10-Q Filing

NATURAL GROCERS BY VITAMIN COTTAGE, INC. CIK: 1547459 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001437749-15-001456`
Period End Date	20141231
Filing Date	20150129
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	ngvc-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 33 Cash Flow Statement 62

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
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`	$5.11M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.85M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.13M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.65M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.15M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	22.49M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	22.49M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	22.49M	shares	Point-in-time
Merchandise inventory	`RetailRelatedInventoryMerchandise`	$61.81M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	22.49M	shares	Point-in-time
Merchandise inventory	`RetailRelatedInventoryMerchandise`	$58.38M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$641.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$967.00K	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsLiabilitiesNetCurrent`	$729.00K	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsLiabilitiesNetCurrent`	$832.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$67.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$67.01M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$126.93M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$120.22M	USD	Point-in-time
Deposits and other assets	`DepositsAndOtherAssetsNoncurrent`	$712.00K	USD	Point-in-time
Deposits and other assets	`DepositsAndOtherAssetsNoncurrent`	$716.00K	USD	Point-in-time
Goodwill and other intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$900.00K	USD	Point-in-time
Goodwill and other intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$5.79M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$36.00K	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$32.00K	USD	Point-in-time
Total other assets	`OtherAssets`	$6.54M	USD	Point-in-time
Total other assets	`OtherAssets`	$1.65M	USD	Point-in-time
Total assets	`Assets`	$200.48M	USD	Point-in-time
Total assets	`Assets`	$188.99M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$33.84M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$36.19M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$15.82M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$14.54M	USD	Point-in-time
Revolving credit facility	`LinesOfCreditCurrent`	$3.08M	USD	Point-in-time
Contingent consideration for acquisition	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$536.00K	USD	Point-in-time
Capital and financing lease obligations, current portion	`CapitalAndFinancingLeaseObligationsCurrent`	$229.00K	USD	Point-in-time
Capital and financing lease obligations, current portion	`CapitalAndFinancingLeaseObligationsCurrent`	$279.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$54.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$49.89M	USD	Point-in-time
Capital and financing lease obligations, net of current portion	`CapitalAndFinancingLeaseObligationsNonCurrent`	$25.01M	USD	Point-in-time
Capital and financing lease obligations, net of current portion	`CapitalAndFinancingLeaseObligationsNonCurrent`	$21.75M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$4.74M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$5.41M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$5.97M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$5.84M	USD	Point-in-time
Leasehold incentives	`IncentiveFromLessor`	$7.56M	USD	Point-in-time
Leasehold incentives	`IncentiveFromLessor`	$7.25M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$43.28M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$40.24M	USD	Point-in-time
Total liabilities	`Liabilities`	$90.13M	USD	Point-in-time
Total liabilities	`Liabilities`	$97.90M	USD	Point-in-time
Commitments (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value. Authorized 50,000,000 shares, 22,487,600 and 22,485,488 issued and outstanding, respectively	`CommonStockValue`	$22.00K	USD	Point-in-time
Common stock, $0.001 par value. Authorized 50,000,000 shares, 22,487,600 and 22,485,488 issued and outstanding, respectively	`CommonStockValue`	$22.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$54.55M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$54.71M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$47.84M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$44.28M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$102.58M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$98.85M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$200.48M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$188.99M	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$120.58M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$145.89M	USD	1 Quarter
Cost of goods sold and occupancy costs	`CostOfGoodsSoldAndOccupancyCosts`	$85.20M	USD	1 Quarter
Cost of goods sold and occupancy costs	`CostOfGoodsSoldAndOccupancyCosts`	$103.59M	USD	1 Quarter
Gross profit	`GrossProfit`	$35.38M	USD	1 Quarter
Gross profit	`GrossProfit`	$42.29M	USD	1 Quarter
Store expenses	`StoreExpenses`	$25.17M	USD	1 Quarter
Store expenses	`StoreExpenses`	$31.05M	USD	1 Quarter
Administrative expenses	`GeneralAndAdministrativeExpense`	$3.89M	USD	1 Quarter
Administrative expenses	`GeneralAndAdministrativeExpense`	$4.23M	USD	1 Quarter
Pre-opening and relocation expenses	`PreOpeningCostsAndRelocationExpenses`	$889.00K	USD	1 Quarter
Pre-opening and relocation expenses	`PreOpeningCostsAndRelocationExpenses`	$577.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$5.43M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$6.44M	USD	1 Quarter
Dividends and interest income	`InvestmentIncomeInterestAndDividend`	$1.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$735.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$707.00K	USD	1 Quarter
Total other expense, net	`OtherNonoperatingExpense`	$735.00K	USD	1 Quarter
Total other expense, net	`OtherNonoperatingExpense`	$706.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.72M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.71M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.14M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.80M	USD	1 Quarter
Net income	`ProfitLoss`	$2.92M	USD	1 Quarter
Net income	`ProfitLoss`	$3.56M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.49M	shares	1 Quarter
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.44M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.47M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.49M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$2.92M	USD	1 Quarter
Net income	`ProfitLoss`	$3.56M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.98M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.94M	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$4.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$181.00K	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 (benefit) expense	`DeferredIncomeTaxExpenseBenefit`	$-564.00K	USD	1 Quarter
Deferred income tax (benefit) expense	`DeferredIncomeTaxExpenseBenefit`	$215.00K	USD	1 Quarter
Non-cash interest expense	`AmortizationOfFinancingCosts`	$4.00K	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
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-496.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-703.00K	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-575.00K	USD	1 Quarter
Merchandise inventory	`IncreaseDecreaseInInventories`	$2.70M	USD	1 Quarter
Merchandise inventory	`IncreaseDecreaseInInventories`	$3.10M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$328.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$334.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$2.14M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-961.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.31M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$734.00K	USD	1 Quarter
Deferred rent and leasehold incentives	`IncreaseDecreaseInDeferredRentAndLeaseholdIncentives`	$489.00K	USD	1 Quarter
Deferred rent and leasehold incentives	`IncreaseDecreaseInDeferredRentAndLeaseholdIncentives`	$445.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$6.91M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$5.31M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.68M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.57M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.00K	USD	1 Quarter
Payment for acquisition	`PaymentsToAcquireBusinessesGross`	$5.60M	USD	1 Quarter
Decrease in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-500.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-13.17M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.18M	USD	1 Quarter
Borrowings under credit facility	`ProceedsFromLinesOfCredit`	$24.59M	USD	1 Quarter
Repayments under credit facility	`RepaymentsOfLinesOfCredit`	$21.51M	USD	1 Quarter
Capital and financing lease obligations payments	`RepaymentsOfLongTermCapitalAndFinancingLeaseObligations`	$55.00K	USD	1 Quarter
Capital and financing lease obligations payments	`RepaymentsOfLongTermCapitalAndFinancingLeaseObligations`	$43.00K	USD	1 Quarter
Excess tax benefit from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$7.00K	USD	1 Quarter
Payments on withholding tax for restricted stock unit vesting	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$22.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-36.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$3.00M	USD	1 Quarter
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-1.91M	USD	1 Quarter
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-3.26M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.11M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.85M	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`	$8.13M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.11M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.85M	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`	$8.13M	USD	Point-in-time
Cash paid for interest	`PaymentsForInterestExcludingInterestPaidOnCapitalLeaseFinanceObligationsAndCapitalLeaseObligationsNet`	$8.00K	USD	1 Quarter
Cash paid for interest on capital and financing lease obligations	`PaymentsForInterestOnCapitalLeaseFinanceObligationsAndCapitalLeaseObligations`	$762.00K	USD	1 Quarter
Cash paid for interest on capital and financing lease obligations	`PaymentsForInterestOnCapitalLeaseFinanceObligationsAndCapitalLeaseObligations`	$693.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$22.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$4.27M	USD	1 Quarter
Acquisition of property and equipment not yet paid	`CapitalExpendituresIncurredButNotYetPaid`	$3.47M	USD	1 Quarter
Acquisition of property and equipment not yet paid	`CapitalExpendituresIncurredButNotYetPaid`	$3.65M	USD	1 Quarter
Property acquired through capital and financing lease obligations	`PropertyAcquiredThroughCapitalLeaseAndCapitalFinancingLeaseObligations`	$14.00K	USD	1 Quarter
Property acquired through capital and financing lease obligations	`PropertyAcquiredThroughCapitalLeaseAndCapitalFinancingLeaseObligations`	$3.35M	USD	1 Quarter

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