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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Net sales $ 157,622 $ 138,944 $ 386,301 $ 350,214
Cost of sales 62,790 53,118 145,723 136,453
Gross margin 94,832 85,826 240,578 213,761
Selling, general and administrative expenses 62,529 58,188 179,285 156,815
Income from operations 32,303 27,638 61,293 56,946
Other expenses (income):        
Interest expense 515 1,041 2,181 1,811
(Gain) loss on foreign currency 334 (336) 388 1,751
Interest income (765) (857) (2,722) (2,829)
Other expenses (income) 84 (152) (153) 733
Income before income taxes 32,219 27,790 61,446 56,213
Income taxes 10,740 9,156 22,790 18,754
Net income 21,479 18,634 38,656 37,459
Less: Net income attributable to the noncontrolling interest 5,240 4,414 9,252 8,881
Net income attributable to Inter Parfums, Inc. $ 16,239 $ 14,220 $ 29,404 $ 28,578
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
Weighted average number of shares outstanding:        
Basic 31,080 31,005 31,058 30,991
Diluted 31,171 31,098 31,138 31,092
Dividends declared per share $ 0.15 $ 0.13 $ 0.45 $ 0.39