XML 14 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
CONDENSED CONSOLIDATED STATEMENTS OF INCOME        
Net Sales $ 18,892 $ 14,256 $ 35,274 $ 28,804
Cost of Goods Sold 8,671 7,169 16,453 14,262
Gross Profit 10,221 7,087 18,821 14,542
Selling Expense 3,196 3,058 6,244 6,014
General and Administrative Expense 2,505 2,699 4,876 5,265
Insurance Legal Recovery       (4,700)
Engineering Expense 626 595 1,344 1,230
Operating Profit 3,894 735 6,357 6,733
Interest Income (Expense), Net 1 5   8
Other Income (Expense), Net (42) (14) (126) 45
Income Before Income Taxes 3,853 726 6,231 6,786
Income Tax Expense 1,304 255 2,098 2,392
Net Income 2,549 471 4,133 4,394
Net (Income) Loss attributable to the Noncontrolling Interest, net of tax (14) 6 (16) 3
Net Income attributable to Omega Flex, Inc. $ 2,535 $ 477 $ 4,117 $ 4,397
Basic and Diluted Earnings per Common Share $ 0.25 $ 0.05 $ 0.41 $ 0.44
Basic and Diluted Weighted-Average Shares Outstanding 10,092 10,092 10,092 10,092