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Net Income Attributable to Inter Parfums, Inc. Common Shareholders | 12 Months Ended
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Dec. 31, 2023
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, |
(In thousands except share and per share data) |  | 2023 |  |  | 2022 |  |  | 2021 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Inter Parfums, Inc. |  | $ | 152,654 |  |  | $ | 120,938 |  |  | $ | 87,411 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares |  |  | 31,994,328 |  |  |  | 31,859,417 |  |  |  | 31,676,796 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Stock options |  |  | 145,374 |  |  |  | 129,336 |  |  |  | 158,612 |
Denominator for diluted earnings per share |  |  | 32,139,702 |  |  |  | 31,988,753 |  |  |  | 31,835,408 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Inter Parfums, Inc. |  |  |  |  |  |  |  |  |  |  |  |
common shareholders: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 4.77 |  |  | $ | 3.80 |  |  | $ | 2.76 |
Diluted |  |  | 4.75 |  |  |  | 3.78 |  |  |  | 2.75 |
Not included in the above computations is the effect of anti-dilutive potential common shares, which consist of outstanding options to purchase 0, 38,000, and 175,000 shares of common stock for 2023, 2022, and 2021, respectively.

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