10-Q Filing

ACME UNITED CORP CIK: 2098 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001026608-17-000023`
Period End Date	20170331
Filing Date	20170512
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	acu-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 37 Cash Flow Statement 56 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`	$2.43M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.17M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	8.00M	shares	Point-in-time
Accounts receivable, less allowance	`AccountsReceivableNetCurrent`	$20.02M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.80M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.79M	shares	Point-in-time
Accounts receivable, less allowance	`AccountsReceivableNetCurrent`	$21.25M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.46M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.46M	shares	Point-in-time
Finished goods	`InventoryFinishedGoods`	$33.97M	USD	Point-in-time
Finished goods	`InventoryFinishedGoods`	$31.32M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$188.00K	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$186.00K	USD	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSupplies`	$5.78M	USD	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSupplies`	$3.08M	USD	Point-in-time
Total inventory	`InventoryNet`	$37.24M	USD	Point-in-time
Total inventory	`InventoryNet`	$37.28M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.88M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.29M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$67.59M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$65.46M	USD	Point-in-time
Land	`Land`	$413.00K	USD	Point-in-time
Land	`Land`	$414.00K	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$5.67M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$5.81M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$13.43M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$14.13M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$20.35M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$19.51M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$11.97M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$11.54M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$7.97M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$8.38M	USD	Point-in-time
Goodwill	`Goodwill`	$3.95M	USD	Point-in-time
Goodwill	`Goodwill`	$3.95M	USD	Point-in-time
Intangible assets, less accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$19.52M	USD	Point-in-time
Intangible assets, less accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$13.99M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$762.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$694.00K	USD	Point-in-time
Total assets	`Assets`	$100.20M	USD	Point-in-time
Total assets	`Assets`	$92.07M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.73M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.34M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$5.48M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$3.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.94M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$32.94M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$44.38M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$190.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$284.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$45.95M	USD	Point-in-time
Total liabilities	`Liabilities`	$53.60M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $2.50: authorized 8,000,000 shares; issued - 4,801,465 shares in 2017 and 4,788,965 in 2016 including treasury stock	`CommonStockValue`	$12.00M	USD	Point-in-time
Common stock, par value $2.50: authorized 8,000,000 shares; issued - 4,801,465 shares in 2017 and 4,788,965 in 2016 including treasury stock	`CommonStockValue`	$11.97M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.53M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.49M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$41.86M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$42.19M	USD	Point-in-time
Treasury stock, at cost - 1,464,010 shares in 2017 and 2016	`TreasuryStockValue`	$13.87M	USD	Point-in-time
Treasury stock, at cost - 1,464,010 shares in 2017 and 2016	`TreasuryStockValue`	$13.87M	USD	Point-in-time
Minimum pension liability	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$664.00K	USD	Point-in-time
Minimum pension liability	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$664.00K	USD	Point-in-time
Translation adjustment	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-1.59M	USD	Point-in-time
Translation adjustment	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-1.67M	USD	Point-in-time
Total accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.25M	USD	Point-in-time
Total accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.34M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$46.12M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$46.60M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$92.07M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$100.20M	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$27.75M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$25.29M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$16.10M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$17.18M	USD	1 Quarter
Gross profit	`GrossProfit`	$10.56M	USD	1 Quarter
Gross profit	`GrossProfit`	$9.19M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.37M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.23M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.19M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$955.00K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$184.00K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$269.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$6.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-184.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-263.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$9.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$38.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-254.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-146.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$809.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$938.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$279.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$244.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$565.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$659.00K	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.18	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`	3.33M	shares	1 Quarter
Weighted average number of dilutive stock options outstanding	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	401,000.00	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`	3.73M	shares	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.10	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.10	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$565.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$659.00K	USD	1 Quarter
Depreciation	`Depreciation`	$357.00K	USD	1 Quarter
Depreciation	`Depreciation`	$396.00K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$278.00K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$218.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$115.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$102.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$574.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$-1.75M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-502.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.62M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$566.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$626.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-489.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.59M	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-2.61M	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-2.27M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-3.71M	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`	$-3.05M	USD	1 Quarter
Purchase of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$504.00K	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 businesses	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$6.97M	USD	1 Quarter
Acquisition of businesses	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$7.23M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.74M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.43M	USD	1 Quarter
Net borrowings of long-term debt	`ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities`	$11.44M	USD	1 Quarter
Net borrowings of long-term debt	`ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities`	$9.78M	USD	1 Quarter
Cash settlement of stock options	`PaymentsRelatedToCashSettlementOfShareBasedCompensation`	$231.00K	USD	1 Quarter
Cash settlement of stock options	`PaymentsRelatedToCashSettlementOfShareBasedCompensation`	$130.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$351.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$186.00K	USD	1 Quarter
Distributions to stockholders	`PaymentsOfDividends`	$332.00K	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`	$11.06M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$8.82M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$10.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-6.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$264.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-952.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.43M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.47M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.91M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.17M	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`	$1.47M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.91M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.17M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$589.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	$59.00K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$164.00K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$236.00K	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`	$659.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$252.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$85.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$744.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$817.00K	USD	1 Quarter

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