Company: NGVC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015486
Chunk: 73

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 73
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 had the following property and equipment balances as of March 31, 2025 and September 30, 2024, dollars in thousands:

			As of

			Useful lives
			(in years)

			March 31,

			2025

			September 30,

			2024

			Construction in process

			n/a

			$
			892

			5,758

			Land

			n/a

			6,746

			6,746

			Buildings

			16
			–
			40

			60,578

			60,556

			Land improvements

			1
			–
			24

			2,424

			2,324

			Leasehold and building improvements

			1
			–
			25

			192,663

			185,045

			Fixtures and equipment

			5
			–
			7

			171,022

			167,060

			Computer hardware and software

			3
			–
			5

			31,749

			30,622

			466,074

			458,111

			Less accumulated depreciation and amortization

			(285,227
			
			)

			(279,502
			
			)

			Property and equipment, net

			$
			180,847

			178,609

14

Depreciation and amortization expense for the three and six months ended March 31, 2025 and 2024 is summarized as follows, dollars in thousands:

			Three months ended
			March 31,

			Six months ended
			March 31,

			2025

			2024

			2025

			2024

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

			$
			200

			216

			396

			357

			Depreciation and amortization expense included in store expenses

			6,842

			6,994

			14,178

			13,839

			Depreciation and amortization expense included in administrative expenses

			846

			443

			1,264