| Reconciliation of Revenue from Segments to Consolidated [Table Text Block] |
| |
|
Three months ended March 31, 2024
|
|
| |
|
Clearfield
|
|
|
Nestor Cables
|
|
|
Eliminations
|
|
|
Consolidated
|
|
|
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue from external customers
|
|
$ |
27,600 |
|
|
$ |
9,310 |
|
|
$ |
- |
|
|
$ |
36,910 |
|
|
Revenue from internal customers (Clearfield, Inc.)
|
|
|
- |
|
|
|
218 |
|
|
|
(218 |
) |
|
|
- |
|
|
Net investment income
|
|
|
1,906 |
|
|
|
2 |
|
|
|
(59 |
) |
|
|
1,849 |
|
|
Interest expense
|
|
|
- |
|
|
|
161 |
|
|
|
(59 |
) |
|
|
102 |
|
|
Depreciation and amortization
|
|
|
1,551 |
|
|
|
369 |
|
|
|
- |
|
|
|
1,920 |
|
|
Stock based compensation
|
|
|
940 |
|
|
|
72 |
|
|
|
- |
|
|
|
1,012 |
|
|
Income tax benefit
|
|
|
(1,825 |
) |
|
|
(258 |
) |
|
|
- |
|
|
|
(2,083 |
) |
| Net income (loss) |
|
|
(5,001 |
) |
|
|
(913 |
) |
|
|
3 |
|
|
|
(5,911 |
) |
|
Capital expenditures
|
|
|
1,806 |
|
|
|
165 |
|
|
|
- |
|
|
|
1,971 |
|
| |
|
Six months ended March 31, 2024
|
|
| |
|
Clearfield
|
|
|
Nestor Cables
|
|
|
Eliminations
|
|
|
Consolidated
|
|
|
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue from external customers
|
|
$ |
55,700 |
|
|
$ |
15,440 |
|
|
$ |
- |
|
|
$ |
71,140 |
|
|
Revenue from internal customers (Clearfield, Inc.)
|
|
|
- |
|
|
|
1,101 |
|
|
|
(1,101 |
) |
|
|
- |
|
|
Net investment income
|
|
|
4,032 |
|
|
|
4 |
|
|
|
(118 |
) |
|
|
3,918 |
|
|
Interest expense
|
|
|
- |
|
|
|
346 |
|
|
|
(118 |
) |
|
|
228 |
|
|
Depreciation and amortization
|
|
|
2,848 |
|
|
|
724 |
|
|
|
- |
|
|
|
3,572 |
|
|
Stock based compensation
|
|
|
2,161 |
|
|
|
123 |
|
|
|
- |
|
|
|
2,284 |
|
| Income tax benefit |
|
|
(2,408 |
) |
|
|
(626 |
) |
|
|
- |
|
|
|
(3,034 |
) |
|
Net loss
|
|
|
(8,384 |
) |
|
|
(2,673 |
) |
|
|
(122 |
) |
|
|
(11,179 |
) |
|
Capital expenditures
|
|
|
3,093 |
|
|
|
1,296 |
|
|
|
- |
|
|
|
4,389 |
|
| |
|
Three months ended March 31, 2023
|
|
| |
|
Clearfield
|
|
|
Nestor Cables
|
|
|
Eliminations
|
|
|
Consolidated
|
|
|
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
| |
|
Clearfield
|
|
|
Nestor Cables
|
|
|
Eliminations
|
|
|
Consolidated
|
|
|
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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, 2024
|
|
| |
|
Clearfield
|
|
|
Nestor Cables
|
|
|
Eliminations
|
|
|
Consolidated
|
|
|
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goodwill
|
|
$ |
4,709 |
|
|
$ |
1,859 |
|
|
$ |
- |
|
|
$ |
6,568 |
|
|
Total assets
|
|
$ |
297,981 |
|
|
$ |
40,960 |
|
|
$ |
(23,538 |
) |
|
$ |
315,403 |
|
| |
|
As of September 30, 2023
|
|
|
(in thousands)
|
|
Clearfield
|
|
|
Nestor Cables
|
|
|
Eliminations
|
|
|
Consolidated
|
|
|
Goodwill
|
|
$ |
4,709 |
|
|
$ |
1,819 |
|
|
$ |
- |
|
|
$ |
6,528 |
|
|
Total assets
|
|
$ |
335,412 |
|
|
$ |
43,550 |
|
|
$ |
(23,445 |
) |
|
$ |
355,517 |
|
|