Company: NGVC
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001437749-25-003026
Chunk: 19

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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	36,549

			3,905

			40,454

			Thereafter

			155,382

			37,026

			192,408

			Total future undiscounted lease payments

			357,023

			62,755

			419,778

			Less imputed interest

			(64,998
			
			)

			(16,548
			
			)

			(81,546
			
			)

			Total reported lease liability

			292,025

			46,207

			338,232

			Less current portion

			(35,974
			
			)

			(4,012
			
			)

			(39,986
			
			)

			Noncurrent lease liability

			$
			256,051

			42,195

			298,246

The table above excludes $5.9 million of legally binding minimum lease payments for leases that had been executed as of December 31, 2024 but whose terms had not yet commenced.

8. Property and Equipment

The Company had the following property and equipment balances as of December 31, 2024 and September 30, 2024, dollars in thousands:

			As of

			Useful lives
			(in years)

			December 31,

			2024

			September 30,

			2024

			Construction in process

			 n/a

			$
			7,118

			5,758

			Land

			 n/a

			6,746

			6,746

			Buildings

			16
			-
			40

			60,578

			60,556

			Land improvements

			1
			-
			24

			2,399

			2,324

			Leasehold and building improvements

			1
			-
			25

			186,315

			185,045

			Fixtures and equipment

			5
			-
			7

			168,237

			167,060

			Computer hardware and software

			3
			-
			5

			31,345

			30,622

			462,738

			458,111