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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net Sales $ 16,786 $ 13,690 $ 45,590 $ 38,575
Cost of Goods Sold 8,096 6,734 22,358 18,848
Gross Profit 8,690 6,956 23,232 19,727
Selling Expense 3,035 2,777 9,049 7,825
General and Administrative Expense 2,402 2,197 7,667 5,618
Insurance Legal Recovery     (4,700)  
Engineering Expense 700 618 1,930 1,854
Operating Profit 2,553 1,364 9,286 4,430
Interest Income (Expense), Net 10 1 18 7
Other Income (Expense), Net 45 (12) 90 40
Income Before Income Taxes 2,608 1,353 9,394 4,477
Income Tax Expense 900 399 3,292 1,552
Net Income 1,708 954 6,102 2,925
Less: Net (Income) Loss attributeable to Nonconrolling Interest, Net of Tax (3) 1   14
Net Income attributable to Omega Flex, Inc. $ 1,705 $ 955 $ 6,102 $ 2,939
Basic Earnings $ 0.17 $ 0.09 $ 0.60 $ 0.29
Basic Weighted-Average Shares Outstanding 10,092 10,092 10,092 10,092
Diluted Earnings $ 0.17 $ 0.09 $ 0.60 $ 0.29
Diluted Weighted-Average Shares Outstanding 10,092 10,092 10,092 10,092