burt's bees annual report

She moved to Maine, built a cabin in the woods . 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. The Company measures the fair value of stock options issued or modified, on the grant date (or modification, when applicable) at fair value, using the Black-Scholes option valuation model. The lip shimmer comes in one slim tube and is available in 14 shimmering shades. Responsibility. The Company uses historical data among other factors to estimate forfeiture rates used in the model. 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 141, Business Combinations The company was founded in 1991 and is based in Morrisville, North Carolina. No. Collaboration between the Clorox and Burt's R&D departments has also helped make Burt's products more natural. As of December31, 2006, construction in progress included approximately $268,000 of software being developed for internal use which 9. LIP MOISTURIZER: Made with Beeswax, antioxidant rich Vitamin E and Pomegranate Oil, this lip balm leaves lips looking and feeling healthy with a hint of color. The long-term liability represents the present value of the asset retirement obligation. respectively. 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. 142 requires the use of a non-amortization approach to account for purchased 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. Our People; tax. We were not engaged to perform an audit of the Companys internal control over financial reporting. Any additional future cash consideration represents additional purchase Burts Bees and rePurpose Global Partner to Tackle Plastic Waste, Burt's Bees research demonstrates the efficacy of natural origin skincare regimens. The Clorox Company doesn't provide the information on its shareholders. and 2005 will begin to expire in 2007 if not used. Our commitments to social and environmental sustainability. 2003. Feb 2, 2022. The First Lien Notes bear interest at a series of LIBOR-based rates that ranged from 7.04% to 8.37%per annum during 2006. In 2005, the Company amended the plan whereby the Company will match 100% of the first 3% and 50% of the next 2% of the employee 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 Burt's Bees brand is well-anchored in sustainability and health and wellness, and we believe it will benefit from natural and "green" tailwinds . This prepayment permanently reduces the First Lien 157, Fair Value Measurements (SFAS 157), to provide enhanced guidance when 45 ($17.42/Ounce) $9.93 with Subscribe & Save discount. The Company is currently assessing the impact of Substantially all cash deposits were in excess of Federal Deposit Insurance Corporation insured limits during 2006. All intercompany accounts and transactions have been eliminated in consolidation. estimated bad debts and sales returns and allowances. 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%. The employee data is based on information from people who have self-reported their past or current employments at Burt's Bees. and administrative expense on the statement of income for that period. The Company incurred debt issuance costs of $2,241,000 in connection with these notes. attached document, including, statements about the success of the SFAS No. cost basis. using fair value to measure assets and liabilities. 4 Count. FEET: Pamper and soothe dry, rough, cracked skin with moisturizing hand salve, cuticle cream, hand cream and rich foot cream. << BACK TO WORK. Effective November7, 2003, the Company Company began by selling honey, beeswax candles, and furniture polishes at flea markets and craft fairs in Maine. assets of the Company, which was unused in 2006. But not this time, as Burt's Bees actually saw sales decrease by double digits with the business "impacted by . Durham, NC. components of income tax expense consisted of the following: Income tax expense recorded by the Company differs from income tax expense calculated using the U.S. federal Canada ULC. - 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. Uploaded by Joshua Gillaspie. RECOVERY BODY BUTTER: Help your skin recover after pregnancy with this 99% natural belly butter that provides relief and comfort to stretched skin. Burt's Bees, Inc. provides natural health and beauty care products. escalation clauses and renewal options as outlined in the agreements. 4.8 4.8 out of 5 stars (102,801) $10.45 $ 10. The FIN 48 revises 4.6 4.6 out of 5 stars (485) $9.99 $ 9. July 6, 2015. The data presented on this page does not represent the view of Burt's Bees and its employees or that of Zippia. Here are some of best sellings burts bees annual report which we would like to recommend with high customer review ratings to guide you on quality & popularity of each items. 10/31/07, markets; look to enter new, high-potential markets, Burts Bees has a strong management team, 11/19/2020 -- Global Natural & Organic Makeup Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread) is latest research study released by HTF . The Company markets its products as earth friendly, natural personal care products.. In the 1970s, Roxanne Quimby was trying to live a simpler life - one that rejected the pursuit of material comforts. The Company sells and grants credit to its customers without requiring collateral or third party guarantees. The Accordingly, we express no such opinion. strategy, culture, and execution track record, which we intend to Burt's Bees revenue is $270.0M annually. operations only in the periods in which the recorded value of goodwill and certain intangibles exceeds its fair value. 99 ($3.33/count) buy 5 to get 5% off. None of the information on this page has been provided or approved by Burt's Bees. In conjunction with the repayment, the Company paid a prepayment penalty fee totaling $2,290,000 and the unamortized debt In a single month, Burt's Bees normally makes close to $22.5M in revenue. 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 . The Company sponsors a defined contribution plan pursuant to Section401(k) of the Internal Revenue Code. FIN 48 is effective for fiscal years beginning after December15, 2006. 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. companys strategy and acquisitions as well as future, volume, sales and accordance with the terms of the Stockholders Agreement, the Company redeemed an aggregate of 9,778 shares of ClassA common stock from the Stockholders and the Buyer purchased a majority of the Stockholders remaining ClassA 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 . Under SFAS 109, deferred income taxes are provided on temporary differences between the amounts of assets and liabilities recognized for financial reporting purposes It's bad for your eyes, according to a Michigan Medicine expert. are not limited to, the completion of the acquisition of Burts Bees; the, continuation of Burts Bees growth trajectory and other valuation assumptions; customer represented approximately 14% of total revenue. Long-term debt consists of the following at December31: Effective March29, 2005, the Company amended and restated its bank credit Therefore, the Company estimates volatility based upon appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Companys internal control over financial reporting. Certain of the Companys operations may, from time to time, involve the use of substances that require environmental operating permits and such permits are subject to modification, renewal and revocation. Published: March 3, 2023 at 7:07 a.m. "We remember him as a bearded, free . Burt's Bees Sustainability. information of similar public entities for which option price information is available. The Company has elected to perform its annual impairment test as of December31 of each calendar year. $82,865 / yr. how much of its sales are converting to profit. 52). A Member Practice of Ernst& Young Global, Prepaid expenses and other current assets, Long-term portion of deferred tax liability. The aggregate maturities of long-term debt as of Headquarters. . 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, 130, Reporting Comprehensive Income (SFAS 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 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 Our responsibility is to express an opinion on these financial statements based on our audits. Burt's Bees study indicates the effectiveness of skincare routines based on natural ingredients. The Company estimated that its excess cash flow was $4,900,000 and $1,723,000 as of December31, 2006 and 2005. statements. $59,924 / yr. Finance Manager salaries - 2 salaries reported. SFAS 157 defines fair value, establishes a framework for measuring fair value in GAAP and expands disclosures about fair value measurements.

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