10-Q Filing

PETMED EXPRESS INC CIK: 1040130 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001437749-20-016329`
Period End Date	20200630
Filing Date	20200803
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	pets20200630_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 38 Cash Flow Statement 48

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$59.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$41.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$86.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$103.76M	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
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $41 and $59, respectively	`AccountsReceivableNetCurrent`	$2.71M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $41 and $59, respectively	`AccountsReceivableNetCurrent`	$3.84M	USD	Point-in-time
Inventories - finished goods	`InventoryFinishedGoods`	$17.88M	USD	Point-in-time
Inventories - finished goods	`InventoryFinishedGoods`	$43.07M	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.28M	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`	$3.53M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	3,000.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$135.88M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	3,000.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$129.02M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	3,000.00	shares	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$26.02M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$25.45M	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
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$860.00K	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	20.17M	shares	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$860.00K	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	20.17M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	20.17M	shares	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$26.88M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$26.30M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	20.17M	shares	Point-in-time
Total assets	`Assets`	$162.75M	USD	Point-in-time
Total assets	`Assets`	$155.32M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$19.66M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.98M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$5.17M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$4.21M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.02M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$471.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$24.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$29.17M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$715.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$970.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$29.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$25.31M	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 20,166 shares issued and outstanding, respectively	`CommonStockValue`	$20.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000 shares authorized; 20,166 and 20,166 shares issued and outstanding, respectively	`CommonStockValue`	$20.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.54M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.80M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$126.18M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$128.30M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$132.87M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$130.01M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$162.75M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$155.32M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$79.99M	USD	1 Quarter
Sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$96.20M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$69.42M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$58.13M	USD	1 Quarter
Gross profit	`GrossProfit`	$26.79M	USD	1 Quarter
Gross profit	`GrossProfit`	$21.86M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.51M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.75M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$9.03M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$8.62M	USD	1 Quarter
Depreciation	`Depreciation`	$562.00K	USD	1 Quarter
Depreciation	`Depreciation`	$568.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$17.35M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$15.70M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$6.16M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$9.44M	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$567.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$90.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$257.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$255.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$345.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$824.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$9.78M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.99M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.01M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.64M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.34M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.77M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.26	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.39	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.26	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.39	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.98M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.23M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.04M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.25M	shares	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.28	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`	$5.34M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.77M	USD	1 Quarter
Depreciation	`Depreciation`	$562.00K	USD	1 Quarter
Depreciation	`Depreciation`	$568.00K	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$740.00K	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$635.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-255.00K	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`	$33.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-372.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.10M	USD	1 Quarter
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$8.80M	USD	1 Quarter
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$25.19M	USD	1 Quarter
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-582.00K	USD	1 Quarter
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	-	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$98.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$737.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-586.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.32M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$934.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$903.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.55M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.24M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$36.00K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-11.20M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$145.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$192.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-145.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-192.00K	USD	1 Quarter
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$11.50M	USD	1 Quarter
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$5.59M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$5.48M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.59M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-16.98M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-16.94M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-17.13M	USD	1 Quarter
Cash and cash equivalents, at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$103.76M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$86.82M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$100.53M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$83.40M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$103.76M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$86.82M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$100.53M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$83.40M	USD	Point-in-time
Dividends payable in accrued expenses	`LiabilitiesAssumed1`	$297.00K	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.