10-Q Filing

ACME UNITED CORP CIK: 2098 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001026608-16-000105`
Period End Date	20160331
Filing Date	20160513
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	acu-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 37 Cash Flow Statement 54 Comprehensive Income 6

Balance Sheet 77 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`	$2.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.47M	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
Accounts receivable, less allowance	`AccountsReceivableNetCurrent`	$19.12M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.75M	shares	Point-in-time
Accounts receivable, less allowance	`AccountsReceivableNetCurrent`	$19.57M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.78M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.46M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.36M	shares	Point-in-time
Finished goods	`InventoryFinishedGoods`	$31.54M	USD	Point-in-time
Finished goods	`InventoryFinishedGoods`	$29.80M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$188.00K	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$170.00K	USD	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSupplies`	$5.54M	USD	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSupplies`	$5.82M	USD	Point-in-time
Total inventory	`InventoryNet`	$35.51M	USD	Point-in-time
Total inventory	`InventoryNet`	$37.55M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.73M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.13M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$59.63M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$60.88M	USD	Point-in-time
Land	`Land`	$417.00K	USD	Point-in-time
Land	`Land`	$422.00K	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$5.42M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$5.66M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$12.25M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$10.25M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$16.09M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$18.33M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$10.59M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$8.69M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$7.75M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$7.40M	USD	Point-in-time
Goodwill	`Goodwill`	$1.41M	USD	Point-in-time
Goodwill	`Goodwill`	$1.41M	USD	Point-in-time
Intangible assets, less amortization	`IntangibleAssetsNetExcludingGoodwill`	$11.95M	USD	Point-in-time
Intangible assets, less amortization	`IntangibleAssetsNetExcludingGoodwill`	$17.22M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.03M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.04M	USD	Point-in-time
Total assets	`Assets`	$88.29M	USD	Point-in-time
Total assets	`Assets`	$81.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.66M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.28M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$2.85M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$5.27M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.13M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$35.70M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$25.91M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$388.00K	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$316.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$38.24M	USD	Point-in-time
Total liabilities	`Liabilities`	$45.15M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $2.50: authorized 8,000,000 shares; issued - 4,784,460 shares in 2016 and 4,751,060 in 2015 including treasury stock	`CommonStockValue`	$11.96M	USD	Point-in-time
Common stock, par value $2.50: authorized 8,000,000 shares; issued - 4,784,460 shares in 2016 and 4,751,060 in 2015 including treasury stock	`CommonStockValue`	$11.88M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$9.70M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$9.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$37.34M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$37.57M	USD	Point-in-time
Treasury stock, at cost - 1,460,389 shares in 2016 and 1,362,072 shares in 2015	`TreasuryStockValue`	$13.81M	USD	Point-in-time
Treasury stock, at cost - 1,460,389 shares in 2016 and 1,362,072 shares in 2015	`TreasuryStockValue`	$12.96M	USD	Point-in-time
Minimum pension liability	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$948.00K	USD	Point-in-time
Minimum pension liability	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$948.00K	USD	Point-in-time
Translation adjustment	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-1.58M	USD	Point-in-time
Translation adjustment	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-1.33M	USD	Point-in-time
Total accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.53M	USD	Point-in-time
Total accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.28M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$43.18M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$43.15M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$81.42M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$88.29M	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$25.29M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$22.84M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$14.40M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$16.10M	USD	1 Quarter
Gross profit	`GrossProfit`	$8.44M	USD	1 Quarter
Gross profit	`GrossProfit`	$9.19M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$7.61M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.23M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$827.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$955.00K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$132.00K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$184.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-184.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-130.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-76.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$38.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-146.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-206.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$621.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$809.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$185.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$244.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$565.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$436.00K	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter
Weighted average number of common shares outstanding - denominator used for basic per share computations	`WeightedAverageNumberOfSharesOutstandingBasic`	3.34M	shares	1 Quarter
Weighted average number of common shares outstanding - denominator used for basic per share computations	`WeightedAverageNumberOfSharesOutstandingBasic`	3.30M	shares	1 Quarter
Weighted average number of dilutive stock options outstanding	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	404,000.00	shares	1 Quarter
Weighted average number of dilutive stock options outstanding	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	236,000.00	shares	1 Quarter
Denominator used for diluted per share computations	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.57M	shares	1 Quarter
Denominator used for diluted per share computations	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.70M	shares	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.10	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.09	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$565.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$436.00K	USD	1 Quarter
Depreciation	`Depreciation`	$357.00K	USD	1 Quarter
Depreciation	`Depreciation`	$320.00K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$181.00K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$218.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$129.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$102.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$-1.75M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$-2.83M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.85M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.62M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$535.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$626.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.35M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-489.00K	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-2.61M	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-2.44M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-3.72M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-2.92M	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.35M	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.28M	USD	1 Quarter
Purchase of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$574.00K	USD	1 Quarter
Purchase of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$449.00K	USD	1 Quarter
Purchase of patents and trademarks	`PaymentsToAcquireIntangibleAssets`	$10.00K	USD	1 Quarter
Acquisition of Diamond Machining Technology	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$6.97M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.43M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-574.00K	USD	1 Quarter
Borrowing of long-term debt	`ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities`	$9.78M	USD	1 Quarter
Borrowing of long-term debt	`ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities`	$3.40M	USD	1 Quarter
Cash settlement of stock options	`PaymentsRelatedToCashSettlementOfShareBasedCompensation`	$130.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$321.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$351.00K	USD	1 Quarter
Distributions to stockholders	`PaymentsOfDividends`	$296.00K	USD	1 Quarter
Distributions to stockholders	`PaymentsOfDividends`	$335.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfEquity`	$846.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.43M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$8.82M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$10.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-63.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-488.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-952.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.29M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.43M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.80M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.47M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.29M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.43M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.47M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$767.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	$589.00K	USD	1 Quarter
Cash paid for interest expense	`InterestPaid`	$164.00K	USD	1 Quarter
Cash paid for interest expense	`InterestPaid`	$127.00K	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$565.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$436.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$252.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-553.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-117.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$817.00K	USD	1 Quarter

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