10-Q Filing

PETMED EXPRESS INC CIK: 1040130 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001188112-12-003187`
Period End Date	20120930
Filing Date	20121031
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	pets-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 78 Cash Flow Statement 57

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.14M	USD	Point-in-time
Short term investments - available for sale	`AvailableForSaleSecuritiesCurrent`	$15.43M	USD	Point-in-time
Short term investments - available for sale	`AvailableForSaleSecuritiesCurrent`	$10.35M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $6 and $5, respectively	`AccountsReceivableNetCurrent`	$1.89M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $6 and $5, respectively	`AccountsReceivableNetCurrent`	$1.57M	USD	Point-in-time
Inventories - finished goods	`InventoryFinishedGoods`	$19.59M	USD	Point-in-time
Inventories - finished goods	`InventoryFinishedGoods`	$26.22M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.05M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.24M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$852.00K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$1.23M	USD	Point-in-time
Allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.00K	USD	Point-in-time
Prepaid income taxes	`PrepaidIncomeTaxes`	$199.00K	USD	Point-in-time
Prepaid income taxes	`PrepaidIncomeTaxes`	$349.00K	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
Total current assets	`AssetsCurrent`	$87.61M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$86.19M	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.31M	USD	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
Intangible asset	`IntangibleAssetsNetExcludingGoodwill`	$860.00K	USD	Point-in-time
Intangible asset	`IntangibleAssetsNetExcludingGoodwill`	$860.00K	USD	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
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`	$89.36M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	20.34M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	20.01M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.34M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.01M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.96M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.62M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.07M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.77M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.39M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.02M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$227.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$492.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$9.25M	USD	Point-in-time
Total liabilities	`Liabilities`	$9.88M	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; 20,007 and 20,338 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$20.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000 shares authorized; 20,007 and 20,338 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$20.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$81.11M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$80.02M	USD	Point-in-time
Accumulated other comprehensive gain	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$44.00K	USD	Point-in-time
Accumulated other comprehensive gain	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$69.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$80.11M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$81.18M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$91.06M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$89.36M	USD	Point-in-time

Income Statement 78 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$58.23M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$58.15M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$131.80M	USD	2 Qtrs
Sales	`SalesRevenueGoodsNet`	$127.10M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$38.77M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$87.76M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$85.43M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$38.29M	USD	1 Quarter
Gross profit	`GrossProfit`	$19.93M	USD	1 Quarter
Gross profit	`GrossProfit`	$41.67M	USD	2 Qtrs
Gross profit	`GrossProfit`	$44.04M	USD	2 Qtrs
Gross profit	`GrossProfit`	$19.37M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.60M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.71M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$11.29M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.37M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$7.42M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$7.90M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$17.27M	USD	2 Qtrs
Advertising	`AdvertisingExpense`	$18.00M	USD	2 Qtrs
Depreciation	`DepreciationNonproduction`	$249.00K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$346.00K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$577.00K	USD	2 Qtrs
Depreciation	`DepreciationNonproduction`	$687.00K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$29.14M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$30.40M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$13.04M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$13.85M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$6.33M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$6.08M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$13.64M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$12.53M	USD	2 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$123.00K	USD	2 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$158.00K	USD	2 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$64.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$72.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$64.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$63.00K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$221.00K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$136.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$123.00K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$64.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.65M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.39M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.87M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.22M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.10M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.67M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.29M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.36M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.03M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.77M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$7.99M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$3.93M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.41	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.40	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.40	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.41	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	21.14M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.04M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.64M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.96M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.06M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.24M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.71M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.15M	shares	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.98M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.05M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.91M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.01M	USD	2 Qtrs
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.30	USD	2 Qtrs
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.15	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`	$0.25	USD	2 Qtrs

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$4.03M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.77M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$7.99M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$3.93M	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$249.00K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$346.00K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$577.00K	USD	2 Qtrs
Depreciation	`DepreciationNonproduction`	$687.00K	USD	2 Qtrs
Share based compensation	`ShareBasedCompensation`	$1.04M	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$1.04M	USD	2 Qtrs
Share based compensation	`ShareBasedCompensation`	$1.13M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$113.00K	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`	$27.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-527.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$343.00K	USD	2 Qtrs
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$-6.63M	USD	2 Qtrs
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$-6.03M	USD	2 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$150.00K	USD	2 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$26.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-194.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$923.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$337.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$86.00K	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-215.00K	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-673.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$16.20M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$15.73M	USD	2 Qtrs
Net change in investments	`PaymentsForProceedsFromInvestments`	$-9.69M	USD	2 Qtrs
Net change in investments	`PaymentsForProceedsFromInvestments`	$5.05M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$293.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$291.00K	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$9.40M	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.34M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$5.40M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$6.12M	USD	2 Qtrs
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$22.64M	USD	2 Qtrs
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$3.87M	USD	2 Qtrs
Tax adjustment related to restricted stock	`TaxAdjustmentRelatedToRestrictedStock`	$71.00K	USD	2 Qtrs
Tax adjustment related to restricted stock	`TaxAdjustmentRelatedToRestrictedStock`	$168.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-28.12M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-10.15M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.52M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$240.00K	USD	2 Qtrs
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$47.04M	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`	$46.80M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$47.14M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$47.04M	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`	$46.80M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$47.14M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$5.08M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$4.87M	USD	2 Qtrs
Dividends payable in accrued expenses	`DividendsPayableInAccruedExpenses`	$136.00K	USD	2 Qtrs
Dividends payable in accrued expenses	`DividendsPayableInAccruedExpenses`	$135.00K	USD	2 Qtrs

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