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Note 10 - Property, Plant and Equipment

3 Months Ended

Apr. 05, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

(10)

Property, Plant and Equipment

Property, plant and equipment consists of the following (in thousands):

	April 5,			December 31,
	2015			2014
	(Unaudited)
Land and land improvements	$	2,703		$	2,770
Buildings and building improvements		25,947			26,055
Machinery, equipment, furniture and fixtures		159,050			158,816
Construction in progress		1,079			2,100
		188,779			189,741
Accumulated depreciation		(153,153	)		(152,087	)
	$	35,626		$	37,654

Sypris Technologies performed an asset recoverability test for one of its asset groups totaling approximately $31,331,000 as of April 5, 2015. The Company concluded that the undiscounted sum of estimated future cash flows exceeded the carrying value for such asset group, and accordingly, no impairment was recognized.

- 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.

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