Pension and Profit Sharing (Tables)

12 Months Ended

Dec. 31, 2013

Compensation and Retirement Disclosure [Abstract]

Plan Asset Allocation

Asset Category	2013		2012
Equity Securities		70%		70%
Fixed Income Securities		29%		29%
Other Securities / Investments		1%		1%
Total		100%		100%

Pension Plan Assets by Level

2013	Level 1		Level 2		Level 3		Total
Money Market Fund	$	8,322	$	—	$	—	$	8,322
Acme United Common Stock		149,000		—		—		149,000
Equity Common and Collected Funds		—		1,054,416		—		1,054,416
Fixed Income Common and Collected Funds		—		491,864		—		491,864
Total	$	157,322	$	1,546,280	$	—	$	1,703,602

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

Changes in Benefit Obligation

	2013			2012
Assumptions used to determine benefit obligation:
Discount rate		3.78	%		2.99	%
Changes in benefit obligation:
Benefit obligation at beginning of year	$	(2,225,693	)	$	(2,259,522	)
Interest cost		(64,649	)		(85,108	)
Service cost		(40,000	)		(36,000	)
Actuarial gain (loss)		51,022			(137,609	)
Benefits and plan expenses paid		392,684			292,546
Benefit obligation at end of year		(1,886,636	)		(2,225,693	)
Changes in plan assets:
Fair value of plan assets at beginning of year		1,325,402			1,246,736
Actual return on plan assets		288,429			149,717
Employer contribution		482,455			221,495
Benefits and plan expenses paid		(392,684	)		(292,546	)
Fair value of plan assets at end of year		1,703,602			1,325,402
Funded status	$	(183,034	)	$	(900,291	)

Components of Net Benefit Expense

	2013			2012
Assumptions used to determine net periodic benefit cost:
Discount rate		2.99	%		3.99	%
Expected return on plan assets		6.00	%		8.25	%
Components of net benefit expense:
Interest cost	$	64,649		$	85,109
Service cost		40,000			36,000
Expected return on plan assets		(69,439	)		(94,765	)
Amortization of prior service costs		9,154			9,154
Amortization of actuarial loss		141,171			135,759
Net periodic benefit cost	$	185,535		$	171,257

Amounts Recognized in Other Comprehensive Income

	2013			2012
Balance at beginning of the year	$	1,700,089		$	1,762,345
Change in net loss		(270,011	)		82,657
Amortization of actuarial loss		(141,173	)		(135,759	)
Amortization of prior service cost		(9,154	)		(9,154	)
Change recognized in other comprehensive income		(420,338	)		(62,256	)
Total recognized in other comprehensive income	$	1,279,751		$	1,700,089

Net actuarial loss	$	1,258,731	$	1,669,914
Prior service cost		21,020		30,175
Total	$	1,279,751	$	1,700,089

Benefits Expected to be Paid

2014	$	256,000
2015		239,000
2016		223,000
2017		205,000
2018		187,000
Years 2019 - 2023		691,000