10-Q Filing

PETMED EXPRESS INC CIK: 1040130 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001571049-14-003379`
Period End Date	20140630
Filing Date	20140729
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	pets-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 42 Cash Flow Statement 49

Balance Sheet 65 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.14M	USD	Point-in-time
Short term investments - available for sale	`AvailableForSaleSecuritiesCurrent`	$15.57M	USD	Point-in-time
Short term investments - available for sale	`AvailableForSaleSecuritiesCurrent`	$15.54M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $6 and $7, respectively	`AccountsReceivableNetCurrent`	$1.76M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $6 and $7, respectively	`AccountsReceivableNetCurrent`	$1.60M	USD	Point-in-time
Inventories - finished goods	`InventoryFinishedGoods`	$32.89M	USD	Point-in-time
Inventories - finished goods	`InventoryFinishedGoods`	$35.73M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.76M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.52M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$1.09M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$1.06M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$54.00K	USD	Point-in-time
Allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$7.00K	USD	Point-in-time
Allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$6.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$81.80M	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
Total current assets	`AssetsCurrent`	$74.21M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	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
Prepaid expenses	`PrepaidExpenseNoncurrent`	$2.21M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseNoncurrent`	$2.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.15M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.31M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	20.19M	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	`CommonStockSharesIssued`	21.19M	shares	Point-in-time
Total assets	`Assets`	$78.38M	USD	Point-in-time
Total assets	`Assets`	$86.02M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.19M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.19M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.59M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.77M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.41M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.33M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.89M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.88M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$65.00K	USD	Point-in-time
Total liabilities:	`Liabilities`	$13.88M	USD	Point-in-time
Total liabilities:	`Liabilities`	$8.16M	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; 20,189 and 21,190 shares issued and outstanding, respectively	`CommonStockValue`	$20.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000 shares authorized; 20,189 and 21,190 shares issued and outstanding, respectively	`CommonStockValue`	$20.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.95M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.58M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$68.65M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$70.19M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-37.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-29.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$70.22M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$72.14M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$86.02M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$78.38M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$72.54M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$74.19M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$48.77M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$50.18M	USD	1 Quarter
Gross profit	`GrossProfit`	$24.01M	USD	1 Quarter
Gross profit	`GrossProfit`	$23.77M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.87M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.88M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$10.39M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$9.90M	USD	1 Quarter
Depreciation	`Depreciation`	$163.00K	USD	1 Quarter
Depreciation	`Depreciation`	$248.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$15.93M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$16.52M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$7.50M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$7.84M	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$47.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$44.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$9.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-2.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$45.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$53.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.54M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.89M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.92M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.79M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.97M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.75M	USD	1 Quarter
Net change in unrealized gain (loss) on short term investments	`AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax`	$-46.00K	USD	1 Quarter
Net change in unrealized gain (loss) on short term investments	`AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax`	$8.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.98M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.71M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.24	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.25	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.24	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.25	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.85M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.96M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.09M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.00M	shares	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.17	USD	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$4.97M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.75M	USD	1 Quarter
Depreciation	`Depreciation`	$163.00K	USD	1 Quarter
Depreciation	`Depreciation`	$248.00K	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$373.00K	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$362.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-90.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$35.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$24.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$17.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.11M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-146.00K	USD	1 Quarter
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$-2.84M	USD	1 Quarter
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$-10.03M	USD	1 Quarter
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-54.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$609.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-27.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.82M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.82M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.89M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.47M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$44.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-175.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$14.26M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$19.84M	USD	1 Quarter
Net change in investments	`PaymentsForProceedsFromInvestments`	$20.00K	USD	1 Quarter
Net change in investments	`PaymentsForProceedsFromInvestments`	$21.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-25.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-26.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$2.98M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.40M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.98M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-3.40M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$16.84M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.84M	USD	1 Quarter
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$35.00M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.16M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.30M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$29.14M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$35.00M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$18.16M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$18.30M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$29.14M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$66.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$279.00K	USD	1 Quarter
Dividends payable in accrued expenses	`LiabilitiesAssumed1`	$300.00K	USD	1 Quarter
Dividends payable in accrued expenses	`LiabilitiesAssumed1`	$315.00K	USD	1 Quarter

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