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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Net sales $ 143,058 $ 111,522
Cost of sales 52,988 40,205
Gross margin 90,070 71,317
Selling, general and administrative expenses 63,899 53,786
Income from operations 26,171 17,531
Other expenses (income):    
Interest expense 271 973
Loss on foreign currency 156 714
Interest and dividend income (1,272) (1,354)
Other expenses (income) (845) 333
Income before income taxes 27,016 17,198
Income taxes 8,849 7,750
Net income 18,167 9,448
Less: Net income attributable to the noncontrolling interest 4,794 2,114
Net income attributable to Inter Parfums, Inc. $ 13,373 $ 7,334
Net income attributable to Inter Parfums, Inc. common shareholders:    
Basic $ 0.43 $ 0.24
Diluted $ 0.43 $ 0.24
Weighted average number of shares outstanding:    
Basic 31,145 31,039
Diluted 31,254 31,115
Dividends declared per share $ 0.17 $ 0.15