0000822663 2026-01-01 2026-03-31 0000822663 2026-03-31 0000822663 2024-12-31 0000822663 2022-12-31 0000822663 2021-04-30 0000822663 ipar:InterparfumsSAMember ipar:EmployeesMember 2026-01-01 2026-03-31 0000822663 us-gaap:OperatingSegmentsMember ipar:EuropeanBasedOperationsMember 2026-01-01 2026-03-31 0000822663 us-gaap:OperatingSegmentsMember ipar:UnitedStatesBasedOperationsMember 2026-01-01 2026-03-31 0000822663 srt:ReportableGeographicalComponentsMember ipar:EuropeanBasedOperationsMember 2026-01-01 2026-03-31 0000822663 srt:GeographyEliminationsMember ipar:EuropeanBasedOperationsMember 2026-01-01 2026-03-31 0000822663 srt:GeographyEliminationsMember ipar:UnitedStatesBasedOperationsMember 2026-01-01 2026-03-31 0000822663 srt:ReportableGeographicalComponentsMember ipar:UnitedStatesBasedOperationsMember 2026-01-01 2026-03-31 0000822663 ipar:RochasFashionMember us-gaap:TrademarksMember 2024-12-31 0000822663 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2026-03-31 0000822663 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2026-03-31 0000822663 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2026-03-31 0000822663 ipar:InterparfumsSASubsidiaryMember ipar:EmployeesMember 2026-01-01 2026-03-31 0000822663 ipar:CoachMember 2025-03-01 2025-03-31 0000822663 ipar:FierceFragranceMember 2025-03-01 2025-03-31 0000822663 ipar:AbercrombieFitchAndHollisterMember 2025-03-01 2025-03-31 0000822663 ipar:InterparfumsSAMember 2026-03-31 0000822663 us-gaap:EmployeeStockOptionMember 2026-01-01 2026-03-31 0000822663 ipar:EliminationsMember 2026-03-31 0000822663 ipar:EuropeanBasedOperationsMember 2026-03-31 0000822663 ipar:UnitedStatesBasedOperationsMember 2026-03-31 0000822663 ipar:EuropeanBasedOperationsMember 2026-01-01 2026-03-31 0000822663 ipar:UnitedStatesBasedOperationsMember 2026-01-01 2026-03-31 0000822663 us-gaap:OperatingSegmentsMember 2026-01-01 2026-03-31 0000822663 srt:ReportableGeographicalComponentsMember 2026-01-01 2026-03-31 0000822663 srt:GeographyEliminationsMember 2026-01-01 2026-03-31 0000822663 us-gaap:CommonStockMember 2024-12-31 0000822663 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0000822663 us-gaap:RetainedEarningsMember 2024-12-31 0000822663 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-31 0000822663 us-gaap:NoncontrollingInterestMember 2024-12-31 0000822663 us-gaap:AdditionalPaidInCapitalMember 2026-01-01 2026-03-31 0000822663 us-gaap:RetainedEarningsMember 2026-01-01 2026-03-31 0000822663 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2026-01-01 2026-03-31 0000822663 us-gaap:NoncontrollingInterestMember 2026-01-01 2026-03-31 0000822663 us-gaap:CommonStockMember 2026-03-31 0000822663 us-gaap:AdditionalPaidInCapitalMember 2026-03-31 0000822663 us-gaap:RetainedEarningsMember 2026-03-31 0000822663 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2026-03-31 0000822663 us-gaap:NoncontrollingInterestMember 2026-03-31 0000822663 us-gaap:FairValueMeasurementsRecurringMember 2026-03-31 0000822663 us-gaap:InterestRateSwapMember 2021-04-30 0000822663 us-gaap:ForeignExchangeContractMember 2026-03-31 0000822663 us-gaap:ForeignExchangeContractMember 2026-01-01 2026-03-31 0000822663 us-gaap:TreasuryStockCommonMember 2024-12-31 0000822663 us-gaap:TreasuryStockCommonMember 2026-03-31 0000822663 ipar:InterparfumsSASubsidiaryMember ipar:EmployeesMember 2022-03-31 0000822663 ipar:InterparfumsSAMember ipar:LongchampMember 2025-07-01 2025-07-31 0000822663 ipar:InterparfumsSAMember ipar:LongchampMember 2025-07-31 0000822663 us-gaap:AdditionalPaidInCapitalMember 2025-03-31 0000822663 us-gaap:RetainedEarningsMember 2025-03-31 0000822663 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-03-31 0000822663 us-gaap:TreasuryStockCommonMember 2025-03-31 0000822663 us-gaap:NoncontrollingInterestMember 2025-03-31 0000822663 us-gaap:CommonStockMember 2025-03-31 0000822663 us-gaap:TreasuryStockCommonMember 2026-01-01 2026-03-31 0000822663 ipar:InterparfumsSAMember 2022-03-31 0000822663 ipar:InterparfumsSAMember srt:MaximumMember ipar:EmployeesMember 2022-03-01 2022-03-31 0000822663 ipar:InterparfumsSAMember ipar:EmployeesMember 2025-06-01 2025-06-30 0000822663 2025-12-31 0000822663 us-gaap:FairValueMeasurementsRecurringMember 2025-12-31 0000822663 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2025-12-31 0000822663 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2025-12-31 0000822663 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2025-12-31 0000822663 2025-01-01 2025-03-31 0000822663 srt:ReportableGeographicalComponentsMember ipar:UnitedStatesBasedOperationsMember 2025-01-01 2025-03-31 0000822663 srt:ReportableGeographicalComponentsMember ipar:EuropeanBasedOperationsMember 2025-01-01 2025-03-31 0000822663 srt:ReportableGeographicalComponentsMember 2025-01-01 2025-03-31 0000822663 srt:GeographyEliminationsMember ipar:UnitedStatesBasedOperationsMember 2025-01-01 2025-03-31 0000822663 srt:GeographyEliminationsMember ipar:EuropeanBasedOperationsMember 2025-01-01 2025-03-31 0000822663 srt:GeographyEliminationsMember 2025-01-01 2025-03-31 0000822663 us-gaap:OperatingSegmentsMember ipar:UnitedStatesBasedOperationsMember 2025-01-01 2025-03-31 0000822663 us-gaap:OperatingSegmentsMember ipar:EuropeanBasedOperationsMember 2025-01-01 2025-03-31 0000822663 us-gaap:OperatingSegmentsMember 2025-01-01 2025-03-31 0000822663 ipar:UnitedStatesBasedOperationsMember 2025-01-01 2025-03-31 0000822663 ipar:EuropeanBasedOperationsMember 2025-01-01 2025-03-31 0000822663 ipar:UnitedStatesBasedOperationsMember 2025-12-31 0000822663 ipar:EuropeanBasedOperationsMember 2025-12-31 0000822663 ipar:EliminationsMember 2025-12-31 0000822663 2026-05-05 0000822663 us-gaap:AdditionalPaidInCapitalMember 2025-01-01 2025-03-31 0000822663 us-gaap:RetainedEarningsMember 2025-01-01 2025-03-31 0000822663 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-01-01 2025-03-31 0000822663 us-gaap:TreasuryStockCommonMember 2025-01-01 2025-03-31 0000822663 us-gaap:NoncontrollingInterestMember 2025-01-01 2025-03-31 0000822663 2025-03-31 0000822663 us-gaap:AdditionalPaidInCapitalMember 2025-12-31 0000822663 us-gaap:RetainedEarningsMember 2025-12-31 0000822663 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-12-31 0000822663 us-gaap:TreasuryStockCommonMember 2025-12-31 0000822663 us-gaap:NoncontrollingInterestMember 2025-12-31 0000822663 ipar:InterparfumsSAMember ipar:MaisonGoutalMember 2025-03-31 0000822663 us-gaap:EmployeeStockOptionMember 2025-01-01 2025-03-31 0000822663 us-gaap:CommonStockMember 2025-12-31 0000822663 ipar:GuessIncMember 2018-01-01 2018-12-31 0000822663 ipar:NauticaMember 2026-01-01 2026-01-31 0000822663 ipar:DavidBeckhamMember 2026-01-01 2026-01-31 0000822663 ipar:InterparfumsSAMember ipar:EmployeesMember us-gaap:PerformanceSharesMember 2025-12-31 0000822663 ipar:InterparfumsSAMember ipar:EmployeesMember us-gaap:PerformanceSharesMember 2026-01-01 2026-03-31 0000822663 ipar:GuessIncMember 2025-12-01 2025-12-31 0000822663 ipar:InterparfumsSAMember ipar:EmployeesMember us-gaap:PerformanceSharesMember 2025-12-01 2025-12-31 shares pure iso4217:EUR iso4217:USD iso4217:USD shares ipar:Number P5Y P6Y P3Y3M18D false Q1 NY 2026 --12-31 0000822663 false false false false 10-Q true 2026-03-31 false 0-16469 INTERPARFUMS, INC. DE 13-3275609 551 Fifth Avenue New York 10176 212 983-2640 Common Stock, $.001 par value per share IPAR NASDAQ Yes Yes Large Accelerated Filer false false false 32025781 79864000 158091000 157206000 137093000 332731000 320625000 369630000 351377000 5853000 9014000 44669000 39954000 7814000 11211000 997767000 1027365000 179389000 184891000 22229000 23347000 317032000 325185000 5311000 4234000 21055000 20226000 1542783000 1585248000 4599000 9400000 50158000 54774000 6212000 6326000 85342000 77210000 150836000 189622000 8781000 6671000 305928000 344003000 107190000 121254000 14609000 15967000 2504000 0 0.001 0.001 1000000 1000000 0 0 0 0 0.001 0.001 100000000 100000000 32025781 32025781 32067285 32067285 32000 32000 127503000 127541000 846631000 828906000 -21853000 -9029000 9078844 9032840 70670000 66734000 881643000 880716000 230909000 223308000 1112552000 1104024000 1542783000 1585248000 344885000 338819000 120246000 122842000 224639000 215977000 150505000 140900000 74134000 75077000 1434000 1545000 -102000 -781000 2318000 581000 290000 79000 1072000 -1666000 75206000 73411000 18503000 18008000 56703000 55403000 13337000 12911000 43366000 42492000 1.35 1.32 1.35 1.32 32028000 32121000 32028000 32174000 0.8 0.8 56703000 55403000 73000 4333000 912000 -1631000 55000 50000 -17160000 27922000 38649000 89239000 13337000 12911000 20000 1191000 15000 14000 -5235000 7274000 8107000 21362000 30542000 67877000 32000 32000 32000 32000 127541000 106702000 280000 1077000 244000 206000 -562000 0 127503000 107985000 828906000 763240000 43366000 42492000 25641000 25700000 0 306000 846631000 780338000 -9029000 -72239000 -11925000 20648000 912000 -1631000 40000 36000 -53000 -3142000 -21853000 -46854000 -66734000 -52864000 -3936000 0 -70670000 -52864000 223308000 197774000 13337000 12911000 -5235000 7274000 15000 14000 -20000 -1191000 180000 55000 -1248000 0 562000 0 0 309000 230909000 218882000 1112552000 1007519000 56703000 55403000 5799000 5927000 837000 -36000 425000 559000 290000 79000 1609000 1745000 1388000 1524000 -889000 2415000 18766000 20774000 24428000 12252000 3889000 -247000 -1695000 -1851000 -23874000 -42539000 5377000 7183000 85000 -7358000 105486000 31653000 82021000 69097000 1363000 1440000 1775000 22495000 -26603000 13509000 -4682000 -1052000 15167000 12451000 280000 1077000 25641000 25700000 0 309000 1248000 0 3936000 0 -50394000 -38435000 -1315000 3468000 -78227000 -28816000 158091000 125433000 79864000 96617000 1346000 1401000 12129000 9475000 <table cellpadding="0" cellspacing="0" style="font: 10pt 'times new roman'; width: 100%; margin-top: 0pt; margin-bottom: 0pt;"> <tbody> <tr style="vertical-align: top;"> <td style="width: 48px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b>1.</b></span></td> <td style="padding-right: 0.5in; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><span style="text-decoration: underline; line-height: inherit;">Significant Accounting Policies:</span></b></span></td> </tr> </tbody> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The accounting policies we follow are set forth in the notes to our consolidated financial statements included in our Form 10-K, which was filed with the Securities and Exchange Commission for the year ended <span id="fs_BMVS3MI1VK00000000000000000000FM" style="line-height: inherit;">December 31, 2025</span>.</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt 'times new roman'; width: 100%; margin-top: 0pt; margin-bottom: 0pt;"> <tbody> <tr style="vertical-align: top;"> <td style="width: 0.5in; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b>2.</b></span></td> <td style="padding-right: 0.5in; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><span style="text-decoration: underline; line-height: inherit;">Recent Agreements:</span></b></span></td> </tr> </tbody> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="color: #000000; font: 10pt 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><i>Nautica</i></b></span></p> <p style="color: #000000; font: 10pt 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><br/></p> <p style="color: #000000; font: 10pt 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><span style="color: #000000; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="font-size: 10pt; font-family: 'Times New Roman', serif;">In January 2026, we entered into a<span> </span>20-year license agreement for Nautica brand fragrances and fragrance related products, a subsidiary of the Authentic Brands Group. Our rights under this license are subject to certain minimum advertising expenditures and royalty payments as are customary in our industry.<span> Interparfums will assume full global responsibility for Nautica fragrances effective January 1, 2030. </span></span></span></b></span></p> <p style="color: #000000; font: 10pt 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-style: italic;"><span style="font-weight: bold;"><br/></span></span></p> <p style="color: #000000; font: 10pt 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><i>David Beckham</i></b></span></span></p> <p style="color: #000000; font: 10pt 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><br/></p> <p style="color: #000000; font: 10pt 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><span style="color: #000000; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="font-size: 10pt; font-family: 'Times New Roman', serif;">In January 2026, we entered into a<span> </span>20-year license agreement for David Beckham brand fragrances and fragrance related products, a subsidiary of the Authentic Brands Group. This license will become effective on April 1, 2028. Our rights under this license are subject to certain minimum advertising expenditures and royalty payments as are customary in our industry.<span> </span></span></span></b></span></p> <p style="color: #000000; font: 10pt 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><br/></p> <p style="color: #000000; font: 10pt 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-style: italic;"><span style="font-weight: bold;">GUESS</span></span></p> <p style="color: #000000; font: 10pt 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-style: italic;"><span style="font-weight: bold;"><br/></span></span></p> <p style="color: #000000; font: 10pt 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">In<span> 2018</span></span><span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">, GUESS?, Inc. and the Company<span> </span></span><span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">signed an exclusive worldwide license agreement for the creation, the manufacturing and the distribution of fragrances under the GUESS brand until December 31, 2033. In December 2025, the license agreement was renewed for an additional <span>15 years, </span></span><span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">extending the license through <span><span style="font-family: 'times new roman', times; font-size: 10pt;">December 31, 2048</span>.</span></span><span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"> </span></p> <p style="color: #000000; font: 10pt 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-style: italic;"><span style="font-weight: bold;"><br/></span></span></p> <p style="margin: 0pt 0px 0pt 0.5in; color: #000000; font: 10pt / 1.2 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><span><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><i>Longchamp</i></b></span></span></p> <p style="margin: 0pt 0px 0pt 0.5in; color: #000000; font: 10pt / 1.2 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="margin: 0pt 0px 0pt 0.5in; color: #000000; font: 10pt / 1.2 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><span style="line-height: inherit;">In July 2025, we announced that our 72% owned French subsidiary, Interparfums SA, signed an exclusive license agreement with Longchamp, a Parisian Maison, through December 31, 2036. Interparfums SA will be responsible for the creation, development, production and distribution of fragrance lines in Longchamp-brand points of sale and selective distribution channels. The first launch is expected in 2027. Our rights under this license are subject to certain minimum advertising expenditures and royalty payments as are customary in our industry.  </span></p> <p style="margin: 0pt 0px 0pt 0.5in; color: #000000; font: 10pt / 1.2 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="margin: 0pt 0px 0pt 0.5in; color: #000000; font: 10pt / 1.2 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><i>Goutal</i></b></span></p> <p style="margin: 0pt 0px 0pt 0.5in; color: #000000; font: 10pt / 1.2 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="margin: 0pt 0px 0pt 0.5in; color: #000000; font: 10pt / 1.2 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><span>In March 2025, we announced that our 72% owned French subsidiary, Interparfums SA, acquired all intellectual property rights relating to Goutal Paris held by Amorepacific Europe. In January 2026, Interparfums SA began commercial use of the fragrance brand. </span></p> <p style="margin: 0pt 0px 0pt 0.5in; color: #000000; font: 10pt / 1.2 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><br/></p> <p style="margin: 0pt 0px 0pt 0.5in; color: #000000; font: 10pt / 1.2 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><i>Coach</i></b></span></p> <p style="margin: 0pt 0px 0pt 0.5in; color: #000000; font: 10pt / 1.2 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="margin: 0pt 0px 0pt 0.5in; color: #000000; font: 10pt / 1.2 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><span style="color: #000000; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;"><span>In <span id="fs_PE1AFALR5C00000000000000000000fs">2015</span>, Coach and Interparfums SA signed an exclusive worldwide license agreement for the creation, the manufacturing and the distribution of fragrances under the Coach brand until June 30, 2026. In March 2025, the license agreement was renewed for an additional <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">5</span>-year</span> term, extending the license through June 30, 2031. </span> </span></b></span></p> <p style="margin: 0pt 0px 0pt 0.5in; color: #000000; font: 10pt / 1.2 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="margin: 0pt 0pt 10pt 36pt; color: #000000; font: 10pt / 1.2 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0pt; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><i>Abercrombie &amp; Fitch and Hollister</i></b></span></p> <p style="margin: 0in 0in 0in 0.5in; text-align: justify; line-height: 12pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10.0pt;">In March 2025, we expanded our <i>Fierce</i> distribution agreement, which now allows for a global distribution of the iconic <span style="font-style: italic;">Fierce </span>fragrance line that either party may terminate on two year’s notice. Furthermore, our existing<span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> Abercrombie &amp; Fitch and Hollister fragrance license agreement will expire on<span> </span></span>March 14, 2028<span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">.<span> The goal of the updated <span style="font-style: italic;">Fierce</span> distribution agreement is to drive, over time, more consistency between the products that are carried in the Abercrombie &amp; Fitch stores and unaffiliated retailers. </span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><i>Rochas Fashion</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;">As a result of operational challenges faced by the Rochas Fashion business, we have taken impairment charges on our Rochas fashion trademark, and in the fourth quarter of <span id="fs_M7NNXKPFS000000000000000000000fs" style="line-height: inherit;">2024</span>, management reviewed and agreed with an independent expert's conclusion that the fair value of the trademark was $<span style="line-height: inherit;">7.2</span> million. There have been no triggering events in the first quarter<span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"> of <span style="border-left: none; border-right: none; line-height: inherit;"><span id="fs_FZWP0KIXGG00000000000000000000FM" style="line-height: inherit;">2026</span></span></span> and 2025 that would require management to perform an impairment analysis. </span></p> P20Y P20Y 2033-12-31 P15Y 2048-12-31 0.72 2036-12-31 0.72 P5Y 2031-06-30 P2Y 2028-03-14 7200000 <table cellpadding="0" cellspacing="0" style="font: 10pt 'times new roman'; width: 100%; margin-top: 0pt; margin-bottom: 0pt; height: 15px;"> <tbody> <tr style="vertical-align: top; height: 15px;"> <td style="width: 0.5in; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b>3.</b></span></td> <td id="xdx_829_zNeGLH1Mhxdh" style="padding-right: 0.5in; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><span style="text-decoration: underline; line-height: inherit;">Recent Accounting Pronouncements:</span></b></span></td> </tr> </tbody> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="margin: 0pt 0px 0pt 0.5in; text-align: justify; font-size: 10pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">In November 2024, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No.<span style="line-height: inherit;"> </span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">2024</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">-</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">03</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic<span style="line-height: inherit;"> </span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">220-40</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">): Disaggregation of Income Statement Expenses and in January 2025, the FASB issued ASU No.<span style="line-height: inherit;"> </span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">2025</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">-</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">01</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic<span style="line-height: inherit;"> </span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">220</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">-</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">40</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">): Clarifying the Effective Date, which clarified the effective date of ASU<span style="line-height: inherit;"> </span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">2024</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">-</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">03</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">. The ASU requires, among other things, more detailed disclosures about types of expenses in commonly presented expense captions such as cost of sales and selling, general and administrative expenses and is intended to improve the disclosures about an entity's expenses including purchases of inventory, employee compensation, depreciation and intangible asset amortization. ASU<span style="line-height: inherit;"> </span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">2024</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">-</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">03</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span style="line-height: inherit;"> </span>will also require the Company to disclose both the amount and the Company's definition of selling expenses. The guidance, as clarified by ASU<span style="line-height: inherit;"> </span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">2025</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">-</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">01</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">, is effective for fiscal years beginning after December 15, 2026, and interim periods for fiscal years beginning after December 15, 2027, on a prospective or retrospective basis. Early adoption is permitted. We are currently evaluating the impact of adopting this ASU on our disclosures.</span></span></p> <p style="margin: 0pt 0px 0pt 0.5in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p> <p style="margin: 0pt 0px 0pt 0.5in; text-align: justify; line-height: 1.2; font-size: 10pt; font-family: 'Times New Roman', serif;"><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'times new roman', times;">In November 2025, the FASB issued ASU 2025‑09, Derivatives and Hedging (Topic 815): Hedge Accounting Improvements. The guidance makes targeted amendments to the hedge accounting model to better align the accounting with an entity’s risk management activities and to clarify the application of certain hedge accounting requirements. </span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'times new roman', times;"><span>The amendments are effective for the Company for fiscal years beginning after December 15, 2026, including interim periods, with early adoption permitted. The Company is currently evaluating the impact of</span><span> </span>adopting this guidance on its hedge accounting policies and disclosures; however, the Company does not expect adoption to have a material impact on its consolidated financial position, results of operations, or cash flows.</span></p> <p style="margin: 0pt 0px 0pt 0.5in; text-align: justify; line-height: 1.2; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p> <p style="margin: 0pt 0px 0pt 0.5in; text-align: justify; line-height: 1.2; font-size: 10pt; font-family: 'Times New Roman', serif;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">There are no other recent accounting pronouncements issued but not yet adopted that would have a material effect on our consolidated financial statements.</span></p> <div id="t_ft_HFET0V54TS00000000000000000000b" style="line-height: 1.2;"> <table cellpadding="0" cellspacing="0" style="font: 10pt 'times new roman'; margin-top: 0px; margin-bottom: 0pt; width: 100%;"> <tbody> <tr style="vertical-align: top;"> <td style="width: 0.5in; text-align: left; box-shadow: none;"><span style="font-style: normal; font-variant: small-caps; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><b>4.</b></span></td> <td id="xdx_827_zoQ7vBZ1wU5b" style="box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><span style="text-decoration: underline; line-height: inherit;">Inventories:</span></b></span></td> </tr> </tbody> </table> </div> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 0pt 0px; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <div id="fo74c6eb5a61034c0daa2dd9cfa5183fdb"> <p id="xdx_89A_eus-gaap--ScheduleOfInventoryCurrentTableTextBlock_zhwo8hRcWS9l" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span id="xdx_8BF_znV7iwgeboL7" style="line-height: inherit;">Inventories consist of the following:</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt 'times new roman'; border-collapse: collapse; width: 90%; margin-left: 0.5in; height: 60px;"> <tbody> <tr style="vertical-align: bottom; height: 10px;"> <td style="text-align: justify; padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">(In thousands)</span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="2" id="xdx_49D_20240331_zEHUwtHPwuTi" style="text-align: center; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-weight: bold; line-height: inherit;"><span id="fs_EP2K7N27QO00000000000000000000FM" style="line-height: inherit;">March 31, 2026</span></span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-weight: bold; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-weight: bold; line-height: inherit;"> </span></td> <td colspan="2" id="xdx_494_20231231_zXVdzscTN9A" style="text-align: center; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-weight: bold; line-height: inherit;"><span id="fs_BSDCRY5FU800000000000000000000FM" style="line-height: inherit;">December 31, 2025</span></span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr id="xdx_405_eus-gaap--InventoryRawMaterials_iI_pn3n3_uUSD_zHDPFS1CZn0g" style="vertical-align: bottom; background-color: #cceeff; height: 15px;"> <td style="text-align: left; height: 15px; width: 74%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Raw materials and component parts</span></td> <td style="height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td style="text-align: right; height: 15px; width: 10%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">132,378</span></td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td style="text-align: right; height: 15px; width: 10%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">129,706</span></td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr id="xdx_401_eus-gaap--InventoryFinishedGoods_iI_pn3n3_uUSD_zN8Kmqkc83Ya" style="vertical-align: bottom; height: 10px;"> <td style="text-align: left; padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Finished goods</span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: right; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">237,252</span></td> <td style="padding-bottom: 1pt; text-align: left; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: right; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">221,671</span></td> <td style="padding-bottom: 1pt; text-align: left; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 15px;"> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; height: 10px;"> <td style="padding-bottom: 2.5pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 2.5pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td id="xdx_98F_eus-gaap--InventoryNet_iI_c20240331_zqJRGEXHJFe1" style="text-align: right; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">369,630</span></td> <td style="padding-bottom: 2.5pt; text-align: left; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 2.5pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td id="xdx_986_eus-gaap--InventoryNet_iI_c20231231_z0Nol9jxGY04" style="text-align: right; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">351,377</span></td> <td style="padding-bottom: 2.5pt; text-align: left; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> </tbody> </table> </div> <p id="xdx_89A_eus-gaap--ScheduleOfInventoryCurrentTableTextBlock_zhwo8hRcWS9l" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span id="xdx_8BF_znV7iwgeboL7" style="line-height: inherit;">Inventories consist of the following:</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt 'times new roman'; border-collapse: collapse; width: 90%; margin-left: 0.5in; height: 60px;"> <tbody> <tr style="vertical-align: bottom; height: 10px;"> <td style="text-align: justify; padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">(In thousands)</span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="2" id="xdx_49D_20240331_zEHUwtHPwuTi" style="text-align: center; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-weight: bold; line-height: inherit;"><span id="fs_EP2K7N27QO00000000000000000000FM" style="line-height: inherit;">March 31, 2026</span></span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-weight: bold; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-weight: bold; line-height: inherit;"> </span></td> <td colspan="2" id="xdx_494_20231231_zXVdzscTN9A" style="text-align: center; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-weight: bold; line-height: inherit;"><span id="fs_BSDCRY5FU800000000000000000000FM" style="line-height: inherit;">December 31, 2025</span></span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr id="xdx_405_eus-gaap--InventoryRawMaterials_iI_pn3n3_uUSD_zHDPFS1CZn0g" style="vertical-align: bottom; background-color: #cceeff; height: 15px;"> <td style="text-align: left; height: 15px; width: 74%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Raw materials and component parts</span></td> <td style="height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td style="text-align: right; height: 15px; width: 10%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">132,378</span></td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td style="text-align: right; height: 15px; width: 10%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">129,706</span></td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr id="xdx_401_eus-gaap--InventoryFinishedGoods_iI_pn3n3_uUSD_zN8Kmqkc83Ya" style="vertical-align: bottom; height: 10px;"> <td style="text-align: left; padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Finished goods</span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: right; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">237,252</span></td> <td style="padding-bottom: 1pt; text-align: left; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: right; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">221,671</span></td> <td style="padding-bottom: 1pt; text-align: left; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 15px;"> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; height: 10px;"> <td style="padding-bottom: 2.5pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 2.5pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td id="xdx_98F_eus-gaap--InventoryNet_iI_c20240331_zqJRGEXHJFe1" style="text-align: right; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">369,630</span></td> <td style="padding-bottom: 2.5pt; text-align: left; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 2.5pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td id="xdx_986_eus-gaap--InventoryNet_iI_c20231231_z0Nol9jxGY04" style="text-align: right; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">351,377</span></td> <td style="padding-bottom: 2.5pt; text-align: left; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> </tbody> </table> 132378000 129706000 237252000 221671000 369630000 351377000 <table cellpadding="0" cellspacing="0" style="font: 10pt 'times new roman'; width: 100%; margin-top: 0pt; margin-bottom: 0pt; height: 18px;"> <tbody> <tr style="vertical-align: top; height: 18px;"> <td style="width: 0.5in; height: 18px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b>5.</b></span></td> <td id="xdx_82E_z5zCMNB4zR1a" style="height: 18px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><span style="text-decoration: underline; line-height: inherit;">Fair Value Measurement:</span></b></span></td> </tr> </tbody> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <div id="fob008505428d548b5b76184a4dd71883c"> <p id="xdx_897_eus-gaap--ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_zsxg9g2K5xP5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">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. <span id="xdx_8B9_zVQwV3gqLmR" style="line-height: inherit;">The fair value hierarchy has <span id="fs_UCFEOHNC1S00000000000000000000fs">three</span> levels based on the reliability of the inputs used to determine fair value.</span></span></p> <p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><span style="font-family: 'times new roman'; font-size: 10pt;"> </span></p> <table cellpadding="0" cellspacing="0" style="height: 182px; width: 94%; border: 1px #bbbbbb; font: 10pt 'times new roman'; border-collapse: collapse; margin-left: 0.5in;"> <tbody> <tr style="vertical-align: bottom; height: 10px;"> <td style="padding-bottom: 1pt; padding-left: 0px; text-indent: 0px; height: 10px; padding-right: 0px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: center; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: center; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: center; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: center; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="10" style="font-weight: bold; text-align: center; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Fair Value Measurements at <span id="fs_5TVO3I1DN400000000000000000000FM" style="line-height: inherit;">March 31, 2026</span></span></td> <td style="font-weight: bold; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; height: 10px;"> <td style="padding-bottom: 1pt; padding-left: 0px; text-indent: 0px; height: 10px; padding-right: 0px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="2" style="font-weight: bold; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; text-align: center; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Total</span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; text-align: center; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; text-align: center; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="2" style="font-weight: bold; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; text-align: center; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Quoted Prices in</span><br/><span style="font-family: 'times new roman', times; line-height: inherit;"> Active Markets for</span><br/><span style="font-family: 'times new roman', times; line-height: inherit;"> Identical Assets</span><br/><span style="font-family: 'times new roman', times; line-height: inherit;"> (Level <span id="fs_URYPR9JC2O00000000000000000000fs" style="line-height: inherit;">1</span>)</span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; text-align: center; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; text-align: center; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="2" style="font-weight: bold; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; text-align: center; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Significant Other</span><br/><span style="font-family: 'times new roman', times; line-height: inherit;"> Observable</span><br/><span style="font-family: 'times new roman', times; line-height: inherit;"> Inputs</span><br/><span style="font-family: 'times new roman', times; line-height: inherit;"> (Level <span id="fs_PD443KO2A800000000000000000000fs" style="line-height: inherit;">2</span>)</span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; text-align: center; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; text-align: center; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="2" style="font-weight: bold; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; text-align: center; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Significant</span><br/><span style="font-family: 'times new roman', times; line-height: inherit;"> Unobservable</span><br/><span style="font-family: 'times new roman', times; line-height: inherit;"> Inputs</span><br/><span style="font-family: 'times new roman', times; line-height: inherit;"> (Level <span id="fs_UOEPKTFA9C00000000000000000000fs" style="line-height: inherit;">3</span>)</span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr id="xdx_402_eus-gaap--AssetsFairValueDisclosureAbstract_iB_zVXK17e2Fs01" style="vertical-align: bottom; height: 10px; background-color: #cceeff;"> <td style="padding-left: 0px; text-indent: 0px; height: 10px; padding-right: 0px; margin: 0px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;">Assets:</span></td> <td style="height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="2" style="height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="2" style="height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="2" style="height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="2" style="height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr id="xdx_407_eus-gaap--InvestmentsFairValueDisclosure_i01I_zxx9x9uo49M3" style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; padding: 0px 0px 0px 10px; text-indent: 0px; height: 15px; width: 42%; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Short-term investments</span></td> <td style="height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td style="text-align: right; height: 15px; width: 10%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">157,206</span></td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td style="text-align: right; height: 15px; width: 10%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">3,621</span></td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td style="text-align: right; height: 15px; width: 10%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">153,585</span></td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td style="text-align: right; height: 15px; width: 10%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">—</span></td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr id="xdx_402_eus-gaap--InterestRateFairValueHedgeAssetAtFairValue_i01I_zaqAeHM2AJec" style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="text-align: left; padding: 0px 0px 0px 10px; text-indent: 0px; height: 15px; margin: 0px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;">Interest rate swaps</span></td> <td style="height: 15px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: right; height: 15px; box-shadow: none; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="font-family: 'times new roman', times; line-height: inherit;">2,113</span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: right; height: 15px; box-shadow: none; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="font-family: 'times new roman', times; line-height: inherit;">—</span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: right; height: 15px; box-shadow: none; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="font-family: 'times new roman', times; line-height: inherit;">2,113</span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: right; height: 15px; box-shadow: none; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="font-family: 'times new roman', times; line-height: inherit;">—</span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="padding: 0px 0px 0px 10px; text-indent: 0px; height: 15px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr id="xdx_404_eus-gaap--AssetsFairValueDisclosure_i01I_zWbWllGMpDke" style="vertical-align: bottom; height: 10px; background-color: #cceeff;"> <td style="padding: 0px 0px 0px 10px; text-indent: 0px; height: 10px; margin: 0px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -12px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Total Assets</span></span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: #000000 !important; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td style="text-align: right; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: #000000 !important; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;">159,319</span></td> <td style="text-align: left; padding-bottom: 1pt; height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: #000000 !important; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td style="text-align: right; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: #000000 !important; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;">3,621</span></td> <td style="text-align: left; padding-bottom: 1pt; height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: #000000 !important; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td style="text-align: right; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: #000000 !important; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;">155,698</span></td> <td style="text-align: left; padding-bottom: 1pt; height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: #000000 !important; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td style="text-align: right; padding-bottom: 1pt; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: #000000 !important; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;">—</span></td> <td style="text-align: left; padding-bottom: 1pt; height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 0px 0px 10px; text-indent: 0px; margin: 0px; box-shadow: none; height: 17px;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 17px;"><br/></td> <td style="text-align: left; box-shadow: none; height: 17px;"><br/></td> <td style="text-align: right; box-shadow: none; height: 17px;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 17px;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 17px;"><br/></td> <td style="text-align: left; box-shadow: none; height: 17px;"><br/></td> <td style="text-align: right; box-shadow: none; height: 17px;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 17px;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 17px;"><br/></td> <td style="text-align: left; box-shadow: none; height: 17px;"><br/></td> <td style="text-align: right; box-shadow: none; height: 17px;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 17px;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 17px;"><br/></td> <td style="text-align: left; box-shadow: none; height: 17px;"><br/></td> <td style="text-align: right; padding-bottom: 1pt; box-shadow: none; height: 17px;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 17px;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding: 0px; text-indent: 0px; margin: 0px; box-shadow: none; white-space: normal; height: 16px; background-color: #cceeff;"><span style="font-family: 'times new roman', times; ;color: black;">Liabilities:</span></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: right; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: right; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: right; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: right; padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding: 0px 0px 0px 10px; text-indent: 0px; margin: 0px; box-shadow: none; height: 16px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Interest rate swaps</span></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px;">$</td> <td style="text-align: right; box-shadow: none; height: 16px;">26</td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td> <td style="text-align: right; box-shadow: none; height: 16px;">—</td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td> <td style="text-align: right; box-shadow: none; height: 16px;">26</td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td> <td style="text-align: right; padding-bottom: 1pt; box-shadow: none; height: 16px;">—</td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding: 0px 0px 0px 10px; text-indent: 0px; margin: 0px; box-shadow: none; height: 16px; background-color: #cceeff;"><span style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; text-indent: -12px; line-height: inherit;">Foreign currency forward exchange contracts not accounted for using hedge </span><span style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; text-indent: -12px; line-height: inherit;">accounting</span></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> <td style="text-align: right; box-shadow: none; height: 16px; background-color: #cceeff; border-bottom: 1pt solid #000000; vertical-align: bottom;" valign="bottom">386</td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> <td style="text-align: right; box-shadow: none; height: 16px; background-color: #cceeff; border-bottom: 1pt solid #000000; vertical-align: bottom;" valign="bottom">—</td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> <td style="text-align: right; box-shadow: none; height: 16px; background-color: #cceeff; border-bottom: 1pt solid #000000; vertical-align: bottom;" valign="bottom">386</td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> <td style="text-align: right; padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff; border-bottom: 1pt solid #000000; vertical-align: bottom;" valign="bottom">—</td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding: 0px 0px 0px 10px; text-indent: 0px; margin: 0px; box-shadow: none; height: 16px;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: right; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: right; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: right; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: right; padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding: 0px 0px 0px 10px; text-indent: 0px; margin: 0px; box-shadow: none; height: 16px; background-color: #cceeff;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -12px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Total Liabilities</span></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">$</td> <td style="text-align: right; box-shadow: none; height: 16px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">412</td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px; border-bottom: 2.8pt double #000000; background-color: #cceeff;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td> <td style="text-align: right; box-shadow: none; height: 16px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">—</td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px; border-bottom: 2.8pt double #000000; background-color: #cceeff;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td> <td style="text-align: right; box-shadow: none; height: 16px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">412</td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px; border-bottom: 2.8pt double #000000; background-color: #cceeff;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td> <td style="text-align: right; padding-bottom: 1pt; box-shadow: none; height: 16px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">—</td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><br/></p> <table cellpadding="0" cellspacing="0" style="height: 160px; width: 94%; border: 1px none #bbbbbb; font: 10pt 'times new roman'; border-collapse: collapse; margin-left: 0.5in;"> <tbody> <tr style="vertical-align: bottom; height: 16px;"> <td style="padding-bottom: 1pt; padding-left: 0px; text-indent: 0px; height: 16px; padding-right: 0px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: center; height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: center; height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: center; height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: center; height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="10" style="font-weight: bold; text-align: center; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Fair Value Measurements at <span id="fs_0VCZ9SXLTC00000000000000000000FM" style="line-height: inherit;">December 31, 2025</span></span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; height: 62px;"> <td style="padding-bottom: 1pt; padding-left: 0px; text-indent: 0px; height: 62px; padding-right: 0px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 62px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td colspan="2" style="font-weight: bold; height: 62px; border-bottom-width: 1pt; border-bottom-style: solid; text-align: center; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total</span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 62px; text-align: center; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 62px; text-align: center; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td colspan="2" style="font-weight: bold; height: 62px; border-bottom-width: 1pt; border-bottom-style: solid; text-align: center; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Quoted Prices in<br/> Active Markets for<br/> Identical Assets<br/> (Level <span id="fs_LKNL3NJBYO00000000000000000000fs" style="line-height: inherit;">1</span>)</span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 62px; text-align: center; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 62px; text-align: center; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td colspan="2" style="font-weight: bold; height: 62px; border-bottom-width: 1pt; border-bottom-style: solid; text-align: center; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Significant Other<br/> Observable<br/> Inputs<br/> (Level <span id="fs_TMXHK730WG00000000000000000000fs" style="line-height: inherit;">2</span>)</span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 62px; text-align: center; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 62px; text-align: center; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td colspan="2" style="font-weight: bold; height: 62px; border-bottom-width: 1pt; border-bottom-style: solid; text-align: center; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Significant<br/> Unobservable<br/> Inputs<br/> (Level <span id="fs_MY0I4IVJEO00000000000000000000fs" style="line-height: inherit;">3</span>)</span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 62px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> </tr> <tr id="xdx_402_eus-gaap--AssetsFairValueDisclosureAbstract_iB_zfhTtcSQ5edg" style="vertical-align: bottom; height: 10px; background-color: #cceeff;"> <td style="padding-left: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; padding-right: 0px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Assets:</span></td> <td style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td colspan="2" style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td colspan="2" style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td colspan="2" style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td colspan="2" style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> </tr> <tr id="xdx_407_eus-gaap--InvestmentsFairValueDisclosure_i01I_zSfRoLhc4sM5" style="vertical-align: bottom; height: 10px;"> <td style="text-align: left; padding: 0px 0px 0px 10px; text-indent: 0px; height: 10px; width: 42%; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Short-term investments</span></td> <td style="height: 10px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">$</span></td> <td style="text-align: right; height: 10px; width: 10%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">137,093</span></td> <td style="text-align: left; height: 10px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">$</span></td> <td style="text-align: right; height: 10px; width: 10%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,801</span></td> <td style="text-align: left; height: 10px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">$</span></td> <td style="text-align: right; height: 10px; width: 10%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">133,292</span></td> <td style="text-align: left; height: 10px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">$</span></td> <td style="text-align: right; height: 10px; width: 10%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">—</span></td> <td style="text-align: left; height: 10px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> </tr> <tr id="xdx_406_eus-gaap--InterestRateFairValueHedgeAssetAtFairValue_i01I_z0NhYj2JQOf6" style="vertical-align: bottom; height: 10px; background-color: #cceeff;"> <td style="text-align: left; padding: 0px 0px 0px 10px; text-indent: 0px; height: 10px; background-color: #cceeff; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Interest rate swaps</span></td> <td style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: right; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,597</span></td> <td style="text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: right; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">—</span></td> <td style="text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: right; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,597</span></td> <td style="text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: right; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">—</span></td> <td style="text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> </tr> <tr id="xdx_404_eus-gaap--ForeignCurrencyFairValueHedgeDerivativeAtFairValueNet_i01I_zsTlyr3d3166" style="vertical-align: bottom; height: 10px;"> <td style="text-align: left; padding: 0px 0px 0px 10px; text-indent: 0px; height: 10px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Foreign currency forward exchange contracts not accounted for using hedge accounting</span></td> <td style="height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: right; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">498</span></span></td> <td style="text-align: left; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: right; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">—</span></span></td> <td style="text-align: left; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: right; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">498</span></span></td> <td style="text-align: left; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: right; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">—</span></span></td> <td style="text-align: left; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> </tr> <tr id="xdx_40A_eus-gaap--ForeignCurrencyFairValueHedgeLiabilityAtFairValue_i01I_zOb5wTvQvsG7" style="vertical-align: bottom; height: 10px; background-color: #cceeff;"> <td style="text-align: left; padding: 0px 0px 0px 10px; text-indent: 0px; height: 10px; background-color: #cceeff; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Foreign currency forward exchange contracts accounted for using hedge accounting</span></td> <td style="padding-bottom: 1pt; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: right; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">169</span></span></td> <td style="text-align: left; padding-bottom: 1pt; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: right; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">—</span></span></td> <td style="text-align: left; padding-bottom: 1pt; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: right; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">169</span></span></td> <td style="text-align: left; padding-bottom: 1pt; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: right; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">—</span></span></td> <td style="text-align: left; padding-bottom: 1pt; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> </tr> <tr style="height: 16px;"> <td style="padding: 0px 0px 0px 10px; text-indent: 0px; height: 16px; margin: 0px; box-shadow: none;"><br/></td> <td style="padding-bottom: 1pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 1pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 1pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 1pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; height: 16px; box-shadow: none;"><br/></td> </tr> <tr style="background-color: #cceeff; height: 16px;"> <td style="padding: 0px 0px 0px 10px; text-indent: 0px; background-color: #cceeff; height: 16px; margin: 0px; box-shadow: none;">Total Assets</td> <td style="padding-bottom: 1pt; background-color: #cceeff; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; background-color: #cceeff; height: 16px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: #000000 !important; box-shadow: none;">$</td> <td style="text-align: right; background-color: #cceeff; height: 16px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: #000000 !important; box-shadow: none;"> <p>139,357</p> </td> <td style="text-align: left; padding-bottom: 1pt; background-color: #cceeff; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 1pt; background-color: #cceeff; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; background-color: #cceeff; height: 16px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: #000000 !important; box-shadow: none;">$</td> <td style="text-align: right; background-color: #cceeff; height: 16px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: #000000 !important; box-shadow: none;">3,801</td> <td style="text-align: left; padding-bottom: 1pt; background-color: #cceeff; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 1pt; background-color: #cceeff; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; background-color: #cceeff; height: 16px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: #000000 !important; box-shadow: none;">$</td> <td style="text-align: right; background-color: #cceeff; height: 16px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: #000000 !important; box-shadow: none;">135,556</td> <td style="text-align: left; padding-bottom: 1pt; background-color: #cceeff; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 1pt; background-color: #cceeff; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; background-color: #cceeff; height: 16px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: #000000 !important; box-shadow: none;">$</td> <td style="text-align: right; background-color: #cceeff; height: 16px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: #000000 !important; box-shadow: none;">—</td> <td style="text-align: left; padding-bottom: 1pt; background-color: #cceeff; height: 16px; box-shadow: none;"><br/></td> </tr> </tbody> </table> </div> <p style="margin: 0pt 0px 0pt 0.5in; color: #000000; font: 10pt 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><br/></p> <p style="margin: 0pt 0px 0pt 0.5in; color: #000000; font: 10pt / 1.2 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;">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.</span></p> <p style="margin: 0pt 0px 0pt 0.5in; color: #000000; font: 10pt 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><br/></p> <p style="margin: 0pt 0px 0pt 0.5in; color: #000000; font: 10pt 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">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.</span></span></p> <p id="xdx_897_eus-gaap--ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_zsxg9g2K5xP5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">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. <span id="xdx_8B9_zVQwV3gqLmR" style="line-height: inherit;">The fair value hierarchy has <span id="fs_UCFEOHNC1S00000000000000000000fs">three</span> levels based on the reliability of the inputs used to determine fair value.</span></span></p> <p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><span style="font-family: 'times new roman'; font-size: 10pt;"> </span></p> <table cellpadding="0" cellspacing="0" style="height: 182px; width: 94%; border: 1px #bbbbbb; font: 10pt 'times new roman'; border-collapse: collapse; margin-left: 0.5in;"> <tbody> <tr style="vertical-align: bottom; height: 10px;"> <td style="padding-bottom: 1pt; padding-left: 0px; text-indent: 0px; height: 10px; padding-right: 0px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: center; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: center; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: center; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: center; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="10" style="font-weight: bold; text-align: center; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Fair Value Measurements at <span id="fs_5TVO3I1DN400000000000000000000FM" style="line-height: inherit;">March 31, 2026</span></span></td> <td style="font-weight: bold; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; height: 10px;"> <td style="padding-bottom: 1pt; padding-left: 0px; text-indent: 0px; height: 10px; padding-right: 0px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="2" style="font-weight: bold; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; text-align: center; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Total</span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; text-align: center; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; text-align: center; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="2" style="font-weight: bold; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; text-align: center; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Quoted Prices in</span><br/><span style="font-family: 'times new roman', times; line-height: inherit;"> Active Markets for</span><br/><span style="font-family: 'times new roman', times; line-height: inherit;"> Identical Assets</span><br/><span style="font-family: 'times new roman', times; line-height: inherit;"> (Level <span id="fs_URYPR9JC2O00000000000000000000fs" style="line-height: inherit;">1</span>)</span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; text-align: center; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; text-align: center; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="2" style="font-weight: bold; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; text-align: center; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Significant Other</span><br/><span style="font-family: 'times new roman', times; line-height: inherit;"> Observable</span><br/><span style="font-family: 'times new roman', times; line-height: inherit;"> Inputs</span><br/><span style="font-family: 'times new roman', times; line-height: inherit;"> (Level <span id="fs_PD443KO2A800000000000000000000fs" style="line-height: inherit;">2</span>)</span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; text-align: center; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; text-align: center; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="2" style="font-weight: bold; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; text-align: center; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Significant</span><br/><span style="font-family: 'times new roman', times; line-height: inherit;"> Unobservable</span><br/><span style="font-family: 'times new roman', times; line-height: inherit;"> Inputs</span><br/><span style="font-family: 'times new roman', times; line-height: inherit;"> (Level <span id="fs_UOEPKTFA9C00000000000000000000fs" style="line-height: inherit;">3</span>)</span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr id="xdx_402_eus-gaap--AssetsFairValueDisclosureAbstract_iB_zVXK17e2Fs01" style="vertical-align: bottom; height: 10px; background-color: #cceeff;"> <td style="padding-left: 0px; text-indent: 0px; height: 10px; padding-right: 0px; margin: 0px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;">Assets:</span></td> <td style="height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="2" style="height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="2" style="height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="2" style="height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="2" style="height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr id="xdx_407_eus-gaap--InvestmentsFairValueDisclosure_i01I_zxx9x9uo49M3" style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; padding: 0px 0px 0px 10px; text-indent: 0px; height: 15px; width: 42%; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Short-term investments</span></td> <td style="height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td style="text-align: right; height: 15px; width: 10%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">157,206</span></td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td style="text-align: right; height: 15px; width: 10%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">3,621</span></td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td style="text-align: right; height: 15px; width: 10%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">153,585</span></td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td style="text-align: right; height: 15px; width: 10%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">—</span></td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr id="xdx_402_eus-gaap--InterestRateFairValueHedgeAssetAtFairValue_i01I_zaqAeHM2AJec" style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="text-align: left; padding: 0px 0px 0px 10px; text-indent: 0px; height: 15px; margin: 0px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;">Interest rate swaps</span></td> <td style="height: 15px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: right; height: 15px; box-shadow: none; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="font-family: 'times new roman', times; line-height: inherit;">2,113</span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: right; height: 15px; box-shadow: none; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="font-family: 'times new roman', times; line-height: inherit;">—</span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: right; height: 15px; box-shadow: none; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="font-family: 'times new roman', times; line-height: inherit;">2,113</span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: right; height: 15px; box-shadow: none; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="font-family: 'times new roman', times; line-height: inherit;">—</span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="padding: 0px 0px 0px 10px; text-indent: 0px; height: 15px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr id="xdx_404_eus-gaap--AssetsFairValueDisclosure_i01I_zWbWllGMpDke" style="vertical-align: bottom; height: 10px; background-color: #cceeff;"> <td style="padding: 0px 0px 0px 10px; text-indent: 0px; height: 10px; margin: 0px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -12px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Total Assets</span></span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: #000000 !important; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td style="text-align: right; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: #000000 !important; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;">159,319</span></td> <td style="text-align: left; padding-bottom: 1pt; height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: #000000 !important; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td style="text-align: right; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: #000000 !important; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;">3,621</span></td> <td style="text-align: left; padding-bottom: 1pt; height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: #000000 !important; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td style="text-align: right; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: #000000 !important; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;">155,698</span></td> <td style="text-align: left; padding-bottom: 1pt; height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: #000000 !important; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td style="text-align: right; padding-bottom: 1pt; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: #000000 !important; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;">—</span></td> <td style="text-align: left; padding-bottom: 1pt; height: 10px; box-shadow: none; background-color: #cceeff;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 0px 0px 10px; text-indent: 0px; margin: 0px; box-shadow: none; height: 17px;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 17px;"><br/></td> <td style="text-align: left; box-shadow: none; height: 17px;"><br/></td> <td style="text-align: right; box-shadow: none; height: 17px;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 17px;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 17px;"><br/></td> <td style="text-align: left; box-shadow: none; height: 17px;"><br/></td> <td style="text-align: right; box-shadow: none; height: 17px;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 17px;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 17px;"><br/></td> <td style="text-align: left; box-shadow: none; height: 17px;"><br/></td> <td style="text-align: right; box-shadow: none; height: 17px;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 17px;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 17px;"><br/></td> <td style="text-align: left; box-shadow: none; height: 17px;"><br/></td> <td style="text-align: right; padding-bottom: 1pt; box-shadow: none; height: 17px;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 17px;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding: 0px; text-indent: 0px; margin: 0px; box-shadow: none; white-space: normal; height: 16px; background-color: #cceeff;"><span style="font-family: 'times new roman', times; ;color: black;">Liabilities:</span></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: right; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: right; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: right; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: right; padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding: 0px 0px 0px 10px; text-indent: 0px; margin: 0px; box-shadow: none; height: 16px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Interest rate swaps</span></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px;">$</td> <td style="text-align: right; box-shadow: none; height: 16px;">26</td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td> <td style="text-align: right; box-shadow: none; height: 16px;">—</td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td> <td style="text-align: right; box-shadow: none; height: 16px;">26</td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td> <td style="text-align: right; padding-bottom: 1pt; box-shadow: none; height: 16px;">—</td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding: 0px 0px 0px 10px; text-indent: 0px; margin: 0px; box-shadow: none; height: 16px; background-color: #cceeff;"><span style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; text-indent: -12px; line-height: inherit;">Foreign currency forward exchange contracts not accounted for using hedge </span><span style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; text-indent: -12px; line-height: inherit;">accounting</span></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> <td style="text-align: right; box-shadow: none; height: 16px; background-color: #cceeff; border-bottom: 1pt solid #000000; vertical-align: bottom;" valign="bottom">386</td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> <td style="text-align: right; box-shadow: none; height: 16px; background-color: #cceeff; border-bottom: 1pt solid #000000; vertical-align: bottom;" valign="bottom">—</td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> <td style="text-align: right; box-shadow: none; height: 16px; background-color: #cceeff; border-bottom: 1pt solid #000000; vertical-align: bottom;" valign="bottom">386</td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> <td style="text-align: right; padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff; border-bottom: 1pt solid #000000; vertical-align: bottom;" valign="bottom">—</td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding: 0px 0px 0px 10px; text-indent: 0px; margin: 0px; box-shadow: none; height: 16px;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: right; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: right; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: right; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: right; padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding: 0px 0px 0px 10px; text-indent: 0px; margin: 0px; box-shadow: none; height: 16px; background-color: #cceeff;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -12px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Total Liabilities</span></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">$</td> <td style="text-align: right; box-shadow: none; height: 16px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">412</td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px; border-bottom: 2.8pt double #000000; background-color: #cceeff;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td> <td style="text-align: right; box-shadow: none; height: 16px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">—</td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px; border-bottom: 2.8pt double #000000; background-color: #cceeff;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td> <td style="text-align: right; box-shadow: none; height: 16px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">412</td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> <td style="text-align: left; box-shadow: none; height: 16px; border-bottom: 2.8pt double #000000; background-color: #cceeff;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td> <td style="text-align: right; padding-bottom: 1pt; box-shadow: none; height: 16px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">—</td> <td style="text-align: left; padding-bottom: 1pt; box-shadow: none; height: 16px; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><br/></p> <table cellpadding="0" cellspacing="0" style="height: 160px; width: 94%; border: 1px none #bbbbbb; font: 10pt 'times new roman'; border-collapse: collapse; margin-left: 0.5in;"> <tbody> <tr style="vertical-align: bottom; height: 16px;"> <td style="padding-bottom: 1pt; padding-left: 0px; text-indent: 0px; height: 16px; padding-right: 0px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: center; height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: center; height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: center; height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: center; height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="10" style="font-weight: bold; text-align: center; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Fair Value Measurements at <span id="fs_0VCZ9SXLTC00000000000000000000FM" style="line-height: inherit;">December 31, 2025</span></span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; height: 62px;"> <td style="padding-bottom: 1pt; padding-left: 0px; text-indent: 0px; height: 62px; padding-right: 0px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 62px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td colspan="2" style="font-weight: bold; height: 62px; border-bottom-width: 1pt; border-bottom-style: solid; text-align: center; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total</span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 62px; text-align: center; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 62px; text-align: center; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td colspan="2" style="font-weight: bold; height: 62px; border-bottom-width: 1pt; border-bottom-style: solid; text-align: center; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Quoted Prices in<br/> Active Markets for<br/> Identical Assets<br/> (Level <span id="fs_LKNL3NJBYO00000000000000000000fs" style="line-height: inherit;">1</span>)</span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 62px; text-align: center; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 62px; text-align: center; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td colspan="2" style="font-weight: bold; height: 62px; border-bottom-width: 1pt; border-bottom-style: solid; text-align: center; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Significant Other<br/> Observable<br/> Inputs<br/> (Level <span id="fs_TMXHK730WG00000000000000000000fs" style="line-height: inherit;">2</span>)</span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 62px; text-align: center; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 62px; text-align: center; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td colspan="2" style="font-weight: bold; height: 62px; border-bottom-width: 1pt; border-bottom-style: solid; text-align: center; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Significant<br/> Unobservable<br/> Inputs<br/> (Level <span id="fs_MY0I4IVJEO00000000000000000000fs" style="line-height: inherit;">3</span>)</span></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 62px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> </tr> <tr id="xdx_402_eus-gaap--AssetsFairValueDisclosureAbstract_iB_zfhTtcSQ5edg" style="vertical-align: bottom; height: 10px; background-color: #cceeff;"> <td style="padding-left: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; padding-right: 0px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Assets:</span></td> <td style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td colspan="2" style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td colspan="2" style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td colspan="2" style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td colspan="2" style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> </tr> <tr id="xdx_407_eus-gaap--InvestmentsFairValueDisclosure_i01I_zSfRoLhc4sM5" style="vertical-align: bottom; height: 10px;"> <td style="text-align: left; padding: 0px 0px 0px 10px; text-indent: 0px; height: 10px; width: 42%; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Short-term investments</span></td> <td style="height: 10px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">$</span></td> <td style="text-align: right; height: 10px; width: 10%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">137,093</span></td> <td style="text-align: left; height: 10px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">$</span></td> <td style="text-align: right; height: 10px; width: 10%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,801</span></td> <td style="text-align: left; height: 10px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">$</span></td> <td style="text-align: right; height: 10px; width: 10%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">133,292</span></td> <td style="text-align: left; height: 10px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">$</span></td> <td style="text-align: right; height: 10px; width: 10%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">—</span></td> <td style="text-align: left; height: 10px; width: 1%; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> </tr> <tr id="xdx_406_eus-gaap--InterestRateFairValueHedgeAssetAtFairValue_i01I_z0NhYj2JQOf6" style="vertical-align: bottom; height: 10px; background-color: #cceeff;"> <td style="text-align: left; padding: 0px 0px 0px 10px; text-indent: 0px; height: 10px; background-color: #cceeff; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Interest rate swaps</span></td> <td style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: right; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,597</span></td> <td style="text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: right; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">—</span></td> <td style="text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: right; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,597</span></td> <td style="text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: right; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">—</span></td> <td style="text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> </tr> <tr id="xdx_404_eus-gaap--ForeignCurrencyFairValueHedgeDerivativeAtFairValueNet_i01I_zsTlyr3d3166" style="vertical-align: bottom; height: 10px;"> <td style="text-align: left; padding: 0px 0px 0px 10px; text-indent: 0px; height: 10px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Foreign currency forward exchange contracts not accounted for using hedge accounting</span></td> <td style="height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: right; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">498</span></span></td> <td style="text-align: left; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: right; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">—</span></span></td> <td style="text-align: left; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: right; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">498</span></span></td> <td style="text-align: left; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: right; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">—</span></span></td> <td style="text-align: left; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> </tr> <tr id="xdx_40A_eus-gaap--ForeignCurrencyFairValueHedgeLiabilityAtFairValue_i01I_zOb5wTvQvsG7" style="vertical-align: bottom; height: 10px; background-color: #cceeff;"> <td style="text-align: left; padding: 0px 0px 0px 10px; text-indent: 0px; height: 10px; background-color: #cceeff; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Foreign currency forward exchange contracts accounted for using hedge accounting</span></td> <td style="padding-bottom: 1pt; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: right; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">169</span></span></td> <td style="text-align: left; padding-bottom: 1pt; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: right; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">—</span></span></td> <td style="text-align: left; padding-bottom: 1pt; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: right; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">169</span></span></td> <td style="text-align: left; padding-bottom: 1pt; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> <td style="text-align: right; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; background-color: #cceeff; border-bottom-color: black !important; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">—</span></span></td> <td style="text-align: left; padding-bottom: 1pt; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></td> </tr> <tr style="height: 16px;"> <td style="padding: 0px 0px 0px 10px; text-indent: 0px; height: 16px; margin: 0px; box-shadow: none;"><br/></td> <td style="padding-bottom: 1pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 1pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 1pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 1pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; padding-bottom: 1pt; height: 16px; box-shadow: none;"><br/></td> </tr> <tr style="background-color: #cceeff; height: 16px;"> <td style="padding: 0px 0px 0px 10px; text-indent: 0px; background-color: #cceeff; height: 16px; margin: 0px; box-shadow: none;">Total Assets</td> <td style="padding-bottom: 1pt; background-color: #cceeff; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; background-color: #cceeff; height: 16px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: #000000 !important; box-shadow: none;">$</td> <td style="text-align: right; background-color: #cceeff; height: 16px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: #000000 !important; box-shadow: none;"> <p>139,357</p> </td> <td style="text-align: left; padding-bottom: 1pt; background-color: #cceeff; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 1pt; background-color: #cceeff; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; background-color: #cceeff; height: 16px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: #000000 !important; box-shadow: none;">$</td> <td style="text-align: right; background-color: #cceeff; height: 16px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: #000000 !important; box-shadow: none;">3,801</td> <td style="text-align: left; padding-bottom: 1pt; background-color: #cceeff; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 1pt; background-color: #cceeff; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; background-color: #cceeff; height: 16px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: #000000 !important; box-shadow: none;">$</td> <td style="text-align: right; background-color: #cceeff; height: 16px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: #000000 !important; box-shadow: none;">135,556</td> <td style="text-align: left; padding-bottom: 1pt; background-color: #cceeff; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 1pt; background-color: #cceeff; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; background-color: #cceeff; height: 16px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: #000000 !important; box-shadow: none;">$</td> <td style="text-align: right; background-color: #cceeff; height: 16px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: #000000 !important; box-shadow: none;">—</td> <td style="text-align: left; padding-bottom: 1pt; background-color: #cceeff; height: 16px; box-shadow: none;"><br/></td> </tr> </tbody> </table> 157206000 3621000 153585000 0 2113000 0 2113000 0 159319000 3621000 155698000 0 26000 0 26000 0 386000 0 386000 0 412000 0 412000 0 137093000 3801000 133292000 0 1597000 0 1597000 0 498000 0 498000 0 169000 0 169000 0 139357000 3801000 135556000 0 <table cellpadding="0" cellspacing="0" style="font: 10pt 'times new roman'; width: 100%; margin-top: 0pt; margin-bottom: 0pt;"> <tbody> <tr style="vertical-align: top;"> <td style="width: 0.5in; box-shadow: none;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"><b>6.</b></span></td> <td id="xdx_821_zyrERkYRBdSl" style="text-align: justify; box-shadow: none;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"><b><span style="text-decoration: underline; line-height: inherit;">Derivative Financial Instruments:</span></b></span></td> </tr> </tbody> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;">The Company enters into fo<span style="font-family: 'times new roman', times; line-height: inherit;">reign 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, we determine 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 contracts designated as hedges 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. </span></span></p> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In December 2022, to finance the acquisition of the Lacoste trademark, the Company entered into a €<span id="xdx_90E_eus-gaap--DerivativeNotionalAmount_iI_dxL_uUSDEUR_c20230331_zbECkM8vWIm" style="line-height: inherit;" title="Loan amount::XDX::50000000">50</span> million (approximately $<span id="xdx_907_eus-gaap--DerivativeNotionalAmount_iI_dm_c20230331_zXHJdxdx6h8c" style="line-height: inherit;" title="Loan amount">57.5 million</span>) <span id="xdx_908_eus-gaap--LongTermDebtTerm_iI_dxL_c20221231_z6C0u6hAo5Le" style="line-height: inherit;" title="Long-term debt, term::XDX::P4Y">4</span>-year term loan with a variable interest rate. This variable rate debt was swapped for variable interest rate debt with a maximum rate of <span id="xdx_904_eus-gaap--DerivativeSwaptionInterestRate_iI_dp_c20230331_zuRASp1L0Ode" style="line-height: inherit;" title="Derivative swap interest rate">2</span>% per annum. This swap is a hedged derivative instrument and is therefore recorded at fair value and changes in fair value are reflected in the accompanying consolidated statements of comprehensive income.</span></p> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In connection with the April 2021 acquisition of the office building complex in Paris, €<span id="xdx_90D_eus-gaap--DerivativeNotionalAmount_iI_dxL_uUSDEUR_c20210430_zlR3eMcfnhy1" style="line-height: inherit;" title="Loan amount::XDX::120000000">120</span> million (approximately $<span id="xdx_901_eus-gaap--DerivativeNotionalAmount_iI_pn5n6_c20210430_zdXtAMwLMcw7" style="line-height: inherit;" title="Loan amount">138.0</span> million) of the purchase price was financed through a <span id="xdx_902_eus-gaap--LongTermDebtTerm_iI_dxL_c20210430_z6s4MKFHIRmc" style="line-height: inherit;" title="Long-term debt, term::XDX::P10Y">10</span>-year variable rate term loan. The Company entered into interest rate swap contracts related to €<span id="xdx_907_eus-gaap--DerivativeNotionalAmount_iI_dxL_uUSDEUR_c20210430__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateSwapMember_zIlZ6CylfIVg" style="line-height: inherit;" title="Loan amount::XDX::80000000">80</span> million of the loan, effectively exchanging the variable interest rate to a fixed rate of approximately <span id="xdx_90F_eus-gaap--DerivativeSwaptionInterestRate_iI_pid_dp_uPure_c20210430_z6QIPFdv30gk" style="line-height: inherit;" title="Derivative swap interest rate">1.1</span>%. This derivative instrument is recorded at fair value and changes in fair value are reflected in the accompanying consolidated statements of income.</span></p> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Gains and losses in derivatives designated as hedges are accumulated in other comprehensive income and gains and losses in derivatives not designated as hedges are included in loss on foreign currency in the accompanying consolidated statements of income. Such gains and losses were immaterial for the three months ended <span id="fs_ACNO896VA800000000000000000000FM" style="line-height: inherit;">March 31, 2026</span> and <span id="fs_T9OKNAFIHC00000000000000000000FM" style="line-height: inherit;">2025</span>, respectively.</span></p> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">All derivative instruments are reported as either assets or liabilities on the consolidated balance sheet measured at fair value. The fair value of interest rate swaps includes a liability position, which is included in long-term debt on the accompanying consolidated balance sheet, and an asset position, which is included in other assets on the accompanying balance sheet. The fair value of foreign currency forward exchange contracts at <span id="fs_44CW542Z0G00000000000000000000FM" style="line-height: inherit;">March 31, 2026</span>, resulted in a net liability and is included in accrued expenses on the accompanying consolidated balance sheet.</span></p> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">At<span style="line-height: inherit;"> </span><span id="fs_2GS50BFJLS00000000000000000000FM" style="line-height: inherit;">March 31, 2026</span>, the Company had foreign currency contracts in the form of forward exchange contracts with notional amounts of approximately <span style="line-height: inherit;">USD $38.0</span><span style="line-height: inherit;"><span style="line-height: inherit;"> </span>million, all of </span>which have maturities of less than<span style="line-height: inherit;"> </span>one year.</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;"> </span></span></p> 50000000 57500000 P4Y 0.02 120000000 138000000 P10Y 80000000 0.011 38000000 P1Y <table cellpadding="0" cellspacing="0" style="font: 10pt 'times new roman'; margin: 0px; width: 100%; text-indent: 0px;"> <tbody> <tr style="vertical-align: top;"> <td style="width: 0.5in; text-align: left; box-shadow: none;"> <p style="margin: 0px; text-indent: 0px; line-height: 1.2;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"><b>7.</b></span><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"><b></b></span></p> </td> <td id="xdx_820_zpieLU3Umd46" style="margin: 0px; text-indent: 0px; box-shadow: none;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"><b><span style="text-decoration: underline; line-height: inherit;">Leases:</span></b></span></td> </tr> </tbody> </table> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 0pt 0px; text-align: justify;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;">The Com<span style="font-family: 'times new roman', times; line-height: inherit;">pany 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.</span></span></p> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">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.</span></p> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font: 0pt / 1.2 'Times New Roman', Times, serif; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"><span style="font-family: 'times new roman', times; line-height: inherit;">As of <span id="fs_U3HWNXJ8PS00000000000000000000FM" style="line-height: inherit;">March 31, 2026</span>, the weighted average remaining lease term was <span id="xdx_905_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dxL_c20240331_zN4VLVFVqv8d" style="line-height: inherit;" title="Operating lease, weighted average remaining lease term::XDX::P5Y6M0D"><span style="border-left: none; border-right: none; line-height: inherit;">3.3</span></span> years and the weighted average discount rate used to determine the operating lease liability was <span id="xdx_905_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_pid_dp_uPure_c20240331_zqtRLB5bP973" style="line-height: inherit;" title="Operating lease, weighted average discount rate, percent">3.2</span>%. Rental expense related to operating leases was $<span id="xdx_90F_eus-gaap--OperatingLeasesRentExpenseNet_dm_c20240101__20240331_zjh9lLq6W3y9" style="line-height: inherit;" title="Operating leases, rent expense, net">1.7 million</span> and $<span id="xdx_90C_eus-gaap--OperatingLeasesRentExpenseNet_dm_c20230101__20230331_zzo9MQp0OMQc" style="line-height: inherit;">1.6 million</span> for the <span id="fs_OII2RBAD7400000000000000000000FM">three</span><span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"> <span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">months ended <span id="fs_ERRPR0VFGG00000000000000000000FM">March 31, 2026</span></span></span> and <span id="fs_676S5ORHQO00000000000000000000FM">2025</span>, <span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">respectively</span><span style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">.</span> Operating lease payments included in operating cash flows totaled $<span id="xdx_90C_eus-gaap--OperatingLeasePayments_dm_c20240101__20240331_zZhs8hfzCoA4" style="line-height: inherit;">1.7 million</span> and $<span id="xdx_90D_eus-gaap--OperatingLeasePayments_dm_c20230101__20230331_zgGUgRiYerb7" style="line-height: inherit;">1.9 million</span> for the <span id="fs_8OHNMWAQA800000000000000000000FM">March 31, 2026</span> and <span id="fs_HX73M1ZUCW00000000000000000000FM" style="line-height: inherit;">2025</span>, respectively, <span style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">and noncash additions to operating lease assets totaled $</span><span id="xdx_905_eus-gaap--OperatingLeaseCost_pn5n6_c20230101__20230630_zuvRIdDloc5a" style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;" title="Noncash additions to operating lease assets">0.4</span></span><span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;"> </span>millio</span>n and $0.03</span><span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span style="line-height: inherit;"> </span>million for the <span id="fs_XBX0QYLE9C00000000000000000000FM">March 31, 2026</span> and <span id="fs_5W4K2I5JSG00000000000000000000FM" style="line-height: inherit;">2025</span>, respectively.</span></span></p> P3Y3M18D 0.032 1700000 1600000 1700000 1900000 400000 30000.00 <table cellpadding="0" cellspacing="0" style="font: 10pt 'times new roman'; margin-top: 0px; margin-bottom: 0pt; width: 100%;"> <tbody> <tr style="vertical-align: top;"> <td style="width: 0.5in; text-align: left; box-shadow: none;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"><b>8.</b></span></td> <td style="box-shadow: none;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"><b><span style="text-decoration: underline; line-height: inherit;"><span style="line-height: inherit;"><span id="xdx_82F_zJaW8HIH1imh" style="line-height: inherit;">Share-Based Payments:</span></span></span></b></span></td> </tr> </tbody> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit; text-align: justify;">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 <span style="-sec-ix-hidden:Tag2">six</span>-year term and vest over a <span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_dtxL_c20240101__20240331__srt--RangeAxis__srt--MaximumMember__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zHuLaNRzgxCg" style="line-height: inherit;" title="Options vesting period::XDX::P5Y"><span style="-sec-ix-hidden:Tag1">five</span></span>-year period. The fair value of shares vested during the <span id="fs_QYXFO58BGG00000000000000000000FM">March 31, 2026</span> and <span id="fs_HBSLYGHAU800000000000000000000FM" style="line-height: inherit;">2025</span> aggregated <span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">$<span id="xdx_90D_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_dm_c20240101__20240331__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zR0chv4g6dTl" title="Fair value of shares vested">0.0 million</span></span> and $<span id="xdx_90D_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_dm_c20230101__20230331__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zpUo0QaaT57j" style="line-height: inherit;" title="Fair value of shares vested">0.02 million</span>, respectively. Compensation cost, net of estimated forfeitures, is recognized on a straight-line basis over the requisite service period for the entire award. Forfeitures are estimated based on historic trends. It is generally our policy to issue new shares upon exercise of stock options. </span></p> <p id="xdx_237_z4tQULJYrWV5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"> </span></p> <div id="fo264f1aa59ae7488cbaceb109c2bb956e"> <p id="xdx_890_eus-gaap--ScheduleOfNonvestedShareActivityTableTextBlock_zw5NbavZ9aXe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: inherit; font-family: 'Times New Roman', Times, serif;"><span id="xdx_8BC_zqqZyISUFlt3" style="line-height: inherit;">The following table sets forth information with respect to nonvested options for the <span id="fs_A1P8HOPHCW00000000000000000000FM">March 31, 2026</span>:</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: inherit; font-family: 'Times New Roman', Times, serif;"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt 'times new roman'; border-collapse: collapse; width: 90%; margin-left: 0.5in; height: 65px;"> <tbody> <tr style="vertical-align: bottom; height: 10px;"> <td style="text-align: justify; height: 10px; box-shadow: none;"> </td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"> </td> <td colspan="2" style="text-align: center; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;">Number of Shares</span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;"> </span></td> <td colspan="2" style="text-align: center; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;">Weighted Average Grant-Date Fair Value</span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 15px;"> <td style="width: 70%; text-align: left; height: 15px; padding: 0px; box-shadow: none;">Nonvested options at January 1, 2026</td> <td style="width: 1%; height: 15px; box-shadow: none;"> </td> <td style="width: 1%; text-align: left; height: 15px; box-shadow: none;"> </td> <td id="xdx_98B_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares_iS_pid_uShares_c20240101__20240331_z9LBUzs1VIo6" style="width: 12%; text-align: right; height: 15px; box-shadow: none;">131,600</td> <td style="width: 1%; text-align: left; height: 15px; box-shadow: none;"> </td> <td style="width: 1%; height: 15px; box-shadow: none;"> </td> <td style="width: 1%; text-align: left; height: 15px; padding: 0px; box-shadow: none;">$</td> <td id="xdx_98B_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_iS_pid_uUSDPShares_c20240101__20240331_zsOUjamPLD77" style="width: 12%; text-align: right; height: 15px; padding: 0px; box-shadow: none;">26.83</td> <td style="width: 1%; text-align: left; height: 15px; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; height: 15px; padding: 0px; box-shadow: none;">Nonvested options granted</td> <td style="height: 15px; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; box-shadow: none;"> </td> <td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_pid_uShares_c20240101__20240331_zcPWsWkeW51a" style="text-align: right; height: 15px; box-shadow: none;">—</td> <td style="text-align: left; height: 15px; box-shadow: none;"> </td> <td style="height: 15px; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; padding: 0px; box-shadow: none;"> </td> <td id="xdx_986_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue_pid_uUSDPShares_c20240101__20240331_zGpDy8vp7Vvl" style="text-align: right; height: 15px; padding: 0px; box-shadow: none;">—</td> <td style="text-align: left; height: 15px; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 15px;"> <td style="text-align: left; padding: 0px; height: 15px; box-shadow: none;">Nonvested options vested or forfeited</td> <td style="padding-bottom: 1pt; height: 15px; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"> </td> <td id="xdx_986_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares_iN_pid_di_uShares_c20240101__20240331_z9xPtOAJLFKb" style="text-align: right; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;">(2,000</td> <td style="padding: 0px; text-align: left; height: 15px; box-shadow: none;">)</td> <td style="padding-bottom: 1pt; height: 15px; box-shadow: none;"> </td> <td style="padding: 0px; text-align: left; height: 15px; box-shadow: none;">$</td> <td id="xdx_981_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue_pid_uUSDPShares_c20240101__20240331_zviOVu9PIQV8" style="padding: 0px; text-align: right; height: 15px; box-shadow: none;">29.96</td> <td style="padding-bottom: 1pt; text-align: left; height: 15px; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; height: 10px;"> <td style="text-align: left; padding: 0px; height: 10px; box-shadow: none;">Nonvested options at <span id="fs_67M8RFX4EO00000000000000000000FM">March 31, 2026</span></td> <td style="padding-bottom: 2.5pt; height: 10px; box-shadow: none;"> </td> <td style="text-align: left; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black !important; box-shadow: none;"> </td> <td id="xdx_98D_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares_iE_pid_uShares_c20240101__20240331_zYatV0ixczR9" style="text-align: right; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black !important; box-shadow: none;">129,600</td> <td style="padding-bottom: 2.5pt; text-align: left; height: 10px; box-shadow: none;"> </td> <td style="padding-bottom: 2.5pt; height: 10px; box-shadow: none;"> </td> <td style="padding: 0px; text-align: left; height: 10px; box-shadow: none;">$</td> <td id="xdx_98F_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_iE_pid_uUSDPShares_c20240101__20240331_zRMh8qVrSuY4" style="padding: 0px; text-align: right; height: 10px; box-shadow: none;">26.78</td> <td style="padding-bottom: 2.5pt; text-align: left; height: 10px; box-shadow: none;"> </td> </tr> </tbody> </table> </div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;">Share-based payment expense decreased income before income taxes by $0.42 million and $0.56 million for the <span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span style="border-left: none; border-right: none;"><span id="fs_ALVIA0Y5IO00000000000000000000FM">three</span> months ended <span id="fs_Q59SEFXL6800000000000000000000FM">March 31, 2026</span></span></span> and <span id="fs_LFVGAR5NNK00000000000000000000FM" style="display: inline;">2025</span>, respectively, and decreased income attributable to Interparfums, Inc. by $<span id="xdx_903_eus-gaap--AllocatedShareBasedCompensationExpense_dm_c20240101__20240331_zadcqxxyn5Vc" style="line-height: inherit;" title="Share-based payment arrangement, expense">0.29 million</span> and $<span id="xdx_906_eus-gaap--AllocatedShareBasedCompensationExpense_dm_c20230101__20230331_z86oOnvzyuhj" style="line-height: inherit;" title="Share-based payment arrangement, expense">0.36 million</span> for the <span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span style="border-left: none; border-right: none;"><span id="fs_M6KB0KBCK000000000000000000000FM">three</span> months ended <span id="fs_FUPGKFZISG00000000000000000000FM">March 31, 2026</span> and <span id="fs_GWB2T53RA800000000000000000000FM" style="display: inline;">2025</span> respectively, for the corresponding periods of the prior year</span></span><span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"> </span></p> <div id="fo60795d3c901a4b3abf55e6e4440b7eb6"> <p id="xdx_892_eus-gaap--ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock_zt92wqITwrEj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"><span id="xdx_8BD_zbfjDmEhmFTg" style="line-height: inherit;">The following table summarizes stock option information as of <span id="fs_EDDEJB6QLC00000000000000000000FM" style="line-height: inherit;">March 31, 2026</span>:</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt 'times new roman'; border-collapse: collapse; width: 90%; margin-left: 0.5in; height: 140px;"> <tbody> <tr style="vertical-align: bottom; height: 10px;"> <td style="text-align: justify; height: 10px; width: 69.9162%; box-shadow: none;"> </td> <td style="padding-bottom: 1pt; height: 10px; width: 0.990099%; box-shadow: none;"> </td> <td colspan="2" style="text-align: center; height: 10px; width: 13%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;">Shares</span></td> <td style="padding-bottom: 1pt; height: 10px; width: 0.990099%; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; height: 10px; width: 0.990099%; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;"> </span></td> <td colspan="2" style="text-align: center; height: 10px; width: 13%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;">Weighted Average<br/> Exercise Price</span></td> <td style="padding-bottom: 1pt; height: 10px; width: 0.990099%; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; height: 10px;"> <td style="height: 10px; width: 69.9162%; box-shadow: none;"> </td> <td style="height: 10px; width: 0.990099%; box-shadow: none;"> </td> <td colspan="2" style="text-align: justify; height: 10px; width: 13%; box-shadow: none;"> </td> <td style="height: 10px; width: 0.990099%; box-shadow: none;"> </td> <td style="height: 10px; width: 0.990099%; box-shadow: none;"> </td> <td colspan="2" style="text-align: justify; height: 10px; width: 13%; box-shadow: none;"> </td> <td style="height: 10px; width: 0.990099%; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 15px;"> <td style="width: 69.9162%; height: 15px; box-shadow: none;">Outstanding at January 1, 2026</td> <td style="width: 0.990099%; height: 15px; box-shadow: none;"> </td> <td style="width: 1%; text-align: left; height: 15px; box-shadow: none;"> </td> <td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_pid_uShares_c20240101__20240331_zBTTANwt0Lt4" style="width: 12%; text-align: right; height: 15px; box-shadow: none;">187,050</td> <td style="width: 0.990099%; text-align: left; height: 15px; box-shadow: none;"> </td> <td style="width: 0.990099%; height: 15px; box-shadow: none;"> </td> <td style="width: 1%; text-align: left; height: 15px; box-shadow: none;">$</td> <td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_pid_uUSDPShares_c20240101__20240331_z5cBOH5m0641" style="width: 12%; text-align: right; height: 15px; box-shadow: none;">112.67</td> <td style="width: 0.990099%; text-align: left; height: 15px; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; height: 15px; width: 69.9162%; box-shadow: none;">Options forfeited</td> <td style="height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"> </td> <td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_iN_pid_di_uShares_c20240101__20240331_zTUZMM5dL3W1" style="text-align: right; height: 15px; width: 12%; box-shadow: none;">(2,900</td> <td style="text-align: left; height: 15px; width: 0.990099%; padding: 0px; box-shadow: none;">)</td> <td style="height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"> </td> <td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_pid_uUSDPShares_c20240101__20240331_zr32wCm9fti9" style="text-align: right; height: 15px; width: 12%; box-shadow: none;">126.33</td> <td style="text-align: left; height: 15px; width: 0.990099%; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 15px;"> <td style="text-align: left; padding-bottom: 1pt; height: 15px; width: 69.9162%; box-shadow: none;">Options exercised</td> <td style="padding-bottom: 1pt; height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 1%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"> </td> <td id="xdx_987_eus-gaap--StockIssuedDuringPeriodSharesStockOptionsExercised_iN_pid_di_uShares_c20240101__20240331_zKIrzqzmxCj7" style="text-align: right; height: 15px; width: 12%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;">(4,500</td> <td style="padding: 0px; text-align: left; height: 15px; width: 0.990099%; box-shadow: none;">)</td> <td style="padding-bottom: 1pt; height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 1%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"> </td> <td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_pid_uUSDPShares_c20240101__20240331_zHPm9nEu1oKg" style="text-align: right; height: 15px; width: 12%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;">62.18</td> <td style="padding-bottom: 1pt; text-align: left; height: 15px; width: 0.990099%; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="height: 15px; width: 69.9162%; box-shadow: none;"> </td> <td style="height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"> </td> <td style="text-align: right; height: 15px; width: 12%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"> </td> <td style="text-align: right; height: 15px; width: 12%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 0.990099%; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 15px;"> <td style="padding-bottom: 2.5pt; height: 15px; width: 69.9162%; box-shadow: none;">Outstanding at <span id="fs_GBAEB5YB9S00000000000000000000FM" style="line-height: inherit;">March 31, 2026</span></td> <td style="padding-bottom: 2.5pt; height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 1%; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black !important; box-shadow: none;"> </td> <td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_pid_uShares_c20240101__20240331_z4mD5oSCEG4j" style="text-align: right; height: 15px; width: 12%; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black !important; box-shadow: none;">179,650</td> <td style="padding-bottom: 2.5pt; text-align: left; height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="padding-bottom: 2.5pt; height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 1%; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black !important; box-shadow: none;">$</td> <td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_pid_uUSDPShares_c20240101__20240331_z8In7HzR5wlj" style="text-align: right; height: 15px; width: 12%; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black !important; box-shadow: none;">113.72</td> <td style="padding-bottom: 2.5pt; text-align: left; height: 15px; width: 0.990099%; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="height: 15px; width: 69.9162%; box-shadow: none;"> </td> <td style="height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"> </td> <td style="text-align: right; height: 15px; width: 12%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"> </td> <td style="text-align: right; height: 15px; width: 12%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 0.990099%; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 15px;"> <td style="text-align: left; height: 15px; width: 69.9162%; box-shadow: none;">Options exercisable</td> <td style="height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"> </td> <td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_iI_pid_uShares_c20240331_zrQ9MSJ7z9Qg" style="text-align: right; height: 15px; width: 12%; box-shadow: none;">50,050</td> <td style="text-align: left; height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;">$</td> <td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_iI_pid_uUSDPShares_c20240331_z1zeD1qJ56qf" style="text-align: right; height: 15px; width: 12%; box-shadow: none;">120.17</td> <td style="text-align: left; height: 15px; width: 0.990099%; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; height: 15px; width: 69.9162%; box-shadow: none;">Options available for future grants</td> <td style="height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"> </td> <td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_iI_pid_uShares_c20240331_z3HjZtBAKI0f" style="text-align: right; height: 15px; width: 12%; box-shadow: none;">410,380</td> <td style="text-align: left; height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"> </td> <td style="text-align: right; height: 15px; width: 12%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 0.990099%; box-shadow: none;"> </td> </tr> </tbody> </table> </div> <p id="xdx_8A6_zgOxVe60l6Z1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;">As of <span id="fs_A3SVFQPO3K00000000000000000000FM" style="line-height: inherit;">March 31, 2026</span>, the weighted average remaining contractual life of options outstanding is <span id="xdx_907_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dxL_c20240101__20240331_zLOV73x1Gecg" style="line-height: inherit;" title="Weighted average remaining contractual life of options outstanding (in years)::XDX::P2Y1M24D"><span style="border-left: none; border-right: none; line-height: inherit;">3.3</span></span> years (<span id="xdx_90F_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_dxL_c20240101__20240331_zSJ1rPx7btz2" style="line-height: inherit;" title="Weighted average remaining contractual life of options exercisable (in years)::XDX::P0Y4M2D"><span style="border-left: none; border-right: none; line-height: inherit;">2.4</span></span> years for options exercisable); the aggregate intrinsic value of options outstanding and options exercisable is $<span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_iI_dm_c20240331_zWuwuWuKUu9f" style="line-height: inherit;" title="Aggregate intrinsic value of options outstanding and options outstanding">0.3 million</span> and $<span id="xdx_906_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1_iI_dm_c20240331_z3u9ax3UlbU7" style="line-height: inherit;" title="Aggregate intrinsic value of options outstanding and options exercisable">0.0 million</span>, respectively; and unrecognized compensation cost related to stock options outstanding aggregated $<span id="xdx_90B_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_iI_pn5n6_c20240331_zCS3RoFLXo2l" style="line-height: inherit;" title="Unrecognized compensation cost">3.1</span> million.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"> </span></p> <div id="fodc4e3b5db64f4aef92fce1928e4f4a28"> <p id="xdx_898_eus-gaap--CashProceedsReceivedAndTaxBenefitFromShareBasedPaymentAwardsTableTextBlock_zZj7bAgY4kK1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"><span id="xdx_8BF_zt3F1U2ghNxl" style="line-height: inherit;">Cash proceeds, tax benefits and intrinsic value related to stock options exercised during the <span id="fs_25UICYGUOG00000000000000000000FM">March 31, 2026</span> and <span id="fs_PF1D0U89QO00000000000000000000FM" style="line-height: inherit;">2025</span> were as follows:</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt 'times new roman'; border-collapse: collapse; width: 90%; margin-left: 0.5in; height: 70px;"> <tbody> <tr style="vertical-align: bottom; height: 10px;"> <td style="text-align: justify; padding-bottom: 1pt; height: 10px; box-shadow: none;">(In thousands)</td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"> </td> <td colspan="2" style="text-align: center; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;"><span id="fs_KXCRN2FRNK00000000000000000000FM" style="line-height: inherit;">March 31, 2026</span></span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;"> </span></td> <td colspan="2" style="text-align: center; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;"><span id="fs_DET726N4A800000000000000000000FM" style="line-height: inherit;">March 31, 2025</span></span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="height: 15px; box-shadow: none;"> </td> <td style="height: 15px; box-shadow: none;"> </td> <td colspan="2" style="text-align: justify; height: 15px; box-shadow: none;"> </td> <td style="height: 15px; box-shadow: none;"> </td> <td style="height: 15px; box-shadow: none;"> </td> <td colspan="2" style="text-align: justify; height: 15px; box-shadow: none;"> </td> <td style="height: 15px; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 15px;"> <td style="width: 70%; text-align: left; height: 15px; box-shadow: none;">Cash proceeds from stock options exercised</td> <td style="width: 1%; height: 15px; box-shadow: none;"> </td> <td style="width: 1%; text-align: left; height: 15px; box-shadow: none;">$</td> <td id="xdx_98F_eus-gaap--ProceedsFromSaleAndCollectionOfReceivables_pn3n3_c20240101__20240331_z0rg9EAXyjGk" style="width: 12%; text-align: right; height: 15px; box-shadow: none;">280</td> <td style="width: 1%; text-align: left; height: 15px; box-shadow: none;"> </td> <td style="width: 1%; height: 15px; box-shadow: none;"> </td> <td style="width: 1%; text-align: left; height: 15px; box-shadow: none;">$</td> <td id="xdx_987_eus-gaap--ProceedsFromSaleAndCollectionOfReceivables_pn3n3_c20230101__20230331_ziIIQeqGz8Me" style="width: 12%; text-align: right; height: 15px; box-shadow: none;">1,077</td> <td style="width: 1%; text-align: left; height: 15px; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; height: 15px; box-shadow: none;">Tax benefits</td> <td style="height: 15px; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; box-shadow: none;"> </td> <td id="xdx_985_eus-gaap--DeferredTaxExpenseFromStockOptionsExercised_pn3n3_c20240101__20240331_z33j0PFHdoeb" style="text-align: right; height: 15px; box-shadow: none;">20</td> <td style="text-align: left; height: 15px; box-shadow: none;"> </td> <td style="height: 15px; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; box-shadow: none;"> </td> <td id="xdx_981_eus-gaap--DeferredTaxExpenseFromStockOptionsExercised_pn3n3_c20230101__20230331_zM7hoPs4MMY1" style="text-align: right; height: 15px; box-shadow: none;">125</td> <td style="text-align: left; height: 15px; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 15px;"> <td style="text-align: left; height: 15px; box-shadow: none;">Intrinsic value of stock options exercised</td> <td style="height: 15px; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; box-shadow: none;"> </td> <td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_pn3n3_c20240101__20240331_zvrBODNgYZb1" style="text-align: right; height: 15px; box-shadow: none;">160</td> <td style="text-align: left; height: 15px; box-shadow: none;"> </td> <td style="height: 15px; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; box-shadow: none;"> </td> <td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_pn3n3_c20230101__20230331_zA5tysoKWo05" style="text-align: right; height: 15px; box-shadow: none;">840</td> <td style="text-align: left; height: 15px; box-shadow: none;"> </td> </tr> </tbody> </table> </div> <p id="xdx_8A5_zM3wLXMHKKVc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;">There were <span id="xdx_90B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_pid_do_uShares_c20240101__20240331_zzvGi0Nm02d4" style="line-height: inherit;" title="Options granted"><span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_pid_do_uShares_c20230101__20230331_zvSawlrQktEd" style="line-height: inherit;" title="Options granted">no</span></span> options granted during the <span id="fs_CEC22XR2K000000000000000000000FM">March 31, 2026</span> and <span id="fs_QBRWZ5AOLC00000000000000000000FM" style="line-height: inherit;">March 31, 2025</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;">Expected volatility is estimated based on the historic volatility of the Company’s common stock. The expected term of the option is estimated based on historical 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 maintain its current payout ratio as a percentage of earnings.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;">In March 2022, Interparfums SA, our 72% owned French subsidiary, approved a plan to grant an aggregate of 88,400 shares of its stock to all Interparfums SA employees and corporate officers having more than six months of employment at grant date, subject to certain corporate performance conditions. The corporate performance conditions were met and therefore in June 2025,106,046 shares, adjusted for stock splits, were distributed. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: inherit; font-family: 'Times New Roman', Times, serif;"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: inherit; font-family: 'Times New Roman', Times, serif;">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 aggregate cost of the grant of approximately $<span id="xdx_908_eus-gaap--EmployeeStockOwnershipPlanESOPCompensationExpense_dm_c20240101__20240331__srt--ConsolidatedEntitiesAxis__custom--InterparfumsSASubsidiaryMember_zmUXY27HMnmk" style="line-height: inherit;" title="Recognized as compensation cost">4.2 million</span> was recognized as compensation cost on a straight-line basis over the requisite <span style="-sec-ix-hidden:Tag3">three and a quarter year</span> service period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 10pt 0 0pt 0.5in; text-align: justify;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;">In order to avoid dilution of the Company’s ownership of Interparfums SA, all shares distributed pursuant to this plan were pre-existing shares of Interparfums SA, purchased in the open market by Interparfums SA. As of <span id="fs_5JABA026XC00000000000000000000FM" style="line-height: inherit;">March 31, 2026</span> the Company acquired <span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_iI_pid_uShares_c20240331__srt--ConsolidatedEntitiesAxis__custom--InterparfumsSASubsidiaryMember__srt--TitleOfIndividualAxis__custom--EmployeesMember_zP9Zjk8yPtLf" style="line-height: inherit;">106,046</span> shares at an aggregate cost of $<span id="xdx_90C_eus-gaap--EmployeeStockOwnershipPlanESOPCompensationExpense_dm_c20240101__20240331__srt--ConsolidatedEntitiesAxis__custom--InterparfumsSASubsidiaryMember__srt--TitleOfIndividualAxis__custom--EmployeesMember_zuf8hJhPE3Bb" style="line-height: inherit;">4.5 million</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 10pt 0 0pt 0.5in; text-align: justify;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; float: none; display: inline !important;">In December 2025,<span> </span>Interparfums SA, approved a new performance-based free share plan to grant an aggregate of<span> 137,900</span></span><span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; float: none; display: inline !important;"><span> </span>shares to all<span> </span></span><span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; float: none; display: inline !important;">Interparfums</span><span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; float: none; display: inline !important;"> SA employees and corporate officers who are employed as of the final vesting date of March 1, 2029, subject to certain corporate performance conditions. The fair value of the grant was determined based on the quoted stock price of<span> </span>Interparfums SA shares as reported by the<span> </span>Euronext on the date of the grant, adjusted for expected dividends over the vesting period and for performance conditions. Based on the expected retention rate and probability of achieving performance conditions, the total estimated expense for the plan is approximately $2.3</span><span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; float: none; display: inline !important;"><span> </span>million (€2</span><span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; float: none; display: inline !important;"><span> </span>million), recognized on a straight-line basis over the<span> 3.25</span></span><span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; float: none; display: inline !important;"><span> </span>year vesting period. </span><span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; float: none; display: inline !important;">In order to avoid dilution of the Company’s ownership of<span> </span></span><span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; float: none; display: inline !important;">Interparfums</span><span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; float: none; display: inline !important;"><span> </span>SA, all shares to be distributed pursuant to this plan will be pre-existing shares of<span> </span></span><span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; float: none; display: inline !important;">Interparfums</span><span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; float: none; display: inline !important;"><span> </span>SA, purchased in the open market by<span> </span></span><span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; float: none; display: inline !important;">Interparfums</span><span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; float: none; display: inline !important;"><span> </span>SA. During the 3 months ended March 31, 2026 and as of March 31, 2026, the Company acquired 56,264 shares at an aggregate cost of $1.5 million.  </span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;">All share purchases and issuances have been classified as equity transactions on the accompanying balance sheet.</span><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> </span></p> 0 20.00 <p id="xdx_890_eus-gaap--ScheduleOfNonvestedShareActivityTableTextBlock_zw5NbavZ9aXe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: inherit; font-family: 'Times New Roman', Times, serif;"><span id="xdx_8BC_zqqZyISUFlt3" style="line-height: inherit;">The following table sets forth information with respect to nonvested options for the <span id="fs_A1P8HOPHCW00000000000000000000FM">March 31, 2026</span>:</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: inherit; font-family: 'Times New Roman', Times, serif;"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt 'times new roman'; border-collapse: collapse; width: 90%; margin-left: 0.5in; height: 65px;"> <tbody> <tr style="vertical-align: bottom; height: 10px;"> <td style="text-align: justify; height: 10px; box-shadow: none;"> </td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"> </td> <td colspan="2" style="text-align: center; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;">Number of Shares</span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;"> </span></td> <td colspan="2" style="text-align: center; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;">Weighted Average Grant-Date Fair Value</span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 15px;"> <td style="width: 70%; text-align: left; height: 15px; padding: 0px; box-shadow: none;">Nonvested options at January 1, 2026</td> <td style="width: 1%; height: 15px; box-shadow: none;"> </td> <td style="width: 1%; text-align: left; height: 15px; box-shadow: none;"> </td> <td id="xdx_98B_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares_iS_pid_uShares_c20240101__20240331_z9LBUzs1VIo6" style="width: 12%; text-align: right; height: 15px; box-shadow: none;">131,600</td> <td style="width: 1%; text-align: left; height: 15px; box-shadow: none;"> </td> <td style="width: 1%; height: 15px; box-shadow: none;"> </td> <td style="width: 1%; text-align: left; height: 15px; padding: 0px; box-shadow: none;">$</td> <td id="xdx_98B_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_iS_pid_uUSDPShares_c20240101__20240331_zsOUjamPLD77" style="width: 12%; text-align: right; height: 15px; padding: 0px; box-shadow: none;">26.83</td> <td style="width: 1%; text-align: left; height: 15px; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; height: 15px; padding: 0px; box-shadow: none;">Nonvested options granted</td> <td style="height: 15px; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; box-shadow: none;"> </td> <td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_pid_uShares_c20240101__20240331_zcPWsWkeW51a" style="text-align: right; height: 15px; box-shadow: none;">—</td> <td style="text-align: left; height: 15px; box-shadow: none;"> </td> <td style="height: 15px; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; padding: 0px; box-shadow: none;"> </td> <td id="xdx_986_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue_pid_uUSDPShares_c20240101__20240331_zGpDy8vp7Vvl" style="text-align: right; height: 15px; padding: 0px; box-shadow: none;">—</td> <td style="text-align: left; height: 15px; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 15px;"> <td style="text-align: left; padding: 0px; height: 15px; box-shadow: none;">Nonvested options vested or forfeited</td> <td style="padding-bottom: 1pt; height: 15px; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"> </td> <td id="xdx_986_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares_iN_pid_di_uShares_c20240101__20240331_z9xPtOAJLFKb" style="text-align: right; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;">(2,000</td> <td style="padding: 0px; text-align: left; height: 15px; box-shadow: none;">)</td> <td style="padding-bottom: 1pt; height: 15px; box-shadow: none;"> </td> <td style="padding: 0px; text-align: left; height: 15px; box-shadow: none;">$</td> <td id="xdx_981_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue_pid_uUSDPShares_c20240101__20240331_zviOVu9PIQV8" style="padding: 0px; text-align: right; height: 15px; box-shadow: none;">29.96</td> <td style="padding-bottom: 1pt; text-align: left; height: 15px; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; height: 10px;"> <td style="text-align: left; padding: 0px; height: 10px; box-shadow: none;">Nonvested options at <span id="fs_67M8RFX4EO00000000000000000000FM">March 31, 2026</span></td> <td style="padding-bottom: 2.5pt; height: 10px; box-shadow: none;"> </td> <td style="text-align: left; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black !important; box-shadow: none;"> </td> <td id="xdx_98D_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares_iE_pid_uShares_c20240101__20240331_zYatV0ixczR9" style="text-align: right; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black !important; box-shadow: none;">129,600</td> <td style="padding-bottom: 2.5pt; text-align: left; height: 10px; box-shadow: none;"> </td> <td style="padding-bottom: 2.5pt; height: 10px; box-shadow: none;"> </td> <td style="padding: 0px; text-align: left; height: 10px; box-shadow: none;">$</td> <td id="xdx_98F_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_iE_pid_uUSDPShares_c20240101__20240331_zRMh8qVrSuY4" style="padding: 0px; text-align: right; height: 10px; box-shadow: none;">26.78</td> <td style="padding-bottom: 2.5pt; text-align: left; height: 10px; box-shadow: none;"> </td> </tr> </tbody> </table> 131600 26.83 0 0 2000 29.96 129600 26.78 420000 560000 290000 360000 <p id="xdx_892_eus-gaap--ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock_zt92wqITwrEj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"><span id="xdx_8BD_zbfjDmEhmFTg" style="line-height: inherit;">The following table summarizes stock option information as of <span id="fs_EDDEJB6QLC00000000000000000000FM" style="line-height: inherit;">March 31, 2026</span>:</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt 'times new roman'; border-collapse: collapse; width: 90%; margin-left: 0.5in; height: 140px;"> <tbody> <tr style="vertical-align: bottom; height: 10px;"> <td style="text-align: justify; height: 10px; width: 69.9162%; box-shadow: none;"> </td> <td style="padding-bottom: 1pt; height: 10px; width: 0.990099%; box-shadow: none;"> </td> <td colspan="2" style="text-align: center; height: 10px; width: 13%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;">Shares</span></td> <td style="padding-bottom: 1pt; height: 10px; width: 0.990099%; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; height: 10px; width: 0.990099%; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;"> </span></td> <td colspan="2" style="text-align: center; height: 10px; width: 13%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;">Weighted Average<br/> Exercise Price</span></td> <td style="padding-bottom: 1pt; height: 10px; width: 0.990099%; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; height: 10px;"> <td style="height: 10px; width: 69.9162%; box-shadow: none;"> </td> <td style="height: 10px; width: 0.990099%; box-shadow: none;"> </td> <td colspan="2" style="text-align: justify; height: 10px; width: 13%; box-shadow: none;"> </td> <td style="height: 10px; width: 0.990099%; box-shadow: none;"> </td> <td style="height: 10px; width: 0.990099%; box-shadow: none;"> </td> <td colspan="2" style="text-align: justify; height: 10px; width: 13%; box-shadow: none;"> </td> <td style="height: 10px; width: 0.990099%; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 15px;"> <td style="width: 69.9162%; height: 15px; box-shadow: none;">Outstanding at January 1, 2026</td> <td style="width: 0.990099%; height: 15px; box-shadow: none;"> </td> <td style="width: 1%; text-align: left; height: 15px; box-shadow: none;"> </td> <td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_pid_uShares_c20240101__20240331_zBTTANwt0Lt4" style="width: 12%; text-align: right; height: 15px; box-shadow: none;">187,050</td> <td style="width: 0.990099%; text-align: left; height: 15px; box-shadow: none;"> </td> <td style="width: 0.990099%; height: 15px; box-shadow: none;"> </td> <td style="width: 1%; text-align: left; height: 15px; box-shadow: none;">$</td> <td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_pid_uUSDPShares_c20240101__20240331_z5cBOH5m0641" style="width: 12%; text-align: right; height: 15px; box-shadow: none;">112.67</td> <td style="width: 0.990099%; text-align: left; height: 15px; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; height: 15px; width: 69.9162%; box-shadow: none;">Options forfeited</td> <td style="height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"> </td> <td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_iN_pid_di_uShares_c20240101__20240331_zTUZMM5dL3W1" style="text-align: right; height: 15px; width: 12%; box-shadow: none;">(2,900</td> <td style="text-align: left; height: 15px; width: 0.990099%; padding: 0px; box-shadow: none;">)</td> <td style="height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"> </td> <td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_pid_uUSDPShares_c20240101__20240331_zr32wCm9fti9" style="text-align: right; height: 15px; width: 12%; box-shadow: none;">126.33</td> <td style="text-align: left; height: 15px; width: 0.990099%; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 15px;"> <td style="text-align: left; padding-bottom: 1pt; height: 15px; width: 69.9162%; box-shadow: none;">Options exercised</td> <td style="padding-bottom: 1pt; height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 1%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"> </td> <td id="xdx_987_eus-gaap--StockIssuedDuringPeriodSharesStockOptionsExercised_iN_pid_di_uShares_c20240101__20240331_zKIrzqzmxCj7" style="text-align: right; height: 15px; width: 12%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;">(4,500</td> <td style="padding: 0px; text-align: left; height: 15px; width: 0.990099%; box-shadow: none;">)</td> <td style="padding-bottom: 1pt; height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 1%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"> </td> <td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_pid_uUSDPShares_c20240101__20240331_zHPm9nEu1oKg" style="text-align: right; height: 15px; width: 12%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;">62.18</td> <td style="padding-bottom: 1pt; text-align: left; height: 15px; width: 0.990099%; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="height: 15px; width: 69.9162%; box-shadow: none;"> </td> <td style="height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"> </td> <td style="text-align: right; height: 15px; width: 12%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"> </td> <td style="text-align: right; height: 15px; width: 12%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 0.990099%; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 15px;"> <td style="padding-bottom: 2.5pt; height: 15px; width: 69.9162%; box-shadow: none;">Outstanding at <span id="fs_GBAEB5YB9S00000000000000000000FM" style="line-height: inherit;">March 31, 2026</span></td> <td style="padding-bottom: 2.5pt; height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 1%; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black !important; box-shadow: none;"> </td> <td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_pid_uShares_c20240101__20240331_z4mD5oSCEG4j" style="text-align: right; height: 15px; width: 12%; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black !important; box-shadow: none;">179,650</td> <td style="padding-bottom: 2.5pt; text-align: left; height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="padding-bottom: 2.5pt; height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 1%; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black !important; box-shadow: none;">$</td> <td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_pid_uUSDPShares_c20240101__20240331_z8In7HzR5wlj" style="text-align: right; height: 15px; width: 12%; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black !important; box-shadow: none;">113.72</td> <td style="padding-bottom: 2.5pt; text-align: left; height: 15px; width: 0.990099%; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="height: 15px; width: 69.9162%; box-shadow: none;"> </td> <td style="height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"> </td> <td style="text-align: right; height: 15px; width: 12%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"> </td> <td style="text-align: right; height: 15px; width: 12%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 0.990099%; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 15px;"> <td style="text-align: left; height: 15px; width: 69.9162%; box-shadow: none;">Options exercisable</td> <td style="height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"> </td> <td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_iI_pid_uShares_c20240331_zrQ9MSJ7z9Qg" style="text-align: right; height: 15px; width: 12%; box-shadow: none;">50,050</td> <td style="text-align: left; height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;">$</td> <td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_iI_pid_uUSDPShares_c20240331_z1zeD1qJ56qf" style="text-align: right; height: 15px; width: 12%; box-shadow: none;">120.17</td> <td style="text-align: left; height: 15px; width: 0.990099%; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; height: 15px; width: 69.9162%; box-shadow: none;">Options available for future grants</td> <td style="height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"> </td> <td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_iI_pid_uShares_c20240331_z3HjZtBAKI0f" style="text-align: right; height: 15px; width: 12%; box-shadow: none;">410,380</td> <td style="text-align: left; height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="height: 15px; width: 0.990099%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 1%; box-shadow: none;"> </td> <td style="text-align: right; height: 15px; width: 12%; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; width: 0.990099%; box-shadow: none;"> </td> </tr> </tbody> </table> 187050 112.67 2900 126.33 4500 62.18 179650 113.72 50050 120.17 410380 P3Y3M18D P2Y4M24D 300000 0 3100000 <p id="xdx_898_eus-gaap--CashProceedsReceivedAndTaxBenefitFromShareBasedPaymentAwardsTableTextBlock_zZj7bAgY4kK1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"><span id="xdx_8BF_zt3F1U2ghNxl" style="line-height: inherit;">Cash proceeds, tax benefits and intrinsic value related to stock options exercised during the <span id="fs_25UICYGUOG00000000000000000000FM">March 31, 2026</span> and <span id="fs_PF1D0U89QO00000000000000000000FM" style="line-height: inherit;">2025</span> were as follows:</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt 'times new roman'; border-collapse: collapse; width: 90%; margin-left: 0.5in; height: 70px;"> <tbody> <tr style="vertical-align: bottom; height: 10px;"> <td style="text-align: justify; padding-bottom: 1pt; height: 10px; box-shadow: none;">(In thousands)</td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"> </td> <td colspan="2" style="text-align: center; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;"><span id="fs_KXCRN2FRNK00000000000000000000FM" style="line-height: inherit;">March 31, 2026</span></span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;"> </span></td> <td colspan="2" style="text-align: center; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;"><span id="fs_DET726N4A800000000000000000000FM" style="line-height: inherit;">March 31, 2025</span></span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="height: 15px; box-shadow: none;"> </td> <td style="height: 15px; box-shadow: none;"> </td> <td colspan="2" style="text-align: justify; height: 15px; box-shadow: none;"> </td> <td style="height: 15px; box-shadow: none;"> </td> <td style="height: 15px; box-shadow: none;"> </td> <td colspan="2" style="text-align: justify; height: 15px; box-shadow: none;"> </td> <td style="height: 15px; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 15px;"> <td style="width: 70%; text-align: left; height: 15px; box-shadow: none;">Cash proceeds from stock options exercised</td> <td style="width: 1%; height: 15px; box-shadow: none;"> </td> <td style="width: 1%; text-align: left; height: 15px; box-shadow: none;">$</td> <td id="xdx_98F_eus-gaap--ProceedsFromSaleAndCollectionOfReceivables_pn3n3_c20240101__20240331_z0rg9EAXyjGk" style="width: 12%; text-align: right; height: 15px; box-shadow: none;">280</td> <td style="width: 1%; text-align: left; height: 15px; box-shadow: none;"> </td> <td style="width: 1%; height: 15px; box-shadow: none;"> </td> <td style="width: 1%; text-align: left; height: 15px; box-shadow: none;">$</td> <td id="xdx_987_eus-gaap--ProceedsFromSaleAndCollectionOfReceivables_pn3n3_c20230101__20230331_ziIIQeqGz8Me" style="width: 12%; text-align: right; height: 15px; box-shadow: none;">1,077</td> <td style="width: 1%; text-align: left; height: 15px; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; height: 15px; box-shadow: none;">Tax benefits</td> <td style="height: 15px; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; box-shadow: none;"> </td> <td id="xdx_985_eus-gaap--DeferredTaxExpenseFromStockOptionsExercised_pn3n3_c20240101__20240331_z33j0PFHdoeb" style="text-align: right; height: 15px; box-shadow: none;">20</td> <td style="text-align: left; height: 15px; box-shadow: none;"> </td> <td style="height: 15px; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; box-shadow: none;"> </td> <td id="xdx_981_eus-gaap--DeferredTaxExpenseFromStockOptionsExercised_pn3n3_c20230101__20230331_zM7hoPs4MMY1" style="text-align: right; height: 15px; box-shadow: none;">125</td> <td style="text-align: left; height: 15px; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 15px;"> <td style="text-align: left; height: 15px; box-shadow: none;">Intrinsic value of stock options exercised</td> <td style="height: 15px; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; box-shadow: none;"> </td> <td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_pn3n3_c20240101__20240331_zvrBODNgYZb1" style="text-align: right; height: 15px; box-shadow: none;">160</td> <td style="text-align: left; height: 15px; box-shadow: none;"> </td> <td style="height: 15px; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; box-shadow: none;"> </td> <td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_pn3n3_c20230101__20230331_zA5tysoKWo05" style="text-align: right; height: 15px; box-shadow: none;">840</td> <td style="text-align: left; height: 15px; box-shadow: none;"> </td> </tr> </tbody> </table> 280000 1077000 20000 125000 160000 840000 0 0 0.72 88400 P6M 106046 4200000 106046 4500000 137900 2300000 2000000 P3Y3M 56264 1500000 <div id="t_ft_O87HYV0A9S00000000000000000000b"> <table cellpadding="0" cellspacing="0" style="font: 10pt 'times new roman'; width: 100%; margin-top: 0pt; margin-bottom: 0pt; height: 15px;"> <tbody> <tr style="vertical-align: top; height: 15px;"> <td style="width: 0.5in; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b>9.</b></span></td> <td style="text-align: justify; padding-right: 0.5in; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><span style="text-decoration: underline; line-height: inherit;"><span id="xdx_820_z0xXKYivy6Ve" style="line-height: inherit;">Net Income Attributable to Interparfums, Inc. Common Shareholders:</span></span></b></span></td> </tr> </tbody> </table> </div> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Net income attributable to Interparfums, Inc. per common share (“basic EPS”) is computed by dividing net income attributable to Interparfums, Inc. by the weighted average number of shares outstanding. Net income attributable to Interparfums, 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.</span></p> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <div id="fo8b25e36145084d869415820cbe1b34b1"> <p id="xdx_893_eus-gaap--ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_zw1MJNFVsIy" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span id="xdx_8B5_zsK8e6awzmJ9" style="line-height: inherit;">The reconciliation between the numerators and denominators of the basic and diluted EPS computations is as follows:</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><br/></p> <table cellpadding="0" cellspacing="0" style="height: 227px; width: 90%; border: 1px none #bbbbbb; font: 10pt 'times new roman'; border-collapse: collapse; text-indent: 0px; margin-left: 50px;"> <tbody> <tr style="vertical-align: bottom; height: 15px;"> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="6" style="text-align: center; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"><span id="fs_MDL64IUFPC00000000000000000000FM" style="line-height: inherit;">Three months ended</span></span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"> </span></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">(In thousands)</span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="6" style="text-align: center; height: 15px; box-shadow: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"><span id="fs_X6AJASJZCW00000000000000000000FM">March 31,</span></span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"> </span></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="2" style="text-align: center; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"><span style="font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"><span id="fs_0PJT455XLC00000000000000000000FM" style="line-height: inherit;">2026</span></span></td> <td style="padding-bottom: 1pt; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"> </span></td> <td style="padding-bottom: 1pt; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"> </span></td> <td colspan="2" style="text-align: center; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"><span style="font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"><span id="fs_A7RCBHSBXS00000000000000000000FM" style="line-height: inherit;">2025</span></span></td> <td style="padding-bottom: 1pt; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"> </span></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 10px;"> <td style="height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Numerator:</span></td> <td style="height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="2" style="height: 10px; box-shadow: none;"><br/></td> <td style="height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="2" style="height: 10px; box-shadow: none;"><br/></td> <td style="height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; padding: 0px 0px 3px 10px; height: 15px; margin: 0px; text-indent: 0px; box-shadow: none; width: 49%;"><span style="font-family: 'times new roman', times; line-height: inherit;">Net income attributable to Interparfums, Inc.</span></td> <td style="padding-bottom: 2.5pt; height: 15px; box-shadow: none; width: 1%;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; padding: 0px; border-bottom-width: 2.25pt; border-bottom-style: double; margin: 0px; text-indent: 0px; box-shadow: none; border-bottom-color: black !important; width: 1%;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td id="xdx_986_eus-gaap--NetIncomeLoss_c20240101__20240331_zahWPtdigSca" style="text-align: right; height: 15px; padding: 0px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; width: 10%;"><span style="font-family: 'times new roman', times; line-height: inherit;">43,366</span></td> <td style="text-align: left; padding: 0px; height: 15px; box-shadow: none; width: 1%;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding: 0px; height: 15px; box-shadow: none; width: 1%;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; padding: 0px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; margin: 0px; text-indent: 0px; width: 1%;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td id="xdx_988_eus-gaap--NetIncomeLoss_c20230101__20230331_zm1gO9AnSS01" style="text-align: right; height: 15px; padding: 0px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; width: 10%;"><span style="font-family: 'times new roman', times; line-height: inherit;">42,492</span></td> <td style="text-align: left; padding: 0px; height: 15px; box-shadow: none; width: 1%;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 16px;"> <td style="padding-left: 0px; text-indent: 0px; height: 16px; padding-right: 0px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Denominator:</span></td> <td style="height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 16px; padding: 0px; margin: 0px; text-indent: 0px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 16px; box-shadow: none; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="padding: 0px 0px 0px 10px; text-indent: 0px; height: 15px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Weighted average shares</span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; padding: 0px; margin: 0px; text-indent: 0px; box-shadow: none;"><br/></td> <td id="xdx_98B_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_c20240101__20240331_zyKye6uwA7Dd" style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">32,028</span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td> <td id="xdx_984_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_c20230101__20230331_z5O8jkjrrta1" style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">32,121</span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 15px;"> <td style="text-align: left; padding: 0px 0px 0px 10px; text-indent: 0px; height: 15px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Effect of dilutive securities:</span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; padding: 0px; margin: 0px; text-indent: 0px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td> <td style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; padding: 0px 0px 1px 15px; text-indent: 0px; height: 15px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Stock options</span></td> <td style="padding-bottom: 1pt; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; padding: 0px; border-bottom-width: 1pt; border-bottom-style: solid; margin: 0px; text-indent: 0px; box-shadow: none; border-bottom-color: black !important;"><br/></td> <td id="xdx_981_eus-gaap--WeightedAverageNumberDilutedSharesOutstandingAdjustment_pid_c20240101__20240331_z84NGR8ZqfFj" style="text-align: right; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"><span style="font-family: 'times new roman', times; line-height: inherit;">—</span></td> <td style="text-align: left; padding-bottom: 1pt; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td> <td id="xdx_98E_eus-gaap--WeightedAverageNumberDilutedSharesOutstandingAdjustment_pid_c20230101__20230331_z5NftNWLf4R1" style="text-align: right; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"><span style="font-family: 'times new roman', times; line-height: inherit;">53</span></td> <td style="text-align: left; padding-bottom: 1pt; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 10px;"> <td style="text-align: left; padding: 0px 0px 0px 25px; text-indent: 0px; height: 10px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Denominator for diluted earnings per share</span></td> <td style="padding-bottom: 2.5pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; padding: 0px; border-bottom-width: 2.25pt; border-bottom-style: double; margin: 0px; text-indent: 0px; box-shadow: none; border-bottom-color: black !important;"><br/></td> <td id="xdx_981_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pid_c20240101__20240331_zL8okElqXwx" style="text-align: right; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important;"><span style="font-family: 'times new roman', times; line-height: inherit;">32,028</span></td> <td style="text-align: left; padding-bottom: 2.5pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 2.5pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td> <td id="xdx_982_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pid_c20230101__20230331_z2LJYdCtBqC4" style="text-align: right; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important;"><span style="font-family: 'times new roman', times; line-height: inherit;">32,174</span></td> <td style="text-align: left; padding-bottom: 2.5pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; height: 16px;"> <td style="padding-left: 0px; text-indent: 0px; height: 16px; padding-right: 0px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 16px; padding: 0px; margin: 0px; text-indent: 0px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 16px; box-shadow: none; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 15px;"> <td style="padding-left: 0px; text-indent: 0px; height: 15px; padding-right: 0px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Earnings per share:</span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; padding: 0px; margin: 0px; text-indent: 0px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td> <td style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; padding: 0px 0px 0px 10px; text-indent: 0px; height: 15px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Net income attributable to</span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; padding: 0px; margin: 0px; text-indent: 0px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td> <td style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 15px;"> <td style="text-align: left; padding: 0px 0px 0px 15px; text-indent: 0px; height: 15px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Interparfums, Inc. common shareholders:</span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; padding: 0px; margin: 0px; text-indent: 0px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td> <td style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="padding: 0px 0px 0px 25px; text-indent: 0px; height: 15px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Basic</span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; padding: 0px; margin: 0px; text-indent: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td id="xdx_98C_eus-gaap--EarningsPerShareBasic_pid_uUSDPShares_c20240101__20240331_zrzJbJXtmJ5l" style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">1.35</span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td id="xdx_983_eus-gaap--EarningsPerShareBasic_pid_uUSDPShares_c20230101__20230331_zDOqmWg1G14f" style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">1.32</span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 10px;"> <td style="padding: 0px 0px 0px 25px; text-indent: 0px; height: 10px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Diluted</span></td> <td style="height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td id="xdx_980_eus-gaap--EarningsPerShareDiluted_pid_uUSDPShares_c20240101__20240331_zHw1GGVV8aWi" style="text-align: right; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">1.35</span></td> <td style="text-align: left; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; box-shadow: none; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td id="xdx_989_eus-gaap--EarningsPerShareDiluted_pid_uUSDPShares_c20230101__20230331_z2OuydU9s3Me" style="text-align: right; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">1.32</span></td> <td style="text-align: left; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> </tbody> </table> </div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: red;"><br/></p> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Not included in the above computations are the effect of antidilutive potential common shares which consist of outstanding options to purchase <span style="border-left: none; border-right: none; line-height: inherit;">0.18</span> <span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">million shares of</span> common stock for the<span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span style="line-height: inherit;"> <span id="fs_NLEAAZ9SA800000000000000000000FM" style="line-height: inherit;">three</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;"> months ended <span id="fs_LIIA3RQP4W00000000000000000000FM" style="line-height: inherit;">March 31, 2026</span></span></span></span> and <span style="border-right: none; border-left: none; line-height: inherit;">0.04</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span style="line-height: inherit;"> million shares of common stock </span>for the </span><span id="fs_BIW3X0C6LS00000000000000000000FM" style="line-height: inherit;">three</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;"> months ended <span id="fs_1K0P6YTZPC00000000000000000000FM" style="line-height: inherit;">March 31, 2025</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">.</span></span></p> <p id="xdx_893_eus-gaap--ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_zw1MJNFVsIy" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span id="xdx_8B5_zsK8e6awzmJ9" style="line-height: inherit;">The reconciliation between the numerators and denominators of the basic and diluted EPS computations is as follows:</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify;"><br/></p> <table cellpadding="0" cellspacing="0" style="height: 227px; width: 90%; border: 1px none #bbbbbb; font: 10pt 'times new roman'; border-collapse: collapse; text-indent: 0px; margin-left: 50px;"> <tbody> <tr style="vertical-align: bottom; height: 15px;"> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="6" style="text-align: center; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"><span id="fs_MDL64IUFPC00000000000000000000FM" style="line-height: inherit;">Three months ended</span></span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"> </span></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">(In thousands)</span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="6" style="text-align: center; height: 15px; box-shadow: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"><span id="fs_X6AJASJZCW00000000000000000000FM">March 31,</span></span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"> </span></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1pt; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="2" style="text-align: center; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"><span style="font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"><span id="fs_0PJT455XLC00000000000000000000FM" style="line-height: inherit;">2026</span></span></td> <td style="padding-bottom: 1pt; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"> </span></td> <td style="padding-bottom: 1pt; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"> </span></td> <td colspan="2" style="text-align: center; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"><span style="font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"><span id="fs_A7RCBHSBXS00000000000000000000FM" style="line-height: inherit;">2025</span></span></td> <td style="padding-bottom: 1pt; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"> </span></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 10px;"> <td style="height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Numerator:</span></td> <td style="height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="2" style="height: 10px; box-shadow: none;"><br/></td> <td style="height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td colspan="2" style="height: 10px; box-shadow: none;"><br/></td> <td style="height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; padding: 0px 0px 3px 10px; height: 15px; margin: 0px; text-indent: 0px; box-shadow: none; width: 49%;"><span style="font-family: 'times new roman', times; line-height: inherit;">Net income attributable to Interparfums, Inc.</span></td> <td style="padding-bottom: 2.5pt; height: 15px; box-shadow: none; width: 1%;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; padding: 0px; border-bottom-width: 2.25pt; border-bottom-style: double; margin: 0px; text-indent: 0px; box-shadow: none; border-bottom-color: black !important; width: 1%;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td id="xdx_986_eus-gaap--NetIncomeLoss_c20240101__20240331_zahWPtdigSca" style="text-align: right; height: 15px; padding: 0px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; width: 10%;"><span style="font-family: 'times new roman', times; line-height: inherit;">43,366</span></td> <td style="text-align: left; padding: 0px; height: 15px; box-shadow: none; width: 1%;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding: 0px; height: 15px; box-shadow: none; width: 1%;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; padding: 0px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; margin: 0px; text-indent: 0px; width: 1%;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td id="xdx_988_eus-gaap--NetIncomeLoss_c20230101__20230331_zm1gO9AnSS01" style="text-align: right; height: 15px; padding: 0px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; width: 10%;"><span style="font-family: 'times new roman', times; line-height: inherit;">42,492</span></td> <td style="text-align: left; padding: 0px; height: 15px; box-shadow: none; width: 1%;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 16px;"> <td style="padding-left: 0px; text-indent: 0px; height: 16px; padding-right: 0px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Denominator:</span></td> <td style="height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 16px; padding: 0px; margin: 0px; text-indent: 0px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 16px; box-shadow: none; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="padding: 0px 0px 0px 10px; text-indent: 0px; height: 15px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Weighted average shares</span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; padding: 0px; margin: 0px; text-indent: 0px; box-shadow: none;"><br/></td> <td id="xdx_98B_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_c20240101__20240331_zyKye6uwA7Dd" style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">32,028</span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td> <td id="xdx_984_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_c20230101__20230331_z5O8jkjrrta1" style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">32,121</span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 15px;"> <td style="text-align: left; padding: 0px 0px 0px 10px; text-indent: 0px; height: 15px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Effect of dilutive securities:</span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; padding: 0px; margin: 0px; text-indent: 0px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td> <td style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; padding: 0px 0px 1px 15px; text-indent: 0px; height: 15px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Stock options</span></td> <td style="padding-bottom: 1pt; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; padding: 0px; border-bottom-width: 1pt; border-bottom-style: solid; margin: 0px; text-indent: 0px; box-shadow: none; border-bottom-color: black !important;"><br/></td> <td id="xdx_981_eus-gaap--WeightedAverageNumberDilutedSharesOutstandingAdjustment_pid_c20240101__20240331_z84NGR8ZqfFj" style="text-align: right; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"><span style="font-family: 'times new roman', times; line-height: inherit;">—</span></td> <td style="text-align: left; padding-bottom: 1pt; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 1pt; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td> <td id="xdx_98E_eus-gaap--WeightedAverageNumberDilutedSharesOutstandingAdjustment_pid_c20230101__20230331_z5NftNWLf4R1" style="text-align: right; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"><span style="font-family: 'times new roman', times; line-height: inherit;">53</span></td> <td style="text-align: left; padding-bottom: 1pt; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 10px;"> <td style="text-align: left; padding: 0px 0px 0px 25px; text-indent: 0px; height: 10px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Denominator for diluted earnings per share</span></td> <td style="padding-bottom: 2.5pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; padding: 0px; border-bottom-width: 2.25pt; border-bottom-style: double; margin: 0px; text-indent: 0px; box-shadow: none; border-bottom-color: black !important;"><br/></td> <td id="xdx_981_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pid_c20240101__20240331_zL8okElqXwx" style="text-align: right; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important;"><span style="font-family: 'times new roman', times; line-height: inherit;">32,028</span></td> <td style="text-align: left; padding-bottom: 2.5pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="padding-bottom: 2.5pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td> <td id="xdx_982_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pid_c20230101__20230331_z2LJYdCtBqC4" style="text-align: right; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important;"><span style="font-family: 'times new roman', times; line-height: inherit;">32,174</span></td> <td style="text-align: left; padding-bottom: 2.5pt; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; height: 16px;"> <td style="padding-left: 0px; text-indent: 0px; height: 16px; padding-right: 0px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 16px; padding: 0px; margin: 0px; text-indent: 0px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 16px; box-shadow: none; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 16px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 15px;"> <td style="padding-left: 0px; text-indent: 0px; height: 15px; padding-right: 0px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Earnings per share:</span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; padding: 0px; margin: 0px; text-indent: 0px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td> <td style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; padding: 0px 0px 0px 10px; text-indent: 0px; height: 15px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Net income attributable to</span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; padding: 0px; margin: 0px; text-indent: 0px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td> <td style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 15px;"> <td style="text-align: left; padding: 0px 0px 0px 15px; text-indent: 0px; height: 15px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Interparfums, Inc. common shareholders:</span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; padding: 0px; margin: 0px; text-indent: 0px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td> <td style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="padding: 0px 0px 0px 25px; text-indent: 0px; height: 15px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Basic</span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; padding: 0px; margin: 0px; text-indent: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td id="xdx_98C_eus-gaap--EarningsPerShareBasic_pid_uUSDPShares_c20240101__20240331_zrzJbJXtmJ5l" style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">1.35</span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 15px; box-shadow: none; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td id="xdx_983_eus-gaap--EarningsPerShareBasic_pid_uUSDPShares_c20230101__20230331_zDOqmWg1G14f" style="text-align: right; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">1.32</span></td> <td style="text-align: left; height: 15px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 10px;"> <td style="padding: 0px 0px 0px 25px; text-indent: 0px; height: 10px; margin: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">Diluted</span></td> <td style="height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td id="xdx_980_eus-gaap--EarningsPerShareDiluted_pid_uUSDPShares_c20240101__20240331_zHw1GGVV8aWi" style="text-align: right; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">1.35</span></td> <td style="text-align: left; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> <td style="text-align: left; height: 10px; box-shadow: none; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit;">$</span></td> <td id="xdx_989_eus-gaap--EarningsPerShareDiluted_pid_uUSDPShares_c20230101__20230331_z2OuydU9s3Me" style="text-align: right; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">1.32</span></td> <td style="text-align: left; height: 10px; box-shadow: none;"><span style="font-family: 'times new roman', times; line-height: inherit;"> </span></td> </tr> </tbody> </table> 43366000 42492000 32028000 32121000 0 53000 32028000 32174000 1.35 1.32 1.35 1.32 180000 40000.00 <div id="t_ft_TPL5B8A4K000000000000000000000b"> <table cellpadding="0" cellspacing="0" style="font: 10pt 'times new roman'; margin-top: 0px; margin-bottom: 0pt; width: 100%;"> <tbody> <tr style="vertical-align: top;"> <td style="width: 0.5in; text-align: left; box-shadow: none;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"><b>10.</b></span></td> <td style="box-shadow: none;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"><b><span style="text-decoration: underline; line-height: inherit;"><span id="xdx_82C_zNLYjIIcmPTa" style="line-height: inherit;">Segment and Geographic Areas:</span></span></b></span></td> </tr> </tbody> </table> </div> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 10pt 0pt 0pt 36pt; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt;">The Company manufactures and distributes </span><span style="font-size: 10pt;">one</span><span style="font-size: 10pt;"> product line, fragrances and fragrance related products. The Company manages its business in </span><span style="font-size: 10pt;">two</span><span style="font-size: 10pt;"> segments, European based operations and United States based operations. The European based operations, assets and business operations are primarily conducted in France, and include the results and assets of </span>Interparfums<span style="font-size: 10pt;"> Luxury Brands, </span>Inc<span style="font-size: 10pt;">., located in the United States. For United States based operations, assets and business operations are primarily conducted in the United States, and include the results and assets of </span>Interparfums<span style="font-size: 10pt;"> Italia </span>Srl<span style="font-size: 10pt;">, located in Italy. Both European based operations and United States based operations primarily represent the sale of prestige brand name fragrances.</span></p> <p style="margin: 0pt 0px 0pt 0.5in; color: #000000; font: 10pt / 1.2 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><br/></p> <div id="fs_JA4MGZEKB400000000000000000000B"> <div style="border-left: none; border-right: none; line-height: 1.2;"> <div> <p style="margin: 0pt 0px 0pt 0.5in; color: #000000; font: 10pt / 1.2 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; text-indent: 0pt;">Information on the Company’s operations by segments is as follows:</span></p> <div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; border-left: none; border-right: none;"> <div> <div style="border-left: none; border-right: none;"> <p style="margin: 0pt 0px 0pt 0.5in; font: 10pt 'Times New Roman', Times, serif; text-align: justify;"><br/></p> <div> <div> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div id="t_ft_CF7DCH50WW00000000000000000000b"> <table cellpadding="0" cellspacing="0" style="height: 322px; width: 90%; border: 1px none #bbbbbb; font: 10pt 'times new roman'; border-collapse: collapse; margin-left: 47px; margin-right: auto;"> <tbody> <tr style="vertical-align: bottom; height: 10px;"> <td style="height: 10px; box-shadow: none; text-align: left;"><br/></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; box-shadow: none;"></td> <td colspan="10" style="font-weight: bold; text-align: center; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: #000000 !important;"><span id="fs_ZKJWH3KQW000000000000000000000FM">Three Months Ended March 31, 2026</span></td> <td style="padding-bottom: 1pt; font-weight: bold; height: 10px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 10px;"> <td style="height: 10px; box-shadow: none;"></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; box-shadow: none;"></td> <td colspan="2" style="font-weight: bold; text-align: center; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: #000000 !important;"> <p style="margin: 0px;">United States</p> <p style="margin: 0px; font-weight: bold; vertical-align: bottom;">based operations</p> </td> <td style="padding-bottom: 1pt; font-weight: bold; height: 10px; box-shadow: none;"></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; box-shadow: none;"></td> <td colspan="2" style="font-weight: bold; text-align: center; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: #000000 !important;"> <p style="margin: 0px; color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">European</p> <p style="margin: 0px; color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">based operations</p> </td> <td style="padding-bottom: 1pt; font-weight: bold; height: 10px; box-shadow: none;"></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; box-shadow: none;"></td> <td colspan="2" style="font-weight: bold; text-align: center; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: #000000 !important;">Total</td> <td style="padding-bottom: 1pt; font-weight: bold; height: 10px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; width: 62%; vertical-align: bottom; padding: 0px;" valign="bottom">Net sales</td> <td style="height: 15px; background-color: #cceeff; box-shadow: none; width: 1%; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; width: 1%; vertical-align: bottom; padding: 0px;" valign="bottom">$</td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none; width: 8%; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>96,136</span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; width: 1%; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="height: 15px; background-color: #cceeff; box-shadow: none; width: 1%; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; width: 1%; vertical-align: bottom; padding: 0px;" valign="bottom">$</td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none; width: 8%; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>252,217</span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; width: 1%; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="height: 15px; background-color: #cceeff; box-shadow: none; width: 1%; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; width: 1%; vertical-align: bottom; padding: 0px;" valign="bottom">$</td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none; width: 8%; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>348,353</span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; width: 1%;"></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom">Eliminations (a)</td> <td style="height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;">—</span></td> <td style="text-align: left; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>(3,468</span></span></td> <td style="text-align: left; height: 15px; padding: 0px 0px 0.5px; box-shadow: none; vertical-align: bottom;" valign="bottom">)</td> <td style="height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;"><span style="line-height: inherit;"><span>(3,468</span></span></span></td> <td style="text-align: left; height: 15px; padding: 0px 0px 0.5px; box-shadow: none;">)</td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 15px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>96,136</span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 15px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>248,749</span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 15px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>344,885</span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom">Less: (b)</td> <td style="height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: left; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: left; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom">Cost of sales</td> <td style="height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>39,487</span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>82,120</span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> </tr> <tr style="height: 16px;"> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">Eliminations (a)</span></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span>—</span></td> <td style="padding: 0px; text-align: left; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span>(1,361</span></td> <td style="padding: 0px 0px 0.5px; text-align: left; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding-bottom: 1pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="padding: 0px; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom">Segment gross margin</td> <td style="padding: 0px; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 15px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>56,649</span></span></td> <td style="padding: 0px; text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"></td> <td style="padding: 0px; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 15px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>167,990</span></span></td> <td style="padding: 0px; text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"></td> <td style="padding: 0px; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 15px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>224,639</span></span></td> <td style="padding-bottom: 1pt; text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 10px;"> <td style="height: 10px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom">Less: (b)</td> <td style="height: 10px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 10px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 10px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 10px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="height: 10px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 10px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 10px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 10px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="height: 10px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 10px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 10px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 10px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 10px; background-color: #cceeff;"> <td style="padding: 0px; height: 10px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom">Advertising and Promotion</td> <td style="padding: 0px; height: 10px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"></td> <td style="text-align: left; height: 10px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 10px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>14,916</span></span></td> <td style="padding: 0px; text-align: left; height: 10px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"></td> <td style="padding: 0px; height: 10px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"></td> <td style="text-align: left; height: 10px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 10px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>36,661</span></span></td> <td style="padding: 0px; text-align: left; height: 10px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"></td> <td style="padding: 0px; height: 10px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"></td> <td style="text-align: left; height: 10px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="height: 10px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"></td> </tr> <tr style="height: 16px;"> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom">Employee related costs</td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>13,494</span></span></td> <td style="padding: 0px; text-align: left; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>19,867</span></span></td> <td style="padding: 0px; text-align: left; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom">Royalties</td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>8,454</span></span></td> <td style="padding: 0px; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>23,452</span></span></td> <td style="padding: 0px; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom">Other segment items (c)</td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span><span>9,190</span></span></span></td> <td style="padding: 0px; text-align: left; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>24,471</span></span></td> <td style="padding: 0px; text-align: left; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom">Segment income from operations</td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom">$</td> <td style="text-align: right; height: 16px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>10,595</span></span></td> <td style="padding: 0px; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom">$</td> <td style="text-align: right; height: 16px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>63,539</span></span></td> <td style="padding: 0px; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom">$</td> <td style="text-align: right; height: 16px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>74,134</span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; text-align: left; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; text-align: left; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><span style="font-style: italic; line-height: inherit;">Reconciliation:</span><br/></td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><span style="line-height: inherit;">Interest expense</span><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; text-align: left; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; text-align: left; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>1,434</span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom">Loss on foreign currency</td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>102</span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom">Interest and investment income</td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; text-align: left; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; text-align: left; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>(2,318</span></span></td> <td style="padding: 0px 0px 0.5px; text-align: left; height: 16px; box-shadow: none;">)</td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom">Other income</td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>(290</span></span></td> <td style="padding: 0px 0px 0.5px; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;">)</td> </tr> <tr style="height: 16px;"> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom">Income before income taxes</td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; text-align: left; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; text-align: left; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom">$</td> <td style="text-align: right; height: 16px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>75,206</span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; vertical-align: bottom; box-shadow: none;" valign="bottom"></td> </tr> </tbody> </table> </div> </div> </div> </div> </div> </div> </div> </div> <div style="border-left: none; border-right: none;"> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><br/></p> <div> </div> <div> <div style="border-left: none; border-right: none; line-height: 1.2;"> <div> <div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; border-left: none; border-right: none;"> <div> <div style="border-left: none; border-right: none;"> <div> <div> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div> <div id="t_ft_FTCRN7F3FK00000000000000000000b"> <table cellpadding="0" cellspacing="0" style="height: 322px; width: 90%; border: 1px none #bbbbbb; font: 10pt 'times new roman'; border-collapse: collapse; margin-left: 47px; margin-right: auto;"> <tbody> <tr style="vertical-align: bottom; height: 10px;"> <td style="height: 10px; box-shadow: none;"></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; box-shadow: none;"></td> <td colspan="10" style="font-weight: bold; text-align: center; height: 10px; border-bottom: 1pt solid #000000; box-shadow: none;"><span><span id="fs_A6TYANBFIO00000000000000000000FM">Three Months Ended March 31, 2025</span></span></td> <td style="padding-bottom: 1pt; font-weight: bold; height: 10px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 10px;"> <td style="height: 10px; box-shadow: none;"></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; box-shadow: none;"></td> <td colspan="2" style="font-weight: bold; text-align: center; height: 10px; border-bottom: 1pt solid #000000; box-shadow: none;"> <p style="margin: 0px;">United States</p> <p style="margin: 0px;">based operations</p> </td> <td style="padding-bottom: 1pt; font-weight: bold; height: 10px; box-shadow: none;"></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; box-shadow: none;"></td> <td colspan="2" style="font-weight: bold; text-align: center; height: 10px; border-bottom: 1pt solid #000000; box-shadow: none;"> <p style="margin: 0px; color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">European</p> <p style="margin: 0px; color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">based operations</p> </td> <td style="padding-bottom: 1pt; font-weight: bold; height: 10px; box-shadow: none;"></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; box-shadow: none;"></td> <td colspan="2" style="font-weight: bold; text-align: center; height: 10px; border-bottom: 1pt solid #000000; box-shadow: none;">Total</td> <td style="padding-bottom: 1pt; font-weight: bold; height: 10px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; width: 61%;">Net sales</td> <td style="height: 15px; background-color: #cceeff; box-shadow: none; width: 1%;"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; width: 1%;">$</td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none; width: 10%;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>94,345</span></span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; width: 1%;"></td> <td style="height: 15px; background-color: #cceeff; box-shadow: none; width: 1%;"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; width: 1%;">$</td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none; width: 10%;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>247,826</span></span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; width: 1%;"></td> <td style="height: 15px; background-color: #cceeff; box-shadow: none; width: 1%;"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; width: 1%;">$</td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none; width: 10%;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>342,171</span></span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; width: 1%;"></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="height: 15px; box-shadow: none;">Eliminations (a)</td> <td style="height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; border-bottom: 1pt solid #000000; box-shadow: none;"></td> <td style="text-align: right; height: 15px; border-bottom: 1pt solid #000000; box-shadow: none;"><span>—</span></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td style="height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; border-bottom: 1pt solid #000000; box-shadow: none;"></td> <td style="text-align: right; height: 15px; border-bottom: 1pt solid #000000; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>(3,352</span></span></span></td> <td style="text-align: left; height: 15px; padding: 0px 0px 0.5px; box-shadow: none;">)</td> <td style="height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; border-bottom: 1pt solid #000000; box-shadow: none;"></td> <td style="text-align: right; height: 15px; border-bottom: 1pt solid #000000; box-shadow: none;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(3,352</span></td> <td style="text-align: left; height: 15px; padding: 0px 0px 0.5px; box-shadow: none;">)</td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="height: 15px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>94,345</span></span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>244,474</span></span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>338,819</span></span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; height: 15px; box-shadow: none;">Less: (b)</td> <td style="height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td style="text-align: right; height: 15px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td style="height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td style="text-align: right; height: 15px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td style="height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td style="text-align: right; height: 15px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;">Cost of sales</td> <td style="height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>38,966</span></span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>85,382</span></span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> </tr> <tr style="height: 16px;"> <td style="padding-bottom: 1pt; height: 16px; box-shadow: none;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">Eliminations (a)</span></td> <td style="padding-bottom: 1pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; border-bottom: 1pt solid #000000; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; border-bottom: 1pt solid #000000; box-shadow: none;"><span>—</span></td> <td style="padding-bottom: 1pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 1pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; border-bottom: 1pt solid #000000; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; border-bottom: 1pt solid #000000; box-shadow: none;">(1,506</td> <td style="padding: 0px 0px 0.5px; text-align: left; height: 16px; box-shadow: none;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</span></td> <td style="padding-bottom: 1pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; border-bottom: 1pt solid #000000; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; border-bottom: 1pt solid #000000; box-shadow: none;"><br/></td> <td style="padding-bottom: 1pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="padding-bottom: 1pt; height: 15px; background-color: #cceeff; box-shadow: none;">Segment gross margin</td> <td style="padding-bottom: 1pt; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>55,379</span></span></span></td> <td style="padding-bottom: 1pt; text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="padding-bottom: 1pt; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>160,598</span></span></span></td> <td style="padding-bottom: 1pt; text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="padding-bottom: 1pt; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>215,977</span></span></span></td> <td style="padding-bottom: 1pt; text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 10px;"> <td style="height: 10px; box-shadow: none;">Less: (b)</td> <td style="height: 10px; box-shadow: none;"></td> <td style="text-align: left; height: 10px; box-shadow: none;"></td> <td style="text-align: right; height: 10px; box-shadow: none;"></td> <td style="text-align: left; height: 10px; box-shadow: none;"></td> <td style="height: 10px; box-shadow: none;"></td> <td style="text-align: left; height: 10px; box-shadow: none;"></td> <td style="text-align: right; height: 10px; box-shadow: none;"></td> <td style="text-align: left; height: 10px; box-shadow: none;"></td> <td style="height: 10px; box-shadow: none;"></td> <td style="text-align: left; height: 10px; box-shadow: none;"></td> <td style="text-align: right; height: 10px; box-shadow: none;"></td> <td style="text-align: left; height: 10px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 10px; background-color: #cceeff;"> <td style="padding-bottom: 2pt; height: 10px; background-color: #cceeff; box-shadow: none;">Advertising and Promotion</td> <td style="padding-bottom: 2pt; height: 10px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>15,388</span></span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"></td> <td style="padding-bottom: 2pt; height: 10px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>36,140</span></span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"></td> <td style="padding-bottom: 2pt; height: 10px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="height: 10px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"></td> </tr> <tr style="height: 16px;"> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;">Employee related costs</td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>13,865</span></span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>18,188</span></span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;">Royalties</td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>7,038</span></span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>21,023</span></span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;">Other segment items (c)</td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; border-bottom: 1pt solid #000000; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; border-bottom: 1pt solid #000000; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span><span style="cursor: default;"><span>8,627</span></span></span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; border-bottom: 1pt solid #000000; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; border-bottom: 1pt solid #000000; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>20,631</span></span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; border-bottom: 1pt solid #000000; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; border-bottom: 1pt solid #000000; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;">Segment income from operations</td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; vertical-align: bottom; box-shadow: none;" valign="bottom">$</td> <td style="text-align: right; height: 16px; background-color: #cceeff; vertical-align: bottom; box-shadow: none;" valign="bottom"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>10,461</span></span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; vertical-align: bottom; box-shadow: none;" valign="bottom">$</td> <td style="text-align: right; height: 16px; background-color: #cceeff; vertical-align: bottom; box-shadow: none;" valign="bottom"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>64,616</span></span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; vertical-align: bottom; box-shadow: none;" valign="bottom">$</td> <td style="text-align: right; height: 16px; background-color: #cceeff; vertical-align: bottom; box-shadow: none;" valign="bottom"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>75,077</span></span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;"><span style="font-style: italic; line-height: inherit;">Reconciliation:</span><br/></td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><span style="line-height: inherit;">Interest expense</span><br/></td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>1,545</span></span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;">Loss on foreign currency</td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>781</span></span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;">Interest and investment loss (income)</td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>(581</span></span></span></td> <td style="padding: 0px; text-align: left; height: 16px; box-shadow: none;">)</td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;">Other expense (income)</td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>(79</span></span></span></td> <td style="padding: 0px 0px 0.5px; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;">)</td> </tr> <tr style="height: 16px;"> <td style="padding-bottom: 2pt; height: 16px; vertical-align: bottom; box-shadow: none;" valign="bottom">Income before income taxes</td> <td style="padding-bottom: 2pt; height: 16px; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="padding-bottom: 2pt; height: 16px; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="padding-bottom: 2pt; height: 16px; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 2.25pt; border-bottom-style: double; vertical-align: bottom; box-shadow: none; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">$</td> <td style="text-align: right; height: 16px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 2.25pt; border-bottom-style: double; vertical-align: bottom; box-shadow: none; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>73,411</span></span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; vertical-align: bottom; box-shadow: none;" valign="bottom"></td> </tr> </tbody> </table> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div style="border-left: none; border-right: none;"> <p style="margin: 0pt 0px 0pt 0.5in; font: 10pt / 1.2 'Times New Roman', Times, serif; text-align: justify;"><br/></p> </div> </div> </div> </div> <div id="t_ft_KYICX3OFFK00000000000000000000b"> <table cellpadding="0" cellspacing="0" style="height: 34px; width: 90%; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font: 10pt 'times new roman'; border-collapse: collapse; margin-left: 0.5in;"> <tbody> <tr style="height: 11px;"> <td style="padding-bottom: 2pt; width: 51.6094px; vertical-align: top; height: 11px; box-shadow: none;" valign="top"><span><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(a)</span></span></td> <td colspan="13" style="padding-bottom: 2pt; height: 11px; width: 1665.89px; text-align: justify; vertical-align: top; box-shadow: none;" valign="top"><span style="border-right: none; border-left: none;">Eliminations of intercompany sales relate to European based operations products sold to United States based operations.</span><br/></td> </tr> <tr style="height: 13px;"> <td style="padding: 0px; vertical-align: top; height: 13px; width: 51.6094px; box-shadow: none;" valign="top"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(b)</span></td> <td colspan="13" style="padding-bottom: 2pt; height: 13px; text-align: justify; vertical-align: top; width: 1665.89px; box-shadow: none;" valign="top"><span style="border-right: none; border-left: none;">The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.</span><br/></td> </tr> <tr style="height: 10px;"> <td style="padding: 0px; vertical-align: top; height: 10px; width: 51.6094px; box-shadow: none;" valign="top"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(c)</span></td> <td colspan="13" style="padding-bottom: 2pt; height: 10px; text-align: justify; vertical-align: top; width: 1665.89px; box-shadow: none;" valign="top"><span style="border-right: none; border-left: none;">Other segment items for each reportable segment include expenses for professional services, travel and entertainment, rent, warehousing, shipping, depreciation and amortization, and other selling, general and administrative costs.</span></td> </tr> </tbody> </table> </div> <div> <div> </div> </div> <p style="margin: 0pt 0px; font: 10pt 'Times New Roman', Times, serif; text-align: center;"><br/></p> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Other segment disclosures:</span></span></span></p> <div id="t_ft_CGJ4VVQD7400000000000000000000b"> <table cellpadding="0" cellspacing="0" style="height: 439px; width: 90%; border: 1px #bbbbbb; font: 10pt 'times new roman'; border-collapse: collapse; margin-right: auto; margin-left: 47px;"> <tbody> <tr style="height: 16px;"> <td style="height: 16px; margin-left: 0.1px; box-shadow: none;"><br/></td> <td style="height: 16px; margin-left: 0.1px; box-shadow: none;"><br/></td> <td style="height: 16px; margin-left: 0.1px; box-shadow: none;"><br/></td> <td style="height: 16px; margin-left: 0.1px; box-shadow: none;"><br/></td> <td style="height: 16px; margin-left: 0.1px; box-shadow: none;"><br/></td> <td style="height: 16px; margin-left: 0.1px; box-shadow: none;"><br/></td> <td style="height: 16px; margin-left: 0.1px; box-shadow: none;"><br/></td> <td style="height: 16px; margin-left: 0.1px; box-shadow: none;"><br/></td> <td style="height: 16px; margin-left: 0.1px; box-shadow: none;"><br/></td> </tr> <tr style="height: 17px;"> <td style="text-align: left; height: 17px; margin-left: 0.1px; box-shadow: none;"><br/></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 17px; margin-left: 0.1px; box-shadow: none;"><br/></td> <td colspan="6" style="font-weight: bold; text-align: center; height: 17px; margin-left: 0.1px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span id="fs_PROZ03ZS8W00000000000000000000FM">Three Months Ended March 31,</span></span></td> <td style="padding-bottom: 1pt; font-weight: bold; height: 17px; margin-left: 0.1px; box-shadow: none;"><br/></td> </tr> <tr style="vertical-align: bottom; height: 10px;"> <td style="text-align: left; height: 10px; margin-left: 0.1px; box-shadow: none;"></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; margin-left: 0.1px; box-shadow: none;"></td> <td colspan="2" style="font-weight: bold; text-align: center; height: 10px; margin-left: 0.1px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"><span><span id="fs_2JHI5RFO8G00000000000000000000fs">2026</span></span></td> <td style="padding-bottom: 1pt; font-weight: bold; height: 10px; margin-left: 0.1px; box-shadow: none;"></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; margin-left: 0.1px; box-shadow: none;"></td> <td colspan="2" style="font-weight: bold; text-align: center; height: 10px; margin-left: 0.1px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"><span><span id="fs_ADDYHKCEN400000000000000000000fs">2025</span></span></td> <td style="padding-bottom: 1pt; font-weight: bold; height: 10px; margin-left: 0.1px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 16px; background-color: #cceeff;"> <td style="text-align: left; height: 16px; box-shadow: none; width: 64%; background-color: #cceeff;">Net income attributable to Interparfums, Inc.:</td> <td style="height: 16px; box-shadow: none; width: 1%; background-color: #cceeff;"></td> <td style="text-align: left; height: 16px; box-shadow: none; width: 1%; background-color: #cceeff;"></td> <td style="text-align: right; height: 16px; box-shadow: none; width: 10%; background-color: #cceeff;"></td> <td style="text-align: left; height: 16px; box-shadow: none; width: 1%; background-color: #cceeff;"></td> <td style="height: 16px; box-shadow: none; width: 1%; background-color: #cceeff;"></td> <td style="text-align: left; height: 16px; box-shadow: none; width: 1%; background-color: #cceeff;"></td> <td style="text-align: right; height: 16px; box-shadow: none; width: 10%; background-color: #cceeff;"></td> <td style="text-align: left; height: 16px; box-shadow: none; width: 1%; background-color: #cceeff;"></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; height: 15px; box-shadow: none;">United States</td> <td style="height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; box-shadow: none;">$</td> <td id="xdx_984_eus-gaap--NetIncomeLoss_c20230101__20231231__srt--StatementGeographicalAxis__country--US_zzH8hmx9A5Mg" style="text-align: right; height: 15px; box-shadow: none;"><span>8,422</span></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td style="height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; box-shadow: none;">$</td> <td id="xdx_984_eus-gaap--NetIncomeLoss_c20220101__20221231__srt--StatementGeographicalAxis__country--US_zAwlc4UYk0T2" style="text-align: right; height: 15px; box-shadow: none;"><span>8,668</span></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;">Europe</td> <td style="height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td id="xdx_98F_eus-gaap--NetIncomeLoss_c20230101__20231231__srt--StatementGeographicalAxis__srt--EuropeMember_zvcTipW4V7Va" style="text-align: right; height: 15px; box-shadow: none; background-color: #cceeff;"><span>36,524</span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td id="xdx_98E_eus-gaap--NetIncomeLoss_c20220101__20221231__srt--StatementGeographicalAxis__srt--EuropeMember_zwGsoRmGpaDj" style="text-align: right; height: 15px; box-shadow: none; background-color: #cceeff;"><span>35,209</span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; padding-bottom: 1pt; height: 15px; box-shadow: none;">Eliminations</td> <td style="padding-bottom: 1pt; height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"></td> <td id="xdx_98F_eus-gaap--NetIncomeLoss_c20230101__20231231__srt--StatementGeographicalAxis__custom--EliminationsMember_zl2yHhYyJxD6" style="text-align: right; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"><span>(1,580</span></td> <td style="padding: 0px 0px 0.5px; text-align: left; height: 15px; box-shadow: none;">)</td> <td style="padding-bottom: 1pt; height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"></td> <td id="xdx_98D_eus-gaap--NetIncomeLoss_c20220101__20221231__srt--StatementGeographicalAxis__custom--EliminationsMember_z0VfJ2Ag4hjc" style="text-align: right; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"><span style="border-left: none; border-right: none; line-height: inherit;"><span>(1,385</span></span></td> <td style="padding: 0px 0px 0.5px; text-align: left; height: 15px; box-shadow: none;">)</td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="text-align: left; padding-bottom: 2pt; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="padding-bottom: 2pt; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;">$</td> <td id="xdx_989_eus-gaap--NetIncomeLoss_c20230101__20231231_zAuOw9rd8Xae" style="text-align: right; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;"><span>43,366</span></td> <td style="padding-bottom: 2pt; text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="padding-bottom: 2pt; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;">$</td> <td id="xdx_988_eus-gaap--NetIncomeLoss_c20220101__20221231_zzbSPciPL285" style="text-align: right; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;"><span>42,492</span></td> <td style="padding-bottom: 2pt; text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> </tr> <tr style="vertical-align: bottom; height: 16px;"> <td style="text-align: left; text-indent: -7.75pt; padding-left: 7.75pt; height: 16px; box-shadow: none;">Depreciation and amortization expense:</td> <td style="height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> <td style="text-align: right; height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> <td style="height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> <td style="text-align: right; height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;">United States</td> <td style="height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;">$</td> <td id="xdx_986_eus-gaap--DepreciationAndAmortization_c20230101__20231231__srt--StatementGeographicalAxis__country--US_zexG2AjAkbr3" style="text-align: right; height: 15px; box-shadow: none; background-color: #cceeff;"><span>1,478</span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;">$</td> <td id="xdx_988_eus-gaap--DepreciationAndAmortization_c20220101__20221231__srt--StatementGeographicalAxis__country--US_zxhwzryI3gzj" style="text-align: right; height: 15px; box-shadow: none; background-color: #cceeff;"><span>1,680</span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> </tr> <tr style="vertical-align: bottom; height: 16px;"> <td style="text-align: left; padding-bottom: 1pt; height: 16px; box-shadow: none;">Europe</td> <td style="padding-bottom: 1pt; height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"></td> <td id="xdx_986_eus-gaap--DepreciationAndAmortization_c20230101__20231231__srt--StatementGeographicalAxis__srt--EuropeMember_zXq96dyrtpz8" style="text-align: right; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"><span>4,321</span></td> <td style="padding-bottom: 1pt; text-align: left; height: 16px; box-shadow: none;"></td> <td style="padding-bottom: 1pt; height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"></td> <td id="xdx_98A_eus-gaap--DepreciationAndAmortization_c20220101__20221231__srt--StatementGeographicalAxis__srt--EuropeMember_z8SIJJxX5Mtc" style="text-align: right; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"><span>4,247</span></td> <td style="padding-bottom: 1pt; text-align: left; height: 16px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="text-align: left; padding-bottom: 2pt; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="padding-bottom: 2pt; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;">$</td> <td id="xdx_98C_eus-gaap--DepreciationAndAmortization_c20230101__20231231_zuNOtwEhRJe9" style="text-align: right; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;"><span>5,799</span></td> <td style="padding-bottom: 2pt; text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="padding-bottom: 2pt; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;">$</td> <td id="xdx_98F_eus-gaap--DepreciationAndAmortization_c20220101__20221231_zoPnimHBj1o7" style="text-align: right; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;"><span>5,927</span></td> <td style="padding-bottom: 2pt; text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> </tr> <tr style="vertical-align: bottom; height: 16px;"> <td style="text-align: left; height: 16px; box-shadow: none;">Interest and investment (income) loss:</td> <td style="height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> <td style="text-align: right; height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> <td style="height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> <td style="text-align: right; height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;">United States</td> <td style="height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;">$</td> <td id="xdx_98A_eus-gaap--InvestmentIncomeInterestAndDividend_c20230101__20231231__srt--StatementGeographicalAxis__country--US_zZfzqPr9Uuh7" style="text-align: right; height: 15px; box-shadow: none; background-color: #cceeff;"><span>365</span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;">$</td> <td id="xdx_985_eus-gaap--InvestmentIncomeInterestAndDividend_c20220101__20221231__srt--StatementGeographicalAxis__country--US_zyVaxwbEJKc4" style="text-align: right; height: 15px; box-shadow: none; background-color: #cceeff;"><span>232</span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; height: 15px; box-shadow: none;">Europe</td> <td style="height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td id="xdx_982_eus-gaap--InvestmentIncomeInterestAndDividend_c20230101__20231231__srt--StatementGeographicalAxis__srt--EuropeMember_zUeaUafFzLLb" style="text-align: right; height: 15px; box-shadow: none;"><span>1,953</span></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td style="height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td id="xdx_98C_eus-gaap--InvestmentIncomeInterestAndDividend_c20220101__20221231__srt--StatementGeographicalAxis__srt--EuropeMember_zIeJkbviViYa" style="text-align: right; height: 15px; box-shadow: none;"><span>349</span></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="text-align: left; padding-bottom: 2pt; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="padding-bottom: 2pt; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;">$</td> <td id="xdx_986_eus-gaap--InvestmentIncomeInterestAndDividend_c20230101__20231231_z08u468p5AOh" style="text-align: right; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;"><span>2,318</span></td> <td style="padding-bottom: 2pt; text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="padding-bottom: 2pt; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;">$</td> <td id="xdx_986_eus-gaap--InvestmentIncomeInterestAndDividend_c20220101__20221231_zaeF94aLwJd5" style="text-align: right; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;"><span>581</span></td> <td style="padding-bottom: 2pt; text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> </tr> <tr style="vertical-align: bottom; height: 16px;"> <td style="text-align: left; height: 16px; box-shadow: none;">Interest expense:</td> <td style="height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> <td style="text-align: right; height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> <td style="height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> <td style="text-align: right; height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 16px; background-color: #cceeff;"> <td style="text-align: left; height: 16px; box-shadow: none; background-color: #cceeff;">United States</td> <td style="height: 16px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 16px; box-shadow: none; background-color: #cceeff;">$</td> <td id="xdx_986_eus-gaap--InterestExpense_c20230101__20231231__srt--StatementGeographicalAxis__country--US_zQV9XqXkRcEb" style="text-align: right; height: 16px; box-shadow: none; background-color: #cceeff;"><span>116</span></td> <td style="text-align: left; height: 16px; box-shadow: none; background-color: #cceeff;"></td> <td style="height: 16px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 16px; box-shadow: none; background-color: #cceeff;">$</td> <td id="xdx_980_eus-gaap--InterestExpense_c20220101__20221231__srt--StatementGeographicalAxis__country--US_zC4nD6HydPKb" style="text-align: right; height: 16px; box-shadow: none; background-color: #cceeff;"><span>210</span></td> <td style="text-align: left; height: 16px; box-shadow: none; background-color: #cceeff;"></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; height: 15px; box-shadow: none;">Europe</td> <td style="height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td id="xdx_983_eus-gaap--InterestExpense_c20230101__20231231__srt--StatementGeographicalAxis__srt--EuropeMember_zk2H0OUt8E39" style="text-align: right; height: 15px; box-shadow: none;"><span>1,318</span></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td style="height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td id="xdx_98F_eus-gaap--InterestExpense_c20220101__20221231__srt--StatementGeographicalAxis__srt--EuropeMember_zzWzopt0yVQi" style="text-align: right; height: 15px; box-shadow: none;"><span>1,335</span></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="text-align: left; padding-bottom: 2pt; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="padding-bottom: 2pt; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;">$</td> <td id="xdx_987_eus-gaap--InterestExpense_c20230101__20231231_zICCoGrPRaE1" style="text-align: right; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;"><span>1,434</span></td> <td style="padding-bottom: 2pt; text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="padding-bottom: 2pt; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;">$</td> <td id="xdx_98A_eus-gaap--InterestExpense_c20220101__20221231_zcuUU5zoYnbe" style="text-align: right; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;"><span>1,545</span></td> <td style="padding-bottom: 2pt; text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> </tr> <tr style="vertical-align: bottom; height: 16px;"> <td style="text-align: left; height: 16px; box-shadow: none;">Income tax expense:</td> <td style="height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> <td style="text-align: right; height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> <td style="height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> <td style="text-align: right; height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;">United States</td> <td style="height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;">$</td> <td id="xdx_98A_eus-gaap--IncomeTaxExpenseBenefit_c20230101__20231231__srt--StatementGeographicalAxis__country--US_zoUGzXnrbAwc" style="text-align: right; height: 15px; box-shadow: none; background-color: #cceeff;"><span>1,666</span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;">$</td> <td id="xdx_98A_eus-gaap--IncomeTaxExpenseBenefit_c20220101__20221231__srt--StatementGeographicalAxis__country--US_zcaQzCXtGQoj" style="text-align: right; height: 15px; box-shadow: none; background-color: #cceeff;"><span>1,712</span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; height: 15px; box-shadow: none;">Europe</td> <td style="height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td id="xdx_98F_eus-gaap--IncomeTaxExpenseBenefit_c20230101__20231231__srt--StatementGeographicalAxis__srt--EuropeMember_z1WxCGKXwdjb" style="text-align: right; height: 15px; box-shadow: none;"><span>16,959</span></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td style="height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td id="xdx_987_eus-gaap--IncomeTaxExpenseBenefit_c20220101__20221231__srt--StatementGeographicalAxis__srt--EuropeMember_zYMXuuFB9Cx" style="text-align: right; height: 15px; box-shadow: none;"><span>16,449</span></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="text-align: left; padding-bottom: 1pt; height: 15px; box-shadow: none; background-color: #cceeff;">Eliminations</td> <td style="padding-bottom: 1pt; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;"></td> <td id="xdx_98E_eus-gaap--IncomeTaxExpenseBenefit_c20230101__20231231__srt--StatementGeographicalAxis__custom--EliminationsMember_zjHe8WqHya97" style="text-align: right; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;"><span>(122</span></td> <td style="padding: 0px 0px 0.5px; text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;">)</td> <td style="padding-bottom: 1pt; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;"></td> <td id="xdx_981_eus-gaap--IncomeTaxExpenseBenefit_c20220101__20221231__srt--StatementGeographicalAxis__custom--EliminationsMember_zc9Mgx7IFg8g" style="text-align: right; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;"><span style="border-left: none; border-right: none; line-height: inherit;"><span>(153</span></span></td> <td style="padding: 0px 0px 0.5px; text-align: left; height: 15px; vertical-align: middle; box-shadow: none; background-color: #cceeff;" valign="middle">)</td> </tr> <tr style="vertical-align: bottom; height: 10px;"> <td style="text-align: left; padding-bottom: 2pt; height: 10px; box-shadow: none;"></td> <td style="padding-bottom: 2pt; height: 10px; box-shadow: none;"></td> <td style="text-align: left; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important;">$</td> <td id="xdx_98F_eus-gaap--IncomeTaxExpenseBenefit_c20230101__20231231_zz0htWnAo2f" style="text-align: right; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important;"><span>18,503</span></td> <td style="padding-bottom: 2pt; text-align: left; height: 10px; box-shadow: none;"></td> <td style="padding-bottom: 2pt; height: 10px; box-shadow: none;"></td> <td style="text-align: left; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important;">$</td> <td id="xdx_98A_eus-gaap--IncomeTaxExpenseBenefit_c20220101__20221231_zHlspBzK4Xwc" style="text-align: right; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important;"><span>18,008</span></td> <td style="padding-bottom: 2pt; text-align: left; height: 10px; box-shadow: none;"></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="text-align: left; padding-bottom: 2pt; height: 16px; margin-left: 0.1px; box-shadow: none; background-color: #cceeff;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Additions to long-lived assets(a):</span></td> <td style="padding-bottom: 2pt; height: 16px; margin-left: 0.1px; box-shadow: none; background-color: #cceeff;"><br/></td> <td style="text-align: left; height: 16px; margin-left: 0.1px; box-shadow: none; background-color: #cceeff;"><br/></td> <td style="text-align: right; height: 16px; margin-left: 0.1px; box-shadow: none; background-color: #cceeff;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; margin-left: 0.1px; box-shadow: none; background-color: #cceeff;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; margin-left: 0.1px; box-shadow: none; background-color: #cceeff;"><br/></td> <td style="text-align: left; height: 16px; margin-left: 0.1px; box-shadow: none; background-color: #cceeff;"><br/></td> <td style="text-align: right; height: 16px; margin-left: 0.1px; box-shadow: none; background-color: #cceeff;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; margin-left: 0.1px; box-shadow: none; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 16px;"> <td style="text-align: left; padding-bottom: 2pt; height: 16px; margin-left: 0.1px; box-shadow: none;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">United States</span></td> <td style="padding-bottom: 2pt; height: 16px; margin-left: 0.1px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; margin-left: 0.1px; vertical-align: bottom; box-shadow: none;" valign="bottom">$</td> <td style="text-align: right; height: 16px; margin-left: 0.1px; box-shadow: none;"> <p>1,408</p> </td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; margin-left: 0.1px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; margin-left: 0.1px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; margin-left: 0.1px; vertical-align: bottom; box-shadow: none;" valign="bottom">$</td> <td style="text-align: right; height: 16px; margin-left: 0.1px; box-shadow: none;">170</td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; margin-left: 0.1px; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="text-align: left; padding-bottom: 2pt; height: 16px; margin-left: 0.1px; box-shadow: none; background-color: #cceeff;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Europe</span></td> <td style="padding-bottom: 2pt; height: 16px; margin-left: 0.1px; box-shadow: none; background-color: #cceeff;"><br/></td> <td style="text-align: left; height: 16px; margin-left: 0.1px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="text-align: right; height: 16px; margin-left: 0.1px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: #000000 !important; background-color: #cceeff;">1,730</td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; margin-left: 0.1px; box-shadow: none; background-color: #cceeff;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; margin-left: 0.1px; box-shadow: none; background-color: #cceeff;"><br/></td> <td style="text-align: left; height: 16px; margin-left: 0.1px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="text-align: right; height: 16px; margin-left: 0.1px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: #000000 !important; background-color: #cceeff;">23,765</td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; margin-left: 0.1px; box-shadow: none; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 16px;"> <td style="text-align: left; padding-bottom: 2pt; height: 16px; margin-left: 0.1px; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="padding-bottom: 2pt; height: 16px; margin-left: 0.1px; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; margin-left: 0.1px; border-bottom-width: 2.25pt; border-bottom-style: double; vertical-align: bottom; box-shadow: none; border-bottom-color: #000000 !important;" valign="bottom">$</td> <td style="text-align: right; height: 16px; margin-left: 0.1px; border-bottom-width: 2.25pt; border-bottom-style: double; vertical-align: bottom; box-shadow: none; border-bottom-color: #000000 !important;" valign="bottom">3,138</td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; margin-left: 0.1px; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="padding-bottom: 2pt; height: 16px; margin-left: 0.1px; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; margin-left: 0.1px; border-bottom-width: 2.25pt; border-bottom-style: double; vertical-align: bottom; box-shadow: none; border-bottom-color: #000000 !important;" valign="bottom">$</td> <td style="text-align: right; height: 16px; margin-left: 0.1px; border-bottom-width: 2.25pt; border-bottom-style: double; vertical-align: bottom; box-shadow: none; border-bottom-color: #000000 !important;" valign="bottom">23,935</td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; margin-left: 0.1px; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> </tr> </tbody> </table> </div> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><br/></p> <p style="font: 10pt 'Times New Roman', Times, serif; margin: 0pt 0pt 10pt 36pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"> <span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(a)</span> <span style="border-right: none; border-left: none;"><span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Total long-lived assets include property, equipment and leasehold improvements, trademarks, licenses, and other intangible assets, and right-of-use assets.</span></span></span></p> <div id="t_ft_NFVKXOR4XC00000000000000000000b"> <table cellpadding="0" cellspacing="0" style="height: 82px; width: 90%; border: 1px none #bbbbbb; font: 10pt 'times new roman'; border-collapse: collapse; margin-left: 47px; margin-right: auto;"> <tbody> <tr style="vertical-align: bottom; height: 10px;"> <td style="height: 10px; box-shadow: none;"> </td> <td style="height: 10px; box-shadow: none;"> </td> <td colspan="2" style="text-align: center; height: 10px; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;"><span id="fs_7OQEJ9A0Z400000000000000000000FM" style="line-height: inherit;">March 31,</span></span></td> <td style="height: 10px; box-shadow: none;"> </td> <td style="height: 10px; box-shadow: none;"> </td> <td colspan="2" style="text-align: center; height: 10px; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;"><span id="fs_3X67EODSQ800000000000000000000FM" style="line-height: inherit;">December 31,</span></span></td> <td style="height: 10px; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; height: 10px;"> <td style="text-align: justify; height: 10px; box-shadow: none;"> </td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"> </td> <td colspan="2" style="text-align: center; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;"><span id="fs_ZM398PD77400000000000000000000FM" style="line-height: inherit;">2026</span></span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"> </td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"> </td> <td colspan="2" style="text-align: center; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;"><span id="fs_LHTD2LFZ1C00000000000000000000FM" style="line-height: inherit;">2025</span></span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 12px;"> <td style="text-align: justify; height: 12px; box-shadow: none; width: 64%;">Total Assets:</td> <td style="height: 12px; box-shadow: none; width: 1%;"> </td> <td style="text-align: left; height: 12px; box-shadow: none; width: 1%;"> </td> <td style="text-align: right; height: 12px; box-shadow: none; width: 10%;"> </td> <td style="text-align: left; height: 12px; box-shadow: none; width: 1%;"> </td> <td style="height: 12px; box-shadow: none; width: 1%;"> </td> <td style="text-align: left; height: 12px; box-shadow: none; width: 1%;"> </td> <td style="text-align: right; height: 12px; box-shadow: none; width: 10%;"> </td> <td style="text-align: left; height: 12px; box-shadow: none; width: 1%;"> </td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: justify; padding-left: 0.125in; height: 15px; box-shadow: none;">United States</td> <td style="height: 15px; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; box-shadow: none;">$</td> <td id="xdx_98B_eus-gaap--Assets_iI_pn3n3_c20240331__srt--StatementGeographicalAxis__country--US_zvKTGEu2Muwh" style="text-align: right; height: 15px; padding: 0px; box-shadow: none;">345,267</td> <td style="text-align: left; height: 15px; padding: 0px; box-shadow: none;"> </td> <td style="height: 15px; padding: 0px; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; padding: 0px; box-shadow: none;">$</td> <td id="xdx_988_eus-gaap--Assets_iI_pn3n3_c20230331__srt--StatementGeographicalAxis__country--US_zXON2zLBdSUc" style="text-align: right; height: 15px; padding: 0px; box-shadow: none;">369,871</td> <td style="text-align: left; height: 15px; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 15px;"> <td style="text-align: justify; padding-left: 0.125in; height: 15px; box-shadow: none;">Europe</td> <td style="height: 15px; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; box-shadow: none;"> </td> <td id="xdx_98E_eus-gaap--Assets_iI_pn3n3_c20240331__srt--StatementGeographicalAxis__srt--EuropeMember_z0p4cm1bWyMe" style="text-align: right; height: 15px; padding: 0px; box-shadow: none;">1,212,956</td> <td style="text-align: left; height: 15px; padding: 0px; box-shadow: none;"> </td> <td style="height: 15px; padding: 0px; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; padding: 0px; box-shadow: none;"> </td> <td id="xdx_983_eus-gaap--Assets_iI_pn3n3_c20230331__srt--StatementGeographicalAxis__srt--EuropeMember_zPVPUfkn5Uih" style="text-align: right; height: 15px; padding: 0px; box-shadow: none;">1,229,174</td> <td style="text-align: left; height: 15px; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; height: 10px;"> <td style="text-align: justify; padding-bottom: 1pt; padding-left: 0.125in; height: 10px; box-shadow: none;">Eliminations</td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"> </td> <td style="text-align: left; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"> </td> <td id="xdx_989_eus-gaap--Assets_iI_pn3n3_c20240331__srt--StatementGeographicalAxis__custom--EliminationsMember_zx1IYCJnOj66" style="text-align: right; height: 10px; padding: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;">(15,440</td> <td style="padding: 0px 0px 0.5px; text-align: left; height: 10px; box-shadow: none;">)</td> <td style="padding: 0px; height: 10px; box-shadow: none;"> </td> <td style="text-align: left; height: 10px; padding: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"> </td> <td id="xdx_987_eus-gaap--Assets_iI_pn3n3_c20230331__srt--StatementGeographicalAxis__custom--EliminationsMember_zNO3u8fR1Qxi" style="text-align: right; height: 10px; padding: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;">(13,797</td> <td style="padding: 0px 0px 0.5px; text-align: left; height: 10px; box-shadow: none;">)</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 10px;"> <td style="text-align: justify; padding-bottom: 2.5pt; height: 10px; box-shadow: none;"> <p style="margin: 0px; text-indent: 0px;"> <br/></p> </td> <td style="padding-bottom: 2.5pt; height: 10px; box-shadow: none;"> </td> <td style="text-align: left; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black !important; box-shadow: none;">$</td> <td id="xdx_98B_eus-gaap--Assets_iI_pn3n3_c20240331_zE2doCrid6nl" style="text-align: right; height: 10px; padding: 0px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black !important; box-shadow: none;">1,542,783</td> <td style="padding: 0px; text-align: left; height: 10px; box-shadow: none;"> </td> <td style="padding: 0px; height: 10px; box-shadow: none;"> </td> <td style="text-align: left; height: 10px; padding: 0px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black !important; box-shadow: none;">$</td> <td id="xdx_98E_eus-gaap--Assets_iI_pn3n3_c20230331_z84Quq2P05Xl" style="text-align: right; height: 10px; padding: 0px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black !important; box-shadow: none;">1,585,248</td> <td style="padding-bottom: 2.5pt; text-align: left; height: 10px; vertical-align: bottom; box-shadow: none;" valign="bottom"> </td> </tr> </tbody> </table> </div> </div> </div> </div> </div> 1 2 <div style="border-left: none; border-right: none; line-height: 1.2;"> <div> <p style="margin: 0pt 0px 0pt 0.5in; color: #000000; font: 10pt / 1.2 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; text-indent: 0pt;">Information on the Company’s operations by segments is as follows:</span></p> <div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; border-left: none; border-right: none;"> <div> <div style="border-left: none; border-right: none;"> <p style="margin: 0pt 0px 0pt 0.5in; font: 10pt 'Times New Roman', Times, serif; text-align: justify;"><br/></p> <div> <div> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div id="t_ft_CF7DCH50WW00000000000000000000b"> <table cellpadding="0" cellspacing="0" style="height: 322px; width: 90%; border: 1px none #bbbbbb; font: 10pt 'times new roman'; border-collapse: collapse; margin-left: 47px; margin-right: auto;"> <tbody> <tr style="vertical-align: bottom; height: 10px;"> <td style="height: 10px; box-shadow: none; text-align: left;"><br/></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; box-shadow: none;"></td> <td colspan="10" style="font-weight: bold; text-align: center; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: #000000 !important;"><span id="fs_ZKJWH3KQW000000000000000000000FM">Three Months Ended March 31, 2026</span></td> <td style="padding-bottom: 1pt; font-weight: bold; height: 10px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 10px;"> <td style="height: 10px; box-shadow: none;"></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; box-shadow: none;"></td> <td colspan="2" style="font-weight: bold; text-align: center; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: #000000 !important;"> <p style="margin: 0px;">United States</p> <p style="margin: 0px; font-weight: bold; vertical-align: bottom;">based operations</p> </td> <td style="padding-bottom: 1pt; font-weight: bold; height: 10px; box-shadow: none;"></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; box-shadow: none;"></td> <td colspan="2" style="font-weight: bold; text-align: center; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: #000000 !important;"> <p style="margin: 0px; color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">European</p> <p style="margin: 0px; color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">based operations</p> </td> <td style="padding-bottom: 1pt; font-weight: bold; height: 10px; box-shadow: none;"></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; box-shadow: none;"></td> <td colspan="2" style="font-weight: bold; text-align: center; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: #000000 !important;">Total</td> <td style="padding-bottom: 1pt; font-weight: bold; height: 10px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; width: 62%; vertical-align: bottom; padding: 0px;" valign="bottom">Net sales</td> <td style="height: 15px; background-color: #cceeff; box-shadow: none; width: 1%; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; width: 1%; vertical-align: bottom; padding: 0px;" valign="bottom">$</td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none; width: 8%; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>96,136</span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; width: 1%; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="height: 15px; background-color: #cceeff; box-shadow: none; width: 1%; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; width: 1%; vertical-align: bottom; padding: 0px;" valign="bottom">$</td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none; width: 8%; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>252,217</span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; width: 1%; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="height: 15px; background-color: #cceeff; box-shadow: none; width: 1%; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; width: 1%; vertical-align: bottom; padding: 0px;" valign="bottom">$</td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none; width: 8%; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>348,353</span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; width: 1%;"></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom">Eliminations (a)</td> <td style="height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;">—</span></td> <td style="text-align: left; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>(3,468</span></span></td> <td style="text-align: left; height: 15px; padding: 0px 0px 0.5px; box-shadow: none; vertical-align: bottom;" valign="bottom">)</td> <td style="height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;"><span style="line-height: inherit;"><span>(3,468</span></span></span></td> <td style="text-align: left; height: 15px; padding: 0px 0px 0.5px; box-shadow: none;">)</td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 15px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>96,136</span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 15px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>248,749</span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 15px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>344,885</span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom">Less: (b)</td> <td style="height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: left; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: left; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 15px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom">Cost of sales</td> <td style="height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>39,487</span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>82,120</span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> </tr> <tr style="height: 16px;"> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">Eliminations (a)</span></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span>—</span></td> <td style="padding: 0px; text-align: left; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span>(1,361</span></td> <td style="padding: 0px 0px 0.5px; text-align: left; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding-bottom: 1pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="padding: 0px; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom">Segment gross margin</td> <td style="padding: 0px; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 15px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>56,649</span></span></td> <td style="padding: 0px; text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"></td> <td style="padding: 0px; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 15px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>167,990</span></span></td> <td style="padding: 0px; text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"></td> <td style="padding: 0px; height: 15px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 15px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>224,639</span></span></td> <td style="padding-bottom: 1pt; text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 10px;"> <td style="height: 10px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom">Less: (b)</td> <td style="height: 10px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 10px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 10px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 10px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="height: 10px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 10px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 10px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 10px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="height: 10px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 10px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: right; height: 10px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"></td> <td style="text-align: left; height: 10px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 10px; background-color: #cceeff;"> <td style="padding: 0px; height: 10px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom">Advertising and Promotion</td> <td style="padding: 0px; height: 10px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"></td> <td style="text-align: left; height: 10px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 10px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>14,916</span></span></td> <td style="padding: 0px; text-align: left; height: 10px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"></td> <td style="padding: 0px; height: 10px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"></td> <td style="text-align: left; height: 10px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 10px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>36,661</span></span></td> <td style="padding: 0px; text-align: left; height: 10px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"></td> <td style="padding: 0px; height: 10px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"></td> <td style="text-align: left; height: 10px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="height: 10px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"></td> </tr> <tr style="height: 16px;"> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom">Employee related costs</td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>13,494</span></span></td> <td style="padding: 0px; text-align: left; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>19,867</span></span></td> <td style="padding: 0px; text-align: left; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom">Royalties</td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>8,454</span></span></td> <td style="padding: 0px; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>23,452</span></span></td> <td style="padding: 0px; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom">Other segment items (c)</td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span><span>9,190</span></span></span></td> <td style="padding: 0px; text-align: left; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>24,471</span></span></td> <td style="padding: 0px; text-align: left; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom">Segment income from operations</td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom">$</td> <td style="text-align: right; height: 16px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>10,595</span></span></td> <td style="padding: 0px; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom">$</td> <td style="text-align: right; height: 16px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>63,539</span></span></td> <td style="padding: 0px; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom">$</td> <td style="text-align: right; height: 16px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; box-shadow: none; border-top-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>74,134</span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; text-align: left; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; text-align: left; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><span style="font-style: italic; line-height: inherit;">Reconciliation:</span><br/></td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><span style="line-height: inherit;">Interest expense</span><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; text-align: left; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; text-align: left; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>1,434</span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom">Loss on foreign currency</td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>102</span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom">Interest and investment income</td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; text-align: left; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; text-align: left; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>(2,318</span></span></td> <td style="padding: 0px 0px 0.5px; text-align: left; height: 16px; box-shadow: none;">)</td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom">Other income</td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>(290</span></span></td> <td style="padding: 0px 0px 0.5px; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;">)</td> </tr> <tr style="height: 16px;"> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom">Income before income taxes</td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; text-align: left; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none; vertical-align: bottom; padding: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; text-align: left; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; height: 16px; box-shadow: none; vertical-align: bottom;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom">$</td> <td style="text-align: right; height: 16px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom; padding: 0px;" valign="bottom"><span style="line-height: inherit;"><span>75,206</span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; vertical-align: bottom; box-shadow: none;" valign="bottom"></td> </tr> </tbody> </table> </div> </div> </div> </div> </div> </div> </div> </div> <div style="border-left: none; border-right: none;"> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><br/></p> <div> </div> <div> <div style="border-left: none; border-right: none; line-height: 1.2;"> <div> <div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; border-left: none; border-right: none;"> <div> <div style="border-left: none; border-right: none;"> <div> <div> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div> <div id="t_ft_FTCRN7F3FK00000000000000000000b"> <table cellpadding="0" cellspacing="0" style="height: 322px; width: 90%; border: 1px none #bbbbbb; font: 10pt 'times new roman'; border-collapse: collapse; margin-left: 47px; margin-right: auto;"> <tbody> <tr style="vertical-align: bottom; height: 10px;"> <td style="height: 10px; box-shadow: none;"></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; box-shadow: none;"></td> <td colspan="10" style="font-weight: bold; text-align: center; height: 10px; border-bottom: 1pt solid #000000; box-shadow: none;"><span><span id="fs_A6TYANBFIO00000000000000000000FM">Three Months Ended March 31, 2025</span></span></td> <td style="padding-bottom: 1pt; font-weight: bold; height: 10px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 10px;"> <td style="height: 10px; box-shadow: none;"></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; box-shadow: none;"></td> <td colspan="2" style="font-weight: bold; text-align: center; height: 10px; border-bottom: 1pt solid #000000; box-shadow: none;"> <p style="margin: 0px;">United States</p> <p style="margin: 0px;">based operations</p> </td> <td style="padding-bottom: 1pt; font-weight: bold; height: 10px; box-shadow: none;"></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; box-shadow: none;"></td> <td colspan="2" style="font-weight: bold; text-align: center; height: 10px; border-bottom: 1pt solid #000000; box-shadow: none;"> <p style="margin: 0px; color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">European</p> <p style="margin: 0px; color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">based operations</p> </td> <td style="padding-bottom: 1pt; font-weight: bold; height: 10px; box-shadow: none;"></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; box-shadow: none;"></td> <td colspan="2" style="font-weight: bold; text-align: center; height: 10px; border-bottom: 1pt solid #000000; box-shadow: none;">Total</td> <td style="padding-bottom: 1pt; font-weight: bold; height: 10px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; width: 61%;">Net sales</td> <td style="height: 15px; background-color: #cceeff; box-shadow: none; width: 1%;"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; width: 1%;">$</td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none; width: 10%;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>94,345</span></span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; width: 1%;"></td> <td style="height: 15px; background-color: #cceeff; box-shadow: none; width: 1%;"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; width: 1%;">$</td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none; width: 10%;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>247,826</span></span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; width: 1%;"></td> <td style="height: 15px; background-color: #cceeff; box-shadow: none; width: 1%;"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; width: 1%;">$</td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none; width: 10%;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>342,171</span></span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none; width: 1%;"></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="height: 15px; box-shadow: none;">Eliminations (a)</td> <td style="height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; border-bottom: 1pt solid #000000; box-shadow: none;"></td> <td style="text-align: right; height: 15px; border-bottom: 1pt solid #000000; box-shadow: none;"><span>—</span></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td style="height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; border-bottom: 1pt solid #000000; box-shadow: none;"></td> <td style="text-align: right; height: 15px; border-bottom: 1pt solid #000000; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>(3,352</span></span></span></td> <td style="text-align: left; height: 15px; padding: 0px 0px 0.5px; box-shadow: none;">)</td> <td style="height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; border-bottom: 1pt solid #000000; box-shadow: none;"></td> <td style="text-align: right; height: 15px; border-bottom: 1pt solid #000000; box-shadow: none;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(3,352</span></td> <td style="text-align: left; height: 15px; padding: 0px 0px 0.5px; box-shadow: none;">)</td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="height: 15px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>94,345</span></span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>244,474</span></span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>338,819</span></span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; height: 15px; box-shadow: none;">Less: (b)</td> <td style="height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td style="text-align: right; height: 15px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td style="height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td style="text-align: right; height: 15px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td style="height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td style="text-align: right; height: 15px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;">Cost of sales</td> <td style="height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>38,966</span></span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>85,382</span></span></span></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> </tr> <tr style="height: 16px;"> <td style="padding-bottom: 1pt; height: 16px; box-shadow: none;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">Eliminations (a)</span></td> <td style="padding-bottom: 1pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; border-bottom: 1pt solid #000000; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; border-bottom: 1pt solid #000000; box-shadow: none;"><span>—</span></td> <td style="padding-bottom: 1pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 1pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; border-bottom: 1pt solid #000000; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; border-bottom: 1pt solid #000000; box-shadow: none;">(1,506</td> <td style="padding: 0px 0px 0.5px; text-align: left; height: 16px; box-shadow: none;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</span></td> <td style="padding-bottom: 1pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; border-bottom: 1pt solid #000000; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; border-bottom: 1pt solid #000000; box-shadow: none;"><br/></td> <td style="padding-bottom: 1pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="padding-bottom: 1pt; height: 15px; background-color: #cceeff; box-shadow: none;">Segment gross margin</td> <td style="padding-bottom: 1pt; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>55,379</span></span></span></td> <td style="padding-bottom: 1pt; text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="padding-bottom: 1pt; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>160,598</span></span></span></td> <td style="padding-bottom: 1pt; text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="padding-bottom: 1pt; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: right; height: 15px; background-color: #cceeff; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>215,977</span></span></span></td> <td style="padding-bottom: 1pt; text-align: left; height: 15px; background-color: #cceeff; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 10px;"> <td style="height: 10px; box-shadow: none;">Less: (b)</td> <td style="height: 10px; box-shadow: none;"></td> <td style="text-align: left; height: 10px; box-shadow: none;"></td> <td style="text-align: right; height: 10px; box-shadow: none;"></td> <td style="text-align: left; height: 10px; box-shadow: none;"></td> <td style="height: 10px; box-shadow: none;"></td> <td style="text-align: left; height: 10px; box-shadow: none;"></td> <td style="text-align: right; height: 10px; box-shadow: none;"></td> <td style="text-align: left; height: 10px; box-shadow: none;"></td> <td style="height: 10px; box-shadow: none;"></td> <td style="text-align: left; height: 10px; box-shadow: none;"></td> <td style="text-align: right; height: 10px; box-shadow: none;"></td> <td style="text-align: left; height: 10px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 10px; background-color: #cceeff;"> <td style="padding-bottom: 2pt; height: 10px; background-color: #cceeff; box-shadow: none;">Advertising and Promotion</td> <td style="padding-bottom: 2pt; height: 10px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>15,388</span></span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"></td> <td style="padding-bottom: 2pt; height: 10px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 10px; background-color: #cceeff; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>36,140</span></span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"></td> <td style="padding-bottom: 2pt; height: 10px; background-color: #cceeff; box-shadow: none;"></td> <td style="text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="height: 10px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 10px; background-color: #cceeff; box-shadow: none;"></td> </tr> <tr style="height: 16px;"> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;">Employee related costs</td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>13,865</span></span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>18,188</span></span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;">Royalties</td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>7,038</span></span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>21,023</span></span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;">Other segment items (c)</td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; border-bottom: 1pt solid #000000; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; border-bottom: 1pt solid #000000; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span><span style="cursor: default;"><span>8,627</span></span></span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; border-bottom: 1pt solid #000000; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; border-bottom: 1pt solid #000000; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>20,631</span></span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; border-bottom: 1pt solid #000000; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; border-bottom: 1pt solid #000000; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;">Segment income from operations</td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; vertical-align: bottom; box-shadow: none;" valign="bottom">$</td> <td style="text-align: right; height: 16px; background-color: #cceeff; vertical-align: bottom; box-shadow: none;" valign="bottom"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>10,461</span></span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; vertical-align: bottom; box-shadow: none;" valign="bottom">$</td> <td style="text-align: right; height: 16px; background-color: #cceeff; vertical-align: bottom; box-shadow: none;" valign="bottom"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>64,616</span></span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; vertical-align: bottom; box-shadow: none;" valign="bottom">$</td> <td style="text-align: right; height: 16px; background-color: #cceeff; vertical-align: bottom; box-shadow: none;" valign="bottom"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>75,077</span></span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;"><span style="font-style: italic; line-height: inherit;">Reconciliation:</span><br/></td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><span style="line-height: inherit;">Interest expense</span><br/></td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>1,545</span></span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;">Loss on foreign currency</td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>781</span></span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;">Interest and investment loss (income)</td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>(581</span></span></span></td> <td style="padding: 0px; text-align: left; height: 16px; box-shadow: none;">)</td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;">Other expense (income)</td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;"><br/></td> <td style="text-align: right; height: 16px; background-color: #cceeff; box-shadow: none;"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>(79</span></span></span></td> <td style="padding: 0px 0px 0.5px; text-align: left; height: 16px; background-color: #cceeff; box-shadow: none;">)</td> </tr> <tr style="height: 16px;"> <td style="padding-bottom: 2pt; height: 16px; vertical-align: bottom; box-shadow: none;" valign="bottom">Income before income taxes</td> <td style="padding-bottom: 2pt; height: 16px; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="padding-bottom: 2pt; height: 16px; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="text-align: right; height: 16px; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="padding-bottom: 2pt; height: 16px; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 2.25pt; border-bottom-style: double; vertical-align: bottom; box-shadow: none; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">$</td> <td style="text-align: right; height: 16px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 2.25pt; border-bottom-style: double; vertical-align: bottom; box-shadow: none; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><span style="cursor: default; line-height: inherit;"><span style="cursor: default;"><span>73,411</span></span></span></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; vertical-align: bottom; box-shadow: none;" valign="bottom"></td> </tr> </tbody> </table> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div style="border-left: none; border-right: none;"> <p style="margin: 0pt 0px 0pt 0.5in; font: 10pt / 1.2 'Times New Roman', Times, serif; text-align: justify;"><br/></p> </div> </div> </div> </div> <div id="t_ft_KYICX3OFFK00000000000000000000b"> <table cellpadding="0" cellspacing="0" style="height: 34px; width: 90%; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font: 10pt 'times new roman'; border-collapse: collapse; margin-left: 0.5in;"> <tbody> <tr style="height: 11px;"> <td style="padding-bottom: 2pt; width: 51.6094px; vertical-align: top; height: 11px; box-shadow: none;" valign="top"><span><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(a)</span></span></td> <td colspan="13" style="padding-bottom: 2pt; height: 11px; width: 1665.89px; text-align: justify; vertical-align: top; box-shadow: none;" valign="top"><span style="border-right: none; border-left: none;">Eliminations of intercompany sales relate to European based operations products sold to United States based operations.</span><br/></td> </tr> <tr style="height: 13px;"> <td style="padding: 0px; vertical-align: top; height: 13px; width: 51.6094px; box-shadow: none;" valign="top"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(b)</span></td> <td colspan="13" style="padding-bottom: 2pt; height: 13px; text-align: justify; vertical-align: top; width: 1665.89px; box-shadow: none;" valign="top"><span style="border-right: none; border-left: none;">The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.</span><br/></td> </tr> <tr style="height: 10px;"> <td style="padding: 0px; vertical-align: top; height: 10px; width: 51.6094px; box-shadow: none;" valign="top"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(c)</span></td> <td colspan="13" style="padding-bottom: 2pt; height: 10px; text-align: justify; vertical-align: top; width: 1665.89px; box-shadow: none;" valign="top"><span style="border-right: none; border-left: none;">Other segment items for each reportable segment include expenses for professional services, travel and entertainment, rent, warehousing, shipping, depreciation and amortization, and other selling, general and administrative costs.</span></td> </tr> </tbody> </table> </div> <div> <div> </div> </div> <p style="margin: 0pt 0px; font: 10pt 'Times New Roman', Times, serif; text-align: center;"><br/></p> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Other segment disclosures:</span></span></span></p> <div id="t_ft_CGJ4VVQD7400000000000000000000b"> <table cellpadding="0" cellspacing="0" style="height: 439px; width: 90%; border: 1px #bbbbbb; font: 10pt 'times new roman'; border-collapse: collapse; margin-right: auto; margin-left: 47px;"> <tbody> <tr style="height: 16px;"> <td style="height: 16px; margin-left: 0.1px; box-shadow: none;"><br/></td> <td style="height: 16px; margin-left: 0.1px; box-shadow: none;"><br/></td> <td style="height: 16px; margin-left: 0.1px; box-shadow: none;"><br/></td> <td style="height: 16px; margin-left: 0.1px; box-shadow: none;"><br/></td> <td style="height: 16px; margin-left: 0.1px; box-shadow: none;"><br/></td> <td style="height: 16px; margin-left: 0.1px; box-shadow: none;"><br/></td> <td style="height: 16px; margin-left: 0.1px; box-shadow: none;"><br/></td> <td style="height: 16px; margin-left: 0.1px; box-shadow: none;"><br/></td> <td style="height: 16px; margin-left: 0.1px; box-shadow: none;"><br/></td> </tr> <tr style="height: 17px;"> <td style="text-align: left; height: 17px; margin-left: 0.1px; box-shadow: none;"><br/></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 17px; margin-left: 0.1px; box-shadow: none;"><br/></td> <td colspan="6" style="font-weight: bold; text-align: center; height: 17px; margin-left: 0.1px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span id="fs_PROZ03ZS8W00000000000000000000FM">Three Months Ended March 31,</span></span></td> <td style="padding-bottom: 1pt; font-weight: bold; height: 17px; margin-left: 0.1px; box-shadow: none;"><br/></td> </tr> <tr style="vertical-align: bottom; height: 10px;"> <td style="text-align: left; height: 10px; margin-left: 0.1px; box-shadow: none;"></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; margin-left: 0.1px; box-shadow: none;"></td> <td colspan="2" style="font-weight: bold; text-align: center; height: 10px; margin-left: 0.1px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"><span><span id="fs_2JHI5RFO8G00000000000000000000fs">2026</span></span></td> <td style="padding-bottom: 1pt; font-weight: bold; height: 10px; margin-left: 0.1px; box-shadow: none;"></td> <td style="font-weight: bold; padding-bottom: 1pt; height: 10px; margin-left: 0.1px; box-shadow: none;"></td> <td colspan="2" style="font-weight: bold; text-align: center; height: 10px; margin-left: 0.1px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"><span><span id="fs_ADDYHKCEN400000000000000000000fs">2025</span></span></td> <td style="padding-bottom: 1pt; font-weight: bold; height: 10px; margin-left: 0.1px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 16px; background-color: #cceeff;"> <td style="text-align: left; height: 16px; box-shadow: none; width: 64%; background-color: #cceeff;">Net income attributable to Interparfums, Inc.:</td> <td style="height: 16px; box-shadow: none; width: 1%; background-color: #cceeff;"></td> <td style="text-align: left; height: 16px; box-shadow: none; width: 1%; background-color: #cceeff;"></td> <td style="text-align: right; height: 16px; box-shadow: none; width: 10%; background-color: #cceeff;"></td> <td style="text-align: left; height: 16px; box-shadow: none; width: 1%; background-color: #cceeff;"></td> <td style="height: 16px; box-shadow: none; width: 1%; background-color: #cceeff;"></td> <td style="text-align: left; height: 16px; box-shadow: none; width: 1%; background-color: #cceeff;"></td> <td style="text-align: right; height: 16px; box-shadow: none; width: 10%; background-color: #cceeff;"></td> <td style="text-align: left; height: 16px; box-shadow: none; width: 1%; background-color: #cceeff;"></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; height: 15px; box-shadow: none;">United States</td> <td style="height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; box-shadow: none;">$</td> <td id="xdx_984_eus-gaap--NetIncomeLoss_c20230101__20231231__srt--StatementGeographicalAxis__country--US_zzH8hmx9A5Mg" style="text-align: right; height: 15px; box-shadow: none;"><span>8,422</span></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td style="height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; box-shadow: none;">$</td> <td id="xdx_984_eus-gaap--NetIncomeLoss_c20220101__20221231__srt--StatementGeographicalAxis__country--US_zAwlc4UYk0T2" style="text-align: right; height: 15px; box-shadow: none;"><span>8,668</span></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;">Europe</td> <td style="height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td id="xdx_98F_eus-gaap--NetIncomeLoss_c20230101__20231231__srt--StatementGeographicalAxis__srt--EuropeMember_zvcTipW4V7Va" style="text-align: right; height: 15px; box-shadow: none; background-color: #cceeff;"><span>36,524</span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td id="xdx_98E_eus-gaap--NetIncomeLoss_c20220101__20221231__srt--StatementGeographicalAxis__srt--EuropeMember_zwGsoRmGpaDj" style="text-align: right; height: 15px; box-shadow: none; background-color: #cceeff;"><span>35,209</span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; padding-bottom: 1pt; height: 15px; box-shadow: none;">Eliminations</td> <td style="padding-bottom: 1pt; height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"></td> <td id="xdx_98F_eus-gaap--NetIncomeLoss_c20230101__20231231__srt--StatementGeographicalAxis__custom--EliminationsMember_zl2yHhYyJxD6" style="text-align: right; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"><span>(1,580</span></td> <td style="padding: 0px 0px 0.5px; text-align: left; height: 15px; box-shadow: none;">)</td> <td style="padding-bottom: 1pt; height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"></td> <td id="xdx_98D_eus-gaap--NetIncomeLoss_c20220101__20221231__srt--StatementGeographicalAxis__custom--EliminationsMember_z0VfJ2Ag4hjc" style="text-align: right; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"><span style="border-left: none; border-right: none; line-height: inherit;"><span>(1,385</span></span></td> <td style="padding: 0px 0px 0.5px; text-align: left; height: 15px; box-shadow: none;">)</td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="text-align: left; padding-bottom: 2pt; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="padding-bottom: 2pt; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;">$</td> <td id="xdx_989_eus-gaap--NetIncomeLoss_c20230101__20231231_zAuOw9rd8Xae" style="text-align: right; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;"><span>43,366</span></td> <td style="padding-bottom: 2pt; text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="padding-bottom: 2pt; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;">$</td> <td id="xdx_988_eus-gaap--NetIncomeLoss_c20220101__20221231_zzbSPciPL285" style="text-align: right; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;"><span>42,492</span></td> <td style="padding-bottom: 2pt; text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> </tr> <tr style="vertical-align: bottom; height: 16px;"> <td style="text-align: left; text-indent: -7.75pt; padding-left: 7.75pt; height: 16px; box-shadow: none;">Depreciation and amortization expense:</td> <td style="height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> <td style="text-align: right; height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> <td style="height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> <td style="text-align: right; height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;">United States</td> <td style="height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;">$</td> <td id="xdx_986_eus-gaap--DepreciationAndAmortization_c20230101__20231231__srt--StatementGeographicalAxis__country--US_zexG2AjAkbr3" style="text-align: right; height: 15px; box-shadow: none; background-color: #cceeff;"><span>1,478</span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;">$</td> <td id="xdx_988_eus-gaap--DepreciationAndAmortization_c20220101__20221231__srt--StatementGeographicalAxis__country--US_zxhwzryI3gzj" style="text-align: right; height: 15px; box-shadow: none; background-color: #cceeff;"><span>1,680</span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> </tr> <tr style="vertical-align: bottom; height: 16px;"> <td style="text-align: left; padding-bottom: 1pt; height: 16px; box-shadow: none;">Europe</td> <td style="padding-bottom: 1pt; height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"></td> <td id="xdx_986_eus-gaap--DepreciationAndAmortization_c20230101__20231231__srt--StatementGeographicalAxis__srt--EuropeMember_zXq96dyrtpz8" style="text-align: right; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"><span>4,321</span></td> <td style="padding-bottom: 1pt; text-align: left; height: 16px; box-shadow: none;"></td> <td style="padding-bottom: 1pt; height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"></td> <td id="xdx_98A_eus-gaap--DepreciationAndAmortization_c20220101__20221231__srt--StatementGeographicalAxis__srt--EuropeMember_z8SIJJxX5Mtc" style="text-align: right; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important;"><span>4,247</span></td> <td style="padding-bottom: 1pt; text-align: left; height: 16px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="text-align: left; padding-bottom: 2pt; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="padding-bottom: 2pt; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;">$</td> <td id="xdx_98C_eus-gaap--DepreciationAndAmortization_c20230101__20231231_zuNOtwEhRJe9" style="text-align: right; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;"><span>5,799</span></td> <td style="padding-bottom: 2pt; text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="padding-bottom: 2pt; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;">$</td> <td id="xdx_98F_eus-gaap--DepreciationAndAmortization_c20220101__20221231_zoPnimHBj1o7" style="text-align: right; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;"><span>5,927</span></td> <td style="padding-bottom: 2pt; text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> </tr> <tr style="vertical-align: bottom; height: 16px;"> <td style="text-align: left; height: 16px; box-shadow: none;">Interest and investment (income) loss:</td> <td style="height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> <td style="text-align: right; height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> <td style="height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> <td style="text-align: right; height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;">United States</td> <td style="height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;">$</td> <td id="xdx_98A_eus-gaap--InvestmentIncomeInterestAndDividend_c20230101__20231231__srt--StatementGeographicalAxis__country--US_zZfzqPr9Uuh7" style="text-align: right; height: 15px; box-shadow: none; background-color: #cceeff;"><span>365</span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;">$</td> <td id="xdx_985_eus-gaap--InvestmentIncomeInterestAndDividend_c20220101__20221231__srt--StatementGeographicalAxis__country--US_zyVaxwbEJKc4" style="text-align: right; height: 15px; box-shadow: none; background-color: #cceeff;"><span>232</span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; height: 15px; box-shadow: none;">Europe</td> <td style="height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td id="xdx_982_eus-gaap--InvestmentIncomeInterestAndDividend_c20230101__20231231__srt--StatementGeographicalAxis__srt--EuropeMember_zUeaUafFzLLb" style="text-align: right; height: 15px; box-shadow: none;"><span>1,953</span></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td style="height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td id="xdx_98C_eus-gaap--InvestmentIncomeInterestAndDividend_c20220101__20221231__srt--StatementGeographicalAxis__srt--EuropeMember_zIeJkbviViYa" style="text-align: right; height: 15px; box-shadow: none;"><span>349</span></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="text-align: left; padding-bottom: 2pt; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="padding-bottom: 2pt; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;">$</td> <td id="xdx_986_eus-gaap--InvestmentIncomeInterestAndDividend_c20230101__20231231_z08u468p5AOh" style="text-align: right; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;"><span>2,318</span></td> <td style="padding-bottom: 2pt; text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="padding-bottom: 2pt; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;">$</td> <td id="xdx_986_eus-gaap--InvestmentIncomeInterestAndDividend_c20220101__20221231_zaeF94aLwJd5" style="text-align: right; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;"><span>581</span></td> <td style="padding-bottom: 2pt; text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> </tr> <tr style="vertical-align: bottom; height: 16px;"> <td style="text-align: left; height: 16px; box-shadow: none;">Interest expense:</td> <td style="height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> <td style="text-align: right; height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> <td style="height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> <td style="text-align: right; height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 16px; background-color: #cceeff;"> <td style="text-align: left; height: 16px; box-shadow: none; background-color: #cceeff;">United States</td> <td style="height: 16px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 16px; box-shadow: none; background-color: #cceeff;">$</td> <td id="xdx_986_eus-gaap--InterestExpense_c20230101__20231231__srt--StatementGeographicalAxis__country--US_zQV9XqXkRcEb" style="text-align: right; height: 16px; box-shadow: none; background-color: #cceeff;"><span>116</span></td> <td style="text-align: left; height: 16px; box-shadow: none; background-color: #cceeff;"></td> <td style="height: 16px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 16px; box-shadow: none; background-color: #cceeff;">$</td> <td id="xdx_980_eus-gaap--InterestExpense_c20220101__20221231__srt--StatementGeographicalAxis__country--US_zC4nD6HydPKb" style="text-align: right; height: 16px; box-shadow: none; background-color: #cceeff;"><span>210</span></td> <td style="text-align: left; height: 16px; box-shadow: none; background-color: #cceeff;"></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; height: 15px; box-shadow: none;">Europe</td> <td style="height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td id="xdx_983_eus-gaap--InterestExpense_c20230101__20231231__srt--StatementGeographicalAxis__srt--EuropeMember_zk2H0OUt8E39" style="text-align: right; height: 15px; box-shadow: none;"><span>1,318</span></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td style="height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td id="xdx_98F_eus-gaap--InterestExpense_c20220101__20221231__srt--StatementGeographicalAxis__srt--EuropeMember_zzWzopt0yVQi" style="text-align: right; height: 15px; box-shadow: none;"><span>1,335</span></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="text-align: left; padding-bottom: 2pt; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="padding-bottom: 2pt; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;">$</td> <td id="xdx_987_eus-gaap--InterestExpense_c20230101__20231231_zICCoGrPRaE1" style="text-align: right; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;"><span>1,434</span></td> <td style="padding-bottom: 2pt; text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="padding-bottom: 2pt; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;">$</td> <td id="xdx_98A_eus-gaap--InterestExpense_c20220101__20221231_zcuUU5zoYnbe" style="text-align: right; height: 15px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;"><span>1,545</span></td> <td style="padding-bottom: 2pt; text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> </tr> <tr style="vertical-align: bottom; height: 16px;"> <td style="text-align: left; height: 16px; box-shadow: none;">Income tax expense:</td> <td style="height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> <td style="text-align: right; height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> <td style="height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> <td style="text-align: right; height: 16px; box-shadow: none;"></td> <td style="text-align: left; height: 16px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;">United States</td> <td style="height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;">$</td> <td id="xdx_98A_eus-gaap--IncomeTaxExpenseBenefit_c20230101__20231231__srt--StatementGeographicalAxis__country--US_zoUGzXnrbAwc" style="text-align: right; height: 15px; box-shadow: none; background-color: #cceeff;"><span>1,666</span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;">$</td> <td id="xdx_98A_eus-gaap--IncomeTaxExpenseBenefit_c20220101__20221231__srt--StatementGeographicalAxis__country--US_zcaQzCXtGQoj" style="text-align: right; height: 15px; box-shadow: none; background-color: #cceeff;"><span>1,712</span></td> <td style="text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;"></td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: left; height: 15px; box-shadow: none;">Europe</td> <td style="height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td id="xdx_98F_eus-gaap--IncomeTaxExpenseBenefit_c20230101__20231231__srt--StatementGeographicalAxis__srt--EuropeMember_z1WxCGKXwdjb" style="text-align: right; height: 15px; box-shadow: none;"><span>16,959</span></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td style="height: 15px; box-shadow: none;"></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> <td id="xdx_987_eus-gaap--IncomeTaxExpenseBenefit_c20220101__20221231__srt--StatementGeographicalAxis__srt--EuropeMember_zYMXuuFB9Cx" style="text-align: right; height: 15px; box-shadow: none;"><span>16,449</span></td> <td style="text-align: left; height: 15px; box-shadow: none;"></td> </tr> <tr style="vertical-align: bottom; height: 15px; background-color: #cceeff;"> <td style="text-align: left; padding-bottom: 1pt; height: 15px; box-shadow: none; background-color: #cceeff;">Eliminations</td> <td style="padding-bottom: 1pt; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;"></td> <td id="xdx_98E_eus-gaap--IncomeTaxExpenseBenefit_c20230101__20231231__srt--StatementGeographicalAxis__custom--EliminationsMember_zjHe8WqHya97" style="text-align: right; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;"><span>(122</span></td> <td style="padding: 0px 0px 0.5px; text-align: left; height: 15px; box-shadow: none; background-color: #cceeff;">)</td> <td style="padding-bottom: 1pt; height: 15px; box-shadow: none; background-color: #cceeff;"></td> <td style="text-align: left; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;"></td> <td id="xdx_981_eus-gaap--IncomeTaxExpenseBenefit_c20220101__20221231__srt--StatementGeographicalAxis__custom--EliminationsMember_zc9Mgx7IFg8g" style="text-align: right; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: black !important; background-color: #cceeff;"><span style="border-left: none; border-right: none; line-height: inherit;"><span>(153</span></span></td> <td style="padding: 0px 0px 0.5px; text-align: left; height: 15px; vertical-align: middle; box-shadow: none; background-color: #cceeff;" valign="middle">)</td> </tr> <tr style="vertical-align: bottom; height: 10px;"> <td style="text-align: left; padding-bottom: 2pt; height: 10px; box-shadow: none;"></td> <td style="padding-bottom: 2pt; height: 10px; box-shadow: none;"></td> <td style="text-align: left; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important;">$</td> <td id="xdx_98F_eus-gaap--IncomeTaxExpenseBenefit_c20230101__20231231_zz0htWnAo2f" style="text-align: right; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important;"><span>18,503</span></td> <td style="padding-bottom: 2pt; text-align: left; height: 10px; box-shadow: none;"></td> <td style="padding-bottom: 2pt; height: 10px; box-shadow: none;"></td> <td style="text-align: left; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important;">$</td> <td id="xdx_98A_eus-gaap--IncomeTaxExpenseBenefit_c20220101__20221231_zHlspBzK4Xwc" style="text-align: right; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; box-shadow: none; border-bottom-color: black !important;"><span>18,008</span></td> <td style="padding-bottom: 2pt; text-align: left; height: 10px; box-shadow: none;"></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="text-align: left; padding-bottom: 2pt; height: 16px; margin-left: 0.1px; box-shadow: none; background-color: #cceeff;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Additions to long-lived assets(a):</span></td> <td style="padding-bottom: 2pt; height: 16px; margin-left: 0.1px; box-shadow: none; background-color: #cceeff;"><br/></td> <td style="text-align: left; height: 16px; margin-left: 0.1px; box-shadow: none; background-color: #cceeff;"><br/></td> <td style="text-align: right; height: 16px; margin-left: 0.1px; box-shadow: none; background-color: #cceeff;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; margin-left: 0.1px; box-shadow: none; background-color: #cceeff;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; margin-left: 0.1px; box-shadow: none; background-color: #cceeff;"><br/></td> <td style="text-align: left; height: 16px; margin-left: 0.1px; box-shadow: none; background-color: #cceeff;"><br/></td> <td style="text-align: right; height: 16px; margin-left: 0.1px; box-shadow: none; background-color: #cceeff;"><br/></td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; margin-left: 0.1px; box-shadow: none; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 16px;"> <td style="text-align: left; padding-bottom: 2pt; height: 16px; margin-left: 0.1px; box-shadow: none;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">United States</span></td> <td style="padding-bottom: 2pt; height: 16px; margin-left: 0.1px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; margin-left: 0.1px; vertical-align: bottom; box-shadow: none;" valign="bottom">$</td> <td style="text-align: right; height: 16px; margin-left: 0.1px; box-shadow: none;"> <p>1,408</p> </td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; margin-left: 0.1px; box-shadow: none;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; margin-left: 0.1px; box-shadow: none;"><br/></td> <td style="text-align: left; height: 16px; margin-left: 0.1px; vertical-align: bottom; box-shadow: none;" valign="bottom">$</td> <td style="text-align: right; height: 16px; margin-left: 0.1px; box-shadow: none;">170</td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; margin-left: 0.1px; box-shadow: none;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="text-align: left; padding-bottom: 2pt; height: 16px; margin-left: 0.1px; box-shadow: none; background-color: #cceeff;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Europe</span></td> <td style="padding-bottom: 2pt; height: 16px; margin-left: 0.1px; box-shadow: none; background-color: #cceeff;"><br/></td> <td style="text-align: left; height: 16px; margin-left: 0.1px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="text-align: right; height: 16px; margin-left: 0.1px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: #000000 !important; background-color: #cceeff;">1,730</td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; margin-left: 0.1px; box-shadow: none; background-color: #cceeff;"><br/></td> <td style="padding-bottom: 2pt; height: 16px; margin-left: 0.1px; box-shadow: none; background-color: #cceeff;"><br/></td> <td style="text-align: left; height: 16px; margin-left: 0.1px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="text-align: right; height: 16px; margin-left: 0.1px; border-bottom-width: 1pt; border-bottom-style: solid; box-shadow: none; border-bottom-color: #000000 !important; background-color: #cceeff;">23,765</td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; margin-left: 0.1px; box-shadow: none; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 16px;"> <td style="text-align: left; padding-bottom: 2pt; height: 16px; margin-left: 0.1px; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="padding-bottom: 2pt; height: 16px; margin-left: 0.1px; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; margin-left: 0.1px; border-bottom-width: 2.25pt; border-bottom-style: double; vertical-align: bottom; box-shadow: none; border-bottom-color: #000000 !important;" valign="bottom">$</td> <td style="text-align: right; height: 16px; margin-left: 0.1px; border-bottom-width: 2.25pt; border-bottom-style: double; vertical-align: bottom; box-shadow: none; border-bottom-color: #000000 !important;" valign="bottom">3,138</td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; margin-left: 0.1px; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="padding-bottom: 2pt; height: 16px; margin-left: 0.1px; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> <td style="text-align: left; height: 16px; margin-left: 0.1px; border-bottom-width: 2.25pt; border-bottom-style: double; vertical-align: bottom; box-shadow: none; border-bottom-color: #000000 !important;" valign="bottom">$</td> <td style="text-align: right; height: 16px; margin-left: 0.1px; border-bottom-width: 2.25pt; border-bottom-style: double; vertical-align: bottom; box-shadow: none; border-bottom-color: #000000 !important;" valign="bottom">23,935</td> <td style="padding-bottom: 2pt; text-align: left; height: 16px; margin-left: 0.1px; vertical-align: bottom; box-shadow: none;" valign="bottom"><br/></td> </tr> </tbody> </table> </div> <p style="font: 10pt / 1.2 'Times New Roman', Times, serif; margin: 0pt 0px 0pt 0.5in; text-align: justify;"><br/></p> <p style="font: 10pt 'Times New Roman', Times, serif; margin: 0pt 0pt 10pt 36pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: inherit;"> <span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(a)</span> <span style="border-right: none; border-left: none;"><span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Total long-lived assets include property, equipment and leasehold improvements, trademarks, licenses, and other intangible assets, and right-of-use assets.</span></span></span></p> <div id="t_ft_NFVKXOR4XC00000000000000000000b"> <table cellpadding="0" cellspacing="0" style="height: 82px; width: 90%; border: 1px none #bbbbbb; font: 10pt 'times new roman'; border-collapse: collapse; margin-left: 47px; margin-right: auto;"> <tbody> <tr style="vertical-align: bottom; height: 10px;"> <td style="height: 10px; box-shadow: none;"> </td> <td style="height: 10px; box-shadow: none;"> </td> <td colspan="2" style="text-align: center; height: 10px; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;"><span id="fs_7OQEJ9A0Z400000000000000000000FM" style="line-height: inherit;">March 31,</span></span></td> <td style="height: 10px; box-shadow: none;"> </td> <td style="height: 10px; box-shadow: none;"> </td> <td colspan="2" style="text-align: center; height: 10px; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;"><span id="fs_3X67EODSQ800000000000000000000FM" style="line-height: inherit;">December 31,</span></span></td> <td style="height: 10px; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; height: 10px;"> <td style="text-align: justify; height: 10px; box-shadow: none;"> </td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"> </td> <td colspan="2" style="text-align: center; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;"><span id="fs_ZM398PD77400000000000000000000FM" style="line-height: inherit;">2026</span></span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"> </td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"> </td> <td colspan="2" style="text-align: center; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"><span style="font-weight: bold; line-height: inherit;"><span id="fs_LHTD2LFZ1C00000000000000000000FM" style="line-height: inherit;">2025</span></span></td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 12px;"> <td style="text-align: justify; height: 12px; box-shadow: none; width: 64%;">Total Assets:</td> <td style="height: 12px; box-shadow: none; width: 1%;"> </td> <td style="text-align: left; height: 12px; box-shadow: none; width: 1%;"> </td> <td style="text-align: right; height: 12px; box-shadow: none; width: 10%;"> </td> <td style="text-align: left; height: 12px; box-shadow: none; width: 1%;"> </td> <td style="height: 12px; box-shadow: none; width: 1%;"> </td> <td style="text-align: left; height: 12px; box-shadow: none; width: 1%;"> </td> <td style="text-align: right; height: 12px; box-shadow: none; width: 10%;"> </td> <td style="text-align: left; height: 12px; box-shadow: none; width: 1%;"> </td> </tr> <tr style="vertical-align: bottom; height: 15px;"> <td style="text-align: justify; padding-left: 0.125in; height: 15px; box-shadow: none;">United States</td> <td style="height: 15px; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; box-shadow: none;">$</td> <td id="xdx_98B_eus-gaap--Assets_iI_pn3n3_c20240331__srt--StatementGeographicalAxis__country--US_zvKTGEu2Muwh" style="text-align: right; height: 15px; padding: 0px; box-shadow: none;">345,267</td> <td style="text-align: left; height: 15px; padding: 0px; box-shadow: none;"> </td> <td style="height: 15px; padding: 0px; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; padding: 0px; box-shadow: none;">$</td> <td id="xdx_988_eus-gaap--Assets_iI_pn3n3_c20230331__srt--StatementGeographicalAxis__country--US_zXON2zLBdSUc" style="text-align: right; height: 15px; padding: 0px; box-shadow: none;">369,871</td> <td style="text-align: left; height: 15px; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 15px;"> <td style="text-align: justify; padding-left: 0.125in; height: 15px; box-shadow: none;">Europe</td> <td style="height: 15px; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; box-shadow: none;"> </td> <td id="xdx_98E_eus-gaap--Assets_iI_pn3n3_c20240331__srt--StatementGeographicalAxis__srt--EuropeMember_z0p4cm1bWyMe" style="text-align: right; height: 15px; padding: 0px; box-shadow: none;">1,212,956</td> <td style="text-align: left; height: 15px; padding: 0px; box-shadow: none;"> </td> <td style="height: 15px; padding: 0px; box-shadow: none;"> </td> <td style="text-align: left; height: 15px; padding: 0px; box-shadow: none;"> </td> <td id="xdx_983_eus-gaap--Assets_iI_pn3n3_c20230331__srt--StatementGeographicalAxis__srt--EuropeMember_zPVPUfkn5Uih" style="text-align: right; height: 15px; padding: 0px; box-shadow: none;">1,229,174</td> <td style="text-align: left; height: 15px; box-shadow: none;"> </td> </tr> <tr style="vertical-align: bottom; height: 10px;"> <td style="text-align: justify; padding-bottom: 1pt; padding-left: 0.125in; height: 10px; box-shadow: none;">Eliminations</td> <td style="padding-bottom: 1pt; height: 10px; box-shadow: none;"> </td> <td style="text-align: left; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"> </td> <td id="xdx_989_eus-gaap--Assets_iI_pn3n3_c20240331__srt--StatementGeographicalAxis__custom--EliminationsMember_zx1IYCJnOj66" style="text-align: right; height: 10px; padding: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;">(15,440</td> <td style="padding: 0px 0px 0.5px; text-align: left; height: 10px; box-shadow: none;">)</td> <td style="padding: 0px; height: 10px; box-shadow: none;"> </td> <td style="text-align: left; height: 10px; padding: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;"> </td> <td id="xdx_987_eus-gaap--Assets_iI_pn3n3_c20230331__srt--StatementGeographicalAxis__custom--EliminationsMember_zNO3u8fR1Qxi" style="text-align: right; height: 10px; padding: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black !important; box-shadow: none;">(13,797</td> <td style="padding: 0px 0px 0.5px; text-align: left; height: 10px; box-shadow: none;">)</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff; height: 10px;"> <td style="text-align: justify; padding-bottom: 2.5pt; height: 10px; box-shadow: none;"> <p style="margin: 0px; text-indent: 0px;"> <br/></p> </td> <td style="padding-bottom: 2.5pt; height: 10px; box-shadow: none;"> </td> <td style="text-align: left; height: 10px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black !important; box-shadow: none;">$</td> <td id="xdx_98B_eus-gaap--Assets_iI_pn3n3_c20240331_zE2doCrid6nl" style="text-align: right; height: 10px; padding: 0px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black !important; box-shadow: none;">1,542,783</td> <td style="padding: 0px; text-align: left; height: 10px; box-shadow: none;"> </td> <td style="padding: 0px; height: 10px; box-shadow: none;"> </td> <td style="text-align: left; height: 10px; padding: 0px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black !important; box-shadow: none;">$</td> <td id="xdx_98E_eus-gaap--Assets_iI_pn3n3_c20230331_z84Quq2P05Xl" style="text-align: right; height: 10px; padding: 0px; border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black !important; box-shadow: none;">1,585,248</td> <td style="padding-bottom: 2.5pt; text-align: left; height: 10px; vertical-align: bottom; box-shadow: none;" valign="bottom"> </td> </tr> </tbody> </table> </div> </div> </div> </div> 96136000 252217000 348353000 0 -3468000 -3468000 96136000 248749000 344885000 39487000 82120000 0 -1361000 56649000 167990000 224639000 14916000 36661000 13494000 19867000 8454000 23452000 9190000 24471000 10595000 63539000 74134000 1434000 -102000 2318000 290000 75206000 94345000 247826000 342171000 0 -3352000 -3352000 94345000 244474000 338819000 38966000 85382000 0 -1506000 55379000 160598000 215977000 15388000 36140000 13865000 18188000 7038000 21023000 8627000 20631000 10461000 64616000 75077000 1545000 -781000 581000 79000 73411000 8422000 8668000 36524000 35209000 -1580000 -1385000 43366000 42492000 1478000 1680000 4321000 4247000 5799000 5927000 365000 232000 1953000 349000 2318000 581000 116000 210000 1318000 1335000 1434000 1545000 1666000 1712000 16959000 16449000 -122000 -153000 18503000 18008000 1408000 170000 1730000 23765000 3138000 23935000 345267000 369871000 1212956000 1229174000 -15440000 -13797000 1542783000 1585248000 Eliminations of intercompany sales relate to European based operations products sold to United States based operations. The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Other segment items for each reportable segment include expenses for professional services, travel and entertainment, rent, warehousing, shipping, depreciation and amortization, and other selling, general and administrative costs. Total long-lived assets include property, equipment and leasehold improvements, trademarks, licenses, and other intangible assets, and right-of-use assets.