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Net Income Attributable to Inter Parfums, Inc. Common Shareholders
 12 Months Ended
Dec. 31, 2011
Net Income Attributable to Inter Parfums, Inc. Common Shareholders
(13) 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 and warrants using the treasury stock method. The reconciliation between the numerators and denominators of the basic and diluted EPS computations is as follows:

 

    Year ended December 31,  
    2011     2010     2009  
                   
Numerator:                        
Net income attributable to Inter Parfums, Inc.   $ 32,303     $ 26,593     $ 22,367  
Effect of dilutive securities of consolidated subsidiary     (82 )     (86 )     (18 )
Numerator for diluted earnings per share   $ 32,221     $ 26,507     $ 22,349  
                         
Denominator:                        
Weighted average shares     30,514,529       30,360,602       30,099,998  
Effect of dilutive securities:                        
Stock options and warrants     163,296       121,389       21,079  
Denominator for diluted earnings per share     30,677,825       30,481,991       30,121,077  
                         
Earnings per share:                        
Net income attributable to Inter Parfums, Inc.                        
common shareholders:                        
Basic   $ 1.06     $ 0.88     $ 0.74  
Diluted     1.05       0.87       0.74  

 

Not included in the above computations is the effect of anti-dilutive potential common shares which consist of outstanding options to purchase 118,000, 154,000, and 889,000 shares of common stock for 2011, 2010, and 2009, respectively, and outstanding warrants to purchase 81,000 and 300,000 shares of common stock for 2010 and 2009, respectively.