FutureFuel (FF) 10-Q 11 May 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2015	11-May-15
Document and Entity Information [Abstract]
Entity Registrant Name	FUTUREFUEL CORP.
Document Type	10-Q
Current Fiscal Year End Date	-19
Entity Common Stock, Shares Outstanding		43,722,388
Amendment Flag	FALSE
Entity Central Index Key	1337298
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

Consolidated_Balance_Sheets_Cu

Consolidated Balance Sheets (Current Period Unaudited) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Assets
Cash and cash equivalents	$160,444	$124,079
Accounts receivable, inclusive of BTC of $0 and $28,954, net of allowances of $0 and $0 at March 31, 2015 and December 31, 2014, respectively	16,426	50,135
Accounts receivable – related parties	69	1,173
Inventory	64,440	45,353
Income tax receivable	9,844	19,716
Prepaid expenses	1,320	1,670
Prepaid expenses – related parties	23
Marketable securities	82,381	87,720
Other current assets	1,959	1,619
Total current assets	336,906	331,465
Property, plant and equipment, net	127,565	127,371
Other assets	2,982	2,652
Total noncurrent assets	130,547	130,023
Total Assets	467,453	461,488
Liabilities and Stockholders’ Equity
Accounts payable	34,143	30,386
Accounts payable – related parties	5	2,912
Current deferred income tax liability	4,744	11,003
Deferred revenue – short-term	4,756	1,940
Contingent liability – short-term	1,151	1,151
Accrued expenses and other current liabilities	7,349	4,649
Accrued expenses and other current liabilities – related parties	415	46
Total current liabilities	52,563	52,087
Deferred revenue – long-term	15,979	15,927
Other noncurrent liabilities	4,046	4,024
Noncurrent deferred income tax liability	30,494	30,441
Total noncurrent liabilities	50,519	50,392
Total liabilities	103,082	102,479
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, 43,722,388 issued and outstanding as of March 31, 2015 and December 31, 2014, respectively	4	4
Accumulated other comprehensive income	3,658	4,259
Additional paid in capital	278,107	277,652
Retained earnings	82,602	77,094
Total stockholders’ equity	364,371	359,009
Total Liabilities and Stockholders’ Equity	$467,453	$461,488

Consolidated_Balance_Sheets_Cu1

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, except Share data, unless otherwise specified
Accounts receivable net allowances (in Dollars)	$0	$28,954
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	43,722,388	43,722,388
Common stock shares outstanding	43,722,388	43,722,388

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations and Comprehensive Income Loss Previous Period Reclassified (Unaudited) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Revenues	$49,815	$80,303
Revenues – related parties	4,272	1,894
Cost of goods sold	38,310	51,087
Cost of goods sold – related parties	1,744	20,513
Distribution	648	884
Distribution – related parties	71	111
Gross profit	13,314	9,602
Selling, general, and administrative expenses
Compensation expense	1,153	754
Other expense	609	631
Related party expense	60	64
Research and development expenses	715	702
	2,537	2,151
Income from operations	10,777	7,451
Interest and dividend income	1,267	2,370
Interest expense	-6	-6
Gain (loss) on marketable securities	1,020	-49
Other income (expense)	-44	230
	2,237	2,545
Income before income taxes	13,014	9,996
Provision for income taxes	4,883	3,722
Net income	8,131	6,274
Earnings per common share
Basic (in Dollars per share)	$0.19	$0.14
Diluted (in Dollars per share)	$0.19	$0.14
Weighted average shares outstanding
Basic (in Shares)	43,372,388	43,343,502
Diluted (in Shares)	43,382,283	43,393,580
Comprehensive Income
Net income	8,131	6,274
Other comprehensive income (loss) from unrealized net losses on available-for-sale securities, net of tax of $(375) in 2015 and of $(477) in 2014	-601	-764
Comprehensive income	$7,530	$5,510

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Operations and Comprehensive Income Loss Previous Period Reclassified (Unaudited) (Parentheticals) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Other comprehensive income (loss) – unrealized net losses on available-for-sale securities, tax	($375)	($477)

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Cash flows provided by operating activities
Net income	$8,131,000	$6,274,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	2,301,000	2,360,000
Benefit for deferred income taxes	-5,831,000	-1,724,000
Change in fair value of derivative instruments	4,653,000	404,000
Other than temporary impairment of marketable securities	186,000
Loss (gain) on the sale of investments	-1,207,000	49,000
Stock based compensation	477,000
Losses on disposals of fixed assets	44,000	5,000
Noncash interest expense	6,000	6,000
Changes in operating assets and liabilities:
Accounts receivable	33,709,000	11,247,000
Accounts receivable – related parties	1,104,000	504,000
Inventory	-19,087,000	-319,000
Income tax receivable	9,872,000	5,240,000
Prepaid expenses	350,000	346,000
Prepaid expenses – related party	-23,000	187,000
Accrued interest on marketable securities	-56,000
Other assets	-330,000	-179,000
Accounts payable	3,757,000	-2,532,000
Accounts payable – related parties	-2,907,000	8,198,000
Accrued expenses and other current liabilities	2,700,000	-634,000
Accrued expenses and other current liabilities – related parties	369,000	28,000
Deferred revenue	2,868,000	1,998,000
Other noncurrent liabilities	16,000
Net cash provided by operating activities	41,102,000	31,458,000
Cash flows from investing activities
Collateralization of derivative instruments	-4,937,000	-1,435,000
Purchase of marketable securities	-13,324,000	-7,677,000
Proceeds from the sale of marketable securities	18,708,000	388,000
Capital expenditures	-2,539,000	-2,682,000
Net cash used in investing activities	-2,092,000	-11,406,000
Cash flows from financing activities
Minimum tax withholding on stock options exercised	-22,000	-54,000
Excess tax benefits associated with stock options		44,000
Payment of dividends	-2,623,000	-5,201,000
Net cash used in financing activities	-2,645,000	-5,211,000
Net change in cash and cash equivalents	36,365,000	14,841,000
Cash and cash equivalents at beginning of period	124,079,000	86,463,000
Cash and cash equivalents at end of period	160,444,000	101,304,000
Cash paid for interest	0	0
Cash paid for income taxes	$827,000	$162,000

Note_1_Nature_of_Operations_an

Note 1 - Nature of Operations and Basis of Presentation	3 Months Ended
	Mar. 31, 2015
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.
	Our biofuels business segment primarily produces and sells biodiesel. We also sell petrodiesel in blends with our biodiesel and, from time to time, with no biodiesel added. Finally, FutureFuel is a shipper of refined petroleum products on common carrier pipelines, and we buy and sell petroleum products to maintain our active shipper status on these pipelines
	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 2014 audited consolidated financial statements and should be read in conjunction with the 2014 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, FFC Grain, L.L.C., FutureFuel Warehouse Company, L.L.C., and Legacy Regional Transport, L.L.C. Intercompany transactions and balances have been eliminated in consolidation.

Note_2_Inventory

Note 2 - Inventory	3 Months Ended
	Mar. 31, 2015
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	2)     INVENTORY
	The carrying values of inventory were as follows as of:
		March 31,			December 31,
		2015			2014
	At average cost (approximates current cost)
	Finished goods	$	30,885		$	25,369
	Work in process		3,316			2,391
	Raw materials and supplies		34,912			25,935
			69,113			53,695
	LIFO reserve		(4,673	)		(8,342	)
	Total inventory	$	64,440		$	45,353
	In determining the LIFO cost of its inventory, FutureFuel relies on certain pricing indices. In the three months ended March 31, 2015, these index values changed in such a way as to increase FutureFuel’s LIFO cost relative to weighted average cost. As such, FutureFuel recorded a reduction in its LIFO reserve of $3,669, the offset of which was recorded as a reduction to cost of goods sold of $1,190 in the Biofuels segment and a reduction of $2,479 in the Chemicals segment. Additionally, as a result of this LIFO adjustment, FutureFuel recorded a lower of cost or market adjustment of $704 in the three months ended March 31, 2015.  This lower of cost or market adjustment was recorded as a decrease in inventory values and an increase in cost of goods sold.  No such amounts were recognized in the three months ended March 31, 2014.

Note_3_Derivative_Instruments

Note 3 - Derivative Instruments	3 Months Ended
	Mar. 31, 2015
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. Realized gains and losses on derivative instruments and 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 gain of $719 and a loss of $62 for the three months ended March 31, 2015 and 2014, respectively.
	The volumes and carrying values of FutureFuel’s derivative instruments were as follows at:
		Asset/(Liability)
		31-Mar-15						31-Dec-14
		Quantity (contracts) Long/ (Short)			Fair			Quantity (contracts) Long/ (Short)			Fair Value
					Value
	Regulated options, included in other current assets		(400	)	$	(832	)		(350	)	$	(794	)
	Regulated fixed price future commitments, included in other current assets		(159	)	$	(3,753	)		(225	)	$	862
	The margin account maintained with a broker to collateralize these derivative instruments carried an account balance of $6,401 and $1,464 at March 31, 2015 and December 31, 2014, 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	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block Supplement [Abstract]
Cash, Cash Equivalents, and Marketable Securities [Text Block]	4)     Marketable Securities
	At March 31, 2015 and December 31, 2014, 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.
	FutureFuel’s marketable securities were comprised of the following at March 31, 2015 and December 31, 2014:
		31-Mar-15
		Adjusted Cost		Unrealized Gains		Unrealized Losses			Fair Value
	Equity instruments	$	18,352	$	2,290	$	(101	)	$	20,541
	Preferred stock		29,684		2,056		(8	)		31,732
	Trust preferred securities		20,791		1,471		(1	)		22,261
	Exchange traded debt instruments		7,619		273		(45	)		7,847
	Total	$	76,446	$	6,090	$	(155	)	$	82,381
		31-Dec-14
		Adjusted Cost		Unrealized Gains		Unrealized Losses			Fair Value
	Equity instruments	$	35,062	$	5,214	$	(1,526	)	$	38,750
	Preferred stock		21,660		1,626		--			23,286
	Trust preferred securities		18,920		1,285		(1	)		20,204
	Exchange traded debt instruments		5,292		192		(4	)		5,480
	Total	$	80,934	$	8,317	$	(1,531	)	$	87,720
	The aggregate fair value of instruments with unrealized losses totaled $5,550 and $15,688 at March 31, 2015 and December 31, 2014, respectively. As of March 31, 2015 and December 31, 2014, FutureFuel had no investments 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	3 Months Ended
	Mar. 31, 2015
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:
		March 31,		December 31,
		2015		2014
	Accrued employee liabilities	$	4,225	$	3,227
	Accrued property, use, and franchise taxes		1,552		1,340
	Other		1,987		128
	Total	$	7,764	$	4,695

Note_6_Borrowings

Note 6 - Borrowings	3 Months Ended
	Mar. 31, 2015
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 was a revolving facility, the proceeds of which could be used for working capital, capital expenditures, and the general corporate purposes of FutureFuel Chemical. Advances would be pursuant to a borrowing base comprised of 85% of eligible accounts receivable, plus 60% of eligible direct inventory and 50% of eligible indirect inventory. The facility was secured by a perfected first priority security interest in accounts receivable and inventory. The interest rate floated 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%
	The facility contained an unused commitment fee of 0.25% per annum. On the last day of each fiscal quarter, the ratio of EBITDA to fixed charges was required to be not less than 3:1. FutureFuel guaranteed FutureFuel Chemical’s obligations under this credit agreement. There were no borrowings under this credit agreement at March 31, 2015 or December 31, 2014. This credit agreement was terminated on April 16, 2015.
	On April 16, 2015, FutureFuel, with FutureFuel Chemical as borrowers, and certain of FutureFuel’s other subsidiaries, as guarantors, entered into a new $150,000,000 secured and committed credit facility with the lenders party thereto, Regions Bank as administrative agent and collateral agent, and PNC Bank, N.A., as syndication agent. The new credit facility consists of a five-year revolving credit facility in a dollar amount of up to $150,000,000, which includes a sublimit of $30,000,000 for letters of credit and $15,000,000 for swingline loans (collectively, the “Credit Facility”).
	The interest rate floats at the following margins over LIBOR or base rate based upon the leverage ratio from time to time:
	Consolidated							Adjusted LIBOR Rate Loans and Letter of Credit Fee				Base Rate
	Leverage Ratio											Loans
				<	1	:1.0			1.25%				0.25%
	≥		1	:1.0 and <	1.5	:1.0			1.50%				0.50%
	≥		1.5	:1.0 and <	2	:1.0			1.75%				0.75%
	≥		2	:1.0 and <	2.5	:1.0			2.00%				1.00%
	≥		2.5			:1.0			2.25%				1.25%

Note_7_Provision_for_Income_Ta

Note 7 - Provision for Income Taxes	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	7)     Provision for Income Taxes
	The following table summarizes the provision for income taxes.
		Three months ended
		March 31:
		2015			2014
	Provision for income taxes	$	4,883		$	3,722
	Effective tax rate		37.5	%		37.2	%
	The effective tax rate for the three months ended March 31, 2015 and March 31, 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.
	Unrecognized tax benefits totaled $2,981 and $2,981 at March 31, 2015 and December 31, 2014, respectively, and was included in other noncurrent liabilities on the balance sheet.
	FutureFuel records interest and penalties net as a component of income tax expense.  At March 31, 2015 and December 31, 2014, respectively, FutureFuel recorded $62 and $46 in accruals for interest and tax penalties.
	FutureFuel and its subsidiaries file U.S. federal tax returns and various state returns. FutureFuel is subject to U.S., state, and local examinations by tax authorities from 2011 forward. The IRS has commenced an audit of FutureFuel’s 2010 through 2012 amended income tax returns. FutureFuel has provided requested information and believes that it will be successful in recovering the benefits previously recorded in its financial statements. In addition, the State of Arkansas initially has rejected the refunds claimed in FutureFuel’s 2010 through 2012 amended income tax returns. FutureFuel has entered into the administrative appeals process, which is ongoing as of the date of these financial statements.

Note_8_Earnings_Per_Share

Note 8 - Earnings Per Share	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	8)     EARNINGS PER SHARE
	We compute earnings per share using the two-class method in accordance with Accounting Standards Codification Topic No. 260, “Earnings per Share.” The two-class method is an allocation of earnings between the holders of common stock and a company’s participating security holders. Our outstanding non-vested shares of restricted stock contain non-forfeitable rights to dividends and, therefore, are considered participating securities for purposes of computing earnings per share pursuant to the two-class method. We had no other participating securities at March 31, 2015 or 2014.
	Contingently issuable shares associated with outstanding service-based restricted stock units were not included in the earnings per share calculations for the three-month period ended March 31, 2015 as the vesting conditions had not been satisfied.
	Basic and diluted earnings per common share were computed as follows:
		For the three months ended
		March 31:
	Numerator:	2015			2014
	Net income	$	8,131		$	6,274
	Less: distributed earnings allocated to non-vested restricted stock		(21	)		-
	Less: undistributed earnings allocated to non-vested restricted stock		(44	)		-
	Numerator for basic earnings per share	$	8,066		$	6,274
	Effect of dilutive securities:
	Add: undistributed earnings allocated to non-vested restricted stock		44			-
	Less: undistributed earnings reallocated to non-vested restricted stock		(44	)		-
	Numerator for diluted earnings per share	$	8,066		$	6,274
	Denominator:
	Weighted average shares outstanding - basic		43,372,388			43,343,502
	Effect of dilutive securities:
	Stock options and other awards		9,895			50,078
	Weighted average shares outstanding – diluted		43,382,283			43,393,580
	Basic earnings per share	$	0.19		$	0.14
	Diluted earnings per share	$	0.19		$	0.14
	Certain options to purchase FutureFuel’s common stock were not included in the computation of diluted earnings per share for the three months ended March 31, 2015 because they were anti-dilutive in the period. The weighted average number of options excluded on this basis was 100,000. No options to purchase shares of FutureFuel’s common stock were excluded from the computation of diluted earnings per share for the three months ended March 31, 2014.

Note_9_Segment_Information

Note 9 - Segment Information	3 Months Ended
	Mar. 31, 2015
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			All Foreign			Total
		States			Countries
	31-Mar-15	$	53,577		$	510		$	54,087
	31-Mar-14	$	79,928		$	2,269		$	82,197
	For the three months ended March 31, 2015 and 2014, revenues from Mexico accounted for 0% and 2%, respectively, of total revenues. Other than Mexico, revenues from a single foreign country during the three months ended March 31, 2015 and 2014 did not exceed 1% of total revenues.
	Summary of business by segment
		Three months ended
		March 31:
		2015			2014
	Revenues
	Chemicals	$	34,206		$	30,276
	Biofuels		19,881			51,921
	Revenues	$	54,087		$	82,197
	Segment gross profit
	Chemicals	$	10,853		$	9,034
	Biofuels		2,461			568
	Segment gross margins		13,314			9,602
	Corporate expenses		(2,537	)		(2,151	)
	Income before interest and taxes		10,777			7,451
	Interest and other income		2,287			2,551
	Interest and other expense		(50	)		(6	)
	Provision for income taxes		(4,883	)		(3,722	)
	Net income	$	8,131		$	6,274
	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	3 Months Ended
	Mar. 31, 2015
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 March 31, 2015 and December 31, 2014.
		Asset/(Liability)
		Fair Value at March 31,			Fair Value Measurements Using
					Inputs Considered as:
	Description	2015			Level 1			Level 2		Level 3
	Derivative instruments	$	(4,585	)	$	(4,585	)	$	-	$	-
	Preferred stock, trust preferred securities, exchange traded debt instruments, and other equity instruments	$	82,381		$	82,381		$	-	$	-
		Asset/(Liability)
		Fair Value at December 31,			Fair Value Measurements Using
					Inputs Considered as:
	Description	2014			Level 1			Level 2		Level 3
	Derivative instruments	$	68		$	68		$	-	$	-
	Preferred stock, trust preferred securities, exchange traded debt instruments, and other equity instruments	$	87,720		$	87,720		$	-	$	-

Note_11_Reclassifications_from

Note 11 - Reclassifications from Accumulated Other Comprehensive Income	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block [Abstract]
Comprehensive Income (Loss) Note [Text Block]	11)   Reclassifications from Accumulated Other Comprehensive Income:
	The following tables summarize changes in accumulated other comprehensive income from unrealized gains and losses on available-for-sale securities in the three months ended March 31, 2015 and 2014.
	Changes in Accumulated Other Comprehensive Income Unrealized
	Gains and Losses on Available-for-Sale Securities For the
	Three Months Ended March 31, 2015
	(net of tax)
		2015
	Balance at December 31, 2014	$	4,259
	Other comprehensive income before reclassifications		28
	Amounts reclassified from accumulated other comprehensive income		(629	)
	Net current-period other comprehensive loss		(601	)
	Balance at March 31, 2015	$	3,658
	Changes in Accumulated Other Comprehensive Income Unrealized
	Gains and Losses on Available-for-Sale Securities For the
	Three Months Ended March 31, 2014
	(net of tax)
		2014
	Balance at December 31, 2013	$	7,436
	Other comprehensive loss before reclassifications		(794	)
	Amounts reclassified from accumulated other comprehensive income		30
	Net current-period other comprehensive loss		(764	)
	Balance at March 31, 2014	$	6,672
	The following tables summarize amounts reclassified from accumulated other comprehensive income in the three months ended March 31, 2015 and 2014:
	Reclassifications from Accumulated Other Comprehensive Income
	For the Three Months Ended March 31, 2015
		Amount			Affected Line Item in
		Reclassified			Statement of Operations
	Unrealized gain on available-for-sale securities	$	1,020		Gain on
					marketable securities
	Total before tax		1,020
	Tax benefit		(391	)
	Total reclassifications	$	629
	Reclassifications from Accumulated Other Comprehensive Income
	For the Three Months Ended March 31, 2014
		Amount			Affected Line Item in
		Reclassified			Statement of Operations
	Unrealized losses on available-for-sale securities	$	(49	)	Loss on
					marketable securities
	Total before tax		(49	)
	Tax benefit		19
	Total Reclassification	$	(30	)

Note_12_Legal_Matters

Note 12 - Legal Matters	3 Months Ended
	Mar. 31, 2015
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.

Note_13_Related_Party_Transact

Note 13 - Related Party Transactions	3 Months Ended
	Mar. 31, 2015
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, and income tax and consulting services by FutureFuel from these related parties.
	As previously disclosed, related party costs of goods sold for the three months ended March 31, 2014 have been reclassified from their prior presentation. For revised prior period comparative information, please see Note 19 – “Related party transactions” in the notes to consolidated financial statements in our Form 10-K for the year ended December 31, 2014.

Note_14_Recently_Issued_Accoun

Note 14 - Recently Issued Accounting Statements	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block [Abstract]
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	14)   Recently Issued Accounting Statements
	In May 2014, the FASB and International Accounting Standards Board jointly issued new principles-based accounting guidance for revenue recognition that will supersede virtually all existing revenue guidance. The core principle of this guidance is that 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 and services. To achieve the core principle, the guidance establishes the following five steps: 1) identify the contract(s) with a customer, 2) identify the performance obligation in the contract, 3) determine the transaction price, 4) allocate the transaction price to the performance obligations in the contract, and 5) recognize revenue when (or as) the entity satisfies a performance obligation. The guidance also details the accounting treatment for costs to obtain or fulfill a contract. Lastly, disclosure requirements have been enhanced to provide sufficient information to enable users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. This guidance is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. The Company is currently evaluating the impact on the Company's financial position, results of operations and related disclosures.

Note_2_Inventory_Tables

Note 2 - Inventory (Tables)	3 Months Ended
	Mar. 31, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]		March 31,			December 31,
		2015			2014
	At average cost (approximates current cost)
	Finished goods	$	30,885		$	25,369
	Work in process		3,316			2,391
	Raw materials and supplies		34,912			25,935
			69,113			53,695
	LIFO reserve		(4,673	)		(8,342	)
	Total inventory	$	64,440		$	45,353

Note_3_Derivative_Instruments_

Note 3 - Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments [Table Text Block]		Asset/(Liability)
		31-Mar-15						31-Dec-14
		Quantity (contracts) Long/ (Short)			Fair			Quantity (contracts) Long/ (Short)			Fair Value
					Value
	Regulated options, included in other current assets		(400	)	$	(832	)		(350	)	$	(794	)
	Regulated fixed price future commitments, included in other current assets		(159	)	$	(3,753	)		(225	)	$	862

Note_4_Marketable_Securities_T

Note 4 - Marketable Securities (Tables)	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block Supplement [Abstract]
Marketable Securities [Table Text Block]		31-Mar-15
		Adjusted Cost		Unrealized Gains		Unrealized Losses			Fair Value
	Equity instruments	$	18,352	$	2,290	$	(101	)	$	20,541
	Preferred stock		29,684		2,056		(8	)		31,732
	Trust preferred securities		20,791		1,471		(1	)		22,261
	Exchange traded debt instruments		7,619		273		(45	)		7,847
	Total	$	76,446	$	6,090	$	(155	)	$	82,381
		31-Dec-14
		Adjusted Cost		Unrealized Gains		Unrealized Losses			Fair Value
	Equity instruments	$	35,062	$	5,214	$	(1,526	)	$	38,750
	Preferred stock		21,660		1,626		--			23,286
	Trust preferred securities		18,920		1,285		(1	)		20,204
	Exchange traded debt instruments		5,292		192		(4	)		5,480
	Total	$	80,934	$	8,317	$	(1,531	)	$	87,720

Note_5_Accrued_Expenses_and_Ot1

Note 5 - Accrued Expenses and Other Current Liabilities (Tables)	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block Supplement [Abstract]
Schedule of Accrued Liabilities [Table Text Block]		March 31,		December 31,
		2015		2014
	Accrued employee liabilities	$	4,225	$	3,227
	Accrued property, use, and franchise taxes		1,552		1,340
	Other		1,987		128
	Total	$	7,764	$	4,695

Note_6_Borrowings_Tables

Note 6 - Borrowings (Tables) (Revolving Credit Facility [Member])	3 Months Ended
	Mar. 31, 2015
Note 6 - Borrowings (Tables) [Line Items]
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%
Regions Bank and PNC Bank, N.A. [Member]
Note 6 - Borrowings (Tables) [Line Items]
Schedule of Long-term Debt Instruments [Table Text Block]	Consolidated							Adjusted LIBOR Rate Loans and Letter of Credit Fee				Base Rate
	Leverage Ratio											Loans
				<	1	:1.0			1.25%				0.25%
	≥		1	:1.0 and <	1.5	:1.0			1.50%				0.50%
	≥		1.5	:1.0 and <	2	:1.0			1.75%				0.75%
	≥		2	:1.0 and <	2.5	:1.0			2.00%				1.00%
	≥		2.5			:1.0			2.25%				1.25%

Note_7_Provision_for_Income_Ta1

Note 7 - Provision for Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]		Three months ended
		March 31:
		2015			2014
	Provision for income taxes	$	4,883		$	3,722
	Effective tax rate		37.5	%		37.2	%

Note_8_Earnings_Per_Share_Tabl

Note 8 - Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]		For the three months ended
		March 31:
	Numerator:	2015			2014
	Net income	$	8,131		$	6,274
	Less: distributed earnings allocated to non-vested restricted stock		(21	)		-
	Less: undistributed earnings allocated to non-vested restricted stock		(44	)		-
	Numerator for basic earnings per share	$	8,066		$	6,274
	Effect of dilutive securities:
	Add: undistributed earnings allocated to non-vested restricted stock		44			-
	Less: undistributed earnings reallocated to non-vested restricted stock		(44	)		-
	Numerator for diluted earnings per share	$	8,066		$	6,274
	Denominator:
	Weighted average shares outstanding - basic		43,372,388			43,343,502
	Effect of dilutive securities:
	Stock options and other awards		9,895			50,078
	Weighted average shares outstanding – diluted		43,382,283			43,393,580
	Basic earnings per share	$	0.19		$	0.14
	Diluted earnings per share	$	0.19		$	0.14

Note_9_Segment_Information_Tab

Note 9 - Segment Information (Tables)	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block]	Three Months Ended	United			All Foreign			Total
		States			Countries
	31-Mar-15	$	53,577		$	510		$	54,087
	31-Mar-14	$	79,928		$	2,269		$	82,197
Schedule of Segment Reporting Information, by Segment [Table Text Block]		Three months ended
		March 31:
		2015			2014
	Revenues
	Chemicals	$	34,206		$	30,276
	Biofuels		19,881			51,921
	Revenues	$	54,087		$	82,197
	Segment gross profit
	Chemicals	$	10,853		$	9,034
	Biofuels		2,461			568
	Segment gross margins		13,314			9,602
	Corporate expenses		(2,537	)		(2,151	)
	Income before interest and taxes		10,777			7,451
	Interest and other income		2,287			2,551
	Interest and other expense		(50	)		(6	)
	Provision for income taxes		(4,883	)		(3,722	)
	Net income	$	8,131		$	6,274

Note_10_Fair_Value_Measurement1

Note 10 - Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]		Asset/(Liability)
		Fair Value at March 31,			Fair Value Measurements Using
					Inputs Considered as:
	Description	2015			Level 1			Level 2		Level 3
	Derivative instruments	$	(4,585	)	$	(4,585	)	$	-	$	-
	Preferred stock, trust preferred securities, exchange traded debt instruments, and other equity instruments	$	82,381		$	82,381		$	-	$	-
		Asset/(Liability)
		Fair Value at December 31,			Fair Value Measurements Using
					Inputs Considered as:
	Description	2014			Level 1			Level 2		Level 3
	Derivative instruments	$	68		$	68		$	-	$	-
	Preferred stock, trust preferred securities, exchange traded debt instruments, and other equity instruments	$	87,720		$	87,720		$	-	$	-

Note_11_Reclassifications_from1

Note 11 - Reclassifications from Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2015
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 March 31, 2015
	(net of tax)
		2015
	Balance at December 31, 2014	$	4,259
	Other comprehensive income before reclassifications		28
	Amounts reclassified from accumulated other comprehensive income		(629	)
	Net current-period other comprehensive loss		(601	)
	Balance at March 31, 2015	$	3,658
	Changes in Accumulated Other Comprehensive Income Unrealized
	Gains and Losses on Available-for-Sale Securities For the
	Three Months Ended March 31, 2014
	(net of tax)
		2014
	Balance at December 31, 2013	$	7,436
	Other comprehensive loss before reclassifications		(794	)
	Amounts reclassified from accumulated other comprehensive income		30
	Net current-period other comprehensive loss		(764	)
	Balance at March 31, 2014	$	6,672
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	Reclassifications from Accumulated Other Comprehensive Income
	For the Three Months Ended March 31, 2015
		Amount			Affected Line Item in
		Reclassified			Statement of Operations
	Unrealized gain on available-for-sale securities	$	1,020		Gain on
					marketable securities
	Total before tax		1,020
	Tax benefit		(391	)
	Total reclassifications	$	629
	Reclassifications from Accumulated Other Comprehensive Income
	For the Three Months Ended March 31, 2014
		Amount			Affected Line Item in
		Reclassified			Statement of Operations
	Unrealized losses on available-for-sale securities	$	(49	)	Loss on
					marketable securities
	Total before tax		(49	)
	Tax benefit		19
	Total Reclassification	$	(30	)

Note_1_Nature_of_Operations_an1

Note 1 - Nature of Operations and Basis of Presentation (Details)	3 Months Ended
	Mar. 31, 2015
Note 1 - Nature of Operations and Basis of Presentation (Details) [Line Items]
Number of Operating Segments	2
Batesville, Arkansas [Member]
Note 1 - Nature of Operations and Basis of Presentation (Details) [Line Items]
Area of Land	2,200

Note_2_Inventory_Details

Note 2 - Inventory (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Note 2 - Inventory (Details) [Line Items]
Inventory, LIFO Reserve, Period Charge	$3,669
Inventory Adjustments	704	0
Biofuels [Member]
Note 2 - Inventory (Details) [Line Items]
Inventory, LIFO Reserve, Effect on Income, Net	1,190
Chemicals [Member]
Note 2 - Inventory (Details) [Line Items]
Inventory, LIFO Reserve, Effect on Income, Net	$2,479

Note_2_Inventory_Details_Carry

Note 2 - Inventory (Details) - Carrying Values of Inventory (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
At average cost (approximates current cost)
Finished goods	$30,885	$25,369
Work in process	3,316	2,391
Raw materials and supplies	34,912	25,935
	69,113	53,695
LIFO reserve	-4,673	-8,342
Total inventory	$64,440	$45,353

Note_3_Derivative_Instruments_1

Note 3 - Derivative Instruments (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	$719	$62
Restricted Cash and Cash Equivalents	$6,401		$1,464

Note_3_Derivative_Instruments_2

Note 3 - Derivative Instruments (Details) - Carrying Value of Derivative Instruments (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Commodity Option [Member]
Derivative [Line Items]
Regulated options, included in other current assets	-400,000	-350,000
Regulated options, included in other current assets	($832)	($794)
Regulated options, included in other current assets	-832	-794
Regulated fixed price future commitments, included in other current assets	-400,000	-350,000
Regulated fixed price future commitments, included in other current assets	-832	-794
Future [Member]
Derivative [Line Items]
Regulated options, included in other current assets	-159,000	-225,000
Regulated options, included in other current assets	-3,753
Regulated options, included in other current assets	-3,753
Regulated fixed price future commitments, included in other current assets	-159,000	-225,000
Regulated fixed price future commitments, included in other current assets	-3,753
Regulated fixed price future commitments, included in other current assets		$862

Note_4_Marketable_Securities_D

Note 4 - Marketable Securities (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Disclosure Text Block Supplement [Abstract]
Investments, Fair Value Disclosure	$5,550	$15,688
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	Mar. 31, 2015	Dec. 31, 2014
Note 4 - Marketable Securities (Details) - Marketable Securities [Line Items]
Adjusted cost	$76,446	$80,934
Unrealized gains	6,090	8,317
Unrealized losses	-155	-1,531
Fair value	82,381	87,720
Equity Securities [Member]
Note 4 - Marketable Securities (Details) - Marketable Securities [Line Items]
Adjusted cost	18,352	35,062
Unrealized gains	2,290	5,214
Unrealized losses	-101	-1,526
Fair value	20,541	38,750
Preferred Stock [Member]
Note 4 - Marketable Securities (Details) - Marketable Securities [Line Items]
Adjusted cost	29,684	21,660
Unrealized gains	2,056	1,626
Unrealized losses	-8
Fair value	31,732	23,286
Trust Preferred Securities [Member]
Note 4 - Marketable Securities (Details) - Marketable Securities [Line Items]
Adjusted cost	20,791	18,920
Unrealized gains	1,471	1,285
Unrealized losses	-1	-1
Fair value	22,261	20,204
Debt Securities [Member]
Note 4 - Marketable Securities (Details) - Marketable Securities [Line Items]
Adjusted cost	7,619	5,292
Unrealized gains	273	192
Unrealized losses	-45	-4
Fair value	$7,847	$5,480

Note_5_Accrued_Expenses_and_Ot2

Note 5 - Accrued Expenses and Other Current Liabilities (Details) - Accrued Expenses and Other Current Liabilities (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Accrued Expenses and Other Current Liabilities [Abstract]
Accrued employee liabilities	$4,225	$3,227
Accrued property, use, and franchise taxes	1,552	1,340
Other	1,987	128
Total	$7,764	$4,695

Note_6_Borrowings_Details

Note 6 - Borrowings (Details) (Revolving Credit Facility [Member], USD $)	0 Months Ended	3 Months Ended
	Apr. 16, 2015	Mar. 31, 2015	Dec. 31, 2014
Note 6 - Borrowings (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$50,000,000
Line of Credit Facility, Borrowing Capacity, Description		Advances would be pursuant to a borrowing base comprised of 85% of eligible accounts receivable, plus 60% of eligible direct inventory and 50% of eligible indirect 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
Long-term Line of Credit		0	0
Regions Bank and PNC Bank, N.A. [Member]
Note 6 - Borrowings (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	150,000,000
Line of Credit Facility, Expiration Period	5 years
Line of Credit Facility, Sublimit for Letters of Credit	30,000,000
Line of Credit Facility, Swingline Loans	$15,000,000

Note_6_Borrowings_Details_Leve

Note 6 - Borrowings (Details) - Leverage Ratio	3 Months Ended
	Mar. 31, 2015
Minimum [Member] | Leverage Ratio 1 [Member]
Debt Instrument [Line Items]
Leverage ratio	3
Minimum [Member] | Leverage Ratio 2 [Member]
Debt Instrument [Line Items]
Leverage ratio	2
Minimum [Member] | Leverage Ratio 3 [Member]
Debt Instrument [Line Items]
Leverage ratio	1
Maximum [Member] | Leverage Ratio 2 [Member]
Debt Instrument [Line Items]
Leverage ratio	3
Maximum [Member] | Leverage Ratio 3 [Member]
Debt Instrument [Line Items]
Leverage ratio	2
Maximum [Member] | Leverage Ratio 4 [Member]
Debt Instrument [Line Items]
Leverage ratio	1
Base Rate [Member] | Leverage Ratio 1 [Member]
Debt Instrument [Line Items]
Debt instrument rates	-0.55%
Base Rate [Member] | Leverage Ratio 2 [Member]
Debt Instrument [Line Items]
Debt instrument rates	-0.70%
Base Rate [Member] | Leverage Ratio 3 [Member]
Debt Instrument [Line Items]
Debt instrument rates	-1.00%
Base Rate [Member] | Leverage Ratio 4 [Member]
Debt Instrument [Line Items]
Debt instrument rates	-1.00%
London Interbank Offered Rate (LIBOR) [Member] | Leverage Ratio 1 [Member]
Debt Instrument [Line Items]
Debt instrument rates	1.70%
London Interbank Offered Rate (LIBOR) [Member] | Leverage Ratio 2 [Member]
Debt Instrument [Line Items]
Debt instrument rates	1.50%
London Interbank Offered Rate (LIBOR) [Member] | Leverage Ratio 3 [Member]
Debt Instrument [Line Items]
Debt instrument rates	1.25%
London Interbank Offered Rate (LIBOR) [Member] | Leverage Ratio 4 [Member]
Debt Instrument [Line Items]
Debt instrument rates	1.00%

Note_6_Borrowings_Details_Cons

Note 6 - Borrowings (Details) - Consolidated Leverage Ratio	3 Months Ended
	Mar. 31, 2015
Regions Bank and PNC Bank, N.A. [Member] | Minimum [Member] | Leverage Ratio 2 [Member]
Debt Instrument [Line Items]
Consolidated leverage ratio	1
Regions Bank and PNC Bank, N.A. [Member] | Minimum [Member] | Leverage Ratio 3 [Member]
Debt Instrument [Line Items]
Consolidated leverage ratio	1.5
Regions Bank and PNC Bank, N.A. [Member] | Minimum [Member] | Leverage Ratio 4 [Member]
Debt Instrument [Line Items]
Consolidated leverage ratio	2
Regions Bank and PNC Bank, N.A. [Member] | Minimum [Member] | Leverage Ratio 5 [Member]
Debt Instrument [Line Items]
Consolidated leverage ratio	2.5
Regions Bank and PNC Bank, N.A. [Member] | Maximum [Member] | Leverage Ratio 1 [Member]
Debt Instrument [Line Items]
Consolidated leverage ratio	1
Regions Bank and PNC Bank, N.A. [Member] | Maximum [Member] | Leverage Ratio 2 [Member]
Debt Instrument [Line Items]
Consolidated leverage ratio	1.5
Regions Bank and PNC Bank, N.A. [Member] | Maximum [Member] | Leverage Ratio 3 [Member]
Debt Instrument [Line Items]
Consolidated leverage ratio	2
Regions Bank and PNC Bank, N.A. [Member] | Maximum [Member] | Leverage Ratio 4 [Member]
Debt Instrument [Line Items]
Consolidated leverage ratio	2.5
Regions Bank and PNC Bank, N.A. [Member] | London Interbank Offered Rate (LIBOR) [Member] | Leverage Ratio 1 [Member]
Debt Instrument [Line Items]
Debt instrument rates	1.25%
Regions Bank and PNC Bank, N.A. [Member] | London Interbank Offered Rate (LIBOR) [Member] | Leverage Ratio 2 [Member]
Debt Instrument [Line Items]
Debt instrument rates	1.50%
Regions Bank and PNC Bank, N.A. [Member] | London Interbank Offered Rate (LIBOR) [Member] | Leverage Ratio 3 [Member]
Debt Instrument [Line Items]
Debt instrument rates	1.75%
Regions Bank and PNC Bank, N.A. [Member] | London Interbank Offered Rate (LIBOR) [Member] | Leverage Ratio 4 [Member]
Debt Instrument [Line Items]
Debt instrument rates	2.00%
Regions Bank and PNC Bank, N.A. [Member] | London Interbank Offered Rate (LIBOR) [Member] | Leverage Ratio 5 [Member]
Debt Instrument [Line Items]
Debt instrument rates	2.25%
Regions Bank and PNC Bank, N.A. [Member] | Base Rate [Member] | Leverage Ratio 1 [Member]
Debt Instrument [Line Items]
Debt instrument rates	0.25%
Regions Bank and PNC Bank, N.A. [Member] | Base Rate [Member] | Leverage Ratio 2 [Member]
Debt Instrument [Line Items]
Debt instrument rates	0.50%
Regions Bank and PNC Bank, N.A. [Member] | Base Rate [Member] | Leverage Ratio 3 [Member]
Debt Instrument [Line Items]
Debt instrument rates	0.75%
Regions Bank and PNC Bank, N.A. [Member] | Base Rate [Member] | Leverage Ratio 4 [Member]
Debt Instrument [Line Items]
Debt instrument rates	1.00%
Regions Bank and PNC Bank, N.A. [Member] | Base Rate [Member] | Leverage Ratio 5 [Member]
Debt Instrument [Line Items]
Debt instrument rates	1.25%
Minimum [Member] | Leverage Ratio 1 [Member]
Debt Instrument [Line Items]
Consolidated leverage ratio	3
Minimum [Member] | Leverage Ratio 2 [Member]
Debt Instrument [Line Items]
Consolidated leverage ratio	2
Minimum [Member] | Leverage Ratio 3 [Member]
Debt Instrument [Line Items]
Consolidated leverage ratio	1
Maximum [Member] | Leverage Ratio 2 [Member]
Debt Instrument [Line Items]
Consolidated leverage ratio	3
Maximum [Member] | Leverage Ratio 3 [Member]
Debt Instrument [Line Items]
Consolidated leverage ratio	2
Maximum [Member] | Leverage Ratio 4 [Member]
Debt Instrument [Line Items]
Consolidated leverage ratio	1
London Interbank Offered Rate (LIBOR) [Member] | Leverage Ratio 1 [Member]
Debt Instrument [Line Items]
Debt instrument rates	1.70%
London Interbank Offered Rate (LIBOR) [Member] | Leverage Ratio 2 [Member]
Debt Instrument [Line Items]
Debt instrument rates	1.50%
London Interbank Offered Rate (LIBOR) [Member] | Leverage Ratio 3 [Member]
Debt Instrument [Line Items]
Debt instrument rates	1.25%
London Interbank Offered Rate (LIBOR) [Member] | Leverage Ratio 4 [Member]
Debt Instrument [Line Items]
Debt instrument rates	1.00%
Base Rate [Member] | Leverage Ratio 1 [Member]
Debt Instrument [Line Items]
Debt instrument rates	-0.55%
Base Rate [Member] | Leverage Ratio 2 [Member]
Debt Instrument [Line Items]
Debt instrument rates	-0.70%
Base Rate [Member] | Leverage Ratio 3 [Member]
Debt Instrument [Line Items]
Debt instrument rates	-1.00%
Base Rate [Member] | Leverage Ratio 4 [Member]
Debt Instrument [Line Items]
Debt instrument rates	-1.00%

Note_7_Provision_for_Income_Ta2

Note 7 - Provision for Income Taxes (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Note 7 - Provision for Income Taxes (Details) [Line Items]
Unrecognized Tax Benefits	2,981	$2,981
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	62	$46
Earliest Tax Year [Member] | Domestic Tax Authority [Member]
Note 7 - Provision for Income Taxes (Details) [Line Items]
Open Tax Year	2011
Earliest Tax Year [Member] | State and Local Jurisdiction [Member]
Note 7 - Provision for Income Taxes (Details) [Line Items]
Open Tax Year	2011

Note_7_Provision_for_Income_Ta3

Note 7 - Provision for Income Taxes (Details) - Summary of Provisions for Income Taxes (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Summary of Provisions for Income Taxes [Abstract]
Provision for income taxes	$4,883	$3,722
Effective tax rate	37.50%	37.20%

Note_8_Earnings_Per_Share_Deta

Note 8 - Earnings Per Share (Details) (Equity Option [Member])	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Equity Option [Member]
Note 8 - Earnings Per Share (Details) [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	100,000	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
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Computation of Basic and Diluted Earnings Per Common Share [Abstract]
Net income	$8,131	$6,274
Less: distributed earnings allocated to non-vested restricted stock	-21
Less: undistributed earnings allocated to non-vested restricted stock	-44
Numerator for basic earnings per share	8,066	6,274
Effect of dilutive securities:
Add: undistributed earnings allocated to non-vested restricted stock	44
Less: undistributed earnings reallocated to non-vested restricted stock	-44
Numerator for diluted earnings per share	$8,066	$6,274
Denominator:
Weighted average shares outstanding - basic (in Shares)	43,372,388	43,343,502
Stock options and other awards (in Shares)	9,895	50,078
Weighted average shares outstanding – diluted (in Shares)	43,382,283	43,393,580
Basic earnings per share (in Dollars per share)	$0.19	$0.14
Diluted earnings per share (in Dollars per share)	$0.19	$0.14

Note_9_Segment_Information_Det

Note 9 - Segment Information (Details)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
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
Geographic Concentration Risk [Member] | MEXICO | Sales Revenue, Goods, Net [Member]
Note 9 - Segment Information (Details) [Line Items]
Concentration Risk, Percentage	0.00%	2.00%

Note_9_Segment_Information_Det1

Note 9 - Segment Information (Details) - Revenues by Geographical Areas (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Note 9 - Segment Information (Details) - Revenues by Geographical Areas [Line Items]
Revenues	$54,087	$82,197
Reportable Geographical Components [Member] | UNITED STATES
Note 9 - Segment Information (Details) - Revenues by Geographical Areas [Line Items]
Revenues	53,577	79,928
Reportable Geographical Components [Member] | All Foreign Countries [Member]
Note 9 - Segment Information (Details) - Revenues by Geographical Areas [Line Items]
Revenues	$510	$2,269

Note_9_Segment_Information_Det2

Note 9 - Segment Information (Details) - Summary of Business by Segment (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Segment Reporting Information [Line Items]
Revenues	$54,087	$82,197
Segment gross margins	13,314	9,602
Income before interest and taxes	10,777	7,451
Interest and other income	2,287	2,551
Interest and other expense	-50	-6
Provision for income taxes	-4,883	-3,722
Net income	8,131	6,274
Operating Segments [Member] | Chemicals [Member]
Segment Reporting Information [Line Items]
Revenues	34,206	30,276
Segment gross margins	10,853	9,034
Operating Segments [Member] | Biofuels [Member]
Segment Reporting Information [Line Items]
Revenues	19,881	51,921
Segment gross margins	2,461	568
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Corporate expenses	($2,537)	($2,151)

Note_10_Fair_Value_Measurement2

Note 10 - Fair Value Measurements (Details) - Assets and Liiabilities Measured at Fair Value on Recurring Basis (USD $)	Mar. 31, 2015	Dec. 31, 2014
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	($4,585)	$68
Preferred stock, trust preferred securities, and other equity instruments	82,381	87,720
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	-4,585	68
Preferred stock, trust preferred securities, and other equity instruments	$82,381	$87,720

Note_11_Reclassifications_from2

Note 11 - Reclassifications from Accumulated Other Comprehensive Income (Details) - Changes in Accumulated Other Comprehensive Income (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Changes in Accumulated Other Comprehensive Income [Abstract]
Balance at Beginning of Period	$4,259	$7,436
Other comprehensive income (loss) before reclassifications	28	-794
Amounts reclassified from accumulated other comprehensive loss	-629	30
Net current-period other comprehensive loss	-601	-764
Balance at End of Period	$3,658	$6,672

Note_11_Reclassifications_from3

Note 11 - Reclassifications from Accumulated Other Comprehensive Income (Details) - Reclassifications from Accumulated Other Comprehensive Income (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Reclassifications from Accumulated Other Comprehensive Income [Abstract]
Unrealized gains/(losses) on available-for-sale securities	$1,020	($49)
Total before tax	1,020	-49
Tax benefit	-391	19
Total reclassifications	$629	($30)