10-K Filing

CLEARFIELD, INC. CIK: 796505 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001171843-11-003637`
Period End Date	20110930
Filing Date	20111130
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	clfd-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 34 Cash Flow Statement 49 Stockholders Equity 14

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	500.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	500.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.73M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.29M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.76M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.85M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.24M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.23M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$2.76M	USD	Point-in-time
Inventories	`InventoryNet`	$1.51M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.27M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.02M	shares	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetCurrent`	$994.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.27M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$129.08K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.02M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$170.24K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.28M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.94M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$986.03K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.27M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$3.24M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$2.71M	USD	Point-in-time
Goodwill	`Goodwill`	$2.57M	USD	Point-in-time
Goodwill	`Goodwill`	$2.57M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$-2.15M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$-3.56M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$199.47K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$199.47K	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$8.15M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$9.04M	USD	Point-in-time
Total Assets	`Assets`	$21.36M	USD	Point-in-time
Total Assets	`Assets`	$30.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.44M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.19M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$765.18K	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$2.47M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$82.87K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$106.38K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.04M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.01M	USD	Point-in-time
Deferred rent	`DeferredRentCredit`	$78.58K	USD	Point-in-time
Deferred rent	`DeferredRentCredit`	$61.79K	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.07M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.11M	USD	Point-in-time
Commitment and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitment and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $ .01 par value; 50,000,000 shares authorized; 12,270,691 and 12,015,331 shares issued and outstanding at September 30, 2011 and 2010, respectively	`CommonStockValue`	$122.71K	USD	Point-in-time
Common stock, $ .01 par value; 50,000,000 shares authorized; 12,270,691 and 12,015,331 shares issued and outstanding at September 30, 2011 and 2010, respectively	`CommonStockValue`	$120.15K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$52.59M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$53.40M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-33.46M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$17.85M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$26.23M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$19.25M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$30.30M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$21.36M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`Revenues`	$24.37M	USD	Annual
Net revenues	`Revenues`	$35.19M	USD	Annual
Cost of sales	`CostOfRevenue`	$20.53M	USD	Annual
Cost of sales	`CostOfRevenue`	$15.23M	USD	Annual
Gross profit	`GrossProfit`	$9.14M	USD	Annual
Gross profit	`GrossProfit`	$14.66M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$10.99M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.01M	USD	Annual
Gain on disposal of assets	`GainLossOnDispositionOfAssets`	$44.17K	USD	Annual
OperatingExpenses	`OperatingExpenses`	$8.01M	USD	Annual
OperatingExpenses	`OperatingExpenses`	$10.94M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$3.72M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$1.12M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$109.59K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$143.47K	USD	Annual
Interest expense	`InterestExpense`	$820.00	USD	Annual
Other income	`OtherIncome`	$25.50K	USD	Annual
Other income	`OtherIncome`	$36.35K	USD	Annual
OtherNonoperatingIncomeExpense	`OtherNonoperatingIncomeExpense`	$179.00K	USD	Annual
OtherNonoperatingIncomeExpense	`OtherNonoperatingIncomeExpense`	$135.09K	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.85M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.30M	USD	Annual
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$121.46K	USD	Annual
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-2.32M	USD	Annual
Net income	`NetIncomeLoss`	$1.18M	USD	Annual
Net income	`NetIncomeLoss`	$6.17M	USD	Annual
Net income per share Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.10	USD	Annual
Net income per share Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.51	USD	Annual
Net income per share Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	Annual
Net income per share Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.48	USD	Annual
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.99M	shares	Annual
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.09M	shares	Annual
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.75M	shares	Annual
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.45M	shares	Annual

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.18M	USD	Annual
Net income	`NetIncomeLoss`	$6.17M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$498.01K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$358.50K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.41M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$86.63K	USD	Annual
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$44.17K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$167.72K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$535.35K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$520.97K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-15.52K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$358.44K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$1.24M	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$41.16K	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-8.41K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$1.96M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-432.97K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$629.35K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.30M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$452.68K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$745.79K	USD	Annual
Purchase of investments	`PaymentsToAcquireInvestments`	$2.48M	USD	Annual
Purchase of investments	`PaymentsToAcquireInvestments`	$1.89M	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfProductiveAssets`	$1.05K	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfProductiveAssets`	$718.54K	USD	Annual
Patent additions	`PaymentsToAcquireIntangibleAssets`	$23.10K	USD	Annual
Sale of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$2.43M	USD	Annual
Sale of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$2.33M	USD	Annual
Proceeds from notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$435.34K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-91.86K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$417.78K	USD	Annual
Payment of long-term debt	`RepaymentsOfLongTermDebt`	$33.08K	USD	Annual
Proceeds from issuance of common stock under employee stock purchase plan	`ProceedsFromStockPlans`	$87.67K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromStockOptionsExercised`	$49.58K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromStockOptionsExercised`	$180.17K	USD	Annual
Excess tax benefit from exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$12.48K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$280.31K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$16.50K	USD	Annual
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.00M	USD	Annual
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$553.98K	USD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$11.28M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$4.73M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$5.29M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$11.28M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$4.73M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$5.29M	USD	Point-in-time
Interest	`InterestPaid`	$820.00	USD	Annual
Income Taxes	`IncomeTaxesPaid`	$48.26K	USD	Annual
Income Taxes	`IncomeTaxesPaid`	$26.80K	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$17.85M	USD	Point-in-time
Balance	`StockholdersEquity`	$26.23M	USD	Point-in-time
Balance	`StockholdersEquity`	$19.25M	USD	Point-in-time
Excess tax benefit of stock options exercised	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$12.48K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$167.72K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$535.35K	USD	Annual
Employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$87.67K	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$180.17K	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$49.58K	USD	Annual
Net income	`NetIncomeLoss`	$1.18M	USD	Annual
Net income	`NetIncomeLoss`	$6.17M	USD	Annual
Balance	`StockholdersEquity`	$17.85M	USD	Point-in-time
Balance	`StockholdersEquity`	$26.23M	USD	Point-in-time
Balance	`StockholdersEquity`	$19.25M	USD	Point-in-time

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