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Share-Based Payments: (Tables)

3 Months Ended

Mar. 31, 2022

Equity:

The following table sets forth information with respect to nonvested options for the three months ended March 31, 2022:

The following table sets forth information with respect to nonvested options for the three months ended March 31, 2022:

		Number of Shares				Weighted Average Grant-Date Fair Value
Nonvested options – beginning of period			209,510			$	13.45
Nonvested options granted			--				--
Nonvested options vested or forfeited			(9,780	)		$	12.18
Nonvested options – end of period			199,730			$	13.51

The following table summarizes stock option information as of March 31, 2022:

The following table summarizes stock option information as of March 31, 2022:

		Shares				Weighted Average Exercise Price
Outstanding at January 1, 2022			524,900			$	57.58
Options forfeited			(1,180	)			65.96
Options exercised			(13,425	)			52.73
Outstanding at March 31, 2022			510,295			$	57.69
Options exercisable			310,565			$	52.42
Options available for future grants			613,715

Cash proceeds, tax benefits and intrinsic value related to stock options exercised during the three months ended March 31, 2022 and 2021were as follows:

Cash proceeds, tax benefits and intrinsic value related to stock options exercised during the three months ended March 31, 2022 and 2021were as follows:

(In thousands)		March 31, 2022				March 31, 2021
Cash proceeds from stock options exercised		$	708			$	1,467
Tax benefits			75				200
Intrinsic value of stock options exercised			635				1,457

The assumptions used in the Black-Scholes pricing model for the period ended March 31, 2021 is set forth in the following table:

The weighted average fair values of the options granted by Inter Parfums, Inc. during the three months ended March 31, 2021 were $11.35 per share on the date of grant using the Black-Scholes option pricing model to calculate the fair value of options granted. There were no options granted during the three months ended March 31, 2022. The assumptions used in the Black-Scholes pricing model for the period ended March 31, 2021 is set forth in the following table:

				March 31, 2021
	Weighted average expected stock-price volatility				25%
	Weighted average expected option life				5 years
	Weighted average risk-free interest rate				0.4%
	Weighted average dividend yield				1.6%

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