2020 Q3 Form 10-K Financial Statement

#000143774920025108 Filed on December 10, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2020 2019 Q3
Revenue $264.2M $1.037B $227.2M
YoY Change 16.27% 14.75% 4.45%
Cost Of Revenue $191.8M $753.7M $168.2M
YoY Change 14.03% 13.37% 4.99%
Gross Profit $72.41M $283.1M $58.97M
YoY Change 22.8% 18.59% 2.91%
Gross Profit Margin 27.41% 27.31% 25.95%
Selling, General & Admin $59.10M $221.9M $49.20M
YoY Change 20.12% 14.56% 5.13%
% of Gross Profit 81.62% 78.37% 83.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.680M $31.19M $7.200M
YoY Change 6.67% 7.65% -0.83%
% of Gross Profit 10.61% 11.02% 12.21%
Operating Expenses $67.40M $255.4M $56.20M
YoY Change 19.93% 15.05% 4.27%
Operating Profit $4.958M $27.75M $2.774M
YoY Change 78.73% 65.51% -19.73%
Interest Expense $491.0K $2.048M $1.161M
YoY Change -57.71% -58.64% -1.53%
% of Operating Profit 9.9% 7.38% 41.85%
Other Income/Expense, Net
YoY Change
Pretax Income $4.467M $25.70M $1.613M
YoY Change 176.94% 117.55% -29.16%
Income Tax $735.0K $5.692M $252.0K
% Of Pretax Income 16.45% 22.15% 15.62%
Net Earnings $3.700M $20.01M $1.400M
YoY Change 164.29% 112.5% -33.33%
Net Earnings / Revenue 1.4% 1.93% 0.62%
Basic Earnings Per Share $0.17 $0.89 $0.06
Diluted Earnings Per Share $0.16 $0.89 $0.06
COMMON SHARES
Basic Shares Outstanding 22.52M 22.50M 22.45M
Diluted Shares Outstanding 22.58M

Balance Sheet

Concept 2020 Q3 2020 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $28.50M $28.50M $6.200M
YoY Change 359.68% 359.68% -34.04%
Cash & Equivalents $28.53M $28.50M $6.214M
Short-Term Investments
Other Short-Term Assets $6.200M $6.200M $7.700M
YoY Change -19.48% -19.48% 196.15%
Inventory $100.2M $100.2M $96.20M
Prepaid Expenses
Receivables $8.519M $8.500M $5.059M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $143.4M $143.4M $115.2M
YoY Change 24.51% 24.48% 3.81%
LONG-TERM ASSETS
Property, Plant & Equipment $147.9M $527.3M $201.6M
YoY Change -26.65% 161.56% 6.82%
Goodwill $5.198M $5.198M
YoY Change 0.0% 0.0%
Intangibles $5.690M $5.659M
YoY Change 0.55% 574.49%
Long-Term Investments
YoY Change
Other Assets $600.0K $600.0K $1.700M
YoY Change -64.71% -64.71% 0.0%
Total Long-Term Assets $538.4M $538.4M $211.9M
YoY Change 154.03% 154.08% 8.06%
TOTAL ASSETS
Total Short-Term Assets $143.4M $143.4M $115.2M
Total Long-Term Assets $538.4M $538.4M $211.9M
Total Assets $681.8M $681.8M $327.1M
YoY Change 108.43% 108.44% 6.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $69.16M $69.20M $63.16M
YoY Change 9.5% 9.49% 3.37%
Accrued Expenses $25.00M $55.30M $19.06M
YoY Change 31.13% 212.43% 6.78%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $2.800M $1.000M
YoY Change -100.0% 180.0% 42.86%
Total Short-Term Liabilities $129.2M $129.2M $83.27M
YoY Change 55.1% 55.1% 4.49%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $39.50M $57.20M
YoY Change -100.0% -30.94% 6.72%
Other Long-Term Liabilities $325.6M $325.6M $19.40M
YoY Change 1578.35% 1578.35% -5.83%
Total Long-Term Liabilities $379.6M $365.1M $86.94M
YoY Change 336.6% 376.63% 7.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $129.2M $129.2M $83.27M
Total Long-Term Liabilities $379.6M $365.1M $86.94M
Total Liabilities $508.7M $508.7M $170.2M
YoY Change 198.88% 198.88% 6.14%
SHAREHOLDERS EQUITY
Retained Earnings $116.3M $100.9M
YoY Change 15.23% 10.29%
Common Stock $56.78M $56.34M
YoY Change 0.77% 0.15%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00 $400.0K
YoY Change -100.0% -61.54%
Treasury Stock Shares $0.00 $47.22K
Shareholders Equity $173.1M $173.1M $156.9M
YoY Change
Total Liabilities & Shareholders Equity $681.8M $681.8M $327.1M
YoY Change 108.43% 108.44% 6.52%

Cashflow Statement

Concept 2020 Q3 2020 2019 Q3
OPERATING ACTIVITIES
Net Income $3.700M $20.01M $1.400M
YoY Change 164.29% 112.5% -33.33%
Depreciation, Depletion And Amortization $7.680M $31.19M $7.200M
YoY Change 6.67% 7.65% -0.83%
Cash From Operating Activities $5.040M $66.50M $9.080M
YoY Change -44.49% 77.9% -27.65%
INVESTING ACTIVITIES
Capital Expenditures -$4.080M $26.75M -$9.880M
YoY Change -58.7% -10.92% 40.14%
Acquisitions
YoY Change
Other Investing Activities $0.00 $30.00K $0.00
YoY Change -96.55% -100.0%
Cash From Investing Activities -$4.090M -$29.56M -$9.880M
YoY Change -58.6% -7.24% 40.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities -2.280M -$14.63M -4.650M
YoY Change -50.97% 68.1% 39.64%
NET CHANGE
Cash From Operating Activities 5.040M $66.50M 9.080M
Cash From Investing Activities -4.090M -$29.56M -9.880M
Cash From Financing Activities -2.280M -$14.63M -4.650M
Net Change In Cash -1.330M $22.32M -5.450M
YoY Change -75.6% -801.01% -347.73%
FREE CASH FLOW
Cash From Operating Activities $5.040M $66.50M $9.080M
Capital Expenditures -$4.080M $26.75M -$9.880M
Free Cash Flow $9.120M $39.75M $18.96M
YoY Change -51.9% 440.68% -3.27%

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IncreaseDecreaseInAccountsPayableTrade
1845000 USD
CY2020 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
5934000 USD
CY2019 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1211000 USD
CY2018 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
3644000 USD
CY2020 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
0 USD
CY2019 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
-688000 USD
CY2018 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
-543000 USD
CY2020 ngvc Increase Decrease In Deferred Rent And Leasehold Incentives
IncreaseDecreaseInDeferredRentAndLeaseholdIncentives
0 USD
CY2019 ngvc Increase Decrease In Deferred Rent And Leasehold Incentives
IncreaseDecreaseInDeferredRentAndLeaseholdIncentives
-580000 USD
CY2018 ngvc Increase Decrease In Deferred Rent And Leasehold Incentives
IncreaseDecreaseInDeferredRentAndLeaseholdIncentives
308000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
66503000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
37382000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
42863000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
26752000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
30030000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
23687000 USD
CY2020 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
2832000 USD
CY2019 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
2703000 USD
CY2018 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
30000 USD
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2019 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
836000 USD
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
34000 USD
CY2020 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
27000 USD
CY2019 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
32000 USD
CY2018 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
140000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-29557000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-31865000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-23543000 USD
CY2020 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
236100000 USD
CY2019 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
405900000 USD
CY2018 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
376000000 USD
CY2020 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
241792000 USD
CY2019 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
413400000 USD
CY2018 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
391200000 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
-0 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
-0 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
581000 USD
CY2020 ngvc Repayments Of Long Term Capital And Financing Lease Obligations
RepaymentsOfLongTermCapitalAndFinancingLeaseObligations
-0 USD
CY2019 ngvc Repayments Of Long Term Capital And Financing Lease Obligations
RepaymentsOfLongTermCapitalAndFinancingLeaseObligations
780000 USD
CY2018 ngvc Repayments Of Long Term Capital And Financing Lease Obligations
RepaymentsOfLongTermCapitalAndFinancingLeaseObligations
573000 USD
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2271000 USD
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
-0 USD
CY2018 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
-0 USD
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
6301000 USD
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
-0 USD
CY2018 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
-0 USD
CY2020 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
25000 USD
CY2019 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
-0 USD
CY2018 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
-0 USD
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
337000 USD
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
421000 USD
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
89000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-14626000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-8701000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-16443000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
22320000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3184000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2877000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6214000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
9398000 USD
CY2017Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6521000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
28534000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6214000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
9398000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
354000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
787000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
878000 USD
CY2020 ngvc Payments For Interest On Capital Lease Finance Obligations And Capital Lease Obligations
PaymentsForInterestOnCapitalLeaseFinanceObligationsAndCapitalLeaseObligations
1690000 USD
CY2019 ngvc Payments For Interest On Capital Lease Finance Obligations And Capital Lease Obligations
PaymentsForInterestOnCapitalLeaseFinanceObligationsAndCapitalLeaseObligations
4148000 USD
CY2018 ngvc Payments For Interest On Capital Lease Finance Obligations And Capital Lease Obligations
PaymentsForInterestOnCapitalLeaseFinanceObligationsAndCapitalLeaseObligations
3611000 USD
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
3305000 USD
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
4734000 USD
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
1958000 USD
CY2020 ngvc Payments For Deferred Compensation
PaymentsForDeferredCompensation
0 USD
CY2019 ngvc Payments For Deferred Compensation
PaymentsForDeferredCompensation
700000 USD
CY2018 ngvc Payments For Deferred Compensation
PaymentsForDeferredCompensation
700000 USD
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2407000 USD
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6289000 USD
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5254000 USD
CY2020 ngvc Other Intangible Expenditures Incurred But Not Yet Paid
OtherIntangibleExpendituresIncurredButNotYetPaid
255000 USD
CY2019 ngvc Other Intangible Expenditures Incurred But Not Yet Paid
OtherIntangibleExpendituresIncurredButNotYetPaid
476000 USD
CY2018 ngvc Other Intangible Expenditures Incurred But Not Yet Paid
OtherIntangibleExpendituresIncurredButNotYetPaid
0 USD
CY2020 ngvc Proceeds From Property Plant And Equipment Not Yet Received
ProceedsFromPropertyPlantAndEquipmentNotYetReceived
42000 USD
CY2019 ngvc Proceeds From Property Plant And Equipment Not Yet Received
ProceedsFromPropertyPlantAndEquipmentNotYetReceived
6000 USD
CY2018 ngvc Proceeds From Property Plant And Equipment Not Yet Received
ProceedsFromPropertyPlantAndEquipmentNotYetReceived
23000 USD
CY2020 ngvc Property Acquired Through Capital Lease And Capital Financing Lease Obligations
PropertyAcquiredThroughCapitalLeaseAndCapitalFinancingLeaseObligations
0 USD
CY2019 ngvc Property Acquired Through Capital Lease And Capital Financing Lease Obligations
PropertyAcquiredThroughCapitalLeaseAndCapitalFinancingLeaseObligations
12156000 USD
CY2018 ngvc Property Acquired Through Capital Lease And Capital Financing Lease Obligations
PropertyAcquiredThroughCapitalLeaseAndCapitalFinancingLeaseObligations
8285000 USD
CY2020 ngvc Property Acquired Through Operating Lease Obligations
PropertyAcquiredThroughOperatingLeaseObligations
13204000 USD
CY2019 ngvc Property Acquired Through Operating Lease Obligations
PropertyAcquiredThroughOperatingLeaseObligations
0 USD
CY2018 ngvc Property Acquired Through Operating Lease Obligations
PropertyAcquiredThroughOperatingLeaseObligations
0 USD
CY2020 ngvc Property Acquired Through Finance Lease Obligations
PropertyAcquiredThroughFinanceLeaseObligations
11625000 USD
CY2019 ngvc Property Acquired Through Finance Lease Obligations
PropertyAcquiredThroughFinanceLeaseObligations
0 USD
CY2018 ngvc Property Acquired Through Finance Lease Obligations
PropertyAcquiredThroughFinanceLeaseObligations
0 USD
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
133883000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
12661000 USD
CY2018 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
721000 USD
CY2018 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
42000 USD
CY2018 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
581000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
146726000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
9416000 USD
CY2019 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
764000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
156906000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
20009000 USD
CY2020 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
792000 USD
CY2019 ngvc Effective Income Tax Rate Reconciliation Depreciation Acceleration Amount
EffectiveIncomeTaxRateReconciliationDepreciationAccelerationAmount
500000 USD
CY2018 ngvc Accelerated Tax Depreciation Expenses
AcceleratedTaxDepreciationExpenses
4000000.0 USD
CY2019 ngvc Accelerated Tax Depreciation Expenses
AcceleratedTaxDepreciationExpenses
9300000 USD
CY2018 ngvc Accelerated Tax Depreciation Expenses
AcceleratedTaxDepreciationExpenses
4000000.0 USD
CY2020 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
0 USD
CY2020 ngvc Topic842 Transition Impact
Topic842TransitionImpact
1660000 USD
CY2020 us-gaap Dividends Cash
DividendsCash
6301000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
173066000 USD
CY2020 us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b><em style="font: inherit;">1.</em> Organization</b></p> <p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><i>Nature of Business</i></p> <p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">Natural Grocers by Vitamin Cottage, Inc. (Natural Grocers or the holding company) and its consolidated subsidiaries (collectively, the Company) operate retail stores that specialize in natural and organic groceries and dietary supplements. The Company operates its retail stores under its trademark <i>Natural Grocers by Vitamin Cottage</i>® with 159 stores as of <em style="font: inherit;"> September 30, 2020, </em>including 41 stores in Colorado, 25 in Texas, 14 in Oregon, 12 in Arizona, <span style="-sec-ix-hidden:c67843231">nine</span> in Utah, <span style="-sec-ix-hidden:c67843232">eight</span> in Kansas, <span style="-sec-ix-hidden:c67843234"><span style="-sec-ix-hidden:c67843245">six</span></span> each in Iowa, and Oklahoma, <span style="-sec-ix-hidden:c67845380"><span style="-sec-ix-hidden:c67843249">five</span></span> each in Missouri and New Mexico, <span style="-sec-ix-hidden:c67843235"><span style="-sec-ix-hidden:c67843251"><span style="-sec-ix-hidden:c67843252">four</span></span></span> each in Idaho, Montana and Washington, <span style="-sec-ix-hidden:c67843237"><span style="-sec-ix-hidden:c67843253"><span style="-sec-ix-hidden:c67843254"><span style="-sec-ix-hidden:c67843255">three</span></span></span></span> each in Arkansas, Nebraska, Nevada and North Dakota, <span style="-sec-ix-hidden:c67843238">two</span> in Wyoming, and <span style="-sec-ix-hidden:c67843240"><span style="-sec-ix-hidden:c67843256">one</span></span> in Minnesota and Louisiana. The Company also has a bulk food repackaging facility and distribution center in Colorado. The Company had 153 and 148 stores as of <em style="font: inherit;"> September 30, 2019 </em>and <em style="font: inherit;">2018,</em> respectively.</p>
CY2020Q3 us-gaap Number Of Stores
NumberOfStores
159 pure
CY2019Q3 us-gaap Number Of Stores
NumberOfStores
153 pure
CY2018Q3 us-gaap Number Of Stores
NumberOfStores
148 pure
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"/> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><i>Use of Estimates</i></p> <p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Management reviews its estimates on an ongoing basis, including those related to valuation of inventories, useful lives of long-lived assets for depreciation and amortization, impairment of finite-lived intangible, long-lived assets, and goodwill, lease assumptions, allowances for self-insurance reserves, deferred tax assets and liabilities and litigation based on currently available information. Changes in facts and circumstances <em style="font: inherit;"> may </em>result in revised estimates and actual results could differ from those estimates.</p>
CY2018 ngvc Asset Impairment Charges Excluding Store Closing Costs
AssetImpairmentChargesExcludingStoreClosingCosts
500000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
100000 USD
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><i>Concentration of Credit Risk</i></p> <p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">Financial instruments that potentially subject the Company to a concentration of credit risk consist primarily of investments in cash and cash equivalents. The Company’s cash and cash equivalent account balances, which are held in major financial institutions, exceeded the Federal Deposit Insurance Corporation’s federally insured limits by approximately $27.4 million as of <em style="font: inherit;"> September 30, 2020.</em></p> <p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </p>
CY2020Q3 us-gaap Cash Uninsured Amount
CashUninsuredAmount
27400000 USD
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
600000 USD
CY2019 us-gaap Asset Impairment Charges
AssetImpairmentCharges
400000 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2020 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
6600000 USD
CY2019 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
8200000 USD
CY2018 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
8200000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.243 pure
CY2018 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
-4300000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1036842000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
903582000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
849042000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
20009000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9416000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
12661000 USD
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22501779
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22424328
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22361898
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
75867
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
130275
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
51140
CY2020 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
22577646
CY2019 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
22554603
CY2018 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
22413038
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.89
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.57
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.89
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.56
CY2020Q3 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.07
CY2020Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000
CY2020Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
22546765
CY2020Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2020Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2020Q3 us-gaap Noncurrent Assets
NoncurrentAssets
1100000 USD
CY2020Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
500000 USD
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
600000 USD
CY2019Q3 us-gaap Noncurrent Assets
NoncurrentAssets
800000 USD
CY2019Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
400000 USD
CY2019 us-gaap Asset Impairment Charges
AssetImpairmentCharges
400000 USD
CY2018Q3 us-gaap Noncurrent Assets
NoncurrentAssets
1200000 USD
CY2018Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
700000 USD
CY2018 ngvc Asset Impairment Charges Excluding Store Closing Costs
AssetImpairmentChargesExcludingStoreClosingCosts
500000 USD
CY2020Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
353445000 USD
CY2019Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
388486000 USD
CY2020Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
205516000 USD
CY2019Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
186851000 USD
CY2020Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
147929000 USD
CY2019Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
201635000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
31193000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
28977000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
29430000 USD
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
600000 USD
CY2019 us-gaap Asset Impairment Charges
AssetImpairmentCharges
400000 USD
CY2018 ngvc Asset Impairment Charges Excluding Store Closing Costs
AssetImpairmentChargesExcludingStoreClosingCosts
500000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2378000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1592000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1256000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1085000 USD
CY2020Q3 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
3625000 USD
CY2019Q3 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
1972000 USD
CY2020Q3 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
389000 USD
CY2019Q3 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
389000 USD
CY2020Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
5270000 USD
CY2019Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3446000 USD
CY2020Q3 us-gaap Goodwill
Goodwill
5198000 USD
CY2019Q3 us-gaap Goodwill
Goodwill
5198000 USD
CY2020Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
10468000 USD
CY2019Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
8644000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
800000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
500000 USD
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100000 USD
CY2020 us-gaap Capitalized Computer Software Period Increase Decrease
CapitalizedComputerSoftwarePeriodIncreaseDecrease
2600000 USD
CY2019 us-gaap Capitalized Computer Software Period Increase Decrease
CapitalizedComputerSoftwarePeriodIncreaseDecrease
2300000 USD
CY2020Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
13569000 USD
CY2019Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
8447000 USD
CY2020Q3 ngvc Accrued Income Property Sales And Use Tax Payable
AccruedIncomePropertySalesAndUseTaxPayable
7912000 USD
CY2019Q3 ngvc Accrued Income Property Sales And Use Tax Payable
AccruedIncomePropertySalesAndUseTaxPayable
7761000 USD
CY2020Q3 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
407000 USD
CY2019Q3 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
477000 USD
CY2020Q3 ngvc Deferred Revenue Gift Cards
DeferredRevenueGiftCards
1819000 USD
CY2019Q3 ngvc Deferred Revenue Gift Cards
DeferredRevenueGiftCards
1410000 USD
CY2020Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1288000 USD
CY2019Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
966000 USD
CY2020Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
24995000 USD
CY2019Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
19061000 USD
CY2019Q3 ngvc Capital And Financing Lease Obligations Number Of Leases
CapitalAndFinancingLeaseObligationsNumberOfLeases
23 pure
CY2020Q3 ngvc Capital And Financing Lease Obligations Number Of Leases
CapitalAndFinancingLeaseObligationsNumberOfLeases
19 pure
CY2020 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
2200000 USD
CY2019 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
5200000 USD
CY2018 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
4700000 USD
CY2020 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
100000 USD
CY2019 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
300000 USD
CY2018 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
200000 USD
CY2020 us-gaap Lease Cost
LeaseCost
55270000 USD
CY2020 ngvc Additional Information Related To Leases
AdditionalInformationRelatedToLeases
<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 7.5%; margin-left: 7.5%; width: 85%; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px;"><tbody><tr style="vertical-align: bottom;"><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>September 30, 2020</b></b></p> </td><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 82%;"> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Cash paid for amounts included in the measurement of lease liabilities:</p> </td><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; margin-left: 18pt; text-indent: -9pt;">Operating cash flows from operating leases</p> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td><td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">44,281</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; margin-left: 18pt; text-indent: -9pt;">Operating cash flows from finance leases</p> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">1,792</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; margin-left: 18pt; text-indent: -9pt;">Financing cash flows from finance leases</p> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">2,271</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Right-of-use assets obtained in exchange for new lease liabilities:</p> </td><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; margin-left: 18pt; text-indent: -9pt;">Operating leases</p> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">13,204</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; margin-left: 18pt; text-indent: -9pt;">Finance leases</p> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">11,625</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Weighted-average remaining lease term (in years):</p> </td><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; margin-left: 18pt; text-indent: -9pt;">Operating leases</p> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">11.7</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; margin-left: 18pt; text-indent: -9pt;">Finance leases</p> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">12.5</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Weighted-average discount rate:</p> </td><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; margin-left: 18pt; text-indent: -9pt;">Operating leases</p> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">3.6</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">%</p> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; margin-left: 18pt; text-indent: -9pt;">Finance leases</p> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td><td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">5.1</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">%</p> </td></tr> </tbody></table>
CY2020 ngvc Operating Cash Flows From Operating Leases
OperatingCashFlowsFromOperatingLeases
44281000 USD
CY2020 ngvc Operating Cash Flows From Finance Leases
OperatingCashFlowsFromFinanceLeases
1792000 USD
CY2020 ngvc Financing Cash Flows From Finance Leases
FinancingCashFlowsFromFinanceLeases
2271000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
13204000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
11625000 USD
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y8M12D
CY2020Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P12Y6M
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.036 pure
CY2020Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.051 pure
CY2020 ngvc Increase Decrease In Operating Lease Liability For Purchase
IncreaseDecreaseInOperatingLeaseLiabilityForPurchase
2500000 USD
CY2020 ngvc Decrease In Operating Rightofuse Asset For Assets Transferred In Property And Equipment
DecreaseInOperatingRightofuseAssetForAssetsTransferredInPropertyAndEquipment
2400000 USD
CY2020Q3 ngvc Lessee Operating And Finance Lease Liability Payments Due Year Five
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFive
44300000 USD
CY2020Q3 ngvc Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
231374000 USD
CY2020Q3 ngvc Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
32453000 USD
CY2020Q3 ngvc Lessee Operating And Finance Lease Liability Payments Due After Year Four
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueAfterYearFour
263827000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
443116000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
57086000 USD
CY2020Q3 ngvc Lessee Operating And Finance Lease Liability Payments Due
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDue
500202000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
44428000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
4789000 USD
CY2020Q3 ngvc Lessee Operating And Finance Lease Liability Payments Due Next Twelve Months
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueNextTwelveMonths
49217000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
43894000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
4893000 USD
CY2020Q3 ngvc Lessee Operating And Finance Lease Liability Payments Due Year Two
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo
48787000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
43095000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
4937000 USD
CY2020Q3 ngvc Lessee Operating And Finance Lease Liability Payments Due Year Three
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearThree
48032000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
41037000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
5002000 USD
CY2020Q3 ngvc Lessee Operating And Finance Lease Liability Payments Due Year Four
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFour
46039000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
39288000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
5012000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
85319000 USD
CY2020Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
14744000 USD
CY2020Q3 ngvc Lessee Operating And Finance Lease Liability Imputed Interest
LesseeOperatingAndFinanceLeaseLiabilityImputedInterest
100063000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
357797000 USD
CY2020Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
42342000 USD
CY2020Q3 ngvc Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
400139000 USD
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
32156000 USD
CY2020Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
2836000 USD
CY2020Q3 ngvc Operating And Finance Lease Liability Current
OperatingAndFinanceLeaseLiabilityCurrent
34992000 USD
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
325641000 USD
CY2020Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
39506000 USD
CY2020Q3 ngvc Operating And Finance Lease Liability Noncurrent
OperatingAndFinanceLeaseLiabilityNoncurrent
365147000 USD
CY2020Q3 ngvc Lessee Operating Lease Lease Not Yet Commenced Minimum Lease Payments
LesseeOperatingLeaseLeaseNotYetCommencedMinimumLeasePayments
17600000 USD
CY2020Q3 ngvc Operating Leases Future Minimum Sublease Rentals Next Twelve Months
OperatingLeasesFutureMinimumSubleaseRentalsNextTwelveMonths
418000 USD
CY2020Q3 ngvc Operating Leases Future Minimum Payments Due Next Twelve Months Net
OperatingLeasesFutureMinimumPaymentsDueNextTwelveMonthsNet
48799000 USD
CY2020Q3 ngvc Operating Leases Future Minimum Sublease Rentals Due In Two Years
OperatingLeasesFutureMinimumSubleaseRentalsDueInTwoYears
424000 USD
CY2020Q3 ngvc Operating Leases Future Minimum Payments Due In Two Years Net
OperatingLeasesFutureMinimumPaymentsDueInTwoYearsNet
48363000 USD
CY2020Q3 ngvc Operating Leases Future Minimum Sublease Rentals Due In Three Years
OperatingLeasesFutureMinimumSubleaseRentalsDueInThreeYears
413000 USD
CY2020Q3 ngvc Operating Leases Future Minimum Payments Due In Three Years Net
OperatingLeasesFutureMinimumPaymentsDueInThreeYearsNet
47619000 USD
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
18080
CY2020Q3 ngvc Operating Leases Future Minimum Sublease Rentals Due In Four Years
OperatingLeasesFutureMinimumSubleaseRentalsDueInFourYears
257000 USD
CY2020Q3 ngvc Operating Leases Future Minimum Payments Due In Four Years Net
OperatingLeasesFutureMinimumPaymentsDueInFourYearsNet
45782000 USD
CY2020Q3 ngvc Operating Leases Future Minimum Sublease Rentals Due In Five Years
OperatingLeasesFutureMinimumSubleaseRentalsDueInFiveYears
238000 USD
CY2020Q3 ngvc Operating Leases Future Minimum Payments Due In Five Years Net
OperatingLeasesFutureMinimumPaymentsDueInFiveYearsNet
44062000 USD
CY2020Q3 ngvc Operating Leases Future Minimum Sublease Rentals Due Thereafter
OperatingLeasesFutureMinimumSubleaseRentalsDueThereafter
579000 USD
CY2020Q3 ngvc Operating Leases Future Minimum Payments Due Thereafter Net
OperatingLeasesFutureMinimumPaymentsDueThereafterNet
263249000 USD
CY2020Q3 ngvc Operating Leases Future Minimum Sublease Rentals Total
OperatingLeasesFutureMinimumSubleaseRentalsTotal
2329000 USD
CY2020Q3 ngvc Operating Leases Future Minimum Payments Due Net
OperatingLeasesFutureMinimumPaymentsDueNet
497874000 USD
CY2019Q3 ngvc Operating Leases Future Minimum Sublease Rentals Next Twelve Months
OperatingLeasesFutureMinimumSubleaseRentalsNextTwelveMonths
422000 USD
CY2019Q3 ngvc Operating Leases Future Minimum Payments Due Next Twelve Months Net
OperatingLeasesFutureMinimumPaymentsDueNextTwelveMonthsNet
42305000 USD
CY2019Q3 ngvc Operating Leases Future Minimum Sublease Rentals Due In Two Years
OperatingLeasesFutureMinimumSubleaseRentalsDueInTwoYears
418000 USD
CY2019Q3 ngvc Operating Leases Future Minimum Payments Due In Two Years Net
OperatingLeasesFutureMinimumPaymentsDueInTwoYearsNet
42124000 USD
CY2019Q3 ngvc Operating Leases Future Minimum Sublease Rentals Due In Three Years
OperatingLeasesFutureMinimumSubleaseRentalsDueInThreeYears
424000 USD
CY2019Q3 ngvc Operating Leases Future Minimum Payments Due In Three Years Net
OperatingLeasesFutureMinimumPaymentsDueInThreeYearsNet
41713000 USD
CY2019Q3 ngvc Operating Leases Future Minimum Sublease Rentals Due In Four Years
OperatingLeasesFutureMinimumSubleaseRentalsDueInFourYears
413000 USD
CY2019Q3 ngvc Operating Leases Future Minimum Payments Due In Four Years Net
OperatingLeasesFutureMinimumPaymentsDueInFourYearsNet
40818000 USD
CY2019Q3 ngvc Operating Leases Future Minimum Sublease Rentals Due In Five Years
OperatingLeasesFutureMinimumSubleaseRentalsDueInFiveYears
257000 USD
CY2019Q3 ngvc Operating Leases Future Minimum Payments Due In Five Years Net
OperatingLeasesFutureMinimumPaymentsDueInFiveYearsNet
38811000 USD
CY2019Q3 ngvc Operating Leases Future Minimum Sublease Rentals Due Thereafter
OperatingLeasesFutureMinimumSubleaseRentalsDueThereafter
772000 USD
CY2019Q3 ngvc Operating Leases Future Minimum Payments Due Thereafter Net
OperatingLeasesFutureMinimumPaymentsDueThereafterNet
263376000 USD
CY2019Q3 ngvc Operating Leases Future Minimum Sublease Rentals Total
OperatingLeasesFutureMinimumSubleaseRentalsTotal
2706000 USD
CY2019Q3 ngvc Operating Leases Future Minimum Payments Due Net
OperatingLeasesFutureMinimumPaymentsDueNet
469147000 USD
CY2020 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
54600000 USD
CY2019 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
51600000 USD
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
48800000 USD
CY2020 ngvc Pre Opening Costs And Relocation Expenses For Stores Not Yet Opened Rent Expense
PreOpeningCostsAndRelocationExpensesForStoresNotYetOpenedRentExpense
200000 USD
CY2019 ngvc Pre Opening Costs And Relocation Expenses For Stores Not Yet Opened Rent Expense
PreOpeningCostsAndRelocationExpensesForStoresNotYetOpenedRentExpense
300000 USD
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0.10

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