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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Net Sales $ 111,465 $ 125,487 $ 130,011
Cost of Goods Sold 43,100 47,182 48,480
Gross Profit 68,365 78,305 81,531
Selling Expense 20,993 21,931 20,429
General and Administrative Expense 17,705 20,625 21,430
Engineering Expense 3,868 4,733 4,610
Operating Profit 25,799 31,016 35,062
Interest Income 1,700 174 35
Other Income (Expense) 46 (211) 21
Income Before Income Taxes 27,545 30,979 35,118
Income Tax Expense 6,825 7,327 8,862
Net Income 20,720 23,652 26,256
Less: Net Loss (Income) – Noncontrolling Interest 43 (30) (61)
Net Income attributable to Omega Flex, Inc. $ 20,763 $ 23,622 $ 26,195
Earnings per common share - Basic $ 2.06 $ 2.34 $ 2.60
Earnings per common share - Diluted 2.06 2.34 2.60
Cash Dividends Declared per Common Share $ 1.31 $ 1.26 $ 1.18
Weighted average shares outstanding - Basic 10,094 10,094 10,094
Weighted average shares outstanding - Diluted 10,094 10,094 10,094