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Share-Based Payments: (Tables)

6 Months Ended

Jun. 30, 2022

Equity:

The following table sets forth information with respect to nonvested options for the six months ended June 30, 2022:

The following table sets forth information with respect to nonvested options for the six months ended June 30, 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			(9,960	)		$	12.21
Nonvested options – end of period			199,550			$	13.51

The following table summarizes stock option information as of June 30, 2022:

The following table summarizes stock option information as of June 30, 2022:

		Shares				Weighted Average Exercise Price
Outstanding at January 1, 2022			524,900			$	57.58
Options forfeited			(1,480	)			67.41
Options exercised			(15,545	)			52.10
Outstanding at June 30, 2022			507,875			$	57.72
Options exercisable			308,325			$	52.44
Options available for future grants			614,015

Cash proceeds, tax benefits and intrinsic value related to stock options exercised during the six months ended June 30, 2022 and 2021 were as follows:

Cash proceeds, tax benefits and intrinsic value related to stock options exercised during the six months ended June 30, 2022 and 2021 were as follows:

(In thousands)		June 30, 2022				June 30, 2021
Cash proceeds from stock options exercised		$	810			$	1,583
Tax benefits			75				200
Intrinsic value of stock options exercised			698				1,496

The assumptions used in the Black-Scholes pricing model for the period ended June 30, 2021 is 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 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 six months ended June 30, 2022. The assumptions used in the Black-Scholes pricing model for the period ended June 30, 2021 is set forth in the following table:

			June 30, 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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