Company: IPAR
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001753926-25-000738
Chunk: 37

Company: INTERPARFUMS INC
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 7
Chunk 37
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ums, 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

(In thousands)
 
March 31,

2025

2024

Numerator:

Net income attributable to Interparfums, Inc.
 
$
42,492

$
41,048

Denominator:

Weighted average shares

32,121

32,041

Effect of dilutive securities:

Stock options

53

225

Denominator for diluted earnings per share

32,174

32,266

Earnings per share:

Net income attributable to

Interparfums, Inc. common shareholders:

Basic
 
$
1.32

$
1.28

Diluted
 
$ 
1.32

$ 
1.27

Not included in the above computations are the effect of antidilutive potential common shares which consist of outstanding options to purchase 0.04 million and 0.05 million shares of common stock for the three months ended March 31, 2025 and 2024, respectively.  

Page 13   

INTERPARFUMS, INC. AND SUBSIDIARIES   Notes to Consolidated Financial Statements

10.
Segment and Geographic Areas:    
The Company manufactures and distributes one product line, fragrances and fragrance related products. The Company manages its business in two segments, European based operations and United States based operations. The European based operations, assets and business operations are primarily conducted in France, and include the results and assets of Interparfums Luxury Brands, Inc., located in the United States. For United States based operations, assets and business operations are primarily conducted in the United States, and include the results and assets of Interparfums Italia Srl, located in Italy. Both European based operations and United States based operations primarily represent the sale of prestige brand name fragrances.

Information on the Company’s operations by segments is as follows:

Three months ended March 31, 2025

United States
based operations 

European
based operations 

Total

Net sales

$
94,345

$
247,826

$
342,171

Eliminations (a)

—

(3,352
)

(3,352
) 

94,345

244,474

338,819

Less