Pension and Profit Sharing (Tables)

12 Months Ended

Dec. 31, 2012

Compensation and Retirement Disclosure [Abstract]

Plan Asset Allocation

Asset Category	2012		2011
Equity Securities		70%		68%
Fixed Income Securities		29%		29%
Other Securities / Investments		1%		3%
Total		100%		100%

Pension Plan Assets by Level

2012	Level 1		Level 2		Level 3		Total
Money Market Fund	$	19,609	$	-	$	-	$	19,609
Acme United Common Stock		110,400		-		-		110,400
Equity Common and Collected Funds		-		811,113		-		811,113
Fixed Income Common and Collected Funds				384,280				384,280
Total	$	130,009	$	1,195,393	$	-	$	1,325,402

2011	Level 1		Level 2		Level 3		Total
Money Market Fund	$	32,819	$	-	$	-	$	32,819
Acme United Common Stock		95,000		-		-		95,000
Equity Common and Collected Funds		-		757,373		-		757,373
Fixed Income Common and Collected Funds				361,544				361,544
Total	$	127,819	$	1,118,917	$	-	$	1,246,736

Changes in Benefit Obligation

	2012			2011
Assumptions used to determine benefit obligation:
Discount rate		2.99%			3.99%
Changes in benefit obligation:
Benefit obligation at beginning of year	$	(2,259,522	)	$	(2,479,645	)
Interest cost		(85,108	)		(99,122	)
Service cost		(36,000	)		(19,000	)
Actuarial (loss) gain		(137,609	)		22,235
Benefits and plan expenses paid		292,546			316,010
Benefit obligation at end of year		(2,225,693	)		(2,259,522	)
Changes in plan assets:
Fair value of plan assets at beginning of year		1,246,736			1,315,428
Actual return on plan assets		149,717			7,665
Employer contribution		221,495			239,653
Benefits and plan expenses paid		(292,546	)		(316,010	)
Fair value of plan assets at end of year		1,325,402			1,246,736
Funded status	$	(900,291	)	$	(1,012,786	)

Components of Net Benefit Expense

	2012			2011
Assumptions used to determine net periodic benefit cost:
Discount rate		3.99%			4.42%
Expected return on plan assets		8.25%			8.25%
Components of net benefit expense:
Interest cost	$	85,109		$	99,122
Service cost		36,000			19,000
Expected return on plan assets		(94,765	)		(95,470	)
Amortization of prior service costs		9,154			9,154
Amortization of actuarial loss		135,759			124,536
Net periodic benefit cost	$	171,257		$	156,342

Amounts Recognized in Other Comprehensive Income

	2012			2011
Balance at beginning of the year	$	1,762,345		$	1,830,465
Change in net loss		82,657			65,570
Amortization of actuarial loss		(135,759	)		(124,536	)
Amortization of prior service cost		(9,154	)		(9,154	)
Change recognized in other comprehensive income		(62,256	)		(68,120	)
Total recognized in other comprehensive income	$	1,700,089		$	1,762,345

Amounts recognized in Accumulated Other Comprehensive Income:

Net actuarial loss	$	1,669,914	$	1,723,016
Prior service cost		30,175		39,329
Total	$	1,700,089	$	1,762,345

Benefits Expected to be Paid

2013	$	254,000
2014		247,000
2015		231,000
2016		214,000
2017		194,000
Years 2018 - 2022		742,000