XML 44 R34.htm IDEA: XBRL DOCUMENT
v3.25.2

Note 12 - Segment Reporting (Tables) | 9 Months Ended
--- | ---
Jun. 30, 2025
Notes Tables |
Reconciliation of Revenue from Segments to Consolidated [Table Text Block] |
|  | Three months ended June 30, 2025 |
|  | Clearfield |  |  | Nestor Cables |  |  | Eliminations |  |  | Consolidated |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 38,755 |  |  | $ | 11,148 |  |  | $ | - |  |  | $ | 49,903 |
Revenue from internal customers (Clearfield, Inc.) |  |  | - |  |  |  | 262 |  |  |  | (262 | ) |  |  | - |
Net investment income |  |  | 1,646 |  |  |  | - |  |  |  | (58 | ) |  |  | 1,588 |
Interest expense |  |  | - |  |  |  | 164 |  |  |  | (58 | ) |  |  | 106 |
Depreciation and amortization |  |  | 1,581 |  |  |  | 336 |  |  |  | - |  |  |  | 1,917 |
Stock based compensation |  |  | 1,196 |  |  |  | 117 |  |  |  | - |  |  |  | 1,313 |
Income tax expense |  |  | 787 |  |  |  | 585 |  |  |  | - |  |  |  | 1,372 |
Net income (loss) |  |  | 2,219 |  |  |  | (709 | ) |  |  | 96 |  |  |  | 1,606 |
Capital expenditures |  |  | 406 |  |  |  | 1 |  |  |  | - |  |  |  | 407 |
|  | Nine months ended June 30, 2025 |
|  | Clearfield |  |  | Nestor Cables |  |  | Eliminations |  |  | Consolidated |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 109,074 |  |  | $ | 23,473 |  |  | $ | - |  |  | $ | 132,547 |
Revenue from internal customers (Clearfield, Inc.) |  |  | - |  |  |  | 1,226 |  |  |  | (1,226 | ) |  |  | - |
Net investment income |  |  | 5,099 |  |  |  | - |  |  |  | (179 | ) |  |  | 4,920 |
Interest expense |  |  | - |  |  |  | 454 |  |  |  | (179 | ) |  |  | 275 |
Depreciation and amortization |  |  | 4,763 |  |  |  | 1,003 |  |  |  | - |  |  |  | 5,766 |
Stock based compensation |  |  | 3,417 |  |  |  | 323 |  |  |  | - |  |  |  | 3,740 |
Income tax expense (benefit) |  |  | 1,562 |  |  |  | (161 | ) |  |  | - |  |  |  | 1,401 |
Net income (loss) |  |  | 4,064 |  |  |  | (3,335 | ) |  |  | 299 |  |  |  | 1,028 |
Capital expenditures |  |  | 2,796 |  |  |  | 1,684 |  |  |  | - |  |  |  | 4,480 |
|  | 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 |
Reconciliation of Assets from Segment to Consolidated [Table Text Block] |
|  | June 30, 2025 |
|  | Clearfield |  |  | Nestor Cables |  |  | Eliminations |  |  | Consolidated |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | 4,709 |  |  | $ | 2,031 |  |  | $ | - |  |  | $ | 6,740 |
Total assets |  | $ | 292,178 |  |  | $ | 46,204 |  |  | $ | (23,672 | ) |  | $ | 314,710 |
|  | 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