10-Q Filing

PETMED EXPRESS INC CIK: 1040130 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001437749-19-014942`
Period End Date	20190630
Filing Date	20190730
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	pets-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 40 Cash Flow Statement 48

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$39.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$33.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$83.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$100.53M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$77.94M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$94.56M	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
Accounts receivable, less allowance for doubtful accounts of $33 and $39, respectively	`AccountsReceivableNetCurrent`	$2.15M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $33 and $39, respectively	`AccountsReceivableNetCurrent`	$2.54M	USD	Point-in-time
Inventories - finished goods	`InventoryFinishedGoods`	$30.17M	USD	Point-in-time
Preferred stock, liquidation preference (in dollars per share)	`PreferredStockLiquidationPreference`	$4.00	USD	Point-in-time
Inventories - finished goods	`InventoryFinishedGoods`	$21.37M	USD	Point-in-time
Preferred stock, liquidation preference (in dollars per share)	`PreferredStockLiquidationPreference`	$4.00	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	3,000.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.41M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	3,000.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.51M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	3,000.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	3,000.00	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$582.00K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$126.43M	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 current assets	`AssetsCurrent`	$117.22M	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$26.76M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	20.67M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$27.14M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	20.06M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	20.67M	shares	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$860.00K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$860.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	20.06M	shares	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$27.62M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$28.00M	USD	Point-in-time
Total assets	`Assets`	$154.43M	USD	Point-in-time
Total assets	`Assets`	$144.84M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.69M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.27M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.35M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$3.33M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.24M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.25M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.63M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilities`	$939.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilities`	$1.12M	USD	Point-in-time
Total liabilities	`Liabilities`	$21.19M	USD	Point-in-time
Total liabilities	`Liabilities`	$19.75M	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; 20,060 and 20,674 shares issued and outstanding, respectively	`CommonStockValue`	$20.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000 shares authorized; 20,060 and 20,674 shares issued and outstanding, respectively	`CommonStockValue`	$21.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.48M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.62M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$122.17M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$122.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$123.64M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$134.68M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$154.43M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$144.84M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$87.39M	USD	1 Quarter
Sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$79.99M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$57.44M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$58.13M	USD	1 Quarter
Gross profit	`GrossProfit`	$29.95M	USD	1 Quarter
Gross profit	`GrossProfit`	$21.86M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.51M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.93M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$8.62M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$6.71M	USD	1 Quarter
Depreciation	`Depreciation`	$568.00K	USD	1 Quarter
Depreciation	`Depreciation`	$556.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$15.70M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$14.20M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$6.16M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$15.76M	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$567.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$379.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$257.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$317.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$696.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$824.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$16.45M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.99M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.64M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.87M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.58M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.34M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$12.58M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.34M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.26	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.62	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.62	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.26	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.23M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.41M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.45M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.25M	shares	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.25	USD	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.27	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$12.58M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.34M	USD	1 Quarter
Depreciation	`Depreciation`	$568.00K	USD	1 Quarter
Depreciation	`Depreciation`	$556.00K	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$635.00K	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$719.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-165.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-182.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$25.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$32.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$171.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-372.00K	USD	1 Quarter
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$1.71M	USD	1 Quarter
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$8.80M	USD	1 Quarter
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-582.00K	USD	1 Quarter
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-788.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$98.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$396.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.91M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-586.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$934.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$643.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$3.25M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.24M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$36.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$22.03M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$306.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$192.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-192.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-306.00K	USD	1 Quarter
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$11.50M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$5.10M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$5.48M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-16.98M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.10M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$16.62M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-17.13M	USD	1 Quarter
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$83.40M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$100.53M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$77.94M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$94.56M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$83.40M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$100.53M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$77.94M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$94.56M	USD	Point-in-time
Dividends payable in accrued expenses	`LiabilitiesAssumed1`	$288.00K	USD	1 Quarter
Dividends payable in accrued expenses	`LiabilitiesAssumed1`	$243.00K	USD	1 Quarter

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