10-Q Filing

CLEARFIELD, INC. CIK: 796505 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001171843-13-001768`
Period End Date	20130331
Filing Date	20130503
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	clfd-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 52 Cash Flow Statement 48

Balance Sheet 70 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`	$11.28M	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`	$5.68M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.81M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$8.44M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$9.11M	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
Accounts receivables	`AccountsReceivableNetCurrent`	$4.25M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Inventories	`InventoryNet`	$2.97M	USD	Point-in-time
Inventories	`InventoryNet`	$3.74M	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$1.64M	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
Other current assets	`OtherAssetsCurrent`	$415.63K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.87M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$473.73K	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.87M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$25.30M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$22.74M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.57M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.11M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$4.57M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$4.26M	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`	$5.62M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$247.51K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$259.80K	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$13.89M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$12.71M	USD	Point-in-time
Total Assets	`Assets`	$37.74M	USD	Point-in-time
Total Assets	`Assets`	$39.58M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.49M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.92M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.40M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.47M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$54.27K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$22.19K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.02M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.34M	USD	Point-in-time
Deferred rent	`DeferredRentCredit`	$22.89K	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`	$3.36M	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; 12,872,391 and 12,830,100, shares issued and outstanding at March 31, 2013 and September 30, 2012	`CommonStockValue`	$128.30K	USD	Point-in-time
Common stock, authorized 50,000,000, $.01 par value; 12,872,391 and 12,830,100, shares issued and outstanding at March 31, 2013 and September 30, 2012	`CommonStockValue`	$128.72K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$54.15M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$54.59M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.59M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.50M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$34.69M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$36.22M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$39.58M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$37.74M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$7.11M	USD	1 Quarter
Revenues	`Revenues`	$10.51M	USD	1 Quarter
Revenues	`Revenues`	$20.78M	USD	2 Qtrs
Revenues	`Revenues`	$16.28M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$12.64M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$4.39M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$6.30M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$9.76M	USD	2 Qtrs
Gross profit	`GrossProfit`	$8.14M	USD	2 Qtrs
Gross profit	`GrossProfit`	$6.51M	USD	2 Qtrs
Gross profit	`GrossProfit`	$4.22M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.72M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.57M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.35M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.30M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.27M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$949.44K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.84M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$1.17M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$147.05K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$53.55K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$22.84K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$26.36K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$48.30K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.22M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.88M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$972.28K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$173.42K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$427.00K	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`	$793.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.13M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.09M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$131.93K	USD	1 Quarter
Net income	`NetIncomeLoss`	$545.28K	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.09	USD	2 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.09	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`	$0.08	USD	2 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.33M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.50M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.32M	shares	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.49M	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageSharesOutstandingDilutedNet`	12.93M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageSharesOutstandingDilutedNet`	12.86M	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageSharesOutstandingDilutedNet`	12.76M	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageSharesOutstandingDilutedNet`	12.79M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.13M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.09M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$131.93K	USD	1 Quarter
Net income	`NetIncomeLoss`	$545.28K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$196.79K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$239.11K	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$729.55K	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$41.07K	USD	2 Qtrs
Loss on disposal of assets	`GainLossOnDispositionOfAssets`	$-7.30K	USD	2 Qtrs
Loss on disposal of assets	`GainLossOnDispositionOfAssets`	$-21.08K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$219.27K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$219.27K	USD	5 Qtrs
Stock based compensation	`ShareBasedCompensation`	$383.73K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$1.22M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-592.95K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$318.63K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$770.64K	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$284.53K	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$109.08K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.37M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$308.95K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$232.96K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$655.05K	USD	2 Qtrs
Purchases of property, plant and equipment and intangible assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$549.76K	USD	2 Qtrs
Purchases of property, plant and equipment and intangible assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$181.30K	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$3.86M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$6.46M	USD	2 Qtrs
Proceeds from maturities of investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$4.83M	USD	2 Qtrs
Proceeds from maturities of investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$1.66M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.98M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$425.24K	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`	$68.76K	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`	$11.97K	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-25.03K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$120.86K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$55.70K	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.14M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.63M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.28M	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`	$5.68M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.81M	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`	$6.65M	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`	$6.81M	USD	Point-in-time

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