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Note 21 - Segment Information | 12 Months Ended
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Dec. 31, 2020
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] |
( 21 ) | 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. There was no intersegment net revenue recognized for any year 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):
|  | Year ended December 31, |
|  | 2020 |  |  | 2019 |
Net revenue from unaffiliated customers: |  |  |  |  |  |  |  |
Sypris Technologies |  | $ | 45,321 |  |  | $ | 61,683 |
Sypris Electronics |  |  | 37,025 |  |  |  | 26,208 |
|  | $ | 82,346 |  |  | $ | 87,891 |
|  | Year ended December 31, |
|  | 2020 |  |  | 2019 |
Gross profit: |  |  |  |  |  |  |  |
Sypris Technologies |  | $ | 6,164 |  |  | $ | 9,785 |
Sypris Electronics |  |  | 5,401 |  |  |  | 98 |
|  | $ | 11,565 |  |  | $ | 9,883 |
Operating income (loss): |  |  |  |  |  |  |  |
Sypris Technologies |  | $ | 1,731 |  |  | $ | 4,257 |
Sypris Electronics |  |  | 2,591 |  |  |  | (2,999 | )
General, corporate and other |  |  | (4,232 | ) |  |  | (5,564 | )
|  | $ | 90 |  |  | $ | (4,306 | )
Interest expense, net: |  |  |  |  |  |  |  |
Sypris Technologies |  | $ | 251 |  |  | $ | 377 |
Sypris Electronics |  |  | 25 |  |  |  | 63 |
General, corporate and other |  |  | 562 |  |  |  | 463 |
|  | $ | 838 |  |  | $ | 903 |
Other expense (income), net: |  |  |  |  |  |  |  |
Sypris Technologies |  | $ | 547 |  |  | $ | 272 |
Sypris Electronics |  |  | (3 | ) |  |  | (33 | )
General, corporate and other |  |  | 0 |  |  |  | (1,495 | )
|  | $ | 544 |  |  | $ | (1,256 | )
Income (loss) before income taxes: |  |  |  |  |  |  |  |
Sypris Technologies |  | $ | 935 |  |  | $ | 3,609 |
Sypris Electronics |  |  | 2,567 |  |  |  | (3,029 | )
General, corporate and other |  |  | (4,794 | ) |  |  | (4,533 | )
|  | $ | (1,292 | ) |  | $ | (3,953 | )
Income tax expense (benefit), net: |  |  |  |  |  |  |  |
Sypris Technologies |  | $ | (2,835 | ) |  | $ | 250 |
Sypris Electronics |  |  | 0 |  |  |  | 0 |
General, corporate and other |  |  | (125 | ) |  |  | (254 | )
|  | $ | (2,960 | ) |  | $ | (4 | )
Depreciation and amortization: |  |  |  |  |  |  |  |
Sypris Technologies |  | $ | 1,791 |  |  | $ | 1,927 |
Sypris Electronics |  |  | 529 |  |  |  | 506 |
General, corporate and other |  |  | 183 |  |  |  | 238 |
|  | $ | 2,503 |  |  | $ | 2,671 |
Capital expenditures: |  |  |  |  |  |  |  |
Sypris Technologies |  | $ | 1,355 |  |  | $ | 693 |
Sypris Electronics |  |  | 138 |  |  |  | 97 |
General, corporate and other |  |  | 49 |  |  |  | 69 |
|  | $ | 1,542 |  |  | $ | 859 |
|  | December 31, |
|  | 2020 |  |  | 2019 |
Total assets: |  |  |  |  |  |  |  |
Sypris Technologies |  | $ | 31,425 |  |  | $ | 29,694 |
Sypris Electronics |  |  | 18,620 |  |  |  | 24,985 |
General, corporate and other |  |  | 10,663 |  |  |  | 5,377 |
|  | $ | 60,708 |  |  | $ | 60,056 |
|  | December 31, |
|  | 2020 |  |  | 2019 |
Total liabilities: |  |  |  |  |  |  |  |
Sypris Technologies |  | $ | 19,974 |  |  | $ | 19,989 |
Sypris Electronics |  |  | 13,545 |  |  |  | 17,416 |
General, corporate and other |  |  | 12,414 |  |  |  | 9,220 |
|  | $ | 45,933 |  |  | $ | 46,625 |
The Company's export sales from the U.S. totaled $3,423,000 and $7,239,000 in 2020 and 2019, respectively. Approximately $29,812,000 and $40,536,000 of net revenue in 2020 and 2019, respectively, and $5,819,000 and $6,669,000 of long lived assets at December 31, 2020 and 2019, respectively, and net assets of $14,344,000 and $9,899,000 at December 31, 2020 and 2019 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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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