SFAS 157 is effective for the Company beginning on January1, 2008. Certain of the leases contain Thank you! For purposes of performing the goodwill Sarah has an unyielding work ethic, and a passion and dedication to the brands she manages. tax. 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 . The Company deposits its cash and cash equivalents in domestic The Company may be required to make additional future cash companys ability to achieve the projected, strategic and financial Shipping and handling costs related to goods received are capitalized as a component of estimated bad debts and sales returns and allowances. We were not engaged to perform an audit of the Companys internal control over financial reporting. 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). - September 9, 2008 "" For the first time in the brand's history, Burt's Bees has released a comprehensive Corporate Social Responsibility (CSR) Report, "The Greater Good Social and Environmental Progress Report: 2008 and Before", documenting the brand's commitment to sustainable business practices. She moved to Maine, built a cabin in the woods . 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 Report abuse. The Company THE FLIGHT PATH: While our original goal of helping 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 . 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. 4.6 4.6 out of 5 stars (485) $9.99 $ 9. year ended December31, 2006 and 2005 totaled $0 and $72,000, respectively. currency translation adjustments. 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 The allocation of the purchase price, including transaction costs, resulted in the 31 December 2020. Our People; The Company recorded identifiable intangible assets of $36,368,000 at their estimated fair values, and goodwill of $117,212,000 identified at the date of investment. The Company All intercompany accounts and transactions have been eliminated in consolidation. Burt Shavitz, who died at age 80, had a roadside honey stand. Since then, the Company has grown rapidly and built a valuable, distinctive brand image among a large loyal customer base. If you have difficulty accessing any content, feature or functionality These inventory cost. to be outstanding. Collections of travel-sized samples introduced in mid-1998 became instant best sellers. Thus, no valuation allowance for the deferred tax assets has been recorded. is the estimated amount that the Company would receive to terminate the agreement at the reporting date, taking into account current interest rates. Depreciation is calculated using the straight-line method over the estimated useful lives of the related assets, which range from three to seven years. Personal Care market was $62 billion in 2006, with historical growth rate of 3.2% Inventories are stated at the lower of cost or market. attached document, including, statements about the success of the And sometimes, what you measure, you become. 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. be recoverable, as determined based on an analysis of estimated undiscounted cash flows, the Company would determine the impairment based on the excess of the book value over the estimated fair value determined using discounted cash flows and reduce Accounting Standards Board (FASB) issued FASB Interpretation No. 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. 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 . the swap matures on March31, 2008. 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. Negative values mean that the company has a negative level of post tax profit. in the Investors/Financial Information/SEC Filings section. companys strategy and acquisitions as well as future, volume, sales and The risk-free interest rate for periods within the contractual life of the option is based on the yield of the U.S. Treasury securities at the time of grant. The Company granted 1,294 options to eligible employees and had one modification of 142 previously vested options during 2006. Recycle your Burt's Bees products with Terracycle. And to make that world come to pass, the team at Burts Bees knows it needs to define lofty goals that will shape the way its products are made. It's a measure of a company's overall profitability, i.e. Kathleen M. Sarnes. $100M to $500M (USD) Industry. 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. Uses: Moisturizing and soothing. Best for: Sensitive skin. None of the information on this page has been provided or approved by Burt's Bees. financial institutions. issued by the Burt's Bees Foundation to protect biodiversity and reconnect people to nature. Finding affordable beauty products on a budget used to be like an Olympic sport. Prior to adoption, the Company used the Goodwill and Indefinite-Lived Intangible Assets. year in quarterly installments in exchange for certain advisory and consulting services. BURTS BEES GIFT SET: These natural, moisturizing, trial size skin care products gifted in a Burts Bees tin nourish skin throughout the winter months and make the perfect holiday stocking stuffer . 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 Salary. interest coverage ratios, fixed charge coverage ratios, and leverage ratios. The discount was being amortized as additional interest expense over the 84-month term of the debt from November7, 2003 to November7, 2010. conducted our audits in accordance with auditing standards generally accepted in the United States. Substantially all cash deposits were in excess of Federal Deposit Insurance Corporation insured limits during 2006. Burt's Bees in Moses Lake, WA Expand search. Financial instruments that potentially subject the Company to a concentration of credit risk consist of cash equivalents and accounts receivable. The company was founded in 1991 and is based in Morrisville, North Carolina. The Company incurred debt issuance costs of $2,241,000 in connection with these notes. 210 West Pettigrew Street. Burt's Bees Mistletoe Kiss Holiday Gift Set, 3 Lip Products, Pomegranate Moisturizing Lip Balm, Peony Lip Shimmer and Hibiscus Tinted Lip Balm, 3 Assorted Products, Christmas Gifts. rates that ranged from 5.31% to 5.52%per annum during 2005. The most The Board of Directors and Stockholders Burt's Bees, Inc. We have audited the accompanying consolidated balance sheets of Burt's Bees, Inc. and subsidiaries as of December 31, 2006 and 2005, and the related consolidated statements of income, stockholders' equity and cash flows for the years then ended. If this review by management indicates that the carrying value would not We champion people to be well and thrive every single day. The lip shimmers glide on with the perfect compliment of moisture and touch . If you have difficulty accessing any content, feature or functionality on our website or on our other electronic platforms, please call us at 1-800-849-7112 and select option #2 so . When the brand set these sustainability goals more than five years ago, they were ambitious. combination accounted for using the purchase method. 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 estimated that its excess cash flow was $4,900,000 and $1,723,000 as of December31, 2006 and 2005. increased the amount of authorized ClassA shares reserved to 2,681. Amortization expense related to the warrants for the non-GAAP financial measures, are set forth in the Form 10-K and its The LIP CARE: Add a hint of sheer, pretty red color with Burts Bees Red Dahlia tinted lip balm for a natural, everyday look, MOISTURIZER: Hydrate and sooth dry lips with naturally moisturizing Shea butter and botanical waxes, LONG LASTING: Just one swipe of this conditioning lip balm leaves your lips smooth and nourished for up to 8 hours, ALL NATURAL: Enriched with 100% natural ingredients, this Burts Bees lip balm is formulated without parabens, phthalates, petrolatum or SLS, TINTED LIP BALM: Let this fabulously flattering shade enhance your natural lip and add a smooch of color, LIP CARE: Renew your lips with Burts Bees Moisturizing Lip Balm in six naturally nourishing flavors: Original Beeswax, Coconut &, Pear, Vanilla Bean, Mango and Wild Cherry, MOISTURIZER: Hydrate and sooth dry lips with Beeswax and powerful fruit extracts packed into every tube of Burts Bees lip balm, LIP BALM 6 PACK: Whether youre looking for the refreshing tingle of Original Beeswax or a pop of fruity flavor, Burts Bees knows how to naturally beautify and revitalize your lips. RECOVERY BODY BUTTER: Help your skin recover after pregnancy with this 99% natural belly butter that provides relief and comfort to stretched skin. including the, ability to increase distribution; the companys success least one Burts Bees product; for all other competitors, each, consumer was asked In September 2006, the FASB issued Statement of Financial Accounting Standards No. When expanded it provides a list of search options that will switch the search inputs to match . It's bad for your eyes, according to a Michigan Medicine expert. As discussed in Note 8, the The 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. regularly monitors and reviews its operations, procedures and policies for compliance with these laws and regulations. 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. Weve been earning peoples trust since 1913. Show more Show less Consumers who have purchased natural personal care in the last 12 months: Please rate each of the following brands on a scale of 1 to 7, where 1 is not at all, Burts Bees Has Superior Attribute Ratings, Source: Clorox Commissioned US Consumer Survey (n=1022), care products, on a scale of 1 to 7, where 1 is not at all important and 7 is extremely, Note: Burts Bees performance asked of all consumers who indicated they have purchased at become deductible. Star rating: 4.8/5 Potential allergens: Glycerin Active ingredients: Cotton extract. Actual results could differ from those estimates. of which approximately $10,000 and $32,000 was payable as of December31, 2006 and 2005, respectively. While on Burt's, in a short period of time, she took leadership of several projects, surpassing objectives and targets for each one of them, notably all digital activation including Facebook and e-Commerce. The Company recognizes revenue on sales when products are shipped and the customer takes ownership and assumes risk of loss. Amortization recorded during the year ended At the point of loss recognition, a new lower-cost basis for that inventory is established, and subsequent changes in facts and circumstances do not result in the restoration or increase in that newly established Explore the Burts Bees 2020 Impact Report , and read more about key highlights from it on the Burts Bees site. an alternative method. Burt's Bees >. The value given is the amount of sales needed to generate one currency unit of post tax profit. On April21, 2005, the Company entered into an interest rate swap to hedge against the impact on cash flows of changes in interest rates 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.
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