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Equity (Tables)

12 Months Ended

Dec. 31, 2021

Equity:

The following table sets forth information with respect to nonvested options for 2021:

The following table sets forth information with respect to nonvested options for 2021:

		Number of Shares				Weighted Average Grant Date Fair Value
Nonvested options – beginning of year			353,790			$	12.96
Nonvested options granted			9,000			$	11.35
Nonvested options vested or forfeited			(153,280	)		$	12.19
Nonvested options – end of year			209,510			$	13.45

The effect of share-based payment expenses decreased income statement line items as follows:

The effect of share-based payment expenses decreased income statement line items as follows:

		Year Ended December 31,
		2021				2020				2019
Income before income taxes		$	2,850			$	3,030			$	3,390
Net income attributable to Inter Parfums, Inc.			1,880				2,040				2,060
Diluted earnings per share attributable to Inter Parfums, Inc.			0.06				0.06				0.07

The following table summarizes stock option activity and related information for the years ended December 31, 2021, 2020 and 2019:

The following table summarizes stock option activity and related information for the years ended December 31, 2021, 2020 and 2019:

		Year ended December 31,
		2021								2020								2019
		Options				Weighted Average Exercise Price				Options				Weighted Average Exercise Price				Options				Weighted Average Exercise Price
Shares under option - beginning of year			713,210			$	52.74				815,800			$	49.89				776,171			$	41.33
Options granted			9,000				62.18				9,000				69.11				194,050				72.89
Options exercised			(156,490	)			34.46				(95,570	)			28.99				(130,891	)			34.06
Options forfeited			(40,820	)			62.57				(16,020	)			58.38				(23,530	)			45.48
Shares under option - end of year			524,900				57.58				713,210				52.74				815,800				49.89

The assumptions used in the Black-Scholes pricing model are set forth in the following table:

The assumptions used in the Black-Scholes pricing model are set forth in the following table:

		Year Ended December 31,
		2021				2020				2019
Weighted-average expected stock-price volatility			25	%			25	%			25	%
Weighted-average expected option life			5.0 years				5.0 years				5.0 years
Weighted-average risk-free interest rate			0.4	%			1.4	%			1.7	%
Weighted-average dividend yield			1.6	%			2.5	%			2.0	%

Proceeds, tax benefits and intrinsic value related to stock options exercised were as follows

Proceeds, tax benefits and intrinsic value related to stock options exercised were as follows: 

		Year Ended December 31,
		2021				2020				2019
Proceeds from stock options exercised		$	5,393			$	2,771			$	4,458
Tax benefits		$	1,300			$	400			$	690
Intrinsic value of stock options exercised		$	7,800			$	2,873			$	4,520

The following table summarizes additional stock option information as of December 31, 2021:

The following table summarizes additional stock option information as of December 31, 2021:

Exercise prices			Options outstanding				Options outstanding weighted average remaining contractual life		Options exercisable
$32.83 - $33.95				81,190			0.99 years			81,190
$40.15 - $46.90				123,130			1.94 years			90,790
$65.18 - $69.11				164,940			3.03 years			84,790
$73.09				155,640			4.00 years			58,620
Totals				524,900			2.75 years			315,390

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