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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and Cash Equivalents $ 19,487 $ 16,098
Accounts Receivable - less allowances of $887 and $1,433, respectively 14,113 17,047
Inventories - Net 11,083 11,078
Other Current Assets 974 2,097
Total Current Assets 45,657 46,320
Right-Of-Use Assets - Operating 589 771
Property and Equipment - Net 8,660 8,909
Goodwill - Net 3,526 3,526
Deferred Taxes 4 4
Other Long Term Assets 1,481 1,454
Total Assets 59,917 60,984
Current Liabilities:    
Accounts Payable 2,155 2,383
Accrued Compensation 2,337 4,618
Accrued Commissions and Sales Incentives 2,846 4,461
Dividends Payable 2,827 2,826
Taxes Payable 2,858 423
Lease Liability - Operating 311 369
Other Liabilities 4,212 5,404
Total Current Liabilities 17,546 20,484
Lease Liability – Operating, net of current portion 291 418
Deferred Taxes 186 331
Long Term Taxes Payable 559
Other Long Term Liabilities 1,673 2,175
Total Liabilities 20,255 23,408
Omega Flex, Inc. Shareholders’ Equity:    
Common Stock – par value $0.01 share: authorized 20,000,000 shares: 10,153,633 shares issued and 10,094,322 outstanding at both June 30, 2020 and December 31, 2019 102 102
Treasury Stock (1) (1)
Paid-in Capital 11,025 11,025
Retained Earnings 29,427 27,165
Accumulated Other Comprehensive Loss (1,091) (909)
Total Omega Flex, Inc. Shareholders’ Equity 39,462 37,382
Noncontrolling Interest 200 194
Total Shareholders’ Equity 39,662 37,576
Total Liabilities and Shareholders’ Equity $ 59,917 $ 60,984