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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]      
Net Sales $ 130,011 $ 105,796 $ 111,360
Cost of Goods Sold 48,480 39,246 40,873
Gross Profit 81,531 66,550 70,487
Selling Expense 20,429 16,580 19,032
General and Administrative Expense 21,430 19,117 24,818
Engineering Expense 4,610 4,200 4,715
Operating Profit 35,062 26,653 21,922
Interest Income (Expense) 35 (39) 876
Other Income (Expense) 21 (53) 56
Income Before Income Taxes 35,118 26,561 22,854
Income Tax Expense 8,862 6,594 5,429
Net Income 26,256 19,967 17,425
Less: Net Income – Noncontrolling Interest (61) (57) (139)
Net Income attributable to Omega Flex, Inc. $ 26,195 $ 19,910 $ 17,286
Basic and Diluted Earnings per Common Share $ 2.60 $ 1.97 $ 1.71
Cash Dividends Declared per Common Share $ 1.18 $ 1.12 $ 4.58
Basic and Diluted Weighted Average Shares Outstanding 10,094 10,094 10,093