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, 2015

Cash and Cash Equivalents Disclosure [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, 2015 and September 30, 2015 are as follows:

	December 31, 2015		September 30, 2015
Less than one year	$	8,746,000	$	7,925,000
1-3 years		6,767,000		8,290,000
Total	$	15,513,000	$	16,215,000

- Definition

The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.

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