NGVC
Natural Grocers by Vitamin Cottage, Inc.
Price Chart
Latest Quote
$32.17
| Previous Close | $30.25 |
| Open | $30.97 |
| Day High | $32.31 |
| Day Low | $30.98 |
| Volume | 104,849 |
Stock Information
| Quarterly Dividend / Yield | $0.60 / 1.87% |
| Shares Outstanding | 23.04M |
| Quarterly Dividend Yield | 1.87% |
| Quarterly Dividend | $0.60 |
| Total Debt | $324.52M |
| Cash Equivalents | $20.72M |
| Revenue | $1.34B |
| Net Income | $48.17M |
| Sector | Consumer Defensive |
| Industry | Grocery Stores |
| Market Cap | $741.22M |
| P/E Ratio | 15.47 |
| EPS (TTM) | $2.08 |
| Exchange | NYQ |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $1.05B |
| Sales | $1.34B |
| Income | $48.17M |
| Book/sh | $10.02 |
| Cash/sh | $0.90 |
| Employees | 3K |
Financial Ratios
| Quick Ratio | 0.21 |
| Current Ratio | 1.05 |
| Debt/Eq | 140.55 |
| EPS Growth TTM | 2.50% |
Returns & Margins
| ROA | 5.92% |
| ROE | 22.73% |
| Gross Margin | 33.64% |
| Operating Margin | 5.37% |
| Profit Margin | 3.60% |
Ownership
| Insider Ownership | 43.84% |
| Institutional Ownership | 39.12% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 13.93 |
| PEG | 1.44 |
| P/S | 0.55 |
| P/B | 3.21 |
Analyst Data
| Recommendation | none |
| Target Price | $46.33 |
Technical Indicators
| SMA20 | $30.10 |
| SMA50 | $28.71 |
| SMA200 | $29.29 |
| RSI | 70.44 |
| ATR | 1.1386 |
| Shares Float | 10.57M |
| Short Float | 5.89% |
| Short Ratio | 4.04 |
| Volatility | 1.29 |
| Rel Volume | 0.83 |
Performance History
| Week | +4.96% |
| Month | +10.82% |
| Quarter | +27.73% |
| 6 Months | +29.72% |
| YTD | +31.67% |
| Year | -20.54% |
| 3 Years | +202.89% |
| 5 Years | +230.19% |
| 10 Years | +247.62% |
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-23 | $32.17 | 104,849 |
| 2026-06-22 | $30.25 | 91,700 |
| 2026-06-18 | $30.11 | 121,400 |
| 2026-06-17 | $30.72 | 105,100 |
| 2026-06-16 | $30.56 | 123,000 |
| 2026-06-15 | $30.65 | 95,500 |
| 2026-06-12 | $31.58 | 56,400 |
| 2026-06-11 | $31.35 | 125,100 |
| 2026-06-10 | $31.45 | 158,600 |
| 2026-06-09 | $30.42 | 195,400 |
| 2026-06-08 | $30.10 | 143,700 |
| 2026-06-05 | $30.10 | 100,400 |
| 2026-06-04 | $29.10 | 136,400 |
| 2026-06-03 | $28.61 | 173,100 |
| 2026-06-02 | $29.10 | 128,900 |
| 2026-06-01 | $28.67 | 164,600 |
| 2026-05-29 | $29.36 | 146,500 |
| 2026-05-28 | $29.67 | 118,100 |
| 2026-05-27 | $29.79 | 131,100 |
| 2026-05-26 | $28.18 | 104,600 |
About Natural Grocers by Vitamin Cottage, Inc.
Natural Grocers by Vitamin Cottage, Inc., together with its subsidiaries, retails natural and organic groceries, and dietary supplements in the United States. The company's stores offer natural and organic grocery products, such as organic produce; private label repackaged bulk products, including dried fruits, nuts, grains, granolas, teas, herbs, and spices, as well as peanut and almond butters; private label products comprising grocery staples, household products, bulk foods, and vitamins and dietary supplements, as well as organic eggs, organic flavored coffee, and organic mustard; dry, frozen, and canned groceries; meat and seafood products; dairy products, dairy substitutes, and eggs; prepared foods; bread and baked products; beverages; and beer, wine, and hard cider products. Its stores also provide name-brand supplements, as well as private label dietary supplements; body care products consisting of cosmetics, skin care, hair care, fragrance, and personal care products containing natural and organic ingredients; pet care and food products; household and general merchandise, including cleaning supplies, paper products, and dish and laundry soaps, as well as other common household products, such as diapers; and books and handouts. The company operates its retail stores under the Natural Grocers, Vitamin Cottage, Health Hotline, Natural Grocers by Vitamin Cottage trademark, as well as Vitamin Cottage Natural Grocers and Health Hotline trademarks. The company also offers science-based nutrition education programs to help customers make informed health and nutrition choices. The company was formerly known as Vitamin Cottage Natural Food Markets, Inc. Natural Grocers by Vitamin Cottage, Inc. was founded in 1955 and is headquartered in Lakewood, Colorado.
đ° Latest News
NGVC vs VLGEA: Which Grocery Retailer Stock is the Better Buy?
Zacks âĸ 2026-06-23T17:22:00ZNatural Grocers Gains 26% YTD: Should You Buy the Stock?
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Simply Wall St. âĸ 2026-06-01T17:33:45ZNGVC's Q2 Earnings Rise Y/Y on Loyalty Program Growth, Stock Up 4%
Zacks âĸ 2026-05-14T18:07:00ZNatural Grocers by Vitamin Cottage Q2 Earnings Call Highlights
MarketBeat âĸ 2026-05-13T06:05:49ZNatural Grocers (NGVC) Q2 2026 Earnings Transcript
Motley Fool âĸ 2026-05-09T18:56:02ZNatural Grocers by Vitamin Cottage, Inc. Q2 2026 Earnings Call Summary
Moby âĸ 2026-05-08T12:30:00ZUndiscovered Gems In The US Market 3 Small Caps To Watch
Simply Wall St. âĸ 2026-05-01T17:33:15ZUndiscovered Gems in the US Market to Explore This March 2026
Simply Wall St. âĸ 2026-03-30T17:33:28ZFreedom Capital Initiates Natural Grocers by Vitamin Cottage (NGVC) With a Buy â Hereâs Why
Insider Monkey âĸ 2026-02-19T14:51:49ZIncome Statement (Annual)
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $932,076,000 | $875,853,000 | $812,108,000 | $784,744,000 |
| Cost Of Revenue | $932,959,000 | $876,775,000 | $813,637,000 | $784,744,000 |
| Total Revenue | $1,330,836,000 | $1,241,585,000 | $1,140,568,000 | $1,089,625,000 |
| Operating Revenue | $1,330,836,000 | $1,241,585,000 | $1,140,568,000 | $1,089,625,000 |
| Expenses | ||||
| Interest Expense | $3,063,000 | $4,176,000 | $3,299,000 | $2,371,000 |
| Total Expenses | $1,267,803,000 | $1,192,886,000 | $1,106,892,000 | $1,058,363,000 |
| Other Income Expense | $-1,043,000 | $-1,722,000 | $-2,007,000 | $-1,107,000 |
| Net Non Operating Interest Income Expense | $-3,063,000 | $-4,176,000 | $-3,299,000 | $-2,371,000 |
| Interest Expense Non Operating | $3,063,000 | $4,176,000 | $3,299,000 | $2,371,000 |
| Operating Expense | $334,844,000 | $316,111,000 | $293,255,000 | $273,619,000 |
| Other Operating Expenses | $262,485,000 | $249,055,000 | $231,512,000 | $242,057,000 |
| General And Administrative Expense | $41,428,000 | $37,048,000 | $34,366,000 | $31,562,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $46,444,000 | $33,935,000 | $23,243,000 | $21,365,000 |
| Net Interest Income | $-3,063,000 | $-4,176,000 | $-3,299,000 | $-2,371,000 |
| Normalized Income | $47,265,884 | $35,300,546 | $24,886,733 | $22,216,283 |
| Net Income From Continuing And Discontinued Operation | $46,444,000 | $33,935,000 | $23,243,000 | $21,365,000 |
| Total Operating Income As Reported | $61,990,000 | $46,977,000 | $31,669,000 | $30,155,000 |
| Net Income Common Stockholders | $46,444,000 | $33,935,000 | $23,243,000 | $21,365,000 |
| Net Income | $46,444,000 | $33,935,000 | $23,243,000 | $21,365,000 |
| Net Income Including Noncontrolling Interests | $46,444,000 | $33,935,000 | $23,243,000 | $21,365,000 |
| Net Income Continuous Operations | $46,444,000 | $33,935,000 | $23,243,000 | $21,365,000 |
| Pretax Income | $58,927,000 | $42,801,000 | $28,370,000 | $27,784,000 |
| Special Income Charges | $-1,043,000 | $-1,722,000 | $-2,007,000 | $-1,107,000 |
| Operating Income | $63,033,000 | $48,699,000 | $33,676,000 | $31,262,000 |
| Depreciation Amortization Depletion Income Statement | $30,931,000 | $30,008,000 | $27,377,000 | - |
| Depreciation And Amortization In Income Statement | $30,931,000 | $30,008,000 | $27,377,000 | - |
| Gross Profit | $397,877,000 | $364,810,000 | $326,931,000 | $304,881,000 |
| Per Share | ||||
| Diluted EPS | $2.00 | $1.47 | $1.02 | $0.94 |
| Basic EPS | $2.02 | $1.49 | $1.02 | $0.94 |
| Other | ||||
| Tax Effect Of Unusual Items | $-221,116 | $-356,454 | $-363,267 | $-255,717 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $94,847,000 | $79,629,000 | $62,582,000 | $59,168,000 |
| Total Unusual Items | $-1,043,000 | $-1,722,000 | $-2,007,000 | $-1,107,000 |
| Total Unusual Items Excluding Goodwill | $-1,043,000 | $-1,722,000 | $-2,007,000 | $-1,107,000 |
| Reconciled Depreciation | $31,814,000 | $30,930,000 | $28,906,000 | $27,906,000 |
| EBITDA (Bullshit earnings) | $93,804,000 | $77,907,000 | $60,575,000 | $58,061,000 |
| EBIT | $61,990,000 | $46,977,000 | $31,669,000 | $30,155,000 |
| Diluted Average Shares | $23,255,274 | $23,083,903 | $22,834,316 | $22,816,614 |
| Basic Average Shares | $22,936,194 | $22,774,825 | $22,725,088 | $22,666,773 |
| Diluted NI Availto Com Stockholders | $46,444,000 | $33,935,000 | $23,243,000 | $21,365,000 |
| Tax Provision | $12,483,000 | $8,866,000 | $5,127,000 | $6,419,000 |
| Other Special Charges | $1,043,000 | $1,722,000 | $2,007,000 | $1,107,000 |
| Selling General And Administration | $41,428,000 | $37,048,000 | $34,366,000 | $31,562,000 |
| Other Gand A | $41,428,000 | $37,048,000 | $34,366,000 | $31,562,000 |
| Restructuring And Mergern Acquisition | - | $1,722,000 | $2,007,000 | $1,107,000 |
Balance Sheet (Annual)
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $195,497,000 | $160,595,000 | $156,712,000 | $141,681,000 |
| Total Assets | $670,504,000 | $655,476,000 | $669,185,000 | $663,108,000 |
| Total Non Current Assets | $502,429,000 | $508,418,000 | $516,635,000 | $522,448,000 |
| Other Non Current Assets | $2,000 | $2,000 | $2,000 | $452,000 |
| Non Current Prepaid Assets | $180,000 | $158,000 | $186,000 | $452,000 |
| Non Current Deferred Assets | $127,000 | $127,000 | $207,000 | $37,000 |
| Goodwill And Other Intangible Assets | $16,898,000 | $13,659,000 | $14,129,000 | $14,131,000 |
| Other Intangible Assets | $11,700,000 | $8,461,000 | $8,931,000 | $8,933,000 |
| Current Assets | $168,075,000 | $147,058,000 | $152,550,000 | $140,660,000 |
| Other Current Assets | $6,025,000 | $4,905,000 | $4,151,000 | $4,369,000 |
| Inventory | $132,968,000 | $120,672,000 | $119,260,000 | $113,756,000 |
| Receivables | $11,966,000 | $12,610,000 | $10,797,000 | $10,496,000 |
| Accounts Receivable | $11,966,000 | $12,610,000 | $10,797,000 | $10,496,000 |
| Allowance For Doubtful Accounts Receivable | $-200,000 | $-200,000 | $-200,000 | $-100,000 |
| Gross Accounts Receivable | $12,166,000 | $12,810,000 | $10,997,000 | $10,596,000 |
| Cash Cash Equivalents And Short Term Investments | $17,116,000 | $8,871,000 | $18,342,000 | $12,039,000 |
| Cash And Cash Equivalents | $17,116,000 | $8,871,000 | $18,342,000 | $12,039,000 |
| Prepaid Assets | - | - | - | $4,369,000 |
| Debt | ||||
| Total Debt | $332,019,000 | $346,507,000 | $370,178,000 | $393,374,000 |
| Long Term Debt And Capital Lease Obligation | $291,463,000 | $306,621,000 | $329,888,000 | $353,666,000 |
| Current Debt And Capital Lease Obligation | $40,556,000 | $39,886,000 | $40,290,000 | $39,708,000 |
| Long Term Debt | - | - | $5,938,000 | $13,938,000 |
| Current Debt | - | - | $1,750,000 | $1,750,000 |
| Other Current Borrowings | - | - | $1,750,000 | $1,750,000 |
| Net Debt | - | - | - | $3,649,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $458,109,000 | $481,222,000 | $498,344,000 | $507,296,000 |
| Total Non Current Liabilities Net Minority Interest | $299,326,000 | $317,092,000 | $344,315,000 | $369,568,000 |
| Non Current Deferred Liabilities | $7,863,000 | $10,471,000 | $14,427,000 | $15,902,000 |
| Non Current Deferred Taxes Liabilities | $7,863,000 | $10,471,000 | $14,427,000 | $15,902,000 |
| Current Liabilities | $158,783,000 | $164,130,000 | $154,029,000 | $137,728,000 |
| Current Deferred Liabilities | $1,927,000 | $1,895,000 | $1,866,000 | $1,757,000 |
| Payables And Accrued Expenses | $116,300,000 | $122,349,000 | $111,873,000 | $96,263,000 |
| Payables | $91,019,000 | $98,004,000 | $90,519,000 | $79,733,000 |
| Total Tax Payable | $10,028,000 | $9,607,000 | $9,844,000 | $8,450,000 |
| Accounts Payable | $80,991,000 | $88,397,000 | $80,675,000 | $71,283,000 |
| Equity | ||||
| Common Stock Equity | $212,395,000 | $174,254,000 | $170,841,000 | $155,812,000 |
| Total Equity Gross Minority Interest | $212,395,000 | $174,254,000 | $170,841,000 | $155,812,000 |
| Stockholders Equity | $212,395,000 | $174,254,000 | $170,841,000 | $155,812,000 |
| Retained Earnings | $149,339,000 | $113,904,000 | $111,871,000 | $97,717,000 |
| Other | ||||
| Ordinary Shares Number | $22,954,712 | $22,888,540 | $22,738,915 | $22,690,188 |
| Share Issued | $22,954,712 | $22,888,540 | $22,745,412 | $22,690,188 |
| Tangible Book Value | $195,497,000 | $160,595,000 | $156,712,000 | $141,681,000 |
| Invested Capital | $212,395,000 | $174,254,000 | $178,529,000 | $171,500,000 |
| Working Capital | $9,292,000 | $-17,072,000 | $-1,479,000 | $2,932,000 |
| Capital Lease Obligations | $332,019,000 | $346,507,000 | $362,490,000 | $377,686,000 |
| Total Capitalization | $212,395,000 | $174,254,000 | $176,779,000 | $169,750,000 |
| Additional Paid In Capital | $63,033,000 | $60,327,000 | $59,013,000 | $58,072,000 |
| Capital Stock | $23,000 | $23,000 | $23,000 | $23,000 |
| Common Stock | $23,000 | $23,000 | $23,000 | $23,000 |
| Long Term Capital Lease Obligation | $291,463,000 | $306,621,000 | $323,950,000 | $339,728,000 |
| Current Deferred Revenue | $1,927,000 | $1,895,000 | $1,866,000 | $1,757,000 |
| Current Capital Lease Obligation | $40,556,000 | $39,886,000 | $38,540,000 | $37,958,000 |
| Current Accrued Expenses | $25,281,000 | $24,345,000 | $21,354,000 | $16,530,000 |
| Goodwill | $5,198,000 | $5,198,000 | $5,198,000 | $5,198,000 |
| Net PPE | $485,222,000 | $494,472,000 | $502,111,000 | $507,865,000 |
| Accumulated Depreciation | $-298,079,000 | $-279,502,000 | $-259,628,000 | $-243,558,000 |
| Gross PPE | $783,301,000 | $773,974,000 | $761,739,000 | $751,423,000 |
| Leases | $192,171,000 | $185,045,000 | $173,407,000 | $163,721,000 |
| Construction In Progress | $3,009,000 | $5,758,000 | $15,221,000 | $8,651,000 |
| Other Properties | $302,481,000 | $315,863,000 | $333,051,000 | $350,686,000 |
| Machinery Furniture Equipment | $206,459,000 | $197,682,000 | $184,790,000 | $176,787,000 |
| Buildings And Improvements | $65,591,000 | $60,556,000 | $46,412,000 | $43,010,000 |
| Land And Improvements | $13,590,000 | $9,070,000 | $8,858,000 | $8,568,000 |
| Properties | $0 | $0 | $0 | $0 |
| Finished Goods | $132,968,000 | $120,672,000 | $119,260,000 | $113,756,000 |
| Treasury Stock | - | $0 | $66,000 | $0 |
| Treasury Shares Number | - | - | $6,497 | - |
Cash Flow Statement (Annual)
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $23,925,000 | $35,080,000 | $26,513,000 | $8,249,000 |
| Operating Activities | ||||
| Operating Cash Flow | $55,304,000 | $73,760,000 | $64,606,000 | $39,693,000 |
| Cash Flow From Continuing Operating Activities | $55,304,000 | $73,760,000 | $64,606,000 | $39,693,000 |
| Operating Gains Losses | $-34,000 | $10,000 | $379,000 | $78,000 |
| Investing Activities | ||||
| Capital Expenditure | $-31,379,000 | $-38,680,000 | $-38,093,000 | $-31,444,000 |
| Investing Cash Flow | $-30,971,000 | $-38,600,000 | $-37,950,000 | $-31,143,000 |
| Cash Flow From Continuing Investing Activities | $-30,971,000 | $-38,600,000 | $-37,950,000 | $-31,143,000 |
| Net Other Investing Changes | $315,000 | $43,000 | $36,000 | $280,000 |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $0 | $0 | $-181,000 | $0 |
| Financing Cash Flow | $-16,088,000 | $-44,631,000 | $-20,353,000 | $-20,189,000 |
| Cash Flow From Continuing Financing Activities | $-16,088,000 | $-44,631,000 | $-20,353,000 | $-20,189,000 |
| Net Other Financing Charges | $-1,254,000 | $-1,467,000 | $-304,000 | $-403,000 |
| Cash Dividends Paid | $-11,009,000 | $-31,866,000 | $-9,089,000 | $-9,067,000 |
| Net Common Stock Issuance | $0 | $0 | $-181,000 | $0 |
| Common Stock Dividend Paid | - | - | - | - |
| Other | ||||
| Repayment Of Debt | $-670,025,000 | $-615,498,000 | $-541,879,000 | $-139,719,000 |
| Issuance Of Debt | $666,200,000 | $604,200,000 | $531,100,000 | $129,000,000 |
| Interest Paid Supplemental Data | $3,121,000 | $4,155,000 | $3,307,000 | $2,428,000 |
| Income Tax Paid Supplemental Data | $15,911,000 | $13,581,000 | $5,048,000 | $7,012,000 |
| End Cash Position | $17,116,000 | $8,871,000 | $18,342,000 | $12,039,000 |
| Beginning Cash Position | $8,871,000 | $18,342,000 | $12,039,000 | $23,678,000 |
| Changes In Cash | $8,245,000 | $-9,471,000 | $6,303,000 | $-11,639,000 |
| Common Stock Payments | $0 | $0 | $-181,000 | $0 |
| Net Issuance Payments Of Debt | $-3,825,000 | $-11,298,000 | $-10,779,000 | $-10,719,000 |
| Net Short Term Debt Issuance | $0 | $0 | $0 | $0 |
| Short Term Debt Payments | $-666,200,000 | $-604,200,000 | $-531,100,000 | $-129,000,000 |
| Short Term Debt Issuance | $666,200,000 | $604,200,000 | $531,100,000 | $129,000,000 |
| Net Long Term Debt Issuance | $-3,825,000 | $-11,298,000 | $-10,779,000 | $-10,719,000 |
| Long Term Debt Payments | $-3,825,000 | $-11,298,000 | $-10,779,000 | $-10,719,000 |
| Net Intangibles Purchase And Sale | $-178,000 | $-1,139,000 | $-1,525,000 | $-3,406,000 |
| Purchase Of Intangibles | $-178,000 | $-1,139,000 | $-1,525,000 | $-3,406,000 |
| Net PPE Purchase And Sale | $-31,108,000 | $-37,504,000 | $-36,461,000 | $-28,017,000 |
| Sale Of PPE | $93,000 | $37,000 | $107,000 | $21,000 |
| Purchase Of PPE | $-31,201,000 | $-37,541,000 | $-36,568,000 | $-28,038,000 |
| Change In Working Capital | $-24,364,000 | $8,052,000 | $10,906,000 | $-14,393,000 |
| Change In Other Current Liabilities | $-34,432,000 | $-34,197,000 | $-33,899,000 | $-29,044,000 |
| Change In Other Current Assets | $33,592,000 | $33,446,000 | $33,067,000 | $31,895,000 |
| Change In Payables And Accrued Expense | $-4,697,000 | $12,822,000 | $16,677,000 | $595,000 |
| Change In Accrued Expense | $1,389,000 | $2,783,000 | $6,327,000 | $148,000 |
| Change In Payable | $-6,086,000 | $10,039,000 | $10,350,000 | $447,000 |
| Change In Account Payable | $-6,086,000 | $10,039,000 | $10,350,000 | $447,000 |
| Change In Prepaid Assets | $-5,516,000 | $-1,069,000 | $-128,000 | $-1,025,000 |
| Change In Inventory | $-12,296,000 | $-1,412,000 | $-5,504,000 | $-13,210,000 |
| Change In Receivables | $-1,015,000 | $-1,538,000 | $693,000 | $-3,604,000 |
| Changes In Account Receivables | $-411,000 | $-1,790,000 | $315,000 | $-2,973,000 |
| Other Non Cash Items | $11,000 | $-143,000 | $19,000 | $22,000 |
| Stock Based Compensation | $3,960,000 | $2,829,000 | $1,360,000 | $1,186,000 |
| Asset Impairment Charge | $81,000 | $2,102,000 | $1,268,000 | $2,920,000 |
| Deferred Tax | $-2,608,000 | $-3,955,000 | $-1,475,000 | $609,000 |
| Deferred Income Tax | $-2,608,000 | $-3,955,000 | $-1,475,000 | $609,000 |
| Depreciation Amortization Depletion | $31,814,000 | $30,930,000 | $28,906,000 | $27,906,000 |
| Depreciation And Amortization | $31,814,000 | $30,930,000 | $28,906,000 | $27,906,000 |
| Gain Loss On Sale Of PPE | $-34,000 | $10,000 | $379,000 | $78,000 |
| Net Income From Continuing Operations | $46,444,000 | $33,935,000 | $23,243,000 | $21,365,000 |
| Long Term Debt Issuance | - | - | $0 | $0 |