Turning Point Brands (TPB) 10-Q 9 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 06, 2017
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	2,017
Document Fiscal Period Focus	Q3
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2017
Voting Common Stock [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		19,209,793

Consolidated Balance Sheets (un

Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Current assets:
Cash	$ 4,235	$ 2,865
Accounts receivable, net of allowances of $30 in 2017 and $35 in 2016	2,960	2,181
Inventories	64,761	62,185
Other current assets	9,457	11,625
Total current assets	81,413	78,856
Property, plant and equipment, net	8,457	7,590
Deferred income taxes	4,161	6,288
Deferred financing costs, net	668	139
Goodwill	134,620	134,390
Other intangible assets, net	26,611	27,138
Master Settlement Agreement - escrow deposits	30,905	30,410
Other assets	529	209
Total assets	287,364	285,020
Current liabilities:
Accounts payable	7,096	9,153
Accrued liabilities	13,962	15,336
Accrued interest expense	434	394
Current portion of long-term debt	7,850	1,650
Revolving credit facility	15,550	15,034
Total current liabilities	44,892	41,567
Notes payable and long-term debt	187,453	201,541
Postretirement benefits	4,389	4,407
Pension benefits	217	423
Other long-term liabilities	712	3,024
Total liabilities	237,663	250,962
Commitments and contingencies
Stockholders' equity:
Preferred stock; $0.01 par value; authorized shares 40,000,000; issued and outstanding shares -0-	0	0
Additional paid-in capital	103,381	104,895
Accumulated other comprehensive loss	(3,590)	(4,049)
Accumulated deficit	(50,282)	(66,972)
Total stockholders' equity	49,701	34,058
Total liabilities and stockholders' equity	287,364	285,020
Voting Common Stock [Member]
Stockholders' equity:
Common stock	192	184
Nonvoting Common Stock [Member]
Stockholders' equity:
Common stock	$ 0	$ 0

Consolidated Balance Sheets (u3

Consolidated Balance Sheets (unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Current assets:
Accounts receivable, allowance	$ 30	$ 35
Stockholders' equity:
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
Preferred stock, shares outstanding (in shares)	0	0
Voting Common Stock [Member]
Stockholders' equity:
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)	19,195,153	18,402,022
Common stock, shares outstanding (in shares)	19,195,153	18,402,022
Nonvoting Common Stock [Member]
Stockholders' equity:
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	0
Common stock, shares outstanding (in shares)	0	0

Consolidated Statements of Inco

Consolidated Statements of Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Consolidated Statements of Income (unaudited) [Abstract]
Net sales	$ 73,340	$ 50,959	$ 212,214	$ 152,406
Cost of sales	40,410	26,341	119,623	78,267
Gross profit	32,930	24,618	92,591	74,139
Selling, general and administrative expenses	18,554	12,727	53,823	40,563
Operating income	14,376	11,891	38,768	33,576
Interest expense	4,023	5,557	13,002	20,895
Investment income	(131)	(279)	(334)	(611)
Loss on extinguishment of debt			6,116	2,824
Income before income taxes	10,484	6,613	19,984	10,468
Income tax expense (benefit)	3,110	(180)	3,850	642
Consolidated net income			16,134	9,826
Net loss attributable to non-controlling interest			(556)	0
Net income attributable to Turning Point Brands, Inc.	$ 7,374	$ 6,793	$ 16,690	$ 9,826
Basic earnings per common share:
Net income (in dollars per share)	$ 0.39	$ 0.38	$ 0.88	$ 0.64
Diluted earnings per common share:
Net income (in dollars per share)	$ 0.38	$ 0.34	$ 0.86	$ 0.58
Weighted average common shares outstanding:
Basic (in shares)	19,085,329	18,094,592	18,915,606	15,396,155
Diluted (in shares)	19,589,424	19,729,219	19,503,130	16,968,613

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Consolidated net income	$ 7,374	$ 6,793	$ 16,690	$ 9,826
Consolidated net income			16,134	9,826
Other comprehensive income, net of tax
Tax effect	(43)	0	(132)	0
Unrealized gain on investments, net of tax	12	0	241	0
Other comprehensive income, net of tax	83	123	459	369
Consolidated comprehensive income			16,593	10,195
Comprehensive loss attributable to non-controlling interest			(556)	0
Comprehensive income attributable to Turning Point Brands, Inc.	7,457	6,916	17,149	10,195
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	$ 108	$ 117	$ 332	$ 351

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2017
Other comprehensive income, net of tax
Unrealized gain on investments, tax	$ 8	$ 150

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flows from operating activities:
Consolidated net income	$ 16,134	$ 9,826
Adjustments to reconcile net income to net cash provided by (used) in operating activities:
Loss on extinguishment of debt	6,116	2,824
Loss on sale of property, plant and equipment	17	0
Depreciation expense	1,192	896
Amortization of deferred financing costs	768	1,070
Amortization of original issue discount	66	591
Amortization of other intangible assets	527	0
Deferred income taxes	1,847	47
Stock-based compensation expense	498	145
Changes in operating assets and liabilities:
Accounts receivable	(779)	546
Inventories	(970)	(7,405)
Other current assets	2,383	1,562
Other assets	(105)	(45)
Accounts payable	(2,292)	(531)
Accrued pension liabilities	144	196
Accrued postretirement liabilities	(18)	(89)
Accrued liabilities and other	(5,137)	(3,967)
Net cash provided by (used in) operating activities	20,391	(476)
Cash flows from investing activities:
Acquisitions, net of cash acquired	268	0
Capital expenditures	(1,052)	(1,245)
Net cash used in investing activities	(784)	(1,245)
Cash flows from financing activities:
Proceeds from 2017 revolving credit facility	15,550	0
Payments of financing costs	(4,783)	(200)
Payments of revolving credit facility	(15,083)	(18)
Payments of Vapor Shark loans	(1,867)	0
Prepaid equity issuance costs	(394)	0
Redemption of Intrepid options	0	(661)
Redemption of Intrepid warrants	0	(5,500)
Warrants exercised	0	4
Exercise of options	1,371	8
Redemption of options	(1,740)	0
Surrender of options	(1,000)	0
Proceeds from issuance of stock	0	55,746
Distribution to non-controlling interest	(4)	0
Net cash provided by (used in) financing activities	(18,237)	1,296
Net increase (decrease) in cash	1,370	(425)
Cash, beginning of period	2,865	4,835
Cash, end of period	4,235	4,410
Supplemental schedule of noncash financing activities:
Issuance of restricted stock	0	279
PIK Toggle Notes [Member]
Supplemental schedule of noncash financing activities:
Conversion of notes to equity	0	29,014
7% Senior Notes [Member]
Supplemental schedule of noncash financing activities:
Conversion of notes to equity	0	10,074
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	0	3,422
Interest paid on notes	0	(9,893)
Cash flows from financing activities:
Payment of PIK toggle notes	0	(24,107)
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	0	329
2017 First Lien Term Loans [Member]
Cash flows from financing activities:
Proceeds from term loans	145,000	0
Payments of term loans	(2,925)	0
2017 Second Lien Term Loan [Member]
Cash flows from financing activities:
Proceeds from term loans	55,000	0
First Lien Term Loan [Member]
Cash flows from financing activities:
Payments of term loans	(147,362)	(3,976)
Second Lien Term Loan [Member]
Cash flows from financing activities:
Payments of term loans	$ (60,000)	$ (20,000)

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2017
Basis of Presentation [Abstract]
Basis of Presentation	Note 1. Basis of Presentation: Turning Point Brands, Inc. (the “Company), is a holding company which owns North Atlantic Trading Company, Inc. (“NATC”), and its subsidiaries and Turning Point Brands, LLC (“TPLLC”), and its subsidiaries. Except where the context indicates otherwise, references to the Company include the Company; NATC and its subsidiaries National Tobacco Company, L.P. (“NTC”), National Tobacco Finance Corporation (“NTFC”), North Atlantic Operating Company, Inc. (“NAOC”), Smoke Free Technologies, Inc.—d/b/a VaporBeast (“VaporBeast”)—North Atlantic Cigarette Company, Inc. (“NACC”), and RBJ Sales, Inc. (“RBJ”); and TPLLC and its subsidiaries Intrepid Brands, LLC (“Intrepid”) and Vapor Shark, LLC—f/k/a The Hand Media—and its subsidiaries (collectively, “Vapor Shark”). Effective September 1, 2017, the Company: (1) dissolved NATC Holding Company, formerly a direct subsidiary of the Company which owned NATC and its subsidiaries; (2) transferred direct ownership of Vapor Shark from the Company to TPLLC; and (3) merged Stoker, Inc., and Fred Stoker & Sons, Inc., with and into RBJ Sales, Inc. 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, 2016, 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 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 or 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, 2016. 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 (“GAAP”) with respect to annual financial statements.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2017
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies: Consolidation: Vapor Shark was a variable interest entity (“VIE”) for which the Company was considered the primary beneficiary due to an April 2017 management agreement in which the Company was granted the right to purchase equity of Vapor Shark. The Company did not own Vapor Shark during the second quarter of 2017. On June 30, 2017, the Company exercised a warrant to purchase all of the issued and outstanding equity of Vapor Shark. Beginning June 30, 2017, Vapor Shark became a wholly owned subsidiary of the Company. See ‘Note 4 – Acquisitions’ for details regarding the warrant exercise. Revenue Recognition: The Company recognizes revenues, net of sales incentives and sales returns, including shipping and handling charges billed to customers, upon delivery to the customer. Delivery signifies a transfer of title and risk of loss to the customer in accordance with ASC 605-10-S99. The Company classifies customer rebates as sales deductions in accordance with the requirements of ASC 605-50-25. Shipping Costs: Fair Value: The three levels of the fair value hierarchy under GAAP are described below: Level 1 – Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets at the measurement date. Level 2 – Inputs to the valuation methodology include: quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in inactive markets; inputs other than quoted prices observable for the asset or liability; and inputs derived principally from, or corroborated by, observable market data by correlation or other means. Level 3 – Unobservable inputs which reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. 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. Such companies are entitled to direct the investment of the escrowed funds and withdraw any appreciation, but cannot withdraw the principal for twenty-five years from the year of each annual deposit, except to withdraw funds deposited pursuant to an individual state’s escrow statute to pay a final judgment to that state’s plaintiffs in the event of such a final judgment against the company. The Company has chosen to open, fund, and maintain 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, 2017, the Company had on deposit approximately $32.0 million, the fair value of which was approximately $30.9 million. At December 31, 2016, the Company had on deposit approximately $31.9 million, the fair value of which was approximately $30.4 million . The Company invests a portion of the MSA escrow in U.S. Government securities including TIPS, Treasury Notes, and Treasury Bonds. These investments are classified as available-for-sale and carried at fair value. Realized losses are prohibited under the MSA. Thus, any investment in an unrealized loss position will be held until the value is recovered or until maturity. The following shows the fair value of the MSA escrow account: September 30, December 31, Cost Gross Unrealized Losses Estimated Fair Value Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Cash and cash equivalents $ 3,106 $ - $ 3,106 $ 2,786 $ - $ - $ 2,786 U.S. Governmental agency obligations(unrealized loss position < 12 months) 3,022 (86 ) 2,936 29,156 19 (1,551 ) 27,624 U.S. Governmental agency obligations(unrealized loss position > 12 months) 25,918 (1,055 ) 24,863 - - - - $ 32,046 $ (1,141 ) $ 30,905 $ 31,942 $ 19 $ (1,551 ) $ 30,410 Fair value for the U.S. Governmental agency obligations are Level 2. The following schedule shows the maturities of the U.S. Governmental agency obligations: September 30, 2017 December 31, 2016 Less than five years $ 7,114 $ 9,113 Six to ten years 18,151 16,141 Greater than ten years 3,675 3,902 Total U.S. Governmental agency obligations $ 28,940 $ 29,156 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: Deposits Sales Year September 30, December 31, 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 199 199 2013 173 173 2014 143 142 2015 101 100 2016 80 37 2017 59 - Total $ 32,046 $ 31,942 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 as “deemed” tobacco products under the FSPTCA. 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 various 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. On July 28, 2017, the FDA announced a new direction in regulating tobacco products, including the newly “deemed” markets such as cigars and vapor products. The FDA stated it intends to begin several new rulemaking processes, some of which will outline foundational rules governing the premarket application process for the deemed products, including Substantial Equivalence Applications and Premarket Tobacco Applications. Compliance and related costs could be significant and could increase the costs of operating in our NewGen Segment. The original filing deadlines for newly “deemed” products on the market as of August 8, 2016, have been postponed until August 8, 2021, for “combustible” products (e.g., cigar and pipe) and August 8, 2022, for “non-combustible” products (e.g., vapor products). No other filing deadlines were altered. The FDA also acknowledged a “continuum of risk” among tobacco products, i.e., certain tobacco products pose a greater risk to individual and public health than others, that it intends to seek public comment on the role flavors play in attracting youth and the role flavors may play in helping some smokers switch to potentially less harmful forms of nicotine delivery; and that it would be increasing its focus on the regulation of cigarette products. Recent Accounting Pronouncements Adopted: The Company adopted Accounting Standards Update (“ASU”) 2017-04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment The Company adopted ASU 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory Recent Accounting Pronouncements: In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) , requiring an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The updated standard will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective and permits the use of either a full retrospective or retrospective with cumulative effect transition method. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606) , which delayed the effective date of ASU 2014-09 by one year. ASU 2014-09 is now effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting year. Earlier application is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), Leases In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash In March 2017, the FASB issued ASU 2017-07, Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. ASU 2017-07 is effective for financial statements issued for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. The Company is currently evaluating the effect the adoption of this standard will have on its financial statements Subsequent Events: The Company’s management has evaluated events and transactions that occurred from October 1, 2017, through November 9, 2017, 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, 2017
Initial Public Offering [Abstract]
Initial Public Offering	Note 3. Initial Public Offering (“IPO”): In April 2016, the Company increased the total authorized shares of preferred and voting and non-voting common stock by effecting 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 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 $62.1 million. Refer to the 2016 Annual Report on Form 10-K for use of the proceeds.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2017
Acquisitions [Abstract]
Acquisitions	Note 4. Acquisitions: In March 2017, the Company entered into a strategic partnership with Vapor Shark in which the Company agreed to make a deposit to Vapor Shark in exchange for a warrant to purchase 100% of the equity interest in Vapor Shark on or before April 15, 2018. In the event the Company exercised the warrant, the Company granted Vapor Shark’s shareholder the option to purchase from Vapor Shark the retail stores it owns effective as of January 1, 2018. In April 2017, the Company entered into a management agreement with Vapor Shark whereby the Company obtained control of the operations. As a result of the management agreement, Vapor Shark became a VIE. The Company determined that it is the primary beneficiary and consolidated Vapor Shark as of April 1, 2017. Since Vapor Shark is a business, the Company accounted for the consolidation of the VIE as if it were an acquisition and recorded the assets and liabilities at fair value. The Company exercised its warrant on June 30, 2017, and obtained ownership of Vapor Shark as of that date for a nominal purchase price. There was no goodwill assigned as a result of the transaction. The Company acquired $3.9 million in assets and assumed $3.9 million in liabilities, which includes a liability relating to the option provided to Vapor Shark’s shareholder to purchase the Vapor Shark retail stores it owns. In November 2016, the Company purchased five chewing tobacco brands from Wind River Tobacco Company (“Wind River”) for $2.5 million. The Company paid $0.6 million at closing with the remaining $1.9 million payable quarterly through November 2019, of which $1.4 million was outstanding at September 30, 2017. The transaction was accounted for as an asset purchase with the fair value of the purchase price of $2.4 million assigned to trade names which have an indefinite life. In November 2016, the Company acquired the outstanding stock of VaporBeast for total consideration of $26.5 million, net of working capital adjustment of $0.4 million. The purchase price was satisfied through $4.0 million paid in cash at closing, $19.0 million in short-term notes which were paid in December 2016, and $4.0 million in payments deferred for eighteen months. The Company completed the accounting for the acquisition of VaporBeast in 2017 resulting in an increase in goodwill of $0.2 million. The following purchase price and goodwill are based on the excess of the acquisition price over the estimated fair value of the tangible and intangible assets acquired. Purchase price: Total purchase price $ 27,000 Adjustments to purchase price: Working capital (400 ) Fair value of holdback (128 ) Adjusted purchase price $ 26,472 Assets acquired: Working capital $ 4,270 Property and equipment 7 Other intangible assets 16,272 Net assets acquired $ 20,549 Goodwill $ 5,923 The goodwill of $5.9 million consists of the synergies and scale expected from combining the operations. The goodwill is deductible for tax purposes.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2017
Fair Value of Financial Instruments [Abstract]
Fair Value of Financial Instruments	Note 5. 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: The fair value of the Company’s long-term debt is estimated based on the quoted market prices for the same or similar issues or on the current rates offered to the Company for debt of the same remaining maturities. As of September 30, 2017, the fair values of the 2017 First Lien Term Loans and the 2017 Second Lien Term Loan approximate their face amounts of $142.1 million and $55.0 million, respectively, as the agreements were initiated during the first quarter of 2017. See ‘Note 9: Notes Payable and Long-Term Debt’ for details regarding our credit facilities. As of December 31, 2016, the fair values of the First Lien Term Loans and the Second Lien Term Loan approximated their face amounts of $147.3 million and $60.0 million, respectively, as they were paid off in February 2017 at face amounts. Foreign Exchange: The Company had forward contracts as of December 31, 2016 for the purchase of €4.9 million. liability as of December 31, 2016

Inventories

Inventories	9 Months Ended
	Sep. 30, 2017
Inventories [Abstract]
Inventories	Note 6. Inventories: Inventories are stated at the lower of cost or market. Cost is determined on the last-in, first-out (“LIFO”) method for approximately 47% of the inventories and the first-in, first out (“FIFO”) method for the remaining 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 curing. The components of inventories are as follows: September 30, December 31 Raw materials and work in process $ 2,617 $ 2,596 Leaf tobacco 28,011 27,391 Finished goods - smokeless products 5,441 4,789 Finished goods - smoking products 17,413 18,384 Finished goods - electronic / vaporizer products 14,233 11,993 Other 1,492 1,232 69,207 66,385 LIFO reserve (4,446 ) (4,200 ) $ 64,761 $ 62,185 The inventory valuation allowance as of September 30, 2017, and December 31, 2016 was $0.7 million and $0.6 million, respectively.

Property, Plant and Equipment

Property, Plant and Equipment	9 Months Ended
	Sep. 30, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Note 7. Property, Plant and Equipment: Property, plant and equipment consists of: September 30, December 31, Land $ 22 $ 22 Building and improvements 1,899 1,899 Leasehold improvements 1,873 1,666 Machinery and equipment 12,066 10,532 Furniture and fixtures 3,726 3,409 19,586 17,528 Accumulated depreciation (11,129 ) (9,938 ) $ 8,457 $ 7,590

Accrued Liabilities

Accrued Liabilities	9 Months Ended
	Sep. 30, 2017
Accrued Liabilities [Abstract]
Accrued Liabilities	Note 8. Accrued Liabilities: Accrued liabilities consist of: September 30, December 31, Accrued payroll and related items $ 3,704 $ 5,331 Customer returns and allowances 2,172 2,818 Other 8,086 7,187 $ 13,962 $ 15,336

Notes Payable and Long-Term Deb

Notes Payable and Long-Term Debt	9 Months Ended
	Sep. 30, 2017
Notes Payable and Long-Term Debt [Abstract]
Notes Payable and Long-Term Debt	Note 9. Notes Payable and Long-Term Debt: Notes payable and long-term debt consists of the following: September 30, December 31, 2017 First Lien First Out Term Loan $ 107,250 $ - 2017 First Lien Second Out Term Loan 34,825 - 2017 Second Lien Term Loan 55,000 - Note payable - VaporBeast 2,000 2,000 First Lien Term Loan - 146,451 Second Lien Term Loan - 59,128 Total notes payable and long-term debt 199,075 207,579 Less deferred finance charges (3,772 ) (4,388 ) Less current maturities (7,850 ) (1,650 ) $ 187,453 $ 201,541 Long-term Debt On February 17, 2017, the Company and NATC entered into a new $250 million secured credit facility, comprised of (i) a First Lien Credit Facility with Fifth Third Bank, as administrative agent, and other lenders (the “2017 First Lien Credit Facility”) and (ii) a Second Lien Credit Facility with Prospect Capital Corporation, as administrative agent, and other lenders (the “2017 Second Lien Credit Facility,” and together with the 2017 First Lien Credit Facility, the “2017 Credit Facility”). The Company used the proceeds of the 2017 Credit Facility to repay, in full, the Company’s First Lien Term Loan, Second Lien Term Loan, Revolving Credit Facility and to pay related fees and expenses. The 2017 Credit Facility contains customary events of default, including payment defaults, breaches of representations and warranties, covenant defaults, cross-defaults to certain other material indebtedness in excess of specified amounts, certain events of bankruptcy and insolvency, certain ERISA events, judgments in excess of specified amounts and change in control defaults. The 2017 Credit Facility also contains certain negative covenants customary for facilities of these types including covenants that, subject to exceptions described in the 2017 Credit Facility, restrict the ability of the Company and its subsidiary guarantors: (i) to pledge assets, (ii) to incur additional indebtedness, (iii) to pay dividends, (iv) to make distributions, (v) to sell assets, and (vi) to make investments. 2017 First Lien Credit Facility The 2017 First Lien Credit Facility consists of: (i) a $50 million revolving credit facility (the “2017 Revolving Credit Facility”), (ii) a $110 million first out term loan facility (the “2017 First Out Term Loan”), and (iii) a $35 million second out term loan facility (the “2017 Second Out Term Loan”), which will be repaid in full only after repayment in full of the 2017 First Out Term Loan. The 2017 First Lien Credit Facility also includes an accordion feature allowing the Company to borrow up to an additional $40 million upon the satisfaction of certain conditions, including obtaining commitments from one or more lenders. Borrowings under the 2017 Revolving Credit Facility may be used for general corporate purposes, including acquisitions. The 2017 First Out Term Loan and the 2017 Revolving Credit Facility have a maturity date of February 17, 2022, and the 2017 Second Out Term Loan has a maturity date of May 17, 2022. The 2017 First Out Term Loan and the 2017 Revolving Credit Facility bear interest at LIBOR plus a spread of 2.5% to 3.5% based on the Company’s senior leverage ratio. The 2017 First Out Term Loan has quarterly required payments of $1.4 million beginning June 30, 2017, increasing to $2.1 million on June 30, 2019, and increasing to $2.8 million on June 30, 2021. The 2017 Second Out Term Loan bears interest at LIBOR plus 6% (subject to a floor of 1.00%). The 2017 Second Out Term Loan has quarterly required payments of $0.1 million beginning June 30, 2017. The 2017 First Lien Credit Facility contains certain financial covenants including maximum senior leverage ratio of 3.75x with step-downs to 3.00x, a maximum total leverage ratio of 4.75x with step-downs to 4.00x, and a minimum fixed charge coverage ratio of 1.20x. The weighted average interest rate at September 30, 2017, on the 2017 Revolving Credit Facility was 4.3%. The weighted average interest rate at September 30, 2017, on the 2017 First Out Term Loan was 4.3%. The weighted average interest rate at September 30, 2017, on the 2017 Second Out Term Loan was 7.3%. 2017 Second Lien Credit Facility The 2017 Second Lien Credit Facility consists of a $55 million second lien term loan (the “2017 Second Lien Term Loan”) having a maturity date of August 17, 2022. The 2017 Second Lien Term Loan bears interest at a fixed rate of 11%. The 2017 Second Lien Credit Facility contains certain financial covenants including a maximum senior leverage ratio of 4.25x with step-downs to 3.50x, a maximum total leverage ratio of 5.25x with step-downs to 4.50x, and a minimum fixed charge coverage ratio of 1.10x. Note Payable – VaporBeast On November 30, 2016, the Company issued a note payable to VaporBeast’s former shareholders (“VaporBeast Note”). The VaporBeast Note is $2.0 million principal with 6% interest compounded monthly and matures on May 30, 2018. The VaporBeast Note may be prepaid at any time without penalty and is subject to a late-payment penalty of 5% and a default rate of 13% per annum. The VaporBeast Note is subject to customary defaults, including defaults for nonpayment, nonperformance, any material breach under the purchase agreement, and bankruptcy or insolvency. First Lien Term Loan All of NATC’s subsidiaries, as well as the Company and NATC Holding, were guarantors under the First Lien Term Loan. TPLLC and its subsidiary were not guarantors of the First Lien Term Loan. The First Lien Term Loan was 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 loans bore interest at the LIBOR then in effect (but not less than 1.25%) plus 6.50% and the loans designated as base rate loans bore 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 First Lien Term Loan was paid in full with the proceeds from the 2017 Credit Facility. Second Lien Term Loan The Second Lien Term Loan was secured by a second priority security interest in the Collateral and was guaranteed by the same entities as the First Lien Term Loan. Under the Second Lien Term Loan the loans designated as LIBOR loans bore interest at LIBOR then in effect (but not less than 1.25%) plus 10.25%. The loans designated as base rate loans bore 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 Second Lien Term Loan was paid in full with the proceeds from the 2017 Credit Facility. Revolving Credit Facility The Revolving Credit Facility provided for aggregate commitments of up to $40 million subject to a borrowing base, which was calculated as the sum of (i) 85% of eligible accounts receivable, plus (ii) the lesser of (A) the product of 70% and the value of eligible inventory or (B) the product of 85%, the net recovery percentage identified in the most recent inventory appraisal, and the value of eligible inventory, plus (iii) the lesser of (A) the product of 75% and the value of eligible inventory or (B) the product of 85%, the net recovery percentage identified in the most recent inventory appraisal, and the value of the eligible finished goods inventory, minus (iv) the aggregate amount of reserves established by the administrative agent. The outstanding balance on the Revolving Credit Facility was paid in full with proceeds from the 2017 Credit Facility. 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 the IPO of 10.43174381 to 1, the warrants 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 LIBOR 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. In connection with the IPO, in May 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. As a result of this transaction the Company incurred a loss on extinguishment of debt of $2.8 million during the second quarter of 2016. 7% Senior Notes In January 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. The 7% Senior Notes were 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 2016, the Company redeemed and retired all of the outstanding 7% Senior Notes in exchange for shares of the Company’s voting common stock.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2017
Income Taxes [Abstract]
Income Taxes	Note 10. Income Taxes: The Company’s income tax expense for the three and nine months ended September 30, 2017, does not bear the normal relationship to income before income taxes of approximately 41% due to tax benefits of $0.9 million and $4.5 million relating to stock options exercised during the three and nine months ended September 30, 2017, respectively. The Company’s income tax expense for the three and nine months ended September 30, 2016, 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. A tax position must be more-likely-than-not to be sustained upon examination by taxing authorities for those benefits to be recognized. 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 it 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 2014.

Pension and Postretirement Bene

Pension and Postretirement Benefit Plans	9 Months Ended
	Sep. 30, 2017
Pension and Postretirement Benefit Plans [Abstract]
Pension and Postretirement Benefit Plans	Note 11. Pension and Postretirement Benefit Plans: The components of Net Periodic Benefit Cost are as follows: Pension Benefits Postretirement Benefits Three months ended Three months ended September 30, September 30, September 30, September 30, Service cost $ 26 $ 26 $ - $ - Interest cost 164 174 36 52 Expected return on plan assets (256 ) (258 ) - - Amortization of losses 114 123 - - Net periodic benefit cost $ 48 $ 65 $ 36 $ 52 Pension Benefits Postretirement Benefits Nine months ended Nine months ended September 30, September 30, September 30, September 30, Service cost $ 78 $ 78 $ - $ - Interest cost 484 524 108 157 Expected return on plan assets (768 ) (775 ) - - Amortization of losses 350 369 - - Net periodic benefit cost $ 144 $ 196 $ 108 $ 157 The Company has a defined benefit pension plan. Benefits for hourly employees were based on a stated benefit per year of service, reduced by amounts earned in a previous plan. Benefits for salaried employees were based on years of service and the employees’ final compensation. The defined benefit pension plan is frozen. The Company 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. The Company expects to contribute approximately $0.2 million to its postretirement plan in 2017 for the payment of benefits.

Share Incentive Plans

Share Incentive Plans	9 Months Ended
	Sep. 30, 2017
Share Incentive Plans [Abstract]
Share Incentive Plans	Note 12. 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”), pursuant to which awards 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 the Company’s voting common stock are reserved for issuance as awards to employees, non-employee directors, and consultants 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 vesting criteria for the awards, with such criteria to be specified in the award agreement. As of September 30, 2017, 21,479 shares of restricted stock, 94,000 performance-based restricted stock units, and 187,415 options have been granted to employees of the Company under the 2015 Plan. There are 1,097,106 shares available for grant under the 2015 Plan. On February 7, 2017, the Board of Directors of the Company approved stock option cash-out agreements with three Company officers and a director for the surrender of 83,400 expiring stock options in exchange for payment to the option holders of $11.99 per share. This payment equaled the difference between the exercise price of $1.06 and closing stock price of $13.05 on the approval date, or an aggregate of $1.0 million. On February 8, 2006, the Board of Directors of the Company adopted the 2006 Equity Incentive Plan (the “2006 Plan”) of North Atlantic Holding Company, Inc., pursuant to which awards may be granted to employees. The 2006 Plan provides for the granting of nonqualified stock options and restricted stock awards to employees. Upon the adoption of the Company’s 2015 Equity Incentive Plan in connection with its IPO, the Company determined no additional grants would be made under the 2006 Plan. However, all awards issued under the 2006 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: Stock Weighted Weighted Outstanding, December 31, 2015 1,667,671 $ 2.19 $ 1.20 Granted 53,996 9.26 2.37 Exercised (73,135 ) 2.31 1.27 Forfeited (10,770 ) 3.83 2.17 Outstanding, December 31, 2016 1,637,762 2.41 1.23 Granted 133,819 14.69 4.41 Exercised (907,852 ) 1.51 0.80 Forfeited (401 ) 15.34 4.58 Surrendered (83,400 ) 1.06 0.54 Outstanding, September 30, 2017 779,928 $ 5.70 $ 2.35 Under the 2006 Plan, the total intrinsic value of options exercised during the nine months ended September 30, 2017 and 2016, was $11.7 million and less than $0.1 million, respectively. The total intrinsic value of options surrendered during the nine months ended September 30, 2017, was $1.0 million. At September 30, 2017, under the 2006 Plan, the outstanding stock options’ exercise price for 102,536 options is $1.06 per share, all of which are exercisable. The outstanding stock options’ exercise price for 489,977 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 1.17 years for the options with the $1.06 exercise price and 3.91 years for the options with the $3.83 exercise price. The Company estimates the expected life of these 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, a risk-free interest rate of 4.37%, 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, 2017, under the 2015 Plan, 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 until sufficient information regarding volatility of our share price becomes available or the selected companies are no longer suitable for this purpose. Due to our limited trading history, we are using the “simplified method” to calculate expected holding periods which represent the periods of time for which 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 in the reliability of our calculations. The fair values of these options were determined using the Black-Scholes option pricing model. The following table outlines the assumptions based on the number of options granted under the 2015 Plan. August February May Number of options 53,996 40,000 93,819 Options outstanding 53,996 40,000 93,419 Number exercisable 40,497 - - Exercise price $ 9.26 $ 13.00 $ 15.41 Remaining lives 8.83 9.42 9.67 Risk free interest rate 1.16 % 1.89 % 1.76 % Expected volatility 25.40 % 27.44 % 26.92 % Expected life 5.375 6.000 6.000 Dividend yield - - - Fair value $ 2.37 $ 3.98 $ 4.60 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 related to the options of approximately $0.1 million and less than $0.1 million in the consolidated statements of income for the three months ended September 30, 2017 and 2016, respectively, and approximately $0.2 million and $0.1 million for the nine months ended September 30, 2017 and 2016, respectively. Total unrecognized compensation expense related to options at September 30, 2017, is $0.4 million which will be expensed over 2.2 years. Performance-based restricted stock units (“PRSUs”) are restricted stock units subject to both performance-based and service-based vesting conditions. The number of shares of common stock a recipient will receive upon vesting of a PRSU will be calculated by reference to certain performance metrics related to the Company’s performance over a five-year period. PRSUs will vest on the measurement date, which is no more than 65 days after the performance period, provided the applicable service and performance conditions are satisfied. On March 31, 2017, the Committee granted 94,000 PRSUs to employees of the Company, all of which are unvested at September 30, 2017. The fair value of each PRSU is $15.60, the closing price of the stock on March 31, 2017, the date of grant. The Company recorded compensation expense related to the PRSUs of approximately $0.1 million and $0.2 million in the consolidated statements of income for the three and nine months ended September 30, 2017, respectively, based on the probability of achieving the performance condition. Total unrecognized compensation expense related to these awards at September 30, 2017, is $1.3 million which will be expensed over the service period based on the probability of achieving the performance condition.

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2017
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, 2017
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, September 30, 2017 2016 Income Shares Per Income Shares Per Consolidated net income $ 7,374 $ 6,793 Basic EPS: Weighted average 19,085,329 $ 0.39 18,094,592 $ 0.38 Diluted EPS: Effect of dilutive securities: Stock options and warrants 504,095 1,634,627 19,589,424 $ 0.38 19,729,219 $ 0.34 Nine Months Ended September 30, September 30, 2017 2016 Income Shares Per Income Shares Per Net income attributable to Turning Point Brands, Inc. $ 16,690 $ 9,826 Basic EPS: Weighted average 18,915,606 $ 0.88 15,396,155 $ 0.64 Diluted EPS: Effect of dilutive securities: Stock options and warrants 587,524 1,572,458 19,503,130 $ 0.86 16,968,613 $ 0.58 Due to the IPO in May 2016, the Company’s weighted average shares and basic and diluted earnings per share are significantly different for the nine months ended September 30, 2017, when compared to the prior period.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2017
Segment Information [Abstract]
Segment Information	Note 15. Segment Information: In accordance with ASC 280, Segment Reporting, the Company has three reportable segments: (1) Smokeless products, (2) Smoking products, and (3) NewGen products. The smokeless products segment (a) manufactures and markets moist snuff and (b) contracts for and markets chewing tobacco products. The smoking products segment (a) imports and markets cigarette papers, tubes, and related products and (b) imports and markets finished cigars and MYO cigar wraps. The NewGen products segment (a) markets e-cigarettes, e-liquids, vaporizers, and other related products and (b) distributes a wide assortment of vaping products to non-traditional retail outlets. The Company’s smoking and smokeless products are distributed primarily through wholesale distributors in the United States. The Other segment includes the assets of the Company not assigned to the three reportable segments. Elimination includes the elimination of intercompany accounts between segments. 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: Three Months Ended September 30, September 30, Net sales Smokeless products $ 21,294 $ 18,909 Smoking products 26,860 28,760 NewGen products 25,186 3,290 $ 73,340 $ 50,959 Operating income (loss) Smokeless products $ 6,218 $ 4,695 Smoking products 7,403 7,645 NewGen products 780 (230 ) Other (1) (25 ) (219 ) $ 14,376 $ 11,891 Interest expense $ (4,023 ) $ (5,557 ) Investment income 131 $ 279 Income before income taxes $ 10,484 $ 6,613 Capital expenditures Smokeless products $ 446 $ 426 NewGen products 39 (40 ) $ 485 $ 386 Depreciation and amortization Smokeless products $ 341 $ 310 NewGen products 255 - $ 596 $ 310 Nine Months Ended September 30, 2017 September 30, 2016 Net sales Smokeless products $ 63,563 $ 58,939 Smoking products 81,056 83,434 NewGen products 67,595 10,033 $ 212,214 $ 152,406 Operating income (loss) Smokeless products $ 15,088 $ 13,097 Smoking products 21,095 22,391 NewGen products 2,646 (758 ) Other (1) (61 ) (1,154 ) $ 38,768 $ 33,576 Interest expense $ (13,002 ) $ (20,895 ) Investment income 334 $ 611 Loss on extinguishment of debt (6,116 ) (2,824 ) Income before income taxes $ 19,984 $ 10,468 Capital expenditures Smokeless products $ 973 $ 1,160 NewGen products 79 85 $ 1,052 $ 1,245 Depreciation and amortization Smokeless products $ 1,046 $ 896 NewGen products 672 - $ 1,718 $ 896 September 30, 2017 December 31, 2016 Assets Smokeless products $ 88,327 $ 85,559 Smoking products 149,552 150,498 NewGen products 45,023 39,416 Other (1) 4,462 9,547 $ 287,364 $ 285,020 (1) “Other” includes our assets that are not assigned to our three reportable segments, such as deferred taxes and eliminations. All goodwill has been allocated to our reportable segments. Net Sales - Domestic and Foreign The tables below present financial information about our domestic and foreign net sales: Three Months Ended September 30, 2017 September 30, 2016 Domestic $ 69,484 $ 48,469 Foreign 3,856 2,490 Net Sales $ 73,340 $ 50,959 Nine Months Ended September 30, 2017 September 30, 2016 Domestic $ 203,210 $ 144,568 Foreign 9,004 7,838 Net Sales $ 212,214 $ 152,406

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2017
Subsequent Event [Abstract]
Subsequent Event	Note 16. Subsequent Events: On November 9, 2017, the Company’s Board of Directors approved the initiation of a cash dividend to shareholders. The initial quarterly dividend of $0.04 per common share will be paid on December 15, 2017 to shareholders of record at the close of business on November 27, 2017.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2017
Basis of Presentation [Abstract]
Basis of Presentation	Turning Point Brands, Inc. (the “Company), is a holding company which owns North Atlantic Trading Company, Inc. (“NATC”), and its subsidiaries and Turning Point Brands, LLC (“TPLLC”), and its subsidiaries. Except where the context indicates otherwise, references to the Company include the Company; NATC and its subsidiaries National Tobacco Company, L.P. (“NTC”), National Tobacco Finance Corporation (“NTFC”), North Atlantic Operating Company, Inc. (“NAOC”), Smoke Free Technologies, Inc.—d/b/a VaporBeast (“VaporBeast”)—North Atlantic Cigarette Company, Inc. (“NACC”), and RBJ Sales, Inc. (“RBJ”); and TPLLC and its subsidiaries Intrepid Brands, LLC (“Intrepid”) and Vapor Shark, LLC—f/k/a The Hand Media—and its subsidiaries (collectively, “Vapor Shark”). Effective September 1, 2017, the Company: (1) dissolved NATC Holding Company, formerly a direct subsidiary of the Company which owned NATC and its subsidiaries; (2) transferred direct ownership of Vapor Shark from the Company to TPLLC; and (3) merged Stoker, Inc., and Fred Stoker & Sons, Inc., with and into RBJ Sales, Inc. 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, 2016, 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 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 or 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, 2016. 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 (“GAAP”) with respect to annual financial statements.

Summary of Significant Accoun25

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2017
Summary of Significant Accounting Policies [Abstract]
Consolidation	Consolidation:
Variable Interest Entity	Vapor Shark was a variable interest entity (“VIE”) for which the Company was considered the primary beneficiary due to an April 2017 management agreement in which the Company was granted the right to purchase equity of Vapor Shark. The Company did not own Vapor Shark during the second quarter of 2017. On June 30, 2017, the Company exercised a warrant to purchase all of the issued and outstanding equity of Vapor Shark. Beginning June 30, 2017, Vapor Shark became a wholly owned subsidiary of the Company. See ‘Note 4 – Acquisitions’ for details regarding the warrant exercise.
Revenue Recognition	Revenue Recognition: The Company recognizes revenues, net of sales incentives and sales returns, including shipping and handling charges billed to customers, upon delivery to the customer. Delivery signifies a transfer of title and risk of loss to the customer in accordance with ASC 605-10-S99. The Company classifies customer rebates as sales deductions in accordance with the requirements of ASC 605-50-25.
Shipping Costs	Shipping Costs:
Fair Value	Fair Value: The three levels of the fair value hierarchy under GAAP are described below: Level 1 – Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets at the measurement date. Level 2 – Inputs to the valuation methodology include: quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in inactive markets; inputs other than quoted prices observable for the asset or liability; and inputs derived principally from, or corroborated by, observable market data by correlation or other means. Level 3 – Unobservable inputs which reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date.
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. Such companies are entitled to direct the investment of the escrowed funds and withdraw any appreciation, but cannot withdraw the principal for twenty-five years from the year of each annual deposit, except to withdraw funds deposited pursuant to an individual state’s escrow statute to pay a final judgment to that state’s plaintiffs in the event of such a final judgment against the company. The Company has chosen to open, fund, and maintain 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, 2017, the Company had on deposit approximately $32.0 million, the fair value of which was approximately $30.9 million. At December 31, 2016, the Company had on deposit approximately $31.9 million, the fair value of which was approximately $30.4 million . The Company invests a portion of the MSA escrow in U.S. Government securities including TIPS, Treasury Notes, and Treasury Bonds. These investments are classified as available-for-sale and carried at fair value. Realized losses are prohibited under the MSA. Thus, any investment in an unrealized loss position will be held until the value is recovered or until maturity. The following shows the fair value of the MSA escrow account: September 30, December 31, Cost Gross Unrealized Losses Estimated Fair Value Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Cash and cash equivalents $ 3,106 $ - $ 3,106 $ 2,786 $ - $ - $ 2,786 U.S. Governmental agency obligations(unrealized loss position < 12 months) 3,022 (86 ) 2,936 29,156 19 (1,551 ) 27,624 U.S. Governmental agency obligations(unrealized loss position > 12 months) 25,918 (1,055 ) 24,863 - - - - $ 32,046 $ (1,141 ) $ 30,905 $ 31,942 $ 19 $ (1,551 ) $ 30,410 Fair value for the U.S. Governmental agency obligations are Level 2. The following schedule shows the maturities of the U.S. Governmental agency obligations: September 30, 2017 December 31, 2016 Less than five years $ 7,114 $ 9,113 Six to ten years 18,151 16,141 Greater than ten years 3,675 3,902 Total U.S. Governmental agency obligations $ 28,940 $ 29,156 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: Deposits Sales Year September 30, December 31, 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 199 199 2013 173 173 2014 143 142 2015 101 100 2016 80 37 2017 59 - Total $ 32,046 $ 31,942
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 as “deemed” tobacco products under the FSPTCA. 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 various 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. On July 28, 2017, the FDA announced a new direction in regulating tobacco products, including the newly “deemed” markets such as cigars and vapor products. The FDA stated it intends to begin several new rulemaking processes, some of which will outline foundational rules governing the premarket application process for the deemed products, including Substantial Equivalence Applications and Premarket Tobacco Applications. Compliance and related costs could be significant and could increase the costs of operating in our NewGen Segment. The original filing deadlines for newly “deemed” products on the market as of August 8, 2016, have been postponed until August 8, 2021, for “combustible” products (e.g., cigar and pipe) and August 8, 2022, for “non-combustible” products (e.g., vapor products). No other filing deadlines were altered. The FDA also acknowledged a “continuum of risk” among tobacco products, i.e., certain tobacco products pose a greater risk to individual and public health than others, that it intends to seek public comment on the role flavors play in attracting youth and the role flavors may play in helping some smokers switch to potentially less harmful forms of nicotine delivery; and that it would be increasing its focus on the regulation of cigarette products.
Recent Accounting Pronouncements Adopted	Recent Accounting Pronouncements Adopted: The Company adopted Accounting Standards Update (“ASU”) 2017-04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment The Company adopted ASU 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory
Recent Accounting Pronouncements	Recent Accounting Pronouncements: In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) , requiring an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The updated standard will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective and permits the use of either a full retrospective or retrospective with cumulative effect transition method. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606) , which delayed the effective date of ASU 2014-09 by one year. ASU 2014-09 is now effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting year. Earlier application is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), Leases In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash In March 2017, the FASB issued ASU 2017-07, Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. ASU 2017-07 is effective for financial statements issued for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. The Company is currently evaluating the effect the adoption of this standard will have on its financial statements
Subsequent Events	Subsequent Events: The Company’s management has evaluated events and transactions that occurred from October 1, 2017, through November 9, 2017, the date these unaudited condensed consolidated financial statements were issued, for subsequent events requiring recognition or disclosure in the financial statements.

Summary of Significant Accoun26

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2017
Summary of Significant Accounting Policies [Abstract]
Fair Value of MSA Escrow Account	The following shows the fair value of the MSA escrow account: September 30, December 31, Cost Gross Unrealized Losses Estimated Fair Value Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Cash and cash equivalents $ 3,106 $ - $ 3,106 $ 2,786 $ - $ - $ 2,786 U.S. Governmental agency obligations(unrealized loss position < 12 months) 3,022 (86 ) 2,936 29,156 19 (1,551 ) 27,624 U.S. Governmental agency obligations(unrealized loss position > 12 months) 25,918 (1,055 ) 24,863 - - - - $ 32,046 $ (1,141 ) $ 30,905 $ 31,942 $ 19 $ (1,551 ) $ 30,410
Maturities of U.S. Governmental Agency Obligations	The following schedule shows the maturities of the U.S. Governmental agency obligations: September 30, 2017 December 31, 2016 Less than five years $ 7,114 $ 9,113 Six to ten years 18,151 16,141 Greater than ten years 3,675 3,902 Total U.S. Governmental agency obligations $ 28,940 $ 29,156
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: Deposits Sales Year September 30, December 31, 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 199 199 2013 173 173 2014 143 142 2015 101 100 2016 80 37 2017 59 - Total $ 32,046 $ 31,942

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2017
Acquisitions [Abstract]
Acquisition of VaporBeast	The following purchase price and goodwill are based on the excess of the acquisition price over the estimated fair value of the tangible and intangible assets acquired. Purchase price: Total purchase price $ 27,000 Adjustments to purchase price: Working capital (400 ) Fair value of holdback (128 ) Adjusted purchase price $ 26,472 Assets acquired: Working capital $ 4,270 Property and equipment 7 Other intangible assets 16,272 Net assets acquired $ 20,549 Goodwill $ 5,923

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2017
Inventories [Abstract]
Inventories	The components of inventories are as follows: September 30, December 31 Raw materials and work in process $ 2,617 $ 2,596 Leaf tobacco 28,011 27,391 Finished goods - smokeless products 5,441 4,789 Finished goods - smoking products 17,413 18,384 Finished goods - electronic / vaporizer products 14,233 11,993 Other 1,492 1,232 69,207 66,385 LIFO reserve (4,446 ) (4,200 ) $ 64,761 $ 62,185

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	9 Months Ended
	Sep. 30, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, plant and equipment consists of: September 30, December 31, Land $ 22 $ 22 Building and improvements 1,899 1,899 Leasehold improvements 1,873 1,666 Machinery and equipment 12,066 10,532 Furniture and fixtures 3,726 3,409 19,586 17,528 Accumulated depreciation (11,129 ) (9,938 ) $ 8,457 $ 7,590

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	9 Months Ended
	Sep. 30, 2017
Accrued Liabilities [Abstract]
Accrued Liabilities	Accrued liabilities consist of: September 30, December 31, Accrued payroll and related items $ 3,704 $ 5,331 Customer returns and allowances 2,172 2,818 Other 8,086 7,187 $ 13,962 $ 15,336

Notes Payable and Long-Term D31

Notes Payable and Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Payable and Long-Term Debt [Abstract]
Notes Payable and Long-Term Debt	Notes payable and long-term debt consists of the following: September 30, December 31, 2017 First Lien First Out Term Loan $ 107,250 $ - 2017 First Lien Second Out Term Loan 34,825 - 2017 Second Lien Term Loan 55,000 - Note payable - VaporBeast 2,000 2,000 First Lien Term Loan - 146,451 Second Lien Term Loan - 59,128 Total notes payable and long-term debt 199,075 207,579 Less deferred finance charges (3,772 ) (4,388 ) Less current maturities (7,850 ) (1,650 ) $ 187,453 $ 201,541

Pension and Postretirement Be32

Pension and Postretirement Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2017
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 Three months ended Three months ended September 30, September 30, September 30, September 30, Service cost $ 26 $ 26 $ - $ - Interest cost 164 174 36 52 Expected return on plan assets (256 ) (258 ) - - Amortization of losses 114 123 - - Net periodic benefit cost $ 48 $ 65 $ 36 $ 52 Pension Benefits Postretirement Benefits Nine months ended Nine months ended September 30, September 30, September 30, September 30, Service cost $ 78 $ 78 $ - $ - Interest cost 484 524 108 157 Expected return on plan assets (768 ) (775 ) - - Amortization of losses 350 369 - - Net periodic benefit cost $ 144 $ 196 $ 108 $ 157

Share Incentive Plans (Tables)

Share Incentive Plans (Tables)	9 Months Ended
	Sep. 30, 2017
Share Incentive Plans [Abstract]
Stock Option Activity	Stock option activity for the 2006 and 2015 Plans is summarized below: Stock Weighted Weighted Outstanding, December 31, 2015 1,667,671 $ 2.19 $ 1.20 Granted 53,996 9.26 2.37 Exercised (73,135 ) 2.31 1.27 Forfeited (10,770 ) 3.83 2.17 Outstanding, December 31, 2016 1,637,762 2.41 1.23 Granted 133,819 14.69 4.41 Exercised (907,852 ) 1.51 0.80 Forfeited (401 ) 15.34 4.58 Surrendered (83,400 ) 1.06 0.54 Outstanding, September 30, 2017 779,928 $ 5.70 $ 2.35
Assumptions for Options Granted Under 2015 Plan	The following table outlines the assumptions based on the number of options granted under the 2015 Plan. August February May Number of options 53,996 40,000 93,819 Options outstanding 53,996 40,000 93,419 Number exercisable 40,497 - - Exercise price $ 9.26 $ 13.00 $ 15.41 Remaining lives 8.83 9.42 9.67 Risk free interest rate 1.16 % 1.89 % 1.76 % Expected volatility 25.40 % 27.44 % 26.92 % Expected life 5.375 6.000 6.000 Dividend yield - - - Fair value $ 2.37 $ 3.98 $ 4.60

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2017
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, September 30, 2017 2016 Income Shares Per Income Shares Per Consolidated net income $ 7,374 $ 6,793 Basic EPS: Weighted average 19,085,329 $ 0.39 18,094,592 $ 0.38 Diluted EPS: Effect of dilutive securities: Stock options and warrants 504,095 1,634,627 19,589,424 $ 0.38 19,729,219 $ 0.34 Nine Months Ended September 30, September 30, 2017 2016 Income Shares Per Income Shares Per Net income attributable to Turning Point Brands, Inc. $ 16,690 $ 9,826 Basic EPS: Weighted average 18,915,606 $ 0.88 15,396,155 $ 0.64 Diluted EPS: Effect of dilutive securities: Stock options and warrants 587,524 1,572,458 19,503,130 $ 0.86 16,968,613 $ 0.58

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2017
Segment Information [Abstract]
Financial Information of Reportable Segments	The tables below present financial information about reported segments: Three Months Ended September 30, September 30, Net sales Smokeless products $ 21,294 $ 18,909 Smoking products 26,860 28,760 NewGen products 25,186 3,290 $ 73,340 $ 50,959 Operating income (loss) Smokeless products $ 6,218 $ 4,695 Smoking products 7,403 7,645 NewGen products 780 (230 ) Other (1) (25 ) (219 ) $ 14,376 $ 11,891 Interest expense $ (4,023 ) $ (5,557 ) Investment income 131 $ 279 Income before income taxes $ 10,484 $ 6,613 Capital expenditures Smokeless products $ 446 $ 426 NewGen products 39 (40 ) $ 485 $ 386 Depreciation and amortization Smokeless products $ 341 $ 310 NewGen products 255 - $ 596 $ 310 Nine Months Ended September 30, 2017 September 30, 2016 Net sales Smokeless products $ 63,563 $ 58,939 Smoking products 81,056 83,434 NewGen products 67,595 10,033 $ 212,214 $ 152,406 Operating income (loss) Smokeless products $ 15,088 $ 13,097 Smoking products 21,095 22,391 NewGen products 2,646 (758 ) Other (1) (61 ) (1,154 ) $ 38,768 $ 33,576 Interest expense $ (13,002 ) $ (20,895 ) Investment income 334 $ 611 Loss on extinguishment of debt (6,116 ) (2,824 ) Income before income taxes $ 19,984 $ 10,468 Capital expenditures Smokeless products $ 973 $ 1,160 NewGen products 79 85 $ 1,052 $ 1,245 Depreciation and amortization Smokeless products $ 1,046 $ 896 NewGen products 672 - $ 1,718 $ 896 September 30, 2017 December 31, 2016 Assets Smokeless products $ 88,327 $ 85,559 Smoking products 149,552 150,498 NewGen products 45,023 39,416 Other (1) 4,462 9,547 $ 287,364 $ 285,020 (1) “Other” includes our assets that are not assigned to our three reportable segments, such as deferred taxes and eliminations. All goodwill has been allocated to our reportable segments.
Net Sales - Domestic and Foreign	Net Sales - Domestic and Foreign The tables below present financial information about our domestic and foreign net sales: Three Months Ended September 30, 2017 September 30, 2016 Domestic $ 69,484 $ 48,469 Foreign 3,856 2,490 Net Sales $ 73,340 $ 50,959 Nine Months Ended September 30, 2017 September 30, 2016 Domestic $ 203,210 $ 144,568 Foreign 9,004 7,838 Net Sales $ 212,214 $ 152,406

Summary of Significant Accoun36

Summary of Significant Accounting Policies (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)CategoryClass	Sep. 30, 2016USD ($)	Dec. 31, 2016USD ($)
Shipping Costs [Abstract]
Shipping costs	$ 2,900	$ 1,700	$ 7,400	$ 4,800
Fair Value of MSA Escrow Account [Abstract]
Cost	32,046		32,046		$ 31,942
Gross unrealized gains					19
Gross unrealized losses	(1,141)		(1,141)		(1,551)
Estimated fair value	30,905		30,905		30,410
Maturities of U.S. Governmental Agency Obligations [Abstract]
Less than five years	7,114		7,114		9,113
Six to ten years	18,151		18,151		16,141
Greater than ten years	3,675		3,675		3,902
Total U.S. Governmental agency obligations	28,940		28,940		29,156
Master Settlement Agreement Escrow Account by Sales Year [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		199
2,013	173		173		173
2,014	143		143		142
2,015	101		101		100
2,016	80		80		37
2,017	59		59		0
Total	32,046		$ 32,046		31,942
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
Cash and Cash Equivalents [Member]
Fair Value of MSA Escrow Account [Abstract]
Cost	3,106		$ 3,106		2,786
Gross unrealized gains					0
Gross unrealized losses	0		0		0
Estimated fair value	3,106		3,106		2,786
U. S. Governmental Agency Obligations (Unrealized Loss Position less than 12 Months) [Member]
Fair Value of MSA Escrow Account [Abstract]
Cost	3,022		3,022		29,156
Gross unrealized gains					19
Gross unrealized losses	(86)		(86)		(1,551)
Estimated fair value	2,936		2,936		27,624
U. S. Governmental Agency Obligations (Unrealized Loss Position more than 12 Months) [Member]
Fair Value of MSA Escrow Account [Abstract]
Cost	25,918		25,918		0
Gross unrealized gains					0
Gross unrealized losses	(1,055)		(1,055)		0
Estimated fair value	$ 24,863		$ 24,863		$ 0

Initial Public Offering (Detail

Initial Public Offering (Details) $ / shares in Units, $ in Thousands	1 Months Ended
	May 31, 2016USD ($)$ / sharesshares	Apr. 30, 2016
Voting Common Stock [Member]
Initial Public Offering [Abstract]
Stock split conversion ratio		10.43174381
Shares issued by the Initial Public Offering (in shares)	6,210,000
Share price (in dollars per share) | $ / shares	$ 10
Gross proceeds from sale of common stock | $	$ 62,100
Voting Common Stock [Member] | Over-Allotment Option [Member]
Initial Public Offering [Abstract]
Shares issued by the Initial Public Offering (in shares)	810,000
Nonvoting Common Stock [Member]
Initial Public Offering [Abstract]
Stock split conversion ratio		10.43174381

Acquisitions, Vapor Shark (Deta

Acquisitions, Vapor Shark (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016
Acquisitions [Abstract]
Goodwill	$ 134,620			$ 134,390
Vapor Shark [Member]
Acquisitions [Abstract]
Equity interest to be purchased upon exercise of warrant			100.00%
Goodwill		$ 0
Assets acquired		3,900
Liabilities assumed		$ 3,900

Acquisitions, Wind River Tobacc

Acquisitions, Wind River Tobacco Company (Details) - Wind River Tobacco Company [Member] $ in Millions	1 Months Ended
	Nov. 30, 2016USD ($)Brand	Sep. 30, 2017USD ($)
Acquisitions [Abstract]
Number of brands of chewing tobacco purchased | Brand	5
Purchase price	$ 2.5
Cash paid at closing	0.6
Payments deferred at closing	1.9
Deferred payments outstanding		$ 1.4
Trade Names [Member]
Acquisitions [Abstract]
Indefinite-lived intangible asset acquired	$ 2.4

Acquisitions, VaporBeast (Detai

Acquisitions, VaporBeast (Details) - USD ($) $ in Thousands	1 Months Ended		9 Months Ended
	Dec. 31, 2016	Nov. 30, 2016	Sep. 30, 2017
Assets Acquired [Abstract]
Goodwill	$ 134,390		$ 134,620
VaporBeast [Member]
Acquisitions [Abstract]
Total consideration, net of working capital adjustment		$ 26,500
Cash paid at closing		4,000
Notes issued at closing		19,000
Short-term notes paid after closing	$ 19,000
Payments deferred at closing		4,000
Term of payment deferral at closing			18 months
Increase in goodwill			$ 200
Purchase Price [Abstract]
Total purchase price		27,000
Adjustments to Purchase Price [Abstract]
Working capital		(400)
Fair value of holdback		(128)
Adjusted purchase price		26,472
Assets Acquired [Abstract]
Working capital		4,270
Property and equipment		7
Other intangible assets		16,272
Net assets acquired		20,549
Goodwill		5,923
Goodwill deductible for tax purposes		$ 5,923

Fair Value of Financial Instr41

Fair Value of Financial Instruments (Details) € in Millions, $ in Millions	Sep. 30, 2017USD ($)	Sep. 30, 2017EUR (€)	Feb. 17, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2016EUR (€)
Foreign Exchange Contracts [Member]
Foreign Exchange [Abstract]
Notional amount | €		€ 0			€ 4.9
2017 First Lien Term Loans [Member]
Long-Term Debt [Abstract]
Face amount	$ 142.1
2017 Second Lien Term Loan [Member]
Long-Term Debt [Abstract]
Face amount	55		$ 55
First Lien Term Loan [Member]
Long-Term Debt [Abstract]
Face amount				$ 147.3
Second Lien Term Loan [Member]
Long-Term Debt [Abstract]
Face amount				60
Fair Value [Member] | 2017 First Lien Term Loans [Member]
Long-Term Debt [Abstract]
Long-term debt	142.1
Fair Value [Member] | 2017 Second Lien Term Loan [Member]
Long-Term Debt [Abstract]
Long-term debt	$ 55
Fair Value [Member] | First Lien Term Loan [Member]
Long-Term Debt [Abstract]
Long-term debt				147.3
Fair Value [Member] | Second Lien Term Loan [Member]
Long-Term Debt [Abstract]
Long-term debt				$ 60

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Inventories [Abstract]
Percentage of LIFO inventories	47.00%
Raw materials and work in process	$ 2,617	$ 2,596
Leaf tobacco	28,011	27,391
Other	1,492	1,232
Inventory	69,207	66,385
LIFO reserve	(4,446)	(4,200)
Inventory, net	64,761	62,185
Inventory valuation allowance	700	600
Smokeless Products [Member]
Inventories [Abstract]
Finished goods	5,441	4,789
Smoking Products [Member]
Inventories [Abstract]
Finished goods	17,413	18,384
Electronic / Vaporizer Products [Member]
Inventories [Abstract]
Finished goods	$ 14,233	$ 11,993

Property, Plant and Equipment43

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Property, plant and equipment	$ 19,586	$ 17,528
Accumulated depreciation	(11,129)	(9,938)
Property, plant and equipment, net	8,457	7,590
Land [Member]
Property, Plant and Equipment [Abstract]
Property, plant and equipment	22	22
Building and Improvements [Member]
Property, Plant and Equipment [Abstract]
Property, plant and equipment	1,899	1,899
Leasehold Improvements [Member]
Property, Plant and Equipment [Abstract]
Property, plant and equipment	1,873	1,666
Machinery and Equipment [Member]
Property, Plant and Equipment [Abstract]
Property, plant and equipment	12,066	10,532
Furniture and Fixtures [Member]
Property, Plant and Equipment [Abstract]
Property, plant and equipment	$ 3,726	$ 3,409

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Accrued Liabilities [Abstract]
Accrued payroll and related items	$ 3,704	$ 5,331
Customer returns and allowances	2,172	2,818
Other	8,086	7,187
Total accrued expenses	$ 13,962	$ 15,336

Notes Payable and Long-Term D45

Notes Payable and Long-Term Debt, Summary of Notes Payable and Long-Term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Feb. 17, 2017	Dec. 31, 2016	Nov. 30, 2016
Notes Payable and Long-Term Debt [Abstract]
Notes payable and long-term debt	$ 199,075		$ 207,579
Less deferred finance charges	(3,772)		(4,388)
Less current maturities	(7,850)		(1,650)
Notes payable and long-term debt	187,453		201,541
2017 Credit Facility [Member]
Notes Payable and Long-Term Debt [Abstract]
Face amount		$ 250,000
2017 First Lien First Out Term Loan [Member]
Notes Payable and Long-Term Debt [Abstract]
Notes payable and long-term debt	107,250		0
Face amount		110,000
2017 First Lien Second Out Term Loan [Member]
Notes Payable and Long-Term Debt [Abstract]
Notes payable and long-term debt	34,825		0
Face amount		35,000
2017 Second Lien Term Loan [Member]
Notes Payable and Long-Term Debt [Abstract]
Notes payable and long-term debt	55,000		0
Face amount	55,000	$ 55,000
Note Payable - VaporBeast [Member]
Notes Payable and Long-Term Debt [Abstract]
Notes payable and long-term debt	2,000		2,000
Face amount				$ 2,000
First Lien Term Loan [Member]
Notes Payable and Long-Term Debt [Abstract]
Notes payable and long-term debt	0		146,451
Face amount			147,300
Second Lien Term Loan [Member]
Notes Payable and Long-Term Debt [Abstract]
Notes payable and long-term debt	$ 0		59,128
Face amount			$ 60,000

Notes Payable and Long-Term D46

Notes Payable and Long-Term Debt, 2017 First Lien Credit Facility (Details) $ in Millions	Feb. 17, 2017USD ($)Counterparty	Feb. 17, 2022USD ($)	Sep. 30, 2017	Mar. 31, 2021USD ($)	Mar. 31, 2019USD ($)	May 17, 2022USD ($)
2017 First Lien Credit Facility [Member]
Notes Payable and Long-Term Debt [Abstract]
Additional borrowing capacity	$ 40
2017 First Lien Credit Facility [Member] | Minimum [Member]
Notes Payable and Long-Term Debt [Abstract]
Number of lenders that can provide additional borrowing capacity | Counterparty	1
Senior leverage ratio	3
Total leverage ratio	4
Fixed charge coverage ratio	1.20
2017 First Lien Credit Facility [Member] | Maximum [Member]
Notes Payable and Long-Term Debt [Abstract]
Senior leverage ratio	3.75
Total leverage ratio	4.75
2017 Revolving Credit Facility [Member]
Notes Payable and Long-Term Debt [Abstract]
Maximum borrowing capacity	$ 50
Maturity date			Feb. 17, 2022
Weighted average interest rate			4.30%
2017 Revolving Credit Facility [Member] | LIBOR [Member] | Minimum [Member]
Notes Payable and Long-Term Debt [Abstract]
Margin on variable rate	2.50%
2017 Revolving Credit Facility [Member] | LIBOR [Member] | Maximum [Member]
Notes Payable and Long-Term Debt [Abstract]
Margin on variable rate	3.50%
2017 First Out Term Loan [Member]
Notes Payable and Long-Term Debt [Abstract]
Face amount	$ 110
Maturity date			Feb. 17, 2022
Frequency of required payment			Quarterly
Weighted average interest rate			4.30%
2017 First Out Term Loan [Member] | Forecast [Member]
Notes Payable and Long-Term Debt [Abstract]
Required payment		$ 2.8		$ 2.1	$ 1.4
2017 First Out Term Loan [Member] | LIBOR [Member] | Minimum [Member]
Notes Payable and Long-Term Debt [Abstract]
Margin on variable rate	2.50%
2017 First Out Term Loan [Member] | LIBOR [Member] | Maximum [Member]
Notes Payable and Long-Term Debt [Abstract]
Margin on variable rate	3.50%
2017 Second Out Term Loan [Member]
Notes Payable and Long-Term Debt [Abstract]
Face amount	$ 35
Maturity date			May 17, 2022
Frequency of required payment			Quarterly
Weighted average interest rate			7.30%
2017 Second Out Term Loan [Member] | Forecast [Member]
Notes Payable and Long-Term Debt [Abstract]
Required payment						$ 0.1
2017 Second Out Term Loan [Member] | LIBOR [Member]
Notes Payable and Long-Term Debt [Abstract]
Margin on variable rate	6.00%
Floor interest rate	1.00%

Notes Payable and Long-Term D47

Notes Payable and Long-Term Debt, 2017 Second Lien Credit Facility (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Feb. 17, 2017
2017 Second Lien Credit Facility [Member] | Minimum [Member]
Notes Payable and Long-Term Debt [Abstract]
Senior leverage ratio		3.50
Total leverage ratio		4.50
Fixed charge coverage ratio		1.10
2017 Second Lien Credit Facility [Member] | Maximum [Member]
Notes Payable and Long-Term Debt [Abstract]
Senior leverage ratio		4.25
Total leverage ratio		5.25
2017 Second Lien Term Loan [Member]
Notes Payable and Long-Term Debt [Abstract]
Face amount	$ 55	$ 55
Maturity date	Aug. 17, 2022
Interest rate		11.00%

Notes Payable and Long-Term D48

Notes Payable and Long-Term Debt, Note Payable - VaporBeast (Details) - Note Payable - VaporBeast [Member] - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Nov. 30, 2016
Notes Payable and Long-Term Debt [Abstract]
Face amount		$ 2
Interest rate		6.00%
Maturity date	May 30, 2018
Late payment fee percentage		5.00%
Default interest rate		13.00%

Notes Payable and Long-Term D49

Notes Payable and Long-Term Debt, First Lien Term Loan (Details) - NATC [Member]	2 Months Ended	9 Months Ended
	Feb. 17, 2017	Sep. 30, 2017
First Lien Term Loan LIBOR Rate Loans [Member] | LIBOR [Member]
Notes Payable and Long-Term Debt [Abstract]
Margin on variable rate	6.50%
First Lien Term Loan LIBOR Rate Loans [Member] | LIBOR [Member] | Minimum [Member]
Notes Payable and Long-Term Debt [Abstract]
Interest rate	1.25%
First Lien Term Loan Base Rate Loans [Member]
Notes Payable and Long-Term Debt [Abstract]
Interest rate	2.25%
Margin on variable rate	5.50%
First Lien Term Loan 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
First Lien Term Loan 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 D50

Notes Payable and Long-Term Debt, Second Lien Term Loan (Details) - NATC [Member]	2 Months Ended	9 Months Ended
	Feb. 17, 2017	Sep. 30, 2017
Second Lien Term Loan LIBOR Rate Loans [Member] | LIBOR [Member]
Notes Payable and Long-Term Debt [Abstract]
Margin on variable rate	10.25%
Second Lien Term Loan LIBOR Rate Loans [Member] | LIBOR [Member] | Minimum [Member]
Notes Payable and Long-Term Debt [Abstract]
Interest rate	1.25%
Second Lien Term Loan Base Rate Loans [Member]
Notes Payable and Long-Term Debt [Abstract]
Interest rate	2.25%
Margin on variable rate	9.25%
Second Lien Term Loan 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
Second Lien Term Loan 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 D51

Notes Payable and Long-Term Debt, Revolving Credit Facility (Details) - Revolving Credit Facility [Member] - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Feb. 17, 2017
Notes Payable and Long-Term Debt [Abstract]
Maximum borrowing capacity		$ 40
NATC [Member]
Notes Payable and Long-Term Debt [Abstract]
Borrowing base	Borrowing base, which was calculated as the sum of (i) 85% of eligible accounts receivable, plus (ii) the lesser of (A) the product of 70% and the value of eligible inventory or (B) the product of 85%, the net recovery percentage identified in the most recent inventory appraisal, and the value of eligible inventory, plus (iii) the lesser of (A) the product of 75% and the value of eligible inventory or (B) the product of 85%, the net recovery percentage identified in the most recent inventory appraisal, and the value of the eligible finished goods inventory, minus (iv) the aggregate amount of reserves established by the administrative agent.

Notes Payable and Long-Term D52

Notes Payable and Long-Term Debt, PIK Toggle Notes (Details) $ / shares in Units, $ in Thousands	Jan. 13, 2014USD ($)$ / sharesshares	Apr. 30, 2016shares	Jun. 30, 2016USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)
Notes Payable and Long-Term Debt [Abstract]
Loss on extinguishment of debt				$ (6,116)	$ (2,824)
PIK Toggle Notes [Member]
Notes Payable and Long-Term Debt [Abstract]
Face amount	$ 45,000
Number of shares of TPB common stock that can be purchased with warrants (in shares) | shares	42,424	442,558
Purchase price of common stock (in dollars per unit) | $ / shares	$ 0.01
Stock split conversion ratio		10.43174381
Original issue discount	$ 1,700
Issue price	$ 43,300
Loss on extinguishment of debt			$ (2,800)
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 D53

Notes Payable and Long-Term Debt, 7% Senior Notes (Details) $ / shares in Units, $ in Millions	Jan. 31, 2014USD ($)$ / sharesshares
7% Senior Notes [Member]
Notes Payable and Long-Term Debt [Abstract]
Interest rate	7.00%
Face amount	$ 11
Original issue discount	2.8
Issue price	$ 8.2
Intrepid [Member]
Notes Payable and Long-Term Debt [Abstract]
Number of membership units in Intrepid that can be purchased with warrants (in shares) | 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) | $ / shares	$ 1

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2017	Dec. 31, 2017
Income Taxes [Abstract]
Tax benefits relating to stock options exercised	$ 0.9	$ 4.5
Forecast [Member]
Income Taxes [Abstract]
Effective income tax rate			41.00%

Pension and Postretirement Be55

Pension and Postretirement Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Pension Benefits [Member]
Net Periodic Benefit Cost [Abstract]
Service cost	$ 26	$ 26	$ 78	$ 78
Interest cost	164	174	484	524
Expected return on plan assets	(256)	(258)	(768)	(775)
Amortization of losses	114	123	350	369
Net periodic benefit cost	48	65	144	196
Plan Contributions [Abstract]
Expected contributions in 2017	0		0
Postretirement Benefits [Member]
Net Periodic Benefit Cost [Abstract]
Service cost	0	0	0	0
Interest cost	36	52	108	157
Expected return on plan assets	0	0	0	0
Amortization of losses	0	0	0	0
Net periodic benefit cost	36	$ 52	108	$ 157
Plan Contributions [Abstract]
Expected contributions in 2017	$ 200		$ 200

Share Incentive Plans, Equity I

Share Incentive Plans, Equity Incentive Plans (Details) $ / shares in Units, $ in Thousands	Feb. 07, 2017USD ($)Individual$ / sharesshares	Sep. 30, 2017USD ($)shares	Sep. 30, 2016USD ($)	Apr. 28, 2016shares
Share Incentive Plans [Abstract]
Surrender of options | $		$ 1,000	$ 0
Officer [Member]
Share Incentive Plans [Abstract]
Number of individuals receiving cash-out agreements for surrender of expiring stock options | Individual	3
Director [Member]
Share Incentive Plans [Abstract]
Number of individuals receiving cash-out agreements for surrender of expiring stock options | Individual	1
Stock Options [Member]
Share Incentive Plans [Abstract]
Options surrendered (in shares)	83,400
Surrender price (in dollars per share) | $ / shares	$ 11.99
Exercise price (in dollars per share) | $ / shares	1.06
Share price (in dollars per share) | $ / shares	$ 13.05
Surrender of options | $	$ 1,000
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)		1,097,106
2015 Plan [Member] | Restricted Stock [Member]
Share Incentive Plans [Abstract]
Number of awards granted (in shares)		21,479
2015 Plan [Member] | Restricted Stock Units [Member]
Share Incentive Plans [Abstract]
Number of awards granted (in shares)		94,000
2015 Plan [Member] | Stock Options [Member]
Share Incentive Plans [Abstract]
Number of awards granted (in shares)		187,415
2006 Plan [Member]
Share Incentive Plans [Abstract]
Number of shares available for grant (in shares)		0

Share Incentive Plans, Stock Op

Share Incentive Plans, Stock Option Activity (Details) - Stock Options [Member] - $ / shares	Feb. 07, 2017	Sep. 30, 2017	Dec. 31, 2016
Incentive Shares [Roll Forward]
Surrendered (in shares)	(83,400)
2006 and 2015 Plans [Member]
Incentive Shares [Roll Forward]
Outstanding, beginning balance (in shares)		1,637,762	1,667,671
Granted (in shares)		133,819	53,996
Exercised (in shares)		(907,852)	(73,135)
Forfeited (in shares)		(401)	(10,770)
Surrendered (in shares)		(83,400)
Outstanding, ending balance (in shares)		779,928	1,637,762
Weighted Average Exercise Price [Abstract]
Outstanding, beginning balance (in dollars per share)		$ 2.41	$ 2.19
Granted (in dollars per share)		14.69	9.26
Exercised (in dollars per share)		1.51	2.31
Forfeited (in dollars per share)		15.34	3.83
Surrendered (in dollars per share)		1.06
Outstanding, ending balance (in dollars per share)		5.70	2.41
Weighted Average Grant Date Fair Value [Abstract]
Outstanding, beginning balance (in dollars per share)		1.23	1.20
Granted (in dollars per share)		4.41	2.37
Exercised (in dollars per share)		0.80	1.27
Forfeited (in dollars per share)		4.58	2.17
Surrendered (in dollars per share)		0.54
Outstanding, ending balance (in dollars per share)		$ 2.35	$ 1.23

Share Incentive Plans, Assumpti

Share Incentive Plans, Assumptions for Options Granted Under 2006 Plan (Details) - 2006 Plan [Member] - Stock Options [Member] - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Share Incentive Plans [Abstract]
Intrinsic value of options exercised	$ 11,700
Intrinsic value of options surrendered	$ 1,000,000
Expected life	10 years
Maximum [Member]
Share Incentive Plans [Abstract]
Intrinsic value of options exercised		$ 100
Exercise Price $1.06 [Member]
Share Incentive Plans [Abstract]
Number of options (in shares)	102,536
Exercise price (in dollars per share)	$ 1.06
Number exercisable (in shares)	102,536
Remaining lives	1 year 2 months 1 day
Expected life	10 years
Exercise price (in dollars per share)	$ 1.06
Risk free interest rate	4.37%
Expected volatility	30.00%
Dividend yield	0.00%
Fair value (in dollars per share)	$ 0.54
Exercise Price $3.83 [Member]
Share Incentive Plans [Abstract]
Number of options (in shares)	489,977
Exercise price (in dollars per share)	$ 3.83
Number exercisable (in shares)	489,977
Remaining lives	3 years 10 months 28 days
Expected life	10 years
Exercise price (in dollars per share)	$ 3.83
Risk free interest rate	3.57%
Expected volatility	40.00%
Dividend yield	0.00%
Fair value (in dollars per share)	$ 2.17

Share Incentive Plans, Assump59

Share Incentive Plans, Assumptions for Options Granted Under 2015 Plan (Details) - 2015 Plan [Member] - Stock Options [Member] - $ / shares	1 Months Ended			9 Months Ended
	May 31, 2017	Feb. 28, 2017	Aug. 31, 2016	Sep. 30, 2017
August 2016 Grant [Member]
Share Incentive Plans [Abstract]
Number of options			53,996
Number of options (in shares)				53,996
Number exercisable (in shares)				40,497
Exercise price (in dollars per share)				$ 9.26
Remaining lives				8 years 9 months 29 days
Risk free interest rate				1.16%
Expected volatility				25.40%
Expected life				5 years 4 months 15 days
Dividend yield				0.00%
Fair value (in dollars per share)				$ 2.37
February 2017 Grant [Member]
Share Incentive Plans [Abstract]
Number of options		40,000
Number of options (in shares)				40,000
Number exercisable (in shares)				0
Exercise price (in dollars per share)				$ 13
Remaining lives				9 years 5 months 1 day
Risk free interest rate				1.89%
Expected volatility				27.44%
Expected life				6 years
Dividend yield				0.00%
Fair value (in dollars per share)				$ 3.98
May 2017 Grant [Member]
Share Incentive Plans [Abstract]
Number of options	93,819
Number of options (in shares)				93,419
Number exercisable (in shares)				0
Exercise price (in dollars per share)				$ 15.41
Remaining lives				9 years 8 months 1 day
Risk free interest rate				1.76%
Expected volatility				26.92%
Expected life				6 years
Dividend yield				0.00%
Fair value (in dollars per share)				$ 4.60

Share Incentive Plans, Compensa

Share Incentive Plans, Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Compensation Expense [Abstract]
Compensation expense related to options	$ 0.1		$ 0.2	$ 0.1
Unrecognized compensation expense related to options	$ 0.4		$ 0.4
Period over which unrecognized compensation expense will be expensed			2 years 2 months 12 days
Maximum [Member]
Compensation Expense [Abstract]
Compensation expense related to options		$ 0.1

Share Incentive Plans, Performa

Share Incentive Plans, Performance-Based Restricted Stock Units (Details) - Performance-Based Restricted Stock Units [Member] - USD ($) $ / shares in Units, $ in Millions	Mar. 31, 2017	Sep. 30, 2017	Sep. 30, 2017
Share Incentive Plans [Abstract]
Performance period			5 years
Period between performance period and measurement date for vesting			65 days
Number of units granted (in shares)	94,000
Unvested units outstanding (in shares)		94,000	94,000
Fair value (in dollars per share)	$ 15.60
Compensation expense		$ 0.1	$ 0.2
Unrecognized compensation expense		$ 1.3	$ 1.3

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Earnings Per Share [Abstract]
Net income attributable to Turning Point Brands, Inc.	$ 7,374	$ 6,793	$ 16,690	$ 9,826
Basic EPS [Abstract]
Basic weighted average shares (in shares)	19,085,329	18,094,592	18,915,606	15,396,155
Basic EPS (in dollars per share)	$ 0.39	$ 0.38	$ 0.88	$ 0.64
Effect of Dilutive Securities [Abstract]
Stock options and warrants (in shares)	504,095	1,634,627	587,524	1,572,458
Diluted weighted average shares (in shares)	19,589,424	19,729,219	19,503,130	16,968,613
Diluted EPS (in dollars per share)	$ 0.38	$ 0.34	$ 0.86	$ 0.58

Segment Information, Financial

Segment Information, Financial Information of Reportable Segments (Details) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)Segment	Sep. 30, 2016USD ($)	Dec. 31, 2016USD ($)
Segment Information [Abstract]
Number of reportable segments | Segment				3
Segment Information [Abstract]
Net sales		$ 73,340	$ 50,959	$ 212,214	$ 152,406
Operating income (loss)		14,376	11,891	38,768	33,576
Interest expense		(4,023)	(5,557)	(13,002)	(20,895)
Investment income		131	279	334	611
Loss on extinguishment of debt				(6,116)	(2,824)
Income before income taxes		10,484	6,613	19,984	10,468
Capital expenditures		485	386	1,052	1,245
Depreciation and amortization		596	310	1,718	896
Assets		287,364		287,364		$ 285,020
Reportable Segments [Member] | Smokeless Products [Member]
Segment Information [Abstract]
Net sales		21,294	18,909	63,563	58,939
Operating income (loss)		6,218	4,695	15,088	13,097
Capital expenditures		446	426	973	1,160
Depreciation and amortization		341	310	1,046	896
Assets		88,327		88,327		85,559
Reportable Segments [Member] | Smoking Products [Member]
Segment Information [Abstract]
Net sales		26,860	28,760	81,056	83,434
Operating income (loss)		7,403	7,645	21,095	22,391
Assets		149,552		149,552		150,498
Reportable Segments [Member] | NewGen Products [Member]
Segment Information [Abstract]
Net sales		25,186	3,290	67,595	10,033
Operating income (loss)		780	(230)	2,646	(758)
Capital expenditures		39	(40)	79	85
Depreciation and amortization		255	0	672	0
Assets		45,023		45,023		39,416
Other [Member]
Segment Information [Abstract]
Operating income (loss)	[1]	(25)	$ (219)	(61)	$ (1,154)
Assets	[1]	$ 4,462		$ 4,462		$ 9,547
[1]	"Other" includes our assets that are not assigned to our three reportable segments, such as deferred taxes and eliminations. All goodwill has been allocated to our reportable segments.

Segment Information, Net Sales

Segment Information, Net Sales - Domestic and Foreign (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Segment Information [Abstract]
Net sales	$ 73,340	$ 50,959	$ 212,214	$ 152,406
Reportable Geographical Component [Member] | Domestic [Member]
Segment Information [Abstract]
Net sales	69,484	48,469	203,210	144,568
Reportable Geographical Component [Member] | Foreign [Member]
Segment Information [Abstract]
Net sales	$ 3,856	$ 2,490	$ 9,004	$ 7,838

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event [Member] - Dividend Declared Q4-2017 [Member]	Nov. 09, 2017$ / shares
Subsequent Events [Abstract]
Dividend payable, date declared	Nov. 9, 2017
Dividend payable (in dollars per share)	$ 0.04
Dividend payable, date to be paid	Dec. 15, 2017
Dividend payable, date of record	Nov. 27, 2017