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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement        
Sales, net $ 9,655 $ 9,945 $ 30,446 $ 30,575
Cost of goods sold 3,880 3,866 12,196 12,285
Gross profit 5,775 6,079 18,250 18,290
Operating expense:        
Selling, general and administrative 1,701 1,969 5,320 6,039
Research & development 135 110 364 406
Total operating expense 1,836 2,079 5,684 6,445
Operating income 3,939 4,000 12,566 11,845
Other income (expense) 41 127 206 (126)
Income before provision for income taxes 3,980 4,127 12,772 11,719
Provision for income taxes 1,045 1,080 3,361 3,086
Net income $ 2,935 $ 3,047 $ 9,411 $ 8,633
Earnings per common share (basic) $ 0.78 $ 0.81 $ 2.50 $ 2.30
Earnings per common share (diluted) $ 0.78 $ 0.81 $ 2.49 $ 2.29
Shares outstanding (basic) 3,761 3,753 3,757 3,753
Shares outstanding (diluted) 3,778 3,768 3,775 3,772
Other comprehensive income (loss):        
Foreign currency translation net of taxes of $0 in all periods $ (430) $ (1,536) $ (3,856) $ (1,711)
Unrealized gain (loss) on investments net of taxes of $2, ($2), ($2) and ($2) 3 (4) (3) (3)
Total comprehensive income $ 2,508 $ 1,507 $ 5,552 $ 6,919