Company: NGVC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025419
Chunk: 22

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 22
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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

			60,578

			60,556

			Land improvements

			1
			–
			24

			2,459

			2,324

			Leasehold and building improvements

			1
			–
			25

			193,556

			185,045

			Fixtures and equipment

			5
			–
			7

			172,137

			167,060

			Computer hardware and software

			3
			–
			5

			32,305

			30,622

			472,661

			458,111

			Less accumulated depreciation and amortization

			(291,624
			
			)

			(279,502
			
			)

			Property and equipment, net

			$
			181,037

			178,609

14

Depreciation and amortization expense for the three and nine months ended June 30, 2025 and 2024 is summarized as follows, dollars in