Orchids Paper Products 10-Q 8 May 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2015	1-May-15
Document and Entity Information [Abstract]
Entity Registrant Name	Orchids Paper Products CO /DE
Document Type	10-Q
Current Fiscal Year End Date	-19
Entity Common Stock, Shares Outstanding		10,259,225
Amendment Flag	FALSE
Entity Central Index Key	1324189
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

Consolidated_Balance_Sheets_Cu

Consolidated Balance Sheets (Current Period Unaudited) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Current assets:
Cash	$3,274	$1,021
Accounts receivable, net of allowance of $155 in 2015 and 2014	8,106	9,121
Inventories, net	11,191	9,650
Income taxes receivable	634	634
Prepaid expenses	958	1,285
Receivable from related party	737	1,086
VAT receivable	1,664	1,734
Other current assets	1,073	887
Deferred income taxes	611	614
Total current assets	28,248	26,032
Property, plant and equipment	180,494	169,551
Accumulated depreciation	-51,919	-49,831
Net property, plant and equipment	128,575	119,720
Intangible assets, net of accumulated amortization of $1,130 in 2015 and $753 in 2014	16,860	17,237
Goodwill	7,560	7,560
Deferred debt issuance costs, net of accumulated amortization of $30 in 2015 and $20 in 2014	183	190
Total assets	181,426	170,739
Current liabilities:
Bank overdrafts		1,706
Accounts payable	6,749	4,796
Accounts payable to related party	5,468	6,595
Accrued liabilities	4,619	3,747
Current portion of long-term debt	2,700	2,700
Total current liabilities	19,536	19,544
Long-term debt, less current portion	46,060	33,662
Deferred income taxes	16,856	17,020
Stockholders' equity:
Common stock, $.001 par value, 25,000,000 shares authorized, 8,759,225 and 8,757,975 shares issued and outstanding in 2015 and 2014, respectively	9	9
Additional paid-in capital	64,566	64,275
Retained earnings	34,399	36,229
Total stockholders' equity	98,974	100,513
Total liabilities and stockholders' equity	$181,426	$170,739

Consolidated_Balance_Sheets_Cu1

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, except Share data, unless otherwise specified
Allowance	$155	$155
Accumulated amortization	1,130	753
Accumulated amortization	$30	$20
Common stock, par value	$0.00	$0.00
Common Stock, Shares Authorized	25,000,000	25,000,000
Common stock, Shares Issued	8,759,225	8,757,975
Common Stock, Shares Outstanding	8,759,225	8,757,975

Consolidated_Statements_of_Inc

Consolidated Statements of Income (Unaudited) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Net sales	$37,415	$27,759
Cost of sales	32,629	21,741
Gross profit	4,786	6,018
Selling, general and administrative expenses	2,497	2,179
Intangibles amortization	377
Operating income	1,912	3,839
Interest expense	214	13
Other (income) expense, net	-186	1
Income before income taxes	1,884	3,825
Provision for income taxes:
Current	808	1,421
Deferred	-160	-239
	648	1,182
Net income	$1,236	$2,643
Net income per common share:
Basic (in Dollars per share)	$0.14	$0.33
Diluted (in Dollars per share)	$0.14	$0.32
Shares used in calculating net income per common share:
Basic (in Shares)	8,755,116	8,063,322
Diluted (in Shares)	8,823,976	8,153,007
Dividends per share (in Dollars per share)	$0.35	$0.35

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Net income	$1,236	$2,643
Depreciation and amortization	2,476	2,211
Provision for doubtful accounts		1
Deferred income taxes	-160	-239
Stock compensation expense	267	165
Loss on disposal of property, plant and equipment		8
Changes in cash due to changes in operating assets and liabilities:
Accounts receivable	1,015	964
Inventories	-1,541	-1,915
Prepaid expenses	327	112
Other current assets	233	146
Accounts payable	826	-59
Accrued liabilities	872	776
Net cash provided by operating activities	5,551	4,813
Cash Flows From Investing Activities
Purchases of property, plant and equipment	-10,943	-1,778
Purchases of short-term investments		-2
Net cash used in investing activities	-10,943	-1,780
Cash Flows From Financing Activities
Principal payments on long-term debt	-675	-288
Increase (decrease) in bank overdrafts	-1,706
Net borrowings (repayments) on revolving credit line	13,073
Dividends paid to stockholders	-3,066	-2,825
Proceeds from the exercise of stock options	22	79
Excess tax benefit of stock options exercised	1	20
Deferred debt issuance costs	-4
Net cash provided by (used in) financing activities	7,645	-3,014
Net increase in cash	2,253	19
Cash, beginning	1,021	7,205
Cash, ending	3,274	7,224
Supplemental Disclosure:
Interest paid	101	87
Income taxes paid		300
Tax benefits realized from stock options exercised	$4	$16

Note_1_Basis_of_Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block [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”) produces bulk tissue paper, known as parent rolls, and converts 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”).  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 MKT 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, 2014, filed with the SEC on March 9, 2015.  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_Acquisition_of_Fabrica_

Note 2 - Acquisition of Fabrica Assets and U.S. Business	3 Months Ended
	Mar. 31, 2015
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Note 2 — Acquisition of Fabrica Assets and U.S. Business
	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% of the U.S. business of Fabrica.  One June 3, 2014, the Company closed on the transaction set forth in the APA, and in connection therewith, entered into a supply agreement (“Supply Agreement”) and a lease agreement (“Equipment Lease Agreement”) (collectively, the “Fabrica Transaction”).
	Related Party Transactions
	During the three-month period ended March 31, 2015, the Company purchased products totaling approximately $9.4 million under the Supply Agreement with Fabrica and billed Fabrica $685,000 for rental fees earned under the Equipment Lease Agreement. As of March 31, 2015 and December 31, 2014, the Company had outstanding accounts receivable from Fabrica of $737,000 and $1.1 million, respectively. As of March 31, 2015 and December 31, 2014, the Company had outstanding accounts payable to Fabrica of $5.5 million and $6.6 million, respectively.
	Intangibles and Goodwill
	Intangible assets at March 31, 2015 were:
		Life		Gross Carrying		Accumulated		Net Carrying
		(in years)		Amount		Amortization		Value
						(in thousands)
	Intangible Asset - Supply and Equipment Lease Agreement		20	$	12,800	$	480	$	12,320
	Intangible Asset - Licenses/Trademarks		20		1,350		51	$	1,299
	Intangible Asset - Non-Compete Agreement		2		1,150		431	$	719
	Intangible Asset - Customer Relationships		12		2,690		168	$	2,522
				$	17,990	$	1,130	$	16,860
	There were no changes to the $7.6 million goodwill recognized from the Fabrica Transaction during the three-month period ended March 31, 2015. No goodwill impairment has been recorded as of March 31, 2015.

Note_3_Fair_Value_Measurements

Note 3 - Fair Value Measurements	3 Months Ended
	Mar. 31, 2015
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 of $48,760,000 and $36,362,000 at March 31, 2015 and December 31, 2014, respectively.  Management’s estimates are based on periodic comparisons of the characteristics of the Company’s obligations, including floating interest rates, credit rating, maturity and collateral, to current market conditions as stated by an independent third-party financial institution.  Such valuation inputs are considered a Level 2 measurement in the fair value valuation hierarchy.
	As the Company has no assets or liabilities reported at fair value in the financial statements, there were no transfers among Level 1, Level 2 or Level 3 assets or liabilities during the first three months in 2015 or 2014.

Note_4_Commitments_and_Conting

Note 4 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
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.
	In October 2008, the Company entered into a contract to purchase 334,000 MMBTU per year of natural gas.  This contract has been extended through December 2016. In September 2014, the Company entered into a similar contract with a different vendor for natural gas requirements in 2017. Commitments under these contracts are as follows:
				Price per		Management fee per
	Period	MMBTUs		MMBTU		MMBTU
	April 2013 - December 2014		556,886	$	4.905	$	0.07
	October 2013 - March 2014	additional 5,000/month		$	4.75	$	0.07
	April 2014 - December 2014	additional 5,000/month		$	4.7	$	0.07
	January 2015 - March 2015		95,900	$	4.5	$	0.07
	April 2015 - June 2015		93,600	$	4.3	$	0.07
	July 2015 - September 2015		92,300	$	4.35	$	0.07
	October 2015 - December 2015		91,900	$	4.5	$	0.07
	January 2016 - March 2016		95,900	$	4.53	$	0.07
	April 2016 - June 2016		93,600	$	4.17	$	0.07
	July 2016 - September 2016		92,300	$	4.26	$	0.07
	October 2016 - December 2016		91,900	$	4.42	$	0.07
	January 2017 - December 2017		467,505	$	4.06	$	-
	Purchases under the gas contract were $0.4 million and $0.5 million for the three months ended March 31, 2015 and 2014, respectively. If the Company is unable to purchase the contracted amounts and the market price at that time is less than the contracted price, the Company would be obligated under the terms of the agreements to reimburse an amount equal to the difference between the contracted amount and the amount actually purchased, multiplied by the difference between the contract price and a price designated in the contract (approximates spot price).
	In November 2013, we announced two projects to upgrade our paper making and converting assets at our Pryor, Oklahoma facility: a project to replace two existing paper machines with a new paper machine in our paper mill, which was placed into service in March 2015, and a project to upgrade an existing converting line, which is expected to be placed into service in the second quarter of 2015.  These projects have a total estimated cost of $38.9 million.  As part of these projects, we have entered into purchase orders to: (i) purchase a paper machine, (ii) purchase converting equipment and (iii) purchase construction and installation services for the new paper machine.  As of March 31, 2015, our remaining obligations under these purchase orders total $4.9 million.  The purchase order to purchase a paper machine is denominated in Euros.  The amounts included herein were translated to US dollars using the spot exchange rate as of March 31, 2015. Additionally, in April 2015, we announced a project to build a new manufacturing facility in Barnwell, South Carolina (see Note 14), which has a total estimated cost of $110.0 million to $127.0 million. Prior to March 31, 2015, we entered into a purchase order to purchase two converting lines for this facility. As of March 31, 2015, our remaining obligations under this purchase order totaled $7.6 million.

Note_5_Inventories

Note 5 - Inventories	3 Months Ended
	Mar. 31, 2015
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	Note 5 — Inventories
	Inventories at March 31, 2015 and December 31, 2014 were:
		March 31,			December 31,
		2015			2014
		(in thousands)
	Raw materials	$	3,752		$	4,392
	Bulk paper rolls		1,500			861
	Converted finished goods		6,231			4,595
	Inventory valuation reserve		(292	)		(198	)
		$	11,191		$	9,650

Note_6_Property_Plant_and_Equi

Note 6 - Property, Plant and Equipment	3 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	Note 6 — Property, Plant and Equipment
	Property, plant and equipment at March 31, 2015 and December 31, 2014 was:
		March 31,		December 31,
		2015		2014
		(in thousands)
	Land	$	1,119	$	1,119
	Buildings and improvements		23,190		23,190
	Machinery and equipment		107,251		107,251
	Vehicles		1,489		1,489
	Nondepreciable machinery and equipment (parts and spares)		9,325		9,121
	Construction-in-process		38,120		27,381
		$	180,494	$	169,551

Note_7_Longterm_Debt_and_Revol

Note 7 - Long-term Debt and Revolving Line of Credit	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	Note 7 — Long-Term Debt and Revolving Line of Credit
	Long-term debt at March 31, 2015 and December 31, 2014 consists of:
		March 31,		December 31,
		2015		2014
		(in thousands)
	Revolving line of credit, maturing on June 3, 2019	$	20,785	$	7,712
	Term Loan, maturing on June 3, 2020, due in quarterly installments of $675,000 for the first two years and $1,000,000 thereafter, excluding interest paid separately		27,975		28,650
		$	48,760	$	36,362
	Less current portion		2,700		2,700
		$	46,060	$	33,662
	The amount available under the revolving credit line permitted for domestic working capital purposes may be reduced in the event that the Company’s borrowing base, which is based upon qualified receivables, qualified inventory and qualified equipment purchases, is less than a certain amount. When the Credit Agreement was signed in June 2014, our borrowing base was limited to $25 million, with scheduled increases in the borrowing base up to a maximum of $45 million based on scheduled increases in eligible equipment purchases as we incurred capital expenditures toward our project to build a new paper machine in our Oklahoma facility. As of March 31, 2015, the Company’s maximum borrowing base was $45 million, while the Company’s actual borrowing base was $32.1 million, including $6.4 million of eligible accounts receivable, $5.7 of eligible inventory and $20.0 million of eligible equipment purchases.
	As of March 31, 2015, the Company’s interest rate was 1.43%. The Company’s leverage ratio at March 31, 2015 was approximately 1.79.

Note_8_Income_Taxes

Note 8 - Income Taxes	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Note 8 — Income Taxes
	As of March 31, 2015, our annual estimated effective income tax rate is 34.4%. The annual estimated effective tax rate for 2015 differs from the statutory rate due primarily to U.S. manufacturing tax credits and foreign and state income taxes.  For the quarter ended March 31, 2014, the annual estimated effective income tax rate was 31.1%, while the actual effective tax rate was 30.9%.  The annual estimated effective tax rate for 2014 is lower than the statutory rate due primarily to U.S. manufacturing tax credits.

Note_9_Earnings_Per_Share

Note 9 - Earnings Per Share	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Note 9 — Earnings per Share
	During the first quarter of 2013, the Company granted restricted stock to certain employees. These awards include a nonforfeitable right to receive dividends and therefore are considered to participate in undistributed earnings with common shareholders.  Therefore, the Company calculates basic and diluted earnings per common share using the two-class method, under which net earnings are allocated to each class of common stock and participating security.  The computation of basic and diluted net income per common share for the three-month periods ended March 31, 2015 and 2014 is as follows:
		Three Months Ended March 31,
		2015			2014
	Net income - ($ thousands)	$	1,236		$	2,643
	Less: distributed earnings allocable to participating securities		(1	)		(2	)
	Less: undistributed earnings allocable to participating securities		1			-
	Distributed and undistributed earnings allocable to common shareholders	$	1,236		$	2,641
	Weighted average shares outstanding		8,755,116			8,063,322
	Effect of stock options		68,860			89,685
	Weighted average shares outstanding - assuming dilution		8,823,976			8,153,007
	Net income per common share:
	Basic	$	0.14		$	0.33
	Diluted	$	0.14		$	0.32
	Stock options not considered above because they were anti-dilutive		560,000			-

Note_10_Stock_Incentives

Note 10 - Stock Incentives	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 10 — Stock Incentives
	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 shares may be issued pursuant to the 2014 Plan.  As of March 31, 2015, there were 355,000 shares available for issuance under the 2014 Plan.
	Stock Options with Time-Based Vesting Conditions
	There were no options with time-based vesting conditions granted during the three months ended March 31, 2015 and 2014, respectively.
	Stock Options with Market-Based Vesting Conditions
	During the first three months of 2014, the Board of Directors granted options to purchase 140,000 shares of the Company’s common stock to certain members of management.  These options will become exercisable in four equal tranches, if at all, if and when the share price of the common stock closes at a certain percentage of the purchase price of the option for three consecutive business days, in accordance with the following vesting schedule:
		Share price
		required to
		achieve vesting
	Tranche 1	$	34.788
	Tranche 2	$	42.35
	Tranche 3	$	51.425
	Tranche 4	$	60.5
	Any unvested portion of the options shall expire five years from the date of grant and the options shall terminate ten years after the date of grant.  As these options include a market condition, the grant date fair value and implicit service period of these option grants were estimated using a Monte Carlo option valuation model.  The following table details the options granted to certain members of management that were valued using the Monte Carlo valuation model and the assumptions used in the valuation model for those grants during the three months ended March 31, 2014.  No options were granted during the three months ended March 31, 2015 for which the grant date fair value was determined using the Monte Carlo option valuation model.
	Grant	Number		Exercise		Grant Date		Risk-Free			Estimated Volatility			Dividend			Expected		Derived Service Period (years)
	Date	of Shares		Price		Fair Value		Interest Rate						Yield			Life (years)
	January 14 - Tranche 1		10,000	$	31.125	$	5.64		1.98	%		31	%		4.5	%		5.15		0.31
	January 14 - Tranche 2		10,000	$	31.125	$	5.46		1.98	%		31	%		4.5	%		5.58		1.15
	January 14 - Tranche 3		10,000	$	31.125	$	5.03		1.98	%		31	%		4.5	%		5.97		1.94
	January 14 - Tranche 4		10,000	$	31.125	$	4.27		1.98	%		31	%		4.5	%		6.25		2.5
	February 14 - Tranche 1		25,000	$	30.88	$	5.51		1.98	%		31	%		4.6	%		5.17		0.35
	February 14 - Tranche 2		25,000	$	30.88	$	5.35		1.98	%		31	%		4.6	%		5.6		1.19
	February 14 - Tranche 3		25,000	$	30.88	$	4.88		1.98	%		31	%		4.6	%		5.99		1.98
	February 14 - Tranche 4		25,000	$	30.88	$	4.15		1.98	%		31	%		4.6	%		6.27		2.54
	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.
	Total Option Expense
	The Company recognized the following expenses related to all options granted during the three-month periods ended March 31, 2015 and 2014:
		Three Months Ended March 31,
		2015		2014
	Time-Based Vesting Options	$	1,000	$	4,000
	Market-Based Vesting Options		254,000		147,000
	Total compensation expense related to stock options	$	255,000	$	151,000
	Future Expected Market-Based Stock Option Expense
	The grant of options that vest based on a market condition has had and will continue to have a material impact on the Company’s results of operations.  Based on the derived service periods of the options, the Company expects to expense the compensation cost related to these options as shown in the following table.  However, if the market condition is achieved for any tranche of these options prior to the end of the derived service period, all remaining expense related to that tranche would be recognized in the period in which the market condition is achieved.
		2015									2015			2016
		Q1		Q2		Q3		Q4			Total			Total
		(in thousands)
	Tranche 1	$	-	$	-	$	-	$	-		$	-		$	-
	Tranche 2		134		104		1		1			240			-
	Tranche 3		73		72		72		72			289			59
	Tranche 4		47		48		47		47			189			136
	Total expense	$	254	$	224	$	120	$	120		$	718		$	195
	Restricted Stock
	During the three months ended March 31, 2013, the Company granted 16,000 shares of restricted stock to certain employees under the 2005 Plan.  These awards were valued at the arithmetic mean of the high and low market price of the Company’s stock on the grant date, which was $21.695 per share, and vest ratably over a three year period beginning on the first anniversary of the grant date.  The first third of unforfeited shares, or 2,666 shares, vested in February 2014.  The second third of unforfeited shares, or 2,333 shares, vested in February 2015. The Company expenses the cost of restricted stock granted over the vesting period of the shares based on the grant-date fair value of the award.  The Company recognized expense of $13,000 and $14,000 for the three-month periods ended March 31, 2015 and 2014, respectively, related to shares of restricted stock granted.

Note_11_Major_Customers_and_Co

Note 11 - Major Customers and Concentration of Credit Risk	3 Months Ended
	Mar. 31, 2015
Risks and Uncertainties [Abstract]
Concentration Risk Disclosure [Text Block]	Note 11 — Major Customers and Concentration of Credit Risk
	The Company sells its paper production in the form of parent rolls and converted products.  Revenues from converted product sales and parent roll sales in the three months ended March 31, 2015 and 2014 were:
		Three Months Ended March 31,
		2015			2014
		(in thousands)
	Converted product net sales	$	37,415		$	26,154
	Parent roll net sales		-			1,605
	Net sales	$	37,415		$	27,759
	Credit risk for the Company in the three months ended March 31, 2015 and 2014 was concentrated in the following customers who each comprised more than 10% of the Company’s total net sales:
		Three Months Ended March 31,
		2015			2014
	Converted product customer 1		38	%		51	%
	Converted product customer 2		10	%		*
	Converted product customer 3		10	%		11	%
	Converted product customer 4		16	%		10	%
	Total percent of net sales		74	%		72	%
	* Customer did not account for more than 10% of sales during the period indicated
	At March 31, 2015 and December 31, 2014, the four significant customers accounted for the following amounts of the Company’s accounts receivable (in thousands):
		March 31,						December 31,
		2015						2014
	Converted product customer 1	$	2,043			25	%	$	2,634	28	%
	Converted product customer 2		1,820			22	%		1,410	15	%
	Converted product customer 3		763			10	%		*
	Converted product customer 4		688			9	%		813	9	%
	Total of accounts receivable	$	5,314			66	%	$	4,857	52	%
	* Customer did not account for more than 10% of sales during the period indicated

Note_12_ODFA_Pooled_Financing

Note 12 b ODFA Pooled Financing	3 Months Ended
	Mar. 31, 2015
Financing Agreements With State Authorities Disclosure [Abstract]
Financing Agreements With State Authorities Disclosure [Text Block]	Note 12 – ODFA Pooled Financing
	As of March 31, 2015, the Company had a note receivable of $672,000 related to amounts due under the ODFA pooled financing agreement. This amount is included in other current assets in the consolidated balance sheet. The Company recognized $185,000 of other income in the consolidated statement of income for the three-month period ended March 31, 2015 related to this agreement.

Note_13_New_Accounting_Pronoun

Note 13 - New Accounting Pronouncements	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block [Abstract]
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	Note 13 — New Accounting Pronouncements
	In May 2014, the FASB issued Accounting Standards Update 2014-09, “Revenue from Contracts with Customers” (“ASU 2014-09”).  ASU 2014-09 clarifies the principles for recognizing revenue and develops a common revenue standard under U.S. GAAP under which an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.  ASU 2014-09 is effective for the Company for interim and annual periods beginning on or after December 15, 2016.  Management is currently assessing the impact ASU 2014-09 will have on the Company, but it is not expected to have a material effect on the Company’s financial position, results of operations or cash flows.
	In April 2015, the FASB issued Accounting Standards Update 2015-03, “Interest – Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs” (“ASU 2015-03”).  ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts.  ASU 2015-03 is effective for annual and interim periods beginning after December 15, 2015.  This standard is not expected to have a material effect on the Company’s financial position, results of operations or cash flows, as it simply requires a change in presentation and does not affect the recognition and measurement guidance for debt issuance costs.
	In April 2015, the FASB issued Accounting Standards Update 2015-05, “Intangibles – Goodwill and Other – Internal-Use Software – Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement” (“ASU 2015-05”).  ASU 2015-05 provides guidance to customers about whether a cloud computing arrangement includes a software license.  If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses.  If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract.  The guidance does not change the accounting for a customer’s service contracts.  ASU 2015-05 is effective for annual and interim periods beginning after December 15, 2015.  Management is currently assessing the impact ASU 2015-05 will have, if any, on the Company’s financial position, results of operations and cash flows.

Note_14_Subsequent_Events

Note 14 - Subsequent Events	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Note 14 — Subsequent Events
	On April 17, 2015, the Board of Directors authorized a quarterly cash dividend of $0.35 per outstanding share of the Company’s common stock.  The Company expects to pay this dividend on May 18, 2015 to stockholders of record at the close of business on May 4, 2015.
	On April 20, 2015, the Company announced that its Board of Directors has approved plans to build an integrated manufacturing site in Barnwell, South Carolina. The project will include a 35,000 to 40,000 ton per year tissue paper machine, two converting lines capable of producing value through ultra-premium grades of tissue products, a recycle facility, buildings to house the paper machine and converting lines and land, at a total expected cost of approximately $110.0 million to $127.0 million. The Company intends to break ground during the second quarter of 2015, with construction scheduled to be completed in phases through the beginning of 2017. The expansion project is expected to be funded with proceeds from our recent follow-on public offering (described below), additional bank borrowings and cash flow from operations. In April 2015, the Company entered into two purchase orders to purchase converting equipment for the Barnwell facility. Total commitments under these purchase orders total $9.5 million.
	On April 20, 2015, the Company announced the commencement of an underwritten public follow-on offering of 1,500,000 shares of its common stock pursuant to its shelf registration statement on Form S-3 previously filed with and declared effective by the SEC. The underwriters were granted an option to purchase up to an additional 225,000 shares for a period of 30 days. The Company filed a final prospectus supplement with respect to the offering on April 24, 2015, pursuant to which the offering was made to the public at $23.00 per share. The offering closed on April 29, 2015. Net proceeds to the Company were approximately $31.9 million, after giving effect to the underwriting discount and estimated expenses.
	On April 28, 2015, the Company entered into an agreement with US Bank National Association (“US Bank”) which provided the Company interim financing under a delayed draw term loan facility in an initial aggregate amount of up to $40 million. The proceeds of this facility must be used solely to finance the acquisition and construction of buildings and equipment at the Company’s Barnwell, South Carolina facility. The debt facility terminates and becomes payable in full on August 31, 2015. Advances under the facility bear interest at the same variable rates as the Company’s other debt with US Bank and is secured by substantially all of the Company’s property, plant and equipment. The Company expects to refinance this interim loan facility by entering into a new credit facility or amending its existing facility prior to August 31, 2015.

Note_2_Acquisition_of_Fabrica_1

Note 2 - Acquisition of Fabrica Assets and U.S. Business (Tables)	3 Months Ended
	Mar. 31, 2015
Business Combinations [Abstract]
Schedule of Finite-Lived Intangible Assets [Table Text Block]		Life		Gross Carrying		Accumulated		Net Carrying
		(in years)		Amount		Amortization		Value
						(in thousands)
	Intangible Asset - Supply and Equipment Lease Agreement		20	$	12,800	$	480	$	12,320
	Intangible Asset - Licenses/Trademarks		20		1,350		51	$	1,299
	Intangible Asset - Non-Compete Agreement		2		1,150		431	$	719
	Intangible Asset - Customer Relationships		12		2,690		168	$	2,522
				$	17,990	$	1,130	$	16,860

Note_4_Commitments_and_Conting1

Note 4 - Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Long-term Purchase Commitment [Table Text Block]				Price per		Management fee per
	Period	MMBTUs		MMBTU		MMBTU
	April 2013 - December 2014		556,886	$	4.905	$	0.07
	October 2013 - March 2014	additional 5,000/month		$	4.75	$	0.07
	April 2014 - December 2014	additional 5,000/month		$	4.7	$	0.07
	January 2015 - March 2015		95,900	$	4.5	$	0.07
	April 2015 - June 2015		93,600	$	4.3	$	0.07
	July 2015 - September 2015		92,300	$	4.35	$	0.07
	October 2015 - December 2015		91,900	$	4.5	$	0.07
	January 2016 - March 2016		95,900	$	4.53	$	0.07
	April 2016 - June 2016		93,600	$	4.17	$	0.07
	July 2016 - September 2016		92,300	$	4.26	$	0.07
	October 2016 - December 2016		91,900	$	4.42	$	0.07
	January 2017 - December 2017		467,505	$	4.06	$	-

Note_5_Inventories_Tables

Note 5 - Inventories (Tables)	3 Months Ended
	Mar. 31, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]		March 31,			December 31,
		2015			2014
		(in thousands)
	Raw materials	$	3,752		$	4,392
	Bulk paper rolls		1,500			861
	Converted finished goods		6,231			4,595
	Inventory valuation reserve		(292	)		(198	)
		$	11,191		$	9,650

Note_6_Property_Plant_and_Equi1

Note 6 - Property, Plant and Equipment (Tables)	3 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]		March 31,		December 31,
		2015		2014
		(in thousands)
	Land	$	1,119	$	1,119
	Buildings and improvements		23,190		23,190
	Machinery and equipment		107,251		107,251
	Vehicles		1,489		1,489
	Nondepreciable machinery and equipment (parts and spares)		9,325		9,121
	Construction-in-process		38,120		27,381
		$	180,494	$	169,551

Note_7_Longterm_Debt_and_Revol1

Note 7 - Long-term Debt and Revolving Line of Credit (Tables)	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]		March 31,		December 31,
		2015		2014
		(in thousands)
	Revolving line of credit, maturing on June 3, 2019	$	20,785	$	7,712
	Term Loan, maturing on June 3, 2020, due in quarterly installments of $675,000 for the first two years and $1,000,000 thereafter, excluding interest paid separately		27,975		28,650
		$	48,760	$	36,362
	Less current portion		2,700		2,700
		$	46,060	$	33,662

Note_9_Earnings_Per_Share_Tabl

Note 9 - Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]		Three Months Ended March 31,
		2015			2014
	Net income - ($ thousands)	$	1,236		$	2,643
	Less: distributed earnings allocable to participating securities		(1	)		(2	)
	Less: undistributed earnings allocable to participating securities		1			-
	Distributed and undistributed earnings allocable to common shareholders	$	1,236		$	2,641
	Weighted average shares outstanding		8,755,116			8,063,322
	Effect of stock options		68,860			89,685
	Weighted average shares outstanding - assuming dilution		8,823,976			8,153,007
	Net income per common share:
	Basic	$	0.14		$	0.33
	Diluted	$	0.14		$	0.32
	Stock options not considered above because they were anti-dilutive		560,000			-

Note_10_Stock_Incentives_Table

Note 10 - Stock Incentives (Tables)	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Market-Based Vesting Conditions [Table Text Block]		Share price
		required to
		achieve vesting
	Tranche 1	$	34.788
	Tranche 2	$	42.35
	Tranche 3	$	51.425
	Tranche 4	$	60.5
Schedule of Options Granted and Valuation Assumptions [Table Text Block]	Grant	Number		Exercise		Grant Date		Risk-Free			Estimated Volatility			Dividend			Expected		Derived Service Period (years)
	Date	of Shares		Price		Fair Value		Interest Rate						Yield			Life (years)
	January 14 - Tranche 1		10,000	$	31.125	$	5.64		1.98	%		31	%		4.5	%		5.15		0.31
	January 14 - Tranche 2		10,000	$	31.125	$	5.46		1.98	%		31	%		4.5	%		5.58		1.15
	January 14 - Tranche 3		10,000	$	31.125	$	5.03		1.98	%		31	%		4.5	%		5.97		1.94
	January 14 - Tranche 4		10,000	$	31.125	$	4.27		1.98	%		31	%		4.5	%		6.25		2.5
	February 14 - Tranche 1		25,000	$	30.88	$	5.51		1.98	%		31	%		4.6	%		5.17		0.35
	February 14 - Tranche 2		25,000	$	30.88	$	5.35		1.98	%		31	%		4.6	%		5.6		1.19
	February 14 - Tranche 3		25,000	$	30.88	$	4.88		1.98	%		31	%		4.6	%		5.99		1.98
	February 14 - Tranche 4		25,000	$	30.88	$	4.15		1.98	%		31	%		4.6	%		6.27		2.54
Share Based Compensation Arrangement by Share Based Payment Award, Expenses Related to Options Granted [Table Text Block]		Three Months Ended March 31,
		2015		2014
	Time-Based Vesting Options	$	1,000	$	4,000
	Market-Based Vesting Options		254,000		147,000
	Total compensation expense related to stock options	$	255,000	$	151,000
Schedule of Compensation Cost Expected to be Expensed Market Based Vesting [Table Text Block]		2015									2015			2016
		Q1		Q2		Q3		Q4			Total			Total
		(in thousands)
	Tranche 1	$	-	$	-	$	-	$	-		$	-		$	-
	Tranche 2		134		104		1		1			240			-
	Tranche 3		73		72		72		72			289			59
	Tranche 4		47		48		47		47			189			136
	Total expense	$	254	$	224	$	120	$	120		$	718		$	195

Note_11_Major_Customers_and_Co1

Note 11 - Major Customers and Concentration of Credit Risk (Tables)	3 Months Ended
	Mar. 31, 2015
Note 11 - Major Customers and Concentration of Credit Risk (Tables) [Line Items]
Revenue from External Customers by Products and Services [Table Text Block]		Three Months Ended March 31,
		2015			2014
		(in thousands)
	Converted product net sales	$	37,415		$	26,154
	Parent roll net sales		-			1,605
	Net sales	$	37,415		$	27,759
Customer Concentration Risk [Member] | Sales Revenue, Goods, Net [Member]
Note 11 - Major Customers and Concentration of Credit Risk (Tables) [Line Items]
Schedules of Concentration of Risk, by Risk Factor [Table Text Block]		Three Months Ended March 31,
		2015			2014
	Converted product customer 1		38	%		51	%
	Converted product customer 2		10	%		*
	Converted product customer 3		10	%		11	%
	Converted product customer 4		16	%		10	%
	Total percent of net sales		74	%		72	%
Credit Concentration Risk [Member] | Accounts Receivable [Member]
Note 11 - Major Customers and Concentration of Credit Risk (Tables) [Line Items]
Schedules of Concentration of Risk, by Risk Factor [Table Text Block]		March 31,						December 31,
		2015						2014
	Converted product customer 1	$	2,043			25	%	$	2,634	28	%
	Converted product customer 2		1,820			22	%		1,410	15	%
	Converted product customer 3		763			10	%		*
	Converted product customer 4		688			9	%		813	9	%
	Total of accounts receivable	$	5,314			66	%	$	4,857	52	%

Note_1_Basis_of_Presentation_D

Note 1 - Basis of Presentation (Details)	Mar. 31, 2015
Disclosure Text Block [Abstract]
Number of Wholly Owned Subsidiaries	3

Note_2_Acquisition_of_Fabrica_2

Note 2 - Acquisition of Fabrica Assets and U.S. Business (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	5-May-14
Note 2 - Acquisition of Fabrica Assets and U.S. Business (Details) [Line Items]
Accounts Receivable, Related Parties, Current	$737,000	$1,086,000
Accounts Payable, Related Parties, Current	5,468,000	6,595,000
Goodwill	7,560,000	7,560,000
Fabrica [Member] | Supply Agreement [Member]
Note 2 - Acquisition of Fabrica Assets and U.S. Business (Details) [Line Items]
Related Party Transaction, Purchases from Related Party	9,400,000
Fabrica [Member] | Equipment Lease Agreement [Member]
Note 2 - Acquisition of Fabrica Assets and U.S. Business (Details) [Line Items]
Related Party Transaction, Other Revenues from Transactions with Related Party	685,000
Fabrica [Member]
Note 2 - Acquisition of Fabrica Assets and U.S. Business (Details) [Line Items]
Accounts Receivable, Related Parties, Current	737,000	1,100,000
Accounts Payable, Related Parties, Current	5,500,000	6,600,000
Fabrica [Member] | Certain Assets and US Business of Fabrica [Member]
Note 2 - Acquisition of Fabrica Assets and U.S. Business (Details) [Line Items]
Business Acquisition Percentage of Specified Division of Business Acquired			100.00%
Certain Assets and US Business of Fabrica [Member]
Note 2 - Acquisition of Fabrica Assets and U.S. Business (Details) [Line Items]
Goodwill	7,600,000
Goodwill, Impairment Loss	$0

Note_2_Acquisition_of_Fabrica_3

Note 2 - Acquisition of Fabrica Assets and U.S. Business (Details) - Intangibles and Goodwill (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$1,130	$753
Net Carrying Value	16,860	17,237
Certain Assets and US Business of Fabrica [Member] | Supply and Lease Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	12,800
Accumulated Amortization	480
Net Carrying Value	12,320
Life (in years)	20 years
Certain Assets and US Business of Fabrica [Member] | Licenses and Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,350
Accumulated Amortization	51
Net Carrying Value	1,299
Life (in years)	20 years
Certain Assets and US Business of Fabrica [Member] | Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,150
Accumulated Amortization	431
Net Carrying Value	719
Life (in years)	2 years
Certain Assets and US Business of Fabrica [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,690
Accumulated Amortization	168
Net Carrying Value	2,522
Life (in years)	12 years
Certain Assets and US Business of Fabrica [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	17,990
Accumulated Amortization	1,130
Net Carrying Value	$16,860

Note_3_Fair_Value_Measurements1

Note 3 - Fair Value Measurements (Details) (Fair Value, Inputs, Level 2 [Member], USD $)	Mar. 31, 2015	Dec. 31, 2014
Fair Value, Inputs, Level 2 [Member]
Note 3 - Fair Value Measurements (Details) [Line Items]
Long-term Debt, Fair Value	$48,760,000	$36,362,000

Note_4_Commitments_and_Conting2

Note 4 - Commitments and Contingencies (Details) (USD $)	1 Months Ended	3 Months Ended
In Millions, unless otherwise specified	Oct. 31, 2008	Mar. 31, 2015	Mar. 31, 2014	Apr. 30, 2015	Apr. 20, 2015	Nov. 30, 2013
	MMBTU
Subsequent Event [Member] | Manufacturing Facility and Equipment [Member] | Barnwell, South Carolina [Member] | Minimum [Member] | Cost of Barnwell Project [Member]
Note 4 - Commitments and Contingencies (Details) [Line Items]
Cost of Capital Expenditure Projects				$110	$110
Subsequent Event [Member] | Manufacturing Facility and Equipment [Member] | Barnwell, South Carolina [Member] | Maximum [Member] | Cost of Barnwell Project [Member]
Note 4 - Commitments and Contingencies (Details) [Line Items]
Cost of Capital Expenditure Projects				127	127
Subsequent Event [Member] | Manufacturing Facility and Equipment [Member] | Barnwell, South Carolina [Member] | Cost of Barnwell Project [Member]
Note 4 - Commitments and Contingencies (Details) [Line Items]
Purchase Obligation				9.5
Tissue Machine Converting Equipment and Construction Services for Paper Machine [Member] | Capital Addition Purchase Commitments [Member]
Note 4 - Commitments and Contingencies (Details) [Line Items]
Cost of Capital Expenditure Projects						38.9
Tissue Machine Converting Rewinder and Construction Services for Paper Machine [Member] | Capital Addition Purchase Commitments [Member]
Note 4 - Commitments and Contingencies (Details) [Line Items]
Purchase Obligation		4.9
Manufacturing Facility and Equipment [Member] | Barnwell, South Carolina [Member] | Capital Addition Purchase Commitments [Member]
Note 4 - Commitments and Contingencies (Details) [Line Items]
Purchase Obligation		7.6
Inventories [Member]
Note 4 - Commitments and Contingencies (Details) [Line Items]
Long Term Purchase, Commitment Minimum Energy Volume Required Per Year (in Millions of British Thermal Units)	334,000
Long Term Purchase Commitment Purchase Amount		$0.40	$0.50

Note_4_Commitments_and_Conting3

Note 4 - Commitments and Contingencies (Details) - Commitments and Contingencies (Inventories [Member])	3 Months Ended
	Mar. 31, 2015
	MMBTU
From April 2013 Through December 2014 [Member]
Long-term Purchase Commitment [Line Items]
Management Fee Per MMBTU	0.07
Price Per MMBTU	4.905
MMBTUs (in Millions of British Thermal Units)	556,886
Management Fee Per MMBTU	0.07
Price Per MMBTU	4.905
From October 2013 Through March 2014 [Member]
Long-term Purchase Commitment [Line Items]
Management Fee Per MMBTU	0.07
Price Per MMBTU	4.75
Management Fee Per MMBTU	0.07
Price Per MMBTU	4.75
MMBTUs - Additional requirement per month (in Millions of British Thermal Units)	5,000
From April 2014 Through December 2014 [Member]
Long-term Purchase Commitment [Line Items]
Management Fee Per MMBTU	0.07
Price Per MMBTU	4.7
Management Fee Per MMBTU	0.07
Price Per MMBTU	4.7
MMBTUs - Additional requirement per month (in Millions of British Thermal Units)	5,000
From January 2015 Through March 2015 [Member]
Long-term Purchase Commitment [Line Items]
Management Fee Per MMBTU	0.07
Price Per MMBTU	4.5
MMBTUs (in Millions of British Thermal Units)	95,900
Management Fee Per MMBTU	0.07
Price Per MMBTU	4.5
From April 2015 Through June 2015 [Member]
Long-term Purchase Commitment [Line Items]
Management Fee Per MMBTU	0.07
Price Per MMBTU	4.3
MMBTUs (in Millions of British Thermal Units)	93,600
Management Fee Per MMBTU	0.07
Price Per MMBTU	4.3
From July 2015 Through September 2015 [Member]
Long-term Purchase Commitment [Line Items]
Management Fee Per MMBTU	0.07
Price Per MMBTU	4.35
MMBTUs (in Millions of British Thermal Units)	92,300
Management Fee Per MMBTU	0.07
Price Per MMBTU	4.35
From October 2015 Through December 2015 [Member]
Long-term Purchase Commitment [Line Items]
Management Fee Per MMBTU	0.07
Price Per MMBTU	4.5
MMBTUs (in Millions of British Thermal Units)	91,900
Management Fee Per MMBTU	0.07
Price Per MMBTU	4.5
From January 2016 Through March 2016 [Member]
Long-term Purchase Commitment [Line Items]
Management Fee Per MMBTU	0.07
Price Per MMBTU	4.53
MMBTUs (in Millions of British Thermal Units)	95,900
Management Fee Per MMBTU	0.07
Price Per MMBTU	4.53
From April 2016 Through June 2016 [Member]
Long-term Purchase Commitment [Line Items]
Management Fee Per MMBTU	0.07
Price Per MMBTU	4.17
MMBTUs (in Millions of British Thermal Units)	93,600
Management Fee Per MMBTU	0.07
Price Per MMBTU	4.17
From July 2016 Through September 2016 [Member]
Long-term Purchase Commitment [Line Items]
Management Fee Per MMBTU	0.07
Price Per MMBTU	4.26
MMBTUs (in Millions of British Thermal Units)	92,300
Management Fee Per MMBTU	0.07
Price Per MMBTU	4.26
From October 2016 Through December 2016 [Member]
Long-term Purchase Commitment [Line Items]
Management Fee Per MMBTU	0.07
Price Per MMBTU	4.42
MMBTUs (in Millions of British Thermal Units)	91,900
Management Fee Per MMBTU	0.07
Price Per MMBTU	4.42
From January 2017 Through December 2017 [Member]
Long-term Purchase Commitment [Line Items]
Price Per MMBTU	4.06
MMBTUs (in Millions of British Thermal Units)	467,505
Price Per MMBTU	4.06

Note_5_Inventories_Details_Inv

Note 5 - Inventories (Details) - Inventories (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Inventories [Abstract]
Raw materials	$3,752	$4,392
Bulk paper rolls	1,500	861
Converted finished goods	6,231	4,595
Inventory valuation reserve	-292	-198
	$11,191	$9,650

Note_6_Property_Plant_and_Equi2

Note 6 - Property, Plant and Equipment (Details) - Property, Plant and Equipment (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	$180,494	$169,551
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	1,119	1,119
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	23,190	23,190
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	107,251	107,251
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	1,489	1,489
Nondepreciable Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	9,325	9,121
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	$38,120	$27,381

Note_7_Longterm_Debt_and_Revol2

Note 7 - Long-term Debt and Revolving Line of Credit (Details) (USD $)	Mar. 31, 2015	Jun. 30, 2014
In Millions, unless otherwise specified
Secured Debt [Member]
Note 7 - Long-term Debt and Revolving Line of Credit (Details) [Line Items]
Debt Instrument, Interest Rate, Effective Percentage	1.43%
Debt Instrument Leverage Ratio	1.79
Revolving Credit Facility [Member]
Note 7 - Long-term Debt and Revolving Line of Credit (Details) [Line Items]
Line of Credit Facility Threshold Borrowing Base to Determine Reduction in Amount Available Under Credit Facility		$25
Line of Credit Facility, Maximum Borrowing Capacity	45
Line of Credit Facility, Current Borrowing Capacity	32.1
Line of Credit Facility, Interest Rate at Period End	1.43%
Eligible Account Receivable [Member]
Note 7 - Long-term Debt and Revolving Line of Credit (Details) [Line Items]
Line of Credit Facility, Current Borrowing Capacity	6.4
Eligible Inventory [Member]
Note 7 - Long-term Debt and Revolving Line of Credit (Details) [Line Items]
Line of Credit Facility, Current Borrowing Capacity	5.7
Eligible Equipment [Member]
Note 7 - Long-term Debt and Revolving Line of Credit (Details) [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$20

Note_7_Longterm_Debt_and_Revol3

Note 7 - Long-term Debt and Revolving Line of Credit (Details) - Long-term Debt (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Debt Instrument [Line Items]
Loan agreements	$48,760	$36,362
Less current portion	2,700	2,700
	46,060	33,662
Term Loan Due June 2020 [Member]
Debt Instrument [Line Items]
Loan agreements	27,975	28,650
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Revolving line of credit, maturing on June 3, 2019	$20,785	$7,712

Note_7_Longterm_Debt_and_Revol4

Note 7 - Long-term Debt and Revolving Line of Credit (Details) - Long-term Debt (Parentheticals) (Term Loan Due June 2020 [Member], USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Payment Date First Two Years [Member]
Debt Instrument [Line Items]
Term loan installments	$675,000	$675,000
Payment Date Thereafter [Member]
Debt Instrument [Line Items]
Term loan installments	$1,000,000	$1,000,000

Note_8_Income_Taxes_Details

Note 8 - Income Taxes (Details)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Percent	34.40%	30.90%
Estimated Annual Effective Income Tax Rate		31.10%

Note_9_Earnings_Per_Share_Deta

Note 9 - Earnings Per Share (Details) - Earnings Per Share Basic and Diluted (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Earnings Per Share, Basic and Diluted [Abstract]
Net income - ($ thousands)	$1,236	$2,643
Less: distributed earnings allocable to participating securities	-1	-2
Less: undistributed earnings allocable to participating securities	1
Distributed and undistributed earnings allocable to common shareholders	$1,236	$2,641
Weighted average shares outstanding	8,755,116	8,063,322
Effect of stock options	68,860	89,685
Weighted average shares outstanding - assuming dilution	8,823,976	8,153,007
Net income per common share:
Basic	$0.14	$0.33
Diluted	$0.14	$0.32
Stock options not considered above because they were anti-dilutive	560,000

Note_10_Stock_Incentives_Detai

Note 10 - Stock Incentives (Details) (USD $)	3 Months Ended		1 Months Ended		3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Feb. 28, 2015	Feb. 28, 2014	Mar. 31, 2013	Apr. 30, 2014
Note 10 - Stock Incentives (Details) [Line Items]
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	355,000
Stock Options with Time-Based Vesting Conditions [Member]
Note 10 - Stock Incentives (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0	0
Stock Option with Market Based Vesting [Member] | Management [Member]
Note 10 - Stock Incentives (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0	140,000
Share Based Compensation Arrangement by Share Based Payment Award Number of Tranches for Options Exercisable	4
Period for which Entity's Share Price Closed at Specified Prices for Specified Consecutive Business Days	3 days
Share based Compensation Arrangement by Share based Payment Award, Expiration Period Unvested	5 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
Stock Option with Market Based Vesting [Member]
Note 10 - Stock Incentives (Details) [Line Items]
Allocated Share-based Compensation Expense (in Dollars)	254,000	147,000
Restricted Stock [Member]
Note 10 - Stock Incentives (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period					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 (in Dollars per share)					$21.70
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period					3 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period			2,333	2,666
Allocated Share-based Compensation Expense (in Dollars)	13,000	14,000

Note_10_Stock_Incentives_Detai1

Note 10 - Stock Incentives (Details) - Market-based Vesting Schedule (Stock Option with Market Based Vesting [Member], Minimum [Member], Management [Member], USD $)	Mar. 31, 2015
Tranche 1 [Member] | Vesting Share Price Equivalent One [Member]
Note 10 - Stock Incentives (Details) - Market-based Vesting Schedule [Line Items]
Tranche	$34.79
Tranche 2 [Member] | Vesting Share Price Equivalent Two [Member]
Note 10 - Stock Incentives (Details) - Market-based Vesting Schedule [Line Items]
Tranche	$42.35
Tranche 3 [Member] | Vesting Share Price Equivalent Three [Member]
Note 10 - Stock Incentives (Details) - Market-based Vesting Schedule [Line Items]
Tranche	$51.42
Tranche 4 [Member] | Vesting Share Price Equivalent Four [Member]
Note 10 - Stock Incentives (Details) - Market-based Vesting Schedule [Line Items]
Tranche	$60.50

Note_10_Stock_Incentives_Detai2

Note 10 - Stock Incentives (Details) - Temporal Details of Options Granted to Certain Member of the Board of Directors and Management (Stock Option with Market Based Vesting [Member], Management [Member], USD $)	1 Months Ended		3 Months Ended
	Feb. 28, 2014	Jan. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Note 10 - Stock Incentives (Details) - Temporal Details of Options Granted to Certain Member of the Board of Directors and Management [Line Items]
Number of Shares (in Shares)			0	140,000
Share-based Compensation Award, Tranche One [Member]
Note 10 - Stock Incentives (Details) - Temporal Details of Options Granted to Certain Member of the Board of Directors and Management [Line Items]
Number of Shares (in Shares)	25,000	10,000
Exercise Price (in Dollars per share)	$30.88	$31.13
Grant Date Fair Value (in Dollars per share)	$5.51	$5.64
Risk-Free Interest Rate	1.98%	1.98%
Estimated Volatility	31.00%	31.00%
Dividend Yield	4.60%	4.50%
Expected Life (Years)	5 years 62 days	5 years 54 days
Derived Service Period (Years)	127 days	113 days
Share-based Compensation Award, Tranche Two [Member]
Note 10 - Stock Incentives (Details) - Temporal Details of Options Granted to Certain Member of the Board of Directors and Management [Line Items]
Number of Shares (in Shares)	25,000	10,000
Exercise Price (in Dollars per share)	$30.88	$31.13
Grant Date Fair Value (in Dollars per share)	$5.35	$5.46
Risk-Free Interest Rate	1.98%	1.98%
Estimated Volatility	31.00%	31.00%
Dividend Yield	4.60%	4.50%
Expected Life (Years)	5 years 219 days	5 years 211 days
Derived Service Period (Years)	1 year 69 days	1 year 54 days
Share-based Compensation Award, Tranche Three [Member]
Note 10 - Stock Incentives (Details) - Temporal Details of Options Granted to Certain Member of the Board of Directors and Management [Line Items]
Number of Shares (in Shares)	25,000	10,000
Exercise Price (in Dollars per share)	$30.88	$31.13
Grant Date Fair Value (in Dollars per share)	$4.88	$5.03
Risk-Free Interest Rate	1.98%	1.98%
Estimated Volatility	31.00%	31.00%
Dividend Yield	4.60%	4.50%
Expected Life (Years)	5 years 361 days	5 years 354 days
Derived Service Period (Years)	1 year 357 days	1 year 343 days
Share-based Compensation Award, Tranche Four [Member]
Note 10 - Stock Incentives (Details) - Temporal Details of Options Granted to Certain Member of the Board of Directors and Management [Line Items]
Number of Shares (in Shares)	25,000	10,000
Exercise Price (in Dollars per share)	$30.88	$31.13
Grant Date Fair Value (in Dollars per share)	$4.15	$4.27
Risk-Free Interest Rate	1.98%	1.98%
Estimated Volatility	31.00%	31.00%
Dividend Yield	4.60%	4.50%
Expected Life (Years)	6 years 98 days	6 years 3 months
Derived Service Period (Years)	2 years 197 days	2 years 6 months

Note_10_Stock_Incentives_Detai3

Note 10 - Stock Incentives (Details) - Temporal Details of Expenses Related to All Options Granted (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Stock Option with Time Based Service Vesting [Member]
Note 10 - Stock Incentives (Details) - Temporal Details of Expenses Related to All Options Granted [Line Items]
Compensation expense related to stock options	$1,000	$4,000
Stock Option with Market Based Vesting [Member]
Note 10 - Stock Incentives (Details) - Temporal Details of Expenses Related to All Options Granted [Line Items]
Compensation expense related to stock options	254,000	147,000
Employee Stock Option [Member]
Note 10 - Stock Incentives (Details) - Temporal Details of Expenses Related to All Options Granted [Line Items]
Compensation expense related to stock options	$255,000	$151,000

Note_10_Stock_Incentives_Detai4

Note 10 - Stock Incentives (Details) - Temporal Details of Compensation Cost Expected to be Expensed (Stock Option with Market Based Vesting [Member], USD $)	3 Months Ended			12 Months Ended		3 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2015	Dec. 31, 2016	Mar. 31, 2015	Mar. 31, 2014
Note 10 - Stock Incentives (Details) - Temporal Details of Compensation Cost Expected to be Expensed [Line Items]
Compensation expense recognized						$254,000	$147,000
Scenario, Forecast [Member] | Share-based Compensation Award, Tranche Two [Member]
Note 10 - Stock Incentives (Details) - Temporal Details of Compensation Cost Expected to be Expensed [Line Items]
Compensation expense recognized	1,000	1,000	104,000	240,000
Scenario, Forecast [Member] | Share-based Compensation Award, Tranche Three [Member]
Note 10 - Stock Incentives (Details) - Temporal Details of Compensation Cost Expected to be Expensed [Line Items]
Compensation expense recognized	72,000	72,000	72,000	289,000	59,000
Scenario, Forecast [Member] | Share-based Compensation Award, Tranche Four [Member]
Note 10 - Stock Incentives (Details) - Temporal Details of Compensation Cost Expected to be Expensed [Line Items]
Compensation expense recognized	47,000	47,000	48,000	189,000	136,000
Scenario, Forecast [Member]
Note 10 - Stock Incentives (Details) - Temporal Details of Compensation Cost Expected to be Expensed [Line Items]
Compensation expense recognized	120,000	120,000	224,000	718,000	195,000
Share-based Compensation Award, Tranche Two [Member]
Note 10 - Stock Incentives (Details) - Temporal Details of Compensation Cost Expected to be Expensed [Line Items]
Compensation expense recognized						134,000
Share-based Compensation Award, Tranche Three [Member]
Note 10 - Stock Incentives (Details) - Temporal Details of Compensation Cost Expected to be Expensed [Line Items]
Compensation expense recognized						73,000
Share-based Compensation Award, Tranche Four [Member]
Note 10 - Stock Incentives (Details) - Temporal Details of Compensation Cost Expected to be Expensed [Line Items]
Compensation expense recognized						$47,000

Note_11_Major_Customers_and_Co2

Note 11 - Major Customers and Concentration of Credit Risk (Details)	Mar. 31, 2015	Dec. 31, 2014
Risks and Uncertainties [Abstract]
Concentration Risk, Number of Customers	4	4

Note_11_Major_Customers_and_Co3

Note 11 - Major Customers and Concentration of Credit Risk (Details) - Revenue from Parent Rolls and Converted Products (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Revenue from External Customer [Line Items]
Net Sales	$37,415	$27,759
Converted Product [Member]
Revenue from External Customer [Line Items]
Net Sales	37,415	26,154
Parent Roll [Member]
Revenue from External Customer [Line Items]
Net Sales		$1,605

Note_11_Major_Customers_and_Co4

Note 11 - Major Customers and Concentration of Credit Risk (Details) - Revenue from Significant Customers (Customer Concentration Risk [Member], Sales Revenue, Goods, Net [Member])	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Converted Product Customer 1 [Member]
Concentration Risk [Line Items]
Customer Concentration Risk	38.00%	51.00%
Converted Product Customer 2 [Member]
Concentration Risk [Line Items]
Customer Concentration Risk	10.00%		[1]
Converted Product Customer 3 [Member]
Concentration Risk [Line Items]
Customer Concentration Risk	10.00%	11.00%
Converted Product Customer 4 [Member]
Concentration Risk [Line Items]
Customer Concentration Risk	16.00%	10.00%
Significant Customers [Member]
Concentration Risk [Line Items]
Customer Concentration Risk	74.00%	72.00%
[1]	Customer did not account for more than 10% of sales during the period indicated

Note_11_Major_Customers_and_Co5

Note 11 - Major Customers and Concentration of Credit Risk (Details) - Accounts Receivable for Significant Customers (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Concentration Risk [Line Items]
Concentration Risk Amount	$8,106	$9,121
Converted Product Customer 1 [Member] | Credit Concentration Risk [Member] | Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration Risk Amount	2,043	2,634
Concentration Risk Percentage	25.00%	28.00%
Converted Product Customer 2 [Member] | Credit Concentration Risk [Member] | Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration Risk Amount	1,820	1,410
Concentration Risk Percentage	22.00%	15.00%
Converted Product Customer 3 [Member] | Credit Concentration Risk [Member] | Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration Risk Amount	763		[1]
Concentration Risk Percentage	10.00%
Converted Product Customer 4 [Member] | Credit Concentration Risk [Member] | Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration Risk Amount	688	813
Concentration Risk Percentage	9.00%	9.00%
Significant Customers [Member] | Credit Concentration Risk [Member] | Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration Risk Amount	$5,314	$4,857
Concentration Risk Percentage	66.00%	52.00%
[1]	Customer did not account for more than 10% of sales during the period indicated

Note_12_ODFA_Pooled_Financing_

Note 12 b ODFA Pooled Financing (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Note 12 b ODFA Pooled Financing (Details) [Line Items]
Other Nonoperating Income (Expense)	$186,000	($1,000)
Oklahoma Development Finance Authority [Member]
Note 12 b ODFA Pooled Financing (Details) [Line Items]
Financing Receivable, Gross	672,000
Other Nonoperating Income (Expense)	$185,000

Note_14_Subsequent_Events_Deta

Note 14 - Subsequent Events (Details) (Subsequent Event [Member], USD $)	0 Months Ended	1 Months Ended	0 Months Ended
In Millions, except Share data, unless otherwise specified	Apr. 28, 2015	Apr. 20, 2015	Apr. 17, 2015	Apr. 30, 2015	Apr. 24, 2015
Note 14 - Subsequent Events (Details) [Line Items]
Common Stock, Dividends, Per Share, Declared (in Dollars per share)			$0.35
Proceeds from Issuance of Common Stock		31.9
Bridge Loan [Member]
Note 14 - Subsequent Events (Details) [Line Items]
Short-term Debt, Maximum Amount Outstanding During Period	40
Over-Allotment Option [Member] | underwriters [Member]
Note 14 - Subsequent Events (Details) [Line Items]
Over Allotment Option (in Shares)		225,000
Manufacturing Facility and Equipment [Member] | Barnwell, South Carolina [Member] | Minimum [Member] | Cost of Barnwell Project [Member]
Note 14 - Subsequent Events (Details) [Line Items]
Cost of Capital Expenditure Projects		110		110
Manufacturing Facility and Equipment [Member] | Barnwell, South Carolina [Member] | Maximum [Member] | Cost of Barnwell Project [Member]
Note 14 - Subsequent Events (Details) [Line Items]
Cost of Capital Expenditure Projects		127		127
Manufacturing Facility and Equipment [Member] | Barnwell, South Carolina [Member] | Cost of Barnwell Project [Member]
Note 14 - Subsequent Events (Details) [Line Items]
Purchase Obligation				$9.50
Common Stock [Member]
Note 14 - Subsequent Events (Details) [Line Items]
Stock Issued During Period, Shares, New Issues (in Shares)		1,500,000
Share Price (in Dollars per share)					$23
Barnwell, South Carolina [Member] | Minimum [Member]
Note 14 - Subsequent Events (Details) [Line Items]
Tissue Paper Produced Per Year (in US Tons)		35,000
Barnwell, South Carolina [Member] | Maximum [Member]
Note 14 - Subsequent Events (Details) [Line Items]
Tissue Paper Produced Per Year (in US Tons)		40,000
underwriters [Member]
Note 14 - Subsequent Events (Details) [Line Items]
Over Allotment Expiration Date		30 days