Orchids Paper Products 10-Q 9 Aug 17 2017 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Jul. 28, 2017
Document Information [Line Items]
Entity Registrant Name	Orchids Paper Products CO /DE
Entity Central Index Key	1,324,189
Trading Symbol	TIS
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		10,429,091
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS (Cu

CONSOLIDATED BALANCE SHEETS (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Current assets:
Cash	$ 1,327	$ 8,750
Accounts receivable, net of allowance of $30 and $30, respectively	13,394	8,954
Receivables from related party	1,110	491
Inventories, net	20,936	18,414
Income taxes receivable	3,385	8,735
Prepaid expenses	319	925
Other current assets	1,086	868
Total current assets	41,557	47,137
Property, plant and equipment (including from consolidated VIE $16,237 and $16,237, respectively)	362,762	320,442
Accumulated depreciation	(77,699)	(71,258)
Net property, plant and equipment	285,063	249,184
Restricted cash (from consolidated VIE)	1,206	1,276
Income taxes and VAT receivable	10,598	212
Intangible assets, net of accumulated amortization of $3,945 and $3,479, respectively	14,045	14,511
Goodwill	7,560	7,560
Total assets	360,029	319,880
Current liabilities:
Overdrafts	165	0
Accounts payable	16,291	7,739
Accounts payable to related party	4,189	3,130
Accrued liabilities	3,118	2,545
Current portion of long-term debt (Note 7)	165,369	6,728
Total current liabilities	189,132	20,142
Long-term debt including capital leases, less current portion (Note 7)	33	133,989
Other long-term liabilities (from consolidated VIE)	5,204	5,170
Deferred income taxes	36,804	27,334
Commitment and contingencies (Note 4)
Stockholders' equity:
Common stock, $.001 par value, 25,000,000 shares authorized, 10,429,091 and 10,296,891 shares issued and outstanding in 2017 and 2016, respectively	10	10
Additional paid-in capital	101,010	98,885
Retained earnings	27,836	34,350
Total stockholders' equity	128,856	133,245
Total liabilities and stockholders' equity	$ 360,029	$ 319,880

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Allowance for doubtful accounts	$ 30	$ 30
Accumulated amortization, intangible assets	3,945	3,479
Property, Plant and Equipment, Gross	$ 362,762	$ 320,442
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	25,000,000	25,000,000
Common Stock, Shares, Issued	10,429,091	10,296,891
Common Stock, Shares, Outstanding	10,429,091	10,296,891
Variable Interest Entity, Primary Beneficiary [Member]
Property, Plant and Equipment, Gross	$ 16,237	$ 16,237

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Net sales	$ 38,443	$ 39,414	$ 73,797	$ 87,157
Cost of sales	36,929	32,541	70,314	68,903
Gross profit	1,514	6,873	3,483	18,254
Selling, general and administrative expenses	3,289	2,504	5,908	5,226
Intangibles amortization	233	376	466	753
Operating (loss) income	(2,008)	3,993	(2,891)	12,275
Interest expense	560	285	1,077	548
Other income, net	(115)	(164)	(282)	(365)
(Loss) income before income taxes	(2,453)	3,872	(3,686)	12,092
Provision for (benefit from) income taxes:
Current	(5,826)	(934)	(11,197)	1,898
Deferred	5,420	2,238	10,418	2,217
Total provision for (benefit from) income taxes	(406)	1,304	(779)	4,115
Net (loss) income	$ (2,047)	$ 2,568	$ (2,907)	$ 7,977
Net (loss) income per common share:
Basic	$ (0.2)	$ 0.25	$ (0.28)	$ 0.78
Diluted	$ (0.2)	$ 0.25	$ (0.28)	$ 0.77
Weighted average common shares used in calculating net income (loss) per common share:
Basic	10,367,315	10,278,355	10,334,494	10,275,255
Diluted	10,367,315	10,374,851	10,334,494	10,342,853
Cash dividends declared per share	$ 0	$ 0.35	$ 0.35	$ 0.7

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash Flows From Operating Activities
Net (loss) income	$ (2,907)	$ 7,977
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	7,127	6,645
Deferred income taxes	9,470	2,217
Stock compensation expense	266	535
Loss on disposal of property, plant and equipment	0	(9)
Changes in cash due to changes in operating assets and liabilities:
Accounts receivable, including amounts due to related party	(5,059)	1,794
Inventories	(2,522)	(6,720)
Income taxes receivable	5,350	0
Prepaid expenses	606	(634)
Non-current income taxes receivable	(10,370)	0
Other assets	(234)	1,046
Accounts payable, including amounts due to related party	2,763	1,052
Accrued liabilities	573	2,506
Net cash provided by operating activities	5,063	16,409
Cash Flows From Investing Activities
Purchases of property, plant and equipment	(35,439)	(45,767)
Proceeds from sale of property, plant and equipment	0	9
Decrease in restricted cash	70	7,110
Net cash used in investing activities	(35,369)	(38,648)
Cash Flows From Financing Activities
Proceeds from economic incentive	0	1,900
Principal payments on long-term debt	(2,276)	(1,613)
Net borrowings on revolving credit line	27,925	30,640
Net proceeds from follow-on stock offering	(35)	0
Net proceeds from at-the-market stock offering	1,760	0
Overdrafts	165	0
Dividends paid to stockholders	(3,607)	(7,193)
Proceeds from the exercise of stock options	134	314
Excess tax benefit of stock options exercised	0	171
Deferred debt issuance costs	(1,183)	(105)
Net cash provided by financing activities	22,883	24,114
Net increase (decrease) in cash	(7,423)	1,875
Cash, beginning	8,750	4,361
Cash, ending	1,327	6,236
Supplemental Disclosure:
Interest paid	2,799	1,144
Income taxes refunded, net	(5,354)	0
Tax benefits realized from stock options exercised	59	211
Capital expenditures invoiced but not yet paid	$ 7,116	$ 14,896

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1 — Basis of Presentation Orchids Paper Products Company and its subsidiaries (collectively, “Orchids” or the “Company”) produce bulk tissue paper, known as parent rolls, and convert parent rolls into finished products, including paper towels, bathroom tissue and paper napkins. The Company predominately sells its products for use in the “at home” market under private labels to a customer base consisting primarily of dollar stores, discount retailers and grocery stores that offer limited alternatives across a wide range of products, and, to a lesser extent, the “away from home” market. The Company has owned and operated its manufacturing facility in Pryor, Oklahoma since 1998. On June 3, 2014, the Company completed the acquisition of certain assets from Fabrica de Papel San Francisco, S.A. de C.V. (“Fabrica”) pursuant to an asset purchase agreement (see Note 2). In connection with the acquisition of these assets, the Company formed three wholly-owned subsidiaries: Orchids Mexico DE Holdings, LLC, Orchids Mexico DE Member, LLC, and OPP Acquisition Mexico, S. de R.L. de C.V (“Orchids Mexico”). In April 2015, the Company announced the construction of a new manufacturing facility in Barnwell, South Carolina. In conjunction with this project, the Company established a wholly-owned subsidiary: Orchids Paper Products Company of South Carolina. Furthermore, in connection with a New Market Tax Credit (“NMTC”) transaction in December 2015 (see Note 13), the Company created Orchids Lessor SC, LLC, another wholly-owned subsidiary. The accompanying consolidated financial statements include the accounts of Orchids and these wholly-owned subsidiaries. All significant intercompany transactions and balances have been eliminated in consolidation. The Company’s common stock trades on the NYSE American under the ticker symbol “TIS.” The accompanying financial statements have been prepared without an audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted (“GAAP”) in the United States have been condensed or omitted pursuant to the rules and regulations. However, the Company believes that the disclosures made are adequate to make the information presented not misleading when read in conjunction with the audited financial statements and the notes in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2016, filed with the SEC on March 15, 2017, as amended by the Company’s Amendment No. 1 to its Annual Report on Form 10-K/A, filed with the SEC on March 30, 2017. Management believes that the financial statements contain all adjustments necessary for a fair presentation of the results for the interim periods presented. All adjustments were of a normal, recurring nature. The results of operations for the interim period are not necessarily indicative of the results for the entire fiscal year.

Note 2 - Related Party Transact

Note 2 - Related Party Transactions and Fabrica	6 Months Ended
	Jun. 30, 2017
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	Note 2 — Related Party Transactions and Fabrica On May 5, 2014, Orchids Paper Products Company and its wholly owned subsidiary, Orchids Mexico, entered into an asset purchase agreement (“APA”) with Fabrica to acquire certain assets and 100 The Company entered into the following transactions with Fabrica during the three and six-month periods ended June 30: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (In thousands) (In thousands) Products purchased under the Supply Agreement $ 7,845 $ 9,440 $ 14,228 $ 18,444 Amounts billed to Fabrica under the Equipment Lease Agreement $ 529 $ 203 $ 993 $ 724 Parent rolls purchased by Fabrica $ 919 $ - $ 1,834 $ 867 Goodwill There were no changes to the $ 7.6

Note 3 - Fair Value Measurement

Note 3 - Fair Value Measurements	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	Note 3 — Fair Value Measurements The Company does not report any assets or liabilities at fair value in the financial statements. However, the fair value of the Company’s long-term debt is estimated by management to approximate the carrying value (before deducting unamortized debt issuance costs) of $ 167.6 142.0

Note 4 - Commitments and Contin

Note 4 - Commitments and Contingencies	6 Months Ended
	Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Note 4 — Commitments and Contingencies The Company may be involved from time to time in litigation arising from the normal course of business. In management’s opinion, as of the date of this report, the Company is not engaged in legal proceedings which individually or in the aggregate are expected to have a materially adverse effect on the Company’s results of operations or financial condition. Gas purchase commitments The Company has entered into a natural gas fixed price contract to purchase natural gas, which provides approximately 80 90 Period MMBTUs Price per July 2017 - September 2017 118,550 $ 4.06 October 2017 - December 2017 117,055 $ 4.06 Purchases under the gas contract were $ 0.5 0.4 1.0 0.8 In the second quarter of 2015, the Company began construction on an integrated paper converting facility in Barnwell, South Carolina. As of June 30, 2017, obligations under these open purchase orders totaled $ 0.4

Note 5 - Inventories

Note 5 - Inventories	6 Months Ended
	Jun. 30, 2017
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	Note 5 — Inventories Inventories at June 30, 2017 and December 31, 2016 were as follows: June 30, December 31, 2017 2016 (In thousands) Raw materials $ 5,860 $ 4,855 Bulk paper rolls 3,529 3,765 Converted finished goods 11,855 9,859 Inventory valuation reserve (308) (65) $ 20,936 $ 18,414

Note 6 - Property, Plant and Eq

Note 6 - Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	Note 6 — Property, Plant and Equipment Property, plant and equipment at June 30, 2017 and December 31, 2016 was: June 30, December 31, 2017 2016 (In thousands) Land $ 1,316 $ 1,316 Buildings and improvements 37,356 37,356 Machinery and equipment 187,343 186,863 Vehicles 1,830 1,830 Nondepreciable machinery and equipment (parts and spares) 12,103 11,976 Construction-in-process 122,814 81,101 $ 362,762 $ 320,442 In January 2016, the Company received $ 1.9 Interest expense for three months ended June 30, 2017 and 2016, excludes $ 1.1 0.7 1.8 0.9

Note 7 - Long-Term Debt and Rev

Note 7 - Long-Term Debt and Revolving Line of Credit	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	Note 7 — Long-Term Debt and Revolving Line of Credit In April 2015, the Company amended its credit facility with U.S. Bank National Association (“U.S. Bank”) to add $ 40 20.0 27.3 47.3 40 115 4.0:1.0 At June 30, 2017, the Company’s leverage ratio was 8.8 (0.2) ⋅ a $ 25.0 ⋅ a $ 47.3 5 675,000 1.0 ⋅ a $ 115.0 2 1.5 99.6 108.5 ⋅ an accordion feature allowing the revolving credit line and/or delayed draw commitment under the Credit Agreement to be increased by up to $ 50.0 Under the terms of the Credit Agreement, as amended, amounts outstanding will bear interest at a variable rate of LIBOR plus a specified margin, or the base rate plus a specified margin, at the Company’s option. The specified margin is based on the Company’s quarterly Leverage Ratio, as defined in the Credit Agreement, as amended. The following table outlines the specified margins and the commitment fees payable under the Credit Agreement: LIBOR Base Commitment Leverage Ratio Margin Margin Fee Less than 1.00 1.25 % 0.00 % 0.15 % Greater than or equal to 1.00 but less than 2.00 1.50 % 0.00 % 0.20 % Greater than or equal to 2.00 but less than 3.00 1.75 % 0.00 % 0.25 % Greater than or equal to 3.00 but less than 3.50 2.25 % 0.00 % 0.30 % Greater than or equal to 3.50 but less than 4.00 2.50 % 0.25 % 0.35 % Greater than or equal to 4.00 but less than 4.50 3.00 % 0.75 % 0.40 % Greater than or equal to 4.50 but less than 5.00 3.50 % 1.25 % 0.45 % Greater than or equal to 5.00 4.00 % 1.75 % 0.50 % Additionally, in connection with the NMTC transaction, the Company entered into an $ 11.1 4.4 255,000 As of June 30, 2017, the Company’s weighted-average interest rate was 5.07 June 30, December 31, 2017 2016 (In thousands) Revolving line of credit, maturing on June 25, 2020 $ 12,741 $ 16,447 Delayed draw term loan, maturing on June 25, 2020 103,973 72,342 Term loan, maturing on June 25, 2020, due in quarterly installments of $675,000 for the first year and $1,000,000 thereafter, excluding interest paid separately 40,600 42,600 Term loan, maturing on December 29, 2022, due in quarterly installments of $255,006, including interest 10,301 10,577 Capital lease obligations 33 - Less: unamortized debt issuance costs (2,246) (1,249) 165,402 140,717 Less current portion 165,369 6,728 $ 33 $ 133,989 Unamortized debt issuance costs consist of: June 30, December 31, 2017 2016 (In thousands) Revolving line of credit $ 549 $ 229 Delayed draw term loan, maturing on June 25, 2020 785 283 Term loan, maturing on June 25, 2020 348 146 Term loan, maturing on December 29, 2022 564 591 $ 2,246 $ 1,249 The amount available under the revolving credit line may be reduced in the event that the Company's borrowing base, which is based upon qualified receivables and qualified inventory, is less than $ 25.0 20.5 10.6 9.9 7.8 Obligations under the Credit Agreement and the NMTC loan are secured by substantially all of the Company's assets. The Credit Agreement contains representations and warranties, and affirmative and negative covenants customary for financings of this type, including, but not limited to, limitations on additional borrowings, additional investments and asset sales. The financial covenants, which are tested as of the end of each fiscal quarter, require the Company to maintain the following specific ratios: fixed charge coverage – waived on June 30, 2017, minimum of 1.05 to 1.0 on September 30, 2017, and minimum of 1.2 5.5 4.5 3.5

Note 8 - Income Taxes

Note 8 - Income Taxes	6 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Note 8 — Income Taxes As of June 30, 2017, our annual estimated effective income tax rate was 21.1 34.1

Note 9 - Earnings per Share

Note 9 - Earnings per Share	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Note 9 — Earnings per Share The computation of basic and diluted net income per common share for the three and six-month periods ended June 30, 2017 and 2016 is as follows: Six Months Ended June 30, 2017 2016 2017 2016 (In thousands, except share and per share data) Net income (loss) $ (2,047) $ 2,568 $ (2,907) $ 7,977 Weighted average shares outstanding 10,367,315 10,278,355 10,334,494 10,275,255 Effect of stock options* - 96,496 - 67,598 Weighted average shares outstanding - assuming dilution 10,367,315 10,374,851 10,334,494 10,342,853 Net income (loss) per common share: Basic $ (0.20) $ 0.25 $ (0.28) $ 0.78 Diluted $ (0.20) $ 0.25 $ (0.28) $ 0.77 Stock options not considered above because they were anti-dilutive* 864,800 - 864,800 535,000 *For the three months and six months ended June 30, 2017, potentially dilutive shares from options were excluded from the diluted earnings per share calculations due to the antidilutive effect such shares would have on net loss per common share.

Note 10 - Stock Incentives

Note 10 - Stock Incentives	6 Months Ended
	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 10 — Stock Incentives In March 2016, the Financial Accounting Standards Board ("FASB") issued ASU No. 2016-09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting (“ASU 2016-09”), which changes the accounting for certain aspects of share-based payment to employees. ASU 2016-09 became effective for the Company on January 1, 2017. The primary impact of adoption was the recognition of excess tax benefits in the provision for income taxes rather than paid-in capital beginning in the first quarter of 2017. Upon adoption of this standard, excess tax benefits were classified along with other income tax cash flows as an operating activity on the statement of cash flows. The Company elected to adopt this portion of the standard on a prospective basis beginning in 2017; therefore, prior periods have not been adjusted. Under the standard, cash flows related to employee taxes paid for withheld shares are presented as a financing activity on the statement of cash flows on a retrospective basis. ASU 2016-09 provides an accounting policy election to account for forfeitures as they occur, and the Company opted for this election. No other aspects of ASU 2016-09 had an effect on the Company's unaudited consolidated interim financial statements or related footnote disclosures. Adoption of ASU 2016-09 did not have a material impact on the Company’s financial position, results of operations or cash flows. In April 2014, the Orchids Paper Products Company 2014 Stock Incentive Plan (the “2014 Plan”) was approved. The 2014 Plan replaced the Orchids Paper Products Company 2005 Stock Incentive Plan (the “2005 Plan”) and provides for the granting of stock options and other stock based awards to employees and Board members selected by the Board’s Compensation Committee. A total of 400,000 124,200 Stock Options with Time-Based Vesting Conditions The grant date fair value of the following option grants was estimated using the Black-Scholes option valuation model. Option valuation models require the input of highly subjective assumptions including the expected stock price volatility. The following table details the options granted to certain members of the Board of Directors and management that were valued using the Black-Scholes valuation model and the assumptions used in the valuation model for those grants during the six months ended June 30, 2017 and 2016. There were 13,500 9.91 Grant Number Exercise Grant Date Risk-Free Estimated Dividend Expected Date of Shares Price Fair Value Interest Rate Volatility Yield Life (years) May 2017 40,000 $ 19.945 $ 3.40 1.81 % 32 % 5.26 % 5 May 2016 40,000 $ 31.33 $ 7.57 1.74 % 40 % 4.47 % 5 January 2016 5,000 $ 27.77 $ 6.56 2.00 % 40 % 5.04 % 5 The Company expenses the cost of these options granted over the vesting period of the option based on the grant-date fair value of the award. Stock Options with Market-Based Vesting Conditions There were no options with market-based vesting conditions granted during the six months ended June 30, 2017 or 2016. During the six months ended June 30, 2016, 22,500 34.788 900 The Company expenses the cost of these options granted over the implicit, or derived, service period of the option based on the grant-date fair value of the award. Options Issued Outside of the 2014 Plan There were no stock options granted outside of the 2014 Plan during the six months ended June 30, 2017 or 2016. During the six months ended June 30, 2016, 100,000 34.788 Total Option Expense The Company recognized the following expenses related to all options granted under the 2005 Plan, the 2014 Plan and outside of the 2014 Plan: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (In thousands) (In thousands) Time-based vesting options $ 165 $ 330 $ 195 $ 362 Market-based vesting options 3 56 71 169 Total compensation expense related to stock options $ 168 $ 386 $ 266 $ 531 Restricted Stock In February 2013, the Company granted 16,000 21.695 2,333 2,000 4,000

Note 11 - Major Customers and C

Note 11 - Major Customers and Concentration of Credit Risk	6 Months Ended
	Jun. 30, 2017
Risks and Uncertainties [Abstract]
Concentration Risk Disclosure [Text Block]	Note 11 — Major Customers and Concentration of Credit Risk The Company sells its paper products in the form of parent rolls and converted products. Revenues from converted product sales and parent roll sales for the three and six-month periods ended June 30, 2017 and 2016 were: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (In thousands) (In thousands) Converted product net sales $ 34,697 $ 39,339 $ 67,595 $ 84,591 Parent roll net sales 3,746 75 6,202 2,566 Total net sales $ 38,443 $ 39,414 $ 73,797 $ 87,157 Credit risk for the Company in the three and six-month periods ended June 30, 2017 and 2016 was concentrated in the following customers who each comprised more than 10% of the Company’s total net sales: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Converted product customer 1 26 % 33 % 31 % 36 % Converted product customer 2 * * * 11 Converted product customer 3 15 17 15 14 Converted product customer 4 16 * 12 * Total percent of net sales 57 % 50 % 58 % 61 % No additional customers accounted for more than 10% of sales during the three and six-month periods ended June 30, 2017 and 2016. At June 30, 2017 and December 31, 2016, the significant customers accounted for the following amounts of the Company’s accounts receivable (in thousands): June 30, December 31, 2017 2016 Converted product customer 1 $ 3,370 24 % $ 3,703 41 % Converted product customer 2 * * * * Converted product customer 3 * * * * Converted product customer 4 3,367 24 * * Total of accounts receivable $ 6,737 48 % $ 3,703 41 % *Customer did not account for more than 10% of accounts receivable during the period indicated At June 30, 2017 and December 31, 2016, no additional customers accounted for more than 10% of the Company’s accounts receivable.

Note 12 - _At the Market_ Stock

Note 12 - “At the Market” Stock Offering Program	6 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Shareholders' Equity and Share-based Payments [Text Block]	Note 12 — “At the Market” Stock Offering Program In May 2017, the Company established an "at the market" stock offering program ("ATM Program") through which it may, from time to time, issue and sell shares of its common stock having an aggregate gross sales price of up to $ 40.0 The Company intends to use the net proceeds from sales under the ATM Program for general corporate purposes, which may include, . During the quarter ended June 30, 2017, 118,700 16.90 1.8 0.2 38.0

Note 13 - New Market Tax Credit

Note 13 - New Market Tax Credit	6 Months Ended
	Jun. 30, 2017
New Market Tax Credit Disclosure [Abstract]
New Market Tax Credit Disclosure [Text Block]	Note 13 — New Market Tax Credit In December 2015, the Company received approximately $ 5.1 11.1 25 1.0 11.1 5.1 16.2 1.275 18.0 5.1 The NMTC Investor is subject to 100 At June 30, 2017 and December 31, 2016, the NMTC Investor’s interest of $ 5.2 5.2 9.7 10.0 0.6 0.6 1.2 1.3

Note 14 - ODFA Pooled Financing

Note 14 - ODFA Pooled Financing	6 Months Ended
	Jun. 30, 2017
Financing Agreements with State Authorities Disclosure [Abstract]
Financing Agreements with State Authorities Disclosure [Text Block]	Note 14 – ODFA Pooled Financing In September 2014, the Company entered into an agreement with the Oklahoma Development Finance Authority (“ODFA”) whereby the ODFA agreed to provide the Company up to $ 3.5 3.5 As of June 30, 2017 and December 31, 2016, the Company had a note receivable of $ 831,000 536,000 295,000 347,000

Note 15 - New and Recently Adop

Note 15 - New and Recently Adopted Accounting Pronouncements	6 Months Ended
	Jun. 30, 2017
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Note 15 — New and Recently Adopted Accounting Pronouncements In March 2016, the FASB issued ASU No. 2016-09, Compensation – Stock Compensation (Topic 718): -Based Payment Accounting In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory In January 2017, the FASB issued ASU No. 2017-04 , Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment . In January 2017, the FASB issued ASU No. 2017-01 , Business Combinations (Topic 805): Clarifying the Definition of a Business . In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230): In October 2016, the FASB issued ASU No. 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory . In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606)

Note 2 - Related Party Transa21

Note 2 - Related Party Transactions and Fabrica (Tables)	6 Months Ended
	Jun. 30, 2017
Related Party Transactions [Abstract]
Schedule of Related Party Transactions [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (In thousands) (In thousands) Products purchased under the Supply Agreement $ 7,845 $ 9,440 $ 14,228 $ 18,444 Amounts billed to Fabrica under the Equipment Lease Agreement $ 529 $ 203 $ 993 $ 724 Parent rolls purchased by Fabrica $ 919 $ - $ 1,834 $ 867

Note 4 - Commitments and Cont22

Note 4 - Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Long-term Purchase Commitment [Table Text Block]	Period MMBTUs Price per July 2017 - September 2017 118,550 $ 4.06 October 2017 - December 2017 117,055 $ 4.06

Note 5 - Inventories (Tables)

Note 5 - Inventories (Tables)	6 Months Ended
	Jun. 30, 2017
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	June 30, December 31, 2017 2016 (In thousands) Raw materials $ 5,860 $ 4,855 Bulk paper rolls 3,529 3,765 Converted finished goods 11,855 9,859 Inventory valuation reserve (308) (65) $ 20,936 $ 18,414

Note 6 - Property, Plant and 24

Note 6 - Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	June 30, December 31, 2017 2016 (In thousands) Land $ 1,316 $ 1,316 Buildings and improvements 37,356 37,356 Machinery and equipment 187,343 186,863 Vehicles 1,830 1,830 Nondepreciable machinery and equipment (parts and spares) 12,103 11,976 Construction-in-process 122,814 81,101 $ 362,762 $ 320,442

Note 7 - Long-Term Debt and R25

Note 7 - Long-Term Debt and Revolving Line of Credit (Tables)	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Schedule of Interest Margin and Commitment Fee Payable [Table Text Block]	LIBOR Base Commitment Leverage Ratio Margin Margin Fee Less than 1.00 1.25 % 0.00 % 0.15 % Greater than or equal to 1.00 but less than 2.00 1.50 % 0.00 % 0.20 % Greater than or equal to 2.00 but less than 3.00 1.75 % 0.00 % 0.25 % Greater than or equal to 3.00 but less than 3.50 2.25 % 0.00 % 0.30 % Greater than or equal to 3.50 but less than 4.00 2.50 % 0.25 % 0.35 % Greater than or equal to 4.00 but less than 4.50 3.00 % 0.75 % 0.40 % Greater than or equal to 4.50 but less than 5.00 3.50 % 1.25 % 0.45 % Greater than or equal to 5.00 4.00 % 1.75 % 0.50 %
Schedule of Long-term Debt Instruments [Table Text Block]	June 30, December 31, 2017 2016 (In thousands) Revolving line of credit, maturing on June 25, 2020 $ 12,741 $ 16,447 Delayed draw term loan, maturing on June 25, 2020 103,973 72,342 Term loan, maturing on June 25, 2020, due in quarterly installments of $675,000 for the first year and $1,000,000 thereafter, excluding interest paid separately 40,600 42,600 Term loan, maturing on December 29, 2022, due in quarterly installments of $255,006, including interest 10,301 10,577 Capital lease obligations 33 - Less: unamortized debt issuance costs (2,246) (1,249) 165,402 140,717 Less current portion 165,369 6,728 $ 33 $ 133,989
Schedule Of Unamortized Debt Issuance Costs [Table Text Block]	June 30, December 31, 2017 2016 (In thousands) Revolving line of credit $ 549 $ 229 Delayed draw term loan, maturing on June 25, 2020 785 283 Term loan, maturing on June 25, 2020 348 146 Term loan, maturing on December 29, 2022 564 591 $ 2,246 $ 1,249

Note 9 - Earnings per Share (Ta

Note 9 - Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (In thousands, except share and per share data) Net income (loss) $ (2,047 ) $ 2,568 $ (2,907 ) $ 7,977 Weighted average shares outstanding 10,367,315 10,278,355 10,334,494 10,275,255 Effect of stock options* - 96,496 - 67,598 Weighted average shares outstanding - assuming dilution 10,367,315 10,374,851 10,334,494 10,342,853 Net income (loss) per common share: Basic $ (0.20 ) $ 0.25 $ (0.28 ) $ 0.78 Diluted $ (0.20 ) $ 0.25 $ (0.28 ) $ 0.77 Stock options not considered above because they were anti-dilutive* 864,800 - 864,800 535,000 *For the three months and six months ended June 30, 2017, potentially dilutive shares from options were excluded from the diluted earnings per share calculations due to the antidilutive effect such shares would have on net loss per common share.

Note 10 - Stock Incentives (Tab

Note 10 - Stock Incentives (Tables)	6 Months Ended
	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Time-Based Vesting Options Granted and Valuation Assumptions [Table Text Block]	Grant Number Exercise Grant Date Risk-Free Estimated Dividend Expected Date of Shares Price Fair Value Interest Rate Volatility Yield Life (years) May 2017 40,000 $ 19.945 $ 3.40 1.81 % 32 % 5.26 % 5 May 2016 40,000 $ 31.33 $ 7.57 1.74 % 40 % 4.47 % 5 January 2016 5,000 $ 27.77 $ 6.56 2.00 % 40 % 5.04 % 5
Share-based Compensation Arrangement by Share-based Payment Award, Expenses Related to Options Granted [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (In thousands) (In thousands) Time-based vesting options $ 165 $ 330 $ 195 $ 362 Market-based vesting options 3 56 71 169 Total compensation expense related to stock options $ 168 $ 386 $ 266 $ 531

Note 11 - Major Customers and28

Note 11 - Major Customers and Concentration of Credit Risk (Tables)	6 Months Ended
	Jun. 30, 2017
Accounts Receivable [Member]
Schedules of Concentration of Risk, by Risk Factor [Table Text Block]	June 30, December 31, 2017 2016 Converted product customer 1 $ 3,370 24 % $ 3,703 41 % Converted product customer 2 * * * * Converted product customer 3 * * * * Converted product customer 4 3,367 24 * * Total of accounts receivable $ 6,737 48 % $ 3,703 41 % *Customer did not account for more than 10% of accounts receivable during the period indicated
Sales Revenue, Goods, Net [Member]
Revenue from External Customers by Products and Services [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (In thousands) (In thousands) Converted product net sales $ 34,697 $ 39,339 $ 67,595 $ 84,591 Parent roll net sales 3,746 75 6,202 2,566 Total net sales $ 38,443 $ 39,414 $ 73,797 $ 87,157
Schedules of Concentration of Risk, by Risk Factor [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Converted product customer 1 26 % 33 % 31 % 36 % Converted product customer 2 * * * 11 Converted product customer 3 15 17 15 14 Converted product customer 4 16 * 12 * Total percent of net sales 57 % 50 % 58 % 61 % *Customer did not account for more than 10% of sales during the period indicated

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details Textual)	Jun. 30, 2017
Number of Wholly Owned Subsidiaries	3

Note 2 - Related Party Transa30

Note 2 - Related Party Transactions and Fabrica (Details Textual) - USD ($)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	May 05, 2014
Goodwill, Period Increase (Decrease)	$ 0	$ 0
Goodwill, Impairment Loss	0
Goodwill	7,560,000		$ 7,560,000
Certain Assets and US Business of Fabrica [Member]
Goodwill	$ 7,600,000	$ 7,600,000
Certain Assets and US Business of Fabrica [Member] | Fabrica [Member]
Business Acquisition, Percentage of Specified Division of Business Acquired				100.00%

Note 2 - Related Party Transa31

Note 2 - Related Party Transactions and Fabrica (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Parent Rolls [Member]
Parent rolls purchased by Fabrica	$ 919	$ 0	$ 1,834	$ 867
Supply Agreement [Member]
Products purchased under the Supply Agreement.	7,845	9,440	14,228	18,444
Equipment Lease Agreement [Member]
Amounts billed to Fabrica under the Equipment Lease Agreement	$ 529	$ 203	$ 993	$ 724

Note 3 - Fair Value Measureme32

Note 3 - Fair Value Measurements (Details Textual) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Fair Value, Inputs, Level 2 [Member]
Long-term Debt, Fair Value	$ 167.6	$ 142

Note 4 - Commitments and Cont33

Note 4 - Commitments and Contingencies (Details Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Inventories [Member]
Long-term Purchase Commitment Purchase, Amount	$ 0.5	$ 0.4	$ 1	$ 0.8
Inventories [Member] | Minimum [Member]
Long-term Purchase Commitment Percentage of Requirement			80.00%
Inventories [Member] | Maximum [Member]
Long-term Purchase Commitment Percentage of Requirement			90.00%
Barnwell South Carolina [Member] | Capital Addition Purchase Commitments [Member] | Manufacturing Facility And Equipment [Member]
Purchase Obligation	$ 0.4		$ 0.4

Note 4 - Commitments and Cont34

Note 4 - Commitments and Contingencies (Details) - Inventories [Member]	6 Months Ended
	Jun. 30, 2017MMBTU$ / MillionsofBTU-MMBTU
From July 2017 Through September 2017 [Member]
MMBTUs | MMBTU	118,550
Price per MMBTU | $ / MillionsofBTU-MMBTU	4.06
From October 2017 Through December 2017 [Member]
MMBTUs | MMBTU	117,055
Price per MMBTU | $ / MillionsofBTU-MMBTU	4.06

Note 5 - Inventories (Details)

Note 5 - Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Raw materials	$ 5,860	$ 4,855
Bulk paper rolls	3,529	3,765
Converted finished goods	11,855	9,859
Inventory valuation reserve	(308)	(65)
Total Inventories	$ 20,936	$ 18,414

Note 6 - Property, Plant and 36

Note 6 - Property, Plant and Equipment (Details Textual) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Jan. 31, 2016	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Proceeds From Economic Incentive	$ 1,900			$ 0	$ 1,900
Interest Costs Capitalized		$ 1,100	$ 700	$ 1,800	$ 900

Note 6 - Property, Plant and 37

Note 6 - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Property, Plant and Equipment, Gross	$ 362,762	$ 320,442
Land [Member]
Property, Plant and Equipment, Gross	1,316	1,316
Building and Building Improvements [Member]
Property, Plant and Equipment, Gross	37,356	37,356
Machinery and Equipment [Member]
Property, Plant and Equipment, Gross	187,343	186,863
Vehicles [Member]
Property, Plant and Equipment, Gross	1,830	1,830
Nondepreciable Machinery and Equipment [Member]
Property, Plant and Equipment, Gross	12,103	11,976
Construction in Progress [Member]
Property, Plant and Equipment, Gross	$ 122,814	$ 81,101

Note 7 - Long-Term Debt and R38

Note 7 - Long-Term Debt and Revolving Line of Credit (Details Textual) - USD ($)	1 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2017	Dec. 31, 2016	Jan. 31, 2017	Dec. 31, 2015	Apr. 30, 2015
Secured Debt	$ 47,300,000	$ 165,402,000	$ 140,717,000
Line of Credit Facility, Accordion Feature	50,000,000
Long-term Debt, Weighted Average Interest Rate		5.07%
Debt Instrument Covenant, Fixed Charge Coverage Ratio		(0.2)
Debt Instrument, Leverage Ratio		8.8
Debt Instrument Minimum Leverage Ratio For Dividend Distribution		4.0:1.0
Line of Credit Facility, Remaining Borrowing Capacity		$ 7,800,000
Minimum [Member]
Delayed Draw Term Loan, Maximum Borrowing Capacity	40,000,000
Minimum [Member] | Debt Instrument Fixed Charge Coverage Ratio for December 31, 2017 and Thereafter [Member]
Debt Instrument Covenant, Fixed Charge Coverage Ratio		1.2
Maximum [Member]
Delayed Draw Term Loan, Maximum Borrowing Capacity	115,000,000
Maximum [Member] | Debt Instrument Leverage Ratio on September 30, 2017 [Member]
Debt Instrument Covenant, Fixed Charge Coverage Ratio		5.5
Maximum [Member] | Debt Instrument Leverage Ratio on December 31, 2017 [Member]
Debt Instrument Covenant, Fixed Charge Coverage Ratio		4.5
Maximum [Member] | Debt Instrument Leverage Ratio On March 31 , 2017 [Member]
Debt Instrument Covenant, Fixed Charge Coverage Ratio		3.5
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	25,000,000	$ 25,000,000
Line of Credit Facility, Current Borrowing Capacity		20,500,000
Revolving Credit Facility [Member] | Eligible Account Receivable [Member]
Line of Credit Facility, Current Borrowing Capacity		10,600,000
Revolving Credit Facility [Member] | Eligible Inventory [Member]
Line of Credit Facility, Current Borrowing Capacity		9,900,000
Revolving Credit Facility due June 2019 [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 20,000,000
Term Loan Due June 25, 2020 [Member]
Debt Instrument, Term	5 years
Debt Instrument, Face Amount	$ 47,300,000
Secured Debt		40,600,000	42,600,000
Term Loan Due June 25, 2020 [Member] | Payment Date First Year [Member]
Debt Instrument, Periodic Payment, Principal	675,000	675,000	675,000
Term Loan Due June 25, 2020 [Member] | Payment Date Thereafter [Member]
Debt Instrument, Periodic Payment, Principal	1,000,000	1,000,000	1,000,000
Delayed Draw Term Loan Due June 2020 [Member]
Delayed Draw Term Loan, Maximum Borrowing Capacity	$ 115,000,000			$ 108,500,000	$ 99,600,000	$ 40,000,000
Debt Instrument, Draw Period	2 years
Debt Instrument, Percent of Outstanding Balance Payable	1.50%
Secured Debt		103,973,000	72,342,000
Term Loan Due June 2020 [Member]
Secured Debt	$ 27,300,000
Term Loan Due December 29, 2022 [Member]
Debt Instrument, Face Amount		11,100,000
Secured Debt		$ 10,301,000	10,577,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate		4.40%
Debt Instrument, Periodic Payment		$ 255,006	$ 255,006

Note 7 - Long-Term Debt and R39

Note 7 - Long-Term Debt and Revolving Line of Credit - Interest Margin and Commitment Fee Payable (Details)	6 Months Ended
	Jun. 30, 2017
Debt Instrument Leverage Ratio Less than 1.00 [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.15%
Debt Instrument Leverage Ratio Greater Than Or Equal To 1 But Less Than 2 [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.20%
Debt Instrument Leverage Ratio Greater Than Or Equal To 2 But Less Than 3 [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.25%
Debt Instrument Leverage Ratio Greater Than Or Equal To 3 But Less Than 3.50 [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.30%
Debt Instrument Leverage Ratio Greater Than Or Equal To 3.50 But Less Than 4 [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.35%
Debt Instrument Leverage Ratio Greater Than Or Equal To 4 But Less Than 4.50 [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.40%
Debt Instrument Leverage Ratio Greater Than Or Equal To 4.50 But Less Than 5 [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.45%
Debt Instrument Leverage Ratio Greater Than Or Equal To 5 [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.50%
London Interbank Offered Rate (LIBOR) [Member] | Debt Instrument Leverage Ratio Less than 1.00 [Member]
Debt Instrument, Basis Spread on Variable Rate	1.25%
London Interbank Offered Rate (LIBOR) [Member] | Debt Instrument Leverage Ratio Greater Than Or Equal To 1 But Less Than 2 [Member]
Debt Instrument, Basis Spread on Variable Rate	1.50%
London Interbank Offered Rate (LIBOR) [Member] | Debt Instrument Leverage Ratio Greater Than Or Equal To 2 But Less Than 3 [Member]
Debt Instrument, Basis Spread on Variable Rate	1.75%
London Interbank Offered Rate (LIBOR) [Member] | Debt Instrument Leverage Ratio Greater Than Or Equal To 3 But Less Than 3.50 [Member]
Debt Instrument, Basis Spread on Variable Rate	2.25%
London Interbank Offered Rate (LIBOR) [Member] | Debt Instrument Leverage Ratio Greater Than Or Equal To 3.50 But Less Than 4 [Member]
Debt Instrument, Basis Spread on Variable Rate	2.50%
London Interbank Offered Rate (LIBOR) [Member] | Debt Instrument Leverage Ratio Greater Than Or Equal To 4 But Less Than 4.50 [Member]
Debt Instrument, Basis Spread on Variable Rate	3.00%
London Interbank Offered Rate (LIBOR) [Member] | Debt Instrument Leverage Ratio Greater Than Or Equal To 4.50 But Less Than 5 [Member]
Debt Instrument, Basis Spread on Variable Rate	3.50%
London Interbank Offered Rate (LIBOR) [Member] | Debt Instrument Leverage Ratio Greater Than Or Equal To 5 [Member]
Debt Instrument, Basis Spread on Variable Rate	4.00%
Base Rate [Member] | Debt Instrument Leverage Ratio Less than 1.00 [Member]
Debt Instrument, Basis Spread on Variable Rate	0.00%
Base Rate [Member] | Debt Instrument Leverage Ratio Greater Than Or Equal To 1 But Less Than 2 [Member]
Debt Instrument, Basis Spread on Variable Rate	0.00%
Base Rate [Member] | Debt Instrument Leverage Ratio Greater Than Or Equal To 2 But Less Than 3 [Member]
Debt Instrument, Basis Spread on Variable Rate	0.00%
Base Rate [Member] | Debt Instrument Leverage Ratio Greater Than Or Equal To 3 But Less Than 3.50 [Member]
Debt Instrument, Basis Spread on Variable Rate	0.00%
Base Rate [Member] | Debt Instrument Leverage Ratio Greater Than Or Equal To 3.50 But Less Than 4 [Member]
Debt Instrument, Basis Spread on Variable Rate	0.25%
Base Rate [Member] | Debt Instrument Leverage Ratio Greater Than Or Equal To 4 But Less Than 4.50 [Member]
Debt Instrument, Basis Spread on Variable Rate	0.75%
Base Rate [Member] | Debt Instrument Leverage Ratio Greater Than Or Equal To 4.50 But Less Than 5 [Member]
Debt Instrument, Basis Spread on Variable Rate	1.25%
Base Rate [Member] | Debt Instrument Leverage Ratio Greater Than Or Equal To 5 [Member]
Debt Instrument, Basis Spread on Variable Rate	1.75%

Note 7 - Long-Term Debt and R40

Note 7 - Long-Term Debt and Revolving Line of Credit - Long-term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016	Jun. 30, 2015
Capital lease obligations	$ 33	$ 0
Less: unamortized debt issuance costs	(2,246)	(1,249)
Secured Debt	165,402	140,717	$ 47,300
Less current portion	165,369	6,728
Total long term debt	33	133,989
Delayed Draw Term Loan Due June 25 2020 [Member]
Less: unamortized debt issuance costs	(785)	(283)
Secured Debt	103,973	72,342
Term Loan Due June 25, 2020 [Member]
Less: unamortized debt issuance costs	(348)	(146)
Secured Debt	40,600	42,600
Term Loan Due December 29, 2022 [Member]
Less: unamortized debt issuance costs	(564)	(591)
Secured Debt	10,301	10,577
Revolving Credit Facility [Member]
Revolving line of credit, maturing on June 25, 2020	12,741	16,447
Less: unamortized debt issuance costs	$ (549)	$ (229)

Note 7 - Long-Term Debt and R41

Note 7 - Long-Term Debt and Revolving Line of Credit - Long-term Debt (Details) (Parentheticals) - USD ($)	1 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2017	Dec. 31, 2016
Term Loan Due June 25, 2020 [Member] | Payment Date First Year [Member]
Debt Instrument, Periodic Payment, Principal	$ 675,000	$ 675,000	$ 675,000
Term Loan Due June 25, 2020 [Member] | Payment Date Thereafter [Member]
Debt Instrument, Periodic Payment, Principal	$ 1,000,000	1,000,000	1,000,000
Term Loan Due December 29, 2022 [Member]
Debt Instrument, Periodic Payment		$ 255,006	$ 255,006

Note 7 - Long-Term Debt and R42

Note 7 - Long-Term Debt and Revolving Line of Credit - Unamortized Debt Issuance Costs (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Debt Issuance Costs, Net	$ 2,246	$ 1,249
Revolving Credit Facility [Member]
Debt Issuance Costs, Net	549	229
Delayed Draw Term Loan Due June 25 2020 [Member]
Debt Issuance Costs, Net	785	283
Term Loan Due June 25, 2020 [Member]
Debt Issuance Costs, Net	348	146
Term Loan Due December 29, 2022 [Member]
Debt Issuance Costs, Net	$ 564	$ 591

Note 8 - Income Taxes (Details

Note 8 - Income Taxes (Details Textual)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
From Current Deferred Tax Assets To Noncurrent Deferred Tax Assets [Member]
Estimated Annual Effective Income Tax Rate	21.10%	34.10%

Note 9 - Earnings per Share Bas

Note 9 - Earnings per Share Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Net income (loss)		$ (2,047)	$ 2,568	$ (2,907)	$ 7,977
Weighted average shares outstanding (in shares)		10,367,315	10,278,355	10,334,494	10,275,255
Effect of stock options (in shares)	[1]	0	96,496	0	67,598
Weighted average shares outstanding - assuming dilution (in shares)		10,367,315	10,374,851	10,334,494	10,342,853
Net income (loss) per common share:
Basic (in dollars per share)		$ (0.2)	$ 0.25	$ (0.28)	$ 0.78
Diluted (in dollars per share)		$ (0.2)	$ 0.25	$ (0.28)	$ 0.77
Stock options not considered above because they were anti-dilutive (in shares)	[1]	864,800	0	864,800	535,000
[1]	For the three months and six months ended June 30, 2017, potentially dilutive shares from options were excluded from the diluted earnings per share calculations due to the antidilutive effect such shares would have on net loss per common share.

Note 10 - Stock Incentives (Det

Note 10 - Stock Incentives (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended			6 Months Ended
	Feb. 29, 2016	Feb. 28, 2015	Feb. 28, 2013	Jun. 30, 2017	Jun. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period				13,500
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price				$ 9.91
Stock Incentive Plan 2014 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized				400,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant				124,200
Employee Stock Option [Member] | Outside Of The 2014 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares					100,000
Share Price					$ 34.788
Stock Option With Marketbased Vesting [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period					900
Stock Option With Marketbased Vesting [Member] | Share-based Compensation Award, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares					22,500
Share Price					$ 34.788
Restricted Stock [Member] | Stock Incentive Plan 2005 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	2,000	2,333	16,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value			$ 21.695
Allocated Share-based Compensation Expense					$ 4,000

Note 10 - Temporal Details of T

Note 10 - Temporal Details of Time-based Vesting Conditions (Details) - Board Of Directors And Management [Member] - Stock Options With Time Based Vesting Conditions [Member] - $ / shares	1 Months Ended
	May 31, 2017	May 31, 2016	Jan. 31, 2016
Number of Shares	40,000	40,000	5,000
ExercisePrice	$ 19.945	$ 31.33	$ 27.77
Grant Date Fair Value (in dollars per share)	$ 3.40	$ 7.57	$ 6.56
Risk-Free Interest Rate	1.81%	1.74%	2.00%
Estimated Volatility	32.00%	40.00%	40.00%
Dividend Yield	5.26%	4.47%	5.04%
Expected Life	5 years	5 years	5 years

Note 10 - Temporal Details of E

Note 10 - Temporal Details of Expenses Related to All Options Granted (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Stock Options With Time Based Vesting Conditions [Member]
Allocated Share-based Compensation Expense	$ 165	$ 330	$ 195	$ 362
Stock Options With Market Based Vesting Conditions [Member]
Allocated Share-based Compensation Expense	3	56	71	169
Total Stock Option Expense [Member]
Allocated Share-based Compensation Expense	$ 168	$ 386	$ 266	$ 531

Note 11 - Revenue from Parent R

Note 11 - Revenue from Parent Rolls and Converted Products (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Sales Revenue, Goods, Net	$ 38,443	$ 39,414	$ 73,797	$ 87,157
Converted Product [Member]
Sales Revenue, Goods, Net	34,697	39,339	67,595	84,591
Parent Rolls [Member]
Sales Revenue, Goods, Net	$ 3,746	$ 75	$ 6,202	$ 2,566

Note 11 - Revenue from Signific

Note 11 - Revenue from Significant Customers (Details) - Sales Revenue, Goods, Net [Member] - Customer Concentration Risk [Member]	3 Months Ended				6 Months Ended
	Jun. 30, 2017		Jun. 30, 2016		Jun. 30, 2017		Jun. 30, 2016
Concentration Risk, Percentage	57.00%		50.00%		58.00%		61.00%
Converted Product Customer 1 [Member]
Concentration Risk, Percentage	26.00%		33.00%		31.00%		36.00%
Converted Product Customer 2 [Member]
Concentration Risk, Percentage	0.00%	[1]	0.00%	[1]	0.00%	[1]	11.00%
Converted Product Customer 3 [Member]
Concentration Risk, Percentage	15.00%		17.00%		15.00%		14.00%
Converted Product Customer 4 [Member]
Concentration Risk, Percentage	16.00%		0.00%	[1]	12.00%		0.00%	[1]
[1]	Customer did not account for more than 10% of sales during the period indicated

Note 11 - Accounts Receivable f

Note 11 - Accounts Receivable for Significant Customers (Details) - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
		Jun. 30, 2017	Dec. 31, 2016
Accounts Receivable, Net, Current		$ 13,394	$ 8,954
Accounts Receivable [Member] | Credit Concentration Risk [Member]
Accounts Receivable, Net, Current		$ 6,737	$ 3,703
Concentration Risk, Percentage		48.00%	41.00%
Accounts Receivable [Member] | Credit Concentration Risk [Member] | Converted Product Customer 1 [Member]
Accounts Receivable, Net, Current		$ 3,370	$ 3,703
Concentration Risk, Percentage		24.00%	41.00%
Accounts Receivable [Member] | Credit Concentration Risk [Member] | Converted Product Customer 2 [Member]
Accounts Receivable, Net, Current	[1]	$ 0	$ 0
Concentration Risk, Percentage	[1]	0.00%	0.00%
Accounts Receivable [Member] | Credit Concentration Risk [Member] | Converted Product Customer 3 [Member]
Accounts Receivable, Net, Current	[1]	$ 0	$ 0
Concentration Risk, Percentage	[1]	0.00%	0.00%
Accounts Receivable [Member] | Credit Concentration Risk [Member] | Converted Product Customer 4 [Member]
Accounts Receivable, Net, Current	[1]	$ 3,367	$ 0
Concentration Risk, Percentage	[1]	24.00%	0.00%
[1]	Customer did not account for more than 10% of accounts receivable during the period indicated

Note 12 - _At the Market_ Sto51

Note 12 - “At the Market” Stock Offering Program (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2017	Jun. 30, 2016	May 31, 2017
Proceeds from Issuance of Common Stock		$ (35)	$ 0
At-The-Market Offering [Member]
Stock Issued During Period, Shares, New Issues	118,700
Proceeds from Issuance of Common Stock	$ 1,800
Common Stock, Value, Subscriptions				$ 40,000
Sale of Stock, Price Per Share	$ 16.90	$ 16.90
Sales Commissions and Fees	$ 200
At The Market Equity Offering Remaining Authorized Amount Value		$ 38,000

Note 13 - New Market Tax Cred52

Note 13 - New Market Tax Credit (Details Textual) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended	12 Months Ended
	Dec. 31, 2015	Jun. 30, 2017	Dec. 31, 2016	Jun. 30, 2015
Property, Plant and Equipment, Net		$ 285,063	$ 249,184
Restricted Cash and Cash Equivalents, Noncurrent		1,206	1,276
Secured Debt		165,402	140,717	$ 47,300
Debt Related Commitment Fees and Debt Issuance Costs		600	600
Orchids Lessor SC, LLC [Member] | Restricted Cash [Member]
Restricted Cash and Cash Equivalents, Noncurrent		1,200	1,300
Orchids Lessor SC, LLC [Member] | Maximum [Member] | Principal Forgiveness [Member] | Pro Forma [Member]
Nonoperating Gains (Losses)	$ 5,100
Investment Fund [Member]
Notes Receivable, Related Parties, Noncurrent	$ 11,100
Term of Related Party Notes Receivable	25 years
Related Party Transaction, Rate	1.00%
NMTC Investor [Member]
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities	$ 5,100
Tax Credit Recapture Period	7 years
New Market Tax Credits, Recapture, Percentage	100.00%
NMTC Investor [Member] | Other Noncurrent Liabilities [Member]
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities	$ 5,100	5,200	5,200
Community Development Entities [Member] | Orchids Lessor SC, LLC [Member]
Related Party Transaction, Rate	1.275%
Notes Payable, Related Parties, Noncurrent	$ 16,200
U.S. Bank [Member] | Long-term Liabilities, Excluding Current Portion [Member]
Secured Debt	11,100	$ 9,700	$ 10,000
Barnwell, South Carolina Facility [Member] | Orchids Lessor SC, LLC [Member]
Property, Plant and Equipment, Net	$ 18,000

Note 14 - ODFA Pooled Financi53

Note 14 - ODFA Pooled Financing (Details Textual) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Sep. 30, 2014	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Other Non-Operating Income (Expense)		$ 115,000	$ 164,000	$ 282,000	$ 365,000
Oklahoma Development Finance Authority [Member]
Note Receivable Financing Agreement, Maximum Borrowing Capacity	$ 3,500,000
State Withholding Taxes Returned	$ 3,500,000
Financing Receivable, Gross		831,000		831,000		$ 536,000
Other Non-Operating Income (Expense)		$ 150,000	$ 150,000	$ 295,000	$ 347,000