Inter Parfums (IPAR) 10-Q 11 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	8-May-15
Document and Entity Information [Abstract]
Entity Registrant Name	INTER PARFUMS INC
Entity Central Index Key	822663
Amendment Flag	FALSE
Document Type	10-Q
Document Period End Date	31-Mar-15
Current Fiscal Year End Date	-19
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Common Stock, Shares Outstanding		30,983,441

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Current assets:
Cash and cash equivalents	$87,242	$90,138
Short-term investments	155,938	190,152
Accounts receivable, net	96,387	90,124
Inventories	104,554	102,326
Receivables, other	1,473	1,542
Other current assets	4,665	4,504
Income taxes receivable	333	929
Deferred tax assets	6,953	6,848
Total current assets	457,545	486,563
Equipment and leasehold improvements, net	8,253	9,187
Trademarks, licenses and other intangible assets, net	88,012	98,531
Other assets	9,953	10,225
Total assets	563,763	604,506
Current liabilities:
Loans payable - banks	425	298
Accounts payable - trade	53,373	46,646
Accrued expenses	38,678	49,194
Income taxes payable	5,466	3,773
Dividends payable	4,028	3,717
Total current liabilities	101,970	103,628
Deferred tax liability	1,894	2,154
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 30,982,101 and 30,977,293 shares at March 31, 2015 and December 31, 2014, respectively	31	31
Additional paid-in capital	60,470	60,200
Retained earnings	380,100	374,121
Accumulated other comprehensive income (loss)	-51,059	-15,823
Treasury stock, at cost, 9,897,995 shares at March 31, 2015 and December 31, 2014, respectively	-36,464	-36,464
Total Inter Parfums, Inc. shareholders' equity	353,078	382,065
Noncontrolling interest	106,821	116,659
Total equity	459,899	498,724
Total liabilities and equity	$563,763	$604,506

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
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	30,982,101	30,977,293
Treasury shares, shares	9,897,995	9,897,995

CONSOLIDATED_STATEMENTS_OF_INC

CONSOLIDATED STATEMENTS OF INCOME (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
CONSOLIDATED STATEMENTS OF INCOME [Abstract]
Net sales	$109,249	$121,730
Cost of sales	41,639	52,500
Gross margin	67,610	69,230
Selling, general and administrative expenses	46,544	51,807
Income from operations	21,066	17,423
Other expenses (income):
Interest expense	158	273
Loss (gain) on foreign currency	2,006	-49
Interest and dividend income	-1,196	-1,111
Other expenses (income)	968	-887
Income before income taxes	20,098	18,310
Income taxes	6,793	6,160
Net income	13,305	12,150
Less: Net income attributable to the noncontrolling interest	3,298	3,256
Net income attributable to Inter Parfums, Inc.	$10,007	$8,894
Net income attributable to Inter Parfums, Inc. common shareholders:
Basic	$0.32	$0.29
Diluted	$0.32	$0.29
Weighted average number of shares outstanding:
Basic	30,979	30,900
Diluted	31,072	31,058
Dividends declared per share	$0.13	$0.12

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Comprehensive income (loss):
Net income	$13,305	$12,150
Other comprehensive income (loss):
Net derivative instrument loss, net of tax	-608
Translation adjustments, net of tax	-47,868	-1,397
Comprehensive income (loss)	-35,171	10,753
Comprehensive income (loss) attributable to the noncontrolling interests:
Net income	3,298	3,256
Other comprehensive income (loss):
Net derivative instrument loss, net of tax	-165
Translation adjustments, net of tax	-13,075	-478
Comprehensive income (loss) attributable to the noncontrolling interests	-9,942	2,778
Comprehensive income (loss) attributable to Inter Parfums, Inc.	($25,229)	$7,975

CONSOLIDATED_STATEMENTS_OF_CHA

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (USD $)	Total	Common stock [Member]	Additional paid-in capital [Member]	Retained earnings [Member]	Accumulated other comprehensive income (loss) [Member]	Treasury stock [Member]	Noncontrolling interest [Member]
In Thousands
Balance at Dec. 31, 2013		$31	$57,877	$359,459	$25,860	($36,016)	$128,145
Net income	12,150			8,894			3,256
Foreign currency translation adjustment					-919		-478
Net derivative instrument loss, net of tax
Shares issued upon exercise of stock options			908			101
Shares received as proceeds of option exercises						-351
Sale of subsidiary shares to noncontrolling interest			-319				1,309
Dividends				-3,712
Stock-based compensation			168	29			10
Balance at Mar. 31, 2014	544,252	31	58,634	364,670	24,941	-36,266	132,242
Balance at Dec. 31, 2014	498,724	31	60,200	374,121	-15,823	-36,464	116,659
Net income	13,305			10,007			3,298
Foreign currency translation adjustment					-34,793		-13,075
Net derivative instrument loss, net of tax					-443		-165
Shares issued upon exercise of stock options			82
Shares received as proceeds of option exercises
Sale of subsidiary shares to noncontrolling interest			-6				104
Dividends				-4,028
Stock-based compensation			194
Balance at Mar. 31, 2015	$459,899	$31	$60,470	$380,100	($51,059)	($36,464)	$106,821

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities:
Net income	$13,305	$12,150
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	2,228	2,545
Provision for doubtful accounts	47	8
Noncash stock compensation	194	230
Deferred tax expense (benefit)	-503	447
Changes in:
Accounts receivable	-14,397	-20,927
Inventories	-11,679	-850
Other assets	-1,564	-1,821
Accounts payable and accrued expenses	8,480	-17,616
Income taxes, net	2,578	-1,425
Net cash used in operating activities	-1,311	-27,259
Cash flows from investing activities:
Purchases of short-term investments	-56,437	-142,110
Proceeds from sale of short-term investments	69,593	96,146
Purchases of equipment and leasehold improvements	-687	-709
Payment for intangible assets acquired	-774	-522
Net cash provided by (used in) investing activities	11,695	-47,195
Cash flows from financing activities:
Proceeds from (repayments of) loans payable - banks, net	168	-2,866
Proceeds from exercise of options	82	695
Proceeds from sale of stock of subsidiary	98	990
Dividends paid	-3,717	-3,704
Purchase of treasury stock		-37
Net cash used in financing activities	-3,369	-4,922
Effect of exchange rate changes on cash	-9,911	-680
Net decrease in cash and cash equivalents	-2,896	-80,056
Cash and cash equivalents - beginning of period	90,138	125,650
Cash and cash equivalents - end of period	87,242	45,594
Cash paid for:
Interest	168	248
Income taxes	$7,365	$5,086

Significant_Accounting_Policie

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2015
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, 2014. 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	3 Months Ended
	Mar. 31, 2015
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.

New_Agreements

New Agreements	3 Months Ended
	Mar. 31, 2015
New Agreements [Abstract]
New Agreements		3	New Agreements:
	In March 2015, the Company, through its majority owned Paris-based subsidiary, Interparfums SA, entered into an agreement with The Procter & Gamble Company to acquire the Rochas brand. This transaction will cover all brand names and registered trademarks for Rochas (Femme, Madame, Eau de Rochas, etc.), mainly for class 3 (cosmetics) and class 25 (fashion). The cost of the acquisition of $108 million is payable in cash on the closing date and is expected to be financed entirely through a medium term loan. This transaction is expected to be completed within the first half of 2015, subject to customary closing conditions.
	In April 2015, the Company, through its majority owned Paris-based subsidiary, Interparfums SA, entered into an 11-year exclusive worldwide license with Coach, Inc. to create, produce and distribute new perfumes and fragrance related products, including new men's and women's scents under the Coach brand name. Interparfums SA will distribute these fragrances globally to department stores, specialty stores and duty free shops, as well as in Coach retail stores beginning in 2016. The agreement is subject to certain minimum sales, advertising expenditures and royalty payments as are customary in our industry.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2015
Inventories [Abstract]
Inventories		4	Inventories:
	Inventories consist of the following:
	(In thousands)		March 31,		December 31,
			2015		2014
	Raw materials and component parts		$	31,282	$	36,383
	Finished goods			73,272		65,943
			$	104,554	$	102,326

Fair_Value_Measurement

Fair Value Measurement	3 Months Ended
	Mar. 31, 2015
Fair Value of Financial Instruments [Abstract]
Fair Value of Financial Instruments		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 March 31, 2015
					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		$	155,938	$	—	$	155,938	$	—
	Liabilities:
	Foreign currency forward exchange contracts accounted for using hedge		$	981	$	—	$	981	$	—
	accounting
	Foreign currency forward exchange contracts not accounted for using hedge			1,241		—		1,241		—
	accounting
			$	2,222	$	—	$	2,222	$	—
					Fair Value Measurements at December 31, 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		$	190,152	$	—	$	190,152	$	—
	Liabilities:
	Foreign currency forward exchange contracts not accounted for using hedge		$	355	$	—	$	355	$	—
	accounting
	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	3 Months Ended
	Mar. 31, 2015
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 transactions expected to be denominated in a foreign currency. In connection with the Rochas acquisition, the purchase price of $108 million is payable in cash on the closing date and is expected to be financed entirely through a medium term loan. As the payment at closing is due in dollars and we plan to finance it with debt in euro, the Company entered into foreign currency exchange contracts to secure the exchange rate for the $108 million purchase price at $1.067 per 1 euro. This derivative has been designated and qualifies as a cash flow hedge. The Company did not have any other cash flow hedges during the three months ended March 31, 2015 and 2014. Gains and losses in derivatives not designated as hedges are included in (loss) gain on foreign currency on the accompanying income statement and were immaterial for the three months ended March 31, 2015 and 2014.
	All derivative instruments are reported as either assets or liabilities on the balance sheet measured at fair value. The valuation of all foreign currency forward exchange contracts as of March 31, 2015 and December 31, 2014 resulted in a liability that is included in accrued expenses 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 change in fair value of the derivative instrument is recorded as a separate component of shareholders' equity.
	At March 31, 2015, we had foreign currency contracts in the form of forward exchange contracts in the amount of approximately U.S. $126.7 million, GB pounds £2.2 million and JPY ¥220.7 million which all have maturities of less than one year.

ShareBased_Payments

Share-Based Payments	3 Months Ended
	Mar. 31, 2015
Share-Based Payments [Abstract]
Share-Based Payments		7	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 both the three months ended March 31, 2015 and 2014 aggregated $0.03 million. 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 three month period ended March 31, 2015:
						Weighted Average
			Number of Shares			Grant Date Fair Value
	Nonvested options – beginning of period			385,505		$	7.14
	Nonvested options granted			14,000		$	6.73
	Nonvested options vested or forfeited			(7,085	)	$	6.39
	Nonvested options – end of period			392,420		$	7.14
	Share-based payment expense decreased income before income taxes by $0.19 million and $0.23 million for the three months ended March 31, 2015 and 2014, respectively, and decreased net income attributable to Inter Parfums, Inc. by $0.12 million and $0.11 million for the three months ended March 31, 2015 and 2014, respectively.
	The following table summarizes stock option information as of March 31, 2015:
						Weighted Average
			Shares			Exercise Price
	Outstanding at January 1, 2015			639,495		$	23.19
	Options granted			14,000			25.67
	Options cancelled			(2,170	)		25.49
	Options exercised			(4,808	)		17.14
	Outstanding at March 31, 2015			646,517		$	23.28
	Options exercisable			254,097		$	18.5
	Options available for future grants			316,705
	As of March 31, 2015, the weighted average remaining contractual life of options outstanding is 3.69 years (2.39 years for options exercisable), the aggregate intrinsic value of options outstanding and options exercisable is $6.4 million and $3.7 million, respectively, and unrecognized compensation cost related to stock options outstanding of Inter Parfums, Inc. aggregated $2.5 million.
	Cash proceeds, tax benefits and intrinsic value related to stock options exercised during the three months ended March 31, 2015 and March 31, 2014 were as follows:
			March 31,			March 31,
	(In thousands)		2015			2014
	Cash proceeds from stock options exercised		$	82		$	695
	Tax benefits			0			0
	Intrinsic value of stock options exercised			66			1,455
	The weighted average fair values of the options granted by Inter Parfums, Inc. during the three months ended March 31, 2015 and 2014 were $6.73 and $8.37 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 March 31, 2015 and 2014 are set forth in the following table:
			March 31,			March 31,
			2015			2014
	Weighted average expected stock-price volatility			34	%		37	%
	Weighted average expected option life			5 years			5 years
	Weighted average risk-free interest rate			1.28	%		1.55	%
	Weighted average dividend yield			1.8	%		2.8	%
	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 continue to increase.

Net_Income_Attributable_to_Int

Net Income Attributable to Inter Parfums, Inc. Common Shareholders	3 Months Ended
	Mar. 31, 2015
Net Income Attributable to Inter Parfums, Inc. Common Shareholders [Abstract]
Net Income Attributable to Inter Parfums, Inc. Common Shareholders		8	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:
	(In thousands, except per share data)		March 31,
			2015		2014
	Numerator:
	Net income attributable to Inter Parfums, Inc.		$	10,007	$	8,894
	Denominator:
	Weighted average shares			30,979		30,900
	Effect of dilutive securities:
	Stock options			93		158
	Denominator for diluted earnings per share			31,072		31,058
	Earnings per share:
	Net income attributable to Inter Parfums, Inc. common shareholders:
	Basic		$	0.32	$	0.29
	Diluted			0.32		0.29
	Not included in the above computations is the effect of antidilutive potential common shares which consist of outstanding options to purchase 0.27 million and 0.13 million shares of common stock for the three months ended March 31, 2015 and 2014, respectively.

Segments_and_Geographic_Areas

Segments and Geographic Areas	3 Months Ended
	Mar. 31, 2015
Segments and Geographic Areas [Abstract]
Segments and Geographic Areas		9	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 name and specialty retail fragrance. Information on our operations by geographical areas is as follows:
	(In thousands)		Three months ended
			March 31,
			2015			2014
	Net sales:
	United States		$	22,479		$	19,392
	Europe			86,787			102,376
	Eliminations			(17	)		(38	)
			$	109,249		$	121,730
	Net income attributable to Inter Parfums, Inc.:
	United States		$	1,109		$	(67	)
	Europe			8,898			8,961
	Eliminations			—			—
			$	10,007		$	8,894
			March 31,			March 31,
			2015			2014
	Total Assets:
	United States		$	75,648		$	71,014
	Europe			497,294			589,481
	Eliminations of investment in subsidiary			(9,179	)		(9,217	)
			$	563,763		$	651,278

Accrued_Expenses

Accrued Expenses	3 Months Ended
	Mar. 31, 2015
Accrued Expenses [Abstract]
Accrued Expenses		10	Accrued Expenses:
			Accrued expenses include approximately $8.4 million and $16.5 million in advertising liabilities as of March 31, 2015 and December 31, 2014, respectively.

Inventories_Tables

Inventories (Tables)	3 Months Ended
	Mar. 31, 2015
Inventories [Abstract]
Schedule of Inventories	(In thousands)	March 31,		December 31,
		2015		2014
	Raw materials and component parts	$	31,282	$	36,383
	Finished goods		73,272		65,943
		$	104,554	$	102,326

Fair_Value_Measurement_Tables

Fair Value Measurement (Tables)	3 Months Ended
	Mar. 31, 2015
Fair Value of Financial Instruments [Abstract]
Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
	(In thousands)			Fair Value Measurements at March 31, 2015
				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	$	155,938	$	—	$	155,938	$	—
	Liabilities:
	Foreign currency forward exchange contracts accounted for using hedge	$	981	$	—	$	981	$	—
	accounting
	Foreign currency forward exchange contracts not accounted for using hedge		1,241		—		1,241		—
	accounting
		$	2,222	$	—	$	2,222	$	—
				Fair Value Measurements at December 31, 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	$	190,152	$	—	$	190,152	$	—
	Liabilities:
	Foreign currency forward exchange contracts not accounted for using hedge	$	355	$	—	$	355	$	—
	accounting

ShareBased_Payments_Tables

Share-Based Payments (Tables)	3 Months Ended
	Mar. 31, 2015
Equity [Abstract]
Schedule of Nonvested Option Activity					Weighted Average
		Number of Shares			Grant Date Fair Value
	Nonvested options – beginning of period		385,505		$	7.14
	Nonvested options granted		14,000		$	6.73
	Nonvested options vested or forfeited		(7,085	)	$	6.39
	Nonvested options – end of period		392,420		$	7.14
Schedule of Stock Option Activity					Weighted Average
		Shares			Exercise Price
	Outstanding at January 1, 2015		639,495		$	23.19
	Options granted		14,000			25.67
	Options cancelled		(2,170	)		25.49
	Options exercised		(4,808	)		17.14
	Outstanding at March 31, 2015		646,517		$	23.28
	Options exercisable		254,097		$	18.5
	Options available for future grants		316,705
Summary of Options Exercised		March 31,			March 31,
	(In thousands)	2015			2014
	Cash proceeds from stock options exercised	$	82		$	695
	Tax benefits		0			0
	Intrinsic value of stock options exercised		66			1,455
Schedule of Assumptions Used to Estimate Fair Value of Stock Options		March 31,			March 31,
		2015			2014
	Weighted average expected stock-price volatility		34	%		37	%
	Weighted average expected option life		5 years			5 years
	Weighted average risk-free interest rate		1.28	%		1.55	%
	Weighted average dividend yield		1.8	%		2.8	%

Net_Income_Attributable_to_Int1

Net Income Attributable to Inter Parfums, Inc Common Shareholders (Tables)	3 Months Ended
	Mar. 31, 2015
Net Income Attributable to Inter Parfums, Inc. Common Shareholders [Abstract]
Computation of Basic and Diluted Earnings Per Share	(In thousands, except per share data)	March 31,
		2015		2014
	Numerator:
	Net income attributable to Inter Parfums, Inc.	$	10,007	$	8,894
	Denominator:
	Weighted average shares		30,979		30,900
	Effect of dilutive securities:
	Stock options		93		158
	Denominator for diluted earnings per share		31,072		31,058
	Earnings per share:
	Net income attributable to Inter Parfums, Inc. common shareholders:
	Basic	$	0.32	$	0.29
	Diluted		0.32		0.29

Segments_and_Geographic_Areas_

Segments and Geographic Areas (Tables)	3 Months Ended
	Mar. 31, 2015
Segments and Geographic Areas [Abstract]
Summary of Operations by Geographical Area	(In thousands)	Three months ended
		March 31,
		2015			2014
	Net sales:
	United States	$	22,479		$	19,392
	Europe		86,787			102,376
	Eliminations		(17	)		(38	)
		$	109,249		$	121,730
	Net income attributable to Inter Parfums, Inc.:
	United States	$	1,109		$	(67	)
	Europe		8,898			8,961
	Eliminations		—			—
		$	10,007		$	8,894
		March 31,			March 31,
		2015			2014
	Total Assets:
	United States	$	75,648		$	71,014
	Europe		497,294			589,481
	Eliminations of investment in subsidiary		(9,179	)		(9,217	)
		$	563,763		$	651,278

New_Agreements_Details

New Agreements (Details) (USD $)	1 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Apr. 30, 2015
Rochas brand [Member]
New Agreements [Line Items]
Cost of the acquisition	$108
Coach, Inc [Member] | Subsequent Event [Member]
New Agreements [Line Items]
License agreement term		11 years

Inventories_Details

Inventories (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Inventories [Abstract]
Raw materials and component parts	$31,282	$36,383
Finished goods	73,272	65,943
Inventories	$104,554	$102,326

Fair_Value_Measurement_Details

Fair Value Measurement (Details) (Fair Value, Measurements, Recurring [Member], USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Assets:
Short-term investments	$155,938	$190,152
Liabilities:
Foreign currency forward exchange contracts	2,222
Accounted for using hedge accounting
Liabilities:
Foreign currency forward exchange contracts	981
Not accounted for using hedge accounting
Liabilities:
Foreign currency forward exchange contracts	1,241	355
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets:
Short-term investments
Liabilities:
Foreign currency forward exchange contracts
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Accounted for using hedge accounting
Liabilities:
Foreign currency forward exchange contracts
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Not accounted for using hedge accounting
Liabilities:
Foreign currency forward exchange contracts
Significant Other Observable Inputs (Level 2) [Member]
Assets:
Short-term investments	155,938	190,152
Liabilities:
Foreign currency forward exchange contracts	2,222
Significant Other Observable Inputs (Level 2) [Member] | Accounted for using hedge accounting
Liabilities:
Foreign currency forward exchange contracts	981
Significant Other Observable Inputs (Level 2) [Member] | Not accounted for using hedge accounting
Liabilities:
Foreign currency forward exchange contracts	1,241	355
Significant Unobservable Inputs (Level 3) [Member]
Assets:
Short-term investments
Liabilities:
Foreign currency forward exchange contracts
Significant Unobservable Inputs (Level 3) [Member] | Accounted for using hedge accounting
Liabilities:
Foreign currency forward exchange contracts
Significant Unobservable Inputs (Level 3) [Member] | Not accounted for using hedge accounting
Liabilities:
Foreign currency forward exchange contracts

Derivative_Financial_Instrumen1

Derivative Financial Instruments (Details) (Foreign currency forward exchange contracts [Member])	3 Months Ended
In Millions, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2015	Mar. 31, 2015	Mar. 31, 2015
	USD ($)	GBP (£)	JPY (¥)	Rochas brand [Member]
				USD ($)
Derivative Financial Instruments [Line Items]
Purchase price				$108
Notional amount	$126.70	£ 2.2	¥ 220.7	$108
Exchange rate (in dollars per share)				$1.07
Maximum maturity period	1 year	1 year	1 year

ShareBased_Payments_Narrative_

Share-Based Payments (Narrative) (Details) (USD $)	3 Months Ended
In Millions, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of employee stock options	6 years
Employee stock options, fair value of shares vested	$0.03	$0.03
Decrease in income before income tax due to share-based payment expense	0.19	0.23
Decrease in income attributable to Inter Parfums, Inc due to share-based payment expense	0.12	0.11
Weighted average remaining contractual life of options outstanding	3 years 8 months 8 days
Weighted average remaining contractual life of options exercisable	2 years 4 months 20 days
Aggregate intrinsic value of options outstanding	6.4
Aggregate intrinsic value of options exercisable	3.7
Unrecognized compensation cost related to stock options	$2.50
Weighted average grant date fair value	$6.73	$8.37
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

ShareBased_Payments_Schedule_o

Share-Based Payments (Schedule of Nonvested Option Activity) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Nonvested Options, Number of Shares
Beginning of period	385,505
Granted	14,000
Vested or forfeited	-7,085
End of period	392,420
Weighted Average Grant Date Fair Value
Beginning of period	$7.14
Granted	$6.73	$8.37
Vested or forfeited	$6.39
End of period	$7.14

ShareBased_Payments_Schedule_o1

Share-Based Payments (Schedule of Stock Option Activity) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
Shares
Outstanding, beginning balance	639,495
Options granted	14,000
Options cancelled	-2,170
Options exercised	-4,808
Outstanding, ending balance	646,517
Options exercisable	254,097
Options available for future grants	316,705
Weighted Average Exercise Price
Outstanding, beginning balance	$23.19
Options granted	$25.67
Options cancelled	$25.49
Options exercised	$17.14
Outstanding, ending balance	$23.28
Options exercisable	$18.50

ShareBased_Payments_Summary_of

Share-Based Payments (Summary of Stock Options Exercised) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Equity [Abstract]
Cash proceeds from stock options exercised	$82	$695
Tax benefits	0	0
Intrinsic value of stock options exercised	$66	$1,455

ShareBased_Payments_Schedule_o2

Share-Based Payments (Schedule of Assumptions Used to Estimate Fair Value of Stock Options) (Details)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Equity [Abstract]
Weighted-average expected stock-price volatility	34.00%	37.00%
Weighted-average expected option life	5 years	5 years
Weighted-average risk-free interest rate	1.28%	1.55%
Weighted-average dividend yield	1.80%	2.80%

Net_Income_Attributable_to_Int2

Net Income Attributable to Inter Parfums, Inc Common Shareholders (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Numerator:
Net income attributable to Inter Parfums, Inc.	$10,007	$8,894
Denominator:
Weighted average shares	30,979,000	30,900,000
Effect of dilutive securities: Stock options	93,000	158,000
Denominator for diluted earnings per share	31,072,000	31,058,000
Earnings per share:
Basic	$0.32	$0.29
Diluted	$0.32	$0.29
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially antidilutive common shares	270,000	130,000

Segment_and_Geographic_Areas_O

Segment and Geographic Areas (Operations by Geographical Areas) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Net sales	$109,249	$121,730
Net income attributable to Inter Parfums, Inc.	10,007	8,894
Total assets	563,763	651,278	604,506
United States [Member]
Segment Reporting Information [Line Items]
Net sales	22,479	19,392
Net income attributable to Inter Parfums, Inc.	1,109	-67
Total assets	75,648	71,014
Europe [Member]
Segment Reporting Information [Line Items]
Net sales	86,787	102,376
Net income attributable to Inter Parfums, Inc.	8,898	8,961
Total assets	497,294	589,481
Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	-17	-38
Net income attributable to Inter Parfums, Inc.
Total assets	($9,179)	($9,217)

Accrued_Expenses_Details

Accrued Expenses (Details) (USD $)	Mar. 31, 2015	Mar. 31, 2014
In Millions, unless otherwise specified
Accrued Expenses [Abstract]
Accrued advertising liabilities	$8.40	$16.50