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10-Q Filing

INTERPARFUMS INC CIK: 822663 Q1 2012
Filing Information
Form Type 10-Q
Accession Number 0001144204-12-027177
Period End Date 20120331
Filing Date 20120509
Fiscal Year 2012
Fiscal Period Q1
XBRL Instance ipar-20120331.xml
Balance Sheet 80 line items
Line Item Tag Value Unit Period
Preferred stock, par PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, par PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
Preferred stock, authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $37.55M USD Point-in-time
Preferred stock, issued PreferredStockSharesIssued - shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $27.41M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $40.98M USD Point-in-time
Preferred stock, issued PreferredStockSharesIssued - shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $35.86M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $175.22M USD Point-in-time
Common stock, par CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $164.03M USD Point-in-time
Common stock, par CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, authorized CommonStockSharesAuthorized 100.00M shares Point-in-time
Inventories InventoryNet $183.93M USD Point-in-time
Inventories InventoryNet $164.08M USD Point-in-time
Common stock, authorized CommonStockSharesAuthorized 100.00M shares Point-in-time
Receivables, other OtherReceivablesNetCurrent $3.26M USD Point-in-time
Common stock, outstanding CommonStockSharesOutstanding 30.54M shares Point-in-time
Common stock, outstanding CommonStockSharesOutstanding 30.56M shares Point-in-time
Receivables, other OtherReceivablesNetCurrent $2.01M USD Point-in-time
Treasury stock, shares TreasuryStockShares 10.01M shares Point-in-time
Other current assets OtherAssetsCurrent $4.26M USD Point-in-time
Other current assets OtherAssetsCurrent $5.81M USD Point-in-time
Treasury stock, shares TreasuryStockShares 10.01M shares Point-in-time
Income taxes receivable IncomeTaxesReceivable $1.40M USD Point-in-time
Income taxes receivable IncomeTaxesReceivable $56.00K USD Point-in-time
Deferred tax assets DeferredTaxAssetsNetCurrent $7.34M USD Point-in-time
Deferred tax assets DeferredTaxAssetsNetCurrent $7.27M USD Point-in-time
Total current assets AssetsCurrent $391.35M USD Point-in-time
Total current assets AssetsCurrent $390.58M USD Point-in-time
Equipment and leasehold improvements, net PropertyPlantAndEquipmentNet $17.00M USD Point-in-time
Equipment and leasehold improvements, net PropertyPlantAndEquipmentNet $14.53M USD Point-in-time
Trademarks, licenses and other intangible assets, net IntangibleAssetsNetExcludingGoodwill $105.75M USD Point-in-time
Trademarks, licenses and other intangible assets, net IntangibleAssetsNetExcludingGoodwill $109.58M USD Point-in-time
Goodwill Goodwill $2.85M USD Point-in-time
Goodwill Goodwill $2.76M USD Point-in-time
Other assets OtherAssetsNoncurrent $2.16M USD Point-in-time
Other assets OtherAssetsNoncurrent $1.65M USD Point-in-time
Total assets Assets $516.03M USD Point-in-time
Total assets Assets $522.18M USD Point-in-time
Loans payable - banks LoansPayableToBankCurrent $13.60M USD Point-in-time
Loans payable - banks LoansPayableToBankCurrent $11.83M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $4.48M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $3.15M USD Point-in-time
Accounts payable - trade AccountsPayableCurrent $96.94M USD Point-in-time
Accounts payable - trade AccountsPayableCurrent $112.73M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $43.27M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $52.04M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $2.10M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $4.25M USD Point-in-time
Dividends payable DividendsPayableCurrent $2.44M USD Point-in-time
Dividends payable DividendsPayableCurrent $2.44M USD Point-in-time
Total current liabilities LiabilitiesCurrent $185.62M USD Point-in-time
Total current liabilities LiabilitiesCurrent $163.65M USD Point-in-time
Deferred tax liability DeferredTaxLiabilitiesNoncurrent $6.17M USD Point-in-time
Deferred tax liability DeferredTaxLiabilitiesNoncurrent $6.07M USD Point-in-time
Preferred stock, $.001 par; authorized 1,000,000 shares; none issued PreferredStockValue - USD Point-in-time
Preferred stock, $.001 par; authorized 1,000,000 shares; none issued PreferredStockValue - USD Point-in-time
Common stock, $.001 par; authorized 100,000,000 shares; outstanding 30,561,616 and 30,541,506 shares at March 31, 2012 and December 31, 2011, respectively CommonStockValue $31.00K USD Point-in-time
Common stock, $.001 par; authorized 100,000,000 shares; outstanding 30,561,616 and 30,541,506 shares at March 31, 2012 and December 31, 2011, respectively CommonStockValue $31.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $51.26M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $50.88M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $228.16M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $241.26M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $14.94M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $7.75M USD Point-in-time
Treasury stock, at cost, 10,009,492 common shares at March 31, 2012 and December 31, 2011 TreasuryStockValue $34.15M USD Point-in-time
Treasury stock, at cost, 10,009,492 common shares at March 31, 2012 and December 31, 2011 TreasuryStockValue $34.15M USD Point-in-time
Total Inter Parfums, Inc. shareholders' equity StockholdersEquity $252.67M USD Point-in-time
Total Inter Parfums, Inc. shareholders' equity StockholdersEquity $273.34M USD Point-in-time
Noncontrolling interest MinorityInterest $71.68M USD Point-in-time
Noncontrolling interest MinorityInterest $79.02M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $299.95M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $352.36M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $334.10M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $324.35M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $522.18M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $516.03M USD Point-in-time
Income Statement 38 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $133.36M USD 1 Quarter
Net sales SalesRevenueNet $165.37M USD 1 Quarter
Cost of sales CostOfGoodsSold $58.69M USD 1 Quarter
Cost of sales CostOfGoodsSold $46.77M USD 1 Quarter
Gross margin GrossProfit $106.68M USD 1 Quarter
Gross margin GrossProfit $86.59M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $61.05M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $74.92M USD 1 Quarter
Income from operations OperatingIncomeLoss $25.54M USD 1 Quarter
Income from operations OperatingIncomeLoss $31.75M USD 1 Quarter
Interest expense InterestExpense $362.00K USD 1 Quarter
Interest expense InterestExpense $440.00K USD 1 Quarter
(Gain) loss on foreign currency ForeignCurrencyTransactionGainLossBeforeTax $-248.00K USD 1 Quarter
(Gain) loss on foreign currency ForeignCurrencyTransactionGainLossBeforeTax $419.00K USD 1 Quarter
Interest and income InvestmentIncomeInterestAndDividend $317.00K USD 1 Quarter
Interest and income InvestmentIncomeInterestAndDividend $524.00K USD 1 Quarter
Nonoperating Income (Expense) NonoperatingIncomeExpense $296.00K USD 1 Quarter
Nonoperating Income (Expense) NonoperatingIncomeExpense $-86.00K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $25.84M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $31.67M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $8.50M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $11.41M USD 1 Quarter
Net income ProfitLoss $20.25M USD 1 Quarter
Net income ProfitLoss $17.34M USD 1 Quarter
Less: Net income attributable to the noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $4.76M USD 1 Quarter
Less: Net income attributable to the noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $4.58M USD 1 Quarter
Net income attributable to Inter Parfums, Inc. NetIncomeLoss $12.76M USD 1 Quarter
Net income attributable to Inter Parfums, Inc. NetIncomeLoss $15.50M USD 1 Quarter
Basic EarningsPerShareBasic $0.51 USD 1 Quarter
Basic EarningsPerShareBasic $0.42 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.41 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.51 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 30.55M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 30.47M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 30.63M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 30.69M shares 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared $0.08 USD 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared $0.08 USD 1 Quarter
Cash Flow Statement 60 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $20.25M USD 1 Quarter
Net income ProfitLoss $17.34M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $2.98M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $3.69M USD 1 Quarter
Provision for doubtful accounts ProvisionForReductionOfDoubtfulAccounts $-75.00K USD 1 Quarter
Provision for doubtful accounts ProvisionForReductionOfDoubtfulAccounts $-980.00K USD 1 Quarter
Noncash stock compensation ShareBasedCompensation $266.00K USD 1 Quarter
Noncash stock compensation ShareBasedCompensation $220.00K USD 1 Quarter
Deferred tax (benefit) DeferredIncomeTaxExpenseBenefit $-297.00K USD 1 Quarter
Deferred tax (benefit) DeferredIncomeTaxExpenseBenefit $31.00K USD 1 Quarter
Change in fair value of derivatives UnrealizedGainLossOnDerivatives $119.00K USD 1 Quarter
Change in fair value of derivatives UnrealizedGainLossOnDerivatives $30.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-16.01M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $19.46M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $15.15M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $25.27M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $370.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-687.00K USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-29.22M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $17.29M USD 1 Quarter
Income taxes payable, net IncreaseDecreaseInAccruedIncomeTaxesPayable $3.77M USD 1 Quarter
Income taxes payable, net IncreaseDecreaseInAccruedIncomeTaxesPayable $3.41M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-1.83M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-1.08M USD 1 Quarter
Purchases of short-term investments PaymentsToAcquireShortTermInvestments $3.93M USD 1 Quarter
Proceeds from sale of short-term investments ProceedsFromSaleOfShortTermInvestments $13.00M USD 1 Quarter
Purchases of equipment and leasehold improvements PaymentsToAcquirePropertyPlantAndEquipment $3.29M USD 1 Quarter
Purchases of equipment and leasehold improvements PaymentsToAcquirePropertyPlantAndEquipment $3.95M USD 1 Quarter
Payment for intangible assets acquired PaymentsToAcquireIntangibleAssets $2.34M USD 1 Quarter
Payment for intangible assets acquired PaymentsToAcquireIntangibleAssets $286.00K USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $5.49M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-6.29M USD 1 Quarter
Proceeds from loans payable - banks, net ProceedsFromRepaymentsOfDebt $756.00K USD 1 Quarter
Proceeds from loans payable - banks, net ProceedsFromRepaymentsOfDebt $1.44M USD 1 Quarter
Repayment of long-term debt RepaymentsOfLongTermDebt $2.86M USD 1 Quarter
Repayment of long-term debt RepaymentsOfLongTermDebt $1.42M USD 1 Quarter
Proceeds from exercise of options ProceedsFromStockOptionsExercised $445.00K USD 1 Quarter
Proceeds from exercise of options ProceedsFromStockOptionsExercised $247.00K USD 1 Quarter
Proceeds from sale of stock of subsidiary ProceedsFromIssuanceOfCommonStock $1.13M USD 1 Quarter
Proceeds from sale of stock of subsidiary ProceedsFromIssuanceOfCommonStock $145.00K USD 1 Quarter
Dividends paid PaymentsOfDividends $2.44M USD 1 Quarter
Dividends paid PaymentsOfDividends $1.98M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-2.03M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-2.51M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $2.28M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $959.00K USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $3.43M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-8.45M USD 1 Quarter
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $37.55M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $27.41M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $40.98M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $35.86M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $37.55M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $27.41M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $40.98M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $35.86M USD Point-in-time
Interest InterestPaid $447.00K USD 1 Quarter
Interest InterestPaid $369.00K USD 1 Quarter
Income taxes IncomeTaxesPaid $8.06M USD 1 Quarter
Income taxes IncomeTaxesPaid $3.79M USD 1 Quarter
Stockholders Equity 22 line items
Line Item Tag Value Unit Period
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $299.95M USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $352.36M USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $334.10M USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $324.35M USD Point-in-time
Net income ProfitLoss $20.25M USD 1 Quarter
Net income ProfitLoss $17.34M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease $17.42M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease $9.52M USD 1 Quarter
Net derivative instrument gain, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $102.00K USD 1 Quarter
Net derivative instrument gain, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $20.00K USD 1 Quarter
Shares issued upon exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $247.00K USD 1 Quarter
Shares issued upon exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $445.00K USD 1 Quarter
Sale of subsidiary shares to noncontrolling interest MinorityInterestIncreaseFromStockIssuance $145.00K USD 1 Quarter
Sale of subsidiary shares to noncontrolling interest MinorityInterestIncreaseFromStockIssuance $1.13M USD 1 Quarter
Dividends DividendsCash $2.44M USD 1 Quarter
Dividends DividendsCash $2.44M USD 1 Quarter
Stock compensation StockIssuedDuringPeriodValueShareBasedCompensation $236.00K USD 1 Quarter
Stock compensation StockIssuedDuringPeriodValueShareBasedCompensation $190.00K USD 1 Quarter
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $299.95M USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $352.36M USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $334.10M USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $324.35M USD Point-in-time
Comprehensive Income 18 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $20.25M USD 1 Quarter
Net income ProfitLoss $17.34M USD 1 Quarter
Net derivative instrument gain, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $102.00K USD 1 Quarter
Net derivative instrument gain, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $20.00K USD 1 Quarter
Translation adjustments, net of tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease $17.42M USD 1 Quarter
Translation adjustments, net of tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease $9.52M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $29.87M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $34.78M USD 1 Quarter
Net income NetIncomeLossAttributableToNoncontrollingInterest $4.76M USD 1 Quarter
Net income NetIncomeLossAttributableToNoncontrollingInterest $4.58M USD 1 Quarter
Net derivative instrument gain, net of tax OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToNoncontrollingInterest $1.00K USD 1 Quarter
Net derivative instrument gain, net of tax OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToNoncontrollingInterest $25.00K USD 1 Quarter
Translation adjustments, net of tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest $4.32M USD 1 Quarter
Translation adjustments, net of tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest $2.40M USD 1 Quarter
Comprehensive income attributable to the noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $8.90M USD 1 Quarter
Comprehensive income attributable to the noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $7.18M USD 1 Quarter
Comprehensive income attributable to Inter Parfums, Inc. ComprehensiveIncomeNetOfTax $22.69M USD 1 Quarter
Comprehensive income attributable to Inter Parfums, Inc. ComprehensiveIncomeNetOfTax $25.88M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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