| Reconciliation of Revenue from Segments to Consolidated [Table Text Block] |
| |
|
Three months ended December 31, 2023
|
|
| |
|
Clearfield
|
|
|
Nestor Cables
|
|
|
Eliminations
|
|
|
Consolidated
|
|
| (in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue from external customers
|
|
$ |
28,101 |
|
|
$ |
6,129 |
|
|
$ |
- |
|
|
$ |
34,230 |
|
|
Revenue from internal customers (Clearfield, Inc.)
|
|
|
- |
|
|
|
883 |
|
|
|
(883 |
) |
|
|
- |
|
|
Net investment income
|
|
|
2,127 |
|
|
|
2 |
|
|
|
(60 |
) |
|
|
2,069 |
|
|
Interest expense
|
|
|
- |
|
|
|
184 |
|
|
|
(58 |
) |
|
|
126 |
|
|
Depreciation and amortization
|
|
|
1,340 |
|
|
|
355 |
|
|
|
- |
|
|
|
1,695 |
|
|
Stock based compensation
|
|
|
1,222 |
|
|
|
49 |
|
|
|
- |
|
|
|
1,271 |
|
|
Income taxes
|
|
|
(583 |
) |
|
|
(368 |
) |
|
|
- |
|
|
|
(951 |
) |
|
Net loss
|
|
|
(3,383 |
) |
|
|
(1,759 |
) |
|
|
(126 |
) |
|
|
(5,268 |
) |
|
Capital expenditures
|
|
|
1,227 |
|
|
|
1,125 |
|
|
|
- |
|
|
|
2,352 |
|
| |
|
Three months ended December 31, 2022
|
|
| |
|
Clearfield
|
|
|
Nestor Cables
|
|
|
Eliminations
|
|
|
Consolidated
|
|
| (in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue from external customers
|
|
$ |
78,355 |
|
|
$ |
7,587 |
|
|
$ |
- |
|
|
$ |
85,942 |
|
|
Revenue from internal customers (Clearfield, Inc.)
|
|
|
- |
|
|
|
1,186 |
|
|
|
(1,186 |
) |
|
|
- |
|
|
Net investment income
|
|
|
301 |
|
|
|
2 |
|
|
|
- |
|
|
|
303 |
|
|
Interest expense
|
|
|
170 |
|
|
|
73 |
|
|
|
- |
|
|
|
243 |
|
|
Depreciation and amortization
|
|
|
1,009 |
|
|
|
344 |
|
|
|
- |
|
|
|
1,353 |
|
|
Stock based compensation
|
|
|
660 |
|
|
|
- |
|
|
|
- |
|
|
|
660 |
|
|
Income taxes
|
|
|
3,773 |
|
|
|
(78 |
) |
|
|
- |
|
|
|
3,695 |
|
|
Net income (loss)
|
|
|
14,718 |
|
|
|
(310 |
) |
|
|
(153 |
) |
|
|
14,255 |
|
|
Capital expenditures
|
|
|
1,787 |
|
|
|
198 |
|
|
|
- |
|
|
|
1,984 |
|
|
| Reconciliation of Assets from Segment to Consolidated [Table Text Block] |
| |
|
December 31, 2023
|
|
| |
|
Clearfield
|
|
|
Nestor Cables
|
|
|
Eliminations
|
|
|
Consolidated
|
|
| (in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goodwill
|
|
$ |
4,709 |
|
|
$ |
1,906 |
|
|
$ |
- |
|
|
$ |
6,615 |
|
|
Total assets
|
|
$ |
320,089 |
|
|
$ |
39,713 |
|
|
$ |
(24,173 |
) |
|
$ |
335,629 |
|
| |
|
December 30, 2022
|
|
| |
|
Clearfield
|
|
|
Nestor Cables
|
|
|
Eliminations
|
|
|
Consolidated
|
|
| (in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goodwill
|
|
$ |
4,709 |
|
|
$ |
1,839 |
|
|
$ |
- |
|
|
$ |
6,545 |
|
|
Total assets
|
|
$ |
344,465 |
|
|
$ |
34,692 |
|
|
$ |
(17,360 |
) |
|
$ |
351,797 |
|
|