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

Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Net Income Per Share

Note 2 - Net Income Per Share

9 Months Ended

Jun. 30, 2015

Note 2. Net Income Per Share

Basic net income per common share (“EPS”) is computed by dividing net income by the weighted average number of common shares outstanding for the reporting period. Diluted EPS equals net income divided by the sum of the weighted average number of shares of common stock outstanding plus all additional common stock equivalents, such as stock options and restricted stock awards, when dilutive.

	Three Months Ended June 30,				Nine Months Ended June 30,
	2015		2014		2015		2014
Net income	$	1,952,900	$	1,174,840	$	3,310,934	$	4,383,471
Weighted average common shares		13,200,121		13,045,913		13,204,625		12,827,199
Dilutive potential common shares		414,828		502,035		376,473		742,195
Weighted average dilutive common shares outstanding		13,614,949		13,547,948		13,581,098		13,569,394
Net income per common share:
Basic	$	0.15	$	0.09	$	0.25	$	0.34
Diluted	$	0.14	$	0.08	$	0.24	$	0.32