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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Net Sales $ 30,863 $ 25,266
Cost of Goods Sold 11,304 9,497
Gross Profit 19,559 15,769
Selling Expense 4,821 4,551
General and Administrative Expense 5,418 4,253
Engineering Expense 1,001 1,120
Operating Profit 8,319 5,845
Interest Income 9 45
Other Income (Loss) 18 (108)
Income Before Income Taxes 8,346 5,782
Income Tax Expense 2,049 1,416
Net Income 6,297 4,366
Less: Net Income attributable to the Noncontrolling Interest, Net of Tax (30) (22)
Net Income attributable to Omega Flex, Inc. $ 6,267 $ 4,344
Basic and Diluted Earnings per Common Share $ 0.62 $ 0.43
Cash Dividends Declared per Common Share $ 0.28 $ 0.28
Basic and Diluted Weighted-Average Shares Outstanding 10,094 10,094