10-Q Filing

ACME UNITED CORP CIK: 2098 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001026608-14-000030`
Period End Date	20140331
Filing Date	20140502
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	acu-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 38 Cash Flow Statement 45 Comprehensive Income 6

Balance Sheet 74 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`	$8.94M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.75M	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`	$3.37M	USD	Point-in-time
Accounts receivable, less allowance	`AccountsReceivableNetCurrent`	$15.63M	USD	Point-in-time
Accounts receivable, less allowance	`AccountsReceivableNetCurrent`	$16.11M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.56M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.56M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.36M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.36M	shares	Point-in-time
Finished goods	`InventoryFinishedGoods`	$26.96M	USD	Point-in-time
Finished goods	`InventoryFinishedGoods`	$26.00M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$48.00K	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$187.00K	USD	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSupplies`	$2.03M	USD	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSupplies`	$1.97M	USD	Point-in-time
Total inventory	`InventoryNet`	$28.98M	USD	Point-in-time
Total inventory	`InventoryNet`	$28.22M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.49M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.75M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$56.99M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$50.21M	USD	Point-in-time
Land	`Land`	$597.00K	USD	Point-in-time
Land	`Land`	$596.00K	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$5.92M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$5.85M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$9.59M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$8.90M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$15.36M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$16.10M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$9.65M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$9.42M	USD	Point-in-time
Net plant, property and equipment	`PropertyPlantAndEquipmentNet`	$5.94M	USD	Point-in-time
Net plant, property and equipment	`PropertyPlantAndEquipmentNet`	$6.46M	USD	Point-in-time
Intangible assets, less amortization	`IntangibleAssetsNetExcludingGoodwill`	$4.07M	USD	Point-in-time
Intangible assets, less amortization	`IntangibleAssetsNetExcludingGoodwill`	$4.04M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.08M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.08M	USD	Point-in-time
Total assets	`Assets`	$61.78M	USD	Point-in-time
Total assets	`Assets`	$68.08M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.79M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.31M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$4.87M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$5.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.88M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.18M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$17.29M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$22.91M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$277.00K	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$286.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$26.74M	USD	Point-in-time
Total liabilities	`Liabilities`	$33.08M	USD	Point-in-time
Common stock, par value $2.50: authorized 8,000,000 shares; issued - 4,563,174 shares in 2014 and 2013, including treasury stock	`CommonStockValue`	$11.41M	USD	Point-in-time
Common stock, par value $2.50: authorized 8,000,000 shares; issued - 4,563,174 shares in 2014 and 2013, including treasury stock	`CommonStockValue`	$11.41M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.59M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.47M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$30.10M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$30.21M	USD	Point-in-time
Treasury stock, at cost - 1,362,072 shares in 2014 and 2013	`TreasuryStockValue`	$12.28M	USD	Point-in-time
Treasury stock, at cost - 1,362,072 shares in 2014 and 2013	`TreasuryStockValue`	$12.28M	USD	Point-in-time
Minimum pension liability	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$791.00K	USD	Point-in-time
Minimum pension liability	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$791.00K	USD	Point-in-time
Translation adjustment	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$106.00K	USD	Point-in-time
Translation adjustment	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-97.00K	USD	Point-in-time
Total accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-685.00K	USD	Point-in-time
Total accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-888.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$35.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$35.04M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$68.08M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$61.78M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$19.15M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$17.65M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$12.28M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$11.22M	USD	1 Quarter
Gross profit	`GrossProfit`	$6.43M	USD	1 Quarter
Gross profit	`GrossProfit`	$6.88M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.25M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.91M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$513.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$625.00K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$89.00K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$127.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$58.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$6.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-69.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-83.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-3.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-19.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-72.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-102.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$441.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$523.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$155.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$132.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$309.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$368.00K	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.11	USD	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 common shares outstanding - denominator used for basic per share computations	`WeightedAverageNumberOfSharesOutstandingBasic`	3.20M	shares	1 Quarter
Weighted average number of dilutive stock options outstanding	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	242,000.00	shares	1 Quarter
Weighted average number of dilutive stock options outstanding	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	81,000.00	shares	1 Quarter
Denominator used for diluted per share computations	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.21M	shares	1 Quarter
Denominator used for diluted per share computations	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.44M	shares	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.07	USD	1 Quarter

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$309.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$368.00K	USD	1 Quarter
Depreciation	`Depreciation`	$220.00K	USD	1 Quarter
Depreciation	`Depreciation`	$256.00K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$65.00K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$67.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$126.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$105.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$-1.41M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$651.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$288.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$871.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$23.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$253.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.64M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-505.00K	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-140.00K	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-1.03M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.97M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.18M	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-869.00K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.60M	USD	1 Quarter
Purchase of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$762.00K	USD	1 Quarter
Purchase of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$155.00K	USD	1 Quarter
Purchase of patents and trademarks	`PaymentsToAcquireIntangibleAssets`	$28.00K	USD	1 Quarter
Purchase of patents and trademarks	`PaymentsToAcquireIntangibleAssets`	$26.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-790.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-181.00K	USD	1 Quarter
(Repayments) borrowing of long-term debt	`ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities`	$132.00K	USD	1 Quarter
(Repayments) borrowing of long-term debt	`ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities`	$-5.63M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$100.00K	USD	1 Quarter
Distributions to stockholders	`PaymentsOfDividends`	$256.00K	USD	1 Quarter
Net cash (used) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$232.00K	USD	1 Quarter
Net cash (used) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.88M	USD	1 Quarter
Effect of exchange rate changes	`EffectOfExchangeRateOnCashAndCashEquivalents`	$9.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.28M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-809.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.94M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.64M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.75M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.37M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.94M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.64M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.75M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.37M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$309.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$368.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-203.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-259.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$165.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$50.00K	USD	1 Quarter

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