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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, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement        
Sales, net $ 10,490 $ 10,397 $ 20,791 $ 20,630
Cost of goods sold 4,238 4,298 8,316 8,419
Gross profit 6,252 6,099 12,475 12,211
Operating expense:        
Selling, general and administrative 1,818 1,992 3,619 4,071
Research & development 119 140 229 296
Total operating expense 1,937 2,132 3,848 4,367
Operating income 4,315 3,967 8,627 7,844
Other income (expense) 64 (43) 165 (252)
Income before provision for income taxes 4,379 3,924 8,792 7,592
Provision for income taxes 1,120 1,006 2,316 2,006
Net income $ 3,259 $ 2,918 $ 6,476 $ 5,586
Earnings per common share (basic) $ 0.87 $ 0.78 $ 1.72 $ 1.49
Earnings per common share (diluted) $ 0.86 $ 0.77 $ 1.72 $ 1.48
Shares outstanding (basic) 3,758 3,755 3,756 3,753
Shares outstanding (diluted) 3,776 3,773 3,773 3,775
Other comprehensive income (loss):        
Foreign currency translation net of taxes of $0 in all periods $ (3,016) $ 2,360 $ (3,426) $ (175)
Unrealized gain (loss) on investments net of taxes of $0, $2, ($4) and $0 0 2 (6) 1
Total comprehensive income $ 243 $ 5,280 $ 3,044 $ 5,412