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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, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Details        
Sales, net $ 12,494 $ 10,390 $ 35,073 $ 32,242
Cost of goods sold 5,115 4,096 13,421 12,042
Gross profit 7,379 6,294 21,652 20,200
Operating expense        
Selling, general and administrative 2,878 1,784 8,341 5,433
Research & development 130 108 357 338
Total operating expenses 3,008 1,892 8,698 5,771
Operating income 4,371 4,402 12,954 14,429
Other income (expense) 76 79 196 617
Income before provision for income taxes 4,447 4,481 13,150 15,046
Provision for income taxes 742 (2,281) 2,781 (116)
Net income $ 3,705 $ 6,762 $ 10,369 $ 15,162
Earnings per common share (basic) $ 1.00 $ 1.81 $ 2.79 $ 4.07
Earnings per common share (diluted) $ 0.99 $ 1.80 $ 2.77 $ 4.04
Shares outstanding - basic 3,720 3,733 3,722 3,730
Shares outstanding - diluted 3,737 3,753 3,738 3,752
Other comprehensive income (loss):        
Foreign currency translation net of taxes of $0 in all periods $ (1,683) $ (385) $ (1,200) $ (1,920)
Total comprehensive income $ 2,022 $ 6,377 $ 9,169 $ 13,242