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Note 4 - Assets Held for Sale | 12 Months Ended
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Dec. 31, 2020
Notes to Financial Statements |
Restructuring and Related Activities Disclosure [Text Block] |
( 4 ) | Assets Held for Sale
On February 21, 2017, the Board of Directors approved a modified exit or disposal plan with respect to the Company's Louisville, Kentucky automotive and commercial vehicle manufacturing plant (the “Broadway Plant”), which included the relocation of production to other Company facilities and the closure of the plant. The Company has relocated certain assets from the Broadway Plant to other manufacturing facilities to serve its existing and target customer base within the Sypris Technologies segment. Additionally, the Company identified underutilized or non-core assets for disposal. The assets identified for disposal, including the Broadway real estate, were included in assets held for sale in the consolidated balance sheet as of December 31, 2019. On April 13, 2020, the Company completed the sale of the Broadway Plant real estate for $1,700,000. The Company also sold other equipment during 2020 for $268,000 while certain equipment at the Broadway Plant was abandoned as of December 31, 2020. Management continues to market certain other equipment located at its facility in Toluca, Mexico, which has been included in assets held for sale as of December 31, 2020. All assets held for sale are within the Sypris Technologies segment. The following assets have been segregated and included in assets held for sale in the consolidated balance sheets (in thousands):
|  | December 31, |
|  | 2020 |  |  | 2019 |
Property, plant and equipment |  | $ | 1,387 |  |  | $ | 13,346 |
Accumulated depreciation |  |  | (975 | ) |  |  | (11,113 | )
Property, plant and equipment, net |  | $ | 412 |  |  | $ | 2,233 |

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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