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CONSOLIDATED STATEMENTS OF INCOME (USD $) In Thousands, except Share data, unless otherwise specified | 12 Months Ended
--- | ---
Dec. 31, 2013 | Dec. 31, 2012
CONSOLIDATED STATEMENTS OF INCOME |  |
Net Sales | $ 77,122 | $ 64,016
Cost of Goods Sold | 35,229 | 31,086
Gross Profit | 41,893 | 32,930
Selling Expense | 12,954 | 12,256
General and Administrative Expense | 11,133 | 12,030
Insurance Legal Recovery |  | (4,700)
Engineering Expense | 2,758 | 2,597
Operating Profit | 15,048 | 10,747
Interest Income (Expense) - Net | 9 | 25
Other Income (Expense) - Net | (74) | 93
Income Before Income Taxes | 14,983 | 10,865
Income Tax Provision | 4,891 | 4,046
Net Income | 10,092 | 6,819
Less: Net (Income) Loss attributable to the Noncontrolling Interest, net of tax | (55) | 57
Net Income attributable to Omega Flex, Inc. | $ 10,037 | $ 6,876
Basic and Diluted Earnings per Common Share | $ 0.99 | $ 0.68
Basic and Diluted Weighted-Average Shares Outstanding | 10,092 | 10,092

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