FutureFuel (FF) 10-Q 7 Aug 14 2014 Q2 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	6 Months Ended
	Jun. 30, 2014	Aug. 07, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'FUTUREFUEL CORP.	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--12-31	'
Entity Common Stock, Shares Outstanding	'	43,606,118
Amendment Flag	'false	'
Entity Central Index Key	'0001337298	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Filer Category	'Accelerated Filer	'
Entity Well-known Seasoned Issuer	'No	'
Document Period End Date	30-Jun-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'

Consolidated_Balance_Sheets_Cu

Consolidated Balance Sheets (Current Period Unaudited) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Assets	'	'
Cash and cash equivalents	$84,552	$86,463
Accounts receivable, net of allowances of $0 and $0 at June 30, 2014 and December 31, 2013, respectively	21,031	28,620
Accounts receivable – related parties	2,691	4,629
Inventory	67,341	42,164
Income tax receivable	15,761	14,732
Prepaid expenses	1,005	1,843
Marketable securities	95,308	104,271
Other current assets	1,708	566
Total current assets	289,397	283,288
Property, plant and equipment, net	129,608	128,671
Other assets	2,598	2,488
Total noncurrent assets	132,206	131,159
Total Assets	421,603	414,447
Liabilities and Stockholders’ Equity	'	'
Accounts payable	12,025	14,927
Accounts payable – related parties	6,818	857
Current deferred income tax liability	9,255	8,787
Deferred revenue – short-term	7,306	6,869
Contingent liability – short-term	1,151	1,151
Accrued expenses and other current liabilities	7,600	7,802
Accrued expenses and other current liabilities – related parties	63	3
Total current liabilities	44,218	40,396
Deferred revenue – long-term	14,519	13,522
Other noncurrent liabilities	2,703	2,690
Noncurrent deferred income tax liability	28,400	29,249
Total noncurrent liabilities	45,622	45,461
Total liabilities	89,840	85,857
Commitments and contingencies	'	'
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, none issued and outstanding	0	0
Common stock, $0.0001 par value, 75,000,000 shares authorized, 43,606,118 and 43,342,830 issued and outstanding as of June 30, 2014 and December 31, 2013, respectively	4	4
Accumulated other comprehensive income	9,183	7,436
Additional paid in capital	276,567	276,328
Retained earnings	46,009	44,822
Total stockholders’ equity	331,763	328,590
Total Liabilities and Stockholders’ Equity	$421,603	$414,447

Consolidated_Balance_Sheets_Cu1

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
Accounts receivable net allowances (in Dollars)	$0	$0
Preferred stock par value (in Dollars per share)	$0.00	$0.00
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock par value (in Dollars per share)	$0.00	$0.00
Common stock shares authorized	75,000,000	75,000,000
Common stock shares issued	43,606,118	43,342,830
Common stock shares outstanding	43,606,118	43,342,830

Consolidated_Statements_of_Ope

Consolidated Statements of Operations and Comprehensive Income (Unaudited) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenues	$66,933	$104,031	$147,236	$194,802
Revenues – related parties	1,106	2,032	3,000	3,426
Cost of goods sold	59,048	75,492	127,979	134,789
Cost of goods sold – related parties	1,427	1,725	4,096	12,345
Distribution	907	1,107	1,791	1,858
Distribution – related parties	79	113	190	229
Gross profit	6,578	27,626	16,180	49,007
Selling, general, and administrative expenses	'	'	'	'
Compensation expense (inclusive of $204 of stock based compensation for the three months ended June 30, 2014)	855	1,015	1,609	1,941
Other expense	536	762	1,167	1,268
Related party expense	147	83	211	166
Research and development expenses	869	791	1,571	1,707
	2,407	2,651	4,558	5,082
Income from operations	4,171	24,975	11,622	43,925
Interest and dividend income	1,567	1,689	3,937	2,842
Interest expense	-7	-6	-13	-12
Gain on marketable securities	2,949	2,030	2,900	2,089
Other income	-64	-34	166	-34
	4,445	3,679	6,990	4,885
Income before income taxes	8,616	28,654	18,612	48,810
Provision for income taxes	3,269	10,498	6,991	16,604
Net income	5,347	18,156	11,621	32,206
Earnings per common share	'	'	'	'
Basic (in Dollars per share)	$0.12	$0.42	$0.27	$0.75
Diluted (in Dollars per share)	$0.12	$0.42	$0.27	$0.75
Weighted average shares outstanding	'	'	'	'
Basic (in Shares)	43,352,836	43,334,441	43,348,195	43,132,398
Diluted (in Shares)	43,550,129	43,361,555	43,471,880	43,156,827
Comprehensive Income	'	'	'	'
Other comprehensive income/(loss) from unrealized net gains/(losses) on available-for-sale securities, net of tax of $1,597 in 2014 and of ($1,143) in 2013	2,511	-1,836	1,747	3,543
Comprehensive income	$7,858	$16,320	$13,368	$35,749

Consolidated_Statements_of_Ope1

Consolidated Statements of Operations and Comprehensive Income (Unaudited) (Parentheticals) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Other comprehensive income/(loss) – unrealized gains/(losses) on available-for-sale securities, tax	$1,579	($1,143)	$1,088	$2,210

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cash flows provided by operating activities	'	'
Net income	$11,621	$32,206
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation	4,527	5,384
Benefit for deferred income taxes	-1,469	-759
Change in fair value of derivative instruments	1,966	723
Impairment of fixed assets	247	382
Gain on the sale of investments	-2,900	-2,089
Losses on disposals of fixed assets	4	'
Stock based compensation	204	'
Noncash interest expense	13	12
Changes in operating assets and liabilities:	'	'
Accounts receivable	7,589	-1,844
Accounts receivable – related parties	1,938	-4,399
Inventory	-25,177	-8,634
Income tax receivable	-1,029	'
Prepaid expenses	1,052	697
Accrued interest on marketable securities	15	-200
Other assets	-110	-291
Accounts payable	-2,902	5,452
Accounts payable – related parties	5,961	-437
Income taxes payable	'	1,756
Accrued expenses and other current liabilities	-202	2,914
Accrued expenses and other current liabilities – related parties	60	100
Deferred revenue	1,434	-1,445
Net cash provided by operating activities	2,842	29,528
Cash flows from/(used in) investing activities	'	'
Collateralization of derivative instruments	-3,337	-2,189
Purchase of marketable securities	-18,247	-21,291
Proceeds from the sale of marketable securities	32,945	18,335
Capital expenditures	-5,715	-5,733
Net cash provided by/(used in) investing activities	5,646	-10,878
Cash flows from/(used in) financing activities	'	'
Proceeds from the issuance of stock	'	19,292
Minimum tax withholding on stock options exercised	-54	'
Excess tax benefits associated with stock options	89	'
Payment of dividends	-10,434	-9,534
Net cash (used in)/provided by financing activities	-10,399	9,758
Net change in cash and cash equivalents	-1,911	28,408
Cash and cash equivalents at beginning of period	86,463	58,737
Cash and cash equivalents at end of period	84,552	87,145
Cash paid for income taxes	$7,000	$13,387

Note_1_Nature_of_Operations_an

Note 1 - Nature of Operations and Basis of Presentation	6 Months Ended
	Jun. 30, 2014
Disclosure Text Block [Abstract]	'
Nature of Operations [Text Block]	'
	1)           Nature of operations and basis of presentation
	Organization
	FutureFuel Corp. (“FutureFuel ”), through its wholly-owned subsidiary, FutureFuel Chemical Company (“FutureFuel Chemical”), owns and operates a chemical production facility located on approximately 2,200 acres of land six miles southeast of Batesville in north central Arkansas fronting the White River (the “Batesville Plant”).  FutureFuel Chemical manufactures diversified chemical products, biobased products comprised of biofuels, and biobased specialty chemical products.  FutureFuel Chemical’s operations are reported in two segments: chemicals and biofuels.
	The chemicals segment manufactures a diversified listing of chemical products that are sold to third party customers.  The majority of the revenues from the chemical segment are derived from the custom manufacturing of specialty chemicals for specific customers.  Historically, the chemicals segment has relied upon two customers for a substantial amount of its revenues.
	The biofuels segment leverages the Batesville Plant’s technical and operational expertise as well as available manufacturing capacity to compete in the emerging biofuels industry.
	Basis of Presentation
	The accompanying consolidated financial statements have been prepared by FutureFuel in accordance and consistent with the accounting policies stated in FutureFuel’s 2013 audited consolidated financial statements and should be read in conjunction with the 2013 audited consolidated financial statements of FutureFuel.
	In the opinion of FutureFuel, all normal recurring adjustments necessary for a fair presentation have been included in the unaudited consolidated financial statements.  The unaudited consolidated financial statements have been prepared in compliance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) accounting principles generally accepted in the United States for interim financial information and with instructions to Form 10-Q adopted by the Securities and Exchange Commission (“SEC”).  Accordingly, the financial statements do not include all the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements, and do include amounts that are based upon management estimates and judgments.  Future actual results could differ from such current estimates.  The unaudited consolidated financial statements include assets, liabilities, revenues, and expenses of FutureFuel and its wholly owned subsidiaries, FutureFuel Chemical Company, FFC Grain, L.L.C., FutureFuel Warehouse Company, LLC, and Legacy Regional Transport, L.L.C.  Intercompany transactions and balances have been eliminated in consolidation.

Note_2_Inventory

Note 2 - Inventory	6 Months Ended
	Jun. 30, 2014
Inventory Disclosure [Abstract]	'
Inventory Disclosure [Text Block]	'
	2)            Inventory
	The carrying values of inventory were as follows as of:
		June 30,			December 31,
		2014			2013
	At average cost (approximates current cost)
	Finished goods	$	25,111		$	13,590
	Work in process		1,906			1,569
	Raw materials and supplies		50,343			36,292
			77,360			51,451
	LIFO reserve		(10,019	)		(9,287	)
	Total inventory	$	67,341		$	42,164

Note_3_Derivative_Instruments

Note 3 - Derivative Instruments

6 Months Ended

Jun. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

'

Derivative Instruments and Hedging Activities Disclosure [Text Block]

'

3)            Derivative instruments

FutureFuel is exposed to certain risks relating to its ongoing business operations.  Commodity price risk is the primary risk managed by using derivative instruments.  Regulated fixed price futures and option contracts are utilized to manage the price risk associated with future purchases of feedstock used in FutureFuel’s biodiesel production along with physical feedstock and finished product inventories attributed to this process.

FutureFuel recognizes all derivative instruments as either assets or liabilities at fair value in its consolidated balance sheet.  FutureFuel’s derivative instruments do not qualify for hedge accounting under the specific guidelines of ASC 815-20-25, Derivatives and Hedging, Hedging-General, Recognition.  While management believes these instruments are entered into in order to effectively manage various risks, none of the derivative instruments are designated and accounted for as hedges primarily as a result of the extensive record keeping requirements.

The fair value of FutureFuel’s derivative instruments is determined based on the closing prices of the derivative instruments on relevant commodity exchanges at the end of an accounting period.  Changes in fair value of the derivative instruments are recorded in the statement of operations as a component of cost of goods sold, and amounted to a loss of $232 and a gain of $2,327 for the three months ended June 30, 2014 and 2013, respectively and a loss of $294 and a gain of $3,666 for the six months ended June 30, 2014 and 2013, respectively.

The volumes and carrying values of FutureFuel’s derivative instruments were as follows at:

Asset/(Liability)

30-Jun-14

31-Dec-13

Quantity

Fair Value

Quantity

Fair Value

(Contracts) Long/

(Contracts) Long/

(Short)

(Short)

Regulated options, included in other current assets

(325

)

$

(2,378

)

(50

)

$

(328

)

Regulated fixed price future commitments, included in other current assets

(41

)

$

83

4

$

-

The margin account maintained with a broker to collateralize these derivative instruments carried an account balance of $3,817 and $479 at June 30, 2014 and December 31, 2013, respectively. The carrying values of the margin account and of the derivative instruments are included, net, in other current assets.

Note_4_Marketable_Securities

Note 4 - Marketable Securities	6 Months Ended
	Jun. 30, 2014
Disclosure Text Block Supplement [Abstract]	'
Cash, Cash Equivalents, and Marketable Securities [Text Block]	'
	4)           Marketable securities
	At June 30, 2014 and December 31, 2013, FutureFuel had investments in certain preferred stock, trust preferred securities, exchange traded debt instruments, and other equity instruments.  These investments are classified as current assets in the consolidated balance sheet.  FutureFuel has designated these securities as being available-for-sale.  Accordingly, they are recorded at fair value, with the unrealized gains and losses, net of taxes, reported as a component of stockholders’ equity.  These securities were comprised of the following at:
		30-Jun-14
		Adjusted		Unrealized		Unrealized			Fair Value
		Cost		Gains		Losses
	Equity instruments	$	41,165	$	12,218	$	(178	)	$	53,205
	Preferred stock		18,596		1,421		-			20,017
	Trust preferred securities		18,253		1,285		-			19,538
	Exchange traded debt instruments		2,387		161		-			2,548
	Total	$	80,401	$	15,085	$	(178	)	$	95,308
		31-Dec-13
		Adjusted		Unrealized		Unrealized			Fair Value
		Cost		Gains		Losses
	Equity instruments	$	51,711	$	11,597	$	(278	)	$	63,030
	Preferred stock		18,519		893		(299	)		19,113
	Trust preferred securities		19,726		386		(235	)		19,877
	Exchange traded debt instruments		2,243		34		(26	)		2,251
	Total	$	92,199	$	12,910	$	(838	)	$	104,271
	The aggregate fair value of instruments with unrealized losses totaled $2,678 and $26,321 at June 30, 2014 and December 31, 2013, respectively. As of June 30, 2014 and December 31, 2013, FutureFuel had a total of $0 and $0 invested in marketable securities that were in an unrealized loss position for a greater than 12-month period, respectively.

Note_5_Accrued_Expenses_and_Ot

Note 5 - Accrued Expenses and Other Current Liabilities	6 Months Ended
	Jun. 30, 2014
Disclosure Text Block Supplement [Abstract]	'
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	'
	5)           Accrued expenses and other current liabilities
	Accrued expenses and other current liabilities, including those associated with related parties, consisted of the following at:
		June 30,		December 31,
		2014		2013
	Accrued employee liabilities	$	5,478	$	5,010
	Accrued property, use, and franchise taxes		1,824		2,558
	Other		361		237
	Total	$	7,663	$	7,805

Note_6_Borrowings

Note 6 - Borrowings	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	6)            Borrowings
	Effective June 30, 2013, FutureFuel Chemical extended the term of its $50 million credit agreement with a commercial bank.  The loan is a revolving facility the proceeds of which may be used for working capital, capital expenditures, and the general corporate purposes of FutureFuel Chemical.  The facility terminates on June 30, 2018.  Advances are made pursuant to a borrowing base comprised of 85% of eligible accounts receivable plus 60% of eligible direct inventory plus 50% of eligible indirect inventory.  Advances are secured by a perfected first priority security interest in accounts receivable and inventory.  The interest rate floats at certain margins over the London Interbank Offered Rate (“LIBOR”) or base rate based upon the leverage ratio from time to time as set forth in the following table.
	Leverage	Base Rate	LIBOR
	Ratio	Margin	Margin
	> 3	-0.55%	1.70%
	> 2 < 3	-0.70%	1.50%
	> 1 < 2	-1.00%	1.25%
	< 1	-1.00%	1.00%
	There is an unused commitment fee of 0.25% per annum. On the last day of each fiscal quarter, the ratio of EBITDA to fixed charges may not be less than 3:1. FutureFuel has guaranteed FutureFuel Chemical’s obligations under this credit agreement.
	There were no borrowings under this credit agreement at June 30, 2014 or December 31, 2013.

Note_7_Provision_for_Income_Ta

Note 7 - Provision for Income Taxes	6 Months Ended
	Jun. 30, 2014
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	7)           Provision for income taxes
	The following table summarizes the provision for income taxes.
		For the three months ended						For the six months ended
		June 30,						June 30,
		2014			2013			2014			2013
	Provision for income taxes	$	3,269		$	10,498		$	6,991		$	16,604
	Effective tax rate		37.9	%		36.6	%		37.6	%		34	%
	The effective tax rate for the three months ended June 30, 2014 reflects our expected tax rate on reported operating earnings before income tax and reflects the elimination of the small agri-biodiesel producer tax credit and the elimination of the tax credit for increasing research activities for 2014.
	The effective tax rate for the three and six months ended June 30, 2013 reflected FutureFuel’s expected tax rate on reported operating earnings before income tax and included the impact of the retroactive reinstatement of the 2012 agri-biodiesel production tax credit, which was recognized in the three and six months ended June 30, 2013 as a discrete item.  As a result of this treatment, FutureFuel’s effective tax rate for the three and six months ended June 30, 2013 was abnormally low.
	Unrecognized tax benefits totaled $1,718 and $1,718 at June 30, 2014 and December 31, 2013, respectively.
	FutureFuel records interest and penalties net as a component of income tax expense.  At June 30, 2014 and December 31, 2013, respectively, FutureFuel recorded $0 and $0 in accruals for interest and tax penalties.
	FutureFuel and its subsidiaries file tax returns in the U.S. federal jurisdiction and with various state jurisdictions.  FutureFuel is subject to U.S., state, and local examinations by tax authorities from 2010 forward.  FutureFuel Chemical is subject to the effects of tax examinations that may impact the carry-over basis of its assets and liabilities.

Note_8_Earnings_Per_Share

Note 8 - Earnings Per Share	6 Months Ended
	Jun. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	8)           Earnings per share
	The computation of basic and diluted earnings per common share was as follows:
		For the three months ended				For the six months ended
		June 30,				June 30,
		2014		2013		2014		2013
	Net income available to common stockholders	$	5,347	$	18,156	$	11,621	$	32,206
	Weighted average number of common shares outstanding		43,352,836		43,334,441		43,348,195		43,132,398
	Effect of stock options and other awards		197,293		27,114		123,685		24,429
	Weighted average diluted number of common shares outstanding		43,550,129		43,361,555		43,471,880		43,156,827
	Basic earnings per share	$	0.12	$	0.42	$	0.27	$	0.75
	Diluted earnings per share	$	0.12	$	0.42	$	0.27	$	0.75
	No options to purchase shares of FutureFuel’s common stock were excluded from the computation of diluted earnings
	per share for the three and six months ended June 30, 2014 or 2013.

Note_9_Segment_Information

Note 9 - Segment Information	6 Months Ended
	Jun. 30, 2014
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
	9)           Segment information
	FutureFuel has two reportable segments organized along product lines – chemicals and biofuels.
	Chemicals
	FutureFuel’s chemicals segment manufactures diversified chemical products that are sold externally to third party customers.  This segment comprises two components: “custom manufacturing” (manufacturing chemicals for specific customers); and “performance chemicals” (multi-customer specialty chemicals).
	Biofuels
	FutureFuel’s biofuels business segment primarily manufactures and markets biodiesel.  Biodiesel revenues are generated through the sale of biodiesel to customers through FutureFuel’s distribution network at the Batesville Plant, through distribution facilities available at leased oil storage facilities, and through a network of remotely located tanks.  Results of the biofuels business segment also reflect the sale of biodiesel blends with petrodiesel, petrodiesel with no biodiesel added, RINs, biodiesel production byproducts and the purchase and sale of other petroleum products.
	Summary of long-lived assets and revenues by geographic area
	All of FutureFuel’s long-lived assets are located in the U.S.
	Most of FutureFuel’s sales are transacted with title passing at the time of shipment from the Batesville Plant, although some sales are transacted based on title passing at the delivery point.  While many of FutureFuel’s chemicals are utilized to manufacture products that are shipped, further processed, and/or consumed throughout the world, the chemical products, with limited exceptions, generally leave the United States only after ownership has transferred from FutureFuel to the customer.  Rarely is FutureFuel the exporter of record, never is FutureFuel the importer of record into foreign countries, and FutureFuel is not always aware of the exact quantities of its products that are moved into foreign markets by its customers.  FutureFuel does track the addresses of its customers for invoicing purposes and uses this address to determine whether a particular sale is within or without the United States.  FutureFuel’s revenues attributable to the United States and foreign countries (based upon the billing addresses of its customers) were as follows:
	Three Months Ended	United States			All Foreign			Total
					Countries
	30-Jun-14	$	66,461		$	1,578		$	68,039
	30-Jun-13	$	102,901		$	3,162		$	106,063
	Six Months Ended	United States			All Foreign			Total
					Countries
	30-Jun-14	$	146,389		$	3,848		$	150,236
	30-Jun-13	$	190,879		$	7,349		$	198,228
	For the three months ended June 30, 2014 and 2013, revenues from Mexico accounted for 2% and 3%, respectively, of total revenues. For the six months ended June 30, 2014 and 2013, revenues from Mexico accounted for 2% and 3%, respectively, of total revenues. Other than Mexico, revenues from a single foreign country during the three and six months ended June 30, 2014 and June 30, 2013 did not exceed 1% of total revenues.
	Summary of business by segment
		For the three months ended						For the six months ended
		June 30,						June 30,
		2014			2013			2014			2013
	Revenues
	Chemicals	$	32,609		$	42,026		$	62,885		$	82,162
	Biofuels		35,430			64,037			87,351			116,066
	Revenues	$	68,039		$	106,063		$	150,236		$	198,228
	Segment gross profit
	Chemicals	$	7,131		$	14,784		$	16,165		$	27,850
	Biofuels		(553	)		12,842			15			21,157
	Segment gross margins		6,578			27,626			16,180			49,007
	Corporate expenses		(2,407	)		(2,651	)		(4,558	)		(5,082	)
	Income before interest and taxes		4,171			24,975			11,622			43,925
	Interest and other income		4,516			3,719			7,003			4,931
	Interest and other expense		(71	)		(40	)		(13	)		(46	)
	Provision for income taxes		(3,269	)		(10,498	)		(6,991	)		(16,604	)
	Net income	$	5,347		$	18,156		$	11,621		$	32,206
	Depreciation is allocated to segment costs of goods sold based on plant usage. The total assets and capital expenditures of FutureFuel have not been allocated to individual segments as large portions of these assets are shared to varying degrees by each segment, causing such an allocation to be of little value.

Note_10_Fair_Value_Measurement

Note 10 - Fair Value Measurements	6 Months Ended
	Jun. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures [Text Block]	'
	10)          Fair value measurements
	Fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date.  Fair value accounting pronouncements also include a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available.  Observable inputs are inputs market participants would use in valuing the asset or liability developed based on market data obtained from sources independent of FutureFuel.  Unobservable inputs are inputs that reflect FutureFuel’s assumptions about the factors market participants would use in valuing the asset or liability developed based upon the best information available in the circumstances.  The hierarchy is broken down into three levels.  Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities.  Level 2 inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs (other than quoted prices) that are observable for the asset or liability, either directly or indirectly.  Level 3 inputs are unobservable inputs for the asset or liability.  Categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.
	The following tables provide information by level for assets and liabilities that are measured at fair value, on a recurring basis, at June 30, 2014 and December 31, 2013.
		Asset/(Liability)
		Fair Value at			Fair Value Measurements Using
		June 30,			Inputs Considered as
	Description	2014			Level 1			Level 2		Level 3
	Derivative instruments	$	2,295		$	2,295		$	-	$	-
	Preferred stock, trust preferred securities, exchange traded debt instruments, and other equity instruments	$	95,308		$	95,308		$	-	$	-
		Asset/(Liability)
		Fair Value at			Fair Value Measurements Using
		December 31,			Inputs Considered as
	Description	2013			Level 1			Level 2		Level 3
	Derivative instruments	$	(328	)	$	(328	)	$	-	$	-
	Preferred stock, trust preferred securities, exchange traded debt instruments, and other equity instruments	$	104,271		$	104,271		$	-	$	-

Note_11_Reclassifications_from

Note 11 - Reclassifications from Accumulated Other Comprehensive Income	6 Months Ended
	Jun. 30, 2014
Disclosure Text Block [Abstract]	'
Comprehensive Income (Loss) Note [Text Block]	'
	11)         Reclassifications from accumulated other comprehensive income:
	The following tables summarizes changes in accumulated other comprehensive income from unrealized gains and losses on available-for-sale securities.
	Changes in Accumulated Other Comprehensive Income
	Unrealized Gains and Losses on Available-for-Sale Securities
	For The Three Months Ended June 30, 2014
	(net of tax)
	Balance at March 31, 2014	$	6,672
	Other comprehensive income before reclassifications		6,042
	Amounts reclassified from accumulated other comprehensive income		(3,531	)
	Net current-period other comprehensive income		2,511
	Balance at June 30, 2014	$	9,183
	Changes in Accumulated Other Comprehensive Income
	Unrealized Gains and Losses on Available-for-Sale Securities
	For The Six Months Ended June 30, 2014
	(net of tax)
	Balance at December 31, 2013	$	7,436
	Other comprehensive income before reclassifications		5,266
	Amounts reclassified from accumulated other comprehensive income		(3,519	)
	Net current-period other comprehensive income		1,747
	Balance at June 30, 2014	$	9,183
	The following tables summarizes amounts reclassified from accumulated other comprehensive income in the three and six months ended June 30, 2014:
	Reclassifications from Accumulated Other Comprehensive Income
					Three Months Ended June 30, 2014			Six Months Ended June 30, 2014			Affected Line Item in Statement of Operations
	Unrealized gains on available-for-sale securities				$	5,732		$	5,713		Gain on marketable securities
	Total before tax					5,732			5,713
	Tax expense					(2,201	)		(2,194	)
	Total reclassifications				$	3,531		$	3,519

Note_12_Legal_Matters

Note 12 - Legal Matters	6 Months Ended
	Jun. 30, 2014
Disclosure Text Block Supplement [Abstract]	'
Legal Matters and Contingencies [Text Block]	'
	12)          Legal matters
	From time to time, FutureFuel and its operations are parties to, or targets of, lawsuits, claims, investigations, regulatory matters, and proceedings, which are being handled and defended in the ordinary course of business.  While FutureFuel is unable to predict the outcomes of these matters, it does not believe, based upon currently available facts, that the ultimate resolution of any such pending matters will have a material adverse effect on its overall financial condition, results of operations, or cash flows.  However, adverse developments could negatively impact earnings or cash flows in a particular future period.

Note_13_Related_Party_Transact

Note 13 - Related Party Transactions	6 Months Ended
	Jun. 30, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	13)         Related party transactions
	FutureFuel enters into transactions with companies affiliated with or controlled by a director and significant shareholder.  Revenues, expenses, prepaid amounts, and unpaid amounts related to these transactions are captured in the accompanying consolidated financial statements as related party line items.
	Related party revenues are the result of sales of biodiesel, petrodiesel, blends, other petroleum products and other similar or related products to these related parties.
	Related party cost of goods sold and distribution are the result of sales of biodiesel, petrodiesel, blends, and other petroleum products to these related parties along with the associated expense from the purchase of natural gas, storage and terminalling services, income tax, and consulting services by FutureFuel from these related parties.

Note_2_Inventory_Tables

Note 2 - Inventory (Tables)	6 Months Ended
	Jun. 30, 2014
Inventory Disclosure [Abstract]	'
Schedule of Inventory, Current [Table Text Block]	'
		June 30,			December 31,
		2014			2013
	At average cost (approximates current cost)
	Finished goods	$	25,111		$	13,590
	Work in process		1,906			1,569
	Raw materials and supplies		50,343			36,292
			77,360			51,451
	LIFO reserve		(10,019	)		(9,287	)
	Total inventory	$	67,341		$	42,164

Note_3_Derivative_Instruments_

Note 3 - Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Schedule of Derivative Instruments [Table Text Block]	'
		Asset/(Liability)
		30-Jun-14						31-Dec-13
		Quantity			Fair Value			Quantity			Fair Value
		(Contracts) Long/						(Contracts) Long/
		(Short)						(Short)
	Regulated options, included in other current assets		(325	)	$	(2,378	)		(50	)	$	(328	)
	Regulated fixed price future commitments, included in other current assets		(41	)	$	83			4		$	-

Note_4_Marketable_Securities_T

Note 4 - Marketable Securities (Tables)	6 Months Ended
	Jun. 30, 2014
Disclosure Text Block Supplement [Abstract]	'
Marketable Securities [Table Text Block]	'
		30-Jun-14
		Adjusted		Unrealized		Unrealized			Fair Value
		Cost		Gains		Losses
	Equity instruments	$	41,165	$	12,218	$	(178	)	$	53,205
	Preferred stock		18,596		1,421		-			20,017
	Trust preferred securities		18,253		1,285		-			19,538
	Exchange traded debt instruments		2,387		161		-			2,548
	Total	$	80,401	$	15,085	$	(178	)	$	95,308
		31-Dec-13
		Adjusted		Unrealized		Unrealized			Fair Value
		Cost		Gains		Losses
	Equity instruments	$	51,711	$	11,597	$	(278	)	$	63,030
	Preferred stock		18,519		893		(299	)		19,113
	Trust preferred securities		19,726		386		(235	)		19,877
	Exchange traded debt instruments		2,243		34		(26	)		2,251
	Total	$	92,199	$	12,910	$	(838	)	$	104,271

Note_5_Accrued_Expenses_and_Ot1

Note 5 - Accrued Expenses and Other Current Liabilities (Tables)	6 Months Ended
	Jun. 30, 2014
Disclosure Text Block Supplement [Abstract]	'
Schedule of Accrued Liabilities [Table Text Block]	'
		June 30,		December 31,
		2014		2013
	Accrued employee liabilities	$	5,478	$	5,010
	Accrued property, use, and franchise taxes		1,824		2,558
	Other		361		237
	Total	$	7,663	$	7,805

Note_6_Borrowings_Tables

Note 6 - Borrowings (Tables)	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Schedule of Long-term Debt Instruments [Table Text Block]	'
	Leverage	Base Rate	LIBOR
	Ratio	Margin	Margin
	> 3	-0.55%	1.70%
	> 2 < 3	-0.70%	1.50%
	> 1 < 2	-1.00%	1.25%
	< 1	-1.00%	1.00%

Note_7_Provision_for_Income_Ta1

Note 7 - Provision for Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2014
Income Tax Disclosure [Abstract]	'
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	'
		For the three months ended						For the six months ended
		June 30,						June 30,
		2014			2013			2014			2013
	Provision for income taxes	$	3,269		$	10,498		$	6,991		$	16,604
	Effective tax rate		37.9	%		36.6	%		37.6	%		34	%

Note_8_Earnings_Per_Share_Tabl

Note 8 - Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2014
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
		For the three months ended				For the six months ended
		June 30,				June 30,
		2014		2013		2014		2013
	Net income available to common stockholders	$	5,347	$	18,156	$	11,621	$	32,206
	Weighted average number of common shares outstanding		43,352,836		43,334,441		43,348,195		43,132,398
	Effect of stock options and other awards		197,293		27,114		123,685		24,429
	Weighted average diluted number of common shares outstanding		43,550,129		43,361,555		43,471,880		43,156,827
	Basic earnings per share	$	0.12	$	0.42	$	0.27	$	0.75
	Diluted earnings per share	$	0.12	$	0.42	$	0.27	$	0.75

Note_9_Segment_Information_Tab

Note 9 - Segment Information (Tables)	6 Months Ended
	Jun. 30, 2014
Segment Reporting [Abstract]	'
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block]	'
	Three Months Ended	United States			All Foreign			Total
					Countries
	30-Jun-14	$	66,461		$	1,578		$	68,039
	30-Jun-13	$	102,901		$	3,162		$	106,063
	Six Months Ended	United States			All Foreign			Total
					Countries
	30-Jun-14	$	146,389		$	3,848		$	150,236
	30-Jun-13	$	190,879		$	7,349		$	198,228
Schedule of Segment Reporting Information, by Segment [Table Text Block]	'
		For the three months ended						For the six months ended
		June 30,						June 30,
		2014			2013			2014			2013
	Revenues
	Chemicals	$	32,609		$	42,026		$	62,885		$	82,162
	Biofuels		35,430			64,037			87,351			116,066
	Revenues	$	68,039		$	106,063		$	150,236		$	198,228
	Segment gross profit
	Chemicals	$	7,131		$	14,784		$	16,165		$	27,850
	Biofuels		(553	)		12,842			15			21,157
	Segment gross margins		6,578			27,626			16,180			49,007
	Corporate expenses		(2,407	)		(2,651	)		(4,558	)		(5,082	)
	Income before interest and taxes		4,171			24,975			11,622			43,925
	Interest and other income		4,516			3,719			7,003			4,931
	Interest and other expense		(71	)		(40	)		(13	)		(46	)
	Provision for income taxes		(3,269	)		(10,498	)		(6,991	)		(16,604	)
	Net income	$	5,347		$	18,156		$	11,621		$	32,206

Note_10_Fair_Value_Measurement1

Note 10 - Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	'
		Asset/(Liability)
		Fair Value at			Fair Value Measurements Using
		June 30,			Inputs Considered as
	Description	2014			Level 1			Level 2		Level 3
	Derivative instruments	$	2,295		$	2,295		$	-	$	-
	Preferred stock, trust preferred securities, exchange traded debt instruments, and other equity instruments	$	95,308		$	95,308		$	-	$	-
		Asset/(Liability)
		Fair Value at			Fair Value Measurements Using
		December 31,			Inputs Considered as
	Description	2013			Level 1			Level 2		Level 3
	Derivative instruments	$	(328	)	$	(328	)	$	-	$	-
	Preferred stock, trust preferred securities, exchange traded debt instruments, and other equity instruments	$	104,271		$	104,271		$	-	$	-

Note_11_Reclassifications_from1

Note 11 - Reclassifications from Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2014
Disclosure Text Block [Abstract]	'
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	'
	Changes in Accumulated Other Comprehensive Income
	Unrealized Gains and Losses on Available-for-Sale Securities
	For The Three Months Ended June 30, 2014
	(net of tax)
	Balance at March 31, 2014	$	6,672
	Other comprehensive income before reclassifications		6,042
	Amounts reclassified from accumulated other comprehensive income		(3,531	)
	Net current-period other comprehensive income		2,511
	Balance at June 30, 2014	$	9,183
	Changes in Accumulated Other Comprehensive Income
	Unrealized Gains and Losses on Available-for-Sale Securities
	For The Six Months Ended June 30, 2014
	(net of tax)
	Balance at December 31, 2013	$	7,436
	Other comprehensive income before reclassifications		5,266
	Amounts reclassified from accumulated other comprehensive income		(3,519	)
	Net current-period other comprehensive income		1,747
	Balance at June 30, 2014	$	9,183
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	'
	Reclassifications from Accumulated Other Comprehensive Income
					Three Months Ended June 30, 2014			Six Months Ended June 30, 2014			Affected Line Item in Statement of Operations
	Unrealized gains on available-for-sale securities				$	5,732		$	5,713		Gain on marketable securities
	Total before tax					5,732			5,713
	Tax expense					(2,201	)		(2,194	)
	Total reclassifications				$	3,531		$	3,519

Note_1_Nature_of_Operations_an1

Note 1 - Nature of Operations and Basis of Presentation (Details)	6 Months Ended
	Jun. 30, 2014
Note 1 - Nature of Operations and Basis of Presentation (Details) [Line Items]	'
Number of Operating Segments	2
ARKANSAS	'
Note 1 - Nature of Operations and Basis of Presentation (Details) [Line Items]	'
Area of Land	2,200

Note_2_Inventory_Details_Carry

Note 2 - Inventory (Details) - Carrying Values of Inventory (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
At average cost (approximates current cost)	'	'
Finished goods	$25,111	$13,590
Work in process	1,906	1,569
Raw materials and supplies	50,343	36,292
	77,360	51,451
LIFO reserve	-10,019	-9,287
Total inventory	$67,341	$42,164

Note_3_Derivative_Instruments_1

Note 3 - Derivative Instruments (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'	'	'	'	'
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	($232,000)	$2,327,000	($294)	$3,666	'
Restricted Cash and Cash Equivalents	$3,817,000	'	$3,817,000	'	$479,000

Note_3_Derivative_Instruments_2

Note 3 - Derivative Instruments (Details) - Carrying Value of Derivative Instruments (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Commodity Option [Member]	'	'
Derivative [Line Items]	'	'
Quantity (Contracts) Long/(Short)	-325	-50
Fair Value (in Dollars)	($2,378)	($328)
Future [Member]	'	'
Derivative [Line Items]	'	'
Quantity (Contracts) Long/(Short)	-41	4
Fair Value (in Dollars)	$83	'

Note_4_Marketable_Securities_D

Note 4 - Marketable Securities (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Disclosure Text Block Supplement [Abstract]	'	'
Investments, Fair Value Disclosure	$2,678	$26,321
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	$0	$0

Note_4_Marketable_Securities_D1

Note 4 - Marketable Securities (Details) - Marketable Securities (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Note 4 - Marketable Securities (Details) - Marketable Securities [Line Items]	'	'
Adjusted cost	$80,401	$92,199
Unrealized Gains	15,085	12,910
Unrealized Losses	-178	-838
Fair Value	95,308	104,271
Equity Securities [Member]	'	'
Note 4 - Marketable Securities (Details) - Marketable Securities [Line Items]	'	'
Adjusted cost	41,165	51,711
Unrealized Gains	12,218	11,597
Unrealized Losses	-178	-278
Fair Value	53,205	63,030
Preferred Stock [Member]	'	'
Note 4 - Marketable Securities (Details) - Marketable Securities [Line Items]	'	'
Adjusted cost	18,596	18,519
Unrealized Gains	1,421	893
Unrealized Losses	'	-299
Fair Value	20,017	19,113
Trust Preferred Securities [Member]	'	'
Note 4 - Marketable Securities (Details) - Marketable Securities [Line Items]	'	'
Adjusted cost	18,253	19,726
Unrealized Gains	1,285	386
Unrealized Losses	'	-235
Fair Value	19,538	19,877
Debt Securities [Member]	'	'
Note 4 - Marketable Securities (Details) - Marketable Securities [Line Items]	'	'
Adjusted cost	2,387	2,243
Unrealized Gains	161	34
Unrealized Losses	'	-26
Fair Value	$2,548	$2,251

Note_5_Accrued_Expenses_and_Ot2

Note 5 - Accrued Expenses and Other Current Liabilities (Details) - Accrued Expenses and Other Current Liabilities (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Accrued Expenses and Other Current Liabilities [Abstract]	'	'
Accrued employee liabilities	$5,478	$5,010
Accrued property, use, and franchise taxes	1,824	2,558
Other	361	237
Total	$7,600	$7,802

Note_6_Borrowings_Details

Note 6 - Borrowings (Details) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)	$50
Line of Credit Facility, Borrowing Capacity, Description	'Advances are made pursuant to a borrowing base comprised of 85% of eligible accounts receivable plus 60% of eligible direct inventory plus 50% of eligible indirect inventory. Advances are secured by a perfected first priority security interest in accounts receivable and inventory
Line of Credit Facility, Borrowing Base, Percentage of Eligible Accounts Receivable	85.00%
Line of Credit Facility, Borrowing Base, Percentage of Eligible Direct Inventory	60.00%
Line of Credit Facility, Borrowing Base, Percentage of Eligible Indirect Inventory	50.00%
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.25%
Ratio of EBITDA to Fixed Charges	3

Note_6_Borrowings_Details_Leve

Note 6 - Borrowings (Details) - Leverage Ratio	6 Months Ended
	Jun. 30, 2014
Leverage Ratio 1 [Member] | Base Rate [Member]	'
Debt Instrument [Line Items]	'
Variable Rate Margin	-0.55%
Leverage Ratio 1 [Member] | London Interbank Offered Rate (LIBOR) [Member]	'
Debt Instrument [Line Items]	'
Variable Rate Margin	1.70%
Leverage Ratio 2 [Member] | Base Rate [Member]	'
Debt Instrument [Line Items]	'
Variable Rate Margin	-0.70%
Leverage Ratio 2 [Member] | London Interbank Offered Rate (LIBOR) [Member]	'
Debt Instrument [Line Items]	'
Variable Rate Margin	1.50%
Leverage Ratio 3 [Member] | Base Rate [Member]	'
Debt Instrument [Line Items]	'
Variable Rate Margin	-1.00%
Leverage Ratio 3 [Member] | London Interbank Offered Rate (LIBOR) [Member]	'
Debt Instrument [Line Items]	'
Variable Rate Margin	1.25%
Leverage Ratio 4 [Member] | Base Rate [Member]	'
Debt Instrument [Line Items]	'
Variable Rate Margin	-1.00%
Leverage Ratio 4 [Member] | London Interbank Offered Rate (LIBOR) [Member]	'
Debt Instrument [Line Items]	'
Variable Rate Margin	1.00%

Note_7_Provision_for_Income_Ta2

Note 7 - Provision for Income Taxes (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'	'
Unrecognized Tax Benefits	$1,718,000	$1,718,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$0	$0

Note_7_Provision_for_Income_Ta3

Note 7 - Provision for Income Taxes (Details) - Summary of Provisions for Income Taxes (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Summary of Provisions for Income Taxes [Abstract]	'	'	'	'
Provision for income taxes	$3,269	$10,498	$6,991	$16,604
Effective tax rate	37.90%	36.60%	37.60%	34.00%

Note_8_Earnings_Per_Share_Deta

Note 8 - Earnings Per Share (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Earnings Per Share [Abstract]	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0	0	0

Note_8_Earnings_Per_Share_Deta1

Note 8 - Earnings Per Share (Details) - Computation of Basic and Diluted Earnings Per Common Share (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Computation of Basic and Diluted Earnings Per Common Share [Abstract]	'	'	'	'
Net income available to common stockholders (in Dollars)	$5,347	$18,156	$11,621	$32,206
Weighted average number of common shares outstanding	43,352,836	43,334,441	43,348,195	43,132,398
Effect of stock options and other awards	197,293	27,114	123,685	24,429
Weighted average diluted number of common shares outstanding	43,550,129	43,361,555	43,471,880	43,156,827
Basic earnings per share (in Dollars per share)	$0.12	$0.42	$0.27	$0.75
Diluted earnings per share (in Dollars per share)	$0.12	$0.42	$0.27	$0.75

Note_9_Segment_Information_Det

Note 9 - Segment Information (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Note 9 - Segment Information (Details) [Line Items]	'	'	'	'
Number of Reportable Segments	'	'	2	'
Chemicals [Member]	'	'	'	'
Note 9 - Segment Information (Details) [Line Items]	'	'	'	'
Number of Reportable Segments	'	'	2	'
Sales Revenue, Goods, Net [Member] | Geographic Concentration Risk [Member] | MEXICO	'	'	'	'
Note 9 - Segment Information (Details) [Line Items]	'	'	'	'
Concentration Risk, Percentage	2.00%	3.00%	2.00%	3.00%
Sales Revenue, Goods, Net [Member] | Geographic Concentration Risk [Member] | Other Countries [Member]	'	'	'	'
Note 9 - Segment Information (Details) [Line Items]	'	'	'	'
Concentration Risk, Percentage	1.00%	1.00%	1.00%	1.00%

Note_9_Segment_Information_Det1

Note 9 - Segment Information (Details) - Revenues by Geographical Areas (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Note 9 - Segment Information (Details) - Revenues by Geographical Areas [Line Items]	'	'	'	'
Revenues	$68,039	$106,063	$150,236	$198,228
Reportable Geographical Components [Member] | UNITED STATES	'	'	'	'
Note 9 - Segment Information (Details) - Revenues by Geographical Areas [Line Items]	'	'	'	'
Revenues	66,461	102,901	146,389	190,879
Reportable Geographical Components [Member] | All Foreign Countries [Member]	'	'	'	'
Note 9 - Segment Information (Details) - Revenues by Geographical Areas [Line Items]	'	'	'	'
Revenues	$1,578	$3,162	$3,848	$7,349

Note_9_Segment_Information_Det2

Note 9 - Segment Information (Details) - Summary of Business by Segment (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Segment Reporting Information [Line Items]	'	'	'	'
Total Revenues	$68,039	$106,063	$150,236	$198,228
Segment gross margins	6,578	27,626	16,180	49,007
Income before interest and taxes	4,171	24,975	11,622	43,925
Interest and other income	4,516	3,719	7,003	4,931
Interest and other expense	-71	-40	-13	-46
Provision for income taxes	-3,269	-10,498	-6,991	-16,604
Net income	5,347	18,156	11,621	32,206
Operating Segments [Member] | Chemicals [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Total Revenues	32,609	42,026	62,885	82,162
Segment gross margins	7,131	14,784	16,165	27,850
Operating Segments [Member] | Biofuels [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Total Revenues	35,430	64,037	87,351	116,066
Segment gross margins	-553	12,842	15	21,157
Corporate, Non-Segment [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Corporate expenses	($2,407)	($2,651)	($4,558)	($5,082)

Note_10_Fair_Value_Measurement2

Note 10 - Fair Value Measurements (Details) - Assets and Liiabilities Measured at Fair Value on Recurring Basis (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Note 10 - Fair Value Measurements (Details) - Assets and Liiabilities Measured at Fair Value on Recurring Basis [Line Items]	'	'
Derivative instruments	$2,295	($328)
Preferred stock, trust preferred securities, and other equity instruments	95,308	104,271
Fair Value, Inputs, Level 1 [Member]	'	'
Note 10 - Fair Value Measurements (Details) - Assets and Liiabilities Measured at Fair Value on Recurring Basis [Line Items]	'	'
Derivative instruments	2,295	-328
Preferred stock, trust preferred securities, and other equity instruments	$95,308	$104,271

Note_11_Reclassifications_from2

Note 11 - Reclassifications from Accumulated Other Comprehensive Income (Details) - Changes in Accumulated Other Comprehensive Income (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Changes in Accumulated Other Comprehensive Income [Abstract]	'	'	'	'
Balance at Beginning of Period	$6,672	'	$7,436	'
Other comprehensive loss before reclassifications	6,042	'	5,266	'
Amounts reclassified from accumulated other comprehensive loss	-3,531	'	-3,519	'
Net current-period other comprehensive loss	2,511	-1,836	1,747	3,543
Balance at End of Period	$9,183	'	$9,183	'

Note_11_Reclassifications_from3

Note 11 - Reclassifications from Accumulated Other Comprehensive Income (Details) - Reclassifications from Accumulated Other Comprehensive Income (USD $)	3 Months Ended	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2014
Reclassifications from Accumulated Other Comprehensive Income [Abstract]	'	'
Unrealized gains on available-for-sale securities	$5,732	$5,713
Total before tax	5,732	5,713
Tax expense	-2,201	-2,194
Total reclassifications	$3,531	$3,519