XML 40 R18.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 13 - Segment Data
9 Months Ended
Oct. 02, 2016
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
(
13)
         Segment Data
 
The Company is organized into two business groups, Sypris Technologies and Sypris Electronics. These 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. Additionally, prior to August 16, 2016, Sypris Electronics also provided trusted solutions for identity management, cryptographic key distribution and cyber analytics (see Note 5 “CSS Sale”). There was no intersegment net revenue recognized in any of the periods presented.
 
The following table presents financial information for the reportable segments of the Company (in thousands): 
 
 
 
Three Months Ended
 
 
Nine
Months Ended
 
 
 
October 2
,
 
 
October 4
,
 
 
October 2
,
 
 
October 4
,
 
 
 
201
6
 
 
201
5
 
 
201
6
 
 
201
5
 
 
 
(Unaudited)
 
 
(Unaudited)
 
Net revenue from unaffiliated customers:
                               
Sypris Technologies
  $ 14,796     $ 27,824     $ 47,392     $ 87,904  
Sypris Electronics
    6,588       10,613       24,434       28,298  
    $ 21,384     $ 38,437     $ 71,826     $ 116,202  
                                 
Gross profit (loss):
                               
Sypris Technologies
  $ (363
)
  $ 1,973     $ (1,279
)
  $ (1,550
)
Sypris Electronics
    (358
)
    495       2,007       827  
    $ (721
)
  $ 2,468     $ 728     $ (723
)
                                 
Operating (loss) income:
                               
Sypris Technologies
  $ (2,099
)
  $ (609
)
  $ (7,123
)
  $ (12,347
)
Sypris Electronics
    (1,996
)
    (1,515
)
    (3,965
)
    (6,216
)
General, corporate and other
    (1,938
)
    (1,953
)
    (5,976
)
    (6,244
)
    $ (6,033
)
  $ (4,077
)
  $ (17,064
)
  $ (24,807
)
 
 
 
October 2
,
 
 
December 31,
 
 
 
201
6
 
 
201
5
 
 
 
(Unaudited)
 
 
 
 
 
Total assets:
               
Sypris Technologies
  $ 34,073     $ 38,968  
Sypris Electronics
    14,316       23,845  
General, corporate and other
    24,289       4,079  
    $ 72,678     $ 66,892