XML 40 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
CONDENSED CONSOLIDATED STATEMENTS OF INCOME        
Net Sales $ 21,636 $ 19,872 $ 42,609 $ 36,461
Cost of Goods Sold 8,298 8,418 16,881 15,728
Gross Profit 13,338 11,454 25,728 20,733
Selling Expense 3,815 3,428 7,590 6,551
General and Administrative Expense 3,419 3,073 6,696 5,260
Engineering Expense 720 658 1,351 1,362
Operating Profit 5,384 4,295 10,091 7,560
Interest Income (Expense), Net 15 6 31 12
Other Income (Expense), Net 48 15 1 7
Income Before Income Taxes 5,447 4,316 10,123 7,579
Income Tax Expense 1,733 1,387 3,224 2,428
Net Income 3,714 2,929 6,899 5,151
Net (Income) Loss attributable to the Noncontrolling Interest, net of tax (44) (33) (87) (60)
Net Income attributable to Omega Flex, Inc. $ 3,670 $ 2,896 $ 6,812 $ 5,091
Basic and Diluted Earnings per Common Share $ 0.36 $ 0.29 $ 0.68 $ 0.50
Basic and Diluted Weighted-Average Shares Outstanding 10,092 10,092 10,092 10,092