Net Income Attributable to Inter Parfums, Inc. Common Shareholders

9 Months Ended

Sep. 30, 2018

Earnings Per Share [Abstract]

Net Income Attributable to Inter Parfums, Inc. Common Shareholders

7. 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:

(In thousands)	Three months ended September 30,				Nine months ended September 30,
	2018		2017		2018		2017
Numerator:
Net income attributable to Inter Parfums, Inc.	$	18,938	$	17,077	$	45,746	$	37,194
Denominator:
Weighted average shares		31,326		31,175		31,297		31,163
Effect of dilutive securities:
Stock options		261		132		205		118
Denominator for diluted earnings per share		31,587		31,307		31,502		31,281
Earnings per share:
Net income attributable to Inter Parfums, Inc. common shareholders:
Basic	$	0.60	$	0.55	$	1.46	$	1.19
Diluted		0.60		0.55		1.45		1.19

Not included in the above computations is the effect of antidilutive potential common shares which consist of outstanding options to purchase 0.12 million shares of common stock for the nine months ended September 30, 2018, as compared to 0.22 million shares and 0.31 million shares of common stock for the three and nine months ended September 30, 2017, respectively. There were no antidilutive potential common shares for the three months ended September 30, 2018.