10-Q Filing

CLEARFIELD, INC. CIK: 796505 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001171843-15-000584`
Period End Date	20141231
Filing Date	20150204
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	clfd-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 27 Cash Flow Statement 48

Balance Sheet 69 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`	$9.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.17M	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	500.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.73M	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	500.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.19M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$6.89M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$6.63M	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
Accounts receivables, net	`AccountsReceivableNetCurrent`	$5.03M	USD	Point-in-time
Accounts receivables, net	`AccountsReceivableNetCurrent`	$4.65M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories, net	`InventoryNet`	$5.36M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories, net	`InventoryNet`	$5.39M	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$2.25M	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$1.99M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.74M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.74M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.74M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$771.97K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$543.26K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.74M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$38.03M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$36.84M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.00M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.46M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$8.30M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$8.30M	USD	Point-in-time
Goodwill	`Goodwill`	$2.57M	USD	Point-in-time
Goodwill	`Goodwill`	$2.57M	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetNoncurrent`	$156.62K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$316.29K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$322.13K	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$11.35M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$11.19M	USD	Point-in-time
Total Assets	`Assets`	$51.85M	USD	Point-in-time
Total Assets	`Assets`	$52.03M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.47M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$2.75M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.15M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$260.80K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$247.66K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.88M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$5.10M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$108.98K	USD	Point-in-time
Total other liabilities	`LiabilitiesNoncurrent`	$108.98K	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.10M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.99M	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; 13,742,873 and 13,742,964, shares issued and outstanding at December 31, 2014 and September 30, 2014	`CommonStockValue`	$137.43K	USD	Point-in-time
Common stock, authorized 50,000,000, $.01 par value; 13,742,873 and 13,742,964, shares issued and outstanding at December 31, 2014 and September 30, 2014	`CommonStockValue`	$137.43K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$56.04M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$56.26M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.43M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.36M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$46.75M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$48.04M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$52.03M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$51.85M	USD	Point-in-time

Income Statement 27 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$16.15M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$13.99M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$9.21M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$8.24M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.74M	USD	1 Quarter
Gross profit	`GrossProfit`	$6.94M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.87M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.13M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$3.07M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.62M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$25.86K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$19.70K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.64M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.09M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.11M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$573.00K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$573.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.07M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.98M	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.69M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.22M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.54M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.58M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.07M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.98M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$229.90K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$151.91K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$1.03M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$529.00K	USD	1 Quarter
Gain on disposal of assets	`GainLossOnDispositionOfAssets`	$86.00	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$283.63K	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`	$-372.88K	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$-499.67K	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$-31.19K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$222.80K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$189.24K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.22M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.41M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.07M	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`	$1.76M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$1.64M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$2.61M	USD	1 Quarter
Proceeds from maturities of investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$1.38M	USD	1 Quarter
Proceeds from maturities of investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$3.78M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.03M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.08M	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 under employee stock purchase plan	`ProceedsFromIssuanceOfCommonStock`	$105.61K	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`	$1.28K	USD	1 Quarter
Tax withholding related to exercise of stock options	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$72.82K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$170.17K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-63.28K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$42.93K	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.02M	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.93M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.81M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.17M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.73M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.19M	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`	$17.17M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.73M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$18.19M	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`	$3.22K	USD	1 Quarter

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