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

Note 2 - Net Income Per Share (Tables)

6 Months Ended

Mar. 31, 2016

	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