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