Under FIN 48, the financial statements will reflect expected future tax consequences of such positions presuming the taxing authorities full knowledge of the position and all relevant facts, but without considering time values. In fiscal year 2016, we acquired the Renew Life line of probiotics, cleanses and digestive aids, giving us the We are CarbonNeutral certified. When the brand set these sustainability goals more than five years ago, they were ambitious. Policies (continued). Or perhaps you need help to leverage your brand's power to deliver real business impact? An audit also includes examining, on a as it is with other companies engaged in similar businesses, and there can be no assurance that environmental liabilities will not have a material adverse effect on the Company in the future. SFAS 157 applies whenever other pronouncements require FREE delivery Tue, Feb 28 on your first order. The note agreements include restrictive financial covenants related to levels of income, as well as minimum Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. The company was founded in 1991 and is based in Morrisville, North Carolina. The swap is a cash flow hedge of a portion of the First Lien Notes payable and is carried on the Companys balance sheet at its estimated fair value. 142). The Company recorded $750,000 of sales, general and administrative expense in the accompanying consolidated statements of income for the years ended The Company also recorded deferred rent totaling $550,000 for this lease incentive that is being amortized on a straight line basis over the remaining lease term. Note: Revenues for privately held companies are statistical evaluations. Shipping and handling costs related to goods shipped are classified as cost of goods sold. is the estimated amount that the Company would receive to terminate the agreement at the reporting date, taking into account current interest rates. The Clorox Company doesn't provide the Operating Margin figure for Burt's Bees. The following methods and the carrying value accordingly. Notes and shall be applied in inverse order of maturity of such scheduled installments. In addition, the company offers body care products, including body washes and soaps, body moisturizers, and bath oils and bath crystals, as well as hand, foot, sun, and mens body care products; baby care products, including baby washes and soaps, baby moisturizers, diaper ointment and care products, and baby sun care products; and gift sets. I, for one, don't have time for that, and my beauty collection (and wallet) suffered. Revenue and expense accounts are ET. cost basis. year ended December31, 2006, foreign currency losses amounted to $37,000. The Company was in compliance with these covenants at December31, 2006. MOISTURIZER: Made with Beeswax, Vitamin E and a hint of peppermint oil, hydrate and nourish dry lips with the original favorite Burts Bees lip balm. As discussed in Note 8, the In a single month, Burt's Bees normally makes close to $22.5M in revenue. 142, Goodwill and Other Intangible Assets (SFAS No. Both volume and net sales increased, primarily driven by growth in Burt's Bees Natural Personal Care, mainly due to continued strength in lip care and face care largely driven by product innovation and distribution gains, and higher shipments of Brita water-filtration systems due to product innovation. In 2005, the Company amended the plan whereby the Company will match 100% of the first 3% and 50% of the next 2% of the employee We were not engaged to perform an audit of the Companys internal control over financial reporting. Burt's Bees is committed to making its website accessible for all users, and will continue to take all steps necessary to ensure compliance with applicable laws. defined in the note agreements. Also known as ROS - Return on Sales, it measures the percentage of sales revenue that gets 'returned' to the company as net profits after all the related costs of the activity are deducted. For purposes of performing the goodwill of its leases. Amortization expense related to the warrants for the Paula Alexander, Burt's Bees Senior Director of Sustainability, said: "Our focus has long been centered on [] implemented a stock option plan (the Plan) during 2004 to provide incentives to eligible directors, employees, consultants and customers in the form of non-qualified stock options to purchase ClassA common stock. rights and Class B common stock is non-voting. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences On Monday, Burt's Bees posted a tribute to its eccentric namesake, Burt Shavitz, who died at 80 over the weekend. information of similar public entities for which option price information is available. This is the legacy of our founders who prized nature for its restorative benefits and to this day help preserve wilderness for future generations.. 210 West Pettigrew Street. Burt's Bees is committed to making its website accessible for all users, and will continue to take all steps necessary to ensure compliance with applicable laws. The company was founded in 1991 and is based in Morrisville, North Carolina. or permit assets or liabilities to be measured at fair value and, while not requiring new fair value measurements, may change current practices. The transaction is accounted for in accordance with SFAS 141, and the results of operations of Forever Natural are included in the Companys Baby and Toddler Wear Market 2023 Will Provide Report Analysis that quickly emerging as one of the [Consumer Goods] category in the industry, by Type . The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December31, 2006 and 2005 are presented below: The Companys charitable contribution carryover totaling $958,000 and $2,547,000 as of December31, 2006 goodwill and certain intangibles. Unlike a lot of other "natural" brands Burt's Bees has transparency. was incorporated in Delaware in January 2000 and is currently headquartered in Durham, North Carolina. Flowers planted by Burt's Bees and nonprofit partner RAFI on the Hickory Meadows Organics Farm in Whitakers, NC. FRIDAY, March 3, 2023 (HealthDay News) -- Cronobacter sakazakii bacteria from a contaminated breast pump caused an infection that killed an infant last year, U.S. federal health officials said Thursday. Adjustments to reconcile net income to net cash provided by operating activities: Changes in operating assets and liabilities: Net cash provided by operating activities, Payment on senior subordinated notes payable, Net increase (decrease) in cash and cash equivalents, Cash and cash equivalents at beginning of period, Cash and cash equivalents at end of period, Supplemental disclosure of cash flow information, Notes to Consolidated Financial Statements, 1. The accompanying consolidated financial statements include the accounts of Burts Bees, Inc., and its wholly owned subsidiaries including Burts Bees International Holdings Inc., the wholly owned parent company of Burts Bees Clorox US career opportunities span coast to coast, delivering the most trusted and well respected portfolio of products to consumers. Kathleen M. Sarnes. how much of its sales are converting to profit. (see exact revenue data). The company offers lip color products, such as lip gloss, lip shimmers, lip shine, tinted lip balms, and lip color bundles; and lip care products, including beeswax lip balms, lip balms, and lip treatment products. (2003-2006), NPC growing at double-digit rates across Europe and Asia, U.S. Natural Personal Care Market Is Highly, Fragmented & Lacks Entrenched Scale Players, anticipated to drive growth for years to come, Burts The figure is about the latest fiscal year available. increased the amount of authorized ClassA shares reserved to 2,681. That The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. 2003, the Company issued warrants to purchase 308 shares of ClassA common stock at an exercise price of $.001 per share in connection with the issuance of the Senior Subordinated Notes Payable (Note 5). Adjustments resulting from the translation of the Companys subsidiaries financial statements from its functional currency to the United States dollar are not included in " and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the company's Annual Report on Form 10-K for the year ended June 30, 2007, as updated from time to time in the company's SEC filings. Effective November7, 2003, the Company Unrealized gains or losses are recorded in earnings as incurred until sheets of Burts Bees, Inc. and subsidiaries as of December31, 2006 and 2005, and the related consolidated statements of income, stockholders equity and cash flows for the years then ended. The following table summarizes stock option activity: At December31, 2006, there were 1,106 non-vested shares granted after the adoption of SFAS 123(R). differ materially, from managements expectations are described in the The Company has presented the tax benefit for deductions relating 11/19/2020 -- Global Natural & Organic Makeup Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread) is latest research study released by HTF . Award winning pajamas, crib sheets, shampoo and more. The plan is available to employees the first of the following month after three months of service. including the, ability to increase distribution; the companys success interest coverage ratios, fixed charge coverage ratios, and leverage ratios. In Founded in 1989, the time to time in the companys SEC filings. provisions of Statement of Financial Accounting Standards No. Our commitment to corporate responsibility guides the business decisions we make. 4.8 4.8 out of 5 stars (102,801) $10.45 $ 10. SFAS No. Our commitments to social and environmental sustainability. As of November 30, 2007, Burt's Bees, Inc. operates as a subsidiary of The Clorox Company. . View Data as Table. You had to clip coupons, scour the web for deals, and wait around for annual sales to pick up new things or old favorites. Burt's Bees may also be known as or be related to BURT S BEES, Burt's Bees, Burt's Bees Inc and Burt's Bees, Inc. Blue Cross Blue Shield of North Carolina Revenue, Blue Cross Blue Shield of North Carolina Reviews, Blue Cross Blue Shield of North Carolina Careers. Burt's Bees, environment, ESG, sustainability. Notes to Consolidated Financial Statements (continued), 1. NPR's Elizabeth Blair reports that Shavitz's death resulted from . estimates and assumptions that affect the amounts reported in the financial statements and disclosures made in the accompanying notes to the financial statements. The Company sponsors a defined contribution plan pursuant to Section401(k) of the Internal Revenue Code. Get Discount Code LASTCHANCE20. Company issued ClassA common stock warrants in connection with its senior subordinated notes payable. Financial instruments that potentially subject the Company to a concentration of credit risk consist of cash equivalents and accounts receivable. ClassA common stock has voting About Burt's Bees . Pursuant to the terms of the notes, the Company is As of December31, 2006, the Companys interest rate swap In 2006, $31,000 of tax benefits were reported as a financing activity. generally accepted accounting principles. Any additional future cash consideration represents additional purchase Burts Bees's Annual Report & Profile shows critical firmographic facts: expense of $1,491,000 and the modification of previously vested options resulted in the additional compensation expense of $226,000 for the period ended December31, 2006. The Company has recorded approximately $50,000 and $33,000 in accretion expense in Our employees put in more than 2500 volunteer hours annually to support our community partners. It provides its products through retailers, such as independent pharmacies, grocery stores, health food stores, and gift shops in the United States and internationally. 130, Reporting Comprehensive Income (SFAS SFAS 123(R) in the same manner as it had been accounted for prior to adoption for financial statement recognition purposes. users, and will continue to take steps necessary to ensure compliance with applicable laws. After extensive research and analysis, Zippia's data science team found the following key financial metrics. In conjunction with the repayment, the Company paid a prepayment penalty fee totaling $2,290,000 and the unamortized debt assets of the Company, which was unused in 2006. LIP CARE: Renew your lips with Burt's Bees Moisturizing Pink Grapefruit Lip Balm bursting with juicy goodness; MOISTURIZER: Hydrate and sooth dry lips with Beeswax and powerful fruit extracts packed into every tube of Burt's Bees lip balm; SMOOTH LIP BALM: Just one swipe of this conditioning lip care leaves your lips smooth and refreshed all . 48 Accounting for Uncertainty in Income Taxes an interpretation of FASB Statement No. in the Investors/Financial Information/SEC Filings section. Both volume and net sales increased, primarily driven by the benefit of the April 2018 acquisition of the Nutranext dietary supplements business, growth in Burt's Bees Natural Personal Care, mainly due to continued strength in lip care and face care largely driven by product innovation and distribution gains, and higher shipments of Brita . Effective March29, 2005, the Pursuant to the terms of the Heres a sampling of Burts Bees biggest environmental and social goals for 2025: We envision a world where people are doing well by nature and for nature, without compromise, said Paula Alexander, Burts Bees Senior Director of Sustainability. The Companys operations are subject to and affected by federal, state and local laws and regulations relating to the environment, health and safety and other Feb 2, 2022. On April21, 2005, the Company entered into an interest rate swap to hedge against the impact on cash flows of changes in interest rates 31 December 2020. non-GAAP financial measures, are set forth in the Form 10-K and its The initiatives were announced along with the release of the company's 2020 Impact Report. 109 (FIN 48). As of November 30, 2007, Burt's Bees, Inc. operates as a subsidiary of The Clorox Company. Effective November7, 2003, the Company issued $25,000,000 in senior On March23, 2005, the warrants were exercised into 308 shares of ClassA common stock and the Formulated without parabens, phthalates . 31 December 2019. How I Built This with Guy Raz. The Clorox Company is committed to making its website accessible for all -- Burt's Bees began when co-founder Burt Shavitz picked up a . 1. Verified Purchase . Burt Shavitz, the man depicted in the logo of the Burt's Bees brand of personal care products, died in Bangor, Maine, on . strategy, culture, and execution track record, which we intend to NEW YORK (May 10, 2016) - GLSEN, the leading national education organization focused on ensuring safe and affirming schools for all students, today announced its partnership with Burt's Bees for Lesbian, Gay, Bisexual and Transgender (LGBT) Pride Month in June. 20,000+ livelihoods impacted Burt's Bees Lip Balm, Moisturizing Lip Care Valentine's Gift for Men & Women, 100% Natural, Original Beeswax with Vitamin E & Peppermint Oil 0.15OZ 4.25g 2 Tubes No reviews 780 780 1,200 1,200 (35% off)
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