10-Q Filing

PETMED EXPRESS INC CIK: 1040130 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001188112-13-000195`
Period End Date	20121231
Filing Date	20130129
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	pets-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 80 Cash Flow Statement 57

Balance Sheet 62 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`	$30.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.97M	USD	Point-in-time
Short term investments - available for sale	`AvailableForSaleSecuritiesCurrent`	$10.35M	USD	Point-in-time
Short term investments - available for sale	`AvailableForSaleSecuritiesCurrent`	$15.46M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $2 and $5, respectively	`AccountsReceivableNetCurrent`	$744.00K	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $2 and $5, respectively	`AccountsReceivableNetCurrent`	$1.57M	USD	Point-in-time
Inventories - finished goods	`InventoryFinishedGoods`	$18.72M	USD	Point-in-time
Inventories - finished goods	`InventoryFinishedGoods`	$26.22M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.58M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.24M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$1.23M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$1.06M	USD	Point-in-time
Allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.00K	USD	Point-in-time
Allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.00K	USD	Point-in-time
Prepaid income taxes	`PrepaidIncomeTaxes`	$199.00K	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`	$67.58M	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.60M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.29M	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	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`	$70.73M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	20.34M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	20.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.00M	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`	$5.97M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.19M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.77M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$246.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.41M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.39M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$247.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$492.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$8.66M	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; 20,001 and 20,338 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$20.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000 shares authorized; 20,001 and 20,338 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$20.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$62.05M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$81.11M	USD	Point-in-time
Accumulated other comprehensive (loss) gain	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$44.00K	USD	Point-in-time
Accumulated other comprehensive (loss) gain	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-14.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$62.07M	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`	$70.73M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$50.52M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$49.61M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$182.33M	USD	3 Qtrs
Sales	`SalesRevenueGoodsNet`	$176.71M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$32.40M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$33.37M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$117.82M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$121.13M	USD	3 Qtrs
Gross profit	`GrossProfit`	$61.20M	USD	3 Qtrs
Gross profit	`GrossProfit`	$58.89M	USD	3 Qtrs
Gross profit	`GrossProfit`	$17.21M	USD	1 Quarter
Gross profit	`GrossProfit`	$17.15M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.15M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$16.44M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.24M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$16.95M	USD	3 Qtrs
Advertising	`AdvertisingExpense`	$4.60M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$23.45M	USD	3 Qtrs
Advertising	`AdvertisingExpense`	$21.88M	USD	3 Qtrs
Advertising	`AdvertisingExpense`	$5.45M	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$1.05M	USD	3 Qtrs
Depreciation	`DepreciationNonproduction`	$254.00K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$831.00K	USD	3 Qtrs
Depreciation	`DepreciationNonproduction`	$359.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$41.45M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$11.05M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$39.15M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$10.00M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$7.21M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$19.75M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$19.74M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$6.10M	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$141.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$264.00K	USD	3 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$70.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$228.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-1.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-3.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$62.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-3.00K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$290.00K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$138.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$69.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$261.00K	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.35M	USD	1 Quarter
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`	$20.00M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.37M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.27M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.44M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.77M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.56M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.58M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.66M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.61	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.63	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.61	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.63	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.79M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.81M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.96M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.08M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.08M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.89M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.92M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.18M	shares	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.49M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.91M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$12.82M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$12.51M	USD	3 Qtrs
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$1.45	USD	3 Qtrs
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$1.15	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`	$0.38	USD	3 Qtrs

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.56M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.58M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.66M	USD	3 Qtrs
Depreciation	`DepreciationNonproduction`	$1.05M	USD	3 Qtrs
Depreciation	`DepreciationNonproduction`	$254.00K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$831.00K	USD	3 Qtrs
Depreciation	`DepreciationNonproduction`	$359.00K	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$1.50M	USD	3 Qtrs
Share based compensation	`ShareBasedCompensation`	$1.69M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-77.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-175.00K	USD	3 Qtrs
Bad debt expense	`OtherNoncashExpense`	$37.00K	USD	3 Qtrs
Bad debt expense	`OtherNoncashExpense`	$40.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-306.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-791.00K	USD	3 Qtrs
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$806.00K	USD	3 Qtrs
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$-7.50M	USD	3 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-199.00K	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`	$337.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-182.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-645.00K	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-761.00K	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-443.00K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$246.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$21.84M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$13.72M	USD	3 Qtrs
Net change in investments	`PaymentsForProceedsFromInvestments`	$-10.88M	USD	3 Qtrs
Net change in investments	`PaymentsForProceedsFromInvestments`	$5.17M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$529.00K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$624.00K	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$10.25M	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.70M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$28.90M	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`	$3.87M	USD	3 Qtrs
Tax adjustment related to restricted stock	`TaxAdjustmentRelatedToRestrictedStock`	$71.00K	USD	3 Qtrs
Tax adjustment related to restricted stock	`TaxAdjustmentRelatedToRestrictedStock`	$168.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-32.93M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-31.67M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-16.78M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.70M	USD	3 Qtrs
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`	$30.02M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$41.97M	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`	$30.02M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$41.97M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$7.24M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$7.06M	USD	3 Qtrs
Dividends payable in accrued expenses	`DividendsPayableInAccruedExpenses`	$351.00K	USD	3 Qtrs
Dividends payable in accrued expenses	`DividendsPayableInAccruedExpenses`	$167.00K	USD	3 Qtrs

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