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Net Income Attributable to Inter Parfums, Inc. Common Shareholders
 9 Months Ended
Sep. 30, 2013
Net Income Attributable to Inter Parfums, Inc. Common Shareholders [Abstract]  
Net Income Attributable to Inter Parfums, Inc. Common Shareholders
10. 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 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,  
    2013     2012     2013     2012  
Numerator:                                
Net income attributable to Inter Parfums, Inc.   $ 7,854     $ 10,018     $ 43,365     $ 31,523  
Effect of dilutive securities of consolidated subsidiary     -       (31 )     (176 )     (31 )
Numerator for diluted earnings per share   $ 7,854     $ 9,987     $ 43,189     $ 31,492  
Denominator:                                
Weighted average shares     30,796       30,570       30,743       30,561  
Effect of dilutive securities:                                
Stock options     190       147       185       136  
Denominator for diluted earnings per share     30,986       30,717       30,928       30,697  
                                 
Earnings per share:                                
Net income attributable to Inter Parfums, Inc. common shareholders:                                
Basic   $ 0.26     $ 0.33     $ 1.41     $ 1.03  
Diluted     0.25       0.33       1.40       1.03  

 

Not included in the above computations is the effect of antidilutive potential common shares which consist of outstanding options to purchase 0.04 million shares of common stock for the nine month periods ended September 30, 2013, and 0.23 million shares of common stock for both the three and nine month periods ended September 30, 2012.