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Segments and Geographic Areas
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Segments and Geographic Areas

  

(15)Segments and Geographic Areas

 

The Company manufactures and distributes one product line, fragrances and fragrance related products. The Company manages its business in two segments, European based operations and United States based operations. The European assets are located, and operations are primarily conducted, in France. Both European and United States based operations primarily represent the sale of prestige brand name fragrances.

 

Information on the Company’s operations by segments is as follows:

 

   Year ended December 31, 
   2023   2022   2021 
Net sales:               
    United States  $455,758   $342,644   $216,559 
    Europe   863,397    744,075    663,290 
    Eliminations of intercompany sales   (1,480)   (66)   (333)
   $1,317,675   $1,086,653   $879,516 
Net income attributable to Inter Parfums, Inc.:               
    United States  $63,781   $43,745   $29,359 
    Europe   89,250    77,193    57,869 
    Eliminations   (377)   —    183 
   $152,654   $120,938   $87,411 
Depreciation and amortization expense including impairment loss:               
    United States  $6,517   $6,355   $3,835 
    Europe   10,814    16,184    8,863 
   $17,331   $22,539   $12,698 
Interest and investment income:               
    United States  $346   $66   $3 
    Europe   10,810    5,769    3,526 
    Eliminations   (427)   (349)   (126)
   $10,729   $5,486   $3,403 
Interest expense:               
    United States  $1,351   $1,100   $636 
    Europe   10,329    2,848    2,315 
    Eliminations   (427)   (349)   (126)
   $11,253   $3,599   $2,825 
Income tax expense:               
    United States  $15,180   $6,920   $5,336 
    Europe   46,763    36,262    35,607 
    Eliminations   (126)   —    49 
   $61,817   $43,182   $40,992 

 

   December 31, 
   2023   2022   2021 
Total assets:               
    United States  $344,341   $278,090   $247,703 
    Europe   1,066,684    1,052,004    931,735 
    Eliminations   (41,696)   (21,552)   (34,074)
   $1,369,329   $1,308,542   $1,145,364 
Additions to long-lived assets:               
    United States  $1,277   $2,318   $2,711 
    Europe   5,188    31,438    138,563 
   $6,465   $33,756   $141,274 
Total long-lived assets:               
    United States  $57,372   $61,539   $63,094 
    Europe   436,819    423,999    334,033 
   $494,191   $485,538   $397,127 
Deferred tax assets:               
    United States  $2,175   $2,906   $870 
    Europe   12,244    8,253    7,066 
    Eliminations   126    —    — 
   $14,545   $11,159   $7,936 

  

United States export sales were approximately $230.5 million, $180.0 million and $133.4 million in 2023, 2022 and 2021, respectively. Consolidated net sales to customers by region are as follows:

 

   Year ended December 31, 
   2023   2022   2021 
North America  $511,700   $421,000   $346,900 
Europe   404,400    333,400    271,600 
Asia   191,800    163,600    135,200 
Middle East   107,300    87,800    61,000 
Central and South America   92,700    69,900    56,400 
Other   9,800    11,000    8,400 
                
   $1,317,700   $1,086,700   $879,500 

 

Consolidated net sales to customers in major countries are as follows:

 

   Year Ended December 31, 
   2023   2022   2021 
United States  $493,200   $410,000   $344,100 
France  $51,000   $44,800   $44,000 
Russia  $50,100   $33,964   $43,400 
United Kingdom  $47,500   $37,900   $38,500