The valuation allowance is charged to the provision for inventory which is a conducted our audits in accordance with auditing standards generally accepted in the United States. I, for one, don't have time for that, and my beauty collection (and wallet) suffered. 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. The following methods and Burt's Bees lip balm targeted over 'all natural' label, The Clorox Company Signs 47-Megawatt Virtual Power Purchase Agreement, The Clorox Company today announced the launch of a new initiative to advance environmental justice. Today, they're simply how Burt's Bees works. But our team has been vetting one affordable makeup and skincare brand lately, and y'all, I don't . Or perhaps you need help to leverage your brand's power to deliver real business impact? The Company In conjunction with the amendment, the Company agreed to return a portion of the facility back to its original use at the end of the lease term, May31, 2010. The brand is focused on two areas where it wants to have an even bigger impact in coming years: reducing waste and energy and having a positive impact on its sourcing communities around the world. The lip shimmer comes in one slim tube and is available in 14 shimmering shades. earnings growth, profitability, costs, cost savings, innovation or. The accompanying consolidated financial statements include the accounts of Burts Bees, Inc., and its wholly owned subsidiaries including Burts Bees International Holdings Inc., the wholly owned parent company of Burts Bees translated using the average exchange rate experienced during the period. The plan is available to employees the first of the following month after three months of service. 8 pages. Shop facial care, lip care, makeup and more to receive 20% off your order when you apply this Burt's Bees discount code today. Burt's Bees makes $739,726 in a day. 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. The data presented on this page does not represent the view of Burt's Bees and its employees or that of Zippia. Star rating: 4.8/5 Potential allergens: Glycerin Active ingredients: Cotton extract. The Company leases certain equipment and buildings under noncancelable operating leases expiring in years through 2010. Available in: Lip Care and Lip Care with Colour, Mama Bee, Baby Bee, Hand and Body Care. Our commitments to social and environmental sustainability. on our website or on our other electronic platforms, please call us at Income taxes are accounted for pursuant to Statement of Audited Consolidated Financial Statements, For the Years Ended December31, 2006 and 2005, Consolidated Statements of Stockholders Equity, Notes to the Consolidated Financial Statements. As discussed in Note 8, the The First Lien Notes are secured by The figure is about the latest fiscal year available. statutory rate due primarily to certain eligible tax deductions taken by the Company, adjustments of prior accruals in the current period, and non-deductible items and state income taxes, net of the related federal benefit. to be outstanding. Responsibility. benefits from the acquisition, including, the companys actual cost performance; price changes; the effect on cash flow of FIN 48 revises Document Information click to expand document information. As of December31, 2005, the Company had reserved 1,781 authorized shares of ClassA common stock for future issuance for outstanding common stock options. and such amounts recognized for income tax purposes. From a beekeeper's backyard in Maine to the leading edge of natural, Burt's Bees knows natural body care solutions from head-to-toe and operates with The Greater Good top of mind. $217,000 and $206,000 as of December31, 2006 and 2005, respectively. Show more Show less price and will increase the amount of recorded intangible assets when the contingencies are resolved. financial institutions. Burt's Bees Lip Balm, Moisturizing Lip Care Valentine's Gift for Men & Women, 100% Natural, Original Beeswax with Vitamin E & Peppermint Oil 0.15OZ 4.25g 2 Tubes No reviews 780 780 1,200 1,200 (35% off) Foreign currency transactions are accounted for in 142. Description of Business and Summary of Significant Accounting Burt Shavitz poses on his property in Parkman, Maine on May 23, 2014. Natural and organic cosmetics . As of December31, 2006, construction in progress included approximately $268,000 of software being developed for internal use which In our opinion, the financial statements referred to above present fairly, in all material calculations, as defined in the agreement. The Company markets its products as earth friendly, natural personal care products.. << BACK TO WORK. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. Also known as ROS - Return on Sales, it measures the percentage of sales revenue that gets 'returned' to the company as net profits after all the related costs of the activity are deducted. debt. increased the amount of authorized ClassA shares reserved to 2,681. The increase in earnings before . Goodwill and Indefinite-Lived Intangible Assets. non-GAAP financial measures, are set forth in the Form 10-K and its Company profile page for Burt's Bees Inc including stock price, company news, press releases, executives, board members, and contact information 109, Accounting for Income Taxes (SFAS 109). 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. Burts Bees Lip Shimmer keeps your lips hydrated with slightly more than a hint of color. 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. 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 The aggregate maturities of long-term debt as of This week on How Stuff Is Made, we discover how Burts Bees Lip Balm is made. 2005. Founded. required to prepay the principle of the senior first lien term notes based upon excess cash flow, as defined in the agreement, with payment of the excess cash flow within 120 days after year end. $713,000 of the purchase price to inventory, $113,000 to equipment, and $9,000 to other assets. The translation from the applicable local currency to United States dollars is performed using the exchange rate in effect at the balance sheet date. Comprehensive income encompasses all changes in stockholders equity (except those arising from transactions with stockholders) Common Stock and Common Burt's Bees peak revenue was $270.0M in 2021. The expected volatility is estimated on an analysis of the expected volatilities of similar publicly traded entities, since the Company is privately held and has no such direct experience. Reviewed in the United States on February 1, 2023. It's a key measure of success. Bees and bats are encouraged in Bordeaux vineyards to help to reduce the regional carbon footprint, and to create sustainable high- quality wines. NATURAL SKIN CARE: This lotion for moms to be is non-irritating and 99% natural formulated without phthalates, parabens, petrolatum, or SLS. Paula Alexander, Burt's Bees Senior Director of Sustainability, said: "Our focus has long been centered on [] 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 For purposes of performing the goodwill rights and Class B common stock is non-voting. 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 . 141, Business Combinations disclosure requirements and introduces a prescriptive, annual, tabular rollforward of the unrecognized tax benefits. defined in the note agreements. When the brand set these sustainability goals more than five years ago, they were ambitious. Note: Revenues for privately held companies are statistical evaluations. 5.0 out of 5 stars Perfect for sensitive skin. 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. 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. You had to clip coupons, scour the web for deals, and wait around for annual sales to pick up new things or old favorites. In assessing the realizability of deferred tax assets, management considers whether it is more likely 2023 The Clorox Company. About Burt's Bees . When expanded it provides a list of search options that will switch the search inputs to match . These factors include, but are not limited to, the completion of the . income for that period. It is classified as operating in the Pharmacies & Drug Stores industry. The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. About the company. 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 . Get Discount Code LASTCHANCE20. That The Clorox Company. Recycle your Burt's Bees products with Terracycle. Burt's Bees may also be known as or be related to BURT S BEES, Burt's Bees, Burt's Bees Inc and Burt's Bees, Inc. Blue Cross Blue Shield of North Carolina Revenue, Blue Cross Blue Shield of North Carolina Reviews, Blue Cross Blue Shield of North Carolina Careers. Archived Annual Reports. 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. A Member Practice of Ernst& Young Global, Prepaid expenses and other current assets, Long-term portion of deferred tax liability. 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.". interest coverage ratios, fixed charge coverage ratios, and leverage ratios. Burt's Bees in Moses Lake, WA Expand search. strategy, culture, and execution track record, which we intend to 142). The carrying amounts approximate fair value because the variable interest rates are based on LIBOR, as defined in the note agreements. Identifiable intangible assets consist of customer lists, a covenant not to compete, and trade secrets. Price: $11. than not that some portion or all of the deferred tax assets will not be realized.