10-Q Filing

PETMED EXPRESS INC CIK: 1040130 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001188112-11-003024`
Period End Date	20110930
Filing Date	20111101
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	pets-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 76 Cash Flow Statement 58

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Allowance for Doubtful Accounts Receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.00K	USD	Point-in-time
Allowance for Doubtful Accounts Receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$6.00K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$60.51M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.14M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.66M	USD	Point-in-time
Convertible Preferred stock, shares issued	`PreferredStockSharesIssued`	3,000.00	shares	Point-in-time
Short term investments - available for sale	`AvailableForSaleSecuritiesCurrent`	$10.27M	USD	Point-in-time
Convertible Preferred stock, shares issued	`PreferredStockSharesIssued`	3,000.00	shares	Point-in-time
Short term investments - available for sale	`AvailableForSaleSecuritiesCurrent`	$10.12M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $4 and $6, respectively	`AccountsReceivableNetCurrent`	$1.43M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $4 and $6, respectively	`AccountsReceivableNetCurrent`	$1.99M	USD	Point-in-time
Convertible Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	3,000.00	shares	Point-in-time
Convertible Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	3,000.00	shares	Point-in-time
Inventories - finished goods	`InventoryFinishedGoods`	$19.11M	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
Inventories - finished goods	`InventoryFinishedGoods`	$25.14M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.96M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.04M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$914.00K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$1.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Prepaid income taxes	`PrepaidIncomeTaxes`	$690.00K	USD	Point-in-time
Prepaid income taxes	`PrepaidIncomeTaxes`	$664.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	20.56M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	22.33M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.33M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.56M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$81.51M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$89.60M	USD	Point-in-time
Long term investments	`LongTermInvestments`	$2.69M	USD	Point-in-time
Long term investments	`LongTermInvestments`	$12.39M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.91M	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`	$106.29M	USD	Point-in-time
Total assets	`Assets`	$87.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.45M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.41M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.29M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.51M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.96M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.70M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$321.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$346.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$9.28M	USD	Point-in-time
Total liabilities	`Liabilities`	$9.04M	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	`PreferredStockValueOutstanding`	$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	`PreferredStockValueOutstanding`	$9.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000 shares authorized; 20,556 and 22,331 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$21.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000 shares authorized; 20,556 and 22,331 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$22.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$79.83M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$97.11M	USD	Point-in-time
Less: treasury stock, at cost; 100 and 0 shares, respectively	`TreasuryStockValue`	$924.00K	USD	Point-in-time
Accumulated other comprehensive gain (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.00K	USD	Point-in-time
Accumulated other comprehensive gain (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-141.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$78.93M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$97.00M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$87.97M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$106.29M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$135.61M	USD	2 Qtrs
Sales	`SalesRevenueGoodsNet`	$131.80M	USD	2 Qtrs
Sales	`SalesRevenueGoodsNet`	$58.23M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$61.24M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$87.76M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$86.06M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$38.29M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$38.91M	USD	1 Quarter
Gross profit	`GrossProfit`	$49.56M	USD	2 Qtrs
Gross profit	`GrossProfit`	$19.93M	USD	1 Quarter
Gross profit	`GrossProfit`	$22.33M	USD	1 Quarter
Gross profit	`GrossProfit`	$44.04M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.71M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.92M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$11.71M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.60M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$8.57M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$18.00M	USD	2 Qtrs
Advertising	`AdvertisingExpense`	$17.41M	USD	2 Qtrs
Advertising	`AdvertisingExpense`	$7.90M	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$687.00K	USD	2 Qtrs
Depreciation	`DepreciationNonproduction`	$315.00K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$346.00K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$665.00K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$13.85M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$30.00M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$14.60M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$30.40M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$6.08M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$19.55M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$13.64M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$7.73M	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$167.00K	USD	2 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$72.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$158.00K	USD	2 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$101.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$64.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$33.00K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$30.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$63.00K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$131.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$221.00K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$200.00K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$136.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.87M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.86M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.22M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$19.75M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.88M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.10M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.55M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.29M	USD	1 Quarter
Net income	`ProfitLoss`	$8.77M	USD	2 Qtrs
Net income	`ProfitLoss`	$3.93M	USD	1 Quarter
Net income	`ProfitLoss`	$4.98M	USD	1 Quarter
Net income	`ProfitLoss`	$12.20M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.41	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.54	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.22	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.22	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.41	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.54	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.62M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.67M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	21.14M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.64M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.74M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.80M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.71M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.24M	shares	2 Qtrs
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`	$0.12	USD	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.23	USD	2 Qtrs
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.25	USD	2 Qtrs

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$8.77M	USD	2 Qtrs
Net income	`ProfitLoss`	$3.93M	USD	1 Quarter
Net income	`ProfitLoss`	$4.98M	USD	1 Quarter
Net income	`ProfitLoss`	$12.20M	USD	2 Qtrs
Depreciation	`DepreciationNonproduction`	$687.00K	USD	2 Qtrs
Depreciation	`DepreciationNonproduction`	$315.00K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$346.00K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$665.00K	USD	2 Qtrs
Share based compensation	`ShareBasedCompensation`	$1.04M	USD	2 Qtrs
Share based compensation	`ShareBasedCompensation`	$1.13M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$511.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$114.00K	USD	2 Qtrs
Bad debt expense	`OtherNoncashExpense`	$25.00K	USD	2 Qtrs
Bad debt expense	`OtherNoncashExpense`	$20.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-625.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-527.00K	USD	2 Qtrs
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$-6.03M	USD	2 Qtrs
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$-14.33M	USD	2 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidIncomeTaxes`	$26.00K	USD	2 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidIncomeTaxes`	$1.39M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.05M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$923.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-287.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$86.00K	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherCurrentLiabilities`	$-215.00K	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherCurrentLiabilities`	$9.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$26.68M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$16.20M	USD	2 Qtrs
Net change in investments	`PaymentsForProceedsFromInvestments`	$10.05M	USD	2 Qtrs
Net change in investments	`PaymentsForProceedsFromInvestments`	$-9.69M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$303.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$293.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-10.36M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$9.40M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$5.40M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$5.12M	USD	2 Qtrs
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$22.64M	USD	2 Qtrs
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$4.21M	USD	2 Qtrs
Tax adjustment related to restricted stock	`TaxAdjustmentRelatedToRestrictedStock`	$-71.00K	USD	2 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$252.00K	USD	2 Qtrs
Tax benefit related to stock options exercised	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$124.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-8.96M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-28.12M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.36M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.52M	USD	2 Qtrs
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$53.14M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$60.51M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$47.14M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.66M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$53.14M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$60.51M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$47.14M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$49.66M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$8.31M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$5.08M	USD	2 Qtrs
Property and equipment purchases in accounts payable	`PropertyAndEquipmentPurchasesInAccountsPayable`	$259.00K	USD	2 Qtrs
Dividends payable in accrued expenses	`DividendsPayableAmount`	$90.00K	USD	Point-in-time
Dividends payable in accrued expenses	`DividendsPayableAmount`	$135.00K	USD	Point-in-time

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