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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current Assets    
Cash and Cash Equivalents $ 8,037 $ 3,476
Accounts Receivable 9,157 [1] 9,052 [2]
Inventories-Net 6,633 6,465
Deferred Taxes 755 714
Other Current Assets 1,041 1,240
Total Current Assets 25,623 20,947
Property and Equipment - Net 5,055 5,270
Goodwill-Net 3,526 3,526
Other Long Term Assets 2,028 1,748
Total Assets 36,232 31,491
Current Liabilities:    
Accounts Payable 1,221 1,019
Accrued Compensation 1,455 1,470
Accrued Commissions and Sales Incentives 2,227 2,098
Other Liabilities 2,287 2,143
Total Current Liabilities 7,190 6,730
Deferred Taxes 987 1,037
Other Long Term Liabilities 728 807
Total Liabilities 8,905 8,574
Omega Flex, Inc. Shareholders' Equity:    
Common Stock 102 102
Treasury Stock (1) (1)
Paid-in Capital 10,808 10,808
Retained Earnings 16,794 12,397
Accumulated Other Comprehensive Income (Loss) (487) (502)
Total Omega Flex, Inc. Shareholders' Equity 27,216 22,804
Noncontrolling Interest 111 113
Total Shareholders' Equity 27,327 22,917
Total Liabilities and Shareholders' Equity $ 36,232 $ 31,491
[1] less allowances of $607
[2] less allowances of $624