A cutting device has a selectively replaceable and reorientable blade. The cutting device includes a housing and a carriage that is movably disposed in the housing, the carriage being movable between a retracted position and an extended position. The cutting device also has a cutting member that is removably disposable and reorientable in the carriage and a cover member that is removably attachable to the housing. Further, the cutting device includes an adjustable blade depth assembly providing the ability to direct and/or pre-select the depth or length a blade disposed in the carriage will reach upon engagement of a dial component and/or switch member operably connected to the blade carriage.