10-Q Filing

PETMED EXPRESS INC CIK: 1040130 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001188112-13-002133`
Period End Date	20130630
Filing Date	20130730
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	pets-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 41 Cash Flow Statement 48

Balance Sheet 63 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$57.35M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.16M	USD	Point-in-time
Short term investments - available for sale	`AvailableForSaleSecuritiesCurrent`	$15.46M	USD	Point-in-time
Short term investments - available for sale	`AvailableForSaleSecuritiesCurrent`	$15.49M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $9 and $5, respectively	`AccountsReceivableNetCurrent`	$1.44M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $9 and $5, respectively	`AccountsReceivableNetCurrent`	$2.53M	USD	Point-in-time
Inventories - finished goods	`InventoryFinishedGoods`	$31.60M	USD	Point-in-time
Inventories - finished goods	`InventoryFinishedGoods`	$21.58M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.13M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.52M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$982.00K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$983.00K	USD	Point-in-time
Allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$9.00K	USD	Point-in-time
Allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$78.68M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$70.19M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.89M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.13M	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
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$860.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$860.00K	USD	Point-in-time
Total assets	`Assets`	$73.18M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total assets	`Assets`	$81.43M	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
Common stock, shares issued	`CommonStockSharesIssued`	20.11M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	20.11M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.11M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.45M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.11M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.27M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.25M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.38M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.64M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$162.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.00M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$168.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$204.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$15.36M	USD	Point-in-time
Total liabilities	`Liabilities`	$9.16M	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; 20,109 and 20,109 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$20.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000 shares authorized; 20,109 and 20,109 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$20.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$362.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$63.99M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$65.73M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-48.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$64.01M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$66.07M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$73.18M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$81.43M	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$74.19M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$68.95M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$46.65M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$50.18M	USD	1 Quarter
Gross profit	`GrossProfit`	$22.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$24.01M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.92M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.87M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$10.39M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$9.85M	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$328.00K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$248.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$16.10M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$16.52M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$6.20M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$7.50M	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$59.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$47.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-2.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$45.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$59.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.26M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.54M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.79M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.31M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.75M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.95M	USD	1 Quarter
Net change in unrealized gain (loss) on short term investments	`OtherComprehensiveIncomeLossUnrealizedGainLossOnShortTermAndLongTermInvestmentsNetOfTax`	$9.00K	USD	1 Quarter
Net change in unrealized gain (loss) on short term investments	`OtherComprehensiveIncomeLossUnrealizedGainLossOnShortTermAndLongTermInvestmentsNetOfTax`	$-46.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.71M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.96M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.24	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.24	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.85M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.12M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.25M	shares	1 Quarter
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`	$0.15	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$4.75M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.95M	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$328.00K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$248.00K	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$362.00K	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`	$35.00K	USD	1 Quarter
Bad debt expense	`OtherNoncashExpense`	$24.00K	USD	1 Quarter
Bad debt expense	`OtherNoncashExpense`	$11.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$831.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.11M	USD	1 Quarter
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$-10.03M	USD	1 Quarter
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$-7.90M	USD	1 Quarter
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-199.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$609.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$417.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$633.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.82M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.21M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.47M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-175.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-643.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$19.84M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$13.80M	USD	1 Quarter
Net change in investments	`PaymentsForProceedsFromInvestments`	$21.00K	USD	1 Quarter
Net change in investments	`PaymentsForProceedsFromInvestments`	$26.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$207.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-25.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-233.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$2.98M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.02M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.98M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-3.02M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$16.84M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.55M	USD	1 Quarter
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$35.00M	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`	$57.35M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.16M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$35.00M	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`	$57.35M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$18.16M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$279.00K	USD	1 Quarter
Dividends payable in accrued expenses	`DividendsPayableInAccruedExpenses`	$315.00K	USD	1 Quarter
Dividends payable in accrued expenses	`DividendsPayableInAccruedExpenses`	$200.00K	USD	1 Quarter

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