Source document: clearfield-inc_2019

Question: How many antidilutive shares were excluded for the year ended September 30, 2019?
Facts: 268,000
Answer: 268,000

Question: What is the Advertising costs for the year ended September 30, 2019?
Facts: $278,057
Answer: $278,057

Question: What is the basic earnings per share in 2019?
Facts: $0.34
Answer: $0.34

Question: What is the basic net income per share in 2019?
Facts: 13,442,871; 4,566,156
Derivation: 4,566,156/13,442,871
Answer: 0.34

Question: What is the change in basic net income per share from 2018 to 2019?
Facts: 13,429,232; 13,442,871; 4,274,547; 4,566,156
Derivation: (4,566,156/13,442,871)-(4,274,547/13,429,232)
Answer: 0.02

Question: What is the total earnings in 2019?
Facts: 0.34; 13,442,871
Derivation: 0.34*13,442,871
Answer: 4570576.14

Question: What is the total repurchased shares of common stock for the year ended September 30, 2019?
Facts: 40,933
Answer: 40,933

Question: What is the total number of unvested shares as of September 30, 2019?
Facts: 130,440
Answer: 130,440

Question: What is the use of the Clearfield, Inc. 2010 Employee Stock Purchase Plan?
Facts: allows participating employees to purchase shares of the Company’s common stock at a discount through payroll deductions
Answer: allows participating employees to purchase shares of the Company’s common stock at a discount through payroll deductions

Question: What is the total value of shares purchased for the ESPP phase ended December 31, 2018?
Facts: 17,312; 8.43
Derivation: 17,312*8.43
Answer: 145940.16

Question: What is the total value of repurchased stock for the year ended September 30, 2019?
Facts: 13.51; 40,933
Derivation: 40,933*13.51
Answer: 553004.83

Question: What is the percentage change in the total value of shares purchased by employees from 30 June 2018 to 30 June 2019?
Facts: 15,932; 19,923; 8.43; 9.39
Derivation: ((19,923*8.43)-(15,932*9.39))/(15,932*9.39)
Answer: 12.27 percent

Question: What is the approximate amount of valuation allowance that the Company has reversed in the forth quarter of 2019?
Facts: $58,000
Answer: $58,000

Question: What actions will the Company take when the valuation allowance is increased?
Facts: record additional income tax expense
Answer: record additional income tax expense

Question: What is the gross deferred tax liability as of September 30, 2018?
Facts: 77
Answer: 77

Question: What is the percentage change in the net operating loss carry forwards and credits from 2018 to 2019?
Facts: 377,505; 464,274
Derivation: (377,505-464,274)/464,274
Answer: -18.69 percent

Question: What is the percentage change in gross deferred tax liability from 2018 to 2019?
Facts: 54,676; 77
Derivation: (54,676-77)/77
Answer: 70907.79 percent

Question: What is the percentage change in the net deferred tax liability from 2018 to 2019?
Facts: 101,690; 104,935
Derivation: (101,690-104,935)/104,935
Answer: -3.09 percent

Question: What is the balance at the beginning of 2019 and 2018 respectively?
Facts: $104,858; 159,154
Answer: $104,858; 159,154

Question: What is the balance at the beginning of 2018 and 2017 respectively?
Facts: 159,154; 322,404
Answer: 159,154; 322,404

Question: What is the income tax expense of fiscal years 2019 and 2018 respectively?
Facts: $10,448; 79,377
Answer: $10,448; 79,377

Question: What is the percentage change in the end-of-year valuation allowance from 2018 to 2019?
Facts: 104,858; 47,014
Derivation: (47,014-104,858)/104,858
Answer: -55.16 percent

Question: What is the percentage change in the end-of-year valuation allowance from 2017 to 2018?
Facts: 104,858; 159,154
Derivation: (104,858-159,154)/159,154
Answer: -34.12 percent

Question: What is the percentage change in the income tax expense from 2018 to 2019?
Facts: 10,448; 79,377
Derivation: (10,448-79,377)/79,377
Answer: -86.84 percent

Question: What is the model used to determine the weighted average fair value of options granted?
Facts: Black-Scholes option pricing model
Answer: Black-Scholes option pricing model

Question: What is the weighted average exercise price during the fiscal year ended September 30, 2019?
Facts: $12.17
Answer: $12.17

Question: What is the vesting period (in years) in for the year ended September 30,2019?
Facts: 3.0
Answer: 3.0

Question: What is the average vesting period for 2018 and 2019?
Facts: 3.0
Derivation: (3.0+3.0)/2
Answer: 3

Question: What is the percentage change in the compensation expense from 2018 to 2019?
Facts: 1,729,025; 2,003,207
Derivation: (1,729,025-2,003,207)/2,003,207
Answer: -13.69 percent

Question: What is the change in the percentage of weighted average expected volatility from 2018 to 2019?
Facts: 37.77; 43.68
Derivation: 37.77-43.68
Answer: -5.91 percent