Company: NGVC
Filing Date: 2025-12-11
Form Type: 10-K
Source: 0001437749-25-037556
Chunk: 557

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-12-11
Form: 10-K
Item: Item 6
Chunk 557
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 million and $0.2 million in lease termination costs, respectively, to early terminate the leases associated with stores that closed in prior fiscal years, and, as a result, the Company wrote off $0.4 million and $0.1 million in operating lease assets and $0.6 million and $0.2 million in operating lease liabilities and recorded losses of $0.2 million and $0.1 million during the years ended September 30, 2024 and 2023, respectively.

In addition, during the year ended September 30, 2025, the Company purchased a store’s previously leased land and building. This resulted in reductions of $0.2 million and $1.0 million in operating and finance lease liabilities with the offset to their related lease assets, respectively, and the reclassification of less than $(0.1) million and $(0.1) million of operating and finance lease assets, as adjusted by the reduction of their related lease liabilities, respectively, to property and equipment.

74

Future lease payments under non-cancellable leases as of September 30, 2025 were as follows, dollars in thousands:

			Fiscal year 

			Operating 

			leases

			Finance 

			leases

			Total

			2026

			$
			47,430

			6,270

			53,700

			2027

			46,509

			6,508

			53,017

			2028

			43,831

			5,421

			49,252

			2029

			39,508

			4,273

			43,781

			2030

			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,