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UTAH MEDICAL PRODUCTS, INC. AND SUBSIDIARIES CONSOLIDATED CONDENSED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Sales, net $ 10,377 $ 6,276 $ 17,170 $ 12,712
Cost of goods sold 4,117 3,009 7,200 6,122
Gross profit 6,260 3,267 9,969 6,590
Selling, general and administrative 2,879 977 4,330 1,916
Research and development 148 95 248 190
Total Operating Expense 3,027 1,072 4,579 2,106
Operating income 3,233 2,195 5,390 4,484
Other income (expense) (281) 16 (296) 35
Income before provision for income taxes 2,952 2,211 5,094 4,519
Provision for income taxes 970 744 1,776 1,525
Net income $ 1,982 $ 1,467 $ 3,319 $ 2,994
Earnings per common shares (basic) $ 0.55 $ 0.40 $ 0.92 $ 0.83
Earnings per common share (diluted) $ 0.54 $ 0.40 $ 0.91 $ 0.82
Shares outstanding - basic 3,626 3,631 3,623 3,625
Shares outstanding - diluted 3,645 3,651 3,638 3,648