Company: NGVC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025419
Chunk: 69

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 69
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,976

			33,201

			33,012

			Store expenses

			115

			115

			346

			346

			Administrative expenses

			98

			98

			295

			295

			Pre-opening expenses

			17

			54

			226

			191

			Finance lease cost:

			Depreciation of lease assets

			Store expenses

			1,078

			1,029

			3,234

			3,066

			Pre-opening expenses

			10

			50

			10

			169

			Interest on lease liabilities

			Interest expense, net

			533

			503

			1,605

			1,519

			Pre-opening expenses

			—

			61

			—

			206

			Short-term lease cost

			Store expenses

			853

			791

			2,514

			2,450

			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