Company: NGVC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025419
Chunk: 71

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 71
---
2025 were as follows, dollars in thousands:

			Fiscal year 

			Operating 

			leases

			Finance 

			leases

			Total

			Remainder of 2025

			$
			11,930

			1,515

			13,445

			2026

			47,172

			6,289

			53,461

			2027

			46,000

			6,364

			52,364

			2028

			43,322

			5,279

			48,601

			2029

			39,000

			4,131

			43,131

			Thereafter

			162,650

			42,419

			205,069

			Total future undiscounted lease payments

			350,074

			65,997

			416,071

			Less imputed interest

			(62,922
			
			)

			(18,616
			
			)

			(81,538
			
			)

			Total reported lease liability

			287,152

			47,381

			334,533

			Less current portion

			(36,428
			
			)

			(4,128
			
			)

			(40,556
			
			)

			Noncurrent lease liability

			$
			250,724

			43,253

			293,977

The table above excludes $15.4 million of legally binding minimum lease payments for leases that had been executed as of June 30, 2025 but whose terms had not yet commenced.

8. Property and Equipment

The Company had the following property and equipment balances as of June 30, 2025 and September 30, 2024, dollars in thousands:

			As of

			Useful lives
			(in years)

			June 30,

			2025

			September 30,

			2024

			Construction in process

			n/a

			$
			1,384

			5,758

			Land

			n/a

			10,242

			6,746

			Buildings

			16
			–
			40

			60