Company: NGVC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025419
Chunk: 70

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 70
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	533

			564

			1,605

			1,724

			Financing cash flows from finance leases

			980

			947

			2,931

			2,653

			Lease assets obtained in exchange for new lease liabilities:

			Operating leases

			5,740

			3,641

			14,022

			13,073

			Finance leases

			3,135

			—

			3,135

			(45
			)

13

Additional information related to the Company’s leases as of June 30, 2025 and 2024 was as follows:

			June 30,

			2025

			2024

			Weighted-average remaining lease term (in years):

			Operating leases

			9.4

			9.8

			Finance leases

			14.0

			13.7

			Weighted-average discount rate:

			Operating leases

			4.2
			
			%

			4.0

			Finance leases

			4.9
			
			%

			4.8

During the nine months ended June 30, 2025, the Company early terminated a lease due to a store relocation, and, as a result, the Company wrote off operating lease assets and liabilities of less than $0.1 million each and recorded a gain of less than $0.1 million. During the nine months ended June 30, 2024, the Company paid $0.3 million to early terminate the operating lease associated with a closed store, and, as a result, the Company wrote off $0.4 million of operating lease assets and $0.6 million of operating lease liabilities and recorded a loss of $0.2 million. In addition, during the nine months ended June 30, 2025, the Company recorded impairment charges related to operating lease assets of $0.1 million, associated with store closures and an early store relocation, and during the three and nine months ended June 30, 2024, the Company recorded impairment charges related to operating lease assets of $0.4 million, associated with a store closure and an early store relocation, and $0.5 million, associated with store closures and an early store relocation, respectively.

Future lease payments under non-cancellable leases as of June 30,