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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net Sales $ 31,748 $ 31,966 $ 63,041 $ 62,829
Cost of Goods Sold 10,955 12,268 23,133 23,572
Gross Profit 20,793 19,698 39,908 39,257
Selling Expense 5,501 4,928 11,284 9,749
General and Administrative Expense 6,753 5,139 11,503 10,557
Engineering Expense 1,197 1,212 2,413 2,213
Operating Profit 7,342 8,419 14,708 16,738
Interest Income 11 8 20 17
Other Income (Expense) (138) 7 (164) 25
Income Before Income Taxes 7,215 8,434 14,564 16,780
Income Tax Expense 1,755 2,232 3,634 4,281
Net Income 5,460 6,202 10,930 12,499
Less: Net Income attributable to the Noncontrolling Interest (10) (18) (29) (48)
Net Income attributable to Omega Flex, Inc. $ 5,450 $ 6,184 $ 10,901 $ 12,451
Basic and Diluted Earnings per Common Share $ 0.54 $ 0.61 $ 1.08 $ 1.23
Cash Dividends Declared per Common Share $ 0.32 $ 0.30 $ 0.62 $ 0.58
Basic and Diluted Weighted Average Shares Outstanding 10,094 10,094 10,094 10,094