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Note 14 - Segment Data
 6 Months Ended
Jul. 02, 2017
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
(
1
4
)
Segment Data
 
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, markets, customers, technologies and workforce skills of the segments. Sypris Technologies manufactures forged and finished steel components and subassemblies and also manufactures high-pressure closures and other fabricated products. Sypris Electronics is focused on circuit card and full “box build” manufacturing, high reliability manufacturing, systems assembly and integration, design for manufacturability and design to specification work. Additionally, prior to
August 16, 2016,
Sypris Electronics provided the CSS product lines (see Note
6
). 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
 
 
Six Months Ended
 
 
 
July
2
,
 
 
July
3
,
 
 
July
2
,
 
 
July
3
,
 
 
 
201
7
 
 
201
6
 
 
201
7
 
 
201
6
 
 
 
(Unaudited)
 
 
(Unaudited)
 
Net revenue from unaffiliated customers:
                                
Sypris Technologies
   $
14,059
     $
14,769
     $
26,819
     $
32,596
  
Sypris Electronics
    
7,190
      
8,735
      
12,615
      
17,846
  
    $
21,249
     $
23,504
     $
39,434
     $
50,442
  
                                 
Gross profit (loss):
                                
Sypris Technologies
   $
290
     $
(260
)
   $
(497
)
   $
(916
)
Sypris Electronics
    
1,300
      
1,009
      
1,397
      
2,392
  
    $
1,590
     $
749
     $
900
     $
1,476
  
Operating (loss) income:
                                
Sypris Technologies
   $
(2,112
)
   $
(2,050
)
   $
(5,408
)
   $
(5,024
)
Sypris Electronics
    
609
      
(909
)
    
178
      
(1,969
)
General, corporate and other
    
(1,387
)
    
(1,688
)
    
(2,793
)
    
(4,038
)
    $
(2,890
)
   $
(4,647
)
   $
(8,023
)
   $
(11,031
)
Loss (income) before taxes:
                                
Sypris Technologies
   $
(2,227
)
   $
(1,715
)
   $
(3,585
)
   $
(2,554
)
Sypris Electronics
    
612
      
(909
)
    
181
      
(1,969
)
General, corporate and other
    
(1,508
)
    
(2,578
)
    
(3,036
)
    
(5,777
)
    $
(3,123
)
   $
(5,202
)
   $
(6,440
)
   $
(10,300
)
 
 
 
July 2,
 
 
December 31,
 
 
 
2017
 
 
2016
 
 
 
(Unaudited)
 
 
 
 
 
Total assets:
                
Sypris Technologies
   $
37,961
     $
32,110
  
Sypris Electronics
    
18,559
      
12,881
  
General, corporate and other
    
12,398
      
17,646
  
    $
68,918
     $
62,637
  
Total liabilities:
                
Sypris Technologies
   $
29,512
     $
24,466
  
Sypris Electronics
    
10,191
      
3,542
  
General, corporate and other
    
8,106
      
8,531
  
    $
47,809
     $
36,539