10-Q Filing

PETMED EXPRESS INC CIK: 1040130 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001188112-12-002308`
Period End Date	20120630
Filing Date	20120731
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	pets-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 39 Cash Flow Statement 49

Balance Sheet 63 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$57.35M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.41M	USD	Point-in-time
Short term investments - available for sale	`AvailableForSaleSecuritiesCurrent`	$10.35M	USD	Point-in-time
Short term investments - available for sale	`AvailableForSaleSecuritiesCurrent`	$10.38M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $7 and $5, respectively	`AccountsReceivableNetCurrent`	$1.57M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $7 and $5, respectively	`AccountsReceivableNetCurrent`	$2.39M	USD	Point-in-time
Inventories - finished goods	`InventoryFinishedGoods`	$26.22M	USD	Point-in-time
Inventories - finished goods	`InventoryFinishedGoods`	$18.31M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.66M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.24M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$1.11M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$1.23M	USD	Point-in-time
Prepaid income taxes	`PrepaidIncomeTaxes`	$199.00K	USD	Point-in-time
Allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$7.00K	USD	Point-in-time
Allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.00K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$87.61M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$91.21M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.48M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.60M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Intangible asset	`IntangibleAssetsNetExcludingGoodwill`	$860.00K	USD	Point-in-time
Intangible asset	`IntangibleAssetsNetExcludingGoodwill`	$860.00K	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
Total assets	`Assets`	$91.06M	USD	Point-in-time
Total assets	`Assets`	$94.54M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	20.34M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	20.34M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.34M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.34M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.25M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.16M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.77M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.21M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.39M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.63M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$270.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$492.00K	USD	Point-in-time
Total liabilities:	`Liabilities`	$9.88M	USD	Point-in-time
Total liabilities:	`Liabilities`	$11.90M	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; 20,335 and 20,338 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$20.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000 shares authorized; 20,335 and 20,338 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$20.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$554.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$81.11M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$82.01M	USD	Point-in-time
Accumulated other comprehensive gain	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$44.00K	USD	Point-in-time
Accumulated other comprehensive gain	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$53.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$81.18M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$82.64M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$94.54M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$91.06M	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$68.95M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$73.58M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$49.47M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$46.65M	USD	1 Quarter
Gross profit	`GrossProfit`	$24.11M	USD	1 Quarter
Gross profit	`GrossProfit`	$22.30M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.92M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.10M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$9.85M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$10.10M	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$328.00K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$341.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$16.55M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$16.10M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$7.57M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$6.20M	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$86.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$59.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-1.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$59.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$85.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.26M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.65M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.81M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.31M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.95M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.84M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.22	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.22	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.12M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	21.65M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.77M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.25M	shares	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.96M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.93M	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`	$0.15	USD	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.95M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.84M	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$328.00K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$341.00K	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$565.00K	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$554.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-101.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-155.00K	USD	1 Quarter
Bad debt expense	`OtherNoncashExpense`	$19.00K	USD	1 Quarter
Bad debt expense	`OtherNoncashExpense`	$11.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$831.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$338.00K	USD	1 Quarter
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$-7.90M	USD	1 Quarter
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$934.00K	USD	1 Quarter
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-199.00K	USD	1 Quarter
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-664.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$417.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$398.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.70M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$633.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.21M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.30M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-60.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-643.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$8.54M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$13.80M	USD	1 Quarter
Net change in investments	`PaymentsForProceedsFromInvestments`	$-7.62M	USD	1 Quarter
Net change in investments	`PaymentsForProceedsFromInvestments`	$26.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$82.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$207.00K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$7.54M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-233.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.02M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$2.75M	USD	1 Quarter
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$13.58M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-3.02M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-16.33M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-247.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.55M	USD	1 Quarter
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$46.80M	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`	$57.35M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.41M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$46.80M	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`	$57.35M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$49.41M	USD	Point-in-time
Dividends payable in accrued expenses	`DividendsPayableInAccruedExpenses`	$200.00K	USD	1 Quarter
Dividends payable in accrued expenses	`DividendsPayableInAccruedExpenses`	$174.00K	USD	1 Quarter

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