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Net Income Attributable to Inter Parfums, Inc. Common Shareholders
 12 Months Ended
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.