10-K Filing

ACME UNITED CORP CIK: 2098 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001026608-12-000017`
Period End Date	20111231
Filing Date	20120307
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	acu-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 30 Cash Flow Statement 58 Stockholders Equity 23

Balance Sheet 70 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.85M	USD	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
Common stock, shares issued	`CommonStockSharesIssued`	4.37M	shares	Point-in-time
Accounts receivable, less allowance	`AccountsReceivableNetCurrent`	$12.90M	USD	Point-in-time
Accounts receivable, less allowance	`AccountsReceivableNetCurrent`	$12.33M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.45M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.31M	shares	Point-in-time
Inventories	`InventoryNet`	$24.49M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.32M	shares	Point-in-time
Inventories	`InventoryNet`	$22.29M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$206.73K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$281.57K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.20M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$988.29K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$46.52M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$42.63M	USD	Point-in-time
Land	`Land`	$288.31K	USD	Point-in-time
Land	`Land`	$160.41K	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$2.30M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$2.28M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$6.86M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$7.66M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$9.32M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$10.22M	USD	Point-in-time
Less: accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$7.72M	USD	Point-in-time
Less: accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$7.10M	USD	Point-in-time
Net plant, property and equipment	`PropertyPlantAndEquipmentNet`	$2.22M	USD	Point-in-time
Net plant, property and equipment	`PropertyPlantAndEquipmentNet`	$2.51M	USD	Point-in-time
Note receivable	`NotesAndLoansReceivableNetNoncurrent`	$1.77M	USD	Point-in-time
Note receivable	`NotesAndLoansReceivableNetNoncurrent`	$1.84M	USD	Point-in-time
Intangible assets, less accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$3.28M	USD	Point-in-time
Intangible assets, less accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$1.87M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$943.61K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.05M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$88.83K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$88.83K	USD	Point-in-time
Total assets	`Assets`	$49.58M	USD	Point-in-time
Total assets	`Assets`	$55.22M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.94M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.68M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$3.77M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$3.54M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.22M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$17.57M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$13.52M	USD	Point-in-time
Other accrued liabilities - non current	`OtherLiabilitiesNoncurrent`	$1.49M	USD	Point-in-time
Other accrued liabilities - non current	`OtherLiabilitiesNoncurrent`	$1.17M	USD	Point-in-time
Total liabilities	`Liabilities`	$27.45M	USD	Point-in-time
Total liabilities	`Liabilities`	$24.23M	USD	Point-in-time
Common stock, par value $2.50: authorized 8,000,000 shares; issued - 4,454,024 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 - 4,454,024 shares in 2011 and 4,374,574 shares in 2010, including treasury stock	`CommonStockValue`	$11.13M	USD	Point-in-time
Treasury stock, at cost, 1,319,047 shares in 2011 and 1,305,237 shares in 2010	`TreasuryStockValue`	$11.84M	USD	Point-in-time
Treasury stock, at cost, 1,319,047 shares in 2011 and 1,305,237 shares in 2010	`TreasuryStockValue`	$11.71M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.60M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.12M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.04M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-875.16K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$22.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$24.40M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$27.77M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$25.35M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$24.54M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$55.22M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$49.58M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$73.30M	USD	Annual
Net sales	`SalesRevenueGoodsNet`	$63.15M	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	$46.98M	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	$39.78M	USD	Annual
Gross profit	`GrossProfit`	$26.32M	USD	Annual
Gross profit	`GrossProfit`	$23.37M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$22.04M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$20.39M	USD	Annual
Operating income	`OperatingIncomeLoss`	$4.28M	USD	Annual
Operating income	`OperatingIncomeLoss`	$2.98M	USD	Annual
Interest expense	`InterestExpenseDebt`	$404.33K	USD	Annual
Interest expense	`InterestExpenseDebt`	$301.30K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$149.76K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$159.56K	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-254.56K	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-141.75K	USD	Annual
Other (expense) income	`OtherNonoperatingIncomeExpense`	$72.44K	USD	Annual
Other (expense) income	`OtherNonoperatingIncomeExpense`	$-4.38K	USD	Annual
Total other (expense) income , net	`NonoperatingIncomeExpense`	$-69.31K	USD	Annual
Total other (expense) income , net	`NonoperatingIncomeExpense`	$-258.94K	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.91M	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.03M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$337.88K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$1.21M	USD	Annual
Net income	`NetIncomeLoss`	$2.81M	USD	Annual
Net income	`NetIncomeLoss`	$2.57M	USD	Annual
Basic	`EarningsPerShareBasic`	$0.82	USD	Annual
Basic	`EarningsPerShareBasic`	$0.91	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.81	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.91	USD	Annual

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.81M	USD	Annual
Net income	`NetIncomeLoss`	$2.57M	USD	Annual
Depreciation	`Depreciation`	$795.45K	USD	Annual
Depreciation	`Depreciation`	$755.33K	USD	Annual
Amortization	`AdjustmentForAmortization`	$114.82K	USD	Annual
Amortization	`AdjustmentForAmortization`	$183.38K	USD	Annual
Stock compensation expense	`ShareBasedCompensation`	$428.44K	USD	Annual
Stock compensation expense	`ShareBasedCompensation`	$385.73K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-348.71K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-185.16K	USD	Annual
Change in estimated cost of environmental remediation	`EnvironmentalExpenseAndLiabilities`	-	USD	Annual
Change in estimated cost of environmental remediation	`EnvironmentalExpenseAndLiabilities`	$-100.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInReceivables`	$1.64M	USD	Annual
Accounts receivable	`IncreaseDecreaseInReceivables`	$76.02K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$5.02M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$1.13M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$137.27K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-271.55K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.21M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.03M	USD	Annual
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-7.24K	USD	Annual
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$64.43K	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-748.12K	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-3.71M	USD	Annual
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.14M	USD	Annual
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.06M	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$937.08K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$940.71K	USD	Annual
Purchase of patents and trademarks	`PaymentsToAcquireIntangibleAssets`	$117.41K	USD	Annual
Purchase of patents and trademarks	`PaymentsToAcquireIntangibleAssets`	$101.85K	USD	Annual
Acquisition of Pac-Kit Safety Equipment Company	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$3.13M	USD	Annual
Acquisition of Pac-Kit Safety Equipment Company	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	-	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.05M	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.17M	USD	Annual
Net borrowings of long-term debt	`ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities`	$4.37M	USD	Annual
Net borrowings of long-term debt	`ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities`	$4.05M	USD	Annual
Distributions to shareholders	`PaymentsOfDividends`	$771.58K	USD	Annual
Distributions to shareholders	`PaymentsOfDividends`	$655.83K	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfEquity`	$133.74K	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfEquity`	$1.57M	USD	Annual
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$287.27K	USD	Annual
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$162.47K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.43M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.31M	USD	Annual
Effect of exchange rate changes	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-70.02K	USD	Annual
Effect of exchange rate changes	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-36.43K	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.25M	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$82.35K	USD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$6.60M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$7.85M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$6.52M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$6.60M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$7.85M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$6.52M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$464.58K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	$1.29M	USD	Annual
Cash paid for interest expense	`InterestPaid`	$278.17K	USD	Annual
Cash paid for interest expense	`InterestPaid`	$390.42K	USD	Annual

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$27.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$25.35M	USD	Point-in-time
Balance	`StockholdersEquity`	$24.54M	USD	Point-in-time
Net income	`NetIncomeLoss`	$2.81M	USD	Annual
Net income	`NetIncomeLoss`	$2.57M	USD	Annual
Translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-40.24K	USD	Annual
Translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-229.85K	USD	Annual
Change in pension plan net prior service credit and actuarial losses, net of tax	`OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax`	$-21.95K	USD	Annual
Change in pension plan net prior service credit and actuarial losses, net of tax	`OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax`	$66.69K	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$2.65M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$2.51M	USD	Annual
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$385.73K	USD	Annual
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$428.44K	USD	Annual
Tax benefit from exercise of employee stock options	`AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet`	$24.03K	USD	Annual
Distribution to shareholders	`DividendsCommonStockCash`	$-682.13K	USD	Annual
Distribution to shareholders	`DividendsCommonStockCash`	$-806.89K	USD	Annual
Issuance of common stock	`StockIssuedDuringPeriodValueStockOptionsExercised`	$162.47K	USD	Annual
Issuance of common stock	`StockIssuedDuringPeriodValueStockOptionsExercised`	$263.24K	USD	Annual
Purchase of treasury stock	`StockRepurchasedDuringPeriodValue`	$-133.74K	USD	Annual
Purchase of treasury stock	`StockRepurchasedDuringPeriodValue`	$-1.57M	USD	Annual
Balance	`StockholdersEquity`	$27.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$25.35M	USD	Point-in-time
Balance	`StockholdersEquity`	$24.54M	USD	Point-in-time

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