10-Q Filing

PHYSICIANS FORMULA HOLDINGS, INC. CIK: 1269871 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001269871-12-000015`
Period End Date	20120331
Filing Date	20120504
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	face-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 28 Cash Flow Statement 68

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.40M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.45M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$110.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$63.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.00K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,404 and $1,452 as of March 31, 2012 and December 31, 2011, respectively	`AccountsReceivableNetCurrent`	$21.50M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,404 and $1,452 as of March 31, 2012 and December 31, 2011, respectively	`AccountsReceivableNetCurrent`	$25.76M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$25.22M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Inventories	`InventoryNet`	$24.19M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.94M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.64M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$437.00K	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$273.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsNetCurrent`	$8.24M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsNetCurrent`	$8.68M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$62.04M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$56.90M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.62M	shares	Point-in-time
PROPERTY AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$2.60M	USD	Point-in-time
PROPERTY AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$2.40M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.71M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.71M	shares	Point-in-time
OTHER ASSETS, NET	`OtherAssetsNoncurrent`	$5.36M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.62M	shares	Point-in-time
OTHER ASSETS, NET	`OtherAssetsNoncurrent`	$5.54M	USD	Point-in-time
INTANGIBLE ASSETS, NET	`IntangibleAssetsNetExcludingGoodwill`	$30.49M	USD	Point-in-time
INTANGIBLE ASSETS, NET	`IntangibleAssetsNetExcludingGoodwill`	$30.05M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$94.88M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$100.48M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.45M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.51M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.49M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.74M	USD	Point-in-time
Trade allowances	`AccruedMarketingCostsCurrent`	$7.46M	USD	Point-in-time
Trade allowances	`AccruedMarketingCostsCurrent`	$10.08M	USD	Point-in-time
Sales returns reserve	`SalesReturnsReserve`	$8.64M	USD	Point-in-time
Sales returns reserve	`SalesReturnsReserve`	$10.94M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$429.00K	USD	Point-in-time
Line of credit borrowings	`LinesOfCreditCurrent`	$4.69M	USD	Point-in-time
Line of credit borrowings	`LinesOfCreditCurrent`	-	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$30.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$38.27M	USD	Point-in-time
DEFERRED TAX LIABILITIES, NET	`DeferredTaxLiabilitiesNoncurrent`	$8.15M	USD	Point-in-time
DEFERRED TAX LIABILITIES, NET	`DeferredTaxLiabilitiesNoncurrent`	$8.15M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebt`	$2.92M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebt`	$2.67M	USD	Point-in-time
OTHER LONG-TERM LIABILITIES	`OtherLiabilitiesNoncurrent`	$307.00K	USD	Point-in-time
OTHER LONG-TERM LIABILITIES	`OtherLiabilitiesNoncurrent`	$272.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$49.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$41.28M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (NOTE 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (NOTE 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Series A preferred stock, $0.01 par value10,000,000 shares authorized, no shares issued and outstanding at March 31, 2012 and December 31, 2011	`PreferredStockValue`	-	USD	Point-in-time
Series A preferred stock, $0.01 par value10,000,000 shares authorized, no shares issued and outstanding at March 31, 2012 and December 31, 2011	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value50,000,000 shares authorized, 13,712,558 and 13,620,900 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$137.00K	USD	Point-in-time
Common stock, $0.01 par value50,000,000 shares authorized, 13,712,558 and 13,620,900 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$136.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$63.13M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$62.81M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.66M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.09M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$50.86M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$53.60M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$94.88M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$100.48M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
NET SALES	`SalesRevenueGoodsNet`	$26.20M	USD	1 Quarter
NET SALES	`SalesRevenueGoodsNet`	$21.14M	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$10.87M	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$12.80M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$13.40M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$10.27M	USD	1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpenses`	$9.78M	USD	1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpenses`	$8.82M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$1.45M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$3.62M	USD	1 Quarter
INTEREST EXPENSE, NET	`InterestExpenseNet`	$156.00K	USD	1 Quarter
INTEREST EXPENSE, NET	`InterestExpenseNet`	$595.00K	USD	1 Quarter
OTHER INCOME	`OtherNonoperatingGainsLosses`	$33.00K	USD	1 Quarter
OTHER INCOME	`OtherNonoperatingGainsLosses`	$12.00K	USD	1 Quarter
INCOME BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$866.00K	USD	1 Quarter
INCOME BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.50M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$1.07M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$415.00K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$2.42M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$451.00K	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.18	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.59M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.67M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.84M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.80M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Non-cash capital expenditures	`NoncashCapitalExpenditures`	$177.00K	USD	1 Quarter
Non-cash capital expenditures	`NoncashCapitalExpenditures`	$-26.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.42M	USD	1 Quarter
Non-cash retail permanent fixtures expenditures	`NoncashRetailPermanentFixturesExpenditures`	$615.00K	USD	1 Quarter
Non-cash retail permanent fixtures expenditures	`NoncashRetailPermanentFixturesExpenditures`	$-254.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$451.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.19M	USD	1 Quarter
Loss on disposal of other assets	`GainLossOnSaleOfOtherAssets`	$-68.00K	USD	1 Quarter
Loss on disposal of other assets	`GainLossOnSaleOfOtherAssets`	-	USD	1 Quarter
Exchange rate loss	`ForeignCurrencyTransactionGainLossUnrealized`	$-12.00K	USD	1 Quarter
Exchange rate loss	`ForeignCurrencyTransactionGainLossUnrealized`	$-11.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-178.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$440.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$-17.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$24.00K	USD	1 Quarter
Amortization of debt discount and debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$195.00K	USD	1 Quarter
Amortization of debt discount and debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$42.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$110.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$202.00K	USD	1 Quarter
Payment in kind interest	`PaidInKindInterest`	$84.00K	USD	1 Quarter
Payment in kind interest	`PaidInKindInterest`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.26M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$686.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.05M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$251.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$698.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-357.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-940.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.35M	USD	1 Quarter
Accrued expenses, trade allowances and sales returns reserve	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-929.00K	USD	1 Quarter
Accrued expenses, trade allowances and sales returns reserve	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$1.59M	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$593.00K	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-10.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$2.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$2.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.21M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.04M	USD	1 Quarter
Purchase of property and equipment, net of ($26) and $177 non-cash capital expenditures for the three months ended March 31, 2012 and 2011, respectively	`PaymentsToAcquirePropertyPlantAndEquipment`	$95.00K	USD	1 Quarter
Purchase of property and equipment, net of ($26) and $177 non-cash capital expenditures for the three months ended March 31, 2012 and 2011, respectively	`PaymentsToAcquirePropertyPlantAndEquipment`	$469.00K	USD	1 Quarter
Other assets, net of $615 and ($254) non-cash retail permanent fixture expenditures for the three months ended March 31, 2012 and 2011, respectively	`PaymentsForProceedsFromOtherInvestingActivities`	$1.30M	USD	1 Quarter
Other assets, net of $615 and ($254) non-cash retail permanent fixture expenditures for the three months ended March 31, 2012 and 2011, respectively	`PaymentsForProceedsFromOtherInvestingActivities`	$1.11M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.58M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.40M	USD	1 Quarter
Net payments on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-4.69M	USD	1 Quarter
Net payments on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-564.00K	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$250.00K	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$12.00K	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$2.00K	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$198.00K	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.75M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-566.00K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-107.00K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$60.00K	USD	1 Quarter
CASH AND CASH EQUIVALENTS--Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS--Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$110.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS--Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$63.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS--Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS--End of period	`CashAndCashEquivalentsAtCarryingValue`	$3.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS--End of period	`CashAndCashEquivalentsAtCarryingValue`	$110.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS--End of period	`CashAndCashEquivalentsAtCarryingValue`	$63.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS--End of period	`CashAndCashEquivalentsAtCarryingValue`	$3.00K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$123.00K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$311.00K	USD	1 Quarter
Cash paid for income taxes, net	`IncomeTaxesPaidNet`	$599.00K	USD	1 Quarter
Cash paid for income taxes, net	`IncomeTaxesPaidNet`	$37.00K	USD	1 Quarter

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