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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
Net Sales $ 29,987 $ 31,293
Cost of Goods Sold 11,359 12,178
Gross Profit 18,628 19,115
Selling Expense 5,573 5,783
General and Administrative Expense 4,794 4,750
Engineering Expense 955 1,216
Operating Profit 7,306 7,366
Interest Income 281 9
Other Income (Expense) 31 (26)
Income Before Income Taxes 7,618 7,349
Income Tax Expense 1,877 1,879
Net Income 5,741 5,470
Less: Net Loss (Income) attributable to the Noncontrolling Interest 1 (19)
Net Income attributable to Omega Flex, Inc. $ 5,742 $ 5,451
Basic and Diluted Earnings per Common Share $ 0.57 $ 0.54
Cash Dividends Declared per Common Share $ 0.32 $ 0.30
Basic and Diluted Weighted-Average Shares Outstanding 10,094 10,094