Net Income Attributable to Inter Parfums, Inc. Common Shareholders

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Net Income Attributable to Inter Parfums, Inc. Common Shareholders

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 income attributable to Inter Parfums, Inc. by the weighted average number of shares outstanding. Net income 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
	September 30,				September 30,
(In thousands)	2020		2019		2020		2019
Numerator:
Net income attributable to Inter Parfums, Inc.	$	16,538	$	20,848	$	23,480	$	52,059
Denominator:
Weighted average shares		31,533		31,452		31,531		31,444
Effect of dilutive securities:
Stock options		86		224		120		237
Denominator for diluted earnings per share		31,619		31,676		31,651		31,681
Earnings per share:
Net income attributable to Inter Parfums, Inc.
common shareholders:
Basic	$	0.52	$	0.66	$	0.74	$	1.66
Diluted		0.52		0.66		0.74		1.64

Not included in the above computations are the effect of antidilutive potential common shares which consist of outstanding options to purchase 0.52 and 0.47 million shares of common stock for both the three and nine months ended September 30, 2020, as compared to 0.18 million shares of common stock for the three and nine months ended September 30, 2019.