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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and Cash Equivalents $ 22,674 $ 23,633
Accounts Receivable - less allowances of $1,147 and $1,124, respectively 19,718 20,077
Inventories - Net 11,949 11,510
Other Current Assets 1,589 2,137
Total Current Assets 55,930 57,357
Right-Of-Use Assets - Operating 395 493
Property and Equipment - Net 8,736 8,599
Goodwill - Net 3,526 3,526
Deferred Taxes 5 5
Other Long Term Assets 1,585 1,591
Total Assets 70,177 71,571
Current Liabilities:    
Accounts Payable 1,888 2,471
Accrued Compensation 2,007 5,429
Accrued Commissions and Sales Incentives 3,405 4,348
Dividends Payable 2,827 2,826
Taxes Payable 2,726 979
Lease Liability - Operating 193 247
Other Liabilities 4,593 5,571
Total Current Liabilities 17,639 21,871
Lease Liability – Operating, net of current portion 206 252
Deferred Taxes 168 121
Long Term Taxes Payable 559 559
Other Long Term Liabilities 1,719 2,391
Total Liabilities 20,291 25,194
Commitments and Contingencies (Note 5)
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 March 31, 2021 and December 31, 2020 102 102
Treasury Stock (1) (1)
Paid-in Capital 11,025 11,025
Retained Earnings 39,209 35,769
Accumulated Other Comprehensive Loss (742) (778)
Total Omega Flex, Inc. Shareholders’ Equity 49,593 46,117
Noncontrolling Interest 293 260
Total Shareholders’ Equity 49,886 46,377
Total Liabilities and Shareholders’ Equity $ 70,177 $ 71,571