10-Q Filing

NATURAL GROCERS BY VITAMIN COTTAGE, INC. CIK: 1547459 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001104659-14-005259`
Period End Date	20131231
Filing Date	20140130
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	ngvc-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 34 Cash Flow Statement 65 Comprehensive Income 6

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Goodwill and other intangible assets, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$654.00K	USD	Point-in-time
Goodwill and other intangible assets, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$654.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.27M	USD	Point-in-time
Common stock, Authorized shares	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, Authorized shares	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	22.44M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$500.00K	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	22.44M	shares	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	22.44M	shares	Point-in-time
Short term investments - available-for-sale securities	`AvailableForSaleSecuritiesCurrent`	$1.15M	USD	Point-in-time
Short term investments - available-for-sale securities	`AvailableForSaleSecuritiesCurrent`	$1.15M	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	22.44M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.70M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.40M	USD	Point-in-time
Merchandise inventory	`RetailRelatedInventoryMerchandise`	$48.57M	USD	Point-in-time
Merchandise inventory	`RetailRelatedInventoryMerchandise`	$45.47M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.10M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$870.00K	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsLiabilitiesNetCurrent`	$1.20M	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsLiabilitiesNetCurrent`	$1.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$59.87M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$59.71M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$98.91M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$102.77M	USD	Point-in-time
Deposits and other assets	`DepositsAndOtherAssetsNoncurrent`	$189.00K	USD	Point-in-time
Deposits and other assets	`DepositsAndOtherAssetsNoncurrent`	$203.00K	USD	Point-in-time
Goodwill and other intangible assets, net of accumulated amortization of $654 and $654, respectively	`IntangibleAssetsNetIncludingGoodwill`	$900.00K	USD	Point-in-time
Goodwill and other intangible assets, net of accumulated amortization of $654 and $654, respectively	`IntangibleAssetsNetIncludingGoodwill`	$900.00K	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$39.00K	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$25.00K	USD	Point-in-time
Total other assets	`OtherAssets`	$1.13M	USD	Point-in-time
Total other assets	`OtherAssets`	$1.13M	USD	Point-in-time
Total assets	`Assets`	$159.90M	USD	Point-in-time
Total assets	`Assets`	$163.61M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$28.92M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$28.08M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$9.31M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$10.02M	USD	Point-in-time
Capital and financing lease obligations, current portion	`CapitalAndFinancingLeaseObligationsCurrent`	$174.00K	USD	Point-in-time
Capital and financing lease obligations, current portion	`CapitalAndFinancingLeaseObligationsCurrent`	$189.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$38.29M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$38.40M	USD	Point-in-time
Capital and financing lease obligations, net of current portion	`CapitalAndFinancingLeaseObligationsNonCurrent`	$19.61M	USD	Point-in-time
Capital and financing lease obligations, net of current portion	`CapitalAndFinancingLeaseObligationsNonCurrent`	$19.65M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$6.88M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$7.17M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$5.03M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$4.73M	USD	Point-in-time
Leasehold incentives	`IncentiveFromLessor`	$5.72M	USD	Point-in-time
Leasehold incentives	`IncentiveFromLessor`	$5.90M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$36.97M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$37.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$76.02M	USD	Point-in-time
Total liabilities	`Liabilities`	$75.37M	USD	Point-in-time
Commitments (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value. Authorized 50,000,000 shares, 22,442,389 and 22,441,253 issued and outstanding, respectively	`CommonStockValue`	$22.00K	USD	Point-in-time
Common stock, $0.001 par value. Authorized 50,000,000 shares, 22,442,389 and 22,441,253 issued and outstanding, respectively	`CommonStockValue`	$22.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$53.70M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$53.84M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$30.81M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$33.73M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$84.53M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$87.59M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$159.90M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$163.61M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$95.83M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$120.58M	USD	1 Quarter
Cost of goods sold and occupancy costs	`CostOfGoodsSoldAndOccupancyCosts`	$67.99M	USD	1 Quarter
Cost of goods sold and occupancy costs	`CostOfGoodsSoldAndOccupancyCosts`	$85.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$27.84M	USD	1 Quarter
Gross profit	`GrossProfit`	$35.38M	USD	1 Quarter
Store expenses	`StoreExpenses`	$20.20M	USD	1 Quarter
Store expenses	`StoreExpenses`	$25.17M	USD	1 Quarter
Administrative expenses	`GeneralAndAdministrativeExpense`	$3.33M	USD	1 Quarter
Administrative expenses	`GeneralAndAdministrativeExpense`	$3.89M	USD	1 Quarter
Pre-opening and relocation expenses	`PreOpeningCostsAndRelocationExpenses`	$519.00K	USD	1 Quarter
Pre-opening and relocation expenses	`PreOpeningCostsAndRelocationExpenses`	$889.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$5.43M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$3.79M	USD	1 Quarter
Interest expense	`InterestExpense`	$707.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$255.00K	USD	1 Quarter
Other income, net	`OtherOperatingIncomeExpenseNet`	$1.00K	USD	1 Quarter
Other income, net	`OtherOperatingIncomeExpenseNet`	$2.00K	USD	1 Quarter
Total other expense	`OtherNonoperatingExpense`	$706.00K	USD	1 Quarter
Total other expense	`OtherNonoperatingExpense`	$253.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.54M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.72M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.31M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.80M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.92M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.22M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.37M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.44M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.47M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.46M	shares	1 Quarter

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.92M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.22M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.99M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.94M	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$17.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$130.00K	USD	1 Quarter
Excess tax benefit from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$7.00K	USD	1 Quarter
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-636.00K	USD	1 Quarter
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$215.00K	USD	1 Quarter
Non-cash interest expense	`AmortizationOfFinancingCosts`	$22.00K	USD	1 Quarter
Non-cash interest expense	`AmortizationOfFinancingCosts`	$7.00K	USD	1 Quarter
Interest accrued on investments and amortization of premium	`InvestmentIncomeNet`	$1.00K	USD	1 Quarter
Interest accrued on investments and amortization of premium	`InvestmentIncomeNet`	$-1.00K	USD	1 Quarter
Other amortization	`AmortizationOfAboveAndBelowMarketLeases`	$17.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$245.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-703.00K	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-575.00K	USD	1 Quarter
Merchandise inventory	`IncreaseDecreaseInInventories`	$856.00K	USD	1 Quarter
Merchandise inventory	`IncreaseDecreaseInInventories`	$3.10M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$334.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$34.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-961.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-3.01M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$734.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.68M	USD	1 Quarter
Deferred rent and leasehold incentives	`IncreaseDecreaseInDeferredRentAndLeaseholdIncentives`	$174.00K	USD	1 Quarter
Deferred rent and leasehold incentives	`IncreaseDecreaseInDeferredRentAndLeaseholdIncentives`	$489.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.34M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$5.31M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.82M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.68M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00K	USD	1 Quarter
Purchase of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	-	USD	1 Quarter
Purchase of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	$181.00K	USD	1 Quarter
Decrease in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-500.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-9.01M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.18M	USD	1 Quarter
Repayments under notes payable, related party	`RepaymentsOfRelatedPartyDebt`	$64.00K	USD	1 Quarter
Capital and financing lease obligations payments	`RepaymentsOfLongTermCapitalAndFinancingLeaseObligations`	$43.00K	USD	1 Quarter
Capital and financing lease obligations payments	`RepaymentsOfLongTermCapitalAndFinancingLeaseObligations`	$6.00K	USD	1 Quarter
Excess tax benefit from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$7.00K	USD	1 Quarter
Equity issuance costs	`PaymentsOfStockIssuanceCosts`	$268.00K	USD	1 Quarter
Loan fees paid	`PaymentsOfLoanCosts`	$18.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-36.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-356.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-7.02M	USD	1 Quarter
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-1.91M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.29M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.13M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.22M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.27M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.29M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.13M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.22M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.27M	USD	Point-in-time
Cash paid for interest	`PaymentsForInterestExcludingInterestPaidOnCapitalLeaseFinanceObligationsAndCapitalLeaseObligationsNet`	$3.00K	USD	1 Quarter
Cash paid for interest on capital and financing lease obligations	`PaymentsForInterestOnCapitalLeaseFinanceObligationsAndCapitalLeaseObligations`	$229.00K	USD	1 Quarter
Cash paid for interest on capital and financing lease obligations	`PaymentsForInterestOnCapitalLeaseFinanceObligationsAndCapitalLeaseObligations`	$693.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$101.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$22.00K	USD	1 Quarter
Acquisition of property and equipment not yet paid	`CapitalExpendituresIncurredButNotYetPaid`	$3.65M	USD	1 Quarter
Acquisition of property and equipment not yet paid	`CapitalExpendituresIncurredButNotYetPaid`	$2.18M	USD	1 Quarter
Property acquired through capital and financing lease obligations	`PropertyAcquiredThroughCapitalLeaseAndCapitalFinancingLeaseObligations`	$10.32M	USD	1 Quarter
Property acquired through capital and financing lease obligations	`PropertyAcquiredThroughCapitalLeaseAndCapitalFinancingLeaseObligations`	$14.00K	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.92M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.22M	USD	1 Quarter
Unrealized gain on available-for-sale securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.92M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.22M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.