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Net Income Attributable to Inter Parfums, Inc. Common Shareholders
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Net Income Attributable to Inter Parfums, Inc. Common Shareholders

 

(14)Net Income Attributable to Inter Parfums, Inc. Common Shareholders

 

Net income attributable to Inter Parfums, Inc. per common share (“basic EPS”) is computed by dividing net income attributable to Inter Parfums, Inc. by the weighted average number of shares outstanding. Net income attributable to Inter Parfums, Inc. per share assuming dilution (“diluted EPS”), is computed using the weighted average number of shares outstanding, plus the incremental shares outstanding assuming the exercise of dilutive stock options using the treasury stock method.

 

The reconciliation between the numerators and denominators of the basic and diluted EPS computations is as follows:

 

   Year ended December 31, 
   2022   2021   2020 
Numerator for diluted earnings per share  $120,938   $87,411   $38,219 
Denominator:               
Weighted average shares   31,859,417    31,676,796    31,536,659 
Effect of dilutive securities:               
Stock options   129,336    158,612    117,885 
                
Denominator for diluted earnings per share   31,988,753    31,835,408    31,654,544 
                
Earnings per share:               
Net income attributable to Inter Parfums, Inc. common shareholders:               
Basic  $3.80   $2.76   $1.21 
Diluted   3.78    2.75    1.21 

 

Not included in the above computations is the effect of anti-dilutive potential common shares, which consist of outstanding options to purchase 38,000, 175,000, and 450,000 shares of common stock for 2022, 2021, and 2020, respectively.