10-Q Filing

PETMED EXPRESS INC CIK: 1040130 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001437749-17-013354`
Period End Date	20170630
Filing Date	20170731
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	pets-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 40 Cash Flow Statement 50

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$58.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$68.53M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.31M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $31 and $27, respectively	`AccountsReceivableNetCurrent`	$1.81M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $31 and $27, respectively	`AccountsReceivableNetCurrent`	$2.06M	USD	Point-in-time
Inventories - finished goods	`InventoryFinishedGoods`	$23.03M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$27.00K	USD	Point-in-time
Inventories - finished goods	`InventoryFinishedGoods`	$20.23M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$31.00K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.51M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.02M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$95.13M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$81.78M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, liquidation preference (in dollars per share)	`PreferredStockLiquidationPreference`	$4.00	USD	Point-in-time
Preferred stock, liquidation preference (in dollars per share)	`PreferredStockLiquidationPreference`	$4.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$29.68M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$30.16M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$860.00K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$860.00K	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$30.54M	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
Total noncurrent assets	`AssetsNoncurrent`	$31.02M	USD	Point-in-time
Total assets	`Assets`	$125.67M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Total assets	`Assets`	$112.81M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	20.52M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	20.53M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	20.52M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.22M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	20.53M	shares	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.48M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$3.22M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$659.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$6.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$25.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.36M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilities`	$1.09M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilities`	$985.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$19.44M	USD	Point-in-time
Total liabilities	`Liabilities`	$26.63M	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	`PreferredStockValue`	$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	`PreferredStockValue`	$9.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000 shares authorized; 20,525 and 20,526 shares issued and outstanding, respectively	`CommonStockValue`	$21.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000 shares authorized; 20,525 and 20,526 shares issued and outstanding, respectively	`CommonStockValue`	$21.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.30M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.81M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$86.53M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$91.70M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$93.37M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$99.03M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$112.81M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$125.67M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$72.49M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$79.66M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$50.03M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$52.19M	USD	1 Quarter
Gross profit	`GrossProfit`	$27.46M	USD	1 Quarter
Gross profit	`GrossProfit`	$22.45M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.10M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.23M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$6.29M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$5.76M	USD	1 Quarter
Depreciation	`Depreciation`	$531.00K	USD	1 Quarter
Depreciation	`Depreciation`	$194.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$13.05M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$12.05M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$14.42M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$10.40M	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$28.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$83.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$241.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$53.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$324.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$81.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$10.48M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$14.74M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.46M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.28M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.28M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.59M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.46	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.32	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.45	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.29M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.18M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.45M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.33M	shares	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.19	USD	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.28M	USD	1 Quarter
Depreciation	`Depreciation`	$531.00K	USD	1 Quarter
Depreciation	`Depreciation`	$194.00K	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$463.00K	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$494.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-44.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-104.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$28.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$233.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$584.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$279.00K	USD	1 Quarter
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$1.44M	USD	1 Quarter
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$2.80M	USD	1 Quarter
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$494.00K	USD	1 Quarter
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-243.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.14M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$984.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.28M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$5.57M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$3.65M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$696.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$372.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$13.11M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$13.90M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.60M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$43.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-43.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.60M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$4.06M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.83M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-4.06M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-3.83M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.79M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.67M	USD	1 Quarter
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$58.73M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$68.53M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$37.64M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$44.31M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$58.73M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$68.53M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$37.64M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$44.31M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$55.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Prepaid property and equipment in current assets	`PrepaidPropertyAndEquipmentInCurrentAssets`	$2.57M	USD	1 Quarter
Prepaid property and equipment in current assets	`PrepaidPropertyAndEquipmentInCurrentAssets`	-	USD	1 Quarter
Dividends payable in accrued expenses	`LiabilitiesAssumed1`	$194.00K	USD	1 Quarter
Dividends payable in accrued expenses	`LiabilitiesAssumed1`	$293.00K	USD	1 Quarter

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