10-Q Filing

CLEARFIELD, INC. CIK: 796505 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001171843-13-003290`
Period End Date	20130630
Filing Date	20130808
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	clfd-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 52 Cash Flow Statement 47

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
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.87M	USD	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`	$5.98M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$9.11M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$8.04M	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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	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`	$5.05M	USD	Point-in-time
Inventories	`InventoryNet`	$2.97M	USD	Point-in-time
Inventories	`InventoryNet`	$4.97M	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
Deferred taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$2.37M	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`	$361.66K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$473.73K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.90M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.83M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$27.65M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.90M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$22.74M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.83M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.11M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.58M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$4.57M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$5.64M	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`	$4.27M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$258.91K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$247.51K	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$13.89M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$12.74M	USD	Point-in-time
Total Assets	`Assets`	$37.74M	USD	Point-in-time
Total Assets	`Assets`	$41.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.49M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.91M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$2.41M	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`	$43.06K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.36M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.02M	USD	Point-in-time
Deferred rent	`DeferredRentCredit`	$37.64K	USD	Point-in-time
Deferred rent	`DeferredRentCredit`	$22.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.38M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.05M	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; 12,898,027 and 12,830,100, shares issued and outstanding at June 30, 2013 and September 30, 2012	`CommonStockValue`	$128.98K	USD	Point-in-time
Common stock, authorized 50,000,000, $.01 par value; 12,898,027 and 12,830,100, shares issued and outstanding at June 30, 2013 and September 30, 2012	`CommonStockValue`	$128.30K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$54.82M	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`	$-17.36M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$37.59M	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`	$41.97M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$13.53M	USD	1 Quarter
Revenues	`Revenues`	$10.79M	USD	1 Quarter
Revenues	`Revenues`	$34.31M	USD	3 Qtrs
Revenues	`Revenues`	$27.07M	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$20.55M	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$6.24M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$7.91M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$16.00M	USD	3 Qtrs
Gross profit	`GrossProfit`	$4.56M	USD	1 Quarter
Gross profit	`GrossProfit`	$13.77M	USD	3 Qtrs
Gross profit	`GrossProfit`	$5.63M	USD	1 Quarter
Gross profit	`GrossProfit`	$11.07M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.12M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.83M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$10.14M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.77M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$3.63M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$1.80M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.95M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$1.78M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$77.42K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$21.75K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$23.88K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$70.05K	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.82M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.81M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.70M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.03M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$64.44K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$671.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.46M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$154.68K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.74M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.24M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.87M	USD	3 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.23	USD	3 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.18	USD	3 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.17	USD	3 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.23	USD	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.39M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.50M	shares	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.51M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.34M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageSharesOutstandingDilutedNet`	13.21M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageSharesOutstandingDilutedNet`	12.98M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageSharesOutstandingDilutedNet`	12.67M	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`	$1.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.24M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.87M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$361.47K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$299.61K	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$1.35M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$61.60K	USD	3 Qtrs
Loss on disposal of assets	`GainLossOnDispositionOfAssets`	$-11.30K	USD	3 Qtrs
Loss on disposal of assets	`GainLossOnDispositionOfAssets`	$-21.08K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$570.57K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$326.65K	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$863.81K	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$2.03M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.99M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$241.55K	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$54.55K	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$351.44K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.33M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.33M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.79M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$793.47K	USD	3 Qtrs
Purchases of property, plant and equipment and intangible assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$691.64K	USD	3 Qtrs
Purchases of property, plant and equipment and intangible assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$297.01K	USD	3 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$8.66M	USD	3 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$7.06M	USD	3 Qtrs
Proceeds from maturities of investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$7.06M	USD	3 Qtrs
Proceeds from maturities of investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$2.57M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.38M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-692.64K	USD	3 Qtrs
Proceeds from issuance of common stock under employee stock purchase plan	`ProceedsFromIssuanceOfCommonStock`	$135.98K	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`	$147.71K	USD	3 Qtrs
Proceeds from issuance of common stock upon exercise of stock options	`ProceedsFromStockOptionsExercised`	$15.00K	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-55.75K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$290.25K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$95.23K	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.19M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.30M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.87M	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`	$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`	$6.87M	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`	$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.