Clearfield CLFD Brooklyn Park MN — Increase Decrease In Operating Lease Liability
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Where this comes from
Reported directly by Clearfield in its filing.
Tagged under the XBRL concept us-gaap:IncreaseDecreaseInOperatingLeaseLiability.
The source filing: Clearfield’s 10-Q, filed August 6, 2026.
- Filed
- Aug 6, 2026, 5:00 PM EDT
- Fiscal quarter
- Q3 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001171843-26-005329
The Company additionally leases an approximately 105,000 square foot warehouse and manufacturing facility in Brooklyn Park, Minnesota. The original lease term was five years ending on February 28, 2027, with rent payments increasing annually. The lease includes an option to extend the lease for an additional five years. In March 2026, the Company exercised the renewal option, which extended the term of the lease for an additional period of 61 months to end on April 30, 2032. The exercise of the renewal option resulted in an increase to the right-of-use asset and corresponding liability of $3,553,000 upon lease commencement.
ITEM 1. FINANCIAL STATEMENTS[](#)
FAQ
- What is Clearfield's brooklyn park MN — increase decrease in operating lease liability?
- Clearfield (CLFD) reported brooklyn park MN — increase decrease in operating lease liability of $3.55M in Q1 2026.
- What does brooklyn park MN — increase decrease in operating lease liability mean?
- This metric measures the net change in the present value of future lease payments for real estate or equipment located in the Brooklyn Park, Minnesota facility. It reflects adjustments due to new lease agreements, renewals, or the expiration of existing obligations. Monitoring this change provides insight into the company's long-term commitment to its physical infrastructure and its impact on the balance sheet.
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