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Note 2 - Inventories
3 Months Ended
Mar. 31, 2017
Notes to Financial Statements  
Inventory Disclosure [Text Block]
2.
Inventories
 
Inventories consist of the following (in thousands):
 
 
 
March 31, 2017
 
 
December 31, 2016
 
Short-term inventories:
               
Raw materials
  $
13,117
    $
15,411
 
Work-in-process
   
1,209
     
1,235
 
Finished goods
   
323
     
40
 
Supplies
   
2,305
     
2,351
 
Total short-term inventories
   
16,954
     
19,037
 
                 
Long-term inventories:
               
Finished goods
   
729
     
773
 
Total inventories
  $
17,683
    $
19,810
 
 
Long-term inventories are recorded in Other assets. As of
December
31,
2016,
inventories were stated at the lower of cost or market. Upon adoption of Accounting Standards Update (“ASU”) No. 
2015
-
11,
“Inventory (Topic 
330):
Simplifying the Measurement of Inventory” on
January
 
1,
2017,
which did not result in a change in the Company’s inventory values, inventories are stated at the lower of cost and net realizable value. See further discussion of this ASU in Note 
11,
“Recent Accounting and Reporting Developments.”