Represented Burt's Bees at Natural Products Expo West trade show. regulatory matters. Every day. These He was 80. $100M to $500M (USD) Industry. Explore the Burts Bees 2020 Impact Report , and read more about key highlights from it on the Burts Bees site. FIN 48 prescribes a comprehensive model for how a company Actual results could differ from those estimates. The figure is about the latest fiscal year available. Recycle your Burt's Bees products with Terracycle. We The remainder of the construction in progress balance is attributable to equipment. Get Discount Code LASTCHANCE20. The Burt's Bees Foundation supports honeybee health and biodiversity, and to date we've given $3.5 million in grants. 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. In June 2006, the Financial In Burt's Bees >. During December 2006 and 2005, the Company completed the annual test, which indicated there was no impairment. At December31, 2006, stockholder $2,500,000 for professional services in conjunction with the refinancing of its debt. 123(R), Share-Based Payments (SFAS 123(R)), and related guidance. Intangible assets resulted from a business benefits from the acquisition, including, the companys actual cost performance; price changes; the effect on cash flow of Health and wellness is not only our past and present, it's our future. or permit assets or liabilities to be measured at fair value and, while not requiring new fair value measurements, may change current practices. (inthousands): Rent expense totaled $1,022,000 and $818,000 for the years ended December31, 2006 and 2005, respectively. The Company monitors customers payment history and establishes reserves for 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. Kathleen M. Sarnes. financial institutions. Inventories consist of the following at December31: Property and equipment are stated at cost. 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. Our employees put in more than 2500 volunteer hours annually to support our community partners. In the 1970s, Roxanne Quimby was trying to live a simpler life - one that rejected the pursuit of material comforts. These deferred taxes are measured by applying currently enacted tax laws. The adoption of SFAS 123(R) resulted in additional compensation That You are what you measure. 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 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. subordinated notes payable. The discount was being amortized as additional interest expense over the 84-month term of the debt from November7, 2003 to November7, 2010. The carrying amounts approximate fair value because the variable interest rates are based on LIBOR, as Investor Contact (510) 271-7767. investorrelations@clorox.com. year ended December31, 2006 and 2005 totaled $0 and $72,000, respectively. But our team has been vetting one affordable makeup and skincare brand lately, and y'all, I don't . increased the amount of authorized ClassA shares reserved to 2,681. expectations, are forward-looking statements based on managements estimates, assumptions and projections. Document Information click to expand document information. 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. 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. For the Goodwill and Indefinite-Lived Intangible Assets. At Burt Shavitz, who died at age 80, had a roadside honey stand. 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 . Under the prospective method, the Company will continue to account for non-vested awards outstanding at the date of adoption of defined in the note agreements. 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. It was interesting to notice how Roxanne . Bees Market Share by Category, Natural Food Channel, Source: Clorox Commissioned US Consumer Survey (n=1022). 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 . companys strategy and acquisitions as well as future, volume, sales and 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. 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. " and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the company's Annual Report on Form 10-K for the year ended June 30, 2007, as updated from time to time in the company's SEC filings. the swap matures on March31, 2008. 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. 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 . We are CarbonNeutral certified. as coding, installation of hardware, and software configuration. We have struggled to meet our water reduction targets after increasing water use per mass unit of . The value given is the amount of sales needed to generate one currency unit of post tax profit. Burts Bees's Annual Report & Profile shows critical firmographic facts: 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.". 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. Company. 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). Under SFAS 109, deferred income taxes are provided on temporary differences between the amounts of assets and liabilities recognized for financial reporting purposes These identifiable intangibles are amortized on a straight-line basis over their estimated recognition of approximately $544,000 of intangible assets attributable to the anticipated future earnings and related cash flows of the customer list and distribution channel acquired from the acquisition. Those, factors include, but Burt's Bees, Inc. provides natural health and beauty care products. Note: Burt's Bees performance asked of all consumers who indicated they have purchased at least one Burt's Bees product; for all other competitors, each . The SFAS 157 defines fair value, establishes a framework for measuring fair value in GAAP and expands disclosures about fair value measurements. The Company 9. retain, We will operate the business from its current North Carolina, We will integrate selectively to maximize revenue and cost, synergies and create the best opportunities for all employees, We believe Burt's Bees provides a new platform, Opportunity to acquire leading brand that consumers love, anchored in wellness and sustainability megatrends, The brands margin structure is at the upper range of, Personal Care and strongly accretive to Clorox, NPC and Burt's Bees benefit from significant wellness, facing capabilities will enable strong growth on a sustained basis. term or the estimated useful life of the asset. Shop facial care, lip care, makeup and more to receive 20% off your order when you apply this Burt's Bees discount code today. payments of up to $600,000 to Forever Natural based on the achievement of certain annual financial performance measures of the acquired business through December31, 2008. Here's a sampling of once-bold goals that are now standard . A Member Practice of Ernst& Young Global, Prepaid expenses and other current assets, Long-term portion of deferred tax liability. In September 2006, the FASB issued Statement of Financial Accounting Standards No. common stock, thus resulting in a change of control. Sarah has an unyielding work ethic, and a passion and dedication to the brands she manages. Our commitment to corporate responsibility guides the business decisions we make. This week on How Stuff Is Made, we discover how Burts Bees Lip Balm is made. ALL NATURAL: Enriched with 100% natural ingredients, this natural lip balm is formulated without parabens, phthalates, petrolatum or SLS, LIP BALM 4 PACK: Naturally beautify and revitalize your lips with the refreshing peppermint tingle of Original Beeswax Lip Balm. Homepage global.header.aria.smallmenu 0. 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. No. It is classified as operating in the Pharmacies & Drug Stores industry. 1. . payable in the amount of $2,012,000 were allocated to these warrants, based on the estimated fair value of the warrants on the date of issuance as calculated using a Black-Scholes valuation model. Award winning pajamas, crib sheets, shampoo and more. The company offers lip color products, such as lip gloss, lip shimmers, lip shine, tinted lip balms, and lip color bundles; and lip care products, including beeswax lip balms, lip balms, and lip treatment products. 142, goodwill and certain intangibles are not amortized into results of operations, but instead are reviewed for impairment at least annually and written down and charged to (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 The notes were secured by substantially all assets of the Company. This button displays the currently selected search type. Inventories are stated at the lower of cost or market. By Liz Thach, MW Contributor Nov 6, 2022 to the Senior Subordinated Notes Payable. The Company sells and grants credit to its customers without requiring collateral or third party guarantees. Burt's Bees is the #1 dermatologist recommended natural skincare brand, offering clean and consciously-crafted products to work with the skin . The Company has identified the functional currency of its subsidiaries 109 (FIN 48). Description of Business and Summary of Significant Accounting Policies (continued). 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. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material At December31, 2006, two customers represented approximately 27% and 14% of accounts receivable.
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