Company: IPAR
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001753926-25-000738
Chunk: 31

Company: INTERPARFUMS INC
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 7
Chunk 31
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 prospective or 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. 

4.
Inventories:    

Inventories consist of the following:

(In thousands)
 
March 31, 2025

December 31, 2024

Raw materials and component parts
 
$
145,688

$
137,572

Finished goods

250,200

234,348

$
395,888

$
371,920

Page 8    

INTERPARFUMS, INC. AND SUBSIDIARIES   Notes to Consolidated Financial Statements  

5.
Fair Value Measurement:   

The following tables present our financial assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value.

Fair Value Measurements at March 31, 2025

Total

Quoted Prices in Active Markets for Identical Assets (Level 1)

Significant Other Observable Inputs (Level 2)

Significant Unobservable Inputs (Level 3)

Assets:

Short-term investments
 
$
75,310

$
7,302

$
68,008

$
—

Interest rate swaps

1,831

—

1,831

—

Foreign currency forward exchange contracts not accounted for using hedge accounting

2,019

—

2,019

—

Foreign currency forward exchange contracts accounted for using hedge accounting

3,960

—

3,960

—

$
83,120

$
7,302

$
75,818

$
—

Fair Value Measurements at December 31, 2024

Total

Quoted Prices in Active Markets for Identical Assets