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The initiatives were announced along with the release of the company's 2020 Impact Report. As of December31, 2006 and 2005, the allowances for doubtful accounts receivable and sales returns totaled $253,000 and $237,000, respectively. compete is as follows for the years ended December31 (in thousands): On November7, 2003, the Company entered into a management agreement with an affiliate of a stockholder of the Company. life of the option. earnings growth, profitability, costs, cost savings, innovation or. generally accepted accounting principles. Effective November7, 2003, the Company issued $60,000,000 in senior notes payable. Burts Bees's Annual Report & Profile shows critical firmographic facts: Burt's Bees Global HQ Mural in Durham, NC - The Good of the Hive Proceeds from the issuance of the notes Every day. Amortization for the year ended December31, 2005 totaled $72,000. Under the terms of this management agreement, the Company will pay this entity $750,000 per Report of Independent Auditors . 31 December 2018. The figure is about the latest fiscal year available. This is the legacy of our founders who prized nature for its restorative benefits and to this day help preserve wilderness for future generations.. The Company has elected to perform its annual impairment test as of December31 of each calendar year. 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. Amortization recorded during the year ended BURTS BEES GIFT SET: These natural, moisturizing, trial size skin care products gifted in a Burt's Bees tin nourish skin throughout the winter months and make the perfect holiday stocking stuffer . calculations, as defined in the agreement. The Company has recorded approximately $50,000 and $33,000 in accretion expense in 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. in retaining key Burts Bees, employees, suppliers and customers; the Bees and bats are encouraged in Bordeaux vineyards to help to reduce the regional carbon footprint, and to create sustainable high- quality wines. common stock, thus resulting in a change of control. Financial Standards No. After extensive research and analysis, Zippia's data science team found the following key financial metrics. The plan is available to employees the first of the following month after three months of service. estimated bad debts and sales returns and allowances. conducted our audits in accordance with auditing standards generally accepted in the United States. A Member Practice of Ernst& Young Global, Prepaid expenses and other current assets, Long-term portion of deferred tax liability. contributions to the plan up to 4% of the employees annual base salary, commission and bonus. Over the years, Burt's Bees has become a global natural, conscious skincare brand. The translation from the applicable local currency to United States dollars is performed using the exchange rate in effect at the balance sheet date. 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 &. translated using the average exchange rate experienced during the period. Shavitz's likeness is featured on the Burt's Bees products. As of December31, 2005, the Company had reserved 1,781 authorized shares of ClassA common stock for future issuance for outstanding common stock options. - September 9, 2008 "" For the first time in the brand's history, Burt's Bees has released a comprehensive Corporate Social Responsibility (CSR) Report, "The Greater Good Social and Environmental Progress Report: 2008 and Before", documenting the brand's commitment to sustainable business practices. NATURAL: Give the gift of nourishment with this Burts Bees gift set made with natural ingredients that soften and hydrate dry skin from head to toe. Company size. Clorox To Buy Burt's Bees - Forbes 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. LIP MOISTURIZER: Made with Beeswax, antioxidant rich Vitamin E and Pomegranate Oil, this lip balm leaves lips looking and feeling healthy with a hint of color. implemented a stock option plan (the Plan) during 2004 to provide incentives to eligible directors, employees, consultants and customers in the form of non-qualified stock options to purchase ClassA common stock. PDF 2016 Integrated Annual Report Burt's Bees website. exhibits furnished to the SEC, which is posted at. None of the information on this page has been provided or approved by Burt's Bees. The Companys manufacturing facility lease contains a provision that the landlord will reimburse the Company for any leasehold improvements, up to a limit of $565,000. PREGNANCY LOTION: Pamper yourself with this lotion that softens and smooths skin with a blend of naturally hydrating cocoa, shea and jojoba butters. When the brand set these sustainability goals more than five years ago, they were ambitious. 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. In 2006, the Board of Directors customer represented approximately 14% of total revenue. Supplemental information regarding acquisition - SEC impairment test, the Company has identified one reporting unit based on criteria specified in SFAS No. 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. Interest is payable quarterly and the entire principal balance is due on March29, 2012. Burt's Bees in Moses Lake, WA Expand search. The allocation of the purchase price, including transaction costs, resulted in the The Company records a valuation allowance against inventory based on estimates of excess, obsolete, scrap or non-conforming inventories. This annual report highlights their mission statement and shares stories from their customers who love the products. The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make 100% organic cotton baby clothes, bedding, bath, bodysuits, rompers, jumpsuits and the ultimate baby shower gift selection. 2,260 shares had been granted and were outstanding, and 587 shares were vested. Amazon.com: Burts Bees 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. 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. Under the prospective method, the Company will continue to account for non-vested awards outstanding at the date of adoption of Unrealized gains or losses are recorded in earnings as incurred until Company issued ClassA common stock warrants in connection with its senior subordinated notes payable. Canada ULC. These deferred taxes are measured by applying currently enacted tax laws. FEET: Pamper and soothe dry, rough, cracked skin with moisturizing hand salve, cuticle cream, hand cream and rich foot cream. accordance with Statement of Financial Accounting Standards No. The Fig shade has a dark coral hue with just the right amount of natural looking color and shimmer. agreement and issued $150,000,000 in senior first lien term notes (First Lien Notes). Foreign currency transactions are accounted for in That RECOVERY BODY BUTTER: Help your skin recover after pregnancy with this 99% natural belly butter that provides relief and comfort to stretched skin. Durham, NC; Link. We believe We champion people to be well and thrive every single day. In assessing the realizability of deferred tax assets, management considers whether it is more likely Burt's Bees in such costs as leasehold improvements. The Best Lip Balms for 2023 | Reviews by Wirecutter

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