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, 2012

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, when dilutive.

	Three Months Ended June 30				Nine Months Ended June 30
	2012		2011		2012		2011
Net income per common share — basic:
Net income	$	1,741,960	$	1,277,830	$	2,873,486	$	2,311,475
Weighted average shares outstanding— basic		12,388,162		12,097,670		12,339,673		12,054,868
Net income per common share	$	0.14	$	0.11	$	0.23	$	0.19

Net income per common share — diluted:
Net income	$	1,741,960	$	1,277,830	$	2,873,486	$	2,311,475
Weighted average shares outstanding		12,388,162		12,097,670		12,339,673		12,054,868
Dilutive impact of common stock equivalent outstanding		282,238		731,827		389,155		683,926
Weighted average shares outstanding— diluted		12,670,400		12,829,497		12,728,828		12,738,794
Net income per common share — diluted	$	0.14	$	0.10	$	0.23	$	0.18

- Definition

The entire disclosure for earnings per share.

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