Company: NGVC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025419
Chunk: 63

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 63
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			994,695

			100

			918,924

			100

4. Earnings Per Share

Basic earnings per share (EPS) is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted EPS is computed using the treasury stock method and reflects the potential dilution that could occur if the Company’s granted but unvested restricted stock units (RSUs) were to vest, resulting in the issuance of common stock that would then share in the earnings of the Company.

The following table presents the Company’s basic and diluted EPS for the three and nine months ended June 30, 2025 and 2024, dollars in thousands, except per share data:

			Three months ended
			June 30,

			Nine months ended
			June 30,

			2025

			2024

			2025

			2024

			Net income

			$
			11,605

			9,209

			34,644

			24,925

			Weighted average number of shares of common stock outstanding

			22,951,339

			22,789,057

			22,930,084

			22,766,516

			Effect of dilutive securities

			360,596

			326,299

			317,232

			285,528

			Weighted average number of shares of common stock outstanding including effect of dilutive securities

			23,311,935

			23,115,356

			23,247,316

			23,052,044

			Basic earnings per share

			$
			0.51

			0.40

			1.51

			1.09

			Diluted earnings per share

			$
			0.50

			0.40

			1.49

			1.08

There were no and 13,000 non-vested RSUs for the three months ended June 30, 2025 and 2024, respectively, and 32,096 and 27,944 non-vested RSUs for the nine months ended June 30, 2025 and 2024, respectively, excluded from the calculation of diluted EPS as they were antidilutive.

10

5. Debt