10-Q Filing

ACME UNITED CORP CIK: 2098 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001026608-12-000067`
Period End Date	20120331
Filing Date	20120514
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	acu-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 38 Cash Flow Statement 52 Comprehensive Income 6

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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.08M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.10M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	8.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.46M	shares	Point-in-time
Accounts receivable, less allowance	`AccountsReceivableNetCurrent`	$12.90M	USD	Point-in-time
Accounts receivable, less allowance	`AccountsReceivableNetCurrent`	$14.69M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.45M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.36M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.32M	shares	Point-in-time
Finished goods	`InventoryFinishedGoods`	$22.57M	USD	Point-in-time
Finished goods	`InventoryFinishedGoods`	$22.89M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$134.00K	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$45.00K	USD	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSupplies`	$929.00K	USD	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSupplies`	$1.56M	USD	Point-in-time
Total inventory	`InventoryNet`	$24.50M	USD	Point-in-time
Total inventory	`InventoryNet`	$23.63M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.93M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.27M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$46.52M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$44.33M	USD	Point-in-time
Land	`Land`	$288.00K	USD	Point-in-time
Land	`Land`	$293.00K	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$2.30M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$2.28M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$7.79M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$7.66M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$10.22M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$10.39M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$7.99M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$7.72M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$2.51M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$2.40M	USD	Point-in-time
Note receivable	`NotesAndLoansReceivableNetNoncurrent`	$1.75M	USD	Point-in-time
Note receivable	`NotesAndLoansReceivableNetNoncurrent`	$1.77M	USD	Point-in-time
Intangible assets, less amortization	`IntangibleAssetsNetExcludingGoodwill`	$3.26M	USD	Point-in-time
Intangible assets, less amortization	`IntangibleAssetsNetExcludingGoodwill`	$3.29M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.14M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.14M	USD	Point-in-time
Total assets	`Assets`	$52.88M	USD	Point-in-time
Total assets	`Assets`	$55.22M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.93M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.54M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$3.44M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$3.77M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.98M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$17.57M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$16.92M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$1.21M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$1.17M	USD	Point-in-time
Total liabilities	`Liabilities`	$27.45M	USD	Point-in-time
Total liabilities	`Liabilities`	$25.11M	USD	Point-in-time
Common stock, par value $2.50: authorized 8,000,000 shares; issued - 4,459,024 shares in 2012 and 4,454,024 shares in 2011, including treasury stock	`CommonStockValue`	$11.13M	USD	Point-in-time
Common stock, par value $2.50: authorized 8,000,000 shares; issued - 4,459,024 shares in 2012 and 4,454,024 shares in 2011, including treasury stock	`CommonStockValue`	$11.15M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.12M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.22M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$24.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$24.44M	USD	Point-in-time
Treasury stock, at cost - 1,355,797 shares in 2012 and 1,319,047 in 2011	`TreasuryStockValue`	$11.84M	USD	Point-in-time
Treasury stock, at cost - 1,355,797 shares in 2012 and 1,319,047 in 2011	`TreasuryStockValue`	$12.21M	USD	Point-in-time
Minimum pension liability	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$1.09M	USD	Point-in-time
Minimum pension liability	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$1.09M	USD	Point-in-time
Translation adjustment	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$276.00K	USD	Point-in-time
Translation adjustment	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$51.00K	USD	Point-in-time
Total accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.04M	USD	Point-in-time
Total accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-813.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$27.78M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$27.77M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$55.22M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$52.88M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$16.88M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$14.40M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$10.93M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$9.09M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.94M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.31M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.49M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.12M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$183.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$458.00K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$97.00K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$103.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$50.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$47.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-56.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-47.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-42.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$25.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-22.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-98.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$161.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$360.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$41.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$100.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$120.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$260.00K	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Weighted average number of common shares outstanding - denominator used for basic per share computations	`WeightedAverageNumberOfSharesOutstandingBasic`	3.08M	shares	1 Quarter
Weighted average number of common shares outstanding - denominator used for basic per share computations	`WeightedAverageNumberOfSharesOutstandingBasic`	3.13M	shares	1 Quarter
Weighted average number of dilutive stock options outstanding	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	2,000.00	shares	1 Quarter
Weighted average number of dilutive stock options outstanding	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	30,000.00	shares	1 Quarter
Denominator used for diluted per share computations	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.10M	shares	1 Quarter
Denominator used for diluted per share computations	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.13M	shares	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.06	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.07	USD	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$120.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$260.00K	USD	1 Quarter
Depreciation	`Depreciation`	$209.00K	USD	1 Quarter
Depreciation	`Depreciation`	$197.00K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$36.00K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$49.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$84.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$88.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$1.70M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$-316.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-393.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-998.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$575.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$176.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.44M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.68M	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-376.00K	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-1.13M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-2.97M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-2.75M	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.85M	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.49M	USD	1 Quarter
Purchase of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$178.00K	USD	1 Quarter
Purchase of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$75.00K	USD	1 Quarter
Purchase of patents and trademarks	`PaymentsToAcquireIntangibleAssets`	$29.00K	USD	1 Quarter
Purchase of patents and trademarks	`PaymentsToAcquireIntangibleAssets`	$24.00K	USD	1 Quarter
Acquisition of Pac-Kit Safety Company	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	-	USD	1 Quarter
Acquisition of Pac-Kit Safety Company	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$3.13M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.33M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-104.00K	USD	1 Quarter
(Repayments) borrowing of long-term debt	`ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities`	$-649.00K	USD	1 Quarter
(Repayments) borrowing of long-term debt	`ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities`	$4.82M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$21.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$105.00K	USD	1 Quarter
Distributions to stockholders	`PaymentsOfDividends`	$184.00K	USD	1 Quarter
Distributions to stockholders	`PaymentsOfDividends`	$219.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfEquity`	$97.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfEquity`	$370.00K	USD	1 Quarter
Net cash (used) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.22M	USD	1 Quarter
Net cash (used) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.65M	USD	1 Quarter
Effect of exchange rate changes	`EffectOfExchangeRateOnCashAndCashEquivalents`	$37.00K	USD	1 Quarter
Effect of exchange rate changes	`EffectOfExchangeRateOnCashAndCashEquivalents`	$31.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.77M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.50M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.08M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.85M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.10M	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`	$4.08M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.85M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.10M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.60M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$120.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$260.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$344.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$225.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$464.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$485.00K	USD	1 Quarter

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