Company: IPAR
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001753926-25-001236
Chunk: 40

Company: INTERPARFUMS INC
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 7
Chunk 40
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 and decreased income attributable to Interparfums, Inc. by $0.26 million and $0.62 million for the three and six months ended June 30, 2025 respectively, as compared to $0.38 million and $0.77 million for the corresponding periods of the prior year .

The following table summarizes stock option information as of June 30, 2025:

Shares

Weighted Average Exercise Price

Outstanding at January 1, 2025

248,430

$
103.00

Options forfeited

(6,200
)

124.61

Options exercised

(27,430
)

76.98

Outstanding at June 30, 2025

214,800

$
105.70

Options exercisable

103,250

$
82.55

Options available for future grants

498,595

As of June 30, 2025, the weighted average remaining contractual life of options outstanding is 3.0 years (1.3 years for options exercisable); the aggregate intrinsic value of options outstanding and options exercisable is $6.2 million and $5.2 million, respectively; and unrecognized compensation cost related to stock options outstanding aggregated $2.9 million.

Cash proceeds, tax benefits and intrinsic value related to stock options exercised during the six months ended June 30, 2025 and 2024 were as follows:

(In thousands)
 
June 30, 2025

June 30, 2024

Cash proceeds from stock options exercised
 
$
2,112

$
1,370

Tax benefits

205

224

Intrinsic value of stock options exercised

1,618

1,409

There were no options granted during the six months ended June 30, 2025 and June 30, 2024.
 
Expected volatility is estimated based on the historic volatility of the Company’s common stock. The expected term of the option is estimated based on historical data. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of the grant of the option and the dividend yield reflects the assumption that the dividend payout as authorized by the Board of Directors maintain its current payout ratio as a percentage of earnings.
 
In March 2022, Interparfums SA, our 72% owned French subsidiary, approved a plan to grant an aggregate of 88,400 shares of its stock to all Interparfums SA