10-Q Filing

CLEARFIELD, INC. CIK: 796505 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001171843-14-000447`
Period End Date	20131231
Filing Date	20140130
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	clfd-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 26 Cash Flow Statement 49

Balance Sheet 72 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`	$6.14M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.68M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.73M	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
Short-term investments	`ShortTermInvestments`	$3.34M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$5.99M	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
Accounts receivables, net	`AccountsReceivableNetCurrent`	$2.28M	USD	Point-in-time
Accounts receivables, net	`AccountsReceivableNetCurrent`	$7.84M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories, net	`InventoryNet`	$5.13M	USD	Point-in-time
Inventories, net	`InventoryNet`	$5.63M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetCurrent`	$4.45M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.00M	shares	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetCurrent`	$4.62M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.97M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$317.83K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$504.51K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.97M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$34.20M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$33.44M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.74M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.80M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$8.25M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$6.77M	USD	Point-in-time
Goodwill	`Goodwill`	$2.57M	USD	Point-in-time
Goodwill	`Goodwill`	$2.57M	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetNoncurrent`	$810.57K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$268.24K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$272.39K	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$11.09M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$10.42M	USD	Point-in-time
Total Assets	`Assets`	$46.41M	USD	Point-in-time
Total Assets	`Assets`	$46.26M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.63M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.18M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.56M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$3.52M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$168.04K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$163.53K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.90M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$6.31M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$52.66K	USD	Point-in-time
Deferred rent	`DeferredRentCredit`	$21.10K	USD	Point-in-time
Deferred rent	`DeferredRentCredit`	$19.61K	USD	Point-in-time
Total other liabilities	`LiabilitiesNoncurrent`	$21.10K	USD	Point-in-time
Total other liabilities	`LiabilitiesNoncurrent`	$72.27K	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.97M	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.34M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments 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; 12,999,084 and 12,974,263, shares issued and outstanding at December 31, 2013 and September 30, 2013	`CommonStockValue`	$129.74K	USD	Point-in-time
Common stock, authorized 50,000,000, $.01 par value; 12,999,084 and 12,974,263, shares issued and outstanding at December 31, 2013 and September 30, 2013	`CommonStockValue`	$129.99K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$55.04M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$54.81M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.88M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$42.29M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$40.08M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$46.41M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$46.26M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$10.27M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$16.15M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$6.34M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$9.21M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.92M	USD	1 Quarter
Gross profit	`GrossProfit`	$6.94M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.04M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.87M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$3.07M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$885.75K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$19.70K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$25.46K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.09M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$911.21K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$366.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.11M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$545.21K	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.48M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.69M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageSharesOutstandingDilutedNet`	13.54M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageSharesOutstandingDilutedNet`	12.80M	shares	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$545.21K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$121.22K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$151.91K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$1.03M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$332.76K	USD	1 Quarter
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets`	$-7.30K	USD	1 Quarter
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets`	$86.00	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$186.05K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$188.16K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-5.55M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$181.21K	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$654.29K	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$-499.67K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$189.24K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$43.72K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-257.29K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.41M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$56.03K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.80M	USD	1 Quarter
Purchases of property, plant and equipment and intangible assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$92.30K	USD	1 Quarter
Purchases of property, plant and equipment and intangible assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$154.40K	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$2.61M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$1.66M	USD	1 Quarter
Proceeds from maturities of investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$2.15M	USD	1 Quarter
Proceeds from maturities of investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$3.78M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.08M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$335.60K	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 under employee stock purchase plan	`ProceedsFromIssuanceOfCommonStock`	$90.42K	USD	1 Quarter
Proceeds from issuance of common stock upon exercise of stock options	`ProceedsFromStockOptionsExercised`	$25.33K	USD	1 Quarter
Proceeds from issuance of common stock upon exercise of stock options	`ProceedsFromStockOptionsExercised`	$7.62K	USD	1 Quarter
Tax withholding related to exercise of stock options	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$9.99K	USD	1 Quarter
Tax withholding related to exercise of stock options	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$72.82K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$66.40K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$42.93K	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$458.03K	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.93M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.14M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.81M	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`	$17.73M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.14M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.81M	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`	$17.73M	USD	Point-in-time
Cash paid during the year for income taxes	`IncomeTaxesPaid`	$79.28K	USD	1 Quarter
Cashless exercise of stock options	`IssuanceOfCommonStockFundedThroughSharesSoldToCompany`	$22.43K	USD	1 Quarter
Cashless exercise of stock options	`IssuanceOfCommonStockFundedThroughSharesSoldToCompany`	$16.59K	USD	1 Quarter

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