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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED STATEMENT OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement        
Sales, net $ 10,829 $ 10,490 $ 21,088 $ 20,791
Cost of goods sold 3,936 4,238 7,660 8,316
Gross profit 6,893 6,252 13,428 12,475
Operating expense:        
Selling, general and administrative 1,740 1,818 3,432 3,619
Research & development 119 119 238 229
Total operating expense 1,859 1,937 3,670 3,848
Operating income 5,034 4,315 9,758 8,627
Other income (expense) 23 64 49 165
Income before provision for income taxes 5,057 4,379 9,807 8,792
Provision for income taxes 1,187 1,120 2,402 2,316
Net income $ 3,870 $ 3,259 $ 7,405 $ 6,476
Earnings per common share (basic) $ 1.04 $ 0.87 $ 1.99 $ 1.72
Earnings per common share (diluted) $ 1.04 $ 0.86 $ 1.98 $ 1.72
Shares outstanding (basic) 3,716 3,758 3,715 3,756
Shares outstanding (diluted) 3,732 3,776 3,732 3,773
Other comprehensive income (loss):        
Foreign currency translation net of taxes of $0 in all periods $ 1,675 $ (3,016) $ 2,331 $ (3,426)
Unrealized gain (loss) on investments net of taxes of $3, $0, $3 and ($4) 5 0 5 (6)
Total comprehensive income $ 5,550 $ 243 $ 9,741 $ 3,044