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Share-Based Payments: (Tables)
 9 Months Ended
Sep. 30, 2022
Equity:  
The following table sets forth information with respect to nonvested options for the nine months ended September 30, 2022:

The following table sets forth information with respect to nonvested options for the nine months ended September 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   (10,460)  $12.14 
Nonvested options – end of period   199,050   $13.52 
The following table summarizes stock option information as of September 30, 2022:

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

 

   Shares   Weighted Average Exercise Price 
         
Outstanding at January 1, 2022   524,900   $57.58 
Options forfeited   (1,480)   67.41 
Options exercised   (45,205)   40.16 
           
Outstanding at September 30, 2022   478,215   $59.20 
           
Options exercisable   279,165   $54.40 
Options available for future grants   614,015      
Cash proceeds, tax benefits and intrinsic value related to stock options exercised during the nine months ended September 30, 2022 and 2021 were as follows:

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

 

(In thousands)  September 30, 
2022		   September 30, 
2021		 
         
Cash proceeds from stock options exercised  $1,816   $1,727 
Tax benefits   320    240 
Intrinsic value of stock options exercised   2,105    1,562 
The assumptions used in the Black-Scholes pricing model for the period ended September 30, 2021 is set forth in the following table:

The weighted average fair values of the options granted by Inter Parfums, Inc. during the nine months ended September 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 nine months ended September 30, 2022. The assumptions used in the Black-Scholes pricing model for the period ended September 30, 2021 is set forth in the following table:

 

    September 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%