XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Net Sales $ 31,725 $ 27,087 $ 94,554 $ 74,171
Cost of Goods Sold 11,686 9,821 35,258 27,874
Gross Profit 20,039 17,266 59,296 46,297
Selling Expense 4,876 3,991 14,625 12,045
General and Administrative Expense 5,724 5,951 16,281 14,056
Engineering Expense 1,113 945 3,326 3,086
Operating Profit 8,326 6,379 25,064 17,110
Interest Income (Expense) 10 6 27 (46)
Other Income (Expense) (19) 19 6 (112)
Income Before Income Taxes 8,317 6,404 25,097 16,952
Income Tax Expense 2,160 1,576 6,441 4,188
Net Income 6,157 4,828 18,656 12,764
Less: Net (Income) attributable to the Noncontrolling Interest (9) (11) (57) (32)
Net Income attributable to Omega Flex, Inc. $ 6,148 $ 4,817 $ 18,599 $ 12,732
Basic and Diluted Earnings per Common Share $ 0.61 $ 0.48 $ 1.84 $ 1.26
Cash Dividends Declared per Common Share $ 0.30 $ 0.28 $ 0.88 $ 0.84
Basic and Diluted Weighted Average Shares Outstanding 10,094,322 10,094,322 10,094,322 10,094,322