XML 57 R42.htm IDEA: XBRL DOCUMENT v3.20.4

Note 15 - Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2020

Notes Tables

Schedule of Net Benefit Costs [Table Text Block]

		Year ended December 31,
		2020				2019
Service cost		$	5			$	4
Interest cost on projected benefit obligation			1,084				1,407
Net amortization of actuarial loss			631				666
Expected return on plan assets			(987	)			(1,103	)
Net periodic benefit cost		$	733			$	974

Net Periodic Benefit Cost Recognized in Income Statement [Table Text Block]

		Year ended December 31,
		2020				2019
Service cost:
Selling, general and administrative expenses		$	5				4
Other net periodic benefit costs:
Other expense (income), net			728				970
Total		$	733			$	974

Schedule of Changes in Projected Benefit Obligations [Table Text Block]

		December 31,
		2020				2019
Change in benefit obligation:
Benefit obligation at beginning of year		$	36,050			$	34,690
Service cost			5				4
Interest cost			1,084				1,407
Actuarial loss			2,516				2,835
Benefits paid			(2,796	)			(2,886	)
Benefit obligation at end of year		$	36,859			$	36,050

		December 31,
		2020				2019
Change in plan assets:
Fair value of plan assets at beginning of year		$	31,738			$	30,199
Actual return on plan assets			2,549				4,043
Company contributions			862				382
Benefits paid			(2,796	)			(2,886	)
Fair value of plan assets at end of year		$	32,353			$	31,738
Underfunded status of the plans		$	(4,506	)		$	(4,312	)
Balance sheet assets (liabilities):
Other assets		$	380			$	607
Accrued liabilities			(596	)			(893	)
Other liabilities			(4,290	)			(4,026	)
Net amount recognized		$	(4,506	)		$	(4,312	)
Pension plans with accumulated benefit obligation in excess of plan assets:
Projected benefit obligation		$	25,566			$	24,843
Accumulated benefit obligation			25,566				24,843
Fair value of plan assets			20,680				19,924

		December 31,
		2020				2019
Projected benefit obligation and net periodic pension cost assumptions:
Discount rate – projected benefit obligation		2.25%				3.15%
Discount rate – net periodic pension cost		3.15				4.25
Rate of compensation increase		N/A				4.00
Expected long-term rate of return on plan assets		3.05	–	3.40		3.65	–	3.90
Weighted average asset allocation:
Equity securities		17%				18%
Debt securities		80				78
Other		3				4
Total		100%				100%

Schedule of Allocation of Plan Assets [Table Text Block]

						Significant
		Quoted Prices				Other
		In Active				Observable
		Markets				Inputs
		(Level 1)				(Level 2)
Asset categories:
Cash and cash equivalents		$	2,744			$	0
Equity securities:
U.S. Large Cap			2,272				0
U.S. Mid Cap			867				0
U.S. Small Cap			224				0
World Equity			2,256				0
Real Estate			391				0
Other			600				0
Fixed income securities			6,304				16,695
Total Plan Assets		$	15,658			$	16,695

						Significant
		Quoted Prices				Other
		In Active				Observable
		Markets				Inputs
		(Level 1)				(Level 2)
Asset categories:
Cash and cash equivalents		$	2,228			$	0
Equity securities:
U.S. Large Cap			1,935				0
U.S. Mid Cap			1,067				0
U.S. Small Cap			609				0
World Equity			2,214				0
Real Estate			546				0
Other			757				0
Fixed income securities			3,394				18,988
Total Plan Assets		$	12,750			$	18,988

Schedule of Expected Benefit Payments [Table Text Block]

2021			$	2,772
2022				2,707
2023				2,631
2024				2,565
2025				2,490
2026-2030				11,118
Total			$	24,283

X

- Definition

Tabular disclosure of net periodic benefit cost recognized in Income Statement.

+ References

No definition available.

+ Details

Name:	sypr_NetPeriodicBenefitCostRecognizedInIncomeStatementTableTextBlock
Namespace Prefix:	sypr_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(5)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in the benefit obligation of pension plans and/or other employee benefit plans from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfChangesInProjectedBenefitObligationsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration