Orchids Paper Products 10-Q 9 Nov 17 2017 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Oct. 31, 2017
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Entity Registrant Name	Orchids Paper Products CO /DE
Entity Central Index Key	1,324,189
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Trading Symbol	TIS
Entity Common Stock, Shares Outstanding		10,429,091

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Current assets:
Cash	$ 2,079	$ 8,750
Accounts receivable, net of allowance of $30 and $30, respectively	15,753	8,954
Receivables from related party	1,259	491
Inventories, net	20,884	18,414
Income taxes receivable	3,385	8,735
Prepaid expenses	1,222	925
Other current assets	204	868
Total current assets	44,786	47,137
Property, plant and equipment (including from consolidated VIE $17,415 and $16,237, respectively)	369,047	320,442
Accumulated depreciation	(80,816)	(71,258)
Net property, plant and equipment	288,231	249,184
Restricted cash (from consolidated VIE)	9	1,276
VAT receivable	227	212
Intangible assets, net of accumulated amortization of $4,178 and $3,479, respectively	13,812	14,511
Goodwill	7,560	7,560
Total assets	354,625	319,880
Current liabilities:
Overdrafts	563	0
Accounts payable	17,570	7,739
Accounts payable to related party	4,006	3,130
Accrued liabilities	3,147	2,545
Short-term notes payable	668	0
Current portion of long-term debt (Note 7)	169,392	6,728
Total current liabilities	195,346	20,142
Long-term debt including capital leases, less current portion (Note 7)	33	133,989
Other long-term liabilities (from consolidated VIE)	5,222	5,170
Deferred income taxes	24,364	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	101,109	98,885
Retained earnings	28,541	34,350
Total stockholders' equity	129,660	133,245
Total liabilities and stockholders' equity	$ 354,625	$ 319,880

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Allowance for doubtful accounts	$ 30	$ 30
Accumulated amortization, intangible assets	4,178	3,479
Property, Plant and Equipment, Gross	$ 369,047	$ 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	$ 17,415	$ 16,237

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Net sales	$ 45,172	$ 39,628	$ 118,969	$ 126,785
Cost of sales	42,432	33,413	112,746	102,316
Gross profit	2,740	6,215	6,223	24,469
Selling, general and administrative expenses	3,026	2,557	8,934	7,783
Intangibles amortization	233	233	699	986
Operating (loss) income	(519)	3,425	(3,410)	15,700
Interest expense	827	639	1,904	1,187
Other income, net	(42)	(162)	(324)	(527)
(Loss) income before income taxes	(1,304)	2,948	(4,990)	15,040
Provision for (benefit from) income taxes:
Current	(7,806)	(3,670)	(19,003)	(1,772)
Deferred	5,797	4,405	16,215	6,622
Total provision for (benefit from) income taxes	(2,009)	735	(2,788)	4,850
Net (loss) income	$ 705	$ 2,213	$ (2,202)	$ 10,190
Net (loss) income per common share:
Basic	$ 0.07	$ 0.21	$ (0.21)	$ 0.99
Diluted	$ 0.07	$ 0.21	$ (0.21)	$ 0.98
Weighted average common shares used in calculating net income (loss) per common share:
Basic	10,429,091	10,296,891	10,366,373	10,282,841
Diluted	10,429,091	10,367,660	10,366,373	10,351,415
Cash dividends declared per share	$ 0	$ 0.35	$ 0.35	$ 1.05

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash Flows From Operating Activities
Net (loss) income	$ (2,202)	$ 10,190
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	10,650	9,865
Deferred income taxes	(2,970)	6,624
Stock compensation expense	365	604
Loss (gain) on disposal of property, plant and equipment	52	(18)
Changes in cash due to changes in operating assets and liabilities:
Accounts receivable, including amounts due to related party	(7,567)	(1,541)
Inventories	(2,470)	(6,948)
Income taxes receivable	5,350	2,628
Prepaid expenses	(297)	(2,753)
Other assets	649	1,490
Accounts payable, including amounts due to related party	6,136	1,843
Accrued liabilities	600	(1,725)
Net cash provided by operating activities	8,296	20,259
Cash Flows From Investing Activities
Purchases of property, plant and equipment	(44,104)	(74,115)
Proceeds from insurance settlement related to capital investment	51	0
Proceeds from sale of property, plant and equipment	0	21
Decrease in restricted cash	1,267	10,670
Net cash used in investing activities	(42,786)	(63,424)
Cash Flows From Financing Activities
Proceeds from economic incentive	0	1,900
Principal payments on long-term debt	(3,415)	(2,745)
Net borrowings on revolving credit line	32,939	58,627
Borrowings on short-term notes	857	0
Payments on short-term notes	(189)	0
Net proceeds from follow-on stock offering	(35)	0
Net proceeds from at-the-market stock offering	1,760	0
Overdrafts	563	0
Dividends paid to stockholders	(3,607)	(10,797)
Proceeds from the exercise of stock options	134	314
Excess tax benefit of stock options exercised	0	171
Deferred debt issuance costs	(1,188)	(105)
Net cash provided by financing activities	27,819	47,365
Net increase (decrease) in cash	(6,671)	4,200
Cash, beginning	8,750	4,361
Cash, ending	2,079	8,561
Supplemental Disclosure:
Interest paid	5,072	1,971
Income taxes refunded, net	(5,354)	6
Tax benefits realized from stock options exercised	59	211
Capital expenditures invoiced but not yet paid	$ 4,839	$ 1,464

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	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	9 Months Ended
	Sep. 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 nine-month periods ended September 30: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (In thousands) (In thousands) Products purchased under the Supply Agreement $ 7,308 $ 8,003 $ 21,536 $ 26,447 Amounts billed to Fabrica under the Equipment Lease Agreement $ 545 $ 518 $ 1,538 $ 1,242 Parent rolls purchased by Fabrica $ 1,282 $ - $ 3,116 $ 867 Goodwill There were no changes to the $ 7.6

Note 3 - Fair Value Measurement

Note 3 - Fair Value Measurements	9 Months Ended
	Sep. 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 debt is estimated by management to approximate the carrying value (before deducting unamortized debt issuance costs) of $ 171.5 142.0

Note 4 - Commitments and Contin

Note 4 - Commitments and Contingencies	9 Months Ended
	Sep. 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 90 117,055 4.06 0.5 0.4 1.4 1.2 In 2015 the Company began construction on an integrated paper converting facility in Barnwell, South Carolina. As of September 30, 2017, obligations under open purchase orders for this project totaled $ 0.4

Note 5 - Inventories

Note 5 - Inventories	9 Months Ended
	Sep. 30, 2017
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	Note 5 — Inventories Inventories at September 30, 2017 and December 31, 2016 were as follows: September 30, December 31, 2017 2016 (In thousands) Raw materials $ 7,018 $ 4,855 Bulk paper rolls 4,133 3,765 Converted finished goods 9,873 9,859 Inventory valuation reserve (140) (65) $ 20,884 $ 18,414

Note 6 - Property, Plant and Eq

Note 6 - Property, Plant and Equipment	9 Months Ended
	Sep. 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 September 30, 2017 and December 31, 2016 was: September 30, December 31, 2017 2016 (In thousands) Land $ 1,316 $ 1,316 Buildings and improvements 38,241 37,356 Machinery and equipment 190,949 186,863 Vehicles 1,830 1,830 Nondepreciable machinery and equipment (parts and spares) 12,397 11,976 Construction-in-process 124,314 81,101 $ 369,047 $ 320,442 In January 2016, the Company received $ 1.9 Interest expense for three months ended September 30, 2017 and 2016, excludes $ 1.6 0.3 3.5 1.2

Note 7 - Long-Term Debt and Rev

Note 7 - Long-Term Debt and Revolving Line of Credit	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	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 50 108.5 4.0:1.0 Agreement) exists or would exist following such payment. The amount and timing of dividend payments otherwise remains subject to the judgment and approval of the Board of Directors. At September 30, 2017, the Company was not in compliance with certain financial covenants under its Credit Agreement and New Market Tax Credit Financing Agreement. The financial covenants under the Credit Agreement, as amended, required the Company to maintain a minimum fixed charge coverage ratio of 1.05 to 1.0 and a maximum leverage ratio of 5.5 1.0 10.9 (1.4) 1.05 1.2 5.5 4.5 3.5 and quarter-ends thereafter, respectively; minimum EBITDA for the most recent three-month period of $ 4.0 4.8 5.0 The Company is seeking t The terms of the Credit Agreement, as amended, consist of the following: · a $ 25.0 · a $ 47.3 5 675,000 · 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 million at any time on or before the expiration date of the Credit Agreement. 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 but less than 6.00 4.00 % 1.75 % 0.50 % Greater than or equal to 6.00 6.00 % 3.75 % 0.55 % Additionally, in connection with the NMTC transaction, the Company entered into an $ 11.1 4.4 255,000 As of September 30, 2017, the Company’s weighted-average interest rate was 5.19 Long-term debt at September 30, 2017 and December 31, 2016 consists of: September 30, December 31, 2017 2016 (In thousands) Revolving line of credit, maturing on June 25, 2020 $ 16,791 $ 16,447 Delayed draw term loan, maturing on June 25, 2020 104,937 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 39,600 42,600 Term loan, maturing on December 29, 2022, due in quarterly installments of $255,006, including interest 10,162 10,577 Capital lease obligations 33 - Less: unamortized debt issuance costs (2,098) (1,249) 169,425 140,717 Less current portion 169,392 6,728 $ 33 $ 133,989 Unamortized debt issuance costs consist of: September 30, December 31, 2017 2016 (In thousands) Revolving line of credit $ 505 $ 229 Delayed draw term loan, maturing on June 25, 2020 722 283 Term loan, maturing on June 25, 2020 320 146 Term loan, maturing on December 29, 2022 551 591 $ 2,098 $ 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 22.4 12.4 10.0 5.6 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 Company has the right to prepay borrowings under the Credit Agreement at any time without penalty.

Note 8 - Income Taxes

Note 8 - Income Taxes	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Note 8 — Income Taxes As of September 30, 2017, our annual estimated effective income tax benefit rate was 55.9 32.25

Note 9 - Earnings per Share

Note 9 - Earnings per Share	9 Months Ended
	Sep. 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 nine-month periods ended September 30, 2017 and 2016 is as follows: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (In thousands, except share and per share data) Net income (loss) $ 705 $ 2,213 $ (2,202) $ 10,190 Weighted average shares outstanding 10,429,091 10,296,891 10,366,373 10,282,841 Effect of stock options* - 70,769 - 68,574 Weighted average shares outstanding - assuming dilution 10,429,091 10,367,660 10,366,373 10,351,415 Net income (loss) per common share: Basic $ 0.07 $ 0.21 $ (0.21) $ 0.99 Diluted $ 0.07 $ 0.21 $ (0.21) $ 0.98 Stock options not considered above because they were anti-dilutive* 939,425 511,250 939,425 516,250 *For the three months and nine months ended September 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	9 Months Ended
	Sep. 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 49,575 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 nine months ended September 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) July 2017 76,500 $ 12.22 $ 2.31 1.94% - 2.08 % 33.7% - 33.9 % 5.12% - 5.15 % 5 yrs to 6 yrs May 2017 40,000 $ 19.945 $ 3.40 1.81 % 32 % 5.26 % 5 September 2016 20,000 $ 28.48 $4.28 - $4.83 1.21% - 1.50 % 29% - 31 % 4.92 % 5 yrs to 7 yrs 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 nine months ended September 30, 2017 or 2016. During the nine months ended September 30, 2016, 22,500 34.788 1,875 20,550 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 nine months ended September 30, 2017 or 2016. During the nine months ended September 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 September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (In thousands) (In thousands) Time-based vesting options $ 103 $ 47 $ 298 $ 409 Market-based vesting options (4) 22 67 191 Total compensation expense related to stock options $ 99 $ 69 $ 365 $ 600 Restricted Stock In February 2013, the Company granted 16,000 21.695 2,000 4,000

Note 11 - Major Customers and C

Note 11 - Major Customers and Concentration of Credit Risk	9 Months Ended
	Sep. 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 nine-month periods ended September 30, 2017 and 2016 were: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (In thousands) (In thousands) Converted product net sales $ 42,007 $ 38,284 $ 109,602 $ 122,867 Parent roll net sales 3,165 1,344 9,367 3,918 Total net sales $ 45,172 $ 39,628 $ 118,969 $ 126,785 Credit risk for the Company in the three and nine-month periods ended September 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 September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Converted product customer 1 28 % 34 % 30 % 35 % Converted product customer 2 15 16 15 14 Converted product customer 3 21 * 15 * Total percent of net sales 64 % 50 % 60 % 49 % *Customer did not account for more than 10% of sales during the period indicated No additional customers accounted for more than 10% of sales during the three and nine-month periods ended September 30, 2017 and 2016. At September 30, 2017 and December 31, 2016, the significant customers accounted for the following amounts of the Company’s accounts receivable (in thousands): September 30, December 31, 2017 2016 Converted product customer 1 $ 3,621 22 % $ 3,703 41 % Converted product customer 2 2,716 16 * * Converted product customer 3 4,174 25 * * Total of accounts receivable $ 10,511 63 % $ 3,703 41 % *Customer did not account for more than 10% of accounts receivable during the period indicated At September 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	9 Months Ended
	Sep. 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 September 30, 2017, no shares of common stock were sold under the ATM Program. During the nine months ended September 30, 2017, 118,700 16.90 1.8 0.2 38.0

Note 13 - New Market Tax Credit

Note 13 - New Market Tax Credit	9 Months Ended
	Sep. 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 September 30, 2017 and December 31, 2016, the NMTC Investor’s interest of $ 5.2 5.2 10.2 10.6 0.6 0.6 1.3

Note 14 - ODFA Pooled Financing

Note 14 - ODFA Pooled Financing	9 Months Ended
	Sep. 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 September 30, 2017 and December 31, 2016, the Company had a note receivable of $ 0.1 0.5 0.1 0.2 0.4 0.5

Note 15 - New and Recently Adop

Note 15 - New and Recently Adopted Accounting Pronouncements	9 Months Ended
	Sep. 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)	9 Months Ended
	Sep. 30, 2017
Related Party Transactions [Abstract]
Schedule of Related Party Transactions [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (In thousands) (In thousands) Products purchased under the Supply Agreement $ 7,308 $ 8,003 $ 21,536 $ 26,447 Amounts billed to Fabrica under the Equipment Lease Agreement $ 545 $ 518 $ 1,538 $ 1,242 Parent rolls purchased by Fabrica $ 1,282 $ - $ 3,116 $ 867

Note 5 - Inventories (Tables)

Note 5 - Inventories (Tables)	9 Months Ended
	Sep. 30, 2017
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	September 30, December 31, 2017 2016 (In thousands) Raw materials $ 7,018 $ 4,855 Bulk paper rolls 4,133 3,765 Converted finished goods 9,873 9,859 Inventory valuation reserve (140) (65) $ 20,884 $ 18,414

Note 6 - Property, Plant and 23

Note 6 - Property, Plant and Equipment (Tables)	9 Months Ended
	Sep. 30, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	September 30, December 31, 2017 2016 (In thousands) Land $ 1,316 $ 1,316 Buildings and improvements 38,241 37,356 Machinery and equipment 190,949 186,863 Vehicles 1,830 1,830 Nondepreciable machinery and equipment (parts and spares) 12,397 11,976 Construction-in-process 124,314 81,101 $ 369,047 $ 320,442

Note 7 - Long-Term Debt and R24

Note 7 - Long-Term Debt and Revolving Line of Credit (Tables)	9 Months Ended
	Sep. 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 but less than 6.00 4.00 % 1.75 % 0.50 % Greater than or equal to 6.00 6.00 % 3.75 % 0.55 %
Schedule of Long-term Debt Instruments [Table Text Block]	September 30, December 31, 2017 2016 (In thousands) Revolving line of credit, maturing on June 25, 2020 $ 16,791 $ 16,447 Delayed draw term loan, maturing on June 25, 2020 104,937 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 39,600 42,600 Term loan, maturing on December 29, 2022, due in quarterly installments of $255,006, including interest 10,162 10,577 Capital lease obligations 33 - Less: unamortized debt issuance costs (2,098) (1,249) 169,425 140,717 Less current portion 169,392 6,728 $ 33 $ 133,989
Schedule Of Unamortized Debt Issuance Costs [Table Text Block]	September 30, December 31, 2017 2016 (In thousands) Revolving line of credit $ 505 $ 229 Delayed draw term loan, maturing on June 25, 2020 722 283 Term loan, maturing on June 25, 2020 320 146 Term loan, maturing on December 29, 2022 551 591 $ 2,098 $ 1,249

Note 9 - Earnings per Share (Ta

Note 9 - Earnings per Share (Tables)	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (In thousands, except share and per share data) Net income (loss) $ 705 $ 2,213 $ (2,202) $ 10,190 Weighted average shares outstanding 10,429,091 10,296,891 10,366,373 10,282,841 Effect of stock options* - 70,769 - 68,574 Weighted average shares outstanding - assuming dilution 10,429,091 10,367,660 10,366,373 10,351,415 Net income (loss) per common share: Basic $ 0.07 $ 0.21 $ (0.21) $ 0.99 Diluted $ 0.07 $ 0.21 $ (0.21) $ 0.98 Stock options not considered above because they were anti-dilutive* 939,425 511,250 939,425 516,250 *For the three months and nine months ended September 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)	9 Months Ended
	Sep. 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) July 2017 76,500 $ 12.22 $ 2.31 1.94% - 2.08 % 33.7% - 33.9 % 5.12% - 5.15 % 5 yrs to 6 yrs May 2017 40,000 $ 19.945 $ 3.40 1.81 % 32 % 5.26 % 5 September 2016 20,000 $ 28.48 $4.28 - $4.83 1.21% - 1.50 % 29% - 31 % 4.92 % 5 yrs to 7 yrs 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 September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (In thousands) (In thousands) Time-based vesting options $ 103 $ 47 $ 298 $ 409 Market-based vesting options (4) 22 67 191 Total compensation expense related to stock options $ 99 $ 69 $ 365 $ 600

Note 11 - Major Customers and27

Note 11 - Major Customers and Concentration of Credit Risk (Tables)	9 Months Ended
	Sep. 30, 2017
Sales Revenue, Goods, Net [Member]
Revenue from External Customers by Products and Services [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (In thousands) (In thousands) Converted product net sales $ 42,007 $ 38,284 $ 109,602 $ 122,867 Parent roll net sales 3,165 1,344 9,367 3,918 Total net sales $ 45,172 $ 39,628 $ 118,969 $ 126,785
Schedules of Concentration of Risk, by Risk Factor [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Converted product customer 1 28 % 34 % 30 % 35 % Converted product customer 2 15 16 15 14 Converted product customer 3 21 * 15 * Total percent of net sales 64 % 50 % 60 % 49 % *Customer did not account for more than 10% of sales during the period indicated
Accounts Receivable [Member]
Schedules of Concentration of Risk, by Risk Factor [Table Text Block]	September 30, December 31, 2017 2016 Converted product customer 1 $ 3,621 22 % $ 3,703 41 % Converted product customer 2 2,716 16 * * Converted product customer 3 4,174 25 * * Total of accounts receivable $ 10,511 63 % $ 3,703 41 % *Customer did not account for more than 10% of accounts receivable during the period indicated

Note 1 - Basis of Presentation

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

Note 2 - Related Party Transa29

Note 2 - Related Party Transactions and Fabrica (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	May 05, 2014
Goodwill	$ 7,560	$ 7,560
Certain Assets and US Business of Fabrica [Member]
Goodwill	$ 7,600
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 Transa30

Note 2 - Related Party Transactions and Fabrica (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Parent Rolls [Member]
Parent rolls purchased by Fabrica	$ 1,282	$ 0	$ 3,116	$ 867
Supply Agreement [Member]
Products purchased under the Supply Agreement.	7,308	8,003	21,536	26,447
Equipment Lease Agreement [Member]
Amounts billed to Fabrica under the Equipment Lease Agreement	$ 545	$ 518	$ 1,538	$ 1,242

Note 3 - Fair Value Measureme31

Note 3 - Fair Value Measurements (Details Textual) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Fair Value, Inputs, Level 2 [Member]
Long-term Debt, Fair Value	$ 171.5	$ 142

Note 4 - Commitments and Cont32

Note 4 - Commitments and Contingencies (Details Textual) $ in Millions	3 Months Ended			9 Months Ended
	Dec. 31, 2017MMBTU$ / MMBTU	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)
Inventories [Member]
Long-term Purchase Commitment Purchase, Amount		$ 0.5	$ 0.4	$ 1.4	$ 1.2
Inventories [Member] | Scenario, Forecast [Member]
Long-term Purchase Commitment, Minimum Energy Volume Required | MMBTU	117,055
Long Term Purchase Commitment Price Per Unit | $ / MMBTU	4.06
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 5 - Inventories (Details)

Note 5 - Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Raw materials	$ 7,018	$ 4,855
Bulk paper rolls	4,133	3,765
Converted finished goods	9,873	9,859
Inventory valuation reserve	(140)	(65)
Total Inventories	$ 20,884	$ 18,414

Note 6 - Property, Plant and 34

Note 6 - Property, Plant and Equipment (Details Textual) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Jan. 31, 2016	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Proceeds From Economic Incentive	$ 1,900			$ 0	$ 1,900
Interest Costs Capitalized		$ 1,600	$ 300	$ 3,500	$ 1,200

Note 6 - Property, Plant and 35

Note 6 - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Property, Plant and Equipment, Gross	$ 369,047	$ 320,442
Land [Member]
Property, Plant and Equipment, Gross	1,316	1,316
Building and Building Improvements [Member]
Property, Plant and Equipment, Gross	38,241	37,356
Machinery and Equipment [Member]
Property, Plant and Equipment, Gross	190,949	186,863
Vehicles [Member]
Property, Plant and Equipment, Gross	1,830	1,830
Nondepreciable Machinery and Equipment [Member]
Property, Plant and Equipment, Gross	12,397	11,976
Construction in Progress [Member]
Property, Plant and Equipment, Gross	$ 124,314	$ 81,101

Note 7 - Long-Term Debt and R36

Note 7 - Long-Term Debt and Revolving Line of Credit (Details Textual)	1 Months Ended			9 Months Ended		12 Months Ended
	Oct. 31, 2017USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2015USD ($)	Sep. 30, 2017USD ($)shares	Sep. 30, 2016shares	Dec. 31, 2016USD ($)	Jan. 31, 2017USD ($)	Dec. 31, 2015USD ($)	Apr. 30, 2015USD ($)
Secured Debt			$ 47,300,000	$ 169,425,000		$ 140,717,000
Line of Credit Facility, Accordion Feature			50,000,000
Long-term Debt, Weighted Average Interest Rate				5.19%
Debt Instrument Covenant, Fixed Charge Coverage Ratio				(1.4)
Debt Instrument, Leverage Ratio				10.9
Debt Instrument Minimum Leverage Ratio For Dividend Distribution				4.0:1.0
Line of Credit Facility, Remaining Borrowing Capacity				$ 5,600,000
Stock Option With Marketbased Vesting [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period | shares				1,875	20,550
Minimum [Member]
Delayed Draw Term Loan, Maximum Borrowing Capacity			40,000,000
Debt Instrument Covenant, Fixed Charge Coverage Ratio				1.05
Debt Instrument, Leverage Ratio				1
Minimum [Member] | Debt Instrument Leverage Ratio on September 30, 2017 [Member]
Debt Instrument Covenant, Fixed Charge Coverage Ratio				1
Minimum [Member] | Debt Instrument Leverage Ratio on December 31, 2017 [Member]
Debt Instrument Covenant, Fixed Charge Coverage Ratio				1
Minimum [Member] | Debt Instrument Leverage Ratio On March 31 , 2018 [Member]
Debt Instrument Covenant, Fixed Charge Coverage Ratio				1
Minimum [Member] | Debt Instrument Fixed Charge Coverage Ratio for December 31, 2017 and Thereafter [Member]
Debt Instrument Covenant, Fixed Charge Coverage Ratio				1.2
Minimum [Member] | Debt Instrument Fixed Charge Coverage Ratio For September 30 2017 [Member]
Debt Instrument Covenant, Fixed Charge Coverage Ratio				1.05
Minimum [Member] | EBITDA for October 31 2017 [Member]
Earnings before Interest Tax Depreciation and Amortization				$ 4,000,000
Minimum [Member] | EBITDA for November 30 2017 [Member]
Earnings before Interest Tax Depreciation and Amortization				4,800,000
Minimum [Member] | EBITDA for December 31 2017 [Member]
Earnings before Interest Tax Depreciation and Amortization				$ 5,000,000
Maximum [Member]
Delayed Draw Term Loan, Maximum Borrowing Capacity			115,000,000
Debt Instrument, Leverage Ratio				5.5
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, 2018 and Thereafter [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				22,400,000
Revolving Credit Facility [Member] | Eligible Account Receivable [Member]
Line of Credit Facility, Current Borrowing Capacity				12,400,000
Revolving Credit Facility [Member] | Eligible Inventory [Member]
Line of Credit Facility, Current Borrowing Capacity				$ 10,000,000
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				39,600,000		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				104,937,000		72,342,000
Delayed Draw Term Loan Due June 2020 [Member] | Subsequent Event [Member]
Proceeds from Lines of Credit	$ 108,500,000
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				$ 10,162,000		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 R37

Note 7 - Long-Term Debt and Revolving Line of Credit - Interest Margin and Commitment Fee Payable (Details)	9 Months Ended
	Sep. 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 But Less Than 6 [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.50%
Debt Instrument Leverage Ratio Greater Than Or Equal To 6 [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.55%
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 But Less Than 6 [Member]
Debt Instrument, Basis Spread on Variable Rate	4.00%
London Interbank Offered Rate (LIBOR) [Member] | Debt Instrument Leverage Ratio Greater Than Or Equal To 6 [Member]
Debt Instrument, Basis Spread on Variable Rate	6.00%
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 But Less Than 6 [Member]
Debt Instrument, Basis Spread on Variable Rate	1.75%
Base Rate [Member] | Debt Instrument Leverage Ratio Greater Than Or Equal To 6 [Member]
Debt Instrument, Basis Spread on Variable Rate	3.75%

Note 7 - Long-Term Debt and R38

Note 7 - Long-Term Debt and Revolving Line of Credit - Long-term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Jun. 30, 2015
Capital lease obligations	$ 33	$ 0
Less: unamortized debt issuance costs	(2,098)	(1,249)
Secured Debt	169,425	140,717	$ 47,300
Less current portion	169,392	6,728
Total long term debt	33	133,989
Delayed Draw Term Loan Due June 25 2020 [Member]
Less: unamortized debt issuance costs	(722)	(283)
Secured Debt	104,937	72,342
Term Loan Due June 25, 2020 [Member]
Less: unamortized debt issuance costs	(320)	(146)
Secured Debt	39,600	42,600
Term Loan Due December 29, 2022 [Member]
Less: unamortized debt issuance costs	(551)	(591)
Secured Debt	10,162	10,577
Revolving Credit Facility [Member]
Revolving line of credit, maturing on June 25, 2020	16,791	16,447
Less: unamortized debt issuance costs	$ (505)	$ (229)

Note 7 - Long-Term Debt and R39

Note 7 - Long-Term Debt and Revolving Line of Credit - Long-term Debt (Details) (Parentheticals) - USD ($)	1 Months Ended	9 Months Ended	12 Months Ended
	Jun. 30, 2017	Sep. 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 R40

Note 7 - Long-Term Debt and Revolving Line of Credit - Unamortized Debt Issuance Costs (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Debt Issuance Costs, Net	$ 2,098	$ 1,249
Revolving Credit Facility [Member]
Debt Issuance Costs, Net	505	229
Delayed Draw Term Loan Due June 25 2020 [Member]
Debt Issuance Costs, Net	722	283
Term Loan Due June 25, 2020 [Member]
Debt Issuance Costs, Net	320	146
Term Loan Due December 29, 2022 [Member]
Debt Issuance Costs, Net	$ 551	$ 591

Note 8 - Income Taxes (Details

Note 8 - Income Taxes (Details Textual)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
From Current Deferred Tax Assets To Noncurrent Deferred Tax Assets [Member]
Estimated Annual Effective Income Tax Rate	55.90%	32.25%

Note 9 - Earnings per Share (De

Note 9 - Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Net income (loss)		$ 705	$ 2,213	$ (2,202)	$ 10,190
Weighted average shares outstanding (in shares)		10,429,091	10,296,891	10,366,373	10,282,841
Effect of stock options (in shares)	[1]	0	70,769	0	68,574
Weighted average shares outstanding - assuming dilution (in shares)		10,429,091	10,367,660	10,366,373	10,351,415
Net income (loss) per common share:
Basic (in dollars per share)		$ 0.07	$ 0.21	$ (0.21)	$ 0.99
Diluted (in dollars per share)		$ 0.07	$ 0.21	$ (0.21)	$ 0.98
Stock options not considered above because they were anti-dilutive (in shares)	[1]	939,425	511,250	939,425	516,250
[1]	For the three months and nine months ended September 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		3 Months Ended		9 Months Ended
	Feb. 29, 2016	Feb. 28, 2013	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Allocated Share-based Compensation Expense			$ 99	$ 69	$ 365	$ 600
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		400,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant			49,575		49,575
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		$ 34.788
Stock Option With Marketbased Vesting [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period					1,875	20,550
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		$ 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	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
	Jul. 31, 2017	May 31, 2017	Sep. 30, 2016	May 31, 2016	Jan. 31, 2016
Number of Shares	76,500	40,000	20,000	40,000	5,000
ExercisePrice	$ 12.22	$ 19.945	$ 28.48	$ 31.33	$ 27.77
Grant Date Fair Value (in dollars per share)	$ 2.31	$ 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%	4.92%	4.47%	5.04%
Expected Life		5 years		5 years	5 years
Maximum [Member]
Grant Date Fair Value (in dollars per share)			$ 4.83
Risk-Free Interest Rate	1.94%		1.50%
Estimated Volatility	33.70%		31.00%
Dividend Yield	5.12%
Expected Life	5 years		7 years
Minimum [Member]
Grant Date Fair Value (in dollars per share)			$ 4.28
Risk-Free Interest Rate	2.08%		1.21%
Estimated Volatility	33.90%		29.00%
Dividend Yield	5.15%
Expected Life	6 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		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Allocated Share-based Compensation Expense	$ 99	$ 69	$ 365	$ 600
Stock Options With Time Based Vesting Conditions [Member]
Allocated Share-based Compensation Expense	103	47	298	409
Stock Options With Market Based Vesting Conditions [Member]
Allocated Share-based Compensation Expense	$ (4)	$ 22	$ 67	$ 191

Note 11 - Revenue from Parent R

Note 11 - Revenue from Parent Rolls and Converted Products (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Sales Revenue, Goods, Net	$ 45,172	$ 39,628	$ 118,969	$ 126,785
Converted Product [Member]
Sales Revenue, Goods, Net	42,007	38,284	109,602	122,867
Parent Rolls [Member]
Sales Revenue, Goods, Net	$ 3,165	$ 1,344	$ 9,367	$ 3,918

Note 11 - Revenue from Signific

Note 11 - Revenue from Significant Customers (Details) - Sales Revenue, Goods, Net [Member] - Customer Concentration Risk [Member]	3 Months Ended			9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016		Sep. 30, 2017	Sep. 30, 2016
Concentration Risk, Percentage	64.00%	50.00%		60.00%	49.00%
Converted Product Customer 1 [Member]
Concentration Risk, Percentage	28.00%	34.00%		30.00%	35.00%
Converted Product Customer 2 [Member]
Concentration Risk, Percentage	15.00%	16.00%		15.00%	14.00%
Converted Product Customer 3 [Member]
Concentration Risk, Percentage	21.00%	0.00%	[1]	15.00%	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	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Accounts Receivable, Net, Current	$ 15,753	$ 8,954
Accounts Receivable [Member] | Credit Concentration Risk [Member]
Accounts Receivable, Net, Current	$ 10,511	$ 3,703
Concentration Risk, Percentage	63.00%	41.00%
Accounts Receivable [Member] | Credit Concentration Risk [Member] | Converted Product Customer 1 [Member]
Accounts Receivable, Net, Current	$ 3,621	$ 3,703
Concentration Risk, Percentage	22.00%	41.00%
Accounts Receivable [Member] | Credit Concentration Risk [Member] | Converted Product Customer 2 [Member]
Accounts Receivable, Net, Current	$ 2,716	$ 0	[1]
Concentration Risk, Percentage	16.00%	0.00%	[1]
Accounts Receivable [Member] | Credit Concentration Risk [Member] | Converted Product Customer 3 [Member]
Accounts Receivable, Net, Current	$ 4,174	$ 0	[1]
Concentration Risk, Percentage	25.00%	0.00%	[1]
[1]	Customer did not account for more than 10% of accounts receivable during the period indicated

Note 12 - "At the Market" Sto49

Note 12 - "At the Market" Stock Offering Program (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 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
Sales Commissions and Fees	$ 200
At The Market Equity Offering Remaining Authorized Amount Value	$ 38,000

Note 13 - New Market Tax Cred50

Note 13 - New Market Tax Credit (Details Textual) - USD ($) $ in Thousands	1 Months Ended	9 Months Ended	12 Months Ended
	Dec. 31, 2015	Sep. 30, 2017	Dec. 31, 2016	Jun. 30, 2015
Property, Plant and Equipment, Net		$ 288,231	$ 249,184
Restricted Cash and Cash Equivalents, Noncurrent		9	1,276
Secured Debt		169,425	140,717	$ 47,300
Amortization of Debt Issuance Costs		600	600
Orchids Lessor SC, LLC [Member] | Restricted Cash [Member]
Restricted Cash and Cash Equivalents, Noncurrent			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
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	$ 10,200	$ 10,600
Barnwell, South Carolina Facility [Member] | Orchids Lessor SC, LLC [Member]
Property, Plant and Equipment, Net	$ 18,000

Note 14 - ODFA Pooled Financi51

Note 14 - ODFA Pooled Financing (Details Textual) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Other Non-Operating Income (Expense)		$ 42	$ 162	$ 324	$ 527
Oklahoma Development Finance Authority [Member]
Note Receivable Financing Agreement, Maximum Borrowing Capacity	$ 3,500
State Withholding Taxes Returned	$ 3,500
Financing Receivable, Gross		100		100		$ 500
Other Non-Operating Income (Expense)		$ 100	$ 200	$ 400	$ 500