Segments and Geographic Areas

12 Months Ended

Dec. 31, 2018

Segments, Geographical Areas [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 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,
	2018			2017			2016
Net sales:
United States	$	140,768		$	116,244		$	117,256
Europe		537,805			476,660			404,198
Eliminations of intercompany sales		(2,999	)		(1,653	)		(382	)
	$	675,574		$	591,251		$	521,072
Net income attributable to Inter Parfums, Inc.:
United States	$	13,071		$	7,051		$	8,285
Europe		40,877			34,577			25,120
Eliminations		(155	)		(34	)		(74	)
	$	53,793		$	41,594		$	33,331
Depreciation and amortization expense including impairment loss:
United States	$	2,711		$	3,943		$	1,816
Europe		8,320			7,971			13,525
	$	11,031		$	11,914		$	15,341
Interest and dividend income:
United States	$	137		$	58		$	22
Europe		3,820			2,925			3,309
	$	3,957		$	2,983		$	3,331
Interest expense:
United States	$	419		$	—		$	—
Europe		2,159			1,991			2,340
	$	2,578		$	1,991		$	2,340
Income tax expense:
United States	$	2,264		$	3,764		$	4,278
Europe		23,898			19,069			19,596
Eliminations		(18	)		(21	)		(48	)
	$	26,144		$	22,812		$	23,826

	December 31,
	2018			2017			2016
Total assets:
United States	$	133,406		$	92,909		$	89,930
Europe		686,123			694,385			602,077
Eliminations		(20,362	)		(9,522	)		(9,598	)
	$	799,167		$	777,772		$	682,409
Additions to long-lived assets:
United States	$	19,181		$	980		$	930
Europe		4,188			3,089			4,812
	$	23,369		$	4,069		$	5,742
Total long-lived assets:
United States	$	25,753		$	9,284		$	12,247
Europe		188,411			201,541			181,697
	$	214,164		$	210,825		$	193,944
Deferred tax assets:
United States	$	650		$	781		$	194
Europe		8,561			8,808			7,848
Eliminations		88			69			48
	$	9,299		$	9,658		$	8,090

United States export sales were approximately $93.1 million, $71.4 million and $77.5 million in 2018, 2017 and 2016, respectively. Consolidated net sales to customers by region are as follows:

	Year ended December 31,
	2018		2017		2016
North America	$	210,200	$	176,900	$	149,000
Europe		233,600		214,800		194,700
Asia		109,000		88,000		81,300
Middle East		59,300		50,500		41,600
Central and South America		51,700		51,200		44,000
Other		11,800		9,900		10,500
	$	675,600	$	591,300	$	521,100

Consolidated net sales to customers in major countries are as follows:

	Year Ended December 31,
	2018		2017		2016
United States	$	204,000	$	173,000	$	144,000
France	$	44,000	$	44,000	$	47,000
United Kingdom	$	36,000	$	33,000	$	31,000
Russia	$	35,000	$	34,000	$	27,000