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Share-Based Payments: (Tables)

6 Months Ended

Jun. 30, 2021

Equity:

The following table sets forth information with respect to nonvested options for the six months ended June 30, 2021:

The following table sets forth information with respect to nonvested options for the six months ended June 30, 2021:

		Number of Shares				Weighted Average Grant-Date Fair Value
Nonvested options – beginning of period			353,790			$	12.96
Nonvested options granted			9,000			$	11.35
Nonvested options vested or forfeited			(32,730	)		$	13.00
Nonvested options – end of period			330,060			$	12.91

The following table summarizes stock option information as of June 30, 2021:

The following table summarizes stock option information as of June 30, 2021:

		Shares				Weighted Average Exercise Price
Outstanding at January 1, 2021			713,210			$	52.74
Options granted			9,000				62.18
Options forfeited			(33,240	)			62.15
Options exercised			(45,550	)			34.75
Outstanding at June 30, 2021			643,420			$	53.66
Options exercisable			313,360			$	44.64
Options available for future grants			604,955

Cash proceeds, tax benefits and intrinsic value related to stock options exercised during the six months ended June 30, 2021 and June 30, 2020 were as follows:

Cash proceeds, tax benefits and intrinsic value related to stock options exercised during the six months ended June 30, 2021 and June 30, 2020 were as follows:

(In thousands)		June 30, 2021				June 30, 2020
Cash proceeds from stock options exercised		$	1,583			$	657
Tax benefits			200				—
Intrinsic value of stock options exercised			1,496				740

The assumptions used in the Black-Scholes pricing model for the periods ended June 30, 2021 and 2020 are set forth in the following table:

The weighted average fair values of the options granted by Inter Parfums, Inc. during the six months ended June 30, 2021 and 2020 were $11.35 and $12.16 per share, respectively, on the date of grant using the Black-Scholes option pricing model to calculate the fair value of options granted. The assumptions used in the Black-Scholes pricing model for the periods ended June 30, 2021 and 2020 are set forth in the following table:

	June 30, 2021		June 30, 2020
Weighted average expected stock-price volatility	25%		25%
Weighted average expected option life	5 years		5 years
Weighted average risk-free interest rate	0.4%		1.4%
Weighted average dividend yield	1.6%		2.5%

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