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Net Income Attributable to Inter Parfums, Inc. Common Shareholders

6 Months Ended

Jun. 30, 2018

Net Income Attributable to Inter Parfums, Inc. Common Shareholders

7.	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 using the treasury stock method.

The reconciliation between the numerators and denominators of the basic and diluted EPS computations is as follows:

	Three months ended				Six months ended
(In thousands)	June 30,				June 30,
	2018		2017		2018		2017
Numerator:
Net income attributable to Inter Parfums, Inc.	$	10,899	$	6,744	$	26,808	$	20,117
Denominator:
Weighted average shares		31,299		31,169		31,283		31,157
Effect of dilutive securities:
Stock options		191		112		176		111
Denominator for diluted earnings per share		31,490		31,281		31,459		31,268

Earnings per share:
Net income attributable to Inter Parfums, Inc.
common shareholders:
Basic	$	0.35	$	0.22	$	0.86	$	0.65
Diluted		0.35		0.22		0.85		0.64

Not included in the above computations is the effect of antidilutive potential common shares which consist of outstanding options to purchase 0.18 million shares of common stock for both the three and six months ended June 30, 2018, as compared to 0.26 million shares of common stock for both the three and six months ended June 30, 2017.