EX-11 2 ex11-1schcompearncmnshr05k.htm COMPUTATION OF EARNINGS

Exhibit 11.1

 

OMEGA FLEX, INC.

Schedule of Computation of Earnings Per Common Share

 

 

 

 

Years Ended December 31,

 

2005

2004

2003

 

(dollars in thousands,  

except earnings per share)

 

 

 

 

Net Income

$7,477

$6,001

$4,037

 

 

 

 

Basic Earnings per Common Share:

 

 

 

Net Income

$0.74

$0.66

$0.46

 

 

 

 

Basic Weighted Average Shares Outstanding

10,154

9,034

8,732

 

 

 

 

Diluted Earnings Per Common Share

 

 

 

Net Income

$0.74

$0.59

$0.40

 

 

 

 

Diluted Weighted Average Shares Outstanding

10,154

10,154

10,154

 

 

 

 

Dividends Declared per Share