10-Q Filing

PETMED EXPRESS INC CIK: 1040130 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001571049-16-016970`
Period End Date	20160630
Filing Date	20160801
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	pets-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 41 Cash Flow Statement 49

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$42.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.31M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $16 and $13, respectively	`AccountsReceivableNetCurrent`	$1.72M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $16 and $13, respectively	`AccountsReceivableNetCurrent`	$2.08M	USD	Point-in-time
Inventories - finished goods	`InventoryFinishedGoods`	$25.59M	USD	Point-in-time
Inventories - finished goods	`InventoryFinishedGoods`	$27.03M	USD	Point-in-time
Allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$13.00K	USD	Point-in-time
Allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$16.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.87M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.44M	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
Prepaid income taxes	`PrepaidTaxes`	$243.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$67.63M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$77.27M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$20.77M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$20.93M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$860.00K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$860.00K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$863.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$907.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$22.53M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$22.65M	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
Total assets	`Assets`	$90.28M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	20.45M	shares	Point-in-time
Total assets	`Assets`	$99.81M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	20.45M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.45M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.45M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.28M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.50M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.08M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.65M	USD	Point-in-time
Total liabilities	`Liabilities`	$13.44M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.08M	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; 20,447 and 20,447 shares issued and outstanding, respectively	`CommonStockValue`	$20.00K	USD	Point-in-time
Common stock, $.001 par value, 40,000 shares authorized; 20,447 and 20,447 shares issued and outstanding, respectively	`CommonStockValue`	$20.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.87M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.33M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$78.30M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$81.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$86.37M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$83.19M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$99.81M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$90.28M	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$71.63M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$72.49M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$48.67M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$50.03M	USD	1 Quarter
Gross profit	`GrossProfit`	$22.45M	USD	1 Quarter
Gross profit	`GrossProfit`	$22.97M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.10M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.80M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$7.88M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$5.76M	USD	1 Quarter
Depreciation	`Depreciation`	$194.00K	USD	1 Quarter
Depreciation	`Depreciation`	$191.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$13.88M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$12.05M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$10.40M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$9.09M	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$28.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$50.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-4.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$53.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$46.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$81.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$10.48M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$9.14M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.89M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.76M	USD	1 Quarter
Net change in unrealized loss on short term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-35.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.72M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.59M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.29	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.29	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.32	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.18M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.07M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.33M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.20M	shares	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.19	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.18	USD	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.76M	USD	1 Quarter
Depreciation	`Depreciation`	$194.00K	USD	1 Quarter
Depreciation	`Depreciation`	$191.00K	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$371.00K	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$463.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-44.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-148.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$168.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$233.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.33M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$584.00K	USD	1 Quarter
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$1.44M	USD	1 Quarter
Inventories - finished goods	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$2.15M	USD	1 Quarter
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-243.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$161.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.14M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.28M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.83M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$3.30M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$3.65M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-18.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$372.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$10.81M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$13.11M	USD	1 Quarter
Net change in investments	`PaymentsForProceedsFromInvestments`	$16.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.60M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$110.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.60M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-126.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.61M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.83M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-3.61M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-3.83M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.67M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.07M	USD	1 Quarter
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$35.61M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$42.69M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$37.64M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$44.31M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$35.61M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$42.69M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$37.64M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$44.31M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$55.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$226.00K	USD	1 Quarter
Prepaid property and equipment in current assets	`PrepaidPropertyAndEquipmentInCurrentAssets`	$2.57M	USD	1 Quarter
Dividends payable in accrued expenses	`LiabilitiesAssumed1`	$245.00K	USD	1 Quarter
Dividends payable in accrued expenses	`LiabilitiesAssumed1`	$194.00K	USD	1 Quarter

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