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Note 4 - Assets Held for Sale
 12 Months Ended
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