Clearfield, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 11 - Goodwill and Intangibles (Tables)

Note 11 - Goodwill and Intangibles (Tables)

6 Months Ended

Mar. 31, 2024

Schedule of Intangible Assets and Goodwill [Table Text Block]

(In thousands)	March 31, 2024		September 30, 2023
Goodwill	$	6,568	$	6,528
Other intangibles, net		6,219		6,092
Total goodwill and other intangibles, net	$	12,787	$	12,620

Schedule of Goodwill [Table Text Block]

(In thousands)	Clearfield, Inc.		Nestor		Total
Balance as of September 30, 2023	$	4,708	$	1,820	$	6,528
Currency translation effect on foreign goodwill balances		-		40		40
Balance as of March 31, 2024	$	4,708	$	1,860	$	6,568

Schedule of Finite-Lived Intangible Assets [Table Text Block]

	March 31, 2024
(In thousands)	Gross Carrying Amount		Accumulated Amortization		Net Book Value Amount
Customer relationships	$	4,845	$	1,715	$	3,130
Certifications		584		334		250
Trademarks		1,290		682		608
Patents		1,172		192		980
Developed technology		295		-		295
Other		6		6		-
Software		3,292		2,336		956
Totals	$	11,484	$	5,265	$	6,219

	September 30, 2023
(In thousands)	Gross Carrying Amount		Accumulated Amortization		Net Book Value Amount
Customer relationships	$	4,894	$	1,582	$	3,312
Certifications		584		267		317
Trademarks		1,333		700		633
Patents		1,119		165		954
Developed technology		311		22		289
Other		6		6		-
Software		2,613		2,026		587
Totals	$	10,860	$	4,768	$	6,092

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

(In thousands)	Estimated amortization expense
FY 2024 (remaining)	$	653
FY 2025		953
FY 2026		678
FY 2027		393
FY 2028		373
Thereafter		3,169
Total	$	6,219

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

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+ Details