10-Q Filing

PETMED EXPRESS INC CIK: 1040130 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001571049-15-000403`
Period End Date	20141231
Filing Date	20150126
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	pets-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 85 Cash Flow Statement 57

Balance Sheet 65 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.94M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.07M	USD	Point-in-time
Short term investments - available for sale	`AvailableForSaleSecuritiesCurrent`	$15.58M	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 $5 and $7, respectively	`AccountsReceivableNetCurrent`	$1.76M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $5 and $7, respectively	`AccountsReceivableNetCurrent`	$1.35M	USD	Point-in-time
Inventories - finished goods	`InventoryFinishedGoods`	$35.73M	USD	Point-in-time
Allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$7.00K	USD	Point-in-time
Inventories - finished goods	`InventoryFinishedGoods`	$21.61M	USD	Point-in-time
Allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.00K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.76M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.28M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$863.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$1.06M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$54.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$74.21M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$77.75M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseNoncurrent`	$2.00M	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.31M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.22M	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
Common stock, shares issued	`CommonStockSharesIssued`	20.26M	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`	20.19M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.19M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.26M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$5.00K	USD	Point-in-time
Total assets	`Assets`	$79.84M	USD	Point-in-time
Total assets	`Assets`	$78.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.88M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.77M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.14M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.33M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$283.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.29M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$65.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$6.29M	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; 20,263 and 20,190 shares issued and outstanding, respectively	`CommonStockValue`	$20.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000 shares authorized; 20,263 and 20,190 shares issued and outstanding, respectively	`CommonStockValue`	$20.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.73M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.58M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$70.83M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$68.65M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-50.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-37.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$70.22M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$73.55M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$78.38M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$79.84M	USD	Point-in-time

Income Statement 85 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$179.40M	USD	3 Qtrs
Sales	`SalesRevenueGoodsNet`	$49.28M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$50.09M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$184.76M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$120.07M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$33.20M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$124.61M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$32.18M	USD	1 Quarter
Gross profit	`GrossProfit`	$16.89M	USD	1 Quarter
Gross profit	`GrossProfit`	$59.33M	USD	3 Qtrs
Gross profit	`GrossProfit`	$17.10M	USD	1 Quarter
Gross profit	`GrossProfit`	$60.15M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$16.48M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$16.20M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.11M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.95M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$21.13M	USD	3 Qtrs
Advertising	`AdvertisingExpense`	$4.32M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$4.52M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$21.90M	USD	3 Qtrs
Discontinued project costs	`DiscontinuedProjectCharge`	$1.71M	USD	3 Qtrs
Depreciation	`Depreciation`	$165.00K	USD	1 Quarter
Depreciation	`Depreciation`	$697.00K	USD	3 Qtrs
Depreciation	`Depreciation`	$487.00K	USD	3 Qtrs
Depreciation	`Depreciation`	$219.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$39.54M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$9.43M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$9.84M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$39.08M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$7.05M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$21.08M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$19.79M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$7.67M	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$138.00K	USD	3 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$50.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$141.00K	USD	3 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$46.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-3.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$3.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-4.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-5.00K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$136.00K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$141.00K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$46.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$43.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.71M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$21.21M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$19.93M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.09M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.55M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.77M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.92M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.43M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$12.50M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.45M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.54M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.80M	USD	1 Quarter
Net change in unrealized gain (loss) on short term investments	`AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax`	$-36.00K	USD	3 Qtrs
Net change in unrealized gain (loss) on short term investments	`AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax`	$-20.00K	USD	1 Quarter
Net change in unrealized gain (loss) on short term investments	`AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax`	$9.00K	USD	1 Quarter
Net change in unrealized gain (loss) on short term investments	`AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax`	$-13.00K	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$12.49M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.55M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.78M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$13.41M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.62	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.24	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.68	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.62	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.24	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.67	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.93M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.04M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.89M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.00M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.04M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.16M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.13M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.08M	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`	$0.17	USD	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.49	USD	3 Qtrs
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.51	USD	3 Qtrs

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$12.50M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.45M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.54M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.80M	USD	1 Quarter
Depreciation	`Depreciation`	$165.00K	USD	1 Quarter
Depreciation	`Depreciation`	$697.00K	USD	3 Qtrs
Depreciation	`Depreciation`	$487.00K	USD	3 Qtrs
Depreciation	`Depreciation`	$219.00K	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$1.10M	USD	3 Qtrs
Share based compensation	`ShareBasedCompensation`	$1.12M	USD	3 Qtrs
Discontinued project costs	`DiscontinuedProjectCharge`	$1.71M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$129.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-84.00K	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$66.00K	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$75.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$286.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-343.00K	USD	3 Qtrs
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$-14.11M	USD	3 Qtrs
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$-7.06M	USD	3 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-54.00K	USD	3 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$165.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-763.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.45M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.41M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.89M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$283.00K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-162.00K	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-153.00K	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-152.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$17.67M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$29.53M	USD	3 Qtrs
Net change in short term investments	`PaymentsForProceedsFromInvestments`	$53.00K	USD	3 Qtrs
Net change in short term investments	`PaymentsForProceedsFromInvestments`	$62.00K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$39.00K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$398.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-101.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-451.00K	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$9.91M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$10.35M	USD	3 Qtrs
Tax adjustment related to restricted stock	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$123.00K	USD	3 Qtrs
Tax adjustment related to restricted stock	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$39.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-9.79M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-10.31M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.78M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$18.76M	USD	3 Qtrs
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.30M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$25.94M	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`	$37.07M	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`	$25.94M	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`	$37.07M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$7.78M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$6.93M	USD	3 Qtrs
Dividends payable in accrued expenses	`LiabilitiesAssumed1`	$225.00K	USD	3 Qtrs
Dividends payable in accrued expenses	`LiabilitiesAssumed1`	$241.00K	USD	3 Qtrs

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