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v3.25.1

Segment and Geographic Areas: (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Information on our operations by segments is as follows: | Information on the Company’s operations by segments is as follows:
|  | Three months ended March 31, 2025 |
|  | United States based operations |  |  | European based operations |  |  | Total |
Net sales |  | $ | 94,345 |  |  | $ | 247,826 |  |  | $ | 342,171 |
Eliminations (a) |  |  | — |  |  |  | (3,352 | ) |  |  | (3,352 | )
|  |  | 94,345 |  |  |  | 244,474 |  |  |  | 338,819 |
Less: (b) |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales |  |  | 38,966 |  |  |  | 85,382 |  |  |  |  |
Eliminations (a) |  |  | — |  |  |  | (1,506 | ) |  |  |  |
Segment gross margin |  |  | 55,379 |  |  |  | 160,598 |  |  |  | 215,977 |
Less: (b) |  |  |  |  |  |  |  |  |  |  |  |
Advertising and Promotion |  |  | 15,388 |  |  |  | 36,140 |  |  |  |  |
Employee related costs |  |  | 13,865 |  |  |  | 18,188 |  |  |  |  |
Royalties |  |  | 7,038 |  |  |  | 21,023 |  |  |  |  |
Other segment items (c) |  |  | 8,627 |  |  |  | 20,631 |  |  |  |  |
Segment income from operations |  | $ | 10,461 |  |  | $ | 64,616 |  |  | $ | 75,077 |
Reconciliation: |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  |  |  |  | 1,545 |
Loss on foreign currency |  |  |  |  |  |  |  |  |  |  | 781 |
Interest and investment income |  |  |  |  |  |  |  |  |  |  | (581 | )
Other income |  |  |  |  |  |  |  |  |  |  | (79 | )
Income before income taxes |  |  |  |  |  |  |  |  |  | $ | 73,411 |
|  | Three months ended March 31, 2024 |
|  | United States based operations |  |  | European based operations |  |  | Total |
Net sales |  | $ | 95,768 |  |  | $ | 230,957 |  |  | $ | 326,725 |
Eliminations (a) |  |  | — |  |  |  | (2,762 | ) |  |  | (2,762 | )
|  |  | 95,768 |  |  |  | 228,195 |  |  |  | 323,963 |
Less: (b) |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales |  |  | 39,599 |  |  |  | 83,189 |  |  |  |  |
Eliminations (a) |  |  | — |  |  |  | (1,210 | ) |  |  |  |
Segment gross margin |  |  | 56,169 |  |  |  | 146,216 |  |  |  | 202,385 |
Less: (b) |  |  |  |  |  |  |  |  |  |  |  |
Advertising and Promotion |  |  | 14,934 |  |  |  | 33,390 |  |  |  |  |
Employee related costs |  |  | 12,487 |  |  |  | 18,165 |  |  |  |  |
Royalties |  |  | 7,171 |  |  |  | 20,018 |  |  |  |  |
Other segment items (c) |  |  | 9,423 |  |  |  | 18,824 |  |  |  |  |
Segment income from operations |  | $ | 12,154 |  |  | $ | 55,819 |  |  | $ | 67,973 |
Reconciliation: |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  |  |  |  | 1,807 |
Gain on foreign currency |  |  |  |  |  |  |  |  |  |  | (905 | )
Interest and investment income |  |  |  |  |  |  |  |  |  |  | (3,020 | )
Other expense |  |  |  |  |  |  |  |  |  |  | 38 |
Income before income taxes |  |  |  |  |  |  |  |  |  | $ | 70,053 |
(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:
|  | Three months ended March 31, |
|  | 2025 |  |  | 2024 |
Net income attributable to Interparfums, Inc.: |  |  |  |  |  |  |  |
United States |  | $ | 8,668 |  |  | $ | 9,527 |
Europe |  |  | 35,209 |  |  |  | 32,685 |
Eliminations |  |  | (1,385 | ) |  |  | (1,164 | )
|  | $ | 42,492 |  |  | $ | 41,048 |
Depreciation and amortization expense: |  |  |  |  |  |  |  |
United States |  | $ | 1,680 |  |  | $ | 1,724 |
Europe |  |  | 4,247 |  |  |  | 4,294 |
|  | $ | 5,927 |  |  | $ | 6,018 |
Interest and investment income: |  |  |  |  |  |  |  |
United States |  | $ | 232 |  |  | $ | 3 |
Europe |  |  | 349 |  |  |  | 3,328 |
Eliminations |  |  | — |  |  |  | (311 | )
|  | $ | 581 |  |  | $ | 3,020 |
Interest expense: |  |  |  |  |  |  |  |
United States |  | $ | 210 |  |  | $ | 452 |
Europe |  |  | 1,335 |  |  |  | 1,666 |
Eliminations |  |  | — |  |  |  | (311 | )
|  | $ | 1,545 |  |  | $ | 1,807 |
Income tax expense: |  |  |  |  |  |  |  |
United States |  | $ | 1,712 |  |  | $ | 1,817 |
Europe |  |  | 16,449 |  |  |  | 15,073 |
Eliminations |  |  | (153 | ) |  |  | (140 | )
|  | $ | 18,008 |  |  | $ | 16,750 |
Additions to long-lived assets(a): |  |  |  |  |  |  |  |
United States |  | $ | 170 |  |  | $ | 426 |
Europe |  |  | 23,765 |  |  |  | 938 |
|  | $ | 23,935 |  |  | $ | 1,364 |
(a) Total long-lived assets include property, equipment and leasehold improvements, trademarks, licenses, and other intangible assets, and right-of-use assets.
|  | March 31, |  |  | December 31, |
|  | 2025 |  |  | 2024 |
Total Assets: |  |  |  |  |  |  |  |
United States |  | $ | 334,018 |  |  | $ | 352,139 |
Europe |  |  | 1,122,669 |  |  |  | 1,073,326 |
Eliminations |  |  | (16,162 | ) |  |  | (14,204 | )
|  | $ | 1,440,525 |  |  | $ | 1,411,261 |

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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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