10-Q Filing

CLEARFIELD, INC. CIK: 796505 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001171843-12-001686`
Period End Date	20120331
Filing Date	20120504
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	clfd-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 58 Cash Flow Statement 45

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.65M	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.28M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.85M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$4.28M	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.23M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.64M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Inventories	`InventoryNet`	$3.08M	USD	Point-in-time
Inventories	`InventoryNet`	$2.76M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	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
Deferred taxes	`DeferredTaxAssetsNetCurrent`	$994.00K	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetCurrent`	$994.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.34M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$170.24K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$454.77K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.27M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$18.10M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$20.28M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.34M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.27M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$986.03K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$924.29K	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$2.71M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$5.08M	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`	$-3.52M	USD	Point-in-time
Deferred taxes long term	`DeferredTaxLiabilitiesNoncurrent`	$-3.56M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$227.56K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$199.47K	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$11.39M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$9.04M	USD	Point-in-time
Total Assets	`Assets`	$30.30M	USD	Point-in-time
Total Assets	`Assets`	$30.41M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.65M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.44M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$981.61K	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$2.47M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$29.78K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$106.38K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.01M	USD	Point-in-time
Deferred rent	`DeferredRentCredit`	$50.61K	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`	$2.71M	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; 12,339,275 and 12,270,691, shares issued and outstanding at March 31, 2012 and September 30, 2011	`CommonStockValue`	$123.39K	USD	Point-in-time
Common stock, authorized 50,000,000, $.01 par value; 12,339,275 and 12,270,691, shares issued and outstanding at March 31, 2012 and September 30, 2011	`CommonStockValue`	$122.71K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$53.74M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$53.40M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-26.16M	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`	$27.70M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$30.41M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$30.30M	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$7.12M	USD	1 Quarter
Revenues	`Revenues`	$7.11M	USD	1 Quarter
Revenues	`Revenues`	$14.37M	USD	2 Qtrs
Revenues	`Revenues`	$16.28M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$9.76M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$4.39M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$4.23M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$8.51M	USD	2 Qtrs
Gross profit	`GrossProfit`	$2.72M	USD	1 Quarter
Gross profit	`GrossProfit`	$6.51M	USD	2 Qtrs
Gross profit	`GrossProfit`	$5.86M	USD	2 Qtrs
Gross profit	`GrossProfit`	$2.89M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.35M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.37M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.83M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.57M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.17M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$525.44K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.03M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$147.05K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$53.55K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$26.36K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$56.46K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$26.95K	USD	1 Quarter
Other income	`OtherIncome`	$15.50K	USD	2 Qtrs
Other income	`OtherIncome`	$15.00K	USD	1 Quarter
OtherNonoperatingIncomeExpense	`OtherNonoperatingIncomeExpense`	$71.96K	USD	2 Qtrs
OtherNonoperatingIncomeExpense	`OtherNonoperatingIncomeExpense`	$53.55K	USD	2 Qtrs
OtherNonoperatingIncomeExpense	`OtherNonoperatingIncomeExpense`	$26.36K	USD	1 Quarter
OtherNonoperatingIncomeExpense	`OtherNonoperatingIncomeExpense`	$41.95K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$173.42K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$567.39K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.10M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.22M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$34.91K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$90.24K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$41.49K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$70.39K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.03M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$131.93K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.13M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$532.49K	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.09	USD	2 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.09	USD	2 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.08	USD	2 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.32M	shares	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.05M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.33M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.03M	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.76M	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.69M	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.76M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.79M	shares	1 Quarter

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.03M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$131.93K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.13M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$532.49K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$190.34K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$196.79K	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$41.07K	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$42.21K	USD	2 Qtrs
Loss on disposal of assets	`GainLossOnDispositionOfAssets`	$-21.08K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$119.89K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$219.27K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$261.65K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$592.95K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-318.63K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-301.40K	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$-130.55K	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$-284.53K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.37M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$539.84K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.76M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$232.96K	USD	2 Qtrs
Purchases of property and equipment and intangible assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$181.30K	USD	2 Qtrs
Purchases of property and equipment and intangible assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$167.77K	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$160.66K	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$6.46M	USD	2 Qtrs
Proceeds from maturities of investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$1.66M	USD	2 Qtrs
Proceeds from maturities of investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$627.53K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$299.09K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.98M	USD	2 Qtrs
Proceeds from issuance of common stock under employee stock purchase plan	`ProceedsFromIssuanceOfCommonStock`	$70.31K	USD	2 Qtrs
Proceeds from issuance of common stock under employee stock purchase plan	`ProceedsFromIssuanceOfCommonStock`	$37.72K	USD	2 Qtrs
Proceeds from issuance of common stock upon exercise of stock options	`ProceedsFromStockOptionsExercised`	$50.56K	USD	2 Qtrs
Proceeds from issuance of common stock upon exercise of stock options	`ProceedsFromStockOptionsExercised`	$21.60K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$59.32K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$120.86K	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.63M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.11M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.40M	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`	$6.65M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.28M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.40M	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`	$6.65M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.28M	USD	Point-in-time

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