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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Net Sales $ 31,966 $ 21,818 $ 62,829 $ 47,084
Cost of Goods Sold 12,268 8,556 23,572 18,053
Gross Profit 19,698 13,262 39,257 29,031
Selling Expense 4,928 3,503 9,749 8,054
General and Administrative Expense 5,139 3,852 10,557 8,105
Engineering Expense 1,212 1,021 2,213 2,141
Operating Profit 8,419 4,886 16,738 10,731
Interest Income (Expense) 8 (97) 17 (52)
Other Income (Expense) 7 (23) 25 (131)
Income Before Income Taxes 8,434 4,766 16,780 10,548
Income Tax Expense 2,232 1,196 4,281 2,612
Net Income 6,202 3,570 12,499 7,936
Less: Net (Income) Loss attributable to the Noncontrolling Interest (18) 1 (48) (21)
Net Income attributable to Omega Flex, Inc. $ 6,184 $ 3,571 $ 12,451 $ 7,915
Basic and Diluted Earnings per Common Share $ 0.61 $ 0.35 $ 1.23 $ 0.78
Cash Dividends Declared per Common Share $ 0.30 $ 0.28 $ 0.58 $ 0.56
Basic and Diluted Weighted Average Shares Outstanding 10,094,322 10,094,322 10,094,322 10,094,322