| Reconciliation of Revenue from Segments to Consolidated [Table Text Block] |
| |
|
Three months ended June 30, 2024
|
|
| |
|
Clearfield
|
|
|
Nestor Cables
|
|
|
Eliminations
|
|
|
Consolidated
|
|
|
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue from external customers
|
|
$ |
33,670 |
|
|
$ |
15,123 |
|
|
$ |
- |
|
|
$ |
48,793 |
|
|
Revenue from internal customers (Clearfield, Inc.)
|
|
|
- |
|
|
|
389 |
|
|
|
(389 |
) |
|
|
- |
|
|
Net investment income
|
|
|
1,799 |
|
|
|
- |
|
|
|
(64 |
) |
|
|
1,735 |
|
|
Interest expense
|
|
|
- |
|
|
|
213 |
|
|
|
(60 |
) |
|
|
153 |
|
|
Depreciation and amortization
|
|
|
1,535 |
|
|
|
375 |
|
|
|
- |
|
|
|
1,910 |
|
|
Stock based compensation
|
|
|
1,080 |
|
|
|
72 |
|
|
|
- |
|
|
|
1,152 |
|
|
Income tax benefit
|
|
|
(249 |
) |
|
|
(28 |
) |
|
|
- |
|
|
|
(277 |
) |
|
Net income (loss)
|
|
|
(478 |
) |
|
|
(164 |
) |
|
|
195 |
|
|
|
(447 |
) |
|
Capital expenditures
|
|
|
1,115 |
|
|
|
106 |
|
|
|
- |
|
|
|
1,221 |
|
| |
|
Nine months ended June 30, 2024
|
|
| |
|
Clearfield
|
|
|
Nestor Cables
|
|
|
Eliminations
|
|
|
Consolidated
|
|
|
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue from external customers
|
|
$ |
89,371 |
|
|
$ |
30,562 |
|
|
$ |
- |
|
|
$ |
119,933 |
|
|
Revenue from internal customers (Clearfield, Inc.)
|
|
|
- |
|
|
|
1,490 |
|
|
|
(1,490 |
) |
|
|
- |
|
|
Net investment income
|
|
|
5,832 |
|
|
|
- |
|
|
|
(179 |
) |
|
|
5,653 |
|
|
Interest expense
|
|
|
- |
|
|
|
558 |
|
|
|
(177 |
) |
|
|
381 |
|
|
Depreciation and amortization
|
|
|
4,383 |
|
|
|
1,098 |
|
|
|
- |
|
|
|
5,481 |
|
|
Stock based compensation
|
|
|
3,242 |
|
|
|
195 |
|
|
|
- |
|
|
|
3,437 |
|
|
Income tax benefit
|
|
|
(2,657 |
) |
|
|
(654 |
) |
|
|
- |
|
|
|
(3,311 |
) |
|
Net loss
|
|
|
(8,862 |
) |
|
|
(2,836 |
) |
|
|
72 |
|
|
|
(11,626 |
) |
|
Capital expenditures
|
|
|
4,207 |
|
|
|
1,401 |
|
|
|
- |
|
|
|
5,608 |
|
| |
|
Three months ended June 30, 2023
|
|
| |
|
Clearfield
|
|
|
Nestor Cables
|
|
|
Eliminations
|
|
|
Consolidated
|
|
|
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue from external customers
|
|
$ |
47,856 |
|
|
$ |
13,428 |
|
|
$ |
- |
|
|
$ |
61,284 |
|
|
Revenue from internal customers (Clearfield, Inc.)
|
|
|
- |
|
|
|
1,869 |
|
|
|
(1,869 |
) |
|
|
- |
|
|
Net investment income
|
|
|
1,685 |
|
|
|
1 |
|
|
|
(56 |
) |
|
|
1,630 |
|
|
Interest expense
|
|
|
- |
|
|
|
252 |
|
|
|
(56 |
) |
|
|
195 |
|
|
Depreciation and amortization
|
|
|
1,208 |
|
|
|
371 |
|
|
|
- |
|
|
|
1,579 |
|
|
Stock based compensation
|
|
|
1,041 |
|
|
|
18 |
|
|
|
- |
|
|
|
1,059 |
|
|
Income taxes
|
|
|
1,659 |
|
|
|
183 |
|
|
|
- |
|
|
|
1,842 |
|
|
Net income (loss)
|
|
|
5,150 |
|
|
|
781 |
|
|
|
(713 |
) |
|
|
5,218 |
|
|
Capital expenditures
|
|
|
1,472 |
|
|
|
258 |
|
|
|
- |
|
|
|
1,729 |
|
| |
|
Nine months ended June 30, 2023
|
|
| |
|
Clearfield
|
|
|
Nestor Cables
|
|
|
Eliminations
|
|
|
Consolidated
|
|
|
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue from external customers
|
|
$ |
186,662 |
|
|
$ |
32,373 |
|
|
$ |
- |
|
|
$ |
219,035 |
|
|
Revenue from internal customers (Clearfield, Inc.)
|
|
|
- |
|
|
|
4,792 |
|
|
|
(4,792 |
) |
|
|
- |
|
|
Net investment income
|
|
|
3,379 |
|
|
|
5 |
|
|
|
(56 |
) |
|
|
3,328 |
|
|
Interest expense
|
|
|
170 |
|
|
|
437 |
|
|
|
(56 |
) |
|
|
551 |
|
|
Depreciation and amortization
|
|
|
3,316 |
|
|
|
1,096 |
|
|
|
- |
|
|
|
4,411 |
|
|
Stock based compensation
|
|
|
2,486 |
|
|
|
18 |
|
|
|
- |
|
|
|
2,504 |
|
|
Income taxes
|
|
|
8,305 |
|
|
|
206 |
|
|
|
- |
|
|
|
8,511 |
|
|
Net income (loss)
|
|
|
30,263 |
|
|
|
873 |
|
|
|
(1,299 |
) |
|
|
29,837 |
|
|
Capital expenditures
|
|
|
5,961 |
|
|
|
570 |
|
|
|
- |
|
|
|
6,531 |
|
|
| Reconciliation of Assets from Segment to Consolidated [Table Text Block] |
| |
|
June 30, 2024
|
|
| |
|
Clearfield
|
|
|
Nestor Cables
|
|
|
Eliminations
|
|
|
Consolidated
|
|
|
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goodwill
|
|
$ |
4,709 |
|
|
$ |
1,844 |
|
|
$ |
- |
|
|
$ |
6,553 |
|
|
Total assets
|
|
$ |
298,982 |
|
|
$ |
42,727 |
|
|
$ |
(23,614 |
) |
|
$ |
318,095 |
|
| |
|
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 |
|
|