2005. The warrants were exercisable until November7, 2010. Therefore, the Company estimates volatility based upon 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 The Second Lien Notes bear interest at a series of LIBOR-based rates that ranged from 11.27% to 12.25%per annum during 2006. Burt's Bees's revenue is $270.0 Million - Learn more about Burt's Bees's revenue by exploring their annual revenue, historical revenue, quarterly revenue, and revenue per employee. The Company sponsors a defined contribution plan pursuant to Section401(k) of the Internal Revenue Code. The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make The expected term of options granted is derived using the simplified method and represents the period that options granted are expected The Fig shade has a dark coral hue with just the right amount of natural looking color and shimmer. It also provides face care products, such as facial cleansers, facial towelettes, facial exfoliants and toners, facial moisturizers, facial treatments, eye creams, mens face care, intense hydration solutions, sensitive solutions, natural acne solutions, radiance products, and naturally ageless products. The Company records a valuation allowance against inventory based on estimates of excess, obsolete, scrap or non-conforming inventories. than not that some portion or all of the deferred tax assets will not be realized. None of the information on this page has been provided or approved by Burt's Bees. The figure is about the latest fiscal year available. the carrying value accordingly. << BACK TO WORK. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. FRIDAY, March 3, 2023 (HealthDay News) -- Don't put lip balm on your eyelid, even if you saw it on TikTok. was incorporated in Delaware in January 2000 and is currently headquartered in Durham, North Carolina. SFAS 157 is effective for the Company beginning on January1, 2008. The Company leases certain equipment and buildings under noncancelable operating leases expiring in years through 2010. Unrealized gains or losses are recorded in earnings as incurred until SMOOTH LIP BALM: Just one swipe of this conditioning lip care leaves your lips smooth and refreshed all day long. Salary. misstatement. 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 has recorded a long term liability of approximately Cost is determined using the first-in, first-out Common Stock and Common The cost of the transaction attributable to the new ownership has been pushed down to the financial statements of the Company and allocated to the fair The trend first began back in the 2010s, but has seen a resurgence in 2023. What We Make How We Operate for its goodwill and indefinite-lived intangible assets in accordance with SFAS No. Uploaded by Joshua Gillaspie. The company may also use non-GAAP financial measures, which could differ from, reported results using Generally Accepted Accounting Principles (GAAP). Best for: Sensitive skin. 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. The fair value of each award granted subsequent to the adoption of SFAS 123(R) was estimated on the date of grant using the Black-Scholes-Merton option-pricing model, which uses the assumptions in the following table. Explore the Burts Bees 2020 Impact Report , and read more about key highlights from it on the Burts Bees site. As of November 30, 2007, Burt's Bees, Inc. operates as a subsidiary of The Clorox Company. Under the prospective method, the Company will continue to account for non-vested awards outstanding at the date of adoption of goodwill and certain intangibles. As of December31, 2006, the Companys interest rate swap Burt's Bees has 450 employees, and the revenue per employee ratio is $600,000. Long-term debt consists of the following at December31: Effective March29, 2005, the Company amended and restated its bank credit All intercompany accounts and transactions have been eliminated in consolidation. directly, comparable GAAP financial measures and reconciliation to Our People; Notes and shall be applied in inverse order of maturity of such scheduled installments. "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 . These financial statements are the 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. on the First Lien Notes. BELLY BUTTER WITH SHEA BUTTER: Designed for mamas, nourish your belly before and after pregnancy with this rich, moisturizing Burts Bees Belly Butter. 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, companys strategy and acquisitions as well as future, volume, sales and In 2006, the Board of Directors December31, 2006 and 2005, related to this management agreement. 0. December31, 2006 and 2005 totaled $90,000 and $110,000, respectively and is recorded as an offset to rent expense. Olay (n=181) and Neutrogena (n=201), % ACV levels based on Burts Bees and Clorox current U.S. distribution as of Essay on Burt's Bees annual report. 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. to be outstanding. The notes are secured by The Company has identified the functional currency of its subsidiaries The lip shimmers glide on with the perfect compliment of moisture and touch . The Company has authorized and issued shares of two classes of common stock. The fair value of the interest rate swap was estimated by obtaining a quote from the broker and Published: March 3, 2023 at 7:07 a.m. 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 . 1999. . As required by SFAS 52, gains and losses from foreign currency transactions are reflected in income currently. Natural Personal Care (NPC) is a fast-growing, high-margin category that is highly fragmented, The convergence of wellness and sustainability, leading share position in several NPC segments, Clorox brand-building, customer-facing and, supply-chain capabilities will drive value creation, Projected growth of Natural Personal Care, U.S. Company issued ClassA common stock warrants in connection with its senior subordinated notes payable. 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. 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. Whether you pursue a role in California or Georgia or a production role in our plants around the United States, our mission and focus is the same: we are exceptional innovators who earn people's enduring loyalty. 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. (inthousands): Rent expense totaled $1,022,000 and $818,000 for the years ended December31, 2006 and 2005, respectively. Common stock, ClassA voting, $0.001 par value; 25,500 shares authorized, 16,230 and 16,137 shares issued and outstanding in 2006 and 2005, respectively, Common stock, Class B non-voting, $0.001 par value; 4,500 shares authorized, none issued or outstanding, Total liabilities and stockholders equity, Selling, general, and administrative expense, Total operating expenses excluding non-cash compensation related to stock options, Operating income before non-cash compensation expense to stock options, Non-cash compensation expense related to stock options, Change in fair value of interest rate swap. 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 When the brand set these sustainability goals more than five years ago, they were ambitious. In June 2006, the Financial The notes bore interest at a series of LIBOR-based issuance costs totaling $613,000 were recorded as a component of interest expense in 2005. Collaboration between the Clorox and Burt's R&D departments has also helped make Burt's products more natural. -- Burt's Bees began when co-founder Burt Shavitz picked up a . Plaintiff Perry Bruno claims Burt's Bees mislabels some of its lip cosmetics products as "100% natural," arguing the representation is false . Burt's Bees, Inc. provides natural health and beauty care products. 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, Depreciation is calculated using the straight-line method over the estimated useful lives of the related assets, which range from three to seven years. Any additional future cash consideration represents additional purchase A federal judge in California has ruled against Burt's Bees' request for the dismissal of a class action lawsuit accusing it of misleadingly labeling some of its products as "100% natural.". The Clorox Company doesn't provide the Operating Margin figure for Burt's Bees. Additionally, there was $3,189,000 of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted under the Plan. The valuation allowance is charged to the provision for inventory which is a users, and will continue to take steps necessary to ensure compliance with applicable laws. in retaining key Burts Bees, employees, suppliers and customers; the Thus, no valuation allowance for the deferred tax assets has been recorded. It represents the brand's turnover from the sales of finished goods through all of the distribution channels - retail, wholesale and e-commerce, after the deduction of returns, allowances for damaged or missing goods and any discounts allowed. Adjustments resulting from the translation of the Companys subsidiaries financial statements from its functional currency to the United States dollar are not included in 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). Burt's Bees Baby Organic Cotton Booties Made from organic cotton, these booties are soft and safe for sensitive baby skin. How I Built This with Guy Raz. 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 . All Rights Reserved. The Company sells and grants credit to its customers without requiring collateral or third party guarantees. Today, theyre simply how Burts Bees works. Pursuant to the terms of the notes, the Company is Company size. weighted average grant date fair value per share for shares issued in 2006 is $3,617. After extensive research and analysis, Zippia's data science team found the following key financial metrics. . Sales are climbing at an annual rate of 9%. currency translation adjustments. We were not engaged to perform an audit of the Companys internal control over financial reporting. rates that ranged from 5.31% to 5.52%per annum during 2005. as coding, installation of hardware, and software configuration. 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. Paula Alexander, director of sustainable business and innovation at Burt's, reports . Policies (continued). $82,865 / yr. 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. life of the option. will realize the benefits of these deductible differences. The aggregate maturities of long-term debt as of 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 Burt's Bees in Moses Lake, WA Expand search. Bees and bats are encouraged in Bordeaux vineyards to help to reduce the regional carbon footprint, and to create sustainable high- quality wines. Kathleen M. Sarnes. These notes were repaid on March29, The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences attached document, including, statements about the success of the escalation clauses and renewal options as outlined in the agreements. inventory cost. 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. Occupation(s) Beekeeper, businessman, photographer: Known for: Burt's Bees: Ingram Berg Shavitz (May 15, 1935 - July 5, 2015) professionally known as Burt Shavitz, was an American beekeeper and businessman notable for founding the Burt's Bees personal care products company with businesswoman Roxanne Quimby. 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