Company: NGVC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025419
Chunk: 20

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 20
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			Variable lease cost

			Cost of goods sold and occupancy costs(1)

			1,887

			1,807

			5,412

			5,065

			Sublease income

			Store expenses

			(80
			)

			(84
			)

			(300
			)

			(190
			)

			Total lease cost

			$
			15,654

			15,400

			46,543

			46,129

(1) Immaterial balances related to corporate headquarters and distribution center are included in administrative expenses and store expenses, respectively.

Additional information related to the Company’s leases for the three and nine months ended June 30, 2025 and 2024 were as follows, dollars in thousands:

			Three months ended

			Nine months ended

			June 30,

			June 30,

			2025

			2024

			2025

			2024

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

			Operating cash flows from operating leases

			$
			11,529

			11,518

			34,411

			34,225

			Operating cash flows from finance leases

			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
			
			%