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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income Statement        
Sales, net $ 10,397 $ 10,491 $ 20,630 $ 20,318
Cost of goods sold 4,298 4,142 8,419 7,919
Gross profit 6,099 6,349 12,211 12,399
Operating expense:        
Selling, general and administrative 1,992 2,172 4,071 4,256
Research & development 140 115 296 238
Total operating expense 2,132 2,287 4,367 4,494
Operating income 3,967 4,062 7,844 7,905
Other income (expense) (43) (132) (252) (193)
Income before provision for income taxes 3,924 3,930 7,592 7,712
Provision for income taxes 1,006 1,096 2,006 2,156
Net income $ 2,918 $ 2,834 $ 5,586 $ 5,556
Earnings per common share (basic) $ 0.78 $ 0.76 $ 1.49 $ 1.48
Earnings per common share (diluted) $ 0.77 $ 0.75 $ 1.48 $ 1.47
Shares outstanding (basic) 3,755 3,750 3,753 3,750
Shares outstanding (diluted) 3,773 3,775 3,775 3,778
Other comprehensive income (loss):        
Foreign currency translation net of taxes of $0 in all periods $ 2,360 $ 859 $ (175) $ 1,110
Unrealized gain (loss) on investments net of taxes of $2, ($0), $0 and ($2) 2 0 1 (3)
Total comprehensive income $ 5,280 $ 3,693 $ 5,412 $ 6,663