Company: NGVC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015486
Chunk: 71

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 71
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 expenses, respectively.

Additional information related to the Company’s leases for the three and six months ended March 31, 2025 and 2024 were as follows, dollars in thousands:

			Three months ended

			Six months ended

			March 31,

			March 31,

			2025

			2024

			2025

			2024

			Cash paid for amounts included in the measurement of lease liabilities:

			Operating cash flows from operating leases

			$
			11,406

			11,327

			22,882

			22,707

			Operating cash flows from finance leases

			530

			575

			1,072

			1,160

			Financing cash flows from finance leases

			982

			891

			1,951

			1,706

			Lease assets obtained in exchange for new lease liabilities:

			Operating leases

			6,670

			4,752

			8,282

			9,432

			Finance leases

			—

			7

			—

			(45
			)

13

Additional information related to the Company’s leases as of March 31, 2025 and 2024 was as follows:

			March 31,

			2025

			2024

			Weighted-average remaining lease term (in years):

			Operating leases

			9.5

			9.9

			Finance leases

			13.3

			13.9

			Weighted-average discount rate:

			Operating leases

			4.1
			
			%

			3.9

			Finance leases

			4.8
			
			%

			4.8

During the six months ended March 31, 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 three and six months ended March 31, 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