Company: NGVC
Filing Date: 2025-12-11
Form Type: 10-K
Source: 0001437749-25-037556
Chunk: 72

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-12-11
Form: 10-K
Item: Item 1A
Chunk 72
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	3,960

			2,829

			1,360

			Deferred income tax benefit

			(2,608
			
			)

			(3,955
			)

			(1,475
			)

			Non-cash interest expense

			4

			17

			19

			Other

			7

			(160
			)

			—

			Changes in operating assets and liabilities:

			(Increase) decrease in:

			Accounts receivable, net

			(411
			)

			(1,790
			)

			315

			Income tax receivable

			(604
			)

			252

			378

			Merchandise inventory

			(12,296
			
			)

			(1,412
			
			)

			(5,504
			
			)

			Prepaid expenses and other assets

			(5,516
			
			)

			(1,069
			
			)

			(128
			
			)

			Operating lease assets

			33,592

			33,446

			33,067

			(Decrease) increase in:

			Operating lease liabilities

			(34,432
			
			)

			(34,197
			
			)

			(33,899
			
			)

			Accounts payable

			(6,086
			)

			10,039

			10,350

			Accrued expenses

			1,389

			2,783

			6,327

			Net cash provided by operating activities

			55,304

			73,760

			64,606

			Investing activities:

			Acquisition of property and equipment

			(31,201
			
			)

			(37,541
			
			)

			(36,568
			
			)

			Acquisition of other intangibles

			(178
			
			)

			(1,139
			
			)

			(1,525
			
			)

			Proceeds from sale of property and equipment

			93

			37

			107

			Proceeds from property insurance settlements

			315

			43

			36