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The Company and its Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Substantially all of our prestige fragrance brands are licensed from unaffiliated third parties, and our business is dependent upon the continuation and renewal of such licenses. With respect to the Company’s largest brands, we license the Jimmy Choo, Montblanc, Coach and GUESS brand names. As a percentage of net sales, product sales for the Company’s largest brands were as follows:

Substantially all of our prestige fragrance brands are licensed from unaffiliated third parties, and our business is dependent upon the continuation and renewal of such licenses. With respect to the Company’s largest brands, we license the Jimmy Choo, Montblanc, Coach and GUESS brand names. As a percentage of net sales, product sales for the Company’s largest brands were as follows:

 

   Year Ended December 31,
   2023  2022  2021
Jimmy Choo   17%   18%   18%
Montblanc   17%   18%   19%
Coach   15%   15%   16%
GUESS   12%   12%   12%
Donna Karan/DKNY   7%   3%   — 
Ferragamo   5%   5%   1%
The following table presents a summary of the impact by financial statement line item of the corrections for the year ended December 31, 2022:

The following table presents a summary of the impact by financial statement line item of the corrections for the year ended December 31, 2022:

 

   For the Year Ended December 31, 2022 
Consolidated Statement of Cash Flow  As previously reported   Adjustment   As revised 
(in thousands)               
                
Change in Accounts payable and accrued expenses   106,857    (42,119)   64,738 
Net cash provided by operating activities   115,150    (42,119)   73,031 
                
Payments for intangible assets acquired   (98,865)   42,119    (56,746)
Net cash used in investing activities   (132,763)   42,119    (90,644)