10-Q Filing

ACME UNITED CORP CIK: 2098 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001026608-11-000171`
Period End Date	20110930
Filing Date	20111107
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	acu-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 76 Cash Flow Statement 54

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$2.50	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$2.50	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	8.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	8.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.23M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.60M	USD	Point-in-time
Accounts receivable, less allowance	`AccountsReceivableNetCurrent`	$16.66M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.37M	shares	Point-in-time
Accounts receivable, less allowance	`AccountsReceivableNetCurrent`	$12.33M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.42M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.31M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.32M	shares	Point-in-time
Finished goods	`InventoryFinishedGoods`	$21.82M	USD	Point-in-time
Finished goods	`InventoryFinishedGoods`	$21.11M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$71.00K	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$172.00K	USD	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSupplies`	$912.00K	USD	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSupplies`	$1.01M	USD	Point-in-time
Total inventory	`InventoryNet`	$22.80M	USD	Point-in-time
Total inventory	`InventoryNet`	$22.29M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.07M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.40M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$42.63M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$46.81M	USD	Point-in-time
Land	`Land`	$295.00K	USD	Point-in-time
Land	`Land`	$160.00K	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$2.44M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$2.46M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$8.90M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$9.55M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$11.50M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$12.31M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$9.93M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$9.29M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$2.38M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$2.22M	USD	Point-in-time
Note receivable	`NotesAndLoansReceivableNetNoncurrent`	$1.84M	USD	Point-in-time
Note receivable	`NotesAndLoansReceivableNetNoncurrent`	$1.79M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.33M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.87M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.03M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.03M	USD	Point-in-time
Total assets	`Assets`	$55.34M	USD	Point-in-time
Total assets	`Assets`	$49.58M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.43M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.68M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$3.54M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$3.87M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.30M	USD	Point-in-time
Bank debt	`LongTermDebtNoncurrent`	$13.52M	USD	Point-in-time
Bank debt	`LongTermDebtNoncurrent`	$18.11M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$1.37M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$1.49M	USD	Point-in-time
Total liabilities	`Liabilities`	$24.23M	USD	Point-in-time
Total liabilities	`Liabilities`	$27.78M	USD	Point-in-time
Common stock, par value $2.50: authorized 8,000,000 shares; issued - 4,416,824 shares in 2011 and 4,374,574 shares in 2010, including treasury stock	`CommonStockValue`	$10.94M	USD	Point-in-time
Common stock, par value $2.50: authorized 8,000,000 shares; issued - 4,416,824 shares in 2011 and 4,374,574 shares in 2010, including treasury stock	`CommonStockValue`	$11.04M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.60M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.96M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$24.35M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$22.40M	USD	Point-in-time
Treasury stock, at cost - 1,315,237 shares in 2011 and 1,305,237 shares in 2010	`TreasuryStockValue`	$11.81M	USD	Point-in-time
Treasury stock, at cost - 1,315,237 shares in 2011 and 1,305,237 shares in 2010	`TreasuryStockValue`	$11.71M	USD	Point-in-time
Foreign currency translation adjustment	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$174.00K	USD	Point-in-time
Foreign currency translation adjustment	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$281.00K	USD	Point-in-time
Unrecognized pension costs	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$1.16M	USD	Point-in-time
Unrecognized pension costs	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$1.16M	USD	Point-in-time
Total accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-875.00K	USD	Point-in-time
Total accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-982.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$25.35M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$27.56M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$49.58M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$55.34M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$16.08M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$49.79M	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$19.04M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$57.47M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$31.47M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$36.84M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$12.40M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$10.43M	USD	1 Quarter
Gross profit	`GrossProfit`	$20.63M	USD	3 Qtrs
Gross profit	`GrossProfit`	$5.66M	USD	1 Quarter
Gross profit	`GrossProfit`	$18.32M	USD	3 Qtrs
Gross profit	`GrossProfit`	$6.64M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$15.42M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.52M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$16.87M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$3.76M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$657.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.12M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.90M	USD	3 Qtrs
Interest expense	`InterestExpenseDebt`	$217.00K	USD	3 Qtrs
Interest expense	`InterestExpenseDebt`	$112.00K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$323.00K	USD	3 Qtrs
Interest expense	`InterestExpenseDebt`	$86.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$39.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$132.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$42.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$112.00K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-70.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-105.00K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-47.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-191.00K	USD	3 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-20.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$3.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-36.00K	USD	3 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$2.00K	USD	3 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-44.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-141.00K	USD	3 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-90.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-189.00K	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.76M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.03M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$613.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.57M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$1.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$371.00K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$348.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.03M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$682.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$612.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.54M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.39M	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.82	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.22	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.76	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.74	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.22	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.82	USD	3 Qtrs
Weighted average number of common shares outstanding - denominator used for basic per share computations	`WeightedAverageNumberOfSharesOutstandingBasic`	3.10M	shares	1 Quarter
Weighted average number of common shares outstanding - denominator used for basic per share computations	`WeightedAverageNumberOfSharesOutstandingBasic`	3.11M	shares	1 Quarter
Weighted average number of common shares outstanding - denominator used for basic per share computations	`WeightedAverageNumberOfSharesOutstandingBasic`	3.15M	shares	3 Qtrs
Weighted average number of common shares outstanding - denominator used for basic per share computations	`WeightedAverageNumberOfSharesOutstandingBasic`	3.09M	shares	3 Qtrs
Weighted average number of dilutive stock options outstanding	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	80,000.00	shares	1 Quarter
Weighted average number of dilutive stock options outstanding	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	15,000.00	shares	3 Qtrs
Weighted average number of dilutive stock options outstanding	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	18,000.00	shares	1 Quarter
Weighted average number of dilutive stock options outstanding	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	71,000.00	shares	3 Qtrs
Denominator used for diluted per share computations	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.19M	shares	1 Quarter
Denominator used for diluted per share computations	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.12M	shares	1 Quarter
Denominator used for diluted per share computations	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.10M	shares	3 Qtrs
Denominator used for diluted per share computations	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.22M	shares	3 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.07	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.19	USD	3 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.16	USD	3 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.06	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$682.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$612.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.54M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.39M	USD	3 Qtrs
Depreciation	`Depreciation`	$572.00K	USD	3 Qtrs
Depreciation	`Depreciation`	$596.00K	USD	3 Qtrs
Amortization	`AdjustmentForAmortization`	$86.00K	USD	3 Qtrs
Amortization	`AdjustmentForAmortization`	$122.00K	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$280.00K	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$318.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$4.30M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$3.82M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-693.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$2.68M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-364.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$979.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.58M	USD	3 Qtrs
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$219.00K	USD	3 Qtrs
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-315.00K	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-3.08M	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-5.38M	USD	3 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-539.00K	USD	3 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.99M	USD	3 Qtrs
Purchase of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$599.00K	USD	3 Qtrs
Purchase of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$644.00K	USD	3 Qtrs
Purchase of patents and trademarks	`PaymentsToAcquireIntangibleAssets`	$81.00K	USD	3 Qtrs
Purchase of patents and trademarks	`PaymentsToAcquireIntangibleAssets`	$79.00K	USD	3 Qtrs
Acquisition of Pac-Kit Safety Equipment Company	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$3.13M	USD	3 Qtrs
Acquisition of Pac-Kit Safety Equipment Company	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	-	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-723.00K	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.81M	USD	3 Qtrs
Borrowing of long-term debt	`ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities`	$6.27M	USD	3 Qtrs
Borrowing of long-term debt	`ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities`	$4.58M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$123.00K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$146.00K	USD	3 Qtrs
Distributions to stockholders	`PaymentsOfDividends`	$472.00K	USD	3 Qtrs
Distributions to stockholders	`PaymentsOfDividends`	$555.00K	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfEquity`	$1.57M	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfEquity`	$97.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.35M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.08M	USD	3 Qtrs
Effect of exchange rate changes	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-63.00K	USD	3 Qtrs
Effect of exchange rate changes	`EffectOfExchangeRateOnCashAndCashEquivalents`	$80.00K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$713.00K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-331.00K	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.52M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.27M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.23M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.60M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.52M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.27M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.23M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.60M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.