10-Q Filing

PETMED EXPRESS INC CIK: 1040130 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001437749-20-001273`
Period End Date	20191231
Filing Date	20200128
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	pets-20191231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 80 Cash Flow Statement 56

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`	$31.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$77.94M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$93.17M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$92.37M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $31 and $39, respectively	`AccountsReceivableNetCurrent`	$2.54M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $31 and $39, respectively	`AccountsReceivableNetCurrent`	$2.05M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5,000.00	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5,000.00	shares	Point-in-time
Preferred stock, liquidation preference (in dollars per share)	`PreferredStockLiquidationPreference`	$4.00	USD	Point-in-time
Inventories - finished goods	`InventoryFinishedGoods`	$24.16M	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, shares issued (in shares)	`PreferredStockSharesIssued`	3.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.41M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	3.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.18M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$582.00K	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	3.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	3.00	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	-	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`	$122.77M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$126.43M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	40,000.00	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	40,000.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$27.14M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	20,674.00	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	20,166.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$25.92M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$860.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	20,166.00	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	20,674.00	shares	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$860.00K	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$28.00M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$26.78M	USD	Point-in-time
Total assets	`Assets`	$149.54M	USD	Point-in-time
Total assets	`Assets`	$154.43M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.64M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.27M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$3.19M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.35M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$895.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.63M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.73M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilities`	$1.12M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilities`	$1.11M	USD	Point-in-time
Total liabilities	`Liabilities`	$21.83M	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; 20,166 and 20,674 shares issued and outstanding, respectively	`CommonStockValue`	$20.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000 shares authorized; 20,166 and 20,674 shares issued and outstanding, respectively	`CommonStockValue`	$21.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.06M	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`	$124.62M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$127.71M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$134.68M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$149.54M	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`	$60.07M	USD	1 Quarter
Sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$218.85M	USD	3 Qtrs
Sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$209.84M	USD	3 Qtrs
Sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$59.91M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$150.28M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$40.69M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$42.22M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$144.26M	USD	3 Qtrs
Gross profit	`GrossProfit`	$74.59M	USD	3 Qtrs
Gross profit	`GrossProfit`	$19.38M	USD	1 Quarter
Gross profit	`GrossProfit`	$59.56M	USD	3 Qtrs
Gross profit	`GrossProfit`	$17.70M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$18.85M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$6.04M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.79M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$18.93M	USD	3 Qtrs
Advertising	`AdvertisingExpense`	$16.54M	USD	3 Qtrs
Advertising	`AdvertisingExpense`	$3.16M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$15.63M	USD	3 Qtrs
Advertising	`AdvertisingExpense`	$3.62M	USD	1 Quarter
Depreciation	`Depreciation`	$556.00K	USD	1 Quarter
Depreciation	`Depreciation`	$562.00K	USD	1 Quarter
Depreciation	`Depreciation`	$1.70M	USD	3 Qtrs
Depreciation	`Depreciation`	$1.66M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$36.22M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$9.77M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$9.97M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$37.10M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$9.41M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$7.93M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$22.46M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$38.37M	USD	3 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$421.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$1.31M	USD	3 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$1.45M	USD	3 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$508.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$862.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$301.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$827.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$255.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$2.31M	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$722.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$763.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$2.14M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$24.77M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.65M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$10.18M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$40.52M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.81M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.39M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.39M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.92M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$18.85M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$7.79M	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.12M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$6.84M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.84M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$31.12M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$7.79M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$18.85M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.38	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.34	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.52	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.94	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.94	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.52	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.34	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.38	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.48M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.45M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.98M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.06M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.49M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.99M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.49M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.07M	shares	3 Qtrs
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.81	USD	3 Qtrs
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.79	USD	3 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`	$0.27	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$18.85M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$7.79M	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.12M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$6.84M	USD	1 Quarter
Depreciation	`Depreciation`	$556.00K	USD	1 Quarter
Depreciation	`Depreciation`	$562.00K	USD	1 Quarter
Depreciation	`Depreciation`	$1.70M	USD	3 Qtrs
Depreciation	`Depreciation`	$1.66M	USD	3 Qtrs
Share based compensation	`ShareBasedCompensation`	$2.08M	USD	3 Qtrs
Share based compensation	`ShareBasedCompensation`	$2.31M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-12.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$11.00K	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$102.00K	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$49.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-974.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-388.00K	USD	3 Qtrs
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$8.91M	USD	3 Qtrs
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$2.79M	USD	3 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-582.00K	USD	3 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-263.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$384.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.42M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$360.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.01M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$851.00K	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-84.00K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$895.00K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$32.02M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$21.58M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$507.00K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.83M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-507.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.83M	USD	3 Qtrs
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$11.50M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$16.41M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$16.29M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-27.91M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-16.29M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.15M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$15.23M	USD	3 Qtrs
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$77.94M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$93.17M	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`	$92.37M	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`	$93.17M	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`	$92.37M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$4.46M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$9.12M	USD	3 Qtrs
Property and equipment in current assets	`TransferOfPropertyAndEquipmentToCurrentAssets`	$1.34M	USD	3 Qtrs
Property and equipment in current assets	`TransferOfPropertyAndEquipmentToCurrentAssets`	-	USD	3 Qtrs
Dividends payable in accrued expenses	`LiabilitiesAssumed1`	$258.00K	USD	3 Qtrs
Dividends payable in accrued expenses	`LiabilitiesAssumed1`	$196.00K	USD	3 Qtrs

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