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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED STATEMENT OF INCOME - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016
Details |  |  |
Sales, net | $ 41,998 | $ 41,414 | $ 39,298
Cost of goods sold | 15,692 | 15,019 | 15,608
Gross profit | 26,306 | 26,395 | 23,690
Sales and marketing | 1,708 | 1,544 | 1,673
Research and development | 454 | 447 | 475
General and administrative | 5,447 | 5,393 | 5,355
Operating income | 18,697 | 19,011 | 16,187
Dividend and interest income | 217 | 17 | 12
Gains and (losses) on investments | 32 | 0 | 0
Royalty income | 76 | 86 | 91
Other, net | 437 | (32) | 132
Income before provision for income taxes | 19,459 | 19,082 | 16,422
Provision for income taxes | 904 | 10,577 | 4,294
Net income | $ 18,555 | $ 8,505 | $ 12,128
Earnings per common share (basic) | $ 4.97 | $ 2.29 | $ 3.23
Earnings per common share (diluted) | $ 4.95 | $ 2.28 | $ 3.22
Other comprehensive income (loss): |  |  |
Foreign currency translation net of taxes of $0 in all periods | $ (2,949) | $ 3,893 | $ (6,289)
Unrealized gain (loss) on investments net of taxes of $0, $6 and $3 | 0 | 10 | 5
Total comprehensive income | $ 15,606 | $ 12,408 | $ 5,844

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