XML 48 R20.htm IDEA: XBRL DOCUMENT v3.19.3
Note 13 - Segment Data
 9 Months Ended
Sep. 29, 2019
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
(
1
3
)
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, 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. 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
  
   
September 29
,
    
September 30
,
    
September 29
,
    
September 30
,
  
   
201
9
    
201
8
    
201
9
    
201
8
  
   
(Unaudited)
    
(Unaudited)
  
Net revenue from unaffiliated customers:
                                
Sypris Technologies
   $
15,654
     $
14,852
     $
48,673
     $
44,686
  
Sypris Electronics
    
6,605
      
6,249
      
17,594
      
19,328
  
    $
22,259
     $
21,101
     $
66,267
     $
64,014
  
                                 
Gross profit (loss):
                                
Sypris Technologies
   $
2,514
     $
1,329
     $
7,781
     $
5,366
  
Sypris Electronics
    
(188
)
    
(127
)
    
(606
)
    
801
  
    $
2,326
     $
1,202
     $
7,175
     $
6,167
  
                                 
Operating income (loss):
                                
Sypris Technologies
   $
958
     $
(129
)
   $
3,554
     $
550
  
Sypris Electronics
    
(886
)
    
(776
)
    
(2,943
)
    
(1,169
)
General, corporate and other
    
(1,084
)
    
(1,109
)
    
(4,033
)
    
(3,563
)
    $
(1,012
)
   $
(2,014
)
   $
(3,422
)
   $
(4,182
)
Income (loss) before taxes:
                                
Sypris Technologies
   $
589
     $
(263
)
   $
2,902
     $
1,971
  
Sypris Electronics
    
(900
 )    
(828
)
    
(2,963
)
    
(1,264
)
General, corporate and other
    
(1,214
)
    
(1,210
)
    
(2,881
)
    
(3,903
)
    $
(1,525
)
   $
(2,301
)
   $
(2,942
)
   $
(3,196
)
 
   
September 29,
    
December 31,
  
   
2019
    
2018
  
   
(Unaudited)
    
 
 
 
Total assets:
                
Sypris Technologies
   $
31,995
     $
31,312
  
Sypris Electronics
    
25,087
      
19,208
  
General, corporate and other
    
7,149
      
11,048
  
    $
64,231
     $
61,568
  
                 
Total liabilities:
                
Sypris Technologies
   $
23,514
     $
23,644
  
Sypris Electronics
    
18,041
      
15,180
  
General, corporate and other
    
9,264
      
7,910
  
    $
50,819
     $
46,734