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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED STATEMENT OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement        
Sales, net $ 10,125 $ 9,655 $ 31,213 $ 30,446
Cost of goods sold 3,629 3,880 11,288 12,196
Gross profit 6,496 5,775 19,925 18,250
Operating expense:        
Selling, general and administrative 1,714 1,701 5,146 5,320
Research & development 103 135 341 364
Total operating expense 1,817 1,836 5,487 5,684
Operating income 4,679 3,939 14,438 12,566
Other income (expense) 17 41 65 206
Income before provision for income taxes 4,696 3,980 14,503 12,772
Provision for income taxes 1,074 1,045 3,476 3,361
Net income $ 3,622 $ 2,935 $ 11,027 $ 9,411
Earnings per common share (basic) $ 0.97 $ 0.78 $ 2.97 $ 2.50
Earnings per common share (diluted) $ 0.97 $ 0.78 $ 2.95 $ 2.49
Shares outstanding (basic) 3,719 3,761 3,716 3,757
Shares outstanding (diluted) 3,738 3,778 3,734 3,775
Other comprehensive income (loss):        
Foreign currency translation net of taxes of $0 in all periods $ 1,219 $ (430) $ 3,550 $ (3,856)
Unrealized gain (loss) on investments net of taxes of $2, $2, $5 and ($2) 4 3 9 (3)
Total comprehensive income $ 4,845 $ 2,508 $ 14,586 $ 5,552