Inter Parfums (IPAR) 10-K 28 Feb 23 2022 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2022	Feb. 28, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	0-16469
Entity Registrant Name	Inter Parfums, Inc.
Entity Central Index Key	0000822663
Entity Tax Identification Number	13-3275609
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	551 Fifth Avenue
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10176
City Area Code	212
Local Phone Number	983.2640
Title of 12(b) Security	Common Stock, $.001 par value per share
Trading symbol	IPAR
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 1,274,342,976
Entity Common Stock, Shares Outstanding		32,109,360
ICFR Auditor Attestation Flag	true
Auditor Firm ID	339
Auditor Name	Mazars USA LLP
Auditor Location	New York, New York

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 104,713	$ 159,613
Short-term investments	150,833	160,014
Accounts receivable, net	197,584	159,281
Inventories	289,984	198,914
Receivables, other	28,803	10,308
Other current assets	15,650	21,375
Income taxes receivable	157	210
Total current assets	787,724	709,715
Property, equipment and leasehold improvements, net	166,722	149,352
Right-of-use assets, net	27,964	33,728
Trademarks, licenses and other intangible assets, net	290,853	214,047
Deferred tax assets	11,159	7,936
Other assets	24,120	30,586
Total assets	1,308,542	1,145,364
Current liabilities:
Current portion of long-term debt	28,547	15,911
Current portion of lease liabilities	5,296	6,014
Accounts payable - trade	88,388	81,980
Accrued expenses	213,621	136,677
Income taxes payable	8,715	4,328
Total current liabilities	344,567	244,910
Long–term debt, less current portion	151,494	132,902
Lease liabilities, less current portion	24,335	29,220
Inter Parfums, Inc. shareholders’ equity:
Preferred stock, $0.001 par value. Authorized 1,000,000 shares: none issued
Common stock, $0.001 par value. Authorized 100,000,000 shares: outstanding, 31,967,300 and 31,830,420 shares on December 31, 2022, and 2021, respectively	32	32
Additional paid-in capital	90,186	87,132
Retained earnings	620,095	560,663
Accumulated other comprehensive loss	(56,056)	(38,432)
Treasury stock, at cost, 9,864,805 common shares on December 31, 2022, and 2021	(37,475)	(37,475)
Total Inter Parfums, Inc. shareholders’ equity	616,782	571,920
Noncontrolling interest	171,364	166,412
Total equity	788,146	738,332
Total liabilities and equity	$ 1,308,542	$ 1,145,364

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred stock, authorized	1,000,000	1,000,000
Preferred stock, issued	0	0
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common stock, authorized	100,000,000	100,000,000
Common stock, outstanding	31,967,300	31,830,420
Treasury Stock, Shares	9,864,805	9,864,805

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Net sales	$ 1,086,653	$ 879,516	$ 539,009
Cost of sales	392,231	322,614	208,278
Gross margin	694,422	556,902	330,731
Selling, general, and administrative expenses	492,370	406,459	260,648
Impairment loss	7,749	2,393
Income from operations	194,303	148,050	70,083
Other expenses (income):
Interest expense	3,599	2,825	1,970
Loss (gain) on foreign currency	1,921	(2,338)	2,178
Interest and investment income	(5,486)	(3,403)	(2,865)
Other loss (income)	49	(53)	(549)
Nonoperating Income (Expense)	83	(2,969)	734
Income before income taxes	194,219	151,019	69,349
Income taxes	43,182	40,992	19,381
Net income	151,037	110,027	49,968
Less: Net income attributable to the noncontrolling interest	30,099	22,616	11,749
Net income attributable to Inter Parfums, Inc.	$ 120,938	$ 87,411	$ 38,219
Net income attributable to Inter Parfums, Inc. common shareholders:
Basic	$ 3.80	$ 2.76	$ 1.21
Diluted	$ 3.78	$ 2.75	$ 1.21
Weighted average number of shares outstanding:
Basic	31,859,417	31,676,796	31,536,659
Diluted	31,988,753	31,835,408	31,654,544
Dividends declared per share	$ 2	$ 1	$ 0.33

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Net income	$ 151,037	$ 110,027	$ 49,968
Other comprehensive income:
Net derivative instrument income (loss),  net of tax	2,356	(1,367)	(19)
Transfer of OCI into earnings	992		(52)
Translation adjustments, net of tax	(29,683)	(42,967)	47,912
Other comprehensive income (loss), before tax	(26,335)	(44,334)	47,841
Comprehensive income	124,702	65,693	97,809
Comprehensive income attributable to noncontrolling interests:
Net income	30,099	22,616	11,749
Net derivative instrument income (loss),  net of tax	647	(375)	(19)
Translation adjustments, net of tax	(9,358)	(11,524)	14,004
Comprehensive income (loss), net of tax, atributable to noncontrolling interest	21,388	10,717	25,734
Comprehensive income attributable to Inter Parfums Inc.	$ 103,314	$ 54,976	$ 72,075

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholder's Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]	Noncontrolling Interest [Member]	Total
Beginning Balance at Dec. 31, 2019	$ 31	$ 70,664	$ 474,637	$ (39,853)	$ (37,475)	$ 140,994	$ 608,998
Shares issued upon exercise of stock options	1	2,771
Share-based compensation		1,711	1,117			350
Purchase of subsidiary shares from noncontrolling interests		0
Shares issued for license acquisition
Transfer of subsidiary shares purchased		562				(139)
Net income			38,219			11,749	49,968
Dividends			(10,406)			(324)
Foreign currency translation adjustment, net of tax				33,908		14,004
Transfer from other comprehensive income into earnings				52
Transfer from other comprehensive income into earnings				(52)
Net derivative instrument loss, net of tax						(19)
Ending Balance at Dec. 31, 2020	32	75,708	503,567	(5,997)	(37,475)	166,615	702,450
Shares issued upon exercise of stock options	0	5,393
Share-based compensation		1,566	1,375			(293)
Purchase of subsidiary shares from noncontrolling interests		0
Shares issued for license acquisition		5,000
Transfer of subsidiary shares purchased		(535)				(791)
Net income			87,411			22,616	110,027
Dividends			(31,690)			(9,836)
Foreign currency translation adjustment, net of tax				(31,443)		(11,524)
Transfer from other comprehensive income into earnings
Transfer from other comprehensive income into earnings
Net derivative instrument loss, net of tax				(992)		(375)
Ending Balance at Dec. 31, 2021	32	87,132	560,663	(38,432)	(37,475)	166,412	738,332
Shares issued upon exercise of stock options		6,004
Share-based compensation		1,355	2,237			(282)
Purchase of subsidiary shares from noncontrolling interests		0
Shares issued for license acquisition
Transfer of subsidiary shares purchased		(4,305)				(98)
Net income			120,938			30,099	151,037
Dividends			(63,743)			(16,056)
Foreign currency translation adjustment, net of tax				(20,325)		(9,358)
Transfer from other comprehensive income into earnings				992
Transfer from other comprehensive income into earnings				(992)
Net derivative instrument loss, net of tax				1,709		647
Ending Balance at Dec. 31, 2022	$ 32	$ 90,186	$ 620,095	$ (56,056)	$ (37,475)	$ 171,364	$ 788,146

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net income	$ 151,037	$ 110,027	$ 49,968
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization including impairment loss	22,539	12,698	9,067
Provision for doubtful accounts	2,353	853	4,824
Noncash stock compensation	3,143	2,853	3,029
Share of income of equity investment	49	(53)	(549)
Lease expense	4,980	7,302	5,483
Deferred tax expense (benefit)	(3,604)	(465)	581
Change in fair value of derivatives	227	65	(137)
Changes in:
Accounts receivable	(59,640)	(45,395)	13,157
Inventories	(98,297)	(49,815)	19,333
Other assets	(13,651)	(16,725)	1,176
Operating lease liabilities	(4,795)	(7,503)	(5,421)
Accounts payable and accrued expenses	106,857	103,046	(32,239)
Income taxes, net	3,952	2,698	(3,279)
Net cash provided by operating activities	115,150	119,586	64,993
Cash flows from investing activities:
Purchases of short-term investments	(1,038)	(55,691)	(7,582)
Proceeds from sale of short-term investments	896	10,644	11,513
Purchase of property, equipment and leasehold improvements	(33,756)	(141,274)	(11,011)
Payment for intangible assets acquired	(98,865)	(1,545)	(1,251)
Purchase of equity investment			(13,998)
Net cash used in investing activities	(132,763)	(187,866)	(22,329)
Cash flows from financing activities:
Repayment of long-term debt	(19,861)	(43,056)	(13,725)
Proceeds from issuance of long-term debt	52,492	157,382	13,438
Proceeds from exercise of options	6,003	5,393	2,771
Dividends paid	(63,743)	(31,690)	(20,805)
Dividends paid to noncontrolling interests	(16,056)	(9,836)	(324)
Purchase of subsidiary shares from noncontrolling interests	(4,403)
Net cash provided by (used in) financing activities	(45,568)	78,193	(18,645)
Effect of exchange rate changes on cash	(493)	(11,207)	12,245
Net increase (decrease) in cash and cash equivalents	(63,674)	(1,294)	36,264
Cash and cash equivalents – beginning of year	168,387	169,681	133,417
Cash and cash equivalents – end of year	104,713	168,387	169,681
Cash paid for:
Interest	2,987	2,468	1,105
Income taxes	$ 38,492	$ 40,497	$ 21,772

The Company and its Significant

The Company and its Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
The Company and its Significant Accounting Policies	(1) The Company and its Significant Accounting Policies Business of the Company Inter Parfums, Inc. and its subsidiaries (the “Company”) are in the fragrance business and manufacture and distribute a wide array of fragrances and fragrance related products. Substantially all of our prestige fragrance brands are licensed from unaffiliated third parties, and our business is dependent upon the continuation and renewal of such licenses. With respect to the Company’s largest brands, we license the Montblanc, Jimmy Choo, Coach and GUESS brand names. As a percentage of net sales, product sales for the Company’s largest brands were as follows: Schedule of lanvin brand name for our class Year Ended December 31, 2022 2021 2020 Montblanc 18 % 19 % 21 % Jimmy Choo 18 % 18 % 16 % Coach 15 % 16 % 17 % GUESS 12 % 12 % 11 % No other brand represented 10% or more of consolidated net sales. Basis of Preparation The consolidated financial statements include the accounts of the Company and its subsidiaries, including 72 All material intercompany balances and transactions have been eliminated Management Estimates Management makes assumptions and estimates to prepare financial statements in conformity with accounting principles generally accepted in the United States of America. Those assumptions and estimates directly affect the amounts reported and disclosures included in the consolidated financial statements. Actual results could differ from those assumptions and estimates. Significant estimates for which changes in the near term are considered reasonably possible and that may have a material impact on the financial statements are disclosed in these notes to the consolidated financial statements. Foreign Currency Translation For foreign subsidiaries with operations denominated in a foreign currency, assets and liabilities are translated to U.S. dollars at year-end exchange rates. Income and expense items are translated at average rates of exchange prevailing during the year. Gains and losses from translation adjustments are accumulated in a separate component of shareholders’ equity. Cash and Cash Equivalents and Short-Term Investments All highly liquid investments purchased with a maturity of three months or less are considered to be cash equivalents. The Company also has short-term investments which consist of certificates of deposit and other contracts with maturities greater than three months and available for sale marketable equity securities. The Company monitors concentrations of credit risk associated with financial institutions with which the Company conducts significant business. The Company believes its credit risk is minimal, as the Company primarily conducts business with large, well-established financial institutions. Substantially all cash and cash equivalents are primarily held at financial institutions outside the United States and are readily convertible into U.S. dollars. Accounts Receivable Accounts receivable represent payments due to the Company for previously recognized net sales, reduced by allowances for doubtful accounts or balances which are estimated to be uncollectible, which aggregated $ 4.7 million 2.2 million Inventories Inventories, including promotional merchandise, only include inventory considered saleable or usable in future periods, and are stated at the lower of cost and net realizable value, with cost being determined on the first-in, first-out method. Cost components include raw materials, direct labor and overhead (e.g., indirect labor, utilities, depreciation, purchasing, receiving, inspection and warehousing) as well as inbound freight. Promotional merchandise is charged to cost of sales at the time the merchandise is shipped to the Company’s customers. Derivatives All derivative instruments are recorded as either assets or liabilities and measured at fair value. The Company uses derivative instruments to principally manage a variety of market risks. For derivatives designated as hedges of the exposure to changes in fair value of the recognized asset or liability or a firm commitment (referred to as fair value hedges), the gain or loss is recognized in earnings in the period of change together with the offsetting loss or gain on the hedged item attributable to the risk being hedged. The effect of that accounting is to include in earnings the extent to which the hedge is not effective in achieving offsetting changes in fair value. For cash flow hedges, the effective portion of the derivative’s gain or loss is initially reported in equity (as a component of accumulated other comprehensive income) and is subsequently reclassified into earnings in the same period or periods during which the hedged forecasted transaction affects earnings. The ineffective portion of the gain or loss of a cash flow hedge is reported in earnings immediately. The Company also holds certain instruments for economic purposes that are not designated for hedge accounting treatment. For these derivative instruments, changes in their fair value are recorded in earnings immediately. Property, Equipment and Leasehold Improvements Property, equipment and leasehold improvements are stated at cost less accumulated depreciation and amortization. Depreciation and amortization are provided using the straight-line method over the estimated useful lives for equipt, which range between three and ten years and the shorter of the lease term or estimated useful asset lives for leasehold improvements. Depreciation has not yet begun on property recently purchased, as it has not yet been put into service. Depreciation provided on equipment used to produce inventory, such as tools and molds, is included in cost of sales. Long-Lived Assets Indefinite-lived intangible assets principally consist of trademarks which are not amortized. The Company evaluates indefinite-lived intangible assets for impairment at least annually during the fourth quarter, or more frequently when events occur or circumstances change, such as an unexpected decline in sales, that would more-likely-than-not indicate that the carrying value of an indefinite-lived intangible asset may not be recoverable. When testing indefinite-lived intangible assets for impairment, the evaluation requires a comparison of the estimated fair value of the asset to the carrying value of the asset. The fair values used in our evaluations are estimated based upon discounted future cash flow projections using a weighted average cost of capital of 9.8 7.47 Intangible assets subject to amortization are evaluated for impairment testing whenever events or changes in circumstances indicate that the carrying amount of an amortizable intangible asset may not be recoverable. If impairment indicators exist for an amortizable intangible asset, the undiscounted future cash flows associated with the expected service potential of the asset are compared to the carrying value of the asset. If our projection of undiscounted future cash flows is in excess of the carrying value of the intangible asset, no impairment charge is recorded. If our projection of undiscounted future cash flows is less than the carrying value of the intangible asset, an impairment charge would be recorded to reduce the intangible asset to its fair value. Revenue Recognition The Company sells its products to department stores, perfumeries, specialty stores and domestic and international wholesalers and distributors. Our revenue contracts represent single performance obligations to sell our products to customers. Sales of such products by our domestic subsidiaries are denominated primarily in U.S. dollars, and sales of such products by our foreign subsidiaries are primarily denominated in either euro or U.S. dollars. The Company recognizes revenues when contract terms are met, the price is fixed and determinable, collectability is reasonably assured, and control of the assets has passed to the customer based on the agreed upon shipping terms. Net sales are comprised of gross revenues less returns, trade discounts and allowances. The Company does not bill its customers’ freight and handling charges. All shipping and handling costs, which aggregated $ 15.8 million 0.0 million 5.0 million 10 Sales Returns Generally, the Company does not permit customers to return their unsold products. However, for U.S. based customers, we allow returns if properly requested, authorized and approved. The Company regularly reviews and revises, as deemed necessary, its estimate of reserves for future sales returns based primarily upon historic trends and relevant current data including information provided by retailers regarding their inventory levels. In addition, as necessary, specific accruals may be established for significant future known or anticipated events. The types of known or anticipated events that we consider include, but are not limited to, the financial condition of our customers, store closings by retailers, changes in the retail environment and our decision to continue to support new and existing products. The Company records its estimate of potential sales returns as a reduction of sales and cost of sales with corresponding entries to accrued expenses, to record the refund liability, and inventory, for the right to recover goods from the customer. The refund liability associated with estimated returns was $ 8.6 million 5.1 million 3.2 million 1.9 million Payments to Customers The Company records revenues generated from purchase with purchase and gift with purchase promotions as sales and the costs of its purchase with purchase and gift with purchase promotions as cost of sales. Certain other incentive arrangements require the payment of a fee to customers based on their attainment of pre-established sales levels. These fees have been recorded as a reduction of net sales. Advertising and Promotion Advertising and promotional costs are expensed as incurred and recorded as a component of cost of goods sold (in the case of free goods given to customers) or selling, general and administrative expenses. Advertising and promotional costs included in selling, general and administrative expenses were $ 212.4 million 171.1 million 91.7 million 43.1 million 36.9 million 26.4 million Package Development Costs Package development costs associated with new products and redesigns of existing product packaging are expensed as incurred. Operating Leases The Company leases its offices and warehouses, vehicles, and certain office equipment, substantially all of which are classified as operating leases. The Company currently has no material financing leases. The Company determines if an arrangement is a lease at inception. Operating lease assets and obligations are recognized at the lease commencement date based on the present value of lease payments over the lease term. License Agreements The Company’s license agreements generally provide the Company with worldwide rights to manufacture, market and sell fragrance and fragrance related products using the licensors’ trademarks. The licenses typically have an initial term of approximately 5 15 1 12 6 10 In certain cases, the Company may pay an entry fee to acquire, or enter into, a license where the licensor or another licensee was operating a pre-existing fragrance business. In those cases, the entry fee is capitalized as an intangible asset and amortized over its useful life. Most license agreements require minimum royalty payments, incremental royalties based on net sales levels and minimum spending on advertising and promotional activities. Royalty expenses are accrued in the period in which net sales are recognized while advertising and promotional expenses are accrued at the time these costs are incurred. In addition, the Company is exposed to certain concentration risk. Most of our prestige fragrance brands are licensed from unaffiliated third parties, and our business is dependent upon the continuation and renewal of such licenses. Income Taxes The Company accounts for income taxes using an asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in its financial statements or tax returns. The net deferred tax assets assume sufficient future earnings for their realization, as well as the continued application of currently enacted tax rates. Included in net deferred tax assets is a valuation allowance for deferred tax assets, where management believes it is more-likely-than-not that the deferred tax assets will not be realized in the relevant jurisdiction. If the Company determines that a deferred tax asset will not be realizable, an adjustment to the deferred tax asset will result in a reduction of net earnings at that time. Accrued interest and penalties are included within the related tax asset or liability in the accompanying financial statements. Issuance of Common Stock by Consolidated Subsidiary The difference between the Company’s share of the proceeds received by the subsidiary and the carrying amount of the portion of the Company’s investment deemed sold, is reflected as an equity adjustment in the consolidated balance sheets. Treasury Stock The Board of Directors may authorize share repurchases of the Company’s common stock (Share Repurchase Authorizations). Share repurchases under Share Repurchase Authorizations may be made through open market transactions, negotiated purchase or otherwise, at times and in such amounts within the parameters authorized by the Board. Shares repurchased under Share Repurchase Authorizations are held in treasury for general corporate purposes, including issuances under various employee stock option plans. Treasury shares are accounted for under the cost method and reported as a reduction of equity. Share Repurchase Authorizations may be suspended, limited or terminated at any time without notice.

Impact of COVID-19 Pandemic

Impact of COVID-19 Pandemic	12 Months Ended
	Dec. 31, 2022
Impact Of Covid-19 Pandemic
Impact of COVID-19 Pandemic	(2) Impact of COVID-19 Pandemic A novel strain of coronavirus (“COVID-19”) surfaced in late 2019 and in March 2020, the World Health Organization declared COVID-19 a pandemic. In response, various national, state, and local governments issued decrees prohibiting certain businesses from operating and certain classes of workers from reporting to work. Retail store closings, event cancellations and a shutdown of international air travel brought our sales to a virtual standstill and caused a significant unfavorable impact on our results of operations in 2020. Business significantly improved in the second half of 2020 and continued to improve throughout 2021 and 2022, as retail stores reopened, and consumers increased online purchasing. While we expect this trend to continue, the introduction of variants of COVID-19 in various parts of the world has caused the temporary re-implementation of governmental restrictions to prevent further spread of the virus. In addition, international air travel remains curtailed in many jurisdictions due to both governmental restrictions and consumer health concerns. While COVID-19 has significantly restricted international travel, the travel retail business is beginning to pick up. Lastly, the improved economy has put significant strains on our supply chain causing disruptions affecting the procurement of components, the ability to transport goods, and related cost increases. These disruptions have come at a time when demand for our product lines has never been stronger or more sustained. We have been addressing this issue since the beginning of 2021, by ordering well in advance of need and in larger quantities. Since 2021, we have strived to carry more inventory overall, source the same components from multiple suppliers and when possible, manufacture products closer to where they are sold. We do not expect the supply chain bottlenecks to begin lifting until the second half of 2023. Therefore, despite recent business improvement, the impact of the COVID-19 pandemic might continue to have adverse effects on our results of our operations, financial position and cash flows through at least the first half of 2023.

Recent Agreements

Recent Agreements	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Recent Agreements	(3) Recent Agreements Lacoste In December 2022, we closed a transaction agreement with Lacoste, whereby an exclusive and worldwide license was granted for the production and distribution of Lacoste brand perfumes and cosmetics. Our rights under this license are subject to certain minimum advertising expenditures and royalty payments as are customary in our industry. The license becomes effective in January 2024 and will last for 15 years. Dunhill In April 2022, we announced that the Dunhill fragrance license will expire on September 30, 2023 and will not be renewed. The Company will continue to produce and sell Dunhill fragrances until the license expires and will maintain the right to sell-off remaining Dunhill fragrance inventory for a limited time as is customary in the fragrance industry. Salvatore Ferragamo In October 2021, we closed on a transaction agreement with Salvatore Ferragamo S.p.A., whereby an exclusive and worldwide license was granted for the production and distribution of Ferragamo brand perfumes. Our rights under this license are subject to certain minimum advertising expenditures and royalty payments as are customary in our industry. The license became effective in October 2021 and will last for 10 years with a 5-year optional term, subject to certain conditions. With respect to the management and coordination of activities related to the license agreement, the Company operates through a wholly-owned Italian subsidiary based in Florence, that was acquired from Salvatore Ferragamo on October 1, 2021. The acquisition together with the license agreement was accounted for as an asset acquisition. Emanuel Ungaro In October 2021, we also entered into a 10-year exclusive global licensing agreement a with a 5-year optional term subject to certain conditions, with Emanuel Ungaro Italia S.r.l, for the creation, development and distribution of fragrances and fragrance-related products, under the Emanuel Ungaro brand. Donna Karan and DKNY In September 2021, we entered into a long-term global licensing agreement for the creation, development and distribution of fragrances and fragrance-related products under the Donna Karan and DKNY brands. Our rights under this license are subject to certain minimum advertising expenditures and royalty payments as are customary in our industry. With this agreement, we are gaining several well-established and valuable fragrance franchises, most notably Donna Karan Cashmere Mist Be Delicious 65,342 5 Rochas Fashion Effective January 1, 2021, we entered into a new license agreement modifying our Rochas fashion business model. The new agreement calls for a reduction in royalties to be received. As a result, in the first quarter of 2021, we took a $ 2.4 million Land and Building Acquisition - Future Headquarters in Paris In April 2021, Interparfums SA, our 73 The purchase price includes the complete renovation of the site. As of December 31, 2022, $ 148.1 million 4.4 million 61.1 million 87.0 million 7 50 3.4 million The acquisition was financed by a 10 120 128.0 million one-month Euribor plus 0.75% 80

Inventories

Inventories	12 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
Inventories	(4) Inventories Schedule of inventories December 31, 2022 2021 Raw materials and component parts $ 146,772 $ 111,312 Finished goods 143,212 87,602 Inventories $ 289,984 $ 198,914 Overhead included in inventory aggregated $ 3.4 million 3.7 million 11.4 million 15.8 million

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	(5) Fair Value of Financial Instruments 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. Schedule of fair value, assets measured on recurring basis Fair Value Measurements at December 31, 2022 Total Quoted Prices in Significant Other Significant Assets: Short-term investments $ 150,833 $ 19,861 $ 130,174 $ 798 Interest rate swaps 6,758 — 6,758 — Foreign currency forward exchange contracts accounted for using hedge accounting 1,189 — 1,189 — Total Assets $ 158,780 $ 19,861 $ 138,122 $ 798 Liabilities: Foreign currency forward exchange contracts not accounted for using hedge accounting 68 — 68 — Total liabilities $ 68 $ — $ 68 $ — Fair Value Measurements at December 31, 2021 Total Quoted Prices in Significant Other Significant Assets: Short-term investments $ 160,014 $ — $ 160,014 $ — Liabilities: Foreign currency forward exchange contracts accounted for using hedge accounting $ 1,982 $ — $ 1,982 $ — Foreign currency forward exchange contracts not accounted for using hedge accounting 63 — 63 $ — Interest rate swaps (234 ) — (234 ) — Total liabilities $ 1,811 $ — $ 1,811 $ — The carrying amount of cash and cash equivalents including money market funds, short-term investments including marketable equity securities, 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 variable interest rates on the Company’s indebtedness approximate current market rates. Foreign currency forward exchange contracts are valued based on quotations from financial institutions and the value of interest rate swaps are the discounted net present value of the swaps using third party quotes from financial institutions.

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [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. Before entering into a derivative transaction for hedging purposes, it is determined that a high degree of initial effectiveness exists between the change in value of the hedged item and the change in the value of the derivative instrument from movement in exchange rates. High effectiveness means that the change in the cash flows of the derivative instrument will effectively offset the change in the cash flows of the hedged item. The effectiveness of each hedged item is measured throughout the hedged period and is based on the dollar offset methodology and excludes the portion of the fair value of the foreign currency forward exchange contract attributable to the change in spot-forward difference which is reported in current period earnings. Any hedge ineffectiveness is also recognized as a gain or loss on foreign currency in the income statement. For hedge contracts that are no longer deemed highly effective, hedge accounting is discontinued, and gains and losses accumulated in other comprehensive income are reclassified to earnings. If it is probable that the forecasted transaction will no longer occur, then any gains or losses accumulated in other comprehensive income are reclassified to current-period earnings. Gains and losses in derivatives designated as hedges are accumulated in other comprehensive income (loss) and gains and losses in derivatives not designated as hedges are included in (gain) loss on foreign currency on the accompanying income statements. Such gains and losses were immaterial in each of the years in the three-year period ended December 31, 2022. Interest expense includes a gain of $ 6.3 million 0.2 million All derivative instruments are reported as either assets or liabilities on the balance sheet measured at fair value. The valuation of interest rate swap is included in other assets on the accompanying balance sheet for the period ended December 31, 2022 and was included in long-term debt on the accompanying balance sheet for the period ended December 31, 2021. The valuation of foreign currency forward exchange contracts at December 31, 2022 and December 31, 2021, resulted in an asset and is included in other current assets on the accompanying balance sheets. At December 31, 2022, the Company had foreign currency contracts in the form of forward exchange contracts with notional amounts of approximately U.S. $ 36.5 million

Property, Equipment and Leaseho

Property, Equipment and Leasehold Improvements	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Property, Equipment and Leasehold Improvements	(7) Property, Equipment and Leasehold Improvements Schedule of equipment and leasehold improvements December 31, 2022 2021 Land and Building (construction in progress) $ 148,137 $ 136,131 Equipment 59,689 52,036 Leasehold improvements 2,293 2,082 210,119 190,249 Less accumulated depreciation and amortization 43,397 40,897 $ 166,722 $ 149,352 Depreciation and amortization expense was $ 7.5 million 4.4 million 3.8 million

Trademarks, Licenses and Other

Trademarks, Licenses and Other Intangible Assets	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Trademarks, Licenses and Other Intangible Assets	(8) Trademarks, Licenses and Other Intangible Assets Schedule of trademarks, licenses and other intangible assets 2022 Gross Accumulated Net Book Trademarks (indefinite lives) $ 105,022 $ — $ 105,022 Trademarks (finite lives) 41,267 64 41,203 Licenses (finite lives) 205,235 63,535 141,700 Other intangible assets (finite lives) 17,849 14,921 2,928 Subtotal 264,351 78,520 185,831 Total $ 369,373 $ 78,520 $ 290,853 2021 Gross Accumulated Net Book Trademarks (indefinite lives) $ 119,712 $ — $ 119,712 Trademarks (finite lives) 43,820 68 43,752 Licenses (finite lives) 109,682 62,286 47,396 Other intangible assets (finite lives) 17,775 14,588 3,187 Subtotal 171,277 76,942 94,335 Total $ 290,989 $ 76,942 $ 214,047 Amortization expense was $ 6.8 million 5.9 million 5.3 million 7.0 13.3 million 12.3 million 10.5 million 18 14 2 14 The Company reviews intangible assets with indefinite lives for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. There was an impairment charge for trademarks with indefinite useful lives of $ 6.8 million 2.4 million 0.9 million 9.80 7.47 6.99 The cost of trademarks, licenses and other intangible assets with finite lives is being amortized by the straight-line method over the term of the respective license or the intangible assets estimated useful life which range from three twenty years Trademarks (finite lives) primarily represent Lanvin brand names and trademarks and in connection with their purchase, Lanvin was granted the right to repurchase the brand names and trademarks on July 1, 2027 for €70 million (approximately $ 7 5

Accrued Expenses

Accrued Expenses	12 Months Ended
	Dec. 31, 2022
Payables and Accruals [Abstract]
Accrued Expenses	(9) Accrued Expenses Accrued expenses consist of the following: December 31, 2022 2021 Advertising liabilities $ 42,338 $ 31,215 Salary (including bonus and related taxes) 21,128 19,993 Royalties 26,532 19,154 Due vendors (not yet invoiced) 105,869 45,707 Retirement reserves 8,001 10,234 Refund (return) liability 8,604 5,128 Other 1,149 5,246 Total $ 213,621 $ 136,677

Loans Payable _ Banks

Loans Payable – Banks	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Loans Payable – Banks	(10) Loans Payable – Banks Loans payable – banks consist of the following: The Company and its domestic subsidiaries have available a $ 20 million 2 4.3 December 15, 2023 The Company’s foreign subsidiaries have available credit lines, including several bank overdraft facilities totaling approximately $ 20 0.6 0.9 0.576 As there were no borrowings outstanding as of December 31, 2022 and 2021, there is no weighted average interest rate on short-term borrowings as of December 31, 2022 and 2021.

Long-Term Debt

Long-Term Debt	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Long-Term Debt	(11) Long-Term Debt Long-term debt consists of the following: December 31, 2022 2021 $ 53.3 48 1.1 million 0.825 $ 52,061 $ — $ 135.9 120 1.1 million 0.75 104,758 124,375 $ 15.0 14 1.1 million 4.1 9,890 10,569 $ 17 10 1.7 million 2.0 13,332 13,859 180,041 148,803 Less current maturities 28,547 15,911 Total $ 151,494 $ 132,892 In December 2022, to finance Interparfums SA’s acquisition of the Lacoste trademark, the Company entered into a $53.3 million (€ 50 The loan agreement bears interest at EURIBOR-1 month rates plus a margin of 0.825%. This variable rate debt was swapped for variable interest rate debt with a maximum rate of 2% per annum. In April 2021, to finance the acquisition of Interparfums SA’s future corporate headquarters, the Company entered into a $ 128.0 million 120 Approximately $85.3 million (€80.0 million) of the variable rate debt was swapped for variable interest rate debt with maximum rate of 2% per annum. Maturities of long-term debt subsequent to December 31, 2022 are approximately $ 30.4 million 28.7 million per year thereafter through 2033.

Commitments

Commitments	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments	(12) Commitments Leases The Company leases its offices, warehouses and vehicles, substantially all of which are classified as operating leases. The Company currently has no material financing leases. The Company determines if an arrangement is a lease at inception. Operating lease assets and obligations are recognized at the lease commencement date based on the present value of lease payments over the lease term. In determining lease asset value, the Company considers fixed or variable payment terms, prepayments, incentives, and options to extend or terminate, depending on the lease. Renewal, termination or purchase options affect the lease term used for determining lease asset value only if the option is reasonably certain to be exercised. The Company generally uses its incremental borrowing rate based on information available at the lease commencement date for the location in which the lease is held in determining the present value of lease payments. As of December 31, 2022, the weighted average remaining lease term was 5.8 2.6 5.6 million 8.2 million 6.2 million 4.9 million 0.3 million Maturities of lease liabilities subsequent to December 31, 2022 are as follows: (In thousands) 2023 $ 5,723 2024 5,971 2025 4,847 2026 4,049 2027 4,060 Thereafter 6,913 31,563 Less imputed interest (based on 2.6% (1,932 ) $ 29,631 License Agreements The Company is party to a number of license and other agreements for the use of trademarks and rights in connection with the manufacture and sale of its products expiring at various dates through 2033. minimum annual royalties and other commitments as follows: (In thousands) 2023 $ 217,852 2024 224,201 2025 218,047 2026 139,348 2027 132,502 Thereafter 986,434 $ 1,918,384 Future advertising commitments are estimated based on planned future sales for the license terms that were in effect at December 31, 2022, without consideration for potential renewal periods. The above figures do not reflect the fact that our distributors share our advertising obligations. Royalty expense included in selling, general, and administrative expenses, aggregated $ 87.0 million 68.9 million 41.1 million 8.0 7.8 7.6

Equity

Equity	12 Months Ended
	Dec. 31, 2022
Equity:
Equity	(13) Equity 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 five 1.3 million 1.4 million 1.7 million Compensation cost, net of estimated forfeitures, is recognized on a straight-line basis over the requisite service period for the entire award. Forfeitures are estimated based on historic trends. The following table sets forth information with respect to nonvested options for 2022: Number of Shares Weighted Average Grant Date Fair Value Nonvested options – beginning of year 209,510 $ 13.45 Nonvested options granted 62,000 $ 20.36 Nonvested options vested or forfeited (102,780 ) $ 12.93 Nonvested options – end of year 168,730 $ 16.31 The effect of share-based payment expenses decreased income statement line items as follows: Year Ended December 31, 2022 2021 2020 Income before income taxes $ 3,143 $ 2,850 $ 3,030 Net income attributable to Inter Parfums, Inc. 2,036 1,880 2,040 Diluted earnings per share attributable to Inter Parfums, Inc. 0.06 0.06 0.06 The following table summarizes stock option activity and related information for the years ended December 31, 2022, 2021 and 2020: Year ended December 31, 2022 2021 2020 Options Weighted Average Exercise Price Options Weighted Average Exercise Price Options Weighted Average Exercise Price Shares under option - beginning of year 524,900 $ 57.58 713,210 $ 52.74 815,800 $ 49.89 Options granted 62,000 97.84 9,000 62.18 9,000 69.11 Options exercised (136,880 ) 43.86 (156,490 ) 34.46 (95,570 ) 28.99 Options forfeited (8,440 ) 67.65 (40,820 ) 62.57 (16,020 ) 58.38 Shares under option - end of year 441,580 67.30 524,900 57.58 713,210 52.74 At December 31, 2022, options for 558,975 13.0 million 2.7 million five The weighted average fair values of options granted by Inter Parfums, Inc. during 2022, 2021 and 2020 were $ 20.36 11.35 12.16 The assumptions used in the Black-Scholes pricing model are set forth in the following table: Year Ended December 31, 2022 2021 2020 Weighted-average expected stock-price volatility 26 % 25 % 25 % Weighted-average expected option life 4.0 years 5.0 years 5.0 years Weighted-average risk-free interest rate 4.0 % 0.4 % 1.4 % Weighted-average dividend yield 2.4 % 1.6 % 2.5 % 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 maintain its current payout ratio as a percentage of earnings. Proceeds, tax benefits and intrinsic value related to stock options exercised were as follows: Year Ended December 31, 2022 2021 2020 Proceeds from stock options exercised $ 6,003 $ 5,393 $ 2,771 Tax benefits $ 800 $ 1,300 $ 400 Intrinsic value of stock options exercised $ 6,760 $ 7,800 $ 2,873 The following table summarizes additional stock option information as of December 31, 2022: Exercise prices Options outstanding Options outstanding weighted average remaining contractual life Options exercisable $ 40.15 46.90 103,460 0.96 101,860 $ 62.18 69.11 139,900 2.04 97,210 $ 73.09 136,220 3.00 73,780 $ 97.84 62,000 5.85 — Totals 441,580 2.62 272,850 As of December 31, 2022, the weighted average exercise price of options exercisable was $ 59.46 1.88 10.1 million In December 2018, Interparfums SA approved a plan to grant an aggregate of 26,600 133,000 211,955 4.8 million three In March 2022, Interparfums SA approved an additional plan to grant an aggregate of 88,400 The fair value of the grant had been determined based on the quoted stock price of Interparfums SA shares as reported by the Euronext on the date of grant. The estimated number of shares to be distributed of 85,062 4.1 million Similar to the December 2018 plan, in order to avoid dilution of the Company’s ownership of Interparfums SA, all shares distributed or to be distributed pursuant to these plans will be pre-existing shares of Interparfums SA, purchased in the open market by Interparfums SA. During the year ended December 31, 2022, the Company acquired 63,281 3.0 Dividends In October 2019, our Board of Directors authorized a 20 1.32 2.50 0.625

Net Income Attributable to Inte

Net Income Attributable to Inter Parfums, Inc. Common Shareholders	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Net Income Attributable to Inter Parfums, Inc. Common Shareholders	(14) 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 income attributable to Inter Parfums, Inc. by the weighted average number of shares outstanding. Net income 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: Year ended December 31, 2022 2021 2020 Numerator for diluted earnings per share $ 120,938 $ 87,411 $ 38,219 Denominator: Weighted average shares 31,859,417 31,676,796 31,536,659 Effect of dilutive securities: Stock options 129,336 158,612 117,885 Denominator for diluted earnings per share 31,988,753 31,835,408 31,654,544 Earnings per share: Net income attributable to Inter Parfums, Inc. common shareholders: Basic $ 3.80 $ 2.76 $ 1.21 Diluted 3.78 2.75 1.21 Not included in the above computations is the effect of anti-dilutive potential common shares, which consist of outstanding options to purchase 38,000 175,000 450,000

Segments and Geographic Areas

Segments and Geographic Areas	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Segments and Geographic Areas	(15) Segments and Geographic Areas The Company manufactures and distributes one product line, fragrances and fragrance related products. The Company Information on the Company’s operations by segments is as follows: Year ended December 31, 2022 2021 2020 Net sales: United States $ 342,644 $ 216,559 $ 117,489 Europe 744,075 663,290 422,947 Eliminations of intercompany sales (66 ) (333 ) (1,427 ) $ 1,086,653 $ 879,516 $ 539,009 Net income attributable to Inter Parfums, Inc.: United States $ 43,745 $ 29,359 $ 7,942 Europe 77,193 57,869 30,241 Eliminations — 183 36 $ 120,938 $ 87,411 $ 38,219 Depreciation and amortization expense including impairment loss: United States $ 6,355 $ 3,835 $ 3,354 Europe 16,184 8,863 5,713 $ 22,539 $ 12,698 $ 9,067 Interest and investment income: United States $ 66 $ 3 $ 24 Europe 5,769 3,526 2,971 Eliminations (349 ) (126 ) (130 ) $ 5,486 $ 3,403 $ 2,865 Interest expense: United States $ 1,100 $ 636 $ 604 Europe 2,848 2,315 1,496 Eliminations (349 ) (126 ) (130 ) $ 3,599 $ 2,825 $ 1,970 Income tax expense: United States $ 6,920 $ 5,336 $ 1,590 Europe 36,262 35,607 17,782 Eliminations — 49 9 $ 43,182 $ 40,992 $ 19,381 December 31, 2022 2021 2020 Total assets: United States $ 278,090 $ 247,703 $ 141,316 Europe 1,052,004 931,735 758,812 Eliminations (21,552 ) (34,074 ) (9,983 ) $ 1,308,542 $ 1,145,364 $ 890,145 Additions to long-lived assets: United States $ 2,318 $ 2,711 $ 1,004 Europe 31,438 138,563 11,259 $ 33,756 $ 141,274 $ 12,263 Total long-lived assets: United States $ 61,539 $ 63,094 $ 40,656 Europe 423,999 334,033 217,766 $ 485,538 $ 397,127 $ 258,422 Deferred tax assets: United States $ 2,906 $ 870 $ 886 Europe 8,253 7,066 7,106 Eliminations — — 49 $ 11,159 $ 7,936 $ 8,041 United States export sales were approximately $ 169.1 million 126.2 million 71.5 million Consolidated net sales to customers by region are as follows: Consolidated net sales to customers by region are as follows: Year ended December 31, 2022 2021 2020 North America $ 431,900 $ 354,100 $ 193,500 Europe 333,400 271,600 180,200 Asia 152,700 128,000 79,700 Middle East 87,800 61,000 46,800 Central and South America 69,900 56,400 32,500 Other 11,000 8,400 6,300 $ 1,086,700 $ 879,500 $ 539,000 Consolidated net sales to customers in major countries are as follows: Year Ended December 31, 2022 2021 2020 United States $ 420,900 $ 351,300 $ 187,300 France $ 44,800 $ 44,000 $ 37,600 Russia $ 33,964 $ 43,400 $ 14,100 United Kingdom $ 37,900 $ 38,500 $ 24,600

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	(16) Income Taxes The Company and its subsidiaries file income tax returns in the U.S. federal, and various states and foreign jurisdictions. The Company assessed its uncertain tax positions and determined that it has no material uncertain tax position at December 31, 2022. The components of income before income taxes consist of the following: Year ended December 31, 2022 2021 2020 U.S. operations $ 50,250 $ 34,742 $ 9,577 Foreign operations 143,969 116,277 59,772 $ 194,219 $ 151,019 $ 69,349 The provision for current and deferred income tax expense (benefit) consists of the following: Year ended December 31, 2022 2021 2020 Current: Federal $ 6,829 $ 4,825 $ 1,685 State and local 658 518 90 Foreign 39,458 36,164 17,024 46,945 41,507 18,799 Deferred: Federal (802 ) 4 (215 ) State and local (49 ) 11 44 Foreign (2,912 ) (530 ) 753 (3,763 ) (515 ) 582 Total income tax expense $ 43,182 $ 40,992 $ 19,381 The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are as follows: December 31, 2022 2021 Net deferred tax assets: Foreign net operating loss carry-forwards $ 554 $ 1,292 Inventory and accounts receivable 3,880 4,508 Profit sharing 2,871 3,787 Stock option compensation 716 732 Effect of inventory profit elimination 9,342 5,112 Other 266 407 Total gross deferred tax assets, net 17,629 15,838 Valuation allowance (554 ) (3,582 ) Net deferred tax assets 17,075 12,256 Deferred tax liabilities (long-term): Building expenses (1,356 ) (1,082 ) Trademarks and licenses (2,160 ) (2,551 ) Unrealized gain on marketable equity securities (1,745 ) (436 ) Other (655 ) (251 ) Total deferred tax liabilities (5,916 ) (4,320 ) Net deferred tax assets $ 11,159 $ 7,936 Valuation allowances have been provided for deferred tax assets relating to foreign net operating loss carry-forwards as future profitable operations from certain foreign subsidiaries might not be sufficient to realize the full amount of the deferred tax assets. No other valuation allowances have been provided as management believes that it is more likely than not that the asset will be realized in the reduction of future taxable income. The Company estimated of the effect of global intangible low-taxed income (“GILTI”) and has determined that it has no tax liability related to GILTI as of December 31, 2022, 2021 and 2020. The Company also estimated the effect of foreign derived intangible income (“FDII”) and recorded a tax benefit of approximately $ 1.5 million 0.9 million 0.3 million The Company is no longer subject to U.S. federal, state, and local income tax examinations by tax authorities for years before 2019. Differences between the United States federal statutory income tax rate and the effective income tax rate were as follows: Year ended December 31, 2022 2021 2020 Statutory rates 21.0 % 21.0 % 21.0 % State and local taxes, net of Federal benefit 0.2 0.3 0.2 Windfall benefit from exercise of stock options (0.4 ) (0.9 ) (0.6 ) Benefit of Foreign Derived Intangible Income (0.8 ) (0.6 ) (0.4 ) Effect of foreign taxes greater than U.S. statutory rates 3.1 7.4 7.5 Other (0.9 ) (0.1 ) 0.2 Effective rates 22.2 % 27.1 % 27.9 %

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	12 Months Ended
	Dec. 31, 2022
Equity:
Accumulated Other Comprehensive Loss	(17) Accumulated Other Comprehensive Loss The components of accumulated other comprehensive loss consist of the following: Year ended December 31, 2022 2021 2020 Net derivative instruments, beginning of year $ (992 ) $ — $ 52 Net derivative instrument loss, net of tax 2,701 (992 ) (52 ) Net derivative instruments, end of year 1,709 (992 ) — Cumulative translation adjustments, beginning of year (37,440 ) (5,997 ) (39,905 ) Translation adjustments (20,325 ) (31,443 ) 33,908 Cumulative translation adjustments, end of year (57,765 ) (37,440 ) (5,997 ) Accumulated other comprehensive loss $ (56,056 ) $ (38,432 ) $ (5,997 )

Net Income Attributable to In_2

Net Income Attributable to Inter Parfums, Inc. and Transfers from the Noncontrolling Interest	12 Months Ended
	Dec. 31, 2022
Noncontrolling Interest [Abstract]
Net Income Attributable to Inter Parfums, Inc. and Transfers from the Noncontrolling Interest	(18) Net Income Attributable to Inter Parfums, Inc. and Transfers from the Noncontrolling Interest Schedule of net income attributable to transfers from the noncontrolling interest Year ended December 31, 2022 2021 2020 Net income attributable to Inter Parfums, Inc. $ 120,938 $ 87,411 $ 38,219 Decrease in Inter Parfums, Inc.’s additional paid-in capital for subsidiary share transactions — — — Change from net income attributable to Inter Parfums, Inc. and transfers from noncontrolling interest $ 120,938 $ 87,411 $ 38,219

Reconciliation of Cash and Cash

Reconciliation of Cash and Cash Equivalents to the Statement of Cash Flows	12 Months Ended
	Dec. 31, 2022
Reconciliation Of Cash And Cash Equivalents To Statement Of Cash Flows
Reconciliation of Cash and Cash Equivalents to the Statement of Cash Flows	(19) Reconciliation of Cash and Cash Equivalents to the Statement of Cash Flows The following table summarizes cash and cash equivalents as of December 31, 2021: December 31, Cash and cash equivalents per balance sheet $ 159,613 Cash held in escrow included in other assets (see note 3) 8,774 Cash and cash equivalents per statement of cash flows $ 168,387

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2022
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts	Schedule II - Valuation and Qualifying Accounts Schedule II Schedule of Valuation and Qualifying Accounts Valuation and Qualifying Accounts (In thousands) Column A Column B Column C Column D Column E Additions (1) (2) Description Balance at beginning of period Charged to costs and expenses Charged to other accounts – describe Deductions describe Balance at end of period Allowance for doubtful accounts: Year ended December 31, 2022 $ 2,247 2,353 1,134 (d) 1,044 (a) 4,690 Year ended December 31, 2021 $ 5,550 877 (843 )(d) 3,336 (a) 2,247 Year ended December 31, 2020 $ 2,452 4,824 381 (d) 2,107 (a) 5,550 Allowance for sales returns, net of inventory: Year ended December 31, 2022 $ 3,242 4,997 — 2,829 (b) 5,410 Year ended December 31, 2021 $ 2,242 3,042 — 2,042 (b) 3,242 Year ended December 31, 2020 $ 2,587 1,978 — 2,323 (b) 2,242 Inventory reserve: Year ended December 31, 2022 $ 15,777 8,742 (378 )(d) 12,710 (c) 11,431 Year ended December 31, 2021 $ 9,371 8,217 7,041 (d)(e) 8,852 (c) 15,777 Year ended December 31, 2020 $ 4,909 7,212 616 (d) 3,366 (c) 9,371 (a) Write-off of bad debts. (b) Write-off of sales returns. (c) Disposal of inventory (d) Foreign currency translation adjustment (e) Inventory reserves acquired of $7,639 See accompanying reports of independent registered public accounting firm.

The Company and its Significa_2

The Company and its Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Business of the Company	Business of the Company Inter Parfums, Inc. and its subsidiaries (the “Company”) are in the fragrance business and manufacture and distribute a wide array of fragrances and fragrance related products. Substantially all of our prestige fragrance brands are licensed from unaffiliated third parties, and our business is dependent upon the continuation and renewal of such licenses. With respect to the Company’s largest brands, we license the Montblanc, Jimmy Choo, Coach and GUESS brand names. As a percentage of net sales, product sales for the Company’s largest brands were as follows: Schedule of lanvin brand name for our class Year Ended December 31, 2022 2021 2020 Montblanc 18 % 19 % 21 % Jimmy Choo 18 % 18 % 16 % Coach 15 % 16 % 17 % GUESS 12 % 12 % 11 % No other brand represented 10% or more of consolidated net sales.
Basis of Preparation	Basis of Preparation The consolidated financial statements include the accounts of the Company and its subsidiaries, including 72 All material intercompany balances and transactions have been eliminated
Management Estimates	Management Estimates Management makes assumptions and estimates to prepare financial statements in conformity with accounting principles generally accepted in the United States of America. Those assumptions and estimates directly affect the amounts reported and disclosures included in the consolidated financial statements. Actual results could differ from those assumptions and estimates. Significant estimates for which changes in the near term are considered reasonably possible and that may have a material impact on the financial statements are disclosed in these notes to the consolidated financial statements.
Foreign Currency Translation	Foreign Currency Translation For foreign subsidiaries with operations denominated in a foreign currency, assets and liabilities are translated to U.S. dollars at year-end exchange rates. Income and expense items are translated at average rates of exchange prevailing during the year. Gains and losses from translation adjustments are accumulated in a separate component of shareholders’ equity.
Cash and Cash Equivalents and Short-Term Investments	Cash and Cash Equivalents and Short-Term Investments All highly liquid investments purchased with a maturity of three months or less are considered to be cash equivalents. The Company also has short-term investments which consist of certificates of deposit and other contracts with maturities greater than three months and available for sale marketable equity securities. The Company monitors concentrations of credit risk associated with financial institutions with which the Company conducts significant business. The Company believes its credit risk is minimal, as the Company primarily conducts business with large, well-established financial institutions. Substantially all cash and cash equivalents are primarily held at financial institutions outside the United States and are readily convertible into U.S. dollars.
Accounts Receivable	Accounts Receivable Accounts receivable represent payments due to the Company for previously recognized net sales, reduced by allowances for doubtful accounts or balances which are estimated to be uncollectible, which aggregated $ 4.7 million 2.2 million
Inventories	Inventories Inventories, including promotional merchandise, only include inventory considered saleable or usable in future periods, and are stated at the lower of cost and net realizable value, with cost being determined on the first-in, first-out method. Cost components include raw materials, direct labor and overhead (e.g., indirect labor, utilities, depreciation, purchasing, receiving, inspection and warehousing) as well as inbound freight. Promotional merchandise is charged to cost of sales at the time the merchandise is shipped to the Company’s customers.
Derivatives	Derivatives All derivative instruments are recorded as either assets or liabilities and measured at fair value. The Company uses derivative instruments to principally manage a variety of market risks. For derivatives designated as hedges of the exposure to changes in fair value of the recognized asset or liability or a firm commitment (referred to as fair value hedges), the gain or loss is recognized in earnings in the period of change together with the offsetting loss or gain on the hedged item attributable to the risk being hedged. The effect of that accounting is to include in earnings the extent to which the hedge is not effective in achieving offsetting changes in fair value. For cash flow hedges, the effective portion of the derivative’s gain or loss is initially reported in equity (as a component of accumulated other comprehensive income) and is subsequently reclassified into earnings in the same period or periods during which the hedged forecasted transaction affects earnings. The ineffective portion of the gain or loss of a cash flow hedge is reported in earnings immediately. The Company also holds certain instruments for economic purposes that are not designated for hedge accounting treatment. For these derivative instruments, changes in their fair value are recorded in earnings immediately.
Property, Equipment and Leasehold Improvements	Property, Equipment and Leasehold Improvements Property, equipment and leasehold improvements are stated at cost less accumulated depreciation and amortization. Depreciation and amortization are provided using the straight-line method over the estimated useful lives for equipt, which range between three and ten years and the shorter of the lease term or estimated useful asset lives for leasehold improvements. Depreciation has not yet begun on property recently purchased, as it has not yet been put into service. Depreciation provided on equipment used to produce inventory, such as tools and molds, is included in cost of sales.
Long-Lived Assets	Long-Lived Assets Indefinite-lived intangible assets principally consist of trademarks which are not amortized. The Company evaluates indefinite-lived intangible assets for impairment at least annually during the fourth quarter, or more frequently when events occur or circumstances change, such as an unexpected decline in sales, that would more-likely-than-not indicate that the carrying value of an indefinite-lived intangible asset may not be recoverable. When testing indefinite-lived intangible assets for impairment, the evaluation requires a comparison of the estimated fair value of the asset to the carrying value of the asset. The fair values used in our evaluations are estimated based upon discounted future cash flow projections using a weighted average cost of capital of 9.8 7.47 Intangible assets subject to amortization are evaluated for impairment testing whenever events or changes in circumstances indicate that the carrying amount of an amortizable intangible asset may not be recoverable. If impairment indicators exist for an amortizable intangible asset, the undiscounted future cash flows associated with the expected service potential of the asset are compared to the carrying value of the asset. If our projection of undiscounted future cash flows is in excess of the carrying value of the intangible asset, no impairment charge is recorded. If our projection of undiscounted future cash flows is less than the carrying value of the intangible asset, an impairment charge would be recorded to reduce the intangible asset to its fair value.
Revenue Recognition	Revenue Recognition The Company sells its products to department stores, perfumeries, specialty stores and domestic and international wholesalers and distributors. Our revenue contracts represent single performance obligations to sell our products to customers. Sales of such products by our domestic subsidiaries are denominated primarily in U.S. dollars, and sales of such products by our foreign subsidiaries are primarily denominated in either euro or U.S. dollars. The Company recognizes revenues when contract terms are met, the price is fixed and determinable, collectability is reasonably assured, and control of the assets has passed to the customer based on the agreed upon shipping terms. Net sales are comprised of gross revenues less returns, trade discounts and allowances. The Company does not bill its customers’ freight and handling charges. All shipping and handling costs, which aggregated $ 15.8 million 0.0 million 5.0 million 10
Sales Returns	Sales Returns Generally, the Company does not permit customers to return their unsold products. However, for U.S. based customers, we allow returns if properly requested, authorized and approved. The Company regularly reviews and revises, as deemed necessary, its estimate of reserves for future sales returns based primarily upon historic trends and relevant current data including information provided by retailers regarding their inventory levels. In addition, as necessary, specific accruals may be established for significant future known or anticipated events. The types of known or anticipated events that we consider include, but are not limited to, the financial condition of our customers, store closings by retailers, changes in the retail environment and our decision to continue to support new and existing products. The Company records its estimate of potential sales returns as a reduction of sales and cost of sales with corresponding entries to accrued expenses, to record the refund liability, and inventory, for the right to recover goods from the customer. The refund liability associated with estimated returns was $ 8.6 million 5.1 million 3.2 million 1.9 million
Payments to Customers	Payments to Customers The Company records revenues generated from purchase with purchase and gift with purchase promotions as sales and the costs of its purchase with purchase and gift with purchase promotions as cost of sales. Certain other incentive arrangements require the payment of a fee to customers based on their attainment of pre-established sales levels. These fees have been recorded as a reduction of net sales.
Advertising and Promotion	Advertising and Promotion Advertising and promotional costs are expensed as incurred and recorded as a component of cost of goods sold (in the case of free goods given to customers) or selling, general and administrative expenses. Advertising and promotional costs included in selling, general and administrative expenses were $ 212.4 million 171.1 million 91.7 million 43.1 million 36.9 million 26.4 million
Package Development Costs	Package Development Costs Package development costs associated with new products and redesigns of existing product packaging are expensed as incurred.
Operating Leases	Operating Leases The Company leases its offices and warehouses, vehicles, and certain office equipment, substantially all of which are classified as operating leases. The Company currently has no material financing leases. The Company determines if an arrangement is a lease at inception. Operating lease assets and obligations are recognized at the lease commencement date based on the present value of lease payments over the lease term.
License Agreements	License Agreements The Company’s license agreements generally provide the Company with worldwide rights to manufacture, market and sell fragrance and fragrance related products using the licensors’ trademarks. The licenses typically have an initial term of approximately 5 15 1 12 6 10 In certain cases, the Company may pay an entry fee to acquire, or enter into, a license where the licensor or another licensee was operating a pre-existing fragrance business. In those cases, the entry fee is capitalized as an intangible asset and amortized over its useful life. Most license agreements require minimum royalty payments, incremental royalties based on net sales levels and minimum spending on advertising and promotional activities. Royalty expenses are accrued in the period in which net sales are recognized while advertising and promotional expenses are accrued at the time these costs are incurred. In addition, the Company is exposed to certain concentration risk. Most of our prestige fragrance brands are licensed from unaffiliated third parties, and our business is dependent upon the continuation and renewal of such licenses.
Income Taxes	Income Taxes The Company accounts for income taxes using an asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in its financial statements or tax returns. The net deferred tax assets assume sufficient future earnings for their realization, as well as the continued application of currently enacted tax rates. Included in net deferred tax assets is a valuation allowance for deferred tax assets, where management believes it is more-likely-than-not that the deferred tax assets will not be realized in the relevant jurisdiction. If the Company determines that a deferred tax asset will not be realizable, an adjustment to the deferred tax asset will result in a reduction of net earnings at that time. Accrued interest and penalties are included within the related tax asset or liability in the accompanying financial statements.
Issuance of Common Stock by Consolidated Subsidiary	Issuance of Common Stock by Consolidated Subsidiary The difference between the Company’s share of the proceeds received by the subsidiary and the carrying amount of the portion of the Company’s investment deemed sold, is reflected as an equity adjustment in the consolidated balance sheets.
Treasury Stock	Treasury Stock The Board of Directors may authorize share repurchases of the Company’s common stock (Share Repurchase Authorizations). Share repurchases under Share Repurchase Authorizations may be made through open market transactions, negotiated purchase or otherwise, at times and in such amounts within the parameters authorized by the Board. Shares repurchased under Share Repurchase Authorizations are held in treasury for general corporate purposes, including issuances under various employee stock option plans. Treasury shares are accounted for under the cost method and reported as a reduction of equity. Share Repurchase Authorizations may be suspended, limited or terminated at any time without notice.

The Company and its Significa_3

The Company and its Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Schedule of lanvin brand name for our class	Substantially all of our prestige fragrance brands are licensed from unaffiliated third parties, and our business is dependent upon the continuation and renewal of such licenses. With respect to the Company’s largest brands, we license the Montblanc, Jimmy Choo, Coach and GUESS brand names. As a percentage of net sales, product sales for the Company’s largest brands were as follows: Schedule of lanvin brand name for our class Year Ended December 31, 2022 2021 2020 Montblanc 18 % 19 % 21 % Jimmy Choo 18 % 18 % 16 % Coach 15 % 16 % 17 % GUESS 12 % 12 % 11 %

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
Schedule of inventories	Schedule of inventories December 31, 2022 2021 Raw materials and component parts $ 146,772 $ 111,312 Finished goods 143,212 87,602 Inventories $ 289,984 $ 198,914

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of fair value, assets measured on recurring basis	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. Schedule of fair value, assets measured on recurring basis Fair Value Measurements at December 31, 2022 Total Quoted Prices in Significant Other Significant Assets: Short-term investments $ 150,833 $ 19,861 $ 130,174 $ 798 Interest rate swaps 6,758 — 6,758 — Foreign currency forward exchange contracts accounted for using hedge accounting 1,189 — 1,189 — Total Assets $ 158,780 $ 19,861 $ 138,122 $ 798 Liabilities: Foreign currency forward exchange contracts not accounted for using hedge accounting 68 — 68 — Total liabilities $ 68 $ — $ 68 $ — Fair Value Measurements at December 31, 2021 Total Quoted Prices in Significant Other Significant Assets: Short-term investments $ 160,014 $ — $ 160,014 $ — Liabilities: Foreign currency forward exchange contracts accounted for using hedge accounting $ 1,982 $ — $ 1,982 $ — Foreign currency forward exchange contracts not accounted for using hedge accounting 63 — 63 $ — Interest rate swaps (234 ) — (234 ) — Total liabilities $ 1,811 $ — $ 1,811 $ —

Property, Equipment and Lease_2

Property, Equipment and Leasehold Improvements (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Schedule of equipment and leasehold improvements	Schedule of equipment and leasehold improvements December 31, 2022 2021 Land and Building (construction in progress) $ 148,137 $ 136,131 Equipment 59,689 52,036 Leasehold improvements 2,293 2,082 210,119 190,249 Less accumulated depreciation and amortization 43,397 40,897 $ 166,722 $ 149,352

Trademarks, Licenses and Othe_2

Trademarks, Licenses and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of trademarks, licenses and other intangible assets	Schedule of trademarks, licenses and other intangible assets 2022 Gross Accumulated Net Book Trademarks (indefinite lives) $ 105,022 $ — $ 105,022 Trademarks (finite lives) 41,267 64 41,203 Licenses (finite lives) 205,235 63,535 141,700 Other intangible assets (finite lives) 17,849 14,921 2,928 Subtotal 264,351 78,520 185,831 Total $ 369,373 $ 78,520 $ 290,853 2021 Gross Accumulated Net Book Trademarks (indefinite lives) $ 119,712 $ — $ 119,712 Trademarks (finite lives) 43,820 68 43,752 Licenses (finite lives) 109,682 62,286 47,396 Other intangible assets (finite lives) 17,775 14,588 3,187 Subtotal 171,277 76,942 94,335 Total $ 290,989 $ 76,942 $ 214,047

Accrued Expenses (Tables)

Accrued Expenses (Tables)	12 Months Ended
	Dec. 31, 2022
Payables and Accruals [Abstract]
Accrued expenses consist of the following:	Accrued expenses consist of the following: December 31, 2022 2021 Advertising liabilities $ 42,338 $ 31,215 Salary (including bonus and related taxes) 21,128 19,993 Royalties 26,532 19,154 Due vendors (not yet invoiced) 105,869 45,707 Retirement reserves 8,001 10,234 Refund (return) liability 8,604 5,128 Other 1,149 5,246 Total $ 213,621 $ 136,677

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Long-term debt consists of the following:	Long-term debt consists of the following: December 31, 2022 2021 $ 53.3 48 1.1 million 0.825 $ 52,061 $ — $ 135.9 120 1.1 million 0.75 104,758 124,375 $ 15.0 14 1.1 million 4.1 9,890 10,569 $ 17 10 1.7 million 2.0 13,332 13,859 180,041 148,803 Less current maturities 28,547 15,911 Total $ 151,494 $ 132,892

Commitments (Tables)

Commitments (Tables)	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Maturities of lease liabilities subsequent to December 31, 2022 are as follows:	Maturities of lease liabilities subsequent to December 31, 2022 are as follows: (In thousands) 2023 $ 5,723 2024 5,971 2025 4,847 2026 4,049 2027 4,060 Thereafter 6,913 31,563 Less imputed interest (based on 2.6% (1,932 ) $ 29,631
minimum annual royalties and other commitments as follows:	The Company is party to a number of license and other agreements for the use of trademarks and rights in connection with the manufacture and sale of its products expiring at various dates through 2033. minimum annual royalties and other commitments as follows: (In thousands) 2023 $ 217,852 2024 224,201 2025 218,047 2026 139,348 2027 132,502 Thereafter 986,434 $ 1,918,384

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2022
Equity:
The following table sets forth information with respect to nonvested options for 2022:	The following table sets forth information with respect to nonvested options for 2022: Number of Shares Weighted Average Grant Date Fair Value Nonvested options – beginning of year 209,510 $ 13.45 Nonvested options granted 62,000 $ 20.36 Nonvested options vested or forfeited (102,780 ) $ 12.93 Nonvested options – end of year 168,730 $ 16.31
The effect of share-based payment expenses decreased income statement line items as follows:	The effect of share-based payment expenses decreased income statement line items as follows: Year Ended December 31, 2022 2021 2020 Income before income taxes $ 3,143 $ 2,850 $ 3,030 Net income attributable to Inter Parfums, Inc. 2,036 1,880 2,040 Diluted earnings per share attributable to Inter Parfums, Inc. 0.06 0.06 0.06
The following table summarizes stock option activity and related information for the years ended December 31, 2022, 2021 and 2020:	The following table summarizes stock option activity and related information for the years ended December 31, 2022, 2021 and 2020: Year ended December 31, 2022 2021 2020 Options Weighted Average Exercise Price Options Weighted Average Exercise Price Options Weighted Average Exercise Price Shares under option - beginning of year 524,900 $ 57.58 713,210 $ 52.74 815,800 $ 49.89 Options granted 62,000 97.84 9,000 62.18 9,000 69.11 Options exercised (136,880 ) 43.86 (156,490 ) 34.46 (95,570 ) 28.99 Options forfeited (8,440 ) 67.65 (40,820 ) 62.57 (16,020 ) 58.38 Shares under option - end of year 441,580 67.30 524,900 57.58 713,210 52.74
The assumptions used in the Black-Scholes pricing model are set forth in the following table:	The assumptions used in the Black-Scholes pricing model are set forth in the following table: Year Ended December 31, 2022 2021 2020 Weighted-average expected stock-price volatility 26 % 25 % 25 % Weighted-average expected option life 4.0 years 5.0 years 5.0 years Weighted-average risk-free interest rate 4.0 % 0.4 % 1.4 % Weighted-average dividend yield 2.4 % 1.6 % 2.5 %
Proceeds, tax benefits and intrinsic value related to stock options exercised were as follows:	Proceeds, tax benefits and intrinsic value related to stock options exercised were as follows: Year Ended December 31, 2022 2021 2020 Proceeds from stock options exercised $ 6,003 $ 5,393 $ 2,771 Tax benefits $ 800 $ 1,300 $ 400 Intrinsic value of stock options exercised $ 6,760 $ 7,800 $ 2,873
The following table summarizes additional stock option information as of December 31, 2022:	The following table summarizes additional stock option information as of December 31, 2022: Exercise prices Options outstanding Options outstanding weighted average remaining contractual life Options exercisable $ 40.15 46.90 103,460 0.96 101,860 $ 62.18 69.11 139,900 2.04 97,210 $ 73.09 136,220 3.00 73,780 $ 97.84 62,000 5.85 — Totals 441,580 2.62 272,850

Net Income Attributable to In_3

Net Income Attributable to Inter Parfums, Inc. Common Shareholders (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
The reconciliation between the numerators and denominators of the basic and diluted EPS computations is as follows:	The reconciliation between the numerators and denominators of the basic and diluted EPS computations is as follows: Year ended December 31, 2022 2021 2020 Numerator for diluted earnings per share $ 120,938 $ 87,411 $ 38,219 Denominator: Weighted average shares 31,859,417 31,676,796 31,536,659 Effect of dilutive securities: Stock options 129,336 158,612 117,885 Denominator for diluted earnings per share 31,988,753 31,835,408 31,654,544 Earnings per share: Net income attributable to Inter Parfums, Inc. common shareholders: Basic $ 3.80 $ 2.76 $ 1.21 Diluted 3.78 2.75 1.21

Segments and Geographic Areas (

Segments and Geographic Areas (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Information on the Company’s operations by segments is as follows:	Information on the Company’s operations by segments is as follows: Year ended December 31, 2022 2021 2020 Net sales: United States $ 342,644 $ 216,559 $ 117,489 Europe 744,075 663,290 422,947 Eliminations of intercompany sales (66 ) (333 ) (1,427 ) $ 1,086,653 $ 879,516 $ 539,009 Net income attributable to Inter Parfums, Inc.: United States $ 43,745 $ 29,359 $ 7,942 Europe 77,193 57,869 30,241 Eliminations — 183 36 $ 120,938 $ 87,411 $ 38,219 Depreciation and amortization expense including impairment loss: United States $ 6,355 $ 3,835 $ 3,354 Europe 16,184 8,863 5,713 $ 22,539 $ 12,698 $ 9,067 Interest and investment income: United States $ 66 $ 3 $ 24 Europe 5,769 3,526 2,971 Eliminations (349 ) (126 ) (130 ) $ 5,486 $ 3,403 $ 2,865 Interest expense: United States $ 1,100 $ 636 $ 604 Europe 2,848 2,315 1,496 Eliminations (349 ) (126 ) (130 ) $ 3,599 $ 2,825 $ 1,970 Income tax expense: United States $ 6,920 $ 5,336 $ 1,590 Europe 36,262 35,607 17,782 Eliminations — 49 9 $ 43,182 $ 40,992 $ 19,381 December 31, 2022 2021 2020 Total assets: United States $ 278,090 $ 247,703 $ 141,316 Europe 1,052,004 931,735 758,812 Eliminations (21,552 ) (34,074 ) (9,983 ) $ 1,308,542 $ 1,145,364 $ 890,145 Additions to long-lived assets: United States $ 2,318 $ 2,711 $ 1,004 Europe 31,438 138,563 11,259 $ 33,756 $ 141,274 $ 12,263 Total long-lived assets: United States $ 61,539 $ 63,094 $ 40,656 Europe 423,999 334,033 217,766 $ 485,538 $ 397,127 $ 258,422 Deferred tax assets: United States $ 2,906 $ 870 $ 886 Europe 8,253 7,066 7,106 Eliminations — — 49 $ 11,159 $ 7,936 $ 8,041
Consolidated net sales to customers by region are as follows:	Consolidated net sales to customers by region are as follows: Year ended December 31, 2022 2021 2020 North America $ 431,900 $ 354,100 $ 193,500 Europe 333,400 271,600 180,200 Asia 152,700 128,000 79,700 Middle East 87,800 61,000 46,800 Central and South America 69,900 56,400 32,500 Other 11,000 8,400 6,300 $ 1,086,700 $ 879,500 $ 539,000
Consolidated net sales to customers in major countries are as follows:	Consolidated net sales to customers in major countries are as follows: Year Ended December 31, 2022 2021 2020 United States $ 420,900 $ 351,300 $ 187,300 France $ 44,800 $ 44,000 $ 37,600 Russia $ 33,964 $ 43,400 $ 14,100 United Kingdom $ 37,900 $ 38,500 $ 24,600

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
The components of income before income taxes consist of the following:	The components of income before income taxes consist of the following: Year ended December 31, 2022 2021 2020 U.S. operations $ 50,250 $ 34,742 $ 9,577 Foreign operations 143,969 116,277 59,772 $ 194,219 $ 151,019 $ 69,349
The provision for current and deferred income tax expense (benefit) consists of the following:	The provision for current and deferred income tax expense (benefit) consists of the following: Year ended December 31, 2022 2021 2020 Current: Federal $ 6,829 $ 4,825 $ 1,685 State and local 658 518 90 Foreign 39,458 36,164 17,024 46,945 41,507 18,799 Deferred: Federal (802 ) 4 (215 ) State and local (49 ) 11 44 Foreign (2,912 ) (530 ) 753 (3,763 ) (515 ) 582 Total income tax expense $ 43,182 $ 40,992 $ 19,381
The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are as follows:	The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are as follows: December 31, 2022 2021 Net deferred tax assets: Foreign net operating loss carry-forwards $ 554 $ 1,292 Inventory and accounts receivable 3,880 4,508 Profit sharing 2,871 3,787 Stock option compensation 716 732 Effect of inventory profit elimination 9,342 5,112 Other 266 407 Total gross deferred tax assets, net 17,629 15,838 Valuation allowance (554 ) (3,582 ) Net deferred tax assets 17,075 12,256 Deferred tax liabilities (long-term): Building expenses (1,356 ) (1,082 ) Trademarks and licenses (2,160 ) (2,551 ) Unrealized gain on marketable equity securities (1,745 ) (436 ) Other (655 ) (251 ) Total deferred tax liabilities (5,916 ) (4,320 ) Net deferred tax assets $ 11,159 $ 7,936
Differences between the United States federal statutory income tax rate and the effective income tax rate were as follows:	Differences between the United States federal statutory income tax rate and the effective income tax rate were as follows: Year ended December 31, 2022 2021 2020 Statutory rates 21.0 % 21.0 % 21.0 % State and local taxes, net of Federal benefit 0.2 0.3 0.2 Windfall benefit from exercise of stock options (0.4 ) (0.9 ) (0.6 ) Benefit of Foreign Derived Intangible Income (0.8 ) (0.6 ) (0.4 ) Effect of foreign taxes greater than U.S. statutory rates 3.1 7.4 7.5 Other (0.9 ) (0.1 ) 0.2 Effective rates 22.2 % 27.1 % 27.9 %

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	12 Months Ended
	Dec. 31, 2022
Equity:
The components of accumulated other comprehensive loss consist of the following:	The components of accumulated other comprehensive loss consist of the following: Year ended December 31, 2022 2021 2020 Net derivative instruments, beginning of year $ (992 ) $ — $ 52 Net derivative instrument loss, net of tax 2,701 (992 ) (52 ) Net derivative instruments, end of year 1,709 (992 ) — Cumulative translation adjustments, beginning of year (37,440 ) (5,997 ) (39,905 ) Translation adjustments (20,325 ) (31,443 ) 33,908 Cumulative translation adjustments, end of year (57,765 ) (37,440 ) (5,997 ) Accumulated other comprehensive loss $ (56,056 ) $ (38,432 ) $ (5,997 )

Net Income Attributable to In_4

Net Income Attributable to Inter Parfums, Inc. and Transfers from the Noncontrolling Interest (Tables)	12 Months Ended
	Dec. 31, 2022
Noncontrolling Interest [Abstract]
Schedule of net income attributable to transfers from the noncontrolling interest	Schedule of net income attributable to transfers from the noncontrolling interest Year ended December 31, 2022 2021 2020 Net income attributable to Inter Parfums, Inc. $ 120,938 $ 87,411 $ 38,219 Decrease in Inter Parfums, Inc.’s additional paid-in capital for subsidiary share transactions — — — Change from net income attributable to Inter Parfums, Inc. and transfers from noncontrolling interest $ 120,938 $ 87,411 $ 38,219

Reconciliation of Cash and Ca_2

Reconciliation of Cash and Cash Equivalents to the Statement of Cash Flows (Tables)	12 Months Ended
	Dec. 31, 2022
Reconciliation Of Cash And Cash Equivalents To Statement Of Cash Flows
The following table summarizes cash and cash equivalents as of December 31, 2021:	The following table summarizes cash and cash equivalents as of December 31, 2021: December 31, Cash and cash equivalents per balance sheet $ 159,613 Cash held in escrow included in other assets (see note 3) 8,774 Cash and cash equivalents per statement of cash flows $ 168,387

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Tables)	12 Months Ended
	Dec. 31, 2022
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule of Valuation and Qualifying Accounts	Schedule of Valuation and Qualifying Accounts Valuation and Qualifying Accounts (In thousands) Column A Column B Column C Column D Column E Additions (1) (2) Description Balance at beginning of period Charged to costs and expenses Charged to other accounts – describe Deductions describe Balance at end of period Allowance for doubtful accounts: Year ended December 31, 2022 $ 2,247 2,353 1,134 (d) 1,044 (a) 4,690 Year ended December 31, 2021 $ 5,550 877 (843 )(d) 3,336 (a) 2,247 Year ended December 31, 2020 $ 2,452 4,824 381 (d) 2,107 (a) 5,550 Allowance for sales returns, net of inventory: Year ended December 31, 2022 $ 3,242 4,997 — 2,829 (b) 5,410 Year ended December 31, 2021 $ 2,242 3,042 — 2,042 (b) 3,242 Year ended December 31, 2020 $ 2,587 1,978 — 2,323 (b) 2,242 Inventory reserve: Year ended December 31, 2022 $ 15,777 8,742 (378 )(d) 12,710 (c) 11,431 Year ended December 31, 2021 $ 9,371 8,217 7,041 (d)(e) 8,852 (c) 15,777 Year ended December 31, 2020 $ 4,909 7,212 616 (d) 3,366 (c) 9,371 (a) Write-off of bad debts. (b) Write-off of sales returns. (c) Disposal of inventory (d) Foreign currency translation adjustment (e) Inventory reserves acquired of $7,639

Schedule of lanvin brand name f

Schedule of lanvin brand name for our class (Details) - Product Sales Concentration Risk [Member] - Janvin [Member]	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Montblanc [Member]
Product Information [Line Items]
Concentration risk percentage	18%	19%	21%
Jimmy Choo [Member]
Product Information [Line Items]
Concentration risk percentage	18%	18%	16%
Coach [Member]
Product Information [Line Items]
Concentration risk percentage	15%	16%	17%
G U E S S [Member]
Product Information [Line Items]
Concentration risk percentage	12%	12%	11%

The Company and its Significa_4

The Company and its Significant Accounting Policies (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Apr. 30, 2021
Product Information [Line Items]
Allowances for sales returns and doubtful accounts	$ 4,700,000	$ 2,200,000
Shipping and handling costs	392,231,000	322,614,000	$ 208,278,000
Contract with customer, refund liability	8,600,000	5,100,000
Contract with customer, right to recover products	3,200,000	1,900,000
Advertising costs	212,400,000	171,100,000	91,700,000
Customer incentives cost	$ 43,100,000	$ 36,900,000	$ 26,400,000
Royalty expense, percentage of net sales	8%	7.80%	7.60%
Minimum [Member] | Licensing Agreements [Member]
Product Information [Line Items]
License agreement term	5 years
License agreement renewal term	1 year
Royalty expense, percentage of net sales	6%
Maximum [Member] | Licensing Agreements [Member]
Product Information [Line Items]
License agreement term	15 years
License agreement renewal term	12 years
Royalty expense, percentage of net sales	10%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Credit Risk [Member]
Product Information [Line Items]
Concentration risk percentage	10%	10%	10%
Shipping and Handling [Member]
Product Information [Line Items]
Shipping and handling costs	$ 15,800,000	$ 0	$ 5,000,000
Measurement Input, Discount Rate [Member]
Product Information [Line Items]
Weighted average cost of capital	9.80%	7.47%	6.99%
Interparfums SA Subsidiary [Member]
Product Information [Line Items]
Ownership percentage in Interparfums SA	72%			73%

Recent Agreements (Details Narr

Recent Agreements (Details Narrative) € in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2021 USD ($)	Dec. 31, 2022 USD ($) shares	Dec. 31, 2022 EUR (€)	Apr. 30, 2021
Business Acquisition [Line Items]
Purchase price, period cost		$ 148,100,000
Acquisition costs, period cost		4,400,000
Cash held in escrow is included in other assets		$ 3,400,000
Long-term debt, term		10 years	10 years
Long-term line of credit		$ 128,000,000	€ 120
Description of debt instrument interest rate terms		one-month Euribor plus 0.75%
Euro Member Countries, Euro
Business Acquisition [Line Items]
Debt instrument, face amount | €			€ 80
Minimum [Member]
Business Acquisition [Line Items]
Depreciated over a range		7 years
Maximum [Member]
Business Acquisition [Line Items]
Depreciated over a range		50 years
Land [Member]
Business Acquisition [Line Items]
Purchase price, period cost		$ 61,100,000
Building [Member]
Business Acquisition [Line Items]
Purchase price, period cost		$ 87,000,000
Interparfums SA Subsidiary [Member]
Business Acquisition [Line Items]
Ownership percentage		72%	72%	73%
Donna Karan and DKNY [Member]
Business Acquisition [Line Items]
Shares issue | shares		65,342
Shares value		$ 5,000,000
Rochas Fashion [Member]
Business Acquisition [Line Items]
Impairment Charge on Reclassified Assets	$ 2,400,000
Emanuel Ungar [Member]
Business Acquisition [Line Items]
Description of recent agreement		we also entered into a 10-year exclusive global licensing agreement a with a 5-year optional term subject to certain conditions, with Emanuel Ungaro Italia S.r.l, for the creation, development and distribution of fragrances and fragrance-related products, under the Emanuel Ungaro brand.
Rochas Fashion [Member]
Business Acquisition [Line Items]
Description of recent agreement		we entered into a new license agreement modifying our Rochas fashion business model. The new agreement calls for a reduction in royalties to be received. As a result, in the first quarter of 2021, we took a $2.4 million impairment charge on our Rochas fashion trademark. In the fourth quarter of 2022, we again took a $6.8 million impairment charge on the Rochas fashion trademark after an independent expert concluded that the valuation of the trademark was $11.3 million. The new license also contains an option for the licensee to buy-out the Rochas fashion trademarks in June 2025 at its then fair market value.

Schedule of inventories (Detail

Schedule of inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Raw materials and component parts	$ 146,772	$ 111,312
Finished goods	143,212	87,602
Inventories	$ 289,984	$ 198,914

Inventories (Details Narrative)

Inventories (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Inventory Valuation Reserves	$ 11,400,000	$ 15,800,000
Product [Member]
Cost of Goods Sold, Overhead	$ 3,400,000	$ 3,700,000

Schedule of fair value, assets

Schedule of fair value, assets measured on recurring basis (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets:
Short-term investments	$ 150,833	$ 160,014
Interest rate swaps	6,758
Foreign currency forward exchange contracts accounted for using hedge accounting	1,189	1,982
Total Assets	158,780
Liabilities:
Foreign currency forward exchange contracts not accounted for using hedge accounting	68
Total liabilities	68	1,811
Foreign currency forward exchange contracts not accounted for using hedge accounting		63
Interest rate swaps		(234)
Fair Value, Inputs, Level 1 [Member]
Assets:
Short-term investments	19,861
Interest rate swaps
Foreign currency forward exchange contracts accounted for using hedge accounting
Total Assets	19,861
Liabilities:
Foreign currency forward exchange contracts not accounted for using hedge accounting
Total liabilities
Foreign currency forward exchange contracts not accounted for using hedge accounting
Interest rate swaps
Fair Value, Inputs, Level 2 [Member]
Assets:
Short-term investments	130,174	160,014
Interest rate swaps	6,758
Foreign currency forward exchange contracts accounted for using hedge accounting	1,189	1,982
Total Assets	138,122
Liabilities:
Foreign currency forward exchange contracts not accounted for using hedge accounting	68
Total liabilities	68	1,811
Foreign currency forward exchange contracts not accounted for using hedge accounting		63
Interest rate swaps		(234)
Fair Value, Inputs, Level 3 [Member]
Assets:
Short-term investments	798
Interest rate swaps
Foreign currency forward exchange contracts accounted for using hedge accounting
Total Assets	798
Liabilities:
Foreign currency forward exchange contracts not accounted for using hedge accounting
Total liabilities
Foreign currency forward exchange contracts not accounted for using hedge accounting
Interest rate swaps

Derivative Financial Instrume_2

Derivative Financial Instruments (Details Narrative) - Foreign Exchange Contract [Member] - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Loan amount	$ 6,300,000	$ 200,000
Foreign currency contracts, liability, fair value disclosure	$ 36,500,000

Schedule of equipment and lease

Schedule of equipment and leasehold improvements (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Equipment and leasehold improvements	$ 210,119	$ 190,249
Less accumulated depreciation and amortization	43,397	40,897
Property, Plant and Equipment, Net, Total	166,722	149,352
Building [Member]
Property, Plant and Equipment [Line Items]
Equipment and leasehold improvements	148,137	136,131
Equipment [Member]
Property, Plant and Equipment [Line Items]
Equipment and leasehold improvements	59,689	52,036
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Equipment and leasehold improvements	$ 2,293	$ 2,082

Property, Equipment and Lease_3

Property, Equipment and Leasehold Improvements (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense	$ 7,500,000	$ 4,400,000	$ 3,800,000

Schedule of trademarks, license

Schedule of trademarks, licenses and other intangible assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Amount	$ 369,373	$ 290,989
Accumulated Amortization	78,520	76,942
Net Book Value	290,853	214,047
Licensing Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Amount	205,235	109,682
Accumulated Amortization	63,535	62,286
Net Book Value	141,700	47,396
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Amount	17,849	17,775
Accumulated Amortization	14,921	14,588
Net Book Value	2,928	3,187
Indefinite-Lived Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Amount	105,022	119,712
Accumulated Amortization
Net Book Value	105,022	119,712
Finite-Lived Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Amount	41,267	43,820
Accumulated Amortization	64	68
Net Book Value	41,203	43,752
Subtotal [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Amount	264,351	171,277
Accumulated Amortization	78,520	76,942
Net Book Value	$ 185,831	$ 94,335

Trademarks, Licenses and Othe_3

Trademarks, Licenses and Other Intangible Assets (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 6,800,000	$ 5,900,000	$ 5,300,000
2023	7,000,000
2024	13,300,000
2025	12,300,000
2026	10,500,000
2027	$ 10,500,000
Amortization period	14 years
Indefinite-Lived License Agreements	$ 7,000,000
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization period	3 years
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization period	20 years
Measurement Input, Discount Rate [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted average cost of capital	9.80%	7.47%	6.99%
Indefinite-Lived Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Impairment charge	$ 6,800,000	$ 2,400,000
Indefinite-Lived Intangible Assets [Member] | Rochas Fashion Business [Member]
Finite-Lived Intangible Assets [Line Items]
Impairment charge	$ 900,000
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization period	8 years
Licensing Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization period	14 years
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization period	2 years

Accrued expenses consist of the

Accrued expenses consist of the following: (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Advertising liabilities	$ 42,338	$ 31,215
Salary (including bonus and related taxes)	21,128	19,993
Royalties	26,532	19,154
Due vendors (not yet invoiced)	105,869	45,707
Retirement reserves	8,001	10,234
Refund (return) liability	8,604	5,128
Other	1,149	5,246
Total	$ 213,621	$ 136,677

Long-term debt consists of the

Long-term debt consists of the following: (Details) € in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) Number	Dec. 31, 2022 EUR (€) Number	Dec. 31, 2021 USD ($)	Apr. 30, 2021 USD ($)	Apr. 30, 2021 EUR (€)
Debt Instrument [Line Items]
Loan payable	$ 180,041,000		$ 148,803,000
Less current maturities	28,547,000		15,911,000
Total	151,494,000		132,902,000
Loans Payable [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 53,300,000	€ 50
Number of installments | Number	48	48
Installment amount (in Dollars)	$ 1,100,000,000
Interest per annum	0.825%	0.825%
Loan payable	$ 52,061,000
Loans Payable One [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 135,900,000			$ 128,000,000	€ 120
Number of installments | Number	120	120
Installment amount (in Dollars)	$ 1,100,000,000
Interest per annum	0.75%	0.75%
Loan payable	$ 104,758,000		124,375,000
Loans Payable Two [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 15,000,000
Number of installments | Number	14	14
Installment amount (in Dollars)	$ 1,100,000,000
Interest per annum	4.10%	4.10%
Loan payable	$ 9,890,000		10,569,000
Loans Payable Three [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 17,000,000
Number of installments | Number	10	10
Installment amount (in Dollars)	$ 1,700,000,000
Interest per annum	2%	2%
Loan payable	$ 13,332,000		$ 13,859,000

Loans Payable _ Banks (Details

Loans Payable – Banks (Details Narrative) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Domestic Subsidiaries [Member]
Debt Instrument [Line Items]
Line of credit, maximum borrowing amount	$ 20
Domestic Subsidiaries [Member] | London Interbank Offered Rate [Member]
Debt Instrument [Line Items]
Basis spread over variable interest rate	2%
Variable rate	4.30%
Line of Credit Facility, Expiration Date	Dec. 15, 2023
Foreign Subsidiaries [Member]
Debt Instrument [Line Items]
Line of credit, maximum borrowing amount	$ 20
Foreign Subsidiaries [Member] | Euro Interbank Offered Rate [Member]
Debt Instrument [Line Items]
Variable rate	0.576%
Foreign Subsidiaries [Member] | Euro Interbank Offered Rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis spread over variable interest rate	0.60%
Foreign Subsidiaries [Member] | Euro Interbank Offered Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis spread over variable interest rate	0.90%

Long-Term Debt (Details Narrati

Long-Term Debt (Details Narrative) € in Millions	1 Months Ended	12 Months Ended
	Apr. 30, 2021 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 EUR (€)	Apr. 30, 2021 EUR (€)
Debt Instrument [Line Items]
Long term debt maturity, description		28.7 million per year thereafter through 2033.
Long-term Debt, Maturities, 2021		$ 30,400,000
Loans Payable [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 53,300,000	€ 50
Long term debt maturity, description		The loan agreement bears interest at EURIBOR-1 month rates plus a margin of 0.825%. This variable rate debt was swapped for variable interest rate debt with a maximum rate of 2% per annum.
Loans Payable One [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 128,000,000	$ 135,900,000		€ 120
Long term debt maturity, description	Approximately $85.3 million (€80.0 million) of the variable rate debt was swapped for variable interest rate debt with maximum rate of 2% per annum.

Maturities of lease liabilities

Maturities of lease liabilities subsequent to December 31, 2022 are as follows: (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2023	$ 5,723
2024	5,971
2025	4,847
2026	4,049
2027	4,060
Thereafter	6,913
Gross Total	31,563
Less imputed interest (based on 2.6% weighted-average discount rate)	(1,932)
Net Total	$ 29,631

minimum annual royalties and ot

minimum annual royalties and other commitments as follows: (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
License agreement, expiration description	The Company is party to a number of license and other agreements for the use of trademarks and rights in connection with the manufacture and sale of its products expiring at various dates through 2033.
2023	$ 217,852
2024	224,201
2025	218,047
2026	139,348
2027	132,502
Thereafter	986,434
Total	$ 1,918,384

Commitments (Details Narrative)

Commitments (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining lease term	5 years 9 months 18 days
Operating lease of related to rental expenses	$ 5,600,000	$ 8,200,000	$ 6,200,000
Operating lease payments	4,900,000
Noncash additions to operating lease assets	300,000
Royalty expense	$ 87,000,000	$ 68,900,000	$ 41,100,000
Royalty expense, percentage of net sales	8%	7.80%	7.60%
Operating Lease [Member]
Finite-Lived Intangible Assets [Line Items]
Operating lease, weighted average discount rate	2.60%

The following table sets forth

The following table sets forth information with respect to nonvested options for 2022: (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Equity:
Nonvested options - beginning of year	209,510
Weighted Average Grant Date Fair Value, beginning of year	$ 13.45
Nonvested options granted	62,000	9,000	9,000
Weighted Average Grant Date Fair Value, granted	$ 20.36
Nonvested options vested or forfeited	(102,780)
Weighted Average Grant Date Fair Value, vested or forfeited	$ 12.93
Nonvested options - end of year	168,730	209,510
Weighted Average Grant Date Fair Value, end of year	$ 16.31	$ 13.45

The effect of share-based payme

The effect of share-based payment expenses decreased income statement line items as follows: (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income before income taxes	$ 194,219	$ 151,019	$ 69,349
Net income attributable to Inter Parfums, Inc.	$ 120,938	$ 87,411	$ 38,219
Diluted earnings per share attributable to Inter Parfums, Inc	$ 3.78	$ 2.75	$ 1.21
Operating Income (Loss) [Member]
Income before income taxes	$ 3,143	$ 2,850	$ 3,030
Net income attributable to Inter Parfums, Inc.	$ 2,036	$ 1,880	$ 2,040
Diluted earnings per share attributable to Inter Parfums, Inc	$ 0.06	$ 0.06	$ 0.06

The following table summarizes

The following table summarizes stock option activity and related information for the years ended December 31, 2022, 2021 and 2020: (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Equity:
Options shares under option - beginning of year	524,900	713,210	815,800
Weighted average exercise price shares under option - beginning of year	$ 57.58	$ 52.74	$ 49.89
Options granted	62,000	9,000	9,000
Weighted average exercise price options granted	$ 97.84	$ 62.18	$ 69.11
Options exercised	(136,880)	(156,490)	(95,570)
Weighted average exercise price options exercised	$ 43.86	$ 34.46	$ 28.99
Options forfeited	(8,440)	(40,820)	(16,020)
Weighted average exercise price options forfeited	$ 67.65	$ 62.57	$ 58.38
Options shares under option - end of year	441,580	524,900	713,210
Weighted average exercise price shares under option - end of year	$ 67.30	$ 57.58	$ 52.74

The assumptions used in the Bla

The assumptions used in the Black-Scholes pricing model are set forth in the following table: (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Equity:
Weighted-average expected stock-price volatility	26%	25%	25%
Weighted-average expected option life	4 years	5 years	5 years
Weighted-average risk-free interest rate	4%	0.40%	1.40%
Weighted-average dividend yield	2.40%	1.60%	2.50%

Proceeds, tax benefits and intr

Proceeds, tax benefits and intrinsic value related to stock options exercised were as follows: (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Equity:
Proceeds from stock options exercised	$ 6,003	$ 5,393	$ 2,771
Tax benefits	800	1,300	400
Intrinsic value of stock options exercised	$ 6,760	$ 7,800	$ 2,873

The following table summarize_2

The following table summarizes additional stock option information as of December 31, 2022: (Details)	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Options outstanding	441,580
Options outstanding weighted average remaining contractual life	2 years 7 months 13 days
Options exercisable	272,850
Exercise Price Range One [Member]
Options outstanding	103,460
Options exercisable	101,860
Exercise Price Range Two [Member]
Options outstanding	139,900
Options exercisable	97,210
Exercise Price Range Three [Member]
Exercise price range (in dollars per share) | $ / shares	$ 73.09
Options outstanding	136,220
Options outstanding weighted average remaining contractual life	3 years
Options exercisable	73,780
Exercise Price Range Four [Member]
Exercise price range (in dollars per share) | $ / shares	$ 97.84
Options outstanding	62,000
Options outstanding weighted average remaining contractual life	5 years 10 months 6 days
Options exercisable
Minimum [Member] | Exercise Price Range One [Member]
Exercise price range (in dollars per share) | $ / shares	$ 40.15
Minimum [Member] | Exercise Price Range Two [Member]
Exercise price range (in dollars per share) | $ / shares	62.18
Maximum [Member] | Exercise Price Range One [Member]
Exercise price range (in dollars per share) | $ / shares	$ 46.90
Options outstanding weighted average remaining contractual life	11 months 15 days
Maximum [Member] | Exercise Price Range Two [Member]
Exercise price range (in dollars per share) | $ / shares	$ 69.11
Options outstanding weighted average remaining contractual life	2 years 15 days

Equity (Details Narrative)

Equity (Details Narrative) - USD ($)		1 Months Ended	12 Months Ended
	Jun. 30, 2022	Oct. 31, 2019	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Mar. 31, 2023	Mar. 31, 2022	Feb. 28, 2021	Dec. 31, 2018
Subsidiary or Equity Method Investee [Line Items]
Weighted average grant date fair value (in dollars per share)			$ 20.36
Weighted average exercise price of options exercisable			$ 59.46
Weighted average remaining contractual life of options exercisable			1 year 10 months 17 days
Aggregate intrinsic value of options exercisable			$ 10,100,000
Straight line basis over the requisite			3 years
Aggregate cost			$ 3,000,000
Percentage of increase in annual dividend		20%
Dividends payable, amount per share (in Dollars per share)		$ 1.32
Subsequent Event [Member]
Subsidiary or Equity Method Investee [Line Items]
Dividends payable, amount per share (in Dollars per share)						$ 0.625
interparfums S A [Member]
Subsidiary or Equity Method Investee [Line Items]
Aggregate cost			4,100,000
Board of Directors Chairman [Member]
Subsidiary or Equity Method Investee [Line Items]
Dividends payable, amount per share (in Dollars per share)								$ 2.50
Interparfums SA Subsidiary [Member]
Subsidiary or Equity Method Investee [Line Items]
Shares adjusted for stock splits	211,955
Recognized as compensation cost			$ 4,800,000
Interparfums SA Subsidiary [Member] | Employees [Member]
Subsidiary or Equity Method Investee [Line Items]
Aggregate intrinsic value of options outstanding									$ 133,000
Adjusted for stock splits (in shares)			63,281				88,400		26,600
Number of share distributed			85,062
Equity Option [Member]
Subsidiary or Equity Method Investee [Line Items]
Number of shares available for grant (in shares)			558,975
Aggregate intrinsic value of options outstanding			$ 13,000,000
Term			5 years
Stock Option One [Member]
Subsidiary or Equity Method Investee [Line Items]
Aggregate intrinsic value of options outstanding			$ 2,700,000
Equity Option [Member]
Subsidiary or Equity Method Investee [Line Items]
Fair value of shares vested			$ 1,300,000	$ 1,400,000	$ 1,700,000
Weighted average grant date fair value (in dollars per share)			$ 20.36	$ 11.35	$ 12.16
Minimum [Member] | Equity Option [Member]
Subsidiary or Equity Method Investee [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting period			4 years
Maximum [Member] | Equity Option [Member]
Subsidiary or Equity Method Investee [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting period			5 years

The reconciliation between the

The reconciliation between the numerators and denominators of the basic and diluted EPS computations is as follows: (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share [Abstract]
Numerator for diluted earnings per share (in dollars)	$ 120,938	$ 87,411	$ 38,219
Weighted average shares	31,859,417	31,676,796	31,536,659
Stock options	129,336	158,612	117,885
Denominator for diluted earnings per share	31,988,753	31,835,408	31,654,544
Basic (in dollars per share)	$ 3.80	$ 2.76	$ 1.21
Diluted (in dollars per share)	$ 3.78	$ 2.75	$ 1.21

Net Income Attributable to In_5

Net Income Attributable to Inter Parfums, Inc. Common Shareholders (Details Narrative) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount	38,000	175,000	450,000

Information on the Company_s op

Information on the Company’s operations by segments is as follows: (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	$ 1,086,653	$ 879,516	$ 539,009
Net Income (Loss) Attributable to Parent	120,938	87,411	38,219
Depreciation, Depletion and Amortization, Nonproduction	22,539	12,698	9,067
Investment Income, Interest and Dividend	5,486	3,403	2,865
Investment Income, Interest and Dividend	(5,486)	(3,403)	(2,865)
Interest expense	3,599	2,825	1,970
Interest expense	(3,599)	(2,825)	(1,970)
Income Tax Expense (Benefit)	43,182	40,992	19,381
Assets	1,308,542	1,145,364	890,145
Assets	(1,308,542)	(1,145,364)	(890,145)
Additions to Other Assets, Amount	33,756	141,274	12,263
Long-Lived Assets	485,538	397,127	258,422
Deferred Income Tax Assets, Net	11,159	7,936	8,041
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	342,644	216,559	117,489
Net Income (Loss) Attributable to Parent	43,745	29,359	7,942
Depreciation, Depletion and Amortization, Nonproduction	6,355	3,835	3,354
Investment Income, Interest and Dividend	66	3	24
Investment Income, Interest and Dividend	(66)	(3)	(24)
Interest expense	1,100	636	604
Interest expense	(1,100)	(636)	(604)
Income Tax Expense (Benefit)	6,920	5,336	1,590
Assets	278,090	247,703	141,316
Assets	(278,090)	(247,703)	(141,316)
Additions to Other Assets, Amount	2,318	2,711	1,004
Long-Lived Assets	61,539	63,094	40,656
Deferred Income Tax Assets, Net	2,906	870	886
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	744,075	663,290	422,947
Net Income (Loss) Attributable to Parent	77,193	57,869	30,241
Depreciation, Depletion and Amortization, Nonproduction	16,184	8,863	5,713
Investment Income, Interest and Dividend	5,769	3,526	2,971
Investment Income, Interest and Dividend	(5,769)	(3,526)	(2,971)
Interest expense	2,848	2,315	1,496
Interest expense	(2,848)	(2,315)	(1,496)
Income Tax Expense (Benefit)	36,262	35,607	17,782
Assets	1,052,004	931,735	758,812
Assets	(1,052,004)	(931,735)	(758,812)
Additions to Other Assets, Amount	31,438	138,563	11,259
Long-Lived Assets	423,999	334,033	217,766
Deferred Income Tax Assets, Net	8,253	7,066	7,106
Eliminations [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	(66)	(333)	(1,427)
Net Income (Loss) Attributable to Parent		183	36
Investment Income, Interest and Dividend	349	126	130
Investment Income, Interest and Dividend	(349)	(126)	(130)
Interest expense	349	126	130
Interest expense	(349)	(126)	(130)
Income Tax Expense (Benefit)		49	9
Assets	21,552	34,074	9,983
Assets	(21,552)	(34,074)	(9,983)
Deferred Income Tax Assets, Net			$ 49

Consolidated net sales to custo

Consolidated net sales to customers by region are as follows: (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 1,086,700	$ 879,500	$ 539,000
North America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	431,900	354,100	193,500
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	333,400	271,600	180,200
Asia [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	152,700	128,000	79,700
Middle East [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	87,800	61,000	46,800
Central and South America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	69,900	56,400	32,500
Other Segment Country [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 11,000	$ 8,400	$ 6,300

Consolidated net sales to cus_2

Consolidated net sales to customers in major countries are as follows: (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	$ 1,086,653	$ 879,516	$ 539,009
United States [Member]
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	420,900	351,300	187,300
France [Member]
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	44,800	44,000	37,600
Russia [Member]
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	33,964	43,400	14,100
United Kingdom [Member]
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	$ 37,900	$ 38,500	$ 24,600

Segments and Geographic Areas_2

Segments and Geographic Areas (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue from export sales	$ 1,086,700,000	$ 879,500,000	$ 539,000,000
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue from export sales	$ 169,100,000	$ 126,200,000	$ 71,500,000

The components of income before

The components of income before income taxes consist of the following: (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
U.S. operations	$ 50,250	$ 34,742	$ 9,577
Foreign operations	143,969	116,277	59,772
Income before income taxes	$ 194,219	$ 151,019	$ 69,349

The provision for current and d

The provision for current and deferred income tax expense (benefit) consists of the following: (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Federal	$ 6,829	$ 4,825	$ 1,685
State and local	658	518	90
Foreign	39,458	36,164	17,024
Current income tax expense	46,945	41,507	18,799
Federal	(802)	4	(215)
State and local	(49)	11	44
Foreign	(2,912)	(530)	753
Deferred income tax expense	(3,763)	(515)	582
Total income tax expense	$ 43,182	$ 40,992	$ 19,381

The tax effects of temporary di

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are as follows: (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Net deferred tax assets:
Foreign net operating loss carry-forwards	$ 554	$ 1,292
Inventory and accounts receivable	3,880	4,508
Profit sharing	2,871	3,787
Stock option compensation	716	732
Effect of inventory profit elimination	9,342	5,112
Other	266	407
Total gross deferred tax assets, net	17,629	15,838
Valuation allowance	(554)	(3,582)
Net deferred tax assets	17,075	12,256
Deferred tax liabilities (long-term):
Building expenses	(1,356)	(1,082)
Trademarks and licenses	(2,160)	(2,551)
Unrealized gain on marketable equity securities	(1,745)	(436)
Other	(655)	(251)
Total deferred tax liabilities	(5,916)	(4,320)
Net deferred tax assets	$ 11,159	$ 7,936

Differences between the United

Differences between the United States federal statutory income tax rate and the effective income tax rate were as follows: (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Statutory rates	21%	21%	21%
State and local taxes, net of Federal benefit	0.20%	0.30%	0.20%
Windfall benefit from exercise of stock options	(0.40%)	(0.90%)	(0.60%)
Benefit of Foreign Derived Intangible Income	(0.80%)	(0.60%)	(0.40%)
Effect of foreign taxes greater than U.S. statutory rates	3.10%	7.40%	7.50%
Other	(0.90%)	(0.10%)	0.20%
Effective rates	22.20%	27.10%	27.90%

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Deferred Foreign Income Tax Expense (Benefit)	$ (2,912,000)	$ (530,000)	$ 753,000
Foreign Derived Intangible Income [Member]
Defined Benefit Plan Disclosure [Line Items]
Deferred Foreign Income Tax Expense (Benefit)	$ 1,500,000	$ 900,000	$ 300,000

The components of accumulated o

The components of accumulated other comprehensive loss consist of the following: (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	$ (56,056)	$ (38,432)	$ (5,997)
Accumulated Defined Benefit Plans Net Derivative Instruments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net derivative instruments, beginning of year	(992)		52
Net derivative instrument gain (loss), net of tax	2,701	(992)	(52)
Net derivative instruments, end of year	1,709	(992)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cumulative translation adjustments, beginning of year	(37,440)	(5,997)	(39,905)
Translation adjustments	(20,325)	(31,443)	33,908
Cumulative translation adjustments, end of year	$ (57,765)	$ (37,440)	$ (5,997)

Schedule of net income attribut

Schedule of net income attributable to transfers from the noncontrolling interest (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Noncontrolling Interest [Abstract]
Net income attributable to Inter Parfums, Inc.	$ 120,938	$ 87,411	$ 38,219
Decrease in Inter Parfums, Inc.’s additional paid-in capital for subsidiary share transactions
Change from net income attributable to Inter Parfums, Inc. and transfers from noncontrolling interest	$ 120,938	$ 87,411	$ 38,219

The following table summarize_3

The following table summarizes cash and cash equivalents as of December 31, 2021: (Details) $ in Thousands	Dec. 31, 2021 USD ($)
Reconciliation Of Cash And Cash Equivalents To Statement Of Cash Flows
Cash and cash equivalents per balance sheet	$ 159,613
Cash held in escrow included in other assets (see note 3)	8,774
Cash and cash equivalents per statement of cash flows	$ 168,387

Schedule of Valuation and Quali

Schedule of Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021		Dec. 31, 2020
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at beginning of period		$ 2,247	$ 5,550		$ 2,452
Charged to costs and expenses		2,353	877		4,824
Charged to other accounts describe	[1]	1,134	(843)		381
Deductions describe	[2]	1,044	3,336		2,107
Balance at end of period		4,690	2,247		5,550
Sales Returns and Allowances [Member]
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at beginning of period		3,242	2,242		2,587
Charged to costs and expenses		4,997	3,042		1,978
Charged to other accounts describe
Deductions describe	[3]	2,829	2,042		2,323
Balance at end of period		5,410	3,242		2,242
SEC Schedule, 12-09, Reserve, Inventory [Member]
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at beginning of period		15,777	9,371		4,909
Charged to costs and expenses		8,742	8,217		7,212
Charged to other accounts describe	[1]	(378)	7,041	[4]	616
Deductions describe	[5]	12,710	8,852		3,366
Balance at end of period		$ 11,431	$ 15,777		$ 9,371
[1]Foreign currency translation adjustment[2]Write-off of bad debts.[3]Write-off of sales returns.[4]Inventory reserves acquired of $7,639[5]Disposal of inventory