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, 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 June 30,				Nine Months Ended June 30,
	2016		2015		2016		2015
Net income	$	2,282,421	$	1,952,900	$	5,104,407	$	3,310,934
Weighted average common shares		13,397,509		13,200,121		13,331,632		13,204,625
Dilutive potential common shares		409,419		414,828		322,844		376,473
Weighted average dilutive common shares outstanding		13,806,928		13,614,949		13,654,476		13,581,098
Net income per common share:
Basic	$	0.17	$	0.15	$	0.38	$	0.25
Diluted	$	0.16	$	0.14	$	0.37	$	0.24