United States
Statement, Business Segments [Axis]
Canada
Europe
Pac-Kit
Business Acquisition [Axis]
The C-Thru Ruler Company
$1.70-$5.11
Exercise Price Range [Axis]
$5.12-$8.51
$8.52-$10.21
$10.22-$13.62
$13.63-$17.02
Employee Plan
Plan Name [Axis]
Director Plan
Equity Securities
Defined Benefit Plan, Asset Categories [Axis]
Fixed Income Securities
Other Securities/Investments
Level 1
Fair Value, Hierarchy [Axis]
Level 2
Level 3
Cash Investments
Money Market Fund
Acme United Common Stock
Equity Common and Collected Funds
Fixed Income Common and Collected Funds
Other International
Business Segments [Axis]
Common Stock
Equity Components [Axis]
Minimum Range
Range [Axis]
Maximum Range
Greater Than 10% of Total Net Receivables
Major Customers [Axis]
Exceeded 10% of Consolidated Net Sales
Major Customer No. 1
Concentration Risk Type [Axis]
Major Customer No. 2
Foreign Currency Translation Adjustment
Net Prior Service Credit and Actuarial Losses
Treasury Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Document And Entity Information
Entity Registrant Name
Entity Central Index Key
Document Type
Document Period End Date
Amendment Flag
Current Fiscal Year End Date
Is Entity a Well-known Seasoned Issuer?
Is Entity a Voluntary Filer?
Is Entity's Reporting Status Current?
Entity Filer Category
Entity Common Stock, Shares Outstanding
Document Fiscal Period Focus
Document Fiscal Year Focus
Entity Public Float
Consolidated Statements Of Operations
Net sales
Cost of goods sold
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating items:
Interest:
Interest expense
Interest income
Interest expense, net
Other expense
Total other expense, net
Income before income tax expense
Income tax expense
Net income
Basic earnings per share
Diluted earnings per share
Consolidated Statements Of Comprehensive Income
Net income
Other comprehensive income (loss) -
Foreign currency translation
Change in net prior service credit and actuarial losses, net of income tax expense
Total other comprehensive income (loss)
Comprehensive income
Statement of Financial Position [Abstract]
ASSETS
Current assets:
Cash and cash equivalents
Accounts receivable, less allowance
Inventories
Deferred income taxes
Prepaid expenses and other current assets
Total current assets
Property, plant and equipment:
Land
Buildings
Machinery and equipment
Total property, plant and equipment
Less: accumulated depreciation
Net plant, property and equipment
Note receivable
Intangible assets, less accumulated amortization
Deferred income taxes
Other assets
Total assets
LIABILITIES
Current liabilities:
Accounts payable
Other accrued liabilities
Total current liabilities
Long-term debt
Other accrued liabilities - non current
Total liabilities
STOCKHOLDERS' EQUITY
Common stock, par value $2.50: authorized 8,000,000 shares; issued - 4,563,174 shares in 2013 and 4,487,524 shares in 2012, including treasury stock
Treasury stock, at cost, 1,362,072 shares in 2013 and 2012
Additional paid-in capital
Accumulated other comprehensive loss
Retained earnings
Total stockholders' equity
Total liabilities and stockholders' equity
Common stock, par value
Common stock, shares authorized
Common stock, shares issued
Treasury stock, shares
Statement [Table]
Statement [Line Items]
Balance
Balance (shares)
Total other comprehensive income (loss)
Stock compensation expense
Tax benefit from exercise of employee stock options
Distribution to shareholders
Issuance of common stock
Issuance of common stock (shares)
Purchase of treasury stock
Purchase of treasury stock (shares)
Balance
Balance (shares)
Statement of Cash Flows [Abstract]
Operating Activities:
Adjustments to reconcile net income to net cash provided (used) by operating activities
Depreciation
Amortization
Stock compensation expense
Deferred income taxes
Changes in operating assets and liabilities
Accounts receivable
Inventories
Prepaid expenses and other current assets
Accounts payable
Other accrued liabilities
Total adjustments
Net cash provided (used) by operating activities
Investing Activities:
Purchase of property, plant, and equipment
Purchase of patents and trademarks
Acquisition of assets in business combination
Payment received on mortgage receivable
Net cash used by investing activities
Financing Activities:
Net (repayments) borrowings of long-term debt
Distributions to shareholders
Purchase of treasury stock
Issuance of common stock
Net cash (used) provided by financing activities
Effect of exchange rate changes
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
Supplemental cash flow information
Cash paid for income taxes
Cash paid for interest expense
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Operations
Accounting Policies [Abstract]
Accounting Policies
Inventory Disclosure [Abstract]
Inventories
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets
Payables and Accruals [Abstract]
Other Accrued Liabilities
Compensation and Retirement Disclosure [Abstract]
Pension and Profit Sharing
Income Tax Disclosure [Abstract]
Income Taxes
Debt
Debt
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies
Segment Information
Segment Information
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Option Plans
Earnings Per Share [Abstract]
Earnings Per Share
Equity [Abstract]
Accumulated Other Comprehensive (Loss) Income
Financial Instruments
Financial Instruments
Quarterly Financial Information Disclosure [Abstract]
Quarterly Data (unaudited)
Sale Of Property
Sale of Property
Business Combination
Business Combination
Accounting Policies Policies
Estimates
Principles of Consolidation
Translation of Foreign Currency
Cash Equivalents
Accounts Receivable
Inventories
Property, Plant and Equipment and Depreciation
Intangible Assets
Deferred Income Taxes
Revenue Recognition
Research and Development
Shipping Costs
Advertising Costs
Subsequent Events
Concentration
Recent accounting pronouncements
Inventories
Intangible Assets
Accrued Liabilities
Plan Asset Allocation
Pension Plan Assets by Level
Changes in Benefit Obligation
Components of Net Benefit Expense
Amounts Recognized in Other Comprehensive Income
Benefits Expected to be Paid
Income Tax Expense (Benefit)
US and Foreign Income Before Income Taxes
US Statutory Rate Reconciliation
Deferred Tax Assets and Liabilities
Segment Information Tables
Financial Data By Segment Table
Reconciliation of Segment Operating Income to Consolidated Income Before Taxes
Revenue by Geographic Area
Stock Option Activity
Summary of Options Outstanding
Assumptions Used to Value Option Grants
Earnings Per Share
Accumulated Comprehensive (Loss) Income
Quarterly Data
Sale Of Property Tables
Accrual for Environmental Remediation Table
Business Combination - Business Combination Tables
Purchase Price Allocation
Concentration Risk Benchmark [Axis]
Foreign currency transaction losses during period
Certificates of deposit
Allowance for doubtful accounts
Asset useful life
Weighted average intangible assets amortization period
Research and development costs during period
Shipping costs during period
Advertising costs during period
Number of major customers
Net sales to major customers
Finished goods
Work in process
Materials and supplies
Total inventories
Inventory valuation allowance
Patents
Trademarks
Pac-Kit Tradename, Customer List
C-Thru,Customer List
Total Intangible Assets
Accumulated amortization
Net Intangible Assets
Amortization expense - patents and trademarks
Estimated aggregate amortization expense:
2014
2015
2016
2017
2018
Customer rebates
Remediation liability
Pension liability
Other
Total accrued liabilities
Plan asset weighted average allocation
Pension plan assets
Assumptions used to determine benefit obligation:
Discount rate
Changes in benefit obligation:
Benefit obligation at beginning of year
Interest cost
Service cost
Actuarial gain (loss)
Benefits and plan expenses paid
Benefit obligation at end of year
Changes in plan assets:
Fair value of plan assets at beginning of year
Actual return on plan assets
Employer contribution
Benefits and plan expenses paid
Fair value of plan assets at end of year
Funded status
Assumptions used to determine net periodic benefit cost:
Discount rate
Expected return on plan assets
Components of net periodic benefit cost:
Interest cost
Service cost
Expected return on plan assets
Amortization of prior service costs
Amortization of actuarial loss
Net periodic benefit cost
Balance at beginning of the year
Change in net loss
Amortization of actuarial loss
Amortization of prior service cost
Change recognized in other comprehensive income
Total recognized in other comprehensive income
Amounts recognized in accumulated other comprehensive income:
Net actuarial loss
Prior service cost
Total
Estimated future benefit payments:
2014
2015
2016
2017
2018
Years 2019 - 2023
Company contributions to plan
Expected plan contributions during 2014
Company shares included in plan
Market value of Company shares included in plan
Expected long-term rate of return on plan assets
Net actuarial loss
Prior service cost
Company contributions to profit sharing plan
Employee contributions to profit sharing plan
Total profit sharing contribution expense
Pension plan target asset allocation
Current:
Federal
State
Foreign
Total Current
Deferred:
Federal
State
Foreign
Total Deferred
Total Income Tax Expense (Benefit)
United States
Foreign
Total
Federal income taxes at 34% statutory rate
State and local taxes, net of federal income tax effect
Permanent items
Charitable Donations
Foreign tax rate difference
Change in deferred income tax valuation allowance
Provision for income taxes
Deferred income tax liabilities:
Plant, property and equipment
Total
Deferred income tax assets:
Asset valuations
Contribution carryforward
Operating loss carryforwards and credits
Pension
Foreign tax credit
Other
Total
Net deferred income tax asset before valuation allowance
Valuation allowance
Net deferred income tax asset
Foreign earnings repatriated during period
Foreign subsidiary earnings
Operating loss carryforwards
Hong Kong income tax rate
Debt Details Narrative
Outstanding borrowings under revolving loan agreement
Amount available for borrowing under revolving loan agreement
Credit facility borrowing capacity
Interest rate of LIBOR plus percentage
Credit facility interest rate
Credit facility expiration date
Covenant terms and compliance
Rent expense
Minimum Annual Rental Commitments
2014
2015
2016
2017
2018
Operating income
Assets
Additions to property, plant and equipment
Depreciation and amortization
Reconciliation Of Segment Operating Income Details
Total operating income
Interest expense, net
Other expense, net
Consolidated income before taxes
Revenues - United States
Revenues - International
Total Revenues
Segment Information Details Narrative
Direct import sales to total net sales ratio
Options outstanding at the beginning of the year
Options granted
Options forfeited
Options exercised
Options outstanding at the end of the year
Options exercisable at the end of the year
Common stock available for future grants at the end of the year
Weighted average exercise price per share:
Granted
Forfeited
Exercised
Outstanding
Exercisable
Range of exercise prices, lower range
Range of exercise prices, upper range
Number outstanding
Options outstanding weighted-average remaining contractual life (years)
Options outstanding weighted-average exercise price
Number exercisable
Options exercisable weighted-average exercise price
Expected life in years
Interest rate, minimum
Interest rate, maximum
Volatility, minimum
Volatility, maximum
Dividend yield
Vesting term
Shares available for grant
Shares authorized under plan
Shares offered under initial option
Shares offered under annual option
Weighted average remaining contractual term
Stock-based compensation
Unrecognized compensation cost
Unrecognized compensation cost recognition period
Weighted average fair value at the date of grant
Aggregate intrinsic value of outstanding options
Aggregate intrinsic value of exercisable options
Aggregate intrinsic value of options exercised
Weighted average shares outstanding
Effect of dilutive employee stock options
Denominator for dilutive earnings per share
Dilutive earnings per share
Options excluded from earnings per share calculation
Accumulated other comprehensive income, beginning balance
Change in net prior service credit and actuarial losses, net of tax
Translation adjustment
Accumulated other comprehensive income, ending balance
Dividends per share
Sale Of Property Details Narrative
Description of property sale
Proceeds from sale of property
Mortgage receivable from sale of property
Interest rate on mortgage receivable
Undiscounted environmental remediation liability
Payments for remediation
Accrual for environmental remediation and monitoring
Accrual for environmental remediation and monitoring, current
Minimum environmental remediation monitoring period (in years)
Proceeds received as repayment of mortgage receivable
Contingencies - Accrual For Environmental Remediation Table Details
Environmental remediation accrual at December 31, 2012
Payments
Environmental remediation accrual at December 31, 2013
Total purchase price of assets
Purchase price allocation to tangible assets
Purchase price allocated to inventory
Purchase price allocated to intangible assets
Liabilities assumed as part of Pac-Kit purchase
Unaudited proforma net sales during period
Unaudited proforma net income during period
Integration and transaction costs
Purchase price allocation:
Accounts receivable
Inventory
Equipment
Intangible assets
Total assets
Accounts payable
Net assets acquired
Carrying value as of the balance sheet date of obligations incurred through that date for customer rebates.
Number of major customers representing 10% or more of specified benchmarks.
Deferred tax asset representing asset valuations.
Gross value of deferred tax asset attributable to deductible temporary differences and carryforwards, offset by deferred tax liability attributable to taxable temporary differences prior to valuation allowance.
Change in net loss recorded in other comprehensive income related to benefit costs.
Percentage of direct import sales to total net sales.
Estimated monitoring period after remediation is completed in years.
Finite lived intangible asset consisting of trademarks and customer lists.
Income tax rate charged in foreign jurisdiction.
Permanent items in income tax reconciliation.
Gross value of intangible assets, excluding goodwill.
Interest rate on mortgage loan receivable.
Amount of foreign earnings repatriated during the period.
Disclosure of the sale of property.
Annual grant of an option to purchase set number of shares of common stock.
Initial grant of an option to purchase set number of shares of common stock.
Gross Profit
Interest Expense, Debt
Interest Income (Expense), Net
Nonoperating Income (Expense)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent
Assets, Current
Property, Plant and Equipment, Gross
Property, Plant and Equipment, Net
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent
Liabilities, Current
Liabilities
Treasury Stock, Value
Stockholders' Equity Attributable to Parent
Liabilities and Equity
Common Stock, Shares, Outstanding
Stock Repurchased During Period, Value
Stock Repurchased During Period, Shares
Share-based Compensation
Deferred Income Taxes and Tax Credits
Increase (Decrease) in Receivables
Increase (Decrease) in Inventories
Increase (Decrease) in Prepaid Expense and Other Assets
Increase (Decrease) in Accounts Payable
Increase (Decrease) in Other Accrued Liabilities
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities
Net Cash Provided by (Used in) Operating Activities
Payments to Acquire Property, Plant, and Equipment
Payments to Acquire Intangible Assets
Payments to Acquire Businesses and Interest in Affiliates
Net Cash Provided by (Used in) Investing Activities
Payments of Dividends
Payments for Repurchase of Equity
Proceeds from Issuance of Common Stock
Net Cash Provided by (Used in) Financing Activities
Cash and Cash Equivalents, Period Increase (Decrease)
Inventory Disclosure [Text Block]
Debt Disclosure [Text Block]
Segment Reporting Disclosure [Text Block]
Fair Value Disclosures [Text Block]
Business Combination Disclosure [Text Block]
Inventory, Policy [Policy Text Block]
Goodwill and Intangible Assets, Policy [Policy Text Block]
Schedule of Inventory, Current [Table Text Block]
Schedule of Intangible Assets and Goodwill [Table Text Block]
Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]
IntangibleAssetsGrossExcludingGoodwill
Accrued Liabilities [Default Label]
Defined Benefit Plan, Benefit Obligation
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate
Defined Benefit Plan, Expected Return on Plan Assets
Defined Benefit Plan, Amortization of Gains (Losses)
Defined Benefit Plan, Net Periodic Benefit Cost
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net of Tax
Defined Benefit Plan, Expected Future Benefit Payments, Next Twelve Months
Defined Benefit Plan, Expected Future Benefit Payments, Year Two
Defined Benefit Plan, Expected Future Benefit Payments, Year Three
Defined Benefit Plan, Expected Future Benefit Payments, Year Four
Defined Benefit Plan, Expected Future Benefit Payments, Year Five
Current Income Tax Expense (Benefit)
Deferred Federal Income Tax Expense (Benefit)
Deferred State and Local Income Tax Expense (Benefit)
Deferred Foreign Income Tax Expense (Benefit)
Deferred Income Tax Expense (Benefit)
Income (Loss) from Continuing Operations before Income Taxes, Domestic
Income (Loss) from Continuing Operations before Income Taxes, Foreign
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest
Deferred Tax Liabilities, Gross
Deferred Tax Assets, Other
Deferred Tax Assets, Gross
DeferredTaxAssetsLiabilitiesGross
Valuation Allowance, Amount
Deferred Tax Assets, Net
Operating Leases, Future Minimum Payments, Next Rolling Twelve Months
Operating Leases, Future Minimum Payments, Due in Rolling Year Two
Operating Leases, Future Minimum Payments, Due in Rolling Year Three
Operating Leases, Future Minimum Payments, Due in Rolling Year Four
Operating Leases, Future Minimum Payments, Due in Rolling Year Five
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period
Business Acquisition, Purchase Price Allocation, Assets Acquired
Business Acquisition, Purchase Price Allocation, Current Liabilities, Accounts Payable