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Note 4 - Marketable securities
 3 Months Ended
Mar. 31, 2012
Marketable Securities [Table Text Block]
4)           Marketable securities

At March 31, 2012 and December 31, 2011, FutureFuel had investments in certain preferred stock, trust preferred securities, and other equity instruments.  At March 31, 2012, FutureFuel also had investments in certain municipal securities.  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:

   
March 31, 2012
   
   
Adjusted Cost
   
Unrealized Gains
   
Unrealized Losses
   
Fair Value
Equity instruments
  $ 34,705     $ 3,970     $ (602 )   $ 38,073  
Preferred stock
    16,325       1,229       (15 )     17,539  
Trust preferred securities
    9,409       176       (3 )     9,582  
Municipal debt securities
    3,000       -       -       3,000  
Total
  $ 63,439     $ 5,375     $ (620 )   $ 68,194  

   
December 31, 2011
   
   
Adjusted Cost
   
Unrealized Gains
   
Unrealized Losses
   
Fair Value
Equity instruments
  $ 33,442     $ 4,433     $ (647 )   $ 37,228  
Preferred stock
    10,718       110       (1,029 )     9,799  
Trust preferred securities
    9,210       65       (8 )     9,267  
Total
  $ 53,370     $ 4,608     $ (1,684 )   $ 56,294  

The aggregate fair value of investments with unrealized losses totaled $12,004 and $13,283 at March 31, 2012 and December 31, 2011, respectively. As of March 31, 2012 and December 31, 2011, FutureFuel had a total of $281 and $257 invested in marketable securities that were in an unrealized loss position for a greater than 12-month period, respectively.