Inter Parfums (IPAR) 10-Q 11 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Aug. 08, 2014
Document and Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Jun-14	'
Entity Registrant Name	'INTER PARFUMS INC	'
Entity Central Index Key	'0000822663	'
Current Fiscal Year End Date	'--12-31	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	30,939,928

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$60,151	$125,650
Short-term investments	214,637	181,677
Accounts receivable, net	96,118	79,932
Inventories	125,530	117,347
Receivables, other	1,718	2,418
Other current assets	6,180	4,775
Income tax receivable	870	6,435
Deferred tax assets	5,274	7,257
Total current assets	510,478	525,491
Equipment and leasehold improvements, net	9,753	10,444
Trademarks, licenses and other intangible assets, net	112,562	116,243
Other assets	12,341	11,880
Total assets	645,134	664,058
Current liabilities:	'	'
Loans payable - banks	265	6,104
Accounts payable, trade	58,329	56,736
Accrued expenses	37,046	58,333
Income taxes payable	2,580	1,270
Dividends payable	3,713	3,704
Total current liabilities	101,933	126,147
Deferred tax liability	2,584	2,555
Inter Parfums, Inc. shareholders' equity:	'	'
Preferred stock, $.001 par; authorized 1,000,000 shares; none issued	'	'
Common stock, $.001 par; authorized 100,000,000 shares; outstanding 30,938,648 and 30,863,421 shares at June 30, 2014 and December 31, 2013, respectively	31	31
Additional paid-in capital	58,907	57,877
Retained earnings	367,093	359,459
Accumulated other comprehensive income	22,740	25,860
Treasury stock, at cost, 9,924,500 and 9,940,977 common shares at June 30, 2014 and December 31, 2013 respectively	-36,266	-36,016
Total Inter Parfums, Inc. shareholders' equity	412,505	407,211
Noncontrolling interest	128,112	128,145
Total equity	540,617	535,356
Total liabilities and equity	$645,134	$664,058

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
CONSOLIDATED BALANCE SHEETS [Abstract]	'	'
Preferred stock, par	$0.00	$0.00
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Common stock, par	$0.00	$0.00
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares outstanding	30,938,648	30,863,421
Treasury shares, shares	9,924,500	9,940,977

CONSOLIDATED_STATEMENTS_OF_INC

CONSOLIDATED STATEMENTS OF INCOME (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
CONSOLIDATED STATEMENTS OF INCOME [Abstract]	'	'	'	'
Net sales	$118,192	$117,485	$239,923	$331,296
Cost of sales	50,076	53,878	102,577	133,045
Gross margin	68,116	63,607	137,346	198,251
Selling, general and administrative expenses	55,265	55,708	107,073	123,376
Income from operations	12,851	7,899	30,273	74,875
Other expenses (income):	'	'	'	'
Interest expense	574	416	847	874
(Gain) loss on foreign currency	122	-461	72	982
Interest income	-948	-1,064	-2,059	-2,254
Other expenses (income)	-252	-1,109	-1,140	-398
Income before income taxes	13,103	9,008	31,413	75,273
Income taxes	5,436	4,487	11,596	27,810
Net income	7,667	4,521	19,817	47,463
Less: Net income attributable to the noncontrolling interest	1,558	706	4,814	11,952
Net income attributable to Inter Parfums, Inc.	$6,109	$3,815	$15,003	$35,511
Net income attributable to Inter Parfums, Inc. common shareholders:	'	'	'	'
Basic	$0.20	$0.12	$0.49	$1.16
Diluted	$0.20	$0.12	$0.48	$1.14
Weighted average number of shares outstanding:	'	'	'	'
Basic	30,938	30,748	30,919	30,717
Diluted	31,069	30,953	31,063	30,900
Dividends declared per share	$0.12	$0.12	$0.24	$0.24

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Comprehensive income:	'	'	'	'
Net income	$7,667	$4,521	$19,817	$47,463
Other comprehensive income:	'	'	'	'
Net derivative instrument loss, net of tax	'	-9	'	'
Reclassification of realized losses of derivatives into earnings	'	327	'	327
Translation adjustments, net of tax	-1,723	9,392	-3,120	-4,979
Comprehensive income	5,944	13,577	16,697	42,157
Comprehensive income attributable to the noncontrolling interests:	'	'	'	'
Net income	1,558	706	4,814	11,952
Other comprehensive income:	'	'	'	'
Net derivative instrument loss, net of tax	'	-5	'	'
Reclassification from OCI into earnings, net	'	-87	'	-87
Translation adjustments, net of tax	-1,032	2,889	-1,510	-1,098
Comprehensive income attributable to the noncontrolling interests	526	3,503	3,304	10,767
Comprehensive income attributable to Inter Parfums, Inc.	$5,418	$10,074	$13,393	$31,390

CONSOLIDATED_STATEMENTS_OF_CHA

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (USD $)	Total	Common stock [Member]	Additional paid-in capital [Member]	Retained earnings [Member]	Accumulated other comprehensive income [Member]	Treasury stock [Member]	Noncontrolling interest [Member]
In Thousands
Beginning Balance at Dec. 31, 2012	'	$31	$54,679	$349,672	$12,498	($35,404)	$118,505
Net income	47,463	'	'	35,511	'	'	11,952
Shares issued upon exercise of stock options	'	'	1,198	'	'	'	'
Shares received as proceeds of option exercises	'	'	'	'	'	'	'
Foreign currency translation adjustment	-4,979	'	'	'	-3,881	'	-1,098
Net derivative instrument loss, net of tax	'	'	'	'	-240	'	-87
Sale of subsidiary shares to noncontrolling interests	'	'	'	'	'	'	'
Dividends	'	'	'	-7,378	'	'	-8,341
Stock-based compensation	'	'	245	82	'	'	30
Ending Balance at Jun. 30, 2013	527,974	31	56,122	377,887	8,377	-35,404	120,961
Beginning Balance at Dec. 31, 2013	535,356	31	57,877	359,459	25,860	-36,016	128,145
Net income	19,817	'	'	15,003	'	'	4,814
Shares issued upon exercise of stock options	'	'	1,014	'	'	101	'
Shares received as proceeds of option exercises	'	'	'	'	'	-351	'
Foreign currency translation adjustment	-3,120	'	'	'	-3,120	'	-1,510
Net derivative instrument loss, net of tax	'	'	'	'	'	'	'
Sale of subsidiary shares to noncontrolling interests	'	'	-319	'	'	'	1,309
Dividends	'	'	'	-7,424	'	'	-4,667
Stock-based compensation	'	'	335	55	'	'	21
Ending Balance at Jun. 30, 2014	$540,617	$31	$58,907	$367,093	$22,740	($36,266)	$128,112

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:	'	'
Net income	$19,817	$47,463
Adjustments to reconcile net income to net cash used in operating activities:	'	'
Depreciation and amortization	5,143	6,003
Provision for doubtful accounts	37	118
Noncash stock compensation	457	421
Deferred tax provision	1,976	5,560
Changes in:	'	'
Accounts receivable	-17,157	24,181
Inventories	-9,049	29,212
Other assets	-1,336	876
Accounts payable and accrued expenses	-18,127	-39,465
Income taxes payable, net	6,799	-75,437
Net cash used in operating activities	-11,440	-1,068
Cash flows from investing activities:	'	'
Purchases of short-term investments	-233,794	-199,722
Proceeds from sale of short-term investments	198,968	79,098
Purchases of equipment and leasehold improvements	-1,144	-2,328
Proceeds from sale of equipment	'	2,801
Payment for intangible assets acquired	-704	-1,804
Net cash used in investing activities	-36,674	-121,955
Cash flows from financing activities:	'	'
Repayments of loans payable - banks, net	-5,836	-27,356
Proceeds from exercise of options	801	1,197
Proceeds from sale of stock of subsidiary	990	'
Dividends paid	-7,415	-6,137
Dividends paid to noncontrolling interest	-4,667	-8,341
Purchase of treasury stock	-37	'
Net cash used in financing activities	-16,164	-40,637
Effect of exchange rate changes on cash	-1,221	-1,558
Net decrease in cash and cash equivalents	-65,499	-165,218
Cash and cash equivalents - beginning of period	125,650	'
Cash and cash equivalents - end of period	60,151	'
Supplemental disclosure of cash flow information:	'	'
Interest	699	887
Income taxes	$6,453	$96,604

Significant_Accounting_Policie

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2014
Significant Accounting Policies [Abstract]	'
Significant Accounting Policies	'
		1	Significant Accounting Policies:
	The accounting policies we follow are set forth in the notes to our financial statements included in our Form 10-K, which was filed with the Securities and Exchange Commission for the year ended December 31, 2013. We also discuss such policies in Part I, Item 2, Management's Discussion and Analysis of Financial Condition and Results of Operations, included in this Form 10-Q.

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2014
Recent Accounting Pronouncements [Abstract]	'
Recent Accounting Pronouncements	'
		2	Recent Accounting Pronouncements:
	In May 2014, the Financial Accounting Standards Board ("FASB") issued an Accounting Standards Update which supersedes the most current revenue recognition requirements. The new revenue recognition standard requires entities to recognize revenue in a way that depicts the transfer of goods or services to customers in an amount that reflects the consideration which the entity expects to be entitled to in exchange for those goods or services. This guidance is effective for annual and interim reporting periods beginning after December 15, 2016, with early adoption not permitted. We are currently evaluating the standard to determine the impact of its adoption on our consolidated financial statements.
	There are no other recent accounting pronouncements issued but not yet adopted that would have a material effect on our consolidated financial statements.

Termination_of_Burberry_Licens

Termination of Burberry License	6 Months Ended
	Jun. 30, 2014
Termination of Burberry License [Abstract]	'
Termination of Burberry License	'
		3	Termination of Burberry License:
	Burberry exercised its option to buy-out the license rights effective December 31, 2012. In October 2012, the Company and Burberry entered into a transition agreement that provided for certain license rights and obligations to continue through March 31, 2013. The Company continued to operate certain aspects of the business for the brand including product development, testing, and distribution. The transition agreement provided for non-exclusivity for manufacturing, a cap on sales of Burberry products, a reduced advertising requirement and no minimum royalty amounts.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2014
Inventories [Abstract]	'
Inventories	'
		4	Inventories:
	Inventories consist of the following:
	(In thousands)		June 30,		December 31,
			2014		2013
	Raw materials and component parts		$	40,798	$	47,800
	Finished goods			84,732		69,547
			$	125,530	$	117,347

Fair_Value_Measurement

Fair Value Measurement	6 Months Ended
	Jun. 30, 2014
Fair Value Measurement [Abstract]	'
Fair Value Measurement	'
		5	Fair Value Measurement:
	The following tables present our financial assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value.
	(In thousands)				Fair Value Measurements at June 30, 2014
					Quoted Prices in		Significant Other		Significant
					Active Markets for		Observable		Unobservable
					Identical Assets		Inputs		Inputs
			Total		(Level 1)		(Level 2)		(Level 3)
	Assets:
	Short-term investments		$	214,637	$	-	$	214,637	$	-
	Liabilities:
	Foreign currency forward
	exchange contracts
	not accounted for using
	hedge accounting		$	117	$	-	$	117	$	-
	(In thousands)				Fair Value Measurements at December 31, 2013
					Quoted Prices in		Significant Other		Significant
					Active Markets for		Observable		Unobservable
					Identical Assets		Inputs		Inputs
			Total		(Level 1)		(Level 2)		(Level 3)
	Assets:
	Short-term investments		$	181,677	$	-	$	181,677	$	-
	Foreign currency forward
	exchange contracts
	not accounted for using
	hedge accounting			157		-		157		-
			$	181,834	$	-	$	181,834	$	-
	The carrying amount of cash and cash equivalents including money market funds, short-term investments, accounts receivable, other receivables, accounts payable and accrued expenses approximates fair value due to the short terms to maturity of these instruments. The carrying amount of loans payable approximates fair value as the interest rates on the Company's indebtedness approximate current market rates..
	Foreign currency forward exchange contracts are valued based on quotations from financial institutions.

Derivative_Financial_Instrumen

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2014
Derivative Financial Instruments [Abstract]	'
Derivative Financial Instruments	'
		6	Derivative Financial Instruments:
	The Company enters into foreign currency forward exchange contracts to hedge exposure related to receivables denominated in a foreign currency and occasionally to manage risks related to future sales expected to be denominated in a foreign currency. The Company had no cash flow hedges during the three and six months ended June 30, 2014 and 2013. Gains and losses in derivatives not designated as hedges are included in gain (loss) on foreign currency on the accompanying income statement and were immaterial for the three and six months ended June 30, 2014 and 2013.
	All derivative instruments are reported as either assets or liabilities on the balance sheet measured at fair value. The valuation of foreign currency forward exchange contracts not accounted for using hedge accounting as of June 30, 2014 resulted in a liability and is included in accrued expenses and, as of December 31, 2013, resulted in an asset and is included in other current assets on the accompanying balance sheets. Generally, increases or decreases in the fair value of derivative instruments will be recognized as gains or losses in earnings in the period of change. If the derivative instrument is designated and qualifies as a cash flow hedge, the changes in fair value of the derivative instrument will be recorded as a separate component of shareholders' equity.
	At June 30, 2014, we had foreign currency contracts in the form of forward exchange contracts in the amount of approximately U.S. $16.6 million, GB pounds £3.0 million and JPY ¥100.0 million which all have maturities of less than one year.

Accrued_Expenses

Accrued Expenses	6 Months Ended
	Jun. 30, 2014
Accrued Expenses [Abstract]	'
Accrued Expenses	'
	7	Accrued Expenses:
	Accrued expenses include approximately $10.3 million and $22.4 million in advertising liabilities as of June 30, 2014 and December 31, 2013, respectively.

ShareBased_Payments

Share-Based Payments	6 Months Ended
	Jun. 30, 2014
Share-Based Payments [Abstract]	'
Share-Based Payments	'
	8	Share-Based Payments:
	The Company maintains a stock option program for key employees, executives and directors. The plans, all of which have been approved by shareholder vote, provide for the granting of both nonqualified and incentive options. Options granted under the plans typically have a six year term and vest over a four to five-year period. The fair value of shares vested during the six months ended June 30, 2014 and 2013 aggregated $0.03 million and $0.04 million, respectively. Compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. It is generally our policy to issue new shares upon exercise of stock options.
	The following table sets forth information with respect to nonvested options for the six month period ended June 30, 2014:
			Number of Shares			Weighted Average Grant Date Fair Value
	Nonvested options - beginning of period			367,470		$	6.68
	Nonvested options granted			3,500		$	8.37
	Nonvested options vested or forfeited			(10,535	)	$	5.71
	Nonvested options - end of period			360,435		$	6.72
	Share-based payment expense decreased income before income taxes by $0.23 million and $0.46 million for the three and six month periods ended June 30, 2014, respectively, as compared to $0.21 million and $0.42 million for the corresponding periods of the prior year. Share-based payment expense decreased income attributable to Inter Parfums, Inc. by $0.15 million and $0.26 million for the three and six month periods ended June 30, 2014, respectively, as compared to $0.11 million and $0.23 million for the corresponding periods of the prior year.
	The following table summarizes stock option information as of June 30, 2014:
			Shares			Weighted Average
						Exercise Price
	Outstanding at January 1, 2014			643,595		$	19.58
	Options granted			3,500			32.12
	Options cancelled			(5,110	)		18.99
	Options exercised			(86,500	)		12.88
	Outstanding at June 30, 2014			555,485		$	20.7
	Options exercisable			195,050		$	14.3
	Options available for future grants			462,685
	As of June 30, 2014, the weighted average remaining contractual life of options outstanding is 3.55 years (2.23 years for options exercisable), the aggregate intrinsic value of options outstanding and options exercisable is $5.7 million and $3.0 million, respectively and unrecognized compensation cost related to stock options outstanding of Inter Parfums, Inc. aggregated $2.0 million. The amount of unrecognized compensation cost related to stock options outstanding of our majority-owned subsidiary, Interparfums SA, was $0.06 million. Options under Interparfums SA plans vest over a four-year period.
	Cash proceeds, tax benefits and intrinsic value related to stock options exercised during the six months ended June 30, 2014 and June 30, 2013 were as follows:
	(In thousands)		June 30,			June 30,
			2014			2013
	Cash proceeds from stock options exercised		$	801		$	1,197
	Tax benefits			--			275
	Intrinsic value of stock options exercised			1,568			1,785
	The weighted average fair values of the options granted by Inter Parfums, Inc. during the six months ended June 30, 2014 and 2013 were $8.37 and $6.17 per share, respectively, on the date of grant using the Black-Scholes option pricing model to calculate the fair value of options granted. The assumptions used in the Black-Scholes pricing model for the periods ended June 30, 2014 and 2013 are set forth in the following table:
			June 30,			June 30,
			2014			2013
	Weighted-average expected stock-price volatility			37	%		38	%
	Weighted-average expected option life			5 years			5 years
	Weighted-average risk-free interest rate			1.55	%		0.89	%
	Weighted-average dividend yield			2.8	%		2	%
	Expected volatility is estimated based on historic volatility of the Company's common stock. The expected term of the option is estimated based on historic data. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of the grant of the option and the dividend yield reflects the assumption that the dividend payout as authorized by the Board of Directors would increase as the earnings of the Company and its stock price increases.

Net_Income_Attributable_to_Int

Net Income Attributable to Inter Parfums, Inc. Common Shareholders	6 Months Ended
	Jun. 30, 2014
Net Income Attributable to Inter Parfums, Inc. Common Shareholders [Abstract]	'
Net Income Attributable to Inter Parfums, Inc. Common Shareholders	'
		9	Net Income Attributable to Inter Parfums, Inc. Common Shareholders:
	Net income attributable to Inter Parfums, Inc. per common share ("basic EPS") is computed by dividing net earnings attributable to Inter Parfums, Inc. by the weighted-average number of shares outstanding. Net earnings attributable to Inter Parfums, Inc. per share assuming dilution ("diluted EPS"), is computed using the weighted average number of shares outstanding, plus the incremental shares outstanding assuming the exercise of dilutive stock options using the treasury stock method.
	The reconciliation between the numerators and denominators of the basic and diluted EPS computations is as follows:
			Three months ended					Six months ended
			June 30,					June 30,
			2014		2013			2014		2013
	Numerator :
	Net income attributable to Inter Parfums, Inc.		$	6,109	$	3,815		$	15,003	$	35,511
	Effect of dilutive securities of
	consolidated subsidiary			-		(176	)		-		(176	)
	Numerator for diluted
	earnings per share		$	6,109	$	3,639		$	15,003	$	35,335
	Denominator:
	Weighted average shares			30,938		30,748			30,919		30,717
	Effect of dilutive securities:
	Stock options			131		205			144		183
	Denominator for diluted
	earnings per share			31,069		30,953			31,063		30,900
	Earning per share:
	Net income attributable to Inter Parfums, Inc.
	common shareholders:
	Basic		$	0.2	$	0.12		$	0.49	$	1.16
	Diluted			0.2		0.12			0.48		1.14
	Not included in the above computations is the effect of antidilutive potential common shares which consist of outstanding options to purchase 0.13 million shares and 0.07 million shares of common stock for the six months ended June 30, 2014 and 2013, respectively, and 0.13 million shares of common stock for the three months ended June 30, 2014.

Net_Income_Attributable_to_Int1

Net Income Attributable to Inter Parfums, Inc. and Transfers From the Noncontrolling Interest	6 Months Ended
	Jun. 30, 2014
Net Income Attributable to Inter Parfums, Inc. and Transfers from the Noncontrolling Interst [Abstract]	'
Net Income Attributable to Inter Parfums, Inc. and Transfers from the Noncontrolling Interest	'
		10	Net Income Attributable to Inter Parfums, Inc. and Transfers From the Noncontrolling Interest:
	(In thousands)		Three months ended				Six months ended
			June 30,				June 30,
			2014		2013		2014		2013
	Net income attributable to Inter Parfums, Inc.		$	6,109	$	3,815	$	15,003	$	35,511
	Decrease in Inter Parfums, Inc.'s additional paid-in capital for subsidiary share transactions			--		--		319		--
	Change from net income attributable to Inter Parfums, Inc. and transfers from noncontrolling interest		$	6,109	$	3,815	$	14,684	$	35,511

Segment_and_Geographic_Areas

Segment and Geographic Areas	6 Months Ended
	Jun. 30, 2014
Segment and Geographic Areas [Abstract]	'
Segment and Geographic Aeas	'
		11	Segment and Geographic Areas:
			The Company manufactures and distributes one product line, fragrances and fragrance related products. The Company manages its business in two segments, European based operations and United States based operations. The European assets are located, and operations are primarily conducted, in France. European operations primarily represent the sale of prestige brand name fragrances and United States operations primarily represent the sale of prestige brand and specialty retail fragrance and fragrance related products. Information on our operations by geographical areas is as follows:
	(In thousands)		Three months ended						Six months ended
			June 30,						June 30,
			2014			2013			2014			2013
	Net sales:
	United States		$	23,540		$	24,805		$	42,933		$	43,354
	Europe			94,673			92,778			197,049			287,981
	Eliminations			(21	)		(98	)		(59	)		(39	)
			$	118,192		$	117,485		$	239,923		$	331,296
	Net income attributable to Inter Parfums, Inc.:
	United States		$	1,405		$	1,541		$	1,338		$	2,203
	Europe			4,704			2,274			13,665			33,295
	Eliminations of intercompany profits			--			--			--			13
			$	6,109		$	3,815		$	15,003		$	35,511
			June 30,			December 31,
			2014			2013
	Total Assets:
	United States		$	79,909		$	76,980
	Europe			574,378			596,153
	Eliminations of investment in subsidiary			(9,153	)		(9,075	)
			$	645,134		$	664,058

Inventories_Tables

Inventories (Tables)	6 Months Ended
	Jun. 30, 2014
Inventories [Abstract]	'
Schedule of Inventories	'
	(In thousands)	June 30,		December 31,
		2014		2013
	Raw materials and component parts	$	40,798	$	47,800
	Finished goods		84,732		69,547
		$	125,530	$	117,347

Fair_Value_Measurement_Tables

Fair Value Measurement (Tables)	6 Months Ended
	Jun. 30, 2014
Fair Value Measurement [Abstract]	'
Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis	'
	(In thousands)			Fair Value Measurements at June 30, 2014
				Quoted Prices in		Significant Other		Significant
				Active Markets for		Observable		Unobservable
				Identical Assets		Inputs		Inputs
		Total		(Level 1)		(Level 2)		(Level 3)
	Assets:
	Short-term investments	$	214,637	$	-	$	214,637	$	-
	Liabilities:
	Foreign currency forward
	exchange contracts
	not accounted for using
	hedge accounting	$	117	$	-	$	117	$	-
	(In thousands)			Fair Value Measurements at December 31, 2013
				Quoted Prices in		Significant Other		Significant
				Active Markets for		Observable		Unobservable
				Identical Assets		Inputs		Inputs
		Total		(Level 1)		(Level 2)		(Level 3)
	Assets:
	Short-term investments	$	181,677	$	-	$	181,677	$	-
	Foreign currency forward
	exchange contracts
	not accounted for using
	hedge accounting		157		-		157		-
		$	181,834	$	-	$	181,834	$	-

ShareBased_Payments_Tables

Share-Based Payments (Tables)	6 Months Ended
	Jun. 30, 2014
Share-Based Payments [Abstract]	'
Schedule of Nonvested Option Activity	'
		Number of Shares			Weighted Average Grant Date Fair Value
	Nonvested options - beginning of period		367,470		$	6.68
	Nonvested options granted		3,500		$	8.37
	Nonvested options vested or forfeited		(10,535	)	$	5.71
	Nonvested options - end of period		360,435		$	6.72
Schedule of Stock Option Activity	'
		Shares			Weighted Average
					Exercise Price
	Outstanding at January 1, 2014		643,595		$	19.58
	Options granted		3,500			32.12
	Options cancelled		(5,110	)		18.99
	Options exercised		(86,500	)		12.88
	Outstanding at June 30, 2014		555,485		$	20.7
	Options exercisable		195,050		$	14.3
	Options available for future grants		462,685
Summary of Options Exercised	'
	(In thousands)	June 30,			June 30,
		2014			2013
	Cash proceeds from stock options exercised	$	801		$	1,197
	Tax benefits		--			275
	Intrinsic value of stock options exercised		1,568			1,785
Schedule of Assumptions Used to Estimate Fair Value of Stock Options	'
		June 30,			June 30,
		2014			2013
	Weighted-average expected stock-price volatility		37	%		38	%
	Weighted-average expected option life		5 years			5 years
	Weighted-average risk-free interest rate		1.55	%		0.89	%
	Weighted-average dividend yield		2.8	%		2	%

Net_Income_Attributable_to_Int2

Net Income Attributable to Inter Parfums, Inc. Common Shareholders (Tables)	6 Months Ended
	Jun. 30, 2014
Net Income Attributable to Inter Parfums, Inc. Common Shareholders [Abstract]	'
Computation of Basic and Diluted Earnings Per Share	'
		Three months ended					Six months ended
		June 30,					June 30,
		2014		2013			2014		2013
	Numerator :
	Net income attributable to Inter Parfums, Inc.	$	6,109	$	3,815		$	15,003	$	35,511
	Effect of dilutive securities of
	consolidated subsidiary		-		(176	)		-		(176	)
	Numerator for diluted
	earnings per share	$	6,109	$	3,639		$	15,003	$	35,335
	Denominator:
	Weighted average shares		30,938		30,748			30,919		30,717
	Effect of dilutive securities:
	Stock options		131		205			144		183
	Denominator for diluted
	earnings per share		31,069		30,953			31,063		30,900
	Earning per share:
	Net income attributable to Inter Parfums, Inc.
	common shareholders:
	Basic	$	0.2	$	0.12		$	0.49	$	1.16
	Diluted		0.2		0.12			0.48		1.14

Net_Income_Attributable_to_Int3

Net Income Attributable to Inter Parfums, Inc. and Transfers From the Noncontrolling Interest (Tables)	6 Months Ended
	Jun. 30, 2014
Net Income Attributable to Inter Parfums, Inc. and Transfers from the Noncontrolling Interst [Abstract]	'
Schedule of Net Income Attributable to Inter Parfums, Inc. and Transfers from the Noncontrolling Interest	'
	(In thousands)	Three months ended				Six months ended
		June 30,				June 30,
		2014		2013		2014		2013
	Net income attributable to Inter Parfums, Inc.	$	6,109	$	3,815	$	15,003	$	35,511
	Decrease in Inter Parfums, Inc.'s additional paid-in capital for subsidiary share transactions		--		--		319		--
	Change from net income attributable to Inter Parfums, Inc. and transfers from noncontrolling interest	$	6,109	$	3,815	$	14,684	$	35,511

Segment_and_Geographic_Areas_T

Segment and Geographic Areas (Tables)	6 Months Ended
	Jun. 30, 2014
Segment and Geographic Areas [Abstract]	'
Summary of Operations by Geographical Area	'
	(In thousands)	Three months ended						Six months ended
		June 30,						June 30,
		2014			2013			2014			2013
	Net sales:
	United States	$	23,540		$	24,805		$	42,933		$	43,354
	Europe		94,673			92,778			197,049			287,981
	Eliminations		(21	)		(98	)		(59	)		(39	)
		$	118,192		$	117,485		$	239,923		$	331,296
	Net income attributable to Inter Parfums, Inc.:
	United States	$	1,405		$	1,541		$	1,338		$	2,203
	Europe		4,704			2,274			13,665			33,295
	Eliminations of intercompany profits		--			--			--			13
		$	6,109		$	3,815		$	15,003		$	35,511
		June 30,			December 31,
		2014			2013
	Total Assets:
	United States	$	79,909		$	76,980
	Europe		574,378			596,153
	Eliminations of investment in subsidiary		(9,153	)		(9,075	)
		$	645,134		$	664,058

Inventories_Details

Inventories (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Inventories [Abstract]	'	'
Raw materials and component parts	$40,798	$47,800
Finished goods	84,732	69,547
Inventories	$125,530	$117,347

Fair_Value_Measurement_Details

Fair Value Measurement (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Assets:	'	'
Short-term investments	$214,637	$181,677
Foreign currency forward exchange contracts not accounted for using hedge accounting	'	157
Assets	'	181,834
Liabilities:	'	'
Foreign currency forward exchange contracts not accounted for using hedge accounting	117	'
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]	'	'
Assets:	'	'
Short-term investments	'	'
Foreign currency forward exchange contracts not accounted for using hedge accounting	'	'
Assets	'	'
Liabilities:	'	'
Foreign currency forward exchange contracts not accounted for using hedge accounting	'	'
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]	'	'
Assets:	'	'
Short-term investments	214,637	181,677
Foreign currency forward exchange contracts not accounted for using hedge accounting	'	157
Assets	'	181,834
Liabilities:	'	'
Foreign currency forward exchange contracts not accounted for using hedge accounting	117	'
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]	'	'
Assets:	'	'
Short-term investments	'	'
Foreign currency forward exchange contracts not accounted for using hedge accounting	'	'
Assets	'	'
Liabilities:	'	'
Foreign currency forward exchange contracts not accounted for using hedge accounting	'	'

Derivative_Financial_Instrumen1

Derivative Financial Instruments (Details) (Foreign exchange contracts [Member])	6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014
	USD ($)	GBP (£)	JPY (¥)
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'
Notional amount	$16.60	£ 3	¥ 100
Maximum maturity period	'1 year	'1 year	'1 year

Accrued_Expenses_Details

Accrued Expenses (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Accrued Expenses [Abstract]	'	'
Accrued advertising liabilities	$10.30	$22.40

ShareBased_Payments_Narrative_

Share-Based Payments (Narrative) (Details) (USD $)	3 Months Ended		6 Months Ended
In Millions, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Term of employee stock options	'	'	'6 years	'
Fair value of shares vested	'	'	$0.03	$0.04
Decrease in income before income tax due to share-based payment expense	0.23	0.21	0.46	0.42
Decrease in income attributable to Inter Parfums, Inc due to share-based payment expense	0.15	0.11	0.26	0.23
Weighted average remaining contractual life of options outstanding	'	'	'3 years 6 months 18 days	'
Weighted average remaining contractual life of options exercisable	'	'	'2 years 2 months 23 days	'
Aggregate intrinsic value of options outstanding	5.7	'	5.7	'
Aggregate intrinsic value of exercisable options	3	'	3	'
Unrecognized compensation cost related to stock options	2	'	2	'
Nonvested options granted	'	'	$8.37	$6.17
Minimum [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Vesting period	'	'	'4 years	'
Maximum [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Vesting period	'	'	'5 years	'
Interparfums SA [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Vesting period	'	'	'4 years	'
Unrecognized compensation cost related to stock options	$0.06	'	$0.06	'

ShareBased_Payments_Schedule_o

Share-Based Payments (Schedule of Nonvested Option Activity) (Details) (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Number of Shares	'	'
Nonvested options - beginning of period	367,470	'
Nonvested options granted	3,500	'
Nonvested options vested or forfeited	-10,535	'
Nonvested options - end of period	360,435	'
Weighted Average Grant Date Fair Value	'	'
Nonvested options - beginning of period	$6.68	'
Nonvested options granted	$8.37	$6.17
Nonvested options vested or forfeited	$5.71	'
Nonvested options - end of period	$6.72	'

ShareBased_Payments_Schedule_o1

Share-Based Payments (Schedule of Stock Option Activity) (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Shares	'
Outstanding, beginning balance	643,595
Options granted	3,500
Options cancelled	-5,110
Options exercised	-86,500
Outstanding, ending balance	555,485
Options exercisable	195,050
Options available for future grants	462,685
Weighted Average Exercise Price	'
Outstanding, beginning balance	$19.58
Options granted	$32.12
Options cancelled	$18.99
Options exercised	$12.99
Outstanding, ending balance	$20.70
Options exercisable	$14.30

ShareBased_Payments_Summary_of

Share-Based Payments (Summary of Stock Options Exercised) (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Share-Based Payments [Abstract]	'	'
Cash proceeds from stock options exercised	$801	$1,197
Tax benefits	'	275
Intrinsic value of stock options exercised	$1,568	$1,785

ShareBased_Payments_Schedule_o2

Share-Based Payments (Schedule of Assumptions Used to Estimate Fair Value of Stock Options) (Details)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Share-Based Payments [Abstract]	'	'
Weighted-average expected stock-price volatility	37.00%	38.00%
Weighted-average expected option life	'5 years	'5 years
Weighted-average risk-free interest rate	1.55%	0.89%
Weighted-average dividend yield	2.80%	2.00%

Net_Income_Attributable_to_Int4

Net Income Attributable to Inter Parfums, Inc. Common Shareholders (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Numerator:	'	'	'	'
Net income attributable to Inter Parfums, Inc.	$6,109	$3,815	$15,003	$35,511
Effect of dilutive securities of consolidated subsidiary	'	-176	'	-176
Numerator for diluted earnings per share	$6,109	$3,639	$15,003	$35,335
Denominator:	'	'	'	'
Weighted average shares	30,938,000	30,748,000	30,919,000	30,717,000
Effect of dilutive securities, stock options	131,000	205,000	144,000	183,000
Denominator for diluted earnings per share	31,069,000	30,953,000	31,063,000	30,900,000
Earnings per share:	'	'	'	'
Basic	$0.20	$0.12	$0.49	$1.16
Diluted	$0.20	$0.12	$0.48	$1.14
Antidilutive potential common shares excluded from computation of earnings per share	130,000	'	130,000	70,000

Net_Income_Attributable_to_Int5

Net Income Attributable to Inter Parfums, Inc. and Transfers From the Noncontrolling Interest (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Net Income Attributable to Inter Parfums, Inc. and Transfers from the Noncontrolling Interst [Abstract]	'	'	'	'
Net income attributable to Inter Parfums, Inc.	$6,109	$3,815	$15,003	$35,511
Decrease in Inter Parfums, Inc.?s additional paid-in capital for subsidiary share transactions	'	'	319	'
Change from net income attributable to Inter Parfums, Inc. and transfers from noncontrolling interest	$6,109	$3,815	$14,684	$35,511

Segment_and_Geographic_Areas_D

Segment and Geographic Areas (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Segment Reporting Information [Line Items]	'	'	'	'	'
Net sales	$118,192	$117,485	$239,923	$331,296	'
Net income attributable to Inter Parfums, Inc.	6,109	3,815	15,003	35,511	'
Total Assets	645,134	'	645,134	'	664,058
Eliminations [Member]	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'
Net sales	-21	-98	-59	-39	'
Net income attributable to Inter Parfums, Inc.	'	'	'	13	'
Total Assets	-9,153	'	-9,153	'	-9,075
United States [Member]	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'
Net sales	23,540	24,805	42,933	43,354	'
Net income attributable to Inter Parfums, Inc.	1,405	1,541	1,338	2,203	'
Total Assets	79,909	'	79,909	'	76,980
Europe [Member]	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'
Net sales	94,673	92,778	197,049	287,981	'
Net income attributable to Inter Parfums, Inc.	4,704	2,274	13,665	33,295	'
Total Assets	$574,378	'	$574,378	'	$596,153