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Equity (Tables)

12 Months Ended

Dec. 31, 2022

Equity:

The following table sets forth information with respect to nonvested options for 2022:

The following table sets forth information with respect to nonvested options for 2022:

		Number of Shares				Weighted Average Grant Date Fair Value
Nonvested options – beginning of year			209,510			$	13.45
Nonvested options granted			62,000			$	20.36
Nonvested options vested or forfeited			(102,780	)		$	12.93
Nonvested options – end of year			168,730			$	16.31

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,
		2022				2021				2020
Income before income taxes		$	3,143			$	2,850			$	3,030
Net income attributable to Inter Parfums, Inc.			2,036				1,880				2,040
Diluted earnings per share attributable to Inter Parfums, Inc.			0.06				0.06				0.06

The following table summarizes stock option activity and related information for the years ended December 31, 2022, 2021 and 2020:

The following table summarizes stock option activity and related information for the years ended December 31, 2022, 2021 and 2020:

		Year ended December 31,
		2022								2021								2020
		Options				Weighted Average Exercise Price				Options				Weighted Average Exercise Price				Options				Weighted Average Exercise Price
Shares under option - beginning of year			524,900			$	57.58				713,210			$	52.74				815,800			$	49.89
Options granted			62,000				97.84				9,000				62.18				9,000				69.11
Options exercised			(136,880	)			43.86				(156,490	)			34.46				(95,570	)			28.99
Options forfeited			(8,440	)			67.65				(40,820	)			62.57				(16,020	)			58.38
Shares under option - end of year			441,580				67.30				524,900				57.58				713,210				52.74

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,
		2022				2021				2020
Weighted-average expected stock-price volatility			26	%			25	%			25	%
Weighted-average expected option life			4.0 years				5.0 years				5.0 years
Weighted-average risk-free interest rate			4.0	%			0.4	%			1.4	%
Weighted-average dividend yield			2.4	%			1.6	%			2.5	%

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,
		2022				2021				2020
Proceeds from stock options exercised		$	6,003			$	5,393			$	2,771
Tax benefits		$	800			$	1,300			$	400
Intrinsic value of stock options exercised		$	6,760			$	7,800			$	2,873

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

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

Exercise prices			Options outstanding			Options outstanding weighted average remaining contractual life		Options exercisable
$40.15 - $46.90			103,460			0.96 years			101,860
$62.18 - $69.11			139,900			2.04 years			97,210
$73.09			136,220			3.00 years			73,780
$97.84			62,000			5.85 years			—
Totals			441,580			2.62 years			272,850

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