Net Income Attributable to Inter Parfums, Inc. Common Shareholders

9 Months Ended

Sep. 30, 2016

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

Earnings Per Share [Text Block]

10. 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,
	2016		2015		2016		2015
Numerator:
Net income attributable to Inter Parfums, Inc.	$	16,239	$	14,220	$	29,404	$	28,578
Denominator:
Weighted average shares		31,080		31,005		31,058		30,991
Effect of dilutive securities:
Stock options		91		93		80		101
Denominator for diluted earnings per share		31,171		31,098		31,138		31,092
Earnings per share:
Net income attributable to Inter Parfums, Inc. common shareholders:
Basic	$	0.52	$	0.46	$	0.95	$	0.92
Diluted		0.52		0.46		0.94		0.92

 

Not included in the above computations is the effect of antidilutive potential common shares which consist of outstanding options to purchase 0.31 million shares and 0.27 million shares of common stock for the nine months ended September 30, 2016 and 2015, respectively, and 0.25 million and 0.27 million shares of common stock for the three months ended September 30, 2016 and 2015, respectively.