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Net Income Attributable to Inter Parfums, Inc. Common Shareholders: | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Net Income Attributable to Inter Parfums, Inc. Common Shareholders: |
| 9. | 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:
|  | Three months ended |  |  | Six months ended |
(In thousands) |  | June 30, |  |  | June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Inter Parfums, Inc. |  | $ | 36,823 |  |  | $ | 34,952 |  |  | $ | 77,871 |  |  | $ | 89,020 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares |  |  | 32,024 |  |  |  | 32,006 |  |  |  | 32,033 |  |  |  | 32,012 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stock options |  |  | 242 |  |  |  | 156 |  |  |  | 233 |  |  |  | 149 |
Denominator for diluted earnings per share |  |  | 32,266 |  |  |  | 32,162 |  |  |  | 32,266 |  |  |  | 32,161 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Inter |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Parfums, Inc. common shareholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 1.15 |  |  | $ | 1.09 |  |  | $ | 2.43 |  |  | $ | 2.78 |
Diluted |  |  | 1.14 |  |  |  | 1.09 |  |  |  | 2.41 |  |  |  | 2.77 |
Not included in the above computations are the effect of antidilutive potential common shares which consist of outstanding options to purchase 0.05 million shares of common stock for the three and six months ended June 30, 2024. There were no antidilutive potential common shares outstanding for the three and six months ended June 30, 2023.

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