Natural Grocers by Vitamin Cottage (NGVC) 10-Q 1 Aug 19 2019 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Jun. 30, 2019	Jul. 29, 2019
Document Information [Line Items]
Entity Registrant Name	Natural Grocers by Vitamin Cottage, Inc.
Entity Central Index Key	0001547459
Trading Symbol	ngvc
Current Fiscal Year End Date	--09-30
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Common Stock, Shares Outstanding (in shares)		22,454,205
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false
Title of 12(b) Security	Common Stock

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Current assets:
Cash and cash equivalents	$ 11,659	$ 9,398
Accounts receivable, net	3,956	4,738
Merchandise inventory	96,092	94,228
Prepaid expenses and other current assets	3,298	2,590
Total current assets	115,005	110,954
Property and equipment, net	195,499	188,768
Other assets:
Deposits and other assets	1,666	1,682
Goodwill and other intangible assets, net	8,122	5,648
Deferred financing costs, net	21	31
Total other assets	9,809	7,361
Total assets	320,313	307,083
Current liabilities:
Accounts payable	61,025	61,104
Accrued expenses	19,203	17,851
Capital and financing lease obligations, current portion	983	736
Total current liabilities	81,211	79,691
Long-term liabilities:
Capital and financing lease obligations, net of current portion	49,245	40,406
Revolving credit facility	10,092	13,192
Deferred income tax liabilities, net	5,047	6,447
Deferred compensation		688
Deferred rent	11,323	11,038
Leasehold incentives	8,074	8,895
Total long-term liabilities	83,781	80,666
Total liabilities	164,992	160,357
Commitments (Notes 7 and 13)
Stockholders’ equity:
Common stock, $0.001 par value, 50,000,000 shares authorized, 22,510,279 shares issued at June 30, 2019 and September 30, 2018 and 22,454,205 and 22,373,382 outstanding at June 30, 2019 and September 30, 2018, respectively	23	23
Additional paid-in capital	56,162	56,236
Retained earnings	99,562	91,507
Common stock in treasury at cost, 56,074 and 136,897 shares, at June 30, 2019 and September 30, 2018, respectively	(426)	(1,040)
Total stockholders’ equity	155,321	146,726
Total liabilities and stockholders’ equity	$ 320,313	$ 307,083

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Jun. 30, 2019	Sep. 30, 2018
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	22,510,279	22,510,279
Common stock, shares outstanding (in shares)	22,454,205	22,373,382
Treasury stock, shares (in shares)	56,074	136,897

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Net sales	$ 224,411	$ 213,130	$ 676,373	$ 631,521
Cost of goods sold and occupancy costs	165,986	156,299	496,588	463,250
Gross profit	58,425	56,831	179,785	168,271
Store expenses	48,424	47,000	147,722	138,646
Administrative expenses	5,953	5,630	17,029	16,345
Pre-opening and relocation expenses	213	443	1,042	1,683
Operating income	3,835	3,758	13,992	11,597
Interest expense, net	(1,256)	(1,170)	(3,791)	(3,381)
Income before income taxes	2,579	2,588	10,201	8,216
(Provision for) benefit from income taxes	(581)	(597)	(2,146)	2,360
Net income	$ 1,998	$ 1,991	$ 8,055	$ 10,576
Net income per common share:
Basic (in dollars per share)	$ 0.09	$ 0.09	$ 0.36	$ 0.47
Diluted (in dollars per share)	$ 0.09	$ 0.09	$ 0.36	$ 0.47
Weighted average number of shares of common stock outstanding:
Basic (in shares)	22,438,657	22,364,397	22,412,662	22,359,427
Diluted (in shares)	22,525,287	22,497,066	22,564,705	22,439,890

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		9 Months Ended
		Jun. 30, 2019	Jun. 30, 2018
Operating activities:
Net income		$ 8,055	$ 10,576
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		21,783	22,169
Gain on disposal of property and equipment		(158)	(23)
Share-based compensation		920	547
Deferred income tax benefit		(1,400)	(3,738)
Non-cash interest expense		10	11
Changes in operating assets and liabilities
Accounts receivable, net		782	(30)
Merchandise inventory		(1,864)	(3,635)
Prepaid expenses and other assets(1)	[1]	(430)	(1,186)
Income tax receivable(1)	[1]	(298)	1,082
Accounts payable		767	759
Accrued expenses		1,352	3,467
Deferred compensation		(688)	(554)
Deferred rent and leasehold incentives		(536)	861
Net cash provided by operating activities		28,295	30,306
Investing activities:
Acquisition of property and equipment(1)	[1]	(20,817)	(16,643)
Acquisition of other intangibles(1)	[1]	(2,036)	(30)
Proceeds from sale of property and equipment		833	34
Proceeds from property insurance settlements		32	124
Net cash used in investing activities		(21,988)	(16,515)
Financing activities:
Borrowings under credit facility		297,900	279,900
Repayments under credit facility		(301,000)	(292,000)
Capital and financing lease obligations payments		(566)	(416)
Repurchases of common stock			(581)
Payments on withholding tax for restricted stock unit vesting		(380)	(11)
Net cash used in financing activities		(4,046)	(13,108)
Net increase in cash and cash equivalents		2,261	683
Cash and cash equivalents, beginning of period		9,398	6,521
Cash and cash equivalents, end of period		11,659	7,204
Supplemental disclosures of cash flow information:
Cash paid for interest		603	654
Cash paid for interest on capital and financing lease obligations, net of capitalized interest of $117 and $105, respectively		3,169	2,670
Income taxes paid		4,733	508
Deferred compensation paid		700	700
Supplemental disclosures of non-cash investing and financing activities:
Acquisition of property and equipment not yet paid		4,408	3,446
Property acquired through capital and financing lease obligations		$ 9,651	$ 8,204
[1]	Certain prior year amounts have been separated for consistency with current year presentation.

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Unaudited) (Parentheticals) - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Capitalized interest	$ 117	$ 105

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock Outstanding [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Total
Balance (in shares) at Sep. 30, 2017	22,448,056
Balance at Sep. 30, 2017		$ 23	$ 55,678	$ 78,846	$ (664)	$ 133,883
Net income				5,181		5,181
Share-based compensation (in shares)	1,226
Share-based compensation			147		9	156
Repurchase of common stock (in shares)	(101,573)
Repurchase of common stock					(581)	(581)
Balance (in shares) at Dec. 31, 2017	22,347,709
Balance at Dec. 31, 2017		23	55,825	84,027	(1,236)	138,639
Balance (in shares) at Sep. 30, 2017	22,448,056
Balance at Sep. 30, 2017		23	55,678	78,846	(664)	133,883
Net income						10,576
Repurchase of common stock (in shares)	(101,573)
Balance (in shares) at Jun. 30, 2018	22,373,382
Balance at Jun. 30, 2018		23	56,077	89,422	(1,108)	144,414
Balance (in shares) at Dec. 31, 2017	22,347,709
Balance at Dec. 31, 2017		23	55,825	84,027	(1,236)	138,639
Net income				3,404		3,404
Share-based compensation (in shares)	16,571
Share-based compensation			69		127	196
Balance (in shares) at Mar. 31, 2018	22,364,280
Balance at Mar. 31, 2018		23	55,894	87,431	(1,109)	142,239
Net income				1,991		1,991
Share-based compensation (in shares)	9,102
Share-based compensation			183		1	184
Balance (in shares) at Jun. 30, 2018	22,373,382
Balance at Jun. 30, 2018		23	56,077	89,422	(1,108)	144,414
Balance (in shares) at Sep. 30, 2018	22,373,382
Balance at Sep. 30, 2018		23	56,236	91,507	(1,040)	146,726
Net income				2,197		2,197
Share-based compensation (in shares)	18,928
Share-based compensation			101		144	245
Balance (in shares) at Dec. 31, 2018	22,392,310
Balance at Dec. 31, 2018		23	56,337	93,704	(896)	149,168
Balance (in shares) at Sep. 30, 2018	22,373,382
Balance at Sep. 30, 2018		23	56,236	91,507	(1,040)	146,726
Net income						$ 8,055
Repurchase of common stock (in shares)						0
Balance (in shares) at Jun. 30, 2019	22,454,205
Balance at Jun. 30, 2019		23	56,162	99,562	(426)	$ 155,321
Balance (in shares) at Dec. 31, 2018	22,392,310
Balance at Dec. 31, 2018		23	56,337	93,704	(896)	149,168
Net income				3,860		3,860
Share-based compensation (in shares)	39,243
Share-based compensation			(145)		298	153
Balance (in shares) at Mar. 31, 2019	22,431,553
Balance at Mar. 31, 2019		23	56,192	97,564	(598)	153,181
Net income				1,998		1,998
Share-based compensation (in shares)	22,652
Share-based compensation			(30)		172	142
Balance (in shares) at Jun. 30, 2019	22,454,205
Balance at Jun. 30, 2019		$ 23	$ 56,162	$ 99,562	$ (426)	$ 155,321

Note 1 - Organization

Note 1 - Organization	9 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Nature of Operations [Text Block]	1. Organization Nature of Business 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 Natural Grocers by Vitamin Cottage June 30, 2019, 152 19 148 19 September 30, 2018.

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Basis of Presentation and Significant Accounting Policies [Text Block]	2. Consolidated Financial Statements The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial statements and are in the form prescribed by Article 10 of Regulation S- X. Accordingly, they do not include all of the information and footnotes required by GAAP for annual financial statements. The information included in this Form 10 -Q should be read in conjunction with Item 7 – “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the consolidated financial statements and notes thereto included in the Form 10 -K. The accompanying unaudited consolidated financial statements reflect all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation of the Company’s financial results. Interim results are not necessarily indicative of results for any other interim period or for a full fiscal year. The Company reports its results of operations on a fiscal year ending September 30. The accompanying unaudited consolidated financial statements include all the accounts of the holding company’s wholly owned subsidiaries, Vitamin Cottage Natural Food Markets, Inc. (the operating company) and Vitamin Cottage Two Ltd. Liability Company ( VC2 ). All significant intercompany balances and transactions have been eliminated in consolidation. The Company has one reporting segment: natural and organic retail stores. Sales from the Company’s natural and organic retail stores are derived from sales of the following product categories, which are presented as a percentage of sales for the three and nine months ended June 30, 2019 and 2018, as follows: Three months ended June 30 , Nine months ended June 30 , 2019 2018 2019 2018 Grocery 69 % 68 68 67 Dietary supplements 21 21 21 22 Other 10 11 11 11 100 % 100 100 100 Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities (including the fair value of assets acquired and liabilities assumed in a business combination), the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management reviews its estimates on an ongoing basis, including those related to: allowances for self-insurance reserves; valuation of inventories; useful lives of property and equipment for depreciation and amortization; impairment of finite-lived intangible assets, long-lived assets, and goodwill; lease assumptions; and litigation based on currently available information. Changes in facts and circumstances may result in revised estimates and actual results could differ from those estimates. U.S. Tax Reform On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the Tax Reform Act). The Tax Reform Act significantly revised the ongoing federal income tax by, among other things, lowering U.S. corporate income tax rates effective January 1, 2018. The Company has a U.S. federal income tax rate of 21.0% for the fiscal year ending September 30, 2019. The Tax Reform Act resulted in a blended U.S. federal income tax rate of approximately 24.3% for the fiscal year ended September 30, 2018. Remeasurement of the Company’s deferred tax balance under the Tax Reform Act resulted in a non-cash tax benefit of approximately $4.3 million for the nine months ended June 30, 2018 and the fiscal year ended September 30, 2018. Recently Adopted Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014 - 09, “Revenue from Contracts with Customers,” Topic 606, “Revenue from Contracts with Customers” (ASU 2014 - 09 ). ASU 2014 - 09 provides guidance for revenue recognition and replaces most existing revenue recognition guidance in GAAP. ASU 2014 - 09’s core principle is that a company recognizes revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled for the transfer of those goods or services. The Company adopted this ASU and related amendments on October 1, 2018, using the modified retrospective approach. Additionally, upon adoption of this ASU, the Company elected the following practical expedients: - ASU 2016 - 09, pursuant to which the incremental costs of obtaining a contract are recognized as an expense when incurred if the amortization period of the asset that the entity otherwise would have recognized is one year or less. - ASU 2016 - 12, pursuant to which sales taxes and other similar taxes collected from customers are presented net of sales. - ASU 2016 - 20, pursuant to which the transaction price allocated to performance obligations is not disclosed when the related contract has a duration of one year or less. Updated accounting policies and other disclosures are discussed below in Recent Accounting Pronouncements in this Note 2. The adoption of ASU 2014 - 09 did not have a material impact on the Company’s consolidated financial statements for the three or nine months ended June 30, 2019. Recent Accounting Pronouncements Update In January 2017, the FASB issued ASU 2017 - 04, “Simplifying the Test for Goodwill Impairment,” Topic 350, “Intangibles – Goodwill and Other” (ASU 2017 - 04 ). The amendments in ASU 2017 - 04 simplify the accounting for goodwill impairment for all entities by requiring impairment charges to be based on the first step in the current two -step impairment test. An impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value should be recognized; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The amendments should be applied on a prospective basis. Early adoption is permitted for annual and interim goodwill impairment testing dates after January 1, 2017, and the ASU is effective for the Company’s first quarter of the fiscal year ending September 30, 2020. The Company is currently evaluating the impact that the adoption of these provisions will have on its consolidated financial statements. In February 2016, the FASB issued ASU 2016 - 02, “Leases,” Topic 842, “Leases” (ASU 2016 - 02 ). ASU No. 2016 - 02 requires lessees to recognize a right-of-use asset and corresponding lease liability for all leases with terms of more than 12 months. Recognition, measurement and presentation of expenses will depend on classification as a finance or operating lease. ASU 2016 - 02 also requires certain quantitative and qualitative disclosures. The provisions of ASU 2016 - 02 are effective for the Company’s first quarter of the fiscal year ending September 30, 2020, with early adoption permitted. The Company will apply the transition provisions of ASU 2016 - 02 at its adoption date, whereby prior periods will continue to be reported in accordance with the historical accounting guidance then in effect, as permitted by ASU 2018 - 11, “Leases,” Topic 842, “Targeted Improvements,” released in July 2018. In January 2018, the FASB issued ASU 2018 - 01, “Leases,” Topic 842, “Land Easement Practical Expedient for Transition to Topic 842” (ASU 2018 - 01 ). ASU 2018 - 01 permits an entity to elect a transition practical expedient to not assess, under Accounting Standards Codification (ASC) 842, land easements that exist or expired before the standard’s effective date that were not previously accounted for as leases under ASC 840. The Company plans to elect this practical expedient in implementing ASU 2016 - 02. Furthermore, the Company plans to elect the package of practical expedients permitted under the transition guidance with the new standard, which among other things, permits companies not to reassess prior conclusions about lease identification, lease classification and initial direct costs. While the Company is still evaluating all the other effects the adoption of ASU 2016 - 02 will have on its consolidated financial statements, including implementing process changes required to support the adoption of this standard and implementing new software solutions, the Company expects the adoption of ASU 2016 - 02 will result in a material increase in lease liabilities and right-of-use assets on the Company’s consolidated balance sheet. In addition, the Company anticipates that the transition of several of its financing leases to operating leases under the new standard will result in an increase in rent expense, partially offset by reductions to depreciation and interest expense. However, the Company does not expect that the adoption of ASU 2016 - 02 will have an impact on the Company’s cash flows. In June 2018, the FASB issued ASU 2018 - 07, “Compensation-Stock Compensation,” Topic 718, “Improvements to Nonemployee Share-Based Payment Accounting” (ASU 2018 - 07 ) as part of its Simplification Initiative to reduce complexity when accounting for share-based payments to non-employees. ASU 2018 - 07 expands the scope of Topic 718 to more closely align share-based payment transactions for acquiring goods and services from non-employees with the accounting for share-based payments to employees, with certain exceptions. The provisions of ASU 2018 - 07 are effective for the Company’s first quarter of the fiscal year ending September 30, 2020, with early adoption permitted. This ASU is not expected to have an impact on the Company’s consolidated financial statements.

Note 3 - Revenue Recognition

Note 3 - Revenue Recognition	9 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	3. Revenue Recognition The nature of the goods the Company transfers to customers at the point of sale consists of merchandise purchased for resale. In these transactions, the Company acts as a principal and recognizes revenue (net sales) from the sale of goods when control of the promised goods is transferred to the customer. Control refers to the ability of the customer to direct the use of, and obtain substantially all the remaining benefits from, the transferred goods. The Company’s performance obligations are satisfied upon the transfer of goods to the customer (at the point of sale), and payment from the customer is also due at that time. Transaction prices are considered fixed. Discounts provided to customers at the point of sale are recognized as a reduction in revenue as the goods are sold. Revenue excludes sales and usage-based taxes collected. Proceeds from the sale of gift cards are recorded as a liability at the time of sale and recognized as revenue when the gift cards are redeemed by the customer and the performance obligation is satisfied by the Company. The Company also recognizes revenue for a portion of gift card values that is not not As of each June 30, 2019 September 30, 2018, $1.0 three June 30, 2019 $0.1 September 30, 2018. nine June 30, 2019 $0.6 September 30, 2018. The following table disaggregates our revenue by product category for the three nine June 30, 2019 2018, Three months ended June 30 , Nine months ended June 30 , 2019 2018 2019 2018 Grocery $ 154,383 145,215 463,486 425,783 Dietary supplements 46,240 45,112 141,724 137,508 Other 23,788 22,803 71,163 68,230 $ 224,411 213,130 676,373 631,521

Note 4 - Earnings Per Share

Note 4 - Earnings Per Share	9 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Earnings Per Share [Text Block]	4 . Earnings Per Share Basic earnings per share (EPS) is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted EPS reflects the potential dilution that could occur if the Company’s granted but unvested restricted stock units (RSUs) were to vest, resulting in the issuance of common stock that would then share in the Company’s earnings. Presented below are basic and diluted EPS for the three nine June 30, 2019 2018, Three months ended June 30 , Nine months ended June 30 , 201 9 201 8 201 9 201 8 Net income $ 1,998 1,991 8,055 10,576 Weighted average number of shares of common stock outstanding 22,438,657 22,364,397 22,412,662 22,359,427 Effect of dilutive securities 86,630 132,669 152,043 80,463 Weighted average number of shares of common stock outstanding including effect of dilutive securities 22,525,287 22,497,066 22,564,705 22,439,890 Basic earnings per share $ 0.09 0.09 0.36 0.47 Diluted earnings per share $ 0.09 0.09 0.36 0.47 There were 124,102 42,584 three nine June 30, 2019, 45,819 219,859 three nine June 30, 2018, The Company did not three nine June 30, 2019 2018.

Note 5 - Debt

Note 5 - Debt	9 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Debt and Capital Leases Disclosures [Text Block]	5 . Debt Credit Facility On January 28, 2016, VC2. $50.0 $5.0 January 31, 2021. The Credit Facility requires compliance with certain customary operational and financial covenants, including a leverage ratio. The Credit Facility also contains certain other customary limitations on the Company’s ability to incur additional debt, guarantee other obligations, grant liens on assets and make investments or acquisitions, among other limitations. Additionally, the Credit Facility prohibits the payment of cash dividends to the holding company from the operating company without the administrative agent’s consent, except when no no not $10.0 The Company had $10.1 $13.2 June 30, 2019 September 30, 2018, June 30, 2019 September 30, 2018, $1.0 $38.9 $35.8 June 30, 2019 September 30, 2018, As of June 30, 2019 September 30, 2018, Capital and Financing Lease Obligations The Company had 22 20 June 30, 2019 September 30, 2018, 7 No Interest The Company incurred gross interest expense of approximately $1.3 $1.2 three June 30, 2019 2018, $3.9 $3.5 nine June 30, 2019 2018, three nine June 30, 2019 2018 $0.1 $0.1 three June 30, 2019 2018, $ 0.1 nine June 30, 2019 2018.

Note 6 - Stockholders' Equity

Note 6 - Stockholders' Equity	9 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	6 . S tock holders’ Equity Share Repurchases On May 4, 2016, two may $10.0 May 2, 2018, two May 4, 2020. 10b 18 1934, may 10b5 1 not may Prior to October 1, 2018, 199,543 not nine June 30, 2019. nine June 30, 2018, 101,573 may $8.3 Prior to October 1, 2018, 62,646 $0.6 three nine June 30, 2019, 22,652 $0.2 80,823 $0.6 three nine June 30, 2018, 197 17,994 $0.1 $0.1 June 30, 2019 September 30, 2018, 56,074 136,897 $0.4 $1.0

Note 7 - Lease Commitments

Note 7 - Lease Commitments	9 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Leases of Lessee Disclosure [Text Block]	7 . Lease Commitments Capital and financing lease obligations as of June 30, 2019 September 30, 2018, As of June 30 , 201 9 September 30, 201 8 Capital lease finance obligations, due in monthly installments through fiscal year 2034 $ 39,538 32,523 Capital lease obligations, due in monthly installments through fiscal year 2041 6,050 4,763 Capital lease finance obligations for assets under construction, due in monthly installments through fiscal year 2034 — 2,350 Capital lease obligations for assets under construction, due in monthly installments through fiscal year 2039 4,640 1,506 Total capital and financing lease obligations 50,228 41,142 Less current portion (983 ) (736 ) Total capital and financing lease obligations, net of current portion $ 49,245 40,406

Note 8 - Property and Equipment

Note 8 - Property and Equipment	9 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	8 . Property and Equipment The Company had the following property and equipment balances as of June 30, 2019 September 30, 2018, As of Useful lives (in years) June 30 , 201 9 September 30, 201 8 Construction in process n/a $ 7,921 15,879 Capitalized real estate leases for build-to-suit stores, including unamortized land of $617 and $617, respectively 40 42,320 35,700 Capitalized real estate leases 15 7,241 5,735 Land n/a 1,230 192 Buildings 40 23,565 19,262 Land improvements 5 – 24 1,392 1,016 Leasehold and building improvements 1 – 25 142,216 131,474 Fixtures and equipment 5 – 7 129,511 122,984 Computer hardware and software 3 – 5 21,485 21,181 376,881 353,423 Less accumulated depreciation and amortization (181,382 ) (164,655 ) Property and equipment, net $ 195,499 188,768 Capitalized real estate leases for build-to-suit stores includes the assets for the Company’s buildings under capital lease finance obligations, and capitalized real estate leases includes assets for the Company’s buildings under capital lease obligations (see Note 7 Depreciation and amortization expense for the three nine June 30, 2019 2018 Three months ended June 30 , Nine months ended June 30 , 2019 2018 2019 2018 Depreciation and amortization expense included in cost of goods sold and occupancy costs $ 184 193 551 585 Depreciation and amortization expense included in store expenses 6,626 6,789 20,316 20,474 Depreciation and amortization expense included in administrative expenses 397 362 916 1,110 Total depreciation and amortization expense $ 7,207 7,344 21,783 22,169

Note 9 - Goodwill and Other Int

Note 9 - Goodwill and Other Intangible Assets	9 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	9 . Goodwill and Other Intangible Assets The Company had the following goodwill and other intangible asset balances as of June 30, 2019 September 30, 2018, Useful lives As of (in years) June 30 , 2019 September 30, 2018 Amortizable intangible assets: Other intangibles 0.5 - 3 $ 2,540 138 Amortizable intangible assets 2,540 138 Less accumulated amortization (1,446 ) (77 ) Amortizable intangible assets, net 1,094 61 Other intangibles in process 1,441 — Trademark Indefinite 389 389 Total other intangibles, net 2,924 450 Goodwill Indefinite 5,198 5,198 Total goodwill and other intangibles, net $ 8,122 5,648

Note 10 - Accrued Expenses

Note 10 - Accrued Expenses	9 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	10 . Accrued Expenses The composition of accrued expenses as of June 30, 2019 September 30, 2018 As of June 30 , September 30, 2019 2018 Accrued property, sales and use tax payable $ 6,127 7,043 Income tax payable — 903 Payroll and employee-related expenses 10,376 6,992 Accrued marketing expenses 331 335 Deferred revenue related to gift card sales 1,143 1,453 Other 1,226 1,125 Total accrued expenses $ 19,203 17,851

Note 11 - Income Taxes

Note 11 - Income Taxes	9 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Income Tax Disclosure [Text Block]	1 1 . Income Taxes Income taxes are accounted for in accordance with the provisions of ASC 740. Remeasurement of the Company’s deferred tax balance as a result of the Tax Reform Act resulted in a non-cash tax benefit of approximately $4.3 nine June 30, 2018.

Note 12 - Related Party Transac

Note 12 - Related Party Transactions	9 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	1 2 . Related Party Transactions The Company has ongoing relationships with related entities as noted below: Chalet Properties, LLC: five one four $0.3 three June 30, 2019 2018. $0.9 nine June 30, 2019 2018. Isely Family Land Trust LLC: one $0.1 three June 30, 2019 2018. $0.2 nine June 30, 2019 2018. FTVC LLC: one four $0.1 three June 30, 2019 2018. $0.1 nine June 30, 2019 2018.

Note 13 - Commitments and Conti

Note 13 - Commitments and Contingencies	9 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	1 3 . Commitments and Contingencies The Company is periodically involved in various legal proceedings that are incidental to the conduct of its business, including but not may not

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Consolidated Financial Statements The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial statements and are in the form prescribed by Article 10 X. not 10 7 10 not September 30. The accompanying unaudited consolidated financial statements include all the accounts of the holding company’s wholly owned subsidiaries, Vitamin Cottage Natural Food Markets, Inc. (the operating company) and Vitamin Cottage Two Ltd. Liability Company ( VC2 The Company has one three nine June 30, 2019 2018, Three months ended June 30 , Nine months ended June 30 , 2019 2018 2019 2018 Grocery 69 % 68 68 67 Dietary supplements 21 21 21 22 Other 10 11 11 11
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities (including the fair value of assets acquired and liabilities assumed in a business combination), the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management reviews its estimates on an ongoing basis, including those related to: allowances for self-insurance reserves; valuation of inventories; useful lives of property and equipment for depreciation and amortization; impairment of finite-lived intangible assets, long-lived assets, and goodwill; lease assumptions; and litigation based on currently available information. Changes in facts and circumstances may
Income Tax, Policy [Policy Text Block]	U.S. Tax Reform On December 22, 2017, January 1, 2018. 21.0% September 30, 2019. 24.3% September 30, 2018. $4.3 nine June 30, 2018 September 30, 2018.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Adopted Accounting Pronouncements In May 2014, 2014 09, 606, 2014 09 2014 09 2014 09’s October 1, 2018, - ASU 2016 09, one - ASU 2016 12, - ASU 2016 20, not one Updated accounting policies and other disclosures are discussed below in Recent Accounting Pronouncements 2. 2014 09 not three nine June 30, 2019. Recent Accounting Pronouncements In January 2017, 2017 04, 350, 2017 04 2017 04 first two not January 1, 2017, first September 30, 2020. In February 2016, 2016 02, 842, 2016 02 No. 2016 02 12 2016 02 2016 02 first September 30, 2020, 2016 02 2018 11, 842, July 2018. In January 2018, 2018 01, 842, 842” 2018 01 2018 01 not 842, not 840. 2016 02. Furthermore, the Company plans to elect the package of practical expedients permitted under the transition guidance with the new standard, which among other things, permits companies not While the Company is still evaluating all the other effects the adoption of ASU 2016 02 2016 02 not 2016 02 In June 2018, 2018 07, 718, 2018 07 2018 07 718 2018 07 first September 30, 2020, not

Note 2 - Basis of Presentatio_2

Note 2 - Basis of Presentation and Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Product Information [Table Text Block]	Three months ended June 30 , Nine months ended June 30 , 2019 2018 2019 2018 Grocery 69 % 68 68 67 Dietary supplements 21 21 21 22 Other 10 11 11 11 100 % 100 100 100

Note 3 - Revenue Recognition (T

Note 3 - Revenue Recognition (Tables)	9 Months Ended
	Jun. 30, 2019
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three months ended June 30 , Nine months ended June 30 , 2019 2018 2019 2018 Grocery $ 154,383 145,215 463,486 425,783 Dietary supplements 46,240 45,112 141,724 137,508 Other 23,788 22,803 71,163 68,230 $ 224,411 213,130 676,373 631,521

Note 4 - Earnings Per Share (Ta

Note 4 - Earnings Per Share (Tables)	9 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three months ended June 30 , Nine months ended June 30 , 201 9 201 8 201 9 201 8 Net income $ 1,998 1,991 8,055 10,576 Weighted average number of shares of common stock outstanding 22,438,657 22,364,397 22,412,662 22,359,427 Effect of dilutive securities 86,630 132,669 152,043 80,463 Weighted average number of shares of common stock outstanding including effect of dilutive securities 22,525,287 22,497,066 22,564,705 22,439,890 Basic earnings per share $ 0.09 0.09 0.36 0.47 Diluted earnings per share $ 0.09 0.09 0.36 0.47

Note 7 - Lease Commitments (Tab

Note 7 - Lease Commitments (Tables)	9 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Debt [Table Text Block]	As of June 30 , 201 9 September 30, 201 8 Capital lease finance obligations, due in monthly installments through fiscal year 2034 $ 39,538 32,523 Capital lease obligations, due in monthly installments through fiscal year 2041 6,050 4,763 Capital lease finance obligations for assets under construction, due in monthly installments through fiscal year 2034 — 2,350 Capital lease obligations for assets under construction, due in monthly installments through fiscal year 2039 4,640 1,506 Total capital and financing lease obligations 50,228 41,142 Less current portion (983 ) (736 ) Total capital and financing lease obligations, net of current portion $ 49,245 40,406

Note 8 - Property and Equipme_2

Note 8 - Property and Equipment (Tables)	9 Months Ended
	Jun. 30, 2019
Notes Tables
Property, Plant and Equipment [Table Text Block]	As of Useful lives (in years) June 30 , 201 9 September 30, 201 8 Construction in process n/a $ 7,921 15,879 Capitalized real estate leases for build-to-suit stores, including unamortized land of $617 and $617, respectively 40 42,320 35,700 Capitalized real estate leases 15 7,241 5,735 Land n/a 1,230 192 Buildings 40 23,565 19,262 Land improvements 5 – 24 1,392 1,016 Leasehold and building improvements 1 – 25 142,216 131,474 Fixtures and equipment 5 – 7 129,511 122,984 Computer hardware and software 3 – 5 21,485 21,181 376,881 353,423 Less accumulated depreciation and amortization (181,382 ) (164,655 ) Property and equipment, net $ 195,499 188,768
Depreciation and Amortization Expense [Table Text Block]	Three months ended June 30 , Nine months ended June 30 , 2019 2018 2019 2018 Depreciation and amortization expense included in cost of goods sold and occupancy costs $ 184 193 551 585 Depreciation and amortization expense included in store expenses 6,626 6,789 20,316 20,474 Depreciation and amortization expense included in administrative expenses 397 362 916 1,110 Total depreciation and amortization expense $ 7,207 7,344 21,783 22,169

Note 9 - Goodwill and Other I_2

Note 9 - Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Intangible Assets and Goodwill [Table Text Block]	Useful lives As of (in years) June 30 , 2019 September 30, 2018 Amortizable intangible assets: Other intangibles 0.5 - 3 $ 2,540 138 Amortizable intangible assets 2,540 138 Less accumulated amortization (1,446 ) (77 ) Amortizable intangible assets, net 1,094 61 Other intangibles in process 1,441 — Trademark Indefinite 389 389 Total other intangibles, net 2,924 450 Goodwill Indefinite 5,198 5,198 Total goodwill and other intangibles, net $ 8,122 5,648

Note 10 - Accrued Expenses (Tab

Note 10 - Accrued Expenses (Tables)	9 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	As of June 30 , September 30, 2019 2018 Accrued property, sales and use tax payable $ 6,127 7,043 Income tax payable — 903 Payroll and employee-related expenses 10,376 6,992 Accrued marketing expenses 331 335 Deferred revenue related to gift card sales 1,143 1,453 Other 1,226 1,125 Total accrued expenses $ 19,203 17,851

Note 1 - Organization (Details

Note 1 - Organization (Details Textual)	Jun. 30, 2019	Sep. 30, 2018
Number of Stores	152	148
Number of States in which Entity Operates	19	19

Note 2 - Basis of Presentatio_3

Note 2 - Basis of Presentation and Summary of Significant Accounting Policies (Details Textual) $ in Millions	9 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018USD ($)	Sep. 30, 2019	Sep. 30, 2018USD ($)
Number of Reportable Segments	1
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent				24.30%
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability		$ (4.3)		$ (4.3)
Forecast [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			21.00%

Note 2 - Basis of Presentatio_4

Note 2 - Basis of Presentation and Summary of Significant Accounting Policies - Sales From Natural and Organic Retail Stores (Details)	3 Months Ended		9 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Sales percentage	100.00%	100.00%	100.00%	100.00%
Grocery [Member]
Sales percentage	69.00%	68.00%	68.00%	67.00%
Dietary Supplements [Member]
Sales percentage	21.00%	21.00%	21.00%	22.00%
Other [Member]
Sales percentage	10.00%	11.00%	11.00%	11.00%

Note 3 - Revenue Recognition (D

Note 3 - Revenue Recognition (Details Textual) - Gift Cards [Member] - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Jun. 30, 2019	Jun. 30, 2019	Sep. 30, 2018
Contract with Customer, Liability, Total	$ 1	$ 1	$ 1
Contract with Customer, Liability, Revenue Recognized	$ 0.1	$ 0.6

Note 3 - Revenue Recognition -

Note 3 - Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Net sales	$ 224,411	$ 213,130	$ 676,373	$ 631,521
Grocery [Member]
Net sales	154,383	145,215	463,486	425,783
Dietary Supplements [Member]
Net sales	46,240	45,112	141,724	137,508
Manufactured Product, Other [Member]
Net sales	$ 23,788	$ 22,803	$ 71,163	$ 68,230

Note 4 - Earnings Per Share (De

Note 4 - Earnings Per Share (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Dividends, Total	$ 0	$ 0	$ 0	$ 0
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	124,102	45,819	42,584	219,859

Note 4 - Earnings Per Share - B

Note 4 - Earnings Per Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Net income	$ 1,998	$ 1,991	$ 8,055	$ 10,576
Weighted average number of shares of common stock outstanding (in shares)	22,438,657	22,364,397	22,412,662	22,359,427
Effect of dilutive securities (in shares)	86,630	132,669	152,043	80,463
Weighted average number of shares of common stock outstanding including effect of dilutive securities (in shares)	22,525,287	22,497,066	22,564,705	22,439,890
Basic earnings per share (in dollars per share)	$ 0.09	$ 0.09	$ 0.36	$ 0.47
Diluted earnings per share (in dollars per share)	$ 0.09	$ 0.09	$ 0.36	$ 0.47

Note 5 - Debt (Details Textual)

Note 5 - Debt (Details Textual) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Sep. 30, 2018USD ($)	Jan. 28, 2016USD ($)
Capital and Financing Lease Obligations Number of Leases	22		22		20
Interest Expense, Debt, Excluding Amortization	$ 1.3	$ 1.2	$ 3.9	$ 3.5
Interest Costs Capitalized	0.1	$ 0.1	0.1	$ 0.1
Letter of Credit [Member]
Letters of Credit Outstanding, Amount	1		1		$ 1
The New Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity						$ 50
Line of Credit Facility, Dividend Restrictions, Maximum Amount			10
Long-term Line of Credit, Total	10.1		10.1		13.2
Line of Credit Facility, Remaining Borrowing Capacity	$ 38.9		$ 38.9		$ 35.8
The New Credit Facility [Member] | Standby Letters of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity						$ 5

Note 6 - Stockholders' Equity (

Note 6 - Stockholders' Equity (Details Textual) - USD ($) $ in Thousands	May 02, 2018	May 04, 2016	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2019	Jun. 30, 2018	Sep. 30, 2018	Sep. 30, 2018
Stock Repurchase Program, Period in Force	2 years	2 years
Stock Repurchase Program, Authorized Amount		$ 10,000
Treasury Stock, Shares, Acquired						0			199,543
Stock Repurchase Program, Remaining Authorized Repurchase Amount			$ 8,300			$ 8,300
Stock Issued During Period, Shares, Treasury Stock Reissued for Equity-based Compensation Obligations			22,652	197		80,823	17,994	62,646
Stock Issued During Period, Value, Treasury Stock Reissued for Equity-based Compensation Obligations			$ 200	$ 100		$ 600	$ 100	$ 600
Treasury Stock, Shares, Ending Balance			56,074			56,074		136,897	136,897
Treasury Stock, Value, Ending Balance			$ 426			$ 426		$ 1,040	$ 1,040
Common Stock Outstanding [Member]
Treasury Stock, Shares, Acquired					101,573		101,573

Note 7 - Lease Commitments - Ca

Note 7 - Lease Commitments - Capital and Financing Lease Obligations (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Total capital and financing lease obligations	$ 50,228	$ 41,142
Less current portion	(983)	(736)
Total capital and financing lease obligations, net of current portion	49,245	40,406
Due in Monthly Installments Through Fiscal Year 2033 [Member]
Capital lease finance obligations	39,538	32,523
Asset not under Construction, Due in Monthly Installments Through Fiscal Year 2041 [Member]
Capital lease finance obligations	6,050	4,763
Asset under Construction Due in Monthly Installments Through Fiscal Year 2033 [Member]
Capital lease finance obligations		2,350
Asset under Construction Due in Monthly Installments Through Fiscal Year 2034 [Member]
Capital lease finance obligations	$ 4,640	$ 1,506

Note 8 - Property and Equipme_3

Note 8 - Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2019	Sep. 30, 2018
Property, plant, and equipment, gross	$ 376,881	$ 353,423
Less accumulated depreciation and amortization	(181,382)	(164,655)
Property and equipment, net	195,499	188,768
Construction in Progress [Member]
Property, plant, and equipment, gross	7,921	15,879
Assets Held Under Real Estate Leases for Build to Suit Stores [Member]
Property, plant, and equipment, gross	$ 42,320	35,700
Useful life (Year)	40 years
Assets Held under Capital Leases [Member]
Property, plant, and equipment, gross	$ 7,241	5,735
Useful life (Year)	15 years
Land [Member]
Property, plant, and equipment, gross	$ 1,230	192
Building [Member]
Property, plant, and equipment, gross	$ 23,565	19,262
Useful life (Year)	40 years
Land Improvements [Member]
Property, plant, and equipment, gross	$ 1,392	1,016
Land Improvements [Member] | Minimum [Member]
Useful life (Year)	5 years
Land Improvements [Member] | Maximum [Member]
Useful life (Year)	24 years
Leasehold and Building Improvements [Member]
Property, plant, and equipment, gross	$ 142,216	131,474
Leasehold and Building Improvements [Member] | Minimum [Member]
Useful life (Year)	1 year
Leasehold and Building Improvements [Member] | Maximum [Member]
Useful life (Year)	25 years
Furniture and Fixtures [Member]
Property, plant, and equipment, gross	$ 129,511	122,984
Furniture and Fixtures [Member] | Minimum [Member]
Useful life (Year)	5 years
Furniture and Fixtures [Member] | Maximum [Member]
Useful life (Year)	7 years
Computer Hardware and Software [Member]
Property, plant, and equipment, gross	$ 21,485	$ 21,181
Computer Hardware and Software [Member] | Minimum [Member]
Useful life (Year)	3 years
Computer Hardware and Software [Member] | Maximum [Member]
Useful life (Year)	5 years

Note 8 - Property and Equipme_4

Note 8 - Property and Equipment - Schedule of Property and Equipment (Details) (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Property, plant, and equipment, gross	$ 376,881	$ 353,423
Unamortized Land [Member]
Property, plant, and equipment, gross	$ 617	$ 617

Note 8 - Property and Equipme_5

Note 8 - Property and Equipment - Depreciation and Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Depreciation and amortization expense	$ 7,207	$ 7,344	$ 21,783	$ 22,169
Cost of Sales [Member]
Depreciation and amortization expense	184	193	551	585
Stores [Member]
Depreciation and amortization expense	6,626	6,789	20,316	20,474
General and Administrative Expense [Member]
Depreciation and amortization expense	$ 397	$ 362	$ 916	$ 1,110

Note 9 - Goodwill and Other I_3

Note 9 - Goodwill and Other Intangible Assets - Summary of Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2019	Sep. 30, 2018
Amortizable intangible assets	$ 2,540	$ 138
Less accumulated amortization	(1,446)	(77)
Amortizable intangible assets, net	1,094	61
Other intangibles in process	1,441
Trademark	389	389
Total other intangibles, net	2,924	450
Goodwill	5,198	5,198
Total goodwill and other intangibles, net	8,122	5,648
Other Intangible Assets [Member]
Amortizable intangible assets	$ 2,540	$ 138
Other Intangible Assets [Member] | Minimum [Member]
Intangible assets useful life (Year)	182 days
Other Intangible Assets [Member] | Maximum [Member]
Intangible assets useful life (Year)	3 years

Note 10 - Accrued Expenses - Co

Note 10 - Accrued Expenses - Composition of Accrued Expenses (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Accrued property, sales and use tax payable	$ 6,127	$ 7,043
Income tax payable		903
Payroll and employee-related expenses	10,376	6,992
Accrued marketing expenses	331	335
Deferred revenue related to gift card sales	1,143	1,453
Other	1,226	1,125
Total accrued expenses	$ 19,203	$ 17,851

Note 11 - Income Taxes (Details

Note 11 - Income Taxes (Details Textual) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Jun. 30, 2018	Sep. 30, 2018
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability	$ (4.3)	$ (4.3)

Note 12 - Related Party Trans_2

Note 12 - Related Party Transactions (Details Textual) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)
Chalet [Member]
Number of Operating Leases	5		5
Number of Capital Leases	1		1
Related Party Transaction Number of Owners That Are Non-Independent Board Members of the Entity			4
Related Party Transaction, Expenses from Transactions with Related Party	$ 0.3	$ 0.3	$ 0.9	$ 0.9
Isely Family Land Trust LLC [Member]
Number of Operating Leases	1		1
Related Party Transaction, Expenses from Transactions with Related Party	$ 0.1	0.1	$ 0.2	0.2
FTVC, LLC [Member]
Number of Operating Leases	1		1
Related Party Transaction Number of Owners That Are Non-Independent Board Members of the Entity			4
FTVC, LLC [Member] | Maximum [Member]
Related Party Transaction, Expenses from Transactions with Related Party	$ 0.1	$ 0.1	$ 0.1	$ 0.1