Share Based Payments (Tables)

3 Months Ended

Mar. 31, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of nonvested share activity

The following table sets forth information with respect to nonvested options for the three month period ended March 31, 2018:

	Number of Shares			Weighted Average Grant  Date Fair Value
Nonvested options – beginning of period		431,235		$	8.22
Nonvested options granted		12,000		$	10.72
Nonvested options vested or forfeited		(10,605	)	$	7.61
Nonvested options – end of period		432,630		$	8.31

Schedule of stock options, activity

The following table summarizes stock option information as of March 31, 2018:

	Shares			Weighted Average Exercise Price
Outstanding at January 1, 2018		730,980		$	31.92
Options granted		12,000			46.47
Options forfeited		(4,640	)		36.48
Options exercised		(40,785	)		24.59
Outstanding at March 31, 2018		697,555		$	32.57
Options exercisable		264,925		$	27.89
Options available for future grants		922,625

Schedule of cash proceeds received from share-based payment awards

Cash proceeds, tax benefits and intrinsic value related to stock options exercised during the three months ended March 31, 2018 and March 31, 2017 were as follows:

(In thousands)	March 31, 2018		March 31, 2017
Cash proceeds from stock options exercised	$	1,003	$	542
Tax benefits		157		135
Intrinsic value of stock options exercised		897		549

Schedule of valuation assumptions in Black-Scholes pricing

The weighted average fair values of the options granted by Inter Parfums, Inc. during the three months ended March 31, 2018 and 2017 were $10.72 and $7.67 per share, respectively, on the date of grant using the Black-Scholes option pricing model to calculate the fair value of options granted. The assumptions used in the Black-Scholes pricing model for the periods ended March 31, 2018 and 2017 are set forth in the following table:

	March 31, 2018			March 31, 2017
Weighted average expected stock-price volatility		28	%		29	%
Weighted average expected option life		5 years			5 years
Weighted average risk-free interest rate		2.5	%		2.0	%
Weighted average dividend yield		2.0	%		2.1	%