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Net Income Attributable to Inter Parfums, Inc. Common Shareholders
 12 Months Ended
Dec. 31, 2013
Net Income Attributable to Inter Parfums, Inc. Common Shareholders [Abstract]  
Net Income Attributable to Inter Parfums, Inc. Common Shareholders
  (12) 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,  
    2013     2012     2011  
Numerator:                        
Net income attributable to Inter Parfums, Inc.   $ 39,211     $ 131,136     $ 32,303  
Effect of dilutive securities of consolidated subsidiary     -       (168 )     (82 )
Numerator for diluted earnings per share   $ 39,211     $ 130,968     $ 32,221  
Denominator:                        
Weighted average shares     30,763,955       30,574,772       30,514,529  
Effect of dilutive securities:                        
Stock options and warrants     189,927       140,912       163,296  
Denominator for diluted earnings per share     30,953,882       30,715,684       30,677,825  
                         
Earnings per share:                        
Net income attributable to Inter Parfums, Inc. common shareholders:                        
Basic   $ 1.27     $ 4.29     $ 1.06  
Diluted     1.27       4.26       1.05  

 

Not included in the above computations is the effect of anti-dilutive potential common shares which consist of outstanding options to purchase 32,000, 230,000, and 118,000 shares of common stock for 2013, 2012, and 2011, respectively.