10-Q Filing

NATURAL GROCERS BY VITAMIN COTTAGE, INC. CIK: 1547459 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001437749-19-002058`
Period End Date	20181231
Filing Date	20190207
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	ngvc-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 30 Cash Flow Statement 74 Stockholders Equity 15

Balance Sheet 74 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`	$9.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.09M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.54M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.52M	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$4.88M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$4.74M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	22.39M	shares	Point-in-time
Merchandise inventory	`RetailRelatedInventoryMerchandise`	$95.20M	USD	Point-in-time
Merchandise inventory	`RetailRelatedInventoryMerchandise`	$94.23M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	22.37M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.72M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.59M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	136,897.00	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	117,969.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$110.95M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$107.33M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$194.70M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$188.77M	USD	Point-in-time
Deposits and other assets	`DepositsAndOtherAssetsNoncurrent`	$1.69M	USD	Point-in-time
Deposits and other assets	`DepositsAndOtherAssetsNoncurrent`	$1.68M	USD	Point-in-time
Goodwill and other intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$6.39M	USD	Point-in-time
Goodwill and other intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$5.65M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$31.00K	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$27.00K	USD	Point-in-time
Total other assets	`OtherAssets`	$7.36M	USD	Point-in-time
Total other assets	`OtherAssets`	$8.11M	USD	Point-in-time
Total assets	`Assets`	$307.08M	USD	Point-in-time
Total assets	`Assets`	$310.13M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$54.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$61.10M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$21.59M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$17.85M	USD	Point-in-time
Capital and financing lease obligations, current portion	`CapitalAndFinancingLeaseObligationsCurrent`	$805.00K	USD	Point-in-time
Capital and financing lease obligations, current portion	`CapitalAndFinancingLeaseObligationsCurrent`	$736.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$79.69M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$76.82M	USD	Point-in-time
Capital and financing lease obligations, net of current portion	`CapitalAndFinancingLeaseObligationsNoncurrent`	$40.41M	USD	Point-in-time
Capital and financing lease obligations, net of current portion	`CapitalAndFinancingLeaseObligationsNoncurrent`	$44.85M	USD	Point-in-time
Revolving credit facility	`LongTermLineOfCredit`	$13.19M	USD	Point-in-time
Revolving credit facility	`LongTermLineOfCredit`	$12.69M	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$6.45M	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$6.18M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$688.00K	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$700.00K	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$11.12M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$11.04M	USD	Point-in-time
Leasehold incentives	`IncentiveFromLessor`	$8.60M	USD	Point-in-time
Leasehold incentives	`IncentiveFromLessor`	$8.89M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$80.67M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$84.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$160.96M	USD	Point-in-time
Total liabilities	`Liabilities`	$160.36M	USD	Point-in-time
Commitments (Notes 7 and 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments (Notes 7 and 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 22,510,279 shares issued at December 31, 2018 and September 30, 2018 and 22,392,310 and 22,373,382 outstanding at December 31, 2018 and September 30, 2018, 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, 2018 and September 30, 2018 and 22,392,310 and 22,373,382 outstanding at December 31, 2018 and September 30, 2018, respectively	`CommonStockValue`	$23.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$56.24M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$56.34M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$93.70M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$91.51M	USD	Point-in-time
Common stock in treasury at cost, 117,969 and 136,897 shares, at December 31, 2018 and September 30, 2018, respectively	`TreasuryStockValue`	$896.00K	USD	Point-in-time
Common stock in treasury at cost, 117,969 and 136,897 shares, at December 31, 2018 and September 30, 2018, respectively	`TreasuryStockValue`	$1.04M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$149.17M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$146.73M	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`	$307.08M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$310.13M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$202.48M	USD	1 Quarter
Net Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$221.51M	USD	1 Quarter
Cost of goods sold and occupancy costs	`CostOfGoodsSoldAndOccupancyCosts`	$162.37M	USD	1 Quarter
Cost of goods sold and occupancy costs	`CostOfGoodsSoldAndOccupancyCosts`	$149.32M	USD	1 Quarter
Gross profit	`GrossProfit`	$53.16M	USD	1 Quarter
Gross profit	`GrossProfit`	$59.15M	USD	1 Quarter
Store expenses	`StoreExpenses`	$49.12M	USD	1 Quarter
Store expenses	`StoreExpenses`	$45.17M	USD	1 Quarter
Administrative expenses	`GeneralAndAdministrativeExpense`	$5.32M	USD	1 Quarter
Administrative expenses	`GeneralAndAdministrativeExpense`	$5.26M	USD	1 Quarter
Pre-opening and relocation expenses	`PreOpeningCostsAndRelocationExpenses`	$543.00K	USD	1 Quarter
Pre-opening and relocation expenses	`PreOpeningCostsAndRelocationExpenses`	$672.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.19M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$4.04M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$1.25M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$1.09M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.78M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.10M	USD	1 Quarter
(Provision for) benefit from income taxes	`IncomeTaxExpenseBenefit`	$-4.08M	USD	1 Quarter
(Provision for) benefit from income taxes	`IncomeTaxExpenseBenefit`	$584.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.18M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.10	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`	$0.10	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.36M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.39M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.60M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.37M	shares	1 Quarter

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Capitalized interest	`InterestPaidCapitalized`	$25.00K	USD	1 Quarter
Capitalized interest	`InterestPaidCapitalized`	$43.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.18M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$7.42M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$7.29M	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-41.00K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-48.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$399.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$160.00K	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-264.00K	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-4.45M	USD	1 Quarter
Non-cash interest expense	`AmortizationOfFinancingCosts`	$3.00K	USD	1 Quarter
Non-cash interest expense	`AmortizationOfFinancingCosts`	$3.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$151.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-383.00K	USD	1 Quarter
Merchandise inventory	`IncreaseDecreaseInInventories`	$-2.19M	USD	1 Quarter
Merchandise inventory	`IncreaseDecreaseInInventories`	$969.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-22.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$339.00K	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-181.00K	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-351.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-4.40M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-3.56M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$3.74M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$3.01M	USD	1 Quarter
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$124.00K	USD	1 Quarter
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$12.00K	USD	1 Quarter
Deferred rent and leasehold incentives	`IncreaseDecreaseInDeferredRentAndLeaseholdIncentives`	$-209.00K	USD	1 Quarter
Deferred rent and leasehold incentives	`IncreaseDecreaseInDeferredRentAndLeaseholdIncentives`	$89.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.97M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.53M	USD	1 Quarter
Acquisition of property and equipment (1)	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.92M	USD	1 Quarter
Acquisition of property and equipment (1)	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.51M	USD	1 Quarter
Acquisition of other intangibles (1)	`PaymentsToAcquireIntangibleAssets`	$6.00K	USD	1 Quarter
Acquisition of other intangibles (1)	`PaymentsToAcquireIntangibleAssets`	$68.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$41.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from property insurance settlements	`ProceedsFromInsuranceSettlementInvestingActivities`	$19.00K	USD	1 Quarter
Proceeds from property insurance settlements	`ProceedsFromInsuranceSettlementInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.56M	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`	$94.30M	USD	1 Quarter
Repayments under credit facility	`RepaymentsOfLinesOfCredit`	$91.30M	USD	1 Quarter
Repayments under credit facility	`RepaymentsOfLinesOfCredit`	$94.80M	USD	1 Quarter
Capital and financing lease obligations payments	`RepaymentsOfLongTermCapitalAndFinancingLeaseObligations`	$175.00K	USD	1 Quarter
Capital and financing lease obligations payments	`RepaymentsOfLongTermCapitalAndFinancingLeaseObligations`	$132.00K	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$581.00K	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`	$154.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.52M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-829.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.86M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.57M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.40M	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`	$4.54M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.52M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.40M	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`	$4.54M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.52M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$217.00K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$224.00K	USD	1 Quarter
Cash paid for interest on capital and financing lease obligations, net of capitalized interest of $43 and $25, respectively	`PaymentsForInterestOnCapitalLeaseFinanceObligationsAndCapitalLeaseObligations`	$1.02M	USD	1 Quarter
Cash paid for interest on capital and financing lease obligations, net of capitalized interest of $43 and $25, respectively	`PaymentsForInterestOnCapitalLeaseFinanceObligationsAndCapitalLeaseObligations`	$848.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$20.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$19.00K	USD	1 Quarter
Acquisition of property and equipment not yet paid	`CapitalExpendituresIncurredButNotYetPaid`	$1.72M	USD	1 Quarter
Acquisition of property and equipment not yet paid	`CapitalExpendituresIncurredButNotYetPaid`	$2.97M	USD	1 Quarter
Property acquired through capital and financing lease obligations	`PropertyAcquiredThroughCapitalLeaseAndCapitalFinancingLeaseObligations`	$4.69M	USD	1 Quarter
Property acquired through capital and financing lease obligations	`PropertyAcquiredThroughCapitalLeaseAndCapitalFinancingLeaseObligations`	$4.43M	USD	1 Quarter

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$149.17M	USD	Point-in-time
Balance	`StockholdersEquity`	$146.73M	USD	Point-in-time
Balance	`StockholdersEquity`	$133.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$138.64M	USD	Point-in-time
Net income	`NetIncomeLoss`	$2.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.18M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$245.00K	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$156.00K	USD	1 Quarter
Repurchase of common stock (in shares)	`TreasuryStockSharesAcquired`	0.00	shares	1 Quarter
Repurchase of common stock (in shares)	`TreasuryStockSharesAcquired`	199,543.00	shares	10 Qtrs
Repurchase of common stock	`TreasuryStockValueAcquiredCostMethod`	$581.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$149.17M	USD	Point-in-time
Balance	`StockholdersEquity`	$146.73M	USD	Point-in-time
Balance	`StockholdersEquity`	$133.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$138.64M	USD	Point-in-time

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