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

6 Months Ended

Mar. 31, 2016

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 March 31,				Six Months Ended March 31,
	2016		2015		2016		2015
Net income	$	1,438,666	$	288,661	$	2,821,986	$	1,358,034
Weighted average common shares		13,309,181		13,191,234		13,298,874		13,206,877
Dilutive potential common shares		272,629		355,338		279,556		357,296
Weighted average dilutive common shares outstanding		13,581,810		13,546,572		13,578,430		13,564,173
Net income per common share:
Basic	$	0.11	$	0.02	$	0.21	$	0.10
Diluted	$	0.11	$	0.02	$	0.21	$	0.10