10-Q Filing

ACME UNITED CORP CIK: 2098 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001026608-18-000019`
Period End Date	20180331
Filing Date	20180510
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	acu-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 38 Cash Flow Statement 53 Comprehensive Income 6

Balance Sheet 73 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`	$9.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.17M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.91M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	8.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.84M	shares	Point-in-time
Accounts receivable, less allowance	`AccountsReceivableNetCurrent`	$24.49M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.84M	shares	Point-in-time
Accounts receivable, less allowance	`AccountsReceivableNetCurrent`	$26.01M	USD	Point-in-time
Inventories, net	`InventoryNet`	$41.90M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.46M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.46M	shares	Point-in-time
Inventories, net	`InventoryNet`	$40.09M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.77M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.38M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$70.22M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$77.82M	USD	Point-in-time
Land	`Land`	$1.43M	USD	Point-in-time
Land	`Land`	$1.43M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$9.56M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$10.04M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$16.70M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$16.24M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$27.23M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$28.17M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$14.01M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$13.51M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$13.73M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$14.16M	USD	Point-in-time
Goodwill	`Goodwill`	$4.70M	USD	Point-in-time
Goodwill	`Goodwill`	$4.70M	USD	Point-in-time
Intangible assets, less accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$17.58M	USD	Point-in-time
Intangible assets, less accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$17.88M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$599.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$606.00K	USD	Point-in-time
Total assets	`Assets`	$107.25M	USD	Point-in-time
Total assets	`Assets`	$114.73M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.15M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.48M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$3.67M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$5.63M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.78M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$41.10M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$43.45M	USD	Point-in-time
Mortgage payable, net of current portion	`SecuredLongTermDebt`	$3.71M	USD	Point-in-time
Mortgage payable, net of current portion	`SecuredLongTermDebt`	$3.64M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$857.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$847.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$64.79M	USD	Point-in-time
Total liabilities	`Liabilities`	$56.75M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $2.50: authorized 8,000,000 shares; issued - 4,838,071 shares in 2018 and 2017 including treasury stock	`CommonStockValue`	$12.09M	USD	Point-in-time
Common stock, par value $2.50: authorized 8,000,000 shares; issued - 4,838,071 shares in 2018 and 2017 including treasury stock	`CommonStockValue`	$12.09M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$9.02M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.88M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$44.86M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$44.47M	USD	Point-in-time
Treasury stock, at cost - 1,464,010 shares in 2018 and 2017	`TreasuryStockValue`	$13.87M	USD	Point-in-time
Treasury stock, at cost - 1,464,010 shares in 2018 and 2017	`TreasuryStockValue`	$13.87M	USD	Point-in-time
Minimum pension liability	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$577.00K	USD	Point-in-time
Minimum pension liability	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$577.00K	USD	Point-in-time
Translation adjustment	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-1.04M	USD	Point-in-time
Translation adjustment	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-1.06M	USD	Point-in-time
Total accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.62M	USD	Point-in-time
Total accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.63M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$49.94M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$50.49M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$114.73M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$107.25M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$31.71M	USD	1 Quarter
Net sales	`Revenues`	$27.75M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$19.59M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$17.18M	USD	1 Quarter
Gross profit	`GrossProfit`	$10.56M	USD	1 Quarter
Gross profit	`GrossProfit`	$12.12M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.76M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.35M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.21M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.36M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$269.00K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$412.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$7.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$6.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-263.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-405.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-13.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$13.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-276.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-392.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$938.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$973.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$279.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$209.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$659.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$764.00K	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.21	USD	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 common shares outstanding - denominator used for basic per share computations	`WeightedAverageNumberOfSharesOutstandingBasic`	3.37M	shares	1 Quarter
Weighted average number of dilutive stock options outstanding	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	288,000.00	shares	1 Quarter
Weighted average number of dilutive stock options outstanding	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	401,000.00	shares	1 Quarter
Denominator used for diluted per share computations	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.66M	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`	$0.11	USD	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$659.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$764.00K	USD	1 Quarter
Depreciation	`Depreciation`	$396.00K	USD	1 Quarter
Depreciation	`Depreciation`	$475.00K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$306.00K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$278.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$115.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$168.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInReceivables`	$-1.50M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInReceivables`	$574.00K	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$-502.00K	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$1.77M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$623.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$566.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.59M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.65M	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-2.27M	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-1.75M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-5.34M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-3.71M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.58M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.05M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$897.00K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$504.00K	USD	1 Quarter
Acquisition of business	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$7.23M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-897.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.74M	USD	1 Quarter
Net (repayments) borrowings of long-term debt	`ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities`	$-2.35M	USD	1 Quarter
Net (repayments) borrowings of long-term debt	`ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities`	$11.44M	USD	1 Quarter
Cash settlement of stock options	`PaymentsRelatedToCashSettlementOfShareBasedCompensation`	$45.00K	USD	1 Quarter
Cash settlement of stock options	`PaymentsRelatedToCashSettlementOfShareBasedCompensation`	$231.00K	USD	1 Quarter
Repayments on mortgage	`RepaymentsOfFirstMortgageBond`	$67.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$186.00K	USD	1 Quarter
Distributions to shareholders	`PaymentsOfDividends`	$371.00K	USD	1 Quarter
Distributions to shareholders	`PaymentsOfDividends`	$332.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.83M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.06M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$32.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-6.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$264.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.27M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.34M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.06M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.17M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.91M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.34M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.06M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.17M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.91M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$297.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	$59.00K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$236.00K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$404.00K	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$659.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$764.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$85.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$18.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$782.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$744.00K	USD	1 Quarter

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