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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
CONDENSED CONSOLIDATED STATEMENTS OF INCOME        
Net Sales $ 24,556 $ 23,837 $ 67,165 $ 60,298
Cost of Goods Sold 9,270 9,521 26,151 25,249
Gross Profit 15,286 14,316 41,014 35,049
Selling Expense 4,009 3,706 11,599 10,257
General and Administrative Expense 4,210 3,751 10,906 9,011
Engineering Expense 690 764 2,041 2,126
Operating Profit 6,377 6,095 16,468 13,655
Interest Income (Expense), Net 19 9 50 21
Other Income (Expense), Net (9) (32) (8) (25)
Income Before Income Taxes 6,387 6,072 16,510 13,651
Income Tax Expense 2,114 2,002 5,338 4,430
Net Income 4,273 4,070 11,172 9,221
Net (Income) Loss attributable to the Noncontrolling Interest, net of tax (41) (35) (128) (95)
Net Income attributable to Omega Flex, Inc. $ 4,232 $ 4,035 $ 11,044 $ 9,126
Basic and Diluted Earnings per Common Share $ 0.42 $ 0.40 $ 1.09 $ 0.90
Basic and Diluted Weighted-Average Shares Outstanding 10,092 10,092 10,092 10,092