Net Income Per Share (Tables)

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Reconciliation of Shares Used in Computation of Basic and Diluted Net Income Per Share

A reconciliation of the shares used in the computation of basic and diluted net income per share is as follows: 

	Three Months Ended September 30,				Nine Months Ended September 30,
(SHARES IN THOUSANDS)	2019		2018		2019		2018
Net Income
Net income attributable to IFF stockholders	$	127,124	$	95,716	$	372,330	$	324,281
Add: Reduction in redemption value of redeemable noncontrolling interests in excess of earnings allocated	1,736		—		1,593		—
Net income available to IFF stockholders	$	128,860	$	95,716	$	373,923	$	324,281
Shares
Weighted average common shares outstanding (basic)(1)	111,998		81,263		111,953		79,783
Adjustment for assumed dilution(2):
Stock options and restricted stock awards	332		267		372		293
SPC portion of TEUs	1,163		117		808		39
Weighted average shares assuming dilution (diluted)	113,493		81,647		113,133		80,115
Net Income per Share
Net income per share - basic	$	1.15	$	1.18	$	3.34	$	4.06
Net income per share - diluted	1.13		1.17		3.30		4.04

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(1) For the three and nine months ended September 30, 2019, the tangible equity units (“TEUs”) were assumed to be outstanding at the minimum settlement amount for weighted-average shares for basic earnings per share. See below for details.

(2) Effect of dilutive securities includes dilution under stock plans and incremental impact of TEUs. See below for details.