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Net Income Attributable to Inter Parfums, Inc. Common Shareholders

9 Months Ended

Sep. 30, 2019

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 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:

Schedule of earnings per share, basic and diluted
	Three months ended				Nine months ended
	September 30,				September 30,
(In thousands)	2019		2018		2019		2018
Numerator:
Net income attributable to Inter Parfums, Inc.	$	20,848	$	18,938	$	52,059	$	45,746
Denominator:
Weighted average shares		31,452		31,326		31,444		31,297
Effect of dilutive securities:
Stock options		224		261		237		205
Denominator for diluted earnings per share		31,676		31,587		31,681		31,502

Earnings per share:
Net income attributable to Inter Parfums, Inc. common shareholders:
Basic	$	0.66	$	0.60	$	1.66	$	1.46
Diluted		0.66		0.60		1.64		1.45

Not included in the above computations are 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 nine months ended September 30, 2019, as compared to .12 million shares of common stock for the nine months ended September 30, 2018. For the three months ended September 30, 2018 there were no antidilutive potential common shares.