10-Q Filing

PETMED EXPRESS INC CIK: 1040130 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001437749-22-002489`
Period End Date	20211231
Filing Date	20220204
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	pets20211231_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 76 Cash Flow Statement 52

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Accounts Receivable, Allowance for Credit Loss, Current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$39.00K	USD	Point-in-time
Accounts Receivable, Allowance for Credit Loss, Current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$19.00K	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share (in USD per Share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$108.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$118.72M	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share (in USD per Share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $19 and $39, respectively	`AccountsReceivableNetCurrent`	$1.27M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $19 and $39, respectively	`AccountsReceivableNetCurrent`	$2.59M	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
Inventories - finished goods	`InventoryFinishedGoods`	$27.64M	USD	Point-in-time
Inventories - finished goods	`InventoryFinishedGoods`	$34.42M	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`	$4.50M	USD	Point-in-time
Preferred Stock, Shares Outstanding, Ending Balance (in shares)	`PreferredStockSharesOutstanding`	3,000.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.22M	USD	Point-in-time
Preferred Stock, Shares Outstanding, Ending Balance (in shares)	`PreferredStockSharesOutstanding`	3,000.00	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$1.87M	USD	Point-in-time
Preferred Stock, Liquidation Preference Per Share (in USD per Share)	`PreferredStockLiquidationPreference`	$4.00	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$959.00K	USD	Point-in-time
Preferred Stock, Liquidation Preference Per Share (in USD per Share)	`PreferredStockLiquidationPreference`	$4.00	USD	Point-in-time
Common Stock, Par or Stated Value Per Share (in USD per Share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$142.90M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share (in USD per Share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$161.19M	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`	$25.45M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$24.66M	USD	Point-in-time
Common Stock, Shares, Issued, Total (in shares)	`CommonStockSharesIssued`	20.96M	shares	Point-in-time
Common Stock, Shares, Issued, Total (in shares)	`CommonStockSharesIssued`	20.27M	shares	Point-in-time
Common Stock, Shares, Outstanding, Ending Balance (in shares)	`CommonStockSharesOutstanding`	20.96M	shares	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$860.00K	USD	Point-in-time
Common Stock, Shares, Outstanding, Ending Balance (in shares)	`CommonStockSharesOutstanding`	20.27M	shares	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$860.00K	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$26.31M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$25.52M	USD	Point-in-time
Total assets	`Assets`	$187.50M	USD	Point-in-time
Total assets	`Assets`	$168.43M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$21.93M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$39.55M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$5.39M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$4.33M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$26.27M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$44.94M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$1.26M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$1.28M	USD	Point-in-time
Total liabilities	`Liabilities`	$46.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$27.53M	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; 20,957 and 20,269 shares issued and outstanding, respectively	`CommonStockValue`	$21.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000 shares authorized; 20,957 and 20,269 shares issued and outstanding, respectively	`CommonStockValue`	$20.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$10.15M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.11M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$130.72M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$134.14M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$141.28M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$140.90M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$168.43M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$187.50M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$60.72M	USD	1 Quarter
Sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$65.90M	USD	1 Quarter
Sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$207.41M	USD	3 Qtrs
Sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$237.54M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$42.99M	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`	$148.74M	USD	3 Qtrs
Gross profit	`GrossProfit`	$19.62M	USD	1 Quarter
Gross profit	`GrossProfit`	$58.68M	USD	3 Qtrs
Gross profit	`GrossProfit`	$17.73M	USD	1 Quarter
Gross profit	`GrossProfit`	$69.43M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$7.54M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.49M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$21.05M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$22.54M	USD	3 Qtrs
Advertising	`AdvertisingExpense`	$17.39M	USD	3 Qtrs
Advertising	`AdvertisingExpense`	$15.44M	USD	3 Qtrs
Advertising	`AdvertisingExpense`	$3.22M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$4.33M	USD	1 Quarter
Depreciation	`Depreciation`	$622.00K	USD	1 Quarter
Depreciation	`Depreciation`	$710.00K	USD	1 Quarter
Depreciation	`Depreciation`	$2.05M	USD	3 Qtrs
Depreciation	`Depreciation`	$1.79M	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`	$12.58M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$40.03M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$9.29M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$18.65M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$5.15M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$29.20M	USD	3 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$73.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$229.00K	USD	3 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$243.00K	USD	3 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$84.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$741.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$345.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$287.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$938.00K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$984.00K	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`	$371.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.52M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$30.37M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$19.64M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$9.71M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.60M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.10M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.26M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.58M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$15.03M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$7.61M	USD	1 Quarter
Net income	`NetIncomeLoss`	$23.79M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.26M	USD	1 Quarter
Basic (in USD per Share)	`EarningsPerShareBasic`	$1.19	USD	3 Qtrs
Basic (in USD per Share)	`EarningsPerShareBasic`	$0.21	USD	1 Quarter
Basic (in USD per Share)	`EarningsPerShareBasic`	$0.75	USD	3 Qtrs
Basic (in USD per Share)	`EarningsPerShareBasic`	$0.38	USD	1 Quarter
Diluted (in USD per Share)	`EarningsPerShareDiluted`	$1.18	USD	3 Qtrs
Diluted (in USD per Share)	`EarningsPerShareDiluted`	$0.74	USD	3 Qtrs
Diluted (in USD per Share)	`EarningsPerShareDiluted`	$0.21	USD	1 Quarter
Diluted (in USD per Share)	`EarningsPerShareDiluted`	$0.38	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.21M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.09M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.05M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.16M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.36M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.10M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.33M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.10M	shares	3 Qtrs
Cash dividends declared per common share (in USD per Share)	`CommonStockDividendsPerShareDeclared`	$0.90	USD	3 Qtrs
Cash dividends declared per common share (in USD per Share)	`CommonStockDividendsPerShareDeclared`	$0.30	USD	1 Quarter
Cash dividends declared per common share (in USD per Share)	`CommonStockDividendsPerShareDeclared`	$0.84	USD	3 Qtrs
Cash dividends declared per common share (in USD per Share)	`CommonStockDividendsPerShareDeclared`	$0.28	USD	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$15.03M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$7.61M	USD	1 Quarter
Net income	`NetIncomeLoss`	$23.79M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.26M	USD	1 Quarter
Depreciation	`Depreciation`	$622.00K	USD	1 Quarter
Depreciation	`Depreciation`	$710.00K	USD	1 Quarter
Depreciation	`Depreciation`	$2.05M	USD	3 Qtrs
Depreciation	`Depreciation`	$1.79M	USD	3 Qtrs
Share based compensation	`ShareBasedCompensation`	$2.29M	USD	3 Qtrs
Share based compensation	`ShareBasedCompensation`	$3.04M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$353.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-19.00K	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$84.00K	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$104.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.22M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.93M	USD	3 Qtrs
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$-6.78M	USD	3 Qtrs
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$10.28M	USD	3 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	-	USD	3 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$911.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$983.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.29M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-17.61M	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`	$-1.19M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$152.00K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$21.63M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.78M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.27M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.85M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.85M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.27M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$18.32M	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`	$-18.32M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-9.81M	USD	3 Qtrs
Net (decrease) increase 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`	$118.72M	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`	$108.91M	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`	$118.72M	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`	$108.91M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$6.36M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$5.58M	USD	3 Qtrs
Dividends payable in accrued expenses	`LiabilitiesAssumed1`	$174.00K	USD	3 Qtrs
Dividends payable in accrued expenses	`LiabilitiesAssumed1`	$329.00K	USD	3 Qtrs

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