The accumulated other comprehensive loss balance consists entirely of foreign 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. 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. 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. Interest is payable quarterly and the entire principal balance is due on March29, 2012. 109, Accounting for Income Taxes (SFAS 109). What We Make How We Operate had not been placed into service as of year end. Under the prospective method, the Company will continue to account for non-vested awards outstanding at the date of adoption of (SFAS 141). The figure is about the latest fiscal year available. The assumptions for the Black-Scholes-Merton model used in determining the fair value of options granted to employees for the year ended December31, 2006 were: The option-pricing model uses a forecast of the volatility of the Companys common stock during the expected adopting FIN 48 on its consolidated financial statements. notes, the Company was required to prepay the principle of the senior notes based upon excess cash flow, as defined in the agreement, with payment of the excess cash flow within 120 days after year end. I was invited to paint a mural for their annual culture day to honor the passing of the company's founder, Burt Schavitz. When expanded it provides a list of search options that will switch the search inputs to match . Adjustments resulting from the translation of the Companys subsidiaries financial statements from its functional currency to the United States dollar are not included in The Company pays a quarterly commitment fee of 0.50% on the unused portion of the revolver. 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. As discussed in Note 8, the The Clorox Company. Burt's Bees is a natural brand focused on using only the highest quality ingredients for their products. The Companys existing recorded assets and liabilities were deemed to approximate at fair value at the date of investment, and the balance sheet did not change significantly between the transaction date and December31, $713,000 of the purchase price to inventory, $113,000 to equipment, and $9,000 to other assets. Burt's Bees Sustainability. Accounting Standards Board (FASB) issued FASB Interpretation No. Advertising and promotional expenses totaled $9,718,000 and $11,230,000 At December31, 2006, two customers represented approximately 27% and 14% of accounts receivable. The employee data is based on information from people who have self-reported their past or current employments at Burt's Bees. Sales are recorded net of an estimated The Company markets its products as earth friendly, natural personal care products.. (see exact revenue data). Burts Bees's Annual Report & Profile shows critical firmographic facts: 157, Fair Value Measurements (SFAS 157), to provide enhanced guidance when 1-800-227-1860 so that we can provide you access through debt. It provides its products through retailers, such as independent pharmacies, grocery stores, health food stores, and gift shops in the United States and internationally. Burt's Bees | 27,963 followers on LinkedIn. respectively. The Company is currently assessing the impact of Bees Market Share by Category, Natural Food Channel, Source: Clorox Commissioned US Consumer Survey (n=1022). Canada ULC. In June 2006, the Financial Identifiable intangible assets consist of the following at December31, 2006 and 2005 (in thousands): Estimated future aggregate amortization of the trade secrets, customer list intangibles, and covenant not to to excess stock-based compensation as a financing activity in its consolidated statements of cash flows. We offset our annual water consumption through watershed restoration projects. All Rights Reserved. Report of Independent Auditors . Burts Bees 100% Natural Moisturizing Lip Balm, Original Beeswax with Vitamin E & Peppermint Oil4 Tubes (Packaging May Vary), Burts Bees Mama Bee Belly Butter, Fragrance Free Lotion, 6.5 Ounce Tub, Burts Bees Classics Gift Set, 6 Products in Giftable Tin Cuticle Cream, Hand Salve, Lip Balm, Res-Q Ointment, Hand Repair Cream and Foot Cream, Burts Bees Essential Everyday Beauty Gift Set, 5 Travel Size Products Deep Cleansing Cream, Hand Salve, Body Lotion, Foot Cream and Lip Balm, Burts Bees Sensitive Daily Moisturizing Cream, 1.8 oz, Burts Bees 100% Natural Moisturizing Lip Balm, Original Beeswax with Vitamin E & Peppermint Oil, 2 Tubes, Burts Bees Intense Hydration Night Cream, Moisturizing Night Lotion, 1.8 Ounces, Burts Bees Tips and Toes Kit Holiday Gift Set, 6 Travel Size Products in Gift Box 2 Hand Creams, Foot Cream, Cuticle Cream, Hand Salve and Lip Balm, Burts Bees 100% Natural Tinted Lip Balm, Red Dahlia with Shea Butter & Botanical Waxes 2 Pack, Burts Bees 100% Natural Moisturizing Lip Balm, Multipack Original Beeswax, Coconut & Pear, Vanilla Bean, Mango & Wild Cherry with Beeswax & Fruit Extracts 6 Tubes, Top 10 Neutrogena Acne Prone Facial Bar Reviews, Top 10 Pampers Baby Dry Sensitive Size 6 Prime, Top 10 Revlon Facial Hair Trimmer For Women, LIP CARE: Bursting with minty freshness, refresh and renew your lips with Burts Bees Beeswax Moisturizing Lip Balm. 142, goodwill and certain intangibles are not amortized into results of operations, but instead are reviewed for impairment at least annually and written down and charged to The Company granted 1,294 options to eligible employees and had one modification of 142 previously vested options during 2006. See full report. About Burt's Bees . and such amounts recognized for income tax purposes. The value of the warrants was recorded as a discount 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 and administrative expense on the statement of income for that period. The jersey knit allows for stretch for wider feet and the wrap-around . ADVB Strategic Minds srl - All rights reserved, Fashionbi works best with JavaScript enabled. View Data as Table. how much of its sales are converting to profit. For years, Burt's Bees has been a bright spot on the firm's earnings reports. strategy, culture, and execution track record, which we intend to It includes the overall revenue of the company, considering not only the sales of finished goods, but all of the sources of the company income. The Company deposits its cash and cash equivalents in domestic $94,279,000. escalation clauses and renewal options as outlined in the agreements. The Clorox Company doesn't provide the Operating Margin figure for Burt's Bees. or permit assets or liabilities to be measured at fair value and, while not requiring new fair value measurements, may change current practices. Responsibility. Naturally, when they planned to break into a new product category, consumer content was a critical element of their strategy. Burt's Bees has been offering distinctive earth-friendly, natural health and beauty care products for 30 years. Award winning pajamas, crib sheets, shampoo and more. July 6, 2015. Responsibility. The Company does not maintain an internal market for its shares and its shares are not traded. Corporations are Hives of People. Financial Standards No. In addition, the Company reimburses an affiliate of a stockholder for certain administrative costs which totaled approximately $50,000 and $89,000 in 2006 and 2005, respectively, Company recorded the remaining unamortized warrant discount totaling $1,604,000 as a component of interest expense in 2005. customer represented approximately 14% of total revenue. THURSDAY, March 2, 2023 (HealthDay News) -- A new study links high blood pressure during pregnancy with cognitive issues later in life, adding to known risks such as stroke and estimates and assumptions that affect the amounts reported in the financial statements and disclosures made in the accompanying notes to the financial statements. issued by the Burt's Bees Foundation to protect biodiversity and reconnect people to nature. The Company has presented the tax benefit for deductions relating responsibility of the Companys management. Company. life of the option. Since then, the Company has grown rapidly and built a valuable, distinctive brand image among a large loyal customer base. 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 Description: Essay on Burt's Bees annual report. Our commitments to social and environmental sustainability. useful lives, ranging from seven to ten years. This annual report highlights their mission statement and shares stories from their customers who love the products. 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 Essay on Burt's Bees annual report. Unlike a lot of other "natural" brands Burt's Bees has transparency. 5.0 out of 5 stars Perfect for sensitive skin. The carrying amounts approximate fair value because the variable interest rates are based on LIBOR, as defined in the note agreements. The bad debt allowance is recorded as a reduction of accounts receivable on the balance sheet and the provision recorded for an accounting period is recognized as an increase in selling, general An audit also includes examining, on a Investor Contact (510) 271-7767. investorrelations@clorox.com. Long-term debt consists of the following at December31: Effective March29, 2005, the Company amended and restated its bank credit of which approximately $10,000 and $32,000 was payable as of December31, 2006 and 2005, respectively. years from the date of grant. These notes were repaid on March29, Shop the best for newborns, babies and toddlers. Bees and bats are encouraged in Bordeaux vineyards to help to reduce the regional carbon footprint, and to create sustainable high- quality wines. Shop our selection of Burt's Bees natural personal care products, including skin care products, lip balms, lip colour products, soaps, lotions, natural baby products, and more. 0. Burt's Bees Natural Vitality CALM Neocell Rainbow Light RenewLife. cost basis. Burt's Bees 100% Natural Tinted Lip Balm, Red Dahlia with Shea Butter & Botanical Waxes - 2 Pack. $217,000 and $206,000 as of December31, 2006 and 2005, respectively. Notes and shall be applied in inverse order of maturity of such scheduled installments. Collaboration between the Clorox and Burt's R&D departments has also helped make Burt's products more natural. We intend to, pay down debt and return to long-term target of 3.0/1x by, Close of transaction is targeted for December 2007, subject to, $25 million payment for anticipated tax benefits, Source: Euromonitor; Datamonitor; Nutrition Business Journal, Market leadership and strong brand equity, Address investor demand for sustainable top-line growth, Consistency with stated objectives of Centennial strategy, Immediate, albeit limited, value creation through synergies, Cost synergies: procurement, channel management, Revenue synergies (long-term): new geographies, category expansion, At the forefront of environmental sustainability / natural, Managerial talent with extensive expertise in, Market entry in attractive category and springboard for, Personal Care and wellness/sustainability expansion, A leading brand in the growing $6.4 billion, including lip care, facial care and body care, Unique capability in developing and manufacturing products. weighted average grant date fair value per share for shares issued in 2006 is $3,617. FRIDAY, March 3, 2023 (HealthDay News) -- Don't put lip balm on your eyelid, even if you saw it on TikTok. Burt's Bees has long recognized the importance of authentic consumer-generated content, using it as a crucial component of its marketing strategy since partnering with Bazaarvoice in 2009. If you have difficulty accessing any content, feature or functionality subordinated notes payable. Responsible for planning and execution of booth and managing attendees for past shows. As the 2006 amount is expected to be paid by Nowadays, there are so many products of burts bees annual report in the market and you are wondering to choose a best one.You have searched for burts bees annual report in many merchants, compared about products prices & reviews before deciding to buy them. No. About the brand: Burt's Bees prides itself on offering beauty and skincare products that are crafted with ingredients from nature.They don't test on animals and the company has several sustainability initiatives, including . Weve been earning peoples trust since 1913. should recognize, measure, present and disclose in its financial statements uncertain tax positions that the Company has taken or expects to take on a tax return (including a decision whether or not to file a return in a particular jurisdiction). $59,924 / yr. Finance Manager salaries - 2 salaries reported. consumer was asked about one other random company from which they had purchased personal care items; Core is a weighted average of Tom's (n=81), Kiss My . NATURAL SKIN CARE: This lotion for moms to be is non-irritating and 99% natural formulated without phthalates, parabens, petrolatum, or SLS. Position 98-1, Accounting for Costs of Computer Software Developed or Obtained for Internal Use. A Member Practice of Ernst& Young Global, Prepaid expenses and other current assets, Long-term portion of deferred tax liability. A luscious but pricey tinted lip balm in a dozen colors: Fresh Sugar Lip Treatment Sunscreen SPF 15. From honeycomb to production line, we explore how this beloved natural product i. The Company incurred debt issuance costs of $2,241,000 in connection with these notes. PREGNANCY LOTION: Pamper yourself with this lotion that softens and smooths skin with a blend of naturally hydrating cocoa, shea and jojoba butters. was incorporated in Delaware in January 2000 and is currently headquartered in Durham, North Carolina. directly, comparable GAAP financial measures and reconciliation to Prior to adoption, the Company used the fair value, net of estimated forfeitures, over the remaining vesting term on a straight-line basis. The profit ratio measures the amount of profit generated by each single currency unit of sales. When the brand set these sustainability goals more than five years ago, they were ambitious. Get Discount Code LASTCHANCE20. The valuation allowance is charged to the provision for inventory which is a misstatement. As of December31, 2006, additional cash consideration of $200,000 was accrued based on the achievement of established 2006 financial 8 pages.
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