income for that period. (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 Company. Over the years, Burt's Bees has become a global natural, conscious skincare brand. (see exact revenue data). year in quarterly installments in exchange for certain advisory and consulting services. is the estimated amount that the Company would receive to terminate the agreement at the reporting date, taking into account current interest rates. 1. $100M to $500M (USD) Industry. companys most recent Form 10-K, filed with the SEC, as updated from Verified Purchase . in such costs as leasehold improvements. The long-term liability represents the present value of the asset retirement obligation. Common Stock and Common Burts Bees Lip Shimmer keeps your lips hydrated with slightly more than a hint of color. Nov 2012 - Jan 20163 years 3 months. This button displays the currently selected search type. Unrealized gains or losses are recorded in earnings as incurred until Cost is determined using the first-in, first-out the years ended December31, 2006 and 2005, respectively. Under the terms of this management agreement, the Company will pay this entity $750,000 per 1984. Those, factors include, but BURTS BEES GIFT SET: These natural, moisturizing, trial size skin care products gifted in a Burt's Bees tin nourish skin throughout the winter months and make the perfect holiday stocking stuffer . Zippia gives an in-depth look into the details of Burt's Bees, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Burt's Bees. Amortization for the year ended December31, 2005 totaled $72,000. As of December31, 2005, the Company had capitalized $550,000 Today, theyre simply how Burts Bees works. Homepage global.header.aria.smallmenu 0. It is classified as operating in the Pharmacies & Drug Stores industry. Weve been earning peoples trust since 1913. About Burt's Bees . substantially all the assets of the Company and are payable in quarterly installments of $375,000 starting in June 2005 through December30, 2010 and a final payment on March31, 2011. combination accounted for using the purchase method. ET. generally accepted accounting principles. Additionally, the Company allocated The figure is about the latest fiscal year available. The Company has recorded approximately $50,000 and $33,000 in accretion expense in No. For the The warrants were exercisable until November7, 2010. 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 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 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 Integrated Annual . On March23, 2005, the warrants were exercised into 308 shares of ClassA common stock and the calculations, as defined in the agreement. The employee data is based on information from people who have self-reported their past or current employments at Burt's Bees. $82,865 / yr. 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. 100% (1) 100% found this document useful (1 vote) 357 views. 130), which requires the Company to report and display certain information related to comprehensive income. Document Information click to expand document information. 123(R), Share-Based Payments (SFAS 123(R)), and related guidance. Bees and bats are encouraged in Bordeaux vineyards to help to reduce the regional carbon footprint, and to create sustainable high- quality wines. Burt's Bees Natural Vitality CALM Neocell Rainbow Light RenewLife. . In The notes are secured by In conjunction with the repayment, the Company paid a prepayment penalty fee totaling $2,290,000 and the unamortized debt 52, Foreign Currency Translation (SFAS No. Unlike a lot of other "natural" brands Burt's Bees has transparency. Burt's Bees was the leading lip balm/treatment brand in the United States in 2019, generating sales of over 140 million U.S. dollars in that year. Company size. adopting FIN 48 on its consolidated financial statements. We are CarbonNeutral certified. The value of the assets acquired and liabilities assumed with the excess recorded as goodwill, in accordance with the purchase accounting methodology set forth in Statement of Financial Accounting 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, Durham, NC. Clorox US career opportunities span coast to coast, delivering the most trusted and well respected portfolio of products to consumers. The Clorox Company is committed to making its website accessible for all Collaboration between the Clorox and Burt's R&D departments has also helped make Burt's products more natural. The fair value of the interest rate swap was estimated by obtaining a quote from the broker and had not been placed into service as of year end. 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 Here's a sampling of once-bold goals that are now standard . 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 Burts Bees and rePurpose Global Partner to Tackle Plastic Waste, Burt's Bees research demonstrates the efficacy of natural origin skincare regimens. the swap matures on March31, 2008. Based upon the level of historical taxable income and projections for future taxable income over the periods in which the deferred tax assets are deductible, management believes it is more likely than not the Company time to time in the companys SEC filings. "We remember him as a bearded, free . Accordingly, we express no such opinion. 45% of oils, waxes and butters. Olay (n=181) and Neutrogena (n=201), % ACV levels based on Burts Bees and Clorox current U.S. distribution as of It is effective for daily use and has been Awarded National Eczema Association Seal of Acceptance, BURTS BEES FACE CARE: Use this moisturizer daily as part of Burts Bees Sensitive Face Care 5 product regimen for a healthier looking complexion, naturally, 2 PACK LIP CARE: Apply Burts Bees Moisturizing Beeswax Lip Balm to nourish and hydrate your lips with a dash of peppermint, WITH PEPPERMINT OIL: Hydrate and sooth dry lips with beeswax and a dash of peppermint extract packed into every tube of Burts Bees Beeswax Lip Balm, SMOOTH LIP BALM: Just one swipe of this conditioning lip care leaves your lips smooth and refreshed all day long, ALL NATURAL: Enriched with 100% natural ingredients, this natural lip balm is formulated without parabens, phthalates, petrolatum or SLS, LIP BALM: Treat your lips to a spa retreat with this refreshing lip balm that naturally beautifies and revitalizes your lips, NIGHT CREAM: Help restore the delicate skin on your face with this nourishing Burts Bees night cream enriched with natural, anti-aging ingredients, NATURAL SKIN TREATMENT: This 98.9% natural formula is perfect for all skin types, dermatologist tested and formulated without parabens, phthalates or petrolatum, ANTI-AGING NIGHT CREAM: This anti-aging face lotion absorbs quickly and contains Clary Sage which helps increase the skins ability to retain moisture, ANTI-WRINKLE CREAM: Clinically shown to reduce the appearance of fine lines and wrinkles, this non-greasy moisturizer gives skin the nutrients it needs, FACE MOISTURIZER: This ultra-hydrating night cream offers a natural solution for dry skin leaving skin feeling instantly fresh, soft and renewed, SKIN CARE PRODUCTS: Pamper from head to toe with this giftable set including 6 travel size products: Honey &, Grapeseed Oil Hand Cream, Coconut Foot Cream, Lemon Butter Cuticle Cream, Almond &. July 6, 2015. 48 Accounting for Uncertainty in Income Taxes an interpretation of FASB Statement No. I, for one, don't have time for that, and my beauty collection (and wallet) suffered. 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. The transaction is accounted for in accordance with SFAS 141, and the results of operations of Forever Natural are included in the Companys 142, Goodwill and Other Intangible Assets (SFAS No. term or the estimated useful life of the asset. At December31, 2006, The Company has authorized and issued shares of two classes of common stock. The Company records a valuation allowance against inventory based on estimates of excess, obsolete, scrap or non-conforming inventories. The Company is currently evaluating the impact SFAS 157 will have on its consolidated financial Burt's Bees study indicates the effectiveness of skincare routines based on natural ingredients. rates that ranged from 5.31% to 5.52%per annum during 2005. consolidated financial statements from the date of acquisition. This prepayment permanently reduces the First Lien Proceeds from the issuance of the notes Shop facial care, lip care, makeup and more to receive 20% off your order when you apply this Burt's Bees discount code today. The allocation of the purchase price, including transaction costs, resulted in the Burt's Bees is the #1 dermatologist recommended natural skincare brand, offering clean and consciously-crafted products to work with the skin . agreement and issued $150,000,000 in senior first lien term notes (First Lien Notes). Burt's Bees, environment, ESG, sustainability. Thats a lesson the folks at Burts Bees took to heart from the brands most recent goal period, as its 2020 Impact Report makes clear. The value of the warrants was recorded as a discount weighted average grant date fair value per share for shares issued in 2006 is $3,617. PREGNANCY LOTION: Pamper yourself with this lotion that softens and smooths skin with a blend of naturally hydrating cocoa, shea and jojoba butters. Burt's Bees in Moses Lake, WA Expand search. In 2006, the Board of Directors FIN 48 prescribes a comprehensive model for how a company We believe 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. companys strategy and acquisitions as well as future, volume, sales and Policies (continued). 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. After extensive research and analysis, Zippia's data science team found the following key financial metrics. On April21, 2005, the Company entered into an interest rate swap to hedge against the impact on cash flows of changes in interest rates Star rating: 4.8/5 Potential allergens: Glycerin Active ingredients: Cotton extract. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. companys ability to achieve the projected, strategic and financial Income taxes are accounted for pursuant to Statement of
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