10-Q Filing

PETMED EXPRESS INC CIK: 1040130 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001437749-18-001323`
Period End Date	20171231
Filing Date	20180130
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	pets-20171231.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`	$58.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$81.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.64M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $26 and $27, respectively	`AccountsReceivableNetCurrent`	$1.72M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $26 and $27, respectively	`AccountsReceivableNetCurrent`	$1.81M	USD	Point-in-time
Inventories - finished goods	`InventoryFinishedGoods`	$21.91M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$27.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$26.00K	USD	Point-in-time
Inventories - finished goods	`InventoryFinishedGoods`	$20.23M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	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`	$974.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.02M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$105.59M	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, 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`	$29.14M	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$30.00M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$31.02M	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
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Total assets	`Assets`	$135.59M	USD	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`	$15.22M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	20.60M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.43M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	20.53M	shares	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$9.47M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$659.00K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.48M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$3.03M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$24.93M	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`	$676.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$25.61M	USD	Point-in-time
Total liabilities	`Liabilities`	$19.44M	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; 20,601 and 20,526 shares issued and outstanding, respectively	`CommonStockValue`	$21.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000 shares authorized; 20,601 and 20,526 shares issued and outstanding, respectively	`CommonStockValue`	$21.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.81M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.66M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$101.29M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$86.53M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$109.98M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$93.37M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$112.81M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$135.59M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$206.48M	USD	3 Qtrs
Sales	`SalesRevenueGoodsNet`	$52.87M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$186.14M	USD	3 Qtrs
Sales	`SalesRevenueGoodsNet`	$60.11M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$128.99M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$38.17M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$36.22M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$133.59M	USD	3 Qtrs
Gross profit	`GrossProfit`	$21.94M	USD	1 Quarter
Gross profit	`GrossProfit`	$57.16M	USD	3 Qtrs
Gross profit	`GrossProfit`	$72.89M	USD	3 Qtrs
Gross profit	`GrossProfit`	$16.64M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$17.21M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$18.22M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.36M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.82M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$3.17M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$4.13M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$14.94M	USD	3 Qtrs
Advertising	`AdvertisingExpense`	$13.31M	USD	3 Qtrs
Depreciation	`Depreciation`	$457.00K	USD	1 Quarter
Depreciation	`Depreciation`	$532.00K	USD	1 Quarter
Depreciation	`Depreciation`	$855.00K	USD	3 Qtrs
Depreciation	`Depreciation`	$1.59M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$10.48M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$8.99M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$34.76M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$31.37M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$7.66M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$38.13M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$25.79M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$11.47M	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$191.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$96.00K	USD	3 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$417.00K	USD	3 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$36.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$755.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$206.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$130.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$265.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$166.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$302.00K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$456.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$1.17M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$26.09M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$11.92M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.82M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$39.30M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.20M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.77M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.86M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.32M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$27.10M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.82M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$16.32M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.06M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$27.10M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.81	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.33	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.45	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.24	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.80	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.33	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.44	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.24	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.37M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.34M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.25M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.22M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.43M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.37M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.41M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.44M	shares	3 Qtrs
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.57	USD	3 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`	$0.60	USD	3 Qtrs
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.19	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$9.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.32M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$27.10M	USD	3 Qtrs
Depreciation	`Depreciation`	$457.00K	USD	1 Quarter
Depreciation	`Depreciation`	$532.00K	USD	1 Quarter
Depreciation	`Depreciation`	$855.00K	USD	3 Qtrs
Depreciation	`Depreciation`	$1.59M	USD	3 Qtrs
Share based compensation	`ShareBasedCompensation`	$1.44M	USD	3 Qtrs
Share based compensation	`ShareBasedCompensation`	$1.86M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-412.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.16M	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$368.00K	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$72.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$188.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-21.00K	USD	3 Qtrs
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$-10.66M	USD	3 Qtrs
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$1.68M	USD	3 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	-	USD	3 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$632.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-45.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-857.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.79M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$387.00K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$8.81M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$410.00K	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$530.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$35.15M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$31.64M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.86M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$564.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-564.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.86M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$11.63M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$12.31M	USD	3 Qtrs
Excess tax benefits related to restricted stock	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	3 Qtrs
Excess tax benefits related to restricted stock	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$115.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.31M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.52M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.27M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$22.27M	USD	3 Qtrs
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$58.73M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$47.90M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$81.00M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$37.64M	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`	$47.90M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$81.00M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$37.64M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$3.80M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$9.25M	USD	3 Qtrs
Prepaid property and equipment in current assets	`PrepaidPropertyAndEquipmentInCurrentAssets`	$863.00K	USD	3 Qtrs
Prepaid property and equipment in current assets	`PrepaidPropertyAndEquipmentInCurrentAssets`	-	USD	3 Qtrs
Dividends payable in accrued expenses	`LiabilitiesAssumed1`	$196.00K	USD	3 Qtrs
Dividends payable in accrued expenses	`LiabilitiesAssumed1`	$246.00K	USD	3 Qtrs

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