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Note 22 - Segment Information
 12 Months Ended
Dec. 31, 2017
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, markets, customers, technologies, and workforce skills of the segments. Sypris Technologies generates revenue primarily from the sale of forged, machined, welded and heat-treated steel components primarily for the heavy commercial vehicle and high-pressure energy pipeline applications. Sypris Electronics provides circuit card and box build manufacturing, high reliability manufacturing, systems assembly and integration, design for manufacturability and design to specification work to customers in the market for aerospace and defense electronics. 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
). 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,
  
   
2017
    
2016
  
Net revenue from unaffiliated customers:
                
Sypris Technologies
   $
54,891
     $
63,324
  
Sypris Electronics
    
27,403
      
28,473
  
    $
82,294
     $
91,797
  
Gross profit (loss):
                
Sypris Technologies
   $
395
     $
(254
 )
Sypris Electronics
    
2,587
      
1,003
  
    $
2,982
     $
749
  
Operating (loss) income:
                
Sypris Technologies
   $
(7,459
 )   $
(8,230
 )
Sypris Electronics
    
147
      
(7,127
 )
General, corporate and other
    
(5,232
 )    
(7,401
 )
    $
(12,544
 )   $
(22,758
 )
 
 
   
Year ended December 31,
  
   
2017
    
2016
  
Other income, net:
                
Sypris Technologies
   $
(1,906
 )   $
(4,320
 )
Sypris Electronics
    
(2
 )    
(31,185
 )
General, corporate and other
    
(5
 )    
0
  
    $
(1,913
 )   $
(35,505
 )
(Loss) income before income taxes:
                
Sypris Technologies
   $
(5,844
 )   $
(4,178
 )
Sypris Electronics
    
150
      
24,058
  
General, corporate and other
    
(5,746
 )    
(13,536
 )
    $
(11,440
 )   $
6,344
  
Income tax (benefit) expense, net:
                
Sypris Technologies
   $
194
     $
79
  
Sypris Electronics
    
0
      
0
  
General, corporate and other
    
(812
 )    
222
  
    $
(618
 )   $
301
  
Depreciation and amortization:
                
Sypris Technologies
   $
3,399
     $
4,388
  
Sypris Electronics
    
372
      
1,772
  
General, corporate and other
    
113
      
128
  
    $
3,884
     $
6,288
  
Capital expenditures:
                
Sypris Technologies
   $
1,003
     $
252
  
Sypris Electronics
    
366
      
1,472
  
General, corporate and other
    
268
      
39
  
    $
1,637
     $
1,763
  
 
   
December 31,
 
   
2017
   
2016
  
Total assets:
                
Sypris Technologies
   $
31,725
     $
32,110
  
Sypris Electronics
    
17,440
      
12,881
  
General, corporate and other
    
7,990
      
17,646
  
    $
57,155
     $
62,637
  
                 
Total liabilities:
                
Sypris Technologies
   $
23,854
     $
24,466
  
Sypris Electronics
    
8,352
      
3,542
  
General, corporate and other
    
8,019
      
8,531
  
    $
40,225
     $
36,539
  
 
The Company
’s export sales from the U.S. totaled
$12,068,000
and
$21,010,000
in
2017
and
2016,
respectively. Approximately
$22,874,000
and
$11,706,000
of net revenue in
2017
and
2016,
respectively, and
$6,659,000
and
$6,787,000
of long lived assets at
December
 
31,
 
2017
and
2016,
respectively, and net assets of
$5,327,000
and
$9,016,000
at
December
 
31,
 
2017
and
2016
relate to the Company’s international operations.