10-Q Filing

CLEARFIELD, INC. CIK: 796505 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001171843-12-002817`
Period End Date	20120630
Filing Date	20120731
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	clfd-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 58 Cash Flow Statement 47

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.23M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.28M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.98M	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
Short-term investments	`ShortTermInvestments`	$5.84M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.85M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.46M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.27M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$4.09M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.23M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.27M	shares	Point-in-time
Inventories	`InventoryNet`	$2.76M	USD	Point-in-time
Inventories	`InventoryNet`	$3.00M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.46M	shares	Point-in-time
Deferred taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$994.00K	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$994.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$170.24K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$521.69K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$20.28M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$20.43M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$934.95K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$986.03K	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$4.81M	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 long term	`DeferredTaxAssetsNetNoncurrent`	$3.50M	USD	Point-in-time
Deferred taxes long term	`DeferredTaxAssetsNetNoncurrent`	$3.56M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$199.47K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$229.78K	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$11.10M	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`	$32.46M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.29M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.44M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.34M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$2.47M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$106.38K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$74.55K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.70M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.01M	USD	Point-in-time
Deferred rent	`DeferredRentCredit`	$45.02K	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`	$2.75M	USD	Point-in-time
Common stock, authorized 50,000,000, $.01 par value; 12,460,845 and 12,270,691, shares issued and outstanding at June 30, 2012 and September 30, 2011	`CommonStockValue`	$122.71K	USD	Point-in-time
Common stock, authorized 50,000,000, $.01 par value; 12,460,845 and 12,270,691, shares issued and outstanding at June 30, 2012 and September 30, 2011	`CommonStockValue`	$124.61K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$53.40M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$54.02M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-24.42M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.30M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$29.72M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$26.23M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$30.30M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$32.46M	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$10.79M	USD	1 Quarter
Revenues	`Revenues`	$27.07M	USD	3 Qtrs
Revenues	`Revenues`	$10.12M	USD	1 Quarter
Revenues	`Revenues`	$24.49M	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$16.00M	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$14.31M	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$6.24M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$5.81M	USD	1 Quarter
Gross profit	`GrossProfit`	$11.07M	USD	3 Qtrs
Gross profit	`GrossProfit`	$10.18M	USD	3 Qtrs
Gross profit	`GrossProfit`	$4.56M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.32M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.03M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.86M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.77M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.12M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$1.29M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.78M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.95M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$2.32M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$23.88K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$26.60K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$77.42K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$83.06K	USD	3 Qtrs
Other income	`OtherIncome`	$25.50K	USD	3 Qtrs
Other income	`OtherIncome`	$10.00K	USD	1 Quarter
OtherNonoperatingIncomeExpense	`OtherNonoperatingIncomeExpense`	$36.60K	USD	1 Quarter
OtherNonoperatingIncomeExpense	`OtherNonoperatingIncomeExpense`	$108.56K	USD	3 Qtrs
OtherNonoperatingIncomeExpense	`OtherNonoperatingIncomeExpense`	$77.42K	USD	3 Qtrs
OtherNonoperatingIncomeExpense	`OtherNonoperatingIncomeExpense`	$23.88K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.32M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.43M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.03M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.81M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$64.44K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$115.88K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$45.49K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$154.68K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.74M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.31M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.87M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.28M	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.19	USD	3 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.23	USD	3 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.23	USD	3 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.18	USD	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.34M	shares	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.10M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.39M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.05M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageSharesOutstandingDilutedNet`	12.74M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageSharesOutstandingDilutedNet`	12.67M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageSharesOutstandingDilutedNet`	12.83M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageSharesOutstandingDilutedNet`	12.73M	shares	3 Qtrs

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.74M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.31M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.87M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.28M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$266.42K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$299.61K	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$61.60K	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$61.60K	USD	3 Qtrs
Loss on disposal of assets	`GainLossOnDispositionOfAssets`	$44.35K	USD	3 Qtrs
Loss on disposal of assets	`GainLossOnDispositionOfAssets`	$-21.08K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$208.56K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$326.65K	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-394.61K	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-863.81K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-685.26K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-241.55K	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$-351.44K	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$-125.34K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.47M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.33M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$793.47K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.07M	USD	3 Qtrs
Purchases of property and equipment and intangible assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$577.92K	USD	3 Qtrs
Purchases of property and equipment and intangible assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$297.01K	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$660.29K	USD	3 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$1.40M	USD	3 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$8.66M	USD	3 Qtrs
Proceeds from maturities of investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$1.04M	USD	3 Qtrs
Proceeds from maturities of investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$2.57M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-273.60K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.38M	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 under employee stock purchase plan	`ProceedsFromIssuanceOfCommonStock`	$142.54K	USD	3 Qtrs
Proceeds from issuance of common stock upon exercise of stock options	`ProceedsFromStockOptionsExercised`	$58.94K	USD	3 Qtrs
Proceeds from issuance of common stock upon exercise of stock options	`ProceedsFromStockOptionsExercised`	$147.71K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$290.25K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$146.61K	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.30M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.94M	USD	3 Qtrs
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`	$11.28M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.98M	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`	$11.28M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.98M	USD	Point-in-time

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