CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
|
| Net sales | $ 157,622 | $ 138,944 | $ 386,301 | $ 350,214 |
| Cost of sales | 62,790 | 53,118 | 145,723 | 136,453 |
| Gross margin | 94,832 | 85,826 | 240,578 | 213,761 |
| Selling, general and administrative expenses | 62,529 | 58,188 | 179,285 | 156,815 |
| Income from operations | 32,303 | 27,638 | 61,293 | 56,946 |
| Other expenses (income): | ||||
| Interest expense | 515 | 1,041 | 2,181 | 1,811 |
| (Gain) loss on foreign currency | 334 | (336) | 388 | 1,751 |
| Interest income | (765) | (857) | (2,722) | (2,829) |
| Other expenses (income) | 84 | (152) | (153) | 733 |
| Income before income taxes | 32,219 | 27,790 | 61,446 | 56,213 |
| Income taxes | 10,740 | 9,156 | 22,790 | 18,754 |
| Net income | 21,479 | 18,634 | 38,656 | 37,459 |
| Less: Net income attributable to the noncontrolling interest | 5,240 | 4,414 | 9,252 | 8,881 |
| Net income attributable to Inter Parfums, Inc. | $ 16,239 | $ 14,220 | $ 29,404 | $ 28,578 |
| Net income attributable to Inter Parfums, Inc. common shareholders: | ||||
| Basic | $ 0.52 | $ 0.46 | $ 0.95 | $ 0.92 |
| Diluted | $ 0.52 | $ 0.46 | $ 0.94 | $ 0.92 |
| Weighted average number of shares outstanding: | ||||
| Basic | 31,080 | 31,005 | 31,058 | 30,991 |
| Diluted | 31,171 | 31,098 | 31,138 | 31,092 |
| Dividends declared per share | $ 0.15 | $ 0.13 | $ 0.45 | $ 0.39 |