<SEC-DOCUMENT>0001753926-26-000347.txt : 20260224
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<ACCEPTANCE-DATETIME>20260224172247
ACCESSION NUMBER:		0001753926-26-000347
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		16
CONFORMED PERIOD OF REPORT:	20260224
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20260224
DATE AS OF CHANGE:		20260224

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INTERPARFUMS INC
		CENTRAL INDEX KEY:			0000822663
		STANDARD INDUSTRIAL CLASSIFICATION:	PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844]
		ORGANIZATION NAME:           	08 Industrial Applications and Services
		EIN:				133275609
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-16469
		FILM NUMBER:		26673047

	BUSINESS ADDRESS:	
		STREET 1:		551 FIFTH AVE
		STREET 2:		STE 1500
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10176
		BUSINESS PHONE:		2129832640

	MAIL ADDRESS:	
		STREET 1:		551 FIFTH AVENUE
		STREET 2:		STE 1500
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10176

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTER PARFUMS INC
		DATE OF NAME CHANGE:	19990715

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	JEAN PHILIPPE FRAGRANCES INC
		DATE OF NAME CHANGE:	19920703
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<p style="margin: 0pt 0pt 3pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">UNITED STATES</span></p>
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</span></p>
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Washington, D.C. 20549</span></p>
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&#160;</span></p>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">CURRENT REPORT</span></p>
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&#160;</span></p>
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</span></p>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(I.R.S. Employer</span><br/><span style="font-family: 'Times New Roman'; font-size: 10pt;">Identification No.)</span></p>


























































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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Gill Sans MT'; font-size: 11pt;">&#160;</span></p>
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">(Former name or former address, if changed since last report)</span></p>
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2 below):</span></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p>
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<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</span></p>


























































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<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p>
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<tbody>
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<td style="vertical-align: top; width: 3%; box-shadow: none;">
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<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Soliciting Material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</span></p>


























































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<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p>
<table style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%">
<tbody>
<tr>
<td style="vertical-align: top; width: 3%; box-shadow: none;">
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<td style="vertical-align: top; width: 97%; box-shadow: none;">
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</span></p>


























































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<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p>
<table style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%">
<tbody>
<tr>
<td style="vertical-align: top; width: 3%; box-shadow: none;">
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<td style="vertical-align: top; width: 97%; box-shadow: none;">
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></p>


























































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<p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Securities registered pursuant to Section 12(b) of the Act:</span></p>
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<td style="vertical-align: bottom; width: 34%; border-bottom: 1pt solid #000000; height: 34px; box-shadow: none;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Title of each class</span></p>


























































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<td style="vertical-align: bottom; width: 1%; height: 34px; box-shadow: none;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 12pt;">&#160;</span></p>


























































      </td>
<td style="vertical-align: bottom; width: 33%; border-bottom: 1pt solid #000000; height: 34px; box-shadow: none;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Trading Symbol(s)</span></p>


























































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<td style="vertical-align: bottom; width: 1%; height: 34px; box-shadow: none;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 12pt;">&#160;</span></p>


























































      </td>
<td style="vertical-align: bottom; width: 31%; border-bottom: 1pt solid #000000; height: 34px; box-shadow: none;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Name of each exchange </span><br/><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">on which registered</span></p>


























































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<tr style="height: 17px;">
<td style="vertical-align: bottom; height: 17px; box-shadow: none;">
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p>


























































      </td>
<td style="vertical-align: bottom; height: 17px; box-shadow: none;">
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p>


























































      </td>
<td style="vertical-align: bottom; height: 17px; box-shadow: none;">
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p>


























































      </td>
<td style="vertical-align: bottom; height: 17px; box-shadow: none;">
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p>


























































      </td>
<td style="vertical-align: bottom; height: 17px; box-shadow: none;">
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p>


























































      </td>


























































     </tr>
<tr style="height: 17px;">
<td style="background-color: #cceeff; vertical-align: bottom; height: 17px; box-shadow: none;">
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<td style="background-color: #cceeff; vertical-align: bottom; height: 17px; box-shadow: none;">
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p>


























































      </td>
<td style="background-color: #cceeff; vertical-align: top; height: 17px; box-shadow: none;">
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<td style="background-color: #cceeff; vertical-align: bottom; height: 17px; box-shadow: none;">
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p>


























































      </td>
<td style="background-color: #cceeff; vertical-align: top; height: 17px; box-shadow: none;">
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<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</span></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p>
<p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Emerging growth company </span><span style="font-family: 'Segoe UI Symbol'; font-size: 10pt;"><ix:nonNumeric name="dei:EntityEmergingGrowthCompany" contextRef="D20260224" format="ixt-sec:boolballotbox" id="Tag22">&#9744;</ix:nonNumeric></span></p>
<p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. </span><span style="font-family: 'Segoe UI Symbol'; font-size: 10pt;">&#9744;</span></p>
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<p style="margin: 0cm; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="text-decoration: underline; font-family: 'times new roman', times;"><b><span style="font-size: 10.0pt;">Item 2.02 Results of Operations and Financial Conditions </span></b></span></p>
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<p style="margin: 0pt; line-height: 1.2; text-align: justify;"><span style="font-size: 10.0pt;">&#160; Certain portions of our press release dated February 24, 2026, a copy of which is annexed hereto as Exhibit no. 99.1, are incorporated by reference herein, and are filed pursuant to this Item 2.02. They are as follows:<br/></span></p>
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<li style="text-indent: 0px; font-size: 12pt; font-family: 'Times New Roman', serif; text-align: justify; margin: 0px;" class="mylistitemclass"><span style="font-size: 10pt; font-family: 'times new roman', times;">The 1st, 2nd (consisting of a table), 3rd through 6th full paragraphs relating to operational results for the four quarter of 2025 or full year ended December 31, 2025</span></li>
<li style="text-indent: 0px; font-size: 12pt; font-family: 'Times New Roman', serif; text-align: justify; margin: 0px;" class="mylistitemclass"><span style="font-size: 10pt; font-family: 'times new roman', times;">Portion of 7th paragraph relating to operational results for the four quarter of 2025 or full year ended December 31, 2025</span></li>
<li style="text-indent: 0px; font-size: 12pt; font-family: 'Times New Roman', serif; text-align: justify; margin: 0px;" class="mylistitemclass"><span style="font-size: 10pt; font-family: 'times new roman', times;">The 10th, 12th through 16th full paragraphs relating to results of operations</span></li>
<li style="text-indent: 0px; font-size: 12pt; font-family: 'Times New Roman', serif; text-align: justify; margin: 0px;" class="mylistitemclass"><span style="font-size: 10pt; font-family: 'times new roman', times;">Part of the 11th paragraph relating to results of operations</span></li>
<li style="text-indent: 0px; font-size: 12pt; font-family: 'Times New Roman', serif; text-align: justify; margin: 0px;" class="mylistitemclass"><span style="font-size: 10pt; font-family: 'times new roman', times;">The 17th paragraph relating to balance sheet information</span></li>
<li style="text-indent: 0px; font-size: 12pt; font-family: 'Times New Roman', serif; text-align: justify; margin: 0px;" class="mylistitemclass"><span style="font-size: 10pt; font-family: 'times new roman', times;">The tables of unaudited consolidated statements of income and consolidated balance sheets</span></li>


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<br/>
<p style="margin: 0pt; line-height: 1.2;"><span style="text-decoration: underline; font-family: 'times new roman', times;"><b><span style="font-size: 10pt;">Item 7.01&#160;Regulation FD Disclosure</span></b></span></p>
<p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&#160;</span></p>
<p style="margin: 0pt; line-height: 1.2;"><span style="font-size: 10.0pt;">&#160; Certain portions of our press release dated February 24, 2026, a copy of which is annexed hereto as Exhibit no. 99.1, are incorporated by reference herein, and are filed pursuant to this Item 7.01. They are as follows:</span></p>
<p style="margin: 0px; line-height: 1.2; text-indent: 0px;"><span style="font-size: 10.0pt;"><br/></span></p>
<ul style="list-style-type: disc; margin: 0px; text-indent: 0px;">
<li style="text-indent: 0px; font-size: 12pt; font-family: 'Times New Roman', serif; text-align: justify; margin: 0px;" class="mylistitemclass"><span style="font-size: 10.0pt;">The last sentence in the 7th paragraph relating to Lacoste and Cavalli future launches<br/></span></li>
<li style="text-indent: 0px; font-size: 12pt; font-family: 'Times New Roman', serif; text-align: justify; margin: 0px;" class="mylistitemclass"><span style="font-size: 10.0pt;">The 8th full paragraph relating future product launches for several brands, and the 15 year extension of the Guess license to help navigate the fragrance markets short-term volatility and deliver long-term results for the Company</span></li>
<li style="text-indent: 0px; font-size: 12pt; font-family: 'Times New Roman', serif; text-align: justify; margin: 0px;" class="mylistitemclass"><span style="font-size: 10.0pt;">The 9th full paragraph relating to future investments we are making towards product innovation that may allow the Company to see cautious optimism for 2026 and more favorable operating environment for 2027</span></li>
<li style="text-indent: 0px; font-size: 12pt; font-family: 'Times New Roman', serif; text-align: justify; margin: 0px;" class="mylistitemclass"><span style="font-size: 10.0pt;">Portion of the 11th paragraph relating to the future impact of tariffs on our business and the strategies and programs we are going to implement in 2026 to offset the possible effects</span></li>
<li style="text-indent: 0px; font-size: 12pt; font-family: 'Times New Roman', serif; text-align: justify; margin: 0px;" class="mylistitemclass"><span style="font-size: 10.0pt;">Paragraphs 18 through 19 relating to 2026 guidance</span></li>
<li style="text-indent: 0px; font-size: 12pt; font-family: 'Times New Roman', serif; text-align: justify; margin: 0px;" class="mylistitemclass"><span style="font-size: 10.0pt;">The 22nd through 25th paragraphs relating to the conference call to discuss the 2025 fourth quarter and 2025 full year results scheduled for February 25, 2026</span></li>
<li style="text-indent: 0px; font-size: 12pt; font-family: 'Times New Roman', serif; text-align: justify; margin: 0px;" class="mylistitemclass"><span style="font-size: 10.0pt;">The 28th paragraph relating to forward-looking information</span></li>
<li style="text-indent: 0px; font-size: 12pt; font-family: 'Times New Roman', serif; text-align: justify; margin: 0px;" class="mylistitemclass"><span style="font-size: 10.0pt;">The balance of such press release not otherwise incorporated by reference in Item 2.02 or 8.01</span></li>


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<p style="margin: 0px; text-indent: 0px; font-size: 12pt; font-family: 'Times New Roman', serif; text-align: justify;"><span style="text-decoration: underline;"><span style="font-size: 10pt; font-weight: bold; font-family: 'times new roman', times;">Item 8.01 Financial Statements and Exhibits.</span></span></p>
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<li style="text-indent: 0px; font-size: 12pt; font-family: 'Times New Roman', serif; text-align: justify; margin: 0px;" class="mylistitemclass"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;The 20th and 21st paragraphs relating to our cash dividend are incorporated by reference herein</span></span></li>






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<p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', serif; text-indent: 0px;"><span style="text-decoration: underline; font-size: 10pt; font-family: 'times new roman', times;"><b><span>Item 9.01
Financial Statements and Exhibits.</span></b></span><span style="font-size: 11.0pt; font-family: 'Gill Sans MT',sans-serif;"></span></p>
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<span style="font-size: 10.0pt; font-family: 'Times New Roman',serif; mso-fareast-font-family: 'Times New Roman'; mso-font-kerning: 0pt; mso-ligatures: none; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"><span style="font-family: 'times new roman', times;">Our press release dated February 24, 2026</span></span></a></td>
























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<p style="margin: 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">SIGNATURES</span></p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&#160;</span></p>
<p style="margin: 0pt; text-align: justify; text-indent: 36pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused and authorized this report to be signed on its behalf by the undersigned.</span></p>
<p style="margin: 0pt; text-indent: 36pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p>
<p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Dated: February<span style="font-size: 10.0pt; font-family: 'Times New Roman',serif; mso-fareast-font-family: 'Times New Roman'; mso-font-kerning: 0pt; mso-ligatures: none; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">&#160;24, 2026</span></span></p>
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<p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Inter</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">p</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">arfums, Inc.</span></p>


























































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<p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">/s/ Michel Atwood</span></p>


























































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<p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Michel Atwood,</span></p>


























































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<p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Chief Financial Officer</span></p>


























































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    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityAddressPostalZipCode" xlink:title="Presentation : dei_CoverAbstract to dei_EntityAddressPostalZipCode" use="optional" priority="9" order="11" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CityAreaCode" xlink:label="dei_CityAreaCode" xlink:title="dei_CityAreaCode" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_CityAreaCode" xlink:title="Presentation : dei_CoverAbstract to dei_CityAreaCode" use="optional" priority="9" order="12" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_LocalPhoneNumber" xlink:label="dei_LocalPhoneNumber" xlink:title="dei_LocalPhoneNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_LocalPhoneNumber" xlink:title="Presentation : dei_CoverAbstract to dei_LocalPhoneNumber" use="optional" priority="9" order="13" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_WrittenCommunications" xlink:label="dei_WrittenCommunications" xlink:title="dei_WrittenCommunications" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_WrittenCommunications" xlink:title="Presentation : dei_CoverAbstract to dei_WrittenCommunications" use="optional" priority="9" order="14" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SolicitingMaterial" xlink:label="dei_SolicitingMaterial" xlink:title="dei_SolicitingMaterial" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_SolicitingMaterial" xlink:title="Presentation : dei_CoverAbstract to dei_SolicitingMaterial" use="optional" priority="9" order="15" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementTenderOffer" xlink:label="dei_PreCommencementTenderOffer" xlink:title="dei_PreCommencementTenderOffer" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_PreCommencementTenderOffer" xlink:title="Presentation : dei_CoverAbstract to dei_PreCommencementTenderOffer" use="optional" priority="9" order="16" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="dei_PreCommencementIssuerTenderOffer" xlink:title="dei_PreCommencementIssuerTenderOffer" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_PreCommencementIssuerTenderOffer" xlink:title="Presentation : dei_CoverAbstract to dei_PreCommencementIssuerTenderOffer" use="optional" priority="9" order="17" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_Security12bTitle" xlink:label="dei_Security12bTitle" xlink:title="dei_Security12bTitle" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_Security12bTitle" xlink:title="Presentation : dei_CoverAbstract to dei_Security12bTitle" use="optional" priority="9" order="18" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol" xlink:title="dei_TradingSymbol" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_TradingSymbol" xlink:title="Presentation : dei_CoverAbstract to dei_TradingSymbol" use="optional" priority="9" order="19" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SecurityExchangeName" xlink:label="dei_SecurityExchangeName" xlink:title="dei_SecurityExchangeName" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_SecurityExchangeName" xlink:title="Presentation : dei_CoverAbstract to dei_SecurityExchangeName" use="optional" priority="9" order="20" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityEmergingGrowthCompany" xlink:label="dei_EntityEmergingGrowthCompany" xlink:title="dei_EntityEmergingGrowthCompany" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityEmergingGrowthCompany" xlink:title="Presentation : dei_CoverAbstract to dei_EntityEmergingGrowthCompany" use="optional" priority="9" order="21" />
  </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.CAL
<SEQUENCE>4
<FILENAME>ipar-20260224_cal.xml
<DESCRIPTION>CALCULATION
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii" standalone="yes"?>
<!--Created by Genesis Filings LLC, Powered by IRIS Carbon, Unique Code 699e23ee975ead27880a8099, Generated At Tue, 24 Feb 2026 22:19:33 GMT-->
<link:linkbase xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:xl="http://www.xbrl.org/2003/XLink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.interparfumsinc.com/role/Cover" xlink:type="simple" xlink:href="ipar-20260224.xsd#Cover" />
  <link:calculationLink xlink:type="extended" xlink:role="http://www.interparfumsinc.com/role/Cover" />
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>5
<FILENAME>ipar-20260224_lab.xml
<DESCRIPTION>LABEL
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii" standalone="yes"?>
<!--Created by Genesis Filings LLC, Powered by IRIS Carbon, Unique Code 699e23ee975ead27880a8099, Generated At Tue, 24 Feb 2026 22:19:33 GMT-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CoverAbstract" xlink:label="CoverAbstract" xlink:title="CoverAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CoverAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CoverAbstract" xml:lang="en-US" id="label_CoverAbstract">Cover [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CoverAbstract" xlink:to="label_CoverAbstract" xlink:title="Label : CoverAbstract to label_CoverAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentType" xlink:label="DocumentType" xlink:title="DocumentType" />
    <link:label xlink:type="resource" xlink:label="label_DocumentType" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentType" xml:lang="en-US" id="label_DocumentType">Document Type</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentType" xlink:to="label_DocumentType" xlink:title="Label : DocumentType to label_DocumentType" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AmendmentFlag" xlink:label="AmendmentFlag" xlink:title="AmendmentFlag" />
    <link:label xlink:type="resource" xlink:label="label_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmendmentFlag" xml:lang="en-US" id="label_AmendmentFlag">Amendment Flag</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmendmentFlag" xlink:to="label_AmendmentFlag" xlink:title="Label : AmendmentFlag to label_AmendmentFlag" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentPeriodEndDate" xlink:label="DocumentPeriodEndDate" xlink:title="DocumentPeriodEndDate" />
    <link:label xlink:type="resource" xlink:label="label_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentPeriodEndDate" xml:lang="en-US" id="label_DocumentPeriodEndDate">Document Period End Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentPeriodEndDate" xlink:to="label_DocumentPeriodEndDate" xlink:title="Label : DocumentPeriodEndDate to label_DocumentPeriodEndDate" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityFileNumber" xlink:label="EntityFileNumber" xlink:title="EntityFileNumber" />
    <link:label xlink:type="resource" xlink:label="label_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityFileNumber" xml:lang="en-US" id="label_EntityFileNumber">Entity File Number</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityFileNumber" xlink:to="label_EntityFileNumber" xlink:title="Label : EntityFileNumber to label_EntityFileNumber" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" xlink:title="EntityRegistrantName" />
    <link:label xlink:type="resource" xlink:label="label_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityRegistrantName" xml:lang="en-US" id="label_EntityRegistrantName">Entity Registrant Name</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityRegistrantName" xlink:to="label_EntityRegistrantName" xlink:title="Label : EntityRegistrantName to label_EntityRegistrantName" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCentralIndexKey" xlink:label="EntityCentralIndexKey" xlink:title="EntityCentralIndexKey" />
    <link:label xlink:type="resource" xlink:label="label_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityCentralIndexKey" xml:lang="en-US" id="label_EntityCentralIndexKey">Entity Central Index Key</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityCentralIndexKey" xlink:to="label_EntityCentralIndexKey" xlink:title="Label : EntityCentralIndexKey to label_EntityCentralIndexKey" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityTaxIdentificationNumber" xlink:label="EntityTaxIdentificationNumber" xlink:title="EntityTaxIdentificationNumber" />
    <link:label xlink:type="resource" xlink:label="label_EntityTaxIdentificationNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityTaxIdentificationNumber" xml:lang="en-US" id="label_EntityTaxIdentificationNumber">Entity Tax Identification Number</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityTaxIdentificationNumber" xlink:to="label_EntityTaxIdentificationNumber" xlink:title="Label : EntityTaxIdentificationNumber to label_EntityTaxIdentificationNumber" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="EntityIncorporationStateCountryCode" xlink:title="EntityIncorporationStateCountryCode" />
    <link:label xlink:type="resource" xlink:label="label_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityIncorporationStateCountryCode" xml:lang="en-US" id="label_EntityIncorporationStateCountryCode">Entity Incorporation, State or Country Code</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityIncorporationStateCountryCode" xlink:to="label_EntityIncorporationStateCountryCode" xlink:title="Label : EntityIncorporationStateCountryCode to label_EntityIncorporationStateCountryCode" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine1" xlink:label="EntityAddressAddressLine1" xlink:title="EntityAddressAddressLine1" />
    <link:label xlink:type="resource" xlink:label="label_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityAddressAddressLine1" xml:lang="en-US" id="label_EntityAddressAddressLine1">Entity Address, Address Line One</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressAddressLine1" xlink:to="label_EntityAddressAddressLine1" xlink:title="Label : EntityAddressAddressLine1 to label_EntityAddressAddressLine1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressCityOrTown" xlink:label="EntityAddressCityOrTown" xlink:title="EntityAddressCityOrTown" />
    <link:label xlink:type="resource" xlink:label="label_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityAddressCityOrTown" xml:lang="en-US" id="label_EntityAddressCityOrTown">Entity Address, City or Town</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressCityOrTown" xlink:to="label_EntityAddressCityOrTown" xlink:title="Label : EntityAddressCityOrTown to label_EntityAddressCityOrTown" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressStateOrProvince" xlink:label="EntityAddressStateOrProvince" xlink:title="EntityAddressStateOrProvince" />
    <link:label xlink:type="resource" xlink:label="label_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityAddressStateOrProvince" xml:lang="en-US" id="label_EntityAddressStateOrProvince">Entity Address, State or Province</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressStateOrProvince" xlink:to="label_EntityAddressStateOrProvince" xlink:title="Label : EntityAddressStateOrProvince to label_EntityAddressStateOrProvince" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressPostalZipCode" xlink:label="EntityAddressPostalZipCode" xlink:title="EntityAddressPostalZipCode" />
    <link:label xlink:type="resource" xlink:label="label_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityAddressPostalZipCode" xml:lang="en-US" id="label_EntityAddressPostalZipCode">Entity Address, Postal Zip Code</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressPostalZipCode" xlink:to="label_EntityAddressPostalZipCode" xlink:title="Label : EntityAddressPostalZipCode to label_EntityAddressPostalZipCode" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CityAreaCode" xlink:label="CityAreaCode" xlink:title="CityAreaCode" />
    <link:label xlink:type="resource" xlink:label="label_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CityAreaCode" xml:lang="en-US" id="label_CityAreaCode">City Area Code</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CityAreaCode" xlink:to="label_CityAreaCode" xlink:title="Label : CityAreaCode to label_CityAreaCode" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_LocalPhoneNumber" xlink:label="LocalPhoneNumber" xlink:title="LocalPhoneNumber" />
    <link:label xlink:type="resource" xlink:label="label_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LocalPhoneNumber" xml:lang="en-US" id="label_LocalPhoneNumber">Local Phone Number</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LocalPhoneNumber" xlink:to="label_LocalPhoneNumber" xlink:title="Label : LocalPhoneNumber to label_LocalPhoneNumber" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_WrittenCommunications" xlink:label="WrittenCommunications" xlink:title="WrittenCommunications" />
    <link:label xlink:type="resource" xlink:label="label_WrittenCommunications" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WrittenCommunications" xml:lang="en-US" id="label_WrittenCommunications">Written Communications</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WrittenCommunications" xlink:to="label_WrittenCommunications" xlink:title="Label : WrittenCommunications to label_WrittenCommunications" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SolicitingMaterial" xlink:label="SolicitingMaterial" xlink:title="SolicitingMaterial" />
    <link:label xlink:type="resource" xlink:label="label_SolicitingMaterial" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SolicitingMaterial" xml:lang="en-US" id="label_SolicitingMaterial">Soliciting Material</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SolicitingMaterial" xlink:to="label_SolicitingMaterial" xlink:title="Label : SolicitingMaterial to label_SolicitingMaterial" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementTenderOffer" xlink:label="PreCommencementTenderOffer" xlink:title="PreCommencementTenderOffer" />
    <link:label xlink:type="resource" xlink:label="label_PreCommencementTenderOffer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreCommencementTenderOffer" xml:lang="en-US" id="label_PreCommencementTenderOffer">Pre-commencement Tender Offer</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreCommencementTenderOffer" xlink:to="label_PreCommencementTenderOffer" xlink:title="Label : PreCommencementTenderOffer to label_PreCommencementTenderOffer" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="PreCommencementIssuerTenderOffer" xlink:title="PreCommencementIssuerTenderOffer" />
    <link:label xlink:type="resource" xlink:label="label_PreCommencementIssuerTenderOffer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreCommencementIssuerTenderOffer" xml:lang="en-US" id="label_PreCommencementIssuerTenderOffer">Pre-commencement Issuer Tender Offer</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreCommencementIssuerTenderOffer" xlink:to="label_PreCommencementIssuerTenderOffer" xlink:title="Label : PreCommencementIssuerTenderOffer to label_PreCommencementIssuerTenderOffer" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_Security12bTitle" xlink:label="Security12bTitle" xlink:title="Security12bTitle" />
    <link:label xlink:type="resource" xlink:label="label_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Security12bTitle" xml:lang="en-US" id="label_Security12bTitle">Title of 12(b) Security</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Security12bTitle" xlink:to="label_Security12bTitle" xlink:title="Label : Security12bTitle to label_Security12bTitle" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_TradingSymbol" xlink:label="TradingSymbol" xlink:title="TradingSymbol" />
    <link:label xlink:type="resource" xlink:label="label_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradingSymbol" xml:lang="en-US" id="label_TradingSymbol">Trading Symbol</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradingSymbol" xlink:to="label_TradingSymbol" xlink:title="Label : TradingSymbol to label_TradingSymbol" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SecurityExchangeName" xlink:label="SecurityExchangeName" xlink:title="SecurityExchangeName" />
    <link:label xlink:type="resource" xlink:label="label_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SecurityExchangeName" xml:lang="en-US" id="label_SecurityExchangeName">Security Exchange Name</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecurityExchangeName" xlink:to="label_SecurityExchangeName" xlink:title="Label : SecurityExchangeName to label_SecurityExchangeName" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityEmergingGrowthCompany" xlink:label="EntityEmergingGrowthCompany" xlink:title="EntityEmergingGrowthCompany" />
    <link:label xlink:type="resource" xlink:label="label_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityEmergingGrowthCompany" xml:lang="en-US" id="label_EntityEmergingGrowthCompany">Entity Emerging Growth Company</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityEmergingGrowthCompany" xlink:to="label_EntityEmergingGrowthCompany" xlink:title="Label : EntityEmergingGrowthCompany to label_EntityEmergingGrowthCompany" />
  </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>6
<FILENAME>ipar-20260224.xsd
<DESCRIPTION>SCHEMA
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii" standalone="yes"?>
<!--Created by Genesis Filings LLC, Powered by IRIS Carbon, Unique Code 699e23ee975ead27880a8099, Generated At Tue, 24 Feb 2026 22:19:33 GMT-->
<xsd:schema xmlns:us-roles="http://fasb.org/us-roles/2025" xmlns:us-types="http://fasb.org/us-types/2025" xmlns:dei="http://xbrl.sec.gov/dei/2025" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:xl="http://www.xbrl.org/2003/XLink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2024-01-31" xmlns:ipar="http://www.interparfumsinc.com/20260224" elementFormDefault="qualified" attributeFormDefault="unqualified" targetNamespace="http://www.interparfumsinc.com/20260224">
  <xsd:annotation>
    <xsd:appinfo>
      <link:linkbaseRef xlink:type="simple" xlink:href="ipar-20260224_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" />
      <link:linkbaseRef xlink:type="simple" xlink:href="ipar-20260224_cal.xml" xlink:role="http://www.xbrl.org/2003/role/calculationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" />
      <link:linkbaseRef xlink:type="simple" xlink:href="ipar-20260224_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" />
      <link:linkbaseRef xlink:type="simple" xlink:href="ipar-20260224_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" />
      <link:roleType roleURI="http://www.interparfumsinc.com/role/Cover" id="Cover">
        <link:definition>001 - Document - Cover</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
    </xsd:appinfo>
  </xsd:annotation>
  <xsd:import namespace="http://fasb.org/us-roles/2025" schemaLocation="https://xbrl.fasb.org/us-gaap/2025/elts/us-roles-2025.xsd" />
  <xsd:import namespace="http://fasb.org/us-types/2025" schemaLocation="https://xbrl.fasb.org/us-gaap/2025/elts/us-types-2025.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/dei/2025" schemaLocation="https://xbrl.sec.gov/dei/2025/dei-2025.xsd" />
  <xsd:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" />
  <xsd:import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" />
  <xsd:import namespace="http://www.xbrl.org/2003/XLink" schemaLocation="http://www.xbrl.org/2003/xl-2003-12-31.xsd" />
  <xsd:import namespace="http://www.w3.org/1999/xlink" schemaLocation="http://www.xbrl.org/2003/xlink-2003-12-31.xsd" />
  <xsd:import namespace="http://www.xbrl.org/2006/ref" schemaLocation="http://www.xbrl.org/2006/ref-2006-02-27.xsd" />
  <xsd:import namespace="http://www.xbrl.org/dtr/type/2024-01-31" schemaLocation="https://www.xbrl.org/dtr/type/2024-01-31/types.xsd" />
  <xsd:import namespace="http://xbrl.org/2005/xbrldt" schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd" />
  <xsd:import namespace="http://www.xbrl.org/2009/role/negated" schemaLocation="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd" />
</xsd:schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>7
<FILENAME>ex991_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html><head><title></title><meta content="text/html"></meta></head><body><div class="content_container"><div id="Dle0tgwdackmg966freuyf" style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="margin: 0pt 0pt 0pt 9pt; border: 0.75pt solid #ffffff;">
<p style="margin: 0pt;line-height: 1.2;text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Exhibit 99.1</font></font></p>
<p style="margin: 0pt; text-align: center; text-indent: -9pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</font></p>
<p style="margin: 0pt;text-align: center;line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="c02ad7f8f1379dd47237.jpg" alt="Image1" style="height:29;width:299;"></font></p>
<p style="margin: 0pt; text-align: center; text-indent: -9pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</font></p>
<p style="margin: 0pt; text-align: center; text-indent: -9pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">FOR IMMEDIATE RELEASE</font></p>


</div>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</font></p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">INTERPARFUMS, INC. </font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">REPORTS </font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">RECORD</font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;"> 202</font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">5</font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;"> FOURTH QUARTER AND FULL YEAR RESULTS</font></font></p>
<p style="margin: 0pt; line-height: 1.2;"><br></p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">FY2025</font><font style="font-style: italic; font-weight: bold; line-height: inherit;"> Net Sales </font><font style="font-style: italic; font-weight: bold; line-height: inherit;">$1.49 Billion </font><font style="font-style: italic; font-weight: bold; line-height: inherit;">and Diluted EPS</font><font style="font-style: italic; font-weight: bold; line-height: inherit;"> of $5.24 Per Share</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">;</font> </font></p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">Reaffirms </font><font style="font-style: italic; font-weight: bold; line-height: inherit;">FY</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">2026 Guidance and </font><font style="font-style: italic; font-weight: bold; line-height: inherit;">Maintains Annual Cash Dividend of $3.20 for 2026</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="color: #ff0000; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">New York, New York, </font><font style="font-weight: bold; line-height: inherit;">February 24</font><font style="font-weight: bold; line-height: inherit;">, 2026, Interparfums, Inc</font>. (NASDAQ GS: IPAR) (&#8220;Interparfums&#8221; or the &#8220;Company&#8221;) today reported record results for the fourth quarter and full year ended December 31, 2025.</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 120px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%" border="0.5pt solid rgb(0, 0, 0)">

<tr style="margin-left: 0.1px; height: 10px;">
<td rowspan="2" style="padding: 0px 7px; vertical-align: top; box-shadow: none; height: 31px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Financial</font><font style="font-weight: bold;"> Highlights: </font></font></p>
<p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic;">($ in millions</font><font style="font-style: italic;">, except per share amounts</font><font style="font-style: italic;">)</font></font></p>


</td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: top; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Three Months Ended</font></p>
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">December 31,</font></p>


</td>
<td colspan="3" style="vertical-align: top; box-shadow: none; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Year Ended</font></p>
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">December 31,</font></p>


</td>


</tr>
<tr style="margin-left: 0.1px; height: 21px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 21px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">202</font><font style="font-weight: bold;">5</font></font></p>


</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 21px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">202</font><font style="font-weight: bold;">4</font></font></p>


</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 21px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">% Change</font></p>


</td>
<td style="vertical-align: middle; box-shadow: none; height: 21px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">202</font><font style="font-weight: bold;">5</font></font></p>


</td>
<td style="vertical-align: middle; box-shadow: none; height: 21px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">202</font><font style="font-weight: bold;">4</font></font></p>


</td>
<td style="vertical-align: middle; box-shadow: none; height: 21px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">% Change</font></p>


</td>


</tr>
<tr style="margin-left: 0.1px; height: 10px; background-color: #cceeff;">
<td style="padding: 0px 7px; vertical-align: middle; box-shadow: none; height: 10px; width: 40%; margin: 0px; text-indent: 0px; background-color: #cceeff; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net Sales</font></p>


</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">$386</font></p>


</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">$362</font></p>


</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">+7%</font></p>


</td>
<td style="vertical-align: middle; box-shadow: none; height: 10px; width: 10%; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">$1,489</font></p>


</td>
<td style="vertical-align: middle; box-shadow: none; height: 10px; width: 10%; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">$1,452</font></p>


</td>
<td style="vertical-align: middle; box-shadow: none; height: 10px; width: 10%; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">+2%</font></p>


</td>


</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding: 0px 7px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gross Margin</font></p>


</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">61.5%</font></p>


</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">64.5%</font></p>


</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(300) bps</font></p>


</td>
<td style="vertical-align: middle; box-shadow: none; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">63.6%</font></p>


</td>
<td style="vertical-align: middle; box-shadow: none; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">63.9%</font></p>


</td>
<td style="vertical-align: middle; box-shadow: none; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(20) bps</font></p>


</td>


</tr>
<tr style="margin-left: 0.1px; height: 10px; background-color: #cceeff;">
<td style="padding: 0px 7px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating Income </font></p>


</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">$28</font></p>


</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">$36</font></p>


</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(24%)</font></p>


</td>
<td style="vertical-align: middle; box-shadow: none; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">$270</font></p>


</td>
<td style="vertical-align: middle; box-shadow: none; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">$275</font></p>


</td>
<td style="vertical-align: middle; box-shadow: none; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2%)</font></p>


</td>


</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding: 0px 7px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating Margin </font></p>


</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7.1%</font></p>


</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10.0%</font></p>


</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(280) bps</font></p>


</td>
<td style="vertical-align: middle; box-shadow: none; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">18.2%</font></p>


</td>
<td style="vertical-align: middle; box-shadow: none; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">18.9%</font></p>


</td>
<td style="vertical-align: middle; box-shadow: none; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(80) bps</font></p>


</td>


</tr>
<tr style="margin-left: 0.1px; height: 10px; background-color: #cceeff;">
<td style="padding: 0px 7px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net Income attributable to Interparfums, Inc</font></p>


</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">$28</font></p>


</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">$24</font></p>


</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">+16%</font></p>


</td>
<td style="vertical-align: middle; box-shadow: none; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">$168</font></p>


</td>
<td style="vertical-align: middle; box-shadow: none; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">$164</font></p>


</td>
<td style="vertical-align: middle; box-shadow: none; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">+2%</font></p>


</td>


</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding: 0px 7px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Diluted EPS </font></p>


</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">$0.88</font></p>


</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">$0.75</font></p>


</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">+16%</font></p>


</td>
<td style="vertical-align: middle; box-shadow: none; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">$5.24</font></p>


</td>
<td style="vertical-align: middle; box-shadow: none; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">$5.12</font></p>


</td>
<td style="vertical-align: middle; box-shadow: none; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-width: 1pt; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">+2%</font></p>


</td>


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<p style="text-align: justify; margin: 0in; font-size: 10pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><i>The average dollar/euro exchange rate for the 2025 fourth quarter was 1.16 compared to 1.07 in the 2024 fourth quarter leading to a positive 3% foreign exchange impact. For the <font style="font-style: italic; line-height: inherit;">2025 </font><font style="font-style: italic; line-height: inherit;">full year, the average dollar/euro exchange rate was 1.13 compared to 1.08 in 2024, leading to a positive 2% foreign exchange impact.</font></i></font></p>
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</i></font></td>


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<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Operational Commentary</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Jean Madar, Chairman &amp; Chief Executive Officer of Interparfums noted, &#8220;In 2025, we continued to deliver strong financial results, maintained market share, and achieved significant operational milestones, all while effectively navigating macroeconomic headwinds and the introduction of tariffs in the United States.</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8220;Our sales rose 7% and 2% for the fourth quarter and the full year, respectively, reflecting a resilient set of growth engines anchored by our extensive portfolio of prestige and luxury fragrance brands and favorable foreign exchange dynamics. We expanded our brand portfolio with successful launches of <font style="letter-spacing: -0.1pt; line-height: inherit;">several blockbuster fragrances and new line extensions</font><font style="letter-spacing: -0.1pt; line-height: inherit;">, and</font> introduced Solf&#233;rino, our newly created luxury fragrance brand. </font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><br></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8220;Our current top seven brands, representing approximately 77% of our net sales, increased 8% and 5% during the fourth quarter and full year, respectively. The majority of our regions grew in 2025, highlighted by growth in our key markets of North America, Western Europe, and Central and South America which achieved gains of 3%, 5%, and 11% respectively, compared to full year 2024. Sales in Eastern Europe grew by 2%, reflecting more normalized sales levels despite the conflict in that region. The Middle East and Africa were down 4%, but increased by 4% when excluding the impact of the Dunhill phase out. Asia Pacific sales declined 4% driven by distribution challenges in South Korea and India, partially offset by growth in Australia, China and Japan. Our Travel Retail business generated disproportionate growth compared to consolidated net sales as we continue to strengthen our presence in this emerging sales channel.&#8221; </font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mr. Madar continued, &#8220;Jimmy Choo and Coach, the two largest brands in our portfolio, delivered strong annual performances, growing sales by 6% and 15% respectively, driven by the sustained success of the <font style="font-style: italic; line-height: inherit;">I Want Choo </font>franchise and broad momentum across all Coach men&#8217;s and women&#8217;s lines. Montblanc and GUESS ended the year on high notes driven by increased demand for Montblanc <font style="font-style: italic; line-height: inherit;">Explorer Extreme</font><font style="font-style: italic; line-height: inherit;">,</font> and the <font style="font-style: italic; line-height: inherit;">Seductive</font> and <font style="font-style: italic; line-height: inherit;">Iconic</font> fragrance lines for GUESS. This momentum delivered robust holiday results and fourth quarter growth of 22% and 7%, respectively, resulting in full-year sales that were broadly in line for both brands.</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8220;Lacoste and Cavalli continued to perform exceptionally in their second full year under our management, fueled by innovative new launches and healthy global demand. Lacoste full year sales of $108 million exceeded our initial expectations of $100 million, growing 23% and 28% in the 2025 fourth quarter and full year, respectively. Roberto Cavalli posted 33% growth for both the 2025 fourth quarter and full year, underscoring the brand&#8217;s elevated positioning. We expect these brands to continue their upward trajectory in the coming years as we build on their momentum with new launches and broaden their global reach.&#8221;</font></p>
<p style="margin: 0pt; line-height: 1.2;"><br></p>
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<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mr. Madar concluded, &#8220;While macroeconomic headwinds persist in certain key markets and trade destocking continues, we are encouraged by our 2025 performance as our business continues to benefit from the resiliency of the fragrance category and the broad consumer shift toward prestige and luxury fragrances. We are excited about the near-term launches of our newest brands, including Annick Goutal, Off-White, and Longchamp, the 15-year extension of our Guess license, and the prospects of our recently announced longer-term licenses with David Beckham and Nautica. Coupled with healthy sell&#8209;outs even in this still pressured environment, we believe that we are well&#8209;positioned to navigate short&#8209;term volatility and continue delivering durable, long&#8209;term results. </font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8220;The strength of our brand portfolio, the investments we are making to elevate our products and enhance our processes, and the commitment to innovation that has defined our growth for the last 30 years support our cautious optimism for 2026 as we prepare for what we expect will be a more favorable operating environment in 2027.&#8221; </font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-size: 10pt;">&#160;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Financial Commentary</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Michel Atwood, Chief Financial Officer of Interparfums, noted, &#8220;In 2025, we delivered record net sales of $1.49 billion and diluted earnings per share (&#8220;EPS&#8221;) of $5.24, exceeding our guidance of $1.47 billion net sales and $5.12 EPS. We continued to manage our costs, optimize our inventories, and generate efficiencies, while investing in our current brands as well as those that will be joining our portfolio in the future. We maintained a strong financial position and adhered to our commitment to return capital to our shareholders.&#8221; </font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><br></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Consolidated gross margin for the year of 63.6% was marginally down 0.3% of sales compared to 63.9% in 2024, driven primarily by the impact of tariffs that produced higher costs of $12.8 million, or 0.9% of sales. The Company&#8217;s tariff mitigation initiatives partially offset these impacts through favorable segment and brand mix, as did our previously announced pricing actions. We expect tariffs will continue to represent a significant headwind in 2026 as they  annualize&#160; for the full year. We continue to actively implement cost saving programs and mitigating strategies to help limit the effects of tariffs. These programs, in combination with the full year impacts of the price increases we took in August 2025, should enable us to achieve gross margin stability in 2026.</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><br></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">SG&amp;A expenses as a percentage of net sales were 45.5% in 2025 compared to 44.7% in 2024, attributable to higher levels of advertising and promotional (&#8220;A&amp;P&#8221;) expenditures throughout 2025, as well as unfavorable segment mix. A&amp;P expenditures, which are included in SG&amp;A expenses, rose by 5% to $295 million from $281 million in 2024, representing 19.8% of net sales compared to 19.3% last year, reflecting the Company&#8217;s commitment to protect sell-out and support the continued success of its existing brands.</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As a result of these factors, operating income was $270 million, yielding an operating margin of 18.2%, compared to operating income of $275 million, or 18.9%, in 2024.</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Below the operating line, net income reflected a gain of $8.7 million in other income and expenses during the fourth quarter of 2025 leading to a full year gain of $1.0 million compared to a loss of $6.4 million in 2024. Other income and expense for the year ended December 31, 2025 included a one-time gain of $7.6 million related to a debt extinguishment, $3.7 million in losses on foreign currency, a $1.2 million increase in interest income to $5.8 million, and a reduction in interest expense on borrowings of $0.7&#160;million.</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Consolidated effective tax rates were 22.0% and 23.3% for the fourth quarter and full year ended December 31, 2025 compared to 27.2% and 24.2% in the respective prior year periods. In 2025, the Company benefited from a favorable net tax gain of $2.0 million following a positive outcome from prior year tax assessments.</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">These factors contributed to record annual net income attributable to Interparfums, Inc. of $168 million, or $5.24 per diluted share, a 2% increase compared to net income of $164 million, or, $5.12 per diluted share in 2024. As a percentage of sales net income was stable at 11.3%.</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Financial Condit</font><font style="font-weight: bold; line-height: inherit;">i</font><font style="font-weight: bold; line-height: inherit;">on</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mr. Atwood continued, &#8220;We maintained a strong financial condition at year end, with $295 million in cash, cash equivalents and short-term investments, and working capital of $683 million. Despite a currency headwind driven by the stronger Euro, inventories declined by 6% compared to last year as we continued to capture meaningful efficiencies from our inventory optimization programs and a normalizing supply chain. We further enhanced our cash conversion cycle, delivering operating cash flow equivalent to 103% of net income, compared to 92% in 2024. Long-term debt approximated $176 million.&#8221;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Reaffirms </font><font style="font-weight: bold; line-height: inherit;">202</font><font style="font-weight: bold; line-height: inherit;">6</font><font style="font-weight: bold; line-height: inherit;"> Guidance</font></font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mr. Atwood concluded, &#8220;We are maintaining our 2026 outlook of $1.48&#8239;billion in sales and EPS of $4.85. We believe it is prudent to monitor global developments in the early part of 2026 before potentially revisiting our guidance later in the year. We continue to be optimistic about the strength of our diverse brand portfolio, the agility of our organization, and an innovation pipeline broadly in line with 2025. In combination, these factors should help us maintain market share in a normalizing global market.&#8221;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Guidance assumes that the average dollar/euro exchange rate remains at current levels.</font></p>
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<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Announcement </font><font style="font-weight: bold; line-height: inherit;">of 2026 </font><font style="font-weight: bold; line-height: inherit;">Cash Dividend</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In February 2026, Interparfums&#8217; Board of Directors approved the annual cash dividend rate of $3.20 per share, unchanged from 2025, reflecting the Company&#8217;s commitment to maintaining a stable and prudent approach to capital allocation. </font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The next quarterly cash dividend of $0.80 per share is payable on March 31, 2026, to shareholders of record on March 16, 2026.</font></p>
<p style="margin: 0pt;"><br></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Conference Cal</font><font style="font-weight: bold; line-height: inherit;">l</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Management will host a conference call to discuss financial results and business operations beginning at 11:00 am ET on Wednesday, February 25, 2026.</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Interested parties may participate in the live call by dialing: </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>
<p style="margin: 0pt 0pt 0pt 36pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">U.S. / Toll-free: (877) 423-9820</font></p>
<p style="margin: 0pt 0pt 0pt 36pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">International:&#160; &#160; &#160;(201) 493-6749</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Participants are asked to dial in approximately 10 minutes before the conference call is scheduled to begin.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">A live audio webcast will also be available in the &#8220;Events&#8221; tab within the Investor Relations section of the Company&#8217;s website at <font style="color: rgb(0, 0, 0);">www.interparfumsinc.com</font><font style="color: #0000ff; text-decoration: underline;">,</font> or by clicking <font style="color: rgb(0, 0, 0);">here</font>. The conference call will be available for webcast replay for approximately 90 days following the live event.</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">About Interparfums, Inc.:<br></font><font style="font-size: 10pt;">Operating in the global fragrance business since 1982, Interparfums, Inc. produces and distributes a wide array of prestige fragrance and fragrance related products under license and other agreements with brand owners. The Company manages its business in two operating segments, European based operations, through its 72% owned subsidiary, Interparfums SA, and United States based operations, through wholly owned subsidiaries in the United States and Italy.</font></p>
<p style="margin: 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Our portfolio of prestige brands includes Abercrombie &amp; Fitch, Anna Sui, Boucheron, Coach, Donna Karan/DKNY, Emanuel Ungaro, Ferragamo, Graff, Guess, Hollister, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lacoste, Longchamp, MCM, Moncler, Montblanc, Oscar de la Renta, Roberto Cavalli, and Van Cleef &amp; Arpels, whose products are distributed in over 120 countries around the world through an extensive and diverse network of distributors. Interparfums, Inc. is also the registered owner of several trademarks including Lanvin, Rochas, and Solfe&#769;rino. Goutal and Off-White joined the Company&#8217;s fragrance portfolio in 2026.</font></p>
<p style="margin: 0pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><br></font></p>
<p style="margin: 0pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Forward-Looking Statements:<br></font><font style="font-size: 10pt;">Statements in this release which are not historical in nature are forward-looking statements. Although we believe that our plans, intentions, and expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such plans, intentions, or expectations will be achieved. In some cases, you can identify forward-looking statements by forward-looking words such as "anticipate, "believe", "could", "estimate", "expect", "intend", "may", "should", "will", and "would" or similar words. You should not rely on forward-looking statements, because actual events or results may differ materially from those indicated by these forward-looking statements as a result of a number of important factors. These factors include, but are not limited to, the risks and uncertainties discussed under the headings &#8220;Forward Looking Statements&#8221; and "Risk Factors" in Interparfums' annual report on Form 10-K for the fiscal year ended December 31, 2024, and the reports Interparfums files from time to time with the Securities and Exchange Commission. Interparfums does not intend to and undertakes no duty to update the information contained in this press release.</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Contact Information: </font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interparfums, Inc. </font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Michel Atwood</font><br><font style="font-family: 'times new roman', times; font-size: 10pt;">Chief Financial Officer</font><br><font style="font-family: 'times new roman', times; font-size: 10pt;">(212) 983-2640 </font></p>
<p style="margin: 0pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; color: rgb(0, 0, 0);">www.interparfumsinc.com </font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Equity Group Inc.</font><br><font style="font-family: 'times new roman', times; font-size: 10pt;">Devin Sullivan</font><br><font style="font-family: 'times new roman', times; font-size: 10pt;">Investor Relations Counsel</font><br><font style="font-family: 'times new roman', times; font-size: 10pt;">(212) 836-9608 / <font style="color: rgb(0, 0, 0);">dsullivan@theequitygroup.com </font></font></p>
<p style="margin: 0pt;"><font style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-size: 10pt;">www.theequitygroup.com </font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">See Accompanying Tables</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>
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<p style="margin: 0pt; text-align: center; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">INTERPARFUMS, INC. AND SUBSIDIARIES</font><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</font></p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">CONSOLIDATED BALANCE SHEETS</font></font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">December 31, 2025, and 2024</font></p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 10pt; font-style: italic; line-height: inherit;">&#160;</font><font style="font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands except share and per share data)</font></font></p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 10pt; line-height: inherit;">&#160;</font><font style="font-size: 10pt; font-style: italic; line-height: inherit;">(Unaudited)</font></font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Assets</font></p>




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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</font></p>




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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2025</font></p>




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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</font></p>




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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</font></p>




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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2024</font></p>




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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</font></p>




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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Current assets:</font></p>




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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px;">
<td style="padding-left: 9.25pt; box-shadow: none; vertical-align: bottom; width: 74%; height: 10px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash and cash equivalents</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; width: 1%; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; width: 1%; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">$</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; width: 10%; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">158,091</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; width: 1%; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; width: 1%; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; width: 1%; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">$</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; width: 10%; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">125,433</font></p>




</td>
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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

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<td style="padding-left: 9.25pt; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Short-term investments</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">137,093</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">109,311</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

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<td style="padding-left: 9.25pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Accounts receivable, net</font></p>




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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">320,625</font></p>




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<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">274,705</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 9.25pt; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Inventories</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">351,377</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">371,920</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px;">
<td style="padding-left: 9.25pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Receivables, other</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,014</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,122</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 9.25pt; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other current assets</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">39,954</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">38,604</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px;">
<td style="padding-left: 9.25pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Income taxes receivable</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,211</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">306</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 36px; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total current assets</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,027,365</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">926,401</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px;">
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Property, equipment and leasehold improvements, net</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">184,891</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">153,773</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Right-of-use assets, net</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23,347</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">24,603</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px;">
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Trademarks, licenses and other intangible assets, net</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">325,185</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">282,484</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Deferred tax assets</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,234</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,465</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px;">
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Other assets</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">20,226</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">18,535</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 45.25px; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total assets</font></p>




</td>
<td style="padding-bottom: 2.75pt; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">$</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,585,248</font></p>




</td>
<td style="padding-bottom: 2.75pt; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-bottom: 2.75pt; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">$</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,411,261</font></p>




</td>
<td style="padding-bottom: 2.75pt; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px;">
<td style="padding-left: 9.25pt; box-shadow: none; vertical-align: bottom; height: 10px;"><br></td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;"><br></td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;"><br></td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;"><br></td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;"><br></td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;"><br></td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;"><br></td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;"><br></td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;"><br></td>

</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 9.25pt; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 9pt; text-align: center; text-indent: -9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Liabilities and Equity</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px;">
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Current liabilities:</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 9.25pt; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Loans payable - banks</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">$</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,400</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">$</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,311</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px;">
<td style="padding-left: 9.25pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current portion of long-term debt</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">54,774</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">41,607</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 9.25pt; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current portion of lease liabilities</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,326</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,087</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px;">
<td style="padding-left: 9.25pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Accounts payable - trade</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">77,210</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">91,049</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 9.25pt; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Accrued expenses</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">189,622</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">172,758</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px;">
<td style="padding-left: 9.25pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Income taxes payable</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,671</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12,615</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 36px; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total current liabilities</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">344,003</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">332,427</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px;">
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Long&#8211;term debt, less current portion</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">121,254</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">115,734</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Lease liabilities, less current portion</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,967</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">20,455</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px;">
<td style="box-shadow: none; vertical-align: bottom; height: 10px;"><br></td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;"><br></td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;"><br></td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;"><br></td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;"><br></td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;"><br></td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;"><br></td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;"><br></td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;"><br></td>

</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Equity:</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px;">
<td style="padding: 0px; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interparfums, Inc. shareholders&#8217; equity:</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 12px; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Preferred stock, $0.001 par value. Authorized 1,000,000 shares: none issued</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8212;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8212;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px;">
<td style="padding: 0px 0px 0px 12px; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Common stock, $0.001 </font><font style="font-size: 10pt;">par</font><font style="font-size: 10pt;"> value. Authorized 100,000,000 shares: outstanding, 32,067,285 and 32,110,170 shares on December 31, 2025, and 2024, respectively</font></font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">32</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">32</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 12px; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Additional paid-in capital</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">127,541</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">106,702</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px;">
<td style="padding: 0px 0px 0px 12px; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Retained earnings</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">828,906</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">763,240</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 12px; box-shadow: none; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Accumulated other comprehensive loss</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(9,029)</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
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</td>
<td style="box-shadow: none; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(72,239</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">)</font></p>




</td>

</tr>
<tr style="height: 10px;">
<td style="padding: 0px 0px 0px 12px; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Treasury stock, at cost, 9,032,840 and 9,981,665 common shares on December 31, 2025, and 2024, respectively</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(66,734</font></p>




</td>
<td style="padding: 0px 0px 0.5px; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">)</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(52,864</font></p>




</td>
<td style="padding: 0px 0px 0.5px; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">)</font></p>




</td>

</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total Interparfums, Inc. shareholders&#8217; equity</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">880,716</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">744,871</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px;">
<td style="padding: 0px 0px 0px 12px; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Noncontrolling interest</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">223,308</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">197,774</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 36px; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total equity</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,104,024</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">942,645</font></p>




</td>
<td style="padding-bottom: 1.25pt; box-shadow: none; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>
<tr style="height: 10px;">
<td style="box-shadow: none; padding: 0px 0px 0px 45.25px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total liabilities and equity</font></p>




</td>
<td style="padding-bottom: 2.75pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">$</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,585,248</font></p>




</td>
<td style="padding-bottom: 2.75pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-bottom: 2.75pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">$</font></p>




</td>
<td style="box-shadow: none; vertical-align: bottom; height: 10px; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,411,261</font></p>




</td>
<td style="padding-bottom: 2.75pt; box-shadow: none; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>

</tr>






</table>
<p style="line-height: 1.2; margin: 0pt;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center; box-shadow: none;"><font style="font-size: 10pt; line-height: inherit;" class="pageno"><font class="pageno">4</font></font></td>


</tr>





</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always;"><a href="#TOC"></a><br></div>


</div>
&#160; &#160;
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">INTERPARFUMS, INC. AND SUBSIDIARIES</font><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</font></p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">CONSOLIDATED STATEMENTS OF INCOME</font></p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands except per share data)</font></p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">(Unaudited)</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 597px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 99.5092%;" width="100%">

<tr style="height: 10px;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td colspan="5" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; box-shadow: none; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Three Months Ended</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; text-align: left; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; text-align: left; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td colspan="5" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; box-shadow: none; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Twelve Months Ended</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;"><br></td>


</tr>
<tr style="height: 10px;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td colspan="5" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; box-shadow: none; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">December 31</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; text-align: left; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; text-align: left; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td colspan="5" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; box-shadow: none; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">December 31</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;"><br></td>


</tr>
<tr style="height: 10px;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2025</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2024</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; text-align: left; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2025</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2024</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>


</tr>
<tr style="height: 10px;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; text-align: left;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>


</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 10px; width: 49%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Net sales</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 10px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</font></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">386,175</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 10px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</font></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">361,504</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; width: 1%; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; text-align: left; width: 1%; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</font></font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,488,509</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 10px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</font></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,452,325</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 10px;"><br></td>


</tr>
<tr style="height: 17px;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; text-align: left;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>


</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Cost of sales</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;border-bottom-width: 1pt ;border-bottom-style: solid ;border-bottom-color: #000000;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;border-bottom-width: 1pt ;border-bottom-style: solid ;border-bottom-color: #000000;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">148,839</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;border-bottom-width: 1pt ;border-bottom-style: solid ;border-bottom-color: #000000;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;border-bottom-width: 1pt ;border-bottom-style: solid ;border-bottom-color: #000000;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">128,465</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; background-color: rgb(204, 238, 255); height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff;border-bottom-width: 1pt ;border-bottom-style: solid ;border-bottom-color: #000000;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;border-bottom-width: 1pt ;border-bottom-style: solid ;border-bottom-color: #000000;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">541,290</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;border-bottom-width: 1pt ;border-bottom-style: solid ;border-bottom-color: #000000;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;border-bottom-width: 1pt ;border-bottom-style: solid ;border-bottom-color: #000000;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">524,984</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>


</tr>
<tr style="height: 17px;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; text-align: left;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>


</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Gross margin</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">237,336</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">233,039</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">947,219</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">927,341</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>


</tr>
<tr style="height: 17px;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; text-align: left;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>


</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Selling, general and administrative</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">209,828</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">193,034</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">676,902</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">648,540</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>


</tr>
<tr style="height: 10px;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>


</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Impairment loss</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,005</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,005</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>


</tr>
<tr style="height: 10px;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; text-align: left;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>


</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Income from operations</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">27,508</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">36,000</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">270,317</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">274,796</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>


</tr>
<tr style="height: 17px;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; text-align: left;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>


</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Other expenses (income):</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>


</tr>
<tr style="height: 10px;">
<td style="padding: 0px 0px 0px 12px; vertical-align: middle; box-shadow: none; height: 10px;">
<p style="margin: 0pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,611</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,099</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; text-align: left;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,248</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,825</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>


</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 12px; vertical-align: middle; box-shadow: none; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(Gain) loss on foreign currency</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">203</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,000</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</font></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,779</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,085</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>


</tr>
<tr style="height: 17px;">
<td style="padding: 0px 0px 0px 12px; vertical-align: middle; box-shadow: none; height: 17px;">
<p style="margin: 0pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest and investment income</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,678</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</font></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(528</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</font></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; text-align: left;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,877</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</font></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,218</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</font></td>


</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 12px; vertical-align: middle; box-shadow: none; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other loss (income)</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(7,863</font></p>




</td>
<td style="padding: 0px 0px 0.5px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</font></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(252</font></p>




</td>
<td style="padding: 0px 0px 0.5px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</font></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(9,165</font></p>




</td>
<td style="padding: 0px 0px 0.5px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</font></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(287</font></p>




</td>
<td style="padding: 0px 0px 0.5px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</font></td>


</tr>
<tr style="height: 17px;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>


</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(8,727</font></p>




</td>
<td style="padding: 0px 0px 0.5px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</font></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(681</font></p>




</td>
<td style="padding: 0px 0px 0.5px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</font></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,015</font></p>




</td>
<td style="padding: 0px 0px 0.5px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</font></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,405</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>


</tr>
<tr style="height: 17px;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; text-align: left;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>


</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Income before income taxes </font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">36,681</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">36,681</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">271,332</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">268,391</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>


</tr>
<tr style="height: 17px;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; text-align: left;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 17px;"><br></td>


</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Income taxes</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,969</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,984</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">63,187</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">64,958</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>


</tr>
<tr style="height: 10px;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; text-align: left;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>


</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Net income</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">28,266</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">26,697</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">208,145</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">203,433</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>


</tr>
<tr style="height: 10px;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; text-align: left;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>


</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 12px; vertical-align: middle; box-shadow: none; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Less: Net income attributable to the noncontrolling interest</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">168</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,469</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">39,758</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">39,075</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>


</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; box-shadow: none; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; text-align: left;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>


</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Net income attributable to Interparfums, Inc.</font></p>




</td>
<td style="padding: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 10px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</font></td>
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">28,098</font></p>




</td>
<td style="padding: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 10px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</font></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">24,228</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</font></font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">168,387</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 10px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</font></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">164,358</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>


</tr>
<tr style="height: 10px;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; text-align: left;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>


</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Earnings per share:</font></p>




</td>
<td style="padding: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</font></p>




</td>
<td style="padding: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>


</tr>
<tr style="height: 10px;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; text-align: left;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>


</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td colspan="3" style="padding: 0px; vertical-align: middle; box-shadow: none; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Net income attributable to Interparfums, Inc. common shareholders</font></p>




</td>
<td style="padding: 0px; vertical-align: middle; box-shadow: none; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding: 0px; vertical-align: middle; box-shadow: none; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; box-shadow: none; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; text-align: left; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; text-align: left; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; box-shadow: none; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; box-shadow: none; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br></td>


</tr>
<tr style="height: 10px;">
<td style="padding: 0px 0px 0px 12px; vertical-align: middle; box-shadow: none; height: 10px;">
<p style="margin: 0pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Basic&#160; </font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</font></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.88</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</font></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.76</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; text-align: left;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</font></font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5.25</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</font></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5.13</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>


</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 12px; vertical-align: middle; box-shadow: none; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Diluted&#160; </font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 10px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</font></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.88</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 10px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</font></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.75</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</font></font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5.24</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 10px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</font></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5.12</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>


</tr>
<tr style="height: 10px;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; text-align: left;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>


</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Weighted average number of shares outstanding:</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>


</tr>
<tr style="height: 10px;">
<td style="padding: 0px 0px 0px 12px; vertical-align: middle; box-shadow: none; height: 10px;">
<p style="margin: 0pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Basic&#160; </font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">32,066</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">32,056</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; text-align: left;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">32,102</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">32,037</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>


</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 12px; vertical-align: middle; box-shadow: none; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Diluted&#160; </font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">32,078</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">32,135</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">32,138</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">32,124</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br></td>


</tr>
<tr style="height: 10px;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px; text-align: left;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; height: 10px;"><br></td>


</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; vertical-align: middle; box-shadow: none; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Dividends declared per share</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</font></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.80 </font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</font></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.75 </font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3.20 </font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</font></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.63pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3.00 </font></p>




</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; box-shadow: none; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br></td>


</tr>







</table>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center; box-shadow: none;"><font style="font-size: 10pt;" class="pageno"><font class="pageno">5</font></font></td>


</tr>





</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/></div>



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<TYPE>XML
<SEQUENCE>10
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<body>
<span style="display: none;">v3.25.4</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cover<br></strong></div></th>
<th class="th"><div>Feb. 24, 2026</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Feb. 24,  2026<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">0-16469<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">Interparfums, Inc.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000822663<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">13-3275609<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">DE<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">551 Fifth Avenue<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">New York<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">NY<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">10176<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">212<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">983.2640<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Common Stock, $.001 par value per share<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">IPAR<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NASDAQ<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14a<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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