10-Q Filing

PETMED EXPRESS INC CIK: 1040130 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001437749-17-017912`
Period End Date	20170930
Filing Date	20171031
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	pets-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 80 Cash Flow Statement 56

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$51.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$68.44M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$58.73M	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`	$2.01M	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
Inventories - finished goods	`InventoryFinishedGoods`	$23.00M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$27.00K	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`	$1.02M	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`	$1.11M	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
Total current assets	`AssetsCurrent`	$94.57M	USD	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`	$30.16M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$29.46M	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`	$31.02M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$30.32M	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 (in shares)	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Total assets	`Assets`	$112.81M	USD	Point-in-time
Total assets	`Assets`	$124.88M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	20.60M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	20.53M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.22M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	20.60M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	20.53M	shares	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.87M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.48M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$6.01M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$659.00K	USD	Point-in-time
Total liabilities	`LiabilitiesCurrent`	$18.36M	USD	Point-in-time
Total liabilities	`LiabilitiesCurrent`	$19.25M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilities`	$1.09M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilities`	$1.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$19.44M	USD	Point-in-time
Total liabilities	`Liabilities`	$20.56M	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; 20,604 and 20,526 shares issued and outstanding, respectively	`CommonStockValue`	$21.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000 shares authorized; 20,604 and 20,526 shares issued and outstanding, respectively	`CommonStockValue`	$21.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.95M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.81M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$96.34M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$86.53M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$104.32M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$93.37M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$124.88M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$112.81M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$146.37M	USD	2 Qtrs
Sales	`SalesRevenueGoodsNet`	$60.79M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$133.28M	USD	2 Qtrs
Sales	`SalesRevenueGoodsNet`	$66.71M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$42.73M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$43.23M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$92.76M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$95.42M	USD	2 Qtrs
Gross profit	`GrossProfit`	$50.94M	USD	2 Qtrs
Gross profit	`GrossProfit`	$23.48M	USD	1 Quarter
Gross profit	`GrossProfit`	$40.52M	USD	2 Qtrs
Gross profit	`GrossProfit`	$18.06M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.75M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.85M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$12.40M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$6.18M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$10.14M	USD	2 Qtrs
Advertising	`AdvertisingExpense`	$4.53M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$10.82M	USD	2 Qtrs
Advertising	`AdvertisingExpense`	$4.38M	USD	1 Quarter
Depreciation	`Depreciation`	$1.06M	USD	2 Qtrs
Depreciation	`Depreciation`	$398.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$204.00K	USD	1 Quarter
Depreciation	`Depreciation`	$527.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$24.28M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$22.39M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$11.23M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$10.33M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$26.66M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$18.13M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$7.73M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$12.25M	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$143.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$32.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$226.00K	USD	2 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$60.00K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$249.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$490.00K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$23.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$76.00K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$55.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$136.00K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$392.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$716.00K	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.64M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.79M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$27.38M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$18.27M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.77M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.88M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.89M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.34M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$11.49M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$18.04M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$8.76M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.90M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.76M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.90M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$11.49M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$18.04M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.57	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.24	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.89	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.43	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.43	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.24	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.56	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.88	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.21M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.23M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.32M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.35M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.38M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.44M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.36M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.44M	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`	$0.40	USD	2 Qtrs
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.38	USD	2 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$11.49M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$18.04M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$8.76M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.90M	USD	1 Quarter
Depreciation	`Depreciation`	$1.06M	USD	2 Qtrs
Depreciation	`Depreciation`	$398.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$204.00K	USD	1 Quarter
Depreciation	`Depreciation`	$527.00K	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$1.15M	USD	2 Qtrs
Share based compensation	`ShareBasedCompensation`	$946.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$364.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$216.00K	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$352.00K	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$46.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$250.00K	USD	2 Qtrs
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$-10.77M	USD	2 Qtrs
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$2.78M	USD	2 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-222.00K	USD	2 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	-	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$87.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.76M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.84M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.14M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$5.35M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$411.00K	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$335.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$27.79M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$18.30M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$350.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.86M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.86M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-350.00K	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$7.78M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$8.24M	USD	2 Qtrs
Excess tax benefits related to restricted stock	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$115.00K	USD	2 Qtrs
Excess tax benefits related to restricted stock	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.67M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.24M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.71M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$14.26M	USD	2 Qtrs
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$51.90M	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`	$68.44M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$58.73M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$51.90M	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`	$68.44M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$58.73M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$6.19M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$3.78M	USD	2 Qtrs
Prepaid property and equipment in current assets	`PrepaidPropertyAndEquipmentInCurrentAssets`	$5.82M	USD	2 Qtrs
Prepaid property and equipment in current assets	`PrepaidPropertyAndEquipmentInCurrentAssets`	-	USD	2 Qtrs
Dividends payable in accrued expenses	`LiabilitiesAssumed1`	$144.00K	USD	2 Qtrs
Dividends payable in accrued expenses	`LiabilitiesAssumed1`	$202.00K	USD	2 Qtrs

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