10-Q Filing

NATURAL GROCERS BY VITAMIN COTTAGE, INC. CIK: 1547459 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001437749-18-001480`
Period End Date	20171231
Filing Date	20180201
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	ngvc-20171231.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`	$394.00K	USD	Point-in-time
Goodwill and other intangible assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$402.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.02M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.14M	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`	$4.48M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$4.86M	USD	Point-in-time
Merchandise inventory	`RetailRelatedInventoryMerchandise`	$93.61M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	22.51M	shares	Point-in-time
Merchandise inventory	`RetailRelatedInventoryMerchandise`	$91.42M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	22.51M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.76M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	22.35M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	22.45M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.22M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$106.75M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	62,223.00	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	162,570.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$108.22M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$185.19M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$184.42M	USD	Point-in-time
Deposits and other assets	`DepositsAndOtherAssetsNoncurrent`	$1.64M	USD	Point-in-time
Deposits and other assets	`DepositsAndOtherAssetsNoncurrent`	$1.69M	USD	Point-in-time
Goodwill and other intangible assets, net of accumulated amortization of $402 and $394, respectively	`IntangibleAssetsNetIncludingGoodwill`	$5.66M	USD	Point-in-time
Goodwill and other intangible assets, net of accumulated amortization of $402 and $394, respectively	`IntangibleAssetsNetIncludingGoodwill`	$5.67M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$40.00K	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$62.00K	USD	Point-in-time
Total other assets	`OtherAssets`	$7.36M	USD	Point-in-time
Total other assets	`OtherAssets`	$7.40M	USD	Point-in-time
Total assets	`Assets`	$299.34M	USD	Point-in-time
Total assets	`Assets`	$299.99M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$56.85M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$52.16M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$17.18M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$14.16M	USD	Point-in-time
Capital and financing lease obligations, current portion	`CapitalAndFinancingLeaseObligationsCurrent`	$604.00K	USD	Point-in-time
Capital and financing lease obligations, current portion	`CapitalAndFinancingLeaseObligationsCurrent`	$548.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$69.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$71.56M	USD	Point-in-time
Capital and financing lease obligations, net of current portion	`CapitalAndFinancingLeaseObligationsNoncurrent`	$37.12M	USD	Point-in-time
Capital and financing lease obligations, net of current portion	`CapitalAndFinancingLeaseObligationsNoncurrent`	$32.88M	USD	Point-in-time
Revolving credit facility	`LongTermLineOfCredit`	$28.39M	USD	Point-in-time
Revolving credit facility	`LongTermLineOfCredit`	$24.59M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$7.97M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$12.42M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$1.35M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$1.23M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$10.46M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$10.59M	USD	Point-in-time
Leasehold incentives	`IncentiveFromLessor`	$9.16M	USD	Point-in-time
Leasehold incentives	`IncentiveFromLessor`	$9.12M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$90.75M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$94.55M	USD	Point-in-time
Total liabilities	`Liabilities`	$160.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$166.11M	USD	Point-in-time
Commitments (Note 6 and 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments (Note 6 and 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 22,510,279 shares issued at December 31, 2017 and September 30, 2017, respectively, and 22,347,709 and 22,448,056 outstanding at December 31, 2017 and September 30, 2017, 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, 2017 and September 30, 2017, respectively, and 22,347,709 and 22,448,056 outstanding at December 31, 2017 and September 30, 2017, respectively	`CommonStockValue`	$23.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$55.68M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$55.83M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$84.03M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$78.85M	USD	Point-in-time
Common stock in treasury at cost, 162,570 and 62,223 shares at December 31, 2017 and September 30, 2017, respectively	`TreasuryStockValue`	$1.24M	USD	Point-in-time
Common stock in treasury at cost, 162,570 and 62,223 shares at December 31, 2017 and September 30, 2017, respectively	`TreasuryStockValue`	$664.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$133.88M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$138.64M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$299.34M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$299.99M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$183.58M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$202.48M	USD	1 Quarter
Cost of goods sold and occupancy costs	`CostOfGoodsSoldAndOccupancyCosts`	$149.32M	USD	1 Quarter
Cost of goods sold and occupancy costs	`CostOfGoodsSoldAndOccupancyCosts`	$131.42M	USD	1 Quarter
Gross profit	`GrossProfit`	$53.16M	USD	1 Quarter
Gross profit	`GrossProfit`	$52.15M	USD	1 Quarter
Store expenses	`StoreExpenses`	$41.84M	USD	1 Quarter
Store expenses	`StoreExpenses`	$45.17M	USD	1 Quarter
Administrative expenses	`GeneralAndAdministrativeExpense`	$4.88M	USD	1 Quarter
Administrative expenses	`GeneralAndAdministrativeExpense`	$5.26M	USD	1 Quarter
Pre-opening and relocation expenses	`PreOpeningCostsAndRelocationExpenses`	$1.26M	USD	1 Quarter
Pre-opening and relocation expenses	`PreOpeningCostsAndRelocationExpenses`	$543.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$4.17M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.19M	USD	1 Quarter
Interest expense	`InterestExpense`	$983.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.09M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.10M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.18M	USD	1 Quarter
Benefit from (provision for) income taxes	`IncomeTaxExpenseBenefit`	$1.12M	USD	1 Quarter
Benefit from (provision for) income taxes	`IncomeTaxExpenseBenefit`	$-4.08M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.06M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.45M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.36M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.37M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.46M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Capitalized interest	`InterestPaidCapitalized`	$25.00K	USD	1 Quarter
Capitalized interest	`InterestPaidCapitalized`	$63.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.06M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$7.42M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$7.12M	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-48.00K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$217.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$160.00K	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-4.45M	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-170.00K	USD	1 Quarter
Non-cash interest expense	`AmortizationOfFinancingCosts`	$2.00K	USD	1 Quarter
Non-cash interest expense	`AmortizationOfFinancingCosts`	$3.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-1.13M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-383.00K	USD	1 Quarter
Merchandise inventory	`IncreaseDecreaseInInventories`	$1.66M	USD	1 Quarter
Merchandise inventory	`IncreaseDecreaseInInventories`	$-2.19M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-22.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.40M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-351.00K	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-286.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-3.56M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$3.01M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$3.93M	USD	1 Quarter
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$116.00K	USD	1 Quarter
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$124.00K	USD	1 Quarter
Deferred rent and leasehold incentives	`IncreaseDecreaseInDeferredRentAndLeaseholdIncentives`	$240.00K	USD	1 Quarter
Deferred rent and leasehold incentives	`IncreaseDecreaseInDeferredRentAndLeaseholdIncentives`	$89.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.09M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.97M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.06M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.92M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$41.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.56M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.49M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.88M	USD	1 Quarter
Borrowings under credit facility	`ProceedsFromLinesOfCredit`	$87.50M	USD	1 Quarter
Borrowings under credit facility	`ProceedsFromLinesOfCredit`	$67.35M	USD	1 Quarter
Repayments under credit facility	`RepaymentsOfLinesOfCredit`	$67.70M	USD	1 Quarter
Repayments under credit facility	`RepaymentsOfLinesOfCredit`	$91.30M	USD	1 Quarter
Capital and financing lease obligations payments	`RepaymentsOfLongTermCapitalAndFinancingLeaseObligations`	$113.00K	USD	1 Quarter
Capital and financing lease obligations payments	`RepaymentsOfLongTermCapitalAndFinancingLeaseObligations`	$132.00K	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$581.00K	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Payments on withholding tax for restricted stock unit vesting	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.00K	USD	1 Quarter
Payments on withholding tax for restricted stock unit vesting	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$12.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-476.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.52M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.12M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.57M	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`	$6.52M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.09M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.14M	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`	$6.52M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.09M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.14M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$217.00K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$121.00K	USD	1 Quarter
Cash paid for interest on capital and financing lease obligations, net of capitalized interest of $25 and $63, respectively	`PaymentsForInterestOnCapitalLeaseFinanceObligationsAndCapitalLeaseObligations`	$848.00K	USD	1 Quarter
Cash paid for interest on capital and financing lease obligations, net of capitalized interest of $25 and $63, respectively	`PaymentsForInterestOnCapitalLeaseFinanceObligationsAndCapitalLeaseObligations`	$784.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$19.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$11.00K	USD	1 Quarter
Acquisition of property and equipment not yet paid	`CapitalExpendituresIncurredButNotYetPaid`	$7.24M	USD	1 Quarter
Acquisition of property and equipment not yet paid	`CapitalExpendituresIncurredButNotYetPaid`	$1.72M	USD	1 Quarter
Property acquired through capital and financing lease obligations	`PropertyAcquiredThroughCapitalLeaseAndCapitalFinancingLeaseObligations`	$4.43M	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.