10-Q Filing

TEAVANA HOLDINGS INC CIK: 1314592 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-268214`
Period End Date	20120430
Filing Date	20120612
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	tea-20120429.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 31 Cash Flow Statement 54 Stockholders Equity 10

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.74M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.90M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	38.47M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.82M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	38.28M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	38.47M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$4.00M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$4.30M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	38.28M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$659.00K	USD	Point-in-time
Inventory	`InventoryNet`	$25.68M	USD	Point-in-time
Inventory	`InventoryNet`	$23.04M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.17M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.17M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$50.21M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$49.66M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$47.63M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$42.78M	USD	Point-in-time
Goodwill	`Goodwill`	$2.39M	USD	Point-in-time
Goodwill	`Goodwill`	$2.39M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$775.00K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$634.00K	USD	Point-in-time
Total assets	`Assets`	$95.62M	USD	Point-in-time
Total assets	`Assets`	$100.87M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.14M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.82M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$6.85M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$5.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.57M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.09M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$14.19M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$12.90M	USD	Point-in-time
Deferred tax liability, non-current	`DeferredTaxLiabilitiesNoncurrent`	$2.57M	USD	Point-in-time
Deferred tax liability, non-current	`DeferredTaxLiabilitiesNoncurrent`	$2.60M	USD	Point-in-time
Other long-term liabilities	`OtherLongTermDebtNoncurrent`	$616.00K	USD	Point-in-time
Other long-term liabilities	`OtherLongTermDebtNoncurrent`	$575.00K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$17.41M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$16.05M	USD	Point-in-time
Total liabilities	`Liabilities`	$28.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$28.50M	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.00003 par value; 100,000,000 shares authorized as of April 29, 2012 and January 29, 2012; 38,468,325 shares and 38,281,836 shares issued and outstanding as of April 29, 2012 and January 29, 2012, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock, $.00003 par value; 100,000,000 shares authorized as of April 29, 2012 and January 29, 2012; 38,468,325 shares and 38,281,836 shares issued and outstanding as of April 29, 2012 and January 29, 2012, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$276.78M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$278.62M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-209.79M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-206.29M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossGross`	$11.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossGross`	$37.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$72.37M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$67.00M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$100.87M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$95.62M	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$34.94M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$44.32M	USD	1 Quarter
Cost of goods sold (exclusive of depreciation shown separately below)	`CostOfGoodsSold`	$12.45M	USD	1 Quarter
Cost of goods sold (exclusive of depreciation shown separately below)	`CostOfGoodsSold`	$15.89M	USD	1 Quarter
Gross profit	`GrossProfit`	$22.49M	USD	1 Quarter
Gross profit	`GrossProfit`	$28.42M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$20.79M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$14.76M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$1.27M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$1.78M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$5.86M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$6.46M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$72.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$689.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.77M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.79M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.29M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.44M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.32M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.50M	USD	1 Quarter
Net gain on foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentPeriodIncreaseDecrease`	$26.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.53M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.32M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.75M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.31M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.09M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.73M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.32M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.50M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$1.27M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$1.78M	USD	1 Quarter
Non-cash interest expense	`PaidInKindInterest`	$22.00K	USD	1 Quarter
Non-cash interest expense	`PaidInKindInterest`	$633.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$263.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$37.00K	USD	1 Quarter
Excess tax benefit from stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.34M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$107.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-140.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$81.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$664.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-2.64M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$1.36M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$873.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-483.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-2.70M	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInDeferredRent`	$1.29M	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInDeferredRent`	$1.42M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-884.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.55M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.89M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.14M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.23M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.06M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.23M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.06M	USD	1 Quarter
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$35.51M	USD	1 Quarter
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$46.38M	USD	1 Quarter
Payments on revolving credit facility	`RepaymentsOfLinesOfCredit`	$46.38M	USD	1 Quarter
Payments on revolving credit facility	`RepaymentsOfLinesOfCredit`	$35.51M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$242.00K	USD	1 Quarter
Excess tax benefit from stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.34M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-15.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-247.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-247.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.56M	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents:	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.16M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.22M	USD	1 Quarter
Cash and cash equivalents, beginning of fiscal period	`CashAndCashEquivalentsAtCarryingValue`	$20.04M	USD	Point-in-time
Cash and cash equivalents, beginning of fiscal period	`CashAndCashEquivalentsAtCarryingValue`	$3.74M	USD	Point-in-time
Cash and cash equivalents, beginning of fiscal period	`CashAndCashEquivalentsAtCarryingValue`	$7.90M	USD	Point-in-time
Cash and cash equivalents, beginning of fiscal period	`CashAndCashEquivalentsAtCarryingValue`	$17.82M	USD	Point-in-time
Cash and cash equivalents, end of fiscal period	`CashAndCashEquivalentsAtCarryingValue`	$20.04M	USD	Point-in-time
Cash and cash equivalents, end of fiscal period	`CashAndCashEquivalentsAtCarryingValue`	$3.74M	USD	Point-in-time
Cash and cash equivalents, end of fiscal period	`CashAndCashEquivalentsAtCarryingValue`	$7.90M	USD	Point-in-time
Cash and cash equivalents, end of fiscal period	`CashAndCashEquivalentsAtCarryingValue`	$17.82M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$56.00K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$50.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	$3.53M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	$5.13M	USD	1 Quarter
Non-cash change in fair value of Class B redeemable common stock	`NonCashChangeInFairValueOfClassBRedeemableCommonStock`	$5.85M	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$72.37M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$67.00M	USD	Point-in-time
Net income	`NetIncomeLoss`	$3.32M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.50M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentPeriodIncreaseDecrease`	$26.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$263.00K	USD	1 Quarter
Stock issued for stock option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	$242.00K	USD	1 Quarter
Excess tax benefit from stock option exercises	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$1.34M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$72.37M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$67.00M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.