XML 57 R35.htm IDEA: XBRL DOCUMENT v3.8.0.1
Equity (Tables)
 12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Schedule of nonvested share activity

The following table sets forth information with respect to nonvested options for 2017:

 

    Number of Shares     Weighted Average Grant Date Fair Value  
Nonvested options – beginning of year     401,440     $ 7.14  
Nonvested options granted     174,600     $ 9.82  
Nonvested options vested or forfeited     (144,805 )   $ 7.13  
Nonvested options – end of year     431,235     $ 8.22  
Schedule of effect of share-based payment expenses

The effect of share-based payment expenses decreased income statement line items as follows:

 

    Year Ended December 31,  
    2017     2016     2015  
Income before income taxes   $ 2,100     $ 1,200     $ 800  
Net income attributable to Inter Parfums, Inc.     1,150       700       500  
Diluted earnings per share attributable to Inter Parfums, Inc.     0.04       0.02       0.01  
Schedule of stock option activity

The following table summarizes stock option activity and related information for the years ended December 31, 2017, 2016 and 2015:

 

    Year ended December 31,  
    2017     2016     2015  
    Options    

Weighted 

Average 

Exercise 

Price 

     Options    

Weighted

 Average

 Exercise

 Price

     Options    

Weighted 

Average

Exercise 

Price 

  
Shares under option - beginning of year     684,540     $ 26.94       709,300     $ 24.34       639,495     $ 23.19  
Options granted     174,600       43.48       148,950       32.61       158,300       23.79  
Options exercised     (103,230 )     19.03       (123,150 )     18.69       (80,685 )     13.82  
Options forfeited     (24,930 )     29.49       (50,560 )     27.18       (7,810 )     27.77  
Shares under option - end of year     730,980       31.92       684,540       26.94       709,300       24.34
Schedule of valuation assumptions in Black-Scholes pricing

The assumptions used in the Black-Scholes pricing model are set forth in the following table:

 

    Year Ended December 31,  
    2017     2016     2015  
Weighted-average expected stock-price volatility     28 %     29 %     33 %
Weighted-average expected option life     5.0 years       5.0 years       5.0 years  
Weighted-average risk-free interest rate     2.2 %     2.0 %     1.7 %
Weighted-average dividend yield     2.0 %     2.1 %     2.1 %
Schedule of stock options exercised

Proceeds, tax benefits and intrinsic value related to stock options exercised were as follows: 

 

    Year Ended December 31,  
    2017     2016     2015  
Proceeds from stock options exercised, excluding cashless exercise of $0.7 million and $0.5 million in 2016 and 2015, respectively   $ 1,963     $ 1,579     $ 653  
Tax benefits   $ 600     $ 400     $ 260  
Intrinsic value of stock options exercised   $ 2,258     $ 1,860     $ 1,137
Schedule of additional stock option information

The following table summarizes additional stock option information as of December 31, 2017:

 

        Options outstanding    
    Number   weighted average remaining   Options
Exercise prices   outstanding   contractual life   exercisable
$19.33   77,960   1.00 years   77,960
$22.20   2,800   1.08 years   2,000
$23.61   117,540   4.00 years   45,150
$25.29 - $28.82   13,000   2.85 years   5,500
$26.40   4,000   3.08 years   1,000
$27.80   102,600   3.00 years   59,120
$29.36   2,000   1.68 years   1,500
$32.12 - $32.83   137,900   4.93 years   28,955
$33.95   4,000   4.09 years   —
$35.75   99,580   2.00 years   78,560
$40.15   2,000   4.70 years   —
$43.80   167,600   6.00 years   —
Totals   730,980   3.86 years   299,745