10-Q Filing

PETMED EXPRESS INC CIK: 1040130 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001437749-19-020948`
Period End Date	20190930
Filing Date	20191030
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	pets-20190930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 80 Cash Flow Statement 54

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`	$22.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$94.90M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$100.53M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$87.13M	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
Accounts receivable, less allowance for doubtful accounts of $22 and $39, respectively	`AccountsReceivableNetCurrent`	$1.47M	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 $22 and $39, respectively	`AccountsReceivableNetCurrent`	$2.54M	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
Inventories - finished goods, net	`InventoryFinishedGoods`	$19.06M	USD	Point-in-time
Inventories - finished goods, net	`InventoryFinishedGoods`	$21.37M	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`	$2.84M	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 outstanding (in shares)	`PreferredStockSharesOutstanding`	3,000.00	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$582.00K	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	3,000.00	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$118.27M	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
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
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	20.18M	shares	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$26.41M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$860.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	20.18M	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
Total noncurrent assets	`AssetsNoncurrent`	$27.27M	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`	$145.54M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.15M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.27M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.87M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.35M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$525.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.63M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilities`	$1.40M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilities`	$1.12M	USD	Point-in-time
Total liabilities	`Liabilities`	$19.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$19.95M	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; 20,175 and 20,674 shares issued and outstanding, respectively	`CommonStockValue`	$21.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000 shares authorized; 20,175 and 20,674 shares issued and outstanding, respectively	`CommonStockValue`	$20.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.35M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.48M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$122.17M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$123.22M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$134.68M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$125.59M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$145.54M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$154.43M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$69.94M	USD	1 Quarter
Sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$71.40M	USD	1 Quarter
Sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$158.79M	USD	2 Qtrs
Sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$149.92M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$46.14M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$103.58M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$49.93M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$108.06M	USD	2 Qtrs
Gross profit	`GrossProfit`	$41.86M	USD	2 Qtrs
Gross profit	`GrossProfit`	$20.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$55.21M	USD	2 Qtrs
Gross profit	`GrossProfit`	$25.25M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$13.13M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$6.30M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.20M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.81M	USD	2 Qtrs
Advertising	`AdvertisingExpense`	$12.01M	USD	2 Qtrs
Advertising	`AdvertisingExpense`	$5.30M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$13.38M	USD	2 Qtrs
Advertising	`AdvertisingExpense`	$4.76M	USD	1 Quarter
Depreciation	`Depreciation`	$572.00K	USD	1 Quarter
Depreciation	`Depreciation`	$1.11M	USD	2 Qtrs
Depreciation	`Depreciation`	$1.14M	USD	2 Qtrs
Depreciation	`Depreciation`	$552.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$27.33M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$11.63M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$26.25M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$12.05M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$8.37M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$13.20M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$14.53M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$28.96M	USD	2 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$459.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$1.03M	USD	2 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$428.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$807.00K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$304.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$572.00K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$255.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$561.00K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$763.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$683.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$1.38M	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$1.59M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$16.12M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.89M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$9.13M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$30.34M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.11M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.00M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.47M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.75M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.67M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.01M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$23.33M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$10.75M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.67M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$12.01M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$23.33M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.53	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.14	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.60	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.60	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.14	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.33	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.52	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.46M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.44M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.96M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.10M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.52M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.48M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.97M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.11M	shares	2 Qtrs
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.27	USD	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.54	USD	2 Qtrs
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.52	USD	2 Qtrs
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.27	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$10.75M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.67M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.01M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$23.33M	USD	2 Qtrs
Depreciation	`Depreciation`	$572.00K	USD	1 Quarter
Depreciation	`Depreciation`	$1.11M	USD	2 Qtrs
Depreciation	`Depreciation`	$1.14M	USD	2 Qtrs
Depreciation	`Depreciation`	$552.00K	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$1.50M	USD	2 Qtrs
Share based compensation	`ShareBasedCompensation`	$1.36M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$189.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$274.00K	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$49.00K	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$64.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-457.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.01M	USD	2 Qtrs
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$-2.31M	USD	2 Qtrs
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$5.28M	USD	2 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-170.00K	USD	2 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-582.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.43M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$94.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-996.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.12M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$568.00K	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-36.00K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$525.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$20.40M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$17.29M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$450.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$416.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-416.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-450.00K	USD	2 Qtrs
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$11.50M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$10.76M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$11.01M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-22.51M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.76M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.63M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.20M	USD	2 Qtrs
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$94.90M	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`	$87.13M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$77.94M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$94.90M	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`	$87.13M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$77.94M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$6.64M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$2.73M	USD	2 Qtrs
Dividends payable in accrued expenses	`LiabilitiesAssumed1`	$207.00K	USD	2 Qtrs
Dividends payable in accrued expenses	`LiabilitiesAssumed1`	$155.00K	USD	2 Qtrs

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