Clearfield, Inc. Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Net Income Per Share (Tables)

9 Months Ended

Jun. 30, 2020

	Three Months Ended June 30,				Nine Months Ended June 30,
	2020		2019		2020		2019
Net income	$	2,994,568	$	1,300,527	$	4,243,623	$	2,678,429
Weighted average common shares		13,497,955		13,446,289		13,510,413		13,422,885
Dilutive potential common shares		-		5,382		36,711		11,124
Weighted average dilutive common shares outstanding		13,497,955		13,451,671		13,547,124		13,434,009
Net income per common share:
Basic	$	0.22	$	0.10	$	0.31	$	0.20
Diluted	$	0.22	$	0.10	$	0.31	$	0.20