Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Award Type and Plan Name
Deferred Tax Assets, Operating Loss Carryforwards, Foreign
Deferred Litigation Costs
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders
Temporary Equity, Carrying Amount, Attributable to Noncontrolling Interest
Dividends Paid {1}
Dividends Paid
Principal Borrowings (Repayments) on Line of Credit
Change in Accrued Compensation
Non-Cash Compensation Expense
Common Stock {1}
Common Stock
Other Income (Expense) - Net
Total Liabilities and Shareholders' Equity
Total Liabilities and Shareholders' Equity
Amendment Flag
Document Period End Date
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized
Loss Contingency, Balance Sheet Caption
Positive Outcome of Litigation
Common Stock, Dividends, Per Share, Declared
Line of Credit Facility, Description
Sovereign Bank, NA
Depreciation and Amortization Expense
Represents the monetary amount of depreciation and amortization expense during the indicated time period.
Property, Plant and Equipment, Useful Life, Maximum
5. Line of Credit
3. Inventories
Change in Accrued Commissions and Sales Incentives
Represents the monetary value of the change in Accrued Commissions and Sales Incentives during the indicate time period.
Operating Profit
Operating Profit
Taxes Payable {1}
Taxes Payable
Current Liabilities:
Other Long Term Assets
ASSETS
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period, Weighted Average Grant Date Fair Value
Deferred Compensation Share-based Arrangements, Liability, Current and Noncurrent
Operating Leases, Future Minimum Payments Due
Operating Leases, Rent Expense, Net
Stock Repurchased During Period, Shares
Dividends and Interest Paid
April 4, 2012
Line of Credit Facility
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment
Revenue Recognition
10. Employee Benefit Plans
4. Property and Equipment
Statement {1}
Statement
Treasury Stock {1}
Treasury Stock
Foreign Currency Translation Adjustment, Net of Taxes
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
Allocated Share-based Compensation Expense
Share-based Compensation Arrangement by Share-based Payment Award, Terms of Award
Product Liability Contingency, Loss Exposure Not Accrued, High Estimate
Type of Deferred Compensation
Unrecognized Tax Benefits, Decrease Resulting from Current Period Tax Positions
Deferred Tax Liabilities:
Effective Income Tax Rate Reconciliation, Deduction, Qualified Production Activity, Amount
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Amount
Deferred State and Local Income Tax Expense (Benefit)
Time or Period {1}
Time or Period
Line of Credit Facility, Maximum Borrowing Capacity
Inventory, Raw Materials, Gross
Inventory, Finished Goods, Gross
Schedule of nonvested phantom stock units
Schedule of Future Minimum Rental Payments for Operating Leases
Policies
Translation effect on cash
Cash Flows from Financing Activities:
Provision for Losses on Accounts Receivable, net of write-offs and recoveries
Dividends Paid
Dividends Paid
Statement
Interest Income (Expense) - Net
Total Current Liabilities
Total Current Liabilities
Document and Entity Information:
Unvested units outstanding
Represents the number of shares or units outstanding and not vested as of the indicated date.
Other Deferred Compensation Arrangements, Liability, Current and Noncurrent
Description of Defined Contribution Pension and Other Postretirement Plans
Savings & retirement plan
Current Federal Tax Expense (Benefit)
Profit from operations, non-controlling interest portion
The portion of the entity's profit during the specified period that is attributable to non-controlling interest.
Accounts Receivable and Provision For Doubtful Accounts
6. Shareholders' Equity
Cash and Cash Equivalents - Beginning of Year
Cash and Cash Equivalents - Beginning of Year
Cash Flows from Investing Activities:
Cash Flows from Operating Activities:
Noncontrolling Interest {1}
Noncontrolling Interest
Insurance Legal Recovery
Insurance Legal Recovery
Cost of Goods Sold
Common Stock, Shares Issued
Property and Equipment - Net
Pending or Threatened Litigation
Cash Surrender Value of Life Insurance
Other Deferred Compensation Arrangements, Liability, Current
Other Deferred Compensation Arrangements, Liability, Classified, Noncurrent
Unrecognized tax benefits, reserve
Reserve or (liability), most of which impacts the effective tax rate.
Total Deferred Assets
Total Deferred Assets
Other
Shipping, Handling and Transportation Costs
Schedule of Property, Plant and Equipment
New Accounting Pronouncements and Changes in Accounting Principles
Cash paid for Interest
Cash paid for Income Taxes
Change in Inventories
Deferred Taxes {2}
Deferred Taxes
Income Tax Provision
Common Stock, Par Value
Goodwill-Net
Current Assets
Entity Common Stock, Shares Outstanding
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period, Maximum
Phantom Stock Plan
Insurance Claims
Deferred Compensation Arrangement with Individual, Employer Contribution
Current State and Local Tax Expense (Benefit)
Line of Credit Facility, Interest Rate Description
Marketing and Advertising Expense
Earnings Per Common Share
Fair Value of Financial and Nonfinancial Instruments
Change in Accounts Payable
Total Other Comprehensive Income
Allowance for doubtful Accounts Receivable
Other Long Term Liabilities
Inventories-Net
CONSOLIDATED BALANCE SHEETS
Entity Well-known Seasoned Issuer
Deferred Compensation Share-based Arrangements, Liability, Classified, Noncurrent
Loss Contingency, Range of Possible Loss, Maximum
Loss Contingency, Range of Possible Loss, Maximum
Unrecognized Tax Benefits, Increase Resulting from Current Period Tax Positions
Unrecognized Tax Benefits
Unrecognized Tax Benefits, Beginning Balance
Unrecognized Tax Benefits, Ending Balance
Deferred Tax Assets:
Land {1}
Land
Inventory Valuation Reserves
Schedule of Effective Income Tax Rate Reconciliation
Research and Development Expense {1}
Research and Development Expense
Advertising Expense {1}
Advertising Expense
Use of Estimates
Basic and Diluted Earnings per Common Share
Common Stock, Shares Outstanding
Total Omega Flex, Inc. Shareholders' Equity
Total Omega Flex, Inc. Shareholders' Equity
Accumulated Other Comprehensive Loss
Total Assets
Total Assets
Entity Central Index Key
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
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
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Share-based Liabilities Paid {1}
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Share-based Liabilities Paid
Share-based Compensation Arrangement by Share-based Payment Award, Description
Loss Contingency Accrual
Loss Contingency, Nature
Loss Contingency, Management's Assessment and Process
Operating Leases, Future Minimum Payments, Due in Four Years
Effective Income Tax Rate Reconciliation, Tax Contingency, Amount
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount
Extinguishment of Debt, Amount
Property, Plant and Equipment, Useful Life, Average
Schedule of Deferred Tax Assets and Liabilities
Schedule of Inventory
Net Cash Provided By (Used In) Investing Activities
Net Cash Provided By (Used In) Investing Activities
Paid In Capital
Basic and Diluted Weighted-Average Shares Outstanding
Common Stock, Shares Authorized
Accounts Payable {1}
Accounts Payable
Document Type
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures
Deferred Compensation Arrangement with Individual, Postretirement Benefits, by Type of Deferred Compensation
Current Foreign Tax Expense (Benefit)
Research and Development Expense
Cash Equivalents
Cumulative Translation Adjustment
Other Comprehensive Income
Net Income attributable to Omega Flex, Inc.
Net Income attributable to Omega Flex, Inc.
Common Stock
Omega Flex, Inc. Shareholders' Equity:
Shareholders' Equity:
Deferred Taxes {1}
Deferred Taxes
Dividends Payable {1}
Dividends Payable
LIABILITIES AND SHAREHOLDERS' EQUITY
Other Current Assets
Accounts Receivable
Cash and Cash Equivalents
Document Fiscal Period Focus
Entity Registrant Name
February 16, 2012
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations
Total Deferred Liabilities
Total Deferred Liabilities
Represents the monetary value of the total of all deferred liabilities as of the indicated date.
Deferred Tax Liabilities, Property, Plant and Equipment
Line of Credit Facility, Covenant Compliance
Details
Schedule of Components of Income Tax Expense (Benefit)
Currency Translation
12. Stock-Based Compensation Plans
Cash and Cash Equivalents - End of Year
Cash and Cash Equivalents - End of Year
Depreciation and Amortization
Balance, Shares
Balance, Shares
Balance, Shares
Equity Component
Engineering Expense
Represents the monetary value of costs associated with engineering during the indicated time period.
Deferred Compensation Share-based Arrangements, Liability, Current
Product Liability Inurance Deductible - Range, minimum
The minimum amount of risk retained by the entity before the insurance arrangement begins to provide coverage.
Deferred Foreign Income Tax Expense (Benefit)
Stock Repurchase Program, Authorized Amount {1}
Stock Repurchase Program, Authorized Amount
Time or Period
Tables/Schedules
Property and Equipment
Inventories
13. Subsequent Events
9. Leases
Notes
Net Cash Provided by (Used In) Financing Activities
Net Cash Provided by (Used In) Financing Activities
Change in Other Liabilities
Comprehensive Income
Income Before Income Taxes
Income Before Income Taxes
Accrued Compensation
Entity Filer Category
Entity Public Float
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
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).
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value
Gain Contingency, Nature
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Amount
December 2007
Equipment
Building
Property, Plant and Equipment, Type
1. Basis of Presentation and Consolidation
Net Cash Provided by (Used In) Operating Activities
Net Cash Provided by (Used In) Operating Activities
Dividends Declared
Less: Net (Income) Loss attributable to the Noncontrolling Interest, net of tax
Less: Net (Income) Loss attributable to the Noncontrolling Interest, net of tax
Selling Expense
Other Liabilities
Deferred Taxes
Current Fiscal Year End Date
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value
Operating Leases, Future Minimum Payments, Due Thereafter
Operating Leases, Future Minimum Payments, Due in Two Years
Total Deferred Tax Asset (liability)
Total Deferred Tax Asset (liability)
Inventory Valuation
Income Tax Expense (Benefit), Continuing Operations
Construction in Progress, Gross
Property, Plant and Equipment, Gross
Leaseholds and Leasehold Improvements
Income Taxes
11. Commitments and Contingencies
Provision for Inventory Reserves
Accumulated Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss), Net of Tax:
Net Income (Loss)
Net Income
Gross Profit
Gross Profit
Line of Credit
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period
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 Arrangements by Share-based Payment Award, Award Type and Plan Name
Gain Contingencies by Nature
Deferred Compensation Arrangements, Overall, Description
Accounts Receivable Valuation
Compensation Assets
Property, Plant and Equipment, Useful Life, Minimum
Subsequent Events
Significant Concentration
Product Liability Reserves
7. Noncontrolling Interests
Net Increase (Decrease) in Cash and Cash Equivalents
Capital Expenditures
Capital Expenditures
Net Sales
Total Shareholders' Equity
Total Shareholders' Equity
Balance, Value
Balance, Value
Paid-in Capital
Commitments and Contingencies
Total Liabilities
Total Liabilities
Document Fiscal Year Focus
Entity Voluntary Filers
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights
Qualified non-contributory profit-sharing plan
Operating Leases, Future Minimum Payments, Due in Five Years
Operating Leases, Future Minimum Payments, Due in Three Years
Operating Leases, Future Minimum Payments Due, Next Twelve Months
Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities
Prepaid Expenses
Prepaid Expenses
Treasury Stock, Number of Shares Held
Line of Credit Facility, Lender
Property, Plant and Equipment by Type
Schedule of Reconciliation of unrecognized tax benefits
Other Comprehensive Income (loss)
Shipping Costs
2. Significant Accounting Policies
Supplemental Disclosure of Cash Flow Information
Adjustments to Reconcile Net Income to Net Cash Provided By (Used In) Operating Activities:
Retained Earnings {1}
Retained Earnings
Statement, Equity Components
CONSOLIDATED STATEMENTS OF INCOME
Retained Earnings
Total Current Assets
Total Current Assets
Entity Current Reporting Status
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized
Fair Value, Option, Methodology and Assumptions
Product Liability Inurance Deductible - Range, maximum
The maximum amount of risk retained by the entity before the insurance arrangement begins to provide coverage.
Loss Contingencies by Nature of Contingency
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost
Effective Income Tax Rate Reconciliation, Deduction, Dividends, Amount
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount
Deferred Federal Income Tax Expense (Benefit)
Line of Credit Facility, Amount Outstanding
Goodwill {1}
Goodwill
8. Income Taxes
Change in Other Assets
Changes in Accounts Receivable
Changes in Assets and Liabilities
CONSOLIDATED STATEMENTS OF CASH FLOWS
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
Less: Comprehensive Income (Loss) Attributable to the Noncontrolling Interest, Net of Taxes
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
General and Administrative Expense
Noncontrolling Interest
Treasury Stock
Treasury Stock
Accrued Commissions and Sales Incentives