Company: NGVC
Filing Date: 2025-12-11
Form Type: 10-K
Source: 0001437749-25-037556
Chunk: 663

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-12-11
Form: 10-K
Item: Item 8
Chunk 663
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0

			34,804

			4,290

			39,094

			Thereafter

			132,296

			45,304

			177,600

			Total future undiscounted lease payments

			344,378

			72,066

			416,444

			Less imputed interest

			(62,080
			
			)

			(22,345
			
			)

			(84,425
			
			)

			Total reported lease liability

			282,298

			49,721

			332,019

			Less current portion

			(36,495
			
			)

			(4,061
			
			)

			(40,556
			
			)

			Noncurrent lease liability

			$
			245,803

			45,660

			291,463

The table above excludes $12.8 million of legally binding minimum lease payments for leases that had been executed as of September 30, 2025 but whose terms had not yet commenced.

Future minimum rental commitments and sublease rental income under the terms of the Company’s operating and finance leases were as follows as of September 30, 2025, dollars in thousands:

			Fiscal year 

			Third
			parties

			Related
			parties

			Sublease 

			rental 

			income

			Total
			leases

			2026

			$
			52,483

			1,217

			(462
			)

			53,238

			2027

			51,851

			1,166

			(362
			
			)

			52,655

			2028

			48,074

			1,178

			(258
			
			)

			48,994

			2029

			42,591

			1,190

			(222
			)

			43,559

			2030

			37,900

			1,194

			(114
			)

			38,980

			Thereafter

			169,753

			7,847

			(14
			
			)

			177,586

			Total payments

			$