XML 53 R39.htm IDEA: XBRL DOCUMENT v3.22.0.1

Note 14 - Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Schedule of Net Benefit Costs [Table Text Block]

		Year ended December 31,
		2021				2020
Service cost		$	4			$	5
Interest cost on projected benefit obligation			774				1,084
Net amortization of actuarial loss			613				631
Expected return on plan assets			(773	)			(987	)
Net periodic benefit cost		$	618			$	733

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

		Year ended December 31,
		2021				2020
Service cost:
Selling, general and administrative expenses		$	4			$	5
Other net periodic benefit costs:
Other expense, net			614				728
Total		$	618			$	733

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

		December 31,
		2021				2020
Change in benefit obligation
Benefit obligation at beginning of year		$	36,859			$	36,050
Service cost			4				5
Interest cost			774				1,084
Actuarial loss			(2,245	)			2,516
Benefits paid			(2,636	)			(2,796	)
Benefit obligation at end of year		$	32,756			$	36,859
Change in plan assets:
Fair value of plan assets at beginning of year		$	32,353			$	31,738
Actual return on plan assets			37				2,549
Company contributions			297				862
Benefits paid			(2,636	)			(2,796	)
Fair value of plan assets at end of year		$	30,051			$	32,353
Underfunded status of the plans		$	(2,705	)			(4,506	)

		December 31,
		2021				2020
Balance sheet assets (liabilities):
Other assets		$	595			$	380
Accrued liabilities			(126	)			(596	)
Other liabilities			(3,174	)			(4,290	)
Net amount recognized		$	(2,705	)		$	(4,506	)

Pension plans with accumulated benefit obligation in excess of plan assets:
Projected benefit obligation		$	22,846			$	25,566
Accumulated benefit obligation			22,846				25,566
Fair value of plan assets			19,545				20,680

Projected benefit obligation and net periodic pension cost assumptions:
Discount rate – projected benefit obligation					2.70	%					2.25	%
Discount rate – net periodic pension cost					2.25						3.15
Rate of compensation increase					N/A						N/A
Expected long-term rate of return on plan assets			1.80	-	2.95				3.05	-	3.40

		December 31,
		2021				2020
Weighted average asset allocation:
Equity securities			16	%			17	%
Debt securities			81				80
Other			3				3
Total			100	%			100	%

Schedule of Allocation of Plan Assets [Table Text Block]

		Quoted Prices In Active Markets (Level 1)				Significant Other Observable Inputs (Level 2)
Asset categories
Cash and cash equivalents		$	2,371			$	0
Equity securities:							0
U.S. Large Cap			2,008				0
U.S. Mid Cap			863				0
U.S. Small Cap			169				0
World Equity			1,733				0
Real Estate			405				0
Other			547				0
Fixed income securities			6,814				15,141
Total Plan Assets		$	14,910			$	15,141

		Quoted Prices In Active Markets (Level 1)				Significant Other Observable Inputs (Level 2)
Asset categories
Cash and cash equivalents		$	2,744			$	0
Equity securities:							0
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

Schedule of Expected Benefit Payments [Table Text Block]

2022			$	2,616
2023				2,546
2024				2,486
2025				2,416
2026				2,326
2027-2031				10,409
Total			$	22,799

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:	dtr-types: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=123447040&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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=123447040&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfChangesInProjectedBenefitObligationsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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=123447040&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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=123447040&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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