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Equity (Tables)
12 Months Ended
Dec. 31, 2023
Equity:  
The following table sets forth information with respect to nonvested options for 2023:

The following table sets forth information with respect to nonvested options for 2023:

 

   Number of Shares   Weighted Average Grant Date Fair Value 
Nonvested options – beginning of year   168,730   $16.31 
Nonvested options granted   47,500   $35.08 
Nonvested options vested or forfeited   (94,130)  $15.19 
Nonvested options – end of year   122,100   $24.47 
The effect of share-based payment expenses decreased income statement line items as follows:

The effect of share-based payment expenses decreased income statement line items as follows:

 

   Year Ended December 31, 
   2023   2022   2021 
Income before income taxes  $2,525   $3,143   $2,850 
Net income attributable to Inter Parfums, Inc.   1,700    2,036    1,880 
Diluted earnings per share attributable to Inter Parfums, Inc.   0.05    0.06    0.06 
The following table summarizes stock option activity and related information for the years ended December 31, 2023, 2022 and 2021:

The following table summarizes stock option activity and related information for the years ended December 31, 2023, 2022 and 2021:

 

   Year ended December 31, 
   2023   2022   2021 
   Options   Weighted
Average
Exercise
Price
   Options   Weighted
Average
Exercise
Price
   Options   Weighted
Average
Exercise
Price
 
Shares under option -beginning of year   441,580   $67.30    524,900   $57.58    713,210   $52.74 
Options granted   47,500    147.71    62,000    97.84    9,000    62.18 
Options exercised   (154,220)   52.04    (136,880)   43.86    (156,490)   34.46 
Options forfeited   (25,890)   76.32    (8,440)   67.65    (40,820)   62.57 
Shares under option -
end of year
   308,970    86.52    441,580    67.30    524,900    57.58 

The assumptions used in the Black-Scholes pricing model are set forth in the following table:

The assumptions used in the Black-Scholes pricing model are set forth in the following table:

 

                     
   Year Ended December 31, 
   2023   2022   2021 
Weighted-average expected stock-price volatility   29%   26%   25%
Weighted-average expected option life   4.0 years    4.0 years    5.0 years 
Weighted-average risk-free interest rate   3.8%   4.0%   0.4%
Weighted-average dividend yield   2.0%   2.4%   1.6%
Proceeds, tax benefits and intrinsic value related to stock options exercised were as follows:

Proceeds, tax benefits and intrinsic value related to stock options exercised were as follows: 

 

                     
   Year Ended December 31, 
   2023   2022   2021 
Proceeds from stock options exercised  $8,025   $6,003   $5,393 
Tax benefits  $1,150   $800   $1,300 
Intrinsic value of stock options exercised  $11,578   $6,760   $7,800 
The following table summarizes additional stock option information as of December 31, 2023:

The following table summarizes additional stock option information as of December 31, 2023:

 


Exercise prices
 


Options

outstanding

 

Options outstanding

weighted average remaining
contractual life

 


Options

exercisable

$62.18 - $69.11   100,680   1.05 years   96,180
$73.09   104,790   2.00 years   79,490
$97.84   56,000   5.00 years   11,200
$147.71   47,500   6.00 years  
Totals   308,970   2.85 years   186,870