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v3.25.1

Segment and Geographic Areas: | 3 Months Ended
--- | ---
Mar. 31, 2025
Segment Reporting [Abstract] |
Segment and Geographic Areas: |
| 10. | Segment 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 based operations, assets and business operations are primarily conducted in France, and include the results and assets of Interparfums Luxury Brands, Inc., located in the United States. For United States based operations, assets and business operations are primarily conducted in the United States, and include the results and assets of Interparfums Italia Srl, located in Italy. Both European based operations 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:
|  | 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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