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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Net sales $ 111,522 $ 109,249
Cost of sales 40,205 41,639
Gross margin 71,317 67,610
Selling, general and administrative expenses 53,786 46,544
Income from operations 17,531 21,066
Other expenses (income):    
Interest expense 973 158
Loss on foreign currency 714 2,006
Interest and dividend income (1,354) (1,196)
Other expenses (income) 333 968
Income before income taxes 17,198 20,098
Income taxes 7,750 6,793
Net income 9,448 13,305
Less: Net income attributable to the noncontrolling interest 2,114 3,298
Net income attributable to Inter Parfums, Inc. $ 7,334 $ 10,007
Net income attributable to Inter Parfums, Inc. common shareholders:    
Basic $ 0.24 $ 0.32
Diluted $ 0.24 $ 0.32
Weighted average number of shares outstanding:    
Basic 31,039 30,979
Diluted 31,104 31,072
Dividends declared per share $ 0.15 $ 0.13