XML 26 R12.htm IDEA: XBRL DOCUMENT v3.8.0.1

Note 4 - Property and Equipment

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

4.

Property and Equipment:

Property and equipment consists of the following:

(in thousands )		Depreciable Live s						December 31, 201 7				December 31, 201 6
Lan d				-				$	15,881			$	16,001
Land improvement s			5	-	10				3,270				3,133
Buildings and improvement s			7	-	30				131,655				133,010
Machinery and equipmen t			2	-	15				184,683				185,676
Furniture and fixture s			3	-	7				6,298				6,311
Computer software and equipmen t			2	-	5				28,677				27,848
Vehicle s			2	-	5				1,746				1,456
Construction in progres s				-					4,500				807
									376,710				374,242
Less accumulated depreciatio n									(229,062	)			(218,476	)
Net property and equipmen t								$	147,648			$	155,766

Leasehold improvements are included with buildings and improvements and are depreciated over the life of the lease or

seven

years, whichever is less.

Construction in progress as

of

December 31, 2017,

primarily consisted of payments for a building expansion and additional processing equipment at our existing facilities that were

not

yet placed into service.

During the

second

quarter of

2017,

the Company began actively marketing for sale certain property at the flat product segment

’s Siler City, North Carolina facility. As a result of that decision, the Company reclassified

$0.8

million of net book value related to that property along with certain machinery and equipment as assets held for sale in the Consolidated Balance Sheets. The sale of those assets is expected to be completed within the next

twelve

months and are presented as current assets. Based on the present real estate market and discussions with the Company’s real estate adviser,

no

material impairment of the recorded amounts has occurred as of

December 31, 2017.

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureTextBlockAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

+ Details

Name:	us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration