Net Income Attributable to Inter Parfums, Inc. Common Shareholders

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Net Income Attributable to Inter Parfums, Inc. Common Shareholders

10. 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,
	2020			2019		2020		2019
Numerator:
Net income (loss) attributable to Inter Parfums, Inc.	$	(3,118	)	$	12,318	$	6,941	$	31,211
Denominator:
Weighted average shares		31,532			31,449		31,531		31,440
Effect of dilutive securities:
Stock options		—			238		136		243
Denominator for diluted earnings per share		31,532			31,687		31,667		31,683
Earnings per share:
Net income (loss) attributable to Inter Parfums, Inc. common shareholders:
Basic	$	(0.10	)	$	0.39	$	0.22	$	0.99
Diluted		(0.10	)		0.39		0.22		0.99

Not included in the above computations are the effect of antidilutive potential common shares which consist of outstanding options to purchase 0.80 and 0.59 million shares of common stock for both the three and six months ended June 30, 2020, as compared to 0.18 million shares of common stock for the three and six months ended June 30, 2019.