10-Q Filing

CLEARFIELD, INC. CIK: 796505 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001171843-11-002230`
Period End Date	20110630
Filing Date	20110729
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	clfd-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 67 Cash Flow Statement 49

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.23M	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.89M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	500.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	500.00	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.76M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$3.14M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.24M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.68M	USD	Point-in-time
Inventories	`InventoryNet`	$2.20M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Inventories	`InventoryNet`	$1.51M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$254.42K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$129.08K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.14M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.02M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$17.50M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$11.94M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.14M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.27M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.02M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$910.42K	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$2.22M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$3.24M	USD	Point-in-time
Goodwill	`Goodwill`	$2.57M	USD	Point-in-time
Goodwill	`Goodwill`	$2.57M	USD	Point-in-time
Deferred taxes long term	`DeferredTaxLiabilitiesNoncurrent`	$-2.08M	USD	Point-in-time
Deferred taxes long term	`DeferredTaxLiabilitiesNoncurrent`	$-2.15M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$176.37K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$176.37K	USD	Point-in-time
Patents	`FiniteLivedPatentsGross`	$23.10K	USD	Point-in-time
Patents	`FiniteLivedPatentsGross`	$23.10K	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$7.07M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$8.15M	USD	Point-in-time
Total Assets	`Assets`	$21.36M	USD	Point-in-time
Total Assets	`Assets`	$25.48M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.19M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$2.11M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$765.18K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$82.87K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$91.56K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.04M	USD	Point-in-time
Deferred rent	`DeferredRentCredit`	$78.58K	USD	Point-in-time
Deferred rent	`DeferredRentCredit`	$67.39K	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.57M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.11M	USD	Point-in-time
Common stock, authorized 50,000,000, $.01 par value; 12,136,482 and 12,015,331, shares issued and outstanding at June 30, 2011 and September 30, 2010	`CommonStockValue`	$121.36K	USD	Point-in-time
Common stock, authorized 50,000,000, $.01 par value; 12,136,482 and 12,015,331, shares issued and outstanding at June 30, 2011 and September 30, 2010	`CommonStockValue`	$120.15K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$52.59M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$52.94M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-33.46M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.15M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$21.91M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$19.25M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$25.48M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$21.36M	USD	Point-in-time

Income Statement 67 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$24.49M	USD	3 Qtrs
Revenues	`Revenues`	$10.12M	USD	1 Quarter
Revenues	`Revenues`	$6.78M	USD	1 Quarter
Revenues	`Revenues`	$16.45M	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$10.41M	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$5.81M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$4.17M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$14.31M	USD	3 Qtrs
Gross profit	`GrossProfit`	$4.32M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$10.18M	USD	3 Qtrs
Gross profit	`GrossProfit`	$6.04M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.90M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.75M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.99M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.08M	USD	1 Quarter
Gain on disposal of assets	`GainLossOnDispositionOfAssets`	$44.35K	USD	1 Quarter
Gain on disposal of assets	`GainLossOnDispositionOfAssets`	$44.35K	USD	3 Qtrs
OperatingExpenses	`OperatingExpenses`	$1.99M	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$7.86M	USD	3 Qtrs
OperatingExpenses	`OperatingExpenses`	$5.75M	USD	3 Qtrs
OperatingExpenses	`OperatingExpenses`	$3.03M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$291.37K	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$1.29M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$610.62K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.32M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$112.12K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$36.49K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$83.06K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$26.60K	USD	1 Quarter
Interest expense	`InterestExpense`	$820.00	USD	3 Qtrs
Other income	`OtherIncome`	$11.50K	USD	1 Quarter
Other income	`OtherIncome`	$35.85K	USD	3 Qtrs
Other income	`OtherIncome`	$25.50K	USD	3 Qtrs
Other income	`OtherIncome`	$10.00K	USD	1 Quarter
OtherNonoperatingIncomeExpense	`OtherNonoperatingIncomeExpense`	$47.99K	USD	1 Quarter
OtherNonoperatingIncomeExpense	`OtherNonoperatingIncomeExpense`	$36.60K	USD	1 Quarter
OtherNonoperatingIncomeExpense	`OtherNonoperatingIncomeExpense`	$108.56K	USD	3 Qtrs
OtherNonoperatingIncomeExpense	`OtherNonoperatingIncomeExpense`	$147.16K	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$438.52K	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$658.61K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.32M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.43M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$45.49K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$77.56K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$29.59K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$115.88K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$629.01K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.31M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$360.96K	USD	3 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.03	USD	3 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.19	USD	3 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.18	USD	3 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.03	USD	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.99M	shares	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.10M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.05M	shares	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.00M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.44M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.74M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.83M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.46M	shares	3 Qtrs

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$629.01K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.31M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$360.96K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$266.42K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$363.19K	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$63.32K	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$61.60K	USD	3 Qtrs
Gain on disposal of assets	`GainLossOnDispositionOfAssets`	$44.35K	USD	1 Quarter
Gain on disposal of assets	`GainLossOnDispositionOfAssets`	$44.35K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$208.56K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$119.11K	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-394.61K	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$249.53K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-685.26K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-277.93K	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$-125.34K	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$-76.07K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-544.37K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.47M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.07M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$257.74K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$343.04K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$577.92K	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$660.29K	USD	3 Qtrs
Patent additions	`PaymentsToAcquireIntangibleAssets`	$27.65K	USD	3 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$1.40M	USD	3 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$2.01M	USD	3 Qtrs
Proceeds from maturities of investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$1.04M	USD	3 Qtrs
Proceeds from maturities of investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$1.85M	USD	3 Qtrs
Proceeds from notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$435.34K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-92.51K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-273.60K	USD	3 Qtrs
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$33.08K	USD	3 Qtrs
Proceeds from issuance of common stock under employee stock purchase plan	`ProceedsFromIssuanceOfCommonStock`	$87.67K	USD	3 Qtrs
Proceeds from issuance of common stock upon exercise of stock options	`ProceedsFromStockOptionsExercised`	$22.44K	USD	3 Qtrs
Proceeds from issuance of common stock upon exercise of stock options	`ProceedsFromStockOptionsExercised`	$58.94K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.64K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$146.61K	USD	3 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$154.58K	USD	3 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.94M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.73M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.29M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.23M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.89M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.73M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.29M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.23M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.89M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.