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Note 21 - Segment Information
 12 Months Ended
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.