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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Details        
Sales, net $ 8,787 $ 11,846 $ 19,689 $ 22,579
Cost of goods sold 3,837 4,346 7,903 8,306
Gross profit 4,950 7,500 11,786 14,273
Operating expense        
Selling, general and administrative 2,857 2,906 5,696 5,463
Research & development 116 113 250 228
Total operating expenses 2,973 3,019 5,946 5,691
Operating income 1,977 4,481 5,840 8,582
Other income 0 84 125 120
Income before provision for income taxes 1,977 4,565 5,965 8,702
Provision for income taxes 664 1,040 1,513 2,038
Net income $ 1,313 $ 3,525 $ 4,452 $ 6,664
Earnings per common share (basic) $ 0.36 $ 0.95 $ 1.21 $ 1.79
Earnings per common share (diluted) $ 0.36 $ 0.94 $ 1.21 $ 1.78
Shares outstanding - basic 3,643 3,721 3,675 3,721
Shares outstanding - diluted 3,659 3,735 3,690 3,737
Other comprehensive income (loss):        
Foreign currency translation net of taxes of $0 in all periods $ 522 $ (464) $ (1,927) $ 484
Total comprehensive income $ 1,835 $ 3,061 $ 2,525 $ 7,148