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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, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED STATEMENT OF INCOME        
Sales, net $ 12,866 $ 13,428 $ 25,386 $ 25,752
Cost of goods sold 5,127 5,277 9,805 10,069
Gross profit 7,739 8,151 15,581 15,683
Operating expense        
Selling, general and administrative 3,181 2,959 6,440 5,846
Research & development 133 135 277 258
Total operating expenses 3,314 3,094 6,717 6,104
Operating income 4,425 5,057 8,864 9,579
Other income 747 142 1,428 150
Income before provision for income taxes 5,172 5,199 10,292 9,729
Provision for income taxes 972 1,096 1,878 2,091
Net income $ 4,200 $ 4,103 $ 8,414 $ 7,638
Earnings per common share (basic) $ 1.16 $ 1.13 $ 2.32 $ 2.09
Earnings per common share (diluted) $ 1.15 $ 1.12 $ 2.31 $ 2.09
Shares outstanding - basic 3,628 3,643 3,628 3,649
Shares outstanding - diluted 3,639 3,650 3,638 3,658
Other comprehensive income (loss)        
Foreign currency translation net of taxes of $0 in all periods $ 504 $ (2,298) $ 1,053 $ (2,804)
Total comprehensive income $ 4,704 $ 1,805 $ 9,467 $ 4,834