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Note 4 - Other (Income), Net
12 Months Ended
Dec. 31, 2015
Notes to Financial Statements  
Other Income and Other Expense Disclosure [Text Block]
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4
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Other (Income), Net
 
During the year ended December 31, 2015, the Company recognized other income of $8,643,000, which consisted primarily of a gain of $7,744,000 related to the Morganton sale (see Note 3 “Morganton Sale” to the consolidated financial statements). Additionally, during the year ended December 31, 2015, the Company recognized $505,000 related to an arbitration settlement in the Dana dispute received in the second quarter. During the year ended December 31, 2015, the Company recognized net foreign currency related gains of $259,000 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 year ended December 31, 2014, Sypris Technologies received $714,000 from the receipt of federal grant funds for improvements made under a flood relief program. Additionally, the Company recognized foreign currency transaction gains of $655,000 for the year ended December 31, 2014 related to the net U.S. dollar denominated monetary asset position of our Mexican subsidiaries for which the Mexican peso is the functional currency. These gains and losses are included in other (income), net on the consolidated statements of operations.