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

Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Cash, Cash Equivalents and Investments

Note 3 - Cash, Cash Equivalents and Investments

3 Months Ended

Dec. 31, 2011

Cash and Cash Equivalents, Policy [Policy Text Block]

Note 3. Cash, Cash Equivalents and Investments

The Company currently invests its excess cash in money market accounts and bank certificates of deposit (CDs) with a term of not more than three years. CDs with original maturities of more than three months are reported as held-to-maturity investments and are carried at amortized cost. The maturity dates of the Company’s CDs at December 31, 2011 and September 30, 2011 are as follows:

	December 31, 2011		September 30, 2010
Less than one year	$	3,878,000		$	1,849,000
1-3 years		5,314,000			2,707,000
Total	$	9,192,000		$	4,445,000

- Definition

Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.

+ References

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+ Details