Net Income Attributable to Inter Parfums, Inc. Common Shareholders

9 Months Ended

Sep. 30, 2017

Earnings per share:

Net Income Attributable to Inter Parfums, Inc. Common Shareholders

8. 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
(In thousands)	September 30,				September 30,
	2017		2016		2017		2016
Numerator:
Net income attributable to Inter Parfums, Inc.	$	17,077	$	16,239	$	37,194	$	29,404
Denominator:
Weighted average shares		31,175		31,080		31,163		31,058
Effect of dilutive securities:
Stock options		132		91		118		80
Denominator for diluted earnings per share		31,307		31,171		31,281		31,138
Earnings per share:
Net income attributable to Inter Parfums, Inc. common shareholders:
Basic	$	0.55	$	0.52	$	1.19	$	0.95
Diluted		0.55		0.52		1.19		0.94

Not included in the above computations is the effect of antidilutive potential common shares which consist of outstanding options to purchase 0.22 million shares and 0.31 million shares of common stock for the nine months ended September 30, 2017 and 2016, respectively, and 0.15 million and 0.25 million shares of common stock for the three months ended September 30, 2017 and 2016, respectively.