Company: NGVC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025419
Chunk: 56

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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 tax benefit

			(2,444
			
			)

			(2,519
			)

			Non-cash interest expense

			3

			14

			Other

			3

			(160
			)

			Changes in operating assets and liabilities:

			(Increase) decrease in:

			Accounts receivable, net

			(1,055
			)

			1,318

			Merchandise inventory

			(3,954
			)

			1,923

			Prepaid expenses and other assets

			(5,232
			)

			(1,009
			)

			Income tax receivable

			—

			252

			Operating lease assets

			25,221

			25,005

			(Decrease) increase in:

			Operating lease liabilities

			(25,565
			
			)

			(25,386
			
			)

			Accounts payable

			(4,520
			)

			2,023

			Accrued expenses

			(4,366
			)

			(2,404
			)

			Net cash provided by operating activities

			39,677

			49,280

			Investing activities:

			Acquisition of property and equipment 

			(23,124
			
			)

			(31,016
			
			)

			Acquisition of other intangibles

			(167
			
			)

			(839
			
			)

			Proceeds from sale of property and equipment

			44

			3

			Proceeds from property insurance settlements

			305

			44

			Net cash used in investing activities

			(22,942
			
			)

			(31,808
			
			)

			Financing activities:

			Borrowings under revolving loans

			486,200

			455,300

			Repayments under revolving loans

			(486,200
			
			)

			(438,700
			
			)

			Repayments under term loan

			—

			(6,000
			)

			Finance lease obligation payments

			(2,931
			
			)

			(2,653
			
			)