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Note 8 - Other (Income) Expense, Net
 6 Months Ended
Jul. 05, 2015
Notes to Financial Statements  
Other Income and Other Expense Disclosure [Text Block]
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8
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Other (Income) Expense, Net
 
During the three and six months ended July 5, 2015, the Company recognized other income of $505,000 related to an arbitration settlement in the Dana dispute received in the second quarter. See Note 4
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Management’s Plans” to the consolidated financial statements in this Form 10-Q. During the three and six months ended July 5, 2015, the company recognized net foreign currency related gains of $37,000 and $171,000, respectively related to the U.S. dollar denominated monetary asset position of our Mexican subsidiaries for which the Mexican peso is the functional currency.
 
 
During the three and six months ended June 29, 2014, the Company recognized net gains of $123,000 and $714,000, respectively, within the Sypris Technologies segment from the receipt of federal grant funds for improvements made under a flood relief program. Additionally, for the three and six months ended June 29, 2014, the Company recognized foreign currency translation losses of $65,000 and $96,000, respectively. These gains and losses are included in other (income) expense, net on the consolidated statements of operations.