Range [Axis]
Minimum [Member]
Maximum [Member]
Loss Contingency Nature [Axis]
Insurance Claims [Member]
Award Type [Axis]
Phantom Stock Plan [Member]
December of 2007 [Member]
Scenario [Axis]
Since Inception [Member]
Equity Components [Axis]
Common Stock [Member]
Treasury Stock [Member]
Paid In Capital [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Noncontrolling Interest [Member]
Concentration Risk Benchmark [Axis]
Sales Revenue [Member]
Customer [Axis]
One Customer [Member]
Accounts Receivable [Member]
Property, Plant and Equipment, Type [Axis]
Land [Member]
Buildings [Member]
Leasehold Improvements [Member]
Equipment [Member]
Retirement Plan Type [Axis]
Qualified Non-contributory Profit-sharing [Member]
Savings and Retirement [Member]
No Customer [Member]
Type of Arrangement and Non-arrangement Transactions [Axis]
Loan Agreement [Member]
Report Date [Axis]
July 2017 [Member]
October 2017 [Member]
January 2018 [Member]
Income Tax Authority [Axis]
Reduction Corporate Tax [Member]
2018 [Member]
Plan Name [Axis]
Reduced [Member]
New Rate [Member]
February 16, 2018 [Member]
Document And Entity Information
Entity Registrant Name
Entity Central Index Key
Document Type
Document Period End Date
Amendment Flag
Current Fiscal Year End Date
Entity a Well-known Seasoned Issuer
Entity a Voluntary Filer
Entity Current Reporting Status
Entity Filer Category
Entity Public Float
Entity Common Stock, Shares Outstanding
Trading symbol
Document Fiscal Period Focus
Document Fiscal Year Focus
Statement of Financial Position [Abstract]
ASSETS
Current Assets:
Cash and Cash Equivalents
Accounts Receivable - less allowances of $920 and $926, respectively
Inventories-Net
Other Current Assets
Total Current Assets
Property and Equipment - Net
Goodwill-Net
Deferred Taxes
Other Long Term Assets
Total Assets
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities:
Accounts Payable
Accrued Compensation
Accrued Commissions and Sales Incentives
Dividends Payable
Taxes Payable
Other Liabilities
Total Current Liabilities
Deferred Taxes
Long Term Taxes Payable
Other Long Term Liabilities
Total Liabilities
Commitments and Contingencies (Note 10)
Shareholders' Equity:
Omega Flex, Inc. Shareholders' Equity:
Common Stock - par value $0.01 Shares: authorized 20,000,000, issued 10,153,633 and outstanding 10,091,822 at both December 31, 2017 and 2016
Treasury Stock
Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Total Omega Flex, Inc. Shareholders' Equity
Noncontrolling Interest
Total Shareholders' Equity
Total Liabilities and Shareholders' Equity
Allowance for doubtful accounts receivable
Common stock, par value
Common stock, shares authorized
Common stock, shares issued
Common stock, shares outstanding
Income Statement [Abstract]
Net Sales
Cost of Goods Sold
Gross Profit
Selling Expense
General and Administrative Expense
Engineering Expense
Operating Profit
Interest Income
Other Expense
Income Before Income Taxes
Income Tax Expense
Net Income
Less: Net Income – Noncontrolling Interest
Net Income attributable to Omega Flex, Inc.
Basic and Diluted Earnings per Common Share
Cash Dividends Declared per Common Share
Basic and Diluted Weighted Average Shares Outstanding
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Net Income
Other Comprehensive Income (Loss):
Foreign Currency Translation Adjustment
Other Comprehensive Income
Comprehensive Income
Less: Comprehensive Income Attributable to the Noncontrolling Interest
Total Other Comprehensive Income
Statement [Table]
Statement [Line Items]
Balance
Balance, shares
Cumulative Translation Adjustment
Dividends Declared
Balance
Balance, shares
Statement of Cash Flows [Abstract]
Cash Flows from Operating Activities:
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Non-Cash Compensation Expense
Depreciation and Amortization
Provision for Losses on Accounts Receivable, net of write-offs and recoveries
Deferred Taxes
Provision for Inventory Reserves
Changes in Assets and Liabilities:
Accounts Receivable
Inventories
Other Assets
Accounts Payable
Accrued Compensation
Accrued Commissions and Sales Incentives
Other Liabilities
Net Cash Provided by Operating Activities
Cash Flows from Investing Activities:
Capital Expenditures
Net Cash Used In Investing Activities
Cash Flows from Financing Activities:
Dividends Paid
Net Cash Used In Financing Activities
Net Increase in Cash and Cash Equivalents
Translation effect on cash
Cash and Cash Equivalents - Beginning of Year
Cash and Cash Equivalents - End of Year
Supplemental Disclosure of Cash Flow Information
Cash paid for Income Taxes
Declared Dividend
Accounting Policies [Abstract]
Basis of Presentation and Consolidation
Significant Accounting Policies
Inventory Disclosure [Abstract]
Inventories
Property, Plant and Equipment [Abstract]
Property and Equipment
Debt Disclosure [Abstract]
Line of Credit
Equity [Abstract]
Shareholders' Equity
Income Tax Disclosure [Abstract]
Income Taxes
Leases [Abstract]
Leases
Retirement Benefits [Abstract]
Employee Benefit Plans
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock - Based Compensation Plans
Related Party Transactions [Abstract]
Related Party Transactions
Subsequent Events [Abstract]
Subsequent Events
Quarterly Financial Information Disclosure [Abstract]
Quarterly Consolidated Financial Statements (Unaudited)
Use of Estimates
Revenue Recognition
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
Advertising Expense
Research and Development Expense
Shipping Costs
Earnings Per Common Share
Currency Translation
Income Taxes
Other Comprehensive Income
Significant Concentrations
Subsequent Events
Recent Accounting Pronouncements
Schedule of Inventories, Net of Reserves
Schedule of Property and Equipment
Schedule of Components of Income Tax Expense (Benefit)
Schedule of Effective Income Tax Rate Reconciliation
Schedule of Deferred Tax Assets and Liabilities
Schedule of Reconciliation of Unrecognized Tax Benefits
Schedule of Future Minimum Rental Payments for Operating Leases
Summary of Nonvested Phantom Stock Units
Schedule of Quarterly Financial Information
Defense costs per claim
Advertising expense
Research and development expense
Shipping costs
Concentration risk percentage
Inventory valuation reserves
Finished Goods
Raw Materials
Total Inventories-Net
Construction in progress, gross
Depreciation and amortization expense
Property and Equipment - Gross
Accumulated depreciation
Property and Equipment - Net
Property and Equipment, Useful Lives
Line of credit facility, maximum borrowing capacity
Line of credit expiration date
Line of credit facility, interest rate description
Line of credit facility, commitment fee description
Line of credit period
Line of credit facility, description
Line of credit facility, fair value of amount outstanding
Treasury stock, common, shares
Dividends payable, amount per share
Dividend Paid
Stock repurchase program, authorized amount
Stock repurchased during period, shares
Stock repurchased during period, value
Stock repurchased during period, value per share
Federal income tax percentage
Current tax benefit
Taxes on unremitted foreign earnings
Tax rate, net of foreign tax credits
Foreign income included in pre-tax income
Payment terms, tax on unremitted foreign earnings
Unrecognized tax benefits
Federal Income Tax, Current
Federal Income Tax, Deferred
State Income Tax, Current
State Income Tax, Deferred
Foreign Income Tax, Current
Foreign Income Tax, Deferred
Computed Statutory Income Tax Expense
State Income Tax, Net of Federal Tax Benefit
Foreign Tax Rate Differential
Impact of Deemed Repatriation due to Tax Reform
Manufacturing Deduction
Impact of Federal Tax Rate Reduction on Deferred Taxes
Increase/(Reduction) in Tax Uncertainties
Valuation Allowance for Foreign Loss Carryover
Other - Net
Compensation Assets
Inventory Valuation
Accounts Receivable Valuation
Deferred Litigation Costs
Foreign Net Operating Losses
Valuation Allowance for Loss Carryover
Other
Compensation Liabilities
Total Deferred Assets
Prepaid Expenses
Depreciation and Amortization
Total Deferred Liabilities
Total Deferred Tax Liability
Beginning Unrecognized Tax Benefits
Current Year - Increases
Current Year - Decreases
Current Year - Interest/Penalties
Expired Statutes
Ending Unrecognized Tax Benefits
Operating leases term, description
Rent expense
2018
2019
2020
2021
2022
Thereafter
Total Minimum Lease Payments
Employee contribution
Employee Contributions, description
Payment benefit to employee's
Other compensation liabilities
Other compensation liabilities, noncurrent
Other compensation liabilities, current
Cash surrender value of life insurance
Amount of security to proceed current appeal
Proceeds from legal settlements
Relieved assets on books after legal settlement
Allocation of proceeds from legal settlements to offset operating expenses
Deductibles per claim
Potential liability per claim
Maximum aggregate claim amount
Liabilities recorded
Share based compensation, description
Share based compensation number of shares authorized
Share based compensation vesting rights
Unvested units outstanding
Share based compensation grants in period
Share based compensation weighted average grant date fair value
Share based compensation fully vested
Forfeiture rate of plan
Share based compensation liability
Share based compensation liability, current
Share based compensation liability, non current
Compensation expense
Unrecognized compensation costs
Compensation expense, weighted average recognize period
Nonvested Units, Beginning balance
Nonvested Units, Granted
Nonvested Units, Vested
Nonvested Units, Forfeited
Nonvested Units, Canceled
Nonvested Units, Ending Balance
Phantom Stock Unit Awards Expected to Vest, Units
Nonvested Weighted Average Grant Date Fair Value, Beginning balance
Nonvested Weighted Average Grant Date Fair Value, Granted
Nonvested Weighted Average Grant Date Fair Value, Vested
Nonvested Weighted Average Grant Date Fair Value, Forfeited
Nonvested Weighted Average Grant Date Fair Value, Canceled
Nonvested Weighted Average Grant Date Fair Value, Ending Balance
Phantom Stock Unit Awards Expected to Vest, Weighted Average Grant Date Fair Value
Related parties amount secured by company
Gross Profit
Net Income attributable to Omega Flex, Inc.
Basic and Diluted Earnings per common share
Represents the monetary amount of Accrued Commissions and Sales Incentives Change, during the indicated time period.
December of 2007 [Member]
Defense costs per claim.
Represents the monetary amount of Engineering Expense, during the indicated time period.
One Customer [Member]
Payments of dividend.
Phantom Stock Plan [Member]
Since Inception [Member]
GBP [Member]
October 2017 [Member]
October 2, 2017 [Member]
Buildings [Member]
January 2017 [Member]
U.K. Subsidiary [Member]
Qualified Non-contributory Profit-sharing
Savings and Retirement
No Customer [Member]
Loan Agreement [Member]
July 2017 [Member]
January 2018 [Member]
Stock repurchased during period, value per share.
Reduction Corporate Tax [Member]
2018 [Member]
Operating leases term, description.
Amount of security to proceed current appeal.
Represents the monetary amount of Assets on books after legal settlement, as of the indicated date.
Represents the monetary amount of Allocation of Proceeds from Legal Settlements to Offset Operating Expenses, during the indicated time period.
Deductibles per claim.
Potential liability per claim.
Represents the Unvested units outstanding (number of shares), as of the indicated date.
Share based compensation fully vested.
Forfeiture rate of plan.
The net total number of shares (or other type of equity) under an equity-based award plan, other than a stock option plan, that were granted, vested and forfeited during the reporting period.
Share based compensation arrangement by share based payment award equity instruments other than options nonvested number expected to vest.
The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units.
Phantom Stock Unit Awards Expected to Vest, Weighted Average Grant Date Fair Value.
Reduced [Member]
New Rate [Member]
February 16, 2018 [Member]
Payment terms, tax on unremitted foreign earnings.
Assets, Current
Assets
Liabilities, Current
Deferred Tax Liabilities, Net
Liabilities
Treasury Stock, Value
Stockholders' Equity Attributable to Parent
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
Liabilities and Equity
Operating Income (Loss)
Other Nonoperating Expense
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest
Income (Loss) Attributable to Noncontrolling Interest, before Tax
Other Comprehensive Income, Other, Net of Tax
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest
Comprehensive Income (Loss), Net of Tax, Attributable to Parent
Shares, Outstanding
Deferred Income Tax Expense (Benefit)
Increase (Decrease) in Accounts Receivable
Increase (Decrease) in Inventories
Increase (Decrease) in Other Operating Assets
Increase (Decrease) in Accounts Payable
Increase (Decrease) in Accrued Salaries
Accrued Commissions and Sales Incentives Change
Increase (Decrease) in Other Operating Liabilities
Net Cash Provided by (Used in) Operating Activities
Payments to Acquire Property, Plant, and Equipment
Net Cash Provided by (Used in) Investing Activities
PaymentsOfDividend
Net Cash Provided by (Used in) Financing Activities
Cash and Cash Equivalents, Period Increase (Decrease)
Inventory, Policy [Policy Text Block]
Property, Plant and Equipment, Policy [Policy Text Block]
Income Tax, Policy [Policy Text Block]
Subsequent Events, Policy [Policy Text Block]
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment
Payments of Dividends
Deferred Tax Assets, Valuation Allowance
Deferred Tax Assets, Gross
Deferred Tax Liabilities, Deferred Expense
Deferred Tax Liabilities, Property, Plant and Equipment
Deferred Tax Liabilities, Gross
Deferred Tax Assets, Net
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value