10-Q Filing

CLEARFIELD, INC. CIK: 796505 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001171843-13-000342`
Period End Date	20121231
Filing Date	20130131
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	clfd-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 26 Cash Flow Statement 45

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.68M	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`	$7.38M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.14M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$9.11M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$10.00M	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	500.00	shares	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	500.00	shares	Point-in-time
Accounts receivables	`AccountsReceivableNetCurrent`	$3.02M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivables	`AccountsReceivableNetCurrent`	$3.20M	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`	$2.97M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Inventories	`InventoryNet`	$3.63M	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$1.49M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$1.49M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.85M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$473.73K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$349.70K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.83M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.83M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$22.74M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.85M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$24.81M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.11M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.29M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$3.19M	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 long term	`DeferredTaxAssetsNetNoncurrent`	$6.50M	USD	Point-in-time
Deferred taxes long term	`DeferredTaxAssetsNetNoncurrent`	$6.17M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$247.51K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$255.56K	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$13.89M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$12.18M	USD	Point-in-time
Total Assets	`Assets`	$38.28M	USD	Point-in-time
Total Assets	`Assets`	$37.74M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.49M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.52M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.15M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.47M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$131.44K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$54.27K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.80M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.02M	USD	Point-in-time
Deferred rent	`DeferredRentCredit`	$37.64K	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.05M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.80M	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; 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; 12,854,920 and 12,830,100, shares issued and outstanding at December 31, 2012 and September 30, 2012	`CommonStockValue`	$128.55K	USD	Point-in-time
Common stock, authorized 50,000,000, $.01 par value; 12,854,920 and 12,830,100, shares issued and outstanding at December 31, 2012 and September 30, 2012	`CommonStockValue`	$128.30K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$54.15M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$54.40M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.05M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.59M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$35.48M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$34.69M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$38.28M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$37.74M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$9.17M	USD	1 Quarter
Revenues	`Revenues`	$10.27M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$5.37M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$6.34M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.92M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.79M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.04M	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`	$885.75K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$27.18K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$25.46K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$911.21K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.05M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$48.75K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$366.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$545.21K	USD	1 Quarter
Net income	`NetIncomeLoss`	$999.60K	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`	$0.04	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.48M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.30M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageSharesOutstandingDilutedNet`	12.80M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageSharesOutstandingDilutedNet`	12.73M	shares	1 Quarter

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$545.21K	USD	1 Quarter
Net income	`NetIncomeLoss`	$999.60K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$96.08K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$121.22K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$21.11K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$332.76K	USD	1 Quarter
Loss on disposal of assets	`GainLossOnDispositionOfAssets`	$-7.30K	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`	$186.05K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-1.20M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$181.21K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-230.69K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$654.29K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$43.72K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$58.31K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-257.29K	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`	$56.03K	USD	1 Quarter
Purchases of property, plant and equipment and intangible assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$63.43K	USD	1 Quarter
Purchases of property, plant and equipment and intangible assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$154.40K	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$1.66M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$5.23M	USD	1 Quarter
Proceeds from maturities of investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$2.15M	USD	1 Quarter
Proceeds from maturities of investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$596.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.70M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$335.60K	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 under employee stock purchase plan	`ProceedsFromIssuanceOfCommonStock`	$68.76K	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`	$7.62K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-9.99K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$107.99K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$66.40K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$458.03K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.91M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.28M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.68M	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`	$6.14M	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`	$5.68M	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`	$6.14M	USD	Point-in-time

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