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Note 22 - Segment Information | 12 Months Ended
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Dec. 31, 2016
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] |
( 22 ) | 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. Additionally, prior to August 16, 2016, Sypris Electronics also provided trusted solutions for identity management, cryptographic key distribution and cyber analytics along with manufacturing of complex data storage systems (see Note 4). Revenue derived from outsourced services for Sypris Technologies accounted for 52% and 61% of total net revenue in 2016 and 2015, respectively. Revenue derived from outsourced services for Sypris Electronics accounted for 24% and 17% of total net revenue in 2016 and 2015, 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, |
|  | 2016 |  |  | 2015 |
Net revenue from unaffiliated customers: |  |  |  |  |  |  |  |
Sypris Technologies |  | $ | 63,324 |  |  | $ | 108,134 |
Sypris Electronics |  |  | 28,473 |  |  |  | 37,189 |
|  | $ | 91,797 |  |  | $ | 145,323 |
Gross profit (loss): |  |  |  |  |  |  |  |
Sypris Technologies |  | $ | (254 | ) |  | $ | (790 | )
Sypris Electronics |  |  | 1,003 |  |  |  | 1,108 |
|  | $ | 749 |  |  | $ | 318 |
Operating (loss) income: |  |  |  |  |  |  |  |
Sypris Technologies |  | $ | (8,230 | ) |  | $ | (13,661 | )
Sypris Electronics |  |  | (7,127 | ) |  |  | (7,639 | )
General, corporate and other |  |  | (7,401 | ) |  |  | (8,344 | )
|  | $ | (22,758 | ) |  | $ | (29,644 | )
Other (income), net: |  |  |  |  |  |  |  |
Sypris Technologies |  | $ | (4,320 | ) |  | $ | (8,643 | )
Sypris Electronics |  |  | (31,185 | ) |  |  | 0 |
General, corporate and other |  |  | 0 |  |  |  | 0 |
|  | $ | (35,505 | ) |  | $ | (8,643 | )
(Loss) income before income taxes: |  |  |  |  |  |  |  |
Sypris Technologies |  | $ | (4,178 | ) |  | $ | (5,131 | )
Sypris Electronics |  |  | 24,058 |  |  |  | (7,639 | )
General, corporate and other |  |  | (13,536 | ) |  |  | (12,454 | )
|  | $ | 6,344 |  |  | $ | (25,224 | )
Depreciation and amortization: |  |  |  |  |  |  |  |
Sypris Technologies |  | $ | 4,388 |  |  | $ | 5,927 |
Sypris Electronics |  |  | 1,772 |  |  |  | 2,973 |
General, corporate and other |  |  | 128 |  |  |  | 135 |
|  | $ | 6,288 |  |  | $ | 9,035 |
Capital expenditures: |  |  |  |  |  |  |  |
Sypris Technologies |  | $ | 252 |  |  | $ | 1,707 |
Sypris Electronics |  |  | 1,472 |  |  |  | 416 |
General, corporate and other |  |  | 39 |  |  |  | (298 | )
|  | $ | 1,763 |  |  | $ | 1,825 |
|  | December 31, |
|  | 2016 |  |  | 2015 |
Total assets: |  |  |  |  |  |  |  |
Sypris Technologies |  | $ | 32,110 |  |  | $ | 38,968 |
Sypris Electronics |  |  | 12,881 |  |  |  | 23,845 |
General, corporate and other |  |  | 17,646 |  |  |  | 4,079 |
|  | $ | 62,637 |  |  | $ | 66,892 |
|  | December 31, |
|  | 2016 |  |  | 2015 |
Total liabilities: |  |  |  |  |  |  |  |
Sypris Technologies |  | $ | 24,466 |  |  | $ | 20,283 |
Sypris Electronics |  |  | 3,542 |  |  |  | 6,375 |
General, corporate and other |  |  | 8,531 |  |  |  | 20,522 |
|  | $ | 36,539 |  |  | $ | 47,180 |
The Company’s export sales from the U.S. totaled $21,010,000 and $34,830,000 in 2016 and 2015, respectively. Approximately $11,706,000 and $8,889,000 of net revenue in 2016 and 2015, respectively, and $6,787,000 and $5,807,000 of long lived assets at December 31, 2016 and 2015, respectively, and net assets of $9,016,000 and $9,696,000 at December 31, 2016 and 2015 relate to the Company’s international operations.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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