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Equity (Tables) | 12 Months Ended
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Dec. 31, 2024
Equity: |
The following table sets forth information with respect to nonvested options for 2023: | The following table sets forth information with respect to nonvested options for 2024:
|  | Number of Shares |  |  | Weighted Average Grant Date Fair Value |
Nonvested options – beginning of year |  |  | 122,100 |  |  | $ | 24.47 |
Nonvested options granted |  |  | 47,250 |  |  | $ | 33.31 |
Nonvested options vested or forfeited |  |  | (50,700 | ) |  | $ | 19.73 |
Nonvested options – end of year |  |  | 118,650 |  |  | $ | 30.02 |
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, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Income before income taxes |  | $ | 2,379 |  |  | $ | 2,525 |  |  | $ | 3,143 |
Net income attributable to Interparfums, Inc. |  |  | 1,565 |  |  |  | 1,700 |  |  |  | 2,036 |
Diluted earnings per share attributable to Interparfums, Inc. |  |  | 0.05 |  |  |  | 0.05 |  |  |  | 0.06 |
The following table summarizes stock option activity and related information for the years ended December 31, 2023, 2022 and 2021: | The following table summarizes stock option activity and related information for the years ended December 31, 2024, 2023 and 2022:
|  | Year ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | Options |  |  | Weighted Average Exercise Price |  |  | Options |  |  | Weighted Average Exercise Price |  |  | Options |  |  | Weighted Average Exercise Price |
Shares under option -beginning of year |  |  | 308,970 |  |  | $ | 86.52 |  |  |  | 441,580 |  |  | $ | 67.30 |  |  |  | 524,900 |  |  | $ | 57.58 |
Options granted |  |  | 47,250 |  |  |  | 130.60 |  |  |  | 47,500 |  |  |  | 147.71 |  |  |  | 62,000 |  |  |  | 97.84 |
Options exercised |  |  | (105,510 | ) |  |  | 66.83 |  |  |  | (154,220 | ) |  |  | 52.04 |  |  |  | (136,880 | ) |  |  | 43.86 |
Options forfeited |  |  | (4,280 | ) |  |  | 95.73 |  |  |  | (25,890 | ) |  |  | 76.32 |  |  |  | (8,440 | ) |  |  | 67.65 |
Shares under option - end of year |  |  | 246,430 |  |  |  | 103.24 |  |  |  | 308,970 |  |  |  | 86.52 |  |  |  | 441,580 |  |  |  | 67.30 |
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, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Weighted average expected stock-price volatility |  |  | 30 | % |  |  | 29 | % |  |  | 26 | %
Weighted average expected option life |  |  | 4.4 years |  |  |  | 4.0 years |  |  |  | 4.0 years |
Weighted average risk-free interest rate |  |  | 4.4 | % |  |  | 3.8 | % |  |  | 4.0 | %
Weighted average dividend yield |  |  | 2.3 | % |  |  | 2.0 | % |  |  | 2.4 | %
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, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Proceeds from stock options exercised |  | $ | 7,049 |  |  | $ | 8,025 |  |  | $ | 6,003 |
Tax benefits |  | $ | 673 |  |  | $ | 1,150 |  |  | $ | 800 |
Intrinsic value of stock options exercised |  | $ | 7,052 |  |  | $ | 11,578 |  |  | $ | 6,760 |
The following table summarizes additional stock option information as of December 31, 2023: | The following table summarizes additional stock option information as of December 31, 2024:
Exercise prices |  | Options outstanding |  | Options outstanding weighted average remaining contractual life |  | Options exercisable
$62.18 - $69.11 |  | 10,500 |  | 0.66 years |  | 9,000
$73.09 |  | 88,580 |  | 1.00 years |  | 88,580
$97.84 |  | 53,600 |  | 4.00 years |  | 20,900
147.71 |  | 46,500 |  | 4.99 years |  | 9,300
$130.60 |  | 47,250 |  | 6.00 years |  | —
Totals |  | 246,430 |  | 3.35 years |  | 127,780

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