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Net Income Attributable to Inter Parfums, Inc. Common Shareholders
 3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Net Income Attributable to Inter Parfums, Inc. Common Shareholders
10.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 
  March 31, 
(In thousands, except per share data)  2021   2020 
Numerator:        
Net income attributable to Inter Parfums, Inc.  $27,662   $10,059 
Denominator:          
Weighted average shares   31,631    31,530 
Effect of dilutive securities:          
Stock options   141    178 
Denominator for diluted earnings per share   31,772    31,708 
           
Earnings per share:          
Net income attributable to Inter Parfums, Inc.          
common shareholders:          
Basic  $0.87   $0.32 
Diluted   0.87    0.32 

 

Not included in the above computations is the effect of antidilutive potential common shares which consist of outstanding options to purchase 0.35 and 0.37 million shares of common stock for the three months ended March 31, 2021 and 2020, respectively.