XML 19 R8.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Note B - Commitments and Facilities | 12 Months Ended
--- | ---
Sep. 30, 2018
Notes to Financial Statements |
Leases of Lessee Disclosure [Text Block] | NOTE B – COMMITMENTS AND FACILITIES Operating Leases: The Company leases office and manufacturing facilities in Minnesota and Mexico for its ongoing operations, which expire at various dates through February 2024. The Company also leases various pieces of office equipment. Certain of these leases have escalating rent payment provisions. We recognize rent expense under such leases on a straight-line basis over the term of the lease. For the years ended September 30, 2018, 2017, and 2016, total rent expense was $869,000, $768,000 and $658,000 respectively. Rent expense includes operating expenses, insurance, and related taxes. As of September 30, 2018, the future minimum lease payments required under operating lease agreements are as follows:
Year ending September 30 |  | Operating leases
| 2019 |  |  | $ | 593,586 |
| 2020 |  |  |  | 568,018 |
| 2021 |  |  |  | 402,123 |
| 2022 |  |  |  | 412,177 |
| 2023 |  |  |  | 422,481 |
| Thereafter |  |  |  | 615,336 |
| Total minimum lease payments |  |  | $ | 3,013,721 |
Share Repurchase Program: On November 13, 2014, the Company announced that its board of directors had approved a stock repurchase program under which it will purchase up to $8,000,000 of its outstanding shares of common stock. On April 25, 2017, the Board of Directors increased the repurchase authorization by $4,000,000 to $12,000,000 of common stock. The program does not obligate Clearfield to repurchase any particular amount of common stock during any period. The repurchase will be funded by cash on hand. The repurchase program is expected to continue indefinitely until the maximum dollar amount of shares has been repurchased or until the repurchase program is earlier modified, suspended or terminated by the board of directors. As of September 30, 2018, the Company may repurchase up to $5,409,326 of its outstanding shares of common stock.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
Name: | us-gaap_LeasesOfLesseeDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration