Inter Parfums (IPAR) 10-K 27 Feb 24 2023 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2023	Feb. 26, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
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			$ 2,437,984,859
Entity Common Stock, Shares Outstanding		32,021,700
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
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, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 88,462	$ 104,713
Short-term investments	94,304	150,833
Accounts receivable, net	247,240	197,584
Inventories	371,859	289,984
Receivables, other	7,012	28,803
Other current assets	29,458	15,650
Income taxes receivable	691	157
Total current assets	839,026	787,724
Property, equipment and leasehold improvements, net	169,222	166,722
Right-of-use assets, net	28,613	27,964
Trademarks, licenses and other intangible assets, net	296,356	290,853
Deferred tax assets	14,545	11,159
Other assets	21,567	24,120
Total assets	1,369,329	1,308,542
Current liabilities:
Loans payable - banks	4,420
Current portion of long-term debt	29,587	28,547
Current portion of lease liabilities	5,951	5,296
Accounts payable - trade	97,409	88,388
Accrued expenses	178,880	213,621
Income taxes payable	8,498	8,715
Total current liabilities	324,745	344,567
Long–term debt, less current portion	127,897	151,494
Lease liabilities, less current portion	24,517	24,335
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, 32,004,660 and 31,967,300 shares on December 31, 2023, and 2022, respectively	32	32
Additional paid-in capital	98,565	90,186
Retained earnings	693,848	620,095
Accumulated other comprehensive loss	(40,188)	(56,056)
Treasury stock, at cost, 9,981,665 and 9,864,805 common shares on December 31, 2023, and 2022, respectively	(52,864)	(37,475)
Total Inter Parfums, Inc. shareholders’ equity	699,393	616,782
Noncontrolling interest	192,777	171,364
Total equity	892,170	788,146
Total liabilities and equity	$ 1,369,329	$ 1,308,542

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
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	32,004,660	31,967,300
Treasury stock, shares	9,981,665	9,864,805

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Net sales	$ 1,317,675	$ 1,086,653	$ 879,516
Cost of sales	478,597	392,231	322,614
Gross margin	839,078	694,422	556,902
Selling, general, and administrative expenses	587,696	492,370	406,459
Impairment loss		7,749	2,393
Income from operations	251,382	194,303	148,050
Other expenses (income):
Interest expense	11,253	3,599	2,825
Loss (gain) on foreign currency	1,582	1,921	(2,338)
Interest and investment income	(10,729)	(5,486)	(3,403)
Other (income) expense	(317)	50	(53)
Nonoperating Income (Expense)	1,789	84	(2,969)
Income before income taxes	249,593	194,219	151,019
Income taxes	61,817	43,182	40,992
Net income	187,776	151,037	110,027
Less: Net income attributable to the noncontrolling interest	35,122	30,099	22,616
Net income attributable to Inter Parfums, Inc.	$ 152,654	$ 120,938	$ 87,411
Net income attributable to Inter Parfums, Inc. common shareholders:
Basic	$ 4.77	$ 3.80	$ 2.76
Diluted	$ 4.75	$ 3.78	$ 2.75
Weighted average number of shares outstanding:
Basic	31,994,328	31,859,417	31,676,796
Diluted	32,139,702	31,988,753	31,835,408
Dividends declared per share	$ 2.50	$ 2	$ 1

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Net income	$ 187,776	$ 151,037	$ 110,027
Other comprehensive income:
Net derivative instrument (loss) income,  net of tax	(3,329)	2,356	(1,367)
Transfer of OCI into earnings	1,709	992
Translation adjustments, net of tax	24,042	(29,683)	(42,967)
Other comprehensive income (loss), before tax	22,422	(26,335)	(44,334)
Comprehensive income	210,198	124,702	65,693
Comprehensive income attributable to noncontrolling interests:
Net income	35,122	30,099	22,616
Net derivative instrument income (loss),  net of tax	25	647	(375)
Translation adjustments, net of tax	6,529	(9,358)	(11,524)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest	41,676	21,388	10,717
Comprehensive income attributable to Inter Parfums Inc.	$ 168,522	$ 103,314	$ 54,976

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' 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, 2020	$ 32	$ 75,708	$ 503,567	$ (5,997)	$ (37,475)	$ 166,615	$ 702,450
Shares issued upon exercise of stock options		5,393
Share-based compensation		1,566	1,375			(293)
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
Net derivative instrument income (loss), net of tax				(992)		(375)
Shares repurchased
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	0	6,004
Share-based compensation		1,355	2,237			(282)
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
Net derivative instrument income (loss), net of tax				1,709		647
Shares repurchased
Ending Balance at Dec. 31, 2022	32	90,186	620,095	(56,056)	(37,475)	171,364	788,146
Shares issued upon exercise of stock options		8,025
Share-based compensation		1,246	1,146			180
Shares issued for license acquisition
Transfer of subsidiary shares purchased		(892)				(142)
Net income			152,654			35,122	187,776
Dividends			(80,047)			(20,301)
Foreign currency translation adjustment, net of tax				17,513		6,529
Transfer from other comprehensive income into earnings				1,709
Net derivative instrument income (loss), net of tax				(3,354)		25
Shares repurchased					(15,389)
Ending Balance at Dec. 31, 2023	$ 32	$ 98,565	$ 693,848	$ (40,188)	$ (52,864)	$ 192,777	$ 892,170

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net income	$ 187,776,000	$ 151,037,000	$ 110,027,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization including impairment loss	17,331,000	22,539,000	12,698,000
Provision for doubtful accounts	(1,734,000)	2,353,000	853,000
Noncash stock compensation	2,525,000	3,143,000	2,853,000
Share of (income) loss of equity investment	(317,000)	49,000	(53,000)
Noncash lease expense	5,448,000	4,980,000	7,302,000
Deferred tax benefit	(2,987,000)	(3,604,000)	(465,000)
Change in fair value of derivatives	(301,000)	227,000	65,000
Changes in:
Accounts receivable	(36,843,000)	(59,640,000)	(45,395,000)
Inventories	(73,700,000)	(98,297,000)	(49,815,000)
Other assets	11,868,000	(13,651,000)	(16,725,000)
Operating lease liabilities	(5,290,000)	(4,795,000)	(7,503,000)
Accounts payable and accrued expenses	3,064,000	64,738,000	103,046,000
Income taxes, net	(1,066,000)	3,952,000	2,698,000
Net cash provided by operating activities	105,774,000	73,031,000	119,586,000
Cash flows from investing activities:
Purchases of short-term investments	(221,111,000)	(1,038,000)	(55,691,000)
Proceeds from sale of short-term investments	281,741,000	896,000	10,644,000
Purchase of property, equipment and leasehold improvements	(6,465,000)	(33,756,000)	(141,274,000)
Payment for intangible assets acquired	(46,903,000)	(56,746,000)	(1,545,000)
Net cash provided by (used in) investing activities	7,262,000	(90,644,000)	(187,866,000)
Cash flows from financing activities:
Proceeds from loans payable, bank	4,325,000
Proceeds from issuance of long-term debt		52,492,000	157,382,000
Repayment of long-term debt	(28,800,000)	(19,861,000)	(43,056,000)
Proceeds from exercise of options	8,025,000	6,003,000	5,393,000
Purchase of subsidiary shares from noncontrolling interests	(1,027,000)	(4,403,000)
Dividends paid	(80,047,000)	(63,743,000)	(31,690,000)
Dividends paid to noncontrolling interests	(20,301,000)	(16,056,000)	(9,836,000)
Purchase of treasury stock	(15,389,000)
Net cash (used in) provided by financing activities	(133,214,000)	(45,568,000)	78,193,000
Effect of exchange rate changes on cash	3,927,000	(493,000)	(11,207,000)
Net decrease in cash and cash equivalents	(16,251,000)	(63,674,000)	(1,294,000)
Cash and cash equivalents – beginning of year	104,713,000	168,387,000	169,681,000
Cash and cash equivalents – end of year	88,462,000	104,713,000	168,387,000
Cash paid for:
Interest	5,823,000	2,987,000	2,468,000
Income taxes	$ 60,990,000	$ 38,492,000	$ 40,497,000

The Company and its Significant

The Company and its Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
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 prestige 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 Jimmy Choo, Montblanc, Coach and GUESS brand names. As a percentage of net sales, product sales for the Company’s largest brands were as follows: Year Ended December 31, 2023 2022 2021 Jimmy Choo 17 % 18 % 18 % Montblanc 17 % 18 % 19 % Coach 15 % 15 % 16 % GUESS 12 % 12 % 12 % Donna Karan/DKNY 7 % 3 % — Ferragamo 5 % 5 % 1 % 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 marketable equity securities, certificates of deposit and other contracts with maturities greater than three months. 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 $ 2.1 million 4.7 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. Depreciation is provided using the straight-line method over the estimated useful lives for furniture and equipment, which range between three and fifteen years. Depreciation on buildings and leasehold improvements is calculated using the straight-line method over the shorter of the lease term or estimated useful asset lives, which range between seven and fifty years. 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 10.39 9.80 Intangible assets subject to amortization principally consist of licenses and are amortized on a straight-line basis over the shorter of the license term or estimated economic life, ranging from three to twenty years. 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 in U.S. dollars, and sales of such products by our foreign subsidiaries are primarily denominated in either euro or U.S. dollars. The substantial majority of our revenue is recognized at a point in time when control of the promised goods is transferred to customers based on agreed upon shipping terms, which usually occurs upon delivery. Revenue is recognized in an amount that reflects the consideration that we expect to receive in exchange for those goods. Net sales are comprised of gross revenues less incentives to customers such as returns, trade discounts and allowances, which give rise to variable consideration. The Company does not bill its customers’ freight and handling charges. All shipping and handling costs, which aggregated $ 14.2 million 15.8 million 10.0 million 12 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 $ 5.5 million 8.6 million 2.4 million 3.2 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 $ 259.9 million 212.4 million 171.1 million 52.3 million 43.1 million 36.9 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 prestige fragrances 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 consolidated 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 has authorized share repurchases of the Company’s common stock (Share Repurchase Authorizations). Share repurchases under Share Repurchase Authorizations are 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. Recent Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The ASU updates reportable segment disclosure requirements, primarily through requiring enhanced disclosures about significant segment expenses and information used to assess segment performance and allocate resources. The guidance is effective for fiscal years beginning after December 15, 2023, and interim periods for fiscal years beginning after December 15, 2024, on a retrospective basis. Early adoption is permitted. We are currently evaluating the impact of adopting this ASU on our disclosures. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The ASU includes amendments requiring enhanced income tax disclosures, primarily related to standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. The guidance is effective for annual periods beginning after December 15, 2024. Early adoption is permitted and shall be applied on a prospective basis with the option to apply retrospectively. We are currently evaluating the impact of adopting this ASU on our disclosures. There are no other recent accounting pronouncements issued but not yet adopted that would have a material effect on our consolidated financial statements. Reclassifications Certain prior year amounts in the accompanying notes to consolidated financial statements have been reclassified to conform with current period presentation. Correction of Immaterial Misstatements in Prior Period Financial Statements During the year ended December 31, 2023, the Company identified an error that caused an overstatement of line items on the previously reported consolidated statement of cash flows. The error does not impact any other consolidated financial statement included herein. Specifically, the error related to the timing of payments to Lacoste in accordance with the acquisition agreement of the Lacoste trademark in 2022 . This error had no impact on net income or earnings per share for the year ended December 31, 2022. The impact of the error resulted in a movement of $ 42.1 between “Change in Accounts payable and accrued expenses” within operating cash flows and “Payment for intangible assets acquired” within investing cash flows. In accordance with Staff Accounting Bulletin (“SAB”) No. 99, Materiality, and SAB No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements, the Company evaluated the errors and determined that the impact was not material to any of our previously issued financial statements. The following table presents a summary of the impact by financial statement line item of the corrections for the year ended December 31, 2022: For the Year Ended December 31, 2022 Consolidated Statement of Cash Flow As previously reported Adjustment As revised (in thousands) Change in Accounts payable and accrued expenses 106,857 (42,119 ) 64,738 Net cash provided by operating activities 115,150 (42,119 ) 73,031 Payments for intangible assets acquired (98,865 ) 42,119 (56,746 ) Net cash used in investing activities (132,763 ) 42,119 (90,644 )

Impact of COVID-19 Pandemic

Impact of COVID-19 Pandemic	12 Months Ended
	Dec. 31, 2023
Unusual or Infrequent Items, or Both [Abstract]
Impact of COVID-19 Pandemic	(2) Impact of COVID-19 Pandemic Our business has continued to significantly improve throughout 2021, 2022, and 2023 after the disastrous effects of the COVID-19 Pandemic starting in early 2020, as retail stores reopened, and consumers increased online purchasing. While the COVID-19 Pandemic had significantly restricted international travel, the travel retail business has picked up. We experienced significant strains on our supply chain causing disruptions affecting the procurement of components, the ability to transport goods, and related cost increases. These disruptions came at a time when demand for our product lines has never been stronger or more sustained. We have addressed 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. The supply chain bottlenecks are largely abated.

Recent Agreements

Recent Agreements	12 Months Ended
	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Recent Agreements	(3) Recent Agreements Abercrombie & Fitch In 2023, we announced our agreement to distribute Abercrombie & Fitch’s number one men’s fragrance, Fierce Fierce Roberto Cavalli In July 2023, we closed a transaction agreement with Roberto Cavalli, whereby an exclusive and worldwide license was granted for the production and distribution of Roberto Cavalli brand perfumes and fragrance related products. 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 July 2023 and will last for 6.5 years. 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 became effective in January 2024 and will last for 15 years. Dunhill The Dunhill fragrance license expired on September 30, 2023 and was not renewed. The Company has now entered the twelve-month sell-off period during which it will maintain the right to sell-off remaining Dunhill fragrance inventory, which is customary in the fragrance industry. All usable components have been converted to finished goods, and any remaining components will be destroyed. 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 have gained several well-established and valuable fragrance franchises, most notably Donna Karan Cashmere Mist Be Delicious In connection with the grant of license, we issued 65,342 shares of Inter Parfums, Inc. common stock valued at $5.0 million to the licensor. The exclusive license became effective July 1, 2022, and we are planning to launch new fragrances under these brands in 2024. Rochas Fashion As a result of operational challenges faced by the Rochas Fashion business we took a $2.4 million impairment charge on our Rochas fashion trademark in the first quarter of 2021. 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. In 2023, the Rochas teams underwent a strategic shift to take over their own brand operations, exiting contracts with manufacturers and distributors to make this new structure operational beginning in 2024. An independent expert concluded that the valuation based on this new business model would not require additional impairments. Land and Building Acquisition - Headquarters in Paris In April 2021, Interparfums SA, our 72 The purchase price included the complete renovation of the site. As of December 31, 2023, $ 154 139 3.1 63.3 90.7 7 50 no The acquisition was financed by a 10 120 million 132.6 million one-month Euribor plus 0.75% 80 million 2 1.1

Inventories

Inventories	12 Months Ended
	Dec. 31, 2023
Inventory Disclosure [Abstract]
Inventories	(4) Inventories Inventories consist of the following: (In thousands) December 31, December 31, Raw materials and component parts $ 158,733 $ 146,772 Finished goods 213,126 143,212 $ 371,859 $ 289,984 Overhead included in inventory aggregated $ 5.4 million 3.4 million 21.5 million 11.4 million

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2023
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. Fair Value Measurements at December 31, 2023 Quoted Prices in Significant Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) Assets: Short-term investments $ 94,304 $ 12,868 $ 80,614 $ 822 Interest rate swaps 3,909 — 3,909 — Foreign currency forward exchange contracts not accounted for using hedge accounting 359 — 359 — Foreign currency forward exchange contracts accounted for using hedge accounting 1,533 — 1,533 — Total Assets $ 100,105 $ 12,868 $ 86,415 $ 822 Fair Value Measurements at December 31, 2022 Quoted Prices in Significant Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) Assets: Short-term investments $ 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 $ 138,121 $ 798 Liabilities: Foreign currency forward exchange contracts not accounted for using hedge accounting 68 — 68 — Total liabilities $ 68 $ — $ 68 $ — 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 interest rates on the Company’s indebtedness approximate current market rates. The fair value of the Company’s long-term debt was estimated based on the current rates offered to companies for debt with the same remaining maturities and is approximately equal to its carrying value. Foreign currency forward exchange contracts are valued based on quotations from financial institutions and the value of interest rate swaps is 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, 2023
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. In December 2022, to finance the acquisition of the Lacoste trademark, the Company entered into a € 50 55.3 million 4 2 In connection with the April 2021 acquisition of the office building complex in Paris, € 120 132.6 10 80 1.1 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, 2023. Interest expense includes a loss of $ 2.8 6.3 0.2 All derivative instruments are reported as either assets or liabilities on the consolidated balance sheet measured at fair value. The valuation of interest rate swaps is included in long-term debt on the accompanying consolidated balance sheets. The valuation of foreign currency forward exchange contracts at December 31, 2023 and December 31, 2022, resulted in an asset and is included in other current assets on the accompanying consolidated balance sheets. At December 31, 2023, the Company had foreign currency contracts in the form of forward exchange contracts with notional amounts of approximately U.S. $ 61.0 2.5

Property, Equipment and Leaseho

Property, Equipment and Leasehold Improvements	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Property, Equipment and Leasehold Improvements	(7) Property, Equipment and Leasehold Improvements Schedule of equipment and leasehold improvements December 31, 2023 2022 Land and Building (construction in progress) $ 157,057 $ 148,137 Equipment 62,384 59,689 Leasehold improvements 2,364 2,293 221,805 210,119 Less accumulated depreciation 52,583 43,397 $ 169,222 $ 166,722 Depreciation expense was $ 9.8 million 7.5 million 4.4 million

Trademarks, Licenses and Other

Trademarks, Licenses and Other Intangible Assets	12 Months Ended
	Dec. 31, 2023
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 2023 Gross Accumulated Net Book Amount Amortization Value Trademarks (indefinite lives) $ 108,760 $ — $ 108,760 Trademarks (finite lives) 42,752 66 42,686 Licenses (finite lives) 215,307 73,264 142,043 Other intangible assets (finite lives) 19,524 16,657 2,867 Subtotal 277,583 89,987 187,596 Total $ 386,343 $ 89,987 $ 296,356 2022 Gross Accumulated Net Book Amount Amortization Value 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 Amortization expense was $ 7.5 million 6.8 million 5.9 million 14.3 million 13.6 million 12.0 million 11.4 million 18 14.3 2.5 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 $ 0 6.8 million 2.4 million 0.9 million 10.39 9.80 7.47 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 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 77

Accrued Expenses

Accrued Expenses	12 Months Ended
	Dec. 31, 2023
Payables and Accruals [Abstract]
Accrued Expenses	(9) Accrued Expenses Accrued expenses consist of the following: December 31, 2023 2022 Advertising liabilities $ 64,815 $ 42,338 Salary (including bonus and related taxes) 23,546 21,128 Royalties 27,477 26,532 Due vendors (not yet invoiced) 41,859 105,869 Retirement reserves 10,444 8,001 Refund (return) liability 5,507 8,604 Other 5,232 1,149 Total $ 178,880 $ 213,621

Loans Payable _ Banks

Loans Payable – Banks	12 Months Ended
	Dec. 31, 2023
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 $ 25 2 5.3 December 13, 2024 The Company’s foreign subsidiaries have available credit lines totaling approximately $ 8 0.6 0.9 3.96 4.4 million 0 The weighted average interest rate on short-term borrowings was 4.5 0

Long-Term Debt

Long-Term Debt	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Long-Term Debt	(11) Long-Term Debt Long-term debt consists of the following: December 31, 2023 2022 $ 55.3 48 1.1 0.825 $ 40,334 $ 52,061 $ 132.6 120 1.1 0.75 95,576 104,758 $ 15 14 1.1 4.1 9,172 9,890 $ 17 10 1.7 2.0 12,402 13,332 157,484 180,041 Less current maturities 29,587 28,547 Total $ 127,897 $ 151,494 In December 2022, to finance Interparfums SA’s acquisition of the Lacoste trademark, the Company entered into a $ 55.3 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 corporate headquarters, the Company entered into a $ 132.6 million 120 Approximately $88.4 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, 2023 are approximately $ 29.6 million 29.8 million 28.6 million 15.9 million 15.9 million $ 37.7 million

Commitments

Commitments	12 Months Ended
	Dec. 31, 2023
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, 2023, the weighted average remaining lease term was 5.1 3.0 5.8 million 5.6 million 8.2 million 5.3 million 4.8 million 7.5 million 4.8 million 0.3 million 12.2 million Maturities of lease liabilities subsequent to December 31, 2023 are as follows: (In thousands) 2024 $ 6,370 2025 6,031 2026 5,276 2027 5,389 2028 5,372 Thereafter 3,529 31,967 Less imputed interest (based on 3.0% weighted-average discount rate) (1,499 ) $ 30,468 License Agreements The Company is party to a number of licenses 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 2039. the Company is subject to minimum annual advertising commitments, minimum annual royalties and other commitments as follows: (In thousands) 2024 $ 288,005 2025 280,721 2026 251,718 2027 233,945 2028 243,286 Thereafter 1,055,918 $ 2,353,593 Future advertising commitments are estimated based on planned future sales for the license terms that were in effect at December 31, 2023, 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 $ 103.8 million 87.0 million 68.9 million 7.9 8.0 7.8

Equity

Equity	12 Months Ended
	Dec. 31, 2023
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 1.2 million 1.3 million 1.4 million The following table sets forth information with respect to nonvested options for 2023: Number of Shares Weighted Average Grant Date Fair Value Nonvested options – beginning of year 168,730 $ 16.31 Nonvested options granted 47,500 $ 35.08 Nonvested options vested or forfeited (94,130 ) $ 15.19 Nonvested options – end of year 122,100 $ 24.47 The effect of share-based payment expenses decreased income statement line items as follows: Year Ended December 31, 2023 2022 2021 Income before income taxes $ 2,525 $ 3,143 $ 2,850 Net income attributable to Inter Parfums, Inc. 1,700 2,036 1,880 Diluted earnings per share attributable to Inter Parfums, Inc. 0.05 0.06 0.06 The following table summarizes stock option activity and related information for the years ended December 31, 2023, 2022 and 2021: Year ended December 31, 2023 2022 2021 Options Weighted Options Weighted Options Weighted Shares under option -beginning of year 441,580 $ 67.30 524,900 $ 57.58 713,210 $ 52.74 Options granted 47,500 147.71 62,000 97.84 9,000 62.18 Options exercised (154,220 ) 52.04 (136,880 ) 43.86 (156,490 ) 34.46 Options forfeited (25,890 ) 76.32 (8,440 ) 67.65 (40,820 ) 62.57 Shares under option - 308,970 86.52 441,580 67.30 524,900 57.58 At December 31, 2023, options for 537,365 17.9 million 2.9 million five The weighted average fair values of options granted by Inter Parfums, Inc. during 2023, 2022 and 2021 were $ 35.08 20.36 11.35 The assumptions used in the Black-Scholes pricing model are set forth in the following table: Year Ended December 31, 2023 2022 2021 Weighted-average expected stock-price volatility 29 % 26 % 25 % Weighted-average expected option life 4.0 years 4.0 years 5.0 years Weighted-average risk-free interest rate 3.8 % 4.0 % 0.4 % Weighted-average dividend yield 2.0 % 2.4 % 1.6 % 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, 2023 2022 2021 Proceeds from stock options exercised $ 8,025 $ 6,003 $ 5,393 Tax benefits $ 1,150 $ 800 $ 1,300 Intrinsic value of stock options exercised $ 11,578 $ 6,760 $ 7,800 Notes to Consolidated Financial Statements The following table summarizes additional stock option information as of December 31, 2023: Exercise prices Options outstanding Options outstanding weighted average remaining contractual life Options exercisable $ 62.18 69.11 100,680 1.05 96,180 $ 73.09 104,790 2.00 79,490 $ 97.84 56,000 5.00 11,200 $ 147.71 47,500 6.00 — Totals 308,970 2.85 186,870 As of December 31, 2023, the weighted average exercise price of options exercisable was $ 70.60 1.67 13.7 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 93,405 4.2 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, 2023, the Company acquired 87,609 4.1 All share purchases and issuances have been classified as equity transactions on the accompanying consolidated balance sheet. Dividends In February 2021, the Board of Directors authorized an annual dividend of $ 1.00 100 2.00 2.50 3.00 0.75

Net Income Attributable to Inte

Net Income Attributable to Inter Parfums, Inc. Common Shareholders	12 Months Ended
	Dec. 31, 2023
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, (In thousands except share and per share data) 2023 2022 2021 Numerator: Net income attributable to Inter Parfums, Inc. $ 152,654 $ 120,938 $ 87,411 Denominator: Weighted average shares 31,994,328 31,859,417 31,676,796 Effect of dilutive securities: Stock options 145,374 129,336 158,612 Denominator for diluted earnings per share 32,139,702 31,988,753 31,835,408 Earnings per share: Net income attributable to Inter Parfums, Inc. common shareholders: Basic $ 4.77 $ 3.80 $ 2.76 Diluted 4.75 3.78 2.75 Not included in the above computations is the effect of anti-dilutive potential common shares, which consist of outstanding options to purchase 0 38,000 175,000

Segments and Geographic Areas

Segments and Geographic Areas	12 Months Ended
	Dec. 31, 2023
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 manages its business in two segments, European based operations and United States based operations. The European assets are located, and operations are primarily conducted, in France. Both European and United States based operations primarily represent the sale of prestige brand name fragrances. Information on the Company’s operations by segments is as follows: Year ended December 31, 2023 2022 2021 Net sales: United States $ 455,758 $ 342,644 $ 216,559 Europe 863,397 744,075 663,290 Eliminations of intercompany sales (1,480 ) (66 ) (333 ) $ 1,317,675 $ 1,086,653 $ 879,516 Net income attributable to Inter Parfums, Inc.: United States $ 63,781 $ 43,745 $ 29,359 Europe 89,250 77,193 57,869 Eliminations (377 ) — 183 $ 152,654 $ 120,938 $ 87,411 Depreciation and amortization expense including impairment loss: United States $ 6,517 $ 6,355 $ 3,835 Europe 10,814 16,184 8,863 $ 17,331 $ 22,539 $ 12,698 Interest and investment income: United States $ 346 $ 66 $ 3 Europe 10,810 5,769 3,526 Eliminations (427 ) (349 ) (126 ) $ 10,729 $ 5,486 $ 3,403 Interest expense: United States $ 1,351 $ 1,100 $ 636 Europe 10,329 2,848 2,315 Eliminations (427 ) (349 ) (126 ) $ 11,253 $ 3,599 $ 2,825 Income tax expense: United States $ 15,180 $ 6,920 $ 5,336 Europe 46,763 36,262 35,607 Eliminations (126 ) — 49 $ 61,817 $ 43,182 $ 40,992 December 31, 2023 2022 2021 Total assets: United States $ 344,341 $ 278,090 $ 247,703 Europe 1,066,684 1,052,004 931,735 Eliminations (41,696 ) (21,552 ) (34,074 ) $ 1,369,329 $ 1,308,542 $ 1,145,364 Additions to long-lived assets: United States $ 1,277 $ 2,318 $ 2,711 Europe 5,188 31,438 138,563 $ 6,465 $ 33,756 $ 141,274 Total long-lived assets: United States $ 57,372 $ 61,539 $ 63,094 Europe 436,819 423,999 334,033 $ 494,191 $ 485,538 $ 397,127 Deferred tax assets: United States $ 2,175 $ 2,906 $ 870 Europe 12,244 8,253 7,066 Eliminations 126 — — $ 14,545 $ 11,159 $ 7,936 United States export sales were approximately $ 230.5 million 180.0 million 133.4 million Consolidated net sales to customers by region are as follows: Year ended December 31, 2023 2022 2021 North America $ 511,700 $ 421,000 $ 346,900 Europe 404,400 333,400 271,600 Asia 191,800 163,600 135,200 Middle East 107,300 87,800 61,000 Central and South America 92,700 69,900 56,400 Other 9,800 11,000 8,400 $ 1,317,700 $ 1,086,700 $ 879,500 Consolidated net sales to customers in major countries are as follows: Year Ended December 31, 2023 2022 2021 United States $ 493,200 $ 410,000 $ 344,100 France $ 51,000 $ 44,800 $ 44,000 Russia $ 50,100 $ 33,964 $ 43,400 United Kingdom $ 47,500 $ 37,900 $ 38,500

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
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, 2023. The components of income before income taxes consist of the following: Year ended December 31, 2023 2022 2021 U.S. operations $ 78,962 $ 50,250 $ 34,742 Foreign operations 170,631 143,969 116,277 $ 249,593 $ 194,219 $ 151,019 The provision for current and deferred income tax expense (benefit) consists of the following: Year ended December 31, 2023 2022 2021 Current: Federal $ 12,062 $ 6,829 $ 4,825 State and local 712 658 518 Foreign 52,186 39,458 36,164 64,960 46,945 41,507 Deferred: Federal 199 (802 ) 4 State and local 19 (49 ) 11 Foreign (3,361 ) (2,912 ) (530 ) (3,143 ) (3,763 ) (515 ) Total income tax expense $ 61,817 $ 43,182 $ 40,992 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, 2023 2022 Net deferred tax assets: Foreign net operating loss carry-forwards $ 218 $ 554 Inventory and accounts receivable 3,138 3,880 Profit sharing 3,505 2,871 Stock option compensation 613 716 Effect of inventory profit elimination 10,957 9,342 Other 1,674 266 Total gross deferred tax assets, net 20,105 17,629 Valuation allowance (296 ) (554 ) Net deferred tax assets 19,809 17,075 Deferred tax liabilities (long-term): Building expenses (1,327 ) (1,356 ) Trademarks and licenses (2,238 ) (2,160 ) Unrealized gain on marketable equity securities (1,044 ) (1,745 ) Other (655 ) (655 ) Total deferred tax liabilities (5,264 ) (5,916 ) Net deferred tax assets $ 14,545 $ 11,159 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 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, 2023, 2022 and 2021. The Company also estimated the effect of foreign derived intangible income (“FDII”) and recorded a tax benefit of approximately $ 2.4 million 1.5 million 0.9 million A tax audit of our Company’s French subsidiary was finalized in 2023 for the tax years 2020 and 2021. As a result of the audit’s conclusions, a one-time assessment of € 2.8 million ($3.1 million) is included in tax expense in the consolidated statements of income. The Company’s French subsidiary is no longer subject to foreign tax examination for years before 2022. At this point in time, the Company does not believe they will face any further assessments for tax years still open to audit. The Company is no longer subject to U.S. federal, state, and local income tax examinations by tax authorities for years before 2020. Differences between the United States federal statutory income tax rate and the effective income tax rate were as follows: Year ended December 31, 2023 2022 2021 Statutory rates 21.0 % 21.0 % 21.0 % State and local taxes, net of Federal benefit 0.2 0.2 0.3 Windfall benefit from exercise of stock options (0.4 ) (0.4 ) (0.9 ) Benefit of Foreign Derived Intangible Income (0.9 ) (0.8 ) (0.6 ) Effect of foreign taxes greater than U.S. statutory rates 4.3 3.1 7.4 Other 0.6 (0.9 ) (0.1 ) Effective rates 24.8 % 22.2 % 27.1 %

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	12 Months Ended
	Dec. 31, 2023
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, 2023 2022 2021 Net derivative instruments, beginning of year $ 1,709 $ (992 ) $ — Net derivative instrument (loss) gain, net of tax (1,645 ) 2,701 (992 ) Net derivative instruments, end of year 64 1,709 (992 ) Cumulative translation adjustments, beginning of year (57,765 ) (37,440 ) (5,997 ) Translation adjustments 17,513 (20,325 ) (31,443 ) Cumulative translation adjustments, end of year (40,252 ) (57,765 ) (37,440 ) Accumulated other comprehensive loss $ (40,188 ) $ (56,056 ) $ (38,432 )

Reconciliation of Cash and Cash

Reconciliation of Cash and Cash Equivalents to the Statement of Cash Flows	12 Months Ended
	Dec. 31, 2023
Reconciliation Of Cash And Cash Equivalents To Statement Of Cash Flows
Reconciliation of Cash and Cash Equivalents to the Statement of Cash Flows	(18) Reconciliation of Cash and Cash Equivalents to the Statement of Cash Flows The following table provides a reconciliation of cash and cash equivalents reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows (in millions) as of December 31, 2021: December 31, 2021 Cash and cash equivalents $ 159,613 Cash held in escrow included in other assets 8,774 Cash and cash equivalents per statement of cash flows $ 168,387

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	(19) Related Party Transactions In 2023, a foreign subsidiary of Inter Parfums, Inc. began leasing office space and receiving consulting services from affiliates of the Company’s Chairman and principal stockholder. The Company incurred approximately $ 47,000

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2023
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts	Schedule II - 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 Deductions Balance at end of period Allowance for doubtful accounts: Year ended December 31, 2023 $ 4,690 (1,466 ) (670 ) (d) 450 (a) 2,104 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 (844 ) (d) 3,336 (a) 2,247 Allowance for sales returns, net of inventory: Year ended December 31, 2023 $ 5,410 3,071 — 4,783 (b) 3,698 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 Inventory reserve: Year ended December 31, 2023 $ 11,431 10,284 476 (d) 948 (c) 21,243 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 (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

The Company and its Significa_2

The Company and its Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
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 prestige 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 Jimmy Choo, Montblanc, Coach and GUESS brand names. As a percentage of net sales, product sales for the Company’s largest brands were as follows: Year Ended December 31, 2023 2022 2021 Jimmy Choo 17 % 18 % 18 % Montblanc 17 % 18 % 19 % Coach 15 % 15 % 16 % GUESS 12 % 12 % 12 % Donna Karan/DKNY 7 % 3 % — Ferragamo 5 % 5 % 1 %
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 marketable equity securities, certificates of deposit and other contracts with maturities greater than three months. 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 $ 2.1 million 4.7 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. Depreciation is provided using the straight-line method over the estimated useful lives for furniture and equipment, which range between three and fifteen years. Depreciation on buildings and leasehold improvements is calculated using the straight-line method over the shorter of the lease term or estimated useful asset lives, which range between seven and fifty years. 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 10.39 9.80 Intangible assets subject to amortization principally consist of licenses and are amortized on a straight-line basis over the shorter of the license term or estimated economic life, ranging from three to twenty years. 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 in U.S. dollars, and sales of such products by our foreign subsidiaries are primarily denominated in either euro or U.S. dollars. The substantial majority of our revenue is recognized at a point in time when control of the promised goods is transferred to customers based on agreed upon shipping terms, which usually occurs upon delivery. Revenue is recognized in an amount that reflects the consideration that we expect to receive in exchange for those goods. Net sales are comprised of gross revenues less incentives to customers such as returns, trade discounts and allowances, which give rise to variable consideration. The Company does not bill its customers’ freight and handling charges. All shipping and handling costs, which aggregated $ 14.2 million 15.8 million 10.0 million 12 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 $ 5.5 million 8.6 million 2.4 million 3.2 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 $ 259.9 million 212.4 million 171.1 million 52.3 million 43.1 million 36.9 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 prestige fragrances 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 consolidated 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 has authorized share repurchases of the Company’s common stock (Share Repurchase Authorizations). Share repurchases under Share Repurchase Authorizations are 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.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The ASU updates reportable segment disclosure requirements, primarily through requiring enhanced disclosures about significant segment expenses and information used to assess segment performance and allocate resources. The guidance is effective for fiscal years beginning after December 15, 2023, and interim periods for fiscal years beginning after December 15, 2024, on a retrospective basis. Early adoption is permitted. We are currently evaluating the impact of adopting this ASU on our disclosures. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The ASU includes amendments requiring enhanced income tax disclosures, primarily related to standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. The guidance is effective for annual periods beginning after December 15, 2024. Early adoption is permitted and shall be applied on a prospective basis with the option to apply retrospectively. We are currently evaluating the impact of adopting this ASU on our disclosures. There are no other recent accounting pronouncements issued but not yet adopted that would have a material effect on our consolidated financial statements.
Reclassifications	Reclassifications Certain prior year amounts in the accompanying notes to consolidated financial statements have been reclassified to conform with current period presentation. Correction of Immaterial Misstatements in Prior Period Financial Statements During the year ended December 31, 2023, the Company identified an error that caused an overstatement of line items on the previously reported consolidated statement of cash flows. The error does not impact any other consolidated financial statement included herein. Specifically, the error related to the timing of payments to Lacoste in accordance with the acquisition agreement of the Lacoste trademark in 2022 . This error had no impact on net income or earnings per share for the year ended December 31, 2022. The impact of the error resulted in a movement of $ 42.1 between “Change in Accounts payable and accrued expenses” within operating cash flows and “Payment for intangible assets acquired” within investing cash flows. In accordance with Staff Accounting Bulletin (“SAB”) No. 99, Materiality, and SAB No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements, the Company evaluated the errors and determined that the impact was not material to any of our previously issued financial statements. The following table presents a summary of the impact by financial statement line item of the corrections for the year ended December 31, 2022: For the Year Ended December 31, 2022 Consolidated Statement of Cash Flow As previously reported Adjustment As revised (in thousands) Change in Accounts payable and accrued expenses 106,857 (42,119 ) 64,738 Net cash provided by operating activities 115,150 (42,119 ) 73,031 Payments for intangible assets acquired (98,865 ) 42,119 (56,746 ) Net cash used in investing activities (132,763 ) 42,119 (90,644 )

The Company and its Significa_3

The Company and its Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
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 Jimmy Choo, Montblanc, Coach and GUESS brand names. As a percentage of net sales, product sales for the Company’s largest brands were as follows:	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 Jimmy Choo, Montblanc, Coach and GUESS brand names. As a percentage of net sales, product sales for the Company’s largest brands were as follows: Year Ended December 31, 2023 2022 2021 Jimmy Choo 17 % 18 % 18 % Montblanc 17 % 18 % 19 % Coach 15 % 15 % 16 % GUESS 12 % 12 % 12 % Donna Karan/DKNY 7 % 3 % — Ferragamo 5 % 5 % 1 %
The following table presents a summary of the impact by financial statement line item of the corrections for the year ended December 31, 2022:	The following table presents a summary of the impact by financial statement line item of the corrections for the year ended December 31, 2022: For the Year Ended December 31, 2022 Consolidated Statement of Cash Flow As previously reported Adjustment As revised (in thousands) Change in Accounts payable and accrued expenses 106,857 (42,119 ) 64,738 Net cash provided by operating activities 115,150 (42,119 ) 73,031 Payments for intangible assets acquired (98,865 ) 42,119 (56,746 ) Net cash used in investing activities (132,763 ) 42,119 (90,644 )

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2023
Inventory Disclosure [Abstract]
Inventories consist of the following:	Inventories consist of the following: (In thousands) December 31, December 31, Raw materials and component parts $ 158,733 $ 146,772 Finished goods 213,126 143,212 $ 371,859 $ 289,984

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value.	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. Fair Value Measurements at December 31, 2023 Quoted Prices in Significant Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) Assets: Short-term investments $ 94,304 $ 12,868 $ 80,614 $ 822 Interest rate swaps 3,909 — 3,909 — Foreign currency forward exchange contracts not accounted for using hedge accounting 359 — 359 — Foreign currency forward exchange contracts accounted for using hedge accounting 1,533 — 1,533 — Total Assets $ 100,105 $ 12,868 $ 86,415 $ 822 Fair Value Measurements at December 31, 2022 Quoted Prices in Significant Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) Assets: Short-term investments $ 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 $ 138,121 $ 798 Liabilities: Foreign currency forward exchange contracts not accounted for using hedge accounting 68 — 68 — Total liabilities $ 68 $ — $ 68 $ —

Property, Equipment and Lease_2

Property, Equipment and Leasehold Improvements (Tables)	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of equipment and leasehold improvements	Schedule of equipment and leasehold improvements December 31, 2023 2022 Land and Building (construction in progress) $ 157,057 $ 148,137 Equipment 62,384 59,689 Leasehold improvements 2,364 2,293 221,805 210,119 Less accumulated depreciation 52,583 43,397 $ 169,222 $ 166,722

Trademarks, Licenses and Othe_2

Trademarks, Licenses and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of trademarks, licenses and other intangible assets	Schedule of trademarks, licenses and other intangible assets 2023 Gross Accumulated Net Book Amount Amortization Value Trademarks (indefinite lives) $ 108,760 $ — $ 108,760 Trademarks (finite lives) 42,752 66 42,686 Licenses (finite lives) 215,307 73,264 142,043 Other intangible assets (finite lives) 19,524 16,657 2,867 Subtotal 277,583 89,987 187,596 Total $ 386,343 $ 89,987 $ 296,356 2022 Gross Accumulated Net Book Amount Amortization Value 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

Accrued Expenses (Tables)

Accrued Expenses (Tables)	12 Months Ended
	Dec. 31, 2023
Payables and Accruals [Abstract]
Accrued expenses consist of the following:	Accrued expenses consist of the following: December 31, 2023 2022 Advertising liabilities $ 64,815 $ 42,338 Salary (including bonus and related taxes) 23,546 21,128 Royalties 27,477 26,532 Due vendors (not yet invoiced) 41,859 105,869 Retirement reserves 10,444 8,001 Refund (return) liability 5,507 8,604 Other 5,232 1,149 Total $ 178,880 $ 213,621

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Long-term debt consists of the following:	Long-term debt consists of the following: December 31, 2023 2022 $ 55.3 48 1.1 0.825 $ 40,334 $ 52,061 $ 132.6 120 1.1 0.75 95,576 104,758 $ 15 14 1.1 4.1 9,172 9,890 $ 17 10 1.7 2.0 12,402 13,332 157,484 180,041 Less current maturities 29,587 28,547 Total $ 127,897 $ 151,494

Commitments (Tables)

Commitments (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Maturities of lease liabilities subsequent to December 31, 2023 are as follows:	Maturities of lease liabilities subsequent to December 31, 2023 are as follows: (In thousands) 2024 $ 6,370 2025 6,031 2026 5,276 2027 5,389 2028 5,372 Thereafter 3,529 31,967 Less imputed interest (based on 3.0% weighted-average discount rate) (1,499 ) $ 30,468
the Company is subject to minimum annual advertising commitments, minimum annual royalties and other commitments as follows:	The Company is party to a number of licenses 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 2039. the Company is subject to minimum annual advertising commitments, minimum annual royalties and other commitments as follows: (In thousands) 2024 $ 288,005 2025 280,721 2026 251,718 2027 233,945 2028 243,286 Thereafter 1,055,918 $ 2,353,593

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2023
Equity:
The following table sets forth information with respect to nonvested options for 2023:	The following table sets forth information with respect to nonvested options for 2023: Number of Shares Weighted Average Grant Date Fair Value Nonvested options – beginning of year 168,730 $ 16.31 Nonvested options granted 47,500 $ 35.08 Nonvested options vested or forfeited (94,130 ) $ 15.19 Nonvested options – end of year 122,100 $ 24.47
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, 2023 2022 2021 Income before income taxes $ 2,525 $ 3,143 $ 2,850 Net income attributable to Inter Parfums, Inc. 1,700 2,036 1,880 Diluted earnings per share attributable to Inter Parfums, Inc. 0.05 0.06 0.06
The following table summarizes stock option activity and related information for the years ended December 31, 2023, 2022 and 2021:	The following table summarizes stock option activity and related information for the years ended December 31, 2023, 2022 and 2021: Year ended December 31, 2023 2022 2021 Options Weighted Options Weighted Options Weighted Shares under option -beginning of year 441,580 $ 67.30 524,900 $ 57.58 713,210 $ 52.74 Options granted 47,500 147.71 62,000 97.84 9,000 62.18 Options exercised (154,220 ) 52.04 (136,880 ) 43.86 (156,490 ) 34.46 Options forfeited (25,890 ) 76.32 (8,440 ) 67.65 (40,820 ) 62.57 Shares under option - 308,970 86.52 441,580 67.30 524,900 57.58
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, 2023 2022 2021 Weighted-average expected stock-price volatility 29 % 26 % 25 % Weighted-average expected option life 4.0 years 4.0 years 5.0 years Weighted-average risk-free interest rate 3.8 % 4.0 % 0.4 % Weighted-average dividend yield 2.0 % 2.4 % 1.6 %
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, 2023 2022 2021 Proceeds from stock options exercised $ 8,025 $ 6,003 $ 5,393 Tax benefits $ 1,150 $ 800 $ 1,300 Intrinsic value of stock options exercised $ 11,578 $ 6,760 $ 7,800
The following table summarizes additional stock option information as of December 31, 2023:	The following table summarizes additional stock option information as of December 31, 2023: Exercise prices Options outstanding Options outstanding weighted average remaining contractual life Options exercisable $ 62.18 69.11 100,680 1.05 96,180 $ 73.09 104,790 2.00 79,490 $ 97.84 56,000 5.00 11,200 $ 147.71 47,500 6.00 — Totals 308,970 2.85 186,870

Net Income Attributable to In_2

Net Income Attributable to Inter Parfums, Inc. Common Shareholders (Tables)	12 Months Ended
	Dec. 31, 2023
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, (In thousands except share and per share data) 2023 2022 2021 Numerator: Net income attributable to Inter Parfums, Inc. $ 152,654 $ 120,938 $ 87,411 Denominator: Weighted average shares 31,994,328 31,859,417 31,676,796 Effect of dilutive securities: Stock options 145,374 129,336 158,612 Denominator for diluted earnings per share 32,139,702 31,988,753 31,835,408 Earnings per share: Net income attributable to Inter Parfums, Inc. common shareholders: Basic $ 4.77 $ 3.80 $ 2.76 Diluted 4.75 3.78 2.75

Segments and Geographic Areas (

Segments and Geographic Areas (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023 2022 2021 Net sales: United States $ 455,758 $ 342,644 $ 216,559 Europe 863,397 744,075 663,290 Eliminations of intercompany sales (1,480 ) (66 ) (333 ) $ 1,317,675 $ 1,086,653 $ 879,516 Net income attributable to Inter Parfums, Inc.: United States $ 63,781 $ 43,745 $ 29,359 Europe 89,250 77,193 57,869 Eliminations (377 ) — 183 $ 152,654 $ 120,938 $ 87,411 Depreciation and amortization expense including impairment loss: United States $ 6,517 $ 6,355 $ 3,835 Europe 10,814 16,184 8,863 $ 17,331 $ 22,539 $ 12,698 Interest and investment income: United States $ 346 $ 66 $ 3 Europe 10,810 5,769 3,526 Eliminations (427 ) (349 ) (126 ) $ 10,729 $ 5,486 $ 3,403 Interest expense: United States $ 1,351 $ 1,100 $ 636 Europe 10,329 2,848 2,315 Eliminations (427 ) (349 ) (126 ) $ 11,253 $ 3,599 $ 2,825 Income tax expense: United States $ 15,180 $ 6,920 $ 5,336 Europe 46,763 36,262 35,607 Eliminations (126 ) — 49 $ 61,817 $ 43,182 $ 40,992 December 31, 2023 2022 2021 Total assets: United States $ 344,341 $ 278,090 $ 247,703 Europe 1,066,684 1,052,004 931,735 Eliminations (41,696 ) (21,552 ) (34,074 ) $ 1,369,329 $ 1,308,542 $ 1,145,364 Additions to long-lived assets: United States $ 1,277 $ 2,318 $ 2,711 Europe 5,188 31,438 138,563 $ 6,465 $ 33,756 $ 141,274 Total long-lived assets: United States $ 57,372 $ 61,539 $ 63,094 Europe 436,819 423,999 334,033 $ 494,191 $ 485,538 $ 397,127 Deferred tax assets: United States $ 2,175 $ 2,906 $ 870 Europe 12,244 8,253 7,066 Eliminations 126 — — $ 14,545 $ 11,159 $ 7,936
Consolidated net sales to customers by region are as follows:	Consolidated net sales to customers by region are as follows: Year ended December 31, 2023 2022 2021 North America $ 511,700 $ 421,000 $ 346,900 Europe 404,400 333,400 271,600 Asia 191,800 163,600 135,200 Middle East 107,300 87,800 61,000 Central and South America 92,700 69,900 56,400 Other 9,800 11,000 8,400 $ 1,317,700 $ 1,086,700 $ 879,500
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, 2023 2022 2021 United States $ 493,200 $ 410,000 $ 344,100 France $ 51,000 $ 44,800 $ 44,000 Russia $ 50,100 $ 33,964 $ 43,400 United Kingdom $ 47,500 $ 37,900 $ 38,500

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023 2022 2021 U.S. operations $ 78,962 $ 50,250 $ 34,742 Foreign operations 170,631 143,969 116,277 $ 249,593 $ 194,219 $ 151,019
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, 2023 2022 2021 Current: Federal $ 12,062 $ 6,829 $ 4,825 State and local 712 658 518 Foreign 52,186 39,458 36,164 64,960 46,945 41,507 Deferred: Federal 199 (802 ) 4 State and local 19 (49 ) 11 Foreign (3,361 ) (2,912 ) (530 ) (3,143 ) (3,763 ) (515 ) Total income tax expense $ 61,817 $ 43,182 $ 40,992
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, 2023 2022 Net deferred tax assets: Foreign net operating loss carry-forwards $ 218 $ 554 Inventory and accounts receivable 3,138 3,880 Profit sharing 3,505 2,871 Stock option compensation 613 716 Effect of inventory profit elimination 10,957 9,342 Other 1,674 266 Total gross deferred tax assets, net 20,105 17,629 Valuation allowance (296 ) (554 ) Net deferred tax assets 19,809 17,075 Deferred tax liabilities (long-term): Building expenses (1,327 ) (1,356 ) Trademarks and licenses (2,238 ) (2,160 ) Unrealized gain on marketable equity securities (1,044 ) (1,745 ) Other (655 ) (655 ) Total deferred tax liabilities (5,264 ) (5,916 ) Net deferred tax assets $ 14,545 $ 11,159
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, 2023 2022 2021 Statutory rates 21.0 % 21.0 % 21.0 % State and local taxes, net of Federal benefit 0.2 0.2 0.3 Windfall benefit from exercise of stock options (0.4 ) (0.4 ) (0.9 ) Benefit of Foreign Derived Intangible Income (0.9 ) (0.8 ) (0.6 ) Effect of foreign taxes greater than U.S. statutory rates 4.3 3.1 7.4 Other 0.6 (0.9 ) (0.1 ) Effective rates 24.8 % 22.2 % 27.1 %

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023 2022 2021 Net derivative instruments, beginning of year $ 1,709 $ (992 ) $ — Net derivative instrument (loss) gain, net of tax (1,645 ) 2,701 (992 ) Net derivative instruments, end of year 64 1,709 (992 ) Cumulative translation adjustments, beginning of year (57,765 ) (37,440 ) (5,997 ) Translation adjustments 17,513 (20,325 ) (31,443 ) Cumulative translation adjustments, end of year (40,252 ) (57,765 ) (37,440 ) Accumulated other comprehensive loss $ (40,188 ) $ (56,056 ) $ (38,432 )

Reconciliation of Cash and Ca_2

Reconciliation of Cash and Cash Equivalents to the Statement of Cash Flows (Tables)	12 Months Ended
	Dec. 31, 2023
Reconciliation Of Cash And Cash Equivalents To Statement Of Cash Flows
The following table provides a reconciliation of cash and cash equivalents reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows (in millions) as of December 31, 2021:	The following table provides a reconciliation of cash and cash equivalents reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows (in millions) as of December 31, 2021: December 31, 2021 Cash and cash equivalents $ 159,613 Cash held in escrow included in other assets 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, 2023
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 Deductions Balance at end of period Allowance for doubtful accounts: Year ended December 31, 2023 $ 4,690 (1,466 ) (670 ) (d) 450 (a) 2,104 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 (844 ) (d) 3,336 (a) 2,247 Allowance for sales returns, net of inventory: Year ended December 31, 2023 $ 5,410 3,071 — 4,783 (b) 3,698 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 Inventory reserve: Year ended December 31, 2023 $ 11,431 10,284 476 (d) 948 (c) 21,243 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 (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

Substantially all of our presti

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 Jimmy Choo, Mon (Details) - Product Sales Concentration Risk [Member] - Janvin [Member]	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Jimmy Choo [Member]
Product Information [Line Items]
Concentration risk percentage	17%	18%	18%
Montblanc [Member]
Product Information [Line Items]
Concentration risk percentage	17%	18%	19%
Coach [Member]
Product Information [Line Items]
Concentration risk percentage	15%	15%	16%
GUESS [Member]
Product Information [Line Items]
Concentration risk percentage	12%	12%	12%
Donna Karan and DKNY [Member]
Product Information [Line Items]
Concentration risk percentage	7%	3%
Ferragamo [Member]
Product Information [Line Items]
Concentration risk percentage	5%	5%	1%

The following table presents a

The following table presents a summary of the impact by financial statement line item of the corrections for the year ended December 31, 2022: (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Change in accounts payable and accrued expenses	$ 3,064,000	$ 64,738,000	$ 103,046,000
Net cash provided by operating activities	105,774,000	73,031,000	119,586,000
Payments for intangible assets acquired	(46,903,000)	(56,746,000)	(1,545,000)
Payments for intangible assets acquired	46,903,000	56,746,000	1,545,000
Net cash used in investing activities	$ 7,262,000	(90,644,000)	$ (187,866,000)
Previously Reported [Member]
Change in accounts payable and accrued expenses		106,857,000
Net cash provided by operating activities		115,150,000
Payments for intangible assets acquired		(98,865,000)
Payments for intangible assets acquired		98,865,000
Net cash used in investing activities		(132,763,000)
Revision of Prior Period, Adjustment [Member]
Change in accounts payable and accrued expenses		(42,119,000)
Net cash provided by operating activities		(42,119,000)
Payments for intangible assets acquired		(42,119,000)
Payments for intangible assets acquired		42,119,000
Net cash used in investing activities		42,119,000
Restatement As Revised [Member]
Change in accounts payable and accrued expenses		64,738,000
Net cash provided by operating activities		73,031,000
Payments for intangible assets acquired		(56,746,000)
Payments for intangible assets acquired		56,746,000
Net cash used in investing activities		$ (90,644,000)

The Company and its Significa_4

The Company and its Significant Accounting Policies (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Product Information [Line Items]
Allowances for sales returns and doubtful accounts	$ 2,100,000	$ 4,700,000
Shipping and handling costs	478,597,000	392,231,000	$ 322,614,000
Contract with customer, refund liability	5,500,000	8,600,000
Contract with customer, right to recover products	2,400,000	3,200,000
Advertising costs	259,900,000	212,400,000	171,100,000
Customer incentives cost	$ 52,300,000	$ 43,100,000	$ 36,900,000
Royalty expense, percentage of net sales	7.90%	8%	7.80%
Change in Accounts payable and accrued expenses	$ 3,064,000	$ 64,738,000	$ 103,046,000
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	12%	10%	10%
Shipping and Handling [Member]
Product Information [Line Items]
Shipping and handling costs	$ 14,200,000	$ 15,800,000	$ 10,000,000
Measurement Input, Discount Rate [Member]
Product Information [Line Items]
Weighted average cost of capital	10.39%	9.80%	7.47%
Interparfums SA Subsidiary [Member]
Product Information [Line Items]
Ownership percentage in Interparfums SA	72%

Recent Agreements (Details Narr

Recent Agreements (Details Narrative)	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 EUR (€)	Dec. 31, 2022	Apr. 30, 2021
Business Acquisition [Line Items]
Purchase price, period cost	$ 154,000,000	€ 139,000,000
Acquisition costs, period cost	3,100,000
Cash held in escrow is included in other assets	$ 0
Long-term debt, term	10 years		10 years	4 years	10 years
Long-term line of credit	$ 132,600,000		€ 120,000,000
Description of debt instrument interest rate terms	one-month Euribor plus 0.75%	one-month Euribor plus 0.75%
Debt instrument, face amount | €			€ 80,000,000
Variable interest rate	2%		2%
Fixed interest rate	1.10%		1.10%
Minimum [Member]
Business Acquisition [Line Items]
Depreciated over a range	7 years		7 years
Maximum [Member]
Business Acquisition [Line Items]
Depreciated over a range	50 years		50 years
Land [Member]
Business Acquisition [Line Items]
Purchase price, period cost	$ 63,300,000
Building [Member]
Business Acquisition [Line Items]
Purchase price, period cost	$ 90,700,000
Interparfums SA [Member]
Business Acquisition [Line Items]
Ownership percentage					72%
Roberto Cavalli [Member]
Business Acquisition [Line Items]
Description of recent agreement	The license became effective in July 2023 and will last for 6.5 years.	The license became effective in July 2023 and will last for 6.5 years.
Lacoste [Member]
Business Acquisition [Line Items]
Description of recent agreement	The license became effective in January 2024 and will last for 15 years.	The license became effective in January 2024 and will last for 15 years.
Donna Karan and DKNY [Member]
Business Acquisition [Line Items]
Description of recent agreement	In connection with the grant of license, we issued 65,342 shares of Inter Parfums, Inc. common stock valued at $5.0 million to the licensor. The exclusive license became effective July 1, 2022, and we are planning to launch new fragrances under these brands in 2024.	In connection with the grant of license, we issued 65,342 shares of Inter Parfums, Inc. common stock valued at $5.0 million to the licensor. The exclusive license became effective July 1, 2022, and we are planning to launch new fragrances under these brands in 2024.
Rochas Fashion [Member]
Business Acquisition [Line Items]
Description of recent agreement	As a result of operational challenges faced by the Rochas Fashion business we took a $2.4 million impairment charge on our Rochas fashion trademark in the first quarter of 2021. 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. In 2023, the Rochas teams underwent a strategic shift to take over their own brand operations, exiting contracts with manufacturers and distributors to make this new structure operational beginning in 2024. An independent expert concluded that the valuation based on this new business model would not require additional impairments.	As a result of operational challenges faced by the Rochas Fashion business we took a $2.4 million impairment charge on our Rochas fashion trademark in the first quarter of 2021. 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. In 2023, the Rochas teams underwent a strategic shift to take over their own brand operations, exiting contracts with manufacturers and distributors to make this new structure operational beginning in 2024. An independent expert concluded that the valuation based on this new business model would not require additional impairments.

Inventories consist of the foll

Inventories consist of the following: (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Raw materials and component parts	$ 158,733	$ 146,772
Finished goods	213,126	143,212
Inventories	$ 371,859	$ 289,984

Inventories (Details Narrative)

Inventories (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Inventory valuation reserves	$ 21,500,000	$ 11,400,000
Product [Member]
Cost of goods sold, overhead	$ 5,400,000	$ 3,400,000

The fair value hierarchy has th

The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value. (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets:
Short-term investments	$ 94,304	$ 150,833
Interest rate swaps	3,909	6,758
Foreign currency forward exchange contracts not accounted for using hedge accounting	359
Foreign currency forward exchange contracts accounted for using hedge accounting	1,533	1,189
Total Assets	100,105	158,780
Liabilities:
Foreign currency forward exchange contracts not accounted for using hedge accounting		68
Total liabilities		68
Fair Value, Inputs, Level 1 [Member]
Assets:
Short-term investments	12,868	19,861
Interest rate swaps
Foreign currency forward exchange contracts not accounted for using hedge accounting
Foreign currency forward exchange contracts accounted for using hedge accounting
Total Assets	12,868	19,861
Liabilities:
Foreign currency forward exchange contracts not accounted for using hedge accounting
Total liabilities
Fair Value, Inputs, Level 2 [Member]
Assets:
Short-term investments	80,614	130,174
Interest rate swaps	3,909	6,758
Foreign currency forward exchange contracts not accounted for using hedge accounting	359
Foreign currency forward exchange contracts accounted for using hedge accounting	1,533	1,189
Total Assets	86,415	138,121
Liabilities:
Foreign currency forward exchange contracts not accounted for using hedge accounting		68
Total liabilities		68
Fair Value, Inputs, Level 3 [Member]
Assets:
Short-term investments	822	798
Interest rate swaps
Foreign currency forward exchange contracts not accounted for using hedge accounting
Foreign currency forward exchange contracts accounted for using hedge accounting
Total Assets	$ 822	798
Liabilities:
Foreign currency forward exchange contracts not accounted for using hedge accounting
Total liabilities

Derivative Financial Instrume_2

Derivative Financial Instruments (Details Narrative)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 GBP (£)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 EUR (€)	Dec. 31, 2021 USD ($)	Apr. 30, 2021 USD ($)	Apr. 30, 2021 EUR (€)
Derivative Instruments, Gain (Loss) [Line Items]
Loan amount			$ 55,300,000			$ 132,600,000
Long-term debt, term	10 years	10 years	4 years	4 years		10 years	10 years
Derivative swap interest rate			2%	2%		1.10%	1.10%
Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Loan amount	$ 2,800,000		$ 6,300,000		$ 200,000
Forward exchange contracts	$ 61,000,000
Euro Member Countries, Euro
Derivative Instruments, Gain (Loss) [Line Items]
Loan amount | €				€ 50,000,000			€ 120,000,000
Euro Member Countries, Euro | Interest Rate Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Loan amount | €							€ 80,000,000
United Kingdom, Pounds | Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Loan amount | £		£ 2,500,000

Schedule of equipment and lease

Schedule of equipment and leasehold improvements (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Equipment and leasehold improvements	$ 221,805	$ 210,119
Less accumulated depreciation and amortization	52,583	43,397
Property, plant and equipment, net, total	169,222	166,722
Building [Member]
Property, Plant and Equipment [Line Items]
Equipment and leasehold improvements	157,057	148,137
Equipment [Member]
Property, Plant and Equipment [Line Items]
Equipment and leasehold improvements	62,384	59,689
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Equipment and leasehold improvements	$ 2,364	$ 2,293

Property, Equipment and Lease_3

Property, Equipment and Leasehold Improvements (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 9,800,000	$ 7,500,000	$ 4,400,000

Schedule of trademarks, license

Schedule of trademarks, licenses and other intangible assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Gross Amount	$ 386,343	$ 369,373
Accumulated Amortization	89,987	78,520
Net Book Value	296,356	290,853
Licensing Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Amount	215,307	205,235
Accumulated Amortization	73,264	63,535
Net Book Value	142,043	141,700
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Amount	19,524	17,849
Accumulated Amortization	16,657	14,921
Net Book Value	2,867	2,928
Indefinite-Lived Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Amount	108,760	105,022
Accumulated Amortization
Net Book Value	108,760	105,022
Finite-Lived Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Amount	42,752	41,267
Accumulated Amortization	66	64
Net Book Value	42,686	41,203
Subtotal [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Amount	277,583	264,351
Accumulated Amortization	89,987	78,520
Net Book Value	$ 187,596	$ 185,831

Trademarks, Licenses and Othe_3

Trademarks, Licenses and Other Intangible Assets (Details Narrative)	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2023 EUR (€)
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 7,500,000	$ 6,800,000	$ 5,900,000
2024	14,300,000
2025	13,600,000
2026	12,000,000
2027	11,400,000
2028	$ 11,400,000
Amortization period	14 years			14 years
Indefinite-Lived License Agreements	$ 77,000,000
Euro Member Countries, Euro
Finite-Lived Intangible Assets [Line Items]
Indefinite-Lived License Agreements | €				€ 70,000,000
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization period	3 years			3 years
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization period	20 years			20 years
Measurement Input, Discount Rate [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted average cost of capital	10.39%	9.80%	7.47%	10.39%
Indefinite-Lived Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Impairment charge	$ 0	$ 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	18 years			18 years
Licensing Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization period	14 years 3 months 19 days			14 years 3 months 19 days
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization period	2 years 6 months			2 years 6 months

Accrued expenses consist of the

Accrued expenses consist of the following: (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Advertising liabilities	$ 64,815	$ 42,338
Salary (including bonus and related taxes)	23,546	21,128
Royalties	27,477	26,532
Due vendors (not yet invoiced)	41,859	105,869
Retirement reserves	10,444	8,001
Refund (return) liability	5,507	8,604
Other	5,232	1,149
Total	$ 178,880	$ 213,621

Loans Payable _ Banks (Details

Loans Payable – Banks (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Borrowings outstanding lines of credit	$ 4,400,000	$ 0
Weighted average interest rate on short-term borrowings	4.50%	0%
Domestic Subsidiaries [Member]
Debt Instrument [Line Items]
Line of credit, maximum borrowing amount	$ 25,000,000
Domestic Subsidiaries [Member] | London Interbank Offered Rate [Member]
Debt Instrument [Line Items]
Basis spread over variable interest rate	2%
Variable rate	5.30%
Line of credit facility, maturity date	Dec. 13, 2024
Foreign Subsidiaries [Member]
Debt Instrument [Line Items]
Line of credit, maximum borrowing amount	$ 8,000,000
Foreign Subsidiaries [Member] | Euro Interbank Offered Rate [Member]
Debt Instrument [Line Items]
Variable rate	3.96%
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 consists of the

Long-term debt consists of the following: (Details) Number in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) Number	Dec. 31, 2023 EUR (€) Number	Dec. 31, 2022 USD ($)	Dec. 31, 2022 EUR (€)	Apr. 30, 2021 USD ($)	Apr. 30, 2021 EUR (€)
Debt Instrument [Line Items]
Debt Instrument, Face Amount | €		€ 80,000,000
Loan payable	$ 157,484,000		$ 180,041,000
Less current maturities	29,587,000		28,547,000
Total	127,897,000		151,494,000
Loans Payable [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 55,300,000		55,300,000	€ 50,000,000
Number of installments | Number	48	48
Installment amount (in Dollars)	$ 1,100,000
Interest per annum	0.825%	0.825%
Loan payable	$ 40,334,000		52,061,000
Loans Payable One [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 132,600,000				$ 132,600,000	€ 120,000,000
Number of installments | Number	120	120
Installment amount (in Dollars)	$ 1,100,000
Interest per annum	0.75%	0.75%
Loan payable	$ 95,576,000		104,758,000
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
Interest per annum	4.10%	4.10%
Loan payable	$ 9,172,000		9,890,000
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
Interest per annum	2%	2%
Loan payable	$ 12,402,000		$ 13,332,000

Long-Term Debt (Details Narrati

Long-Term Debt (Details Narrative)	1 Months Ended	12 Months Ended
	Apr. 30, 2021 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 EUR (€)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 EUR (€)	Apr. 30, 2021 EUR (€)
Debt Instrument [Line Items]
Debt instrument, face amount | €			€ 80,000,000
Long term debt maturity, description		$37.7 million thereafter through 2033.
2024		$ 29,600,000
2025		29,800,000
2026		28,600,000
2027		15,900,000
2028		15,900,000
Thereafter through 2033		37,700,000
Loans Payable [Member]
Debt Instrument [Line Items]
Debt instrument, face amount		$ 55,300,000		$ 55,300,000	€ 50,000,000
Long term debt maturity, description	Approximately $88.4 million (€80.0 million) of the variable rate debt was swapped for variable interest rate debt with maximum rate of 2% per annum.	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	$ 132,600,000	$ 132,600,000				€ 120,000,000

Maturities of lease liabilities

Maturities of lease liabilities subsequent to December 31, 2023 are as follows: (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2024	$ 6,370
2025	6,031
2026	5,276
2027	5,389
2028	5,372
Thereafter	3,529
Gross total	31,967
Less imputed interest (based on 3.0% weighted-average discount rate)	(1,499)
Net total	$ 30,468

the Company is subject to minim

the Company is subject to minimum annual advertising commitments, minimum annual royalties and other commitments as follows: (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
License agreement, expiration description	The Company is party to a number of licenses 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 2039.
2024	$ 288,005
2025	280,721
2026	251,718
2027	233,945
2028	243,286
Thereafter	1,055,918
Total	$ 2,353,593

Commitments (Details Narrative)

Commitments (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining lease term	5 years 1 month 6 days
Operating lease of related to rental expenses	$ 5,800,000	$ 5,600,000	$ 8,200,000
Operating lease payments	5,300,000	4,800,000	7,500,000
Noncash additions to operating lease assets	4,800,000	300,000	12,200,000
Royalty expense	$ 103,800,000	$ 87,000,000	$ 68,900,000
Royalty expense, percentage of net sales	7.90%	8%	7.80%
Operating Lease [Member]
Finite-Lived Intangible Assets [Line Items]
Operating lease, weighted average discount rate	3%

The following table sets forth

The following table sets forth information with respect to nonvested options for 2023: (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Equity:
Nonvested options - beginning of year	168,730
Weighted average grant date fair value, beginning of year	$ 16.31
Nonvested options granted	47,500	62,000	9,000
Weighted average grant date fair value, granted	$ 35.08
Nonvested options vested or forfeited	(94,130)
Weighted average grant date fair value, vested or forfeited	$ 15.19
Nonvested options - end of year	122,100	168,730
Weighted average grant date fair value, end of year	$ 24.47	$ 16.31

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Income before income taxes	$ 249,593	$ 194,219	$ 151,019
Net income attributable to Inter Parfums, Inc.	$ 152,654	$ 120,938	$ 87,411
Diluted earnings per share attributable to Inter Parfums, Inc	$ 4.75	$ 3.78	$ 2.75
Operating Income (Loss) [Member]
Income before income taxes	$ 2,525	$ 3,143	$ 2,850
Net income attributable to Inter Parfums, Inc.	$ 1,700	$ 2,036	$ 1,880
Diluted earnings per share attributable to Inter Parfums, Inc	$ 0.05	$ 0.06	$ 0.06

The following table summarizes

The following table summarizes stock option activity and related information for the years ended December 31, 2023, 2022 and 2021: (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Equity:
Options shares under option - beginning of year	441,580	524,900	713,210
Weighted average exercise price shares under option - beginning of year	$ 67.30	$ 57.58	$ 52.74
Options granted	47,500	62,000	9,000
Weighted average exercise price options granted	$ 147.71	$ 97.84	$ 62.18
Options exercised	(154,220)	(136,880)	(156,490)
Weighted average exercise price options exercised	$ 52.04	$ 43.86	$ 34.46
Options forfeited	(25,890)	(8,440)	(40,820)
Weighted average exercise price options forfeited	$ 76.32	$ 67.65	$ 62.57
Options shares under option - end of year	308,970	441,580	524,900
Weighted average exercise price shares under option - end of year	$ 86.52	$ 67.30	$ 57.58

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Equity:
Weighted-average expected stock-price volatility	29%	26%	25%
Weighted-average expected option life	4 years	4 years	5 years
Weighted-average risk-free interest rate	3.80%	4%	0.40%
Weighted-average dividend yield	2%	2.40%	1.60%

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Equity:
Proceeds from stock options exercised	$ 8,025	$ 6,003	$ 5,393
Tax benefits	1,150	800	1,300
Intrinsic value of stock options exercised	$ 11,578	$ 6,760	$ 7,800

The following table summarize_2

The following table summarizes additional stock option information as of December 31, 2023: (Details)	12 Months Ended
	Dec. 31, 2023 $ / shares shares
Options outstanding	308,970
Options outstanding weighted average remaining contractual life	2 years 10 months 6 days
Options exercisable	186,870
Exercise Price Range One [Member]
Options outstanding	100,680
Options outstanding weighted average remaining contractual life	1 year 18 days
Options exercisable	96,180
Exercise Price Range Two [Member]
Exercise price range (in dollars per share) | $ / shares	$ 73.09
Options outstanding	104,790
Options outstanding weighted average remaining contractual life	2 years
Options exercisable	79,490
Exercise Price Range Three [Member]
Exercise price range (in dollars per share) | $ / shares	$ 97.84
Options outstanding	56,000
Options outstanding weighted average remaining contractual life	5 years
Options exercisable	11,200
Exercise Price Range Four [Member]
Exercise price range (in dollars per share) | $ / shares	$ 147.71
Options outstanding	47,500
Options outstanding weighted average remaining contractual life	6 years
Options exercisable
Minimum [Member] | Exercise Price Range One [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	$ 69.11

Equity (Details Narrative)

Equity (Details Narrative) - USD ($)		1 Months Ended		12 Months Ended
	Jun. 30, 2022	Feb. 28, 2022	Dec. 31, 2018	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Mar. 15, 2024	Feb. 28, 2024	Feb. 28, 2023	Mar. 31, 2022	Feb. 28, 2021
Subsidiary or Equity Method Investee [Line Items]
Weighted average exercise price of options exercisable				$ 70.60
Weighted average remaining contractual life of options exercisable				1 year 8 months 2 days
Aggregate intrinsic value of options exercisable				$ 13,700,000
Straight line basis over the requisite				3 years
Dividends payable, amount per share (in dollars per share)		$ 2							$ 2.50		$ 1
Percentage of increase in annual dividend		100%
Interparfums SA [Member]
Subsidiary or Equity Method Investee [Line Items]
Aggregate cost				$ 4,200,000
Interparfums SA [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)							$ 0.75	$ 3
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]
Adjusted for stock splits (in shares)			26,600	87,609						88,400
Aggregate intrinsic value of options outstanding			133,000
Number of share distributed				93,405
Equity Option [Member]
Subsidiary or Equity Method Investee [Line Items]
Number of shares available for grant (in shares)				537,365
Aggregate intrinsic value of options outstanding				$ 17,900,000
Term				5 years
Stock Option One [Member]
Subsidiary or Equity Method Investee [Line Items]
Aggregate intrinsic value of options outstanding				$ 2,900,000
Equity Option [Member]
Subsidiary or Equity Method Investee [Line Items]
Fair value of shares vested				$ 1,200,000	$ 1,300,000	$ 1,400,000
Weighted average grant date fair value (in dollars per share)				$ 35.08	$ 20.36	$ 11.35
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, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
Net income attributable to Inter Parfums, Inc (in dollars)	$ 152,654	$ 120,938	$ 87,411
Weighted average shares	31,994,328	31,859,417	31,676,796
Stock options	145,374	129,336	158,612
Denominator for diluted earnings per share	32,139,702	31,988,753	31,835,408
Basic (in dollars per share)	$ 4.77	$ 3.80	$ 2.76
Diluted (in dollars per share)	$ 4.75	$ 3.78	$ 2.75

Net Income Attributable to In_3

Net Income Attributable to Inter Parfums, Inc. Common Shareholders (Details Narrative) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount	0	38,000	175,000

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 1,317,675	$ 1,086,653	$ 879,516
Net income attributable to Inter Parfums, Inc	152,654	120,938	87,411
Depreciation and amortization expense including impairment loss	17,331	22,539	12,698
Interest and investment income	10,729	5,486	3,403
Interest expense	11,253	3,599	2,825
Income tax expense	61,817	43,182	40,992
Total assets	1,369,329	1,308,542	1,145,364
Additions to long-lived assets	6,465	33,756	141,274
Total long-lived assets	494,191	485,538	397,127
Deferred tax assets	14,545	11,159	7,936
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	455,758	342,644	216,559
Net income attributable to Inter Parfums, Inc	63,781	43,745	29,359
Depreciation and amortization expense including impairment loss	6,517	6,355	3,835
Interest and investment income	346	66	3
Interest expense	1,351	1,100	636
Income tax expense	15,180	6,920	5,336
Total assets	344,341	278,090	247,703
Additions to long-lived assets	1,277	2,318	2,711
Total long-lived assets	57,372	61,539	63,094
Deferred tax assets	2,175	2,906	870
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	863,397	744,075	663,290
Net income attributable to Inter Parfums, Inc	89,250	77,193	57,869
Depreciation and amortization expense including impairment loss	10,814	16,184	8,863
Interest and investment income	10,810	5,769	3,526
Interest expense	10,329	2,848	2,315
Income tax expense	46,763	36,262	35,607
Total assets	1,066,684	1,052,004	931,735
Additions to long-lived assets	5,188	31,438	138,563
Total long-lived assets	436,819	423,999	334,033
Deferred tax assets	12,244	8,253	7,066
Eliminations [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	(1,480)	(66)	(333)
Net income attributable to Inter Parfums, Inc	(377)		183
Interest and investment income	(427)	(349)	(126)
Interest expense	(427)	(349)	(126)
Income tax expense	(126)		49
Total assets	(41,696)	(21,552)	(34,074)
Deferred tax assets	$ 126

Consolidated net sales to custo

Consolidated net sales to customers by region are as follows: (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 1,317,700	$ 1,086,700	$ 879,500
North America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	511,700	421,000	346,900
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	404,400	333,400	271,600
Asia [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	191,800	163,600	135,200
Middle East [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	107,300	87,800	61,000
Central and South America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	92,700	69,900	56,400
Other Segment Country [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 9,800	$ 11,000	$ 8,400

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Revenue	$ 1,317,675	$ 1,086,653	$ 879,516
United States [Member]
Segment Reporting Information [Line Items]
Revenue	493,200	410,000	344,100
France [Member]
Segment Reporting Information [Line Items]
Revenue	51,000	44,800	44,000
Russia [Member]
Segment Reporting Information [Line Items]
Revenue	50,100	33,964	43,400
United Kingdom [Member]
Segment Reporting Information [Line Items]
Revenue	$ 47,500	$ 37,900	$ 38,500

Segments and Geographic Areas_2

Segments and Geographic Areas (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue from export sales	$ 1,317,700,000	$ 1,086,700,000	$ 879,500,000
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue from export sales	$ 230,500,000	$ 180,000,000	$ 133,400,000

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
U.S. operations	$ 78,962	$ 50,250	$ 34,742
Foreign operations	170,631	143,969	116,277
Income before income taxes	$ 249,593	$ 194,219	$ 151,019

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Federal	$ 12,062	$ 6,829	$ 4,825
State and local	712	658	518
Foreign	52,186	39,458	36,164
Current income tax expense	64,960	46,945	41,507
Federal	199	(802)	4
State and local	19	(49)	11
Foreign	(3,361)	(2,912)	(530)
Deferred income tax expense	(3,143)	(3,763)	(515)
Total income tax expense	$ 61,817	$ 43,182	$ 40,992

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, 2023	Dec. 31, 2022
Net deferred tax assets:
Foreign net operating loss carry-forwards	$ 218	$ 554
Inventory and accounts receivable	3,138	3,880
Profit sharing	3,505	2,871
Stock option compensation	613	716
Effect of inventory profit elimination	10,957	9,342
Other	1,674	266
Total gross deferred tax assets, net	20,105	17,629
Valuation allowance	(296)	(554)
Net deferred tax assets	19,809	17,075
Deferred tax liabilities (long-term):
Building expenses	(1,327)	(1,356)
Trademarks and licenses	(2,238)	(2,160)
Unrealized gain on marketable equity securities	(1,044)	(1,745)
Other	(655)	(655)
Total deferred tax liabilities	(5,264)	(5,916)
Net deferred tax assets	$ 14,545	$ 11,159

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Statutory rates	21%	21%	21%
State and local taxes, net of Federal benefit	0.20%	0.20%	0.30%
Windfall benefit from exercise of stock options	(0.40%)	(0.40%)	(0.90%)
Benefit of Foreign Derived Intangible Income	(0.90%)	(0.80%)	(0.60%)
Effect of foreign taxes greater than U.S. statutory rates	4.30%	3.10%	7.40%
Other	0.60%	(0.90%)	(0.10%)
Effective rates	24.80%	22.20%	27.10%

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Deferred foreign income tax expense (benefit)	$ (3,361,000)	$ (2,912,000)	$ (530,000)
Foreign Derived Intangible Income [Member]
Defined Benefit Plan Disclosure [Line Items]
Deferred foreign income tax expense (benefit)	$ 2,400,000	$ 1,500,000	$ 900,000

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	$ (40,188)	$ (56,056)	$ (38,432)
Accumulated Defined Benefit Plans Net Derivative Instruments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net derivative instruments, beginning of year	1,709	(992)
Net derivative instrument gain (loss), net of tax	(1,645)	2,701	(992)
Net derivative instruments, end of year	64	1,709	(992)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cumulative translation adjustments, beginning of year	(57,765)	(37,440)	(5,997)
Translation adjustments	17,513	(20,325)	(31,443)
Cumulative translation adjustments, end of year	$ (40,252)	$ (57,765)	$ (37,440)

The following table provides a

The following table provides a reconciliation of cash and cash equivalents reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows (in millions) as of December 31, 2 (Details) $ in Millions	Dec. 31, 2021 USD ($)
Reconciliation Of Cash And Cash Equivalents To Statement Of Cash Flows
Cash and cash equivalents	$ 159,613
Cash held in escrow included in other assets	8,774
Cash and cash equivalents per statement of cash flows	$ 168,387

Related Party Transactions (Det

Related Party Transactions (Details Narrative)	12 Months Ended
	Dec. 31, 2023 USD ($)
Related Party Transactions [Abstract]
Expenses for sevices	$ 47,000

Schedule of Valuation and Quali

Schedule of Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at beginning of period		$ 4,690	$ 2,247	$ 5,550
Charged to costs and expenses		(1,466)	2,353	877
Charged to other accounts	[1]	(670)	1,134	(844)
Deductions	[2]	450	1,044	3,336
Balance at end of period		2,104	4,690	2,247
Sales Returns and Allowances [Member]
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at beginning of period		5,410	3,242	2,242
Charged to costs and expenses		3,071	4,997	3,042
Charged to other accounts
Deductions	[3]	4,783	2,829	2,042
Balance at end of period		3,698	5,410	3,242
SEC Schedule, 12-09, Reserve, Inventory [Member]
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at beginning of period		11,431	15,777	9,371
Charged to costs and expenses		10,284	8,742	8,217
Charged to other accounts	[1]	476	(378)	7,041	[4]
Deductions	[5]	948	12,710	8,852
Balance at end of period		$ 21,243	$ 11,431	$ 15,777
[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