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Net Income Attributable to Inter Parfums, Inc. Common Shareholders
 3 Months Ended
Mar. 31, 2012
Net Income Attributable to Inter Parfums, Inc. Common Shareholders
9. 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 earnings attributable to Inter Parfums, Inc. by the weighted-average number of shares outstanding. Net earnings 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:

 

    Three months ended  
(In thousands)   March 31,  
    2012     2011  
Numerator:                
Net income attributable to Inter Parfums, Inc.   $ 15,497     $ 12,759  
Effect of dilutive securities of consolidated subsidiary     —       (54 )
Numerator for diluted earnings per share   $ 15,497     $ 12,705  
Denominator:                
Weighted average shares     30,551       30,474  
Effect of dilutive securities:                
Stock options and warrants     135       160  
Denominator for diluted earnings per share     30,686       30,634  
                 
Earnings per share:                
Net income attributable to Inter Parfums, Inc. common shareholders:                
Basic   $ 0.51     $ 0.42  
Diluted     0.51       0.41  

 

Not included in the above computations is the effect of antidilutive potential common shares which consist of outstanding options to purchase 0.23 million and 0.12 million shares of common stock for the three month periods ended March 31, 2012 and 2011, respectively.