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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED STATEMENT OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Statement      
Sales, net $ 41,414 $ 39,298 $ 40,157
Cost of goods sold 15,019 15,608 15,972
Gross profit 26,395 23,690 24,185
Operating expense:      
Sales and marketing 1,544 1,673 2,164
Research and development 447 475 522
General and administrative 5,393 5,355 5,848
Operating income 19,011 16,187 15,651
Other income (expense):      
Dividend and interest income 17 12 5
Royalty income 86 91 93
Interest expense     (65)
Other, net (32) 132 (139)
Income before provision for income taxes 19,082 16,422 15,545
Provision for income taxes 10,577 4,294 3,702
Net income $ 8,505 $ 12,128 $ 11,843
Earnings per common shares (basic) $ 2.29 $ 3.23 $ 3.16
Earnings per common share (diluted) $ 2.28 $ 3.22 $ 3.14
Other comprehensive income:      
Foreign currency translation net of taxes of $0 in all periods $ 3,893 $ (6,289) $ (2,724)
Unrealized gain (loss) on investments net of taxes of $6, $3, and $(1) 10 5 (2)
Total comprehensive income $ 12,408 $ 5,844 $ 9,117