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Note 9 - Assets Held for Sale
 12 Months Ended
Dec. 31, 2015
Notes to Financial Statements  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]
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9
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Assets Held for Sale
 
On October 30, 2015, the Company entered into a non-binding letter of intent to sell and lease-back its property and buildings in Toluca, Mexico (the “Toluca Sale-Leaseback”), which is part of Sypris Technologies. As such, the Company concluded that the assets qualified for Assets Held for Sale accounting in accordance with ASC 205 as of December 31, 2015. The purchase price was $215,000,000 Mexican Pesos, or approximately, $12,100,000 in U.S. currency, and the closing occurred on March 9, 2016. The Company deposited $6,000,000 of the proceeds from the sale-leaseback into a Cash Collateral Account, to be held for up to one year as additional collateral for the Term Loan (see Note 16 “Debt” for further discussion on the Term Loan). The assets had a net book value of $3,230,000 as of December 31, 2015.
 
The following assets have been segregated and included in assets held for sale in the consolidated balance sheets (in thousands):
 
 
 
December 31,
 
 
 
2015
 
Land and land improvements
   $ 1,568  
Buildings and building improvements
     3,658  
Accumulated depreciation
     (1,996 )
Property, plant and equipment, net
   $ 3,230