10-Q Filing

NATURAL GROCERS BY VITAMIN COTTAGE, INC. CIK: 1547459 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001437749-17-001542`
Period End Date	20161231
Filing Date	20170202
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	ngvc-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 30 Cash Flow Statement 70

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Goodwill and other intangible assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$380.00K	USD	Point-in-time
Goodwill and other intangible assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$386.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.92M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.14M	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
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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.75M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.62M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	22.51M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	22.51M	shares	Point-in-time
Merchandise inventory	`RetailRelatedInventoryMerchandise`	$86.33M	USD	Point-in-time
Merchandise inventory	`RetailRelatedInventoryMerchandise`	$87.99M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.23M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.75M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	22.45M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	22.45M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$99.49M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	55,803.00	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	57,670.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$97.33M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$178.30M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$181.62M	USD	Point-in-time
Deposits and other assets	`DepositsAndOtherAssetsNoncurrent`	$1.53M	USD	Point-in-time
Deposits and other assets	`DepositsAndOtherAssetsNoncurrent`	$971.00K	USD	Point-in-time
Goodwill and other intangible assets, net of accumulated amortization of $386 and $380, respectively	`IntangibleAssetsNetIncludingGoodwill`	$5.59M	USD	Point-in-time
Goodwill and other intangible assets, net of accumulated amortization of $386 and $380, respectively	`IntangibleAssetsNetIncludingGoodwill`	$5.60M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$47.00K	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$50.00K	USD	Point-in-time
Total other assets	`OtherAssets`	$6.62M	USD	Point-in-time
Total other assets	`OtherAssets`	$7.17M	USD	Point-in-time
Total assets	`Assets`	$288.28M	USD	Point-in-time
Total assets	`Assets`	$282.25M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$53.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$53.74M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$16.38M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$12.45M	USD	Point-in-time
Capital and financing lease obligations, current portion	`CapitalAndFinancingLeaseObligationsCurrent`	$484.00K	USD	Point-in-time
Capital and financing lease obligations, current portion	`CapitalAndFinancingLeaseObligationsCurrent`	$478.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$70.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$66.54M	USD	Point-in-time
Capital and financing lease obligations, net of current portion	`CapitalAndFinancingLeaseObligationsNoncurrent`	$31.43M	USD	Point-in-time
Capital and financing lease obligations, net of current portion	`CapitalAndFinancingLeaseObligationsNoncurrent`	$31.31M	USD	Point-in-time
Revolving credit facility	`LongTermLineOfCredit`	$27.43M	USD	Point-in-time
Revolving credit facility	`LongTermLineOfCredit`	$27.08M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$12.18M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$12.01M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$757.00K	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$873.00K	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$9.25M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$8.81M	USD	Point-in-time
Leasehold incentives	`IncentiveFromLessor`	$8.18M	USD	Point-in-time
Leasehold incentives	`IncentiveFromLessor`	$8.38M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$88.98M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$88.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$155.52M	USD	Point-in-time
Total liabilities	`Liabilities`	$159.29M	USD	Point-in-time
Commitments (Note 6 and 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments (Note 6 and 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 22,510,279 shares issued at December 31, 2016 and September 30, 2016, and 22,454,476 and 22,452,609 outstanding at December 31, 2016 and September 30, 2016, respectively	`CommonStockValue`	$23.00K	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 22,510,279 shares issued at December 31, 2016 and September 30, 2016, and 22,454,476 and 22,452,609 outstanding at December 31, 2016 and September 30, 2016, respectively	`CommonStockValue`	$23.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$55.62M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$55.44M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$74.02M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$71.95M	USD	Point-in-time
Common stock in treasury at cost, 55,803 and 57,670 shares, at December 31, 2016 and September 30, 2016, respectively	`TreasuryStockValue`	$690.00K	USD	Point-in-time
Common stock in treasury at cost, 55,803 and 57,670 shares, at December 31, 2016 and September 30, 2016, respectively	`TreasuryStockValue`	$668.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$126.72M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$128.99M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$282.25M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$288.28M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$167.79M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$183.58M	USD	1 Quarter
Cost of goods sold and occupancy costs	`CostOfGoodsSoldAndOccupancyCosts`	$131.42M	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`	$52.15M	USD	1 Quarter
Store expenses	`StoreExpenses`	$35.90M	USD	1 Quarter
Store expenses	`StoreExpenses`	$41.84M	USD	1 Quarter
Administrative expenses	`GeneralAndAdministrativeExpense`	$4.88M	USD	1 Quarter
Administrative expenses	`GeneralAndAdministrativeExpense`	$4.75M	USD	1 Quarter
Pre-opening and relocation expenses	`PreOpeningCostsAndRelocationExpenses`	$948.00K	USD	1 Quarter
Pre-opening and relocation expenses	`PreOpeningCostsAndRelocationExpenses`	$1.26M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$6.69M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$4.17M	USD	1 Quarter
Interest expense	`InterestExpense`	$653.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$983.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.04M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.18M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.12M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.29M	USD	1 Quarter
Net income	`ProfitLoss`	$2.06M	USD	1 Quarter
Net income	`ProfitLoss`	$3.75M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.45M	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`	22.46M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Proceeds from sale of property and equipment, commissions	`PaymentsForCommissions`	-	USD	1 Quarter
Proceeds from sale of property and equipment, commissions	`PaymentsForCommissions`	$80.00K	USD	1 Quarter
Capitalized interest	`InterestPaidCapitalized`	$63.00K	USD	1 Quarter
Net income	`ProfitLoss`	$2.06M	USD	1 Quarter
Capitalized interest	`InterestPaidCapitalized`	$159.00K	USD	1 Quarter
Net income	`ProfitLoss`	$3.75M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$6.04M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$7.12M	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-2.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$232.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$217.00K	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 (benefit) expense	`DeferredIncomeTaxExpenseBenefit`	$-170.00K	USD	1 Quarter
Deferred income tax (benefit) expense	`DeferredIncomeTaxExpenseBenefit`	$3.54M	USD	1 Quarter
Non-cash interest expense	`AmortizationOfFinancingCosts`	$2.00K	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`	$-1.13M	USD	1 Quarter
Merchandise inventory	`IncreaseDecreaseInInventories`	$1.66M	USD	1 Quarter
Merchandise inventory	`IncreaseDecreaseInInventories`	$4.46M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.40M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$141.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$2.18M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-286.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$3.93M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-3.29M	USD	1 Quarter
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$116.00K	USD	1 Quarter
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$108.00K	USD	1 Quarter
Deferred rent and leasehold incentives	`IncreaseDecreaseInDeferredRentAndLeaseholdIncentives`	$240.00K	USD	1 Quarter
Deferred rent and leasehold incentives	`IncreaseDecreaseInDeferredRentAndLeaseholdIncentives`	$1.05M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$9.49M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$14.09M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.18M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.06M	USD	1 Quarter
Proceeds from sale of property and equipment, net of commissions of $80 and zero, respectively	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.56M	USD	1 Quarter
Proceeds from sale of property and equipment, net of commissions of $80 and zero, respectively	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$12.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-10.17M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-10.49M	USD	1 Quarter
Borrowings under credit facility	`ProceedsFromLinesOfCredit`	$96.03M	USD	1 Quarter
Borrowings under credit facility	`ProceedsFromLinesOfCredit`	$67.35M	USD	1 Quarter
Repayments under credit facility	`RepaymentsOfLinesOfCredit`	$96.03M	USD	1 Quarter
Repayments under credit facility	`RepaymentsOfLinesOfCredit`	$67.70M	USD	1 Quarter
Capital and financing lease obligations payments	`RepaymentsOfLongTermCapitalAndFinancingLeaseObligations`	$91.00K	USD	1 Quarter
Capital and financing lease obligations payments	`RepaymentsOfLongTermCapitalAndFinancingLeaseObligations`	$113.00K	USD	1 Quarter
Excess tax benefit from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	1 Quarter
Excess tax benefit from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$3.00K	USD	1 Quarter
Payments on withholding tax for restricted stock unit vesting	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$12.00K	USD	1 Quarter
Payments on withholding tax for restricted stock unit vesting	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$10.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-476.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-98.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$3.12M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-773.00K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.02M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.14M	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`	$2.14M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.02M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.14M	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`	$2.14M	USD	Point-in-time
Cash paid for interest	`PaymentsForInterestExcludingInterestPaidOnCapitalLeaseFinanceObligationsAndCapitalLeaseObligationsNet`	$40.00K	USD	1 Quarter
Cash paid for interest	`PaymentsForInterestExcludingInterestPaidOnCapitalLeaseFinanceObligationsAndCapitalLeaseObligationsNet`	$121.00K	USD	1 Quarter
Cash paid for interest on capital and financing lease obligations, net of capitalized interest of $63 and $159, respectively	`PaymentsForInterestOnCapitalLeaseFinanceObligationsAndCapitalLeaseObligations`	$784.00K	USD	1 Quarter
Cash paid for interest on capital and financing lease obligations, net of capitalized interest of $63 and $159, respectively	`PaymentsForInterestOnCapitalLeaseFinanceObligationsAndCapitalLeaseObligations`	$622.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$1.22M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$11.00K	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`	$7.24M	USD	1 Quarter

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