10-Q Filing

PETMED EXPRESS INC CIK: 1040130 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0001188112-11-002088`
Period End Date	20110630
Filing Date	20110802
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	pets-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 38 Cash Flow Statement 52

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$6.00K	USD	Point-in-time
Allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$7.00K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	3,000.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	3,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.14M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	3,000.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	3,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$66.89M	USD	Point-in-time
Short term investments - available for sale	`AvailableForSaleSecuritiesCurrent`	$10.12M	USD	Point-in-time
Short term investments - available for sale	`AvailableForSaleSecuritiesCurrent`	$10.22M	USD	Point-in-time
Preferred stock, liquidation preference (in dollars per share)	`PreferredStockLiquidationPreference`	$4.00	USD	Point-in-time
Preferred stock, liquidation preference (in dollars per share)	`PreferredStockLiquidationPreference`	$4.00	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $7 and $6, respectively	`AccountsReceivableNetCurrent`	$1.99M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $7 and $6, respectively	`AccountsReceivableNetCurrent`	$2.30M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Inventories - finished goods	`InventoryFinishedGoods`	$26.07M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Inventories - finished goods	`InventoryFinishedGoods`	$25.14M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	22.33M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.43M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.26M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.04M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.26M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$1.00M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$1.18M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.33M	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$664.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$89.60M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$90.62M	USD	Point-in-time
Long term investments	`LongTermInvestments`	$4.76M	USD	Point-in-time
Long term investments	`LongTermInvestments`	$12.39M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.17M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.43M	USD	Point-in-time
Intangible asset	`IntangibleAssetsNetExcludingGoodwill`	$860.00K	USD	Point-in-time
Intangible asset	`IntangibleAssetsNetExcludingGoodwill`	$860.00K	USD	Point-in-time
Total assets	`Assets`	$99.42M	USD	Point-in-time
Total assets	`Assets`	$106.29M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.45M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.15M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.51M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.48M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.96M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.94M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$321.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$340.00K	USD	Point-in-time
Total liabilities:	`Liabilities`	$9.28M	USD	Point-in-time
Total liabilities:	`Liabilities`	$13.28M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.001 par value, 5,000 shares authorized; 3 convertible shares issued and outstanding with a liquidation preference of $4 per share	`PreferredStockValue`	$9.00K	USD	Point-in-time
Preferred stock, $.001 par value, 5,000 shares authorized; 3 convertible shares issued and outstanding with a liquidation preference of $4 per share	`PreferredStockValue`	$9.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000 shares authorized; 21,259 and 22,331 shares issued and outstanding, respectively	`CommonStockValue`	$22.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000 shares authorized; 21,259 and 22,331 shares issued and outstanding, respectively	`CommonStockValue`	$21.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$86.16M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$97.11M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-141.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-48.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$86.14M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$97.00M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$106.29M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$99.42M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$74.37M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$73.58M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$47.14M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$49.47M	USD	1 Quarter
Gross profit	`GrossProfit`	$27.23M	USD	1 Quarter
Gross profit	`GrossProfit`	$24.11M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.10M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.21M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$8.84M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$10.10M	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$341.00K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$350.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$16.55M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$15.40M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$11.83M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$7.57M	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$66.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$86.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-1.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$3.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$69.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$85.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.65M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$11.90M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.67M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.81M	USD	1 Quarter
Net income	`ProfitLoss`	$4.84M	USD	1 Quarter
Net income	`ProfitLoss`	$7.22M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.22	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.32	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.22	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.32	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.72M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	21.65M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.87M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.77M	shares	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.12	USD	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.10	USD	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$4.84M	USD	1 Quarter
Net income	`ProfitLoss`	$7.22M	USD	1 Quarter
Depreciation	`Depreciation`	$341.00K	USD	1 Quarter
Depreciation	`Depreciation`	$350.00K	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$565.00K	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$523.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-155.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$376.00K	USD	1 Quarter
Bad debt expense	`OtherNoncashExpense`	$19.00K	USD	1 Quarter
Bad debt expense	`OtherNoncashExpense`	$7.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$338.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$582.00K	USD	1 Quarter
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$-13.28M	USD	1 Quarter
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$934.00K	USD	1 Quarter
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-664.00K	USD	1 Quarter
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-330.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$273.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$398.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$1.24M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$1.70M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.30M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$3.84M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherCurrentLiabilities`	$143.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherCurrentLiabilities`	$-60.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$26.46M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.54M	USD	1 Quarter
Net change in investments	`PaymentsForProceedsFromInvestments`	$-7.62M	USD	1 Quarter
Net change in investments	`PaymentsForProceedsFromInvestments`	$10.02M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$130.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$82.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.15M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$7.54M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$2.28M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$2.75M	USD	1 Quarter
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$13.58M	USD	1 Quarter
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$671.00K	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$252.00K	USD	1 Quarter
Tax benefit related to stock options exercised	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$124.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-16.33M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.57M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$13.74M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-247.00K	USD	1 Quarter
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.41M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$53.14M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.66M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$66.89M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$49.41M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$53.14M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$49.66M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$66.89M	USD	Point-in-time
Dividends payable in accrued expenses	`DividendsPayableAmount`	$20.00K	USD	Point-in-time
Dividends payable in accrued expenses	`DividendsPayableAmount`	$31.00K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.