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Segments and Geographic Areas (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Information on the Company’s operations by segments is as follows: | Information on the Company’s operations by segments is as follows:
|  | Year ended December 31, 2024 |
|  | United States based operations |  |  | European based operations |  |  | Total |
Net sales |  | $ | 511,307 |  |  | $ | 953,046 |  |  | $ | 1,464,353 |
Eliminations (a) |  |  | — |  |  |  | (12,028 | ) |  |  | (12,028 | )
|  |  | 511,307 |  |  |  | 941,018 |  |  |  | 1,452,325 |
Less: (b) |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales |  |  | 215,207 |  |  |  | 314,465 |  |  |  |  |
Eliminations (a) |  |  | — |  |  |  | (4,688 | ) |  |  |  |
Segment gross margin |  |  | 296,100 |  |  |  | 631,241 |  |  |  | 927,341 |
Less: (b) |  |  |  |  |  |  |  |  |  |  |  |
Advertising and Promotion |  |  | 79,479 |  |  |  | 201,065 |  |  |  |  |
Employee related costs |  |  | 51,318 |  |  |  | 74,071 |  |  |  |  |
Royalties |  |  | 37,081 |  |  |  | 80,711 |  |  |  |  |
Other segment items (c) |  |  | 39,048 |  |  |  | 89,772 |  |  |  |  |
Segment income from operations |  | $ | 89,174 |  |  | $ | 185,622 |  |  | $ | 274,796 |
Reconciliation: |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  |  |  |  | 7,825 |
Loss on foreign currency |  |  |  |  |  |  |  |  |  |  | 1,085 |
Interest and investment income |  |  |  |  |  |  |  |  |  |  | (2,218 | )
Other (income) expense |  |  |  |  |  |  |  |  |  |  | (287 | )
Income before income taxes |  |  |  |  |  |  |  |  |  | $ | 268,391 |
|  | Year ended December 31, 2023 |
|  | United States based operations |  |  | European based operations |  |  | Total |
Net sales |  | $ | 455,758 |  |  | $ | 863,397 |  |  | $ | 1,319,155 |
Eliminations (a) |  |  | — |  |  |  | (1,480 | ) |  |  | (1,480 | )
|  |  | 455,758 |  |  |  | 861,917 |  |  |  | 1,317,675 |
Less: (b) |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales |  |  | 195,973 |  |  |  | 282,624 |  |  |  |  |
Segment gross margin |  |  | 259,785 |  |  |  | 579,293 |  |  |  | 839,078 |
Less: (b) |  |  |  |  |  |  |  |  |  |  |  |
Advertising and Promotion |  |  | 70,033 |  |  | $ | 191,253 |  |  |  |  |
Employee related costs |  |  | 45,880 |  |  |  | 70,473 |  |  |  |  |
Royalties |  |  | 32,573 |  |  |  | 71,214 |  |  |  |  |
Other segment items (c) |  |  | 32,622 |  |  |  | 73,648 |  |  |  |  |
Segment income from operations |  | $ | 78,677 |  |  | $ | 172,705 |  |  | $ | 251,382 |
Reconciliation: |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  |  |  |  | 11,253 |
Loss on foreign currency |  |  |  |  |  |  |  |  |  |  | 1,582 |
Interest and investment income |  |  |  |  |  |  |  |  |  |  | (10,729 | )
Other (income) expense |  |  |  |  |  |  |  |  |  |  | (317 | )
Income before income taxes |  |  |  |  |  |  |  |  |  | $ | 249,593 |
|  | Year ended December 31, 2022 |
|  | United States based operations |  |  | European based operations |  |  | Total |
Net sales |  | $ | 342,644 |  |  | $ | 744,075 |  |  | $ | 1,086,719 |
Eliminations (a) |  |  | — |  |  |  | (66 | ) |  |  | (66 | )
|  |  | 342,644 |  |  |  | 744,009 |  |  |  | 1,086,653 |
Less: (b) |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales |  |  | 155,333 |  |  |  | 236,898 |  |  |  |  |
Segment gross margin |  |  | 187,311 |  |  |  | 507,111 |  |  |  | 694,422 |
Less: (b) |  |  |  |  |  |  |  |  |  |  |  |
Advertising and Promotion |  |  | 45,860 |  |  |  | 166,510 |  |  |  |  |
Employee related costs |  |  | 38,457 |  |  |  | 60,984 |  |  |  |  |
Royalties |  |  | 24,012 |  |  |  | 62,986 |  |  |  |  |
Other segment items (c) |  |  | 26,541 |  |  |  | 74,769 |  |  |  |  |
Segment income from operations |  | $ | 52,441 |  |  | $ | 141,862 |  |  | $ | 194,303 |
Reconciliation: |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  |  |  |  | 3,599 |
Loss on foreign currency |  |  |  |  |  |  |  |  |  |  | 1,921 |
Interest and investment income |  |  |  |  |  |  |  |  |  |  | (5,486 | )
Other (income) expense |  |  |  |  |  |  |  |  |  |  | 50 |
Income before income taxes |  |  |  |  |  |  |  |  |  | $ | 194,219 |
(a) | Eliminations of intercompany sales relate to European based operations products sold to United States based operations.
(b) | The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.
(c) | Other segment items for each reportable segment include expenses for professional services, travel & entertainment, rent, warehousing, shipping, depreciation & amortization, and other selling, general and administrative costs.
Other segment disclosures:
|  | Year ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Net income attributable to Interparfums, Inc.: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 68,164 |  |  | $ | 63,354 |  |  | $ | 43,330 |
Europe |  |  | 101,698 |  |  |  | 89,677 |  |  |  | 77,608 |
Eliminations |  |  | (5,504 | ) |  |  | (377 | ) |  |  | — |
|  | $ | 164,358 |  |  | $ | 152,654 |  |  | $ | 120,938 |
Depreciation and amortization expense including impairment loss: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 6,838 |  |  | $ | 6,517 |  |  | $ | 6,355 |
Europe |  |  | 21,520 |  |  |  | 10,814 |  |  |  | 16,184 |
|  | $ | 28,358 |  |  | $ | 17,331 |  |  | $ | 22,539 |
Interest and investment income: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 514 |  |  | $ | 346 |  |  | $ | 66 |
Europe |  |  | 2,392 |  |  |  | 10,810 |  |  |  | 5,769 |
Eliminations |  |  | (688 | ) |  |  | (427 | ) |  |  | (349 | )
|  | $ | 2,218 |  |  | $ | 10,729 |  |  | $ | 5,486 |
Interest expense: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 1,838 |  |  | $ | 1,351 |  |  | $ | 1,100 |
Europe |  |  | 6,675 |  |  |  | 10,329 |  |  |  | 2,848 |
Eliminations |  |  | (688 | ) |  |  | (427 | ) |  |  | (349 | )
|  | $ | 7,825 |  |  | $ | 11,253 |  |  | $ | 3,599 |
Income tax expense: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 17,805 |  |  | $ | 15,180 |  |  | $ | 6,920 |
Europe |  |  | 48,988 |  |  |  | 46,763 |  |  |  | 36,262 |
Eliminations |  |  | (1,835 | ) |  |  | (126 | ) |  |  | — |
|  | $ | 64,958 |  |  | $ | 61,817 |  |  | $ | 43,182 |
|  | December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Total assets: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 352,139 |  |  | $ | 344,341 |  |  | $ | 278,090 |
Europe |  |  | 1,073,326 |  |  |  | 1,066,684 |  |  |  | 1,052,004 |
Eliminations |  |  | (14,204 | ) |  |  | (41,696 | ) |  |  | (21,552 | )
|  | $ | 1,411,261 |  |  | $ | 1,369,329 |  |  | $ | 1,308,542 |
Additions to long-lived assets(a): |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 1,882 |  |  | $ | 3,918 |  |  | $ | 5,318 |
Europe |  |  | 20,470 |  |  |  | 49,450 |  |  |  | 85,184 |
|  | $ | 22,352 |  |  | $ | 53,368 |  |  | $ | 90,502 |
Total long-lived assets(a): |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 50,401 |  |  | $ | 57,372 |  |  | $ | 61,539 |
Europe |  |  | 410,459 |  |  |  | 436,819 |  |  |  | 423,999 |
|  | $ | 460,860 |  |  | $ | 494,191 |  |  | $ | 485,538 |
(a) Total long-lived assets include property, equipment and leasehold improvements, trademarks, licenses, and other intangible assets, and right-of-use assets.
Consolidated net sales to customers by region are as follows: | Consolidated net sales to customers by region are as follows:
|  | Year ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
North America |  | $ | 541,850 |  |  | $ | 511,655 |  |  | $ | 420,968 |
Western Europe |  |  | 364,308 |  |  |  | 301,228 |  |  |  | 259,216 |
Asia/Pacific |  |  | 196,978 |  |  |  | 191,772 |  |  |  | 163,621 |
Middle East and Africa |  |  | 122,844 |  |  |  | 117,115 |  |  |  | 98,776 |
Eastern Europe |  |  | 118,130 |  |  |  | 103,227 |  |  |  | 74,161 |
Central and South America |  |  | 108,215 |  |  |  | 92,678 |  |  |  | 69,911 |
|  | $ | 1,452,325 |  |  | $ | 1,317,675 |  |  | $ | 1,086,653 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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