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Note 13 - Segment Data
 9 Months Ended
Oct. 04, 2020
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 Company includes the unallocated costs of its corporate office, including the employment costs of its senior management team and other corporate personnel, administrative costs and net corporate interest expense incurred at the corporate level under the caption “General, corporate and other” in the table below. Such unallocated costs include those for centralized information technology, finance, legal and human resources support teams, certain professional fees, director fees, corporate office rent, certain self-insurance costs and recoveries, software license fees and various other administrative expenses that are
not
allocated to our reportable segments. The unallocated assets include cash and cash equivalents maintained in its domestic treasury accounts and the net book value of corporate facilities and related information systems. The unallocated liabilities consist primarily of the related party notes payable. Domestic income taxes are calculated at an entity level and are
not
allocated to our reportable segments. Corporate capital expenditures and depreciation and amortization include items attributable to the unallocated fixed assets of the corporate office and related information systems.
 
The following table presents financial information for the reportable segments of the Company (in thousands):
 
   
Three Months Ended
    
Nine
Months Ended
  
   
October 4
,
    
September
29
,
    
October 4
,
    
September
29
,
  
   
20
20
    
201
9
    
20
20
    
201
9
  
   
(Unaudited)
    
(Unaudited)
  
Net revenue from unaffiliated customers:
                                
Sypris Technologies
   $
12,072
     $
15,654
     $
33,234
     $
48,673
  
Sypris Electronics
    
10,082
      
6,605
      
28,498
      
17,594
  
    $
22,154
     $
22,259
     $
61,732
     $
66,267
  
                                 
Gross profit (loss):
                                
Sypris Technologies
   $
1,907
     $
2,514
     $
4,629
     $
7,781
  
Sypris Electronics
    
1,514
      
(188
)
    
4,386
      
(606
)
    $
3,421
     $
2,326
     $
9,015
     $
7,175
  
                                 
Operating income (loss):
                                
Sypris Technologies
   $
873
     $
958
     $
1,181
     $
3,554
  
Sypris Electronics
    
808
      
(886
)
    
2,249
      
(2,943
)
General, corporate and other
    
(837
)
    
(1,084
)
    
3,169
      
(4,033
)
    $
844
     $
(1,012
)
   $
261
     $
(3,422
)
Income (loss) before taxes:
                                
Sypris Technologies
   $
437
     $
589
     $
1,104
     $
2,902
  
Sypris Electronics
    
801
      
(900
)
    
2,225
      
(2,963
)
General, corporate and other
    
(982
)
    
(1,214
)
    
(3,590
)
    
(2,881
)
    $
256
     $
(1,525
)
   $
(261
)
   $
(2,942
)
 
   
October 4,
    
December 31,
  
   
2020
    
2019
  
   
(Unaudited)
      
Total assets:
                
Sypris Technologies
   $
30,400
     $
29,694
  
Sypris Electronics
    
22,790
      
24,985
  
General, corporate and other
    
8,188
      
5,377
  
    $
61,378
     $
60,056
  
                 
Total liabilities:
                
Sypris Technologies
   $
20,629
     $
19,989
  
Sypris Electronics
    
13,027
      
17,416
  
General, corporate and other
    
12,520
      
9,220
  
    $
46,176
     $
46,625