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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash and Cash Equivalents $ 35,318 $ 30,152
Accounts Receivable - less allowances of $926 and $882, respectively 15,005 16,605
Inventories-Net 7,372 8,287
Other Current Assets 1,981 1,647
Total Current Assets 59,676 56,691
Property and Equipment - Net 4,402 4,638
Goodwill-Net 3,526 3,526
Deferred Taxes 19 114
Other Long Term Assets 2,939 1,305
Total Assets 70,562 66,274
Current Liabilities:    
Accounts Payable 2,311 2,489
Accrued Compensation 4,319 4,669
Accrued Commissions and Sales Incentives 3,700 4,333
Dividends Payable 8,578 8,578
Taxes Payable 487 433
Other Liabilities 3,340 3,050
Total Current Liabilities 22,735 23,552
Deferred Taxes 145 368
Other Long Term Liabilities 1,621 1,200
Total Liabilities 24,501 25,120
Commitments and Contingencies (Note 11)
Omega Flex, Inc. Shareholders' Equity:    
Common Stock – par value $0.01 Shares: authorized 20,000,000, issued 10,153,633 and outstanding 10,091,822 at both December 31, 2016 and 2015 102 102
Treasury Stock (1) (1)
Paid-in Capital 10,808 10,808
Retained Earnings 36,455 30,656
Accumulated Other Comprehensive Loss (1,685) (683)
Total Omega Flex, Inc. Shareholders' Equity 45,679 40,882
Noncontrolling Interest 382 272
Total Shareholders' Equity 46,061 41,154
Total Liabilities and Shareholders' Equity $ 70,562 $ 66,274