XML 14 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Net Sales $ 26,809 $ 26,847 $ 53,597 $ 52,244
Cost of Goods Sold 10,073 10,633 19,915 20,997
Gross Profit 16,736 16,214 33,682 31,247
Selling Expense 4,300 4,281 8,810 8,695
General and Administrative Expense 6,140 4,465 11,644 8,554
Engineering Expense 1,152 1,110 2,493 2,140
Operating Profit 5,144 6,358 10,735 11,858
Interest Income 236 94 456 145
Other Income (Expense) (33) (76) 5 (40)
Income Before Income Taxes 5,347 6,376 11,196 11,963
Income Tax Expense 1,325 1,564 2,743 2,948
Net Income 4,022 4,812 8,453 9,015
Less: Net Income attributable to the Noncontrolling Interest (39) (36) (88) (76)
Net Income attributable to Omega Flex, Inc. $ 3,983 $ 4,776 $ 8,365 $ 8,939
Basic and Diluted Earnings per Common Share $ 0.39 $ 0.47 $ 0.83 $ 0.89
Cash Dividends Declared per Common Share $ 0.28 $ 0.46 $ 0.52 $ 0.46
Basic and Diluted Weighted-Average Shares Outstanding 10,091,832 10,091,822 10,091,827 10,091,822