Revenue and expense accounts are Burt's Bees Launches Sustainability Initiatives, Including Net Zero 2006 and 2005, respectively. 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. 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. Goodwill and Indefinite-Lived Intangible Assets. $94,279,000. COMMUNITY OUR GOAL: Register 10,000 honeybee forage sites and 10,000 acres through partnerships of The Burt's Bees Greater Good Foundation by 2020. Price: $11. 31 December 2018. 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. Document Information click to expand document information. 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. Burt's Bees The recognition and attribution provisions of SFAS 123(R). FREE delivery Tue, Feb 28 on your first order. Except for historical information, matters discussed in the A tropical-smelling lip balm for daily use: Supergoop Play Lip Balm SPF 30 with Acai. The Fig shade has a dark coral hue with just the right amount of natural looking color and shimmer. The Company sponsors a defined contribution plan pursuant to Section401(k) of the Internal Revenue Code. Feb 2, 2022. exhibits furnished to the SEC, which is posted at. Burt Shavitz, the man whose face is on your minty Burt's Bees lip balm and body wash, died on Sunday in Bangor, Maine. 4.6 4.6 out of 5 stars (485) $9.99 $ 9. 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. conducted our audits in accordance with auditing standards generally accepted in the United States. component of cost of goods sold. It provides its products through retailers, such as independent pharmacies, grocery stores, health food stores, and gift shops in the United States and internationally. companys ability to achieve the projected, strategic and financial $1.5 million+ in grants and product donations. Annual sales reached $8.2 million in 1998. Unlike a lot of other "natural" brands Burt's Bees has transparency. Burt's Bees Lip Shimmer - Fig - .09oz : Target As discussed in Note 8, the Clorox entered into a merger agreement on Oct. 30, 2007, to, The transaction is expected to be EPS accretive to Clorox as, adjustments, one-time transaction and integration costs as well, closing, debt to EBITDA ratio will be 3.5/1x. Certain of the leases contain You are what you measure. The Company recorded $750,000 of sales, general and administrative expense in the accompanying consolidated statements of income for the years ended Amortization for the year ended December31, 2005 totaled $72,000. 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. Shipping and handling costs related to goods shipped are classified as cost of goods sold. When expanded it provides a list of search options that will switch the search inputs to match . Burt's Bees: Are they Greenwashing? - Sustainably Savvy 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. How Burt's Bees made Clorox more sustainable - The Guardian 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 . Revenue. 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 . "The Burt's Bees brand is well-anchored in sustainability and health and wellness, and we believe it will benefit from natural and "green" tailwinds . useful lives, ranging from seven to ten years. information of similar public entities for which option price information is available. life of the option. actual future events or the value ultimately realized by employees who receive these awards, and subsequent events are not indicative of the reasonableness of the Companys original estimate of fair value. Burt's Bees is an interesting case, which discusses the success story of an all natural skin care company. As of December31, 2006, additional cash consideration of $200,000 was accrued based on the achievement of established 2006 financial in such costs as leasehold improvements. If this review by management indicates that the carrying value would not - 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. <style>.fallback-nojs { display: flex; flex-direction: column; justify-content: center; align-items: center; text-align: center; } .fallback-nojs a { color . The following methods and Investors - Financial Information - Annual Reports - Clorox $59,924 / yr. Finance Manager salaries - 2 salaries reported. 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 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. Prior to adoption, the Company used the The Company recognizes revenue on sales when products are shipped and the customer takes ownership and assumes risk of loss. What We Make How We Operate It is an unusual concept but the founder Roxanne Quimby saw the market for such a product and immediately started acting upon this opportunity to create the best skin care company in the world. The lip shimmers glide on with the perfect compliment of moisture and touch . 48 Accounting for Uncertainty in Income Taxes an interpretation of FASB Statement No. On April21, 2005, the Company entered into an interest rate swap to hedge against the impact on cash flows of changes in interest rates Clorox To Buy Burt's Bees - Forbes year ended December31, 2006, foreign currency losses amounted to $37,000. 130, Reporting Comprehensive Income (SFAS And sometimes, what you measure, you become. The Company expenses costs of advertising and promotional costs as incurred. These 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. Burt's Bees in Moses Lake, WA Expand search. 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 Sarah has advanced quickly in her career, and . Burt's Bees Annual | sydneyhirsh When the brand set these sustainability goals more than five years ago, they were ambitious. Effective November7, 2003, the Company issued $25,000,000 in senior payments and the success of new products. Clean: Yes. Amazon.ca: Burt's Bees debt. Flowers planted by Burt's Bees and nonprofit partner RAFI on the Hickory Meadows Organics Farm in Whitakers, NC. The Company has a $15,000,000 revolving line of credit, collateralized by substantially all Cost is determined using the first-in, first-out Burt's Bees - Overview, News & Competitors | ZoomInfo.com High Blood Pressure in Pregnancy Tied to Thinking Problems Later 123(R), Share-Based Payment, to account for stock-based compensation. Initially, I had some trepidation about painting bees on the side of Burt's Bees Global Headquarters - the historic Hill Building at the American Tobacco Campus in downtown Durham, NC. The new report from the U.S. Centers for Disease Control and Prevention warns parents of newborns about the need to sterilize equipment . Under SFAS 109, deferred income taxes are provided on temporary differences between the amounts of assets and liabilities recognized for financial reporting purposes All intercompany accounts and transactions have been eliminated in consolidation. to excess stock-based compensation as a financing activity in its consolidated statements of cash flows. on the First Lien Notes. The Company records a valuation allowance against inventory based on estimates of excess, obsolete, scrap or non-conforming inventories. companys most recent Form 10-K, filed with the SEC, as updated from Sales are climbing at an annual rate of 9%. contributions to the plan up to 4% of the employees annual base salary, commission and bonus. 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 figure is about the latest fiscal year available. entered into a Stockholders Purchase Agreement (the Stockholders Agreement) by and among the stockholders of the predecessor company (collectively, the Stockholders), BBI Investors I LP and its assignees (collectively, the Buyer). The Company estimated that its excess cash flow was $4,900,000 and $1,723,000 as of December31, 2006 and 2005. generally accepted accounting principles. Thriving Together: Burt's Bees 2020 Impact Report companys strategy and acquisitions as well as future, volume, sales and The Company may be required to make additional future cash Burt's Bees peak revenue was $270.0M in 2021. December31, 2006 and 2005, related to this management agreement. 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 Social And Environmental Dedication To Be Recognized From honeycomb to production line, we explore how this beloved natural product i. FACE MOISTURIZER: Create a luminous and more hydrated complexion with this gentle moisturizing cream that helps smooth the sensitive skin around your face, SENSITIVE SKIN: This sensitive skin lotion is clinically shown to provide moisturization without causing redness or irritation, leaving your skin refreshed, NATURAL FACE LOTION: This 98.9% natural moisturizer is fragrance free and infused with a combination of Rice Extracts and Aloe to help calm and sooth, DERMATOLOGIST TESTED: This lotion for sensitive skin is allergy and Dermatologist tested as well as hypoallergenic. The Company capitalizes software development costs once the project has reached the application development stage, which includes activities such 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. As the 2006 amount is expected to be paid by Natural skincare brand Burt's Bees announced today a series of sustainability commitments, including a new goal to reach Net Zero Plastic to Nature by 2025. 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). 10/31/07, markets; look to enter new, high-potential markets, Burts Bees has a strong management team, The Best Burt's Bees Annual Report - Home Previews Burt's Bees study indicates the effectiveness of skincare routines based on natural ingredients. Show more Show less The Company was in compliance with these covenants at December31, 2006.
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