Company: NGVC
Filing Date: 2025-12-11
Form Type: 10-K
Source: 0001437749-25-037556
Chunk: 548

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-12-11
Form: 10-K
Item: Item 6
Chunk 548
---

			1
			–
			25

			192,171

			185,045

			Fixtures and equipment

			5
			–
			7

			173,491

			167,060

			Computer hardware and software

			3
			–
			5

			32,968

			30,622

			480,820

			458,111

			Less accumulated depreciation and amortization

			(298,079
			
			)

			(279,502
			
			)

			Property and equipment, net

			$
			182,741

			178,609

Total costs capitalized for qualifying construction projects of leasehold and building improvements included $0.2 million, $0.4 million and $0.5 million for the years ended September 30, 2025, 2024 and 2023, respectively, related to internal staff compensation. Depreciation expense related to capitalized internal staff compensation was $0.4 million, $0.7 million and $0.7 million for the years ended September 30, 2025, 2024 and 2023, respectively. Capitalized interest costs were $0.3 million for each of the years ended September 30, 2025, 2024 and 2023.

69

Depreciation and amortization expense for the years ended September 30, 2025, 2024 and 2023 is summarized as follows, dollars in thousands:

			Year ended September 30,

			2025

			2024

			2023

			Depreciation and amortization expense included in cost of goods sold and occupancy costs

			$
			814

			737

			1,083

			Depreciation and amortization expense included in store expenses

			28,006

			28,341

			25,770

			Depreciation and amortization expense included in administrative expenses

			2,925

			1,667

			1,607

			Depreciation and amortization expense included in pre-opening expenses

			69

			185

			446

			Total depreciation and amortization expenses

			$
			31,814

			30,930

			28,906

7. Imp