Orchids Paper Products 10-Q 5 Aug 15 2015 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 31, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Orchids Paper Products CO /DE
Trading Symbol	TIS
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		10,269,225
Amendment Flag	false
Entity Central Index Key	1,324,189
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash	$ 15,802	$ 1,021
Accounts receivable, net of allowance of $155 in 2015 and 2014	11,048	9,109
Receivables from related party	1,682	1,086
Inventories, net	13,100	9,650
Income taxes receivable		634
Prepaid expenses	948	1,285
VAT receivable	1,626	1,734
Other current assets	853	899
Deferred income taxes	592	614
Total current assets	45,651	26,032
Property, plant and equipment	193,813	169,551
Accumulated depreciation	(54,252)	(49,831)
Net property, plant and equipment	139,561	119,720
Intangible assets, net of accumulated amortization of $1,507 in 2015 and $753 in 2014	16,483	17,237
Goodwill	7,560	7,560
Deferred debt issuance costs, net of accumulated amortization of $30 in 2015 and $20 in 2014	912	190
Total assets	210,167	170,739
Current liabilities:
Bank overdrafts		1,706
Accounts payable	5,324	4,796
Accounts payable to related party	4,861	6,595
Accrued liabilities	4,230	3,747
Current portion of long-term debt	2,700	2,700
Total current liabilities	17,115	19,544
Long-term debt, less current portion	44,600	33,662
Deferred income taxes	16,435	17,020
Stockholders' equity:
Common stock, $.001 par value, 25,000,000 shares authorized, 10,269,225 and 8,757,975 issued and outstanding in 2015 and 2014, respectively	10	9
Additional paid-in capital	97,324	64,275
Retained earnings	34,683	36,229
Total stockholders' equity	132,017	100,513
Total liabilities and stockholders' equity	$ 210,167	$ 170,739

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Allowance	$ 155	$ 155
Accumulated amortization	1,507	753
Accumulated amortization	$ 30	$ 20
Common stock, par value	$ 0.001	$ 0.001
Common Stock, Shares Authorized	25,000,000	25,000,000
Common stock, Shares Issued	10,269,225	8,757,975
Common Stock, Shares Outstanding	10,269,225	8,757,975

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net sales	$ 42,295	$ 29,196	$ 79,710	$ 56,955
Cost of sales	34,576	23,706	67,205	45,447
Gross profit	7,719	5,490	12,505	11,508
Selling, general and administrative expenses	2,240	4,407	4,737	6,586
Intangibles amortization	377	108	754	108
Operating income	5,102	975	7,014	4,814
Interest expense	64	112	278	125
Other (income) expense, net	(152)	(7)	(338)	(6)
Income before income taxes	5,190	870	7,074	4,695
Provision for income taxes:
Current	1,714	396	2,523	1,817
Deferred	(402)	(72)	(563)	(311)
	1,312	324	1,960	1,506
Net income	$ 3,878	$ 546	$ 5,114	$ 3,189
Net income per common share:
Basic (in Dollars per share)	$ 0.40	$ 0.07	$ 0.55	$ 0.40
Diluted (in Dollars per share)	$ 0.39	$ 0.07	$ 0.55	$ 0.39
Shares used in calculating net income per common share:
Basic (in Shares)	9,801,616	8,268,575	9,281,257	8,167,076
Diluted (in Shares)	9,852,598	8,345,894	9,343,887	8,258,092
Dividends per share (in Dollars per share)	$ 0.35	$ 0.35	$ 0.70	$ 0.70

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash Flows From Operating Activities
Net income	$ 5,114	$ 3,189
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	5,276	4,591
Provision for doubtful accounts		1
Deferred income taxes	(563)	(311)
Stock compensation expense	690	1,172
Loss on disposal of property, plant and equipment		8
Changes in cash due to changes in operating assets and liabilities:
Accounts receivable	(2,535)	(1,901)
Inventories	(3,450)	(3,134)
Income taxes receivable	634	(1,214)
Prepaid expenses	337	173
Other current assets	154	(1,972)
Accounts payable	(1,206)	3,083
Accrued liabilities	483	(592)
Net cash provided by operating activities	4,934	3,093
Cash Flows From Investing Activities
Acquisition of Fabrica assets and U.S. business		(16,700)
Purchases of property, plant and equipment	(24,262)	(5,686)
Purchases of short-term investments		(2)
Proceeds from the sale of investment securities		5,037
Net cash used in investing activities	(24,262)	(17,351)
Cash Flows From Financing Activities
Borrowings under long-term debt	20,000	30,000
Principal payments on long-term debt	(1,350)	(15,079)
Decrease in bank overdrafts	(1,706)
Net borrowings (repayments) on revolving credit line	(7,712)	3,897
Dividends paid to stockholders	(6,660)	(5,650)
Net proceeds from follow on stock offering	32,155
Proceeds from the exercise of stock options	210	79
Excess tax benefit (deficit) of stock options exercised	(5)	20
Deferred debt issuance costs	(823)	(77)
Net cash provided by financing activities	34,109	13,190
Net increase (decrease) in cash	14,781	(1,068)
Cash, beginning	1,021	7,205
Cash, ending	15,802	6,137
Supplemental Disclosure:
Interest paid	296	180
Income taxes paid	1,534	3,211
Tax benefits realized from stock options exercised	$ 23	16
Stock issued for Fabrica assets and U.S. business		$ 16,000

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	6 Months Ended
	Jun. 30, 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. Certain prior period amounts in the accompanying financial statements have been reclassified to conform to the current period presentation. These reclassifications did not affect previously reported amounts of net income.

Note 2 - Acquisition of Fabrica

Note 2 - Acquisition of Fabrica Assets and U.S. Business	6 Months Ended
	Jun. 30, 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 The Company incurred the following transactions with Fabrica during the three and six-month periods ended June 30: Three months ended June 30, Six months ended June 30, 2015 2014 2015 2014 (in thousands) (in thousands) Products purchased under the Supply Agreement $ 10,134 $ 3,878 $ 19,553 $ 3,878 Amounts billed to Fabrica under the Equipment Lease Agreement $ 239 $ 198 $ 924 $ 198 Parent rolls purchased by Fabrica $ 1,370 $ - $ 1,370 $ - ORCHIDS PAPER PRODUCTS COMPANY AND SUBSIDIARIES Intangibles and Goodwill Intangible assets at June 30, 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 $ 640 $ 12,160 Intangible Asset - Licenses/Trademarks 20 1,350 68 1,282 Intangible Asset - Non-Compete Agreement 2 1,150 575 575 Intangible Asset - Customer Relationships 12 2,690 224 2,466 $ 17,990 $ 1,507 $ 16,483 Intangible assets at December 31, 2014 were: Life Gross Carrying Accumulated Net Carrying (in years) Amount Amortization Value (in thousands) Intangible Asset - Supply and Equipment Lease Agreement 20 $ 12,800 $ 320 $ 12,480 Intangible Asset - Licenses/Trademarks 20 1,350 34 1,316 Intangible Asset - Non-Compete Agreement 2 1,150 287 863 Intangible Asset - Customer Relationships 12 2,690 112 2,578 $ 17,990 $ 753 $ 17,237 There were no changes to the $7.6 million goodwill recognized from the Fabrica Transaction during the three and six-month periods ending June 30, 2015 and 2014. No goodwill impairment has been recorded as of June 30, 2015.

Note 3 - Fair Value Measurement

Note 3 - Fair Value Measurements	6 Months Ended
	Jun. 30, 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 $47,300,000 and $36,362,000 at June 30, 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.

Note 4 - Commitments and Contin

Note 4 - Commitments and Contingencies	6 Months Ended
	Jun. 30, 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 remaining under these contracts are as follows: Period MMBTUs Price per MMBTU Management fee per MMBTU July 2015 - September 2015 92,300 $ 4.35 $ 0.07 October 2015 - December 2015 91,900 $ 4.50 $ 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 June 30, 2015 and 2014, respectively, and $0.8 million and $1.0 million for the six-month periods ended June 30, 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 agreement 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 was placed into service in June 2015. These projects had a total estimated cost of $38.9 million. As part of these projects, we have entered into purchase orders to purchase a paper machine and purchase converting equipment. As of June 30, 2015, our remaining obligations under these purchase orders total $3.1 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 June 30, 2015. Additionally, in the second quarter of 2015, we began construction on a new manufacturing facility in Barnwell, South Carolina, which has a total estimated cost of $110.0 million to $127.0 million. As of June 30, 2015, we had $32.3 million of obligations under purchase orders related to this facility.

Note 5 - Inventories

Note 5 - Inventories	6 Months Ended
	Jun. 30, 2015
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	Note 5 — Inventories Inventories at June 30, 2015 and December 31, 2014 were as follows: June 30, December 31, 2015 2014 (in thousands) Raw materials $ 3,824 $ 4,392 Bulk paper rolls 1,353 861 Converted finished goods 8,138 4,595 Inventory valuation reserve (215 ) (198 ) $ 13,100 $ 9,650

Note 6 - Property, Plant and Eq

Note 6 - Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	Note 6 — Property, Plant and Equipment Property, plant and equipment at June 30, 2015 and December 31, 2014 was: June 30, December 31, 2015 2014 (in thousands) Land $ 1,119 $ 1,119 Buildings and improvements 23,190 23,190 Machinery and equipment 140,925 107,251 Vehicles 1,489 1,489 Nondepreciable machinery and equipment (parts and spares) 9,502 9,121 Construction-in-process 17,588 27,381 $ 193,813 $ 169,551

Note 7 - Long-Term Debt and Rev

Note 7 - Long-Term Debt and Revolving Line of Credit	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	Note 7 — Long-Term Debt and Revolving Line of Credit In June 2015, the Company entered into the Second Amended and Restated Credit Agreement (the “Credit Agreement”), with U.S. Bank National Association (“U.S. Bank”) consisting of the following: ● a $25.0 million revolving credit line due June 2020; ● a $47.3 million Term Loan with a 5-year term due June 2020 and payable in quarterly installments of $675,000 through June 2016 and $1.0 million per quarter thereafter; ● a $115.0 million delayed draw term loan with a 2-year draw period due June 2020 and payable in quarterly installments beginning in September 2017 of 1.5% of the June 30, 2017 outstanding balance; and ● 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. The Credit Agreement has the effect of (i) combining the Company’s existing $20 million revolving line of credit designated for the purchase and construction of a paper machine and converting line in Pryor, OK and $27.3 million currently outstanding under the Company’s existing term loan into a $47.3 million term loan, (ii) increasing the delayed draw facility from $40 million to $115 million, (iii) extending the maturity of the delayed draw facility from August 2015 to June 2020, and (iv) adding a $50 million accordion feature. Proceeds from the delayed draw term loan must be utilized solely to finance the purchase and installation of new equipment and construction at the Company’s Barnwell, South Carolina facility. Under the terms of the Credit Agreement, 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. 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 2.50 % 0.25 % 0.35 % The Company’s leverage ratio at June 30, 2015 was approximately 1.64. Long-term debt at June 30, 2015 and December 31, 2014 consists of: June 30, December 31, 2015 2014 (in thousands) Revolving line of credit, maturing on June 3, 2019 $ - $ 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 - 28,650 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 47,300 - $ 47,300 $ 36,362 Less current portion 2,700 2,700 $ 44,600 $ 33,662 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 million. Obligations under the Credit Agreement are secured by substantially all of the Company’s assets. The Credit Agreement contains representations and warranties, and affirmative and negative covenants customary for financings of this type, including, but not limited to, limitations on additional borrowings, additional investments and asset sales. The financial covenants, which are tested as of the end of each fiscal quarter, require the Company to maintain the following specific ratios: fixed charge coverage (minimum of 1.20 to 1.0) and leverage (maximum of 4.00 to 1.0 through June 2017; maximum of 3.75 to 1.0 on September 30, 2017; maximum of 3.50 to 1.0 on December 31, 2017, and thereafter). The Company was in compliance with these financial covenants at June 30, 2015.

Note 8 - Income Taxes

Note 8 - Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Note 8 — Income Taxes As of June 30, 2015, our annual estimated effective income tax rate is 33.8%. 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. Our actual effective income tax rate was 25.3% and 27.7% for the three and six-month periods ended June 30, 2015, respectively. These rates differ from the estimated effective income tax rate primarily due to a change in our estimated state tax liabilities. As of June 30, 2014, our annual estimated effective income tax rate is 32.0%. The actual effective tax rate for the three and six-month periods ended June 30, 2014 was 37.2% and 32.1%, respectively. The annual estimated effective tax rate for 2014 differs from the statutory rate due primarily to manufacturing tax credits.

Note 9 - Earnings Per Share

Note 9 - Earnings Per Share	6 Months Ended
	Jun. 30, 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 and six-month periods ended June 30, 2015 and 2014 is as follows: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Net income - ($ thousands) $ 3,878 $ 546 $ 5,114 $ 3,189 Less: distributed earnings allocable to participating securities (1 ) (2 ) (2 ) (4 ) Less: undistributed earnings allocable to participating securities - 2 1 2 Distributed and undistributed earnings allocable to common shareholders $ 3,877 $ 546 $ 5,113 $ 3,187 Weighted average shares outstanding 9,801,616 8,268,575 9,281,257 8,167,076 Effect of stock options 50,982 77,319 62,630 91,016 Weighted average shares outstanding - assuming dilution 9,852,598 8,345,894 9,343,887 8,258,092 Net income per common share: Basic $ 0.40 $ 0.07 $ 0.55 $ 0.40 Diluted $ 0.39 $ 0.07 $ 0.55 $ 0.39 Stock options not considered above because they were anti-dilutive 560,000 545,000 560,000 40,000

Note 10 - Stock Incentives

Note 10 - Stock Incentives	6 Months Ended
	Jun. 30, 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 June 30, 2015, there were 315,000 shares available for issuance under the 2014 Plan. Stock Options with Time-Based Vesting Conditions The grant date fair value of the following option grants was estimated using the Black-Scholes option valuation model. Option valuation models require the input of highly subjective assumptions including the expected stock price volatility. The following table details the options granted to certain members of the Board of Directors and management that were valued using the Black-Scholes valuation model and the assumptions used in the valuation model for those grants during the six months ended June 30, 2015 and 2014: Grant Number Exercise Grant Date Risk-Free Estimated Dividend Expected Date of Shares Price Fair Value Interest Rate Volatility Yield Life (years) May-14 35,000 $ 29.65 $ 7.50 2.62 % 41 % 4.72 % 5 June-14 5,000 $ 30.09 $ 7.67 2.63 % 41 % 4.65 % 5 May-15 40,000 $ 22.485 $ 4.64 2.13 % 40 % 6.23 % 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 During the first six months of 2014, the Board of Directors granted options to purchase 145,000 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 $ 42.350 Tranche 3 $ 51.425 Tranche 4 $ 60.500 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 six months ended June 30, 2014. No options granted during the six months ended June 30, 2015 were valued using the Monte Carlo option valuation model. Risk-Free Derived Grant Number Exercise Grant Date Interest Estimated Dividend Expected Period Date of Shares Price Fair Value Rate Volatility Yield Life (years) (years) January 14 - Tranche 1 10,000 $ 31.125 $ 5.64 1.98 % 31 % 4.50 % 5.15 0.31 January 14 - Tranche 2 10,000 $ 31.125 $ 5.46 1.98 % 31 % 4.50 % 5.58 1.15 January 14 - Tranche 3 10,000 $ 31.125 $ 5.03 1.98 % 31 % 4.50 % 5.97 1.94 January 14 - Tranche 4 10,000 $ 31.125 $ 4.27 1.98 % 31 % 4.50 % 6.25 2.50 February 14 - Tranche 1 25,000 $ 30.88 $ 5.51 1.98 % 31 % 4.60 % 5.17 0.35 February 14 - Tranche 2 25,000 $ 30.88 $ 5.35 1.98 % 31 % 4.60 % 5.60 1.19 February 14 - Tranche 3 25,000 $ 30.88 $ 4.88 1.98 % 31 % 4.60 % 5.99 1.98 February 14 - Tranche 4 25,000 $ 30.88 $ 4.15 1.98 % 31 % 4.60 % 6.27 2.54 May 14 - Tranche 1 1,250 $ 28.185 $ 5.06 2.03 % 31 % 4.70 % 5.36 0.71 May 14 - Tranche 2 1,250 $ 28.185 $ 4.74 2.03 % 31 % 4.70 % 5.78 1.56 May 14 - Tranche 3 1,250 $ 28.185 $ 4.02 2.03 % 31 % 4.70 % 6.14 2.29 May 14 - Tranche 4 1,250 $ 28.185 $ 3.29 2.03 % 31 % 4.70 % 6.39 2.79 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 In April 2014, the Company’s stockholders voted to approve the options granted to Mr. Jeffrey S. Schoen, the Company’s President and Chief Executive Officer, on November 8, 2013. Upon his appointment as an officer of the Company, Mr. Schoen was granted an option to purchase up to 400,000 shares of the common stock of the Company at a purchase price of $30.25 per share. The option will become exercisable, if at all, if and when the share price of the Company’s 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 closes at or above the following percentage of the purchase price for the Option Number of shares that become vested 115% (share price $34.788) 100,000 140% (share price $42.35) 100,000 170% (share price $51.425) 100,000 200% (share price $60.50) 100,000 These options were granted outside of the 2005 Plan or the 2014 Plan. Any unvested portion of the option shall expire five years from the date of grant and the option shall terminate ten years after the date of grant. The Company used a Monte Carlo option valuation model to estimate the grant date fair value of each tranche of 100,000 options, as they include a market condition. The Company will expense the cost of the options granted over the implicit service period of the options based on the completed Monte Carlo models. The following table details the assumptions used in the valuation model for the options granted to Mr. Schoen: Risk-Free Derived Number Exercise Grant Date Interest Estimated Dividend Expected Period of Shares Price Fair Value Rate Volatility Yield Life (years) (years) Tranche 1 100,000 $ 30.25 $ 5.18 2.10 % 30 % 4.60 % 4.99 0.40 Tranche 2 100,000 $ 30.25 $ 5.04 2.10 % 30 % 4.60 % 5.42 1.25 Tranche 3 100,000 $ 30.25 $ 4.31 2.10 % 30 % 4.60 % 5.79 2.00 Tranche 4 100,000 $ 30.25 $ 3.50 2.10 % 30 % 4.60 % 6.04 2.50 Total Option Expense The Company recognized the following expenses related to all options granted under the 2005 Plan, the 2014 Plan and the Schoen options: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Time-Based Vesting Options $ 186,000 $ 302,000 $ 187,000 $ 306,000 Market-Based Vesting Options 224,000 690,000 478,000 837,000 Total compensation expense related to stock options $ 410,000 $ 992,000 $ 665,000 $ 1,143,000 Future Expected Market-Based Stock Option Expense The grant of options that vest based on a market condition will 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 In February 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 $12,000 and $14,000 for the three-month periods ended June 30, 2015 and 2014, respectively, and $25,000 and $29,000 for the six-month periods ended June 30, 2015 and 2014, respectively, related to shares of restricted stock granted.

Note 11 - Major Customers and C

Note 11 - Major Customers and Concentration of Credit Risk	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2015 and 2014 were: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (in thousands) (in thousands) Converted product net sales $ 39,787 $ 27,731 $ 77,202 $ 53,885 Parent roll net sales 2,508 1,465 2,508 3,070 Net sales $ 42,295 $ 29,196 $ 79,710 $ 56,955 Credit risk for the Company in the three and six months ended June 30, 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 June 30, Six Months Ended June 30, 2015 2014 2015 2014 Converted product customer 1 33 % 42 % 35 % 46 % Converted product customer 2 10 % * 10 % * Converted product customer 3 * 10 % * 10 % Converted product customer 4 14 % 10 % 15 % 10 % Total percent of net sales 57 % 62 % 60 % 66 % * Customer did not account for more than 10% of sales during the period indicated At June 30, 2015 and December 31, 2014, the significant customers accounted for the following amounts of the Company’s accounts receivable (in thousands): June 30, December 31, 2015 2014 Converted product customer 1 $ 3,220 29 % $ 2,634 28 % Converted product customer 2 2,186 20 % 1,410 15 % Converted product customer 3 * * Converted product customer 4 1,095 10 % 813 9 % Total of accounts receivable $ 6,501 59 % $ 4,857 52 % * Customer did not account for more than 10% of sales during the period indicated At June 30, 2015, one additional parent roll customer, a related party, accounted for approximately 12% of the Company’s accounts receivable. This customer did not account for more than 10% of sales during the three or six-month periods ended June 30, 2015 or 2014.

Note 12 - Follow-On Stock Offer

Note 12 - Follow-On Stock Offering	6 Months Ended
	Jun. 30, 2015
Follow On Stock Offering [Abstract]
Follow On Stock Offering [Text Block]	Note 12 — Follow-On Stock Offering In April 2015, the Company completed an underwritten public follow-on offering of 1,500,000 shares of its common stock at $23.00 per share. The underwriters were granted an option to purchase up to an additional 225,000 shares for a period of 30 days, which was not exercised. Net proceeds to the Company were $32.2 million, after giving effect to expenses incurred related to the offering.

Note 13 _ ODFA Pooled Financing

Note 13 – ODFA Pooled Financing	6 Months Ended
	Jun. 30, 2015
Financing Agreements With State Authorities Disclosure [Abstract]
Financing Agreements With State Authorities Disclosure [Text Block]	Note 13 – ODFA Pooled Financing As of June 30, 2015, the Company had a note receivable of $558,000 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 $160,000 and $345,000 of other income in the consolidated statement of income for the three-month and six-month period ended June 30, 2015, respectively, related to this agreement.

Note 14 - New Accounting Pronou

Note 14 - New Accounting Pronouncements	6 Months Ended
	Jun. 30, 2015
Disclosure Text Block [Abstract]
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	Note 14 — 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 currently effective for the Company for interim and annual periods beginning on or after December 15, 2016. However, on July 9, 2015, the FASB voted to approve a one-year deferral of the effective date. 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. In July 2015, the FASB issued Accounting Standards Update 2015-11, “Inventory – Simplifying the Measurement of Inventory” (“ASU 2015-11”). ASU 2015-11 requires inventory measured using all methods other than the last-in, first-out (LIFO) or retail methods to be measured at the lower of cost or net realizable value. Net realizable value is defined as the estimated selling price in the ordinary course of business less reasonably predictable costs of completion, disposal and transportation. ASU 2015-11 is effective for public companies for annual and interim periods beginning after December 15, 2016. Management is currently assessing the impact ASU 2015-11 will have, if any, on the Company’s financial position, results of operations and cash flows.

Note 15 - Subsequent Events

Note 15 - Subsequent Events	6 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Note 15 — Subsequent Event On July 29, 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 August 24, 2015 to stockholders of record at the close of business on August 10, 2015.

Note 2 - Acquisition of Fabri21

Note 2 - Acquisition of Fabrica Assets and U.S. Business (Tables)	6 Months Ended
	Jun. 30, 2015
Business Combinations [Abstract]
Schedule of Related Party Transactions [Table Text Block]	Three months ended June 30, Six months ended June 30, 2015 2014 2015 2014 (in thousands) (in thousands) Products purchased under the Supply Agreement $ 10,134 $ 3,878 $ 19,553 $ 3,878 Amounts billed to Fabrica under the Equipment Lease Agreement $ 239 $ 198 $ 924 $ 198 Parent rolls purchased by Fabrica $ 1,370 $ - $ 1,370 $ -
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 $ 640 $ 12,160 Intangible Asset - Licenses/Trademarks 20 1,350 68 1,282 Intangible Asset - Non-Compete Agreement 2 1,150 575 575 Intangible Asset - Customer Relationships 12 2,690 224 2,466 $ 17,990 $ 1,507 $ 16,483 Life Gross Carrying Accumulated Net Carrying (in years) Amount Amortization Value (in thousands) Intangible Asset - Supply and Equipment Lease Agreement 20 $ 12,800 $ 320 $ 12,480 Intangible Asset - Licenses/Trademarks 20 1,350 34 1,316 Intangible Asset - Non-Compete Agreement 2 1,150 287 863 Intangible Asset - Customer Relationships 12 2,690 112 2,578 $ 17,990 $ 753 $ 17,237

Note 4 - Commitments and Cont22

Note 4 - Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Long-term Purchase Commitment [Table Text Block]	Period MMBTUs Price per MMBTU Management fee per MMBTU July 2015 - September 2015 92,300 $ 4.35 $ 0.07 October 2015 - December 2015 91,900 $ 4.50 $ 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)	6 Months Ended
	Jun. 30, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	June 30, December 31, 2015 2014 (in thousands) Raw materials $ 3,824 $ 4,392 Bulk paper rolls 1,353 861 Converted finished goods 8,138 4,595 Inventory valuation reserve (215 ) (198 ) $ 13,100 $ 9,650

Note 6 - Property, Plant and 24

Note 6 - Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	June 30, December 31, 2015 2014 (in thousands) Land $ 1,119 $ 1,119 Buildings and improvements 23,190 23,190 Machinery and equipment 140,925 107,251 Vehicles 1,489 1,489 Nondepreciable machinery and equipment (parts and spares) 9,502 9,121 Construction-in-process 17,588 27,381 $ 193,813 $ 169,551

Note 7 - Long-Term Debt and R25

Note 7 - Long-Term Debt and Revolving Line of Credit (Tables)	6 Months Ended
	Jun. 30, 2015
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 2.50 % 0.25 % 0.35 %
Schedule of Long-term Debt Instruments [Table Text Block]	June 30, December 31, 2015 2014 (in thousands) Revolving line of credit, maturing on June 3, 2019 $ - $ 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 - 28,650 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 47,300 - $ 47,300 $ 36,362 Less current portion 2,700 2,700 $ 44,600 $ 33,662

Note 9 - Earnings Per Share (Ta

Note 9 - Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Net income - ($ thousands) $ 3,878 $ 546 $ 5,114 $ 3,189 Less: distributed earnings allocable to participating securities (1 ) (2 ) (2 ) (4 ) Less: undistributed earnings allocable to participating securities - 2 1 2 Distributed and undistributed earnings allocable to common shareholders $ 3,877 $ 546 $ 5,113 $ 3,187 Weighted average shares outstanding 9,801,616 8,268,575 9,281,257 8,167,076 Effect of stock options 50,982 77,319 62,630 91,016 Weighted average shares outstanding - assuming dilution 9,852,598 8,345,894 9,343,887 8,258,092 Net income per common share: Basic $ 0.40 $ 0.07 $ 0.55 $ 0.40 Diluted $ 0.39 $ 0.07 $ 0.55 $ 0.39 Stock options not considered above because they were anti-dilutive 560,000 545,000 560,000 40,000

Note 10 - Stock Incentives (Tab

Note 10 - Stock Incentives (Tables)	6 Months Ended
	Jun. 30, 2015
Note 10 - Stock Incentives (Tables) [Line Items]
Schedule of Options Granted and Valuation Assumptions [Table Text Block]	Grant Number Exercise Grant Date Risk-Free Estimated Dividend Expected Date of Shares Price Fair Value Interest Rate Volatility Yield Life (years) May-14 35,000 $ 29.65 $ 7.50 2.62 % 41 % 4.72 % 5 June-14 5,000 $ 30.09 $ 7.67 2.63 % 41 % 4.65 % 5 May-15 40,000 $ 22.485 $ 4.64 2.13 % 40 % 6.23 % 5
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 $ 42.350 Tranche 3 $ 51.425 Tranche 4 $ 60.500
Schedule of Vesting of Exercisable Options Granted to Incoming President and Chief Executive Officer [Table Text Block]	Share price closes at or above the following percentage of the purchase price for the Option Number of shares that become vested 115% (share price $34.788) 100,000 140% (share price $42.35) 100,000 170% (share price $51.425) 100,000 200% (share price $60.50) 100,000
Share Based Compensation Arrangement by Share Based Payment Award, Expenses Related to Options Granted [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Time-Based Vesting Options $ 186,000 $ 302,000 $ 187,000 $ 306,000 Market-Based Vesting Options 224,000 690,000 478,000 837,000 Total compensation expense related to stock options $ 410,000 $ 992,000 $ 665,000 $ 1,143,000
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
Management [Member]
Note 10 - Stock Incentives (Tables) [Line Items]
Schedule of Options Granted and Valuation Assumptions [Table Text Block]	Risk-Free Derived Grant Number Exercise Grant Date Interest Estimated Dividend Expected Period Date of Shares Price Fair Value Rate Volatility Yield Life (years) (years) January 14 - Tranche 1 10,000 $ 31.125 $ 5.64 1.98 % 31 % 4.50 % 5.15 0.31 January 14 - Tranche 2 10,000 $ 31.125 $ 5.46 1.98 % 31 % 4.50 % 5.58 1.15 January 14 - Tranche 3 10,000 $ 31.125 $ 5.03 1.98 % 31 % 4.50 % 5.97 1.94 January 14 - Tranche 4 10,000 $ 31.125 $ 4.27 1.98 % 31 % 4.50 % 6.25 2.50 February 14 - Tranche 1 25,000 $ 30.88 $ 5.51 1.98 % 31 % 4.60 % 5.17 0.35 February 14 - Tranche 2 25,000 $ 30.88 $ 5.35 1.98 % 31 % 4.60 % 5.60 1.19 February 14 - Tranche 3 25,000 $ 30.88 $ 4.88 1.98 % 31 % 4.60 % 5.99 1.98 February 14 - Tranche 4 25,000 $ 30.88 $ 4.15 1.98 % 31 % 4.60 % 6.27 2.54 May 14 - Tranche 1 1,250 $ 28.185 $ 5.06 2.03 % 31 % 4.70 % 5.36 0.71 May 14 - Tranche 2 1,250 $ 28.185 $ 4.74 2.03 % 31 % 4.70 % 5.78 1.56 May 14 - Tranche 3 1,250 $ 28.185 $ 4.02 2.03 % 31 % 4.70 % 6.14 2.29 May 14 - Tranche 4 1,250 $ 28.185 $ 3.29 2.03 % 31 % 4.70 % 6.39 2.79
Chief Executive Officer [Member]
Note 10 - Stock Incentives (Tables) [Line Items]
Schedule of Options Granted and Valuation Assumptions [Table Text Block]	Risk-Free Derived Number Exercise Grant Date Interest Estimated Dividend Expected Period of Shares Price Fair Value Rate Volatility Yield Life (years) (years) Tranche 1 100,000 $ 30.25 $ 5.18 2.10 % 30 % 4.60 % 4.99 0.40 Tranche 2 100,000 $ 30.25 $ 5.04 2.10 % 30 % 4.60 % 5.42 1.25 Tranche 3 100,000 $ 30.25 $ 4.31 2.10 % 30 % 4.60 % 5.79 2.00 Tranche 4 100,000 $ 30.25 $ 3.50 2.10 % 30 % 4.60 % 6.04 2.50

Note 11 - Major Customers and28

Note 11 - Major Customers and Concentration of Credit Risk (Tables)	6 Months Ended
	Jun. 30, 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 June 30, Six Months Ended June 30, 2015 2014 2015 2014 (in thousands) (in thousands) Converted product net sales $ 39,787 $ 27,731 $ 77,202 $ 53,885 Parent roll net sales 2,508 1,465 2,508 3,070 Net sales $ 42,295 $ 29,196 $ 79,710 $ 56,955
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 June 30, Six Months Ended June 30, 2015 2014 2015 2014 Converted product customer 1 33 % 42 % 35 % 46 % Converted product customer 2 10 % * 10 % * Converted product customer 3 * 10 % * 10 % Converted product customer 4 14 % 10 % 15 % 10 % Total percent of net sales 57 % 62 % 60 % 66 %
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]	June 30, December 31, 2015 2014 Converted product customer 1 $ 3,220 29 % $ 2,634 28 % Converted product customer 2 2,186 20 % 1,410 15 % Converted product customer 3 * * Converted product customer 4 1,095 10 % 813 9 % Total of accounts receivable $ 6,501 59 % $ 4,857 52 %

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details)	Jun. 30, 2015
Disclosure Text Block [Abstract]
Number of Wholly Owned Subsidiaries	3

Note 2 - Acquisition of Fabri30

Note 2 - Acquisition of Fabrica Assets and U.S. Business (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	May. 05, 2014
Note 2 - Acquisition of Fabrica Assets and U.S. Business (Details) [Line Items]
Goodwill	$ 7,560,000		$ 7,560,000		$ 7,560,000
Certain Assets and US Business of Fabrica [Member]
Note 2 - Acquisition of Fabrica Assets and U.S. Business (Details) [Line Items]
Goodwill, Period Increase (Decrease)	0	$ 0	0	$ 0
Goodwill	$ 7,600,000		7,600,000
Goodwill, Impairment Loss			$ 0
Certain Assets and US Business of Fabrica [Member] | 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%

Note 2 - Acquisition of Fabri31

Note 2 - Acquisition of Fabrica Assets and U.S. Business (Details) - Transactions with Fabrica - Fabrica [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Parent Rolls [Member]
Related Party Transaction [Line Items]
Parent rolls purchased by Fabrica	$ 1,370		$ 1,370
Supply Agreement [Member]
Related Party Transaction [Line Items]
Products purchased under the Supply Agreement	10,134	$ 3,878	19,553	$ 3,878
Equipment Lease Agreement [Member]
Related Party Transaction [Line Items]
Amounts billed to Fabrica under the Equipment Lease Agreement	$ 239	$ 198	$ 924	$ 198

Note 2 - Acquisition of Fabri32

Note 2 - Acquisition of Fabrica Assets and U.S. Business (Details) - Intangibles and Goodwill - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ 1,507	$ 753
Net Carrying Value	16,483	17,237
Certain Assets and US Business of Fabrica [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	17,990	17,990
Accumulated Amortization	1,507	753
Net Carrying Value	$ 16,483	$ 17,237
Supply and Lease Agreements [Member] | Certain Assets and US Business of Fabrica [Member]
Finite-Lived Intangible Assets [Line Items]
Life in Years	20 years	20 years
Gross Carrying Amount	$ 12,800	$ 12,800
Accumulated Amortization	640	320
Net Carrying Value	$ 12,160	$ 12,480
Licenses and Trademarks [Member] | Certain Assets and US Business of Fabrica [Member]
Finite-Lived Intangible Assets [Line Items]
Life in Years	20 years	20 years
Gross Carrying Amount	$ 1,350	$ 1,350
Accumulated Amortization	68	34
Net Carrying Value	$ 1,282	$ 1,316
Noncompete Agreements [Member] | Certain Assets and US Business of Fabrica [Member]
Finite-Lived Intangible Assets [Line Items]
Life in Years	2 years	2 years
Gross Carrying Amount	$ 1,150	$ 1,150
Accumulated Amortization	575	287
Net Carrying Value	$ 575	$ 863
Customer Relationships [Member] | Certain Assets and US Business of Fabrica [Member]
Finite-Lived Intangible Assets [Line Items]
Life in Years	12 years	12 years
Gross Carrying Amount	$ 2,690	$ 2,690
Accumulated Amortization	224	112
Net Carrying Value	$ 2,466	$ 2,578

Note 3 - Fair Value Measureme33

Note 3 - Fair Value Measurements (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Inputs, Level 2 [Member]
Note 3 - Fair Value Measurements (Details) [Line Items]
Long-term Debt, Fair Value	$ 47,300,000	$ 36,362,000

Note 4 - Commitments and Cont34

Note 4 - Commitments and Contingencies (Details) $ in Millions	1 Months Ended	3 Months Ended		6 Months Ended
	Oct. 31, 2008MMBTU	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Nov. 30, 2013USD ($)
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) | MMBTU	334,000
Long-term Purchase Commitment Purchase Amount		$ 0.4	$ 0.5	$ 0.8	$ 1
Capital Addition Purchase Commitments [Member] | Tissue Machine Converting Equipment and Construction Services for Paper Machine [Member]
Note 4 - Commitments and Contingencies (Details) [Line Items]
Cost of Capital Expenditure Projects						$ 38.9
Capital Addition Purchase Commitments [Member] | Tissue Machine Converting Rewinder and Construction Services for Paper Machine [Member]
Note 4 - Commitments and Contingencies (Details) [Line Items]
Purchase Obligation		3.1		3.1
Capital Addition Purchase Commitments [Member] | Manufacturing Facility and Equipment [Member] | Barnwell, South Carolina [Member]
Note 4 - Commitments and Contingencies (Details) [Line Items]
Purchase Obligation		32.3		32.3
Cost of Barnwell Project [Member] | Minimum [Member] | Manufacturing Facility and Equipment [Member] | Barnwell, South Carolina [Member]
Note 4 - Commitments and Contingencies (Details) [Line Items]
Cost of Capital Expenditure Projects		110		110
Cost of Barnwell Project [Member] | Maximum [Member] | Manufacturing Facility and Equipment [Member] | Barnwell, South Carolina [Member]
Note 4 - Commitments and Contingencies (Details) [Line Items]
Cost of Capital Expenditure Projects		$ 127		$ 127

Note 4 - Commitments and Cont35

Note 4 - Commitments and Contingencies (Details) - Commitments and Contingencies - 6 months ended Jun. 30, 2015 - Inventories [Member]	MMBTU$ / MMBTU
From July 2015 Through September 2015 [Member]
Long-term Purchase Commitment [Line Items]
Price per MMBTU	4.35
Management fee per MMBTU	0.07
MMBTUs (in Millions of British Thermal Units) | MMBTU	92,300
From October 2015 Through December 2015 [Member]
Long-term Purchase Commitment [Line Items]
Price per MMBTU	4.50
Management fee per MMBTU	0.07
MMBTUs (in Millions of British Thermal Units) | MMBTU	91,900
From January 2016 Through March 2016 [Member]
Long-term Purchase Commitment [Line Items]
Price per MMBTU	4.53
Management fee per MMBTU	0.07
MMBTUs (in Millions of British Thermal Units) | MMBTU	95,900
From April 2016 Through June 2016 [Member]
Long-term Purchase Commitment [Line Items]
Price per MMBTU	4.17
Management fee per MMBTU	0.07
MMBTUs (in Millions of British Thermal Units) | MMBTU	93,600
From July 2016 Through September 2016 [Member]
Long-term Purchase Commitment [Line Items]
Price per MMBTU	4.26
Management fee per MMBTU	0.07
MMBTUs (in Millions of British Thermal Units) | MMBTU	92,300
From October 2016 Through December 2016 [Member]
Long-term Purchase Commitment [Line Items]
Price per MMBTU	4.42
Management fee per MMBTU	0.07
MMBTUs (in Millions of British Thermal Units) | MMBTU	91,900
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) | MMBTU	467,505

Note 5 - Inventories (Details)

Note 5 - Inventories (Details) - Inventories - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Inventories [Abstract]
Raw materials	$ 3,824	$ 4,392
Bulk paper rolls	1,353	861
Converted finished goods	8,138	4,595
Inventory valuation reserve	(215)	(198)
	$ 13,100	$ 9,650

Note 6 - Property, Plant and 37

Note 6 - Property, Plant and Equipment (Details) - Property, Plant and Equipment - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	$ 193,813	$ 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	140,925	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	9,502	9,121
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	$ 17,588	$ 27,381

Note 7 - Long-Term Debt and R38

Note 7 - Long-Term Debt and Revolving Line of Credit (Details) - USD ($)	1 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Note 7 - Long-Term Debt and Revolving Line of Credit (Details) [Line Items]
Secured Debt	$ 47,300,000	$ 47,300,000	$ 36,362,000
Line of Credit Facility, Accordion Feature	$ 50,000,000	$ 50,000,000
Debt Instrument Leverage Ratio	1.64	1.64
Term Loan Due June 25, 2020 [Member]
Note 7 - Long-Term Debt and Revolving Line of Credit (Details) [Line Items]
Debt Instrument, Face Amount	$ 47,300,000	$ 47,300,000
Debt Instrument, Term	5 years
Secured Debt	$ 47,300,000	47,300,000
Term Loan Due June 25, 2020 [Member] | Payment Date First Year [Member]
Note 7 - Long-Term Debt and Revolving Line of Credit (Details) [Line Items]
Debt Instrument, Periodic Payment, Principal	675,000	675,000	675,000
Term Loan Due June 25, 2020 [Member] | Payment Date Thereafter [Member]
Note 7 - Long-Term Debt and Revolving Line of Credit (Details) [Line Items]
Debt Instrument, Periodic Payment, Principal	1,000,000	1,000,000	$ 1,000,000
Delayed Draw Term Loan Due June 2020 [Member]
Note 7 - Long-Term Debt and Revolving Line of Credit (Details) [Line Items]
Delayed Draw Term Loan, Maximum Borrowing Capacity	$ 115,000,000	$ 115,000,000
Debt Instrument, Draw Period	2 years
Debt Instrument, Percent of Outstanding Balance	1.50%	1.50%
Term Loan Due June 2020 [Member]
Note 7 - Long-Term Debt and Revolving Line of Credit (Details) [Line Items]
Secured Debt	$ 27,300,000	$ 27,300,000
Bridge Loan [Member]
Note 7 - Long-Term Debt and Revolving Line of Credit (Details) [Line Items]
Delayed Draw Term Loan, Maximum Borrowing Capacity	40,000,000	40,000,000
Revolving Credit Facility [Member]
Note 7 - Long-Term Debt and Revolving Line of Credit (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	25,000,000	25,000,000
Line of Credit Facility Threshold Borrowing Base to Determine Reduction in Amount Available Under Credit Facility	25,000,000	25,000,000
Revolving Credit Facility for Purchase Construction and Upgrade of Assets [Member]
Note 7 - Long-Term Debt and Revolving Line of Credit (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 20,000,000	$ 20,000,000
Minimum [Member]
Note 7 - Long-Term Debt and Revolving Line of Credit (Details) [Line Items]
Debt Instrument, Covenant Fixed Charge Coverage Ratio	1.20	1.20
Maximum [Member] | Debt Instrument Leverage Ratio through June 2017 [Member]
Note 7 - Long-Term Debt and Revolving Line of Credit (Details) [Line Items]
Debt Instrument Leverage Ratio	4	4
Maximum [Member] | Debt Instrument Leverage Ratio on September 30, 2017 [Member]
Note 7 - Long-Term Debt and Revolving Line of Credit (Details) [Line Items]
Debt Instrument Leverage Ratio	3.75	3.75
Maximum [Member] | Debt Instrument Leverage Ratio on December 31, 2017 [Member]
Note 7 - Long-Term Debt and Revolving Line of Credit (Details) [Line Items]
Debt Instrument Leverage Ratio	3.50	3.50

Note 7 - Long-Term Debt and R39

Note 7 - Long-Term Debt and Revolving Line of Credit (Details) - Interest Margin and Commitment Fee Payable	6 Months Ended
	Jun. 30, 2015
London Interbank Offered Rate (LIBOR) [Member] | Debt Instrument Leverage Ration Less than 1.00 [Member]
Note 7 - Long-Term Debt and Revolving Line of Credit (Details) - Interest Margin and Commitment Fee Payable [Line Items]
Interest Margin	1.25%
London Interbank Offered Rate (LIBOR) [Member] | Debt Instrument Leverage Ration Greater than or Equal to 1.00 but Less than 2.00 [Member]
Note 7 - Long-Term Debt and Revolving Line of Credit (Details) - Interest Margin and Commitment Fee Payable [Line Items]
Interest Margin	1.50%
London Interbank Offered Rate (LIBOR) [Member] | Debt Instrument Leverage Ratio Greater than or Equal to 2.00 but Less than 3.00 [Member]
Note 7 - Long-Term Debt and Revolving Line of Credit (Details) - Interest Margin and Commitment Fee Payable [Line Items]
Interest Margin	1.75%
London Interbank Offered Rate (LIBOR) [Member] | Debt Instrument Leverage Ratio Greater than or Equal to 3.00 but Less than 3.50 [Member]
Note 7 - Long-Term Debt and Revolving Line of Credit (Details) - Interest Margin and Commitment Fee Payable [Line Items]
Interest Margin	2.25%
London Interbank Offered Rate (LIBOR) [Member] | Debt Instrument Leverage Ratio Greater than or Equal to 3.50 [Member]
Note 7 - Long-Term Debt and Revolving Line of Credit (Details) - Interest Margin and Commitment Fee Payable [Line Items]
Interest Margin	2.50%
Base Rate [Member] | Debt Instrument Leverage Ration Less than 1.00 [Member]
Note 7 - Long-Term Debt and Revolving Line of Credit (Details) - Interest Margin and Commitment Fee Payable [Line Items]
Interest Margin	0.00%
Base Rate [Member] | Debt Instrument Leverage Ration Greater than or Equal to 1.00 but Less than 2.00 [Member]
Note 7 - Long-Term Debt and Revolving Line of Credit (Details) - Interest Margin and Commitment Fee Payable [Line Items]
Interest Margin	0.00%
Base Rate [Member] | Debt Instrument Leverage Ratio Greater than or Equal to 2.00 but Less than 3.00 [Member]
Note 7 - Long-Term Debt and Revolving Line of Credit (Details) - Interest Margin and Commitment Fee Payable [Line Items]
Interest Margin	0.00%
Base Rate [Member] | Debt Instrument Leverage Ratio Greater than or Equal to 3.00 but Less than 3.50 [Member]
Note 7 - Long-Term Debt and Revolving Line of Credit (Details) - Interest Margin and Commitment Fee Payable [Line Items]
Interest Margin	0.00%
Base Rate [Member] | Debt Instrument Leverage Ratio Greater than or Equal to 3.50 [Member]
Note 7 - Long-Term Debt and Revolving Line of Credit (Details) - Interest Margin and Commitment Fee Payable [Line Items]
Interest Margin	0.25%
Revolving Credit Facility [Member] | Debt Instrument Leverage Ration Less than 1.00 [Member]
Note 7 - Long-Term Debt and Revolving Line of Credit (Details) - Interest Margin and Commitment Fee Payable [Line Items]
Commitment Fee	0.15%
Revolving Credit Facility [Member] | Debt Instrument Leverage Ration Greater than or Equal to 1.00 but Less than 2.00 [Member]
Note 7 - Long-Term Debt and Revolving Line of Credit (Details) - Interest Margin and Commitment Fee Payable [Line Items]
Commitment Fee	0.20%
Revolving Credit Facility [Member] | Debt Instrument Leverage Ratio Greater than or Equal to 2.00 but Less than 3.00 [Member]
Note 7 - Long-Term Debt and Revolving Line of Credit (Details) - Interest Margin and Commitment Fee Payable [Line Items]
Commitment Fee	0.25%
Revolving Credit Facility [Member] | Debt Instrument Leverage Ratio Greater than or Equal to 3.00 but Less than 3.50 [Member]
Note 7 - Long-Term Debt and Revolving Line of Credit (Details) - Interest Margin and Commitment Fee Payable [Line Items]
Commitment Fee	0.30%
Revolving Credit Facility [Member] | Debt Instrument Leverage Ratio Greater than or Equal to 3.50 [Member]
Note 7 - Long-Term Debt and Revolving Line of Credit (Details) - Interest Margin and Commitment Fee Payable [Line Items]
Commitment Fee	0.35%

Note 7 - Long-Term Debt and R40

Note 7 - Long-Term Debt and Revolving Line of Credit (Details) - Long-term Debt - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Loan agreements	$ 47,300	$ 36,362
Less current portion	2,700	2,700
	44,600	33,662
Term Loan Due June 3, 2020 [Member]
Debt Instrument [Line Items]
Loan agreements		28,650
Term Loan Due June 25, 2020 [Member]
Debt Instrument [Line Items]
Loan agreements	$ 47,300
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Revolving line of credit, maturing on June 3, 2019		$ 7,712

Note 7 - Long-Term Debt and R41

Note 7 - Long-Term Debt and Revolving Line of Credit (Details) - Long-term Debt (Parentheticals) - USD ($)	1 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Term Loan Due June 3, 2020 [Member] | Payment Date First Two Years [Member]
Debt Instrument [Line Items]
Term loan installments		$ 675,000	$ 675,000
Term Loan Due June 3, 2020 [Member] | Payment Date Thereafter [Member]
Debt Instrument [Line Items]
Term loan installments		1,000,000	1,000,000
Term Loan Due June 25, 2020 [Member] | Payment Date Thereafter [Member]
Debt Instrument [Line Items]
Term loan installments	$ 1,000,000	1,000,000	1,000,000
Term Loan Due June 25, 2020 [Member] | Payment Date First Year [Member]
Debt Instrument [Line Items]
Term loan installments	$ 675,000	$ 675,000	$ 675,000

Note 8 - Income Taxes (Details)

Note 8 - Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Tax Disclosure [Abstract]
Estimated Annual Effective Income Tax Rate			33.80%	32.00%
Effective Income Tax Rate Reconciliation, Percent	25.30%	37.20%	27.70%	32.10%

Note 9 - Earnings Per Share (De

Note 9 - Earnings Per Share (Details) - Earnings Per Share Basic and Diluted - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share, Basic and Diluted [Abstract]
Net income - ($ thousands) (in Dollars)	$ 3,878	$ 546	$ 5,114	$ 3,189
Less: distributed earnings allocable to participating securities (in Dollars)	(1)	(2)	(2)	(4)
Less: undistributed earnings allocable to participating securities (in Dollars)		2	1	2
Distributed and undistributed earnings allocable to common shareholders (in Dollars)	$ 3,877	$ 546	$ 5,113	$ 3,187
Weighted average shares outstanding	9,801,616	8,268,575	9,281,257	8,167,076
Effect of stock options	50,982	77,319	62,630	91,016
Weighted average shares outstanding - assuming dilution	9,852,598	8,345,894	9,343,887	8,258,092
Net income per common share:
Basic (in Dollars per share)	$ 0.40	$ 0.07	$ 0.55	$ 0.40
Diluted (in Dollars per share)	$ 0.39	$ 0.07	$ 0.55	$ 0.39
Stock options not considered above because they were anti-dilutive	560,000	545,000	560,000	40,000

Note 10 - Stock Incentives (Det

Note 10 - Stock Incentives (Details)	1 Months Ended				3 Months Ended			6 Months Ended
	Feb. 28, 2015shares	Apr. 30, 2014$ / sharesshares	Feb. 28, 2014shares	Feb. 28, 2013$ / sharesshares	Jun. 30, 2015USD ($)shares	Mar. 31, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)shares	Jun. 30, 2014USD ($)shares
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					315,000			315,000
Stock Options with Market-based Vesting Conditions [Member]
Note 10 - Stock Incentives (Details) [Line Items]
Allocated Share-based Compensation Expense (in Dollars) | $					$ 224,000	$ 254,000	$ 690,000	$ 478,000	$ 837,000
Stock Options with Market-based Vesting Conditions [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	145,000
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
Employee Stock Option [Member]
Note 10 - Stock Incentives (Details) [Line Items]
Allocated Share-based Compensation Expense (in Dollars) | $					410,000		992,000	$ 665,000	$ 1,143,000
Employee Stock Option [Member] | Chief Executive Officer [Member]
Note 10 - Stock Incentives (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		400,000
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
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in Dollars per share) | $ / shares		$ 30.25
Options Vesting in Each Tranche		100,000
Restricted Stock [Member]
Note 10 - Stock Incentives (Details) [Line Items]
Allocated Share-based Compensation Expense (in Dollars) | $					$ 12,000		$ 14,000	$ 25,000	$ 29,000
Restricted Stock [Member] | Stock Incentive Plan 2005 [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) | $ / shares				$ 21.695
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

Note 10 - Stock Incentives (D45

Note 10 - Stock Incentives (Details) - Temporal Details of Time-based Vesting Conditions - Stock Options with Time-based Vesting Conditions [Member] - Board of Directors and Management [Member] - $ / shares	1 Months Ended
	May. 31, 2015	Jun. 30, 2014	May. 31, 2014
Note 10 - Stock Incentives (Details) - Temporal Details of Time-based Vesting Conditions [Line Items]
Number of Shares (in Shares)	40,000	5,000	35,000
Exercise Price (in Dollars per share)	$ 22.485	$ 30.09	$ 29.65
Grant Date Fair Value (in Dollars per share)	$ 4.64	$ 7.67	$ 7.50
Risk-Free Interest Rate	2.13%	2.63%	2.62%
Estimated Volatility	40.00%	41.00%	41.00%
Dividend Yield	6.23%	4.65%	4.72%
Expected Life (Year)	5 years	5 years	5 years

Note 10 - Stock Incentives (D46

Note 10 - Stock Incentives (Details) - Market-based Vesting Schedule - Minimum [Member] - Stock Options with Market-based Vesting Conditions [Member] - Management [Member]	Jun. 30, 2014$ / shares
Vesting Share Price Equivalent One [Member]
Note 10 - Stock Incentives (Details) - Market-based Vesting Schedule [Line Items]
Tranche	$ 34.788
Vesting Share Price Equivalent Two [Member]
Note 10 - Stock Incentives (Details) - Market-based Vesting Schedule [Line Items]
Tranche	42.350
Vesting Share Price Equivalent Three [Member]
Note 10 - Stock Incentives (Details) - Market-based Vesting Schedule [Line Items]
Tranche	51.425
Vesting Share Price Equivalent Four [Member]
Note 10 - Stock Incentives (Details) - Market-based Vesting Schedule [Line Items]
Tranche	$ 60.500

Note 10 - Stock Incentives (D47

Note 10 - Stock Incentives (Details) - Temporal Details of Options Granted to Certain Members of Management - Stock Options with Market-based Vesting Conditions [Member] - Management [Member] - $ / shares	1 Months Ended			6 Months Ended
	May. 31, 2014	Feb. 28, 2014	Jan. 31, 2014	Jun. 30, 2015	Jun. 30, 2014
Note 10 - Stock Incentives (Details) - Temporal Details of Options Granted to Certain Members of Management [Line Items]
Number of Shares (in Shares)				0	145,000
Share-based Compensation Award, Tranche One [Member]
Note 10 - Stock Incentives (Details) - Temporal Details of Options Granted to Certain Members of Management [Line Items]
Number of Shares (in Shares)	1,250	25,000	10,000
Exercise Price (in Dollars per share)	$ 28.185	$ 30.88	$ 31.125
Grant Date Fair Value (in Dollars per share)	$ 5.06	$ 5.51	$ 5.64
Risk-Free Interest Rate	2.03%	1.98%	1.98%
Estimated Volatility	31.00%	31.00%	31.00%
Dividend Yield	4.70%	4.60%	4.50%
Expected Life (Years)	5 years 131 days	5 years 62 days	5 years 54 days
Derived Service Period (Years)	259 days	127 days	113 days
Share-based Compensation Award, Tranche Two [Member]
Note 10 - Stock Incentives (Details) - Temporal Details of Options Granted to Certain Members of Management [Line Items]
Number of Shares (in Shares)	1,250	25,000	10,000
Exercise Price (in Dollars per share)	$ 28.185	$ 30.88	$ 31.125
Grant Date Fair Value (in Dollars per share)	$ 4.74	$ 5.35	$ 5.46
Risk-Free Interest Rate	2.03%	1.98%	1.98%
Estimated Volatility	31.00%	31.00%	31.00%
Dividend Yield	4.70%	4.60%	4.50%
Expected Life (Years)	5 years 284 days	5 years 219 days	5 years 211 days
Derived Service Period (Years)	1 year 204 days	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 Members of Management [Line Items]
Number of Shares (in Shares)	1,250	25,000	10,000
Exercise Price (in Dollars per share)	$ 28.185	$ 30.88	$ 31.125
Grant Date Fair Value (in Dollars per share)	$ 4.02	$ 4.88	$ 5.03
Risk-Free Interest Rate	2.03%	1.98%	1.98%
Estimated Volatility	31.00%	31.00%	31.00%
Dividend Yield	4.70%	4.60%	4.50%
Expected Life (Years)	6 years 51 days	5 years 361 days	5 years 354 days
Derived Service Period (Years)	2 years 105 days	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 Members of Management [Line Items]
Number of Shares (in Shares)	1,250	25,000	10,000
Exercise Price (in Dollars per share)	$ 28.185	$ 30.88	$ 31.125
Grant Date Fair Value (in Dollars per share)	$ 3.29	$ 4.15	$ 4.27
Risk-Free Interest Rate	2.03%	1.98%	1.98%
Estimated Volatility	31.00%	31.00%	31.00%
Dividend Yield	4.70%	4.60%	4.50%
Expected Life (Years)	6 years 142 days	6 years 98 days	6 years 3 months
Derived Service Period (Years)	2 years 288 days	2 years 197 days	2 years 6 months

Note 10 - Stock Incentives (D48

Note 10 - Stock Incentives (Details) - Temporal Vesting of Exercisable Options Granted to Mr. Schoen - Employee Stock Option [Member] - Chief Executive Officer [Member]	1 Months Ended
	Apr. 30, 2014shares
Note 10 - Stock Incentives (Details) - Temporal Vesting of Exercisable Options Granted to Mr. Schoen [Line Items]
Number of options used to estimate grant date fair value of each tranche	100,000
Vesting Share Price Equivalent One [Member]
Note 10 - Stock Incentives (Details) - Temporal Vesting of Exercisable Options Granted to Mr. Schoen [Line Items]
Number of options used to estimate grant date fair value of each tranche	100,000
Vesting Share Price Equivalent Two [Member]
Note 10 - Stock Incentives (Details) - Temporal Vesting of Exercisable Options Granted to Mr. Schoen [Line Items]
Number of options used to estimate grant date fair value of each tranche	100,000
Vesting Share Price Equivalent Three [Member]
Note 10 - Stock Incentives (Details) - Temporal Vesting of Exercisable Options Granted to Mr. Schoen [Line Items]
Number of options used to estimate grant date fair value of each tranche	100,000
Vesting Share Price Equivalent Four [Member]
Note 10 - Stock Incentives (Details) - Temporal Vesting of Exercisable Options Granted to Mr. Schoen [Line Items]
Number of options used to estimate grant date fair value of each tranche	100,000

Note 10 - Stock Incentives (D49

Note 10 - Stock Incentives (Details) - Temporal Vesting of Exercisable Options Granted to Mr. Schoen (Parentheticals) - Apr. 30, 2014 - Employee Stock Option [Member] - Chief Executive Officer [Member] - $ / shares	Total
Vesting Share Price Equivalent One [Member]
Note 10 - Stock Incentives (Details) - Temporal Vesting of Exercisable Options Granted to Mr. Schoen (Parentheticals) [Line Items]
Percentage of the purchase price for the option	115.00%
Vesting Share Price Equivalent Two [Member]
Note 10 - Stock Incentives (Details) - Temporal Vesting of Exercisable Options Granted to Mr. Schoen (Parentheticals) [Line Items]
Percentage of the purchase price for the option	140.00%
Vesting Share Price Equivalent Three [Member]
Note 10 - Stock Incentives (Details) - Temporal Vesting of Exercisable Options Granted to Mr. Schoen (Parentheticals) [Line Items]
Percentage of the purchase price for the option	170.00%
Vesting Share Price Equivalent Four [Member]
Note 10 - Stock Incentives (Details) - Temporal Vesting of Exercisable Options Granted to Mr. Schoen (Parentheticals) [Line Items]
Percentage of the purchase price for the option	200.00%
Minimum [Member] | Vesting Share Price Equivalent One [Member]
Note 10 - Stock Incentives (Details) - Temporal Vesting of Exercisable Options Granted to Mr. Schoen (Parentheticals) [Line Items]
Share price required to achieve vesting	$ 34.788
Minimum [Member] | Vesting Share Price Equivalent Two [Member]
Note 10 - Stock Incentives (Details) - Temporal Vesting of Exercisable Options Granted to Mr. Schoen (Parentheticals) [Line Items]
Share price required to achieve vesting	42.35
Minimum [Member] | Vesting Share Price Equivalent Three [Member]
Note 10 - Stock Incentives (Details) - Temporal Vesting of Exercisable Options Granted to Mr. Schoen (Parentheticals) [Line Items]
Share price required to achieve vesting	51.425
Minimum [Member] | Vesting Share Price Equivalent Four [Member]
Note 10 - Stock Incentives (Details) - Temporal Vesting of Exercisable Options Granted to Mr. Schoen (Parentheticals) [Line Items]
Share price required to achieve vesting	$ 60.50

Note 10 - Stock Incentives (D50

Note 10 - Stock Incentives (Details) - Summary of Options Granted to Mr. Schoen - 6 months ended Jun. 30, 2015 - Stock Options with Market-based Vesting Conditions [Member] - Chief Executive Officer [Member] - $ / shares	Total
Share-based Compensation Award, Tranche One [Member]
Note 10 - Stock Incentives (Details) - Summary of Options Granted to Mr. Schoen [Line Items]
Number of Shares (in Shares)	100,000
Exercise Price (in Dollars per share)	$ 30.25
Grant Date Fair Value (in Dollars per share)	$ 5.18
Risk-Free Interest Rate	2.10%
Estimated Volatility	30.00%
Dividend Yield	4.60%
Expected Life in Years	4 years 361 days
Derived Service Period in Years	146 days
Share-based Compensation Award, Tranche Two [Member]
Note 10 - Stock Incentives (Details) - Summary of Options Granted to Mr. Schoen [Line Items]
Number of Shares (in Shares)	100,000
Exercise Price (in Dollars per share)	$ 30.25
Grant Date Fair Value (in Dollars per share)	$ 5.04
Risk-Free Interest Rate	2.10%
Estimated Volatility	30.00%
Dividend Yield	4.60%
Expected Life in Years	5 years 153 days
Derived Service Period in Years	1 year 3 months
Share-based Compensation Award, Tranche Three [Member]
Note 10 - Stock Incentives (Details) - Summary of Options Granted to Mr. Schoen [Line Items]
Number of Shares (in Shares)	100,000
Exercise Price (in Dollars per share)	$ 30.25
Grant Date Fair Value (in Dollars per share)	$ 4.31
Risk-Free Interest Rate	2.10%
Estimated Volatility	30.00%
Dividend Yield	4.60%
Expected Life in Years	5 years 288 days
Derived Service Period in Years	2 years
Share-based Compensation Award, Tranche Four [Member]
Note 10 - Stock Incentives (Details) - Summary of Options Granted to Mr. Schoen [Line Items]
Number of Shares (in Shares)	100,000
Exercise Price (in Dollars per share)	$ 30.25
Grant Date Fair Value (in Dollars per share)	$ 3.50
Risk-Free Interest Rate	2.10%
Estimated Volatility	30.00%
Dividend Yield	4.60%
Expected Life in Years	6 years 14 days
Derived Service Period in Years	2 years 6 months

Note 10 - Stock Incentives (D51

Note 10 - Stock Incentives (Details) - Temporal Details of Expenses Related to All Options Granted - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Stock Options with Time-based Vesting Conditions [Member]
Note 10 - Stock Incentives (Details) - Temporal Details of Expenses Related to All Options Granted [Line Items]
Compensation expense related to stock options	$ 186,000		$ 302,000	$ 187,000	$ 306,000
Stock Options with Market-based Vesting Conditions [Member]
Note 10 - Stock Incentives (Details) - Temporal Details of Expenses Related to All Options Granted [Line Items]
Compensation expense related to stock options	224,000	$ 254,000	690,000	478,000	837,000
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	$ 410,000		$ 992,000	$ 665,000	$ 1,143,000

Note 10 - Stock Incentives (D52

Note 10 - Stock Incentives (Details) - Temporal Details of Compensation Cost Expected to be Expensed - Stock Options with Market-based Vesting Conditions [Member] - USD ($)	3 Months Ended					6 Months Ended		12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2016	Dec. 31, 2015
Note 10 - Stock Incentives (Details) - Temporal Details of Compensation Cost Expected to be Expensed [Line Items]
Compensation expense recognized			$ 224,000	$ 254,000	$ 690,000	$ 478,000	$ 837,000
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						$ 195,000	$ 718,000
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			104,000	134,000
Share-based Compensation Award, Tranche Two [Member] | Scenario, Forecast [Member]
Note 10 - Stock Incentives (Details) - Temporal Details of Compensation Cost Expected to be Expensed [Line Items]
Compensation expense recognized	1,000	1,000							240,000
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			72,000	73,000
Share-based Compensation Award, Tranche Three [Member] | Scenario, Forecast [Member]
Note 10 - Stock Incentives (Details) - Temporal Details of Compensation Cost Expected to be Expensed [Line Items]
Compensation expense recognized	72,000	72,000						59,000	289,000
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			$ 48,000	$ 47,000
Share-based Compensation Award, Tranche Four [Member] | Scenario, Forecast [Member]
Note 10 - Stock Incentives (Details) - Temporal Details of Compensation Cost Expected to be Expensed [Line Items]
Compensation expense recognized	$ 47,000	$ 47,000						$ 136,000	$ 189,000

Note 11 - Major Customers and53

Note 11 - Major Customers and Concentration of Credit Risk (Details) - Accounts Receivable [Member] - Credit Concentration Risk [Member]	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Note 11 - Major Customers and Concentration of Credit Risk (Details) [Line Items]
Concentration Risk, Percentage	59.00%	52.00%
Additional Parent Roll Customer [Member]
Note 11 - Major Customers and Concentration of Credit Risk (Details) [Line Items]
Concentration Risk, Number of Customers	1
Concentration Risk, Percentage	12.00%

Note 11 - Major Customers and54

Note 11 - Major Customers and Concentration of Credit Risk (Details) - Revenue from Parent Rolls and Converted Products - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenue from External Customer [Line Items]
Net Sales	$ 42,295	$ 29,196	$ 79,710	$ 56,955
Converted Product [Member]
Revenue from External Customer [Line Items]
Net Sales	39,787	27,731	77,202	53,885
Parent Roll [Member]
Revenue from External Customer [Line Items]
Net Sales	$ 2,508	$ 1,465	$ 2,508	$ 3,070

Note 11 - Major Customers and55

Note 11 - Major Customers and Concentration of Credit Risk (Details) - Revenue from Significant Customers - Sales Revenue, Goods, Net [Member] - Customer Concentration Risk [Member]	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Concentration Risk [Line Items]
Customer Concentration Risk	57.00%	62.00%	60.00%	66.00%
Converted Product Customer 1 [Member]
Concentration Risk [Line Items]
Customer Concentration Risk	33.00%	42.00%	35.00%	46.00%
Converted Product Customer 2 [Member]
Concentration Risk [Line Items]
Customer Concentration Risk	10.00%		10.00%
Converted Product Customer 3 [Member]
Concentration Risk [Line Items]
Customer Concentration Risk		10.00%		10.00%
Converted Product Customer 4 [Member]
Concentration Risk [Line Items]
Customer Concentration Risk	14.00%	10.00%	15.00%	10.00%
[1]	Customer did not account for more than 10% of sales during the period indicated

Note 11 - Major Customers and56

Note 11 - Major Customers and Concentration of Credit Risk (Details) - Accounts Receivable for Significant Customers - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
		Jun. 30, 2015	Dec. 31, 2014
Concentration Risk [Line Items]
Concentration Risk Amount		$ 11,048	$ 9,109
Accounts Receivable [Member] | Credit Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration Risk Amount		$ 6,501	$ 4,857
Concentration Risk Percentage		59.00%	52.00%
Converted Product Customer 1 [Member] | Accounts Receivable [Member] | Credit Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration Risk Amount		$ 3,220	$ 2,634
Concentration Risk Percentage		29.00%	28.00%
Converted Product Customer 2 [Member] | Accounts Receivable [Member] | Credit Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration Risk Amount		$ 2,186	$ 1,410
Concentration Risk Percentage		20.00%	15.00%
Converted Product Customer 3 [Member] | Accounts Receivable [Member] | Credit Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration Risk Amount	[1]
Converted Product Customer 4 [Member] | Accounts Receivable [Member] | Credit Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration Risk Amount		$ 1,095	$ 813
Concentration Risk Percentage		10.00%	9.00%
[1]	Customer did not account for more than 10% of sales during the period indicated

Note 12 - Follow-On Stock Off57

Note 12 - Follow-On Stock Offering (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	6 Months Ended
	Apr. 30, 2015	Jun. 30, 2015
Note 12 - Follow-On Stock Offering (Details) [Line Items]
Proceeds from Issuance of Common Stock (in Dollars)	$ 32,200	$ 32,155
Over-Allotment Option [Member] | Underwriters [Member]
Note 12 - Follow-On Stock Offering (Details) [Line Items]
Over Allotment Option, Shares	225,000
Over Allotment Option, Expiration Date	30 days
Common Stock [Member]
Note 12 - Follow-On Stock Offering (Details) [Line Items]
Stock Issued During Period, Shares, New Issues	1,500,000
Share Price (in Dollars per share)	$ 23

Note 13 _ ODFA Pooled Financi58

Note 13 – ODFA Pooled Financing (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Note 13 – ODFA Pooled Financing (Details) [Line Items]
Other Nonoperating Income (Expense)	$ 152,000	$ 7,000	$ 338,000	$ 6,000
Oklahoma Development Finance Authority [Member]
Note 13 – ODFA Pooled Financing (Details) [Line Items]
Financing Receivable, Gross	558,000		558,000
Other Nonoperating Income (Expense)	$ 160,000		$ 345,000

Note 15 - Subsequent Events (De

Note 15 - Subsequent Events (Details)	Jul. 29, 2015$ / shares
Subsequent Event [Member]
Note 15 - Subsequent Events (Details) [Line Items]
Common Stock, Dividends, Per Share, Declared	$ 0.35