10-Q Filing

PETMED EXPRESS INC CIK: 1040130 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001437749-21-001245`
Period End Date	20201231
Filing Date	20210126
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	pets20201231_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 76 Cash Flow Statement 56

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$59.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$28.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$106.50M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	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, 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 $28 and $59, respectively	`AccountsReceivableNetCurrent`	$1.83M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $28 and $59, respectively	`AccountsReceivableNetCurrent`	$3.84M	USD	Point-in-time
Inventories - finished goods	`InventoryFinishedGoods`	$28.16M	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	`InventoryFinishedGoods`	$17.88M	USD	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
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	3,000.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.51M	USD	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
Total current assets	`AssetsCurrent`	$141.01M	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`	$25.50M	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
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	20.17M	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 issued (in shares)	`CommonStockSharesIssued`	20.27M	shares	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$26.36M	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
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	20.27M	shares	Point-in-time
Total assets	`Assets`	$167.37M	USD	Point-in-time
Total assets	`Assets`	$155.32M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$21.87M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$19.66M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$4.21M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$4.43M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$623.00K	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`	$26.92M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$970.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$1.32M	USD	Point-in-time
Total liabilities	`Liabilities`	$28.24M	USD	Point-in-time
Total liabilities	`Liabilities`	$25.31M	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; 20,271 and 20,166 shares issued and outstanding, respectively	`CommonStockValue`	$20.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000 shares authorized; 20,271 and 20,166 shares issued and outstanding, respectively	`CommonStockValue`	$20.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.10M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$126.18M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$133.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$139.13M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$130.01M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$167.37M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$155.32M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$209.84M	USD	3 Qtrs
Sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$237.54M	USD	3 Qtrs
Sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$59.91M	USD	1 Quarter
Sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$65.90M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$42.22M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$168.11M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$46.27M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$150.28M	USD	3 Qtrs
Gross profit	`GrossProfit`	$17.70M	USD	1 Quarter
Gross profit	`GrossProfit`	$69.43M	USD	3 Qtrs
Gross profit	`GrossProfit`	$59.56M	USD	3 Qtrs
Gross profit	`GrossProfit`	$19.62M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$21.05M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$6.49M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$18.85M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$6.04M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$17.39M	USD	3 Qtrs
Advertising	`AdvertisingExpense`	$16.54M	USD	3 Qtrs
Advertising	`AdvertisingExpense`	$3.22M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$3.16M	USD	1 Quarter
Depreciation	`Depreciation`	$1.79M	USD	3 Qtrs
Depreciation	`Depreciation`	$622.00K	USD	1 Quarter
Depreciation	`Depreciation`	$562.00K	USD	1 Quarter
Depreciation	`Depreciation`	$1.70M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$37.10M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$10.33M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$40.23M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$9.77M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$7.93M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$29.20M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$22.46M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$9.29M	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$1.45M	USD	3 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$421.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$73.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$229.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$301.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$938.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$862.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$345.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$2.31M	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$1.17M	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$418.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$722.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.65M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$9.71M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$30.37M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$24.77M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.81M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.58M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.92M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.85M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$7.61M	USD	1 Quarter
Net income	`NetIncomeLoss`	$23.79M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.34	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.19	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.38	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.94	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.18	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.94	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.38	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.34	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.05M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.06M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.09M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.98M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.10M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.10M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.07M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.99M	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 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`	$0.84	USD	3 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.85M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$7.61M	USD	1 Quarter
Net income	`NetIncomeLoss`	$23.79M	USD	3 Qtrs
Depreciation	`Depreciation`	$1.79M	USD	3 Qtrs
Depreciation	`Depreciation`	$622.00K	USD	1 Quarter
Depreciation	`Depreciation`	$562.00K	USD	1 Quarter
Depreciation	`Depreciation`	$1.70M	USD	3 Qtrs
Share based compensation	`ShareBasedCompensation`	$2.08M	USD	3 Qtrs
Share based compensation	`ShareBasedCompensation`	$2.29M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-12.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$353.00K	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$102.00K	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$84.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.93M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-388.00K	USD	3 Qtrs
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$2.79M	USD	3 Qtrs
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$10.28M	USD	3 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	-	USD	3 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-582.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$983.00K	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`	$2.21M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$286.00K	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$851.00K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$895.00K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$152.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$21.58M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$21.63M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.85M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.83M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.83M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.85M	USD	3 Qtrs
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$11.50M	USD	3 Qtrs
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$16.41M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$17.04M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-17.04M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-27.91M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-8.15M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.74M	USD	3 Qtrs
Cash and cash equivalents, at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$106.50M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$103.76M	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`	$92.37M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$106.50M	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`	$100.53M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$92.37M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$6.36M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$4.46M	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`	$174.00K	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.