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, 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 March 31,				Six Months Ended March 31,
	2015		2014		2015		2014
Net income	$	288,661	$	1,226,305	$	1,358,034	$	3,208,631
Weighted average common shares		13,191,234		12,746,904		13,206,877		12,717,842
Dilutive potential common shares		355,338		866,383		357,296		862,275
Weighted average dilutive common shares outstanding		13,546,572		13,613,287		13,564,173		13,580,117
Net income per common share:
Basic	$	0.02	$	0.09	$	0.10	$	0.25
Diluted	$	0.02	$	0.09	$	0.10	$	0.24

- Definition

The entire disclosure for earnings per share.

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