Quarterly report pursuant to Section 13 or 15(d)

Note 12 - Segment Reporting (Tables)

v3.23.1
Note 12 - Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2023
Notes Tables  
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]
   

Three months ended March 31, 2023

 
(In thousands)  

Clearfield

   

Nestor Cables

   

Eliminations

   

Consolidated

 

Revenue from external customers

  $ 60,451     $ 11,358     $ -     $ 71,809  

Revenue from internal customers (Clearfield, Inc.)

    -       1,737       (1,737 )     -  

Net investment income

    1,394       1       -       1,395  

Interest expense

    -       112       -       112  

Depreciation and amortization

    1,099       359       -       1,458  

Stock based compensation

    784       -       -       784  

Income taxes

    2,873       101       -       2,974  

Net income (loss)

    10,395       402       (433 )     10,364  

Capital expenditures

    2,481       98       -       2,579  
   

Six months ended March 31, 2023

 
(In thousands)  

Clearfield

   

Nestor Cables

   

Eliminations

   

Consolidated

 

Revenue from external customers

  $ 138,806     $ 18,945     $ -     $ 157,751  

Revenue from internal customers (Clearfield, Inc.)

    -       2,923       (2,923 )     -  

Net investment income

    1,694       4       -       1,698  

Interest expense

    170       186       -       356  

Depreciation and amortization

    2,110       712       -       2,822  

Stock based compensation

    1,444       -       -       1,444  

Income taxes

    6,646       23       -       6,669  

Net income (loss)

    25,113       92       (586 )     24,619  

Capital expenditures

    4,490       308       -       4,798  
Reconciliation of Assets from Segment to Consolidated [Table Text Block]
   

March 31, 2023

 
(In thousands)  

Clearfield

   

Nestor Cables

   

Eliminations

   

Consolidated

 

Goodwill

  $ 4,709     $ 1,878     $ -     $ 6,587  

Total assets

    332,906       43,135       (18,646 )     357,395  
   

September 30, 2022

 
(In thousands)  

Clearfield

   

Nestor Cables

   

Eliminations

   

Consolidated

 

Goodwill

  $ 4,709     $ 1,693     $ -     $ 6,402  

Total assets

    214,785       31,023       (16,680 )     229,128