10-K Filing

CLEARFIELD, INC. CIK: 796505 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001171843-12-004374`
Period End Date	20120930
Filing Date	20121204
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	clfd-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 33 Cash Flow Statement 47 Stockholders Equity 19

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.68M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.29M	USD	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
Short-term investments	`ShortTermInvestments`	$1.85M	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
Short-term investments	`ShortTermInvestments`	$9.11M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.83M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.23M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.27M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.02M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.83M	shares	Point-in-time
Inventories	`InventoryNet`	$2.97M	USD	Point-in-time
Inventories	`InventoryNet`	$2.76M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.27M	shares	Point-in-time
Deferred taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$1.49M	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`	$473.73K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$22.74M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.28M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$986.03K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.11M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$2.71M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$4.57M	USD	Point-in-time
Goodwill	`Goodwill`	$2.57M	USD	Point-in-time
Goodwill	`Goodwill`	$2.57M	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$3.56M	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$6.50M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$247.51K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$199.47K	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$9.04M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$13.89M	USD	Point-in-time
Total Assets	`Assets`	$37.74M	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`	$1.49M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.47M	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`	$54.27K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.01M	USD	Point-in-time
Deferred rent	`DeferredRentCredit`	$37.64K	USD	Point-in-time
Deferred rent	`DeferredRentCredit`	$61.79K	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.05M	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.07M	USD	Point-in-time
Commitment and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitment and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.01 par value; 500 shares; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value; 500 shares; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $ .01 par value; 50,000,000 shares authorized; 12,830,100 and 12,270,691 shares issued and outstanding at September 30, 2012 and 2011, respectively	`CommonStockValue`	$128.30K	USD	Point-in-time
Common stock, $ .01 par value; 50,000,000 shares authorized; 12,830,100 and 12,270,691 shares issued and outstanding at September 30, 2012 and 2011, respectively	`CommonStockValue`	$122.71K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$53.40M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$54.15M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.59M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.30M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$19.25M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$26.23M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$34.69M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$37.74M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$30.30M	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`Revenues`	$35.19M	USD	Annual
Net revenues	`Revenues`	$37.47M	USD	Annual
Cost of sales	`CostOfRevenue`	$20.53M	USD	Annual
Cost of sales	`CostOfRevenue`	$22.19M	USD	Annual
Gross profit	`GrossProfit`	$15.29M	USD	Annual
Gross profit	`GrossProfit`	$14.66M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$10.99M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$10.99M	USD	Annual
Loss (Gain) on disposal of assets	`GainLossOnDispositionOfAssets`	$44.17K	USD	Annual
Loss (Gain) on disposal of assets	`GainLossOnDispositionOfAssets`	$-23.64K	USD	Annual
OperatingExpenses	`OperatingExpenses`	$11.01M	USD	Annual
OperatingExpenses	`OperatingExpenses`	$10.94M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$3.72M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$4.27M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$109.59K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$102.01K	USD	Annual
Other income	`OtherIncome`	$25.50K	USD	Annual
OtherNonoperatingIncomeExpense	`OtherNonoperatingIncomeExpense`	$135.09K	USD	Annual
OtherNonoperatingIncomeExpense	`OtherNonoperatingIncomeExpense`	$102.01K	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.85M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.38M	USD	Annual
Income tax benefit	`IncomeTaxExpenseBenefit`	$-3.32M	USD	Annual
Income tax benefit	`IncomeTaxExpenseBenefit`	$-2.32M	USD	Annual
Net income	`NetIncomeLoss`	$6.17M	USD	Annual
Net income	`NetIncomeLoss`	$7.70M	USD	Annual
Net income per share Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.51	USD	Annual
Net income per share Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.62	USD	Annual
Net income per share Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.60	USD	Annual
Net income per share Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.48	USD	Annual
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.37M	shares	Annual
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.09M	shares	Annual
Diluted (in Shares)	`WeightedAverageSharesOutstandingDilutedNet`	12.75M	shares	Annual
Diluted (in Shares)	`WeightedAverageSharesOutstandingDilutedNet`	12.79M	shares	Annual

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.17M	USD	Annual
Net income	`NetIncomeLoss`	$7.70M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$358.50K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$404.76K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.41M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-3.44M	USD	Annual
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$44.17K	USD	Annual
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$-23.64K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$470.71K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$535.35K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-15.52K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-206.23K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$212.85K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$1.24M	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$307.41K	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$41.16K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.96M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.02M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.30M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.83M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$745.79K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$550.62K	USD	Annual
Purchase of investments	`PaymentsToAcquireInvestments`	$1.89M	USD	Annual
Purchase of investments	`PaymentsToAcquireInvestments`	$11.94M	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfProductiveAssets`	$718.54K	USD	Annual
Patent additions	`PaymentsToAcquireIntangibleAssets`	$40.42K	USD	Annual
Sale of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$2.33M	USD	Annual
Sale of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$2.82M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.71M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$417.78K	USD	Annual
Proceeds from issuance of common stock under employee stock purchase plan	`ProceedsFromStockPlans`	$142.54K	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`	$142.28K	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`	$284.83K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$280.31K	USD	Annual
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.60M	USD	Annual
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.00M	USD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$5.68M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$11.28M	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`	$5.68M	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`	$5.29M	USD	Point-in-time
Income Taxes	`IncomeTaxesPaid`	$48.26K	USD	Annual
Income Taxes	`IncomeTaxesPaid`	$163.76K	USD	Annual

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance at	`StockholdersEquity`	$19.25M	USD	Point-in-time
Balance at	`StockholdersEquity`	$26.23M	USD	Point-in-time
Balance at	`StockholdersEquity`	$34.69M	USD	Point-in-time
Excess tax benefit of stock options exercised	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$12.48K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$470.71K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$535.35K	USD	Annual
Employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$142.54K	USD	Annual
Employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$87.67K	USD	Annual
Employee stock purchase plan (in Shares)	`StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans`	14,519.00	shares	2 Qtrs
Employee stock purchase plan (in Shares)	`StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans`	17,662.00	shares	2 Qtrs
Employee stock purchase plan (in Shares)	`StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans`	17,710.00	shares	2 Qtrs
Employee stock purchase plan (in Shares)	`StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans`	11,267.00	shares	2 Qtrs
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$142.28K	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$180.17K	USD	Annual
Net income	`NetIncomeLoss`	$6.17M	USD	Annual
Net income	`NetIncomeLoss`	$7.70M	USD	Annual
Balance at	`StockholdersEquity`	$19.25M	USD	Point-in-time
Balance at	`StockholdersEquity`	$26.23M	USD	Point-in-time
Balance at	`StockholdersEquity`	$34.69M	USD	Point-in-time

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