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Note 7 - Inventories | 12 Months Ended
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Dec. 31, 2025
Notes to Financial Statements |
Inventory Disclosure [Text Block] | Note 7. Inventories The components of inventories, net are as follows:
|  | December 31, |  |  | December 31, |
|  | 2025 |  |  | 2024 |
Raw materials and work in process |  | $ | 9,715 |  |  | $ | 7,699 |
Leaf tobacco |  |  | 43,747 |  |  |  | 35,622 |
Finished goods - Zig-Zag products |  |  | 33,276 |  |  |  | 38,042 |
Finished goods - Stoker’s products |  |  | 18,361 |  |  |  | 12,966 |
Other |  |  | 2,890 |  |  |  | 1,924 |
Inventories |  | $ | 107,989 |  |  | $ | 96,253 |
The following represents the activity in the inventory valuation allowance for the years ended December 31:
|  | 2025 |  |  | 2024 |  |  | 2023 |
Balance at beginning of period |  | $ | (17,575 | ) |  | $ | (16,927 | ) |  | $ | (772 | )
Charged to cost and expense |  |  | (1,229 | ) |  |  | (648 | ) |  |  | (17,370 | )
Deductions for inventory disposed |  |  | 2,139 |  |  |  | - |  |  |  | 1,215 |
Balance at end of period |  | $ | (16,665 | ) |  | $ | (17,575 | ) |  | $ | (16,927 | )
In December 2023, a third-party warehouse in Tennessee used by the Company incurred significant tornado damage resulting in damage to the leaf tobacco. As a result, the Company recorded a $15.2 million inventory reserve related to its leaf tobacco inventory, which is included in Other operating income, net in the Consolidated Statement of Income for the year ended December 31, 2023. The leaf tobacco inventory is covered by the Company’s stock throughput insurance policy and the Company believes the inventory loss is probable of being fully recovered under the policy. As a result, the Company recorded a $15.2 million insurance recovery receivable which is included in Other current assets in the Consolidated Balance Sheets. In 2022, the Company determined that the incorrect weight had been used in calculating the amount of federal excise tax assessed and paid on its imported MYO cigar wraps during the years 2019 - 2021. As a result, the Company filed a refund claim for $1.7 million with the Alcohol and Tobacco Tax and Trade Bureau for the overpayment of federal excise taxes, which was approved and paid in 2024. This refund is presented in Other operating income, net on the Company’s Consolidated Statements of Income for the year ended December 31, 2023.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
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