XML 57 R14.htm IDEA: XBRL DOCUMENT v3.3.0.814
Note 8 - Other Income, Net
 9 Months Ended
Oct. 04, 2015
Notes to Financial Statements  
Other Income and Other Expense Disclosure [Text Block]
(
8
)
Other Income, Net
 
During the three and nine months ended October 4, 2015, the Company recognized other income of $7,841,000 and $8,595,000, respectively, which consisted primarily of a gain of $7,744,000 related to the Morganton sale (see Note 5 “Morganton Sale” to the consolidated financial statement in this Form 10-Q). Additionally, during the nine months ended October 4, 2015, the Company recognized $505,000 related to an arbitration settlement in the Dana dispute received in the second quarter (see Note 4
“Management’s Plans” to the consolidated financial statements in this Form 10-Q). During the three and nine months ended October 4, 2015, the company recognized net foreign currency related gains of $105,000 and $276,000, 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 nine months ended September 28, 2014, the Company recognized net gains of $714,000 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 nine months ended September 28, 2014, the Company recognized foreign currency translation gains of $314,000 and $219,000, respectively.