Net Income Attributable to Inter Parfums, Inc. Common Shareholders

9 Months Ended

Sep. 30, 2015

Net Income Attributable to Inter Parfums, Inc. Common Shareholders [Abstract]

Net Income Attributable to Inter Parfums, Inc. Common Shareholders

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:

(In thousands)	Three months ended September 30,					Nine months ended September 30,
		2015		2014		2015		2014
Numerator:
Net income attributable to Inter Parfums, Inc.		$	14,220	$	11,113	$	28,578	$	26,115
Effect of dilutive securities of consolidated subsidiary			—		—		—		—
Numerator for diluted earnings per share		$	14,220	$	11,113	$	28,578	$	26,115
Denominator:
Weighted average shares			31,005		30,941		30,991		30,927
Effect of dilutive securities:
Stock options			93		113		101		133
Denominator for diluted earnings per share			31,098		31,054		31,092		31,060

Earnings per share:
Net income attributable to Inter Parfums, Inc. common shareholders:
Basic		$	0.46	$	0.36	$	0.92	$	0.84
Diluted			0.46		0.36		0.92		0.84

Not included in the above computations is the effect of antidilutive potential common shares which consist of outstanding options to purchase 0.27 million shares and 0.13 million shares of common stock for the nine months ended September 30, 2015 and 2014, respectively, and 0.27 million and 0.13 million shares of common stock for the three months ended September 30, 2015 and 2014, respectively.