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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED STATEMENT OF INCOME AND COMPREHENSIVE INCOME - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014
Income Statement |  |  |
Sales, net | $ 39,298 | $ 40,157 | $ 41,278
Cost of goods sold | 15,608 | 15,972 | 16,295
Gross profit | 23,690 | 24,185 | 24,983
Operating expense: |  |  |
Sales and marketing | 1,673 | 2,164 | 2,211
Research and development | 475 | 522 | 460
General and administrative | 5,355 | 5,848 | 6,110
Operating income | 16,187 | 15,651 | 16,202
Other income (expense): |  |  |
Dividend and interest income | 12 | 5 | 7
Royalty income | 91 | 93 | 99
Interest expense |  | (65) | (289)
Other, net | 132 | (139) | (207)
Income before provision for income taxes | 16,422 | 15,545 | 15,812
Provision for income taxes | 4,294 | 3,702 | 4,434
Net income | $ 12,128 | $ 11,843 | $ 11,378
Earnings per common shares (basic) | $ 3.23 | $ 3.16 | $ 3.04
Earnings per common share (diluted) | $ 3.22 | $ 3.14 | $ 3.02
Other comprehensive income: |  |  |
Foreign currency translation net of taxes of $0 in all periods | $ (6,289) | $ (2,724) | $ (3,252)
Unrealized gain (loss) on investments net of taxes of $3, $(1), and $1 | 5 | (2) | 1
Total comprehensive income | $ 5,844 | $ 9,117 | $ 8,127

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