Note 6 - Marketable Securities
12 Months Ended
Dec. 31, 2015
Disclosure Text Block Supplement [Abstract]  
Cash, Cash Equivalents, and Marketable Securities [Text Block]

6)

Marketable securities


At December 31, 2015 and 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:


   

December 31, 2015

 
   

Adjusted

Cost

   

Unrealized

Gains

   

Unrealized

Losses

   

Fair

Value

 

Equity instruments

  $ 10,825     $ 44     $ (711

)

  $ 10,158  

Preferred stock

    37,703       2,419       (122

)

    40,000  

Trust preferred securities

    16,464       1,303       (66

)

    17,701  

Exchange traded debt instruments

    6,511       297       -       6,808  

Total

  $ 71,503     $ 4,063     $ (899

)

  $ 74,667  

   

December 31, 2014

 
   

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 investments with unrealized losses totaled $15,571 and $15,688 at December 31, 2015 and 2014, respectively. As of December 31, 2015 and 2014, FutureFuel had no investments in marketable securities that were in an unrealized loss position for a greater than 12-month period, respectively.


In 2015, FutureFuel recategorized a net gain of $2,402 from accumulated other comprehensive income to a component of net income as a result of sales of available for sale securities. This amount totaled $5,712 and $334 of net gains in 2014 and 2013, respectively.