10-Q Filing

PETMED EXPRESS INC CIK: 1040130 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001188112-12-000191`
Period End Date	20111231
Filing Date	20120131
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	pets-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 76 Cash Flow Statement 60

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.00K	USD	Point-in-time
Allowance for doubtful accounts (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`	$49.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$61.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.14M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5,000.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5,000.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	3.00	shares	Point-in-time
Short term investments - available for sale	`AvailableForSaleSecuritiesCurrent`	$10.12M	USD	Point-in-time
Short term investments - available for sale	`AvailableForSaleSecuritiesCurrent`	$10.30M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	3.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	3.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	3.00	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $5 and $6, respectively	`AccountsReceivableNetCurrent`	$1.64M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $5 and $6, respectively	`AccountsReceivableNetCurrent`	$1.99M	USD	Point-in-time
Inventories - finished goods	`InventoryFinishedGoods`	$25.95M	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`	$2.01M	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`	$1.04M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40,000.00	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$1.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40,000.00	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$1.22M	USD	Point-in-time
Prepaid income taxes	`PrepaidIncomeTaxes`	$664.00K	USD	Point-in-time
Prepaid income taxes	`PrepaidIncomeTaxes`	$102.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	22,331.00	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	20,338.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$89.60M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22,331.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$83.18M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20,338.00	shares	Point-in-time
Long term investments	`LongTermInvestments`	$12.39M	USD	Point-in-time
Long term investments	`LongTermInvestments`	$1.48M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.88M	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`	$88.40M	USD	Point-in-time
Total assets	`Assets`	$106.29M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.14M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.45M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.09M	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`	$8.23M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$359.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$321.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$9.28M	USD	Point-in-time
Total liabilities	`Liabilities`	$8.59M	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; 20,338 and 22,331 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$22.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000 shares authorized; 20,338 and 22,331 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$20.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$79.77M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$97.11M	USD	Point-in-time
Accumulated other comprehensive gain (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-141.00K	USD	Point-in-time
Accumulated other comprehensive gain (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$10.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$79.81M	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`	$88.40M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$50.52M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$45.12M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$182.33M	USD	3 Qtrs
Sales	`SalesRevenueGoodsNet`	$180.73M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$33.37M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$121.13M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$28.19M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$114.25M	USD	3 Qtrs
Gross profit	`GrossProfit`	$61.20M	USD	3 Qtrs
Gross profit	`GrossProfit`	$16.93M	USD	1 Quarter
Gross profit	`GrossProfit`	$66.48M	USD	3 Qtrs
Gross profit	`GrossProfit`	$17.15M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.10M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$16.95M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.24M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$17.02M	USD	3 Qtrs
Advertising	`AdvertisingExpense`	$5.45M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$21.86M	USD	3 Qtrs
Advertising	`AdvertisingExpense`	$23.45M	USD	3 Qtrs
Advertising	`AdvertisingExpense`	$4.44M	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$1.05M	USD	3 Qtrs
Depreciation	`DepreciationNonproduction`	$358.00K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$359.00K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$1.02M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$41.45M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$9.90M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$39.90M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$11.05M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$19.75M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$7.03M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$6.10M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$26.58M	USD	3 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$265.00K	USD	3 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$70.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$228.00K	USD	3 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$98.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-111.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-1.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-144.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$62.00K	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-46.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$290.00K	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$69.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$154.00K	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$20.04M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.17M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.98M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$26.74M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.37M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.01M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.46M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.27M	USD	1 Quarter
Net income	`ProfitLoss`	$4.52M	USD	1 Quarter
Net income	`ProfitLoss`	$16.73M	USD	3 Qtrs
Net income	`ProfitLoss`	$12.66M	USD	3 Qtrs
Net income	`ProfitLoss`	$3.90M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.61	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.74	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.61	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.74	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	22,614.00	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20,788.00	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	22,506.00	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20,082.00	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	20,180.00	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	22,755.00	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	20,886.00	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	22,655.00	shares	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.38	USD	3 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.35	USD	3 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.12	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.12	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$4.52M	USD	1 Quarter
Net income	`ProfitLoss`	$16.73M	USD	3 Qtrs
Net income	`ProfitLoss`	$12.66M	USD	3 Qtrs
Net income	`ProfitLoss`	$3.90M	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$1.05M	USD	3 Qtrs
Depreciation	`DepreciationNonproduction`	$358.00K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$359.00K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$1.02M	USD	3 Qtrs
Share based compensation	`ShareBasedCompensation`	$1.69M	USD	3 Qtrs
Share based compensation	`ShareBasedCompensation`	$1.61M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$202.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-175.00K	USD	3 Qtrs
Bad debt expense	`OtherNoncashExpense`	$30.00K	USD	3 Qtrs
Bad debt expense	`OtherNoncashExpense`	$40.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.26M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-306.00K	USD	3 Qtrs
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$-14.18M	USD	3 Qtrs
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$806.00K	USD	3 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$541.00K	USD	3 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-562.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$977.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.24M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.53M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-182.00K	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-443.00K	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-246.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$13.72M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$31.47M	USD	3 Qtrs
Net change in investments	`PaymentsForProceedsFromInvestments`	$-10.88M	USD	3 Qtrs
Net change in investments	`PaymentsForProceedsFromInvestments`	$10.10M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$491.00K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$624.00K	USD	3 Qtrs
Purchases of intangible asset	`PaymentsToAcquireIntangibleAssets`	$10.00K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$10.25M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-10.61M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$7.93M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$7.91M	USD	3 Qtrs
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$23.68M	USD	3 Qtrs
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$5.22M	USD	3 Qtrs
Tax adjustment related to restricted stock	`TaxAdjustmentRelatedToRestrictedStock`	$25.00K	USD	3 Qtrs
Tax adjustment related to restricted stock	`TaxAdjustmentRelatedToRestrictedStock`	$-71.00K	USD	3 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$252.00K	USD	3 Qtrs
Tax benefit related to stock options exercised	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$124.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-31.67M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-12.76M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.11M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.70M	USD	3 Qtrs
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.66M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$61.25M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$41.97M	USD	Point-in-time
Cash and cash equivalents, at beginning 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`	$61.25M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$41.97M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$53.14M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$10.25M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$7.06M	USD	3 Qtrs
Property and equipment purchases in accounts payable	`PropertyAndEquipmentPurchasesInAccountsPayable`	$259.00K	USD	3 Qtrs
Dividends payable in accrued expenses	`DividendsPayableAmount`	$126.00K	USD	Point-in-time
Dividends payable in accrued expenses	`DividendsPayableAmount`	$167.00K	USD	Point-in-time

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