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Note 12 - Segment Reporting (Tables) | 9 Months Ended
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Jun. 30, 2024
Notes Tables |
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 |

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