XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net sales $ 309,244 $ 244,725 $ 620,967 $ 495,403
Cost of sales 120,840 90,943 229,606 182,963
Gross margin 188,404 153,782 391,361 312,440
Selling, general and administrative expenses 133,383 108,385 246,061 205,825
Income from operations 55,021 45,397 145,300 106,615
Other expenses (income):        
Interest expense 2,276 1,023 4,633 1,907
(Gain) loss on foreign currency (746) (279) 13 (2,518)
Interest and investment (income) loss (1,977) (464) (7,359) 1,002
Other income (7) (328) (48) (444)
Nonoperating Income (Expense) (454) (48) (2,761) (53)
Income before income taxes 55,475 45,445 148,061 106,668
Income taxes 12,957 10,925 34,635 25,857
Net income 42,518 34,520 113,426 80,811
Less:  Net income attributable to the noncontrolling interest 7,566 6,903 24,406 17,895
Net income attributable to Inter Parfums, Inc. $ 34,952 $ 27,617 $ 89,020 $ 62,916
Net income attributable to Inter Parfums, Inc. common shareholders:        
Basic $ 1.09 $ 0.87 $ 2.78 $ 1.98
Diluted $ 1.09 $ 0.86 $ 2.77 $ 1.97
Weighted average number of shares outstanding:        
Basic 32,006 31,845 32,012 31,843
Diluted 32,162 31,952 32,161 31,981
Dividends declared per share $ 0.625 $ 0.50 $ 1.30 $ 1.00