Turning Point Brands (TPB) 10-Q 10 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Nov. 09, 2016
Entity Information [Line Items]
Entity Registrant Name	Turning Point Brands, Inc.
Entity Central Index Key	1,290,677
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Voting Common Stock [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		18,341,889

Consolidated Balance Sheets (un

Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Current assets:
Cash	$ 4,410	$ 4,835
Accounts receivable, net of allowances of $29 in 2016 and $137 in 2015	3,394	3,940
Inventories	51,744	44,339
Other current assets	9,276	10,838
Total current assets	68,824	63,952
Property, plant and equipment, net	5,952	5,603
Deferred financing costs, net	157	208
Goodwill	128,697	128,697
Other intangible assets, net	8,553	8,553
Master Settlement Agreement - escrow deposits	31,924	31,842
Other assets	627	3,608
Total assets	244,734	242,463
Current liabilities:
Accounts payable	3,556	4,087
Accrued expenses	9,927	11,053
Accrued interest expense	359	4,329
First lien term loan	1,650	1,650
Revolving credit facility	0	18
Total current liabilities	15,492	21,137
Notes payable and long-term debt	199,488	290,772
Deferred income taxes	7,060	7,013
Postretirement benefits	4,577	4,666
Pension benefits	314	487
Total liabilities	226,931	324,075
Commitments and contingencies
Stockholders' equity (deficit):
Preferred stock; $0.01 par value; authorized shares 40,000,000; issued shares -0-	0	0
Additional paid-in capital	104,822	12,628
Accumulated other comprehensive loss	(3,143)	(3,512)
Accumulated deficit	(84,059)	(90,800)
Total stockholders' equity (deficit)	17,803	(81,612)
Total liabilities and stockholders' equity (deficit)	244,734	242,463
Common Stock, Voting [Member]
Stockholders' equity (deficit):
Common stock	183	63
Common Stock, Nonvoting [Member]
Stockholders' equity (deficit):
Common stock	$ 0	$ 9

Consolidated Balance Sheets (u3

Consolidated Balance Sheets (unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Current assets:
Accounts receivable, allowance	$ 29	$ 137
Stockholders' equity (deficit):
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	40,000,000	40,000,000
Preferred stock, shares issued (in shares)	0	0
Common Stock, Voting [Member]
Stockholders' equity (deficit):
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	190,000,000	190,000,000
Common stock, shares issued (in shares)	18,342,312	6,259,480
Common Stock, Nonvoting [Member]
Stockholders' equity (deficit):
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	10,000,000	10,000,000
Common stock, shares issued (in shares)	0	938,857

Consolidated Statements of Inco

Consolidated Statements of Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Consolidated Statements of Income (unaudited) [Abstract]
Net sales	$ 50,959	$ 51,431	$ 152,406	$ 150,516
Cost of sales	26,341	26,070	78,267	77,889
Gross profit	24,618	25,361	74,139	72,627
Selling, general and administrative expenses	12,727	11,839	40,563	39,385
Operating income	11,891	13,522	33,576	33,242
Interest expense and financing costs	5,557	8,676	20,895	25,732
Investment income	(279)	0	(611)	0
Loss on extinguishment of debt			2,824	0
Income before income taxes	6,613	4,846	10,468	7,510
Income tax expense (benefit)	(180)	76	642	734
Net income	$ 6,793	$ 4,770	$ 9,826	$ 6,776
Basic earnings per common share:
Net income (in dollars per share)	$ 0.38	$ 0.66	$ 0.64	$ 0.94
Diluted earnings per common share:
Net income (in dollars per share)	$ 0.34	$ 0.57	$ 0.58	$ 0.81
Weighted average common shares outstanding:
Basic - inclusive of voting and non-voting shares (in shares)	18,094,592	7,197,928	15,396,155	7,197,928
Diluted - inclusive of voting and non-voting shares (in shares)	19,729,219	8,335,308	16,968,613	8,354,314

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Net income	$ 6,793	$ 4,770	$ 9,826	$ 6,776
Other comprehensive income, net of tax
Pension and postretirement amortization of unrealized losses	123	131	369	394
Comprehensive income	6,916	4,901	10,195	7,170
Cost of Sales [Member]
Other comprehensive income, net of tax
Pension and postretirement amortization of unrealized losses	6	6	18	18
Selling, General and Administrative Expenses [Member]
Other comprehensive income, net of tax
Pension and postretirement amortization of unrealized losses	$ 117	$ 125	$ 351	$ 376

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities:
Net income	$ 9,826	$ 6,776
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Loss on extinguishment of debt	2,824	0
Gain on sale of fixed assets	0	(1)
Depreciation expense	896	784
Amortization of deferred financing costs	1,070	1,086
Amortization of original issue discount	591	785
Interest paid on PIK Toggle Notes	(9,893)	0
Deferred income taxes	47	(7)
Stock compensation expense	103	129
Restricted stock compensation expense	29	0
Member unit compensation expense	13	82
Changes in operating assets and liabilities:
Accounts receivable	546	(2,568)
Inventories	(7,405)	(241)
Other current assets	1,562	(2,052)
Other assets	(45)	(106)
Accounts payable	(531)	1,509
Accrued pension liabilities	196	123
Accrued postretirement liabilities	(89)	(94)
Accrued expenses and other	(3,967)	(63)
Net cash provided by (used in) operating activities	(476)	12,625
Cash flows from investing activities:
Capital expenditures	(1,245)	(1,100)
Proceeds from sale of fixed assets	0	2
Note receivable	0	(430)
Net cash used in investing activities	(1,245)	(1,528)
Cash flows from financing activities:
Payments for revolving credit facility, net	(18)	(3,184)
Payment of financing costs	(200)	0
Payment of PIK Toggle Notes	(24,107)	0
Prepaid equity issuance costs	0	(305)
Redemption of Intrepid options	(661)	0
Redemption of Intrepid warrants	(5,500)	0
Warrants exercised	4
Stock option exercised	8	0
Proceeds from issuance of stock	55,746	1
Net cash provided by (used in) financing activities	1,296	(9,725)
Net increase (decrease) in cash	(425)	1,372
Cash, beginning of period	4,835	8,467
Cash, end of period	4,410	9,839
Supplemental schedule of noncash financing activities:
Issuance of restricted stock	279	0
PIK Toggle Notes [Member]
Supplemental schedule of noncash financing activities:
Conversion of Notes to equity	29,014	0
7% Senior Notes [Member]
Supplemental schedule of noncash financing activities:
Conversion of Notes to equity	10,074	0
PIK Toggle Notes [Member]
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Interest incurred but not paid on Notes	3,422	6,057
7% Senior Notes [Member]
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Interest incurred but not paid on Notes	329	426
First Lien Term Loan [Member]
Cash flows from financing activities:
Payment for lien term loan	(3,976)	(6,237)
Second Lien Term Loan [Member]
Cash flows from financing activities:
Payment for lien term loan	$ (20,000)	$ 0

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2016
Basis of Presentation [Abstract]
Basis of Presentation	Note 1. Basis of Presentation: Turning Point Brands, Inc. (formerly known as North Atlantic Holding Company, Inc.), (the “Company”) is a holding company which owns NATC Holding Company, Inc. (“NATC Holding”) and its subsidiaries and Turning Point Brands, LLC (“TPLLC”) and its subsidiary, Intrepid Brands, LLC (“Intrepid”). Except where the context otherwise requires, references to the Company include the Company, NATC Holding and its subsidiary, North Atlantic Trading Company, Inc. (“NATC”) and its subsidiaries, National Tobacco Company, L.P. ), North Atlantic Operating Company, Inc. (“NAOC”), North Atlantic Cigarette Company, Inc. (“NACC”), National Tobacco Finance Corporation (“NTFC”), Fred Stoker & Sons, Inc., RBJ Sales, Inc. and Stoker, Inc. (collectively, “Stoker”) and TPLLC and Intrepid. The accompanying interim condensed consolidated financial statements have been prepared in accordance with our accounting practices described in our audited consolidated financial statements as of and for the year ended December 31, 2015, and are unaudited. In the opinion of management, the unaudited interim condensed consolidated financial statements included herein contain all adjustments necessary to present fairly our financial position, results of operations and cash flows for the periods indicated. Such adjustments, other than nonrecurring adjustments that have been separately disclosed, are of a normal, recurring nature. The operating results for interim periods are not necessarily indicative of results to be expected for a full year of future interim periods. The unaudited interim condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and accompanying notes as of and for the year ended December 31, 2015. The accompanying interim condensed consolidated financial statements are presented in accordance with the rules and regulations of the Securities and Exchange Commission and, accordingly, do not include all the disclosures required by generally accepted accounting principles in the United States (“U.S. GAAP”) with respect to annual financial statements.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2016
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies: Consolidation: Revenue Recognition: © . Shipping Costs: Master Settlement Agreement Escrow Account: Pursuant to the Master Settlement Agreement (the “MSA”) entered into in November 1998 by most states (represented by their attorneys general acting through the National Association of Attorneys General) and subsequent states’ statutes, a “cigarette manufacturer” (which is defined to include a manufacturer of make-your-own (“MYO”) cigarette tobacco) has the option of either becoming a signatory to the MSA or opening, funding, and maintaining an escrow account to have funds available for certain potential tobacco-related liabilities, with sub-accounts on behalf of each settling state. The Company has chosen to open and fund an escrow account as its method of compliance. It is the Company’s policy to record amounts on deposit in the escrow account for prior years as a non-current asset. Each year’s annual obligation is required to be deposited in the escrow account by April 15 of the following year. In addition to the annual deposit, many states have elected to require quarterly deposits for the previous quarter’s sales. As of September 30, 2016 and December 31, 2015, NATC had on deposit approximately $31.9 million and $31.8 million, respectively, in escrow. Effective April 1, 2009, the federal excise tax on MYO products was increased from $1.0969 per pound to $24.78 per pound of tobacco. With this significant increase in the federal excise tax, the Company discontinued its generic category of MYO but continues to sell the Zig-Zag branded MYO. For further discussion of the MSA see our Form S-1/A filed on April 28, 2016 with the SEC, pages F-11 and F-12. The following table represents the amount of deposits by sales year for the MSA escrow account and reflects the decline in annual deposits beginning in 2009, due to the significant increase in federal excise taxes, as described above: Deposits Sales Year September 30, 2016 December 31, 2015 1999 $ 211 $ 211 2000 1,017 1,017 2001 1,673 1,673 2002 2,271 2,271 2003 4,249 4,249 2004 3,715 3,715 2005 4,552 4,552 2006 3,847 3,847 2007 4,167 4,167 2008 3,364 3,364 2009 1,626 1,626 2010 406 406 2011 193 193 2012 199 198 2013 173 173 2014 142 142 2015 97 38 2016 22 - Total $ 31,924 $ 31,842 Food and Drug Administration (“FDA”): On June 22, 2009, the Family Smoking Prevention and Tobacco Control Act (“FSPTCA”) authorized the Food and Drug Administration (“FDA”) to immediately regulate the manufacture, sale and marketing of four categories of tobacco products – cigarettes, cigarette tobacco, roll-your-own tobacco and smokeless tobacco. On August 8, 2016, the FDA deeming regulation became effective. The deeming regulation gave the FDA the authority to additionally regulate cigars, pipe tobacco, e-cigarettes, vaporizers and e-liquids. The FDA assesses tobacco product user fees on six classes of regulated tobacco products and computes user fees using a methodology similar to the methodology used by the U.S Department of Agriculture to compute the Tobacco Transition Payment Program (“TTPP”, also known as the “Tobacco Buyout”) assessment. First, the total annual congressionally established user fee assessment is allocated among the six classes of tobacco products using the federal excise tax weighted market share of tobacco products subject to regulation. Then, the assessment for each class of tobacco products is divided among individual manufacturers and importers. Prior to October 1, 2016, these FDA user fees applied only to those products then regulated by the FDA. Effective October 1, 2016, the FDA began additionally applying FDA user fees to newly deemed tobacco products subject to FDA user fees as described above, i.e., cigars and pipe tobacco. The Company estimates the fee assessed to it for cigars and pipe tobacco will be approximately $0.3 million for the fourth quarter of 2016. Recent Accounting Pronouncements Adopted: The Company adopted ASU 2015-03, Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Cost . The Company adopted ASU 2015-17, Income Taxes ( Balance sheet classification of deferred taxes The Company adopted ASU 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting Recent Accounting Pronouncements: In May 2014, the FASB issued Accounting Standards Update (“ASU”), ASU 2014-09, Revenue from Contracts with Customers (Topic 606) Revenue from Contracts with Customers (Topic 606) In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), Leases Subsequent Events: The Company’s management has evaluated events and transactions that occurred from October 1, 2016 through November 10, 2016, the date these unaudited condensed consolidated financial statements were issued, for subsequent events requiring recognition or disclosure in the financial statements.

Initial Public Offering

Initial Public Offering	9 Months Ended
	Sep. 30, 2016
Initial Public Offering [Abstract]
Initial Public Offering	Note 3. Initial Public Offering (“IPO”): In April of 2016, the Company increased the total authorized shares of preferred and voting and non-voting common stock and effected a 10.43174381 for 1 stock split of the voting and non-voting common stock. As a result of the stock split, all previously reported share amounts (including options and warrants) in the accompanying financial statements and related notes have been retrospectively restated to reflect the stock split. In May of 2016, the Company sold 6,210,000 shares of voting common stock in its IPO (including shares sold pursuant to the underwriters’ option to purchase 810,000 shares to cover over-allotments) at a price of $10.00 per share. The gross proceeds totaled $62,100. The IPO proceeds were used as follows: 1) $3,884 for the payment of expenses in connection with the IPO; 2) $3,250 to purchase and retire Intrepid Warrants (See Note 12, for definition and information); 3) $34,000 to redeem and retire PIK Toggle Notes (See Note 8, for definition and information); 4) $20,200 to redeem and retire $20,000 in principal amount of Second Lien Term Notes and pay $200 as a 1% prepayment penalty (See Note 8, for definition and information); 5) $683 to purchase and retire all outstanding options to buy Intrepid Common Units which include $22 of payroll taxes (See Note 12, for definition and information); and 6) increased cash of $83. In addition, in connection with the IPO the Company also: 1) issued 1,289,819 shares of voting common stock in exchange for all of the outstanding 7% Senior Notes (See Note 8); 2) issued 3,168,438 shares of voting common stock in exchange for all of the remaining outstanding PIK Toggle Notes not repurchased for cash as described above (See Note 8); and 3) paid $2,250 to retire all the remaining Intrepid Warrants (for a total expenditure of $5,500 to retire all the Intrepid Warrants). As a result of the transactions summarized above, the Company has fully repurchased and retired the PIK Toggle Notes and 7% Senior Notes (See Note 8) and fully repurchased and retired all outstanding Intrepid Warrants and options to buy Intrepid Common Units. The Company had the following voting and non-voting shares of common stock outstanding after the transactions summarized above: Voting shares outstanding before transactions 6,259,480 Shares issued by the Initial Public Offering 6,210,000 Shares issued for 7% Senior Notes 1,289,819 Shares issued for PIK Toggle Notes 3,168,438 Voting shares outstanding after transactions 16,927,737 Non-Voting shares outstanding before and after transactions 938,857 In June 2016, the Board of Directors of the Company approved the conversion of 938,857 shares of non-voting common stock to shares of voting common stock. The Company had the following voting shares of common stock at September 30, 2016: Voting shares outstanding after transactions above 16,927,737 Non-voting shares converted to voting shares 938,857 Voting shares issued as restricted stock, net of forfeitures 26,508 Voting shares issued from exercise of stock options 6,652 Voting shares issued from exercise of warrants 442,558 Voting shares outstanding at September 30, 2016 18,342,312

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2016
Fair Value of Financial Instruments [Abstract]
Fair Value of Financial Instruments	Note 4. Fair Value of Financial Instruments: The following disclosure of the estimated fair value of financial instruments is made in accordance with the requirements of ASC 825, Financial Instruments. The estimated fair value amounts have been determined by the Company using the methods and assumptions described below. However, considerable judgment is required to interpret market data to develop estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company could realize in a current market exchange. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. Cash and Cash Equivalents: Accounts Receivable: Revolving Credit Facility: Long-Term Debt: As of September 30, 2016, the fair value of NATC’s First Lien Term Loan and NATC’s Second Lien Term Loan approximate their face amounts of $147.7 million and $60.0 million, respectively. At December 31, 2015, the fair value of NATC’s First Lien Term Loan and NATC’s Second Lien Term Loan approximate their face amounts of $151.7 million and $80.0 million, respectively. Foreign Exchange:

Inventories

Inventories	9 Months Ended
	Sep. 30, 2016
Inventories [Abstract]
Inventories	Note 5. Inventories: Inventories are stated at the lower of cost or market. Cost is determined on the last-in, first-out (“LIFO”) method for approximately 55% of the inventories. Leaf tobacco is presented in current assets in accordance with standard industry practice, notwithstanding the fact that such tobaccos are carried longer than one year for the purpose of curing. The components of inventories are as follows: September 30, 2016 December 31, 2015 Raw materials and work in process $ 2,604 $ 1,940 Leaf tobacco 24,821 20,839 Finished goods - smokeless products 4,456 3,615 Finished goods - smoking products 15,278 14,077 Finished goods - electronic / vaporizer products 7,046 5,939 Other 1,343 1,237 55,548 47,647 LIFO reserve (3,804 ) (3,308 ) $ 51,744 $ 44,339 The Company recorded inventory valuation allowances of $0.7 million as of September 30, 2016 and $0.3 million as of December 31, 2015.

Property, Plant and Equipment

Property, Plant and Equipment	9 Months Ended
	Sep. 30, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Note 6. Property, Plant and Equipment: Property, plant and equipment at September 30, 2016 and December 31, 2015 consists of: September 30, 2016 December 31, 2015 Leasehold improvements $ 2,215 $ 2,196 Machinery and equipment 10,128 8,997 Furniture and fixtures 3,215 3,121 15,558 14,314 Accumulated depreciation (9,606 ) (8,711 ) $ 5,952 $ 5,603

Accrued Expenses

Accrued Expenses	9 Months Ended
	Sep. 30, 2016
Accrued Expenses [Abstract]
Accrued Expenses	Note 7. Accrued Expenses: Accrued expenses at September 30, 2016 and December 31, 2015 consist of: September 30, 2016 December 31, 2015 Accrued payroll and related items $ 2,922 $ 3,659 Customer returns and allowances 2,346 2,015 Other 4,659 5,379 $ 9,927 $ 11,053

Notes Payable and Long-Term Deb

Notes Payable and Long-Term Debt	9 Months Ended
	Sep. 30, 2016
Notes Payable and Long-Term Debt [Abstract]
Notes Payable and Long-Term Debt	Note 8. Notes Payable and Long-Term Debt: Notes payable and long-term debt consists of the following in order of preference: September 30, 2016 December 31, 2015 First Lien Term Loan $ 146,792 $ 150,555 Second Lien Term Loan 59,067 78,882 PIK Toggle Notes - 58,882 7% Senior Notes - 10,360 205,859 298,679 Less deferred finance charges (4,721 ) (6,257 ) Less current maturities (1,650 ) (1,650 ) Total Notes Payable and Long-Term Debt $ 199,488 $ 290,772 Long-term Debt On January 13, 2014, NATC entered into (i) a $170 million First Lien Term Loan Credit Agreement among NATC, the Company, NATC Holding and Wells Fargo Bank, National Association, as administrative agent (the “First Lien Credit Agreement”), (ii) a $80 million Second Lien Term Loan Credit Agreement among NATC, the Company, NATC Holding and Wells Fargo Bank, National Association, as administrative agent (the “Second Lien Credit Agreement”), and (iii) a $40 million ABL Credit Agreement among NATC, NATC Holding and Wells Fargo Bank, National Association, as ABL Agent (the “Revolving Credit Facility”). First Lien Credit Agreement All of NATC’s subsidiaries, as well as the Company and NATC Holding, are guarantors under the First Lien Credit Agreement. TPLLC and its subsidiary are not guarantors of the First Lien Credit Agreement. The First Lien Credit Agreement is secured by a first priority lien on substantially all of the assets of the borrowers and the guarantors thereunder, including a pledge of the capital stock of NATC and its subsidiaries held by NATC Holding, NATC or any guarantor, other than certain excluded assets (the “Collateral”). The loans designated as LIBOR rate loans bear interest at LIBOR Rate then in effect (but not less than 1.25%) plus 6.50% and the loans designated as base rate loans bear interest at the (i) highest of (A) the Prime Rate, (B) the Federal Funds Rate plus 0.50%, (C) LIBOR for an interest period of one month plus 1.00% and (D) 2.25% per year plus (ii) 5.50%. The weighted average interest rate at September 30, 2016 was 9.0%. The First Lien Credit Agreement matures in January 2020. The First Lien Credit Agreement contains customary representations and warranties, events of default, affirmative covenants and negative covenants, which impose restrictions on, among other things, the ability of NATC and its subsidiaries to make investments, pay dividends, sell assets, and incur debt and additional liens. In addition, the First Lien Credit Agreement requires NATC to maintain a total leverage ratio as follows: Period Maximum Ratio Closing Date through March 31, 2015 6.50 to 1.00 April 1, 2015 through September 30, 2016 6.25 to 1.00 October 1, 2016 through September 30, 2017 6.00 to 1.00 October 1, 2017 through September 30, 2018 5.75 to 1.00 October 1, 2018 and thereafter 5.50 to 1.00 NATC is required to make prepayments under the First Lien Credit Agreement upon the occurrence of certain events, including sales of certain assets, casualty events and the incurrence of additional indebtedness, subject to certain exceptions and reinvestment rights. NATC made a prepayment of approximately $2.7 million during the first quarter of 2016. Second Lien Credit Agreement The Second Lien Credit Agreement has the benefit of a second priority security interest in the Collateral and is guaranteed by the same entities as the First Lien Credit Agreement. The Second Lien Credit Agreement, contains substantially similar representations and warranties, events of default and covenants as the First Lien Credit Agreement; provided, however, that the total leverage ratio required to be maintained by NATC under the Second Lien Credit Agreement is as follows: Period Maximum Ratio Closing Date through March 31, 2015 6.75 to 1.00 April 1, 2015 through September 30, 2016 6.50 to 1.00 October 1, 2016 through September 30, 2017 6.25 to 1.00 October 1, 2017 through September 30, 2018 6.00 to 1.00 October 1, 2018 and thereafter 5.75 to 1.00 Under the Second Lien Credit Agreement the loans designated as LIBOR rate loans bear interest at the LIBOR Rate then in effect (but not less than 1.25%) plus 10.25% and the loans designated as base rate loans bear interest at (i) the highest of (A) the Prime Rate, (B) the Federal Funds Rate plus 0.50%, (C) LIBOR for an interest period of one month plus 1.00% and (D) 2.25% per year plus (ii) 9.25%. The weighted average interest rate at September 30, 2016 was 11.5%. The Second Lien Credit Agreement matures in July 2020. In connection with the Company’s IPO in May of 2016, the Company prepaid $20 million of the borrowings under the Second Lien Credit Agreement (see Note 3). Revolving Credit Facility The Revolving Credit Facility provides for aggregate commitments of up to $40 million, subject to a borrowing base, which is calculated as the sum of (i) 85% of eligible accounts receivable, plus (ii) the lesser of (A) the product of 70% multiplied by the value of eligible inventory and (B) the product of 85% multiplied by the net recovery percentage identified in the most recent inventory appraisal multiplied by the value of eligible inventory, plus (iii) the lesser of (A) the product of 75% multiplied by the value of eligible inventory and (B) the product of 85% multiplied by the net recovery percentage identified in the most recent inventory appraisal multiplied by the value of the eligible finished goods inventory, minus (iv) the aggregate amount of reserves established by the administrative agent. The interest rates per annum applicable to loans under the Revolving Credit Facility are, at the option of NATC, equal to the applicable Base Rate or LIBOR Rate plus the applicable Interest Margin, as defined below: Pricing Level Average Excess Availability Applicable Margin for Base Rate Loans (the “Base Rate Margin”) Applicable Margin for LIBOR Rate Loans (the “LIBOR Rate Margin”) I > $30,000,000 1.25% 2.25% II < $30,000,000 but > $15,000,000 1.50% 2.50% III < $15,000,000 1.75% 2.75% The Revolving Credit Facility matures in January 2019 and there was no outstanding balance at September 30, 2016. PIK Toggle Notes On January 13, 2014, the Company issued PIK Toggle Notes (“PIK Toggle Notes”) to Standard General Master Fund, L.P. (“Standard General”) with a principal amount of $45 million and warrants to purchase 42,424 of the Company’s common stock at $.01 per share, as adjusted for stock splits and other events specified in the agreement. After adjustment for the stock split effected in connection with our IPO of 10.43174381 to 1, the warrants have been adjusted to provide for the purchase of 442,558 of the Company’s common stock. Due to the issuance of the warrants, the PIK Toggle Notes had an original issue discount of $1.7 million and were initially valued at $43.3 million. The PIK Toggle Notes were scheduled to mature and the warrants to expire on January 13, 2021. The PIK Toggle Notes accrued interest based on the LIBOR Rate then in effect (but not less than 1.25%) plus 13.75%. Interest was payable on the last day of each quarter and upon maturity. The Company had the flexibility to pay interest in kind through an increase in the principal amount at the same interest rate as the PIK Toggle Notes. The Company chose to increase the PIK Toggle Notes for all interest for the first three months of 2016. The PIK Toggle Notes contained covenants which limited the ability of the Company to enter into transactions with affiliates and make dividends or other distributions or repurchase capital stock. The PIK Toggle Notes were unsecured and did not limit the Company’s ability to incur additional debt or liens. In connection with the IPO, in May of 2016, the Company redeemed and retired all of the outstanding PIK Toggle Notes in exchange for a combination of cash and shares of the Company’s voting common stock (see Note 3). 7% Senior Notes In January of 2014, the Company issued 7% Senior Notes to various stockholders with a principal amount of $11 million and warrants to purchase 11,000,000 units of membership interests in Intrepid, which represented 40% of the Intrepid Common Units outstanding on a fully diluted basis, at a purchase price of $1.00 per unit. Due to the issuance of the Intrepid warrants, the 7% Senior Notes had an original issue discount of $2.8 million and were initially valued at $8.2 million. The 7% Senior Notes were scheduled to mature and the warrants to expire on December 31, 2023. The 7% Senior Notes accrued interest at a fixed rate of 7% per annum. Interest was payable on the last business day of June and December in each year and provided that the Company was permitted to elect to pay all or a portion of the interest in kind. The Company made such election for all of 2014 and 2015. The 7% Senior Notes were the general unsecured obligations of the Company and ranked equally with the Company’s other unsecured and unsubordinated debt from time to time outstanding. Redemptions of the 7% Senior Notes could be made by the Company at any time without penalty or premium. In connection with the IPO, in May of 2016, we redeemed and retired all of the outstanding 7% Senior Notes in exchange for shares of the Company’s voting common stock (see Note 3). Restricted / Non-Restricted Condensed Consolidating Financial Statements The payment of principal and interest on the First Lien Term Loan, Second Lien Term Loan and Revolving Credit Facility are guaranteed by or obligations of NATC and its subsidiaries (“Issuer/Restricted”). TPLLC and its subsidiary (“Non-Restricted”) are not guarantors of the First Lien Term Loan, Second Lien Term Loan and Revolving Credit Facility. The separate financial statements of the Issuer/Restricted are not included herein because the Issuer/Restricted are the Company’s wholly-owned consolidated subsidiaries and are jointly, severally, fully and unconditionally liable for the obligations represented by the First Lien Term Loan, Second Lien Term Loan and Revolving Credit Facility. The Company believes that the consolidating financial information for the Issuer/Restricted and the Non-Restricted provide information that is more meaningful in understanding the financial position of the Issuer/Restricted than separate financial statements of the Issuer/Restricted. The following consolidating financial information presents consolidating financial data for the Issuer/Restricted, Non-Restricted and an elimination column for adjustments to arrive at the information for the Company on a consolidated basis as of September 30, 2016 and December 31, 2015 and for the three and nine months ended September 30, 2016 and 2015. The principal elimination entries set forth below eliminate investments in subsidiaries and intercompany balances and transactions. Turning Point Brands, Inc. Consolidating Balance Sheet September 30, 2016 (in thousands) Issuer/ Restricted Non-Restricted Eliminations Consolidated ASSETS Current assets: Cash $ 3,766 $ 644 $ - $ 4,410 Accounts receivable 3,184 210 - 3,394 Inventories 44,391 7,353 - 51,744 Other current assets 6,815 2,461 - 9,276 Total current assets 58,156 10,668 - 68,824 Property, plant and equipment, net 5,867 85 - 5,952 Deferred income taxes 3,999 - (3,999 ) - Deferred financing costs, net 157 - - 157 Goodwill 128,697 - - 128,697 Investment in subsidiaries 44,674 - (44,674 ) - Note receivable 500 - (500 ) - Other intangible assets, net 8,553 - - 8,553 Master Settlement Agreement - escrow deposits 31,924 - - 31,924 Other assets 234 393 - 627 Total assets $ 282,761 $ 11,146 $ (49,173 ) $ 244,734 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current liabilities: Accounts payable $ 3,222 $ 334 $ - $ 3,556 Accrued expenses 9,079 848 - 9,927 Accrued interest expense 359 - - 359 First lien term loan 1,650 - - 1,650 Note payable - 500 (500 ) - Total current liabilities 14,310 1,682 (500 ) 15,492 Notes payable and long-term debt 199,488 - - 199,488 Deferred income taxes 11,059 - (3,999 ) 7,060 Postretirement benefits 4,577 - - 4,577 Pension benefits 314 - - 314 Total Liabilities 229,748 1,682 (4,499 ) 226,931 Stockholders' equity (deficit): Common stock, voting 183 - - 183 Additional paid-in capital 168,917 10,900 (74,995 ) 104,822 Advance to TPB 2,324 (2,324 ) - - Accumulated other comprehensive loss (3,143 ) - - (3,143 ) Retained earnings (accumulated deficit) (115,268 ) 888 30,321 (84,059 ) Total stockholders' equity (deficit) 53,013 9,464 (44,674 ) 17,803 Total liabilities and stockholders' equity (deficit) $ 282,761 $ 11,146 $ (49,173 ) $ 244,734 Turning Point Brands, Inc. Consolidating Statement of Operations for the three months ended September 30, 2016 (in thousands) Issuer/ Non-Restricted Consolidated Net sales $ 47,669 $ 3,290 $ 50,959 Cost of sales 23,862 2,479 26,341 Gross profit 23,807 811 24,618 Selling, general and administrative expenses 11,686 1,041 12,727 Operating income (loss) 12,121 (230 ) 11,891 Interest expense and financing costs 5,524 33 5,557 Investment income (279 ) - (279 ) Income before income taxes 6,876 (263 ) 6,613 Income tax benefit (180 ) - (180 ) Net income (loss) $ 7,056 $ (263 ) $ 6,793 Turning Point Brands, Inc. Consolidating Statement of Operations for the nine months ended September 30, 2016 (in thousands) Issuer/ Restricted Non-Restricted Consolidated Net sales $ 142,373 $ 10,033 $ 152,406 Cost of sales 70,485 7,782 78,267 Gross profit 71,888 2,251 74,139 Selling, general and administrative expenses 37,554 3,009 40,563 Operating income (loss) 34,334 (758 ) 33,576 Interest expense and financing costs 20,845 50 20,895 Investment income (611 ) - (611 ) Loss on extinguishment of debt 2,824 - 2,824 Income (loss) before income taxes 11,276 (808 ) 10,468 Income tax expense 642 - 642 Net income (loss) $ 10,634 $ (808 ) $ 9,826 Turning Point Brands, Inc. Consolidating Statement of Cash Flows for the nine months ended September 30, 2016 (in thousands) Issuer/ Restricted Non-Restricted Consolidated Cash flows from operating activities: Net income (loss) $ 10,634 $ (808 ) $ 9,826 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Loss on extinguishment 2,824 - 2,824 Depreciation expense 896 - 896 Amortization of deferred financing costs 1,070 - 1,070 Amortization of original issue discount 591 - 591 Interest incurred but not paid on PIK toggle notes 3,422 - 3,422 Interest incurred but not paid on 7% senior notes 329 - 329 Interest paid on PIK toggle notes (9,893 ) - (9,893 ) Deferred income taxes 47 - 47 Stock compensation expense 103 - 103 Restricted stock compensation expense 29 - 29 Member unit compensation expense - 13 13 Changes in operating assets and liabilities: Accounts receivable 644 (98 ) 546 Inventories (6,326 ) (1,079 ) (7,405 ) Other current assets (1,225 ) 2,787 1,562 Other assets (82 ) 37 (45 ) Accounts payable (816 ) 285 (531 ) Accrued pension liabilities 196 - 196 Accrued postretirement liabilities (89 ) - (89 ) Accrued expenses and other (3,719 ) (248 ) (3,967 ) Net cash provided by (used in) operating activities (1,365 ) 889 (476 ) Cash flows from investing activities: Capital expenditures (1,160 ) (85 ) (1,245 ) Note receivable (500 ) 500 - Net cash used in investing activities (1,660 ) 415 (1,245 ) Cash flows from financing activities: Proceeds from revolving credit facility, net (18 ) - (18 ) Proceeds from (payment to) parent, net 1,567 (1,567 ) - Payment of financing costs (200 ) - (200 ) Payment for first lien term loan (3,976 ) - (3,976 ) Payment for second lien term loan (20,000 ) - (20,000 ) Payment of PIK toggle notes (24,107 ) - (24,107 ) Redemption of Intrepid options - (661 ) (661 ) Redemption of Intrepid warrants (5,500 ) - (5,500 ) Warrants exercised 4 - 4 Stock options exercised 8 - 8 Proceeds from issuance of stock 55,746 - 55,746 Net cash provided by financing activities 3,524 (2,228 ) 1,296 Net increase (decrease) in cash 499 (924 ) (425 ) Cash, beginning of period 3,267 1,568 4,835 Cash, end of period $ 3,766 $ 644 $ 4,410 Turning Point Brands, Inc. Consolidating Balance Sheet December 31, 2015 (in thousands) Issuer/ Restricted Non-Restricted Eliminations Consolidated ASSETS Current assets: Cash $ 3,267 $ 1,568 $ - $ 4,835 Accounts receivable 3,828 112 - 3,940 Inventories 38,065 6,274 - 44,339 Other current assets 5,590 5,248 - 10,838 Total current assets 50,750 13,202 - 63,952 Property, plant and equipment, net 5,603 - - 5,603 Deferred financing costs, net 208 - - 208 Goodwill 128,697 - - 128,697 Investment in subsidiaries 31,489 - (31,489 ) - Other intangible assets, net 8,553 - - 8,553 Master Settlement Agreement - escrow deposits 31,842 - - 31,842 Other assets 3,178 430 - 3,608 Total assets $ 260,320 $ 13,632 $ (31,489 ) $ 242,463 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current liabilities: Accounts payable $ 4,038 $ 49 $ - $ 4,087 Accrued expenses 9,956 1,097 - 11,053 Accrued interest expense 4,329 - - 4,329 First lien term loan 1,650 - - 1,650 Revolving credit facility 18 - - 18 Total current liabilities 19,991 1,146 - 21,137 Notes payable and long-term debt 290,772 - - 290,772 Deferred Income Taxes 7,013 - - 7,013 Postretirement benefits 4,666 - - 4,666 Pension benefits 487 - - 487 Total Liabilities 322,929 1,146 - 324,075 Stockholders' equity (deficit): Common stock, voting 63 - - 63 Common stock, non-voting 9 - - 9 Additional paid-in capital 76,410 11,213 (74,995 ) 12,628 Advance to TPB 793 (793 ) - - Accumulated other comprehensive loss (3,512 ) - - (3,512 ) Retained earnings (accumulated deficit) (136,372 ) 2,066 43,506 (90,800 ) Total stockholders' equity (deficit) (62,609 ) 12,486 (31,489 ) (81,612 ) Total liabilities and stockholders' equity (deficit) $ 260,320 $ 13,632 $ (31,489 ) $ 242,463 Turning Point Brands, Inc. Consolidating Statement of Operations for the three months ended September 30, 2015 (in thousands) Issuer/ Restricted Non-Restricted Consolidated Net sales $ 47,883 $ 3,548 $ 51,431 Cost of sales 23,497 2,573 26,070 Gross profit 24,386 975 25,361 Selling, general and administrative expenses 10,665 1,174 11,839 Operating income (loss) 13,721 (199 ) 13,522 Interest expense and financing costs 8,627 49 8,676 Income (loss) before income taxes 5,094 (248 ) 4,846 Income tax expense 76 - 76 Net income (loss) $ 5,018 $ (248 ) $ 4,770 Turning Point Brands, Inc. Consolidating Statement of Operations for the nine months ended September 30, 2015 (in thousands) Issuer/ Restricted Non-Restricted Consolidated Net sales $ 136,776 $ 13,740 $ 150,516 Cost of sales 68,284 9,605 77,889 Gross profit 68,492 4,135 72,627 Selling, general and administrative expenses 34,746 4,639 39,385 Operating income (loss) 33,746 (504 ) 33,242 Interest expense and financing costs 25,627 105 25,732 Income (loss) before income taxes 8,119 (609 ) 7,510 Income tax expense 734 - 734 Net income (loss) $ 7,385 $ (609 ) $ 6,776 Turning Point Brands, Inc. Consolidating Statement of Cash Flows for the nine months ended September 30, 2015 (in thousands) Issuer/ Restricted Non-Restricted Consolidated Cash flows from operating activities: Net income (loss) $ 7,385 $ (609 ) $ 6,776 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Gain on sale of fixed assets (1 ) - (1 ) Depreciation expense 784 - 784 Amortization of deferred financing costs 1,086 - 1,086 Amortization of original issue discount 785 - 785 Interest incurred but not paid on PIK toggle note 6,057 - 6,057 Interest incurred but not paid on 7% senior notes 426 - 426 Deferred income taxes (7 ) - (7 ) Stock compensation expense 129 - 129 Member unit compensation expense - 82 82 Changes in operating assets and liabilities: Accounts receivable (2,181 ) (387 ) (2,568 ) Inventories (4,132 ) 3,891 (241 ) Other current assets 149 (2,201 ) (2,052 ) Other assets (106 ) - (106 ) Accounts payable 2,442 (933 ) 1,509 Accrued pension liabilities 123 - 123 Accrued postretirement liabilities (94 ) - (94 ) Accrued expenses and other 820 (883 ) (63 ) Net cash provided by (used in) operating activities 13,665 (1,040 ) 12,625 Cash flows from investing activities: Capital expenditures (1,100 ) - (1,100 ) Proceeds from sale of fixed assets 2 - 2 Note receivable - (430 ) (430 ) Net cash used in investing activities (1,098 ) (430 ) (1,528 ) Cash flows from financing activities: Proceeds from (payments for) revolving credit facility, net (3,184 ) - (3,184 ) Proceeds from (payments for) note receivable (1,600 ) 1,600 - Proceeds from issuance of stock 1 - 1 Payments for first lien term loan (6,237 ) - (6,237 ) Prepaid equity issuance costs (305 ) - (305 ) Net cash provided by (used in) financing activities (11,325 ) 1,600 (9,725 ) Net increase in cash 1,242 130 1,372 Cash, beginning of period 8,015 452 8,467 Cash, end of period $ 9,257 $ 582 $ 9,839

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2016
Income Taxes [Abstract]
Income Taxes	Note 9. Income Taxes: The Company has determined, that at September 30, 2016, its ability to realize future benefits of certain net deferred tax assets does not meet the “more likely than not” criteria in ASC 740, Income Taxes; therefore, a valuation allowance has been recorded. The Company’s income tax expense for the nine months ended September 30, 2016 and 2015 does not bear the normal relationship to income before income taxes because of net operating loss carryforwards that were utilized and were partially offset by certain minimum state income taxes. The Company follows the provisions of ASC 740-10-25, which prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The Company has determined that they did not have any uncertain tax positions requiring recognition under the provisions of ASC 740-10-25. The Company’s policy is to recognize interest and penalties accrued on uncertain tax positions, if any, as part of interest expense. The Company files income tax returns in the U.S. federal jurisdiction and various state jurisdictions. In general, the Company is no longer subject to U.S. federal and state tax examinations for years prior to 2013.

Pension and Postretirement Bene

Pension and Postretirement Benefit Plans	9 Months Ended
	Sep. 30, 2016
Pension and Postretirement Benefit Plans [Abstract]
Pension and Postretirement Benefit Plans	Note 10. Pension and Postretirement Benefit Plans: The components of Net Periodic Benefit Cost are as follows: Pension Benefits Postretirement Benefits For the three months ended September 30 2016 2015 2016 2015 Service cost $ 26 $ 31 $ - $ - Interest cost 174 174 52 53 Expected return on plan assets (258 ) (296 ) - - Amortization of gains and losses 123 131 - - Net periodic benefit cost $ 65 $ 40 $ 52 $ 53 Pension Benefits Postretirement Benefits For the nine months ended September 30 2016 2015 2016 2015 Service cost $ 78 $ 93 $ - $ - Interest cost 524 522 157 157 Expected return on plan assets (775 ) (887 ) - - Amortization of gains and losses 369 394 - - Net periodic benefit cost $ 196 $ 122 $ 157 $ 157 NATC has a defined benefit pension plan covering its employees. Benefits for the hourly employees are based on a stated benefit per year of service, reduced by amounts earned in a previous plan. Benefits for salaried employees are based on years of service and the employees’ final compensation. This defined benefit plan is frozen. NATC sponsored a defined benefit postretirement plan that covered hourly employees. This plan provides medical and dental benefits. This plan is contributory, with retiree contributions adjusted annually. NATC expects to contribute approximately $0.3 million to its postretirement plan in 2016 for the payment of benefits. Plan contributions and benefits have amounted to $247 and $250 for the nine months ended September 30, 2016 and 2015, respectively. NATC expects to make no contributions to the pension plan in the year ending December 31, 2016.

Share Incentive Plans

Share Incentive Plans	9 Months Ended
	Sep. 30, 2016
Share Incentive Plans [Abstract]
Share Incentive Plans	Note 11. Share Incentive Plans: On April 28, 2016, the Board of Directors of the Company adopted the Turning Point Brands, Inc. 2015 Equity Incentive Plan (the “2015 Plan”) and approved a form of Restricted Stock Award Agreement (the “Form Award Agreement”) pursuant to which awards under the 2015 Plan may be granted to employees, non-employee directors and consultants. In addition, the 2015 Plan provides for the granting of nonqualified stock options to employees of the Company or any subsidiary of the Company. Pursuant to the 2015 Plan, 1,400,000 shares of common stock of the Company are reserved for issuance as awards to employees, consultants and non-employee directors as compensation for past or future services or the attainment of certain performance goals. The 2015 Plan is scheduled to terminate on April 27, 2026. The 2015 Plan is administrated by a committee (the “Committee”) of the Company’s Board of Directors. The Committee determines the criteria for the vesting period, with such criteria to be specified in the award agreement. As of September 30, 2016, 26,508 shares of restricted stock and 53,996 options have been granted to employees of NATC under the 2015 Plan. There are 1,319,496 shares available for grant under the 2015 Plan. On February 8, 2006, the Board of Directors of the Company adopted the North Atlantic Holding Company, Inc. 2006 Equity Incentive Plan (the “2006 Plan”) and approved a form of Restricted Stock Award Agreement (the “Form Award Agreement”) pursuant to which awards under the 2006 Plan may be granted to employees. The 2006 Plan provides for the granting of nonqualified stock options and restricted stock awards. Upon the adoption of the Company’s 2015 Equity Incentive Plan in connection with its IPO (see Note 3) the Company determined that no additional grants would be made under the 2006 Plan, however all awards issued under the plan that have not been previously terminated or forfeited remain outstanding and continue unaffected. There are no shares available for grant under the 2006 Plan. Stock option activity for the 2006 and 2015 Plans is summarized below: Incentive Shares Weighted Average Exercise Price Weighted Average Grant Date Fair Value Outstanding, December 31, 2014 1,692,051 $ 2.17 $ 1.19 Exercised (1,043 ) 1.06 0.54 Forfeited (23,337 ) 1.06 0.54 Outstanding, December 31, 2015 1,667,671 2.19 1.20 Granted 53,996 9.26 2.37 Exercised (6,652 ) 1.22 0.64 Forfeited (7,246 ) 3.83 2.17 Outstanding, September 30, 2016 1,707,769 $ 2.41 $ 1.24 Under the 2006 Plan, the total intrinsic value of options exercised during the three months ended September 30, 2016 and 2015 was $0. The total intrinsic value of options exercised during the nine months ended September 30, 2016 and 2015 was $9 and $7, respectively. At September 30, 2016, under the 2006 Plan, the outstanding stock options’ exercise price for 980,096 options is $1.06 per share all of which are exercisable. The outstanding stock options’ exercise price for 673,677 options is $3.83 per share all of which are exercisable. The weighted average of the remaining lives of the outstanding stock options is approximately 1.2 years for the options with the $1.06 exercise price, and 6.0 years for the options with the $3.83 exercise price. The Company estimates that the expected life of all stock options is ten years from the date of grant. For the $1.06 per share options, the weighted average fair value of options was determined using the Black-Scholes model assuming a ten-year life from grant date; a current share price and exercise price of $1.06; risk free interest rate of 4.366%; a volatility of 30%; and no assumed dividend yield. Based on these assumptions, the fair value of these options is approximately $0.54 per share option granted. For the $3.83 per share options, At September 30, 2016, under the 2015 Plan, the outstanding stock options’ exercise price for 53,996 options is $9.26 per share of which 26,998 are exercisable. The weighted average of the remaining lives of the outstanding stock options is approximately 9.8 years. The risk free interest rate is based on the U.S. Treasury rate for the expected life at the time of grant. The expected volatility is based on the average long-term historical volatilities of peer companies. We intend to continue to consistently use the same group of publicly traded peer companies to determine expected volatility in the future until sufficient information regarding volatility of our share price becomes available or the selected companies are no longer suitable for this purpose. Also, due to our limited trading history, we are using the “simplified method” to calculate expected holding periods, which represent the period of time that options granted are expected to be outstanding. We will continue to use this method until we have sufficient historical exercise experience to give us confidence that our calculations based on such experience will be reliable. Based on these assumptions we are using, a current share and exercise price of $9.26, risk free interest rate of 1.159%, expected volatility of 25.4%, expected life of options of 5.375 years and no assumed dividend yield, the fair value of these options determined using the Black-Scholes option pricing model is approximately $2.37 per share option granted. The Company has recorded compensation expense related to the options based on the provisions of ASC 718 under which the fixed portion of such expense is determined as the fair value of the options on the date of grant and amortized over the vesting period. The Company recorded compensation expense of approximately $99 and $37 in the consolidated statements of income for the three months ended September 30, 2016 and 2015, respectively and approximately $132 and $129 for the nine months ended September 30, 2016 and 2015, respectively.

Unit Incentive Plans and Warran

Unit Incentive Plans and Warrants for Intrepid Brands, LLC	9 Months Ended
	Sep. 30, 2016
Unit Incentive Plans and Warrants for Intrepid Brands, LLC [Abstract]
Unit Incentive Plans and Warrants for Intrepid Brands, LLC	Note 12. Unit Incentive Plans and Warrants for Intrepid Brands, LLC: Effective August 7, 2014, the Company adopted the Intrepid Brands, LLC 2014 Option Plan (“2014 Plan”) for units of ownership in Intrepid. The purpose of the 2014 Plan was to promote the success and enhance the value of the Company by linking the personal interests of the service providers (including employees, consultants and managers) to those of Company equity holders and by providing such individuals with an incentive for outstanding performance to generate superior returns to Company equity holders. In connection with the IPO, in May of 2016 all options outstanding under the 2014 Plan were repurchased for aggregate cash consideration of $683 which included $22 of payroll taxes (see Note 3). With the repurchase of the options, the 2014 Plan was terminated. In January of 2014, the Company issued warrants to purchase 11,000,000 units of membership interests in Intrepid (the “Intrepid Warrants”) concurrent with the 7% Senior Notes (see Note 8). This represented 40% of the Intrepid Common Units outstanding on a fully diluted basis, at a purchase price of $1.00 per unit. The warrants were exercisable beginning January 21, 2014 and were scheduled to expire on December 31, 2023. In connection with the IPO, in May of 2016 all outstanding Intrepid Warrants were repurchased for aggregate cash consideration of approximately $5.5 million (see Note 3).

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2016
Contingencies [Abstract]
Contingencies	Note 13. Contingencies: The Company is involved in various claims and actions that arise in the normal course of business. While the outcome of these legal proceedings cannot be predicted with certainty, it is the opinion of management that the resolution of the proceedings should not have a material adverse effect on the financial position, results of operations or cash flows of the Company.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Note 14. Earnings Per Share: The following is a reconciliation of the numerators and denominators of the basic and diluted EPS computations of net income: Three Months Ended September 30, 2016 September 30, 2015 Income Shares Per Income Shares Per Net income (loss) $ 6,793 $ 4,770 Basic EPS: Weighted average 18,094,592 $ 0.38 7,197,928 $ 0.66 Diluted EPS: Effect of Dilutive securities: Stock options and warrants 1,634,627 1,137,380 19,729,219 $ 0.34 8,335,308 $ 0.57 Nine Months Ended September 30, 2016 September 30, 2015 Income Shares Per Income Shares Per Net income $ 9,826 $ 6,776 Basic EPS: Weighted average 15,396,155 $ 0.64 7,197,928 $ 0.94 Diluted EPS: Effect of Dilutive securities: Stock options and warrants 1,572,458 1,156,386 16,968,613 $ 0.58 8,354,314 $ 0.81 Due to the IPO in May 2016, the Company’s weighted average shares and basic and diluted earnings per share are significantly different as of September 30, 2016 when compared to prior periods. See Note 3, for a description of the IPO and shares issued in connection herewith.

Parent-Only Financial Informati

Parent-Only Financial Information	9 Months Ended
	Sep. 30, 2016
Parent-Only Financial Information [Abstract]
Parent-Only Financial Information	Note 15. Parent-Only Financial Information: The Company is a holding company with independent operations including cash and its investments in its subsidiaries. All of NATC’s subsidiaries are wholly-owned and guarantee the First Lien Term Loan and the Second Lien Term Loan of NATC on a full, unconditional, and joint and several basis. Within the First Lien Term Loan and the Second Lien Term Loan there are no significant restrictions on the ability of NATC to obtain funds from its subsidiaries by dividend or loan, but NATC is subject to significant restrictions on its ability to pay dividends or make other payments to the Company. NATC and its subsidiaries are generally unable to pay dividends and make other restricted payments to the Company, except in limited circumstances, including (i) to pay certain costs in the ordinary course of business, (ii) to redeem, retire or otherwise acquire certain of our outstanding equity interest and (iii) to pay certain tax obligations. As a result of such restrictions on the Company’s subsidiaries’ ability to make distributions to the Company, $233,588 of its consolidated total assets are currently restricted assets of its consolidated subsidiaries, which may not be transferred to the Company in the form of loans, advances or cash dividends without the consent of a third party. The Company has disclosed the amount of restricted total assets rather than restricted net assets due to the negative net assets of the Company and its restricted subsidiaries. TPLLC and Intrepid are wholly-owned by the Company. TPLLC and its subsidiary are not guarantors of the First Lien Term Loan and Second Lien Term Loan.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2016
Segment Information [Abstract]
Segment Information	Note 16. Segment Information: In accordance with ASC 280, Segment Reporting, the Company operates in three segments: (i) smokeless products, (ii) smoking products and (iii) NewGen products. In our smokeless products segment we (i) manufacture and market moist snuff and (ii) contract for and market loose leaf chewing tobacco products. In our smoking products segment, we (i) market and distribute cigarette papers and related products, as well as package, market and distribute MYO cigarette smoking tobaccos and related products and (ii) market and distribute MYO cigar wraps, MYO loose cigar smoking tobacco, and cigars, and package, market and distribute traditional pipe tobaccos. In our NewGen products segment, we market and distribute liquid vapor products, tobacco vaporizer products, certain other related products, such as e-liquids and shishafruits, shisha gels and other products without tobacco and/or nicotine. The accounting policies of these segments are the same as those of the Company. Segment data includes a charge allocating corporate costs to the three reportable segments based on their respective Net sales. The Company evaluates the performance of its segments and allocates resources to them based on Operating income. The tables below present financial information about reported segments for the three and nine months ended September 30, 2016 and 2015: For the three months ended September 30, September 30, Net Sales Smokeless Products $ 18,909 $ 18,679 Smoking Products 28,760 29,204 NewGen Products 3,290 3,548 $ 50,959 $ 51,431 Operating Income Smokeless Products $ 4,695 $ 4,967 Smoking Products 7,645 8,921 NewGen Products (230 ) (199 ) Other (1) (1 ) - $ 12,109 $ 13,689 Less Eliminations (2) (218 ) (167 ) $ 11,891 $ 13,522 Interest expense and financing costs (5,557 ) (8,676 ) Investment income 279 - Income before income taxes $ 6,613 $ 4,846 Assets Smokeless Products $ 82,819 $ 86,232 Smoking Products 539,834 510,138 NewGen Products 11,146 15,090 Other (1) 32,422 32,430 666,221 643,890 Less Eliminations (2) (421,487 ) (386,881 ) $ 244,734 $ 257,009 (1) “Other” includes our assets that are not assigned to our three reportable segments, such as intercompany transfers and investments in subsidiaries. All goodwill has been allocated to our reportable segments. (2) “Elimination” includes the elimination of intercompany accounts between segments and investments in subsidiaries. For the nine months ended September 30, 2016 September 30, 2015 Net Sales Smokeless Products $ 58,939 $ 54,873 Smoking Products 83,434 81,903 NewGen Products 10,033 13,740 $ 152,406 $ 150,516 Operating Income Smokeless Products $ 13,097 $ 13,189 Smoking Products 22,391 21,554 NewGen Products (758 ) (504 ) Other (1) (179 ) (152 ) $ 34,551 $ 34,087 Less Eliminations (2) (975 ) (845 ) $ 33,576 $ 33,242 Interest expense and financing costs (20,895 ) (25,732 ) Investment income 611 - Loss on extinguishment of debt (2,824 ) - Income before income taxes $ 10,468 $ 7,510 Assets Smokeless Products $ 82,819 $ 86,232 Smoking Products 539,834 510,138 NewGen Products 11,146 15,090 Other (1) 32,422 32,430 666,221 643,890 Less Eliminations (2) (421,487 ) (386,881 ) $ 244,734 $ 257,009 (1) “Other” includes our assets that are not assigned to our three reportable segments, such as intercompany transfers and investments in subsidiaries. All goodwill has been allocated to our reportable segments. (2) “Elimination” includes the elimination of intercompany accounts between segments and investments in subsidiaries. Net Sales - Domestic and Foreign (in thousands) The tables below present financial information about our domestic and foreign net sales for the three and nine months ended September 30, 2016 and 2015: Three Months Ended September 30, 2016 September 30, 2015 Domestic $ 48,469 $ 48,007 Foreign 2,490 3,424 Net Sales $ 50,959 $ 51,431 Nine Months Ended September 30, 2016 September 30, 2015 Domestic $ 144,568 $ 143,053 Foreign 7,838 7,463 Net Sales $ 152,406 $ 150,516

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2016
Basis of Presentation [Abstract]
Basis of Presentation	Turning Point Brands, Inc. (formerly known as North Atlantic Holding Company, Inc.), (the “Company”) is a holding company which owns NATC Holding Company, Inc. (“NATC Holding”) and its subsidiaries and Turning Point Brands, LLC (“TPLLC”) and its subsidiary, Intrepid Brands, LLC (“Intrepid”). Except where the context otherwise requires, references to the Company include the Company, NATC Holding and its subsidiary, North Atlantic Trading Company, Inc. (“NATC”) and its subsidiaries, National Tobacco Company, L.P. ), North Atlantic Operating Company, Inc. (“NAOC”), North Atlantic Cigarette Company, Inc. (“NACC”), National Tobacco Finance Corporation (“NTFC”), Fred Stoker & Sons, Inc., RBJ Sales, Inc. and Stoker, Inc. (collectively, “Stoker”) and TPLLC and Intrepid. The accompanying interim condensed consolidated financial statements have been prepared in accordance with our accounting practices described in our audited consolidated financial statements as of and for the year ended December 31, 2015, and are unaudited. In the opinion of management, the unaudited interim condensed consolidated financial statements included herein contain all adjustments necessary to present fairly our financial position, results of operations and cash flows for the periods indicated. Such adjustments, other than nonrecurring adjustments that have been separately disclosed, are of a normal, recurring nature. The operating results for interim periods are not necessarily indicative of results to be expected for a full year of future interim periods. The unaudited interim condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and accompanying notes as of and for the year ended December 31, 2015. The accompanying interim condensed consolidated financial statements are presented in accordance with the rules and regulations of the Securities and Exchange Commission and, accordingly, do not include all the disclosures required by generally accepted accounting principles in the United States (“U.S. GAAP”) with respect to annual financial statements.

Summary of Significant Accoun24

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2016
Summary of Significant Accounting Policies [Abstract]
Consolidation	Consolidation:
Revenue Recognition	Revenue Recognition: © .
Shipping Costs	Shipping Costs:
Master Settlement Agreement Escrow Account	Master Settlement Agreement Escrow Account: Pursuant to the Master Settlement Agreement (the “MSA”) entered into in November 1998 by most states (represented by their attorneys general acting through the National Association of Attorneys General) and subsequent states’ statutes, a “cigarette manufacturer” (which is defined to include a manufacturer of make-your-own (“MYO”) cigarette tobacco) has the option of either becoming a signatory to the MSA or opening, funding, and maintaining an escrow account to have funds available for certain potential tobacco-related liabilities, with sub-accounts on behalf of each settling state. The Company has chosen to open and fund an escrow account as its method of compliance. It is the Company’s policy to record amounts on deposit in the escrow account for prior years as a non-current asset. Each year’s annual obligation is required to be deposited in the escrow account by April 15 of the following year. In addition to the annual deposit, many states have elected to require quarterly deposits for the previous quarter’s sales. As of September 30, 2016 and December 31, 2015, NATC had on deposit approximately $31.9 million and $31.8 million, respectively, in escrow. Effective April 1, 2009, the federal excise tax on MYO products was increased from $1.0969 per pound to $24.78 per pound of tobacco. With this significant increase in the federal excise tax, the Company discontinued its generic category of MYO but continues to sell the Zig-Zag branded MYO. For further discussion of the MSA see our Form S-1/A filed on April 28, 2016 with the SEC, pages F-11 and F-12. The following table represents the amount of deposits by sales year for the MSA escrow account and reflects the decline in annual deposits beginning in 2009, due to the significant increase in federal excise taxes, as described above: Deposits Sales Year September 30, 2016 December 31, 2015 1999 $ 211 $ 211 2000 1,017 1,017 2001 1,673 1,673 2002 2,271 2,271 2003 4,249 4,249 2004 3,715 3,715 2005 4,552 4,552 2006 3,847 3,847 2007 4,167 4,167 2008 3,364 3,364 2009 1,626 1,626 2010 406 406 2011 193 193 2012 199 198 2013 173 173 2014 142 142 2015 97 38 2016 22 - Total $ 31,924 $ 31,842
Food and Drug Administration	Food and Drug Administration (“FDA”): On June 22, 2009, the Family Smoking Prevention and Tobacco Control Act (“FSPTCA”) authorized the Food and Drug Administration (“FDA”) to immediately regulate the manufacture, sale and marketing of four categories of tobacco products – cigarettes, cigarette tobacco, roll-your-own tobacco and smokeless tobacco. On August 8, 2016, the FDA deeming regulation became effective. The deeming regulation gave the FDA the authority to additionally regulate cigars, pipe tobacco, e-cigarettes, vaporizers and e-liquids. The FDA assesses tobacco product user fees on six classes of regulated tobacco products and computes user fees using a methodology similar to the methodology used by the U.S Department of Agriculture to compute the Tobacco Transition Payment Program (“TTPP”, also known as the “Tobacco Buyout”) assessment. First, the total annual congressionally established user fee assessment is allocated among the six classes of tobacco products using the federal excise tax weighted market share of tobacco products subject to regulation. Then, the assessment for each class of tobacco products is divided among individual manufacturers and importers. Prior to October 1, 2016, these FDA user fees applied only to those products then regulated by the FDA. Effective October 1, 2016, the FDA began additionally applying FDA user fees to newly deemed tobacco products subject to FDA user fees as described above, i.e., cigars and pipe tobacco. The Company estimates the fee assessed to it for cigars and pipe tobacco will be approximately $0.3 million for the fourth quarter of 2016.
Recent Accounting Pronouncements Adopted	Recent Accounting Pronouncements Adopted: The Company adopted ASU 2015-03, Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Cost . The Company adopted ASU 2015-17, Income Taxes ( Balance sheet classification of deferred taxes The Company adopted ASU 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting
Recent Accounting Pronouncements	Recent Accounting Pronouncements: In May 2014, the FASB issued Accounting Standards Update (“ASU”), ASU 2014-09, Revenue from Contracts with Customers (Topic 606) Revenue from Contracts with Customers (Topic 606) In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), Leases
Subsequent Events	Subsequent Events: The Company’s management has evaluated events and transactions that occurred from October 1, 2016 through November 10, 2016, the date these unaudited condensed consolidated financial statements were issued, for subsequent events requiring recognition or disclosure in the financial statements.

Summary of Significant Accoun25

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2016
Summary of Significant Accounting Policies [Abstract]
Deposits by Sales Year for MSA Escrow Account	The following table represents the amount of deposits by sales year for the MSA escrow account and reflects the decline in annual deposits beginning in 2009, due to the significant increase in federal excise taxes, as described above: Deposits Sales Year September 30, 2016 December 31, 2015 1999 $ 211 $ 211 2000 1,017 1,017 2001 1,673 1,673 2002 2,271 2,271 2003 4,249 4,249 2004 3,715 3,715 2005 4,552 4,552 2006 3,847 3,847 2007 4,167 4,167 2008 3,364 3,364 2009 1,626 1,626 2010 406 406 2011 193 193 2012 199 198 2013 173 173 2014 142 142 2015 97 38 2016 22 - Total $ 31,924 $ 31,842

Initial Public Offering (Tables

Initial Public Offering (Tables)	9 Months Ended
	Sep. 30, 2016
Initial Public Offering [Abstract]
Voting and Non-Voting Shares of Common Stock Outstanding	The Company had the following voting and non-voting shares of common stock outstanding after the transactions summarized above: Voting shares outstanding before transactions 6,259,480 Shares issued by the Initial Public Offering 6,210,000 Shares issued for 7% Senior Notes 1,289,819 Shares issued for PIK Toggle Notes 3,168,438 Voting shares outstanding after transactions 16,927,737 Non-Voting shares outstanding before and after transactions 938,857 In June 2016, the Board of Directors of the Company approved the conversion of 938,857 shares of non-voting common stock to shares of voting common stock. The Company had the following voting shares of common stock at September 30, 2016: Voting shares outstanding after transactions above 16,927,737 Non-voting shares converted to voting shares 938,857 Voting shares issued as restricted stock, net of forfeitures 26,508 Voting shares issued from exercise of stock options 6,652 Voting shares issued from exercise of warrants 442,558 Voting shares outstanding at September 30, 2016 18,342,312

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2016
Inventories [Abstract]
Inventories	The components of inventories are as follows: September 30, 2016 December 31, 2015 Raw materials and work in process $ 2,604 $ 1,940 Leaf tobacco 24,821 20,839 Finished goods - smokeless products 4,456 3,615 Finished goods - smoking products 15,278 14,077 Finished goods - electronic / vaporizer products 7,046 5,939 Other 1,343 1,237 55,548 47,647 LIFO reserve (3,804 ) (3,308 ) $ 51,744 $ 44,339

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	9 Months Ended
	Sep. 30, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, plant and equipment at September 30, 2016 and December 31, 2015 consists of: September 30, 2016 December 31, 2015 Leasehold improvements $ 2,215 $ 2,196 Machinery and equipment 10,128 8,997 Furniture and fixtures 3,215 3,121 15,558 14,314 Accumulated depreciation (9,606 ) (8,711 ) $ 5,952 $ 5,603

Accrued Expenses (Tables)

Accrued Expenses (Tables)	9 Months Ended
	Sep. 30, 2016
Accrued Expenses [Abstract]
Accrued Expenses	Accrued expenses at September 30, 2016 and December 31, 2015 consist of: September 30, 2016 December 31, 2015 Accrued payroll and related items $ 2,922 $ 3,659 Customer returns and allowances 2,346 2,015 Other 4,659 5,379 $ 9,927 $ 11,053

Notes Payable and Long-Term D30

Notes Payable and Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Payable and Long-Term Debt [Abstract]
Notes Payable and Long-Term Debt	Notes payable and long-term debt consists of the following in order of preference: September 30, 2016 December 31, 2015 First Lien Term Loan $ 146,792 $ 150,555 Second Lien Term Loan 59,067 78,882 PIK Toggle Notes - 58,882 7% Senior Notes - 10,360 205,859 298,679 Less deferred finance charges (4,721 ) (6,257 ) Less current maturities (1,650 ) (1,650 ) Total Notes Payable and Long-Term Debt $ 199,488 $ 290,772
Notes Payable and Long-Term Debt [Abstract]
Interest Rates Applicable to Loans under the Revolving Credit Facility	The interest rates per annum applicable to loans under the Revolving Credit Facility are, at the option of NATC, equal to the applicable Base Rate or LIBOR Rate plus the applicable Interest Margin, as defined below: Pricing Level Average Excess Availability Applicable Margin for Base Rate Loans (the “Base Rate Margin”) Applicable Margin for LIBOR Rate Loans (the “LIBOR Rate Margin”) I > $30,000,000 1.25% 2.25% II < $30,000,000 but > $15,000,000 1.50% 2.50% III < $15,000,000 1.75% 2.75%
Restricted/Non-Restricted Consolidating Balance Sheet	Turning Point Brands, Inc. Consolidating Balance Sheet September 30, 2016 (in thousands) Issuer/ Restricted Non-Restricted Eliminations Consolidated ASSETS Current assets: Cash $ 3,766 $ 644 $ - $ 4,410 Accounts receivable 3,184 210 - 3,394 Inventories 44,391 7,353 - 51,744 Other current assets 6,815 2,461 - 9,276 Total current assets 58,156 10,668 - 68,824 Property, plant and equipment, net 5,867 85 - 5,952 Deferred income taxes 3,999 - (3,999 ) - Deferred financing costs, net 157 - - 157 Goodwill 128,697 - - 128,697 Investment in subsidiaries 44,674 - (44,674 ) - Note receivable 500 - (500 ) - Other intangible assets, net 8,553 - - 8,553 Master Settlement Agreement - escrow deposits 31,924 - - 31,924 Other assets 234 393 - 627 Total assets $ 282,761 $ 11,146 $ (49,173 ) $ 244,734 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current liabilities: Accounts payable $ 3,222 $ 334 $ - $ 3,556 Accrued expenses 9,079 848 - 9,927 Accrued interest expense 359 - - 359 First lien term loan 1,650 - - 1,650 Note payable - 500 (500 ) - Total current liabilities 14,310 1,682 (500 ) 15,492 Notes payable and long-term debt 199,488 - - 199,488 Deferred income taxes 11,059 - (3,999 ) 7,060 Postretirement benefits 4,577 - - 4,577 Pension benefits 314 - - 314 Total Liabilities 229,748 1,682 (4,499 ) 226,931 Stockholders' equity (deficit): Common stock, voting 183 - - 183 Additional paid-in capital 168,917 10,900 (74,995 ) 104,822 Advance to TPB 2,324 (2,324 ) - - Accumulated other comprehensive loss (3,143 ) - - (3,143 ) Retained earnings (accumulated deficit) (115,268 ) 888 30,321 (84,059 ) Total stockholders' equity (deficit) 53,013 9,464 (44,674 ) 17,803 Total liabilities and stockholders' equity (deficit) $ 282,761 $ 11,146 $ (49,173 ) $ 244,734 Turning Point Brands, Inc. Consolidating Balance Sheet December 31, 2015 (in thousands) Issuer/ Restricted Non-Restricted Eliminations Consolidated ASSETS Current assets: Cash $ 3,267 $ 1,568 $ - $ 4,835 Accounts receivable 3,828 112 - 3,940 Inventories 38,065 6,274 - 44,339 Other current assets 5,590 5,248 - 10,838 Total current assets 50,750 13,202 - 63,952 Property, plant and equipment, net 5,603 - - 5,603 Deferred financing costs, net 208 - - 208 Goodwill 128,697 - - 128,697 Investment in subsidiaries 31,489 - (31,489 ) - Other intangible assets, net 8,553 - - 8,553 Master Settlement Agreement - escrow deposits 31,842 - - 31,842 Other assets 3,178 430 - 3,608 Total assets $ 260,320 $ 13,632 $ (31,489 ) $ 242,463 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current liabilities: Accounts payable $ 4,038 $ 49 $ - $ 4,087 Accrued expenses 9,956 1,097 - 11,053 Accrued interest expense 4,329 - - 4,329 First lien term loan 1,650 - - 1,650 Revolving credit facility 18 - - 18 Total current liabilities 19,991 1,146 - 21,137 Notes payable and long-term debt 290,772 - - 290,772 Deferred Income Taxes 7,013 - - 7,013 Postretirement benefits 4,666 - - 4,666 Pension benefits 487 - - 487 Total Liabilities 322,929 1,146 - 324,075 Stockholders' equity (deficit): Common stock, voting 63 - - 63 Common stock, non-voting 9 - - 9 Additional paid-in capital 76,410 11,213 (74,995 ) 12,628 Advance to TPB 793 (793 ) - - Accumulated other comprehensive loss (3,512 ) - - (3,512 ) Retained earnings (accumulated deficit) (136,372 ) 2,066 43,506 (90,800 ) Total stockholders' equity (deficit) (62,609 ) 12,486 (31,489 ) (81,612 ) Total liabilities and stockholders' equity (deficit) $ 260,320 $ 13,632 $ (31,489 ) $ 242,463
Restricted/Non-Restricted Consolidating Statement of Operations	Turning Point Brands, Inc. Consolidating Statement of Operations for the three months ended September 30, 2016 (in thousands) Issuer/ Non-Restricted Consolidated Net sales $ 47,669 $ 3,290 $ 50,959 Cost of sales 23,862 2,479 26,341 Gross profit 23,807 811 24,618 Selling, general and administrative expenses 11,686 1,041 12,727 Operating income (loss) 12,121 (230 ) 11,891 Interest expense and financing costs 5,524 33 5,557 Investment income (279 ) - (279 ) Income before income taxes 6,876 (263 ) 6,613 Income tax benefit (180 ) - (180 ) Net income (loss) $ 7,056 $ (263 ) $ 6,793 Turning Point Brands, Inc. Consolidating Statement of Operations for the nine months ended September 30, 2016 (in thousands) Issuer/ Restricted Non-Restricted Consolidated Net sales $ 142,373 $ 10,033 $ 152,406 Cost of sales 70,485 7,782 78,267 Gross profit 71,888 2,251 74,139 Selling, general and administrative expenses 37,554 3,009 40,563 Operating income (loss) 34,334 (758 ) 33,576 Interest expense and financing costs 20,845 50 20,895 Investment income (611 ) - (611 ) Loss on extinguishment of debt 2,824 - 2,824 Income (loss) before income taxes 11,276 (808 ) 10,468 Income tax expense 642 - 642 Net income (loss) $ 10,634 $ (808 ) $ 9,826 Turning Point Brands, Inc. Consolidating Statement of Operations for the three months ended September 30, 2015 (in thousands) Issuer/ Restricted Non-Restricted Consolidated Net sales $ 47,883 $ 3,548 $ 51,431 Cost of sales 23,497 2,573 26,070 Gross profit 24,386 975 25,361 Selling, general and administrative expenses 10,665 1,174 11,839 Operating income (loss) 13,721 (199 ) 13,522 Interest expense and financing costs 8,627 49 8,676 Income (loss) before income taxes 5,094 (248 ) 4,846 Income tax expense 76 - 76 Net income (loss) $ 5,018 $ (248 ) $ 4,770 Turning Point Brands, Inc. Consolidating Statement of Operations for the nine months ended September 30, 2015 (in thousands) Issuer/ Restricted Non-Restricted Consolidated Net sales $ 136,776 $ 13,740 $ 150,516 Cost of sales 68,284 9,605 77,889 Gross profit 68,492 4,135 72,627 Selling, general and administrative expenses 34,746 4,639 39,385 Operating income (loss) 33,746 (504 ) 33,242 Interest expense and financing costs 25,627 105 25,732 Income (loss) before income taxes 8,119 (609 ) 7,510 Income tax expense 734 - 734 Net income (loss) $ 7,385 $ (609 ) $ 6,776
Restricted/Non-Restricted Consolidating Statement of Cash Flows	Turning Point Brands, Inc. Consolidating Statement of Cash Flows for the nine months ended September 30, 2016 (in thousands) Issuer/ Restricted Non-Restricted Consolidated Cash flows from operating activities: Net income (loss) $ 10,634 $ (808 ) $ 9,826 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Loss on extinguishment 2,824 - 2,824 Depreciation expense 896 - 896 Amortization of deferred financing costs 1,070 - 1,070 Amortization of original issue discount 591 - 591 Interest incurred but not paid on PIK toggle notes 3,422 - 3,422 Interest incurred but not paid on 7% senior notes 329 - 329 Interest paid on PIK toggle notes (9,893 ) - (9,893 ) Deferred income taxes 47 - 47 Stock compensation expense 103 - 103 Restricted stock compensation expense 29 - 29 Member unit compensation expense - 13 13 Changes in operating assets and liabilities: Accounts receivable 644 (98 ) 546 Inventories (6,326 ) (1,079 ) (7,405 ) Other current assets (1,225 ) 2,787 1,562 Other assets (82 ) 37 (45 ) Accounts payable (816 ) 285 (531 ) Accrued pension liabilities 196 - 196 Accrued postretirement liabilities (89 ) - (89 ) Accrued expenses and other (3,719 ) (248 ) (3,967 ) Net cash provided by (used in) operating activities (1,365 ) 889 (476 ) Cash flows from investing activities: Capital expenditures (1,160 ) (85 ) (1,245 ) Note receivable (500 ) 500 - Net cash used in investing activities (1,660 ) 415 (1,245 ) Cash flows from financing activities: Proceeds from revolving credit facility, net (18 ) - (18 ) Proceeds from (payment to) parent, net 1,567 (1,567 ) - Payment of financing costs (200 ) - (200 ) Payment for first lien term loan (3,976 ) - (3,976 ) Payment for second lien term loan (20,000 ) - (20,000 ) Payment of PIK toggle notes (24,107 ) - (24,107 ) Redemption of Intrepid options - (661 ) (661 ) Redemption of Intrepid warrants (5,500 ) - (5,500 ) Warrants exercised 4 - 4 Stock options exercised 8 - 8 Proceeds from issuance of stock 55,746 - 55,746 Net cash provided by financing activities 3,524 (2,228 ) 1,296 Net increase (decrease) in cash 499 (924 ) (425 ) Cash, beginning of period 3,267 1,568 4,835 Cash, end of period $ 3,766 $ 644 $ 4,410 Turning Point Brands, Inc. Consolidating Statement of Cash Flows for the nine months ended September 30, 2015 (in thousands) Issuer/ Restricted Non-Restricted Consolidated Cash flows from operating activities: Net income (loss) $ 7,385 $ (609 ) $ 6,776 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Gain on sale of fixed assets (1 ) - (1 ) Depreciation expense 784 - 784 Amortization of deferred financing costs 1,086 - 1,086 Amortization of original issue discount 785 - 785 Interest incurred but not paid on PIK toggle note 6,057 - 6,057 Interest incurred but not paid on 7% senior notes 426 - 426 Deferred income taxes (7 ) - (7 ) Stock compensation expense 129 - 129 Member unit compensation expense - 82 82 Changes in operating assets and liabilities: Accounts receivable (2,181 ) (387 ) (2,568 ) Inventories (4,132 ) 3,891 (241 ) Other current assets 149 (2,201 ) (2,052 ) Other assets (106 ) - (106 ) Accounts payable 2,442 (933 ) 1,509 Accrued pension liabilities 123 - 123 Accrued postretirement liabilities (94 ) - (94 ) Accrued expenses and other 820 (883 ) (63 ) Net cash provided by (used in) operating activities 13,665 (1,040 ) 12,625 Cash flows from investing activities: Capital expenditures (1,100 ) - (1,100 ) Proceeds from sale of fixed assets 2 - 2 Note receivable - (430 ) (430 ) Net cash used in investing activities (1,098 ) (430 ) (1,528 ) Cash flows from financing activities: Proceeds from (payments for) revolving credit facility, net (3,184 ) - (3,184 ) Proceeds from (payments for) note receivable (1,600 ) 1,600 - Proceeds from issuance of stock 1 - 1 Payments for first lien term loan (6,237 ) - (6,237 ) Prepaid equity issuance costs (305 ) - (305 ) Net cash provided by (used in) financing activities (11,325 ) 1,600 (9,725 ) Net increase in cash 1,242 130 1,372 Cash, beginning of period 8,015 452 8,467 Cash, end of period $ 9,257 $ 582 $ 9,839
First Lien Credit Agreement [Member]
Notes Payable and Long-Term Debt [Abstract]
Total Leverage Ratio	The First Lien Credit Agreement contains customary representations and warranties, events of default, affirmative covenants and negative covenants, which impose restrictions on, among other things, the ability of NATC and its subsidiaries to make investments, pay dividends, sell assets, and incur debt and additional liens. In addition, the First Lien Credit Agreement requires NATC to maintain a total leverage ratio as follows: Period Maximum Ratio Closing Date through March 31, 2015 6.50 to 1.00 April 1, 2015 through September 30, 2016 6.25 to 1.00 October 1, 2016 through September 30, 2017 6.00 to 1.00 October 1, 2017 through September 30, 2018 5.75 to 1.00 October 1, 2018 and thereafter 5.50 to 1.00
Second Lien Credit Agreement [Member]
Notes Payable and Long-Term Debt [Abstract]
Total Leverage Ratio	The Second Lien Credit Agreement has the benefit of a second priority security interest in the Collateral and is guaranteed by the same entities as the First Lien Credit Agreement. The Second Lien Credit Agreement, contains substantially similar representations and warranties, events of default and covenants as the First Lien Credit Agreement; provided, however, that the total leverage ratio required to be maintained by NATC under the Second Lien Credit Agreement is as follows: Period Maximum Ratio Closing Date through March 31, 2015 6.75 to 1.00 April 1, 2015 through September 30, 2016 6.50 to 1.00 October 1, 2016 through September 30, 2017 6.25 to 1.00 October 1, 2017 through September 30, 2018 6.00 to 1.00 October 1, 2018 and thereafter 5.75 to 1.00

Pension and Postretirement Be31

Pension and Postretirement Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2016
Pension and Postretirement Benefit Plans [Abstract]
Components of Net Periodic Benefit Cost	The components of Net Periodic Benefit Cost are as follows: Pension Benefits Postretirement Benefits For the three months ended September 30 2016 2015 2016 2015 Service cost $ 26 $ 31 $ - $ - Interest cost 174 174 52 53 Expected return on plan assets (258 ) (296 ) - - Amortization of gains and losses 123 131 - - Net periodic benefit cost $ 65 $ 40 $ 52 $ 53 Pension Benefits Postretirement Benefits For the nine months ended September 30 2016 2015 2016 2015 Service cost $ 78 $ 93 $ - $ - Interest cost 524 522 157 157 Expected return on plan assets (775 ) (887 ) - - Amortization of gains and losses 369 394 - - Net periodic benefit cost $ 196 $ 122 $ 157 $ 157

Share Incentive Plans (Tables)

Share Incentive Plans (Tables)	9 Months Ended
	Sep. 30, 2016
Share Incentive Plans [Abstract]
Stock Option Activity	Stock option activity for the 2006 and 2015 Plans is summarized below: Incentive Shares Weighted Average Exercise Price Weighted Average Grant Date Fair Value Outstanding, December 31, 2014 1,692,051 $ 2.17 $ 1.19 Exercised (1,043 ) 1.06 0.54 Forfeited (23,337 ) 1.06 0.54 Outstanding, December 31, 2015 1,667,671 2.19 1.20 Granted 53,996 9.26 2.37 Exercised (6,652 ) 1.22 0.64 Forfeited (7,246 ) 3.83 2.17 Outstanding, September 30, 2016 1,707,769 $ 2.41 $ 1.24

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share	The following is a reconciliation of the numerators and denominators of the basic and diluted EPS computations of net income: Three Months Ended September 30, 2016 September 30, 2015 Income Shares Per Income Shares Per Net income (loss) $ 6,793 $ 4,770 Basic EPS: Weighted average 18,094,592 $ 0.38 7,197,928 $ 0.66 Diluted EPS: Effect of Dilutive securities: Stock options and warrants 1,634,627 1,137,380 19,729,219 $ 0.34 8,335,308 $ 0.57 Nine Months Ended September 30, 2016 September 30, 2015 Income Shares Per Income Shares Per Net income $ 9,826 $ 6,776 Basic EPS: Weighted average 15,396,155 $ 0.64 7,197,928 $ 0.94 Diluted EPS: Effect of Dilutive securities: Stock options and warrants 1,572,458 1,156,386 16,968,613 $ 0.58 8,354,314 $ 0.81

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2016
Segment Information [Abstract]
Financial Information of Reportable Segments	The tables below present financial information about reported segments for the three and nine months ended September 30, 2016 and 2015: For the three months ended September 30, September 30, Net Sales Smokeless Products $ 18,909 $ 18,679 Smoking Products 28,760 29,204 NewGen Products 3,290 3,548 $ 50,959 $ 51,431 Operating Income Smokeless Products $ 4,695 $ 4,967 Smoking Products 7,645 8,921 NewGen Products (230 ) (199 ) Other (1) (1 ) - $ 12,109 $ 13,689 Less Eliminations (2) (218 ) (167 ) $ 11,891 $ 13,522 Interest expense and financing costs (5,557 ) (8,676 ) Investment income 279 - Income before income taxes $ 6,613 $ 4,846 Assets Smokeless Products $ 82,819 $ 86,232 Smoking Products 539,834 510,138 NewGen Products 11,146 15,090 Other (1) 32,422 32,430 666,221 643,890 Less Eliminations (2) (421,487 ) (386,881 ) $ 244,734 $ 257,009 (1) “Other” includes our assets that are not assigned to our three reportable segments, such as intercompany transfers and investments in subsidiaries. All goodwill has been allocated to our reportable segments. (2) “Elimination” includes the elimination of intercompany accounts between segments and investments in subsidiaries. For the nine months ended September 30, 2016 September 30, 2015 Net Sales Smokeless Products $ 58,939 $ 54,873 Smoking Products 83,434 81,903 NewGen Products 10,033 13,740 $ 152,406 $ 150,516 Operating Income Smokeless Products $ 13,097 $ 13,189 Smoking Products 22,391 21,554 NewGen Products (758 ) (504 ) Other (1) (179 ) (152 ) $ 34,551 $ 34,087 Less Eliminations (2) (975 ) (845 ) $ 33,576 $ 33,242 Interest expense and financing costs (20,895 ) (25,732 ) Investment income 611 - Loss on extinguishment of debt (2,824 ) - Income before income taxes $ 10,468 $ 7,510 Assets Smokeless Products $ 82,819 $ 86,232 Smoking Products 539,834 510,138 NewGen Products 11,146 15,090 Other (1) 32,422 32,430 666,221 643,890 Less Eliminations (2) (421,487 ) (386,881 ) $ 244,734 $ 257,009 (1) “Other” includes our assets that are not assigned to our three reportable segments, such as intercompany transfers and investments in subsidiaries. All goodwill has been allocated to our reportable segments. (2) “Elimination” includes the elimination of intercompany accounts between segments and investments in subsidiaries.
Net Sales - Domestic and Foreign	The tables below present financial information about our domestic and foreign net sales for the three and nine months ended September 30, 2016 and 2015: Three Months Ended September 30, 2016 September 30, 2015 Domestic $ 48,469 $ 48,007 Foreign 2,490 3,424 Net Sales $ 50,959 $ 51,431 Nine Months Ended September 30, 2016 September 30, 2015 Domestic $ 144,568 $ 143,053 Foreign 7,838 7,463 Net Sales $ 152,406 $ 150,516

Summary of Significant Accoun35

Summary of Significant Accounting Policies (Details) $ in Thousands	3 Months Ended			9 Months Ended
	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)CategoryClass	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)	Apr. 01, 2009$ / lb	Mar. 31, 2009$ / lb
Shipping Costs [Abstract]
Shipping costs		$ 1,700	$ 1,500	$ 4,800	$ 5,200
Master Settlement Agreement Escrow Account [Abstract]
1,999		211		211		$ 211
2,000		1,017		1,017		1,017
2,001		1,673		1,673		1,673
2,002		2,271		2,271		2,271
2,003		4,249		4,249		4,249
2,004		3,715		3,715		3,715
2,005		4,552		4,552		4,552
2,006		3,847		3,847		3,847
2,007		4,167		4,167		4,167
2,008		3,364		3,364		3,364
2,009		1,626		1,626		1,626
2,010		406		406		406
2,011		193		193		193
2,012		199		199		198
2,013		173		173		173
2,014		142		142		142
2,015		97		97		38
2,016		22		22		0
Total		31,924		$ 31,924		31,842
Federal excise tax rate on MYO products (in dollars per pound) | $ / lb							24.78	1.0969
Food and Drug Administration [Abstract]
Number of categories of tobacco products regulated by the FDA | Category				4
Number of classes of regulated tobacco products on which user fees are assessed by the FDA | Class				6
Recent Accounting Pronouncements Adopted [Abstract]
Debt issuance costs		$ 4,721		$ 4,721		6,257
Forecast [Member]
Food and Drug Administration [Abstract]
Tobacco product user fees assessed by the FDA on regulated tobacco products	$ 300
ASU 2015-03 [Member]
Recent Accounting Pronouncements Adopted [Abstract]
Debt issuance costs						6,300
ASU 2015-17 [Member]
Recent Accounting Pronouncements Adopted [Abstract]
Deferred income taxes						$ 400

Initial Public Offering (Detail

Initial Public Offering (Details) $ / shares in Units, $ in Thousands	1 Months Ended			9 Months Ended
	Jun. 30, 2016shares	May 31, 2016USD ($)$ / sharesshares	Apr. 30, 2016shares	Sep. 30, 2016USD ($)shares	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)	Jan. 31, 2014USD ($)	Jan. 13, 2014USD ($)
Initial Public Offering [Abstract]
Stock split conversion ratio			10.43174381
Payment of expenses in connection with Initial Public Offering		$ 3,884		$ 0	$ 305
Payment to purchase and retire Intrepid Warrants		5,500		5,500	0
Payment to redeem and retire PIK Toggle Notes		34,000		24,107	0
Payment to redeem and retire Second Lien Term Notes		20,200
Payments to repurchase and retire options to buy Intrepid Common Units		683
Payroll taxes related to payments to repurchase and retire options to buy Intrepid Common Units		22
Increase in cash		83		(425)	1,372
Second Lien Term Loan [Member]
Initial Public Offering [Abstract]
Payment to redeem and retire Second Lien Term Notes		20,000		20,000	$ 0
Face amount		20,000		$ 60,000		$ 80,000		$ 80,000
Payment of debt redemption penalty		$ 200
Debt redemption penalty percentage		1.00%
7% Senior Notes [Member]
Initial Public Offering [Abstract]
Face amount						$ 12,600	$ 11,000
Interest rate				7.00%		7.00%	7.00%
Warrants Purchased and Retired with Proceeds from Initial Public Offering [Member]
Initial Public Offering [Abstract]
Payment to purchase and retire Intrepid Warrants		$ 3,250
Warrants Purchased and Retired Upon Redemption of 7% Senior Notes and PIK Toggle Notes [Member]
Initial Public Offering [Abstract]
Payment to purchase and retire Intrepid Warrants		$ 2,250
Voting Common Stock [Member]
Initial Public Offering [Abstract]
Stock split conversion ratio			10.43174381
Sales price (in dollars per share) | $ / shares		$ 10
Gross proceeds from sale of common stock		$ 62,100
Common Stock Outstanding [Abstract]
Shares outstanding before transactions (in shares) | shares	16,927,737		6,259,480
Shares issued by the Initial Public Offering (in shares) | shares		6,210,000
Non-voting shares converted to voting shares (in shares) | shares	938,857
Voting shares issued as restricted stock, net of forfeitures (in shares) | shares	26,508
Voting shares issued from exercise of stock options (in shares) | shares	6,652
Voting shares issued from exercise of warrants (in shares) | shares	442,558
Shares outstanding (in shares) | shares		16,927,737		18,342,312
Voting Common Stock [Member] | 7% Senior Notes [Member]
Common Stock Outstanding [Abstract]
Shares issued for Notes (in shares) | shares		1,289,819
Voting Common Stock [Member] | PIK Toggle Notes [Member]
Common Stock Outstanding [Abstract]
Shares issued for Notes (in shares) | shares		3,168,438
Voting Common Stock [Member] | Over-Allotment Option [Member]
Common Stock Outstanding [Abstract]
Shares issued by the Initial Public Offering (in shares) | shares		810,000
Nonvoting Common Stock [Member]
Initial Public Offering [Abstract]
Stock split conversion ratio			10.43174381
Common Stock Outstanding [Abstract]
Shares outstanding before transactions (in shares) | shares	938,857
Shares outstanding (in shares) | shares		938,857		938,857

Fair Value of Financial Instr37

Fair Value of Financial Instruments (Details) $ in Thousands, € in Millions	Sep. 30, 2016USD ($)Contract	May 31, 2016USD ($)	Dec. 31, 2015USD ($)Contract		Dec. 31, 2015EUR (€)Contract	Jan. 31, 2014USD ($)	Jan. 13, 2014USD ($)
Foreign Exchange [Abstract]
Foreign exchange forward contracts	$ 0			[1]
Number of foreign exchange forward contracts held | Contract	0		7		7
PIK Toggle Notes [Member]
Long-Term Debt [Abstract]
Face amount			$ 60,100				$ 45,000
7% Senior Notes [Member]
Long-Term Debt [Abstract]
Face amount			$ 12,600			$ 11,000
Interest rate	7.00%		7.00%		7.00%	7.00%
First Lien Term Loan [Member]
Long-Term Debt [Abstract]
Face amount	$ 147,700		$ 151,700				170,000
Second Lien Term Loan [Member]
Long-Term Debt [Abstract]
Face amount	60,000	$ 20,000	80,000				$ 80,000
Fair Value [Member]
Foreign Exchange [Abstract]
Notional amount | €					€ 5.1
Fair Value [Member] | PIK Toggle Notes [Member]
Long-Term Debt [Abstract]
Long-term debt			60,100
Fair Value [Member] | 7% Senior Notes [Member]
Long-Term Debt [Abstract]
Long-term debt			12,600
Fair Value [Member] | First Lien Term Loan [Member]
Long-Term Debt [Abstract]
Long-term debt	147,700		151,700
Fair Value [Member] | Second Lien Term Loan [Member]
Long-Term Debt [Abstract]
Long-term debt	$ 60,000		$ 80,000
[1]	Insignificant asset.

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Inventories [Abstract]
Percentage of LIFO inventories	55.00%
Raw materials and work in process	$ 2,604	$ 1,940
Leaf tobacco	24,821	20,839
Other	1,343	1,237
Inventory, gross	55,548	47,647
LIFO reserve	(3,804)	(3,308)
Inventory, net	51,744	44,339
Inventory valuation allowance	700	300
Smokeless Products [Member]
Inventories [Abstract]
Finished goods	4,456	3,615
Smoking Products [Member]
Inventories [Abstract]
Finished goods	15,278	14,077
Electronic / Vaporizer Products [Member]
Inventories [Abstract]
Finished goods	$ 7,046	$ 5,939

Property, Plant and Equipment39

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Property, plant and equipment	$ 15,558	$ 14,314
Accumulated depreciation	(9,606)	(8,711)
Property, plant and equipment, net	5,952	5,603
Leasehold Improvements [Member]
Property, Plant and Equipment [Abstract]
Property, plant and equipment	2,215	2,196
Machinery and Equipment [Member]
Property, Plant and Equipment [Abstract]
Property, plant and equipment	10,128	8,997
Furniture and Fixtures [Member]
Property, Plant and Equipment [Abstract]
Property, plant and equipment	$ 3,215	$ 3,121

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Accrued Expenses [Abstract]
Accrued payroll and related items	$ 2,922	$ 3,659
Customer returns and allowances	2,346	2,015
Other	4,659	5,379
Total accrued expenses	$ 9,927	$ 11,053

Notes Payable and Long-Term D41

Notes Payable and Long-Term Debt, Summary of Notes Payable and Long-Term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2016	May 31, 2016	Dec. 31, 2015	Jan. 31, 2014	Jan. 13, 2014
Notes Payable and Long-Term Debt [Abstract]
Notes Payable and Long-Term Debt	$ 205,859		$ 298,679
Less deferred finance charges	(4,721)		(6,257)
Less current maturities	(1,650)		(1,650)
Total Notes Payable and Long-Term Debt	199,488		290,772
First Lien Term Loan [Member]
Notes Payable and Long-Term Debt [Abstract]
Notes Payable and Long-Term Debt	146,792		150,555
Face amount	147,700		151,700		$ 170,000
Second Lien Term Loan [Member]
Notes Payable and Long-Term Debt [Abstract]
Notes Payable and Long-Term Debt	59,067		78,882
Face amount	60,000	$ 20,000	80,000		80,000
PIK Toggle Notes [Member]
Notes Payable and Long-Term Debt [Abstract]
Notes Payable and Long-Term Debt	0		58,882
Face amount			60,100		45,000
7% Senior Notes [Member]
Notes Payable and Long-Term Debt [Abstract]
Notes Payable and Long-Term Debt	0		10,360
Face amount			$ 12,600	$ 11,000
Revolving Credit Facility [Member]
Notes Payable and Long-Term Debt [Abstract]
Maximum borrowing capacity	$ 40,000				$ 40,000

Notes Payable and Long-Term D42

Notes Payable and Long-Term Debt, First Lien Credit Agreement (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended	9 Months Ended
	May 31, 2016	Mar. 31, 2016	Sep. 30, 2016	Sep. 30, 2015
Total Leverage Ratio [Abstract]
Voluntary prepayment	$ 20,200
First Lien Credit Agreement [Member]
Total Leverage Ratio [Abstract]
Voluntary prepayment			$ 3,976	$ 6,237
NATC [Member] | First Lien Credit Agreement [Member]
Notes Payable and Long-Term Debt [Abstract]
Weighted average interest rate			9.00%
Total Leverage Ratio [Abstract]
Voluntary prepayment		$ 2,700
NATC [Member] | First Lien Credit Agreement [Member] | Maximum [Member]
Total Leverage Ratio [Abstract]
Closing Date through March 31, 2015			6.50
April 1, 2015 through September 30, 2016			6.25
October 1, 2016 through September 30, 2017			6
October 1, 2017 through September 30, 2018			5.75
October 1, 2018 and thereafter			5.50
NATC [Member] | First Lien Credit Agreement LIBOR Rate Loans [Member] | LIBOR [Member]
Notes Payable and Long-Term Debt [Abstract]
Margin on variable rate			6.50%
NATC [Member] | First Lien Credit Agreement LIBOR Rate Loans [Member] | LIBOR [Member] | Minimum [Member]
Notes Payable and Long-Term Debt [Abstract]
Interest rate			1.25%
NATC [Member] | First Lien Credit Agreement Base Rate Loans [Member]
Notes Payable and Long-Term Debt [Abstract]
Interest rate			2.25%
Margin on variable rate			5.50%
NATC [Member] | First Lien Credit Agreement Base Rate Loans [Member] | LIBOR [Member]
Notes Payable and Long-Term Debt [Abstract]
Margin on variable rate			1.00%
Term of variable rate			1 month
NATC [Member] | First Lien Credit Agreement Base Rate Loans [Member] | Federal Funds Rate [Member]
Notes Payable and Long-Term Debt [Abstract]
Margin on variable rate			0.50%

Notes Payable and Long-Term D43

Notes Payable and Long-Term Debt, Second Lien Credit Agreement (Details) - USD ($) $ in Thousands	1 Months Ended	9 Months Ended
	May 31, 2016	Sep. 30, 2016	Sep. 30, 2015
Notes Payable and Long-Term Debt [Abstract]
Voluntary prepayment	$ 20,200
Second Lien Term Loan [Member]
Notes Payable and Long-Term Debt [Abstract]
Voluntary prepayment	$ 20,000	$ 20,000	$ 0
NATC [Member] | Second Lien Credit Agreement [Member]
Notes Payable and Long-Term Debt [Abstract]
Weighted average interest rate		11.50%
NATC [Member] | Second Lien Credit Agreement [Member] | Maximum [Member]
Total Leverage Ratio [Abstract]
Closing Date through March 31, 2015		6.75
April 1, 2015 through September 30, 2016		6.50
October 1, 2016 through September 30, 2017		6.25
October 1, 2017 through September 30, 2018		6
October 1, 2018 and thereafter		5.75
NATC [Member] | Second Lien Credit Agreement LIBOR Rate Loans [Member] | LIBOR [Member]
Notes Payable and Long-Term Debt [Abstract]
Margin on variable rate		10.25%
NATC [Member] | Second Lien Credit Agreement LIBOR Rate Loans [Member] | LIBOR [Member] | Minimum [Member]
Notes Payable and Long-Term Debt [Abstract]
Interest rate		1.25%
NATC [Member] | Second Lien Credit Agreement Base Rate Loans [Member]
Notes Payable and Long-Term Debt [Abstract]
Interest rate		2.25%
Margin on variable rate		9.25%
NATC [Member] | Second Lien Credit Agreement Base Rate Loans [Member] | LIBOR [Member]
Notes Payable and Long-Term Debt [Abstract]
Margin on variable rate		1.00%
Term of variable rate		1 month
NATC [Member] | Second Lien Credit Agreement Base Rate Loans [Member] | Federal Funds Rate [Member]
Notes Payable and Long-Term Debt [Abstract]
Margin on variable rate		0.50%

Notes Payable and Long-Term D44

Notes Payable and Long-Term Debt, Revolving Credit Facility (Details) - Revolving Credit Facility [Member] - USD ($)	9 Months Ended
	Sep. 30, 2016	Jan. 13, 2014
Notes Payable and Long-Term Debt [Abstract]
Maximum borrowing capacity	$ 40,000,000	$ 40,000,000
Borrowing base	Borrowing base, which is the sum of (i) 85% of eligible accounts receivable, plus (ii) the lesser of (A) the product of 70% multiplied by the value of eligible inventory and (B) the product of 85% multiplied by the net recovery percentage identified in the most recent inventory appraisal multiplied by the value of eligible inventory, plus (iii) the lesser of (A) the product of 75% multiplied by the value of eligible inventory and (B) the product of 85% multiplied by the net recovery percentage identified in the most recent inventory appraisal multiplied by the value of the eligible finished goods inventory, minus (iv) the aggregate amount of reserves established by the administrative agent.
Balance outstanding	$ 0
NATC [Member] | Minimum [Member]
Notes Payable and Long-Term Debt [Abstract]
Average excess availability	15,000,000
NATC [Member] | Maximum [Member]
Notes Payable and Long-Term Debt [Abstract]
Average excess availability	$ 30,000,000
NATC [Member] | Base Rate [Member]
Notes Payable and Long-Term Debt [Abstract]
Margin on variable rate	1.50%
NATC [Member] | Base Rate [Member] | Minimum [Member]
Notes Payable and Long-Term Debt [Abstract]
Margin on variable rate	1.25%
NATC [Member] | Base Rate [Member] | Maximum [Member]
Notes Payable and Long-Term Debt [Abstract]
Margin on variable rate	1.75%
NATC [Member] | LIBOR [Member]
Notes Payable and Long-Term Debt [Abstract]
Margin on variable rate	2.50%
NATC [Member] | LIBOR [Member] | Minimum [Member]
Notes Payable and Long-Term Debt [Abstract]
Margin on variable rate	2.25%
NATC [Member] | LIBOR [Member] | Maximum [Member]
Notes Payable and Long-Term Debt [Abstract]
Margin on variable rate	2.75%

Notes Payable and Long-Term D45

Notes Payable and Long-Term Debt, PIK Toggle Notes (Details) $ / shares in Units, $ in Millions	1 Months Ended	9 Months Ended
	Apr. 30, 2016shares	Sep. 30, 2016	Dec. 31, 2015USD ($)	Jan. 13, 2014USD ($)$ / sharesshares
Notes Payable and Long-Term Debt [Abstract]
Stock split conversion ratio	10.43174381
PIK Toggle Notes [Member]
Notes Payable and Long-Term Debt [Abstract]
Face amount			$ 60.1	$ 45
Number of shares of TPB common stock that can be purchased with warrants (in shares) | shares	442,558			42,424
Purchase price of common stock (in dollars per unit) | $ / shares				$ 0.01
Original issue discount				$ 1.7
Issue price				$ 43.3
PIK Toggle Notes [Member] | LIBOR [Member]
Notes Payable and Long-Term Debt [Abstract]
Margin on variable rate		13.75%
PIK Toggle Notes [Member] | LIBOR [Member] | Minimum [Member]
Notes Payable and Long-Term Debt [Abstract]
Interest rate		1.25%

Notes Payable and Long-Term D46

Notes Payable and Long-Term Debt, 7% Senior Notes (Details) - USD ($) $ / shares in Units, $ in Millions	Sep. 30, 2016	Dec. 31, 2015	Jan. 31, 2014
Intrepid Brands, LLC [Member]
Notes Payable and Long-Term Debt [Abstract]
Number of membership units in Intrepid that can be purchased with warrants (in shares)			11,000,000
Percentage of Common Units called by warrants to total Common Units outstanding			40.00%
Purchase price of common unit (in dollars per unit)			$ 1
7% Senior Notes [Member]
Notes Payable and Long-Term Debt [Abstract]
Interest rate	7.00%	7.00%	7.00%
Face amount		$ 12.6	$ 11
Original issue discount			2.8
Issue price			$ 8.2

Notes Payable and Long-Term D47

Notes Payable and Long-Term Debt, Restricted/Non-Restricted Consolidating Balance Sheet (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014
Current assets [Abstract]
Cash	$ 4,410	$ 4,835	$ 9,839	$ 8,467
Accounts receivable	3,394	3,940
Inventories	51,744	44,339
Other current assets	9,276	10,838
Total current assets	68,824	63,952
Property, plant and equipment, net	5,952	5,603
Deferred income taxes	0
Deferred financing costs, net	157	208
Goodwill	128,697	128,697
Investment in subsidiaries	0	0
Note receivable	0
Other intangible assets, net	8,553	8,553
Master Settlement Agreement - escrow deposits	31,924	31,842
Other assets	627	3,608
Total assets	244,734	242,463	257,009
Current liabilities [Abstract]
Accounts payable	3,556	4,087
Accrued expenses	9,927	11,053
Accrued interest expense	359	4,329
First lien term loan	1,650	1,650
Note payable	0
Revolving credit facility	0	18
Total current liabilities	15,492	21,137
Notes payable and long-term debt	199,488	290,772
Deferred income taxes	7,060	7,013
Postretirement benefits	4,577	4,666
Pension benefits	314	487
Total liabilities	226,931	324,075
Stockholders' equity (deficit) [Abstract]
Additional paid-in capital	104,822	12,628
Advance to TPB	0	0
Accumulated other comprehensive loss	(3,143)	(3,512)
Retained earnings (accumulated deficit)	(84,059)	(90,800)
Total stockholders' equity (deficit)	17,803	(81,612)
Total liabilities and stockholders' equity (deficit)	244,734	242,463
Eliminations [Member]
Current assets [Abstract]
Cash	0	0
Accounts receivable	0	0
Inventories	0	0
Other current assets	0	0
Total current assets	0	0
Property, plant and equipment, net	0	0
Deferred income taxes	(3,999)
Deferred financing costs, net	0	0
Goodwill	0	0
Investment in subsidiaries	(44,674)	(31,489)
Note receivable	(500)
Other intangible assets, net	0	0
Master Settlement Agreement - escrow deposits	0	0
Other assets	0	0
Total assets	(49,173)	(31,489)
Current liabilities [Abstract]
Accounts payable	0	0
Accrued expenses	0	0
Accrued interest expense	0	0
First lien term loan	0	0
Note payable	(500)
Revolving credit facility		0
Total current liabilities	(500)	0
Notes payable and long-term debt	0	0
Deferred income taxes	(3,999)	0
Postretirement benefits	0	0
Pension benefits	0	0
Total liabilities	(4,499)	0
Stockholders' equity (deficit) [Abstract]
Additional paid-in capital	(74,995)	(74,995)
Advance to TPB	0	0
Accumulated other comprehensive loss	0	0
Retained earnings (accumulated deficit)	30,321	43,506
Total stockholders' equity (deficit)	(44,674)	(31,489)
Total liabilities and stockholders' equity (deficit)	(49,173)	(31,489)
Issuer/Restricted [Member]
Current assets [Abstract]
Cash	3,766	3,267	9,257	8,015
Accounts receivable	3,184	3,828
Inventories	44,391	38,065
Other current assets	6,815	5,590
Total current assets	58,156	50,750
Property, plant and equipment, net	5,867	5,603
Deferred income taxes	3,999
Deferred financing costs, net	157	208
Goodwill	128,697	128,697
Investment in subsidiaries	44,674	31,489
Note receivable	500
Other intangible assets, net	8,553	8,553
Master Settlement Agreement - escrow deposits	31,924	31,842
Other assets	234	3,178
Total assets	282,761	260,320
Current liabilities [Abstract]
Accounts payable	3,222	4,038
Accrued expenses	9,079	9,956
Accrued interest expense	359	4,329
First lien term loan	1,650	1,650
Note payable	0
Revolving credit facility		18
Total current liabilities	14,310	19,991
Notes payable and long-term debt	199,488	290,772
Deferred income taxes	11,059	7,013
Postretirement benefits	4,577	4,666
Pension benefits	314	487
Total liabilities	229,748	322,929
Stockholders' equity (deficit) [Abstract]
Additional paid-in capital	168,917	76,410
Advance to TPB	2,324	793
Accumulated other comprehensive loss	(3,143)	(3,512)
Retained earnings (accumulated deficit)	(115,268)	(136,372)
Total stockholders' equity (deficit)	53,013	(62,609)
Total liabilities and stockholders' equity (deficit)	282,761	260,320
Non-Restricted [Member]
Current assets [Abstract]
Cash	644	1,568	$ 582	$ 452
Accounts receivable	210	112
Inventories	7,353	6,274
Other current assets	2,461	5,248
Total current assets	10,668	13,202
Property, plant and equipment, net	85	0
Deferred income taxes	0
Deferred financing costs, net	0	0
Goodwill	0	0
Investment in subsidiaries	0	0
Note receivable	0
Other intangible assets, net	0	0
Master Settlement Agreement - escrow deposits	0	0
Other assets	393	430
Total assets	11,146	13,632
Current liabilities [Abstract]
Accounts payable	334	49
Accrued expenses	848	1,097
Accrued interest expense	0	0
First lien term loan	0	0
Note payable	500
Revolving credit facility		0
Total current liabilities	1,682	1,146
Notes payable and long-term debt	0	0
Deferred income taxes	0	0
Postretirement benefits	0	0
Pension benefits	0	0
Total liabilities	1,682	1,146
Stockholders' equity (deficit) [Abstract]
Additional paid-in capital	10,900	11,213
Advance to TPB	(2,324)	(793)
Accumulated other comprehensive loss	0	0
Retained earnings (accumulated deficit)	888	2,066
Total stockholders' equity (deficit)	9,464	12,486
Total liabilities and stockholders' equity (deficit)	11,146	13,632
Voting Common Stock [Member]
Stockholders' equity (deficit) [Abstract]
Common stock	183	63
Voting Common Stock [Member] | Eliminations [Member]
Stockholders' equity (deficit) [Abstract]
Common stock	0	0
Voting Common Stock [Member] | Issuer/Restricted [Member]
Stockholders' equity (deficit) [Abstract]
Common stock	183	63
Voting Common Stock [Member] | Non-Restricted [Member]
Stockholders' equity (deficit) [Abstract]
Common stock	0	0
Common Stock, Nonvoting [Member]
Stockholders' equity (deficit) [Abstract]
Common stock	$ 0	9
Common Stock, Nonvoting [Member] | Eliminations [Member]
Stockholders' equity (deficit) [Abstract]
Common stock		0
Common Stock, Nonvoting [Member] | Issuer/Restricted [Member]
Stockholders' equity (deficit) [Abstract]
Common stock		9
Common Stock, Nonvoting [Member] | Non-Restricted [Member]
Stockholders' equity (deficit) [Abstract]
Common stock		$ 0

Notes Payable and Long-Term D48

Notes Payable and Long-Term Debt, Restricted/Non-Restricted Consolidating Statement of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Consolidating Statement of Operations [Abstract]
Net sales	$ 50,959	$ 51,431	$ 152,406	$ 150,516
Cost of sales	26,341	26,070	78,267	77,889
Gross profit	24,618	25,361	74,139	72,627
Selling, general and administrative expenses	12,727	11,839	40,563	39,385
Operating income	11,891	13,522	33,576	33,242
Interest expense and financing costs	5,557	8,676	20,895	25,732
Investment income	(279)	0	(611)	0
Loss on extinguishment of debt			2,824	0
Income before income taxes	6,613	4,846	10,468	7,510
Income tax benefit	(180)	76	642	734
Net income	6,793	4,770	9,826	6,776
Issuer/Restricted [Member]
Consolidating Statement of Operations [Abstract]
Net sales	47,669	47,883	142,373	136,776
Cost of sales	23,862	23,497	70,485	68,284
Gross profit	23,807	24,386	71,888	68,492
Selling, general and administrative expenses	11,686	10,665	37,554	34,746
Operating income	12,121	13,721	34,334	33,746
Interest expense and financing costs	5,524	8,627	20,845	25,627
Investment income	(279)		(611)
Loss on extinguishment of debt			2,824
Income before income taxes	6,876	5,094	11,276	8,119
Income tax benefit	(180)	76	642	734
Net income	7,056	5,018	10,634	7,385
Non-Restricted [Member]
Consolidating Statement of Operations [Abstract]
Net sales	3,290	3,548	10,033	13,740
Cost of sales	2,479	2,573	7,782	9,605
Gross profit	811	975	2,251	4,135
Selling, general and administrative expenses	1,041	1,174	3,009	4,639
Operating income	(230)	(199)	(758)	(504)
Interest expense and financing costs	33	49	50	105
Investment income	0		0
Loss on extinguishment of debt			0
Income before income taxes	(263)	(248)	(808)	(609)
Income tax benefit	0	0	0	0
Net income	$ (263)	$ (248)	$ (808)	$ (609)

Notes Payable and Long-Term D49

Notes Payable and Long-Term Debt, Restricted/Non-Restricted Consolidating Statement of Cash Flows (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	May 31, 2016	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities [Abstract]
Net income (loss)		$ 6,793	$ 4,770	$ 9,826	$ 6,776
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities [Abstract]
Loss on extinguishment of debt				2,824	0
Gain on sale of fixed assets				0	(1)
Depreciation expense				896	784
Amortization of deferred financing costs				1,070	1,086
Amortization of original issue discount				591	785
Interest paid on PIK Toggle Notes				(9,893)
Deferred income taxes				47	(7)
Stock compensation expense				103	129
Restricted stock compensation expense				29	0
Member unit compensation expense				13	82
Changes in operating assets and liabilities [Abstract]
Accounts receivable				546	(2,568)
Inventories				(7,405)	(241)
Other current assets				1,562	(2,052)
Other assets				(45)	(106)
Accounts payable				(531)	1,509
Accrued pension liabilities				196	123
Accrued postretirement liabilities				(89)	(94)
Accrued expenses and other				(3,967)	(63)
Net cash provided by (used in) operating activities				(476)	12,625
Cash flows from investing activities [Abstract]
Capital expenditures				(1,245)	(1,100)
Proceeds from sale of fixed assets				0	2
Note receivable				0	(430)
Net cash used in investing activities				(1,245)	(1,528)
Cash flows from financing activities [Abstract]
Proceeds from (payments for) revolving credit facility, net				(18)	(3,184)
Proceeds from (payments for) note receivable					0
Proceeds from (payment to) parent, net				0
Payment of financing costs				(200)	0
Payment for lien term loan	$ (20,200)
Prepaid equity issuance costs	(3,884)			0	(305)
Payment of PIK Toggle Notes	(34,000)			(24,107)	0
Redemption of Intrepid options				(661)	0
Redemption of Intrepid warrants	(5,500)			(5,500)	0
Warrants exercised				4
Stock options exercised				8	0
Proceeds from issuance of stock				55,746	1
Net cash provided by (used in) financing activities				1,296	(9,725)
Net increase (decrease) in cash	83			(425)	1,372
Cash, beginning of period				4,835	8,467
Cash, end of period		4,410	9,839	4,410	9,839
PIK Toggle Notes [Member]
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities [Abstract]
Interest incurred but not paid on Notes				3,422	6,057
7% Senior Notes [Member]
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities [Abstract]
Interest incurred but not paid on Notes				329	426
First Lien Term Loan [Member]
Cash flows from financing activities [Abstract]
Payment for lien term loan				(3,976)	(6,237)
Second Lien Term Loan [Member]
Cash flows from financing activities [Abstract]
Payment for lien term loan	$ (20,000)			(20,000)	0
Issuer/Restricted [Member]
Cash flows from operating activities [Abstract]
Net income (loss)		7,056	5,018	10,634	7,385
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities [Abstract]
Loss on extinguishment of debt				2,824
Gain on sale of fixed assets					(1)
Depreciation expense				896	784
Amortization of deferred financing costs				1,070	1,086
Amortization of original issue discount				591	785
Interest paid on PIK Toggle Notes				(9,893)
Deferred income taxes				47	(7)
Stock compensation expense				103	129
Restricted stock compensation expense				29
Member unit compensation expense				0	0
Changes in operating assets and liabilities [Abstract]
Accounts receivable				644	(2,181)
Inventories				(6,326)	(4,132)
Other current assets				(1,225)	149
Other assets				(82)	(106)
Accounts payable				(816)	2,442
Accrued pension liabilities				196	123
Accrued postretirement liabilities				(89)	(94)
Accrued expenses and other				(3,719)	820
Net cash provided by (used in) operating activities				(1,365)	13,665
Cash flows from investing activities [Abstract]
Capital expenditures				(1,160)	(1,100)
Proceeds from sale of fixed assets					2
Note receivable				(500)	0
Net cash used in investing activities				(1,660)	(1,098)
Cash flows from financing activities [Abstract]
Proceeds from (payments for) revolving credit facility, net				(18)	(3,184)
Proceeds from (payments for) note receivable					(1,600)
Proceeds from (payment to) parent, net				1,567
Payment of financing costs				(200)
Prepaid equity issuance costs					(305)
Payment of PIK Toggle Notes				(24,107)
Redemption of Intrepid options				0
Redemption of Intrepid warrants				(5,500)
Warrants exercised				4
Stock options exercised				8
Proceeds from issuance of stock				55,746	1
Net cash provided by (used in) financing activities				3,524	(11,325)
Net increase (decrease) in cash				499	1,242
Cash, beginning of period				3,267	8,015
Cash, end of period		3,766	9,257	3,766	9,257
Issuer/Restricted [Member] | PIK Toggle Notes [Member]
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities [Abstract]
Interest incurred but not paid on Notes				3,422	6,057
Issuer/Restricted [Member] | 7% Senior Notes [Member]
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities [Abstract]
Interest incurred but not paid on Notes				329	426
Issuer/Restricted [Member] | First Lien Term Loan [Member]
Cash flows from financing activities [Abstract]
Payment for lien term loan				(3,976)	(6,237)
Issuer/Restricted [Member] | Second Lien Term Loan [Member]
Cash flows from financing activities [Abstract]
Payment for lien term loan				(20,000)
Non-Restricted [Member]
Cash flows from operating activities [Abstract]
Net income (loss)		(263)	(248)	(808)	(609)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities [Abstract]
Loss on extinguishment of debt				0
Gain on sale of fixed assets					0
Depreciation expense				0	0
Amortization of deferred financing costs				0	0
Amortization of original issue discount				0	0
Interest paid on PIK Toggle Notes				0
Deferred income taxes				0	0
Stock compensation expense				0	0
Restricted stock compensation expense				0
Member unit compensation expense				13	82
Changes in operating assets and liabilities [Abstract]
Accounts receivable				(98)	(387)
Inventories				(1,079)	3,891
Other current assets				2,787	(2,201)
Other assets				37	0
Accounts payable				285	(933)
Accrued pension liabilities				0	0
Accrued postretirement liabilities				0	0
Accrued expenses and other				(248)	(883)
Net cash provided by (used in) operating activities				889	(1,040)
Cash flows from investing activities [Abstract]
Capital expenditures				(85)	0
Proceeds from sale of fixed assets					0
Note receivable				500	(430)
Net cash used in investing activities				415	(430)
Cash flows from financing activities [Abstract]
Proceeds from (payments for) revolving credit facility, net				0	0
Proceeds from (payments for) note receivable					1,600
Proceeds from (payment to) parent, net				(1,567)
Payment of financing costs				0
Payment for lien term loan					0
Prepaid equity issuance costs					0
Payment of PIK Toggle Notes				0
Redemption of Intrepid options				(661)
Redemption of Intrepid warrants				0
Warrants exercised				0
Stock options exercised				0
Proceeds from issuance of stock				0	0
Net cash provided by (used in) financing activities				(2,228)	1,600
Net increase (decrease) in cash				(924)	130
Cash, beginning of period				1,568	452
Cash, end of period		$ 644	$ 582	644	582
Non-Restricted [Member] | PIK Toggle Notes [Member]
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities [Abstract]
Interest incurred but not paid on Notes				0	0
Non-Restricted [Member] | 7% Senior Notes [Member]
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities [Abstract]
Interest incurred but not paid on Notes				0	$ 0
Non-Restricted [Member] | First Lien Term Loan [Member]
Cash flows from financing activities [Abstract]
Payment for lien term loan				0
Non-Restricted [Member] | Second Lien Term Loan [Member]
Cash flows from financing activities [Abstract]
Payment for lien term loan				$ 0

Pension and Postretirement Be50

Pension and Postretirement Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
NATC [Member]
Plan Contributions [Abstract]
Plan contributions			$ 247	$ 250
Pension Benefits [Member]
Net Periodic Benefit Cost [Abstract]
Service cost	$ 26	$ 31	78	93
Interest cost	174	174	524	522
Expected return on plan assets	(258)	(296)	(775)	(887)
Amortization of gains and losses	123	131	369	394
Net periodic benefit cost	65	40	196	122
Pension Benefits [Member] | NATC [Member]
Plan Contributions [Abstract]
Expected contribution to plan in 2016			0
Postretirement Benefits [Member]
Net Periodic Benefit Cost [Abstract]
Service cost	0	0	0	0
Interest cost	52	53	157	157
Expected return on plan assets	0	0	0	0
Amortization of gains and losses	0	0	0	0
Net periodic benefit cost	$ 52	$ 53	157	$ 157
Postretirement Benefits [Member] | NATC [Member]
Plan Contributions [Abstract]
Expected contribution to plan in 2016			$ 300

Share Incentive Plans (Details)

Share Incentive Plans (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015	Apr. 28, 2016
Compensation Expense [Abstract]
Stock compensation expense	$ 99	$ 37	$ 132	$ 129
2015 Plan [Member]
Share Incentive Plans [Abstract]
Number of shares authorized for issuance (in shares)						1,400,000
Number of shares available for grant (in shares)	1,319,496		1,319,496
2015 Plan [Member] | Restricted Stock [Member]
Share Incentive Plans [Abstract]
Number of awards granted (in shares)	26,508		26,508
2015 Plan [Member] | Stock Options [Member]
Share Incentive Plans [Abstract]
Number of awards granted (in shares)	53,996		53,996
2015 Plan [Member] | Stock Options [Member] | Exercise Price $9.26 [Member]
Incentive Shares [Roll Forward]
Outstanding, ending balance (in shares)	53,996		53,996
Weighted Average Exercise Price [Abstract]
Outstanding, ending balance (in dollars per share)	$ 9.26		$ 9.26
Weighted Average Grant Date Fair Value [Abstract]
Outstanding, ending balance (in dollars per share)	$ 2.37		$ 2.37
Number of options exercisable (in shares)	26,998		26,998
Weighted average remaining contractual term			9 years 9 months 18 days
Fair Value Assumptions [Abstract]
Expected life of stock options			5 years 4 months 15 days
Assumed exercise price (in dollars per share)	$ 9.26		$ 9.26
Risk-free interest rate			1.159%
Volatility			25.40%
Dividend yield			0.00%
2006 Plan [Member]
Share Incentive Plans [Abstract]
Number of shares available for grant (in shares)	0		0
2006 Plan [Member] | Stock Options [Member]
Weighted Average Grant Date Fair Value [Abstract]
Intrinsic value of options exercised and vested	$ 0	$ 0	$ 9	$ 7
Fair Value Assumptions [Abstract]
Expected life of stock options			10 years
2006 Plan [Member] | Stock Options [Member] | Exercise Price $1.06 [Member]
Incentive Shares [Roll Forward]
Outstanding, ending balance (in shares)	980,096		980,096
Weighted Average Exercise Price [Abstract]
Outstanding, ending balance (in dollars per share)	$ 1.06		$ 1.06
Weighted Average Grant Date Fair Value [Abstract]
Outstanding, ending balance (in dollars per share)	$ 0.54		$ 0.54
Number of options exercisable (in shares)	980,096		980,096
Weighted average remaining contractual term			1 year 2 months 12 days
Fair Value Assumptions [Abstract]
Expected life of stock options			10 years
Assumed exercise price (in dollars per share)	$ 1.06		$ 1.06
Risk-free interest rate			4.366%
Volatility			30.00%
Dividend yield			0.00%
2006 Plan [Member] | Stock Options [Member] | Exercise Price $3.83 [Member]
Incentive Shares [Roll Forward]
Outstanding, ending balance (in shares)	673,677		673,677
Weighted Average Exercise Price [Abstract]
Outstanding, ending balance (in dollars per share)	$ 3.83		$ 3.83
Weighted Average Grant Date Fair Value [Abstract]
Outstanding, ending balance (in dollars per share)	$ 2.17		$ 2.17
Number of options exercisable (in shares)	673,677		673,677
Weighted average remaining contractual term			6 years
Fair Value Assumptions [Abstract]
Expected life of stock options			10 years
Assumed exercise price (in dollars per share)	$ 3.83		$ 3.83
Risk-free interest rate			3.57%
Volatility			40.00%
Dividend yield			0.00%
2006 and 2015 Plans [Member] | Stock Options [Member]
Incentive Shares [Roll Forward]
Outstanding, beginning balance (in shares)			1,667,671	1,692,051	1,692,051
Granted (in shares)			53,996
Exercised (in shares)			(6,652)		(1,043)
Forfeited (in shares)			(7,246)		(23,337)
Outstanding, ending balance (in shares)	1,707,769		1,707,769		1,667,671
Weighted Average Exercise Price [Abstract]
Outstanding, beginning balance (in dollars per share)			$ 2.19	$ 2.17	$ 2.17
Granted (in dollars per share)			9.26
Exercised (in dollars per share)			1.22		1.06
Forfeited (in dollars per share)			3.83		1.06
Outstanding, ending balance (in dollars per share)	$ 2.41		2.41		2.19
Weighted Average Grant Date Fair Value [Abstract]
Outstanding, beginning balance (in dollars per share)			1.20	$ 1.19	1.19
Granted (in dollars per share)			2.37
Exercised (in dollars per share)			0.64		0.54
Forfeited (in dollars per share)			2.17		0.54
Outstanding, ending balance (in dollars per share)	$ 1.24		$ 1.24		$ 1.20

Unit Incentive Plans and Warr52

Unit Incentive Plans and Warrants for Intrepid Brands, LLC (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	9 Months Ended
	May 31, 2016	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015	Jan. 31, 2014
Purchase of Options [Abstract]
Payments to repurchase and retire options to buy Intrepid Common Units	$ 683
Payroll taxes related to payments for repurchase of options	22
Warrants [Abstract]
Payment to purchase and retire Intrepid Warrants	$ 5,500	$ 5,500	$ 0
7% Senior Notes [Member]
Warrants [Abstract]
Interest rate		7.00%		7.00%	7.00%
Intrepid [Member]
Warrants [Abstract]
Number of membership units in Intrepid that can be purchased with warrants (in shares)					11,000,000
Percentage of Common Units called by warrants to total Common Units outstanding					40.00%
Purchase price of common unit (in dollars per unit)					$ 1

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Earnings Per Share [Abstract]
Net income (loss)	$ 6,793	$ 4,770	$ 9,826	$ 6,776
Basic EPS [Abstract]
Basic weighted average shares (in shares)	18,094,592	7,197,928	15,396,155	7,197,928
Basic EPS (in dollars per share)	$ 0.38	$ 0.66	$ 0.64	$ 0.94
Effect of Dilutive securities [Abstract]
Stock options and warrants (in shares)	1,634,627	1,137,380	1,572,458	1,156,386
Diluted weighted average shares (in shares)	19,729,219	8,335,308	16,968,613	8,354,314
Diluted EPS (in dollars per share)	$ 0.34	$ 0.57	$ 0.58	$ 0.81

Parent-Only Financial Informa54

Parent-Only Financial Information (Details) $ in Thousands	Sep. 30, 2016USD ($)
Parent-Only Financial Information [Abstract]
Restricted assets of consolidated subsidiaries	$ 233,588

Segment Information, Financial

Segment Information, Financial Information of Reportable Segments (Details) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)Segment	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Segment Information [Abstract]
Number of reportable segments | Segment				3
Segment Information [Abstract]
Net sales		$ 50,959	$ 51,431	$ 152,406	$ 150,516
Operating income		11,891	13,522	33,576	33,242
Interest expense and financing costs		(5,557)	(8,676)	(20,895)	(25,732)
Investment income		279	0	611	0
Loss on extinguishment of debt				(2,824)	0
Income before income taxes		6,613	4,846	10,468	7,510
Assets		244,734	257,009	244,734	257,009	$ 242,463
Other [Member]
Segment Information [Abstract]
Operating income	[1]	(1)	0	(179)	(152)
Assets	[1]	32,422	32,430	32,422	32,430
Reportable Segments [Member]
Segment Information [Abstract]
Operating income		12,109	13,689	34,551	34,087
Assets		666,221	643,890	666,221	643,890
Reportable Segments [Member] | Smokeless Products [Member]
Segment Information [Abstract]
Net sales		18,909	18,679	58,939	54,873
Operating income		4,695	4,967	13,097	13,189
Assets		82,819	86,232	82,819	86,232
Reportable Segments [Member] | Smoking Products [Member]
Segment Information [Abstract]
Net sales		28,760	29,204	83,434	81,903
Operating income		7,645	8,921	22,391	21,554
Assets		539,834	510,138	539,834	510,138
Reportable Segments [Member] | NewGen Products [Member]
Segment Information [Abstract]
Net sales		3,290	3,548	10,033	13,740
Operating income		(230)	(199)	(758)	(504)
Assets		11,146	15,090	11,146	15,090
Eliminations [Member]
Segment Information [Abstract]
Operating income	[2]	(218)	(167)	(975)	(845)
Assets	[2]	$ (421,487)	$ (386,881)	$ (421,487)	$ (386,881)
[1]	"Other" includes our assets that are not assigned to our three reportable segments, such as intercompany transfers and investments in subsidiaries. All goodwill has been allocated to our reportable segments.
[2]	"Elimination" includes the elimination of intercompany accounts between segments and investments in subsidiaries.

Segment Information, Net Sales

Segment Information, Net Sales - Domestic and Foreign (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Segment Information [Abstract]
Net sales	$ 50,959	$ 51,431	$ 152,406	$ 150,516
Reportable Geographical Components [Member] | Domestic [Member]
Segment Information [Abstract]
Net sales	48,469	48,007	144,568	143,053
Reportable Geographical Components [Member] | Foreign [Member]
Segment Information [Abstract]
Net sales	$ 2,490	$ 3,424	$ 7,838	$ 7,463