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Note 22 - Segment Information
 12 Months Ended
Dec. 31, 2015
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
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22
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Segment Information
 
The Company is organized into two business segments, Sypris Technologies and Sypris Electronics. The segments are each managed separately because of the distinctions between the products, services, markets, customers, technologies, and workforce skills of the segments. Sypris Technologies provides manufacturing services for a variety of customers that outsource forged and finished steel components and subassemblies. Sypris Technologies also manufactures high-pressure closures and other fabricated products. Sypris Electronics provides manufacturing and technical services as an outsourced service provider and manufactures complex data storage systems. Revenue derived from outsourced services for Sypris Technologies accounted for 61% and 85% of total net revenue in 2015 and 2014, respectively. Revenue derived from outsourced services for Sypris Electronics accounted for 17% and 6% of total net revenue in 2015 and 2014, respectively. There was no intersegment net revenue recognized for any year presented.
 
The following table presents financial information for the reportable segments of the Company (in thousands):
 
 
 
Year ended December 31,
 
 
 
2015
 
 
2014
 
Net revenue from unaffiliated customers:
                
Sypris Technologies
   $ 108,134     $ 322,262  
Sypris Electronics
     37,189       32,514  
    $ 145,323     $ 354,776  
Gross profit (loss):
                
Sypris Technologies
   $ (790 )   $ 42,021  
Sypris Electronics
     1,108       (3,191 )
    $ 318     $ 38,830  
Operating (loss) income:
                
Sypris Technologies
   $ (13,661 )   $ 25,160  
Sypris Electronics
     (7,639 )     (13,479 )
General, corporate and other
     (8,344 )     (8,961 )
    $ (29,644 )   $ 2,720  
(Loss) income before income taxes:
                
Sypris Technologies
   $ (5,131 )   $ 26,454  
Sypris Electronics
     (7,639 )     (13,476 )
General, corporate and other
     (12,454 )     (9,593 )
    $ (25,224 )   $ 3,385  
Depreciation and amortization:
                
Sypris Technologies
   $ 5,927     $ 9,374  
Sypris Electronics
     2,973       945  
General, corporate and other
     135       90  
    $ 9,035     $ 10,409  
Capital expenditures:
                
Sypris Technologies
   $ 1,707     $ 3,725  
Sypris Electronics
     416       811  
General, corporate and other
     (298 )     723  
    $ 1,825     $ 5,259  
 
 
 
December 31,
 
 
 
 
2015
 
 
2014
 
Total assets:
                
Sypris Technologies
   $ 38,968     $ 95,108  
Sypris Electronics
     23,845       26,874  
General, corporate and other
     5,299       7,699  
    $ 68,112     $ 129,681  
Total liabilities:
                
Sypris Technologies
   $ 20,283     $ 55,505  
Sypris Electronics
     6,375       8,687  
General, corporate and other
     21,742       18,601  
    $ 48,400     $ 82,793  
 
The Company’s export sales from the U.S. totaled $34,830,000 and $58,498,000 in 2015 and 2014, respectively. Approximately $8,889,000 and $111,177,000 of net revenue in 2015 and 2014, respectively, and $5,807,000 and $13,033,000 of long lived assets at December
 
31,
 
2015 and 2014, respectively, and net assets of $9,696,000 and $20,388,000 at December
 
31,
 
2015 and 2014 relate to the Company’s international operations.