Turning Point Brands (TPB) 10-Q 9 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	May 03, 2018
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	Accelerated Filer
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2018
Voting Common Stock [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		19,237,905

Consolidated Balance Sheets (un

Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Current assets:
Cash	$ 3,792	$ 2,607
Accounts receivable, net of allowances of $46 in 2018 and $17 in 2017	2,283	3,248
Inventories	58,059	63,296
Other current assets	12,387	10,342
Total current assets	76,521	79,493
Property, plant, and equipment, net	8,662	8,859
Deferred income taxes	0	450
Deferred financing costs, net	1,025	630
Goodwill	134,620	134,620
Other intangible assets, net	26,260	26,436
Master Settlement Agreement (MSA) escrow deposits	30,316	30,826
Other assets	1,021	963
Total assets	278,425	282,277
Current liabilities:
Accounts payable	6,641	3,686
Accrued liabilities	13,586	18,694
Current portion of long-term debt	10,000	7,850
Revolving credit facility	0	8,000
Total current liabilities	30,227	38,230
Notes payable and long-term debt	188,165	186,190
Deferred income taxes	35	0
Postretirement benefits	3,968	3,962
Other long-term liabilities	1,138	571
Total liabilities	223,533	228,953
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	103,833	103,640
Accumulated other comprehensive loss	(3,829)	(2,973)
Accumulated deficit	(45,304)	(47,535)
Total stockholders' equity	54,892	53,324
Total liabilities and stockholders' equity	278,425	282,277
Common Stock, Voting [Member]
Stockholders' equity:
Common stock	192	192
Common Stock, Nonvoting [Member]
Stockholders' equity:
Common stock	$ 0	$ 0

Consolidated Balance Sheets (u3

Consolidated Balance Sheets (unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Current assets:
Accounts receivable, allowance	$ 46	$ 17
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
Common Stock, Voting [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)	19,222,617	19,210,633
Common stock, shares outstanding (in shares)	19,222,617	19,210,633
Common Stock, Nonvoting [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
	Mar. 31, 2018	Mar. 31, 2017
Consolidated Statements of Income (unaudited) [Abstract]
Net sales	$ 73,942	$ 66,788
Cost of sales	42,133	39,116
Gross profit	31,809	27,672
Selling, general, and administrative expenses	22,068	16,823
Operating income	9,741	10,849
Interest expense	3,654	4,933
Gain on investment	(95)	(114)
Loss on extinguishment of debt	2,384	6,116
Net periodic benefit expense (income), excluding service cost	(43)	92
Income (loss) before income taxes	3,841	(178)
Income tax expense (benefit)	809	(2,055)
Consolidated net income	$ 3,032	$ 1,877
Basic income per common share:
Consolidated net income (in dollars per share)	$ 0.16	$ 0.10
Diluted income per common share:
Consolidated net income (in dollars per share)	$ 0.15	$ 0.10
Weighted average common shares outstanding:
Basic (in shares)	19,221,892	18,734,393
Diluted (in shares)	19,762,194	19,633,353

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Consolidated Statements of Comprehensive Income (unaudited) [Abstract]
Consolidated net income	$ 3,032	$ 1,877
Other comprehensive income (loss), net of tax
Amortization of unrealized pension and postretirement losses, net of tax of $10 in 2018 and $0 in 2017	30	120
Unrealized gain (loss) on investments, net of tax of $135 in 2018 and $43 in 2017	(384)	71
Unrealized loss on interest rate swaps, net of tax of $185 in 2018	(526)	0
Other comprehensive income (loss), net of tax	(880)	191
Comprehensive income	$ 2,152	$ 2,068

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Other comprehensive income (loss), net of tax
Amortization of unrealized pension and postretirement losses, tax	$ 10	$ 0
Unrealized gain (loss) on investments, tax	135	$ 43
Unrealized loss on interest rate swaps, tax	$ 185

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities:
Consolidated net income	$ 3,032	$ 1,877
Adjustments to reconcile net income to net cash provided by operating activities:
Loss on extinguishment of debt	2,384	6,116
Depreciation expense	560	354
Amortization of other intangible assets	176	175
Amortization of deferred financing costs	238	294
Amortization of original issue discount	0	66
Deferred income taxes	793	(2,564)
Stock compensation expense	197	45
Changes in operating assets and liabilities:
Accounts receivable	965	(1,801)
Inventories	5,237	1,299
Other current assets	(2,051)	(1,420)
Other assets	(23)	26
Accounts payable	2,955	(1,597)
Accrued liabilities and other	(6,029)	(5,242)
Accrued postretirement liabilities	(14)	32
Net cash provided by (used in) operating activities	8,420	(2,340)
Cash flows from investing activities:
Capital expenditures	(363)	(368)
Restricted cash, MSA escrow deposits	(530)	1,192
Net cash provided by (used in) investing activities	(893)	824
Cash flows from financing activities:
Payments of financing costs	(3,279)	(4,792)
Exercise of options	20	679
Surrender of options	0	(1,000)
Net cash provided by (used in) financing activities	(6,872)	2,091
Net increase in cash:	655	575
Cash, beginning of period:
Unrestricted	2,607	2,865
Restricted	4,709	3,889
Total cash at beginning of period	7,316	6,754
Cash, end of period:
Unrestricted	3,792	2,248
Restricted	4,179	5,081
Total cash at end of period	7,971	7,329
Supplemental schedule of noncash financing activities:
Accrued expenses incurred for financing costs	154	226
2018 First Lien Term Loan [Member]
Cash flows from financing activities:
Proceeds from term loans	160,000	0
2018 Second Lien Term Loan [Member]
Cash flows from financing activities:
Proceeds from term loans	40,000	0
2017 First Lien Term Loans [Member]
Cash flows from financing activities:
Proceeds from term loans	0	145,000
Payments of term loans	(140,613)	0
2017 Second Lien Term Loan [Member]
Cash flows from financing activities:
Proceeds from term loans	0	55,000
Payments of term loans	(55,000)	0
2017 Revolving Credit Facility [Member]
Cash flows from financing activities:
Proceeds from (payments of) revolving credit facility	(8,000)	29,550
First Lien Term Loan [Member]
Cash flows from financing activities:
Payments of term loans	0	(147,312)
Second Lien Term Loan [Member]
Cash flows from financing activities:
Payments of term loans	0	(60,000)
Revolving Credit Facility [Member]
Cash flows from financing activities:
Proceeds from (payments of) revolving credit facility	$ 0	$ (15,034)

Organizations and Basis of Pres

Organizations and Basis of Presentation	3 Months Ended
	Mar. 31, 2018
Organizations and Basis of Presentation [Abstract]
Basis of Presentation	Note 1. Organizations and Basis of Presentation Organizations 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, LLC (“NTFLLC”), North Atlantic Operating Company, Inc. (“NAOC”), North Atlantic Cigarette Company, Inc. (“NACC”), and RBJ Sales, Inc. (“RBJ”); and TPLLC and its subsidiaries Intrepid Brands, LLC (“Intrepid”), VaporBeast, LLC (“VaporBeast,” f/k/a Smoke Free Technologies, Inc.), and Vapor Shark, LLC, and its subsidiaries (collectively, “Vapor Shark,” f/k/a The Hand Media). Basis of Presentation The accompanying interim, condensed, consolidated financial statements have been prepared in accordance with the accounting practices described in the Company’s audited consolidated financial statements as of, and for the year ended, December 31, 2017, and are unaudited. Certain prior year amounts have been reclassified to conform to the current year’s presentation. The changes did not have an impact on the Company’s consolidated financial position, results of operations, or cash flows in any of the periods presented.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2018
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies Consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries, all of which are wholly-owned. All significant intercompany transactions have been eliminated. Revenue Recognition The Company adopted Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes nearly all existing revenue recognition guidance under U.S. GAAP, on January 1, 2018. The Company recognizes revenues, net of sales incentives and sales returns, including shipping and handling charges billed to customers, upon delivery of goods to the customer at an amount that the Company expects to be entitled to in exchange for those goods in accordance with the five-step analysis outlined in Topic 606: (i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations, and (v) recognize revenue when (or as) performance obligations are satisfied. A further requirement of ASU 2014-09 is for entities to Shipping Costs The Company records shipping costs incurred as a component of selling, general, and administrative expenses. Shipping costs incurred were approximately $3.2 million and $2.2 million for the three months ending March 31, 2018 and 2017, respectively. Fair Value GAAP establishes a framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1) and the lowest priority to unobservable inputs (level 3). 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 that are observable for the asset or liability, and inputs that are derived principally from or corroborated by observable market data by correlation or other means. · Level 3 – Unobservable inputs that reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. Derivative Instruments Foreign Currency Forward Contracts: Interest Rate Swap Agreements: Risks and Uncertainties Manufacturers and sellers of tobacco products are subject to regulation at the federal, state, and local levels. Such regulations include, among others, labeling requirements, limitations on advertising, and prohibition of sales to minors. The trend in recent years has been toward increased regulation of the tobacco industry. There can be no assurance as to the ultimate content, timing, or effect of any regulation of tobacco products by any federal, state, or local legislative or regulatory body, nor can there be any assurance that any such legislation or regulation would not have a material adverse effect on the Company’s financial position, results of operations, or cash flows. The tobacco industry has experienced, and is experiencing, significant product liability litigation. Most tobacco liability lawsuits have been brought against manufacturers and sellers of cigarettes for injuries allegedly caused by smoking or exposure to smoke. However, several lawsuits have been brought against manufacturers and sellers of smokeless products for injuries to health allegedly caused by use of smokeless products. Typically, such claims assert that use of smokeless products is addictive and causes oral cancer. Additionally, several lawsuits have been brought against manufacturers and distributors of NewGen products due to malfunctioning devices. There can be no assurance the Company will not sustain losses in connection with such lawsuits and that such losses will not have a material adverse effect on the Company’s financial position, results of operations, or cash flows. Master Settlement Agreement (MSA): The Company has chosen to invest a portion of the MSA escrow deposits 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; 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: As of March 31, 2018 As of December 31, 2017 Cost Gross Unrealized Losses Estimated Fair Value Cost Gross Unrealized Losses Estimated Fair Value Cash and cash equivalents $ 3,072 $ - $ 3,072 $ 3,602 $ - $ 3,602 U.S. Governmental agency obligations(unrealized loss position < 12 months) 27,739 (1,706 ) 26,033 722 (17 ) 705 U.S. Governmental agency obligations (unrealized loss position > 12 months) 1,247 (36 ) 1,211 27,733 (1,214 ) 26,519 $ 32,058 $ (1,742 ) $ 30,316 $ 32,057 $ (1,231 ) $ 30,826 Fair value for the U.S. Governmental agency obligations are Level 2. The following shows the maturities of the U.S. Governmental agency obligations: As of March 31, 2018 December 31, 2017 Less than five years $ 7,114 $ 7,114 Six to ten years 18,913 17,662 Greater than ten years 2,959 3,679 Total U.S. Governmental agency obligations $ 28,986 $ 28,455 The following shows the amount of deposits by sales year for the MSA escrow account: Deposits as of Sales Year March 31, 2018 December 31, 2017 1999 $ 211 $ 211 2000 1,017 1,017 2001 1,673 1,673 2002 2,271 2,271 2003 4,249 4,249 2004 3,714 3,714 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 143 143 2015 101 101 2016 81 81 2017 71 70 Total $ 32,058 $ 32,057 Food and Drug Administration (“FDA”): cigars, pipe tobacco, electronic cigarettes (“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. 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. e.g. i.e. Recent Accounting Pronouncements Adopted The Company adopted ASU 2014-09, Revenue from Contracts with Customers (Topic 606) The Company adopted Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income The adoption of this ASU resulted in a reclassification of stranded tax effects related to the TCJA from accumulated other comprehensive income to retained earnings of less than $0.1 million. The Company adopted ASU 2017-07, Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost The Company adopted ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash Recent Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), Leases

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2018
Acquisitions [Abstract]
Acquisitions	Note 3. Acquisitions Vapor Shark In March 2017, the Company entered into a strategic partnership with Vapor Shark in which the Company committed to make a deposit up to $2.5 million 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 sole 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. The Company exercised its warrant on June 30, 2017, and obtained 100% ownership of Vapor Shark as of that date for a nominal purchase price. In January 2018, the Company finalized an agreement to pay Vapor Shark’s former sole shareholder total consideration of $1.5 million in exchange for his option to purchase the company-owned stores. The Company paid Vapor Shark’s former sole shareholder

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2018
Derivative Instruments [Abstract]
Derivative Instruments	Note 4. Derivative Instruments Foreign Currency The Company’s policy is to manage the risks associated with foreign exchange rate movements. The policy allows hedging up to 100% of its anticipated purchases of inventory over a forward period that will not exceed 12 rolling and consecutive months. The Company may, from time to time, hedge currency for non-inventory purchases, e.g. Interest Rate Swap The Company’s policy is to manage interest rate risk by reducing the volatility of future cash flows associated with debt instruments bearing interest at variable rates. In March 2018, the Company executed various interest rate swap agreements for a notional amount of $70 million with an expiration of December 2022. The swap agreements fix LIBOR at 2.755%. The swap agreements met the hedge accounting requirements; thus, any change in fair value is recorded to other comprehensive income. The Company uses the Shortcut Method to account for the swap agreements. The Shortcut Method assumes the hedge to be perfectly effective; thus, there is no ineffectiveness to be recorded in earnings. The swap agreements’ fair values at March 31, 2018, resulted in a liability of $0.7 million included in other long-term liabilities.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2018
Fair Value of Financial Instruments [Abstract]
Fair Value of Financial Instruments	Note 5. Fair Value of 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 Cash and cash equivalents are, by definition, short-term. Thus, the carrying amount is a reasonable estimate of fair value. Accounts Receivable The fair value of accounts receivable approximates their carrying value due to their short-term nature. 2018 Revolving Credit Facility The fair value of the 2018 Revolving Credit Facility approximates its carrying value as the interest rate fluctuates with changes in market rates. Long-Term Debt As all of the Company’s long-term debt bears interest at variable rates that fluctuate with market rates, the carrying values of the long-term debt instruments approximate their respective fair values. As of March 31, 2018, the fair values of the 2018 First Lien Term Loan and the 2018 Second Lien Term Loan approximated $160.0 million and $40.0 million, respectively. As of December 31, 2017, the fair values of the 2017 First Lien Term Loans and the 2017 Second Lien Term Loan approximated $140.6 million and $56.1 million, respectively. Foreign Exchange The Company had forward contracts for the purchase of 3.8 million at March 31, 2018. The Company had no forward contracts outstanding as of December 31, 2017. The fair values of the foreign exchange contracts are based upon quoted market prices and resulted in an insignificant loss for the three months ended March 31, 2018. Interest Rate Swap The Company had swap contracts for a total notional amount of $70 million at March 31, 2018. The Company had no swap agreements outstanding at December 31, 2017. The fair values of the swap contracts are based upon quoted market prices and resulted in a liability of $0.7 million as of March 31, 2018.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2018
Inventories [Abstract]
Inventories	Note 6. Inventories The components of inventories are as follows: March 31, 2018 December 31, 2017 Raw materials and work in process $ 2,403 $ 2,545 Leaf tobacco 29,300 30,308 Finished goods - smokeless products 6,503 5,834 Finished goods - smoking products 11,510 14,110 Finished goods - electronic/vaporizer products 12,910 14,532 Other 699 1,290 63,325 68,619 LIFO reserve (5,266 ) (5,323 ) $ 58,059 $ 63,296 The inventory valuation allowance was $0.6 million and $0.5 million as of March 31, 2018, and December 31, 2017, respectively.

Property, Plant and Equipment

Property, Plant and Equipment	3 Months Ended
	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Note 7. Property, Plant, and Equipment Property, plant, and equipment consisted of the following: March 31, 2018 December 31, 2017 Land $ 22 $ 22 Buildings and improvements 2,072 2,072 Leasehold improvements 1,873 1,873 Machinery and equipment 12,960 12,635 Furniture and fixtures 3,857 3,821 20,784 20,423 Accumulated depreciation (12,122 ) (11,564 ) $ 8,662 $ 8,859

Accrued Liabilities

Accrued Liabilities	3 Months Ended
	Mar. 31, 2018
Accrued Liabilities [Abstract]
Accrued Liabilities	Note 8. Accrued Liabilities Accrued liabilities consisted of the following: March 31, 2018 December 31, 2017 Accrued payroll and related items $ 2,277 $ 5,683 Customer returns and allowances 2,175 2,707 Other 9,134 10,304 $ 13,586 $ 18,694

Notes Payable and Long-Term Deb

Notes Payable and Long-Term Debt	3 Months Ended
	Mar. 31, 2018
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 consisted of the following in order of preference: March 31, 2018 December 31, 2017 2018 First Lien Term Loan $ 160,000 $ - 2018 Second Lien Term Loan 40,000 - 2017 First Lien First Out Term Loan - 105,875 2017 First Lien Second Out Term Loan - 34,738 2017 Second Lien Term Loan - 55,000 Note payable - VaporBeast 2,000 2,000 Total notes payable and long-term debt 202,000 197,613 Less deferred finance charges (3,835 ) (3,573 ) Less current maturities (10,000 ) (7,850 ) $ 188,165 $ 186,190 2018 Credit Facility On March 7, 2018, the Company entered into a $250 million credit facility consisting of a $160 million 2018 First Lien Term Loan with Fifth Third Bank, as administrative agent, and other lenders, and a $50 million 2018 Revolving Credit Facility (collectively, the “2018 First Lien Credit Facility”) in addition to a $40 million 2018 Second Lien Term Loan (together with the 2018 First Lien Credit Facility, the “2018 Credit Facility”) with Prospect Capital Corporation, as administrative agent, and other lenders. The 2018 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 2018 Credit Facility also contains certain negative covenants customary for facilities of these types including covenants that, subject to exceptions described in the 2018 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. Refer to Note 16 of Notes to Consolidated Financial Statements for further information regarding dividend restrictions. 2018 First Lien Credit Facility: 2018 Second Lien Credit Facility: 2017 Credit Facility On February 17, 2017, the Company and NATC, entered into a $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, and Revolving Credit Facility and to pay related fees and expenses. As a result of this transaction, the Company incurred a loss on extinguishment of debt of $6.1 million during the first quarter of 2017. The 2017 Credit Facility contained 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 contained certain negative covenants customary for facilities of these types including covenants that, subject to exceptions described in the 2017 Credit Facility, restricted 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 Out Term Loan and the 2017 Revolving Credit Facility had a maturity date of February 17, 2022, and the 2017 Second Out Term Loan had a maturity date of May 17, 2022. The 2017 First Out Term Loan and the 2017 Revolving Credit Facility bore 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 had 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 bore interest at LIBOR plus 6% (subject to a floor of 1.00%). The 2017 Second Out Term Loan had quarterly required payments of $0.1 million beginning June 30, 2017. The 2017 First Lien Credit Facility contained 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 December 31, 2017, on the 2017 Revolving Credit Facility was 5.05%. The weighted average interest rate at December 31, 2017, on the 2017 First Out Term Loan was 4.61%. The weighted average interest rate at December 31, 2017, on the 2017 Second Out Term Loan was 7.61%. 2017 Second Lien Credit Facility: 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 Turning Point Brands, Inc. (“TPBI”), along with NATC and its subsidiaries, were guarantors under the First Lien Term Loan. TPLLC and its sole subsidiary at the date of the agreement, Intrepid, 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 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 (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) 5.50%. 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%. 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.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2018
Income Taxes [Abstract]
Income Taxes	Note 10. Income Taxes In December 2017, the U.S. Congress passed the TCJA which reduced the corporate income tax rate to 21%, effective January 1, 2018. Other significant changes accompanying the corporate income tax rate reduction include eliminating the corporate alternative minimum tax, limiting the interest expense deduction to 30% of adjusted taxable income, and limiting net operating losses to 80% of taxable income for losses arising in tax years beginning after 2017. As a result of the TCJA, the Company was required to remeasure its deferred tax assets and liabilities at the newly enacted rate, resulting in $0.2 million of income tax expense for the three months ended December 31, 2017. The Company’s effective income tax rate for the three months ended March 31, 2018, was 21%. The Company’s income tax benefit for the three months ended March 31, 2017 does not bear the normal relationship to loss before income taxes because of tax benefits of $2.0 million relating to stock options exercised during the quarter. The Company follows the provisions of ASC 740-10-25, which prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The Company has determined that the Company 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	3 Months Ended
	Mar. 31, 2018
Pension and Postretirement Benefit Plans [Abstract]
Pension and Postretirement Benefit Plans	Note 11. Pension and Postretirement Benefit Plans 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’s policy is to make the minimum amount of contributions that can be deducted for federal income taxes. The Company expects to make no contributions to the pension plan in 2018. 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’s policy is to make contributions equal to benefits paid during the year. The Company expects to contribute approximately $0.3 million to its postretirement plan in 2018 for the payment of benefits. The following table provides the components of net periodic pension and postretirement benefit costs and total costs for the plans: Three Months Ended March 31, Pension Benefits Postretirement Benefits 2018 2017 2018 2017 Service cost $ 26 $ 26 $ - $ - Interest cost 142 170 29 58 Expected return on plan assets (254 ) (256 ) - - Amortization of (gains) losses 60 120 (20 ) - Net periodic benefit cost (income) $ (26 ) $ 60 $ 9 $ 58

Share Incentive Plans

Share Incentive Plans	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018, there were 20,727 shares of restricted stock, 184,000 performance-based restricted stock units, and 301,792 options outstanding under the 2015 Plan. There are 893,481 shares available for grant under the 2015 Plan. 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. 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. There are no shares available for grant under the 2006 Plan. Stock option activity for the 2006 and 2015 Plans is summarized below: Stock Option Shares Weighted Average Exercise Price Weighted Average Grant Date Fair Value Outstanding, December 31, 2016 1,637,762 $ 2.41 $ 1.23 Granted 133,819 14.69 4.41 Exercised (923,708 ) 1.55 0.83 Forfeited (801 ) 15.37 4.59 Surrendered (83,400 ) 1.06 0.54 Outstanding, December 31, 2017 763,672 5.73 2.36 Granted 124,100 21.27 6.39 Exercised (12,501 ) 1.61 0.87 Forfeited (9,323 ) 10.96 2.99 Outstanding, March 31, 2018 865,948 $ 7.96 $ 2.95 Under the 2006 Plan, the total intrinsic value of options exercised during the three months ended March 31, 2018 and 2017, was $0.3 million, and $4.7 million, respectively. The total intrinsic value of options surrendered during the three months ended March 31, 2017, was $1.0 million. At March 31, 2018, under the 2006 Plan, the outstanding stock options’ exercise price for 92,535 options is $1.06 per share, all of which are exercisable. The outstanding stock options’ exercise price for 471,621 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 0.60 years for the options with the $1.06 exercise price and 5.06 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%, 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 March 31, 2018, 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 until the selected companies are no longer suitable for this purpose. Due to our limited trading history, we are using the simplified method presented by SEC Staff Accounting Bulletin No. 107 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 10, 2016, Grant February 10, 2017, Grant May 17, 2017, Grant March 7, 2018, Grant March 13, 2018, Grant Number of options granted 53,996 40,000 93,819 98,100 26,000 Options outstanding at March 31, 2018 47,247 40,000 90,445 98,100 26,000 Number exercisable at March 31, 2018 47,247 13,600 31,898 - 8,840 Exercise price $ 9.26 $ 13.00 $ 15.41 $ 21.21 $ 21.49 Remaining lives 0.18 8.87 9.13 9.94 9.96 Risk free interest rate 1.16 % 1.89 % 1.76 % 2.65 % 2.62 % Expected volatility 25.40 % 27.44 % 26.92 % 28.76 % 28.76 % Expected life 5.375 6.000 6.000 6.000 5.495 Dividend yield - - - 0.83 % 0.82 % Fair value at grant date $ 2.37 $ 3.98 $ 4.60 $ 6.37 $ 6.18 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 for the three months ended March 31, 2018 and 2017. Total unrecognized compensation expense related to options at March 31, 2018, is $0.9 million, which will be expensed over 2.49 years. Performance-Based Restricted Stock Units (“PRSUs”) PRSUs are restricted stock units subject to both performance-based and service-based vesting conditions. The number of common stock shares 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 Company’s Board of Directors granted 94,000 PRSUs to employees of the Company. On March 7, 2018, the Company’s Board of Directors granted an additional 96,000 PRSUs to employees of the Company. The fair values of the PRSUs granted on March 31, 2017, and March 7, 2018, are $15.60 and $21.21, respectively, the Company’s stock price on the date of grant. As of March 31, 2018, there are 184,000 PRSUs outstanding, all of which are unvested. The Company recorded compensation expense related to the PRSUs of approximately $0.1 million in the consolidated statements of income for the three months ended March 31, 2018, based on the probability of achieving the performance condition. Total unrecognized compensation expense related to these awards at March 31, 2018, is $3.1 million which will be expensed over the service periods based on the probability of achieving the performance condition.

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2018
Contingencies [Abstract]
Contingencies	Note 13. Contingencies Other major tobacco companies are defendants in product liability claims. In a number of these cases, the amounts of punitive and compensatory damages sought are significant and could have a material adverse effect on our business and results of operations. The Company is a defendant in certain cases which have been dormant for many years. Plaintiffs’ counsel are in the process of voluntarily dismissing those claims. The Company is subject to several lawsuits alleging personal injuries resulting from malfunctioning vaporizer devices and may be subject to claims in the future relating to other NewGen products. The Company is still evaluating these claims and the potential defenses to them. For example, the Company did not design or manufacture the products at issue; rather, the Company was merely the distributor. Nonetheless, there can be no assurance that the Company will prevail in these cases, and they could have a material adverse effect on the financial position, results of operations, or cash flows of the Company.

Income Per Share

Income Per Share	3 Months Ended
	Mar. 31, 2018
Income Per Share [Abstract]
Income Per Share	Note 14. Income 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 March 31, 2018 2017 Income Shares Per Share Income Shares Per Share Consolidated net income $ 3,032 $ 1,877 Basic EPS: Weighted average 19,221,892 $ 0.16 18,734,393 $ 0.10 Diluted EPS: Effect of dilutive securities: Stock options and warrants 540,302 898,960 19,762,194 $ 0.15 19,633,353 $ 0.10

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2018
Segment Information [Abstract]
Segment Information	Note 15. Segment Information In accordance with ASC 280, Segment Reporting, the Company has three reportable segments: Smokeless products, Smoking products, and NewGen products. The Smokeless products segment (i) manufactures and markets moist snuff and (ii) contracts for and markets chewing tobacco products. The Smoking products segment (i) imports and markets cigarette papers, tubes, and related products; (ii) imports and markets finished cigars, MYO cigar tobaccos, and cigar wraps; and (iii) processes, packages, markets, and distributes traditional pipe tobaccos. The NewGen products segment (i) markets e-cigarettes, e-liquids, vaporizers, and other related products; (ii) distributes a wide assortment of vaping products to non-traditional retail outlets via VaporBeast and Vapor Shark, and (iii) distributes a wide assortment of vaping related products to individual consumers via Vapor Shark branded retail outlets. Smokeless and Smoking products are distributed primarily through wholesale distributors in the United States while NewGen products are distributed primarily through e-commerce to non-traditional retail outlets in the United States. The Other segment includes the costs and assets of the Company not assigned to one of the three reportable segments such as intercompany transfers, deferred taxes, deferred financing fees, and investments in subsidiaries. The accounting policies of these segments are the same as those of the Company. Segment data includes a charge allocating corporate costs to the three reportable segments based on their respective gross 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 March 31, 2018 2017 Net sales Smokeless products $ 20,747 $ 20,248 Smoking products 26,996 27,177 NewGen products 26,199 19,363 $ 73,942 $ 66,788 Operating income (loss) Smokeless products $ 4,486 $ 3,611 Smoking products 6,894 8,048 NewGen products (1,496 ) (664 ) Other (1) (143 ) (146 ) $ 9,741 $ 10,849 Interest expense (3,654 ) (4,933 ) Investment income 95 114 Loss on extinguishment of debt (2,384 ) (6,116 ) Net periodic benefit income (expense), excluding service cost 43 (92 ) Income before income taxes $ 3,841 $ (178 ) Capital expenditures Smokeless products $ 349 $ 366 NewGen products 14 2 $ 363 $ 368 Depreciation and amortization Smokeless products $ 339 $ 352 NewGen products 396 177 $ 735 $ 529 (1) '"Other" includes the costs and assets that are not assigned to the three reportable segments, such as intercompany transfers, deferred taxes, and investments in subsidiaries. All goodwill has been allocated to the reportable segments. March 31, 2018 December 31, 2017 Assets Smokeless products $ 97,279 $ 94,559 Smoking products 139,872 141,869 NewGen products 43,922 44,914 Other (1) (2,648 ) 935 $ 278,425 $ 282,277 (1) '"Other" includes the costs and assets that are not assigned to the three reportable segments, such as intercompany transfers, deferred taxes, and investments in subsidiaries. All goodwill has been allocated to the reportable segments. Revenue Disaggregation—Sales Channel Revenues of the Smokeless and Smoking segments are 100% comprised of sales made to wholesalers while NewGen sales are made to wholesalers, retailers, and ultimate end-customers. NewGen net sales are broken out by sales channel below. Three Months Ended March 31, 2018 2017 Wholesalers $ 2,330 $ 2,474 Retail outlets 20,884 15,777 End-customers 2,935 1,112 Other 50 - $ 26,199 $ 19,363 Net Sales—Domestic vs. Foreign The following table shows a breakdown of consolidated net sales between domestic and foreign customers. Three Months Ended March 31, 2018 2017 Domestic $ 70,858 $ 64,371 Foreign 3,084 2,417 Total $ 73,942 $ 66,788

Dividends

Dividends	3 Months Ended
	Mar. 31, 2018
Dividends [Abstract]
Dividends	Note 16. Dividends 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 was paid on December 15, 2017, to shareholders of record at the close of business on November 27, 2017. The most recent dividend of $0.04 per common share was paid on April 13, 2018, to shareholders of record at the close of business on March 26, 2018. Dividends are classified as restricted payments within the 2018 Credit Facility. The Company is generally permitted to make restricted payments provided that, at the time of payment, or as a result of payment, the Company is not in default on its debt covenants. Additional restrictions limit the aggregate amount of restricted, quarterly dividends during a fiscal year to the aggregate amount of mandatory and voluntary principal payments made on the priority term loans during the fiscal year.

Subsequent Event

Subsequent Event	3 Months Ended
	Mar. 31, 2018
Subsequent Event [Abstract]
Subsequent Event	Note 17. Subsequent Event On April 30, 2018, the Company acquired related assets of Vapor Supply, Vapor Supply.com, and some of its affiliates for total consideration of $4.8 million paid in cash. The Company is in the process of assigning fair value to the assets acquired which primarily consist of inventory, fixed assets, and intangible assets.

Organizations and Basis of Pr25

Organizations and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2018
Organizations and Basis of Presentation [Abstract]
Basis of Presentation	Basis of Presentation The accompanying interim, condensed, consolidated financial statements have been prepared in accordance with the accounting practices described in the Company’s audited consolidated financial statements as of, and for the year ended, December 31, 2017, and are unaudited.
Reclassifications	Certain prior year amounts have been reclassified to conform to the current year’s presentation. The changes did not have an impact on the Company’s consolidated financial position, results of operations, or cash flows in any of the periods presented.

Summary of Significant Accoun26

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2018
Summary of Significant Accounting Policies [Abstract]
Consolidation	Consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries, all of which are wholly-owned. All significant intercompany transactions have been eliminated.
Revenue Recognition	Revenue Recognition The Company adopted Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes nearly all existing revenue recognition guidance under U.S. GAAP, on January 1, 2018. The Company recognizes revenues, net of sales incentives and sales returns, including shipping and handling charges billed to customers, upon delivery of goods to the customer at an amount that the Company expects to be entitled to in exchange for those goods in accordance with the five-step analysis outlined in Topic 606: (i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations, and (v) recognize revenue when (or as) performance obligations are satisfied. A further requirement of ASU 2014-09 is for entities to
Shipping Costs	Shipping Costs The Company records shipping costs incurred as a component of selling, general, and administrative expenses. Shipping costs incurred were approximately $3.2 million and $2.2 million for the three months ending March 31, 2018 and 2017, respectively.
Fair Value	Fair Value GAAP establishes a framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1) and the lowest priority to unobservable inputs (level 3). 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 that are observable for the asset or liability, and inputs that are derived principally from or corroborated by observable market data by correlation or other means. · Level 3 – Unobservable inputs that reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date.
Derivative Instruments	Derivative Instruments Foreign Currency Forward Contracts: Interest Rate Swap Agreements:
Risks and Uncertainties	Risks and Uncertainties Manufacturers and sellers of tobacco products are subject to regulation at the federal, state, and local levels. Such regulations include, among others, labeling requirements, limitations on advertising, and prohibition of sales to minors. The trend in recent years has been toward increased regulation of the tobacco industry. There can be no assurance as to the ultimate content, timing, or effect of any regulation of tobacco products by any federal, state, or local legislative or regulatory body, nor can there be any assurance that any such legislation or regulation would not have a material adverse effect on the Company’s financial position, results of operations, or cash flows. The tobacco industry has experienced, and is experiencing, significant product liability litigation. Most tobacco liability lawsuits have been brought against manufacturers and sellers of cigarettes for injuries allegedly caused by smoking or exposure to smoke. However, several lawsuits have been brought against manufacturers and sellers of smokeless products for injuries to health allegedly caused by use of smokeless products. Typically, such claims assert that use of smokeless products is addictive and causes oral cancer. Additionally, several lawsuits have been brought against manufacturers and distributors of NewGen products due to malfunctioning devices. There can be no assurance the Company will not sustain losses in connection with such lawsuits and that such losses will not have a material adverse effect on the Company’s financial position, results of operations, or cash flows. Master Settlement Agreement (MSA): The Company has chosen to invest a portion of the MSA escrow deposits 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; 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: As of March 31, 2018 As of December 31, 2017 Cost Gross Unrealized Losses Estimated Fair Value Cost Gross Unrealized Losses Estimated Fair Value Cash and cash equivalents $ 3,072 $ - $ 3,072 $ 3,602 $ - $ 3,602 U.S. Governmental agency obligations(unrealized loss position < 12 months) 27,739 (1,706 ) 26,033 722 (17 ) 705 U.S. Governmental agency obligations (unrealized loss position > 12 months) 1,247 (36 ) 1,211 27,733 (1,214 ) 26,519 $ 32,058 $ (1,742 ) $ 30,316 $ 32,057 $ (1,231 ) $ 30,826 Fair value for the U.S. Governmental agency obligations are Level 2. The following shows the maturities of the U.S. Governmental agency obligations: As of March 31, 2018 December 31, 2017 Less than five years $ 7,114 $ 7,114 Six to ten years 18,913 17,662 Greater than ten years 2,959 3,679 Total U.S. Governmental agency obligations $ 28,986 $ 28,455 The following shows the amount of deposits by sales year for the MSA escrow account: Deposits as of Sales Year March 31, 2018 December 31, 2017 1999 $ 211 $ 211 2000 1,017 1,017 2001 1,673 1,673 2002 2,271 2,271 2003 4,249 4,249 2004 3,714 3,714 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 143 143 2015 101 101 2016 81 81 2017 71 70 Total $ 32,058 $ 32,057 Food and Drug Administration (“FDA”): cigars, pipe tobacco, electronic cigarettes (“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. 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. e.g. i.e.
Recent Accounting Pronouncements Adopted	Recent Accounting Pronouncements Adopted The Company adopted ASU 2014-09, Revenue from Contracts with Customers (Topic 606) The Company adopted Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income The adoption of this ASU resulted in a reclassification of stranded tax effects related to the TCJA from accumulated other comprehensive income to retained earnings of less than $0.1 million. The Company adopted ASU 2017-07, Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost The Company adopted ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), Leases

Summary of Significant Accoun27

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2018
Summary of Significant Accounting Policies [Abstract]
Fair Value of MSA Escrow Account	The following shows the fair value of the MSA escrow account: As of March 31, 2018 As of December 31, 2017 Cost Gross Unrealized Losses Estimated Fair Value Cost Gross Unrealized Losses Estimated Fair Value Cash and cash equivalents $ 3,072 $ - $ 3,072 $ 3,602 $ - $ 3,602 U.S. Governmental agency obligations(unrealized loss position < 12 months) 27,739 (1,706 ) 26,033 722 (17 ) 705 U.S. Governmental agency obligations (unrealized loss position > 12 months) 1,247 (36 ) 1,211 27,733 (1,214 ) 26,519 $ 32,058 $ (1,742 ) $ 30,316 $ 32,057 $ (1,231 ) $ 30,826
Maturities of U.S. Governmental Agency Obligations	The following shows the maturities of the U.S. Governmental agency obligations: As of March 31, 2018 December 31, 2017 Less than five years $ 7,114 $ 7,114 Six to ten years 18,913 17,662 Greater than ten years 2,959 3,679 Total U.S. Governmental agency obligations $ 28,986 $ 28,455
Deposits by Sales Year for MSA Escrow Account	The following shows the amount of deposits by sales year for the MSA escrow account: Deposits as of Sales Year March 31, 2018 December 31, 2017 1999 $ 211 $ 211 2000 1,017 1,017 2001 1,673 1,673 2002 2,271 2,271 2003 4,249 4,249 2004 3,714 3,714 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 143 143 2015 101 101 2016 81 81 2017 71 70 Total $ 32,058 $ 32,057

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2018
Inventories [Abstract]
Inventories	The components of inventories are as follows: March 31, 2018 December 31, 2017 Raw materials and work in process $ 2,403 $ 2,545 Leaf tobacco 29,300 30,308 Finished goods - smokeless products 6,503 5,834 Finished goods - smoking products 11,510 14,110 Finished goods - electronic/vaporizer products 12,910 14,532 Other 699 1,290 63,325 68,619 LIFO reserve (5,266 ) (5,323 ) $ 58,059 $ 63,296

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	3 Months Ended
	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, plant, and equipment consisted of the following: March 31, 2018 December 31, 2017 Land $ 22 $ 22 Buildings and improvements 2,072 2,072 Leasehold improvements 1,873 1,873 Machinery and equipment 12,960 12,635 Furniture and fixtures 3,857 3,821 20,784 20,423 Accumulated depreciation (12,122 ) (11,564 ) $ 8,662 $ 8,859

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	3 Months Ended
	Mar. 31, 2018
Accrued Liabilities [Abstract]
Accrued Liabilities	Accrued liabilities consisted of the following: March 31, 2018 December 31, 2017 Accrued payroll and related items $ 2,277 $ 5,683 Customer returns and allowances 2,175 2,707 Other 9,134 10,304 $ 13,586 $ 18,694

Notes Payable and Long-Term D31

Notes Payable and Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2018
Notes Payable and Long-Term Debt [Abstract]
Notes Payable and Long-Term Debt	Notes payable and long-term debt consisted of the following in order of preference: March 31, 2018 December 31, 2017 2018 First Lien Term Loan $ 160,000 $ - 2018 Second Lien Term Loan 40,000 - 2017 First Lien First Out Term Loan - 105,875 2017 First Lien Second Out Term Loan - 34,738 2017 Second Lien Term Loan - 55,000 Note payable - VaporBeast 2,000 2,000 Total notes payable and long-term debt 202,000 197,613 Less deferred finance charges (3,835 ) (3,573 ) Less current maturities (10,000 ) (7,850 ) $ 188,165 $ 186,190

Pension and Postretirement Be32

Pension and Postretirement Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2018
Pension and Postretirement Benefit Plans [Abstract]
Components of Net Periodic Benefit Cost	The following table provides the components of net periodic pension and postretirement benefit costs and total costs for the plans: Three Months Ended March 31, Pension Benefits Postretirement Benefits 2018 2017 2018 2017 Service cost $ 26 $ 26 $ - $ - Interest cost 142 170 29 58 Expected return on plan assets (254 ) (256 ) - - Amortization of (gains) losses 60 120 (20 ) - Net periodic benefit cost (income) $ (26 ) $ 60 $ 9 $ 58

Share Incentive Plans (Tables)

Share Incentive Plans (Tables)	3 Months Ended
	Mar. 31, 2018
Share Incentive Plans [Abstract]
Stock Option Activity	There are no shares available for grant under the 2006 Plan. Stock option activity for the 2006 and 2015 Plans is summarized below: Stock Option Shares Weighted Average Exercise Price Weighted Average Grant Date Fair Value Outstanding, December 31, 2016 1,637,762 $ 2.41 $ 1.23 Granted 133,819 14.69 4.41 Exercised (923,708 ) 1.55 0.83 Forfeited (801 ) 15.37 4.59 Surrendered (83,400 ) 1.06 0.54 Outstanding, December 31, 2017 763,672 5.73 2.36 Granted 124,100 21.27 6.39 Exercised (12,501 ) 1.61 0.87 Forfeited (9,323 ) 10.96 2.99 Outstanding, March 31, 2018 865,948 $ 7.96 $ 2.95
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 10, 2016, Grant February 10, 2017, Grant May 17, 2017, Grant March 7, 2018, Grant March 13, 2018, Grant Number of options granted 53,996 40,000 93,819 98,100 26,000 Options outstanding at March 31, 2018 47,247 40,000 90,445 98,100 26,000 Number exercisable at March 31, 2018 47,247 13,600 31,898 - 8,840 Exercise price $ 9.26 $ 13.00 $ 15.41 $ 21.21 $ 21.49 Remaining lives 0.18 8.87 9.13 9.94 9.96 Risk free interest rate 1.16 % 1.89 % 1.76 % 2.65 % 2.62 % Expected volatility 25.40 % 27.44 % 26.92 % 28.76 % 28.76 % Expected life 5.375 6.000 6.000 6.000 5.495 Dividend yield - - - 0.83 % 0.82 % Fair value at grant date $ 2.37 $ 3.98 $ 4.60 $ 6.37 $ 6.18

Income Per Share (Tables)

Income Per Share (Tables)	3 Months Ended
	Mar. 31, 2018
Income Per Share [Abstract]
Basic and Diluted Net Income 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 March 31, 2018 2017 Income Shares Per Share Income Shares Per Share Consolidated net income $ 3,032 $ 1,877 Basic EPS: Weighted average 19,221,892 $ 0.16 18,734,393 $ 0.10 Diluted EPS: Effect of dilutive securities: Stock options and warrants 540,302 898,960 19,762,194 $ 0.15 19,633,353 $ 0.10

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2018
Segment Information [Abstract]
Financial Information of Reported Segments	The tables below present financial information about reported segments: Three Months Ended March 31, 2018 2017 Net sales Smokeless products $ 20,747 $ 20,248 Smoking products 26,996 27,177 NewGen products 26,199 19,363 $ 73,942 $ 66,788 Operating income (loss) Smokeless products $ 4,486 $ 3,611 Smoking products 6,894 8,048 NewGen products (1,496 ) (664 ) Other (1) (143 ) (146 ) $ 9,741 $ 10,849 Interest expense (3,654 ) (4,933 ) Investment income 95 114 Loss on extinguishment of debt (2,384 ) (6,116 ) Net periodic benefit income (expense), excluding service cost 43 (92 ) Income before income taxes $ 3,841 $ (178 ) Capital expenditures Smokeless products $ 349 $ 366 NewGen products 14 2 $ 363 $ 368 Depreciation and amortization Smokeless products $ 339 $ 352 NewGen products 396 177 $ 735 $ 529 (1) '"Other" includes the costs and assets that are not assigned to the three reportable segments, such as intercompany transfers, deferred taxes, and investments in subsidiaries. All goodwill has been allocated to the reportable segments. March 31, 2018 December 31, 2017 Assets Smokeless products $ 97,279 $ 94,559 Smoking products 139,872 141,869 NewGen products 43,922 44,914 Other (1) (2,648 ) 935 $ 278,425 $ 282,277 (1) '"Other" includes the costs and assets that are not assigned to the three reportable segments, such as intercompany transfers, deferred taxes, and investments in subsidiaries. All goodwill has been allocated to the reportable segments.
Revenue Disaggregation - Sales Channel	NewGen net sales are broken out by sales channel below. Three Months Ended March 31, 2018 2017 Wholesalers $ 2,330 $ 2,474 Retail outlets 20,884 15,777 End-customers 2,935 1,112 Other 50 - $ 26,199 $ 19,363
Net Sales - Domestic vs. Foreign	The following table shows a breakdown of consolidated net sales between domestic and foreign customers. Three Months Ended March 31, 2018 2017 Domestic $ 70,858 $ 64,371 Foreign 3,084 2,417 Total $ 73,942 $ 66,788

Summary of Significant Accoun36

Summary of Significant Accounting Policies, Shipping Costs (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Shipping Costs [Abstract]
Shipping costs	$ 3.2	$ 2.2

Summary of Significant Accoun37

Summary of Significant Accounting Policies, Derivative Instruments (Details) - Maximum [Member]	3 Months Ended
	Mar. 31, 2018
Derivative [Line Items]
Percentage of anticipated purchases of inventory that may be hedged	100.00%
Term of hedge	12 months
Percentage of non-inventory purchases that may be hedged	90.00%

Summary of Significant Accoun38

Summary of Significant Accounting Policies, Master Settlement Agreement (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Fair Value of MSA Escrow Account [Abstract]
Cost	$ 32,058	$ 32,057
Gross unrealized losses	(1,742)	(1,231)
Estimated fair value	30,316	30,826
Maturities of U.S. Governmental Agency Obligations [Abstract]
Less than five years	7,114	7,114
Six to ten years	18,913	17,662
Greater than ten years	2,959	3,679
Total U.S. Governmental agency obligations	28,986	28,455
Master Settlement Agreement Escrow Account by Sales Year [Abstract]
1,999	211	211
2,000	1,017	1,017
2,001	1,673	1,673
2,002	2,271	2,271
2,003	4,249	4,249
2,004	3,714	3,714
2,005	4,552	4,552
2,006	3,847	3,847
2,007	4,167	4,167
2,008	3,364	3,364
2,009	1,626	1,626
2,010	406	406
2,011	193	193
2,012	199	199
2,013	173	173
2,014	143	143
2,015	101	101
2,016	81	81
2,017	71	70
Total	32,058	32,057
Cash and Cash Equivalents [Member]
Fair Value of MSA Escrow Account [Abstract]
Cost	3,072	3,602
Gross unrealized losses	0	0
Estimated fair value	3,072	3,602
U. S. Governmental Agency Obligations (Unrealized Loss Position less than 12 Months) [Member]
Fair Value of MSA Escrow Account [Abstract]
Cost	27,739	722
Gross unrealized losses	(1,706)	(17)
Estimated fair value	26,033	705
U. S. Governmental Agency Obligations (Unrealized Loss Position more than 12 Months) [Member]
Fair Value of MSA Escrow Account [Abstract]
Cost	1,247	27,733
Gross unrealized losses	(36)	(1,214)
Estimated fair value	$ 1,211	$ 26,519

Summary of Significant Accoun39

Summary of Significant Accounting Policies, Food and Drug Administration (Details)	3 Months Ended
	Mar. 31, 2018CategoryClass
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

Summary of Significant Accoun40

Summary of Significant Accounting Policies, Recent Accounting Pronouncements (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Recent Accounting Pronouncements Adopted [Abstract]
Net periodic benefit expense (income), excluding service cost	$ (43)	$ 92
ASU 2017-07 [Member] | Maximum [Member]
Recent Accounting Pronouncements Adopted [Abstract]
Cost of sales and selling, general, and administrative expenses	(100)	(100)
Net periodic benefit expense (income), excluding service cost	100	$ 100
Accumulated Other Comprehensive Income [Member] | ASU 2018-02 [Member] | Maximum [Member]
Recent Accounting Pronouncements Adopted [Abstract]
Reclassification of stranded tax effects related to the TCJA	100
Retained Earnings [Member] | ASU 2018-02 [Member] | Maximum [Member]
Recent Accounting Pronouncements Adopted [Abstract]
Reclassification of stranded tax effects related to the TCJA	$ (100)

Acquisitions, Vapor Shark (Deta

Acquisitions, Vapor Shark (Details) - Vapor Shark [Member] $ in Millions	1 Months Ended
	Feb. 28, 2018USD ($)Intallment	Jan. 31, 2018USD ($)	Jun. 30, 2017	Mar. 31, 2017USD ($)
Acquisitions [Abstract]
Committed deposit in exchange for warrant				$ 2.5
Equity interest to be purchased upon exercise of warrant				100.00%
Equity interest acquired			100.00%
Consideration paid in exchange for option to purchase owned stores		$ 1.5
Cash paid to former shareholder in exchange for option to purchase branded company-owned stores	$ 1
Liability to former shareholder in exchange for option to purchase branded company-owned stores	$ 0.5
Number of monthly installments for the remaining amount | Intallment	24

Derivative Instruments (Details

Derivative Instruments (Details) € in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2018EUR (€)	Mar. 31, 2017EUR (€)	Mar. 31, 2018USD ($)	Mar. 31, 2018EUR (€)	Dec. 31, 2017USD ($)	Dec. 31, 2017EUR (€)
Maximum [Member]
Derivative Instruments [Abstract]
Percentage of anticipated purchases of inventory that may be hedged	100.00%
Term of hedge	12 months
Percentage of non-inventory purchases that may be hedged	90.00%
Foreign Exchange Contracts [Member]
Derivative Instruments [Abstract]
Notional amount of contracts purchased | €	€ 6	€ 0
Notional amount | €				€ 3.8		€ 0
Interest Rate Swap [Member]
Derivative Instruments [Abstract]
Notional amount | $			$ 70		$ 0
Fair value | $			$ 0.7
Interest Rate Swap [Member] | LIBOR [Member]
Derivative Instruments [Abstract]
Interest rate percentage			2.755%	2.755%

Fair Value of Financial Instr43

Fair Value of Financial Instruments (Details) € in Millions, $ in Millions	Mar. 31, 2018USD ($)	Mar. 31, 2018EUR (€)	Dec. 31, 2017USD ($)	Dec. 31, 2017EUR (€)
Foreign Exchange Contracts [Member]
Fair Value of Financial Instruments [Abstract]
Notional amount | €		€ 3.8		€ 0
Interest Rate Swap [Member]
Fair Value of Financial Instruments [Abstract]
Notional amount	$ 70		$ 0
Fair value	0.7
Fair Value [Member] | 2018 First Lien Term Loan [Member]
Fair Value of Financial Instruments [Abstract]
Long-term debt	160
Fair Value [Member] | 2018 Second Lien Term Loan [Member]
Fair Value of Financial Instruments [Abstract]
Long-term debt	$ 40
Fair Value [Member] | 2017 First Lien Term Loans [Member]
Fair Value of Financial Instruments [Abstract]
Long-term debt			140.6
Fair Value [Member] | 2017 Second Lien Term Loan [Member]
Fair Value of Financial Instruments [Abstract]
Long-term debt			$ 56.1

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Inventories [Abstract]
Raw materials and work in process	$ 2,403	$ 2,545
Leaf tobacco	29,300	30,308
Other	699	1,290
Inventory	63,325	68,619
LIFO reserve	(5,266)	(5,323)
Inventory, net	58,059	63,296
Inventory valuation allowance	600	500
Smokeless Products [Member]
Inventories [Abstract]
Finished goods	6,503	5,834
Smoking Products [Member]
Inventories [Abstract]
Finished goods	11,510	14,110
Electronic / Vaporizer Products [Member]
Inventories [Abstract]
Finished goods	$ 12,910	$ 14,532

Property, Plant and Equipment45

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Property, plant and equipment	$ 20,784	$ 20,423
Accumulated depreciation	(12,122)	(11,564)
Property, plant and equipment, net	8,662	8,859
Land [Member]
Property, Plant and Equipment [Abstract]
Property, plant and equipment	22	22
Buildings and Improvements [Member]
Property, Plant and Equipment [Abstract]
Property, plant and equipment	2,072	2,072
Leasehold Improvements [Member]
Property, Plant and Equipment [Abstract]
Property, plant and equipment	1,873	1,873
Machinery and Equipment [Member]
Property, Plant and Equipment [Abstract]
Property, plant and equipment	12,960	12,635
Furniture and Fixtures [Member]
Property, Plant and Equipment [Abstract]
Property, plant and equipment	$ 3,857	$ 3,821

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Accrued Liabilities [Abstract]
Accrued payroll and related items	$ 2,277	$ 5,683
Customer returns and allowances	2,175	2,707
Other	9,134	10,304
Total accrued liabilities	$ 13,586	$ 18,694

Notes Payable and Long-Term D47

Notes Payable and Long-Term Debt, Summary of Notes Payable and Long-Term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Notes Payable and Long-Term Debt [Abstract]
Notes payable and long-term debt	$ 202,000	$ 197,613
Less deferred finance charges	(3,835)	(3,573)
Less current maturities	(10,000)	(7,850)
Long-term debt	188,165	186,190
2018 First Lien Term Loan [Member]
Notes Payable and Long-Term Debt [Abstract]
Notes payable and long-term debt	160,000	0
2018 Second Lien Term Loan [Member]
Notes Payable and Long-Term Debt [Abstract]
Notes payable and long-term debt	40,000	0
2017 First Lien First Out Term Loan [Member]
Notes Payable and Long-Term Debt [Abstract]
Notes payable and long-term debt	0	105,875
2017 First Lien Second Out Term Loan [Member]
Notes Payable and Long-Term Debt [Abstract]
Notes payable and long-term debt	0	34,738
2017 Second Lien Term Loan [Member]
Notes Payable and Long-Term Debt [Abstract]
Notes payable and long-term debt	0	55,000
Note Payable - VaporBeast [Member]
Notes Payable and Long-Term Debt [Abstract]
Notes payable and long-term debt	$ 2,000	$ 2,000

Notes Payable and Long-Term D48

Notes Payable and Long-Term Debt, 2018 Credit Facility (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 07, 2018
Notes Payable and Long-Term Debt [Abstract]
Loss on extinguishment of debt	$ (2,384)	$ (6,116)
2018 Credit Facility [Member]
Notes Payable and Long-Term Debt [Abstract]
Secured credit facility			$ 250,000
Additional borrowing capacity under accordion feature			40,000
2018 First Lien Term Loan [Member]
Notes Payable and Long-Term Debt [Abstract]
Face amount			160,000
2018 Revolving Credit Facility [Member]
Notes Payable and Long-Term Debt [Abstract]
Maximum borrowing capacity			50,000
2018 Second Lien Term Loan [Member]
Notes Payable and Long-Term Debt [Abstract]
Face amount			$ 40,000

Notes Payable and Long-Term D49

Notes Payable and Long-Term Debt, 2018 First Lien Credit Facility (Details) $ in Millions	Mar. 07, 2018USD ($)	Mar. 31, 2018USD ($)
2018 First Lien Credit Facility [Member] | Minimum [Member]
Notes Payable and Long-Term Debt [Abstract]
Senior leverage ratio	3
Total leverage ratio	4
Fixed charge coverage ratio	1.20
2018 First Lien Credit Facility [Member] | Maximum [Member]
Notes Payable and Long-Term Debt [Abstract]
Senior leverage ratio	3.50
Total leverage ratio	4.50
2018 Revolving Credit Facility [Member]
Notes Payable and Long-Term Debt [Abstract]
Outstanding borrowings		$ 0
2018 Revolving Credit Facility [Member] | LIBOR [Member] | Minimum [Member]
Notes Payable and Long-Term Debt [Abstract]
Margin on variable rate	2.75%
2018 Revolving Credit Facility [Member] | LIBOR [Member] | Maximum [Member]
Notes Payable and Long-Term Debt [Abstract]
Margin on variable rate	3.50%
2018 First Lien Term Loan [Member]
Notes Payable and Long-Term Debt [Abstract]
Frequency of required payment		Quarterly
Maturity date		Mar. 7, 2023
Weighted average interest rate		5.13%
2018 First Lien Term Loan [Member] | June 30, 2018 through March 31, 2020 [Member]
Notes Payable and Long-Term Debt [Abstract]
Required payment	$ 2
2018 First Lien Term Loan [Member] | June 30, 2020 through March 31, 2022 [Member]
Notes Payable and Long-Term Debt [Abstract]
Required payment	3
2018 First Lien Term Loan [Member] | June 30, 2022 and after [Member]
Notes Payable and Long-Term Debt [Abstract]
Required payment	$ 4
2018 First Lien Term Loan [Member] | LIBOR [Member] | Minimum [Member]
Notes Payable and Long-Term Debt [Abstract]
Margin on variable rate	2.75%
2018 First Lien Term Loan [Member] | LIBOR [Member] | Maximum [Member]
Notes Payable and Long-Term Debt [Abstract]
Margin on variable rate	3.50%

Notes Payable and Long-Term D50

Notes Payable and Long-Term Debt, 2018 Second Lien Credit Facility (Details)	Mar. 07, 2018	Mar. 31, 2018
2018 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
2018 Second Lien Credit Facility [Member] | Maximum [Member]
Notes Payable and Long-Term Debt [Abstract]
Senior leverage ratio	3.75
Total leverage ratio	4.75
2018 Second Lien Term Loan [Member]
Notes Payable and Long-Term Debt [Abstract]
Maturity date		Mar. 7, 2024
Weighted average interest rate		8.70%
2018 Second Lien Term Loan [Member] | LIBOR [Member]
Notes Payable and Long-Term Debt [Abstract]
Margin on variable rate	7.00%

Notes Payable and Long-Term D51

Notes Payable and Long-Term Debt, 2017 Credit Facility (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Feb. 17, 2017
Notes Payable and Long-Term Debt [Abstract]
Loss on extinguishment of debt	$ (2,384)	$ (6,116)
2017 Credit Facility [Member]
Notes Payable and Long-Term Debt [Abstract]
Face amount			$ 250,000

Notes Payable and Long-Term D52

Notes Payable and Long-Term Debt, 2017 First Lien Credit Facility (Details) $ in Millions	Feb. 17, 2017USD ($)Counterparty	Mar. 31, 2018	Dec. 31, 2017
2017 First Lien Credit Facility [Member]
Notes Payable and Long-Term Debt [Abstract]
Additional borrowing capacity under accordion feature	$ 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			5.05%
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			4.61%
2017 First Out Term Loan [Member] | June 30, 2017 through March 31, 2019 [Member]
Notes Payable and Long-Term Debt [Abstract]
Required payment	1.4
2017 First Out Term Loan [Member] | June 30, 2019 through March 31, 2021 [Member]
Notes Payable and Long-Term Debt [Abstract]
Required payment	2.1
2017 First Out Term Loan [Member] | June 30, 2021 and After [Member]
Notes Payable and Long-Term Debt [Abstract]
Required payment	$ 2.8
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
Required payment	$ 0.1
Weighted average interest rate			7.61%
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 D53

Notes Payable and Long-Term Debt, 2017 Second Lien Credit Facility (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	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
Maturity date	Aug. 17, 2022
Interest rate		11.00%

Notes Payable and Long-Term D54

Notes Payable and Long-Term Debt, Note Payable - VaporBeast (Details) - Note Payable - VaporBeast [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	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 D55

Notes Payable and Long-Term Debt, First Lien Term Loan (Details) - NATC [Member]	2 Months Ended	3 Months Ended
	Feb. 17, 2017	Mar. 31, 2018
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 D56

Notes Payable and Long-Term Debt, Second Lien Term Loan (Details) - NATC [Member]	2 Months Ended	3 Months Ended
	Feb. 17, 2017	Mar. 31, 2018
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 D57

Notes Payable and Long-Term Debt, Revolving Credit Facility (Details) - Revolving Credit Facility [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	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.

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017
Income Taxes [Abstract]
Federal statutory rate	21.00%
Income tax expense related to remeasurement of deferred tax assets and liabilities at the newly enacted federal statutory rate		$ 0.2
Effective income tax rate	21.00%
Tax benefits relating to stock options exercised			$ 2

Pension and Postretirement Be59

Pension and Postretirement Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Pension Benefits [Member]
Net Periodic Benefit Cost [Abstract]
Service cost	$ 26	$ 26
Interest cost	142	170
Expected return on plan assets	(254)	(256)
Amortization of (gains) losses	60	120
Net periodic benefit cost (income)	(26)	60
Plan Contributions [Abstract]
Expected contributions in 2018	0
Postretirement Benefits [Member]
Net Periodic Benefit Cost [Abstract]
Service cost	0	0
Interest cost	29	58
Expected return on plan assets	0	0
Amortization of (gains) losses	(20)	0
Net periodic benefit cost (income)	9	$ 58
Plan Contributions [Abstract]
Expected contributions in 2018	$ 300

Share Incentive Plans, Equity I

Share Incentive Plans, Equity Incentive Plans (Details) $ / shares in Units, $ in Thousands	Feb. 07, 2017USD ($)Individual$ / sharesshares	Mar. 31, 2018USD ($)shares	Mar. 31, 2017USD ($)	Apr. 28, 2016shares
Share Incentive Plans [Abstract]
Surrender of options | $		$ 0	$ 1,000
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 available for grant (in shares)		893,481
2015 Plan [Member] | Restricted Stock [Member]
Share Incentive Plans [Abstract]
Number of awards granted (in shares)		20,727
2015 Plan [Member] | Performance-Based Restricted Stock Units [Member]
Share Incentive Plans [Abstract]
Number of awards granted (in shares)		184,000
2015 Plan [Member] | Stock Options [Member]
Share Incentive Plans [Abstract]
Number of awards granted (in shares)		301,792
2006 Plan [Member]
Share Incentive Plans [Abstract]
Number of shares available for grant (in shares)		0
Voting Common Stock [Member] | 2015 Plan [Member]
Share Incentive Plans [Abstract]
Number of shares authorized for issuance (in shares)				1,400,000

Share Incentive Plans, Stock Op

Share Incentive Plans, Stock Option Activity (Details) - Stock Options [Member] - $ / shares	Feb. 07, 2017	Mar. 31, 2018	Dec. 31, 2017
Incentive Shares [Roll Forward]
Surrendered (in shares)	(83,400)
2006 and 2015 Plans [Member]
Incentive Shares [Roll Forward]
Outstanding, beginning balance (in shares)		763,672	1,637,762
Granted (in shares)		124,100	133,819
Exercised (in shares)		(12,501)	(923,708)
Forfeited (in shares)		(9,323)	(801)
Surrendered (in shares)			(83,400)
Outstanding, ending balance (in shares)		865,948	763,672
Weighted Average Exercise Price [Abstract]
Outstanding, beginning balance (in dollars per share)		$ 5.73	$ 2.41
Granted (in dollars per share)		21.27	14.69
Exercised (in dollars per share)		1.61	1.55
Forfeited (in dollars per share)		10.96	15.37
Surrendered (in dollars per share)			1.06
Outstanding, ending balance (in dollars per share)		7.96	5.73
Weighted Average Grant Date Fair Value [Abstract]
Outstanding, beginning balance (in dollars per share)		2.36	1.23
Granted (in dollars per share)		6.39	4.41
Exercised (in dollars per share)		0.87	0.83
Forfeited (in dollars per share)		2.99	4.59
Surrendered (in dollars per share)			0.54
Outstanding, ending balance (in dollars per share)		$ 2.95	$ 2.36

Share Incentive Plans, Assumpti

Share Incentive Plans, Assumptions for Options Granted Under 2006 Plan (Details) - 2006 Plan [Member] - Stock Options [Member] - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Share Incentive Plans [Abstract]
Intrinsic value of options exercised	$ 0.3	$ 4.7
Intrinsic value of options surrendered		$ 1
Expected life	10 years
Exercise Price $1.06 [Member]
Share Incentive Plans [Abstract]
Number of options (in shares)	92,535
Exercise price (in dollars per share)	$ 1.06
Number of options exercisable (in shares)	92,535
Remaining lives	7 months 6 days
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 at grant date (in dollars per share)	$ 0.54
Exercise Price $3.83 [Member]
Share Incentive Plans [Abstract]
Number of options (in shares)	471,621
Exercise price (in dollars per share)	$ 3.83
Number of options exercisable (in shares)	471,621
Remaining lives	5 years 22 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 at grant date (in dollars per share)	$ 2.17

Share Incentive Plans, Assump63

Share Incentive Plans, Assumptions for Options Granted Under 2015 Plan (Details) - 2015 Plan [Member] - Stock Options [Member] - $ / shares	Mar. 13, 2018	Mar. 07, 2018	May 17, 2017	Feb. 10, 2017	Aug. 07, 2016	Mar. 31, 2018
August 10, 2016 Grant [Member]
Share Incentive Plans [Abstract]
Number of options granted (in shares)					53,996
Options outstanding (in shares)						47,247
Number exercisable (in shares)						47,247
Exercise price (in dollars per share)						$ 9.26
Remaining lives						2 months 5 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 at grant date (in dollars per share)						$ 2.37
February 10, 2017 Grant [Member]
Share Incentive Plans [Abstract]
Number of options granted (in shares)				40,000
Options outstanding (in shares)						40,000
Number exercisable (in shares)						13,600
Exercise price (in dollars per share)						$ 13
Remaining lives						8 years 10 months 13 days
Risk free interest rate						1.89%
Expected volatility						27.44%
Expected life						6 years
Dividend yield						0.00%
Fair value at grant date (in dollars per share)						$ 3.98
May 17, 2017 Grant [Member]
Share Incentive Plans [Abstract]
Number of options granted (in shares)			93,819
Options outstanding (in shares)						90,445
Number exercisable (in shares)						31,898
Exercise price (in dollars per share)						$ 15.41
Remaining lives						9 years 1 month 17 days
Risk free interest rate						1.76%
Expected volatility						26.92%
Expected life						6 years
Dividend yield						0.00%
Fair value at grant date (in dollars per share)						$ 4.60
March 7, 2018 Grant [Member]
Share Incentive Plans [Abstract]
Number of options granted (in shares)		98,100
Options outstanding (in shares)						98,100
Number exercisable (in shares)						0
Exercise price (in dollars per share)						$ 21.21
Remaining lives						9 years 11 months 8 days
Risk free interest rate						2.65%
Expected volatility						28.76%
Expected life						6 years
Dividend yield						0.83%
Fair value at grant date (in dollars per share)						$ 6.37
March 13, 2018 Grant [Member]
Share Incentive Plans [Abstract]
Number of options granted (in shares)	26,000
Options outstanding (in shares)						26,000
Number exercisable (in shares)						8,840
Exercise price (in dollars per share)						$ 21.49
Remaining lives						9 years 11 months 16 days
Risk free interest rate						2.62%
Expected volatility						28.76%
Expected life						5 years 5 months 28 days
Dividend yield						0.82%
Fair value at grant date (in dollars per share)						$ 6.18

Share Incentive Plans, Compensa

Share Incentive Plans, Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Compensation Expense [Abstract]
Compensation expense related to options	$ 0.1	$ 0.1
Unrecognized compensation expense related to options	$ 0.9
Period over which unrecognized compensation expense will be expensed	2 years 5 months 26 days

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. 07, 2018	Mar. 31, 2017	Mar. 31, 2018
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)	96,000	94,000
Fair value (in dollars per share)	$ 21.21	$ 15.60
Unvested units outstanding (in shares)			184,000
Compensation expense			$ 0.1
Unrecognized compensation expense			$ 3.1

Income Per Share (Details)

Income Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income Per Share [Abstract]
Consolidated net income	$ 3,032	$ 1,877
Basic EPS [Abstract]
Basic weighted average shares (in shares)	19,221,892	18,734,393
Basic EPS (in dollars per share)	$ 0.16	$ 0.10
Effect of Dilutive Securities [Abstract]
Stock options and warrants (in shares)	540,302	898,960
Diluted weighted average shares (in shares)	19,762,194	19,633,353
Diluted EPS (in dollars per share)	$ 0.15	$ 0.10

Segment Information, Financial

Segment Information, Financial Information of Reportable Segments (Details) $ in Thousands		3 Months Ended
		Mar. 31, 2018USD ($)Segment	Mar. 31, 2017USD ($)	Dec. 31, 2017USD ($)
Segment Information [Abstract]
Number of reportable segments | Segment		3
Segment Information [Abstract]
Net sales		$ 73,942	$ 66,788
Operating income (loss)		9,741	10,849
Interest expense		(3,654)	(4,933)
Investment income		95	114
Loss on extinguishment of debt		(2,384)	(6,116)
Net periodic benefit income (expense), excluding service cost		43	(92)
Income (loss) before income taxes		3,841	(178)
Capital expenditures		363	368
Depreciation and amortization		735	529
Assets		278,425		$ 282,277
NewGen Products [Member]
Segment Information [Abstract]
Net sales		26,199	19,363
Reportable Segments [Member] | Smokeless Products [Member]
Segment Information [Abstract]
Net sales		20,747	20,248
Operating income (loss)		4,486	3,611
Capital expenditures		349	366
Depreciation and amortization		339	352
Assets		97,279		94,559
Reportable Segments [Member] | Smoking Products [Member]
Segment Information [Abstract]
Net sales		26,996	27,177
Operating income (loss)		6,894	8,048
Assets		139,872		141,869
Reportable Segments [Member] | NewGen Products [Member]
Segment Information [Abstract]
Net sales		26,199	19,363
Operating income (loss)		(1,496)	(664)
Capital expenditures		14	2
Depreciation and amortization		396	177
Assets		43,922		44,914
Other [Member]
Segment Information [Abstract]
Operating income (loss)	[1]	(143)	$ (146)
Assets	[1]	$ (2,648)		$ 935
[1]	"Other" includes the costs and assets that are not assigned to the three reportable segments, such as intercompany transfers, deferred taxes, and investments in subsidiaries. All goodwill has been allocated to the reportable segments.

Segment Information, Revenue Di

Segment Information, Revenue Disaggregation - Sales Channel (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Net Sales by Sales Channel [Abstract]
Net sales	$ 73,942	$ 66,788
Smokeless Products [Member] | Net Sales [Member] | Wholesalers [Member]
Net Sales by Sales Channel [Abstract]
Concentration percentage	100.00%
Smoking Products [Member] | Net Sales [Member] | Wholesalers [Member]
Net Sales by Sales Channel [Abstract]
Concentration percentage	100.00%
NewGen Products [Member]
Net Sales by Sales Channel [Abstract]
Net sales	$ 26,199	19,363
NewGen Products [Member] | Wholesalers [Member]
Net Sales by Sales Channel [Abstract]
Net sales	2,330	2,474
NewGen Products [Member] | Retail Outlets [Member]
Net Sales by Sales Channel [Abstract]
Net sales	20,884	15,777
NewGen Products [Member] | End-customers [Member]
Net Sales by Sales Channel [Abstract]
Net sales	2,935	1,112
NewGen Products [Member] | Other [Member]
Net Sales by Sales Channel [Abstract]
Net sales	$ 50	$ 0

Segment Information, Net Sales

Segment Information, Net Sales - Domestic vs. Foreign (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Segment Information [Abstract]
Net sales	$ 73,942	$ 66,788
Reportable Geographical Component [Member] | Domestic [Member]
Segment Information [Abstract]
Net sales	70,858	64,371
Reportable Geographical Component [Member] | Foreign [Member]
Segment Information [Abstract]
Net sales	$ 3,084	$ 2,417

Dividends (Details)

Dividends (Details) - $ / shares	Apr. 13, 2018	Dec. 15, 2017	Mar. 31, 2018
Dividend Declared Q4-2017 [Member]
Dividends [Abstract]
Dividend payable, date declared			Nov. 9, 2017
Cash dividend paid (in dollars per share)		$ 0.04
Dividend payable, date to be paid			Dec. 15, 2017
Dividend payable, date of record			Nov. 27, 2017
Dividend Declared Q1-2018 [Member] | Subsequent Event [Member]
Dividends [Abstract]
Cash dividend paid (in dollars per share)	$ 0.04
Dividend payable, date to be paid	Apr. 13, 2018
Dividend payable, date of record	Mar. 26, 2018

Subsequent Event (Details)

Subsequent Event (Details) $ in Millions	Apr. 30, 2018USD ($)
Subsequent Event [Member] | Vapor Supply, Vapor Supply.com, and Some of its Affiliates [Member]
Subsequent Events [Abstract]
Total consideration paid in cash	$ 4.8