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

3 Months Ended

Dec. 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 December 31,
	2015		2014
Net income	$	1,383,320	$	1,069,373
Weighted average common shares		13,288,679		13,222,180
Dilutive potential common shares		286,483		359,254
Weighted average dilutive common shares outstanding		13,575,162		13,581,434
Net income per common share:
Basic	$	0.10	$	0.08
Diluted	$	0.10	$	0.08