Year ended December 31,

2020

2019

2018

Numerator for diluted earnings per share

$

38,219

$

60,249

$

53,793

Denominator:

Weighted average shares

31,536,659

31,451,093

31,307,991

Effect of dilutive securities:

Stock options

117,885

237,607

214,380

Denominator for diluted earnings per share

31,654,544

31,688,700

31,522,371

Earnings per share:

Net income attributable to Inter Parfums, Inc. common shareholders:

Basic

$

1.21

$

1.92

$

1.72

Diluted

1.21

1.90

1.71