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Significant Accounting Policies (Policies)
6 Months Ended
Mar. 31, 2018
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
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 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 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
six
months ended
March 31, 2018
and
2017,
as follows:
 
   
Three months ended
March 31,
   
Six
months ended
March 31,
 
   
2018
   
2017
   
2018
   
2017
 
Grocery
   
67
%
   
66
     
67
     
66
 
Dietary supplements
   
23
     
23
     
22
     
23
 
Other
   
10
     
11
     
11
     
11
 
     
100
%
   
100
     
100
     
100
 
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, long-lived assets, and goodwill, lease assumptions, valuation allowances for deferred tax assets 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.
Income Tax, Policy [Policy Text Block]
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 revises the future ongoing federal income tax by, among other things, lowering U.S. corporate income tax rates effective
January 1, 2018.
The Company has calculated a blended U.S. federal income tax rate of approximately
24.3%
for our fiscal year ending
September 30, 2018
and
21.0%
for subsequent fiscal years. 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
six
months ended
March 31, 2018.
 
The changes included in the Tax Reform Act are broad and complex. The final transition impacts of the Tax Reform Act
may
differ from the above estimate, due to, among other things, changes in interpretations of the Tax Reform Act, any legislative action to address questions that arise because of the Tax Reform Act and any changes in accounting standards for income taxes or related interpretations in response to the Tax Reform Act. The SEC has issued Staff Accounting Bulletin
118
(SAB
118
), which expresses the SEC’s views regarding the application of Accounting Standards Codification (ASC) 
740,
“Income Taxes,” (ASC
740
) in the reporting period that includes
December 22, 2017 (
the date the Tax Reform Act was signed into law). 
New Accounting Pronouncements, Policy [Policy Text Block]
Change in Accounting Principle
 
During the
three
months ended
March 31, 2018,
the Company changed the date of its annual goodwill impairment test from
September 30
to
July 1,
the
first
day of its
fourth
fiscal quarter. The results of its goodwill impairment testing will be reported in the Company’s Annual Report on Form
10
-K for the fiscal year ending
September 30, 2018.
The change in the Company’s goodwill impairment test date will lessen resource constraints that exist in connection with the Company's year-end close and financial reporting process, provide for additional time to complete the required goodwill impairment testing and better align with the Company's annual planning and budgeting process, which takes place early in the
fourth
quarter each year. This change in accounting principle will
not
delay, accelerate or avoid an impairment charge.
 
Recent Accounting Pronouncements
 
 
In
January 2017,
the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (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
should be applied on a modified retrospective basis and are effective for the Company’s
first
quarter of the fiscal year ending
September 30, 2020,
with early adoption permitted.
 
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 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 has opted to elect this practical expedient in implementing ASU
2016
-
02.
 
In
January 2018,
the FASB also issued an exposure draft, “Leases - Targeted Amendments to Topic
842,”
amending ASU
2016
-
02
such that restatement of comparable periods (fiscal years
2018
and
2019
) and separation of lease and non-lease components in a contract would
not
be required upon initial adoption. The FASB approved the proposed changes in
March 2018
and a final standard is expected to be issued by
June 30, 2018.
 
The adoption of ASU
2016
-
02
and related updates will result in a material increase to the Company’s consolidated balance sheets for lease liabilities and right-of-use assets. The Company is also performing a comprehensive review of its current processes to determine and implement changes required to support the adoption of this standard. As part of this review process, the Company is implementing new software solutions to support the lease reporting upon adoption. The Company is currently evaluating the other effects the adoption of ASU
2016
-
02
will have on its consolidated financial statements.
 
In
May 2014,
the FASB issued 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 will replace most existing revenue recognition guidance in GAAP when it becomes effective. ASU
2014
-
09’s
core principle is that a company will recognize 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. ASU
2014
-
09
permits the use of either the retrospective or cumulative effect transition method. In
July 2015,
the FASB issued ASU
2015
-
14,
“Revenue from Contracts with Customers – Deferral of the Effective Date.” The FASB approved the deferral of ASU
2014
-
09,
by extending the new revenue recognition standard’s mandatory effective date by
one
year and permitting public companies to apply the new revenue standard to annual reporting periods beginning after
December 15, 2017.
The guidance in ASU
2014
-
09
will be effective for the Company in the
first
quarter of the fiscal year ending
September 30, 2019.
Further to ASU
2014
-
09
and ASU
2015
-
14,
the FASB issued ASU
No.
2016
-
08,
“Revenue from Contracts with Customers,” Topic
606,
“Principal versus Agent Considerations (Reporting Revenue Gross versus Net)” (ASU
2016
-
08
) in
March 2016
and ASU
No.
2016
-
12,
“Revenue from Contracts with Customers,” Topic
606,
“Narrow-Scope Improvements and Practical Expedients” (ASU
2016
-
12
) in
May 2016.
The amendments in ASU
2016
-
08
clarify the implementation guidance on principal versus agent considerations, including indicators to assist an entity in determining whether it controls a specified good or service before it is transferred to the customers. ASU
2016
-
12
addresses narrow-scope improvements to the guidance on collectability, non-cash consideration, and completed contracts at transition. Additionally, the amendments in this ASU provide a practical expedient for contract modifications at transition and an accounting policy election related to the presentation of sales taxes and other similar taxes collected from customers. The effective date and transition requirements for ASU
2016
-
08
and ASU
2016
-
12
are the same as ASU
2014
-
09.
The Company is in the process of evaluating the impact of the adoption of ASU
2014
-
09,
ASU
2016
-
08
and ASU
2016
-
12
on its consolidated financial statements. The Company currently does
not
plan to early adopt ASU
2014
-
09,
ASU
2016
-
08
or ASU
2016
-
12.