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Net Income Attributable to Inter Parfums, Inc. Common Shareholders

6 Months Ended

Jun. 30, 2021

Earnings (loss) per share:

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 Six months ended

June 30, June 30,

(In thousands) 2021 2020 2021 2020

Numerator:

Net income (loss) attributable

to Inter Parfums, Inc. $ 22,657 $ (3,118 ) $ 50,319 $ 6,941

Denominator:

Weighted average shares 31,653 31,532 31,642 31,531

Effect of dilutive securities:

Stock options 146 — 144 136

Denominator for diluted

earnings per share 31,799 31,532 31,786 31,667

Earnings per share:

Net income (loss) attributable to Inter

Parfums, Inc. common shareholders:

Basic $ 0.72 $ (0.10 ) $ 1.59 $ 0.22

Diluted 0.71 (0.10 ) 1.58 0.22

Not included in the above computations are the effect of antidilutive potential common shares which consist of outstanding options to purchase 0.18 and 0.26 million shares of common stock for both the three and six months ended June 30, 2021, as compared to 0.80 and 0.59 million shares of common stock for the three and six months ended June 30, 2020, respectively.