XML 19 R4.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Net Sales $ 125,487 $ 130,011 $ 105,796
Cost of Goods Sold 47,182 48,480 39,246
Gross Profit 78,305 81,531 66,550
Selling Expense 21,931 20,429 16,580
General and Administrative Expense 20,625 21,430 19,117
Engineering Expense 4,733 4,610 4,200
Operating Profit 31,016 35,062 26,653
Interest Income (Expense) 174 35 (39)
Other Income (Expense) (211) 21 (53)
Income Before Income Taxes 30,979 35,118 26,561
Income Tax Expense 7,327 8,862 6,594
Net Income 23,652 26,256 19,967
Less: Net Income – Noncontrolling Interest (30) (61) (57)
Net Income attributable to Omega Flex, Inc. $ 23,622 $ 26,195 $ 19,910
Basic and Diluted Earnings per Common Share $ 2.34 $ 2.60 $ 1.97
Cash Dividends Declared per Common Share $ 1.26 $ 1.18 $ 1.12
Basic and Diluted Weighted Average Shares Outstanding 10,094 10,094 10,094