10-Q Filing

CLEARFIELD, INC. CIK: 796505 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001171843-12-000261`
Period End Date	20111231
Filing Date	20120127
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	clfd-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 29 Cash Flow Statement 43

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.38M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.28M	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`	$6.97M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.85M	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`	$3.88M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.03M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.23M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$2.76M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Inventories	`InventoryNet`	$2.53M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetCurrent`	$994.00K	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetCurrent`	$994.00K	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`	12.33M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.27M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$228.55K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$170.24K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$17.03M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$20.28M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.33M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.27M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$930.69K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$986.03K	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$2.71M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$5.31M	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`	$-3.56M	USD	Point-in-time
Deferred taxes long term	`DeferredTaxLiabilitiesNoncurrent`	$-3.54M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$199.47K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$199.47K	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$11.62M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$9.04M	USD	Point-in-time
Total Assets	`Assets`	$29.58M	USD	Point-in-time
Total Assets	`Assets`	$30.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$969.76K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.44M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$2.47M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.04M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$106.38K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$72.73K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.08M	USD	Point-in-time
Deferred rent	`DeferredRentCredit`	$56.20K	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`	$2.13M	USD	Point-in-time
Preferred stock, $.01 par value; authorized 500 shares; no shares outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value; authorized 500 shares; no shares outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, authorized 50,000,000, $.01 par value; 12,326,233 and 12,270,691, shares issued and outstanding at December 31, 2011 and September 30, 2011	`CommonStockValue`	$123.26K	USD	Point-in-time
Common stock, authorized 50,000,000, $.01 par value; 12,326,233 and 12,270,691, shares issued and outstanding at December 31, 2011 and September 30, 2011	`CommonStockValue`	$122.71K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$53.40M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$53.62M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-26.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.30M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$26.23M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$27.45M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$29.58M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$30.30M	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$9.17M	USD	1 Quarter
Revenues	`Revenues`	$7.25M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$4.28M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$5.37M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.97M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.79M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.46M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.77M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.02M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$506.63K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$29.51K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$27.18K	USD	1 Quarter
Other income	`OtherIncome`	$500.00	USD	1 Quarter
OtherNonoperatingIncomeExpense	`OtherNonoperatingIncomeExpense`	$27.18K	USD	1 Quarter
OtherNonoperatingIncomeExpense	`OtherNonoperatingIncomeExpense`	$30.01K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$536.64K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.05M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$35.48K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$48.75K	USD	1 Quarter
Net income	`NetIncomeLoss`	$999.60K	USD	1 Quarter
Net income	`NetIncomeLoss`	$501.16K	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.02M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.30M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.73M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.63M	shares	1 Quarter

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$999.60K	USD	1 Quarter
Net income	`NetIncomeLoss`	$501.16K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$96.08K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$105.24K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$21.11K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$21.11K	USD	1 Quarter
Loss on disposal of assets	`GainLossOnDispositionOfAssets`	$-21.08K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$112.15K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$58.29K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$1.20M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$925.04K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$230.69K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-92.95K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$3.04K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$-58.31K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$120.34K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.94M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$685.42K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.64M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$38.41K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$63.43K	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$160.66K	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$5.23M	USD	1 Quarter
Proceeds from maturities of investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$195.53K	USD	1 Quarter
Proceeds from maturities of investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$596.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.70M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.54K	USD	1 Quarter
Proceeds from issuance of common stock under employee stock purchase plan	`ProceedsFromIssuanceOfCommonStock`	$37.72K	USD	1 Quarter
Proceeds from issuance of common stock under employee stock purchase plan	`ProceedsFromIssuanceOfCommonStock`	$70.31K	USD	1 Quarter
Proceeds from issuance of common stock upon exercise of stock options	`ProceedsFromStockOptionsExercised`	$37.68K	USD	1 Quarter
Proceeds from issuance of common stock upon exercise of stock options	`ProceedsFromStockOptionsExercised`	$10.53K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$107.99K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$48.25K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.91M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.69M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.29M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.38M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.28M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.97M	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`	$7.38M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.28M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.97M	USD	Point-in-time

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