Pension and Profit Sharing (Tables)

12 Months Ended

Dec. 31, 2015

Compensation and Retirement Disclosure [Abstract]

Plan Asset Allocation

Asset Category	2015	2014
Equity Securities	58%	67%
Fixed Income Securities	37%	29%
Other Securities / Investments	5%	3%
Total	100%	100%

Pension Plan Assets by Level

2015	Level 1		Level 2		Level 3		Total
Money Market Fund	$	66,914	$	—	$	—	$	66,914
Acme United Common Stock		174,000		—		—		174,000
Equity Common and Collected Funds		—		652,135		—		652,135
Fixed Income Common and Collected Funds		—		524,523		—		524,523
Total	$	240,914	$	1,176,658	$	—	$	1,417,572

2014	Level 1		Level 2		Level 3		Total
Money Market Fund	$	67,909	$	—	$	—	$	67,909
Acme United Common Stock		199,900		—		—		199,900
Equity Common and Collected Funds		—		953,140		—		953,140
Fixed Income Common and Collected Funds		—		463,586		—		463,586
Total	$	267,809	$	1,416,726	$	—	$	1,684,535

Changes in Benefit Obligation

	2015			2014
Assumptions used to determine benefit obligation:
Discount rate		3.50	%		3.23	%
Changes in benefit obligation:
Benefit obligation at beginning of year	$	(1,904,377	)	$	(1,886,636	)
Interest cost		(59,348	)		(69,806	)
Service cost		(25,000	)		(25,000	)
Actuarial loss		(62,677	)		(256,446	)
Benefits and plan expenses paid		274,614			333,511
Benefit obligation at end of year		(1,776,788	)		(1,904,377	)
Changes in plan assets:
Fair value of plan assets at beginning of year		1,684,535			1,703,602
Actual return on plan assets		(22,349	)		124,326
Employer contribution		30,000			190,118
Benefits and plan expenses paid		(274,614	)		(333,511	)
Fair value of plan assets at end of year		1,417,572			1,684,535
Funded status	$	(359,216	)	$	(219,842	)
Amounts recognized in Accumulated Other Comprehensive Income:
Net actuarial loss	$	1,423,319		$	1,368,025
Prior service cost		2,711			11,865
Total	$	1,426,030		$	1,379,890

Components of Net Benefit Expense

	2015			2014
Assumptions used to determine net periodic benefit cost:
Discount rate		3.23	%		3.78	%
Expected return on plan assets		6.00	%		6.00	%
Components of net benefit expense:
Interest cost	$	59,348		$	69,806
Service cost		25,000			25,000
Expected return on plan assets		(92,620	)		(93,292	)
Amortization of prior service costs		9,155			9,155
Amortization of actuarial loss		122,352			116,118
Net periodic benefit cost	$	123,235		$	126,787

Amounts Recognized in Other Comprehensive Income

	2015			2014
Balance at beginning of the year	$	1,379,890		$	1,279,751
Change in net loss		177,647			225,412
Amortization of actuarial loss		(122,352	)		(116,118	)
Amortization of prior service cost		(9,155	)		(9,155	)
Change recognized in other comprehensive income		46,140			100,139
Total recognized in other comprehensive income	$	1,426,030		$	1,379,890

Benefits Expected to be Paid

2016	$        223,000
2017	209,000
2018	194,000
2019	179,000
2020	164,000
Years 2021 - 2025	610,000