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Note 7 - Borrowings | 9 Months Ended
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Sep. 30, 2025
Notes to Financial Statements |
Debt Disclosure [Text Block] |
7) | BORROWINGS
On February 21, 2025, the Company, with FutureFuel Chemical Company as the borrower and certain of the Company’s other subsidiaries as guarantors, amended and restated its credit agreement with Regions Bank as administrative agent, collateral agent, and syndication agent (as amended, the "Credit Agreement"). The Company entered into an amendment to the Credit Agreement on July 25, 2025, effective as of June 30, 2025, which modified the Consolidated Interest Coverage Ratio to exclude non-cash interest. The Credit Agreement consists of a five-year revolving credit facility in a dollar amount of up to $75,000, which includes a sublimit of $30,000 for letters of credit and $15,000 for swingline loans (collectively, the “Credit Facility”). The Credit Facility expires on February 21, 2030. The interest rate floats at the following margins over Secured Overnight Financing Rate ("SOFR") or base rate based upon our leverage ratio.
|  | Adjusted SOFR Rate Loans and |  |  |  |  |  |  |  |  |
Consolidated Leverage Ratio |  | Letter of Credit Fee |  |  | Base Rate Loans |  |  | Commitment Fee |
< 1.00:1.0 |  |  | 1.00 | % |  |  | 0.00 | % |  |  | 0.15 | %
≥ 1.00:1.0 And < 1.50:1.0 |  |  | 1.25 | % |  |  | 0.25 | % |  |  | 0.15 | %
≥ 1.50:1.0 And < 2.00:1.0 |  |  | 1.50 | % |  |  | 0.50 | % |  |  | 0.20 | %
≥ 2.00:1.0 And < 2.50:1.0 |  |  | 1.75 | % |  |  | 0.75 | % |  |  | 0.20 | %
≥ 2.50:1.0 |  |  | 2.00 | % |  |  | 1.00 | % |  |  | 0.25 | %
The terms of the Credit Facility contain certain negative covenants and conditions including a maximum consolidated leverage ratio and a minimum consolidated interest coverage ratio. There were no borrowings under the Credit Agreement at September 30, 2025 or December 31, 2024.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A Reference 2: http://www.xbrl.org/2003/role/disclosureRef 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