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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED STATEMENT OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Details      
Sales, net (notes 1, 3, 9 and 11) $ 46,904 $ 41,998 $ 41,414
Cost of goods sold 17,438 15,692 15,019
Gross profit 29,466 26,306 26,395
Sales and marketing 1,738 1,708 1,544
Research and development 483 454 447
General and administrative 9,613 5,447 5,393
Operating income 17,632 18,697 19,011
Dividend and interest income 254 217 17
Gains and (losses) on investments 0 32 0
Royalty income (note 12) 6 76 86
Other, net (8) 437 (32)
Income before provision for income taxes 17,884 19,459 19,082
Provision for income taxes (note 7) 3,157 904 10,577
Net income $ 14,727 $ 18,555 $ 8,505
Earnings per common share (basic) (note 1) $ 3.96 $ 4.97 $ 2.29
Earnings per common share (diluted) (note 1) $ 3.94 $ 4.95 $ 2.28
Other comprehensive income (loss):      
Foreign currency translation net of taxes of $0 in all periods $ 1,507 $ (2,949) $ 3,893
Unrealized gain on investments net of taxes of $0, $0 and $6 0 0 10
Total comprehensive income $ 16,234 $ 15,606 $ 12,408