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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement        
Net Sales $ 23,942 $ 24,556 $ 68,408 $ 67,165
Cost of Goods Sold 9,165 9,270 26,450 26,151
Gross Profit 14,777 15,286 41,958 41,014
Selling Expense 3,913 4,009 11,666 11,599
General and Administrative Expense 4,209 4,210 12,432 10,906
Engineering Expense 808 690 2,299 2,041
Operating Profit 5,847 6,377 15,561 16,468
Interest Income (Expense), Net 28 19 68 50
Other Income (Expense), Net (110) (9) (288) (8)
Income Before Income Taxes 5,765 6,387 15,341 16,510
Income Tax Expense 1,848 2,114 4,980 5,338
Net Income 3,917 4,273 10,361 11,172
Net (Income) Loss attributable to the Noncontrolling Interest, net of tax (29) (41) (117) (128)
Net Income attributable to Omega Flex, Inc. $ 3,888 $ 4,232 $ 10,244 $ 11,044
Basic and Diluted Earnings per Common Share $ 0.39 $ 0.42 $ 1.02 $ 1.09
Basic and Diluted Weighted-Average Shares Outstanding 10,092 10,092 10,092 10,092