Omega Protein (OME) 10-Q 8 May 17 2017 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 02, 2017
Document Information [Line Items]
Entity Registrant Name	Omega Protein Corp
Entity Central Index Key	1,053,650
Trading Symbol	ome
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		22,440,733
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheet (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 23,586	$ 37,412
Receivables, net	39,550	38,796
Inventories, net	109,411	108,711
Prepaid expenses and other current assets	4,146	4,707
Total current assets	176,693	189,626
Property, plant and equipment, net	195,475	188,624
Goodwill	26,417	26,347
Total intangible assets	17,035	17,504
Other asset, net	4,742	5,764
Total assets	420,362	427,865
Current liabilities:
Current maturities of long-term debt	1,439	1,097
Accounts payable	14,573	17,099
Accrued liabilities	25,877	37,928
Total current liabilities	41,889	56,124
Deferred tax liability, net	29,019	25,678
Pension liabilities, net	5,597	5,659
Other long-term liabilities	2,627	3,717
Total liabilities	79,132	91,178
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.01 par value; 10,000,000 authorized shares; none issued	0	0
Common Stock, $0.01 par value; 80,000,000 authorized shares; 22,629,052 and 22,579,626 shares issued and 22,440,733 and 22,411,695 shares outstanding at March 31, 2017 and December 31, 2016, respectively	223	223
Capital in excess of par value	156,307	155,761
Retained earnings	197,109	192,150
Treasury stock, at cost – 188,319 and 167,931 shares at March 31, 2017 and December 31, 2016, respectively	(3,385)	(2,894)
Accumulated other comprehensive loss	(9,024)	(8,553)
Total stockholders’ equity	341,230	336,687
Total liabilities and stockholders’ equity	$ 420,362	$ 427,865

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheet (Current Period Unaudited) (Parentheticals) - $ / shares shares in Thousands	Mar. 31, 2017	Dec. 31, 2016
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	80,000,000	80,000,000
Common stock, shares issued (in shares)	22,629,052	22,579,626
Common stock, shares oustanding (in shares)	22,440,733	22,411,695
Treasury stock, shares (in shares)	188,319	167,931

Condensed Consolidated Statemen

Condensed Consolidated Statement of Comprehensive Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017		Mar. 31, 2016
Revenues	$ 73,569	[1]	$ 84,843	[2]
Cost of sales	53,378		60,024
Gross profit	20,191		24,819
Selling, general, and administrative expense	10,251		8,933
Research and development expense	523		636
Loss related to plant closures			642
Gain on disposal of assets	(385)		(35)
Operating income	9,802		14,643
Interest expense	(81)		(145)
Loss on foreign currency	(888)		(1,431)
Other expense, net	(50)		(79)
Income before income taxes	8,783		12,988
Provision for income taxes	2,703		4,608
Net income	6,080		8,380
Other comprehensive income (loss):
Foreign currency translation adjustment net of tax expense $41 and $390, respectively	77		725
Energy swap adjustment, net of tax benefit (expense) of $403 and ($64), respectively	(748)		118
Pension benefits adjustment, net of tax expense of $108 and $120, respectively	200		222
Comprehensive income	$ 5,609		$ 9,445
Basic earnings per share (See Note 14) (in dollars per share)	$ 0.27		$ 0.38
Weighted average common shares outstanding (in shares)	22,124		21,861
Diluted earnings per share (See Note 14) (in dollars per share)	$ 0.27		$ 0.37
Weighted average common shares and potential common share equivalents outstanding (in shares)	22,428		22,168
Dividends declared per common share outstanding (in dollars per share)	$ 0.05
[1]	Excludes revenue from internal customers of $0.4 million for fish oil that was transferred from the animal nutrition segment to the human nutrition segment at cost.
[2]	Excludes revenue from internal customers of $0.1 million for fish oil that was transferred from the animal nutrition segment to the human nutrition segment at cost.

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Foreign currency translation adjustment, tax	$ 41	$ 390
Energy swap adjustment, tax	403	(64)
Pension benefits adjustment, tax	$ 108	$ 120

Condensed Consolidated Stateme6

Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net income	$ 6,080	$ 8,380
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	6,529	6,216
Loss related to plant closures		613
(Gain) loss on disposal of assets	(385)	(35)
Provisions for losses on receivables	7	26
Share based compensation	467	472
Deferred income taxes	3,733	528
Unrealized loss on foreign currency fluctuations, net	888	1,431
Changes in assets and liabilities:
Receivables	(1,200)	(8,384)
Inventories	(631)	10,429
Prepaid expenses and other current assets	(144)	1,707
Other assets	284	(374)
Accounts payable	(3,049)	(5,770)
Accrued liabilities	(10,958)	(3,818)
Pension liability, net	138	80
Other long term liabilities	(1,197)	(719)
Net cash provided by operating activities	562	10,782
Cash flows from investing activities:
Capital expenditures	(13,855)	(9,704)
Proceeds from disposition of assets	676	35
Net cash used in investing activities	(13,179)	(9,669)
Cash flows from financing activities:
Dividends paid	(1,121)
Principal payments of long-term debt		(5,500)
Proceeds from long-term debt	324	5,232
Treasury stock repurchase	(491)	(358)
Proceeds from equity compensation transactions	79
Excess tax benefit of equity compensation transactions		211
Net cash used in financing activities	(1,209)	(415)
Net (decrease) increase in cash and cash equivalents	(13,826)	698
Translation effect on cash		23
Cash and cash equivalents at beginning of year	37,412	661
Cash and cash equivalents at end of period	$ 23,586	$ 1,382

Note 1 - Significant Accounting

Note 1 - Significant Accounting Policies Summary of Operations and Basis of Presentation	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 1. SUMMARY OF OPERATIONS AND BASIS OF PRESENTATION Business Description Omega Protein Corporation (the “Company”) is a nutritional products company that develops, produces and delivers products throughout the world to improve the nutritional integrity of foods, dietary supplements and animal feeds. The Company operates through two The animal nutrition segment is comprised primarily of two ’s principal operating subsidiary, is the successor to a business conducted since 1913. third The human nutrition segment operates under the “tera ’s ® three three September 2014 2013, Basis of Presentation These interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information, the instructions to Quarterly Report on Form 10 10 01 the Company’s Annual Report on Form 10 December 31, 2016. In the opinion of management , the accompanying unaudited condensed consolidated financial statements reflect all adjustments (consisting only of normal recurring adjustments) necessary for a fair statement of the Company’s consolidated financial position as of March 31, 2017, three March 31, 2017 2016. may December 31, 2017. Accumulated Other Comprehensive Loss The components of accumulated other comprehensive gain (loss) included in stockholders’ equity are as follows: Changes in Accumulated Other Comprehensive Loss by Component For the Three Months Ended March 31, 2017 (in thousands) Gains and Losses On Cash Flow Hedges Defined Benefit Pension Items Foreign Currency Translation Adjustment Total Balance as of December 31, 201 6 $ 1,261 $ (7,457 ) $ (2,357 ) $ (8,553 ) Other comprehensive gain (loss) before reclassifications (748 ) — 77 (671 ) Amounts reclassified from accumulated other comprehensive loss — (a) 200 (b) — 200 Net current-period other comprehensive income (748 ) 200 77 (471 ) Balance as of March 31, 201 7 $ 513 $ (7,257 ) $ (2,280 ) $ (9,024 ) Changes in Accumulated Other Comprehensive Loss by Component For the Three Months Ended March 31, 2016 (in thousands) Gains and Losses On Cash Flow Hedges Defined Benefit Pension Items Foreign Currency Translation Adjustment Total Balance as of December 31, 2015 $ (2,012 ) $ (8,335 ) $ (2,691 ) $ (13,038 ) Other comprehensive gain (loss) before reclassifications 118 — 725 843 Amounts reclassified from accumulated other comprehensive loss — (a) 222 (b) — 222 Net current-period other comprehensive income 118 222 725 1,065 Balance as of March 31, 2016 $ (1,894 ) $ (8,113 ) $ (1,966 ) $ (11,973 ) (a) This accumulated other comprehensive income component is reclassified to the unallocated inventory cost pool in the period when the energy consumption takes place. ( b) This accumulated other comprehensive income component is included in the computation of net periodic pension costs as amortization of actuarial loss which are explained in more detail in Note 15 8 10 December 31, 2016. Recently Issued and Adopted Accounting Standards In March 2017, Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2017 07, Compensation – Retirement Benefits, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost 2017 07 . 2017 07 December 15, 2017, 2017 07 consolidated results of operations, financial position and related disclosures. In December 2016, 606, 606. The ASC is effective for the Company beginning January 1, 2018. ’s impact on its consolidated results of operations and financial condition. The Company has conducted initial contract reviews of the most significant contracts and is currently developing a project plan to conduct detailed contract reviews to determine necessary adjustments to existing accounting policies and to support a complete evaluation of the standard’s impact on the Company’s consolidated results of operations and financial condition. For the majority of the Company’s revenue arrangements, transactions are not accounted for under industry-specific guidance that will be superseded by the ASC and generally consist of a single performance obligation to transfer promised goods. Additionally, there are expanded disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customers which the Company is also developing as it works through the project plan. Given that the Company ’s assessment is still in progress, the Company is still evaluating the potential impact of the implementation of this new guidance on the Company’s consolidated financial position or results of operations. The Company currently anticipates utilizing the modified retrospective method of adoption on January 1, 2018. In March 2016, 2016 09, Compensation – Stock Compensation, Improvements to Employee Share-Based Payment Accounting. ASU 2016 09 2016 09 2016 09 January 1, 2017, $0.3 $0.3 as compared to the presentation for the three March 31, 2016. In February 2016, 2016 02, 2016 02 2016 02 January 1, 2019 ’s consolidated results of operations, financial position and related disclosures. In November 2015, FASB issued ASU 2015 17 , Balance Sheet Classification of Deferred Taxes 2015 17 January 1, 2017, which netted the December 31, 2016 $3.4 $29.1 $25.7 Foreign Currency Translations All amounts are expressed in U.S. Dollars unless otherwise indicated. The U.S. Dollar is the functional currency of Bioriginal Food & Science ’s Canadian-based subsidiaries (“Bioriginal Food & Science Canada”). Monetary assets and liabilities denominated in foreign currencies are translated into U.S. Dollars at exchange rates in effect at the balance sheet date. Non-monetary items are translated at rates of exchange in effect when the assets were acquired or obligations incurred. Revenue and expenses are translated at average rates in effect in the period of the transaction. Foreign exchange gains and losses are included in the consolidated statement of comprehensive income. The Euro is the functional currency of Bioriginal Food & Science ’s Netherlands-based subsidiaries (“Bioriginal Food & Science Europe”). The operations of these subsidiaries are considered self-sustaining and their financial statements are translated into U.S. Dollars using the current rate method. Under this method, all assets and liabilities are translated to U.S. Dollars at exchange rates in effect at the balance sheet date and all revenue and expenses are translated at rates in effect at the time of the transactions. Exchange gains and losses arising from this translation, representing the net unrealized foreign currency translation gain (loss) on the Company's net investment in its self-sustaining subsidiaries, are recorded in the accumulated other comprehensive income (loss) component of stockholders' equity. Adjustments to the accumulated other comprehensive income (loss) account are not recorded in the consolidated statement of comprehensive income until realized through an addition or reduction in the Company's net investment in such operations.

Note 2 - Plant Closures

Note 2 - Plant Closures	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	NOTE 2 . PLANT CLOSURE S Batavia Plant As part of a strategic review that began in late 2015 the Company re-assessed its business strategy to produce and sell concentrated menhaden fish oils. During this assessment, sales efforts were reduced and the Company determined that the carrying values of certain assets located at the Company’s facility in Batavia, Illinois were no longer recoverable. In March 2016, September 2016, $0.5 October 3, 2016. The following table shows all charges related to the plant closure that have been recorded in the Company ’s consolidated statements of comprehensive income during the three March 31, 2017, March 31, 2016 December 2015 Three Months Ended March 31, 201 7 Three Months Ended March 31, 2016 December 2015 to March 31, 2017 (in thousands) Impairment of property, plant and equipment $ — $ 10 $ 5,892 Write-off material and supplies inventory — 239 575 Employee severance costs — 356 611 Other closure costs — — 74 Total loss related to plant closure $ — $ 605 $ 7,152 The Company does not expect additional expenses related to this closure. Cameron Plant In December 2013, ’s other Gulf Coast facilities located in Abbeville, Louisiana and Moss Point, Mississippi. In conjunction with the closure, the following charges were incurred in the Company’s consolidated statements of comprehensive income during the three March 31, 2017, March 31, 2016 December 2013 Three Months Ended March 31, 2017 Three Months Ended March 31, 2016 December 2013 to March 31, 2017 (in thousands) Impairment of property, plant and equipment $ — $ — $ 7,922 Write-off material and supplies inventory — — 150 Employee severance costs — — 732 Estimated decommissioning costs — — 250 Other ongoing closure costs not attributable to future production — 37 6,405 Total loss related to plant closure $ — $ 37 $ 15,459 The Company does not expect additional expenses related to this closure.

Note 3 - Industry Segments

Note 3 - Industry Segments	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 3. SEGMENTS The Company evaluates and reviews its results of operations in two made about the Company’s overall resource allocation and assess performance. Key measurements include revenue growth, operating income and return on invested capital. The animal nutrition segment is primarily comprised of the Company ’s fishing related assets. These assets produce fish meal, oil and solubles that are sold primarily to animal nutrition customers. A portion of the Company’s fish oil is also partially refined and transferred at cost to the human nutrition segment where it is further refined for sale to the human nutrition market. The human nutrition segment is comprised of assets used to produce, procure, market and sell products, including plant oils, dairy proteins, fish oils and nutraceuticals to human nutrition markets. The tables below present information about reported segments for three March 31, 2017 2016 201 7 Animal Nutrition Human Nutrition Unallocated Total Revenue (1) $ 39,941 $ 33,628 $ — $ 73,569 Cost of sales 25,803 27,575 — 53,378 Gross profit 14,138 6,053 — 20,191 Selling, general and administrative expenses (including research and development) 555 3,656 6,563 10,774 (Gain) loss on disposal of assets (396 ) 11 — (385 ) Operating income (loss) $ 13,979 $ 2,386 $ (6,563 ) $ 9,802 Depreciation and amortization $ 5,056 $ 1,236 $ 237 $ 6,529 Identifiable assets $ 252,012 $ 137,768 $ 30,582 $ 420,362 Capital expenditures $ 13,820 $ 35 $ — $ 13,855 2016 Animal Nutrition Human Nutrition Unallocated Total Revenue ( 2 ) $ 50,195 $ 34,648 $ — $ 84,843 Cost of sales 29,749 30,275 — 60,024 Gross profit 20,446 4,373 — 24,819 Selling, general and administrative expenses (including research and development) 486 4,136 4,947 9,569 Loss related to plant closure s 37 605 — 642 Loss on disposal of assets (35 ) — — (35 ) Operating income (loss) $ 19,958 $ (368 ) $ (4,947 ) $ 14,643 Depreciation and amortization $ 4,670 $ 1,354 $ 192 $ 6,216 Identifiable assets $ 243,639 $ 156,770 $ 5,962 $ 406,371 Capital expenditures $ 8,462 $ 1,075 $ 167 $ 9,704 (1) Excludes revenue from internal customers of $0.4 (2) Excludes revenue from internal customers of $0.1 A reconciliation of total segment operating income to total earnings from operations before income taxes is as follows (in thousands): Three Months Ended March 31, 201 7 201 6 Operating income for reportable segments $ 16,365 $ 19,590 Unallocated o perating loss (6,563 ) (4,947 ) Interest expense (81 ) (145 ) Loss on foreign currency (888 ) (1,431 ) Other expense, net (50 ) (79 ) Income before income taxes $ 8,783 $ 12,988

Note 4 - Goodwill and Other Int

Note 4 - Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 4. AND OTHER INTANGIBLE ASSETS Goodwill is measured as the excess of the cost of an acquisition over the sum of the amounts assigned to the fair value of tangible and intangible assets acquired less liabilities assumed. All of the Company’s goodwill and other intangible assets are the result of acquisitions in the human nutrition segment. Goodwill is tested annually for impairment, and whenever an event occurs or circumstances change that would more likely than not indicate that the carrying value of a reporting unit that includes goodwill is greater than the fair value of that reporting unit. Determining whether an indicator of impairment has occurred during an interim period involves a significant amount of judgment. During the interim periods, qualitative factors such as deterioration in general economic conditions, changes in the market for an entity’s products or services, declines in actual or planned revenue or earnings compared with actual and projected results of relevant prior periods, among others, are evaluated to determine if a triggering event which would result in a potential impairment has occurred. In determining fair value of a reporting unit, the Company uses various approaches, including an income approach, which is considered to be a Level 3 The following table summarizes the changes in the carrying amount of goodwill (in thousands): Bioriginal Food & Science January 1, 201 7 $ 26,347 Foreign currency translation adjustment 70 March 31, 201 7 $ 26,417 (1) (1) The calculated fair value of the Bioriginal Food & Science reporting unit exceeded its carrying value by 4% December 31, 2016. The following table summarizes the Company ’s intangible assets (in thousands): Balance at January 1, 201 7 Amortization Foreign currency translation adjustment Balance at March 31, 201 7 Customer relationships and brand names, net of accumulated amortization of $ 6,275 and $6,793, respectively $ 14,259 (518 ) 41 $ 13,782 Indefinite life intangibles – trade names/secrets and other 3,245 — 8 3,253 Total intangible assets $ 17,504 (518 ) 49 $ 17,035 Balance at January 1, 2016 Reclassified Amortization Foreign currency translation adjustment Balance at March 31, 2016 Customer relationships and brand names, net of accumulated amortization of $4,230 and $4,724, respectively $ 14,851 362 (494 ) 71 $ 14,790 Indefinite life intangibles – trade names/secrets and other 5,256 (362 ) — 32 4,926 Total intangible assets $ 20,107 — (494 ) 103 $ 19,716 Amortization expense of the Company’s intangible assets for each of the three March 31, 2017 2016 $0.5 Remainder of 201 7 $ 1,555 201 8 2,074 201 9 2,074 20 20 2,074 2021 1,694 Thereafter 4,311 Total estimated future amortization expense $ 13,782 The Company’s goodwill and other intangible assets are more fully explained in Note 10 8 10 December 31, 2016.

Note 5 - Receivables, Net

Note 5 - Receivables, Net	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE 5 . RECEIVABLES , NET R eceivables, net are summarized below (in thousands): March 31, 201 7 December 31, 201 6 Trade $ 36,639 $ 32,137 Insurance 1,304 4,600 Income tax 1,948 2,258 Other 405 538 Total accounts receivable 40,296 39,533 Less allowance for doubtful accounts (746 ) (737 ) Receivables, net $ 39,550 $ 38,796

Note 6 - Inventory

Note 6 - Inventory	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE 6 . INVENTORY The major classes of inventory are summarized below (in thousands): March 31, 2017 December 31, 201 6 March 31, 2016 Fish meal $ 10,499 $ 30,511 $ 17,438 Fish oil 21,177 24,191 18,195 Fish solubles 707 834 317 Unallocated inventory cost pool (including off-season costs) 31,347 8,090 29,523 Other nutraceutical products 3,671 3,648 5,877 Bioriginal Food & Science products 25,842 24,699 19,819 Dairy protein products 5,750 6,424 8,919 Other materials and supplies 10,418 10,314 9,659 Total inventory $ 109,411 $ 108,711 $ 109,747 Inventory at March 31, 2017, December 31, 2016 March 31, 2016 March 31, 2017 2017

Note 7 - Prepaid Expenses and O

Note 7 - Prepaid Expenses and Other Current Assets	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Other Current Assets [Text Block]	NOTE 7 . PREPAID EXPENSES AND OTHER CURRENT ASSETS Prepaid expenses and other current assets are summarized below (in thousands): March 31 , 201 7 December 31, 201 6 Prepaid insurance $ 1,347 $ 1,707 Selling expenses 35 82 Leases 360 334 Energy swap 859 1,565 Other prepaids and expenses 1,545 1,019 Total prepaid expenses and other current assets $ 4,146 $ 4,707 Amounts included in prepaid expenses and other current assets consist primarily of prepaid operating expenses including insurance, rents, and selling expenses. Prepaid selling expenses are expensed in those periods in which the related revenue is recognized.

Note 8 - Other Assets, Net

Note 8 - Other Assets, Net	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Other Assets Disclosure [Text Block]	NOTE 8 . OTHER ASSETS , NET Other assets, net are summarized below (in thousands): March 31, 201 7 December 31, 201 6 Fish nets, net of accumulated amortization of $1, 371 and $1,069 $ 1,216 $ 1,346 Insurance receivables 2,303 2,571 Debt issuance costs 803 861 Energy swap 37 372 Note receivable 278 319 Asset held for sale — 91 Deposits and other 105 204 Total other assets, net $ 4,742 $ 5,764 Amortization expense for fishing nets amounted to approximately $0.3 three March 31, 2017 2016. As of March 31, 2017 December 31, 2016, may The Company carries insurance for certain losses relating to its fishing vessels and Jones Act liability for employees aboard its vessels (collectively, “Vessel Claims Insurance”). The typical Vessel Claims Insurance policy contains an annual aggregate deductible (“AAD”) for which Omega Protein remains responsible, while the insurance carrier is responsible for all applicable amounts which exceed the AAD. It is Omega Protein ’s policy to accrue current amounts due and record amounts paid out on each claim. Once payments exceed the AAD, Omega Protein records an insurance receivable for a given policy year.

Note 9 - Property, Plant and Eq

Note 9 - Property, Plant and Equipment, Net	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	NOTE 9 . PROPERTY , PLANT AND EQUIPMENT , NET Property, plant and equipment, net are summarized below (in thousands): March 31, 2017 December 31, 201 6 Land $ 9,458 $ 9,458 Plant assets 206,854 206,897 Fishing vessels 128,211 127,149 Furniture and fixtures 15,121 15,240 Construction in progress 34,018 23,134 Total property and equipment 393,662 381,878 Less accumulated depreciation and impairment (198,187 ) (193,254 ) Property, plant and equipment, net $ 195,475 $ 188,624 Depreciation expense for the three March 31, 2017 2016 $5.7 $5.4 The Company capitalizes interest as part of the acquisition cost of a qualifying asset. Interest is capitalized only during the period of time required to complete and prepare the asset for its intended use. For each of the three March 31, 2017 2016, $0 $0.1

Note 10 - Energy Swap Agreement

Note 10 - Energy Swap Agreements	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	NOTE 10 . ENERGY SWAP AGREEMENTS Energy Swap Agreements The Company does not enter into financial instruments for trading or speculative purposes. Omega Protein entered into energy swap agreements to manage portions of its cash flow exposure related to the volatility of natural gas, diesel and propane energy prices for its fish meal and fish oil production operations. The swaps effectively fix pricing for the quantities listed below during the consumption periods. Energy Swap Consumption Period Quantity Price Per Unit Energy Swap Asset/(Liability) as of March 31, 2017 Deferred Tax Asset/(Liability) as of March 31, 201 7 (in thousands) Diesel - NYMEX Heating Oil Swap May - November, 2017 2, 916,460 Gallons $ 1.48 $ 263 $ (92 ) Natural Gas - NYMEX Natural Gas Swap April – October, 2017 447,000 MMBTUs $ 2.87 187 (65 ) Propane – Natural Gas Liquids Swap June - November, 2017 2,566,800 Gallons $ 0.45 409 (143 ) Diesel - NYMEX Heating Oil Swap May - November, 2018 2,216,000 Gallons $ 1.64 (21 ) 7 Natural Gas - NYMEX Natural Gas Swap April – October, 2018 322,500 MMBTUs $ 2.83 5 (2 ) Propane – Natural Gas Liquids Swap June - November, 2018 2,131,000 Gallons $ 0.55 50 (18 ) Diesel - NYMEX Heating Oil Swap May - November, 201 9 1,083,500 Gallons $ 1.71 (60 ) 21 Natural Gas - NYMEX Natural Gas Swap April – October, 2019 258,200 MMBTUs $ 2.76 (11 ) 4 Propane – Natural Gas Liquids Swap June - November, 201 9 1,172,500 Gallons $ 0.58 (33 ) 12 $ 789 $ (276 ) Energy Swap Consumption Period Quantity Price Per Unit Energy Swap Asset/(Liability) as of December 31, 2016 Deferred Tax Asset/(Liability) as of December 31, 2016 (in thousands) Diesel - NYMEX Heating Oil Swap May - November, 2017 2,732,960 Gallons $ 1.47 $ 717 $ (251 ) Natural Gas - NYMEX Natural Gas Swap April – October, 2017 375,700 MMBTUs $ 2.85 268 (94 ) Propane – Natural Gas Liquids Swap June - November, 2017 2,566,800 Gallons $ 0.45 543 (190 ) Diesel - NYMEX Heating Oil Swap May - November, 2018 1,800,000 Gallons $ 1.65 216 (75 ) Natural Gas - NYMEX Natural Gas Swap April – October, 2018 283,400 MMBTUs $ 2.84 22 (8 ) Propane – Natural Gas Liquids Swap June - November, 2018 1,470,000 Gallons $ 0.53 171 (60 ) $ 1,937 $ (678 ) As of March 31, 201 7, $0.1 $0.9 $0.3 December 31, 2016, $0.4 $1.5 $0.7 March 31, 2017 Three Months Ended March 31 , 201 7 201 6 Beginning balance $ 1,261 $ (2,012 ) Net change associated with current period swap transactions, net of tax (748 ) 118 Balance as of March 31, $ 513 $ (1,894 ) The $ 0.5 March 31, 2017 12 $0.6 The following table illustrates the fair value of derivative instruments in gross asset (liability) positions (in thousands): As of March 31, 201 7 Gross Amounts of Recognized Assets (Liabilities) Gross Amounts of Assets (Liabilities) Offset Net Amounts of Assets (Liabilities) Presented in the Balance Sheet Energy swap derivatives – asset position $ 1,031 $ (135 ) $ 896 Energy swap derivatives – liability position $ (116 ) $ 9 $ (107 ) As of December 31, 201 6 Gross Amounts of Recognized Assets (Liabilities) Gross Amounts of Assets (Liabilities) Offset Net Amounts of Assets (Liabilities) Presented in the Balance Sheet Energy swap derivatives – asset position $ 1,962 $ (25 ) $ 1,937 If, at any time, the swaps are determined to be ineffective due to changes in the Company ’s energy usage, price correlations or underlying hedge agreements or assumptions, the fair value of the portion of the energy swaps determined to be ineffective will be recognized as a gain or loss in cost of sales for the applicable period. The fair value of all outstanding derivatives is determined using a model with inputs that are observable in the market or can be derived from or corroborated by observable data (level 2).

Note 11 - Notes Payable and Lon

Note 11 - Notes Payable and Long-term Debt	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Long-term Debt [Text Block]	NOTE 1 1 . NOTES PAYABLE AND LONG-TERM DEBT The Company's long-term debt is summarized in the table below (in thousands): March 31, 201 7 December 31, 2016 ING Commercial Finance B.V., interest at EURIBOR plus an applicable rate (1.64% at March 31, 2017 and 1.67% at December 31, 2016) $ 1,439 $ 1,097 Total debt 1,439 1,097 Less current maturities (1,439 ) (1,097 ) Long-term debt $ — $ — The estimated fair value of the Company ’s total debt at March 31, 2017 December 31, 2016, 2), On August 20, 2015 Second Amended and Restated Loan Agreement (the “Loan Agreement”) with Wells Fargo Bank, National Association, as administrative agent (the “Agent”) for the lenders (currently Wells Fargo Bank, N.A., JP Morgan Chase Bank, N.A. and BMO Harris Bank, N.A.) (collectively, the “Lenders”) pursuant to which the Lenders agreed to extend credit to the Company in the form of loans (each a “Loan” and collectively, the “Loans”) on a revolving basis of up to $125.0 $95.0 $30.0 and certain subsidiaries, including Bioriginal Food & Science, in U.S. Dollars or Canadian Dollars. The Commitment includes a sub-facility for swingline loans up to an amount not to exceed $10.0 $20.0 Bioriginal Food & Science up to an amount not to exceed $7.5 $75.0 The Loan Agreement amended and restated the Company’s existing senior secured credit facility (the “Prior Loan Agreement”). The proceeds of the Loan Agreement were and are expected to be used, as applicable, to (a) refinance existing debt under the Prior Loan Agreement, (b) pay fees and expenses incurred in connection with the refinancing of the Prior Loan Agreement and the entry into the Loan Agreement, (c) refinance certain debt owed to HSBC Bank Canada pursuant to an agreement that has been terminated, and (d) provide ongoing working capital and for other general corporate purposes of the Company and its subsidiaries. As of March 31, 2017, August 2020 . As of March 31, 2017 December 31, 2016, $0 $8.6 In March 2015, March 31, 2018. Advances are repayable on demand and bear interest payable monthly at 1.75% 1.64%). 85% 60% March 31, 2017 December 31, 2016, $1.4 $1.1 The Company ’s notes payable and long-term debt are more fully explained in Note 11 8 10 December 31, 2016.

Note 12 - Accrued Liabilities

Note 12 - Accrued Liabilities	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	NOTE 1 2. Accrued liabilities are summarized below (in thousands): March 31, 201 7 December 31, 201 6 Insurance $ 5,685 $ 9,352 Salary and benefits 6,466 11,677 Trade creditors 8,444 11,139 Taxes, other than income tax 971 523 Income tax 467 943 Biorigin al earn-out 2,645 2,622 Deferred revenue ( 1) 761 1,299 Accrued interest 12 12 Other 426 361 Total accrued liabilities $ 25,877 $ 37,928 (1) Deferred revenue represents payments primarily received from international customers related to revenues which were not recognized until the subsequent period due to revenue recognition criteria.

Note 13 - Commitments and Conti

Note 13 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 1 3 . COMMITMENTS AND CONTINGENCIES Bioriginal Food & Science Contingency In September 2014, ’s business. In addition to the acquisition date cash purchase price and restricted stock, the management sellers will also earn additional amounts based on the annual adjusted Canadian dollar EBITDA of Bioriginal Food & Science’s business during each of the calendar years 2014 2016. $1.2 $2.9 2014, 2015 2016, three $3.5 The earn-out payment will be made in September 2017. March 31, 2017 December 31, 2016 $2.6 Legal Contingencies The Company is subject to various claims , lawsuits, investigations, inquiries and probation conditions involving its business and operations. Management believes that costs relating to these matters, if any, will not have a material adverse effect on the results of operations, cash flows or financial position of the Company, except as set forth below. In March April 2017, three two One one may In October 2016, May 2010 November 2015 In December 2016, In December 2016, two $1.0 three January 2020, $0.2 January 18, 2017. In December 2016, June 2013 two June 4, 2016 June 4, 2018. two three

Note 14 - Reconciliation of Bas

Note 14 - Reconciliation of Basic and Diluted Per Share Data	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 14. Basic earnings per share is calculated by dividing net income allocated to common shares outstanding by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share assumes the exercise of stock options provided the effect is not anti-dilutive. The Company grants certain incentive compensation awards, including restricted stock, to employees and non-employee directors that are considered to be participating securities. Due to the presence of participating securities, earnings per share is calculated using the two Three Months Ended March 3 1 : 201 7 201 6 Allocation of earnings: Net income $ 6,080 $ 8,380 Income allocated to participating securities (81 ) (137 ) Income allocated to common shares outstanding $ 5,999 $ 8,243 Weighted average common shares outstanding 22,124 21,861 Basic earnings per share $ 0.27 $ 0.38 Stock options assumed exercised 304 307 Weighted average diluted common shares and potential common share equivalents outstanding 22,428 22,168 Diluted earnings per share $ 0.27 $ 0.37 There were no three March 31, 2017 2016

Note 15 - Stock-based Compensat

Note 15 - Stock-based Compensation	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 1 5 . STOCK-BASED COMPENSATION Restricted Stock The Company has issued shares of restricted stock under the 2015 2006 third three six two 14 During the three March 31, 201 7 2016, 37,426 48,425 2015 $0.5 ( $0.3 three March 31, 2017 2016, March 31, 2017, $2.2 ($1.4 0.7 $1.1 ($0.7 2017. Performance Units On February 26, 2015, March 8, 2016 and February 27, 2017, 2000 third 3 The Company ’s compensation expense related to performance units was approximately $0.2 ( $0.1 three March 31, 2017 2016, March 31, 2017, $2.8 ($1.8 2.1 $1.2 ($0.8 2017.

Note 16 - Components of Net Per

Note 16 - Components of Net Periodic Benefit Cost	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	NOTE 1 6 . COMPONENTS OF NET PERIODIC BENEFIT COST Three Months Ended March 31, 201 7 201 6 (in thousands) Service cost $ — $ — Interest cost 223 251 Expected return on plan assets (185 ) (212 ) Amortization of prior service costs — — Amortization of net loss 307 341 Net periodic pension cost $ 345 $ 380 For the three March 31, 2017 2016, $0.1 $0.2 $0.4 2017.

Note 17 - Income Taxes

Note 17 - Income Taxes	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 1 7 . INCOME TAXES The Company generally determines, with the exception of certain nonrecurring items, its periodic income tax benefit or expense based upon the current period income and the annual estimated tax rate for the Company adjusted for any change to prior period estimates. The estimated tax rate is revised, if necessary, as of the end of each successive interim period during the fiscal year to the Company’s current annual estimated tax rate. For the three March 31, 2017, 30.8%, 35.5% three March 31, 2016. 35% three March 31, 2017 2016. three March 31, 2017 2016 09. $0.3 3.8%.

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Business Description Omega Protein Corporation (the “Company”) is a nutritional products company that develops, produces and delivers products throughout the world to improve the nutritional integrity of foods, dietary supplements and animal feeds. The Company operates through two The animal nutrition segment is comprised primarily of two ’s principal operating subsidiary, is the successor to a business conducted since 1913. third The human nutrition segment operates under the “tera ’s ® three three September 2014 2013, Basis of Presentation These interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information, the instructions to Quarterly Report on Form 10 10 01 the Company’s Annual Report on Form 10 December 31, 2016. In the opinion of management , the accompanying unaudited condensed consolidated financial statements reflect all adjustments (consisting only of normal recurring adjustments) necessary for a fair statement of the Company’s consolidated financial position as of March 31, 2017, three March 31, 2017 2016. may December 31, 2017.
Stockholders' Equity, Policy [Policy Text Block]	Accumulated Other Comprehensive Loss The components of accumulated other comprehensive gain (loss) included in stockholders’ equity are as follows: Changes in Accumulated Other Comprehensive Loss by Component For the Three Months Ended March 31, 2017 (in thousands) Gains and Losses On Cash Flow Hedges Defined Benefit Pension Items Foreign Currency Translation Adjustment Total Balance as of December 31, 201 6 $ 1,261 $ (7,457 ) $ (2,357 ) $ (8,553 ) Other comprehensive gain (loss) before reclassifications (748 ) — 77 (671 ) Amounts reclassified from accumulated other comprehensive loss — (a) 200 (b) — 200 Net current-period other comprehensive income (748 ) 200 77 (471 ) Balance as of March 31, 201 7 $ 513 $ (7,257 ) $ (2,280 ) $ (9,024 ) Changes in Accumulated Other Comprehensive Loss by Component For the Three Months Ended March 31, 2016 (in thousands) Gains and Losses On Cash Flow Hedges Defined Benefit Pension Items Foreign Currency Translation Adjustment Total Balance as of December 31, 2015 $ (2,012 ) $ (8,335 ) $ (2,691 ) $ (13,038 ) Other comprehensive gain (loss) before reclassifications 118 — 725 843 Amounts reclassified from accumulated other comprehensive loss — (a) 222 (b) — 222 Net current-period other comprehensive income 118 222 725 1,065 Balance as of March 31, 2016 $ (1,894 ) $ (8,113 ) $ (1,966 ) $ (11,973 ) (a) This accumulated other comprehensive income component is reclassified to the unallocated inventory cost pool in the period when the energy consumption takes place. ( b) This accumulated other comprehensive income component is included in the computation of net periodic pension costs as amortization of actuarial loss which are explained in more detail in Note 15 8 10 December 31, 2016.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued and Adopted Accounting Standards In March 2017, Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2017 07, Compensation – Retirement Benefits, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost 2017 07 . 2017 07 December 15, 2017, 2017 07 consolidated results of operations, financial position and related disclosures. In December 2016, 606, 606. The ASC is effective for the Company beginning January 1, 2018. ’s impact on its consolidated results of operations and financial condition. The Company has conducted initial contract reviews of the most significant contracts and is currently developing a project plan to conduct detailed contract reviews to determine necessary adjustments to existing accounting policies and to support a complete evaluation of the standard’s impact on the Company’s consolidated results of operations and financial condition. For the majority of the Company’s revenue arrangements, transactions are not accounted for under industry-specific guidance that will be superseded by the ASC and generally consist of a single performance obligation to transfer promised goods. Additionally, there are expanded disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customers which the Company is also developing as it works through the project plan. Given that the Company ’s assessment is still in progress, the Company is still evaluating the potential impact of the implementation of this new guidance on the Company’s consolidated financial position or results of operations. The Company currently anticipates utilizing the modified retrospective method of adoption on January 1, 2018. In March 2016, 2016 09, Compensation – Stock Compensation, Improvements to Employee Share-Based Payment Accounting. ASU 2016 09 2016 09 2016 09 January 1, 2017, $0.3 $0.3 as compared to the presentation for the three March 31, 2016. In February 2016, 2016 02, 2016 02 2016 02 January 1, 2019 ’s consolidated results of operations, financial position and related disclosures. In November 2015, FASB issued ASU 2015 17 , Balance Sheet Classification of Deferred Taxes 2015 17 January 1, 2017, which netted the December 31, 2016 $3.4 $29.1 $25.7
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency Translations All amounts are expressed in U.S. Dollars unless otherwise indicated. The U.S. Dollar is the functional currency of Bioriginal Food & Science ’s Canadian-based subsidiaries (“Bioriginal Food & Science Canada”). Monetary assets and liabilities denominated in foreign currencies are translated into U.S. Dollars at exchange rates in effect at the balance sheet date. Non-monetary items are translated at rates of exchange in effect when the assets were acquired or obligations incurred. Revenue and expenses are translated at average rates in effect in the period of the transaction. Foreign exchange gains and losses are included in the consolidated statement of comprehensive income. The Euro is the functional currency of Bioriginal Food & Science ’s Netherlands-based subsidiaries (“Bioriginal Food & Science Europe”). The operations of these subsidiaries are considered self-sustaining and their financial statements are translated into U.S. Dollars using the current rate method. Under this method, all assets and liabilities are translated to U.S. Dollars at exchange rates in effect at the balance sheet date and all revenue and expenses are translated at rates in effect at the time of the transactions. Exchange gains and losses arising from this translation, representing the net unrealized foreign currency translation gain (loss) on the Company's net investment in its self-sustaining subsidiaries, are recorded in the accumulated other comprehensive income (loss) component of stockholders' equity. Adjustments to the accumulated other comprehensive income (loss) account are not recorded in the consolidated statement of comprehensive income until realized through an addition or reduction in the Company's net investment in such operations.

Note 1 - Significant Accounti25

Note 1 - Significant Accounting Policies Summary of Operations and Basis of Presentation (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Changes in Accumulated Other Comprehensive Loss by Component For the Three Months Ended March 31, 2017 (in thousands) Gains and Losses On Cash Flow Hedges Defined Benefit Pension Items Foreign Currency Translation Adjustment Total Balance as of December 31, 201 6 $ 1,261 $ (7,457 ) $ (2,357 ) $ (8,553 ) Other comprehensive gain (loss) before reclassifications (748 ) — 77 (671 ) Amounts reclassified from accumulated other comprehensive loss — (a) 200 (b) — 200 Net current-period other comprehensive income (748 ) 200 77 (471 ) Balance as of March 31, 201 7 $ 513 $ (7,257 ) $ (2,280 ) $ (9,024 ) Changes in Accumulated Other Comprehensive Loss by Component For the Three Months Ended March 31, 2016 (in thousands) Gains and Losses On Cash Flow Hedges Defined Benefit Pension Items Foreign Currency Translation Adjustment Total Balance as of December 31, 2015 $ (2,012 ) $ (8,335 ) $ (2,691 ) $ (13,038 ) Other comprehensive gain (loss) before reclassifications 118 — 725 843 Amounts reclassified from accumulated other comprehensive loss — (a) 222 (b) — 222 Net current-period other comprehensive income 118 222 725 1,065 Balance as of March 31, 2016 $ (1,894 ) $ (8,113 ) $ (1,966 ) $ (11,973 )

Note 2 - Plant Closures (Tables

Note 2 - Plant Closures (Tables)	3 Months Ended
	Mar. 31, 2017
Cameron, Louisiana Menhaden Processing Plant [Member]
Notes Tables
Disposal Groups, Including Discontinued Operations [Table Text Block]	Three Months Ended March 31, 2017 Three Months Ended March 31, 2016 December 2013 to March 31, 2017 (in thousands) Impairment of property, plant and equipment $ — $ — $ 7,922 Write-off material and supplies inventory — — 150 Employee severance costs — — 732 Estimated decommissioning costs — — 250 Other ongoing closure costs not attributable to future production — 37 6,405 Total loss related to plant closure $ — $ 37 $ 15,459
Batvia, Illinois Oil Concentration Facility [Member]
Notes Tables
Disposal Groups, Including Discontinued Operations [Table Text Block]	Three Months Ended March 31, 201 7 Three Months Ended March 31, 2016 December 2015 to March 31, 2017 (in thousands) Impairment of property, plant and equipment $ — $ 10 $ 5,892 Write-off material and supplies inventory — 239 575 Employee severance costs — 356 611 Other closure costs — — 74 Total loss related to plant closure $ — $ 605 $ 7,152

Note 3 - Industry Segments (Tab

Note 3 - Industry Segments (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	201 7 Animal Nutrition Human Nutrition Unallocated Total Revenue (1) $ 39,941 $ 33,628 $ — $ 73,569 Cost of sales 25,803 27,575 — 53,378 Gross profit 14,138 6,053 — 20,191 Selling, general and administrative expenses (including research and development) 555 3,656 6,563 10,774 (Gain) loss on disposal of assets (396 ) 11 — (385 ) Operating income (loss) $ 13,979 $ 2,386 $ (6,563 ) $ 9,802 Depreciation and amortization $ 5,056 $ 1,236 $ 237 $ 6,529 Identifiable assets $ 252,012 $ 137,768 $ 30,582 $ 420,362 Capital expenditures $ 13,820 $ 35 $ — $ 13,855 2016 Animal Nutrition Human Nutrition Unallocated Total Revenue ( 2 ) $ 50,195 $ 34,648 $ — $ 84,843 Cost of sales 29,749 30,275 — 60,024 Gross profit 20,446 4,373 — 24,819 Selling, general and administrative expenses (including research and development) 486 4,136 4,947 9,569 Loss related to plant closure s 37 605 — 642 Loss on disposal of assets (35 ) — — (35 ) Operating income (loss) $ 19,958 $ (368 ) $ (4,947 ) $ 14,643 Depreciation and amortization $ 4,670 $ 1,354 $ 192 $ 6,216 Identifiable assets $ 243,639 $ 156,770 $ 5,962 $ 406,371 Capital expenditures $ 8,462 $ 1,075 $ 167 $ 9,704
Reconciliation of Operating Income to Total Earnings before Income Taxes [Table Text Block]	Three Months Ended March 31, 201 7 201 6 Operating income for reportable segments $ 16,365 $ 19,590 Unallocated o perating loss (6,563 ) (4,947 ) Interest expense (81 ) (145 ) Loss on foreign currency (888 ) (1,431 ) Other expense, net (50 ) (79 ) Income before income taxes $ 8,783 $ 12,988

Note 4 - Goodwill and Other I28

Note 4 - Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Goodwill [Table Text Block]	Bioriginal Food & Science January 1, 201 7 $ 26,347 Foreign currency translation adjustment 70 March 31, 201 7 $ 26,417 (1)
Schedule of Intangible Assets Other Than Goodwill [Table Text Block]	Balance at January 1, 201 7 Amortization Foreign currency translation adjustment Balance at March 31, 201 7 Customer relationships and brand names, net of accumulated amortization of $ 6,275 and $6,793, respectively $ 14,259 (518 ) 41 $ 13,782 Indefinite life intangibles – trade names/secrets and other 3,245 — 8 3,253 Total intangible assets $ 17,504 (518 ) 49 $ 17,035 Balance at January 1, 2016 Reclassified Amortization Foreign currency translation adjustment Balance at March 31, 2016 Customer relationships and brand names, net of accumulated amortization of $4,230 and $4,724, respectively $ 14,851 362 (494 ) 71 $ 14,790 Indefinite life intangibles – trade names/secrets and other 5,256 (362 ) — 32 4,926 Total intangible assets $ 20,107 — (494 ) 103 $ 19,716
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Remainder of 201 7 $ 1,555 201 8 2,074 201 9 2,074 20 20 2,074 2021 1,694 Thereafter 4,311 Total estimated future amortization expense $ 13,782

Note 5 - Receivables, Net (Tabl

Note 5 - Receivables, Net (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	March 31, 201 7 December 31, 201 6 Trade $ 36,639 $ 32,137 Insurance 1,304 4,600 Income tax 1,948 2,258 Other 405 538 Total accounts receivable 40,296 39,533 Less allowance for doubtful accounts (746 ) (737 ) Receivables, net $ 39,550 $ 38,796

Note 6 - Inventory (Tables)

Note 6 - Inventory (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Inventory, Current [Table Text Block]	March 31, 2017 December 31, 201 6 March 31, 2016 Fish meal $ 10,499 $ 30,511 $ 17,438 Fish oil 21,177 24,191 18,195 Fish solubles 707 834 317 Unallocated inventory cost pool (including off-season costs) 31,347 8,090 29,523 Other nutraceutical products 3,671 3,648 5,877 Bioriginal Food & Science products 25,842 24,699 19,819 Dairy protein products 5,750 6,424 8,919 Other materials and supplies 10,418 10,314 9,659 Total inventory $ 109,411 $ 108,711 $ 109,747

Note 7 - Prepaid Expenses and31

Note 7 - Prepaid Expenses and Other Current Assets (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Other Current Assets [Table Text Block]	March 31 , 201 7 December 31, 201 6 Prepaid insurance $ 1,347 $ 1,707 Selling expenses 35 82 Leases 360 334 Energy swap 859 1,565 Other prepaids and expenses 1,545 1,019 Total prepaid expenses and other current assets $ 4,146 $ 4,707

Note 8 - Other Assets, Net (Tab

Note 8 - Other Assets, Net (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Other Assets [Table Text Block]	March 31, 201 7 December 31, 201 6 Fish nets, net of accumulated amortization of $1, 371 and $1,069 $ 1,216 $ 1,346 Insurance receivables 2,303 2,571 Debt issuance costs 803 861 Energy swap 37 372 Note receivable 278 319 Asset held for sale — 91 Deposits and other 105 204 Total other assets, net $ 4,742 $ 5,764

Note 9 - Property, Plant and 33

Note 9 - Property, Plant and Equipment, Net (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Property, Plant and Equipment [Table Text Block]	March 31, 2017 December 31, 201 6 Land $ 9,458 $ 9,458 Plant assets 206,854 206,897 Fishing vessels 128,211 127,149 Furniture and fixtures 15,121 15,240 Construction in progress 34,018 23,134 Total property and equipment 393,662 381,878 Less accumulated depreciation and impairment (198,187 ) (193,254 ) Property, plant and equipment, net $ 195,475 $ 188,624

Note 10 - Energy Swap Agreeme34

Note 10 - Energy Swap Agreements (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Changes in Accumulated Other Comprehensive Loss, Net of Tax [Table Text Block]	Three Months Ended March 31 , 201 7 201 6 Beginning balance $ 1,261 $ (2,012 ) Net change associated with current period swap transactions, net of tax (748 ) 118 Balance as of March 31, $ 513 $ (1,894 )
Offsetting Assets and Liabilities [Table Text Block]	As of March 31, 201 7 Gross Amounts of Recognized Assets (Liabilities) Gross Amounts of Assets (Liabilities) Offset Net Amounts of Assets (Liabilities) Presented in the Balance Sheet Energy swap derivatives – asset position $ 1,031 $ (135 ) $ 896 Energy swap derivatives – liability position $ (116 ) $ 9 $ (107 ) As of December 31, 201 6 Gross Amounts of Recognized Assets (Liabilities) Gross Amounts of Assets (Liabilities) Offset Net Amounts of Assets (Liabilities) Presented in the Balance Sheet Energy swap derivatives – asset position $ 1,962 $ (25 ) $ 1,937
Diesel, Natural Gas, and Propane Energy Swap [Member]
Notes Tables
Schedule of Derivative Instruments [Table Text Block]	Energy Swap Consumption Period Quantity Price Per Unit Energy Swap Asset/(Liability) as of March 31, 2017 Deferred Tax Asset/(Liability) as of March 31, 201 7 (in thousands) Diesel - NYMEX Heating Oil Swap May - November, 2017 2, 916,460 Gallons $ 1.48 $ 263 $ (92 ) Natural Gas - NYMEX Natural Gas Swap April – October, 2017 447,000 MMBTUs $ 2.87 187 (65 ) Propane – Natural Gas Liquids Swap June - November, 2017 2,566,800 Gallons $ 0.45 409 (143 ) Diesel - NYMEX Heating Oil Swap May - November, 2018 2,216,000 Gallons $ 1.64 (21 ) 7 Natural Gas - NYMEX Natural Gas Swap April – October, 2018 322,500 MMBTUs $ 2.83 5 (2 ) Propane – Natural Gas Liquids Swap June - November, 2018 2,131,000 Gallons $ 0.55 50 (18 ) Diesel - NYMEX Heating Oil Swap May - November, 201 9 1,083,500 Gallons $ 1.71 (60 ) 21 Natural Gas - NYMEX Natural Gas Swap April – October, 2019 258,200 MMBTUs $ 2.76 (11 ) 4 Propane – Natural Gas Liquids Swap June - November, 201 9 1,172,500 Gallons $ 0.58 (33 ) 12 $ 789 $ (276 ) Energy Swap Consumption Period Quantity Price Per Unit Energy Swap Asset/(Liability) as of December 31, 2016 Deferred Tax Asset/(Liability) as of December 31, 2016 (in thousands) Diesel - NYMEX Heating Oil Swap May - November, 2017 2,732,960 Gallons $ 1.47 $ 717 $ (251 ) Natural Gas - NYMEX Natural Gas Swap April – October, 2017 375,700 MMBTUs $ 2.85 268 (94 ) Propane – Natural Gas Liquids Swap June - November, 2017 2,566,800 Gallons $ 0.45 543 (190 ) Diesel - NYMEX Heating Oil Swap May - November, 2018 1,800,000 Gallons $ 1.65 216 (75 ) Natural Gas - NYMEX Natural Gas Swap April – October, 2018 283,400 MMBTUs $ 2.84 22 (8 ) Propane – Natural Gas Liquids Swap June - November, 2018 1,470,000 Gallons $ 0.53 171 (60 ) $ 1,937 $ (678 )

Note 11 - Notes Payable and L35

Note 11 - Notes Payable and Long-term Debt (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Debt [Table Text Block]	March 31, 201 7 December 31, 2016 ING Commercial Finance B.V., interest at EURIBOR plus an applicable rate (1.64% at March 31, 2017 and 1.67% at December 31, 2016) $ 1,439 $ 1,097 Total debt 1,439 1,097 Less current maturities (1,439 ) (1,097 ) Long-term debt $ — $ —

Note 12 - Accrued Liabilities (

Note 12 - Accrued Liabilities (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	March 31, 201 7 December 31, 201 6 Insurance $ 5,685 $ 9,352 Salary and benefits 6,466 11,677 Trade creditors 8,444 11,139 Taxes, other than income tax 971 523 Income tax 467 943 Biorigin al earn-out 2,645 2,622 Deferred revenue ( 1) 761 1,299 Accrued interest 12 12 Other 426 361 Total accrued liabilities $ 25,877 $ 37,928

Note 14 - Reconciliation of B37

Note 14 - Reconciliation of Basic and Diluted Per Share Data (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended March 3 1 : 201 7 201 6 Allocation of earnings: Net income $ 6,080 $ 8,380 Income allocated to participating securities (81 ) (137 ) Income allocated to common shares outstanding $ 5,999 $ 8,243 Weighted average common shares outstanding 22,124 21,861 Basic earnings per share $ 0.27 $ 0.38 Stock options assumed exercised 304 307 Weighted average diluted common shares and potential common share equivalents outstanding 22,428 22,168 Diluted earnings per share $ 0.27 $ 0.37

Note 16 - Components of Net P38

Note 16 - Components of Net Periodic Benefit Cost (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Net Benefit Costs [Table Text Block]	Three Months Ended March 31, 201 7 201 6 (in thousands) Service cost $ — $ — Interest cost 223 251 Expected return on plan assets (185 ) (212 ) Amortization of prior service costs — — Amortization of net loss 307 341 Net periodic pension cost $ 345 $ 380

Note 1 - Significant Accounti39

Note 1 - Significant Accounting Policies Summary of Operations and Basis of Presentation (Details Textual) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)
Number of Operating Segments	2
Income Tax Expense (Benefit)	$ 2,703	$ 4,608
Deferred Tax Liabilities, Net, Noncurrent	29,019		$ 25,678
Scenario, Previously Reported [Member]
Deferred Tax Assets, Net of Valuation Allowance, Current			3,400
Deferred Tax Liabilities, Net, Noncurrent			$ 29,100
Accounting Standards Update 2016-09 [Member]
Income Tax Expense (Benefit)	(300)
Excess Tax Benefit from Share-based Compensation, Operating Activities	$ 300
Animal Nutrition [Member]
Number of Subsidiaries	2
Human Nutrition [Member]
Number of Subsidiaries	3
Number of Product Lines	3

Note 1 - Significant Accounti40

Note 1 - Significant Accounting Policies Summary of Operations and Basis of Presentation - Changes in Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Balance	$ 336,687
Balance	341,230
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Balance	1,261	$ (2,012)
Other comprehensive gain (loss) before reclassifications	(748)	118
Amounts reclassified from accumulated other comprehensive loss
Net current-period other comprehensive income	(748)	118
Balance	513	(1,894)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Balance	(7,457)	(8,335)
Other comprehensive gain (loss) before reclassifications
Amounts reclassified from accumulated other comprehensive loss	200	222
Net current-period other comprehensive income	200	222
Balance	(7,257)	(8,113)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	(2,357)	(2,691)
Other comprehensive gain (loss) before reclassifications	77	725
Amounts reclassified from accumulated other comprehensive loss
Net current-period other comprehensive income	77	725
Balance	(2,280)	(1,966)
AOCI Attributable to Parent [Member]
Balance	(8,553)	(13,038)
Other comprehensive gain (loss) before reclassifications	(671)	843
Amounts reclassified from accumulated other comprehensive loss	200	222
Net current-period other comprehensive income	(471)	1,065
Balance	$ (9,024)	$ (11,973)

Note 2 - Plant Closures (Detail

Note 2 - Plant Closures (Details Textual) $ in Millions	Oct. 03, 2016USD ($)
Batvia, Illinois Oil Concentration Facility [Member]
Disposal Group, Including Discontinued Operation, Consideration	$ 0.5

Note 2 - Plant Closures - Charg

Note 2 - Plant Closures - Charges Incurred in Conjunction With Plant Closure, Batavia Plant (Details) - USD ($) $ in Thousands	3 Months Ended		16 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017
Loss related to plant closures		$ 642
Batavia, Illinois Oil Concentration Facility [Member]
Impairment of property, plant and equipment		10	$ 5,892
Write-off material and supplies inventory		239	575
Employee severance costs		356	611
Other closure costs			74
Loss related to plant closures		$ 605	$ 7,152

Note 2 - Plant Closures - Cha43

Note 2 - Plant Closures - Charges Incurred in Conjunction With Plant Closure, Cameron Plant (Details) - USD ($) $ in Thousands	3 Months Ended		40 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017
Loss related to plant closures		$ 642
Cameron, Louisiana Menhaden Processing Plant [Member]
Impairment of property, plant and equipment			$ 7,922
Write-off material and supplies inventory			150
Employee severance costs			732
Estimated decommissioning costs			250
Other closure costs		37	6,405
Loss related to plant closures		$ 37	$ 15,459

Note 3 - Industry Segments (Det

Note 3 - Industry Segments (Details Textual) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)		Mar. 31, 2016USD ($)
Number of Reportable Segments	2
Revenues	$ 73,569	[1]	$ 84,843	[2]
Intersegment Eliminations [Member]
Revenues	$ 400		$ 100
[1]	Excludes revenue from internal customers of $0.4 million for fish oil that was transferred from the animal nutrition segment to the human nutrition segment at cost.
[2]	Excludes revenue from internal customers of $0.1 million for fish oil that was transferred from the animal nutrition segment to the human nutrition segment at cost.

Note 3 - Industry Segments - Re

Note 3 - Industry Segments - Reported Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017		Mar. 31, 2016		Dec. 31, 2016
Revenue	$ 73,569	[1]	$ 84,843	[2]
Cost of sales	53,378		60,024
Gross profit	20,191		24,819
Selling, general and administrative expenses (including research and development)	10,774		9,569
(Gain) loss on disposal of assets	(385)		(35)
Operating income (loss)	9,802		14,643
Depreciation and amortization	6,529		6,216
Identifiable assets	420,362		406,371		$ 427,865
Capital expenditures	13,855		9,704
Loss related to plant closures			642
Operating Segments [Member]
Operating income (loss)	16,365		19,590
Operating Segments [Member] | Animal Nutrition [Member]
Revenue	39,941	[1]	50,195	[2]
Cost of sales	25,803		29,749
Gross profit	14,138		20,446
Selling, general and administrative expenses (including research and development)	555		486
(Gain) loss on disposal of assets	(396)		(35)
Operating income (loss)	13,979		19,958
Depreciation and amortization	5,056		4,670
Identifiable assets	252,012		243,639
Capital expenditures	13,820		8,462
Loss related to plant closures			37
Operating Segments [Member] | Human Nutrition [Member]
Revenue	33,628	[1]	34,648	[2]
Cost of sales	27,575		30,275
Gross profit	6,053		4,373
Selling, general and administrative expenses (including research and development)	3,656		4,136
(Gain) loss on disposal of assets	11
Operating income (loss)	2,386		(368)
Depreciation and amortization	1,236		1,354
Identifiable assets	137,768		156,770
Capital expenditures	35		1,075
Loss related to plant closures			605
Operating Segments [Member] | Unallocated [Member]
Revenue		[1]		[2]
Cost of sales
Gross profit
Selling, general and administrative expenses (including research and development)	6,563		4,947
(Gain) loss on disposal of assets
Operating income (loss)	(6,563)		(4,947)
Depreciation and amortization	237		192
Identifiable assets	30,582		5,962
Capital expenditures			167
Loss related to plant closures
[1]	Excludes revenue from internal customers of $0.4 million for fish oil that was transferred from the animal nutrition segment to the human nutrition segment at cost.
[2]	Excludes revenue from internal customers of $0.1 million for fish oil that was transferred from the animal nutrition segment to the human nutrition segment at cost.

Note 3 - Industry Segments - 46

Note 3 - Industry Segments - Reconciliation of Total Segment Operating Income to Total Earnings From Operations Before Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Operating income (loss)	$ 9,802	$ 14,643
Interest expense	(81)	(145)
Loss on foreign currency	(888)	(1,431)
Other expense, net	(50)	(79)
Income before income taxes	8,783	12,988
Operating Segments [Member]
Operating income (loss)	16,365	19,590
Operating Segments [Member] | Unallocated [Member]
Operating income (loss)	$ (6,563)	$ (4,947)

Note 4 - Goodwill and Other I47

Note 4 - Goodwill and Other Intangible Assets (Details Textual) - Bioriginal [Member] - Trade Names [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount			4.00%
Goodwill and Intangible Asset Impairment	$ 0.5	$ 0.5

Note 4 - Goodwill and Other I48

Note 4 - Goodwill and Other Intangible Assets - Changes in Carrying Amount of Goodwill Resulting From Acquisitions (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Goodwill balance	$ 26,347
Goodwill balance	26,417
Bioriginal [Member]
Goodwill balance	26,347
Foreign currency translation adjustment	70
Goodwill balance	$ 26,417	[1]
[1]	The calculated fair value of the Bioriginal Food & Science reporting unit exceeded its carrying value by 4% for the interim impairment test performed as of December 31, 2016.

Note 4 - Goodwill and Other I49

Note 4 - Goodwill and Other Intangible Assets - Intangible Assets Other Than Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Amortization of intangible assets	$ (518)	$ (494)
Total intangible assets	17,504	20,107
Total intangible assets, foreign currency translation adjustment	49	103
Total intangible assets	17,504	20,107
Total intangible assets	17,035	19,716
Trade Names, Trade Secrets and Other Intangible Assets [Member]
Indefinite-lived intangible assets	3,245	5,256
Indefinite life intangibles, foreign currency translation adjustment	8	32
Indefinite-lived intangible assets	3,245	5,256
Indefinite-lived intangible assets, reclassification		(362)
Indefinite-lived intangible assets	3,253	4,926
Customer Relationships and Brand Names [Member]
Finite-lived intangible assets	14,259	14,851
Amortization of intangible assets	(518)	(494)
Finite-lived intangible assets, foreign currency translation adjustment	41	71
Finite-lived intangible assets	14,259	14,851
Finite-lived intangible assets, reclassification		362
Finite-lived intangible assets	$ 13,782	$ 14,790

Note 4 - Goodwill and Other I50

Note 4 - Goodwill and Other Intangible Assets - Intangible Assets Other Than Goodwill (Details) (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Customer Relationships and Brand Names [Member]
Finite-lived intangible assets, accumulated amortization	$ 6,793	$ 6,275	$ 4,724	$ 4,230

Note 4 - Goodwill and Other I51

Note 4 - Goodwill and Other Intangible Assets - Future Amortization Expense (Details) $ in Thousands	Mar. 31, 2017USD ($)
Remainder of 2017	$ 1,555
2,018	2,074
2,019	2,074
2,020	2,074
2,021	1,694
Thereafter	4,311
Total estimated future amortization expense	$ 13,782

Note 5 - Receivables, Net - Sum

Note 5 - Receivables, Net - Summary of Receivables (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Trade	$ 36,639	$ 32,137
Insurance	1,304	4,600
Income tax	1,948	2,258
Other	405	538
Total accounts receivable	40,296	39,533
Less allowance for doubtful accounts	(746)	(737)
Receivables, net	$ 39,550	$ 38,796

Note 6 - Inventory - Classes of

Note 6 - Inventory - Classes of Inventory (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016
Unallocated inventory cost pool (including off-season costs)	$ 31,347	$ 8,090	$ 29,523
Other materials and supplies	10,418	10,314	9,659
Total inventory	109,411	108,711	109,747
Class, Fish Meal [Member]
Inventory, goods	10,499	30,511	17,438
Class, Fish Oil [Member]
Inventory, goods	21,177	24,191	18,195
Class, Fish Solubles [Member]
Inventory, goods	707	834	317
Class, Nutraceutical Products [Member]
Inventory, goods	3,671	3,648	5,877
Class, Bioriginal Essential Fatty Acid Products [Member]
Inventory, goods	25,842	24,699	19,819
Class, Dairy Protein Products [Member]
Inventory, goods	$ 5,750	$ 6,424	$ 8,919

Note 7 - Prepaid Expenses and54

Note 7 - Prepaid Expenses and Other Current Assets - Summary of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Prepaid insurance	$ 1,347	$ 1,707
Selling expenses	35	82
Leases	360	334
Derivative Asset, Current	859	1,565
Other prepaids and expenses	1,545	1,019
Total prepaid expenses and other current assets	$ 4,146	$ 4,707

Note 8 - Other Assets, Net (Det

Note 8 - Other Assets, Net (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Amortization	$ 0.3	$ 0.3

Note 8 - Other Assets, Net - Su

Note 8 - Other Assets, Net - Summary of Other Assets, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Other asset, net	$ 4,742	$ 5,764
Insurance receivables	2,303	2,571
Property, Leased Fishing Nets [Member]
Other asset, net	1,216	1,346
Other Debt Issuance Costs [Member]
Other asset, net	803	861
Energy Swap [Member]
Derivative Asset, Noncurrent	37	372
Notes Receivable [Member]
Other asset, net	278	319
Asset Held-for-Sale [Member]
Other asset, net		91
Deposits and Other [Member]
Other asset, net	$ 105	$ 204

Note 8 - Other Assets, Net - 57

Note 8 - Other Assets, Net - Summary of Other Assets, Net (Details) (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Property, Leased Fishing Nets [Member]
Fish nets, accumulated amortization	$ 1,371	$ 1,069

Note 9 - Property, Plant and 58

Note 9 - Property, Plant and Equipment, Net (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Depreciation	$ 5,700,000	$ 5,400,000
Interest Costs Capitalized	$ 0	$ 100,000

Note 9 - Property, Plant and 59

Note 9 - Property, Plant and Equipment, Net - Summary of Property, Plant and Equipment, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Property, plant, and equipment, gross	$ 393,662	$ 381,878
Less accumulated depreciation and impairment	(198,187)	(193,254)
Property, plant and equipment, net	195,475	188,624
Land [Member]
Property, plant, and equipment, gross	9,458	9,458
Equipment, Plant [Member]
Property, plant, and equipment, gross	206,854	206,897
Property, Fishing Vessels [Member]
Property, plant, and equipment, gross	128,211	127,149
Furniture and Fixtures [Member]
Property, plant, and equipment, gross	15,121	15,240
Construction in Progress [Member]
Property, plant, and equipment, gross	$ 34,018	$ 23,134

Note 10 - Energy Swap Agreeme60

Note 10 - Energy Swap Agreements (Details Textual) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Derivative Asset, Current	$ 859	$ 1,565
Accumulated Other Comprehensive Income (Loss), Unallocated Inventory Cost Pool, Net of Tax	500
Accumulated Other Comprehensive Income Reclassified to Inventory Cost	600
Energy Swap [Member]
Derivative Liability, Noncurrent	100
Derivative Asset, Current	900	1,500
Deferred Tax Liabilities, Derivatives	$ 300	700
Derivative Asset, Noncurrent		$ 400

Note 10 - Energy Swap Agreeme61

Note 10 - Energy Swap Agreements - Energy Swap Balances (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017USD ($)MMBTU$ / itemgal	Dec. 31, 2016USD ($)MMBTU$ / itemgal
NYMEX Heating Oil Swap, May - November, 2017 [Member]
Quantity Used During Consumption Period, Volume (Gallon) | gal	2,916,460	2,732,960
Price Per Unit (in USD per Per Share) | $ / item	1.48	1.47
Energy Swap Asset (Liability)	$ 263	$ 717
Deferred Tax Asset (Liability)	$ (92)	$ (251)
NYMEX Natural Gas Swap, April - October, 2017 [Member]
Price Per Unit (in USD per Per Share) | $ / item	2.87	2.85
Energy Swap Asset (Liability)	$ 187	$ 268
Deferred Tax Asset (Liability)	$ (65)	$ (94)
Quantity Used During Consumption Period, Energy (Millions of British Thermal Unit) | MMBTU	447,000	375,700
Natural Gas Liquids Swap, June - November, 2017 [Member]
Quantity Used During Consumption Period, Volume (Gallon) | gal	2,566,800	2,566,800
Price Per Unit (in USD per Per Share) | $ / item	0.45	0.45
Energy Swap Asset (Liability)	$ 409	$ 543
Deferred Tax Asset (Liability)	$ (143)	$ (190)
NYMEX Heating Oil Swap, May - November, 2018 [Member]
Quantity Used During Consumption Period, Volume (Gallon) | gal	2,216,000	1,800,000
Price Per Unit (in USD per Per Share) | $ / item	1.64	1.65
Energy Swap Asset (Liability)	$ (21)	$ 216
Deferred Tax Asset (Liability)	$ 7	$ (75)
NYMEX Natural Gas Swap, April - October, 2018 [Member]
Price Per Unit (in USD per Per Share) | $ / item	2.83	2.84
Energy Swap Asset (Liability)	$ 5	$ 22
Deferred Tax Asset (Liability)	$ (2)	$ (8)
Quantity Used During Consumption Period, Energy (Millions of British Thermal Unit) | MMBTU	322,500	283,400
Natural Gas Liquids Swap, June - November, 2018 [Member]
Quantity Used During Consumption Period, Volume (Gallon) | gal	2,131,000	1,470,000
Price Per Unit (in USD per Per Share) | $ / item	0.55	0.53
Energy Swap Asset (Liability)	$ 50	$ 171
Deferred Tax Asset (Liability)	$ (18)	(60)
NYMEX Heating Oil Swap, May - November, 2019 [Member]
Quantity Used During Consumption Period, Volume (Gallon) | gal	1,083,500
Price Per Unit (in USD per Per Share) | $ / item	1.71
Energy Swap Asset (Liability)	$ (60)
Deferred Tax Asset (Liability)	21
Energy Swap [Member]
Energy Swap Asset (Liability)	789	1,937
Deferred Tax Asset (Liability)	$ (276)	$ (678)
NYMEX Natural Gas Swap, April - October, 2019 [Member]
Price Per Unit (in USD per Per Share) | $ / item	2.76
Energy Swap Asset (Liability)	$ (11)
Deferred Tax Asset (Liability)	$ 4
Quantity Used During Consumption Period, Energy (Millions of British Thermal Unit) | MMBTU	258,200
Natural Gas Liquids Swap, June - November, 2019 [Member]
Quantity Used During Consumption Period, Volume (Gallon) | gal	1,172,500
Price Per Unit (in USD per Per Share) | $ / item	0.58
Energy Swap Asset (Liability)	$ (33)
Deferred Tax Asset (Liability)	$ 12

Note 10 - Energy Swap Agreeme62

Note 10 - Energy Swap Agreements - Changes Recorded, Net of Tax, in Accumulated Other Comprehensive Loss Resulting From the Energy Swap Agreements (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Balance	$ 336,687
Balance	341,230
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Balance	1,261	$ (2,012)
Net change associated with current period swap transactions, net of tax	(748)	118
Balance	$ 513	$ (1,894)

Note 10 - Energy Swap Agreeme63

Note 10 - Energy Swap Agreements - Gross Amounts, Gross Amounts Offset and Net Amounts of Assets Presented in Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Energy swap derivatives – asset position, gross		$ 1,962
Energy swap derivatives – asset position, gross amounts offset		(25)
Energy swap derivatives – asset position, net	$ (107)	1,937
Energy swap derivatives – liability position, gross	(116)
Energy swap derivatives – liability position, gross amounts offset	9
Energy swap derivatives – liability position, net	(107)	$ 1,937
Energy Swap Derivatives Held in Asset Position [Member]
Energy swap derivatives – asset position, gross	1,031
Energy swap derivatives – asset position, gross amounts offset	(135)
Energy swap derivatives – asset position, net	896
Energy swap derivatives – liability position, net	$ 896

Note 11 - Notes Payable and L64

Note 11 - Notes Payable and Long-term Debt (Details Textual) - USD ($)	1 Months Ended
	Mar. 31, 2015	Mar. 31, 2017	Dec. 31, 2016	Aug. 20, 2015
Line of Credit [Member] | ING Commercial Finance B.V. [Member] | Bioriginal [Member]
Long-term Line of Credit		$ 1,400,000	$ 1,100,000
Line of Credit Facility, Interest Rate at Period End		1.64%
Line of Credit Facility Secured by Accounts Receivable, Maximum Percentage	85.00%
Line of Credit Facility Secured by Inventory, Maximum Percentage	60.00%
Line of Credit [Member] | ING Commercial Finance B.V. [Member] | EURIBOR [Member] | Bioriginal [Member]
Debt Instrument, Basis Spread on Variable Rate	1.75%
Loan Agreement [Member]
Line of Credit Facility, Maximum Borrowing Capacity, Increase				$ 75,000,000
Long-term Line of Credit		$ 0	0
Letters of Credit Outstanding, Amount		$ 8,600,000	$ 8,600,000
Loan Agreement [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity				125,000,000
Loan Agreement [Member] | Revolving A Loans [Member]
Line of Credit Facility, Maximum Borrowing Capacity				95,000,000
Loan Agreement [Member] | Swingline Loans [Member] | Subfacility Arrangement [Member]
Line of Credit Facility, Maximum Borrowing Capacity				10,000,000
Loan Agreement [Member] | Standby Letters of Credit [Member] | Subfacility Arrangement [Member]
Line of Credit Facility, Maximum Borrowing Capacity				20,000,000
Loan Agreement [Member] | Standby or Commercial Letters of Credit [Member] | Subfacility Arrangement [Member]
Line of Credit Facility, Maximum Borrowing Capacity				7,500,000
Revolving B Loans [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity				$ 30,000,000

Note 11 - Notes Payable and L65

Note 11 - Notes Payable and Long-term Debt - Summary of Long-term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Long-term debt	$ 1,439	$ 1,097
Total debt	1,439	1,097
Less current maturities	(1,439)	(1,097)
Long-term debt
ING Commercial Finance B.V. Credit Facility [Member]
Long-term debt	1,439	1,097
Total debt	$ 1,439	$ 1,097

Note 11 - Notes Payable and L66

Note 11 - Notes Payable and Long-term Debt - Summary of Long-term Debt (Details) (Parentheticals)	Mar. 31, 2017	Dec. 31, 2016
ING Commercial Finance B.V. Credit Facility [Member]
Interest rate	1.64%	1.67%

Note 12 - Accrued Liabilities -

Note 12 - Accrued Liabilities - Summary of Accrued Liabilities (Details) - USD ($) $ in Thousands		Mar. 31, 2017	Dec. 31, 2016
Insurance		$ 5,685	$ 9,352
Salary and benefits		6,466	11,677
Trade creditors		8,444	11,139
Taxes, other than income tax		971	523
Income tax		467	943
Bioriginal earn-out		2,645	2,622
Deferred revenue	[1]	761	1,299
Accrued interest		12	12
Other		426	361
Total accrued liabilities		$ 25,877	$ 37,928
[1]	Deferred revenue represents payments primarily received from international customers related to revenues which were not recognized until the subsequent period due to revenue recognition criteria.

Note 13 - Commitments and Con68

Note 13 - Commitments and Contingencies (Details Textual) CAD in Millions, $ in Millions	Jan. 18, 2017USD ($)	Sep. 05, 2014CAD	Apr. 30, 2017	Mar. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2016CAD
Western District of Louisiana vs. Abbeville Subsidiary [Member] | Fine [Member]
Litigation Settlement, Amount Awarded to Other Party | $	$ 1
Western District of Louisiana vs. Abbeville Subsidiary [Member] | Community Service [Member] | Subsidiaries [Member]
Litigation Settlement, Amount Awarded to Other Party | $	$ 0.2
Subsequent Event [Member] | Class Action Lawsuits Filed Against Company and Two Officers [Member]
Loss Contingency, New Claims Filed, Number			3
Loss Contingency, Claims Dismissed, Number			1
Bioriginal [Member]
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High | CAD						CAD 3.5
Business Combination, Contingent Consideration Arrangements, Term of Earn Out Payments		3 years
Business Combination, Contingent Consideration, Liability | $				$ 2.6	$ 2.6
Bioriginal [Member] | Annual Earnout Payment [Member]
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, Low | CAD		CAD 1.2
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High | CAD		CAD 2.9

Note 14 - Reconciliation of B69

Note 14 - Reconciliation of Basic and Diluted Per Share Data (Details Textual) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0

Note 14 - Reconciliation of B70

Note 14 - Reconciliation of Basic and Diluted Per Share Data - Earnings Per Share Calculation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net income	$ 6,080	$ 8,380
Income allocated to participating securities	(81)	(137)
Income allocated to common shares outstanding	$ 5,999	$ 8,243
Weighted average common shares outstanding (in shares)	22,124	21,861
Basic earnings per share (in dollars per share)	$ 0.27	$ 0.38
Stock options assumed exercised (in shares)	304	307
Weighted average diluted common shares and potential common share equivalents outstanding (in shares)	22,428	22,168
Diluted earnings per share (in dollars per share)	$ 0.27	$ 0.37

Note 15 - Stock-based Compens71

Note 15 - Stock-based Compensation (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2017
The 2015 Incentive Plan [Member]
Stock Issued During Period, Shares, Restricted Stock Award, Gross	37,426	48,425
Restricted Stock [Member]
Allocated Share-based Compensation Expense	$ 0.5	$ 0.5
Allocated Share-based Compensation Expense, Net of Tax	0.3	0.3
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	2.2
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not Yet Recognized, Net	$ 1.4
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	255 days
Restricted Stock [Member] | Scenario, Forecast [Member]
Allocated Share-based Compensation Expense			$ 1.1
Allocated Share-based Compensation Expense, Net of Tax			0.7
Restricted Stock [Member] | Excluding Non-employee Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Restricted Stock [Member] | Non-employee Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	180 days
Performance Shares [Member]
Allocated Share-based Compensation Expense	$ 0.2	0.2
Allocated Share-based Compensation Expense, Net of Tax	0.1	$ 0.1
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	2.8
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not Yet Recognized, Net	$ 1.8
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 36 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Service Provision	3 years
Performance Shares [Member] | Scenario, Forecast [Member]
Allocated Share-based Compensation Expense			1.2
Allocated Share-based Compensation Expense, Net of Tax			$ 0.8

Note 16 - Components of Net P72

Note 16 - Components of Net Periodic Benefit Cost (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Payment for Pension Benefits	$ 0.1	$ 0.2
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year	$ 0.4

Note 16 - Components of Net P73

Note 16 - Components of Net Periodic Benefit Cost - Summary of Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Service cost
Interest cost	223	251
Expected return on plan assets	(185)	(212)
Amortization of prior service costs
Amortization of net loss	307	341
Net periodic pension cost	$ 345	$ 380

Note 17 - Income Taxes (Details

Note 17 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Effective Income Tax Rate Reconciliation, Percent	30.80%	35.50%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%	35.00%
Income Tax Expense (Benefit)	$ 2,703	$ 4,608
Accounting Standards Update 2016-09 [Member]
Income Tax Expense (Benefit)	$ (300)
Effective Income Tax Rate Reconciliation, Excess Tax Benefit of Equity Compensation Transactions, Percent	3.80%