Rendering

Component: (Network and Table)
Network
00000031 - Disclosure - Income Taxes (Tables)
(http://acu.com/role/IncomeTaxesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Income Tax Disclosure [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Income Tax Disclosure [Abstract]
 
Income Tax Expense (Benefit)

   2016  2015
Current:          
Federal  $566,361   $1,304,253 
    State   (5,648)   164,913 
    Foreign   984,469    553,259 
    1,545,182    2,022,425 
           
Deferred:          
Federal   83,290    (196,476)
    State   17,233    (5,077)
    100,523    (201,553)
   $1,645,705   $1,820,872 

 

 
 
US and Foreign Income Before Income Taxes

   2016  2015
United States  $2,008,065   $3,256,251 
Foreign   5,488,638    3,358,146 
   $7,496,703   $6,614,397 

 

 
 
US Statutory Rate Reconciliation

   2016  2015
Federal income          
taxes at          
34% statutory rate  $2,496,270   $1,878,464 
State and local          
taxes, net of          
federal income          
tax effect   18,998    105,492 
Permanent items   (25,077)   328,075 
Foreign tax rate difference   (919,038)   (601,269)
Change in deferred income tax          
 valuation allowance   74,552    110,110 
           
 Provision for income taxes  $1,645,705   $1,820,872 

 

 
 
Deferred Tax Assets and Liabilities

   2016  2015
Deferred income tax liabilities:          
Plant, property          
and equipment  $604,271   $536,759 
    604,271    536,759 
           
Deferred income tax assets:          
Asset valuations   720,189    677,994 
Operating loss          
carryforwards and credits   121,658    110,110 
Pension   227,681    189,920 
Foreign tax credit   186,504    186,504 
Other   593,140    753,219 
    1,849,172    1,917,747 
Net deferred          
income tax asset before valuation allowance   1,244,901    1,380,988 
Valuation          
 allowance   (74,552)   (110,110)
Net deferred          
 income tax asset  $1,170,349   $1,270,878