Form 10-Q

0001376474-16-000680.txt : 20160506 0001376474-16-000680.hdr.sgml : 20160506 20160506131913 ACCESSION NUMBER: 0001376474-16-000680 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 58 CONFORMED PERIOD OF REPORT: 20160331 FILED AS OF DATE: 20160506 DATE AS OF CHANGE: 20160506 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Omega Flex, Inc. CENTRAL INDEX KEY: 0001317945 STANDARD INDUSTRIAL CLASSIFICATION: HEATING EQUIP, EXCEPT ELEC & WARM AIR & PLUMBING FIXTURES [3430] IRS NUMBER: 231948942 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-51372 FILM NUMBER: 161627026 BUSINESS ADDRESS: STREET 1: 451 CREAMERY WAY CITY: EXTON STATE: PA ZIP: 19341 BUSINESS PHONE: 610-524-7272 MAIL ADDRESS: STREET 1: 451 CREAMERY WAY CITY: EXTON STATE: PA ZIP: 19341 10-Q 1 oflx_10q.htm FORM 10-Q Form 10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

(X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2016

( )

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ________________________ to ______________________

Commission File Number 000-51372

Omega Flex, Inc.

(Exact name of registrant as specified in its charter)


Pennsylvania	23-1948942
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
451 Creamery Way, Exton, PA	19341
(Address of principal executive offices)	(Zip Code)

(610) 524-7272

Registrant’s telephone number, including area code

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [x] No [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [x] No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, non-accelerated filer, or a smaller reporting company filer. See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange. (Check one):

Large accelerated filer [ ] Accelerated filer [x] Non-accelerated filer [ ] Smaller reporting Company [ ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of The Exchange Act).

Yes [ ] No [x]

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS

DURING THE PRECEDING FIVE YEARS.

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 12 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by the courts.

The number of shares of the registrant’s common stock outstanding as of March 31, 2016 was 10,091,822.

-1-

OMEGA FLEX, INC.

QUARTERLY REPORT ON FORM 10-Q

FOR THE THREE MONTHS ENDED MARCH 31, 2016

INDEX


PART I - FINANCIAL INFORMATION	Page No.

Item 1 – Financial Statements

Condensed consolidated balance sheets at March 31, 2016 (unaudited)
and December 31, 2015	3

Condensed consolidated statements of income for the
three-months ended March 31, 2016 and 2015 (unaudited)	4

Condensed consolidated statements of comprehensive income for the
three-months ended March 31, 2016 and 2015 (unaudited)	5

Condensed consolidated statements of cash flows for the
three-months ended March 31, 2016 and 2015 (unaudited)	6

Notes to the condensed consolidated financial statements (unaudited)	7

Item 2- Management's Discussion and Analysis of Financial Condition
and Results of Operations	20

Item 3 – Quantitative and Qualitative Information About Market Risks	31

Item 4 – Controls and Procedures	31

PART II - OTHER INFORMATION

Item 1 – Legal Proceedings	32

Item 4 – Submission of Matter to a Vote of the Security Holders	33

Item 6 - Exhibits	33

SIGNATURES	34

-2-

PART I - FINANCIAL INFORMATION

Item 1 - Financial Statements

OMEGA FLEX, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Dollars in Thousands)


	March 31,	December 31,
	2016	2015
	(unaudited)
ASSETS
Current Assets:
Cash and Cash Equivalents	$ 23,522	$ 30,152
Accounts Receivable - less allowances of
$687 and $882, respectively	13,108	16,605
Inventories-Net	7,784	8,287
Other Current Assets	1,369	1,647

Total Current Assets	45,783	56,691

Property and Equipment - Net	4,547	4,638
Goodwill-Net	3,526	3,526
Deferred Taxes	114	114
Other Long Term Assets	1,323	1,305

Total Assets	$ 55,293	$ 66,274

LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities:
Accounts Payable	$ 2,115	$ 2,489
Accrued Compensation	896	4,669
Accrued Commissions and Sales Incentives	2,500	4,333
Dividends Payable	---	8,578
Taxes Payable	1,081	433
Other Liabilities	3,201	3,050

Total Current Liabilities	9,793	23,552

Deferred Taxes	446	368
Other Long Term Liabilities	1,335	1,200

Total Liabilities	11,574	25,120

Commitments and Contingencies (Note 5)

Shareholders’ Equity:
Omega Flex, Inc. Shareholders’ Equity:
Common Stock – par value $0.01 share: authorized 20,000,000 shares: 10,153,633 shares issued and 10,091,822 outstanding at March 31, 2016 and December 31, 2015, respectively	102	102
Treasury Stock	(1)	(1)
Paid-in Capital	10,808	10,808
Retained Earnings	33,300	30,656
Accumulated Other Comprehensive Loss	(798)	(683)
Total Omega Flex, Inc. Shareholders’ Equity	43,411	40,882
Noncontrolling Interest	308	272

Total Shareholders’ Equity	43,719	41,154

Total Liabilities and Shareholders’ Equity	$ 55,293	$ 66,274

See Accompanying Notes to Unaudited Condensed Consolidated Financial Statements.

-3-

OMEGA FLEX, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Amounts in Thousands except Earnings per Common Share)


	For the three-months ended
	March 31,
	2016	2015
	(unaudited)

Net Sales	$ 20,626	$ 20,973

Cost of Goods Sold	8,134	8,583

Gross Profit	12,492	12,390

Selling Expense	3,853	3,775
General and Administrative Expense	3,906	3,277
Engineering Expense	712	631

Operating Profit	4,021	4,707

Interest Income	20	16
Other Expense	(46)	(46)

Income Before Income Taxes	3,995	4,677

Income Tax Expense	1,308	1,491

Net Income	2,687	3,186
Less: Net Income attributable to the Noncontrolling Interest, Net of Tax	(44)	(43)

Net Income attributable to Omega Flex, Inc.	$ 2,643	$ 3,143



Basic and Diluted Earnings per Common Share	$ 0.26	$ 0.31


Basic and Diluted Weighted-Average Shares Outstanding	10,092	10,092

See Accompanying Notes to Unaudited Condensed Consolidated Financial Statements.

-4-

OMEGA FLEX, INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Amounts in Thousands)


	For the three-months ended
	March 31,
	2016	2015
	(unaudited)

Net Income	$ 2,687	$ 3,186

Other Comprehensive Income (Loss), Net of Tax:
Foreign Currency Translation Adjustment, Net of Taxes	(122)	(99)
Other Comprehensive Income (Loss)	(122)	(99)

Comprehensive Income	2,565	3,087

Less: Comprehensive Income Attributable to the Noncontrolling Interest, Net of Taxes	(36)	(36)

Total Other Comprehensive Income	$ 2,529	$ 3,051

See Accompanying Notes to Unaudited Condensed Consolidated Financial Statements.

-5-

OMEGA FLEX, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Amounts in Thousands)


	For the three-months ended
	March 31,
	2016	2015
	(unaudited)
Cash Flows from Operating Activities:
Net Income	$ 2,687	$ 3,186
Adjustments to Reconcile Net Income to
Net Cash Provided By (Used In) Operating Activities:
Non-Cash Compensation Expense	130	(213)
Depreciation and Amortization	122	100
Provision for Losses on Accounts Receivable, net of write-offs and recoveries	(195)	(60)
Deferred Taxes	74	(458)
Provision for Inventory Reserves	(300)	42
Changes in Assets and Liabilities:
Accounts Receivable	3,639	849
Inventories	777	(506)
Other Assets	256	312
Accounts Payable	(366)	(928)
Accrued Compensation	(3,760)	(3,049)
Accrued Commissions and Sales Incentives	(1,830)	(613)
Other Liabilities	825	499
Net Cash Provided By (Used In) Operating Activities	2,059	(839)

Cash Flows from Investing Activities:
Capital Expenditures	(33)	(197)
Net Cash Used in Investing Activities	(33)	(197)

Cash Flows from Financing Activities:
Dividend Paid	(8,578)	(4,945)
Net Cash Used in Financing Activities	(8,578)	(4,945)

Net Decrease in Cash and Cash Equivalents	(6,552)	(5,981)
Translation effect on cash	(78)	(78)
Cash and Cash Equivalents – Beginning of Period	30,152	22,585

Cash and Cash Equivalents – End of Period	$ 23,522	$ 16,526

Supplemental Disclosure of Cash Flow Information:

Cash paid for Income Taxes	$ 575	$ 937

Cash paid for Interest	$ ---	$ ---

See Accompanying Notes to Unaudited Condensed Consolidated Financial Statements.

-6-

OMEGA FLEX, INC.

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

1. BASIS OF PRESENTATION AND DESCRIPTION OF BUSINESS

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements include the accounts of Omega Flex, Inc. (Omega) and its subsidiaries (collectively the “Company”). The Company’s unaudited condensed consolidated financial statements for the quarter ended March 31, 2016 have been prepared in accordance with accounting principles generally accepted in the United States (GAAP), and with the instructions of Form 10-Q and Article 10 of Regulation S-X. Certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading. It is suggested that these condensed consolidated financial statements be read in conjunction with the financial statements and the notes thereto included in the Company’s latest shareholders’ annual report (Form 10-K). All material inter-company accounts and transactions have been eliminated in consolidation. Certain amounts from prior years have been reclassified to conform to current year presentation. It is Management’s opinion that all adjustments necessary for a fair statement of the results for the interim periods have been made, and that all adjustments are of a normal recurring nature or a description is provided for any adjustments that are not of a normal recurring nature.

Description of Business

The Company is a leading manufacturer of flexible metal hose, and is currently engaged in a number of different markets, including construction, manufacturing, petrochemical transfer, pharmaceutical and other industries.

The Company’s business is managed as a single operating segment that consists of the manufacture and sale of flexible metal hose and accessories. The Company’s products are concentrated in residential and commercial construction, and general industrial markets, with a comprehensive portfolio of intellectual property and patents issued in various countries around the world. The Company’s primary product, flexible gas piping, is used for gas piping within residential and commercial buildings. Through its flexibility and ease of use, the Company’s TracPipe^® and TracPipe^®CounterStrike^® flexible gas piping, along with its fittings distributed under the trademarks AutoSnap^® and AutoFlare^®, allows users to substantially cut the time required to install gas piping, as compared to traditional methods. The Company’s products are manufactured at its Exton, Pennsylvania facilities in the United States, and in Banbury, Oxfordshire in the United Kingdom. A majority of the Company’s sales across all industries are generated through independent outside sales organizations such as sales representatives, wholesalers and distributors, or a combination of both. The Company has a broad distribution network in North America and to a lesser extent in other global markets.

-7-

2. SIGNIFICANT ACCOUNTING POLICIES

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. The most significant estimates and assumptions relate to revenue recognition and related sales incentives, accounts receivable allowances, inventory valuations, goodwill valuation, product liability reserve, stock-based compensation valuations and accounting for income taxes. Actual amounts could differ significantly from these estimates.

Revenue Recognition

The Company’s revenue recognition activities relate almost entirely to the manufacture and sale of flexible metal hose and pipe. Under GAAP, revenues are considered to have been earned when the Company has substantially accomplished what it must do to be entitled to the benefits represented by the revenues. The following criteria represent preconditions to the recognition of revenue:

Persuasive evidence of an arrangement for the sale of product or services must exist.

Delivery has occurred or services rendered.

The sales price to the customer is fixed or determinable.

Collection is reasonably assured.

The Company recognizes revenue upon shipment in accordance with the above principles.

Gross sales are reduced for all consideration paid to customers for which no identifiable benefit is received by the Company. This includes promotional incentives, which includes various programs including year-end rebates, and payment term discounts. The amounts of certain incentives are known with reasonable certainty at the time of sale, while others are projected based upon the most reliable information available at the reporting date. Commissions are accounted for as a selling expense.

Cash Equivalents

The Company considers all highly liquid investments with an original maturity of 90 days or less at the time of purchase to be cash equivalents. Cash equivalents include investments in an institutional money market fund, which invests in U.S. Treasury bills, notes and bonds, and/or repurchase agreements, backed by such obligations. Carrying value approximates fair value. Cash and cash equivalents are deposited at various area banks, which at times may exceed federally insured limits. The Company monitors the viability of the banking institutions carrying its assets on a regular basis, and has the ability to transfer cash to various institutions during times of risk. The Company has not experienced any losses related to these cash balances, and believes its credit risk to be minimal.

-8-

Accounts Receivable and Provision for Doubtful Accounts

Accounts receivable are reduced by an allowance for amounts that may become uncollectible in the future. The estimated allowance for uncollectible amounts is based primarily on specific analysis of accounts in the receivable portfolio and historical write-off experience. While management believes the allowance to be adequate, if the financial condition of the Company’s customers were to deteriorate, resulting in their inability to make payments, additional allowances may be required.

The allowance for doubtful accounts reflects our best estimate of probable losses inherent in the accounts receivable balance. The Company determines the allowance based on any known collection issues, historical experience, and other currently available evidence. The reserve for future credits, discounts, and doubtful accounts was $687,000 and $882,000 as of March 31, 2016 and December 31, 2015, respectively. In regards to identifying uncollectible accounts, the Company reviews an aging report on a consistent basis to determine past due accounts, and utilizes a well established credit rating agency. The Company charges off those accounts that are deemed uncollectible once all collection efforts have been exhausted.

Inventories

Inventories are valued at the lower of cost or market. The cost of inventories is determined by the first-in, first-out (FIFO) method. The Company generally considers inventory quantities beyond two-years usage, measured on a historical usage basis, to be excess inventory and reduces the carrying value of inventory accordingly.

Property and Equipment

Property and equipment are carried at cost. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets or, for leasehold improvements, the life of the lease, if shorter. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is reflected in other income or expense for the period. The cost of maintenance and repairs is expensed as incurred; significant improvements are capitalized.

Goodwill

In accordance with Financial Accounting Standards Board (FASB) ASC Topic 350, Intangibles – Goodwill and Other, the Company performed an annual impairment test in accordance with this guidance as of December 31, 2015. This analyses did not indicate any impairment of goodwill. There were no circumstances that indicate that goodwill might be impaired at March 31, 2016.

-9-

Stock-Based Compensation Plans

In 2006, the Company adopted a Phantom Stock Plan (the “Plan”), which allows the Company to grant phantom stock units (“Units”) to certain key employees, officers or directors. The Units each represent a contractual right to payment of compensation in the future based upon the market value of the Company’s common stock. The Units follow a vesting schedule of three years from the grant date, and are then paid upon maturity. In accordance with FASB ASC Topic 718, Stock Compensation, the Company uses the Black-Scholes option pricing model as its method for determining the fair value of the Units. Further details of the Plan are provided in Note 6.

Product Liability Reserves

Product liability reserves represent the estimated unpaid amounts under the Company’s insurance policies with respect to existing claims. The Company uses the most current available data to estimate claims. As explained more fully under Note 5, Commitments and Contingencies, for various product liability claims covered under the Company’s general liability insurance policies, the Company must pay certain defense and settlement costs within its deductible or self-insured retention limits, ranging primarily from $25,000 to $250,000 per claim, depending on the terms of the policy in the applicable policy year, up to an aggregate amount. The Company is vigorously defending against all known claims.

Fair Value of Financial and Nonfinancial Instruments

The Company measures financial instruments in accordance with FASB ASC Topic 820, Fair Value Measurements and Disclosures. The accounting standard defines fair value, establishes a framework for measuring fair value under GAAP, and enhances disclosures about fair value measurements. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The standard creates a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels as follows: Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and Level 3 inputs are unobservable inputs that reflect the Company’s own assumptions about the assumptions market participants would use in pricing the asset or liability. The Company relies on its actively traded share value – a Level 1 input – in determining the fair value of the reporting unit in its annual impairment test as described in the FASB ASC Topic 350, Intangibles - Goodwill and Other.

-10-

Earnings per Common Share

Basic earnings per share have been computed using the weighted-average number of common shares outstanding. For the periods presented, there are no dilutive securities. Consequently, basic and dilutive earnings per share are the same.

Currency Translation

Assets and liabilities denominated in foreign currencies, most of which relate to our United Kingdom subsidiary whose functional currency is British pound sterling, are translated into U.S. dollars at exchange rates prevailing on the balance sheet dates. The statements of income are translated into U.S. dollars at average exchange rates for the period. Adjustments resulting from the translation of financial statements are excluded from the determination of income and are accumulated in a separate component of shareholders’ equity. Exchange gains and losses resulting from foreign currency transactions are included in the statements of income (other expense) in the period in which they occur.

Income Taxes

The Company accounts for tax liabilities in accordance with the FASB ASC Topic 740, Income Taxes. Under this method the Company records tax expense, related deferred taxes and tax benefits, and uncertainties in tax positions.

Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities from a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is provided for deferred tax assets if it is more likely than not that these items will either expire before the Company is able to realize the benefit, or that future deductibility is uncertain.

The FASB ASC Topic 740, Income Taxes, clarifies the criteria that an individual tax position must satisfy for some or all of the benefits of that position to be recognized in a company’s financial statements. This guidance prescribes a recognition threshold of more-likely than-not, and a measurement attribute for all tax positions taken or expected to be taken on a tax return, in order for those tax positions to be recognized in the financial statements.

The Company follows the provisions of ASC 740-10 relative to accounting for uncertainties in tax positions. These provisions provide guidance on the recognition, de-recognition and measurement of potential tax benefits associated with tax positions. The Company elected to recognize interest and penalties related to income tax matters as a component of the income tax provision in the consolidated statements of income. For additional information regarding ASC 740-10, see Note 8 of the Company’s December 31, 2015 Form 10-K.

-11-

The FASB ASU 2015-17 eliminates the current requirement for organizations to present deferred tax liabilities and assets as current and noncurrent in a classified balance sheet. Instead, organizations will be required to classify all deferred tax assets and liabilities as noncurrent. The amendments of ASU 2015-17 apply to all organizations that present a classified balance sheet. For public companies, the amendments are effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted and the Company adopted this ASU prospectively in the calendar year ended December 31, 2015. As a result, the Company has presented all deferred tax assets and liabilities as noncurrent on its consolidated balance sheet starting with the year ended December 31, 2015. There was no impact on operations as a result of adoption of the FASB ASU 2015-17.

Other Comprehensive Income

For the quarters ended March 31, 2016 and 2015, respectively, the components of other comprehensive income consisted solely of foreign currency translation adjustments.

Significant Concentration

At March 31, 2016, the Company has one significant customer who represented more than 10% of the Company’s Accounts Receivable, but that same customer was less than 10% of the Company’s total Net Sales for the quarter ending March 31, 2016. At December 31, 2015, that same customer represented more than 10% of the Company’s Accounts Receivable balance, and was also more than 10% of Net Sales for the first quarter of 2015. Geographically, the Company has a significant amount of sales in the United States versus internationally. These concentrations are discussed in detail in the Company’s December 31, 2015 Form 10-K.

Subsequent Events

The Company evaluates all events or transactions through the date of the related filing that may have a material impact on its condensed consolidated financial statements. Refer to Note 9 of the condensed consolidated financial statements.

Recent Accounting Pronouncements

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606), requiring an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The updated standard will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective and permits the use of either a full retrospective or retrospective with cumulative effect transition method. The updated standard becomes effective for the Company in the first quarter of fiscal year 2018. Early adoption is permitted beginning in the first quarter of the Company’s 2017 fiscal year. The Company has not yet selected a transition method and is currently evaluating the effect that the updated standard will have on the consolidated financial statements.

-12-

In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory (Topic 330). Under this ASU, inventory will be measured at the “lower of cost and net realizable value” and options that currently exist for “market value” will be eliminated. The ASU defines net realizable value as the “estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation.” No other changes were made to the current guidance on inventory measurement. ASU 2015-11 is effective for interim and annual periods beginning after December 15, 2016. Early application is permitted and should be applied prospectively. The Company is evaluating the provisions of this statement, including which period to adopt, and has not determined what impact the adoption of ASU 2015-11 will have on the Company's financial position or results of operations.

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). Under this ASU, lessees are required to recognize right-of-use assets and lease liabilities for all leases not considered short-term leases. By definition, a short-term lease is one in which: (a) the lease term is 12 months or less and (b) there is not an option to purchase the underlying asset that the lessee is reasonably certain to exercise. For short-term leases, lessees may elect an accounting policy by class of underlying asset under which right-of-use assets and lease liabilities are not recognized and lease payments are generally recognized as expense over the lease term on a straight-line basis. This change will result in lessees recognizing right-of-use assets and lease liabilities for most leases currently accounted for as operating leases under the legacy lease accounting guidance. ASU 2016-02 is effective for interim and annual periods beginning after December 15, 2018. Early adoption is permitted. The Company is evaluating the provisions of this statement, including which period to adopt, and has not determined what impact the adoption of ASU 2016-02 will have on the Company's financial position or results of operations.

3. INVENTORIES

Inventories, net of reserves of $664,000 and $969,000 at March 31, 2016 and December 31, 2015, respectively, consisted of the following:


	March 31,	December 31,
	2016	2015
	(dollars in thousands)

Finished Goods	$ 5,625	$ 6,082
Raw Materials	2,159	2,205

Inventories - Net	$ 7,784	$ 8,287

-13-

4. LINE OF CREDIT

On December 29, 2014, the Company entered into to an Amended and Restated Committed Revolving Line of Credit Note (“the Line”) and a Second Amendment to the Loan Agreement with Santander Bank, N.A. (“Santander”). The Line facility in the maximum amount of $15,000,000, has a five year term maturing on December 31, 2019, with funds available for working capital purposes and to fund dividends, and is unsecured. The Line provides for the payment of any borrowings at an interest rate of either LIBOR plus 1.00% to plus 1.35% (for borrowings with a fixed term of 30, 60, or 90 days), or Prime from 0.00% to plus 0.10%, depending upon the Company’s then existing financial ratios. At March 31, 2016, the Company’s financial ratios would allow for the most favorable rate under the agreement’s range, which would be a rate of 1.63%. Under the terms of the agreement, the Company is required to pay on a quarterly basis an unused facility fee equal to 10 basis points of the average unused balance of the total Line commitment.

As of March 31, 2016 and December 31, 2015, the Company had no outstanding borrowings on its line of credit, and was in compliance with all debt covenants.

5. COMMITMENTS AND CONTINGENCIES

Commitments:

Under a number of indemnity agreements between the Company and each of its officers and directors, the Company has agreed to indemnify each of its officers and directors against any liability asserted against them in their capacity as an officer or director, or both. The Company’s indemnity obligations under the indemnity agreements are subject to certain conditions and limitations set forth in each of the agreements. Under the terms of the Agreement, the Company is contingently liable for costs which may be incurred by the officers and directors in connection with claims arising by reason of these individuals’ roles as officers and directors. The Company has obtained directors’ and officers’ insurance policies to fund certain obligations under the indemnity agreements.

The Company has salary continuation agreements with one current employee, and one former employee who retired at the end of 2010. These agreements provide for monthly payments to each of the employees or their designated beneficiary upon the employee’s retirement or death. The payment benefits range from $1,000 per month to $3,000 per month with the term of such payments limited to 15 years after the employee’s retirement at age 65. The agreements also provide for survivorship benefits if the employee dies before attaining age 65, and severance payments if the employee is terminated without cause; the amount of which is dependent on the length of company service at the date of termination. The net present value of the retirement payments associated with these agreements is $518,000 at March 31, 2016, of which $497,000 is included in Other Long Term Liabilities, and the remaining current portion of $21,000 is included in Other Liabilities, associated with each of the individuals as our current employee is expected to meet retirement age by the end of the year. The December 31, 2015 liability of $508,000, had $496,000 reported in Other Long Term Liabilities, and a current portion of $12,000 in Other Liabilities.

-14-

The Company has obtained and is the beneficiary of three whole life insurance policies with respect to the two employees discussed above, and one other employee policy. The cash surrender value of such policies (included in Other Long Term Assets) amounts to $1,110,000 at March 31, 2016 and $1,091,000 at December 31, 2015.

As disclosed in detail in Note 9 of the Company’s December 31, 2015 Form 10-K, under the caption “Leases”, the Company has several lease obligations in place that will be paid out over time. Most notably, the Company leases facilities in Banbury, England, and Exton, Pennsylvania in the United States that both serve the manufacturing, warehousing and distribution functions.

Contingencies:

In the ordinary and normal conduct of the Company’s business, it is subject to periodic lawsuits, investigations and claims (collectively, the “Claims”). Beginning in 2010, the Company experienced an increase in the number of Claims related to lightning subrogation, which increased legal and product liability related expenses. The Company did not believe the Claims had legal merit, and therefore commenced a vigorous defense in response to the Claims. Due to the Company’s success over the years in defending itself, and success in several cases that went to trial, the pace of new Claims has decreased over the last couple of years. Although the pace of new Claims has decreased, expenses during 2015 and in the first quarter of 2016 have increased over comparable periods due to the Company’s heightened and vigorous defense of certain cases. The increased level of spending may continue further into 2016. To reiterate, the Company does not believe that the Claims have legal merit, and is therefore vigorously defending against those Claims. In 2013, the Company won two of the Claims at two separate trials, both of which were held in U.S. District Court; one in St. Louis, Missouri and the other in Bridgeport, Connecticut. In both cases, the jury unanimously found that the Company was not negligent in designing its TracPipe^® product, and that the TracPipe^® product was not defective or unreasonably dangerous. In 2010, the Company took its first Claim to trial in Pennsylvania, and the jury returned a verdict that the Company was not negligent in designing and selling the TracPipe product, but also returned a verdict for plaintiff on strict liability. The Company appealed that portion of the verdict, and in December 2014, the Supreme Court of Pennsylvania ruled in favor of the Company, and returned the case to the trial court for further hearings.

-15-

The Company has in place commercial general liability insurance policies that cover the Claims, which are subject to deductibles or retentions, ranging primarily from $25,000 to $250,000 per claim (depending on the terms of the policy and the applicable policy year), up to an aggregate amount. Litigation is subject to many uncertainties and management is unable to predict the outcome of the pending suits and claims. The potential liability for a given claim could range from zero to a maximum of $250,000, depending upon the circumstances, and insurance deductible or retention in place for the respective claim year. The aggregate maximum exposure for all current open Claims is estimated to not exceed approximately $3,200,000, which represents the potential costs that may be incurred over time for the Claims within the applicable insurance policy deductibles or retentions. From time to time, depending upon the nature of a particular case, the Company may decide to spend in excess of a deductible or retention to enable more discretion regarding the defense, although this is not common. It is possible that the results of operations or liquidity of the Company, as well as the Company’s ability to procure reasonably priced insurance, could be adversely affected by the pending litigation, potentially materially. The Company is currently unable to estimate the ultimate liability, if any, that may result from the pending litigation, or potential litigation from future claims or claims that have not yet come to our attention, and accordingly, the liability in the consolidated financial statements primarily represents an accrual for legal costs for services previously rendered and outstanding settlements for existing claims. The liabilities recorded on the Company’s books at March 31, 2016 and December 31, 2015 were $299,000 and $249,000, respectively, and are included in Other Liabilities.

Finally, in February of 2012, the Company was made aware of a fraud perpetrated by an outside party involving insurance related premiums that the Company had prepaid for umbrella coverage. The assets are currently secured by a governmental agency which investigated the case, and held in a custodial account. In June of 2015, utilizing the secured funds, the court has approved restitution to all victims including the Company. It is not clear however at this point what amount will eventually be received by the Company. The value of the assets on the books amount to $213,000 at March 31, 2016 and December 31, 2015, and are included in Other Long Term Assets. It is possible that not all of those funds will be returned to the Company, or the Company may need to incur additional costs to procure collection. The Company is currently pursuing all avenues in an effort to bring closure to the event, and reclaim the assets, and has since replaced the aforementioned insurance coverage.

6. STOCK BASED PLANS

Phantom Stock Plan

Plan Description. On April 1, 2006, the Company adopted the Omega Flex, Inc. 2006 Phantom Stock Plan (the “Plan”). The Plan authorizes the grant of up to one million units of phantom stock to employees, officers or directors of the Company. The phantom stock units ("Units") each represent a contractual right to payment of compensation in the future based on the market value of the Company’s common stock. The Units are not shares of the Company’s common stock, and a recipient of the Units does not receive any of the following:

ownership interest in the Company

-16-

shareholder voting rights

other incidents of ownership to the Company’s common stock

The Units are granted to participants upon the recommendation of the Company’s CEO, and the approval of the Compensation Committee. Each of the Units that are granted to a participant will be initially valued by the Compensation Committee, at an amount equal to the closing price of the Company’s common stock on the grant date, but are recorded at fair value using the Black-Sholes method as described below. The Units follow a vesting schedule, with a maximum vesting of three years after the grant date. Upon vesting, the Units represent a contractual right of payment for the value of the Unit. The Units will be paid on their maturity date, one year after all of the Units granted in a particular award have fully vested, unless an acceptable event occurs under the terms of the Plan prior to one year, which would allow for earlier payment. The amount to be paid to the participant on the maturity date is dependent on the type of Unit granted to the participant.

The Units may be Full Value, in which the value of each Unit at the maturity date, will equal the closing price of the Company’s common stock as of the maturity date; or Appreciation Only, in which the value of each Unit at the maturity date will be equal to the closing price of the Company’s common stock at the maturity date minus the closing price of the Company’s common stock at the grant date.

On December 9, 2009, the Board of Directors authorized an amendment to the Plan to pay an amount equal to the value of any cash or stock dividend declared by the Company on its common stock to be accrued to the phantom stock units outstanding as of the record date of the common stock dividend. The dividend equivalent will be paid at the same time the underlying phantom stock units are paid to the participant.

In certain circumstances, the Units may be immediately vested upon the participant’s death or disability. All Units granted to a participant are forfeited if the participant is terminated from his relationship with the Company or its subsidiary for “cause,” which is defined under the Plan. If a participant’s employment or relationship with the Company is terminated for reasons other than for “cause,” then any vested Units will be paid to the participant upon termination. However, Units granted to certain “specified employees” as defined in Section 409A of the Internal Revenue Code will be paid approximately 181 days after termination.

Grants of Phantom Stock Units. As of December 31, 2015, the Company had 20,335 unvested units outstanding, all of which were granted at Full Value. On February 16, 2016, the Company granted an additional 10,460 Full Value Units with a fair value of $30.57 per unit on grant date, using historical volatility. In February 2016, the Company paid $311,000 for the 8,690 fully vested and matured units that were granted on February 16, 2012, including their respective earned dividend values. As of March 31, 2016, the Company had 23,822 unvested units outstanding.

-17-

The Company uses the Black-Scholes option pricing model as its method for determining fair value of the Units. The Company uses the straight-line method of attributing the value of the stock-based compensation expense relating to the Units. The compensation expense (including adjustment of the liability to its fair value) from the Units is recognized over the vesting period of each grant or award.

The FASB ASC Topic 718, Stock Compensation, requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates in order to derive the Company’s best estimate of awards ultimately to vest.

Forfeitures represent only the unvested portion of a surrendered Unit and are typically estimated based on historical experience. Based on an analysis of the Company’s historical data, which has limited experience related to any stock-based plan forfeitures, the Company applied a 0% forfeiture rate to Plan Units outstanding in determining its Plan Unit compensation expense as of March 31, 2016.

The total Phantom Stock related liability as of March 31, 2016 was $724,000 which is included in Other Long Term Liabilities. At December 31, 2015, the total Phantom Stock liability was $905,000, with $310,000 in Other Liabilities, and $595,000 included in Other Long Term Liabilities.

In accordance with FASB ASC Topic 718, Stock Compensation, the Company recorded compensation expense of approximately $130,000 for the three months ended March 31, 2016, and compensation income of approximately $213,000 related to the Phantom Stock Plan for the three months ended March 31, 2015.

The following table summarizes information about the Company’s nonvested phantom stock Units at March 31, 2016:


	Units	Weighted Average Grant Date Fair Value
Number of Phantom Stock Unit Awards:
Nonvested at December 31, 2015	20,335	$ 22.74
Granted	10,460	$ 30.57
Vested	(6,973)	$ 23.31
Forfeited	---	---
Canceled	---	---
Nonvested at March 31, 2016	23,822	$ 26.01
Phantom Stock Unit Awards Expected to Vest	23,822	$ 26.01

The total unrecognized compensation costs calculated at March 31, 2016 are $647,000 which will be recognized through February of 2019. The Company will recognize the related expense over the weighted average period of 1.9 years.

-18-

7. NONCONTROLLING INTERESTS

The Company owns 100% of all subsidiaries, except for a small portion of one, which is owned by a Noncontrolling Interest. At December 31, 2015, total Shareholders’ Equity was $41,154,000, and the Noncontrolling Interest was $272,000. For the three month period ended March 31, 2016, the Noncontrolling Interest’s portion of Net Income was approximately $44,000, and their portion of Other Comprehensive Income was a loss of $8,000. At March 31, 2016, total Shareholders’ Equity was $43,719,000, of which the Noncontrolling Interest held a value of $308,000.

8. SHAREHOLDERS’ EQUITY

As of March 31, 2016 and December 31, 2015, the Company had authorized 20,000,000 common stock shares with par value of $0.01 per share. At both dates, the number of shares issued was 10,153,633, and the total number of outstanding shares was 10,091,822, with the 61,811 variance representing shares held in Treasury.

On December 10, 2015, the Board declared a special dividend of $0.85 per share to all Shareholders of record as of December 21, 2015, and payable on or before January 6, 2016. The Company paid its transfer agent $8,578,000 on January 5, 2016, and the transfer agent paid the shareholders on January 6, 2016.

On December 10, 2014, the Board declared a special dividend of $0.49 per share to all Shareholders of record as of December 22, 2014, which was paid on January 5, 2015, in the amount of $4,945,000.

On April 4, 2014, the Company’s Board of Directors authorized an extension of its stock repurchase program without expiration, up to a maximum amount of $1,000,000. The original program established in December of 2007 authorized the purchase of up to $5,000,000 of its common stock. The purchases may be made from time-to-time in the open market or in privately negotiated transactions, depending on market and business conditions. The Board retained the right to cancel, extend, or expand the share buyback program, at any time and from time-to-time. Since inception, the Company has purchased a total of 61,811 shares for approximately $932,000, or approximately $15 per share. The Company did not make any stock repurchases during the first quarter of 2016, or for the year ended December 31, 2015.

9. SUBSEQUENT EVENTS

The Company evaluated all events or transactions that occurred through the date of this filing. During this period, the Company did not have any material subsequent events that impacted its condensed consolidated financial statements that are not disclosed.

-19-

Item 2 – Management’s Discussion and Analysis of Financial Condition and Results of Operations

This report contains forward-looking statements, which are subject to inherent uncertainties. These uncertainties include, but are not limited to, variations in weather, changes in the regulatory environment, customer preferences, general economic conditions, increased competition, the outcome of outstanding litigation, and future developments affecting environmental matters. All of these are difficult to predict, and many are beyond the ability of the Company to control.

Certain statements in this Quarterly Report on Form 10-Q that are not historical facts, but rather reflect the Company’s current expectations concerning future results and events, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believes”, “expects”, “intends”, “plans”, “anticipates”, “hopes”, “likely”, “will”, and similar expressions identify such forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company, or industry results, to differ materially from future results, performance or achievements expressed or implied by such forward-looking statements.

Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management’s view only as of the date of this Form 10-Q. The Company undertakes no obligation to update the result of any revisions to these forward-looking statements which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, conditions or circumstances.

OVERVIEW

-20-

CHANGES IN FINANCIAL CONDITION

The Company’s cash balance of $23,522,000 at March 31, 2016, decreased $6,630,000 (22.0%) from the $30,152,000 balance at December 31, 2015. The Company paid a dividend of $8,578,000 during the first quarter of 2016 which was accrued at December 31, 2015. Also, consistent with prior years, the Company paid a significant amount of cash during the first quarter for items that were accrued as of the end of the preceding year, such as sales incentive programs and incentive compensation. Those cash outflows were partially offset by income generated from operations during 2016.

The Accounts Receivable balance was $13,108,000 at March 31, 2016, compared to $16,605,000 at December 31, 2015, decreasing $3,497,000 (21.1%) during the quarter. Due to the slight seasonal nature of the business, sales for the last two months of the first quarter of 2016 were lower than the last two months of 2015, which therefore was the dominant factor creating the reduction in the Accounts Receivable balance.

Accrued Compensation was $896,000 at March 31, 2016, compared to $4,669,000 at December 31, 2015, decreasing $3,773,000 (80.8%). A significant portion of the liability that existed at year end related to incentive compensation earned in 2015. As is customary, the liability was then paid during the first quarter of the following year, or 2016, thus diminishing the balance. The liability now represents amounts earned during the current year.

Accrued Commissions and Sales Incentives were $2,500,000 at March 31, 2016 in contrast to $4,333,000 at December 31, 2015, decreasing by $1,833,000 (42.3%). A significant portion of the change relates to the Company’s annual Sales Incentive programs, which are accrued throughout the year and then paid during the first quarter of the following year. The liability relating to these annual programs are therefore typically higher at the end of a given year compared to any other quarter end.

Dividends Payable was $8,578,000 at the end of 2015, reflecting the $0.85 dividend declared by the board in December 2015. This dividend was then paid to shareholders’ in January of 2016, thus reducing the balance to zero. This also reduced the Company’s cash balance, as described above.

-21-

RESULTS OF OPERATIONS

Three-months ended March 31, 2016 vs. March 31, 2015

The Company reported comparative results from continuing operations for the three-month period ended March 31, 2016 and 2015 as follows:


	Three-months ended March 31, (in thousands)

	2016	2016	2015	2015
	($000)	%	($000)	%
Net Sales	$ 20,626	100.0 %	$ 20,973	100.0 %
Gross Profit	$ 12,492	60.6 %	$ 12,390	59.1 %
Operating Profit	$ 4,021	19.5 %	$ 4,707	22.4 %

Net Sales. The Company’s 2016 first quarter sales of $20,626,000 were $347,000 or 1.7% lower than sales during the first quarter of 2015 of $20,973,000. The Company believes that some customers purchased ahead during the fourth quarter of 2015, which eroded sales from the first quarter of 2016.

Gross Profit. The Company’s gross profit margins have increased to 60.6% from 59.1% for the three-months ended March 31, 2016 and 2015, respectively. The Company was able to find manufacturing efficiencies during the quarter, which included more favorable pricing on some of its core raw material components.

Selling Expenses. Selling expenses consist primarily of employee salaries and associated overhead costs, commissions, and the cost of marketing programs such as advertising, trade shows and related communication costs, and freight. Selling expense was $3,853,000 and $3,775,000 for the three-months ended March 31, 2016 and 2015, respectively, representing a slight increase of $78,000. Sales expense as a percent of net sales compared to last year, was 18.7% for the three-months ended March 31, 2016, and 18.0% for the three-months ended March 31, 2015.

General and Administrative Expenses. General and administrative expenses consist primarily of employee salaries, benefits for administrative, executive and finance personnel, legal and accounting, and corporate general and administrative services. General and administrative expenses were $3,906,000 and $3,277,000 for the three-months ended March 31, 2016 and 2015, respectively. Legal and product liability related defense costs were higher by $414,000, representing the bulk of the $629,000 increase between periods. Most of these costs were concentrated on a few specific matters which required a heightened defense, as may happen from time to time. As a percentage of sales, general and administrative expenses increased to 18.9% for the three months ended March 31, 2016 from 15.6% for the three months ended March 31, 2015.

-22-

Engineering Expense. Engineering expenses consist of development expenses associated with the development of new products and enhancements to existing products, and manufacturing engineering costs. Engineering expenses were $712,000 and $631,000 for the three months ended March 31, 2016 and 2015, respectively, increasing by $81,000. Engineering expenses increased as a percentage of sales, being 3.5% for the three months ended March 31, 2016, and 3.0% for the same period in 2015.

Operating Profits. Reflecting all of the factors mentioned above, Operating Profits were $686,000 or 14.6% below last year, being $4,021,000 and $4,707,000 for the quarters ending March 31, 2016 and March 31, 2015 respectively.

Interest Income (Expense)-Net. Interest income is recorded on cash investments, and interest expense is recorded at times when the Company has debt amounts outstanding on its line of credit. The Company recorded a modest amount of interest income during the first quarter of both 2016 and 2015.

Other Income (Expense)-Net. Other Income (Expense)-net primarily consists of foreign currency exchange gains (losses) on transactions with Omega Flex Limited, our U.K. subsidiary. There was coincidentally an expense of $46,000 recorded during both the first quarter of 2016 and 2015. The British Pound had weakened during the first quarters of 2016 and 2015, thus accounting for the losses for each of the periods.

Income Tax Expense. Income Tax Expense was $1,308,000 for the first three months of 2016, compared to $1,491,000 for the same period in 2015. The $183,000 reduction in the tax expense was largely the result of the decrease in income before taxes. For the quarter, the Company’s effective tax rate in 2016 approximates the 2015 rate and does not differ materially from expected statutory rates.

CRITICAL ACCOUNTING POLICIES AND USE OF ESTIMATES

Financial Reporting Release No. 60, released by the Securities and Exchange Commission, requires all companies to include a discussion of critical accounting policies or methods used in the preparation of financial statements. Note 2 of the Notes to the Condensed Consolidated Financial Statements include a summary of the significant accounting policies and methods used in the preparation of our condensed consolidated financial statements. The following is a discussion of the Company’s significant accounting policies.

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities as of the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. The most significant estimates and assumptions relate to revenue recognition and related sales incentives, accounts receivable valuations, inventory valuations, goodwill valuation, product liability reserve, stock-based compensation valuations and accounting for income taxes. Actual amounts could differ significantly from these estimates.

-23-

Our critical accounting policies and significant estimates and assumptions are described in more detail as follows:

Revenue Recognition

Persuasive evidence of an arrangement for the sale of product or services must exist.

Delivery has occurred or services rendered.

The sales price to the customer is fixed or determinable.

Collection is reasonably assured.

The Company recognizes revenue upon shipment in accordance with the above principles.

Cash Equivalents

Accounts Receivable and Provision for Doubtful Accounts

-24-

Inventories

Property and Equipment

Goodwill

Stock-Based Compensation Plans

-25-

Product Liability Reserves

Fair Value of Financial and Nonfinancial Instruments

Earnings per Common Share

-26-

Currency Translation

Income Taxes

-27-

The FASB ASU 2015-17 eliminates the current requirement for organizations to present deferred tax liabilities and assets as current and noncurrent in a classified balance sheet. Instead, organizations will be required to classify all deferred tax assets and liabilities as noncurrent. The amendments of ASU 2015-17 apply to all organizations that present a classified balance sheet. For public companies, the amendments are effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted and the Company adopted this ASU prospectively in the calendar year ended December 31, 2015. As a result, the Company has presented all deferred tax assets and liabilities as noncurrent on its consolidated balance sheet as of December 31, 2015, but the Company has not reclassified deferred tax assets and liabilities on its consolidated balance sheet as of December 31, 2014. There was no impact on operations as a result of adoption of the FASB ASU 2015-17.

Other Comprehensive Income

For the quarters ended March 31, 2016 and 2015, respectively, the components of other comprehensive income consisted solely of foreign currency translation adjustments.

Significant Concentration

Subsequent Events

Recent Accounting Pronouncements

-28-

LIQUIDITY AND CAPITAL RESOURCES

Historically, the Company’s primary cash needs have been related to working capital items, which the Company has largely funded through cash generated from operations.

As of March 31, 2016, the Company had a cash balance of $23,522,000. Additionally, the Company has a $15,000,000 line of credit available with Santander, as discussed in detail in Note 4, which had no borrowings outstanding upon it at March 31, 2016. At December 31, 2015, the Company had a cash balance of $30,152,000, with no borrowings against the line of credit.

Operating Activities

Cash provided by (used in) operating activities is net income adjusted for certain non-cash items and changes in certain assets and liabilities, such as those included in working capital.

-29-

For the first three months of 2016, the Company’s operating activities provided cash of $2,059,000, compared to the first quarter of 2015 which used cash of $839,000. The most significant factor related to stronger cash collections from accounts receivable in conjunction with higher sales during the preceding years, and standard customer payment terms. Also, during 2016 the Company had a lower level of inventory purchases compared to the prior year, which generated more cash. These increases were however partially offset by higher payments for promotional incentives, since the rate of sales growth was higher in 2015 than it was in 2014, which impacted growth tiers and payouts, including annual programs which are paid during the following year.

Investing Activities

Cash used in investing activities for the first three months of 2016 and 2015 was $33,000 and $197,000, respectively, reflecting a $164,000 decrease in cash used between periods. All investing activities related to capital expenditures for both periods.

We believe our existing cash and cash equivalents will be sufficient to meet our anticipated cash needs with regards to investing activities for at least the next 12 months. Our future capital requirements will depend upon many factors including our rate of revenue growth, the timing and extent of any expansion efforts, and the potential for investments in, or the acquisition of any complementary products, businesses or supplementary facilities for additional capacity.

Financing Activities

A dividend was declared in both December of 2015 and 2014, amounting to $8,578,000 and $4,945,000, respectively, with payment due and paid during January of the following year.

The Company did not borrow any funds from its line of credit during the first quarter of 2016 or 2015, and had no outstanding borrowings on its line of credit as of March 31, 2016, or as of December 31, 2015.

CONTINGENT LIABILITIES AND GUARANTEES

See Note 5 to the Company’s condensed consolidated financial statements.

OFF-BALANCE SHEET ARRANGEMENTS

Refer to Item 7 of the Company’s December 31, 2015 Form 10-K under the caption “Off-Balance Sheet Obligations or Arrangements”.

-30-

Item 3. Quantitative and Qualitative Information about Market Risks

The Company does not engage in the purchase or trading of market risk sensitive instruments. The Company does not presently have any positions with respect to hedge transactions such as forward contracts relating to currency fluctuations. No market risk sensitive instruments are held for speculative or trading purposes.

Item 4 – Controls and Procedures

(a)

Evaluation of Disclosure Controls and Procedures.

At the end of the fiscal first quarter of 2016, the Company evaluated the effectiveness of the design and operation of its disclosure controls and procedures. The Company’s disclosure controls and procedures are designed to ensure that the Company records, processes, summarizes and reports in a timely manner the information required to be disclosed in the periodic reports filed by the Company with the Securities and Exchange Commission. The Company’s management, including the chief executive officer and chief financial officer, have conducted an evaluation of the effectiveness of the design and operation of the Company’s Disclosure Controls and Procedures as defined in the Rule 13a-15(e) of Securities Exchange Act of 1934. Based on that evaluation, the chief executive officer and chief financial officer have concluded that, as of the date of this report, the Company’s disclosure controls and procedures are effective to provide reasonable assurance of achieving the purposes described in Rule 13a-15(e), and no changes are required at this time.

(b)

Changes in Internal Controls.

There was no change in the Company’s “internal control over financial reporting” (as defined in rule 13a-15(f) of the Securities Exchange Act of 1934) identified in connection with the evaluation required by Rule 13a-15(d) of the Securities Exchange Act of 1934 that occurred during the three-month period covered by this Report on Form 10-Q that has materially affected or is reasonably likely to materially affect the Company’s internal control over financial reporting subsequent to the date the chief executive officer and chief financial officer completed their evaluation.

-31-

PART II - OTHER INFORMATION

Item 1 – Legal Proceedings

-32-

Item 4 – Submission of Matter to a Vote of the Security Holders

No matters were submitted to the security holders of the Company for a vote during the first quarter of 2016.

Item 6 - Exhibits

Exhibit

No.

Description

31.1

Certification of Chief Executive Officer of Omega Flex, Inc. pursuant to Rule 15d-14(a) promulgated under the Securities Exchange Act of 1934, as amended.

31.2

Certification of Chief Financial Officer of Omega Flex, Inc. pursuant to 15d-14(a) promulgated under the Securities Exchange Act of 1934, as amended.

32.1

Certification of Chief Executive Officer and Chief Financial Officer of Omega Flex, Inc., pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

-33-

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.



	OMEGA FLEX, INC.
	(Registrant)

Date: May 6, 2016	By: /S/ Paul J. Kane______________
	Paul J. Kane
	Vice President – Finance
	and Chief Financial Officer

-34-

EX-31.1 2 oflx_ex31z1.htm CERTIFICATION Certification

EXHIBIT 31.1

Certification by the Chief Executive Officer

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Kevin R. Hoben, certify that:

I have reviewed this Quarterly Report on Form 10-Q for fiscal quarter ended March 31, 2016, of Omega Flex, Inc. (the “registrant”);

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)

Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)

Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: May 6, 2016

/s/ Kevin R. Hoben__________________________

Kevin R. Hoben

Chief Executive Officer

EX-31.2 3 oflx_ex31z2.htm CERTIFICATION Certification

EXHIBIT 31.2

Certification by the Chief Financial Officer

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Paul J. Kane, certify that:

I have reviewed this Quarterly Report on Form 10-Q for fiscal quarter ended March 31, 2016, of Omega Flex, Inc. (the “registrant”);

(a)

(b)

(c)

(d)

(a)

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: May 6, 2016

/s/ Paul J. Kane

Paul J. Kane

Chief Financial Officer

EX-32.1 4 oflx_ex32z1.htm CERTIFICATION Certification

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO SECTION 906 OF

THE SARBANES-OXLEY ACT OF 2002

Each of the undersigned hereby certifies, for the purposes of 18 U.S.C. Section 1350, in his capacity as an officer of Omega Flex, Inc. (the “Company”), that, to his knowledge:

(a)

the Quarterly Report on Form 10-Q of the Company for the fiscal quarter ended March 31, 2016, as filed with the Securities and Exchange Commission (the “Report”), fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934; and

(b)

the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: May 6, 2016

/s/ Kevin R. Hoben

Kevin R. Hoben

Chief Executive Officer

/s/ Paul J. Kane

Paul J. Kane

Chief Financial Officer

This certification is not deemed to be “filed” for purposes of section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section. This certification is not deemed to be incorporated by reference into any filing under the Securities Act of 1933 or Securities Exchange Act of 1934, except to the extent that the Company specifically incorporates it by reference.

EX-101.CAL 5 oflx-20160331_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 6 oflx-20160331_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.INS 7 oflx-20160331.xml XBRL INSTANCE DOCUMENT

23522000

30152000

13108000

16605000

1369000

1647000

45783000

56691000

4547000

4638000

3526000

114000

1323000

1305000

55293000

66274000

2115000

2489000

896000

4669000

2500000

4333000

8578000

1081000

433000

3201000

3050000

9793000

23552000

446000

368000

1335000

1200000

11574000

25120000

102000

1000

10808000

33300000

30656000

-798000

-683000

43411000

40882000

308000

272000

55293000

66274000

20626000

20973000

8134000

8583000

12492000

12390000

3853000

3775000

3906000

3277000

712000 631000

4021000

4707000

20000

16000

-46000

3995000

4677000

1308000

1491000

43000

2643000

3143000

0.26

0.31

10092

2687000

3186000

-122000

-99000

-122000

-99000

2565000

3087000

36000

2529000

3051000

2687000

3186000

130000

-213000

122000

100000

-195000

-60000

74000

-458000

-300000

42000

3639000

849000

777000

-506000

256000

312000

-366000

-928000

-3760000

-3049000

-1830000 -613000

825000

499000

2059000

-839000

33000

197000

-33000

-197000

8578000

4945000

-8578000

-4945000

-6552000

-5981000

-78000

30152000

22585000

23522000

16526000

575000

937000

10-Q 2016-03-31 false Omega Flex, Inc. 0001317945 oflx --12-31 10091822 Accelerated Filer Yes No No 2016 Q1

1.  BASIS OF PRESENTATION AND DESCRIPTION OF BUSINESS   Basis of Presentation   The accompanying unaudited condensed consolidated financial statements include the accounts of Omega Flex, Inc. (Omega) and its subsidiaries (collectively the Company). The Companys unaudited condensed consolidated financial statements for the quarter ended March 31, 2016 have been prepared in accordance with accounting principles generally accepted in the United States (GAAP), and with the instructions of Form 10-Q and Article 10 of Regulation S-X. Certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading. It is suggested that these condensed consolidated financial statements be read in conjunction with the financial statements and the notes thereto included in the Companys latest shareholders annual report (Form 10-K). All material inter-company accounts and transactions have been eliminated in consolidation. Certain amounts from prior years have been reclassified to conform to current year presentation. It is Managements opinion that all adjustments necessary for a fair statement of the results for the interim periods have been made, and that all adjustments are of a normal recurring nature or a description is provided for any adjustments that are not of a normal recurring nature.   Description of Business   The Company is a leading manufacturer of flexible metal hose, and is currently engaged in a number of different markets, including construction, manufacturing, petrochemical transfer, pharmaceutical and other industries.   The Companys business is managed as a single operating segment that consists of the manufacture and sale of flexible metal hose and accessories.  The Companys products are concentrated in residential and commercial construction, and general industrial markets, with a comprehensive portfolio of intellectual property and patents issued in various countries around the world. The Companys primary product, flexible gas piping, is used for gas piping within residential and commercial buildings. Through its flexibility and ease of use, the Companys TracPipe® and TracPipe® CounterStrike® flexible gas piping, along with its fittings distributed under the trademarks AutoSnap® and AutoFlare®, allows users to substantially cut the time required to install gas piping, as compared to traditional methods. The Companys products are manufactured at its Exton, Pennsylvania facilities in the United States, and in Banbury, Oxfordshire in the United Kingdom. A majority of the Companys sales across all industries are generated through independent outside sales organizations such as sales representatives, wholesalers and distributors, or a combination of both. The Company has a broad distribution network in North America and to a lesser extent in other global markets.

2. SIGNIFICANT ACCOUNTING POLICIES   Use of Estimates   The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. The most significant estimates and assumptions relate to revenue recognition and related sales incentives, accounts receivable allowances, inventory valuations, goodwill valuation, product liability reserve, stock-based compensation valuations and accounting for income taxes.  Actual amounts could differ significantly from these estimates.   Revenue Recognition   The Companys revenue recognition activities relate almost entirely to the manufacture and sale of flexible metal hose and pipe.  Under GAAP, revenues are considered to have been earned when the Company has substantially accomplished what it must do to be entitled to the benefits represented by the revenues.  The following criteria represent preconditions to the recognition of revenue:   <ul type="disc" style='margin-top:0in'> <li style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Persuasive evidence of an arrangement for the sale of product or services must exist.</li> <li style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Delivery has occurred or services rendered.</li> <li style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>The sales price to the customer is fixed or determinable.</li> <li style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Collection is reasonably assured.</li> </ul>   The Company recognizes revenue upon shipment in accordance with the above principles.   Gross sales are reduced for all consideration paid to customers for which no identifiable benefit is received by the Company.  This includes promotional incentives, which includes various programs including year-end rebates, and payment term discounts.  The amounts of certain incentives are known with reasonable certainty at the time of sale, while others are projected based upon the most reliable information available at the reporting date.  Commissions are accounted for as a selling expense.   Cash Equivalents   The Company considers all highly liquid investments with an original maturity of 90 days or less at the time of purchase to be cash equivalents. Cash equivalents include investments in an institutional money market fund, which invests in U.S. Treasury bills, notes and bonds, and/or repurchase agreements, backed by such obligations.  Carrying value approximates fair value.  Cash and cash equivalents are deposited at various area banks, which at times may exceed federally insured limits.  The Company monitors the viability of the banking institutions carrying its assets on a regular basis, and has the ability to transfer cash to various institutions during times of risk.  The Company has not experienced any losses related to these cash balances, and believes its credit risk to be minimal.   Accounts Receivable and Provision for Doubtful Accounts   Accounts receivable are reduced by an allowance for amounts that may become uncollectible in the future. The estimated allowance for uncollectible amounts is based primarily on specific analysis of accounts in the receivable portfolio and historical write-off experience. While management believes the allowance to be adequate, if the financial condition of the Companys customers were to deteriorate, resulting in their inability to make payments, additional allowances may be required.   The allowance for doubtful accounts reflects our best estimate of probable losses inherent in the accounts receivable balance.  The Company determines the allowance based on any known collection issues, historical experience, and other currently available evidence. The reserve for future credits, discounts, and doubtful accounts was $687,000 and $882,000 as of March 31, 2016 and December 31, 2015, respectively.  In regards to identifying uncollectible accounts, the Company reviews an aging report on a consistent basis to determine past due accounts, and utilizes a well established credit rating agency.  The Company charges off those accounts that are deemed uncollectible once all collection efforts have been exhausted.   Inventories   Inventories are valued at the lower of cost or market. The cost of inventories is determined by the first-in, first-out (FIFO) method. The Company generally considers inventory quantities beyond two-years usage, measured on a historical usage basis, to be excess inventory and reduces the carrying value of inventory accordingly.   Property and Equipment   Property and equipment are carried at cost. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets or, for leasehold improvements, the life of the lease, if shorter. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is reflected in other income or expense for the period. The cost of maintenance and repairs is expensed as incurred; significant improvements are capitalized.   Goodwill   In accordance with Financial Accounting Standards Board (FASB) ASC Topic 350, Intangibles Goodwill and Other, the Company performed an annual impairment test in accordance with this guidance as of December 31, 2015.  This analyses did not indicate any impairment of goodwill.  There were no circumstances that indicate that goodwill might be impaired at March 31, 2016.   Stock-Based Compensation Plans   In 2006, the Company adopted a Phantom Stock Plan (the Plan), which allows the Company to grant phantom stock units (Units) to certain key employees, officers or directors. The Units each represent a contractual right to payment of compensation in the future based upon the market value of the Companys common stock.  The Units follow a vesting schedule of three years from the grant date, and are then paid upon maturity.  In accordance with FASB ASC Topic 718, Stock Compensation, the Company uses the Black-Scholes option pricing model as its method for determining the fair value of the Units.  Further details of the Plan are provided in Note 6.   Product Liability Reserves   Product liability reserves represent the estimated unpaid amounts under the Companys insurance policies with respect to existing claims.  The Company uses the most current available data to estimate claims.  As explained more fully under Note 5, Commitments and Contingencies, for various product liability claims covered under the Companys general liability insurance policies, the Company must pay certain defense and settlement costs within its deductible or self-insured retention limits, ranging primarily from $25,000 to $250,000 per claim, depending on the terms of the policy in the applicable policy year, up to an aggregate amount.  The Company is vigorously defending against all known claims.   Fair Value of Financial and Nonfinancial Instruments   The Company measures financial instruments in accordance with FASB ASC Topic 820, Fair Value Measurements and Disclosures.  The accounting standard defines fair value, establishes a framework for measuring fair value under GAAP, and enhances disclosures about fair value measurements.  Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.  Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The standard creates a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels as follows: Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and Level 3 inputs are unobservable inputs that reflect the Companys own assumptions about the assumptions market participants would use in pricing the asset or liability. The Company relies on its actively traded share value a Level 1 input in determining the fair value of the reporting unit in its annual impairment test as described in the FASB ASC Topic 350, Intangibles - Goodwill and Other.   Earnings per Common Share   Basic earnings per share have been computed using the weighted-average number of common shares outstanding. For the periods presented, there are no dilutive securities. Consequently, basic and dilutive earnings per share are the same.   Currency Translation   Assets and liabilities denominated in foreign currencies, most of which relate to our United Kingdom subsidiary whose functional currency is British pound sterling, are translated into U.S. dollars at exchange rates prevailing on the balance sheet dates. The statements of income are translated into U.S. dollars at average exchange rates for the period. Adjustments resulting from the translation of financial statements are excluded from the determination of income and are accumulated in a separate component of shareholders equity. Exchange gains and losses resulting from foreign currency transactions are included in the statements of income (other expense) in the period in which they occur.   Income Taxes   The Company accounts for tax liabilities in accordance with the FASB ASC Topic 740, Income Taxes. Under this method the Company records tax expense, related deferred taxes and tax benefits, and uncertainties in tax positions.   Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities from a change in tax rates is recognized in income in the period that includes the enactment date.  A valuation allowance is provided for deferred tax assets if it is more likely than not that these items will either expire before the Company is able to realize the benefit, or that future deductibility is uncertain.   The FASB ASC Topic 740, Income Taxes, clarifies the criteria that an individual tax position must satisfy for some or all of the benefits of that position to be recognized in a companys financial statements. This guidance prescribes a recognition threshold of more-likely than-not, and a measurement attribute for all tax positions taken or expected to be taken on a tax return, in order for those tax positions to be recognized in the financial statements.   The Company follows the provisions of ASC 740-10 relative to accounting for uncertainties in tax positions. These provisions provide guidance on the recognition, de-recognition and measurement of potential tax benefits associated with tax positions. The Company elected to recognize interest and penalties related to income tax matters as a component of the income tax provision in the consolidated statements of income. For additional information regarding ASC 740-10, see Note 8 of the Companys December 31, 2015 Form 10-K.   The FASB ASU 2015-17 eliminates the current requirement for organizations to present deferred tax liabilities and assets as current and noncurrent in a classified balance sheet.  Instead, organizations will be required to classify all deferred tax assets and liabilities as noncurrent.  The amendments of ASU 2015-17 apply to all organizations that present a classified balance sheet. For public companies, the amendments are effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted and the Company adopted this ASU prospectively in the calendar year ended December 31, 2015.  As a result, the Company has presented all deferred tax assets and liabilities as noncurrent on its consolidated balance sheet starting with the year ended December 31, 2015.  There was no impact on operations as a result of adoption of the FASB ASU 2015-17.   Other Comprehensive Income   For the quarters ended March 31, 2016 and 2015, respectively, the components of other comprehensive income consisted solely of foreign currency translation adjustments.   Significant Concentration   At March 31, 2016, the Company has one significant customer who represented more than 10% of the Companys Accounts Receivable, but that same customer was less than 10% of the Companys total Net Sales for the quarter ending March 31, 2016.  At December 31, 2015, that same customer represented more than 10% of the Companys Accounts Receivable balance, and was also more than 10% of Net Sales for the first quarter of 2015.  Geographically, the Company has a significant amount of sales in the United States versus internationally. These concentrations are discussed in detail in the Companys December 31, 2015 Form 10-K.   Subsequent Events   The Company evaluates all events or transactions through the date of the related filing that may have a material impact on its condensed consolidated financial statements. Refer to Note 9 of the condensed consolidated financial statements.     Recent Accounting Pronouncements   In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606), requiring an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The updated standard will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective and permits the use of either a full retrospective or retrospective with cumulative effect transition method. The updated standard becomes effective for the Company in the first quarter of fiscal year 2018. Early adoption is permitted beginning in the first quarter of the Companys 2017 fiscal year.  The Company has not yet selected a transition method and is currently evaluating the effect that the updated standard will have on the consolidated financial statements.   In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory (Topic 330). Under this ASU, inventory will be measured at the lower of cost and net realizable value and options that currently exist for market value will be eliminated. The ASU defines net realizable value as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. No other changes were made to the current guidance on inventory measurement. ASU 2015-11 is effective for interim and annual periods beginning after December 15, 2016. Early application is permitted and should be applied prospectively.  The Company is evaluating the provisions of this statement, including which period to adopt, and has not determined what impact the adoption of ASU 2015-11 will have on the Company's financial position or results of operations.   In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842).  Under this ASU, lessees are required to recognize right-of-use assets and lease liabilities for all leases not considered short-term leases. By definition, a short-term lease is one in which: (a) the lease term is 12 months or less and (b) there is not an option to purchase the underlying asset that the lessee is reasonably certain to exercise. For short-term leases, lessees may elect an accounting policy by class of underlying asset under which right-of-use assets and lease liabilities are not recognized and lease payments are generally recognized as expense over the lease term on a straight-line basis. This change will result in lessees recognizing right-of-use assets and lease liabilities for most leases currently accounted for as operating leases under the legacy lease accounting guidance.  ASU 2016-02 is effective for interim and annual periods beginning after December 15, 2018.  Early adoption is permitted. The Company is evaluating the provisions of this statement, including which period to adopt, and has not determined what impact the adoption of ASU 2016-02 will have on the Company's financial position or results of operations.

3. INVENTORIES   Inventories, net of reserves of $664,000 and $969,000 at March 31, 2016 and December 31, 2015, respectively, consisted of the following:   <table border="0" cellspacing="0" cellpadding="0" style='margin-left:-5.4pt;border-collapse:collapse'> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> March 31, </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> December 31, </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> 2016 </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> 2015 </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td colspan="3" valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> (dollars in thousands) </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> Finished Goods </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> $ 5,625    </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> $ 6,082    </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> Raw Materials </td> <td valign="bottom" style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> 2,159    </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> 2,205    </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='border:none;padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='border:none;padding:0in 5.4pt 0in 5.4pt'>   </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> Inventories - Net </td> <td valign="bottom" style='border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> $ 7,784    </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> $ 8,287    </td> </tr> </table>

4. LINE OF CREDIT   On December 29, 2014, the Company entered into to an Amended and Restated Committed Revolving Line of Credit Note (the Line) and a Second Amendment to the Loan Agreement with Santander Bank, N.A. (Santander). The Line facility in the maximum amount of $15,000,000, has a five year term maturing on December 31, 2019, with funds available for working capital purposes and to fund dividends, and is unsecured. The Line provides for the payment of any borrowings at an interest rate of either LIBOR plus 1.00% to plus 1.35% (for borrowings with a fixed term of 30, 60, or 90 days), or Prime from 0.00% to plus 0.10%, depending upon the Companys then existing financial ratios.  At March 31, 2016, the Companys financial ratios would allow for the most favorable rate under the agreements range, which would be a rate of 1.63%.  Under the terms of the agreement, the Company is required to pay on a quarterly basis an unused facility fee equal to 10 basis points of the average unused balance of the total Line commitment.   As of March 31, 2016 and December 31, 2015, the Company had no outstanding borrowings on its line of credit, and was in compliance with all debt covenants.

5. COMMITMENTS AND CONTINGENCIES   Commitments:   Under a number of indemnity agreements between the Company and each of its officers and directors, the Company has agreed to indemnify each of its officers and directors against any liability asserted against them in their capacity as an officer or director, or both. The Companys indemnity obligations under the indemnity agreements are subject to certain conditions and limitations set forth in each of the agreements. Under the terms of the Agreement, the Company is contingently liable for costs which may be incurred by the officers and directors in connection with claims arising by reason of these individuals roles as officers and directors. The Company has obtained directors and officers insurance policies to fund certain obligations under the indemnity agreements.   The Company has salary continuation agreements with one current employee, and one former employee who retired at the end of 2010. These agreements provide for monthly payments to each of the employees or their designated beneficiary upon the employees retirement or death. The payment benefits range from $1,000 per month to $3,000 per month with the term of such payments limited to 15 years after the employees retirement at age 65. The agreements also provide for survivorship benefits if the employee dies before attaining age 65, and severance payments if the employee is terminated without cause; the amount of which is dependent on the length of company service at the date of termination. The net present value of the retirement payments associated with these agreements is $518,000 at March 31, 2016, of which $497,000 is included in Other Long Term Liabilities, and the remaining current portion of $21,000 is included in Other Liabilities, associated with each of the individuals as our current employee is expected to meet retirement age by the end of the year. The December 31, 2015 liability of $508,000, had $496,000 reported in Other Long Term Liabilities, and a current portion of $12,000 in Other Liabilities.   The Company has obtained and is the beneficiary of three whole life insurance policies with respect to the two employees discussed above, and one other employee policy. The cash surrender value of such policies (included in Other Long Term Assets) amounts to $1,110,000 at March 31, 2016 and $1,091,000 at December 31, 2015.   As disclosed in detail in Note 9 of the Companys December 31, 2015 Form 10-K, under the caption Leases, the Company has several lease obligations in place that will be paid out over time. Most notably, the Company leases facilities in Banbury, England, and Exton, Pennsylvania in the United States that both serve the manufacturing, warehousing and distribution functions.   Contingencies:   In the ordinary and normal conduct of the Companys business, it is subject to periodic lawsuits, investigations and claims (collectively, the Claims). Beginning in 2010, the Company experienced an increase in the number of Claims related to lightning subrogation, which increased legal and product liability related expenses.  The Company did not believe the Claims had legal merit, and therefore commenced a vigorous defense in response to the Claims. Due to the Companys success over the years in defending itself, and success in several cases that went to trial, the pace of new Claims has decreased over the last couple of years. Although the pace of new Claims has decreased, expenses during 2015 and in the first quarter of 2016 have increased over comparable periods due to the Companys heightened and vigorous defense of certain cases. The increased level of spending may continue further into 2016. To reiterate, the Company does not believe that the Claims have legal merit, and is therefore vigorously defending against those Claims. In 2013, the Company won two of the Claims at two separate trials, both of which were held in U.S. District Court; one in St. Louis, Missouri and the other in Bridgeport, Connecticut. In both cases, the jury unanimously found that the Company was not negligent in designing its TracPipe® product, and that the TracPipe® product was not defective or unreasonably dangerous. In 2010, the Company took its first Claim to trial in Pennsylvania, and the jury returned a verdict that the Company was not negligent in designing and selling the TracPipe product, but also returned a verdict for plaintiff on strict liability. The Company appealed that portion of the verdict, and in December 2014, the Supreme Court of Pennsylvania ruled in favor of the Company, and returned the case to the trial court for further hearings.   The Company has in place commercial general liability insurance policies that cover the Claims, which are subject to deductibles or retentions, ranging primarily from $25,000 to $250,000 per claim (depending on the terms of the policy and the applicable policy year), up to an aggregate amount. Litigation is subject to many uncertainties and management is unable to predict the outcome of the pending suits and claims. The potential liability for a given claim could range from zero to a maximum of $250,000, depending upon the circumstances, and insurance deductible or retention in place for the respective claim year. The aggregate maximum exposure for all current open Claims is estimated to not exceed approximately $3,200,000, which represents the potential costs that may be incurred over time for the Claims within the applicable insurance policy deductibles or retentions. From time to time, depending upon the nature of a particular case, the Company may decide to spend in excess of a deductible or retention to enable more discretion regarding the defense, although this is not common.  It is possible that the results of operations or liquidity of the Company, as well as the Companys ability to procure reasonably priced insurance, could be adversely affected by the pending litigation, potentially materially. The Company is currently unable to estimate the ultimate liability, if any, that may result from the pending litigation, or potential litigation from future claims or claims that have not yet come to our attention, and accordingly, the liability in the consolidated financial statements primarily represents an accrual for legal costs for services previously rendered and outstanding settlements for existing claims. The liabilities recorded on the Companys books at March 31, 2016 and December 31, 2015 were $299,000 and $249,000, respectively, and are included in Other Liabilities.   Finally, in February of 2012, the Company was made aware of a fraud perpetrated by an outside party involving insurance related premiums that the Company had prepaid for umbrella coverage. The assets are currently secured by a governmental agency which investigated the case, and held in a custodial account.  In June of 2015, utilizing the secured funds, the court has approved restitution to all victims including the Company.  It is not clear however at this point what amount will eventually be received by the Company.  The value of the assets on the books amount to $213,000 at March 31, 2016 and December 31, 2015, and are included in Other Long Term Assets.  It is possible that not all of those funds will be returned to the Company, or the Company may need to incur additional costs to procure collection.  The Company is currently pursuing all avenues in an effort to bring closure to the event, and reclaim the assets, and has since replaced the aforementioned insurance coverage.

6. STOCK BASED PLANS   Phantom Stock Plan   Plan Description.  On April 1, 2006, the Company adopted the Omega Flex, Inc. 2006 Phantom Stock Plan (the Plan).  The Plan authorizes the grant of up to one million units of phantom stock to employees, officers or directors of the Company.  The phantom stock units ("Units") each represent a contractual right to payment of compensation in the future based on the market value of the Companys common stock.  The Units are not shares of the Companys common stock, and a recipient of the Units does not receive any of the following:   <ul type="disc" style='margin-top:0in'> <li style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>ownership interest in the Company</li> <li style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>shareholder voting rights</li> <li style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>other incidents of ownership to the Companys common stock</li> </ul>   The Units are granted to participants upon the recommendation of the Companys CEO, and the approval of the Compensation Committee.  Each of the Units that are granted to a participant will be initially valued by the Compensation Committee, at an amount equal to the closing price of the Companys common stock on the grant date, but are recorded at fair value using the Black-Sholes method as described below.  The Units follow a vesting schedule, with a maximum vesting of three years after the grant date.  Upon vesting, the Units represent a contractual right of payment for the value of the Unit.  The Units will be paid on their maturity date, one year after all of the Units granted in a particular award have fully vested, unless an acceptable event occurs under the terms of the Plan prior to one year, which would allow for earlier payment.  The amount to be paid to the participant on the maturity date is dependent on the type of Unit granted to the participant.   The Units may be Full Value, in which the value of each Unit at the maturity date, will equal the closing price of the Companys common stock as of the maturity date; or Appreciation Only, in which the value of each Unit at the maturity date will be equal to the closing price of the Companys common stock at the maturity date minus the closing price of the Companys common stock at the grant date.   On December 9, 2009, the Board of Directors authorized an amendment to the Plan to pay an amount equal to the value of any cash or stock dividend declared by the Company on its common stock to be accrued to the phantom stock units outstanding as of the record date of the common stock dividend.  The dividend equivalent will be paid at the same time the underlying phantom stock units are paid to the participant.   In certain circumstances, the Units may be immediately vested upon the participants death or disability. All Units granted to a participant are forfeited if the participant is terminated from his relationship with the Company or its subsidiary for cause, which is defined under the Plan.  If a participants employment or relationship with the Company is terminated for reasons other than for cause, then any vested Units will be paid to the participant upon termination. However, Units granted to certain specified employees as defined in Section 409A of the Internal Revenue Code will be paid approximately 181 days after termination.   Grants of Phantom Stock Units.  As of December 31, 2015, the Company had 20,335 unvested units outstanding, all of which were granted at Full Value.  On February 16, 2016, the Company granted an additional 10,460 Full Value Units with a fair value of $30.57 per unit on grant date, using historical volatility. In February 2016, the Company paid $311,000 for the 8,690 fully vested and matured units that were granted on February 16, 2012, including their respective earned dividend values.  As of March 31, 2016, the Company had 23,822 unvested units outstanding.    The Company uses the Black-Scholes option pricing model as its method for determining fair value of the Units. The Company uses the straight-line method of attributing the value of the stock-based compensation expense relating to the Units. The compensation expense (including adjustment of the liability to its fair value) from the Units is recognized over the vesting period of each grant or award.   The FASB ASC Topic 718, Stock Compensation, requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates in order to derive the Companys best estimate of awards ultimately to vest.   Forfeitures represent only the unvested portion of a surrendered Unit and are typically estimated based on historical experience.  Based on an analysis of the Companys historical data, which has limited experience related to any stock-based plan forfeitures, the Company applied a 0% forfeiture rate to Plan Units outstanding in determining its Plan Unit compensation expense as of March 31, 2016.   The total Phantom Stock related liability as of March 31, 2016 was $724,000 which is included in Other Long Term Liabilities. At December 31, 2015, the total Phantom Stock liability was $905,000, with $310,000 in Other Liabilities, and $595,000 included in Other Long Term Liabilities.   In accordance with FASB ASC Topic 718, Stock Compensation, the Company recorded compensation expense of approximately $130,000 for the three months ended March 31, 2016, and compensation income of approximately $213,000 related to the Phantom Stock Plan for the three months ended March 31, 2015.   The following table summarizes information about the Companys nonvested phantom stock Units at March 31, 2016:   <table border="0" cellspacing="0" cellpadding="0" style='margin-left:-5.4pt;border-collapse:collapse'> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> Units </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> Weighted Average Grant Date Fair Value </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> Number of Phantom Stock Unit Awards: </td> <td valign="bottom" style='border:none;padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='border:none;padding:0in 5.4pt 0in 5.4pt'>   </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   Nonvested at December 31, 2015 </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> 20,335    </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> $ 22.74    </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>      Granted </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> 10,460    </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> $ 30.57    </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>      Vested </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> (6,973)   </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> $ 23.31    </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>      Forfeited </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> ---    </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> ---    </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>      Canceled </td> <td valign="bottom" style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> ---    </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> ---    </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   Nonvested at March 31, 2016 </td> <td valign="bottom" style='border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> 23,822    </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> $ 26.01    </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   Phantom Stock Unit Awards Expected to Vest </td> <td valign="bottom" style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> 23,822    </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> $ 26.01    </td> </tr> </table>     The total unrecognized compensation costs calculated at March 31, 2016 are $647,000 which will be recognized through February of 2019. The Company will recognize the related expense over the weighted average period of 1.9 years.

7.  NONCONTROLLING INTERESTS   The Company owns 100% of all subsidiaries, except for a small portion of one, which is owned by a Noncontrolling Interest.  At December 31, 2015, total Shareholders Equity was $41,154,000, and the Noncontrolling Interest was $272,000. For the three month period ended March 31, 2016, the Noncontrolling Interests portion of Net Income was approximately $44,000, and their portion of Other Comprehensive Income was a loss of $8,000. At March 31, 2016, total Shareholders Equity was $43,719,000, of which the Noncontrolling Interest held a value of $308,000.

8. SHAREHOLDERS EQUITY   As of March 31, 2016 and December 31, 2015, the Company had authorized 20,000,000 common stock shares with par value of $0.01 per share. At both dates, the number of shares issued was 10,153,633, and the total number of outstanding shares was 10,091,822, with the 61,811 variance representing shares held in Treasury.   On December 10, 2015, the Board declared a special dividend of $0.85 per share to all Shareholders of record as of December 21, 2015, and payable on or before January 6, 2016. The Company paid its transfer agent $8,578,000 on January 5, 2016, and the transfer agent paid the shareholders on January 6, 2016.   On December 10, 2014, the Board declared a special dividend of $0.49 per share to all Shareholders of record as of December 22, 2014, which was paid on January 5, 2015, in the amount of $4,945,000.   On April 4, 2014, the Companys Board of Directors authorized an extension of its stock repurchase program without expiration, up to a maximum amount of $1,000,000. The original program established in December of 2007 authorized the purchase of up to $5,000,000 of its common stock. The purchases may be made from time-to-time in the open market or in privately negotiated transactions, depending on market and business conditions. The Board retained the right to cancel, extend, or expand the share buyback program, at any time and from time-to-time. Since inception, the Company has purchased a total of 61,811 shares for approximately $932,000, or approximately $15 per share. The Company did not make any stock repurchases during the first quarter of 2016, or for the year ended December 31, 2015.

9. SUBSEQUENT EVENTS   The Company evaluated all events or transactions that occurred through the date of this filing. During this period, the Company did not have any material subsequent events that impacted its condensed consolidated financial statements that are not disclosed.

Basis of Presentation   The accompanying unaudited condensed consolidated financial statements include the accounts of Omega Flex, Inc. (Omega) and its subsidiaries (collectively the Company). The Companys unaudited condensed consolidated financial statements for the quarter ended March 31, 2016 have been prepared in accordance with accounting principles generally accepted in the United States (GAAP), and with the instructions of Form 10-Q and Article 10 of Regulation S-X. Certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading. It is suggested that these condensed consolidated financial statements be read in conjunction with the financial statements and the notes thereto included in the Companys latest shareholders annual report (Form 10-K). All material inter-company accounts and transactions have been eliminated in consolidation. Certain amounts from prior years have been reclassified to conform to current year presentation. It is Managements opinion that all adjustments necessary for a fair statement of the results for the interim periods have been made, and that all adjustments are of a normal recurring nature or a description is provided for any adjustments that are not of a normal recurring nature.

Use of Estimates   The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. The most significant estimates and assumptions relate to revenue recognition and related sales incentives, accounts receivable allowances, inventory valuations, goodwill valuation, product liability reserve, stock-based compensation valuations and accounting for income taxes.  Actual amounts could differ significantly from these estimates.

Revenue Recognition   The Companys revenue recognition activities relate almost entirely to the manufacture and sale of flexible metal hose and pipe.  Under GAAP, revenues are considered to have been earned when the Company has substantially accomplished what it must do to be entitled to the benefits represented by the revenues.  The following criteria represent preconditions to the recognition of revenue:   <ul type="disc" style='margin-top:0in'> <li style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Persuasive evidence of an arrangement for the sale of product or services must exist.</li> <li style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Delivery has occurred or services rendered.</li> <li style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>The sales price to the customer is fixed or determinable.</li> <li style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Collection is reasonably assured.</li> </ul>   The Company recognizes revenue upon shipment in accordance with the above principles.   Gross sales are reduced for all consideration paid to customers for which no identifiable benefit is received by the Company.  This includes promotional incentives, which includes various programs including year-end rebates, and payment term discounts.  The amounts of certain incentives are known with reasonable certainty at the time of sale, while others are projected based upon the most reliable information available at the reporting date.  Commissions are accounted for as a selling expense.

Cash Equivalents   The Company considers all highly liquid investments with an original maturity of 90 days or less at the time of purchase to be cash equivalents. Cash equivalents include investments in an institutional money market fund, which invests in U.S. Treasury bills, notes and bonds, and/or repurchase agreements, backed by such obligations.  Carrying value approximates fair value.  Cash and cash equivalents are deposited at various area banks, which at times may exceed federally insured limits.  The Company monitors the viability of the banking institutions carrying its assets on a regular basis, and has the ability to transfer cash to various institutions during times of risk.  The Company has not experienced any losses related to these cash balances, and believes its credit risk to be minimal.

Accounts Receivable and Provision for Doubtful Accounts   Accounts receivable are reduced by an allowance for amounts that may become uncollectible in the future. The estimated allowance for uncollectible amounts is based primarily on specific analysis of accounts in the receivable portfolio and historical write-off experience. While management believes the allowance to be adequate, if the financial condition of the Companys customers were to deteriorate, resulting in their inability to make payments, additional allowances may be required.   The allowance for doubtful accounts reflects our best estimate of probable losses inherent in the accounts receivable balance.  The Company determines the allowance based on any known collection issues, historical experience, and other currently available evidence. The reserve for future credits, discounts, and doubtful accounts was $687,000 and $882,000 as of March 31, 2016 and December 31, 2015, respectively.  In regards to identifying uncollectible accounts, the Company reviews an aging report on a consistent basis to determine past due accounts, and utilizes a well established credit rating agency.  The Company charges off those accounts that are deemed uncollectible once all collection efforts have been exhausted.

Inventories   Inventories are valued at the lower of cost or market. The cost of inventories is determined by the first-in, first-out (FIFO) method. The Company generally considers inventory quantities beyond two-years usage, measured on a historical usage basis, to be excess inventory and reduces the carrying value of inventory accordingly.

Property and Equipment   Property and equipment are carried at cost. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets or, for leasehold improvements, the life of the lease, if shorter. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is reflected in other income or expense for the period. The cost of maintenance and repairs is expensed as incurred; significant improvements are capitalized.

Goodwill   In accordance with Financial Accounting Standards Board (FASB) ASC Topic 350, Intangibles Goodwill and Other, the Company performed an annual impairment test in accordance with this guidance as of December 31, 2015.  This analyses did not indicate any impairment of goodwill.  There were no circumstances that indicate that goodwill might be impaired at March 31, 2016.

Stock-Based Compensation Plans   In 2006, the Company adopted a Phantom Stock Plan (the Plan), which allows the Company to grant phantom stock units (Units) to certain key employees, officers or directors. The Units each represent a contractual right to payment of compensation in the future based upon the market value of the Companys common stock.  The Units follow a vesting schedule of three years from the grant date, and are then paid upon maturity.  In accordance with FASB ASC Topic 718, Stock Compensation, the Company uses the Black-Scholes option pricing model as its method for determining the fair value of the Units.  Further details of the Plan are provided in Note 6.

Product Liability Reserves   Product liability reserves represent the estimated unpaid amounts under the Companys insurance policies with respect to existing claims.  The Company uses the most current available data to estimate claims.  As explained more fully under Note 5, Commitments and Contingencies, for various product liability claims covered under the Companys general liability insurance policies, the Company must pay certain defense and settlement costs within its deductible or self-insured retention limits, ranging primarily from $25,000 to $250,000 per claim, depending on the terms of the policy in the applicable policy year, up to an aggregate amount.  The Company is vigorously defending against all known claims.

Fair Value of Financial and Nonfinancial Instruments   The Company measures financial instruments in accordance with FASB ASC Topic 820, Fair Value Measurements and Disclosures.  The accounting standard defines fair value, establishes a framework for measuring fair value under GAAP, and enhances disclosures about fair value measurements.  Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.  Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The standard creates a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels as follows: Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and Level 3 inputs are unobservable inputs that reflect the Companys own assumptions about the assumptions market participants would use in pricing the asset or liability. The Company relies on its actively traded share value a Level 1 input in determining the fair value of the reporting unit in its annual impairment test as described in the FASB ASC Topic 350, Intangibles - Goodwill and Other.

Earnings per Common Share   Basic earnings per share have been computed using the weighted-average number of common shares outstanding. For the periods presented, there are no dilutive securities. Consequently, basic and dilutive earnings per share are the same.

Currency Translation   Assets and liabilities denominated in foreign currencies, most of which relate to our United Kingdom subsidiary whose functional currency is British pound sterling, are translated into U.S. dollars at exchange rates prevailing on the balance sheet dates. The statements of income are translated into U.S. dollars at average exchange rates for the period. Adjustments resulting from the translation of financial statements are excluded from the determination of income and are accumulated in a separate component of shareholders equity. Exchange gains and losses resulting from foreign currency transactions are included in the statements of income (other expense) in the period in which they occur.

Income Taxes   The Company accounts for tax liabilities in accordance with the FASB ASC Topic 740, Income Taxes. Under this method the Company records tax expense, related deferred taxes and tax benefits, and uncertainties in tax positions.   Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities from a change in tax rates is recognized in income in the period that includes the enactment date.  A valuation allowance is provided for deferred tax assets if it is more likely than not that these items will either expire before the Company is able to realize the benefit, or that future deductibility is uncertain.   The FASB ASC Topic 740, Income Taxes, clarifies the criteria that an individual tax position must satisfy for some or all of the benefits of that position to be recognized in a companys financial statements. This guidance prescribes a recognition threshold of more-likely than-not, and a measurement attribute for all tax positions taken or expected to be taken on a tax return, in order for those tax positions to be recognized in the financial statements.   The Company follows the provisions of ASC 740-10 relative to accounting for uncertainties in tax positions. These provisions provide guidance on the recognition, de-recognition and measurement of potential tax benefits associated with tax positions. The Company elected to recognize interest and penalties related to income tax matters as a component of the income tax provision in the consolidated statements of income. For additional information regarding ASC 740-10, see Note 8 of the Companys December 31, 2015 Form 10-K.   The FASB ASU 2015-17 eliminates the current requirement for organizations to present deferred tax liabilities and assets as current and noncurrent in a classified balance sheet.  Instead, organizations will be required to classify all deferred tax assets and liabilities as noncurrent.  The amendments of ASU 2015-17 apply to all organizations that present a classified balance sheet. For public companies, the amendments are effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted and the Company adopted this ASU prospectively in the calendar year ended December 31, 2015.  As a result, the Company has presented all deferred tax assets and liabilities as noncurrent on its consolidated balance sheet starting with the year ended December 31, 2015.  There was no impact on operations as a result of adoption of the FASB ASU 2015-17.

Other Comprehensive Income   For the quarters ended March 31, 2016 and 2015, respectively, the components of other comprehensive income consisted solely of foreign currency translation adjustments.

Significant Concentration   At March 31, 2016, the Company has one significant customer who represented more than 10% of the Companys Accounts Receivable, but that same customer was less than 10% of the Companys total Net Sales for the quarter ending March 31, 2016.  At December 31, 2015, that same customer represented more than 10% of the Companys Accounts Receivable balance, and was also more than 10% of Net Sales for the first quarter of 2015.  Geographically, the Company has a significant amount of sales in the United States versus internationally. These concentrations are discussed in detail in the Companys December 31, 2015 Form 10-K.

Subsequent Events   The Company evaluates all events or transactions through the date of the related filing that may have a material impact on its condensed consolidated financial statements. Refer to Note 9 of the condensed consolidated financial statements.

Recent Accounting Pronouncements   In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606), requiring an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The updated standard will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective and permits the use of either a full retrospective or retrospective with cumulative effect transition method. The updated standard becomes effective for the Company in the first quarter of fiscal year 2018. Early adoption is permitted beginning in the first quarter of the Companys 2017 fiscal year.  The Company has not yet selected a transition method and is currently evaluating the effect that the updated standard will have on the consolidated financial statements.   In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory (Topic 330). Under this ASU, inventory will be measured at the lower of cost and net realizable value and options that currently exist for market value will be eliminated. The ASU defines net realizable value as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. No other changes were made to the current guidance on inventory measurement. ASU 2015-11 is effective for interim and annual periods beginning after December 15, 2016. Early application is permitted and should be applied prospectively.  The Company is evaluating the provisions of this statement, including which period to adopt, and has not determined what impact the adoption of ASU 2015-11 will have on the Company's financial position or results of operations.   In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842).  Under this ASU, lessees are required to recognize right-of-use assets and lease liabilities for all leases not considered short-term leases. By definition, a short-term lease is one in which: (a) the lease term is 12 months or less and (b) there is not an option to purchase the underlying asset that the lessee is reasonably certain to exercise. For short-term leases, lessees may elect an accounting policy by class of underlying asset under which right-of-use assets and lease liabilities are not recognized and lease payments are generally recognized as expense over the lease term on a straight-line basis. This change will result in lessees recognizing right-of-use assets and lease liabilities for most leases currently accounted for as operating leases under the legacy lease accounting guidance.  ASU 2016-02 is effective for interim and annual periods beginning after December 15, 2018.  Early adoption is permitted. The Company is evaluating the provisions of this statement, including which period to adopt, and has not determined what impact the adoption of ASU 2016-02 will have on the Company's financial position or results of operations.

<table border="0" cellspacing="0" cellpadding="0" style='margin-left:-5.4pt;border-collapse:collapse'> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> March 31, </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> December 31, </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> 2016 </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> 2015 </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td colspan="3" valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> (dollars in thousands) </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> Finished Goods </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> $ 5,625    </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> $ 6,082    </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> Raw Materials </td> <td valign="bottom" style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> 2,159    </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> 2,205    </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='border:none;padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='border:none;padding:0in 5.4pt 0in 5.4pt'>   </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> Inventories - Net </td> <td valign="bottom" style='border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> $ 7,784    </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> $ 8,287    </td> </tr> </table>

<table border="0" cellspacing="0" cellpadding="0" style='margin-left:-5.4pt;border-collapse:collapse'> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> Units </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> Weighted Average Grant Date Fair Value </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> Number of Phantom Stock Unit Awards: </td> <td valign="bottom" style='border:none;padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='border:none;padding:0in 5.4pt 0in 5.4pt'>   </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   Nonvested at December 31, 2015 </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> 20,335    </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> $ 22.74    </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>      Granted </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> 10,460    </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> $ 30.57    </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>      Vested </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> (6,973)   </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> $ 23.31    </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>      Forfeited </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> ---    </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'> ---    </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>      Canceled </td> <td valign="bottom" style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> ---    </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> ---    </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   Nonvested at March 31, 2016 </td> <td valign="bottom" style='border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> 23,822    </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> $ 26.01    </td> </tr> <tr align="left"> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   Phantom Stock Unit Awards Expected to Vest </td> <td valign="bottom" style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> 23,822    </td> <td valign="bottom" style='padding:0in 5.4pt 0in 5.4pt'>   </td> <td valign="bottom" style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> $ 26.01    </td> </tr> </table>

687000

882000

5625000

6082000

2159000

2205000

7784000

8287000

On December 29, 2014, the Company entered into to an Amended and Restated Committed Revolving Line of Credit Note (the Line) and a Second Amendment to the Loan Agreement with Santander Bank, N.A. (Santander).

15000000

The Line provides for the payment of any borrowings at an interest rate of either LIBOR plus 1.00% to plus 1.35% (for borrowings with a fixed term of 30, 60, or 90 days), or Prime from 0.00% to plus 0.10%, depending upon the Companys then existing financial ratios. At March 31, 2016, the Companys financial ratios would allow for the most favorable rate under the agreements range, which would be a rate of 1.63%.

the Company is required to pay on a quarterly basis an unused facility fee equal to 10 basis points of the average unused balance of the total Line commitment.

Under a number of indemnity agreements between the Company and each of its officers and directors, the Company has agreed to indemnify each of its officers and directors against any liability asserted against them in their capacity as an officer or director, or both. The Companys indemnity obligations under the indemnity agreements are subject to certain conditions and limitations set forth in each of the agreements. Under the terms of the Agreement, the Company is contingently liable for costs which may be incurred by the officers and directors in connection with claims arising by reason of these individuals roles as officers and directors. The Company has obtained directors and officers insurance policies to fund certain obligations under the indemnity agreements.

518000

497000

21000

508000

496000

12000

1110000

1091000

25000 250000

-213000

Other Long Term Assets

P1Y10M24D

41154000

272000

44000

8000

43719000

308000

20000000

0.01

10153633

10091822

61811

0.85

0.49

5000000

61811

932000

0001317945 2016-01-01 2016-03-31 0001317945 2016-03-31 0001317945 2015-12-31 0001317945 2015-01-01 2015-03-31 0001317945 2015-03-31 0001317945 2014-12-31 0001317945 fil:SantanderBankNAMember 2016-01-01 2016-03-31 0001317945 fil:SantanderBankNAMember 2016-03-31 0001317945 fil:SantanderBankNAMember 2015-12-31 0001317945 us-gaap:InsuranceClaimsMember 2016-03-31 0001317945 us-gaap:PositiveOutcomeOfLitigationMember 2016-03-31 0001317945 us-gaap:PositiveOutcomeOfLitigationMember 2015-12-31 0001317945 us-gaap:PositiveOutcomeOfLitigationMember 2016-01-01 2016-03-31 0001317945 2015-12-10 0001317945 2014-12-10 0001317945 2007-09-12 2016-03-31 iso4217:USD shares iso4217:USD shares Less allowance of $687. Less allowance of $882. See Note 5.

EX-101.LAB 8 oflx-20160331_lab.xml XBRL TAXONOMY EXTENSION LABELS LINKBASE DOCUMENT Stock Repurchased During Period, Shares Fair Value, Option, Methodology and Assumptions Inventory, Finished Goods, Net Details Recent Accounting Pronouncements Represents the textual narrative disclosure of Recent Accounting Pronouncements, during the indicated time period. Cash Equivalents Provision for Losses on Accounts Receivable, net of write-offs and recoveries Net Sales Common Stock, Shares Issued Noncontrolling Interest Omega Flex, Inc. Shareholders' Equity: Accrued Compensation Cash and Cash Equivalents Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Beginning Balance Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Beginning Balance Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance Allocated Share-based Compensation Expense Employee Service, Share-based Compensation, Paid Shares The number of shares paid during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Loss Contingency Accrual 2. Significant Accounting Policies Other Liabilities Change Depreciation and Amortization Other Comprehensive Income Foreign Currency Translation Adjustment, Net of Taxes Basic and Diluted Weighted-Average Shares Outstanding Total Omega Flex, Inc. Shareholders' Equity Total Omega Flex, Inc. Shareholders' Equity Accumulated Other Comprehensive Loss LIABILITIES AND SHAREHOLDERS' EQUITY CONDENSED CONSOLIDATED BALANCE SHEETS Entity Current Reporting Status Amendment Flag Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized Cash Surrender Value of Life Insurance Loss Contingency, Management's Assessment and Process Earnings Per Common Share Cash and Cash Equivalents - Beginning of Period Cash and Cash Equivalents - Beginning of Period Non-Cash Compensation Expense Other Income (Expense), Net Common Stock, Par Value Paid-in Capital Total Current Liabilities Total Current Liabilities Other Long Term Assets Total Current Assets Total Current Assets Entity Well-known Seasoned Issuer Document Type Product Liability Inurance Deductible - Range, minimum The minimum amount of risk retained by the entity before the insurance arrangement begins to provide coverage. Line of Credit Facility, Description Line of Credit Facility, Lender Inventory, Raw Materials, Net Fair Value of Financial and Nonfinancial Instruments Inventory Change Changes in Assets and Liabilities CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Selling Expense Inventories - Net Dividends Payable, Amount Per Share Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period Deferred Compensation Share-based Arrangements, Liability, Current Insurance Claims Revenue Recognition Less: Comprehensive Income (Loss) Attributable to the Noncontrolling Interest Less: Comprehensive Income (Loss) Attributable to the Noncontrolling Interest Interest Income (Expense), Net Common Stock, Shares Outstanding Common Stock Deferred Taxes Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period Positive Outcome of Litigation Other Deferred Compensation Arrangements, Liability, Classified, Noncurrent Deferred Compensation Arrangements, Overall, Description Stock-based Compensation Plans Basis of Presentation Net Increase (Decrease) in Cash and Cash Equivalents Net Increase (Decrease) in Cash and Cash Equivalents Principal Payments on Line of Credit Net (Income) Loss attributable to the Noncontrolling Interest, net of tax Net (Income) Loss attributable to the Noncontrolling Interest, net of tax Allowance for doubtful Accounts Receivable Total Shareholders' Equity Total Shareholders' Equity Total Liabilities Total Liabilities Other Long Term Liabilities Accounts Payable {1} Accounts Payable Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Weighted Average Grant Date Fair Value Loss Contingencies by Nature of Contingency [Axis] Line of Credit Facility, Commitment Fee Description Line of Credit Facility, Interest Rate Description Statement [Line Items] 8. Shareholders' Equity 3. Inventories Cash paid for Income Taxes Accrued Compensation Change Accounts Payable Change Net Income {1} Net Income Engineering Expense Represents the monetary amount of Engineering Expense, during the indicated time period. General and Administrative Expense Retained Earnings Schedule of nonvested phantom stock units Tables/Schedules Subsequent Events 7. Noncontrolling Interests 5. Commitments and Contingencies Notes Total Comprehensive Income Total Comprehensive Income Document Fiscal Period Focus Entity Filer Category Entity Central Index Key Trading Symbol Document and Entity Information: Unvested units outstanding Represents the Unvested units outstanding (number of shares), as of the indicated date. Gain Contingencies by Nature [Axis] Schedule of Inventory, Current Supplemental Disclosure of Cash Flow Information Treasury Stock Treasury Stock Current Assets Entity Registrant Name Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Terms of Award Product Liability Contingency, Loss Exposure Not Accrued, High Estimate Line of Credit Facility, Fair Value of Amount Outstanding Policies Dividend Paid Dividend Paid Cash Flows from Operating Activities: Cost of Goods Sold Taxes Payable {1} Taxes Payable Other Current Assets Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value Line of Credit Facility, Maximum Borrowing Capacity Cash Flows from Financing Activities: Net Cash Provided by (Used In) Operating Activities Net Cash Provided by (Used In) Operating Activities CONDENSED CONSOLIDATED STATEMENTS OF INCOME Commitments and Contingencies Deferred Taxes {1} Deferred Taxes Document Period End Date Stock Repurchase Program, Authorized Amount Share-based Compensation Arrangement by Share-based Payment Award, Description Loss Contingency, Range of Possible Loss, Maximum Loss Contingency, Range of Possible Loss, Maximum Santander Bank, N.A. Statement [Table] Accounts Receivable and Provision For Doubtful Accounts Accrued Commissions and Sales Incentives Change Represents the monetary amount of Accrued Commissions and Sales Incentives Change, during the indicated time period. Comprehensive Income Comprehensive Income CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Basic and Diluted Earnings per Common Share Total Liabilities and Shareholders' Equity Total Liabilities and Shareholders' Equity Dividends Payable {1} Dividends Payable Accounts Receivable Stock Repurchased During Period, Value Treasury Stock, Number of Shares Held Share-based Compensation Arrangement by Share-based Payment Award, Options, Expected to Vest, Outstanding, Number Share-based Compensation Arrangement by Share-based Payment Award, Options, Expected to Vest, Outstanding, Number Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Share-based Liabilities Paid Product Liability Inurance Deductible - Range, maximum The maximum amount of risk retained by the entity before the insurance arrangement begins to provide coverage. Other Deferred Compensation Arrangements, Liability, Current and Noncurrent Significant Concentration Other Comprehensive Income {1} Other Comprehensive Income Disclosure of Accounting Policy for Other Comprehensive Income. Property and Equipment 4. Line of Credit Cash paid for Interest Net Cash Provided by (Used In) Financing Activities Net Cash Provided by (Used In) Financing Activities Net Cash Provided By (Used In) Investing Activities Net Cash Provided By (Used In) Investing Activities Capital Expenditures Capital Expenditures Provision for Inventory Reserves Gross Profit Gross Profit Property and Equipment - Net Document Fiscal Year Focus Entity Voluntary Filers Entity Common Stock, Shares Outstanding Shareholders' Equity attributable to non-controlling interest Represents the monetary amount of Shareholders' Equity attributable to non-controlling interest, as of the indicated date. Deferred Compensation Share-based Arrangements, Liability, Classified, Noncurrent Deferred Compensation Share-based Arrangements, Liability, Current and Noncurrent Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures Loss Contingency, Balance Sheet Caption Loss Contingency, Nature Line of Credit Facility [Axis] Income Taxes Adjustments to Reconcile Net Income to Net Cash Provided By (Used In) Operating Activities: Net Income attributable to Omega Flex, Inc. Total Assets Total Assets ASSETS Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Beginning Balance Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Beginning Balance Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights Inventories Use of Estimates Translation effect on cash Cash Flows from Investing Activities: Other Assets Change Net Income Income Tax Expense Operating Profit Operating Profit Common Stock, Shares Authorized Shareholders' Equity: Accrued Commissions and Sales Incentives Current Liabilities: Current Fiscal Year End Date Gain Contingency, Nature EX-101.PRE 9 oflx-20160331_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT EX-101.SCH 10 oflx-20160331.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 000070 - Disclosure - 1. Basis of Presentation and Description of Business link:presentationLink link:definitionLink link:calculationLink 000230 - Disclosure - 2. Significant Accounting Policies: Goodwill (Policies) link:presentationLink link:definitionLink link:calculationLink 000140 - Disclosure - 8. Shareholders' Equity link:presentationLink link:definitionLink link:calculationLink 000170 - Disclosure - 2. Significant Accounting Policies: Use of Estimates (Policies) link:presentationLink link:definitionLink link:calculationLink 000120 - Disclosure - 6. Stock Based Plans link:presentationLink link:definitionLink link:calculationLink 000340 - Disclosure - 3. Inventories: Schedule of Inventory, Current (Tables) link:presentationLink link:definitionLink link:calculationLink 000110 - Disclosure - 5. Commitments and Contingencies link:presentationLink link:definitionLink link:calculationLink 000290 - Disclosure - 2. Significant Accounting Policies: Income Taxes (Policies) link:presentationLink link:definitionLink link:calculationLink 000130 - Disclosure - 7. Noncontrolling Interests link:presentationLink link:definitionLink link:calculationLink 000040 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) link:presentationLink link:definitionLink link:calculationLink 000200 - Disclosure - 2. Significant Accounting Policies: Accounts Receivable and Provision For Doubtful Accounts (Policies) link:presentationLink link:definitionLink link:calculationLink 000150 - Disclosure - 9. Subsequent Events link:presentationLink link:definitionLink link:calculationLink 000270 - Disclosure - 2. Significant Accounting Policies: Earnings Per Common Share (Policies) link:presentationLink link:definitionLink link:calculationLink 000410 - Disclosure - 6. Stock Based Plans (Details) link:presentationLink link:definitionLink link:calculationLink 000060 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) link:presentationLink link:definitionLink link:calculationLink 000320 - Disclosure - 2. Significant Accounting Policies: Subsequent Events (Policies) link:presentationLink link:definitionLink link:calculationLink 000090 - Disclosure - 3. Inventories link:presentationLink link:definitionLink link:calculationLink 000440 - Disclosure - 8. Shareholders' Equity (Details) link:presentationLink link:definitionLink link:calculationLink 000030 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS - PARENTHETICAL (March 31, 2016 unaudited) link:presentationLink link:definitionLink link:calculationLink 000220 - Disclosure - 2. Significant Accounting Policies: Property and Equipment (Policies) link:presentationLink link:definitionLink link:calculationLink 000400 - Disclosure - 5. Commitments and Contingencies: Contingencies (Details) link:presentationLink link:definitionLink link:calculationLink 000430 - Disclosure - 7. Noncontrolling Interests (Details) link:presentationLink link:definitionLink link:calculationLink 000240 - Disclosure - 2. Significant Accounting Policies: Stock-based Compensation Plans (Policies) link:presentationLink link:definitionLink link:calculationLink 000020 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS (March 31, 2016 unaudited) link:presentationLink link:definitionLink link:calculationLink 000300 - Disclosure - 2. Significant Accounting Policies: Other Comprehensive Income (Policies) link:presentationLink link:definitionLink link:calculationLink 000310 - Disclosure - 2. Significant Accounting Policies: Significant Concentration (Policies) link:presentationLink link:definitionLink link:calculationLink 000260 - Disclosure - 2. Significant Accounting Policies: Fair Value of Financial and Nonfinancial Instruments (Policies) link:presentationLink link:definitionLink link:calculationLink 000420 - Disclosure - 6. Stock Based Plans: Schedule of nonvested phantom stock units (Details) link:presentationLink link:definitionLink link:calculationLink 000100 - Disclosure - 4. Line of Credit link:presentationLink link:definitionLink link:calculationLink 000330 - Disclosure - 2. Significant Accounting Policies: Recent Accounting Pronouncements (Policies) link:presentationLink link:definitionLink link:calculationLink 000250 - Disclosure - 2. Significant Accounting Policies: Product Liability Reserves (Policies) link:presentationLink link:definitionLink link:calculationLink 000380 - Disclosure - 4. Line of Credit (Details) link:presentationLink link:definitionLink link:calculationLink 000010 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 000280 - Disclosure - 2. Significant Accounting Policies: Currency Translation (Policies) link:presentationLink link:definitionLink link:calculationLink 000160 - Disclosure - 1. Basis of Presentation and Description of Business: Basis of Presentation (Policies) link:presentationLink link:definitionLink link:calculationLink 000350 - Disclosure - 6. Stock Based Plans: Schedule of nonvested phantom stock units (Tables) link:presentationLink link:definitionLink link:calculationLink 000190 - Disclosure - 2. Significant Accounting Policies: Cash Equivalents (Policies) link:presentationLink link:definitionLink link:calculationLink 000080 - Disclosure - 2. Significant Accounting Policies link:presentationLink link:definitionLink link:calculationLink 000210 - Disclosure - 2. Significant Accounting Policies: Inventories (Policies) link:presentationLink link:definitionLink link:calculationLink 000050 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) link:presentationLink link:definitionLink link:calculationLink 000360 - Disclosure - 2. Significant Accounting Policies: Accounts Receivable and Provision For Doubtful Accounts (Details) link:presentationLink link:definitionLink link:calculationLink 000180 - Disclosure - 2. Significant Accounting Policies: Revenue Recognition (Policies) link:presentationLink link:definitionLink link:calculationLink 000370 - Disclosure - 3. Inventories: Schedule of Inventory, Current (Details) link:presentationLink link:definitionLink link:calculationLink 000390 - Disclosure - 5. Commitments and Contingencies (Details) link:presentationLink link:definitionLink link:calculationLink XML 11 R1.htm IDEA: XBRL DOCUMENT

Document and Entity Information	3 Months Ended
Document and Entity Information	Mar. 31, 2016 shares
Document and Entity Information:
Entity Registrant Name	Omega Flex, Inc.
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Trading Symbol	oflx
Amendment Flag	false
Entity Central Index Key	0001317945
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	10,091,822
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q1

XML 12 R2.htm IDEA: XBRL DOCUMENT

CONDENSED CONSOLIDATED BALANCE SHEETS (March 31, 2016 unaudited) - USD ($)
$ in Thousands

Mar. 31, 2016

Dec. 31, 2015

Current Assets

Cash and Cash Equivalents

$ 23,522

$ 30,152

Accounts Receivable

13,108

^[1]

16,605

^[2]

Inventories - Net

7,784

8,287

Other Current Assets

1,369

1,647

Total Current Assets

45,783

56,691

Property and Equipment - Net

4,547

4,638

Goodwill-Net

3,526

Deferred Taxes

114

Other Long Term Assets

1,323

1,305

Total Assets

55,293

66,274

Current Liabilities:

Accounts Payable

2,115

2,489

Accrued Compensation

896

4,669

Accrued Commissions and Sales Incentives

2,500

4,333

Dividends Payable

8,578

Taxes Payable

1,081

433

Other Liabilities

3,201

3,050

Total Current Liabilities

9,793

23,552

Deferred Taxes

446

368

Other Long Term Liabilities

1,335

1,200

Total Liabilities

$ 11,574

$ 25,120

Commitments and Contingencies

^[3]

Omega Flex, Inc. Shareholders' Equity:

$ 102

(1)

10,808

33,300

30,656

Accumulated Other Comprehensive Loss

(798)

(683)

Total Omega Flex, Inc. Shareholders' Equity

43,411

40,882

Noncontrolling Interest

308

272

Total Shareholders' Equity

43,719

41,154

Total Liabilities and Shareholders' Equity

$ 55,293

$ 66,274

[1]	Less allowance of $687.
[2]	Less allowance of $882.
[3]	See Note 5.

XML 13 R3.htm IDEA: XBRL DOCUMENT

CONDENSED CONSOLIDATED BALANCE SHEETS - PARENTHETICAL (March 31, 2016 unaudited) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
CONDENSED CONSOLIDATED BALANCE SHEETS
Allowance for doubtful Accounts Receivable	$ 687	$ 882
Common Stock, Par Value	$ 0.01	$ 0.01
Common Stock, Shares Authorized	20,000,000	20,000,000
Common Stock, Shares Issued	10,153,633	10,153,633
Common Stock, Shares Outstanding	10,091,822	10,091,822

XML 14 R4.htm IDEA: XBRL DOCUMENT

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
Net Sales	$ 20,626	$ 20,973
Cost of Goods Sold	8,134	8,583
Gross Profit	12,492	12,390
Selling Expense	3,853	3,775
General and Administrative Expense	3,906	3,277
Engineering Expense	712	631
Operating Profit	4,021	4,707
Interest Income (Expense), Net	20	16
Other Income (Expense), Net	(46)	(46)
Income Before Income Taxes	3,995	4,677
Income Tax Expense	1,308	1,491
Net Income	2,687	3,186
Net (Income) Loss attributable to the Noncontrolling Interest, net of tax	(44)	(43)
Net Income attributable to Omega Flex, Inc.	$ 2,643	$ 3,143
Basic and Diluted Earnings per Common Share	$ 0.26	$ 0.31
Basic and Diluted Weighted-Average Shares Outstanding	10,092	10,092

XML 15 R5.htm IDEA: XBRL DOCUMENT

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net Income	$ 2,687	$ 3,186
Other Comprehensive Income (Loss), Net of Tax:
Foreign Currency Translation Adjustment, Net of Taxes	(122)	(99)
Other Comprehensive Income	(122)	(99)
Comprehensive Income	2,565	3,087
Less: Comprehensive Income (Loss) Attributable to the Noncontrolling Interest	(36)	(36)
Total Comprehensive Income	$ 2,529	$ 3,051

XML 16 R6.htm IDEA: XBRL DOCUMENT

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash Flows from Operating Activities:
Net Income	$ 2,687	$ 3,186
Adjustments to Reconcile Net Income to Net Cash Provided By (Used In) Operating Activities:
Non-Cash Compensation Expense	130	(213)
Depreciation and Amortization	122	100
Provision for Losses on Accounts Receivable, net of write-offs and recoveries	(195)	(60)
Deferred Taxes	74	(458)
Provision for Inventory Reserves	(300)	42
Changes in Assets and Liabilities
Accounts Receivable Change	3,639	849
Inventory Change	777	(506)
Other Assets Change	256	312
Accounts Payable Change	(366)	(928)
Accrued Compensation Change	(3,760)	(3,049)
Accrued Commissions and Sales Incentives Change	(1,830)	(613)
Other Liabilities Change	825	499
Net Cash Provided by (Used In) Operating Activities	2,059	(839)
Cash Flows from Investing Activities:
Capital Expenditures	(33)	(197)
Net Cash Provided By (Used In) Investing Activities	(33)	(197)
Cash Flows from Financing Activities:
Dividend Paid	(8,578)	(4,945)
Net Cash Provided by (Used In) Financing Activities	(8,578)	(4,945)
Net Increase (Decrease) in Cash and Cash Equivalents	(6,552)	(5,981)
Translation effect on cash	(78)	(78)
Cash and Cash Equivalents - Beginning of Period	30,152	22,585
Cash and Cash Equivalents - End of Period	23,522	16,526
Supplemental Disclosure of Cash Flow Information
Cash paid for Income Taxes	$ 575	$ 937

XML 17 R7.htm IDEA: XBRL DOCUMENT

1. Basis of Presentation and Description of Business

3 Months Ended

Mar. 31, 2016

Notes

1. Basis of Presentation and Description of Business

1. BASIS OF PRESENTATION AND DESCRIPTION OF BUSINESS

Basis of Presentation

Description of Business

XML 18 R8.htm IDEA: XBRL DOCUMENT

2. Significant Accounting Policies

3 Months Ended

Mar. 31, 2016

Notes

2. Significant Accounting Policies

2. SIGNIFICANT ACCOUNTING POLICIES

Use of Estimates

Revenue Recognition

Persuasive evidence of an arrangement for the sale of product or services must exist.
Delivery has occurred or services rendered.
The sales price to the customer is fixed or determinable.
Collection is reasonably assured.

The Company recognizes revenue upon shipment in accordance with the above principles.

Cash Equivalents

Accounts Receivable and Provision for Doubtful Accounts

Inventories

Property and Equipment

Goodwill

Stock-Based Compensation Plans

Product Liability Reserves

Fair Value of Financial and Nonfinancial Instruments

Earnings per Common Share

Currency Translation

Income Taxes

Other Comprehensive Income

For the quarters ended March 31, 2016 and 2015, respectively, the components of other comprehensive income consisted solely of foreign currency translation adjustments.

Significant Concentration

Subsequent Events

Recent Accounting Pronouncements

XML 19 R9.htm IDEA: XBRL DOCUMENT

3. Inventories

3 Months Ended

Mar. 31, 2016

Notes

3. Inventories

3. INVENTORIES

Inventories, net of reserves of $664,000 and $969,000 at March 31, 2016 and December 31, 2015, respectively, consisted of the following:

	March 31,	December 31,
	2016	2015
	(dollars in thousands)

Finished Goods	$ 5,625	$ 6,082
Raw Materials	2,159	2,205

Inventories - Net	$ 7,784	$ 8,287

XML 20 R10.htm IDEA: XBRL DOCUMENT

4. Line of Credit

3 Months Ended

Mar. 31, 2016

Notes

4. Line of Credit

4. LINE OF CREDIT

As of March 31, 2016 and December 31, 2015, the Company had no outstanding borrowings on its line of credit, and was in compliance with all debt covenants.

XML 21 R11.htm IDEA: XBRL DOCUMENT

5. Commitments and Contingencies

3 Months Ended

Mar. 31, 2016

Notes

5. Commitments and Contingencies

5. COMMITMENTS AND CONTINGENCIES

Commitments:

Contingencies:

XML 22 R12.htm IDEA: XBRL DOCUMENT

6. Stock Based Plans

3 Months Ended

Mar. 31, 2016

Notes

6. Stock Based Plans

6. STOCK BASED PLANS

Phantom Stock Plan

ownership interest in the Company
shareholder voting rights
other incidents of ownership to the Company’s common stock

The following table summarizes information about the Company’s nonvested phantom stock Units at March 31, 2016:

	Units	Weighted Average Grant Date Fair Value
Number of Phantom Stock Unit Awards:
Nonvested at December 31, 2015	20,335	$ 22.74
Granted	10,460	$ 30.57
Vested	(6,973)	$ 23.31
Forfeited	---	---
Canceled	---	---
Nonvested at March 31, 2016	23,822	$ 26.01
Phantom Stock Unit Awards Expected to Vest	23,822	$ 26.01

XML 23 R13.htm IDEA: XBRL DOCUMENT

7. Noncontrolling Interests

3 Months Ended

Mar. 31, 2016

Notes

7. Noncontrolling Interests

7. NONCONTROLLING INTERESTS

XML 24 R14.htm IDEA: XBRL DOCUMENT

8. Shareholders' Equity

3 Months Ended

Mar. 31, 2016

Notes

8. Shareholders' Equity

8. SHAREHOLDERS’ EQUITY

On December 10, 2014, the Board declared a special dividend of $0.49 per share to all Shareholders of record as of December 22, 2014, which was paid on January 5, 2015, in the amount of $4,945,000.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(d),(e))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.29-31)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SAB TOPIC 4.C)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section C

+ Details

XML 25 R15.htm IDEA: XBRL DOCUMENT

9. Subsequent Events

3 Months Ended

Mar. 31, 2016

Notes

9. Subsequent Events

9. SUBSEQUENT EVENTS

XML 26 R16.htm IDEA: XBRL DOCUMENT

1. Basis of Presentation and Description of Business: Basis of Presentation (Policies)

3 Months Ended

Mar. 31, 2016

Policies

Basis of Presentation

Basis of Presentation

XML 27 R17.htm IDEA: XBRL DOCUMENT

2. Significant Accounting Policies: Use of Estimates (Policies)

3 Months Ended

Mar. 31, 2016

Policies

Use of Estimates

Use of Estimates

XML 28 R18.htm IDEA: XBRL DOCUMENT

2. Significant Accounting Policies: Revenue Recognition (Policies)

3 Months Ended

Mar. 31, 2016

Policies

Revenue Recognition

Revenue Recognition

Persuasive evidence of an arrangement for the sale of product or services must exist.
Delivery has occurred or services rendered.
The sales price to the customer is fixed or determinable.
Collection is reasonably assured.

The Company recognizes revenue upon shipment in accordance with the above principles.

- Definition

Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction.

+ References + Details

XML 29 R19.htm IDEA: XBRL DOCUMENT

2. Significant Accounting Policies: Cash Equivalents (Policies)

3 Months Ended

Mar. 31, 2016

Policies

Cash Equivalents

Cash Equivalents

- Definition

Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.

+ References + Details

XML 30 R20.htm IDEA: XBRL DOCUMENT

2. Significant Accounting Policies: Accounts Receivable and Provision For Doubtful Accounts (Policies)

3 Months Ended

Mar. 31, 2016

Policies

Accounts Receivable and Provision For Doubtful Accounts

Accounts Receivable and Provision for Doubtful Accounts

XML 31 R21.htm IDEA: XBRL DOCUMENT

2. Significant Accounting Policies: Inventories (Policies)

3 Months Ended

Mar. 31, 2016

Policies

Inventories

Inventories

- Definition

Disclosure of accounting policy for major classes of inventories, bases of stating inventories (for example, lower of cost or market), methods by which amounts are added and removed from inventory classes (for example, FIFO, LIFO, or average cost), loss recognition on impairment of inventories, and situations in which inventories are stated above cost. If inventory is carried at cost, this disclosure includes the nature of the cost elements included in inventory.

+ References + Details

XML 32 R22.htm IDEA: XBRL DOCUMENT

2. Significant Accounting Policies: Property and Equipment (Policies)

3 Months Ended

Mar. 31, 2016

Policies

Property and Equipment

Property and Equipment

XML 33 R23.htm IDEA: XBRL DOCUMENT

2. Significant Accounting Policies: Goodwill (Policies)

3 Months Ended

Mar. 31, 2016

Policies

Goodwill

Goodwill

XML 34 R24.htm IDEA: XBRL DOCUMENT

2. Significant Accounting Policies: Stock-based Compensation Plans (Policies)

3 Months Ended

Mar. 31, 2016

Policies

Stock-based Compensation Plans

Stock-Based Compensation Plans

XML 35 R25.htm IDEA: XBRL DOCUMENT

2. Significant Accounting Policies: Product Liability Reserves (Policies)

3 Months Ended

Mar. 31, 2016

Policies

Product Liability Reserves

Product Liability Reserves

XML 36 R26.htm IDEA: XBRL DOCUMENT

2. Significant Accounting Policies: Fair Value of Financial and Nonfinancial Instruments (Policies)

3 Months Ended

Mar. 31, 2016

Policies

Fair Value of Financial and Nonfinancial Instruments

Fair Value of Financial and Nonfinancial Instruments

XML 37 R27.htm IDEA: XBRL DOCUMENT

2. Significant Accounting Policies: Earnings Per Common Share (Policies)

3 Months Ended

Mar. 31, 2016

Policies

Earnings Per Common Share

Earnings per Common Share

XML 38 R28.htm IDEA: XBRL DOCUMENT

2. Significant Accounting Policies: Currency Translation (Policies)

3 Months Ended

Mar. 31, 2016

Policies

Currency Translation

Currency Translation

XML 39 R29.htm IDEA: XBRL DOCUMENT

2. Significant Accounting Policies: Income Taxes (Policies)

3 Months Ended

Mar. 31, 2016

Policies

Income Taxes

Income Taxes

- Definition

Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.

+ References + Details

XML 40 R30.htm IDEA: XBRL DOCUMENT

2. Significant Accounting Policies: Other Comprehensive Income (Policies)

3 Months Ended

Mar. 31, 2016

Policies

Other Comprehensive Income

Other Comprehensive Income

For the quarters ended March 31, 2016 and 2015, respectively, the components of other comprehensive income consisted solely of foreign currency translation adjustments.

XML 41 R31.htm IDEA: XBRL DOCUMENT

2. Significant Accounting Policies: Significant Concentration (Policies)

3 Months Ended

Mar. 31, 2016

Policies

Significant Concentration

Significant Concentration

XML 42 R32.htm IDEA: XBRL DOCUMENT

2. Significant Accounting Policies: Subsequent Events (Policies)

3 Months Ended

Mar. 31, 2016

Policies

Subsequent Events

Subsequent Events

XML 43 R33.htm IDEA: XBRL DOCUMENT

2. Significant Accounting Policies: Recent Accounting Pronouncements (Policies)

3 Months Ended

Mar. 31, 2016

Policies

Recent Accounting Pronouncements

Recent Accounting Pronouncements

XML 44 R34.htm IDEA: XBRL DOCUMENT

3. Inventories: Schedule of Inventory, Current (Tables)

3 Months Ended

Mar. 31, 2016

Tables/Schedules

Schedule of Inventory, Current

	March 31,	December 31,
	2016	2015
	(dollars in thousands)

Finished Goods	$ 5,625	$ 6,082
Raw Materials	2,159	2,205

Inventories - Net	$ 7,784	$ 8,287

XML 45 R35.htm IDEA: XBRL DOCUMENT

6. Stock Based Plans: Schedule of nonvested phantom stock units (Tables)

3 Months Ended

Mar. 31, 2016

Tables/Schedules

Schedule of nonvested phantom stock units

	Units	Weighted Average Grant Date Fair Value
Number of Phantom Stock Unit Awards:
Nonvested at December 31, 2015	20,335	$ 22.74
Granted	10,460	$ 30.57
Vested	(6,973)	$ 23.31
Forfeited	---	---
Canceled	---	---
Nonvested at March 31, 2016	23,822	$ 26.01
Phantom Stock Unit Awards Expected to Vest	23,822	$ 26.01

XML 46 R36.htm IDEA: XBRL DOCUMENT

2. Significant Accounting Policies: Accounts Receivable and Provision For Doubtful Accounts (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Details
Allowance for doubtful Accounts Receivable	$ 687	$ 882

XML 47 R37.htm IDEA: XBRL DOCUMENT

3. Inventories: Schedule of Inventory, Current (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Details
Inventory, Finished Goods, Net	$ 5,625	$ 6,082
Inventory, Raw Materials, Net	2,159	2,205
Inventories - Net	$ 7,784	$ 8,287

XML 48 R38.htm IDEA: XBRL DOCUMENT

4. Line of Credit (Details) - Santander Bank, N.A. - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Line of Credit Facility, Description	On December 29, 2014, the Company entered into to an Amended and Restated Committed Revolving Line of Credit Note (“the Line”) and a Second Amendment to the Loan Agreement with Santander Bank, N.A. (“Santander”).
Line of Credit Facility, Maximum Borrowing Capacity	$ 15,000
Line of Credit Facility, Interest Rate Description	The Line provides for the payment of any borrowings at an interest rate of either LIBOR plus 1.00% to plus 1.35% (for borrowings with a fixed term of 30, 60, or 90 days), or Prime from 0.00% to plus 0.10%, depending upon the Company’s then existing financial ratios. At March 31, 2016, the Company’s financial ratios would allow for the most favorable rate under the agreement’s range, which would be a rate of 1.63%.
Line of Credit Facility, Commitment Fee Description	the Company is required to pay on a quarterly basis an unused facility fee equal to 10 basis points of the average unused balance of the total Line commitment.
Line of Credit Facility, Fair Value of Amount Outstanding	$ 0	$ 0

XML 49 R39.htm IDEA: XBRL DOCUMENT

5. Commitments and Contingencies (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Details
Loss Contingency, Management's Assessment and Process	Under a number of indemnity agreements between the Company and each of its officers and directors, the Company has agreed to indemnify each of its officers and directors against any liability asserted against them in their capacity as an officer or director, or both. The Company’s indemnity obligations under the indemnity agreements are subject to certain conditions and limitations set forth in each of the agreements. Under the terms of the Agreement, the Company is contingently liable for costs which may be incurred by the officers and directors in connection with claims arising by reason of these individuals’ roles as officers and directors. The Company has obtained directors’ and officers’ insurance policies to fund certain obligations under the indemnity agreements.
Deferred Compensation Arrangements, Overall, Description	The Company has salary continuation agreements with one current employee, and one former employee who retired at the end of 2010. These agreements provide for monthly payments to each of the employees or their designated beneficiary upon the employee’s retirement or death. The payment benefits range from $1,000 per month to $3,000 per month with the term of such payments limited to 15 years after the employee’s retirement at age 65. The agreements also provide for survivorship benefits if the employee dies before attaining age 65, and severance payments if the employee is terminated without cause; the amount of which is dependent on the length of company service at the date of termination.
Other Deferred Compensation Arrangements, Liability, Current and Noncurrent	$ 518	$ 508
Other Deferred Compensation Arrangements, Liability, Classified, Noncurrent	497	496
Other Deferred Compensation Arrangements, Liability, Current	21	12
Cash Surrender Value of Life Insurance	$ 1,110	$ 1,091

XML 50 R40.htm IDEA: XBRL DOCUMENT

5. Commitments and Contingencies: Contingencies (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Positive Outcome of Litigation
Loss Contingency, Range of Possible Loss, Maximum	$ 213,000	$ 213,000
Loss Contingency, Balance Sheet Caption	Other Long Term Assets
Insurance Claims
Product Liability Inurance Deductible - Range, minimum	$ 25,000
Product Liability Inurance Deductible - Range, maximum	$ 250,000

XML 51 R41.htm IDEA: XBRL DOCUMENT

6. Stock Based Plans (Details)	3 Months Ended
6. Stock Based Plans (Details)	Mar. 31, 2016
Details
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	1 year 10 months 24 days

XML 52 R42.htm IDEA: XBRL DOCUMENT

7. Noncontrolling Interests (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Details
Total Shareholders' Equity	$ 43,719		$ 41,154
Shareholders' Equity attributable to non-controlling interest	308		$ 272
Net (Income) Loss attributable to the Noncontrolling Interest, net of tax	(44)	$ (43)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest	$ 8

XML 53 R43.htm IDEA: XBRL DOCUMENT

8. Shareholders' Equity (Details) - USD ($)	103 Months Ended
8. Shareholders' Equity (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015	Dec. 10, 2015	Dec. 10, 2014
Details
Common Stock, Shares Authorized	20,000,000	20,000,000
Common Stock, Par Value	$ 0.01	$ 0.01
Common Stock, Shares Issued	10,153,633	10,153,633
Common Stock, Shares Outstanding	10,091,822	10,091,822
Treasury Stock, Number of Shares Held	61,811	61,811
Dividends Payable, Amount Per Share			$ 0.85	$ 0.49
Stock Repurchase Program, Authorized Amount	$ 5,000,000
Stock Repurchased During Period, Shares	61,811
Stock Repurchased During Period, Value	$ 932,000

EXCEL 54 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx M4$L#!!0 ( 'UJID@WN^Q4T!0%<2K MTMWDT3N>>Y-QSJ:G=T^.PFAENCY,BS9&=\)8J%LR*I3649^4F?5&Q73KY\RI M>J'FQ,1DA&^7BE3&K!5AT;A/61EUEG_V,8G"?5A)8HFJX, M\:FCL,U_K;PZ7]!,/73Q1\8O[Z[TU TUH=7NQ>IRE;J$]-NT2&KXEL/FPJ^2 M:9.'YOKYAQ7Y_I?/LO$2EZ:[\.I1;Q@L=S:F?"Z-TOVV43U:O[BW=O&?VX3R M4S74C)U/A3[J+;LD%=\D-;#4^D_>KSNEMIZ^99@+=_A1M,I3YRY+D.UY\-?1 #&TX[A,2/<@B0'!(D1P628Q\DQP%(CD.0'$<@.8Y!P902P,$% @ ?6JF2$AU!>[% *P( L M !?.0Q M(OW[CMB PD.MQ-*O>X^NO ZIK XTHO8<4M?'5$Q^#*G*_=ITJK$"2+8CCVG! MD4*>-BP>-9?20D0[8$NP+,L5R*V.V:SGVL7.U49V[M,41Y26M#;3"&>6X9MY M6&3I//B)]!=C;IK>TI;MR5/0!_ZS#0//>997'L=V+YRO+0O]C^AY%.!)T:'B M1?4C9@,2[2F]@OIZ (4QOCLEFI2"(S>C@KN_V/P"4$L#!!0 ( 'UJIDB[ MF$,ZMP$ *X: : >&PO7W)E;',O=V]R:V)O;VLN>&UL+G)E;'/%V< 94 *S=LU1MH8* $^I/.&/7NK2P,_LP7%R3?IDW;Y,R[ M:)XTTT4;R_EC.%7IT+6Q/O1Q\M:JV$?TK)X[89CK$-( MT9U/&H+8!MX;@M &[AR"V ;N'8+0!OX>BM0&_EZ*U ;R5] M:Z./;8[>"O16CMX*]%:.W@KT5H[>"O16CMX*]%:.W@KT5H[>"O16CMX&]#:. MW@;T-H[>!O0VTEX)VBSAZ&U ;^/H;4!OX^AM0&_CZ&U ;^/H;4!OX^AM0&_C MZ.V!WIZCMP=Z>X[>'NCM.7I[H+=C;7Y( P-V\"6F@ A$K^NE-Y2BUN]#M5JQ1E, M%"NV(&T8=;OG(;Q8D!ED7_.#TTXR+$\9Y;G@C%JN9'+/F59&K2Q)7QB(8?@> M4#'0\P)8H;E]3;HUIFFJ, M&!8SQK&1%A8$:]<=88<9JFU/Y&M:[.RZ?S/=\ MJ2;40I-U_*'VOJ$:,CSTR/O!6&&^O6*>HN2.-U2N(6MB/W[#:=I--%.B&X6LSN;B>C)6YN1G>CZ3@E'ISX%,YBB?_NTZD'Y\R# M<^[D] )R0PTW1*W(7(/!$E8%J^HX 26V[+;ILJS+&J3@?)N#O@ MG*O3.5'7@]/SX$0> M'/=U;N?T/3CNZ]S.\=!!Y*&#R$,'D8<.8@\=Q!XZB#UT$+MU<#S2?I(%_LQE MA:@&&'[XYTG48'K$YM9!:VRQ6P7[DSX\JIJOHW=OH?#X#9_\!E!+ P04 " !]:J9(#]V)X#\! M !I P $0 &1O8U!R;W!S+V-O&ULS9--3\,P#(;_"NJ]2[MIDZBZ M'@!Q8A(20R!N(?&VL.9#B:>N_Y[,ZUK&N.S&K:[]/GX=)Z5PA; >GKUUX%%! MN-GKVH1"N'FR070%8T%L0/,PBA4F)E?6:XXQ]&OFN-CR-;!QELV8!N22(V<' M8.IZ8E*54A3" T?K.[P4/=[M?$TP*1C4H,%@8/DH9TGU:K;&-J9D@[XJH^.: M!UQ8J58*Y%T[E%VF8F<$K\-1#K)O3W__]$ 9EG25^Z#ZJJ9I1LV$ZN+ .7M? M/+W0V:3*!.1&0%0%56#K8)Z<.K]-[A^6CTDUSO)9FDW3;+;,)T5^6TRSC\-D M9_X&P[H;XM\Z/AFD[:+"&J[<+6DD+9<^"20A"*\<*FNNPA'FAYA@8??Y!0*O M!W5"NFQ;:!OK9:CH?@W1X>7$E:VM;X^I7]'9JZJ^ 5!+ P04 " !]:J9( MF5R<(Q & "<)P $P 'AL+W1H96UE+W1H96UE,2YX;6SM6EMSVC@4?N^O MT'AG]FT+QC:!MK03621A'^_1S80RY8-[9)-NIL\ M!"SI^\Y%1^?H.'GS[BYBZ(:(E/)X8-DOV]:[MR_>X%#BVR]*+41B1%G\@MNN01.+5)#3(3/PB=AIAJ4!P"I DQEJ&& M^+3&K!'@$WVWO@C(WXV(]ZMOFCU7H5A)VH3X$$8:XIQSYG/1;/L'I4;1]E6\ MW*.76!4!EQC?-*HU+,76>)7 \:V@S&L%&KQMUAVC2/'K^!?F<-0HACA*FNVB<5@$_9Y>PTG!Z(++9OVX M?H;5,VPLCO='U!=*Y \FIS_I,C0'HYI9";V$5FJ?JH,@H%\;D>/N5Z M> HWEL:\4*Z">P'_T=HWPJOX@L Y?RY]SZ7ON?0]H=*W-R-]9\'3BUO>1FY; MQ/NN,=K7-"XH8U=RSTS0LS0[=R2^JVE+ZU)CA*]+',<$X>RPP[9SR2';9WH!TU^_9==N0C MI3!3ET.X&D*^ VVZG=PZ.)Z8D;D*TU*0;\/YZ<5X&N(YV02Y?9A7;>?8T='[ MY\%1L*/O/)8=QXCRHB'NH8:8S\-#AWE[7YAGE<90-!1M;*PD+$:W8+C7\2P4 MX&1@+: '@Z]1 O)256 Q6\8#*Y"B?$R,1>APYY=<7^/1DN/;IF6U;J\I=QEM M(E(YPFF8$V>KRMYEL<%5'<]56_*POFH]M!5.S_Y9KF4Q9Z;RWRT, M"2Q;B%D2XDU=[=7GFYRN>B)V^I=WP6#R_7#)1P_E.^=?]%U#KG[VW>/Z;I,[ M2$R<><41 71% B.5' 86%S+D4.Z2D 83 >LX=S MFWJXPD6L_UC6'ODRWSEPVSK> U[F$RQ#I'[!?8J*@!&K8KZZKT_Y)9P[M'OQ M@2";_-;;I/;=X Q\U*M:I60K$3]+!WP?D@9CC%OT-%^/%&*MIK&MQMHQ#'F M6/,,H68XWX=%FAHSU8NL.8T*;T'50.4_V]0-:/8--!R1!5XQF;8VH^1."CS< M_N\-L,+$CN'MB[\!4$L#!!0 ( 'UJID@=4#PK,P( .<( - >&PO M\!=F6;8$N MKBQOO?GZZN+KPI)M>LN^:'0T<^;,6#MVU*@#Q?<5Q@ITC/(FAI52]4?/:[(* M,]2L18VY/BF$9$CIK2R]II88Y8T)8M3;^'[H,40X3"+>LBU3#?F^%NGD#W+IZMUKYCY)<2'8+-U2S +CIO*F2.Y9@Y@ .41!07 M2@=(4E9F5:(VTH52@FDC)Z@4'%%#.43TAJ;-,*7WYC(_% ONK@#.QSQC'P*C M8C!U(WISN@:VJ=Z$3)25GV&EUT%;TN^?H@Q/T M280&5E )29ZTO[D'F0:PA&"/I2+9'/DA4;W#G>HOL-<5IQ2^M.2_J>G/=VU2 MHV_@OV[/?TT^?S;V7PB/])SQ*.Y:EF*YM:/YUX6]__!:E9E7SZN5%OZF-*\? M<;,YNIBB(PK2EE!%^* !F??>G=%-%Q-NFJ":,^^FX6E/%4KU5\&PO=V]R:V)O;VLN>&ULE9=1<^(V%$;_BL8O M;5\ 2X8DS+(S"= V,UF2*:Y;901]AFK]V?[R\25JB=;(S?4+"G=F=)RC/.)T=&^.RS5F\.@>$! MD[G7KVHCM[-DE##9>/NK-E[5"^G5;[5M#KIZ)E;"=KIV?AVZVWY9ZDJ7^EN( MFTIN;]]^M[7^9BLOS3JOK3%MK?"BK40MN'^?4(Q>YVKG](\S$+)F,"/BJ MG=YJH_W?LZ2]-RKT9/B?KK3#__V.5>W@G*:8R:I@R\H3A=U7Q\FCH0DQT,?W M1=MP/=5T4]\7Z7&H$#1_7"V6J_5RP>AN_?APO[C=4.'N]N%V-5\R '$ \;X@ M 2 !(/'#H/6&+I^6*P!E ,KZ@L8 &@-HW![)&YP"Z!M#U)4@, M2)M7BH/,5@[JW4"]F\MZV8 ]Z$J%CLQK1:L;C1NA81E[M1*:+091YQN1O%$76V%T>T[D;A9LQ1;1Y1NQN5(0H5 MYQ'%NU&X(7.TG4=L[T:A[1QMYWUMYV@[1]MY7]LYVL[1=M[7=HZV<[2=][5= MH.T";1=];1=HNT#;15_;!=HNT';1UW9Q=O0X.WM$;#__'_[%UG0Z+AK3_NCH M!:+0=A&Q/?9K B"BT';1UW:!M@NT741L[^R@0-L%VBXBME^< =C/"^6E-NX7 MQ*#I(F)ZYVE H.D"31<1TSM1&9J>H>E9Q/38[$7[EZ'H643TCB-& "(*1<\B MHO_/,>,4%Z)0]$R\)Q;?JP%F1%O,7VI-._KE0UF(AE^P:\9X1?-:DMHD0 &G4 MXKH+BUSOO;,BIS?1U!UY9P&_M2UF_XZDH<,AA.&T\5%?*Z$VHB*/9MZY;DG' M:]H%C%P.X2O<'V&F(!KQNR8#M^:!AS,GQB,-#\!C00T$Y F1$9(N_D-"USDC X! M[[$Z/+B7<*:,2,L!U]:8B5XZRN7NO0!Y=%=F1H0A'&T$G!&1M.T50.&2CBPZ M>D[?3/2-\6]CT3?/Z?%$CPT]MNCQ,CR#.-J(Y+E X@@D%CWU"MB([+E Z@BD M%GWK%; 1N^<"F2.0V><+O H+R(H>$3,&!, .;M&*"H/(U;)+ M%/IS;(E9D65PXZK8E8S\>;;$K$@TZ-8[M,L9^5-MB5F1:] M>FC7-/+?*TO, M&A6W\J%=V"CQYT!JY0 "JW+-O0"@7=[(N<2246>!<:^QR.HY+6%7W5IY4-); M)TS+F7?G]OV*=,]ZP(N\QU?R"[-KW?'@1(7L?+I-72@51#H!7J0SE7Q@S(N& M7(2:9LI+TW+-0M!^>D',SYCB/U!+ P04 " !]:J9(AF(Q6\4$ !"%P M& 'AL+W=OM;@ZZ#SOQK5?WL;O[:/RVBSH,N M]*[MFLC-W[O>ZJ+H6C(]_SLV^M%G%XBO[ZV_],,U]E_S1F^KXL=YWYZ,VV@1 M[/4A?RO:[]7M3SV.078-[JJBZ7^#W5O35N4]9!&4^:_A_WSI_V]#31*-870 MC $P!8#X-("/ 7P*8)\'B#% 3 &?Z^6HE[X=J#% V1V$PU3U$_VW MH+GFW?)C2Z.NNS9,PT'3-U8/S\],=6-*W]>0K,+WKIU1 KUD:TE22I)A"8\F M26@,D"[@[H(/+@#'L\?Q_!XOAGB.X\&V& ^C&"27811< JG*L(I'3,)C+\+Q M(K 7;OD2.2 MR$@<)[1;+$H@B1\[48X3A9W$I!-ES:U*22>62 D/)['C),9.$M))C#H1,D[( MM9!AE50J]5C]B>,EP5[( 6\3RXL@IRZS1 J-:M9)ZCA)D1,1D4Y2_(9)()=3 M-BN:=<(BQTJWIWQX8:2743.N T:OVEG1O!?F>L%\%$![8=;"!7JU.*K(XVUF MX+K!M!4TH4;-N"PEI#-VL$PIB'UF9X+W"'^&Z2U\6G"1RS#AA*1'A%D)C)&J MS%:))/5PX^*285X*FI?,8F%*OP662"CE8\8E)L/(I-_[+<,X!!F1+VYFJ01' M6]N\&Y>:#&-3D-C,&"9B8KCIT8]+1(:1*&@D,HP[LP>3B,@LE? :M M%AJDH M:2HRBW@0S9BQ5)'TR;1<+@+FHJ2Y"!AY:3SS\ELJDU+Y)$O@HA'88TP#AIZ@ MWZC,$G'EL6K !2-@,$H:TP 6@#F-$5L%D<^#9=SM!^/Y%@2$L/1(\<,D) MF)PRH>??2B0C^IMB5C3OQ>4F8&Y*FF> N?F%!LB<9MZ)2U; 9%4TS, AJ_M] M.+8N2Q&,=P'!-6D?GVEH/U&&8F!XL@]O'R MVYD!YJNBDT;.K;F)&?TY:W"$NC/,#,71ARZ]N;W&0VEL8G&> NZ#@&';V5;2S- M;^EYB$[B2ET?^R/3)MA5;Y=V.%"82J=CV4U_B.J4;]GRF2K/V/*%*C*AJEIM M)B?Z:E;12>?[Z:;0A[:[C,UU/1SQ#C=M=;V?6$_'YNO_ 5!+ P04 " !] M:J9(+-G=-OP! #M!0 & 'AL+W=O @1A!GK<#6%5FK577I7L+&DWD%<>B'/?8_[OA5 V[<(H7!;>NE,K]0*H M2G#U';N>#*)C0\!)LPN?HVV=:X41_.[())QYH-GWC+WKXN=Q%T*-0"@Y2)V MU7 A-:%4!ZG&?^?,SY;:Z,Z7].]FMXI^CP6I&?W3'66K8&$8'$F#SU2^L>D' MF;>0ZL #H\(\@\-92-8OEC#H\8<=N\&,DWU3P-GF-Z#9@*Z&*'EHB&=#O#( M2V;V]0U+7)6<38$8L?ZSHZV2JAR6X*)S9@DRDA=7 M@IY\DMJ5Q)\I0 %X*=!"8+;'H7E2)P>< ,CGZB^*[I+DJY(4IX295ZB_*81?(H*A+Q$ M#X66"#@G<\0G\@OS4S>(8,^D.N3F1#:,2:+BX$9]\U;=O=>"DD;J::[FW%Y' MMI!L7"[7ZPU?_0=02P,$% @ ?6JF2'PEOW$B P ? P !@ !X;"]W M;W)KZ7]VHF\KI2_[?22//:^V0U#;1 2A+&JKN@O7JV'LI5^O MQ$DU=<=?^D">VK;J_Q:\$>>G$(>7@==Z?U!F(%JOHCEN6[>\D[7H@I[OGL)G M_%AB9B2#XE?-SQ*7RM5 MK5>]. ?R6)F[C1^UO#=)=.9 #MGZ<;GTS*0>_5CG^2KZ,'DF"1DD!93@61'I MY-X*)+3#"0@GS%>AA)*(ALQ'V)K8W+O'NJM%1)MF3G8M=P,7198 MZO1FQ+FU,HE755JJ&"^B<:T70^]ESJ3I1 -]%3VX[VDZT=BJ1:[GVB^&_NM_ M5@H,S14C=.,%^1_9R!.!IJ[E_7YH=F6P$:=.C1W7/#HWU,_$-(7.>&$:[:%9 MO*99KX[5GO^L^GW=R>!-*-UR#OWA3@C%-1]ZT-OZH#\%YHN&[Y0YS?5Y/S;' MXX42QTNO/W]PK/\!4$L#!!0 ( 'UJID@&3A2W10( #@' 8 >&PO M=V]R:W-H965T&ULE57+CILP%/T5BWT' ^&1B" E5%6[J#2: M1;MV$B>@,9C:SC#]^_H!Q"!'23?8OIQS[SG&7.<]9>^\PEB SX:T?.M50G0; MW^?'"C>(O] .M_+-F;(&";ED%Y]W#*.3)C7$#R%,_ ;5K5?D.O;*BIQ>!:E; M_,H OS8-8G_WF-!^ZP7>&'BK+Y50 ;_(_8EWJAO<\IJV@.'SUML%FS* "J(1 MOVK<]J\>.T]:#2@ D^"I4"R>$#EY@0E4E6_C,DO=541'L^9O^F M[4KY!\1Q2*>'Z"8Y7+F@S4CS0H$\S MUJT>>_,F@P/-30@'0C@1ICIN0C00HAMAI9T:9=K75R10D3/: ]XA];6#C80S ME41F!EQG8V:[I#,NHQ_%.LG]#Y5G@(0:LKX*21="4OO00.A4DCZC)/U? M)=E"2393$CB59/;7C9/8J<0&13![XIRM%U+6,RE.O_NU[3=*G$KN8>X*">!" MB6IPEI3(>>8'T+@MRY]W./0S5 3C98OPK8;48';1C9J#([VVPG2+*3I=!KM0 M-;1%?*\N"=WH;FF*O$,7_!.Q2]UR<*!"MDO=V\Z4"BSEP1?Y2U7R&IL6!)^% MFJ9RSDQC-PM!N_&>FB[+XA]02P,$% @ ?6JF2!.RH2O: P PQ$ !@ M !X;"]W;W)KE M>N=W5=;=BWOJ^_.SYW6[DZKR[E-S5O7PSZ%IJ[P?+MNCUYU;E>^GH*KTT/=# MK\J+VMUNIK;O[7;37/JRJ-7WUNDN596W_Z:J;*XO+KBWAA_%\=2/#=YVX]WC M]D6EZJYH:J=5AQ?W%9XS,4DFQ=^%NG;:N3.:?VN:G^/%7_L7UQ\]J%+M^C%% M/AS>5:;*R_Y9W*FO*?8M^?!K>^Z^S5(;^4 M_8_F^E4M-<@QX:XIN^G7V5VZOJEN(:Y3Y;_G8U%/Q^O\3^PO87P +@%X#[CW MPP>()4!\! 13I;.SJ:[/>9]O-VUS=;IS/CYM>![D[9ADR.QT4[9VOEU#9=W0 M^KX%/]AX[V.B18.3)B6:N\(;LK-=H$O#40O'A.LATR51_+@+<>MBOGP5I KY M.$%P2Q#,"0(M00+48S27,4OJN8PPCCA1IHL$Q.%C)](H19)2+!*$1BDA26#8 M#.=:0LTF")_39+KF"4$\=A(93B+B)&:=1+H31-8)T?C^8R.Q820F1A+62*R7 M"XEDG1!1:.$D,9PDFI, 6".)UD<4L#9TR5,@+28,^(:1D7 ?]P38(9 NHJ4C MX?,#A:@"M# #QI@'0ABP8 R@60^2%.Q 2A?1,CU#P8Z$C*CB(+%P(TPW!$C: MW"%NA/ZD(W:F9D3T)&V ";<("!NV#&5 N&;#'DWE&\VSUJ:9@C@@)UGZ2*Z M#;QPQ0U1)6@S#TQ: L$EL!VE0%@HHG!E(E"9;S5T3&@"H2;P_(:(T"I>03B5 MA38,!Y.=0. )/,5!!V.,/#R)*$AL;HZ)3TB(&9[DH.,1?;DRRPE$8V%A!^\0 M7;B%!*)H\3Y ,"I"@C[D7PF+Z#:P6)QD5 1)9.'&I"@2BO*OXQ31Q@W^=S?F M5QT2BJ+%Z$43?4C0ASSZ,"!#04;L(,^H+$@"B^],-/&'!'_\3$E1VAF2_\.0 M"4 D $0>@$C(%DK)?ZA1F4QBF]6""4 D $0>@$C(MG9_UD3K9DSZ(:$?\O1# M'6S"A[6[H\L096SSN$P"(B&@N9RZ&2($%'+ENYK(()1H\7$A3 8*PD!AP4!A M,E 0!@I^^25TO,E(U MM=&>PG,V[RY\I-ENSOE1?#>[\3\-\/:E\?[\H MU:$?3Z/AO)WW&.:+OCG?MDSN^S;;/U!+ P04 " !]:J9(PNA^'Z(! "R M P & 'AL+W=O5%2VR,=G!L/C-EF ,7M'8Z@_9\.C>+.IZ9G=C3 VTA2DN59]H$I+C2MJUA[ M-'6%DY-"PZ,A=E**FS\GD#@?Z8ZNA2?1#RX46%VQC=<*!=H*U,1 =Z3WN\.I M#(@(^"E@ME:18L@(3&!07NEPL\@)1!R#?^O6B^M@S$ZWA5 M_QJG]>[/W,(#RE^B=8,WFU'20L^-6E^]U+LBK]@E""V81#G=8#8$\^IOMLCI+3V_HN>?W^<7*[](%HL;B\7[ M N4J4":!\G\S)LSI%E/^TX1=;:H"T\>[8TF#DW9I3[?J=CWO\W@HK_"Z&GD/ M/[CIA;;DC,X?;3R'#M&!-Y'=[2D9_ /:$@F="^%''YMTIU+B<%Q?R/9,Z[]0 M2P,$% @ ?6JF2);]<3VB 0 L@, !@ !X;"]W;W)K! MO\>7)K0(+2_QS.2<,V=\*2Y X[>B*SH4G MT?4N%%A5LH77" 7:"M3$0+NCMZOM?AT0$?!7P&3/8A*\'Q"?0_*GV=$L6 ) MM0L*W"]'N ,I@Y!O_'+2_&@9B.?QK'X?I_7N#]S"' M.7U*-UJ&8*)8J_IE7HN$[I3S'3OB;D)T*^$'YDT7AJ%&W^ MXHY7I<&)V(&'LUMM/=P$$:],;%0S:7IOU/KJL5H5FY(=@] )DRC["\R"8%[] MRQ8YO:3G9_3\Y_?\8N87R6)Q8;'X7F ]"ZR3P/I_,R;,_A)S_:D).]M4!::+ M=\>2&D?MTIXNU>5ZWN;Q4#[@53GP#AZXZ82VY(#.'VT\AQ;1@3>176THZ?T# M6A()K0OAC8]-NE,I<3C,+V1YIM4[4$L#!!0 ( 'UJID@/J!RXH@$ +(# M 8 >&PO=V]R:W-H965T&ULA5/;;IPP$/T5RQ\0L[!I MTA6+E$U5)0^5HCRDSUX8P(KMH;99TK^/+T!VJZAYP3/#.6?.^%).:%YM#^#( MFY+:[FGOW+!CS-8]*&ZO< #M_[1H%'<^-1VS@P'>1)*2+,^R;TQQH6E5QMJ3 MJ4H\;I >81KH-@C=+&+ZE'ZU M%$H4?TNK MT'&=YC\+[7-"/A/RE7";1>.I4;3Y@SM>E08G8@<>SFZS\W 31+PRL5'-I.F] M4>NKIVI3W)3L%(1F3*(<+C K@GGU3UOD])*>G]'S[U_SBX5?)(O%A<7B:X'M M(K!- MO_S9@PATO,[3]-V-FF*C!=O#N6U#AJE_9TK:[7\RZ/A_(!K\J!=_"+ MFTYH2X[H_-'&1I"3+L^P34UQH6E>Q]F3J"BY 'W;[8QD0$?!3P&PO8A*\GQ!?0O*]/= L6 ) MC0L*W"]G> 0I@Y!O_'O1?&L9B)?QJOXU3NO=G[B%1Y2_1.L&;S:CI(6.3](] MX_P-EA%N@V"#TL8O:2;K4*T42A1_3:O0<9V7/W<+[7U"OA#RC7"71>.I4;3Y MA3M>5P9G8D<>SFZW]W 31+PRL5'-I.F]4>NKYWI7W%?L'(063*(7]#S^X_YQ DBHK5?@;KG /4CIA5SCET7SK:4G[N-5 M_5N8UKD_

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end XML 55 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 56 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 58 FilingSummary.xml IDEA: XBRL DOCUMENT 3.4.0.3 html 16 147 1 true 3 0 false 3 false false R1.htm 000010 - Document - Document and Entity Information Sheet http://www.omegaflex.com/20160331/role/idr_DocumentDocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 000020 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS (March 31, 2016 unaudited) Sheet http://www.omegaflex.com/20160331/role/idr_CONDENSEDCONSOLIDATEDBALANCESHEETSMarch312016Unaudited CONDENSED CONSOLIDATED BALANCE SHEETS (March 31, 2016 unaudited) Statements 2 false false R3.htm 000030 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS - PARENTHETICAL (March 31, 2016 unaudited) Sheet http://www.omegaflex.com/20160331/role/idr_CONDENSEDCONSOLIDATEDBALANCESHEETSPARENTHETICALMarch312016Unaudited CONDENSED CONSOLIDATED BALANCE SHEETS - PARENTHETICAL (March 31, 2016 unaudited) Statements 3 false false R4.htm 000040 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) Sheet http://www.omegaflex.com/20160331/role/idr_CONDENSEDCONSOLIDATEDSTATEMENTSOFINCOMEUnaudited CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) Statements 4 false false R5.htm 000050 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) Sheet http://www.omegaflex.com/20160331/role/idr_CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMEUnaudited CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) Statements 5 false false R6.htm 000060 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) Sheet http://www.omegaflex.com/20160331/role/idr_CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWSUnaudited CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) Statements 6 false false R7.htm 000070 - Disclosure - 1. Basis of Presentation and Description of Business Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure1BasisOfPresentationAndDescriptionOfBusiness 1. Basis of Presentation and Description of Business Notes 7 false false R8.htm 000080 - Disclosure - 2. Significant Accounting Policies Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPolicies 2. Significant Accounting Policies Notes 8 false false R9.htm 000090 - Disclosure - 3. Inventories Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure3Inventories 3. Inventories Notes 9 false false R10.htm 000100 - Disclosure - 4. Line of Credit Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure4LineOfCredit 4. Line of Credit Notes 10 false false R11.htm 000110 - Disclosure - 5. Commitments and Contingencies Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure5CommitmentsAndContingencies 5. Commitments and Contingencies Notes 11 false false R12.htm 000120 - Disclosure - 6. Stock Based Plans Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure6StockBasedPlans 6. Stock Based Plans Notes 12 false false R13.htm 000130 - Disclosure - 7. Noncontrolling Interests Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure7NoncontrollingInterests 7. Noncontrolling Interests Notes 13 false false R14.htm 000140 - Disclosure - 8. Shareholders' Equity Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure8ShareholdersEquity 8. Shareholders' Equity Notes 14 false false R15.htm 000150 - Disclosure - 9. Subsequent Events Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure9SubsequentEvents 9. Subsequent Events Notes 15 false false R16.htm 000160 - Disclosure - 1. Basis of Presentation and Description of Business: Basis of Presentation (Policies) Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure1BasisOfPresentationAndDescriptionOfBusinessBasisOfPresentationPolicies 1. Basis of Presentation and Description of Business: Basis of Presentation (Policies) Policies http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPolicies 16 false false R17.htm 000170 - Disclosure - 2. Significant Accounting Policies: Use of Estimates (Policies) Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPoliciesUseOfEstimatesPolicies 2. Significant Accounting Policies: Use of Estimates (Policies) Policies http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPolicies 17 false false R18.htm 000180 - Disclosure - 2. Significant Accounting Policies: Revenue Recognition (Policies) Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPoliciesRevenueRecognitionPolicies 2. Significant Accounting Policies: Revenue Recognition (Policies) Policies http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPolicies 18 false false R19.htm 000190 - Disclosure - 2. Significant Accounting Policies: Cash Equivalents (Policies) Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPoliciesCashEquivalentsPolicies 2. Significant Accounting Policies: Cash Equivalents (Policies) Policies http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPolicies 19 false false R20.htm 000200 - Disclosure - 2. Significant Accounting Policies: Accounts Receivable and Provision For Doubtful Accounts (Policies) Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPoliciesAccountsReceivableAndProvisionForDoubtfulAccountsPolicies 2. Significant Accounting Policies: Accounts Receivable and Provision For Doubtful Accounts (Policies) Policies http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPolicies 20 false false R21.htm 000210 - Disclosure - 2. Significant Accounting Policies: Inventories (Policies) Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPoliciesInventoriesPolicies 2. Significant Accounting Policies: Inventories (Policies) Policies http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPolicies 21 false false R22.htm 000220 - Disclosure - 2. Significant Accounting Policies: Property and Equipment (Policies) Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPoliciesPropertyAndEquipmentPolicies 2. Significant Accounting Policies: Property and Equipment (Policies) Policies http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPolicies 22 false false R23.htm 000230 - Disclosure - 2. Significant Accounting Policies: Goodwill (Policies) Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPoliciesGoodwillPolicies 2. Significant Accounting Policies: Goodwill (Policies) Policies http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPolicies 23 false false R24.htm 000240 - Disclosure - 2. Significant Accounting Policies: Stock-based Compensation Plans (Policies) Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPoliciesStockBasedCompensationPlansPolicies 2. Significant Accounting Policies: Stock-based Compensation Plans (Policies) Policies http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPolicies 24 false false R25.htm 000250 - Disclosure - 2. Significant Accounting Policies: Product Liability Reserves (Policies) Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPoliciesProductLiabilityReservesPolicies 2. Significant Accounting Policies: Product Liability Reserves (Policies) Policies http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPolicies 25 false false R26.htm 000260 - Disclosure - 2. Significant Accounting Policies: Fair Value of Financial and Nonfinancial Instruments (Policies) Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPoliciesFairValueOfFinancialAndNonfinancialInstrumentsPolicies 2. Significant Accounting Policies: Fair Value of Financial and Nonfinancial Instruments (Policies) Policies http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPolicies 26 false false R27.htm 000270 - Disclosure - 2. Significant Accounting Policies: Earnings Per Common Share (Policies) Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPoliciesEarningsPerCommonSharePolicies 2. Significant Accounting Policies: Earnings Per Common Share (Policies) Policies http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPolicies 27 false false R28.htm 000280 - Disclosure - 2. Significant Accounting Policies: Currency Translation (Policies) Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPoliciesCurrencyTranslationPolicies 2. Significant Accounting Policies: Currency Translation (Policies) Policies http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPolicies 28 false false R29.htm 000290 - Disclosure - 2. Significant Accounting Policies: Income Taxes (Policies) Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPoliciesIncomeTaxesPolicies 2. Significant Accounting Policies: Income Taxes (Policies) Policies http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPolicies 29 false false R30.htm 000300 - Disclosure - 2. Significant Accounting Policies: Other Comprehensive Income (Policies) Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPoliciesOtherComprehensiveIncomePolicies 2. Significant Accounting Policies: Other Comprehensive Income (Policies) Policies http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPolicies 30 false false R31.htm 000310 - Disclosure - 2. Significant Accounting Policies: Significant Concentration (Policies) Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPoliciesSignificantConcentrationPolicies 2. Significant Accounting Policies: Significant Concentration (Policies) Policies http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPolicies 31 false false R32.htm 000320 - Disclosure - 2. Significant Accounting Policies: Subsequent Events (Policies) Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPoliciesSubsequentEventsPolicies 2. Significant Accounting Policies: Subsequent Events (Policies) Policies http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPolicies 32 false false R33.htm 000330 - Disclosure - 2. Significant Accounting Policies: Recent Accounting Pronouncements (Policies) Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPoliciesRecentAccountingPronouncementsPolicies 2. Significant Accounting Policies: Recent Accounting Pronouncements (Policies) Policies http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPolicies 33 false false R34.htm 000340 - Disclosure - 3. Inventories: Schedule of Inventory, Current (Tables) Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure3InventoriesScheduleOfInventoryCurrentTables 3. Inventories: Schedule of Inventory, Current (Tables) Tables 34 false false R35.htm 000350 - Disclosure - 6. Stock Based Plans: Schedule of nonvested phantom stock units (Tables) Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure6StockBasedPlansScheduleOfNonvestedPhantomStockUnitsTables 6. Stock Based Plans: Schedule of nonvested phantom stock units (Tables) Tables 35 false false R36.htm 000360 - Disclosure - 2. Significant Accounting Policies: Accounts Receivable and Provision For Doubtful Accounts (Details) Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPoliciesAccountsReceivableAndProvisionForDoubtfulAccountsDetails 2. Significant Accounting Policies: Accounts Receivable and Provision For Doubtful Accounts (Details) Details http://www.omegaflex.com/20160331/role/idr_Disclosure2SignificantAccountingPoliciesAccountsReceivableAndProvisionForDoubtfulAccountsPolicies 36 false false R37.htm 000370 - Disclosure - 3. Inventories: Schedule of Inventory, Current (Details) Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure3InventoriesScheduleOfInventoryCurrentDetails 3. Inventories: Schedule of Inventory, Current (Details) Details http://www.omegaflex.com/20160331/role/idr_Disclosure3InventoriesScheduleOfInventoryCurrentTables 37 false false R38.htm 000380 - Disclosure - 4. Line of Credit (Details) Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure4LineOfCreditDetails 4. Line of Credit (Details) Details http://www.omegaflex.com/20160331/role/idr_Disclosure4LineOfCredit 38 false false R39.htm 000390 - Disclosure - 5. Commitments and Contingencies (Details) Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure5CommitmentsAndContingenciesDetails 5. Commitments and Contingencies (Details) Details http://www.omegaflex.com/20160331/role/idr_Disclosure5CommitmentsAndContingencies 39 false false R40.htm 000400 - Disclosure - 5. Commitments and Contingencies: Contingencies (Details) Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure5CommitmentsAndContingenciesContingenciesDetails 5. Commitments and Contingencies: Contingencies (Details) Details 40 false false R41.htm 000410 - Disclosure - 6. Stock Based Plans (Details) Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure6StockBasedPlansDetails 6. Stock Based Plans (Details) Details http://www.omegaflex.com/20160331/role/idr_Disclosure6StockBasedPlansScheduleOfNonvestedPhantomStockUnitsTables 41 false false R42.htm 000430 - Disclosure - 7. Noncontrolling Interests (Details) Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure7NoncontrollingInterestsDetails 7. Noncontrolling Interests (Details) Details http://www.omegaflex.com/20160331/role/idr_Disclosure7NoncontrollingInterests 42 false false R43.htm 000440 - Disclosure - 8. Shareholders' Equity (Details) Sheet http://www.omegaflex.com/20160331/role/idr_Disclosure8ShareholdersEquityDetails 8. Shareholders' Equity (Details) Details http://www.omegaflex.com/20160331/role/idr_Disclosure8ShareholdersEquity 43 false false All Reports Book All Reports oflx-20160331.xml oflx-20160331.xsd oflx-20160331_cal.xml oflx-20160331_def.xml oflx-20160331_lab.xml oflx-20160331_pre.xml true true ZIP 60 0001376474-16-000680-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001376474-16-000680-xbrl.zip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end