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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, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Details        
Sales, net $ 10,479 $ 12,494 $ 30,168 $ 35,073
Cost of goods sold 3,982 5,115 11,885 13,421
Gross profit 6,497 7,379 18,283 21,652
Operating expense        
Selling, general and administrative 2,785 2,878 8,480 8,341
Research & development 125 130 375 357
Total operating expenses 2,910 3,008 8,855 8,698
Operating income 3,587 4,371 9,428 12,954
Other income (expense) 1 76 125 196
Income before provision for income taxes 3,588 4,447 9,553 13,150
Provision for income taxes 655 742 2,167 2,781
Net income $ 2,933 $ 3,705 $ 7,386 $ 10,369
Earnings per common share (basic) $ 0.81 $ 1.00 $ 2.02 $ 2.79
Earnings per common share (diluted) $ 0.80 $ 0.99 $ 2.01 $ 2.77
Shares outstanding - basic 3,642 3,720 3,664 3,722
Shares outstanding - diluted 3,653 3,737 3,678 3,738
Other comprehensive income (loss):        
Foreign currency translation net of taxes of $0 in all periods $ 1,511 $ (1,683) $ (416) $ (1,200)
Total comprehensive income $ 4,444 $ 2,022 $ 6,970 $ 9,169