to the Senior Subordinated Notes Payable. assumptions were used to estimate the fair value of each class of financial instruments: The carrying amounts approximate fair value because of the short maturity of the instruments. ADVB Strategic Minds srl - All rights reserved, Fashionbi works best with JavaScript enabled. Adjustments resulting from the translation of the Companys subsidiaries financial statements from its functional currency to the United States dollar are not included in 9. 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 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. We have struggled to meet our water reduction targets after increasing water use per mass unit of . Burt's Bees Revenue: Annual, Quarterly, and Historic - Zippia Burt's Bees Inc - Company Profile and News - Bloomberg Markets 1999. . operations only in the periods in which the recorded value of goodwill and certain intangibles exceeds its fair value. No. An . Following the first progress update in 2016, Burt's Bees' 2018 update focuses on progress in 11 goal areas outlined when the brand's 2020 Sustainability goals were set in 2012. He was 80. It's a measure of a company's overall profitability, i.e. The aggregate maturities of long-term debt as of Burt's Bees is an interesting case, which discusses the success story of an all natural skin care company. What We Make How We Operate Salary. Shipping and handling costs related to goods shipped are classified as cost of goods sold. The Company estimated that its excess cash flow was $4,900,000 and $1,723,000 as of December31, 2006 and 2005. Burt's Bees Calming Night Cream Review - byrdie.com The expected term of options granted is derived using the simplified method and represents the period that options granted are expected When the brand set these sustainability goals more than five years ago, they were ambitious. Foreign currency transactions are accounted for in In assessing the realizability of deferred tax assets, management considers whether it is more likely In 2006, $31,000 of tax benefits were reported as a financing activity. $94,279,000. 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. 2005. For the Shop the best for newborns, babies and toddlers. None of the information on this page has been provided or approved by Burt's Bees. How Burt's Bees Lip Balm Is Made | How Stuff Is Made - YouTube price and will increase the amount of recorded intangible assets when the contingencies are resolved. non-GAAP financial measures, are set forth in the Form 10-K and its If this review by management indicates that the carrying value would not Company issued $25,000,000 in second lien senior secured notes (Second Lien Notes). She moved to Maine, built a cabin in the woods . In June 2006, the Financial 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). BURT'S BEES SKIN CARE: Use Burt's Bees naturally moisturizing face cream as part of your daily Burt's Bees sensitive 5 product face care regimen for a healthier looking complexion . The notes are secured by Burt Shavitz, the man whose face is on your minty Burt's Bees lip balm and body wash, died on Sunday in Bangor, Maine. A federal judge in California has ruled against Burt's Bees' request for the dismissal of a class action lawsuit accusing it of misleadingly labeling some of its products as "100% natural.". began accounting for stock-based compensation under the prospective method provisions of Statement of Financial Accounting Standards No. The Company expenses costs of advertising and promotional costs as incurred. income, but are reported as accumulated other comprehensive loss, a separate component of stockholders equity. Burt's Bees Social And Environmental Dedication To Be Recognized disclosure requirements and introduces a prescriptive, annual, tabular rollforward of the unrecognized tax benefits. The Company required to prepay the principle of the senior first lien term notes based upon excess cash flow, as defined in the agreement, with payment of the excess cash flow within 120 days after year end. Supplemental information regarding acquisition - SEC As of December31, 2006 and 2005, the allowances for doubtful accounts receivable and sales returns totaled $253,000 and $237,000, respectively. Inventories are stated at the lower of cost or market. The fair value of these warrants was recorded as a discount on the debt and was amortized as additional interest expense over the term of the These options have an exercise price of $8,360 per share, generally a graded vesting period of five years or 20% vested per year, and generally an expiration date ten Milk Hand Cream, Hand Salve and Pomegranate Lip Balm. July 6, 2015. on the First Lien Notes. Intangible assets resulted from a business FEET: Pamper and soothe dry, rough, cracked skin with moisturizing hand salve, cuticle cream, hand cream and rich foot cream. As of December31, 2006, construction in progress included approximately $268,000 of software being developed for internal use which is the estimated amount that the Company would receive to terminate the agreement at the reporting date, taking into account current interest rates. BURTS BEES GIFT SET: This gift set includes 5 favorite Burts Bees skin care products that come in a giftable box perfect for stocking stuffers during the holidays to nourish skin during the harsh winter months. The Company The profit ratio measures the amount of profit generated by each single currency unit of sales. Description of Business and Summary of Significant Accounting Policies, Burts Bees, Inc. (the Company) is a manufacturer of natural personal care products. 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. provisions of Statement of Financial Accounting Standards No. Burt's Bees Releases 2018 Progress Update on 2020 Sustainability Goals Headquarters. inventory cost. (See footnote 5). Allowances for sales returns are recorded as reductions of accounts receivable on the balance sheet and the provision recorded as a reduction of revenue on the statement of With the net proceeds of the First Lien Notes on March29, 2005, the Board of Directors approved a cash dividend of $5,842 per ClassA common share totaling And sometimes, what you measure, you become. Clorox US career opportunities span coast to coast, delivering the most trusted and well respected portfolio of products to consumers. combination accounted for using the purchase method. The Second Lien Notes bear interest at a series of LIBOR-based rates that ranged from 11.27% to 12.25%per annum during 2006. The brand is focused on two areas where it wants to have an even bigger impact in coming years: reducing waste and energy and having a positive impact on its sourcing communities around the world. 45 ($17.42/Ounce) $9.93 with Subscribe & Save discount. The Company has recorded a long term liability of approximately The Company monitors customers payment history and establishes reserves for Buzzkill: Don't Try the Burt's Bees TikTok Trend Property and equipment consists of the following at December31: Depreciation expense totaled $2,835,000 and $1,847,000 for the years ended December31, 2006 and 2005, Accounting Standards Board (FASB) issued FASB Interpretation No. Weve been earning peoples trust since 1913. Burt's Bees takes double-digit hit to sales amid consumer shifts Burts Bees's Annual Report & Profile shows critical firmographic facts: By our suggestions above, we hope that you can found Burts Bees Annual Report for you.Please dont forget to share your experience by comment in this post. The effect of the swap is to convert a portion of the interest rate on the First Lien Notes from a variable rate to a fixed rate of 3.875%. Infant Death Linked to Contaminated Breast Pump: CDC financial institutions. of its leases. 100% (1) 100% found this document useful (1 vote) 357 views. income for that period. Our commitments to social and environmental sustainability. PDF Burt'S Bees 2020 Sustainability Goals Update Burt's Bees Co-Founder Burt Shavitz Dies - The Atlantic PDF 2016 Integrated Annual Report Amazon.com: Burts Bees Management reviews the carrying value of its identifiable intangible assets for recoverability if indicators of impairment arise.
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