When expanded it provides a list of search options that will switch the search inputs to match . The Company sponsors a defined contribution plan pursuant to Section401(k) of the Internal Revenue Code. years from the date of grant. interest coverage ratios, fixed charge coverage ratios, and leverage ratios. time to time in the companys SEC filings. 157, Fair Value Measurements (SFAS 157), to provide enhanced guidance when 31 December 2020. Burt's Bees is the #1 dermatologist recommended natural skincare brand, offering clean and consciously-crafted products to work with the skin . 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, was based on a notional amount of $95,794,000 that decreases as the Company pays down the principal balance on its First Lien Notes. In accordance with SFAS No. The Company was in compliance with these covenants at December31, 2006. 130, Reporting Comprehensive Income (SFAS Canada ULC. cost is expected to be recognized over a weighted-average period of approximately 5 years. Burt's Bees >. Financial Standards No. At December31, 2006, 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. Except for historical information, matters discussed in the 1-800-227-1860 so that we can provide you access through The most The Companys existing recorded assets and liabilities were deemed to approximate at fair value at the date of investment, and the balance sheet did not change significantly between the transaction date and December31, rates that ranged from 5.31% to 5.52%per annum during 2005. Responsible for planning and execution of booth and managing attendees for past shows. The Company estimated that its excess cash flow was $4,900,000 and $1,723,000 as of December31, 2006 and 2005. As of December31, 2006, additional cash consideration of $200,000 was accrued based on the achievement of established 2006 financial Reviewed in the United States on February 1, 2023. assets of the Company, which was unused in 2006. We were not engaged to perform an audit of the Companys internal control over financial reporting. had not been placed into service as of year end. He was 80. in retaining key Burts Bees, employees, suppliers and customers; the BURTS BEES GIFT SET: These natural, moisturizing, trial size skin care products gifted in a Burts Bees tin nourish skin throughout the winter months and make the perfect holiday stocking stuffer . The profit ratio measures the amount of profit generated by each single currency unit of sales. Amortization for the year ended December31, 2005 totaled $72,000. Thats a lesson the folks at Burts Bees took to heart from the brands most recent goal period, as its 2020 Impact Report makes clear. The accumulated other comprehensive loss balance consists entirely of foreign when estimating expected forfeitures, including the employee class and historical experience. About the company. Represented Burt's Bees at Natural Products Expo West trade show. earnings growth, profitability, costs, cost savings, innovation or. It is effective for daily use and has been Awarded National Eczema Association Seal of Acceptance, BURTS BEES FACE CARE: Use this moisturizer daily as part of Burts Bees Sensitive Face Care 5 product regimen for a healthier looking complexion, naturally, 2 PACK LIP CARE: Apply Burts Bees Moisturizing Beeswax Lip Balm to nourish and hydrate your lips with a dash of peppermint, WITH PEPPERMINT OIL: Hydrate and sooth dry lips with beeswax and a dash of peppermint extract packed into every tube of Burts Bees Beeswax Lip Balm, SMOOTH LIP BALM: Just one swipe of this conditioning lip care leaves your lips smooth and refreshed all day long, ALL NATURAL: Enriched with 100% natural ingredients, this natural lip balm is formulated without parabens, phthalates, petrolatum or SLS, LIP BALM: Treat your lips to a spa retreat with this refreshing lip balm that naturally beautifies and revitalizes your lips, NIGHT CREAM: Help restore the delicate skin on your face with this nourishing Burts Bees night cream enriched with natural, anti-aging ingredients, NATURAL SKIN TREATMENT: This 98.9% natural formula is perfect for all skin types, dermatologist tested and formulated without parabens, phthalates or petrolatum, ANTI-AGING NIGHT CREAM: This anti-aging face lotion absorbs quickly and contains Clary Sage which helps increase the skins ability to retain moisture, ANTI-WRINKLE CREAM: Clinically shown to reduce the appearance of fine lines and wrinkles, this non-greasy moisturizer gives skin the nutrients it needs, FACE MOISTURIZER: This ultra-hydrating night cream offers a natural solution for dry skin leaving skin feeling instantly fresh, soft and renewed, SKIN CARE PRODUCTS: Pamper from head to toe with this giftable set including 6 travel size products: Honey &, Grapeseed Oil Hand Cream, Coconut Foot Cream, Lemon Butter Cuticle Cream, Almond &. Burt's Bees was the leading lip balm/treatment brand in the United States in 2019, generating sales of over 140 million U.S. dollars in that year. Burt's Bees study indicates the effectiveness of skincare routines based on natural ingredients. 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. The lip shimmer comes in one slim tube and is available in 14 shimmering shades. But our team has been vetting one affordable makeup and skincare brand lately, and y'all, I don't . Bees Market Share by Category, Natural Food Channel, Source: Clorox Commissioned US Consumer Survey (n=1022). Finance salaries - 3 salaries reported. Essay on Burt's Bees annual report. to be outstanding. Burt's Bees revenue is $270.0M annually. 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%. with foreign operations as the applicable local currency. defined in the note agreements. 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. December31, 2006 and 2005, related to this management agreement. impairment test would be performed if an event occurs or circumstances change between annual tests that would more likely than not reduce the fair value of a reporting unit below its carrying amount. 123(R), Share-Based Payments (SFAS 123(R)), and related guidance. in the Investors/Financial Information/SEC Filings section. value of the assets acquired and liabilities assumed with the excess recorded as goodwill, in accordance with the purchase accounting methodology set forth in Statement of Financial Accounting Standards No. useful lives, ranging from seven to ten years. respects, the consolidated financial position of Burts Bees, Inc. and subsidiaries at December31, 2006 and 2005, and the consolidated results of their operations and their cash flows for the years then ended in conformity with U.S. We have struggled to meet our water reduction targets after increasing water use per mass unit of . These deferred taxes are measured by applying currently enacted tax laws. 100% organic cotton baby clothes, bedding, bath, bodysuits, rompers, jumpsuits and the ultimate baby shower gift selection. Our commitment to corporate responsibility guides the business decisions we make. Robert F. Bukaty / AP. By Liz Thach, MW Contributor Nov 6, 2022 As of November 30, 2007, Burt's Bees, Inc. operates as a subsidiary of The Clorox Company. Our commitments to social and environmental sustainability. for its goodwill and indefinite-lived intangible assets in accordance with SFAS No. These financial statements are the Proceeds from the issuance of the notes the carrying value accordingly. Additionally, there was $3,189,000 of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted under the Plan. Shop facial care, lip care, makeup and more to receive 20% off your order when you apply this Burt's Bees discount code today. Cost is determined using the first-in, first-out 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. The figure is about the latest fiscal year available. Important factors that could cause results to The Burt's Bees Foundation supports honeybee health and biodiversity, and to date we've given $3.5 million in grants. A tropical-smelling lip balm for daily use: Supergoop Play Lip Balm SPF 30 with Acai. about one other random company from which they had purchased personal care items; Core is a weighted average of Toms (n=81), Kiss My, Face (n=28), Dr. Bronners (n=13) and Jason (n=31); Mass is a weighted average of Aveeno (15), operations only in the periods in which the recorded value of goodwill and certain intangibles exceeds its fair value. 2005. The figure is about the latest fiscal year available. The employee data is based on information from people who have self-reported their past or current employments at Burt's Bees. debt. The remainder of the construction in progress balance is attributable to equipment. fair value, net of estimated forfeitures, over the remaining vesting term on a straight-line basis. 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. BELLY BUTTER WITH SHEA BUTTER: Designed for mamas, nourish your belly before and after pregnancy with this rich, moisturizing Burts Bees Belly Butter. In 2006, $31,000 of tax benefits were reported as a financing activity. NPR's Elizabeth Blair reports that Shavitz's death resulted from . Price: $11. goodwill and certain intangibles. Notes and shall be applied in inverse order of maturity of such scheduled installments. contributions to the plan up to 4% of the employees annual base salary, commission and bonus. Notes to Consolidated Financial Statements (continued), 1. Sarah has advanced quickly in her career, and . differ materially, from managements expectations are described in the No. Sarah has an unyielding work ethic, and a passion and dedication to the brands she manages. 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 . FREE delivery Tue, Feb 28 on your first order. FIN 48 is effective for fiscal years beginning after December15, 2006. The aggregate maturities of long-term debt as of 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.