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Acme United Corp – ‘10-K’ for 12/31/18 – ‘R18’

On:  Friday, 3/15/19, at 5:02pm ET   ·   For:  12/31/18   ·   Accession #:  1026608-19-11   ·   File #:  1-07698

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/15/19  Acme United Corp                  10-K       12/31/18   89:4.3M                                   Placido Robert/FA

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML    403K 
 2: EX-21       Subsidiaries List                                   HTML     22K 
 3: EX-23.1     Consent of Experts or Counsel                       HTML     25K 
 4: EX-31.1     Certification -- §302 - SOA'02                      HTML     24K 
 5: EX-31.2     Certification -- §302 - SOA'02                      HTML     24K 
 6: EX-32.1     Certification -- §906 - SOA'02                      HTML     28K 
 7: EX-32.2     Certification -- §906 - SOA'02                      HTML     28K 
14: R1          Document and Entity Information                     HTML     57K 
15: R2          Consolidated Statements of Operations               HTML     73K 
16: R3          Consolidated Statements of Comprehensive Income     HTML     46K 
17: R4          Consolidated Balance Sheets                         HTML    122K 
18: R5          Consolidated Balance Sheets (Parenthetical)         HTML     33K 
19: R6          Consolidated Statements of Changes in               HTML     67K 
                Stockholders' Equity                                             
20: R7          Consolidated Statements of Cash Flows               HTML    108K 
21: R8          Operations                                          HTML     27K 
22: R9          Accounting Policies                                 HTML     44K 
23: R10         Inventories                                         HTML     29K 
24: R11         Intangible Assets and Goodwill                      HTML     36K 
25: R12         Other Accrued Liabilities                           HTML     29K 
26: R13         Pension and Profit Sharing                          HTML     68K 
27: R14         Income Taxes                                        HTML     56K 
28: R15         Long-Term Debt and Shareholders' Equity             HTML     30K 
29: R16         Commitments and Contingencies                       HTML     27K 
30: R17         Revenue from Contracts with Customers               HTML     44K 
31: R18         Segment Information                                 HTML     46K 
32: R19         Stock Option Plans                                  HTML     59K 
33: R20         Earnings Per Share                                  HTML     30K 
34: R21         Accumulated Other Comprehensive Loss                HTML     34K 
35: R22         Financial Instruments                               HTML     27K 
36: R23         Quarterly Data (Unaudited)                          HTML     45K 
37: R24         Business Combinations                               HTML     32K 
38: R25         Accounting Policies (Policies)                      HTML    103K 
39: R26         Inventories (Tables)                                HTML     30K 
40: R27         Intangible Assets and Goodwill (Tables)             HTML     35K 
41: R28         Other Accrued Liabilities (Tables)                  HTML     28K 
42: R29         Pension and Profit Sharing (Tables)                 HTML     73K 
43: R30         Income Taxes (Tables)                               HTML     54K 
44: R31         Revenue from Contracts with Customers (Tables)      HTML     32K 
45: R32         Segment Information (Tables)                        HTML     49K 
46: R33         Stock Option Plans (Tables)                         HTML     51K 
47: R34         Earnings Per Share (Tables)                         HTML     30K 
48: R35         Accumulated Other Comprehensive (Loss) Income       HTML     33K 
                (Tables)                                                         
49: R36         Quarterly Data (Tables)                             HTML     44K 
50: R37         Business Combinations - Business Combinations       HTML     30K 
                (Tables)                                                         
51: R38         Accounting Policies - Accounting Policies (Detail   HTML     55K 
                Narrative)                                                       
52: R39         Inventories (Details Narrative)                     HTML     26K 
53: R40         Inventories - Inventories (Details)                 HTML     36K 
54: R41         Intangible Assets and Goodwill (Details Narrative)  HTML     41K 
55: R42         Intangible Assets and Goodwill - Intangible Assets  HTML     60K 
                (Details)                                                        
56: R43         Other Accrued Liabilities (Details)                 HTML     41K 
57: R44         Pension and Profit Sharing - Plan Asset Allocation  HTML     29K 
                (Details)                                                        
58: R45         Pension and Profit Sharing - Pension Plan Assets    HTML     42K 
                by Fair Value Hiearchy (Details)                                 
59: R46         Pension and Profit Sharing - Benefit Obligation     HTML     43K 
                (Details)                                                        
60: R47         Pension And Profit Sharing - Changes In Plan        HTML     40K 
                Assets (Details)                                                 
61: R48         Pension and Profit Sharing - Periodic Benefit Cost  HTML     49K 
                (Details)                                                        
62: R49         Pension and Profit Sharing - Amounts Recognized in  HTML     48K 
                Other Comprehensive Income (Details)                             
63: R50         Pension and Profit Sharing - Estimated Future       HTML     37K 
                Benefit Payments (Details)                                       
64: R51         Pension and Profit Sharing (Details Narrative)      HTML     42K 
65: R52         Income Taxes (Details Narrative)                    HTML     45K 
66: R53         Income Taxes - Income Tax Expense (Benefit)         HTML     50K 
                (Details)                                                        
67: R54         Income Taxes - US and Foreign Income Before Income  HTML     31K 
                Taxes (Details)                                                  
68: R55         Income Taxes - US Statutory Rate Reconciliation     HTML     46K 
                (Details)                                                        
69: R56         Income Taxes - Deferred Tax Assets and Liabilities  HTML     44K 
                (Details)                                                        
70: R57         Long-Term Debt (Details Narrative)                  HTML     84K 
71: R58         Commitments and Contingencies (Details Narrative)   HTML     45K 
72: R59         Revenue from Contracts with Customers (Details)     HTML     34K 
73: R60         Segment Information (Details Narrative)             HTML     25K 
74: R61         Segment Information - Financial Data by Segment     HTML     52K 
                (Details)                                                        
75: R62         Reconciliation of Segment Operating Income          HTML     34K 
                (Details)                                                        
76: R63         Segment Revenues (Details)                          HTML     38K 
77: R64         Stock Option Plans (Details Narrative)              HTML     65K 
78: R65         Stock Option Plans - Stock Option Activity          HTML     54K 
                (Details)                                                        
79: R66         Stock Option Plans - Summary of Options             HTML     60K 
                Outstanding (Details)                                            
80: R67         Stock Option Plans - Assumptions Used to Value      HTML     38K 
                Option Grants (Details)                                          
81: R68         Earnings Per Share (Details Narrative)              HTML     26K 
82: R69         Earnings Per Share - Earnings Per Share (Details)   HTML     51K 
83: R70         Comprehensive Income - Accumulated Other            HTML     38K 
                Comprehensive (Loss) Income (Details)                            
84: R71         Quarterly Data - Quarterly Data (Details)           HTML     53K 
85: R72         Business Combination (Details Narrative)            HTML     42K 
86: R73         Business Combination Purchase Price Allocation      HTML     42K 
                (Details)                                                        
88: XML         IDEA XML File -- Filing Summary                      XML    155K 
87: EXCEL       IDEA Workbook of Financial Reports                  XLSX     82K 
 8: EX-101.INS  XBRL Instance -- acu-20181231                        XML   1.14M 
10: EX-101.CAL  XBRL Calculations -- acu-20181231_cal                XML    248K 
11: EX-101.DEF  XBRL Definitions -- acu-20181231_def                 XML    365K 
12: EX-101.LAB  XBRL Labels -- acu-20181231_lab                      XML    989K 
13: EX-101.PRE  XBRL Presentations -- acu-20181231_pre               XML    763K 
 9: EX-101.SCH  XBRL Schema -- acu-20181231                          XSD    152K 
89: ZIP         XBRL Zipped Folder -- 0001026608-19-000011-xbrl      Zip    126K

‘R18’   —   Segment Information

This is an IDEA Financial Report.  [ Alternative Formats ]

 
v3.19.1
Segment Information
 12 Months Ended
Segment Information  
Segment Information

11. Segment Information

 

The Company reports financial information based on the organizational structure used by the Company’s chief operating decision makers for making operating and investment decisions and for assessing performance. The Company’s reportable business segments consist of: (1) United States; (2) Canada; and (3) Europe. As described below, the activities of the Company’s Asian operations are closely linked to those of the U.S. operations; accordingly, the Company’s chief operating decision makers review the financial results of both on a consolidated basis, and the results of the Asian operations have been aggregated with the results of the United States operations to form one reportable segment called the “United States segment” or “U.S. segment”. Each reportable segment derives its revenue from the sales of cutting devices, measuring instruments and safety products for school, office, home, hardware, sporting and industrial use.

 

Domestic sales orders are filled primarily from the Company’s distribution centers in North Carolina, Washington, Massachusetts, Tennessee and California. The Company is responsible for the costs of shipping, insurance, customs clearance, duties, storage and distribution related to such products. Orders filled from the Company’s inventory are generally for less than container-sized lots.

 

Direct import sales are products sold by the Company’s Asian subsidiary, directly to major U.S. retailers who take ownership of the products in Asia. These sales are completed by delivering product to the customers’ common carriers at the shipping points in Asia. Direct import sales are made in larger quantities than domestic sales, typically full containers. Direct import sales represented approximately 12% and 11% of the Company’s total net sales in 2018 and 2017, respectively.

 

The Chief Operating Decision Maker evaluates the performance of each operating segment based on segment revenues and operating income. Segment revenues are defined as total revenues, including both external customer revenue and inter-segment revenue. Segment operating earnings are defined as segment revenues, less cost of goods sold and operating expenses. Identifiable assets by segment are those assets used in the respective reportable segment’s operations. Inter-segment amounts are eliminated to arrive at consolidated financial results.

The following table sets forth certain financial data by segment for the fiscal years ended December 31, 2018 and 2017:

 

Financial data by segment:   

(000’s omitted) 

 

Year Ended December 31, 2018:            
  United States  Canada  Europe  Consolidated
Net sales  $120,993   $7,040   $9,288   $137,321 
Operating income   6,103    884    470    7,457 
Assets   99,720    3,839    5,918    109,477 
Additions to property, plant and equipment   2,705    83    63    2,851 
Depreciation and amortization   3,153    9    67    3,229 

 

 

Year Ended December 31, 2017:            
  United States  Canada  Europe  Consolidated
Net sales  $115,407   $6,935   $8,208   $130,550 
Operating income   6,788    775    320    7,883 
Assets   104,431    4,926    5,373    114,730 
Additions to property, plant and equipment   7,014    19    113    7,146 
Depreciation and amortization   2,845    8    42    2,895 

 

The following is a reconciliation of segment operating income to consolidated income before taxes:

 

   2018  2017
Total operating income  $7,457   $7,883 
Interest expense, net   1,858    1,327 
Other expense   67    63 
Consolidated income before taxes  $5,532   $6,493 

 

The table below presents revenue by geographic area. Revenues are attributed to countries based on location of the customer. 

 

Revenues  2018  2017
United States  $119,573   $114,231 
International:          
      Canada   7,040    6,935 
      Europe   9,288    8,208 
      Other   1,420    1,176 
Total International  $17,748   $16,319 
           
Total Revenues  $137,321   $130,550 

 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/15/19
For Period end:12/31/18
12/31/1710-K,  5
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Filing Submission 0001026608-19-000011   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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