XML 45 R35.htm IDEA: XBRL DOCUMENT
v3.25.1

Note 12 - Segment Reporting (Tables) | 6 Months Ended
--- | ---
Mar. 31, 2025
Notes Tables |
Reconciliation of Revenue from Segments to Consolidated [Table Text Block] |
|  | Three months ended March 31, 2025 |
(in thousands) |  | Clearfield |  |  | Nestor Cables |  |  | Eliminations |  |  | Consolidated |
Revenue from external customers |  | $ | 40,621 |  |  | $ | 6,547 |  |  | $ | - |  |  | $ | 47,168 |
Revenue from internal customers (Clearfield, Inc.) |  |  | - |  |  |  | 298 |  |  |  | (298 | ) |  |  | - |
Net investment income |  |  | 1,648 |  |  |  | - |  |  |  | (59 | ) |  |  | 1,589 |
Interest expense |  |  | - |  |  |  | 128 |  |  |  | (59 | ) |  |  | 69 |
Depreciation and amortization |  |  | 1,547 |  |  |  | 328 |  |  |  | - |  |  |  | 1,876 |
Stock based compensation |  |  | 1,171 |  |  |  | 117 |  |  |  | - |  |  |  | 1,288 |
Income tax expense (benefit) |  |  | 722 |  |  |  | (267 | ) |  |  | - |  |  |  | 455 |
Net income (loss) |  |  | 2,339 |  |  |  | (1,188 | ) |  |  | 176 |  |  |  | 1,327 |
Capital expenditures |  |  | 1,067 |  |  |  | 1,327 |  |  |  | - |  |  |  | 2,394 |
|  | Six months ended March 31, 2025 |
(in thousands) |  | Clearfield |  |  | Nestor Cables |  |  | Eliminations |  |  | Consolidated |
Revenue from external customers |  | $ | 70,319 |  |  | $ | 12,325 |  |  | $ | - |  |  | $ | 82,644 |
Revenue from internal customers (Clearfield, Inc.) |  |  | - |  |  |  | 964 |  |  |  | (964 | ) |  |  | - |
Net investment income |  |  | 3,451 |  |  |  | - |  |  |  | (119 | ) |  |  | 3,332 |
Interest expense |  |  | - |  |  |  | 288 |  |  |  | (119 | ) |  |  | 169 |
Depreciation and amortization |  |  | 3,061 |  |  |  | 650 |  |  |  | - |  |  |  | 3,711 |
Stock based compensation |  |  | 2,221 |  |  |  | 206 |  |  |  | - |  |  |  | 2,427 |
Income tax expense (benefit) |  |  | 775 |  |  |  | (746 | ) |  |  | - |  |  |  | 29 |
Net income (loss) |  |  | 1,845 |  |  |  | (2,624 | ) |  |  | 202 |  |  |  | (579 | )
Capital expenditures |  |  | 2,390 |  |  |  | 1,643 |  |  |  | - |  |  |  | 4,033 |
|  | Three months ended March 31, 2024 |
(in thousands) |  | Clearfield |  |  | Nestor Cables |  |  | Eliminations |  |  | Consolidated |
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 expense (benefit) |  |  | (1,825 | ) |  |  | (258 | ) |  |  | - |  |  |  | (2,083 | )
Net loss |  |  | (5,001 | ) |  |  | (913 | ) |  |  | 3 |  |  |  | (5,911 | )
Capital expenditures |  |  | 1,806 |  |  |  | 165 |  |  |  | - |  |  |  | 1,971 |
|  | Six months ended March 31, 2024 |
(in thousands) |  | Clearfield |  |  | Nestor Cables |  |  | Eliminations |  |  | Consolidated |
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 expense (benefit) |  |  | (2,408 | ) |  |  | (626 | ) |  |  | - |  |  |  | (3,034 | )
Net loss |  |  | (8,384 | ) |  |  | (2,673 | ) |  |  | (122 | ) |  |  | (11,179 | )
Capital expenditures |  |  | 3,093 |  |  |  | 1,296 |  |  |  | - |  |  |  | 4,389 |
Reconciliation of Assets from Segment to Consolidated [Table Text Block] |
|  | March 31, 2025 |
(in thousands) |  | Clearfield |  |  | Nestor Cables |  |  | Eliminations |  |  | Consolidated |
Goodwill |  | $ | 4,709 |  |  | $ | 1,865 |  |  | $ | - |  |  | $ | 6,573 |
Total assets |  | $ | 293,840 |  |  | $ | 40,193 |  |  | $ | (23,176 | ) |  | $ | 310,857 |
|  | September 30, 2024 |
(in thousands) |  | Clearfield |  |  | Nestor Cables |  |  | Eliminations |  |  | Consolidated |
Goodwill |  | $ | 4,709 |  |  | $ | 1,918 |  |  | $ | - |  |  | $ | 6,627 |
Total assets |  | $ | 300,472 |  |  | $ | 38,773 |  |  | $ | (23,970 | ) |  | $ | 315,275 |

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration