10-Q Filing

NATURAL GROCERS BY VITAMIN COTTAGE, INC. CIK: 1547459 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001437749-16-024251`
Period End Date	20151231
Filing Date	20160128
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	ngvc-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 30 Cash Flow Statement 72

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$683.00K	USD	Point-in-time
Accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$691.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.92M	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`	$1.85M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.11M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.58M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Merchandise inventory	`RetailRelatedInventoryMerchandise`	$74.82M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	22.50M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	22.50M	shares	Point-in-time
Merchandise inventory	`RetailRelatedInventoryMerchandise`	$79.28M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.14M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	22.50M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	22.50M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.11M	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsLiabilitiesNetCurrent`	$869.00K	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsLiabilitiesNetCurrent`	$866.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$85.54M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$82.28M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$150.16M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$145.22M	USD	Point-in-time
Deposits and other assets	`DepositsAndOtherAssetsNoncurrent`	$888.00K	USD	Point-in-time
Deposits and other assets	`DepositsAndOtherAssetsNoncurrent`	$778.00K	USD	Point-in-time
Goodwill and other intangible assets, net of accumulated amortization of $691 and $683, respectively	`IntangibleAssetsNetIncludingGoodwill`	$5.62M	USD	Point-in-time
Goodwill and other intangible assets, net of accumulated amortization of $691 and $683, respectively	`IntangibleAssetsNetIncludingGoodwill`	$5.62M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$17.00K	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$21.00K	USD	Point-in-time
Total other assets	`OtherAssets`	$6.52M	USD	Point-in-time
Total other assets	`OtherAssets`	$6.42M	USD	Point-in-time
Total assets	`Assets`	$242.22M	USD	Point-in-time
Total assets	`Assets`	$233.92M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$52.99M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$49.90M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$16.36M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$19.65M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$19.65M	USD	Point-in-time
Capital and financing lease obligations, current portion	`CapitalAndFinancingLeaseObligationsCurrent`	$406.00K	USD	Point-in-time
Capital and financing lease obligations, current portion	`CapitalAndFinancingLeaseObligationsCurrent`	$333.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$69.88M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$69.75M	USD	Point-in-time
Capital and financing lease obligations, net of current portion	`CapitalAndFinancingLeaseObligationsNoncurrent`	$27.25M	USD	Point-in-time
Capital and financing lease obligations, net of current portion	`CapitalAndFinancingLeaseObligationsNoncurrent`	$27.27M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$9.62M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$6.07M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$314.00K	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$422.00K	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$7.25M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$6.92M	USD	Point-in-time
Leasehold incentives	`IncentiveFromLessor`	$8.46M	USD	Point-in-time
Leasehold incentives	`IncentiveFromLessor`	$7.97M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$48.56M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$53.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$118.44M	USD	Point-in-time
Total liabilities	`Liabilities`	$122.75M	USD	Point-in-time
Commitments (Note 5 and 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments (Note 5 and 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 22,497,482 and 22,496,628 shares issued and outstanding, respectively	`CommonStockValue`	$22.00K	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 22,497,482 and 22,496,628 shares issued and outstanding, respectively	`CommonStockValue`	$22.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$55.21M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$54.98M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$60.48M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$64.23M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$119.46M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$115.49M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$242.22M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$233.92M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$145.89M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$167.79M	USD	1 Quarter
Cost of goods sold and occupancy costs	`CostOfGoodsSoldAndOccupancyCosts`	$103.59M	USD	1 Quarter
Cost of goods sold and occupancy costs	`CostOfGoodsSoldAndOccupancyCosts`	$119.49M	USD	1 Quarter
Gross profit	`GrossProfit`	$48.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$42.29M	USD	1 Quarter
Store expenses	`StoreExpenses`	$35.90M	USD	1 Quarter
Store expenses	`StoreExpenses`	$31.05M	USD	1 Quarter
Administrative expenses	`GeneralAndAdministrativeExpense`	$4.23M	USD	1 Quarter
Administrative expenses	`GeneralAndAdministrativeExpense`	$4.75M	USD	1 Quarter
Pre-opening and relocation expenses	`PreOpeningCostsAndRelocationExpenses`	$577.00K	USD	1 Quarter
Pre-opening and relocation expenses	`PreOpeningCostsAndRelocationExpenses`	$948.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$6.69M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$6.44M	USD	1 Quarter
Interest expense	`InterestExpense`	$735.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$653.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.04M	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`	$2.29M	USD	1 Quarter
Net income	`ProfitLoss`	$3.56M	USD	1 Quarter
Net income	`ProfitLoss`	$3.75M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.49M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.50M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.50M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.49M	shares	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Capitalized interest	`InterestPaidCapitalized`	$51.00K	USD	1 Quarter
Capitalized interest	`InterestPaidCapitalized`	$159.00K	USD	1 Quarter
Net income	`ProfitLoss`	$3.56M	USD	1 Quarter
Net income	`ProfitLoss`	$3.75M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.98M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.04M	USD	1 Quarter
Loss (gain) on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-2.00K	USD	1 Quarter
Loss (gain) on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$4.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$232.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$181.00K	USD	1 Quarter
Excess tax benefit from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$3.00K	USD	1 Quarter
Excess tax benefit from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	1 Quarter
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$3.54M	USD	1 Quarter
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-564.00K	USD	1 Quarter
Non-cash interest expense	`AmortizationOfFinancingCosts`	$4.00K	USD	1 Quarter
Non-cash interest expense	`AmortizationOfFinancingCosts`	$4.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-469.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-496.00K	USD	1 Quarter
Merchandise inventory	`IncreaseDecreaseInInventories`	$2.70M	USD	1 Quarter
Merchandise inventory	`IncreaseDecreaseInInventories`	$4.46M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$328.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$141.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$2.14M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$2.18M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-3.29M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.31M	USD	1 Quarter
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	-	USD	1 Quarter
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$108.00K	USD	1 Quarter
Deferred rent and leasehold incentives	`IncreaseDecreaseInDeferredRentAndLeaseholdIncentives`	$445.00K	USD	1 Quarter
Deferred rent and leasehold incentives	`IncreaseDecreaseInDeferredRentAndLeaseholdIncentives`	$1.05M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$6.91M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$9.49M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.18M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.57M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$12.00K	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
Payment for acquisition	`PaymentsToAcquireBusinessesGross`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-13.17M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-10.17M	USD	1 Quarter
Borrowings under credit facility	`ProceedsFromLinesOfCredit`	$24.59M	USD	1 Quarter
Borrowings under credit facility	`ProceedsFromLinesOfCredit`	$96.03M	USD	1 Quarter
Repayments under credit facility	`RepaymentsOfLinesOfCredit`	$96.03M	USD	1 Quarter
Repayments under credit facility	`RepaymentsOfLinesOfCredit`	$21.51M	USD	1 Quarter
Capital and financing lease obligations payments	`RepaymentsOfLongTermCapitalAndFinancingLeaseObligations`	$91.00K	USD	1 Quarter
Capital and financing lease obligations payments	`RepaymentsOfLongTermCapitalAndFinancingLeaseObligations`	$55.00K	USD	1 Quarter
Excess tax benefit from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$3.00K	USD	1 Quarter
Excess tax benefit from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	1 Quarter
Payments on withholding tax for restricted stock unit vesting	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$22.00K	USD	1 Quarter
Payments on withholding tax for restricted stock unit vesting	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$10.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-98.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$3.00M	USD	1 Quarter
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-3.26M	USD	1 Quarter
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-773.00K	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`	$2.14M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.92M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.85M	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`	$2.14M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.92M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.85M	USD	Point-in-time
Cash paid for interest	`PaymentsForInterestExcludingInterestPaidOnCapitalLeaseFinanceObligationsAndCapitalLeaseObligationsNet`	$40.00K	USD	1 Quarter
Cash paid for interest	`PaymentsForInterestExcludingInterestPaidOnCapitalLeaseFinanceObligationsAndCapitalLeaseObligationsNet`	$8.00K	USD	1 Quarter
Cash paid for interest on capital and financing lease obligations, net of capitalized interest of $159 and $51, respectively	`PaymentsForInterestOnCapitalLeaseFinanceObligationsAndCapitalLeaseObligations`	$622.00K	USD	1 Quarter
Cash paid for interest on capital and financing lease obligations, net of capitalized interest of $159 and $51, respectively	`PaymentsForInterestOnCapitalLeaseFinanceObligationsAndCapitalLeaseObligations`	$711.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$4.27M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$1.22M	USD	1 Quarter
Acquisition of property and equipment not yet paid	`CapitalExpendituresIncurredButNotYetPaid`	$7.34M	USD	1 Quarter
Acquisition of property and equipment not yet paid	`CapitalExpendituresIncurredButNotYetPaid`	$3.47M	USD	1 Quarter
Property acquired through capital and financing lease obligations	`PropertyAcquiredThroughCapitalLeaseAndCapitalFinancingLeaseObligations`	$3.35M	USD	1 Quarter
Property acquired through capital and financing lease obligations	`PropertyAcquiredThroughCapitalLeaseAndCapitalFinancingLeaseObligations`	-	USD	1 Quarter

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