Net Income Attributable to Inter Parfums Inc Common Shareholders

9 Months Ended

Sep. 30, 2014

Net Income Attributable to Inter Parfums, Inc. Common Shareholders [Abstract]

Net Income Attributable to Inter Parfums, Inc. Common Shareholders

9. Net Income Attributable to Inter Parfums, Inc. Common Shareholders:

Net income attributable to Inter Parfums, Inc. per common share (“basic EPS”) is computed by dividing net earnings attributable to Inter Parfums, Inc. by the weighted-average number of shares outstanding. Net earnings attributable to Inter Parfums, 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.

The reconciliation between the numerators and denominators of the basic and diluted EPS computations is as follows:

	Three months ended				Nine months ended
(In thousands)	September 30,				September 30,
	2014		2013			2014		2013
Numerator :
Net income attributable to Inter Parfums, Inc.	$	11,113	$	7,854		$	26,115	$	43,365
Effect of dilutive securities of consolidated subsidiary		—		—			—		(176	)
Numerator for dilutedearnings per share	$	11,113	$	7,854		$	26,115	$	43,189
Denominator:
Weighted average shares		30,941		30,796			30,927		30,743
Effect of dilutive securities:
Stock options		113		190			133		185
Denominator for diluted earnings per share		31,054		30,986			31,060		30,928
Earning per share:
Net income attributable to Inter Parfums, Inc. common shareholders:
Basic	$	0.36	$	0.26		$	0.84	$	1.41
Diluted		0.36		0.25			0.84		1.40

Not included in the above computations is the effect of antidilutive potential common shares which consist of outstanding options to purchase 0.13 million shares and 0.04 million shares of common stock for the nine months ended September 30, 2014 and 2013, respectively, and 0.13 million shares of common stock for the three months ended September 30, 2014.