Company: IPAR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001753926-25-001703
Chunk: 36

Company: INTERPARFUMS INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 7
Chunk 36
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 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 September 30, 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
 
$
77,460

$
3,579

$
73,881

$
—

Interest rate swaps

1,603

—

1,603

—

Foreign currency forward exchange contracts not accounted for using hedge accounting

6,911

—

6,911

—

Foreign currency forward exchange contracts accounted for using hedge accounting

—

—

—

—

Total Assets
 
$
85,974

$
3,579

$
82,395

$
—

Fair Value Measurements at December 31, 2024

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
 
$
109,311

$
7,703

$
101,608

$
—

Interest rate swaps

1,967

—

1,967

—

Total Assets
 
$
111,278

$
7,703

$
103,575

$
—

Liabilities:

Foreign currency forward exchange contracts not accounted for using hedge accounting

445

—

445

—

Foreign currency forward exchange contracts accounted for using hedge accounting

1,435

—

1,435

—

Total Liabilities

$

1,880

$
—

$
1,880

$
—

Page 9

INTERPARFUMS, INC. AND SUBSIDIARIES
 
Notes to Consolidated Financial Statements

The carrying amount of cash and cash equivalents, short-term investments including money market funds and marketable equity securities, accounts receivable, other receivables, accounts payable and accrued expenses approximate 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