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Document And Entity Information - USD ($)	12 Months Ended
Document And Entity Information - USD ($)	Dec. 31, 2019	Mar. 10, 2020	Jun. 30, 2019
Document Information [Line Items]
Entity Registrant Name	SYPRIS SOLUTIONS INC
Entity Central Index Key	0000864240
Trading Symbol	sypr
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		21,309,580
Entity Public Float			$ 8,814,182
Entity Shell Company	false
Document Type	10-K
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	false
Title of 12(b) Security	Common Stock

Consolidated Statements of Operations - USD ($) shares in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Net revenue	$ 87,891,000	$ 87,969,000
Cost of sales	78,008,000	80,397,000
Gross profit	9,883,000	7,572,000
Selling, general and administrative	13,680,000	10,474,000
Severance, relocation and other costs	509,000	1,394,000
Operating loss	(4,306,000)	(4,296,000)
Interest expense, net	903,000	850,000
Other income, net	(1,256,000)	(1,436,000)
(Loss) income before income taxes	(3,953,000)	(3,710,000)
Income tax benefit, net	(4,000)	(205,000)
Net loss	$ (3,949,000)	$ (3,505,000)
Loss per common share:
Basic (in dollars per share)	$ (0.19)	$ (0.17)
Diluted (in dollars per share)	(0.19)	(0.17)
Cash dividends per common share (in dollars per share)	$ 0	$ 0
Weighted average shares outstanding:
Basic (in shares)	20,865	20,512
Diluted (in shares)	20,865	20,512

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Net loss	$ (3,949)	$ (3,505)
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax expense of $104 and tax benefit of $18 in 2019 and 2018, respectively	344	(52)
Employee benefit related, net of tax expense of $136 and $230 in 2019 and 2018, respectively	447	761
Other comprehensive income	791	709
Comprehensive loss	$ (3,158)	$ (2,796)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Consolidated Statements of Comprehensive Loss (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Foreign currency translation adjustments, tax	$ 104	$ (18)

Consolidated Balance Sheets - USD ($)	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 5,095,000	$ 10,704,000
Accounts receivable, net	7,444,000	9,881,000
Inventory, net	20,784,000	18,584,000
Other current assets	4,282,000	4,755,000
Assets held for sale	2,233,000	1,474,000
Total current assets	39,838,000	45,398,000
Property, plant and equipment, net	11,675,000	14,655,000
Operating lease right-of-use assets	7,014,000	0
Other assets	1,529,000	1,515,000
Total assets	60,056,000	61,568,000
Current liabilities:
Accounts payable	9,346,000	13,427,000
Accrued liabilities	12,495,000	14,965,000
Operating lease liabilities, current portion	841,000	0
Finance lease obligations, current portion	684,000	593,000
Total current liabilities	23,366,000	28,985,000
Note payable – related party	6,463,000	6,449,000
Operating lease obligations, net of current portion	6,906,000	0
Finance lease obligations, net of current portion	2,351,000	2,804,000
Other liabilities	7,539,000	8,496,000
Total liabilities	46,625,000	46,734,000
Stockholders’ equity:
Preferred stock
Common stock	213,000	214,000
Additional paid-in capital	154,702,000	154,388,000
Accumulated deficit	(117,433,000)	(114,926,000)
Accumulated other comprehensive loss	(24,051,000)	(24,842,000)
Treasury stock, 26,192 and 16,192 shares in 2019 and 2018, respectively	0	0
Total stockholders’ equity	13,431,000	14,834,000
Total liabilities and stockholders’ equity	60,056,000	61,568,000
Series A Preferred Stock [Member]
Stockholders’ equity:
Preferred stock
Nonvoting Common Stock [Member]
Stockholders’ equity:
Common stock

Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	975,150	975,150
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	30,000,000	30,000,000
Common stock, shares issued (in shares)	21,324,618	21,414,374
Common stock, shares outstanding (in shares)	21,298,426	21,398,182
Series A Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	24,850	24,850
Preferred stock, shares issued (in shares)	0	0
Nonvoting Common Stock [Member]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	10,000,000	10,000,000
Common stock, shares issued (in shares)	0	0

Consolidated Statements of Cash Flow - USD ($)	12 Months Ended
Consolidated Statements of Cash Flow - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities:
Net loss	$ (3,949,000)	$ (3,505,000)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization	2,671,000	2,648,000
Deferred income taxes	(260,000)	(509,000)
Non-cash compensation	469,000	637,000
Deferred loan costs amortized	11,000	14,000
Insurance recovery gain	0	(2,275,000)
Settlement gain	0	(1,890,000)
Net (gain) loss on sale of assets	(654,000)	249,000
Provision for excess and obsolete inventory	616,000	520,000
Non-cash lease expense	650,000	0
Other noncash items	(69,000)	278,000
Contributions to pension plans	(382,000)	(77,000)
Changes in operating assets and liabilities:
Accounts receivable	2,425,000	(612,000)
Inventory	(2,823,000)	(2,857,000)
Prepaid expenses and other assets	560,000	(1,163,000)
Accounts payable	(4,066,000)	2,948,000
Accrued and other liabilities	(1,019,000)	7,486,000
Net cash (used in) provided by operating activities	(5,820,000)	1,892,000
Cash flows from investing activities:
Capital expenditures	(859,000)	(2,051,000)
Proceeds from sale of assets	1,858,000	1,380,000
Insurance proceeds for recovery of property damage, net	0	2,275,000
Net cash provided by investing activities	999,000	1,604,000
Cash flows from financing activities:
Finance lease payments	(632,000)	(829,000)
Indirect repurchase of shares for minimum statutory tax withholdings	(156,000)	(107,000)
Net cash used in financing activities	(788,000)	(936,000)
Net (decrease) increase in cash and cash equivalents	(5,609,000)	2,560,000
Cash and cash equivalents at beginning of year	10,704,000	8,144,000
Cash and cash equivalents at end of year	5,095,000	10,704,000
Supplemental disclosure of cash flow information:
Right-of-use assets obtained in exchange for finance lease obligations	$ 269,000

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Common Stock Outstanding [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]	Total
Balance (in shares) at Dec. 31, 2017	21,422,077
Balance at Dec. 31, 2017	$ 214	$ 153,858	$ (111,591)	$ (25,551)	$ 0
Net loss	0	0	(3,505)	0	0	$ (3,505)
Adoption of new accounting standard at Dec. 31, 2017	0	0	170	0	0
Employee benefit related, net of tax expense of $136 and $230 in 2019 and 2018, respectively	0	0	0	761	0	761
Foreign currency translation adjustment, net of tax	$ 0	0	0	(52)	0
Noncash compensation (in shares)	42,000
Noncash compensation	$ 0	637	0	0	0
Retire treasury stock (in shares)	(65,895)
Retire treasury stock	$ 0	(107)	0	0	0
Balance (in shares) at Dec. 31, 2018	21,398,182
Balance at Dec. 31, 2018	$ 214	154,388	(114,926)	(24,842)	0	14,834
Net loss	0	0	(3,949)	0	0	(3,949)
Adoption of new accounting standard at Dec. 31, 2018	0	0	1,442	0	0
Employee benefit related, net of tax expense of $136 and $230 in 2019 and 2018, respectively	0	0	0	447	0	447
Foreign currency translation adjustment, net of tax	$ 0	0	0	344	0
Noncash compensation (in shares)	60,000
Noncash compensation	$ 0	469	0	0	0
Retire treasury stock (in shares)	(149,756)
Retire treasury stock	$ (1)	(155)	0	0	0
Treasury stock (in shares)	(10,000)
Treasury stock	$ 0	0	0	0	0
Balance (in shares) at Dec. 31, 2019	21,298,426
Balance at Dec. 31, 2019	$ 213	$ 154,702	$ (117,433)	$ (24,051)	$ 0	$ 13,431

Note 1 - Organization and Significant Accounting Policies

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]

(

)

Organization and Significant Accounting Policies

Consolidation Policy

The accompanying consolidated financial statements include the accounts of Sypris Solutions, Inc. and its wholly-owned subsidiaries (collectively, “Sypris” or the “Company”) and have been prepared by the Company in accordance with the rules and regulations of the Securities and Exchange Commission. The Company’s operations are domiciled in the United States (U.S.) and Mexico and serve a wide variety of domestic and international customers. All intercompany accounts and transactions have been eliminated.

Nature of Business

Sypris is a diversified provider of truck components, oil and gas pipeline components and aerospace and defense electronics. The Company produces a wide range of manufactured products, often under multi-year, sole-source contracts with corporations and government agencies. The Company offers such products through its

two

business segments, Sypris Technologies, Inc. (“Sypris Technologies”) and Sypris Electronics, LLC (“Sypris Electronics”). Sypris Technologies derives its 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 derives its revenue primarily from circuit card and box build manufacturing, high reliability manufacturing and systems assembly and integration. Most products are built to the customer’s design specifications. The Company also provides engineering design services and repair or inspection services. See Note

for additional information regarding our segments.

Use of Estimates

The preparation of the consolidated financial statements and accompanying notes in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported. Changes in facts and circumstances could have a significant impact on the resulting estimated amounts included in our consolidated financial statements. Actual results could differ from these estimates.

Fair Value Estimates

The Company estimates fair value of its financial instruments utilizing an established

three

-level hierarchy. The hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date as follows: Level

– Valuation is based upon unadjusted quoted prices for identical assets or liabilities in active markets. Level

– Valuation is based upon quoted prices for similar assets and liabilities in active markets, or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instruments. Level

– Valuation is based upon other unobservable inputs that are significant to the fair value measurements.

Cash Equivalents

Cash equivalents include all highly liquid investments with a maturity of

three

months or less when purchased.

Inventory

Inventory is stated at the lower of cost or estimated net realizable value. Costs for raw materials, work in process and finished goods is determined under the

first

-in,

first

-out method. Indirect inventories, which include perishable tooling, repair parts and other materials consumed in the manufacturing process but

not

incorporated into finished products are classified as raw materials.

The Company’s reserve for excess and obsolete inventory is primarily based upon forecasted demand for its product sales, and any change to the reserve arising from forecast revisions is reflected in cost of sales in the period the revision is made.

Property, Plant and Equipment

Property, plant and equipment is stated at cost. Depreciation of property, plant and equipment is generally computed using the straight-line method over their estimated economic lives. For land improvements, buildings and building improvements, the estimated economic life is generally

years. Estimated economic lives range from

three

fifteen

years for machinery, equipment, furniture and fixtures. Leasehold improvements are amortized over the shorter of their economic life or the respective lease term using the straight-line method. Expenditures for maintenance, repairs and renewals of minor items are expensed as incurred. Major rebuilds and improvements are capitalized. Also included in plant and equipment are assets under finance lease, which are stated at the present value of minimum lease payments.

Long-lived Assets

The Company reviews the carrying value of amortizable long-lived assets whenever events or changes in circumstances indicate that the carrying amount of an asset

may

not

be recoverable. Recoverability of assets to be held for sale and held for use is measured by a comparison of the carrying amount of the asset to the undiscounted future net cash flows expected to be generated by the asset. If facts and circumstances indicate that the carrying value of an asset or groups of assets, as applicable, is impaired, the long-lived asset or groups of long-lived assets are written down to their estimated fair value.

Held for sale

The Company classifies long-lived assets or disposal groups as held for sale in the period: management commits to a plan to sell; the long-lived asset or disposal group is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such long-lived assets or disposal groups; an active program to locate a buyer and other actions required to complete the plan to sell have been initiated; the sale is probable within

one

year; the asset or disposal group is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. Long-lived assets and disposal groups classified as held for sale are measured at the lower of their carrying amount or fair value less costs to sell.

Leases

Our lease portfolio represents leases of real estate, including manufacturing, assembly and office facilities, while the remainder represents leases of personal property, including manufacturing and information technology equipment. We have lease agreements with lease and non-lease components, which are accounted for as a single lease component. Leases with an initial term of

months or less are

not

recorded on the balance sheet, and we recognize lease expense for these leases on a straight-line basis over the lease term. Generally, we use our incremental borrowing rate in determining the present value of lease payments, unless the implicit rate is readily available.

Stock-based Compensation

The Company accounts for stock-based compensation in accordance with the fair value recognition provisions using the Black-Scholes option-pricing method, which requires the input of several subjective assumptions. These assumptions include estimating the length of time employees will retain their vested stock options before exercising them (expected term) and the estimated volatility of our common stock price over the expected term. Changes in the subjective assumptions can materially affect the fair value estimate of stock-based compensation and consequently, the related expense is recognized in the consolidated statements of operations.

Income Taxes

The Company uses the liability method in accounting for income taxes. Deferred tax assets and liabilities are recorded for temporary differences between the tax basis of assets and liabilities and their reported amounts in the consolidated financial statements, using the statutory tax rates in effect for the year in which the differences are expected to reverse. A valuation allowance is recorded to reduce the carrying amounts of deferred tax assets unless it is more likely than

not

that such assets will be realized.

In the ordinary course of business there is inherent uncertainty in quantifying the Company’s income tax positions. The Company assesses its income tax positions and records tax benefits for all years subject to examination based upon management’s evaluation of the facts, circumstances, and information available at the reporting dates. For those tax positions where it is more-likely-than-

not

that a tax benefit will be sustained, the Company has recorded the largest amount of tax benefit with a greater than

50%

likelihood of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. For those income tax positions where it is

not

more-likely-than-

not

that a tax benefit will be sustained,

tax benefit has been recognized in the financial statements. Where applicable, associated interest has also been recognized.

The Company recognizes liabilities or assets for the deferred tax consequences of temporary differences between the tax bases of assets or liabilities and their reported amounts in the financial statements in accordance with ASC

740,

Income Taxes

. The Company recognizes interest accrued related to unrecognized tax benefits in income tax expense. Penalties, if incurred, would be recognized as a component of income tax expense.

Net

Revenue

and Cost of Sales

The Company recognizes revenue when it satisfies a performance obligation by transferring control of a promised product or rendering a service to a customer. The amount of revenue recognized reflects the consideration the Company expects to be entitled to in exchange for the product or service (the “transaction price”). The Company’s transaction price in its contracts with customers is generally fixed;

payment discounts, rebates or refunds are included within its contracts. The Company does

not

provide service-type warranties nor does it allow customer returns. In connection with the sale of various parts to customers, the Company is subject to typical assurance warranty obligations covering the compliance of the electronics parts produced to agreed-upon specifications. Customer returns, when they occur, relate to quality rework issues and are

not

connected to any repurchase obligation of the Company.

A performance obligation is a promise in a contract to transfer a distinct product or render a service to a customer and is the unit of account to which the transaction price is allocated under ASC

606,

Revenue from Contracts with Customers

(“ASC

606”

). When a contract contains multiple performance obligations, we allocate the transaction price to the individual performance obligations using the price at which the promised goods or services would be sold to customers on a standalone basis. For most sales within our Sypris Technologies segment and a portion of sales within Sypris Electronics, control transfers to the customer at a point in time. Indicators that control has transferred to the customer include the Company having a present right to payment, the customer obtaining legal title and the customer having the significant risks and rewards of ownership. The Company’s principal terms of sale are FOB Shipping Point, or equivalent, and, as such, the Company primarily transfers control and records revenue for product sales upon shipment.

For contracts where Sypris Electronics serves as a contractor for aerospace and defense companies under federally funded programs, we generally recognize revenue over time as we perform due to the continuous transfer of control to the customer. This continuous transfer of control to the customer is supported by clauses in the contracts that allow the customer to unilaterally terminate the contract for convenience, pay us for costs incurred plus a reasonable profit and take control of any work in process. Because control is transferred over time, revenue is recognized based on the extent of progress towards completion of the performance obligation. We use labor hours incurred as a measure of progress for these contracts because it best depicts the Company’s performance of the obligation to the customer, which occurs as we incur labor on our contracts. Under this measure of progress, the extent of progress towards completion is measured based on the ratio of labor hours incurred to date to the total estimated labor hours at completion of the performance obligation.

Our contract profit margins

may

include estimates of revenues for goods or services on which the customer and the Company have

not

reached final agreements, such as contract changes, settlements of disputed claims, and the final amounts of requested equitable adjustments permitted under the contract. These estimates are based upon management’s best assessment of the totality of the circumstances and are included in our contract profit based upon contractual provisions and our relationships with each customer.

Allowance for Doubtful Accounts

An allowance for uncollectible trade receivables is recorded when accounts are deemed uncollectible based on consideration of write-off history, aging analysis, and any specific, known troubled accounts.

Product Warranty Costs

The provision for estimated warranty costs is recorded at the time of sale and is periodically adjusted to reflect actual experience. The Company’s warranty liability, which is included in accrued liabilities in the accompanying balance sheets, as of

December

31,

2019

and

2018,

was

$569,000

and

$582,000,

respectively. The Company’s warranty expense for the years ended

December

31,

2019

and

2018

was

$156,000

and

$136,000,

respectively.

Concentrations of Credit Risk

Financial instruments which potentially expose the Company to concentrations of credit risk consist of accounts receivable. The Company’s customer base consists of a number of customers in diverse industries across geographic areas, primarily in North America and Mexico, and aerospace and defense companies under contract with the U.S. Government. The Company performs periodic credit evaluations of its customers’ financial condition and does

not

require collateral on its commercial accounts receivable. Credit losses are provided for in the consolidated financial statements and consistently have been within management’s expectations. Approximately

27%

of accounts receivable outstanding at

December

31,

2019

is due from

two

customers. More specifically, SubCom and Detroit Diesel comprise

17%

and

10%,

respectively, of

December

31,

2019

outstanding accounts receivables. Approximately

40%

of accounts receivable outstanding at

December

31,

2018

is due from

two

customers. More specifically, Northrop Grumman Corporation (Northrop Grumman) and Sistemas Automotrices de Mexico, S.A. de C. V. (Sistemas) comprise

22%

and

18%,

respectively, of

December

31,

2018

outstanding accounts receivables.

The Company’s largest customers for the year ended

December

31,

2019

were Sistemas, Detroit Diesel and Northrop Grummon, which represented approximately

22%,

14%

and

11%,

respectively, of the Company’s total net revenue. Detroit Diesel and Sistemas are both customers within the Sypris Technologies segment and Northrop Grummon is a customer within the Sypris Electronics segment. Sistemas, Northrop Grummon and Detroit Diesel were the Company’s largest customers for the year ended

December

31,

2018,

which represented approximately

19%,

14%

and

14%,

respectively, of the Company’s total net revenue.

other single customer accounted for more than

10%

of the Company’s total net revenue for the years ended

December

31,

2019

2018.

Foreign Currency Translation

The functional currency for the Company’s Mexican subsidiaries is the Mexican peso. Assets and liabilities are translated at the period end exchange rate, and income and expense items are translated at the weighted average exchange rate. The resulting translation adjustments are recorded in comprehensive loss as a separate component of stockholders’ equity. Remeasurement gains or losses for U.S. dollar denominated accounts of the Company’s Mexican subsidiaries are included in other income, net.

Collective Bargaining Agreements

Approximately

359,

57%

of the Company’s employees, all within Sypris Technologies, were covered by collective bargaining agreements at

December 31, 2019.

Excluding certain Mexico employees covered under an annually ratified agreement, there are

collective bargaining agreements expiring within the next

months. Certain Mexico employees are covered by an annually ratified collective bargaining agreement. These employees represented approximately

51%

of the Company’s workforce, or

319

employees as of

December

31,

2019.

Recently Issued Accounting Standards

February 2016,

the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”)

No.

2016

02,

Leases

(ASC

842

). The new standard was issued to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. This standard affects any entity that enters into a lease, with some specified scope exemptions.

SYPRIS SOLUTIONS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – CONTINUED

The Company adopted this update beginning on

January 1, 2019

using the alternative modified retrospective transition method and will

not

recast comparative periods in transition to the new standard. In addition, we elected certain practical expedients which permit us to

not

reassess whether existing contracts are or contain leases, to

not

reassess the lease classification of any existing leases, to

not

reassess initial direct costs for any existing leases, and to

not

separate lease and nonlease components for all classes of underlying assets. We also made an accounting policy election to keep leases with an initial term of

months or less off of the balance sheet for all classes of underlying assets. The adoption of ASC

842

January 1, 2019

resulted in the recognition of right-of-use assets (ROU) of approximately

$7,664,000

and lease liabilities of operating leases of approximately

$8,549,000.

The implementation decreased the accumulated deficit by

$1,442,000,

which was primarily due to the recognition of the remaining deferred gain related to the operating lease portion on a

2016

sale-leaseback directly into the accumulated deficit. There was

material impact to our consolidated statements of operations or cash flows as a result of the adoption of ASC

842.

See Note

for further information regarding the impact of the adoption of ASC

842

on the Company’s financial statements.

February 2018,

the FASB issued ASU

No.

2018

02,

Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income

(ASU

2018

). Under existing U.S. GAAP, the effects of changes in tax rates and laws on deferred tax balances are recorded as a component of income tax expense in the period in which the law was enacted. When deferred tax balances related to items originally recorded in accumulated other comprehensive income are adjusted, certain tax effects become stranded in accumulated other comprehensive income. The amendments in ASU

2018

allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act of

2017

(the “Tax Act”). The guidance was effective for fiscal years beginning after

December 15, 2018,

and interim periods within those fiscal years. Entities are required to make additional disclosures, regardless of whether they elect to reclassify stranded amounts of tax effects. The Company adopted the standard effective

January 1, 2019,

and has elected to

not

reclassify the income tax effects of the Tax Act from accumulated other comprehensive loss to accumulated deficit. The adoption of ASU

2018

did

not

have an impact on the Company’s consolidated financial statements.

June 2016,

the FASB issued ASU

2016

13,

Credit Losses – Measurement of Credit Losses on Financial Instruments

, new guidance for the accounting for credit losses on certain financial instruments. This guidance introduces a new approach to estimating credit losses on certain types of financial instruments and modifies the impairment model for available-for-sale debt securities. This guidance, which becomes effective

January 1, 2023,

not

expected to have a material impact on our consolidated financial statements.

August 2018,

the FASB issued ASU

2018

14,

Compensation – Retirement Benefits – Defined Benefit Plans – General, Disclosure Framework – Changes to the Disclosure Requirements for Defined Benefit Plans

. The guidance eliminated certain disclosures about defined benefit plans, added new disclosures, and clarified other requirements. This guidance becomes effective

January 1, 2020

and early adoption is permitted. There were

changes to interim disclosure requirements. Adoption of this guidance is

not

expected to have a material effect on our annual financial statement disclosures.

August 2018,

the FASB issued ASU

2018

15,

Intangibles-Goodwill and Other-Internal-Use Software: Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract

(ASU

2018

). ASU

2018

aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. This new guidance will be effective for public companies for fiscal years beginning after

December 15, 2019

and interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the effect that the new guidance will have on its consolidated financial statements and related disclosures. This guidance is

not

expected to have a material impact on our consolidated financial statements.

December 2019,

the FASB issued ASU

2019

12,

Income Taxes – Simplifying the Accounting for Income Taxes

. This guidance is intended to simplify various aspects of income tax accounting including the elimination of certain exceptions related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. The new guidance also simplifies aspects of the accounting for franchise taxes and enacted changes in tax laws or rates and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill. This guidance becomes effective

January 1, 2021

and early adoption is permitted. Adoption of this guidance requires certain changes to primarily be made prospectively, with some changes to be made retrospectively. We are currently assessing the impact of this guidance on our consolidated financial statements.

Note 2 - Leases

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Lessee, Operating and Finance Leases [Text Block]

(

)

Leases

The Company determines if an arrangement is a lease at its inception. The Company has entered into operating leases for real estate and personal property, including manufacturing and information technology equipment. These real estate leases have initial terms which range from

years, and often include

one

or more options to renew. These renewal terms can extend the lease term by

years, and will be included in the lease term when it is reasonably certain that the Company will exercise the option. The Company’s existing leases do

not

contain significant restrictive provisions; however, certain leases contain provisions for payment of real estate taxes, insurance and maintenance costs by the Company. The lease agreements do

not

contain any residual value guarantees. Some of the real estate lease agreements include periods of rent holidays and payments that escalate over the lease term by specified amounts. All operating lease expenses are recognized on a straight-line basis over the lease term. For finance leases, interest expense is recognized on the lease liability and the ROU asset is amortized over the lease term.

Some leases

may

require variable lease payments based on factors specific to the individual agreements. Variable lease payments for which we are typically responsible for include real estate taxes, insurance and common area maintenance expenses based on the Company’s pro-rata share, which are excluded from the measurement of the lease liability. Additionally,

one

of the Company’s real estate leases has lease payments that adjust based on annual changes in the Consumer Price Index (“CPI”). The leases that are dependent upon CPI are initially measured using the index or rate at the commencement date and are included in the measurement of the lease liability. Incremental payments due to changes in the index are treated as variable lease costs and expensed as incurred.

These operating leases are included in “Operating lease right-of-use assets” on the Company’s consolidated balance sheets as of

December

31,

2019,

and represent the Company’s right to use the underlying asset for the lease term. The Company’s obligations to make lease payments are included in “Operating lease liabilities, current portion” and “Operating lease liabilities, net of current portion” on the Company’s consolidated balance sheets as of

December

31,

2019.

Based on the present value of the lease payments for the remaining lease term of the Company’s existing leases, the Company recognized right-of-use assets of approximately

$7,664,000

and lease liabilities for operating leases of approximately

$8,549,000

January 1, 2019,

and included adjustments for any unamortized lease incentives and prepaid and accrued rent. Operating lease right-of-use assets and liabilities commencing after

January

2019

are recognized at the commencement date based on the present value of lease payments over the lease term. As of

December

31,

2019,

total right-of-use assets and operating lease liabilities were approximately

$7,014,000

and

$7,747,000,

respectively.

We primarily use our incremental borrowing rate, which is updated quarterly, based on the information available at commencement date, in determining the present value of lease payments. If readily available, we would use the implicit rate in a new lease to determine the present value of lease payments. The Company has certain contracts for real estate which

may

contain lease and non-lease components which it has elected to treat as a single lease component.

The Company has entered into various short-term operating leases, primarily for office equipment with an initial term of

twelve

months or less. Lease payments associated with short-term leases are expensed as incurred and are

not

recorded on the Company’s balance sheet. The related lease expense for short-term leases was

not

material for the year ended

December

31,

2019.

The following table presents information related to lease expense for the year ended

December

31,

2019

(in thousands):

Finance lease expense:
Amortization expense	$	481
Interest expense		348
Operating lease expense		1,406
Variable lease expense		272
Total lease expense	$	2,507

The following table presents supplemental cash flow information related to leases for the year ended

December

31,

2019

(in thousands):

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,436
Operating cash flows from finance leases		348
Financing cash flows from finance leases		632

The annual future minimum lease payments as of

December 31, 2019

are as follows (in thousands):

	Operating			Finance
	Leases			Leases
Next 12 months	$	1,424		$	945
12 to 24 months		1,476			644
24 to 36 months		1,492			612
36 to 48 months		1,509			612
48 to 60 months		1,318			559
Thereafter		2,931			595
Total lease payments		10,150			3,967
Less imputed interest		(2,403	)		(932	)
Total	$	7,747		$	3,035

For the year ended

December 31, 2018,

and under legacy lease accounting (ASC

840

), future minimum lease payments under non-cancellable leases as of

December 31, 2018

were expected to be as follows:

	Operating		Finance
	Leases		Leases
2019	$	1,453	$	927
2020		1,387		881
2021		1,430		580
2022		1,443		548
2023		1,459		548
Thereafter		4,101		1,143
Total lease payments		11,273		4,627
Less imputed interest				(1,230	)
Total			$	3,397

The following table presents certain information related to lease terms and discount rates for leases as of

December

31,

2019:

	Operating		Finance
	Leases		Leases
Weighted-average remaining lease term (years)		7.1		5.3
Weighted-average discount rate (percentage)		8.0		10.3

Note 3 - Revenue from Contracts with Customers

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

(

)

Revenue from Contracts with Customers

payment discounts, rebates or refunds are included within its contracts. The Company also does

not

). Customer returns, when they occur, relate to quality rework issues and are

not

connected to any repurchase obligation of the Company.

A performance obligation is a promise in a contract to transfer a distinct product or render a service to a customer and is the unit of account to which the transaction price is allocated under ASC

606.

When a contract contains multiple performance obligations, we allocate the transaction price to the individual performance obligations using the price at which the promised goods or services would be sold to customers on a standalone basis. For most sales within our Sypris Technologies segment and a portion of sales within Sypris Electronics, control transfers to the customer at a point in time. Indicators that control has transferred to the customer include the Company having a present right to payment, the customer obtaining legal title and the customer having the significant risks and rewards of ownership. The Company’s principal terms of sale are FOB Shipping Point, or equivalent, and, as such, the Company primarily transfers control and records revenue for product sales upon shipment.

For contracts where Sypris Electronics serves as a contractor for aerospace and defense companies under federally funded programs, we generally recognize revenue over time as we perform because of continuous transfer of control to the customer. This continuous transfer of control to the customer is supported by clauses in the contracts that allow the customer to unilaterally terminate the contract for convenience, pay us for costs incurred plus a reasonable profit and take control of any work in process. Because control is transferred over time, revenue is recognized based on the extent of progress towards completion of the performance obligation. We use labor hours incurred as a measure of progress for these contracts because it best depicts the Company’s performance of the obligation to the customer, which occurs as we incur labor on our contracts. Under this measure of progress, the extent of progress towards completion is measured based on the ratio of labor hours incurred to date to the total estimated labor hours at completion of the performance obligation.

Our contract profit margins

may

include estimates of revenues for goods or services on which the customer and the Company have

not

The majority of Sypris Electronics’ contractual arrangements with customers are for

one

year or less. For the remaining population of non-cancellable contracts greater than

one

year we had

$8,769,000

of remaining performance obligations as of

December

31,

2019,

all of which were long-term Sypris Electronics’ contracts. We expect to recognize approximately

41%

of our remaining performance obligations as revenue in

2020

and the balance in

2021.

Disaggregation of Revenue

The following table summarizes revenue from contracts with customers for the years ended

December

31,

2019

and

2018:

	December 31,
	2019		2018
Sypris Technologies – transferred point in time	$	61,683	$	59,816
Sypris Electronics – transferred point in time		6,201		5,800
Sypris Electronics – transferred over time		20,007		22,353
Net revenue	$	87,891	$	87,969

Differences in the timing of revenue recognition, billings and cash collections results in billed accounts receivable, unbilled receivables (contract assets) and deferred revenue, customer deposits and billings in excess of revenue recognized (contract liabilities) on the consolidated balance sheets.

Contract assets

– Contract assets include unbilled amounts typically resulting from sales under contracts where revenue is recognized over time and revenue recognized exceeds the amount billed to the customer, and the right to payment is subject to conditions other than the passage of time. Contract assets are generally classified as current assets in the consolidated balance sheet. The balance of contract assets as of

December

31,

2019

and

2018

were

$906,000

and

$839,000,

respectively, and are included within other current assets in the accompanying consolidated balance sheets.

Contract liabilities

– Some of the Company’s contracts within Sypris Electronics are billed as work progresses in accordance with the contract terms and conditions, either at periodic intervals or upon achievement of certain milestones. Often this results in billing occurring prior to revenue recognition resulting in contract liabilities. Additionally, the Company occasionally receives cash payments from customers in advance of the Company’s performance resulting in contract liabilities. These contract liabilities are classified as either current or long-term in the consolidated balance sheet based on the timing of when the Company expects to recognize revenue. As of

December

31,

2019,

the contract liabilities balance was

$7,504,000,

of which

$5,769,000

was included within accrued liabilities and

$1,735,000

was included within other liabilities in the accompanying consolidated balance sheets. As of

December

31,

2018,

the contract liabilities balance was

$8,369,000,

which was included within accrued liabilities in the accompanying consolidated balance sheets. Payments received from customers in advance of revenue recognition are

not

considered to be significant financing components because they are used to meet working capital demands that can be higher in the early stages of a contract.

The Company recognized revenue from contract liabilities of

$5,109,000

and

$1,121,000

during the years ended

December

31,

2019

and

2018,

respectively.

Practical expedients and exemptions

Sales commissions are expensed when incurred because the amortization period would have been

one

year or less. These costs are recorded in selling, general and administrative expense in the consolidated statements of operations.

We do

not

disclose the value of unsatisfied performance obligations for contracts with original expected lengths of

one

year or less.

Note 4 - Exit and Disposal Activities

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Restructuring and Related Activities Disclosure [Text Block]

(

)

Exit and Disposal Activities

During

2016,

the continued strength of the U.S. dollar, the tightening of margins in certain sectors of the commercial vehicle markets and the generally softening of certain key market segments led the Company to reevaluate the strategic importance of each of its customers to the Company’s long-term success. The Company has reduced its reliance on certain of its traditional Tier

customers that represent the primary suppliers to the original equipment manufacturers (“OEMs”) in the commercial vehicle markets, while targeting to replace these customers with more diversified, longer-term relationships, especially among the OEMs, Tier

suppliers and others who place a higher value on the Company’s innovation, flexibility and core commitment to lean manufacturing principles. Among the customer programs

not

being renewed were (i) a supply agreement with Meritor that expired on

January

2017

and (ii) the Company’s business with Eaton, both of which utilized production at the Company’s Broadway Plant.

February 21, 2017,

the Board of Directors approved a modified exit or disposal plan with respect to the Broadway Plant, which included the relocation of production to other Company facilities, as needed, and/or the closure of the plant. The relocation of production was complete as of the end of

2017.

The Company has relocated certain assets from the Broadway Plant to other manufacturing facilities, as needed, to serve its existing and target customer base and identified underutilized or non-core assets, including the Broadway Plant real estate, for disposal.

As a result of these initiatives, the Company recorded charges of

$509,000,

$0.02

per share, and

$1,394,000,

$0.07

per share, during

2019

and

2018,

respectively, related to the transition of production from the Broadway Plant, which is included in severance, relocation and other costs in the consolidated statement of operations. All amounts incurred were recorded within Sypris Technologies. The charges for

2019

were primarily related to mothball costs associated with the closed facility. The charges for

2018

included

$361,000

for equipment relocation costs and

$1,033,000

primarily related to mothball costs associated with the closed facility. A summary of the total pre-tax charges is as follows (in thousands):

			Costs Incurred
			Year		Total		Remaining
	Total		Ended		Recognized		Costs to be
	Program		Dec. 31, 2019		to date		Recognized
Severance and benefit related costs	$	1,350	$	0	$	1,350	$	0
Asset impairments		188		0		188		0
Equipment relocation costs		1,826		38		1,826		0
Other		1,609		471		1,546		63
	$	4,973	$	509	$	4,910	$	63

The Company expects to incur additional pre-tax costs of approximately

$63,000

within Sypris Technologies, all of which is expected to be cash expenditures.

As noted above, management expects to apply proceeds from the sale of underutilized or non-core assets to help fund the costs to transfer additional equipment from the Broadway Plant and the transition of the related production. The following assets have been segregated and included in assets held for sale in the consolidated balance sheets (in thousands):

	December 31,
	2019			2018
Property, plant and equipment	$	13,346		$	11,207
Accumulated depreciation	$	(11,113	)	$	(9,733	)
Property, plant and equipment, net	$	2,233		$	1,474

Note 5 - Other Income, Net

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Other Income and Other Expense Disclosure [Text Block]

(

)

Other Income, Net

The Company recognized other income of

$1,256,000

during the year ended

December

31,

2019.

During

2019,

the Company recognized a gain of

$1,500,000

as a result of a settlement agreement with

one

of its customers to resolve various outstanding disputes between the

two

parties. As a result of the agreement, the customer paid the Company

$1,500,000

in compensation during

2019.

Additionally, the Company recognized a net gain of

$654,000

in the year ended

December 31,

2019

related to the sale of idle assets and foreign currency related gains of

$152,000

related to the net U.S. dollar denominated monetary asset position of our Mexican subsidiaries for which the Mexican peso is the functional currency. This was offset by pension expense of

$970,000.

The Company recognized other income of

$1,436,000

during the year ended

December

31,

2018.

Subsequent to the transfer of production from the Broadway Plant, the primary water supply and sprinkler pipes within the facility suffered freeze damage during an extended period of extreme cold temperatures. The Company and its insurer reached a full and final settlement agreement with respect to the claim during the

second

quarter of

2018.

During the year ended

December 31,

2018,

the Company received insurance proceeds of

$2,447,000

and recognized an insurance recovery gain of

$2,275,000,

net of expenses incurred for claim related expenses. Additionally, the Company recognized foreign currency related gains of

$21,000,

a net loss of

$249,000

related to the sale of certain idle assets, and pension expense of

$584,000.

Note 6 - Accounts Receivable

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

(

)

Accounts Receivable

Accounts receivable consists of the following (in thousands):

	December 31,
	2019			2018
Commercial	$	7,494		$	9,962
Allowance for doubtful accounts		(50	)		(81	)
Net	$	7,444		$	9,881

Note 7 - Inventory

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Inventory Disclosure [Text Block]

(

)

Inventory

Inventory consists of the following (in thousands):

	December 31,
	2019			2018
Raw materials	$	15,139		$	12,354
Work in process	$	5,889		$	6,331
Finished goods	$	1,675		$	1,313
Reserve for excess and obsolete inventory	$	(1,919	)	$	(1,414	)
Total	$	20,784		$	18,584

Note 8 - Other Current Assets

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Other Current Assets [Text Block]

(

)

Other Current Assets

Other current assets consist of the following (in thousands):

	December 31,
	2019		2018
Prepaid expenses	$	835	$	576
Contract assets		906		839
Other		2,541		3,340
Total	$	4,282	$	4,755

Included in other current assets are income and VAT taxes refundable, tools, spare parts and other items,

none

of which exceed

of total current assets.

Note 9 - Property, Plant and Equipment

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

(

)

Property, Plant and Equipment

Property, plant and equipment consists of the following (in thousands):

	December 31,
	2019			2018
Land and land improvements	$	50		$	219
Buildings and building improvements		8,108			11,178
Machinery, equipment, furniture and fixtures		55,520			59,179
Construction in progress		371			2,141
		64,049			72,717
Accumulated depreciation		(52,374	)		(58,062	)
	$	11,675		$	14,655

Depreciation expense, including amortization of assets recorded under finance leases, totaled approximately

$2,671,000

and

$2,648,000

for the years ended

December

31,

2019

and

2018,

respectively. Capital expenditures included in accounts payable or accrued liabilities were

not

material at

December

31,

2019

and

2018,

respectively.

Included within property, plant and equipment were assets under finance leases as follows (in thousands):

	December 31,
	2019			2018
Buildings and building improvements	$	3,128		$	2,995
Machinery, equipment, furniture and fixtures		1,546			1,277
		4,674			4,272
Accumulated depreciation		(1,495	)		(976	)
	$	3,179		$	3,296

Note 10 - Other Assets

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Other Assets Disclosure [Text Block]

(

)

Other Assets

Other assets consist of the following (in thousands):

	December 31,
	2019		2018
Long term spare parts	$	183	$	646
Long term deposits		396		507
Pension asset		607		138
Other		343		224
Total	$	1,529	$	1,515

Note 11 - Accrued Liabilities

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Accrued Liabilities [Text Block]

(

)

Accrued Liabilities

Accrued liabilities consist of the following (in thousands):

	December 31,
	2019		2018
Salaries, wages, employment taxes and withholdings	$	2,416	$	2,019
Employee benefit plans		1,517		1,050
Accrued professional fees		966		821
Income, property and other taxes		355		453
Contract liabilities		5,769		8,369
Deferred gain from sale-leaseback		313		500
Other		1,159		1,753
Total	$	12,495	$	14,965

Included in other accrued liabilities are accrued operating expenses, accrued warranty expenses, accrued interest, and other items,

none

of which exceed

of total current liabilities.

Note 12 - Other Liabilities

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Other Liabilities Disclosure [Text Block]

(

)

Other Liabilities

Other liabilities consist of the following (in thousands):

	December 31,
	2019		2018
Noncurrent pension liability	$	4,026	$	4,272
Deferred gain from sale leaseback		1,616		3,093
Other		1,879		1,131
Total	$	7,539	$	8,496

Upon the adoption of Topic

842

January 1, 2019,

the remaining deferred gain is related to the finance lease portion on a

2016

sale lease-back related and is recognized in proportion to the amortization of the finance lease right-of-use asset. Included in other liabilities are long-term contract liabilities, deferred rent expenses and other items,

none

of which exceed

of total liabilities.

Note 13 - Debt

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Long-term Debt [Text Block]

(

)

Debt

Long-term obligations consists of the following (in thousands):

	December 31,
	2019			2018
Current:
Current portion of finance lease obligations	$	684		$	593

Long Term:
Note payable – related party	$	6,500		$	6,500
Finance lease obligations		2,351			2,804
Less unamortized debt issuance and modification costs		(37	)		(51	)
Long term debt and finance lease obligations, net of unamortized debt costs	$	8,813		$	9,253

The weighted average interest rate for outstanding borrowings at

December

31,

2019

and

2018

was

8.0%

The Company had

capitalized interest in

2019

2018.

Interest paid during the years ended

December

31,

2019

and

2018

totaled approximately

$526,000

and

$526,000,

respectively.

Note Payable – Related Party

The Company has received the benefit of cash infusions from GFCM in the form of secured promissory note obligations totaling

6,500,000

in principal as of

December

31,

2019

and

2018.

GFCM is an entity controlled by the Company’s chairman, president and chief executive officer, Jeffrey T. Gill and

one

of our directors, R. Scott Gill. GFCM, Jeffrey T. Gill and R. Scott Gill are significant beneficial stockholders of the Company. The promissory note bears interest at a rate of

8.0%

per year through

March 31, 2019

and, thereafter is reset on

April 1

of each year, at the greater of

8.0%

500

basis points above the

five

-year Treasury note average during the preceding

-day period, in each case, payable quarterly. The maturity dates for the obligation are as follows:

$2,500,000

of the obligation on

April

2021,

$2,000,000

April 1,

2023,

and the balance on

April

2025.

The note allows for up to an

-month deferral of payment for up to

60%

of the interest due on the portion of the notes maturing in

April

2021

and

2023.

Obligations under the promissory note are guaranteed by all of the subsidiaries and are secured by a

first

priority lien on substantially all assets of the Company.

Finance

Lease Obligation

March 9, 2016,

the Company completed the sale of its

-acre Toluca property for

215,000,000

Mexican Pesos, or approximately

$12,182,000

in U.S. dollars. Simultaneously, the Company entered into a

ten

-year lease of the

acres and buildings currently occupied by the Company and needed for its ongoing business in Toluca. As a result of the Toluca Sale-Leaseback, the Company has a finance lease obligation of

$2,421,000

for the building as of

December

31,

2019.

January 2018,

the Company entered into a

-month capital lease for

$1,277,000

for new production equipment installed at its Sypris Electronics facility during

2018.

The balance of the finance lease obligation as of

December

31,

2019

was

$384,000.

February 2019,

the Company entered into a

-month capital lease for

$269,000

for new machinery at its Sypris Technologies facility in the U.S. The balance of the finance lease obligation as of

December

31,

2019

was

$230,000.

Note 14 - Fair Value of Financial Instruments

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block]

(

)

Fair Value of Financial Instruments

Cash, accounts receivable, accounts payable and accrued liabilities are reflected in the consolidated financial statements at their carrying amount which approximates fair value because of the short-term maturity of those instruments. The carrying amount of debt outstanding at

December

31,

2019

approximates fair value, and is based upon a market approach (Level

Note 15 - Employee Benefit Plans

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Pension and Other Postretirement Benefits Disclosure [Text Block]

(

)

Employee Benefit Plans

Sypris Technologies sponsors noncontributory defined benefit pension plans (the “Pension Plans”) covering certain of its employees. The Pension Plans covering salaried and management employees provide pension benefits that are based on the employees’ highest

five

-year average compensation within

ten

years before retirement. The Pension Plans covering hourly employees and union members generally provide benefits at stated amounts for each year of service. All of the Company’s pension plans are frozen to new participants and certain plans are frozen to additional benefit accruals. The Company’s funding policy is to make the minimum annual contributions required by the applicable regulations. The Pension Plans’ assets are primarily invested in equity securities and fixed income securities.

The following table details the components of pension (income) expense (in thousands):

	Year ended December 31,
	2019			2018
Service cost	$	4		$	4
Interest cost on projected benefit obligation		1,407			1,315
Net amortization of actuarial loss		666			632
Expected return on plan assets		(1,103	)		(1,363	)
Net periodic benefit cost	$	974		$	588

The following are summaries of the changes in the benefit obligations and plan assets and of the funded status of the Pension Plans (in thousands):

	December 31,
	2019			2018
Change in benefit obligation:
Benefit obligation at beginning of year	$	34,690		$	39,179
Service cost		4			4
Interest cost		1,407			1,315
Actuarial (gain) loss		2,835			(2,913	)
Benefits paid		(2,886	)		(2,895	)
Benefit obligation at end of year	$	36,050		$	34,690

Change in plan assets:
Fair value of plan assets at beginning of year	$	30,199		$	34,398
Actual return on plan assets		4,043			(1,381	)
Company contributions		382			77
Benefits paid		(2,886	)		(2,895	)
Fair value of plan assets at end of year	$	31,738		$	30,199
Underfunded status of the plans	$	(4,312	)	$	(4,491	)

Balance sheet assets (liabilities):
Other assets	$	607		$	138
Accrued liabilities		(893	)		(357	)
Other liabilities		(4,026	)		(4,272	)
Net amount recognized	$	(4,312	)	$	(4,491	)

Pension plans with accumulated benefit obligation in excess of plan assets:
Projected benefit obligation	$	24,843		$	23,466
Accumulated benefit obligation		24,843			23,466
Fair value of plan assets		19,924			18,838

	December 31,
	2019			2018
Projected benefit obligation and net periodic pension cost assumptions:
Discount rate – projected benefit obligation	3.15%			4.25%
Discount rate – net periodic pension cost	4.25			3.55
Rate of compensation increase	4.00			4.00
Expected long-term rate of return on plan assets	3.65	–	3.90	3.95	–	4.30

Weighted average asset allocation:
Equity securities	18%			16%
Debt securities	78			80
Other	4			4
Total	100%			100%

The fair values of our pension plan assets as of

December 31, 2019

are as follows (in thousands):

			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

The fair values of our pension plan assets as of

December 31, 2018

are as follows (in thousands):

			Significant
	Quoted Prices		Other
	In Active		Observable
	Markets		Inputs
	(Level 1)		(Level 2)
Asset categories:
Cash and cash equivalents	$	1,415	$	0
Equity securities:
U.S. Large Cap		1,590		0
U.S. Mid Cap		967		0
U.S. Small Cap		489		0
World Equity		1,886		0
Real Estate		458		0
Other		690		0
Fixed income securities		5,237		17,467
Total Plan Assets	$	12,732	$	17,467

Investments in our defined benefit plans are stated at fair value. The following valuation methods were used to value our pension assets:

	Equity securities	The fair value of equity securities is determined by either direct or indirect quoted market prices. When the value of assets held in separate accounts is not published, the value is based on the underlying holdings, which are primarily direct quoted market prices on regulated financial exchanges.

	Fixed income securities	The fair value of fixed income securities is determined by either direct or indirect quoted market prices. When the value of assets held in separate accounts is not published, the value is based on the underlying holdings, which are primarily direct quoted market prices on regulated financial exchanges.

	Cash and cash equivalents	The fair value of cash and cash equivalents is set equal to its cost.

The methods described above

may

produce a fair value calculation that

may

not

be indicative of net realizable value or reflective of future fair values. Furthermore, while the Company believes the valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

The Company uses

December

as the measurement date for the Pension Plans. Total estimated contributions expected to be paid to the plans during

2020

$893,000,

which represents the minimum funding amounts required by federal law. The expected long-term rates of return on plan assets for determining net periodic pension cost for

2019

and

2018

were chosen by the Company from a best estimate range determined by applying anticipated long-term returns and long-term volatility for various assets categories to the target asset allocation of the plan. The target asset allocation of plan assets is equity securities ranging

55%,

fixed income securities ranging

100%

and non-traditional/other of

10%

of total investments.

When establishing the expected long-term rate of return on our U.S. pension plan assets, the Company considered historical performance and forward looking return estimates reflective of our portfolio mix and investment strategy. Based on the most recent analysis of projected portfolio returns, the Company concluded that the use of

3.90%

for the Louisville Hourly Plan,

3.85%

for the Marion Plan and

3.65%

for the Louisville Salaried Plan as the expected return on our U.S. pension plan assets for

2019

was appropriate.

Actuarial gains and losses, which are primarily the result of changes in the discount rate and other assumptions and differences between actual and expected asset returns, are deferred in Accumulated other comprehensive loss and amortized to expense following the corridor approach. We use the average remaining service period of active participants unless almost all of the plan’s participants are inactive, in which case we use the average remaining life expectancy for all active and inactive participants. Accumulated other comprehensive loss at

December

31,

2019

includes

$13,007,000

of unrecognized actuarial losses that have

not

yet been recognized in net periodic pension cost. The actuarial loss included in accumulated other comprehensive loss and expected to be recognized in net periodic pension cost during the fiscal year ending

December

31,

2020

$635,000.

The actual loss reclassified from accumulated other comprehensive loss for

2019

and

2018

was

$666,000

and

$632,000,

respectively.

December

31,

2019,

the benefits expected to be paid in each of the next

five

fiscal years, and in aggregate for the

five

fiscal years thereafter are as follows (in thousands):

2020	$	2,839
2021		2,782
2022		2,715
2023		2,638
2024		2,571
2025-2029		11,582
Total	$	25,127

The Company sponsors a defined contribution plan (the “Defined Contribution Plan”) for substantially all domestic employees of the Company. The Defined Contribution Plan is intended to meet the requirements of Section

401

(k) of the Internal Revenue Code. The Defined Contribution Plan allows the Company to match participant contributions up to

and provide discretionary contributions. In connection with the matching contributions, the Company recognized compensation expense of approximately

$392,000

and

$376,000

2019

and

2018,

respectively.

In addition, certain of the Company’s non-U.S. employees are covered by various defined benefit and defined contribution plans. The Company’s expenses for these plans totaled approximately

$40,000

and

$41,000

2019

and

2018,

respectively. The aggregate benefit plan assets and accumulated benefit obligation of these plans are

not

significant.

Note 16 - Commitments and Contingencies

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

(

)

Commitments and Contingencies

As of

December

31,

2019,

the Company had outstanding purchase commitments of approximately

$8,792,000

primarily for the acquisition of inventory. These commitments are for goods and services to be acquired in the ordinary course of business and are fulfilled by our vendors within a short period of time.

The Company bears insurance risk as a member of a group captive insurance entity for certain general liability, automobile and workers’ compensation insurance programs and a self-insured employee health program. The Company records estimated liabilities for its insurance programs based on information provided by the

third

-party plan administrators, historical claims experience, expected costs of claims incurred but

not

paid, and expected costs to settle unpaid claims. The Company monitors its estimated insurance-related liabilities on a quarterly basis. As facts change, it

may

become necessary to make adjustments that could be material to the Company’s consolidated results of operations and financial condition.

The Company is involved in certain litigation and contract issues arising in the normal course of business. While the outcome of these matters cannot, at this time, be predicted in light of the uncertainties inherent therein, management does

not

expect that these matters will have a material adverse effect on the consolidated financial position or results of operations of the Company. Additionally, the Company believes its product liability insurance is adequate to cover all potential product liability claims.

The Company accounts for loss contingencies in accordance with U.S. generally accepted accounting principles (GAAP). Estimated loss contingencies are accrued only if the loss is probable and the amount of the loss can be reasonably estimated. With respect to a particular loss contingency, it

may

be probable that a loss has occurred but the estimate of the loss is within a range or undeterminable. If the Company deems an amount within the range to be a better estimate than any other amount within the range, that amount will be accrued. However, if

amount within the range is a better estimate than any other amount, the minimum amount of the range is accrued.

The Company has various current and previously-owned facilities subject to a variety of environmental regulations. The Company has received certain indemnifications from either companies previously owning these facilities or from purchasers of those facilities. As of

December

31,

2019

and

2018,

amounts were accrued for any environmental matters. See “Legal Proceedings” in Part I, Item

of this Annual Report on Form

-K.

December 27, 2017,

the U.S. Department of Labor (the “DOL”) filed a lawsuit alleging that the Company had misinterpreted the language of its Company’s

401

(k) Plans (collectively, the “Plan”). The DOL does

not

appear to dispute that the Company reached such interpretation in good faith and after consulting with independent ERISA counsel. If the DOL’s allegations were upheld by a court, the Company could be required to make additional contributions into the accounts of its Plan participants. The Company regards the DOL’s allegations to be without merit and is continuing to vigorously defend the matter.

During the

fourth

quarter of

2018,

the Company resolved an outstanding disputed legal fee for an amount less than originally charged. The resolution of the disputed legal fee resulted in a decrease in selling, general and administrative expense of

$1,890,000

for the year ended

December 31, 2018.

Note 17 - Stock Option and Purchase Plans

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Share-based Payment Arrangement [Text Block]

(

)

Stock Option and Purchase Plans

The Company’s stock compensation program provides for the grant of restricted stock (including performance-based restricted stock), unrestricted stock, stock options and stock appreciation rights. A total of

3,655,088

shares of common stock were registered for issuance under the

2010

Omnibus Plan. On

May 19, 2015,

the

2010

Omnibus Plan was replaced with the

2015

Omnibus Plan. A total of

3,476,021

shares were registered for issuance under the

2015

Omnibus Plan. Additionally, awards under the

2010

Omnibus Plan that are cancelled without having been fully exercised or vested are available again for new awards under the

2015

Omnibus Plan. The aggregate number of shares available for future grant as of

December

31,

2019

and

2018

was

1,153,271

and

1,444,771,

respectively.

The

2010

and

2015

Omnibus Plans provide for restrictions which lapse after

thre

years. During the restricted period, which is commensurate with each vesting period, the recipient has the right to receive dividends and voting rights for the shares. Generally, if a recipient leaves the Company before the end of the restricted period or if performance requirements, if any, are

not

met, the shares will be forfeited.

Under the plans, the Company

may

grant options to purchase common stock to officers, key employees and non-employee directors. Options

may

be granted at

not

less than the market price on the date of grant. Stock option grants under the

2010

and

2015

Omnibus Plans include a

five

year life along with vesting after

three

years of service.

Compensation expense is measured based on the fair value at the date of grant and is recognized on a straight-line basis over the vesting period. Fair value for restricted shares is equal to the stock price on the date of grant, while the fair value of each stock option grant is estimated on the date of grant using the Black-Scholes option-pricing method. The Company uses historical Company and industry data to estimate the expected price volatility, the expected option life and the expected dividend yield. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant for the estimated life of the option. Forfeitures are recorded as they occur. Stock based compensation expense of

$469,000

and

$637,000

has been recorded in selling, general and administrative expense in the consolidated statements of operations for the years ended

December 31, 2019

and

2018,

respectively.

The following weighted average assumptions were used to estimate the fair value of options granted using the Black-Scholes option-pricing model:

	Year ended December 31,
	2019			2018
Expected life (years)		4.0			4.0
Expected volatility		53.9	%		51.8	%
Risk-free interest rates		2.30	%		2.65	%
Expected dividend yield		0.0	%		0.0	%

A summary of the restricted stock activity is as follows:

				Weighted-		Weighted-
				average		average		Aggregate
	Number of			Grant Date		Remaining		Intrinsic
	Shares			Fair Value		Term		Value
Nonvested shares at January 1, 2019		843,000		$	1.01
Granted		0			0
Vested		(508,500	)		0.99
Forfeited		(10,000	)		1.06
Nonvested shares at December 31, 2019		324,500		$	1.03		0.61	$	253,000

The total fair value of shares vested during

2019

and

2018

was

$533,000

and

$381,000,

respectively.

The following table summarizes option activity for the year ended

December 31, 2019:

				Weighted-		Weighted-
				average		average		Aggregate
	Number of			Exercise Price		Remaining		Intrinsic
	Shares			Per Share		Term		Value
Outstanding at January 1, 2019		2,326,250		$	1.47
Granted		706,000			1.06
Exercised		0			0
Forfeited		(160,000	)		1.48
Expired		(304,500	)		2.33
Outstanding at December 31, 2019		2,567,750		$	1.26		2.31	$	0
Exercisable at December 31, 2019		1,010,500		$	1.21		0.41	$	0

The weighted average grant date fair value based on the Black-Scholes option pricing model for options granted in the years ended

December

31,

2019

and

2018

was

$0.46

and

$0.69

per share, respectively. There were

options exercised in

2019

2018.

As of

December

31,

2019,

there was

$478,000

of total unrecognized compensation cost related to unvested share-based compensation granted under the plans. That cost is expected to be recognized over a weighted-average period of

1.0

year. The total fair value of option shares vested during the years ended

December

31,

2019

and

2018

was

$318,000

and

$184,000,

respectively.

Note 18 - Stockholders' Equity

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

(

)

Stockholders’ Equity

As of

December

31,

2019

and

2018,

24,850

shares of the Company’s preferred stock were designated as Series A Preferred Stock in accordance with the terms of our stockholder rights plan, which expired in

October 2011.

There are

shares of Series A Preferred Stock currently outstanding, and there are

current plans to issue any such shares.

The holders of our common stock were

not

entitled to any payment as a result of the expiration of the rights plan and the rights issued thereunder.

The Company’s accumulated other comprehensive loss consists of employee benefit related adjustments and foreign currency translation adjustments.

Accumulated other comprehensive loss consisted of the following (in thousands):

	December 31,
	2019			2018
Foreign currency translation adjustments, net of tax	$	(10,623	)	$	(10,967	)
Employee benefit related adjustments – U.S, net of tax.		(13,544	)		(14,177	)
Employee benefit related adjustments – Mexico, net of tax		116			302
Accumulated other comprehensive loss	$	(24,051	)	$	(24,842	)

Changes in each component of accumulated other comprehensive loss consisted of the following:

							Accumulated
	Foreign			Defined			Other
	Currency			Benefit			Comprehensive
	Translation			Plans			Loss
Balance at January 1, 2018	$	(10,915	)	$	(14,636	)	$	(25,551	)
Currency translation adjustments, net of tax		(52	)		0			(52	)
Net actuarial gain for the year, net of tax		0			276			276
Amortization for the year, net of tax		0			485			485
Balance at December 31, 2018	$	(10,967	)	$	(13,875	)	$	(24,842	)
Currency translation adjustments, net of tax		344			0			344
Net actuarial loss for the year, net of tax		0			(64	)		(64	)
Amortization for the year, net of tax		0			511			511
Balance at December 31, 2019	$	(10,623	)	$	(13,428	)	$	(24,051	)

Note 19 - Income Taxes

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Income Tax Disclosure [Text Block]

(

)

Income Taxes

The Company accounts for income taxes under the liability method. Accordingly, deferred income taxes have been provided for temporary differences between the recognition of revenue and expenses for financial and income tax reporting purposes and between the tax basis of assets and liabilities and their reported amounts in the consolidated financial statements.

The components of income (loss) before taxes are as follows (in thousands):

	Year ended December 31,
	2019			2018
Domestic	$	(5,337	)	$	(5,331	)
Foreign		1,384			1,621
Total	$	(3,953	)	$	(3,710	)

The components of income tax (benefit) expense are as follows (in thousands):

	Year ended December 31,
	2019			2018
Current:
Federal	$	0		$	0
State		(14	)		2
Foreign		270			302
Total current income tax expense		256			304
Deferred:
Federal		(217	)		(191	)
State		(23	)		(21	)
Foreign		(20	)		(297	)
Total deferred income tax (benefit) expense		(260	)		(509	)
Income tax (benefit) expense, net	$	(4	)	$	(205	)

Income tax (benefit) expense for each year is allocated to continuing operations, discontinued operations, extraordinary items, other comprehensive income, the cumulative effects of accounting changes, and other charges or credits recorded directly to shareholders’ equity. ASC

740

Income Taxes, Intraperiod Tax Allocation, Other Presentation Matters

includes an exception to the general principle of intraperiod tax allocations. The codification source states that the tax effect of pretax income or loss from continuing operations generally should be determined by a computation that considers only the tax effects of items that are included in continuing operations. The exception to that incremental approach is that all items (i.e. other comprehensive income, discontinued operations, etc.) be considered in determining the amount of tax benefit that results from a loss from continuing operations and that benefit should be allocated to continuing operations. That is, when a company has a current period loss from continuing operations, management must consider income recorded in other categories in determining the tax benefit that is allocated to continuing operations. This includes situations in which a company has recorded a full valuation allowance at the beginning and end of the period, and the overall tax provision for the year is zero. The intraperiod tax allocation is performed once the overall tax provision has been computed and allocates that provision to various income statement (continuing operations, discontinued operations), other comprehensive income and balance sheet captions. While the intraperiod tax allocation does

not

change the overall tax provision, it results in a gross-up of the individual components. Additionally, tax jurisdictions must be considered separately; therefore the allocation to the U.S. and Mexico must be looked at separately.

As the Company experienced a net loss from operations in the U.S. for the years ended

December

31,

2019

and

2018

and other comprehensive income from employee benefit adjustments, the Company has allocated income tax expense against the components of other comprehensive income in

2019

and

2018

using a

23.3%

effective tax rate. Income tax benefit for the years ended

December

31,

2019

and

2018

includes a benefit of

$240,000

and

$212,000,

respectively due to the required intraperiod tax allocation. Conversely, other comprehensive income for the years ended

December

31,

2019

and

2018

includes income tax expense of

$240,000

and

$212,000,

respectively.

December 22, 2017,

the U.S. bill commonly referred to as the Tax Cuts and Jobs Act (“Tax Reform Act”) was enacted, which significantly changed U.S. tax law by, among other things, lowering corporate income tax rates, implementing a territorial tax system and imposing a

one

-time repatriation tax on deemed repatriated earnings of foreign subsidiaries. The Tax Reform Act reduced the U.S. corporate income tax rate from a maximum of

35%

to a flat

21%

rate, effective

January 1, 2018.

The Tax Reform Act also provided for a

one

-time deemed repatriation of post-

1986

undistributed foreign subsidiary earnings and profits (“E&P”) through the year ended

December 31, 2017.

The Global Intangible Low-Taxed Income (“GILTI”) provisions of the Tax Reform Act require the Company to include in its U.S. income tax return foreign subsidiary earnings in excess of an allowable return on the foreign subsidiary’s tangible assets. The Company is subject to incremental U.S. tax on GILTI income due to expense allocations required by the U.S. foreign tax credit rules. The Company has elected to account for the GILTI tax in the period in which it is incurred, and therefore has

not

provided any deferred tax impacts of GILTI in its consolidated financial statements.

The Company files a consolidated federal income tax return which includes all domestic subsidiaries. State income taxes paid in the U.S. during

2019

and

2018

totaled

$37,000

and

$33,000,

respectively. State income tax refunds received in the U.S. during

2019

and

2018

totaled

$51,000

and

$12,000,

respectively. Foreign income taxes paid during

2019

and

2018

totaled

$293,000

and

$109,000,

respectively. There were

foreign refunds received in

2019

and

2018.

There were

federal taxes paid in

2019

and

2018.

The Company received federal refunds of

$92,000

2019

and there were

federal refunds received in

2018.

December

31,

2019,

the Company had

$136,127,000

of federal net operating loss carryforwards available to offset future federal taxable income. The pre-

2018

federal net operating loss carryforwards expire in various amounts from

2026

2037.

Federal net operating loss carryforwards generated in

2018

and forward will have an unlimited carryforward period as part of the Tax Act. The indefinite lived net operating loss carryforwards as of

December 31, 2019

are approximately

$1,769,000.

December

31,

2019,

the Company had

$2,537,000

of state net operating loss carryforwards available to offset future state taxable income, the majority of which relates to Florida and Kentucky. The pre-

2018

state net operating loss carryforwards totaling approximately

2,431,000

expire in various amounts from

2026

2037.

State net operating loss carryforwards generated in

2018

and forward will have an unlimited carryforward The indefinite lived state net operating loss carryforwards as of

December 31, 2019

are approximately

$106,000.

The following is a reconciliation of income tax (benefit) expense to that computed by applying the federal statutory rate to income (loss) before income taxes (in thousands):

	Year ended December 31,
	2019			2018
Federal tax expense at the statutory rate	$	(830	)	$	(779	)
Current year permanent differences		257			82
State income taxes, net of federal tax impact		(131	)		(118	)
Effect of tax rates of foreign subsidiaries		125			154
Currency translation effect on temporary differences		312			189
Change in valuation allowance		(2,377	)		358
Intraperiod tax allocation		(240	)		(212	)
State NOL carryforwards		3,326			320
Other items		(446	)		(199	)
Income tax (benefit) expense, net	$	(4	)	$	(205	)

ASC

740,

Income Taxes

requires that a valuation allowance be established when it is more likely than

not

that all or a portion of a deferred tax asset will

not

be realized. The net cumulative domestic and foreign losses for the current and prior

two

years represents negative evidence under the provisions of ASC

740

requiring the Company to establish a valuation allowance against all U.S. deferred tax assets and a portion of its non-U.S. deferred tax assets. Until an appropriate level and characterization of profitability is attained, the Company expects to continue to maintain a valuation allowance on its net deferred tax assets related to future U.S. and a portion of its non-U.S. tax benefits.

The gross deferred tax asset for the Company’s Mexican subsidiaries was

$4,054,000

and

$4,434,000

as of

December

31,

2019

and

2018,

respectively.

Deferred income tax assets and liabilities are as follows (in thousands):

	December 31,
	2019			2018
Deferred tax assets:
Compensation and benefit accruals	$	359		$	450
Inventory valuation		866			759
Federal and state net operating loss carryforwards		30,591			33,567
Deferred revenue		975			90
Accounts receivable allowance		8			11
Depreciation		85			39
Defined benefit pension plan		591			573
Lease liabilities		1,334			0
Foreign deferred revenue and other provisions		4,054			4,434
Other		661			874
Total		39,524			40,797
Domestic valuation allowance		(34,338	)		(36,363	)
Foreign valuation allowance		(3,717	)		(4,137	)
Total deferred tax assets		1,469			297
Deferred tax liabilities:
Right-of-use assets, net		(1,132	)		0
Total deferred tax liabilities		(1,132	)		0
Net deferred tax asset	$	337		$	297

The ASC Income Tax topic includes guidance for the accounting for uncertainty in income taxes recognized in an enterprise’s financials. Specifically, the guidance prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The total amount of gross unrecognized tax benefits as of

December 31, 2019

and

2018

was

200,000

There were

changes to the unrecognized tax benefit balance during the years ended

December

31,

2019

and

2018.

If the Company’s positions are sustained by the taxing authority, the entire balance at

December

31,

2019

would reduce the Company’s effective tax rate. The Company does

not

expect its unrecognized tax benefits to change significantly over the next

months. The Company recognizes accrued interest and penalties related to uncertain tax positions in income tax expense. As of

December

31,

2019

and

2018,

the Company does

not

have an accrual for the payment of tax-related interest and penalties.

The Company files income tax returns in the U.S. federal jurisdiction, and various state and foreign jurisdictions. The Internal Revenue Service (IRS) is

not

currently examining the Company’s U.S. income tax returns for

2016

through

2018,

for which the statute has yet to expire. In addition, open tax years related to state and foreign jurisdictions remain subject to examination.

Note 20 - Loss Per Common Share

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

(

)

Loss

Per Common Share

The Company computes earnings per share using the

two

-class method, which is an earnings allocation formula that determines earnings per share for common stock and participating securities. Restricted stock granted by the Company is considered a participating security since it contains a non-forfeitable right to dividends.

Our potentially dilutive securities include potential common shares related to our stock options and restricted stock. Diluted earnings per share considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential common shares would have an anti-dilutive effect. Diluted earnings per share excludes the impact of common shares related to our stock options in periods in which the option exercise price is greater than the average market price of our common stock for the period. All potential common shares were excluded from diluted earnings per share for the years ended

December

31,

2019

and

2018

because the effect of inclusion would be anti-dilutive.

A reconciliation of the weighted average shares outstanding used in the calculation of basic and diluted loss per common share is as follows (in thousands):

	Year ended December 31,
	2019			2018
Loss attributable to stockholders:
Net loss as reported	$	(3,949	)	$	(3,505	)
Less distributed and undistributed earnings allocable to restricted award holders		0			0
Net loss allocable to common stockholders	$	(3,949	)	$	(3,505	)

Loss per common share attributable to stockholders:
Basic	$	(0.19	)	$	(0.17	)
Diluted	$	(0.19	)	$	(0.17	)
Weighted average shares outstanding – basic		20,865			20,512
Weighted average additional shares assuming conversion of potential common shares		0			0
Weighted average shares outstanding – diluted		20,865			20,512

Note 21 - Segment Data

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

(

)

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

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,
	2019			2018
Net revenue from unaffiliated customers:
Sypris Technologies	$	61,683		$	59,816
Sypris Electronics		26,208			28,153
	$	87,891		$	87,969
Gross profit:
Sypris Technologies	$	9,785		$	7,523
Sypris Electronics		98			49
	$	9,883		$	7,572
Operating income (loss):
Sypris Technologies	$	4,257		$	3,207
Sypris Electronics		(2,999	)		(2,555	)
General, corporate and other		(5,564	)		(4,948	)
	$	(4,306	)	$	(4,296	)
Interest expense, net:
Sypris Technologies	$	377		$	293
Sypris Electronics		63			117
General, corporate and other		463			440
	$	903		$	850
Other (income) expense, net:
Sypris Technologies	$	272		$	(1,434	)
Sypris Electronics		(33	)		0
General, corporate and other		(1,495	)		(2	)
	$	(1,256	)	$	(1,436	)
Income (loss) before income taxes:
Sypris Technologies	$	3,609		$	4,349
Sypris Electronics		(3,029	)		(2,672	)
General, corporate and other		(4,533	)		(5,387	)
	$	(3,953	)	$	(3,710	)
Income tax expense (benefit), net:
Sypris Technologies	$	250		$	5
Sypris Electronics		0			0
General, corporate and other		(254	)		(210	)
	$	(4	)	$	(205	)

	Year ended December 31,
	2019		2018
Depreciation and amortization:
Sypris Technologies	$	1,927	$	2,029
Sypris Electronics		506		515
General, corporate and other		238		104
	$	2,671	$	2,648
Capital expenditures:
Sypris Technologies	$	693	$	1,311
Sypris Electronics		97		173
General, corporate and other		69		567
	$	859	$	2,051

	December 31,
	2019		2018
Total assets:
Sypris Technologies	$	29,694	$	31,312
Sypris Electronics		24,985		19,208
General, corporate and other		5,377		11,048
	$	60,056	$	61,568
Total liabilities:
Sypris Technologies	$	19,989	$	23,644
Sypris Electronics		17,416		15,180
General, corporate and other		9,220		7,910
	$	46,625	$	46,734

The Company’s export sales from the U.S. totaled

$7,239,000

and

$4,155,000

2019

and

2018,

respectively. Approximately

$40,536,000

and

$39,744,000

of net revenue in

2019

and

2018,

respectively, and

$6,669,000

and

$7,162,000

of long lived assets at

December

31,

2019

and

2018,

respectively, and net assets of

$9,899,000

and

$6,495,000

December

31,

2019

and

2018

relate to the Company’s international operations.

Significant Accounting Policies (Policies)	12 Months Ended
Significant Accounting Policies (Policies)	Dec. 31, 2019
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Consolidation Policy The accompanying consolidated financial statements include the accounts of Sypris Solutions, Inc. and its wholly-owned subsidiaries (collectively, “Sypris” or the “Company”) and have been prepared by the Company in accordance with the rules and regulations of the Securities and Exchange Commission. The Company’s operations are domiciled in the United States (U.S.) and Mexico and serve a wide variety of domestic and international customers. All intercompany accounts and transactions have been eliminated.
Nature of Business [Policy Text Block]	Nature of Business Sypris is a diversified provider of truck components, oil and gas pipeline components and aerospace and defense electronics. The Company produces a wide range of manufactured products, often under multi-year, sole-source contracts with corporations and government agencies. The Company offers such products through its two business segments, Sypris Technologies, Inc. (“Sypris Technologies”) and Sypris Electronics, LLC (“Sypris Electronics”). Sypris Technologies derives its 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 derives its revenue primarily from circuit card and box build manufacturing, high reliability manufacturing and systems assembly and integration. Most products are built to the customer’s design specifications. The Company also provides engineering design services and repair or inspection services. See Note 21 for additional information regarding our segments.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of the consolidated financial statements and accompanying notes in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported. Changes in facts and circumstances could have a significant impact on the resulting estimated amounts included in our consolidated financial statements. Actual results could differ from these estimates.
Fair Value Measurement, Policy [Policy Text Block]	Fair Value Estimates The Company estimates fair value of its financial instruments utilizing an established three -level hierarchy. The hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date as follows: Level 1 – Valuation is based upon unadjusted quoted prices for identical assets or liabilities in active markets. Level 2 – Valuation is based upon quoted prices for similar assets and liabilities in active markets, or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instruments. Level 3 – Valuation is based upon other unobservable inputs that are significant to the fair value measurements.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash Equivalents Cash equivalents include all highly liquid investments with a maturity of three months or less when purchased.
Inventory, Policy [Policy Text Block]	Inventory Inventory is stated at the lower of cost or estimated net realizable value. Costs for raw materials, work in process and finished goods is determined under the first -in, first -out method. Indirect inventories, which include perishable tooling, repair parts and other materials consumed in the manufacturing process but not incorporated into finished products are classified as raw materials. The Company’s reserve for excess and obsolete inventory is primarily based upon forecasted demand for its product sales, and any change to the reserve arising from forecast revisions is reflected in cost of sales in the period the revision is made.
Property, Plant and Equipment, Policy [Policy Text Block]	Property, Plant and Equipment Property, plant and equipment is stated at cost. Depreciation of property, plant and equipment is generally computed using the straight-line method over their estimated economic lives. For land improvements, buildings and building improvements, the estimated economic life is generally 40 years. Estimated economic lives range from three to fifteen years for machinery, equipment, furniture and fixtures. Leasehold improvements are amortized over the shorter of their economic life or the respective lease term using the straight-line method. Expenditures for maintenance, repairs and renewals of minor items are expensed as incurred. Major rebuilds and improvements are capitalized. Also included in plant and equipment are assets under finance lease, which are stated at the present value of minimum lease payments.
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block]	Long-lived Assets The Company reviews the carrying value of amortizable long-lived assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held for sale and held for use is measured by a comparison of the carrying amount of the asset to the undiscounted future net cash flows expected to be generated by the asset. If facts and circumstances indicate that the carrying value of an asset or groups of assets, as applicable, is impaired, the long-lived asset or groups of long-lived assets are written down to their estimated fair value. Held for sale The Company classifies long-lived assets or disposal groups as held for sale in the period: management commits to a plan to sell; the long-lived asset or disposal group is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such long-lived assets or disposal groups; an active program to locate a buyer and other actions required to complete the plan to sell have been initiated; the sale is probable within one year; the asset or disposal group is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. Long-lived assets and disposal groups classified as held for sale are measured at the lower of their carrying amount or fair value less costs to sell.
Share-based Payment Arrangement [Policy Text Block]	Stock-based Compensation The Company accounts for stock-based compensation in accordance with the fair value recognition provisions using the Black-Scholes option-pricing method, which requires the input of several subjective assumptions. These assumptions include estimating the length of time employees will retain their vested stock options before exercising them (expected term) and the estimated volatility of our common stock price over the expected term. Changes in the subjective assumptions can materially affect the fair value estimate of stock-based compensation and consequently, the related expense is recognized in the consolidated statements of operations.
Income Tax, Policy [Policy Text Block]	Income Taxes The Company uses the liability method in accounting for income taxes. Deferred tax assets and liabilities are recorded for temporary differences between the tax basis of assets and liabilities and their reported amounts in the consolidated financial statements, using the statutory tax rates in effect for the year in which the differences are expected to reverse. A valuation allowance is recorded to reduce the carrying amounts of deferred tax assets unless it is more likely than not that such assets will be realized. In the ordinary course of business there is inherent uncertainty in quantifying the Company’s income tax positions. The Company assesses its income tax positions and records tax benefits for all years subject to examination based upon management’s evaluation of the facts, circumstances, and information available at the reporting dates. For those tax positions where it is more-likely-than- not that a tax benefit will be sustained, the Company has recorded the largest amount of tax benefit with a greater than 50% likelihood of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. For those income tax positions where it is not more-likely-than- not that a tax benefit will be sustained, no tax benefit has been recognized in the financial statements. Where applicable, associated interest has also been recognized. The Company recognizes liabilities or assets for the deferred tax consequences of temporary differences between the tax bases of assets or liabilities and their reported amounts in the financial statements in accordance with ASC 740, Income Taxes . The Company recognizes interest accrued related to unrecognized tax benefits in income tax expense. Penalties, if incurred, would be recognized as a component of income tax expense.
Cost of Goods and Service [Policy Text Block]	Net Revenue and Cost of Sales The Company recognizes revenue when it satisfies a performance obligation by transferring control of a promised product or rendering a service to a customer. The amount of revenue recognized reflects the consideration the Company expects to be entitled to in exchange for the product or service (the “transaction price”). The Company’s transaction price in its contracts with customers is generally fixed; no payment discounts, rebates or refunds are included within its contracts. The Company does not provide service-type warranties nor does it allow customer returns. In connection with the sale of various parts to customers, the Company is subject to typical assurance warranty obligations covering the compliance of the electronics parts produced to agreed-upon specifications. Customer returns, when they occur, relate to quality rework issues and are not connected to any repurchase obligation of the Company. A performance obligation is a promise in a contract to transfer a distinct product or render a service to a customer and is the unit of account to which the transaction price is allocated under ASC 606, Revenue from Contracts with Customers (“ASC 606” ). When a contract contains multiple performance obligations, we allocate the transaction price to the individual performance obligations using the price at which the promised goods or services would be sold to customers on a standalone basis. For most sales within our Sypris Technologies segment and a portion of sales within Sypris Electronics, control transfers to the customer at a point in time. Indicators that control has transferred to the customer include the Company having a present right to payment, the customer obtaining legal title and the customer having the significant risks and rewards of ownership. The Company’s principal terms of sale are FOB Shipping Point, or equivalent, and, as such, the Company primarily transfers control and records revenue for product sales upon shipment. For contracts where Sypris Electronics serves as a contractor for aerospace and defense companies under federally funded programs, we generally recognize revenue over time as we perform due to the continuous transfer of control to the customer. This continuous transfer of control to the customer is supported by clauses in the contracts that allow the customer to unilaterally terminate the contract for convenience, pay us for costs incurred plus a reasonable profit and take control of any work in process. Because control is transferred over time, revenue is recognized based on the extent of progress towards completion of the performance obligation. We use labor hours incurred as a measure of progress for these contracts because it best depicts the Company’s performance of the obligation to the customer, which occurs as we incur labor on our contracts. Under this measure of progress, the extent of progress towards completion is measured based on the ratio of labor hours incurred to date to the total estimated labor hours at completion of the performance obligation. Our contract profit margins may include estimates of revenues for goods or services on which the customer and the Company have not reached final agreements, such as contract changes, settlements of disputed claims, and the final amounts of requested equitable adjustments permitted under the contract. These estimates are based upon management’s best assessment of the totality of the circumstances and are included in our contract profit based upon contractual provisions and our relationships with each customer.
Premiums Receivable, Allowance for Doubtful Accounts, Estimation Methodology, Policy [Policy Text Block]	Allowance for Doubtful Accounts An allowance for uncollectible trade receivables is recorded when accounts are deemed uncollectible based on consideration of write-off history, aging analysis, and any specific, known troubled accounts.
Standard Product Warranty, Policy [Policy Text Block]	Product Warranty Costs The provision for estimated warranty costs is recorded at the time of sale and is periodically adjusted to reflect actual experience. The Company’s warranty liability, which is included in accrued liabilities in the accompanying balance sheets, as of December 31, 2019 and 2018, was $569,000 and $582,000, respectively. The Company’s warranty expense for the years ended December 31, 2019 and 2018 was $156,000 and $136,000, respectively.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentrations of Credit Risk Financial instruments which potentially expose the Company to concentrations of credit risk consist of accounts receivable. The Company’s customer base consists of a number of customers in diverse industries across geographic areas, primarily in North America and Mexico, and aerospace and defense companies under contract with the U.S. Government. The Company performs periodic credit evaluations of its customers’ financial condition and does not require collateral on its commercial accounts receivable. Credit losses are provided for in the consolidated financial statements and consistently have been within management’s expectations. Approximately 27% of accounts receivable outstanding at December 31, 2019 is due from two customers. More specifically, SubCom and Detroit Diesel comprise 17% and 10%, respectively, of December 31, 2019 outstanding accounts receivables. Approximately 40% of accounts receivable outstanding at December 31, 2018 is due from two customers. More specifically, Northrop Grumman Corporation (Northrop Grumman) and Sistemas Automotrices de Mexico, S.A. de C. V. (Sistemas) comprise 22% and 18%, respectively, of December 31, 2018 outstanding accounts receivables. The Company’s largest customers for the year ended December 31, 2019 were Sistemas, Detroit Diesel and Northrop Grummon, which represented approximately 22%, 14% and 11%, respectively, of the Company’s total net revenue. Detroit Diesel and Sistemas are both customers within the Sypris Technologies segment and Northrop Grummon is a customer within the Sypris Electronics segment. Sistemas, Northrop Grummon and Detroit Diesel were the Company’s largest customers for the year ended December 31, 2018, which represented approximately 19%, 14% and 14%, respectively, of the Company’s total net revenue. No other single customer accounted for more than 10% of the Company’s total net revenue for the years ended December 31, 2019 or 2018.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency Translation The functional currency for the Company’s Mexican subsidiaries is the Mexican peso. Assets and liabilities are translated at the period end exchange rate, and income and expense items are translated at the weighted average exchange rate. The resulting translation adjustments are recorded in comprehensive loss as a separate component of stockholders’ equity. Remeasurement gains or losses for U.S. dollar denominated accounts of the Company’s Mexican subsidiaries are included in other income, net.
Collective Bargaining Agreements [Policy Text Block]	Collective Bargaining Agreements Approximately 359, or 57% of the Company’s employees, all within Sypris Technologies, were covered by collective bargaining agreements at December 31, 2019. Excluding certain Mexico employees covered under an annually ratified agreement, there are no collective bargaining agreements expiring within the next 12 months. Certain Mexico employees are covered by an annually ratified collective bargaining agreement. These employees represented approximately 51% of the Company’s workforce, or 319 employees as of December 31, 2019.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Standards In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016 - 02, Leases (ASC 842 ). The new standard was issued to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. This standard affects any entity that enters into a lease, with some specified scope exemptions. The Company adopted this update beginning on January 1, 2019 using the alternative modified retrospective transition method and will not recast comparative periods in transition to the new standard. In addition, we elected certain practical expedients which permit us to not reassess whether existing contracts are or contain leases, to not reassess the lease classification of any existing leases, to not reassess initial direct costs for any existing leases, and to not separate lease and nonlease components for all classes of underlying assets. We also made an accounting policy election to keep leases with an initial term of 12 months or less off of the balance sheet for all classes of underlying assets. The adoption of ASC 842 on January 1, 2019 resulted in the recognition of right-of-use assets (ROU) of approximately $7,664,000 and lease liabilities of operating leases of approximately $8,549,000. The implementation decreased the accumulated deficit by $1,442,000, which was primarily due to the recognition of the remaining deferred gain related to the operating lease portion on a 2016 sale-leaseback directly into the accumulated deficit. There was no material impact to our consolidated statements of operations or cash flows as a result of the adoption of ASC 842. See Note 2 for further information regarding the impact of the adoption of ASC 842 on the Company’s financial statements. In February 2018, the FASB issued ASU No. 2018 - 02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (ASU 2018 - 02 ). Under existing U.S. GAAP, the effects of changes in tax rates and laws on deferred tax balances are recorded as a component of income tax expense in the period in which the law was enacted. When deferred tax balances related to items originally recorded in accumulated other comprehensive income are adjusted, certain tax effects become stranded in accumulated other comprehensive income. The amendments in ASU 2018 - 02 allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act of 2017 (the “Tax Act”). The guidance was effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Entities are required to make additional disclosures, regardless of whether they elect to reclassify stranded amounts of tax effects. The Company adopted the standard effective January 1, 2019, and has elected to not reclassify the income tax effects of the Tax Act from accumulated other comprehensive loss to accumulated deficit. The adoption of ASU 2018 - 02 did not have an impact on the Company’s consolidated financial statements. In June 2016, the FASB issued ASU 2016 - 13, Credit Losses – Measurement of Credit Losses on Financial Instruments , new guidance for the accounting for credit losses on certain financial instruments. This guidance introduces a new approach to estimating credit losses on certain types of financial instruments and modifies the impairment model for available-for-sale debt securities. This guidance, which becomes effective January 1, 2023, is not expected to have a material impact on our consolidated financial statements. In August 2018, the FASB issued ASU 2018 - 14, Compensation – Retirement Benefits – Defined Benefit Plans – General, Disclosure Framework – Changes to the Disclosure Requirements for Defined Benefit Plans . The guidance eliminated certain disclosures about defined benefit plans, added new disclosures, and clarified other requirements. This guidance becomes effective January 1, 2020 and early adoption is permitted. There were no changes to interim disclosure requirements. Adoption of this guidance is not expected to have a material effect on our annual financial statement disclosures. In August 2018, the FASB issued ASU 2018 - 15, Intangibles-Goodwill and Other-Internal-Use Software: Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract (ASU 2018 - 15 ). ASU 2018 - 15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. This new guidance will be effective for public companies for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the effect that the new guidance will have on its consolidated financial statements and related disclosures. This guidance is not expected to have a material impact on our consolidated financial statements. In December 2019, the FASB issued ASU 2019 - 12, Income Taxes – Simplifying the Accounting for Income Taxes . This guidance is intended to simplify various aspects of income tax accounting including the elimination of certain exceptions related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. The new guidance also simplifies aspects of the accounting for franchise taxes and enacted changes in tax laws or rates and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill. This guidance becomes effective January 1, 2021 and early adoption is permitted. Adoption of this guidance requires certain changes to primarily be made prospectively, with some changes to be made retrospectively. We are currently assessing the impact of this guidance on our consolidated financial statements.

Note 2 - Leases (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Lease, Cost [Table Text Block]

Finance lease expense:
Amortization expense	$	481
Interest expense		348
Operating lease expense		1,406
Variable lease expense		272
Total lease expense	$	2,507

Supplemental Cash Flow Information Related to Leases [Table Text Block]

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,436
Operating cash flows from finance leases		348
Financing cash flows from finance leases		632

Lessee, Operating and Finance Lease, Liability, Maturity [Table Text Block]

	Operating			Finance
	Leases			Leases
Next 12 months	$	1,424		$	945
12 to 24 months		1,476			644
24 to 36 months		1,492			612
36 to 48 months		1,509			612
48 to 60 months		1,318			559
Thereafter		2,931			595
Total lease payments		10,150			3,967
Less imputed interest		(2,403	)		(932	)
Total	$	7,747		$	3,035

Schedule of Future Minimum Lease Payments for Operating and Capital Leases [Table Text Block]

	Operating		Finance
	Leases		Leases
2019	$	1,453	$	927
2020		1,387		881
2021		1,430		580
2022		1,443		548
2023		1,459		548
Thereafter		4,101		1,143
Total lease payments		11,273		4,627
Less imputed interest				(1,230	)
Total			$	3,397

Lease Terms and Discount Rates for Leases [Table Text Block]

	Operating		Finance
	Leases		Leases
Weighted-average remaining lease term (years)		7.1		5.3
Weighted-average discount rate (percentage)		8.0		10.3

Note 3 - Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Disaggregation of Revenue [Table Text Block]

	December 31,
	2019		2018
Sypris Technologies – transferred point in time	$	61,683	$	59,816
Sypris Electronics – transferred point in time		6,201		5,800
Sypris Electronics – transferred over time		20,007		22,353
Net revenue	$	87,891	$	87,969

Note 4 - Exit and Disposal Activities (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Restructuring and Related Costs [Table Text Block]

			Costs Incurred
			Year		Total		Remaining
	Total		Ended		Recognized		Costs to be
	Program		Dec. 31, 2019		to date		Recognized
Severance and benefit related costs	$	1,350	$	0	$	1,350	$	0
Asset impairments		188		0		188		0
Equipment relocation costs		1,826		38		1,826		0
Other		1,609		471		1,546		63
	$	4,973	$	509	$	4,910	$	63

Disposal Groups, Including Discontinued Operations [Table Text Block]

	December 31,
	2019			2018
Property, plant and equipment	$	13,346		$	11,207
Accumulated depreciation	$	(11,113	)	$	(9,733	)
Property, plant and equipment, net	$	2,233		$	1,474

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

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+ Details

Note 6 - Accounts Receivable (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	December 31,
	2019			2018
Commercial	$	7,494		$	9,962
Allowance for doubtful accounts		(50	)		(81	)
Net	$	7,444		$	9,881

Note 7 - Inventory (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Schedule of Inventory, Current [Table Text Block]

	December 31,
	2019			2018
Raw materials	$	15,139		$	12,354
Work in process	$	5,889		$	6,331
Finished goods	$	1,675		$	1,313
Reserve for excess and obsolete inventory	$	(1,919	)	$	(1,414	)
Total	$	20,784		$	18,584

Note 8 - Other Current Assets (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Schedule of Other Current Assets [Table Text Block]

	December 31,
	2019		2018
Prepaid expenses	$	835	$	576
Contract assets		906		839
Other		2,541		3,340
Total	$	4,282	$	4,755

Note 9 - Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Property, Plant and Equipment [Table Text Block]

	December 31,
	2019			2018
Land and land improvements	$	50		$	219
Buildings and building improvements		8,108			11,178
Machinery, equipment, furniture and fixtures		55,520			59,179
Construction in progress		371			2,141
		64,049			72,717
Accumulated depreciation		(52,374	)		(58,062	)
	$	11,675		$	14,655

	December 31,
	2019			2018
Buildings and building improvements	$	3,128		$	2,995
Machinery, equipment, furniture and fixtures		1,546			1,277
		4,674			4,272
Accumulated depreciation		(1,495	)		(976	)
	$	3,179		$	3,296

Note 10 - Other Assets (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Schedule of Other Assets [Table Text Block]

	December 31,
	2019		2018
Long term spare parts	$	183	$	646
Long term deposits		396		507
Pension asset		607		138
Other		343		224
Total	$	1,529	$	1,515

Note 11 - Accrued Liabilities (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Schedule of Accrued Liabilities [Table Text Block]

	December 31,
	2019		2018
Salaries, wages, employment taxes and withholdings	$	2,416	$	2,019
Employee benefit plans		1,517		1,050
Accrued professional fees		966		821
Income, property and other taxes		355		453
Contract liabilities		5,769		8,369
Deferred gain from sale-leaseback		313		500
Other		1,159		1,753
Total	$	12,495	$	14,965

Note 12 - Other Liabilities (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Other Liabilities [Table Text Block]

	December 31,
	2019		2018
Noncurrent pension liability	$	4,026	$	4,272
Deferred gain from sale leaseback		1,616		3,093
Other		1,879		1,131
Total	$	7,539	$	8,496

Note 13 - Debt (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Schedule of Long-term Debt Instruments [Table Text Block]

	December 31,
	2019			2018
Current:
Current portion of finance lease obligations	$	684		$	593

Long Term:
Note payable – related party	$	6,500		$	6,500
Finance lease obligations		2,351			2,804
Less unamortized debt issuance and modification costs		(37	)		(51	)
Long term debt and finance lease obligations, net of unamortized debt costs	$	8,813		$	9,253

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

Note 15 - Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Schedule of Net Benefit Costs [Table Text Block]

	Year ended December 31,
	2019			2018
Service cost	$	4		$	4
Interest cost on projected benefit obligation		1,407			1,315
Net amortization of actuarial loss		666			632
Expected return on plan assets		(1,103	)		(1,363	)
Net periodic benefit cost	$	974		$	588

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

	December 31,
	2019			2018
Change in benefit obligation:
Benefit obligation at beginning of year	$	34,690		$	39,179
Service cost		4			4
Interest cost		1,407			1,315
Actuarial (gain) loss		2,835			(2,913	)
Benefits paid		(2,886	)		(2,895	)
Benefit obligation at end of year	$	36,050		$	34,690

Change in plan assets:
Fair value of plan assets at beginning of year	$	30,199		$	34,398
Actual return on plan assets		4,043			(1,381	)
Company contributions		382			77
Benefits paid		(2,886	)		(2,895	)
Fair value of plan assets at end of year	$	31,738		$	30,199
Underfunded status of the plans	$	(4,312	)	$	(4,491	)

Balance sheet assets (liabilities):
Other assets	$	607		$	138
Accrued liabilities		(893	)		(357	)
Other liabilities		(4,026	)		(4,272	)
Net amount recognized	$	(4,312	)	$	(4,491	)

Pension plans with accumulated benefit obligation in excess of plan assets:
Projected benefit obligation	$	24,843		$	23,466
Accumulated benefit obligation		24,843			23,466
Fair value of plan assets		19,924			18,838

	December 31,
	2019			2018
Projected benefit obligation and net periodic pension cost assumptions:
Discount rate – projected benefit obligation	3.15%			4.25%
Discount rate – net periodic pension cost	4.25			3.55
Rate of compensation increase	4.00			4.00
Expected long-term rate of return on plan assets	3.65	–	3.90	3.95	–	4.30

Weighted average asset allocation:
Equity securities	18%			16%
Debt securities	78			80
Other	4			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	$	2,228	$	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

			Significant
	Quoted Prices		Other
	In Active		Observable
	Markets		Inputs
	(Level 1)		(Level 2)
Asset categories:
Cash and cash equivalents	$	1,415	$	0
Equity securities:
U.S. Large Cap		1,590		0
U.S. Mid Cap		967		0
U.S. Small Cap		489		0
World Equity		1,886		0
Real Estate		458		0
Other		690		0
Fixed income securities		5,237		17,467
Total Plan Assets	$	12,732	$	17,467

Schedule of Expected Benefit Payments [Table Text Block]

2020	$	2,839
2021		2,782
2022		2,715
2023		2,638
2024		2,571
2025-2029		11,582
Total	$	25,127

Note 17 - Stock Option and Purchase Plans (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]

	Year ended December 31,
	2019			2018
Expected life (years)		4.0			4.0
Expected volatility		53.9	%		51.8	%
Risk-free interest rates		2.30	%		2.65	%
Expected dividend yield		0.0	%		0.0	%

Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]

				Weighted-		Weighted-
				average		average		Aggregate
	Number of			Grant Date		Remaining		Intrinsic
	Shares			Fair Value		Term		Value
Nonvested shares at January 1, 2019		843,000		$	1.01
Granted		0			0
Vested		(508,500	)		0.99
Forfeited		(10,000	)		1.06
Nonvested shares at December 31, 2019		324,500		$	1.03		0.61	$	253,000

Share-based Payment Arrangement, Option, Activity [Table Text Block]

				Weighted-		Weighted-
				average		average		Aggregate
	Number of			Exercise Price		Remaining		Intrinsic
	Shares			Per Share		Term		Value
Outstanding at January 1, 2019		2,326,250		$	1.47
Granted		706,000			1.06
Exercised		0			0
Forfeited		(160,000	)		1.48
Expired		(304,500	)		2.33
Outstanding at December 31, 2019		2,567,750		$	1.26		2.31	$	0
Exercisable at December 31, 2019		1,010,500		$	1.21		0.41	$	0

Note 18 - Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Schedule of Stockholders Equity [Table Text Block]

	December 31,
	2019			2018
Foreign currency translation adjustments, net of tax	$	(10,623	)	$	(10,967	)
Employee benefit related adjustments – U.S, net of tax.		(13,544	)		(14,177	)
Employee benefit related adjustments – Mexico, net of tax		116			302
Accumulated other comprehensive loss	$	(24,051	)	$	(24,842	)

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

							Accumulated
	Foreign			Defined			Other
	Currency			Benefit			Comprehensive
	Translation			Plans			Loss
Balance at January 1, 2018	$	(10,915	)	$	(14,636	)	$	(25,551	)
Currency translation adjustments, net of tax		(52	)		0			(52	)
Net actuarial gain for the year, net of tax		0			276			276
Amortization for the year, net of tax		0			485			485
Balance at December 31, 2018	$	(10,967	)	$	(13,875	)	$	(24,842	)
Currency translation adjustments, net of tax		344			0			344
Net actuarial loss for the year, net of tax		0			(64	)		(64	)
Amortization for the year, net of tax		0			511			511
Balance at December 31, 2019	$	(10,623	)	$	(13,428	)	$	(24,051	)

Note 19 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

	Year ended December 31,
	2019			2018
Domestic	$	(5,337	)	$	(5,331	)
Foreign		1,384			1,621
Total	$	(3,953	)	$	(3,710	)

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Year ended December 31,
	2019			2018
Current:
Federal	$	0		$	0
State		(14	)		2
Foreign		270			302
Total current income tax expense		256			304
Deferred:
Federal		(217	)		(191	)
State		(23	)		(21	)
Foreign		(20	)		(297	)
Total deferred income tax (benefit) expense		(260	)		(509	)
Income tax (benefit) expense, net	$	(4	)	$	(205	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Year ended December 31,
	2019			2018
Federal tax expense at the statutory rate	$	(830	)	$	(779	)
Current year permanent differences		257			82
State income taxes, net of federal tax impact		(131	)		(118	)
Effect of tax rates of foreign subsidiaries		125			154
Currency translation effect on temporary differences		312			189
Change in valuation allowance		(2,377	)		358
Intraperiod tax allocation		(240	)		(212	)
State NOL carryforwards		3,326			320
Other items		(446	)		(199	)
Income tax (benefit) expense, net	$	(4	)	$	(205	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	December 31,
	2019			2018
Deferred tax assets:
Compensation and benefit accruals	$	359		$	450
Inventory valuation		866			759
Federal and state net operating loss carryforwards		30,591			33,567
Deferred revenue		975			90
Accounts receivable allowance		8			11
Depreciation		85			39
Defined benefit pension plan		591			573
Lease liabilities		1,334			0
Foreign deferred revenue and other provisions		4,054			4,434
Other		661			874
Total		39,524			40,797
Domestic valuation allowance		(34,338	)		(36,363	)
Foreign valuation allowance		(3,717	)		(4,137	)
Total deferred tax assets		1,469			297
Deferred tax liabilities:
Right-of-use assets, net		(1,132	)		0
Total deferred tax liabilities		(1,132	)		0
Net deferred tax asset	$	337		$	297

Note 20 - Loss Per Common Share (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	Year ended December 31,
	2019			2018
Loss attributable to stockholders:
Net loss as reported	$	(3,949	)	$	(3,505	)
Less distributed and undistributed earnings allocable to restricted award holders		0			0
Net loss allocable to common stockholders	$	(3,949	)	$	(3,505	)

Loss per common share attributable to stockholders:
Basic	$	(0.19	)	$	(0.17	)
Diluted	$	(0.19	)	$	(0.17	)
Weighted average shares outstanding – basic		20,865			20,512
Weighted average additional shares assuming conversion of potential common shares		0			0
Weighted average shares outstanding – diluted		20,865			20,512

Note 21 - Segment Data (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Year ended December 31,
	2019			2018
Net revenue from unaffiliated customers:
Sypris Technologies	$	61,683		$	59,816
Sypris Electronics		26,208			28,153
	$	87,891		$	87,969
Gross profit:
Sypris Technologies	$	9,785		$	7,523
Sypris Electronics		98			49
	$	9,883		$	7,572
Operating income (loss):
Sypris Technologies	$	4,257		$	3,207
Sypris Electronics		(2,999	)		(2,555	)
General, corporate and other		(5,564	)		(4,948	)
	$	(4,306	)	$	(4,296	)
Interest expense, net:
Sypris Technologies	$	377		$	293
Sypris Electronics		63			117
General, corporate and other		463			440
	$	903		$	850
Other (income) expense, net:
Sypris Technologies	$	272		$	(1,434	)
Sypris Electronics		(33	)		0
General, corporate and other		(1,495	)		(2	)
	$	(1,256	)	$	(1,436	)
Income (loss) before income taxes:
Sypris Technologies	$	3,609		$	4,349
Sypris Electronics		(3,029	)		(2,672	)
General, corporate and other		(4,533	)		(5,387	)
	$	(3,953	)	$	(3,710	)
Income tax expense (benefit), net:
Sypris Technologies	$	250		$	5
Sypris Electronics		0			0
General, corporate and other		(254	)		(210	)
	$	(4	)	$	(205	)

	Year ended December 31,
	2019		2018
Depreciation and amortization:
Sypris Technologies	$	1,927	$	2,029
Sypris Electronics		506		515
General, corporate and other		238		104
	$	2,671	$	2,648
Capital expenditures:
Sypris Technologies	$	693	$	1,311
Sypris Electronics		97		173
General, corporate and other		69		567
	$	859	$	2,051

Reconciliation of Assets from Segment to Consolidated [Table Text Block]

	December 31,
	2019		2018
Total assets:
Sypris Technologies	$	29,694	$	31,312
Sypris Electronics		24,985		19,208
General, corporate and other		5,377		11,048
	$	60,056	$	61,568
Total liabilities:
Sypris Technologies	$	19,989	$	23,644
Sypris Electronics		17,416		15,180
General, corporate and other		9,220		7,910
	$	46,625	$	46,734

Note 1 - Organization and Significant Accounting Policies (Details Textual)	12 Months Ended
	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Jan. 01, 2019 USD ($)
Number of Operating Segments	2
Standard and Extended Product Warranty Accrual, Ending Balance	$ 569,000	$ 582,000
Product Warranty Expense	$ 156,000	136,000
Multi Employer Plans Collective Bargaining Arrangement Number of Participants	359
Multiemployer Plans, Collective-Bargaining Arrangement, Percentage of Participants	57.00%
Operating Lease, Right-of-Use Asset	$ 7,014,000	0
Operating Lease, Liability, Total	7,747,000
Retained Earnings (Accumulated Deficit), Ending Balance	$ (117,433,000)	$ (114,926,000)
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset			$ 7,664,000
Operating Lease, Liability, Total			8,549,000
Retained Earnings (Accumulated Deficit), Ending Balance			$ (1,442,000)
Employee Benefit Related Adjustments Mexico [Member]
Multi Employer Plans Collective Bargaining Arrangement Number of Participants	319
Multiemployer Plans, Collective-Bargaining Arrangement, Percentage of Participants	51.00%
Accounts Receivable [Member] \| Customer Concentration Risk [Member]
Concentration Risk, Percentage	27.00%	40.00%
Number of Major Customers	2	2
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Customer Sistemas [Member]
Concentration Risk, Percentage	17.00%	18.00%
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Customer Detroit Diesel [Member]
Concentration Risk, Percentage	10.00%
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Northrop Grumman [Member]
Concentration Risk, Percentage		22.00%
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| Customer Sistemas [Member]
Concentration Risk, Percentage	22.00%	19.00%
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| Customer Detroit Diesel [Member]
Concentration Risk, Percentage	14.00%	14.00%
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| Northrop Grumman [Member]
Concentration Risk, Percentage	11.00%	14.00%
Land Improvements, Buildings and Building Improvements [Member]
Property, Plant and Equipment, Useful Life	40 years
Machinery, Equipment, Furniture, and Fixtures [Member] \| Minimum [Member]
Property, Plant and Equipment, Useful Life	3 years
Machinery, Equipment, Furniture, and Fixtures [Member] \| Maximum [Member]
Property, Plant and Equipment, Useful Life	15 years

Note 2 - Leases (Details Textual) - USD ($)	Dec. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
Lessee, Operating Lease, Renewal Term	5 years
Operating Lease, Right-of-Use Asset	$ 7,014,000		$ 0
Operating Lease, Liability, Total	$ 7,747,000
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset		$ 7,664,000
Operating Lease, Liability, Total		$ 8,549,000
Minimum [Member]
Lessee, Operating Lease, Term of Contract	10 years
Maximum [Member]
Lessee, Operating Lease, Term of Contract	11 years

Note 2 - Leases - Lease Expense (Details) $ in Thousands	12 Months Ended
Note 2 - Leases - Lease Expense (Details) $ in Thousands	Dec. 31, 2019 USD ($)
Amortization expense	$ 481
Interest expense	348
Operating lease expense	1,406
Variable lease expense	272
Total lease expense	$ 2,507

Note 2 - Leases - Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Operating cash flows from operating leases	$ 1,436
Operating cash flows from finance leases	348
Financing cash flows from finance leases	$ 632	$ 829

Note 2 - Leases - Maturities of Lease Liabilities (Details)	Dec. 31, 2019 USD ($)
Next 12 months, Operating Leases	$ 1,424,000
Next 12 months, Finance Leases	945,000
12 to 24 months, Operating Leases	1,476,000
12 to 24 months, Finance Leases	644,000
24 to 36 months, Operating Leases	1,492,000
24 to 36 months, Finance Leases	612,000
36 to 48 months, Operating Leases	1,509,000
36 to 48 months, Finance Leases	612,000
48 to 60 months, Operating Leases	1,318,000
48 to 60 months, Finance Leases	559,000
Thereafter, Operating Leases	2,931,000
Thereafter, Finance Leases	595,000
Total lease payments, Operating Leases	10,150,000
Total lease payments, Finance Leases	3,967,000
Less imputed interest, Operating Leases	(2,403,000)
Less imputed interest, Finance Leases	(932,000)
Total, Operating Leases	7,747,000
Total, Finance Leases	$ 3,035,000

Note 2 - Leases - Future Minimum Annual Lease Commitment Under Operating Leases (Details) $ in Thousands	Dec. 31, 2018 USD ($)
2019, Operating Leases	$ 1,453
2019, Finance Leases	927
2020, Operating Leases	1,387
2020, Finance Leases	881
2021, Operating Leases	1,430
2021, Finance Leases	580
2022, Operating Leases	1,443
2022, Finance Leases	548
2023, Operating Leases	1,459
2023, Finance Leases	548
Thereafter, Operating Leases	4,101
Thereafter, Finance Leases	1,143
Total lease payments, Operating Leases	11,273
Total lease payments, Finance Leases	4,627
Less imputed interest, Finance Leases	(1,230)
Total, Finance Leases	$ 3,397

Note 2 - Leases - Information Related to Lease Terms and Discount Rates (Details)	Dec. 31, 2019
Weighted-average remaining lease term (Year)	7 years 36 days
Weighted-average remaining lease term (Year)	5 years 109 days
Weighted-average discount rate (percentage)	8.00%
Weighted-average discount rate (percentage)	10.30%

Note 3 - Revenue from Contracts with Customers 1 (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Revenue, Remaining Performance Obligation, Amount	$ 8,769,000
Contract with Customer, Asset, Net, Current, Total	906,000	$ 839,000
Contract with Customer, Liability, Total	7,504,000
Contract with Customer, Liability, Current	5,769,000	8,369,000
Contract with Customer, Liability, Revenue Recognized	5,109,000	1,121,000
Other Current Assets [Member]
Contract with Customer, Asset, Net, Current, Total	906,000	839,000
Accrued Liabilities [Member]
Contract with Customer, Liability, Current	5,769,000	$ 8,369,000
Other Noncurrent Liabilities [Member]
Contract with Customer, Liability, Noncurrent	$ 1,735,000

Note 3 - Revenue from Contracts with Customers 2 (Details Textual) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01	Dec. 31, 2019
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Percentage	41.00%

Note 3 - Revenue from Contracts with Customers - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Net revenue	$ 87,891	$ 87,969
Sypris Technologies [Member]
Net revenue	61,683	59,816
Sypris Technologies [Member] \| Transferred at Point in Time [Member]
Net revenue	61,683	59,816
Sypris Electronics [Member]
Net revenue	26,208	28,153
Sypris Electronics [Member] \| Transferred at Point in Time [Member]
Net revenue	6,201	5,800
Sypris Electronics [Member] \| Transferred over Time [Member]
Net revenue	$ 20,007	$ 22,353

Note 4 - Exit and Disposal Activities (Details Textual) - Transition of Production from the Broadway Plant [Member] - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Restructuring and Related Costs, Incurred Cost, Total	$ 509,000	$ 1,394,000
Restructuring and Related Cost, Incurred Cost, Per Share	$ 0.02	$ 0.07
Restructuring Charges, Total	$ 509,000
Restructuring and Related Cost, Expected Cost Remaining	63,000
Sypris Electronics [Member]
Restructuring and Related Cost, Expected Cost Remaining	63,000
Equipment Relocation Costs [Member]
Restructuring Charges, Total	38,000	$ 361,000
Restructuring and Related Cost, Expected Cost Remaining	0
Other Restructuring [Member]
Restructuring Charges, Total	471,000	$ 1,033,000
Restructuring and Related Cost, Expected Cost Remaining	$ 63,000

Note 4 - Exit and Disposal Activities - Summary of Pre-tax Restructuring Chargers (Details) - Transition of Production from the Broadway Plant [Member] - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Total Program	$ 4,973,000
Costs Incurred	509,000
Recognized Costs	4,910,000
Remaining Costs to be Recognized	63,000
Employee Severance [Member]
Total Program	1,350,000
Costs Incurred	0
Recognized Costs	1,350,000
Remaining Costs to be Recognized	0
Asset Impairment [Member]
Total Program	188,000
Costs Incurred	0
Recognized Costs	188,000
Remaining Costs to be Recognized	0
Equipment Relocation Costs [Member]
Total Program	1,826,000
Costs Incurred	38,000	$ 361,000
Recognized Costs	1,826,000
Remaining Costs to be Recognized	0
Other Restructuring [Member]
Total Program	1,609,000
Costs Incurred	471,000	$ 1,033,000
Recognized Costs	1,546,000
Remaining Costs to be Recognized	$ 63,000

Note 4 - Exit and Disposal Activities - Segregation of Assets Held for Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Property, plant and equipment	$ 13,346	$ 11,207
Accumulated depreciation	(11,113)	(9,733)
Property, plant and equipment, net	$ 2,233	$ 1,474

Note 5 - Other Income, Net (Details Textual) - USD ($)	12 Months Ended
Note 5 - Other Income, Net (Details Textual) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Other Nonoperating Income (Expense), Total	$ 1,256,000	$ 1,436,000
Gain Related to Settlement Agreement	1,500,000
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property	654,000	(249,000)
Foreign Currency Transaction Gain (Loss), before Tax, Total	152,000	21,000
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component	970,000	584,000
Proceeds from Insurance Settlement, Investing Activities		2,447,000
Gain on Business Interruption Insurance Recovery	0	$ 2,275,000
Other Current Assets [Member]
Loss Contingency, Receivable, Ending Balance	$ 1,500,000

Note 6 - Accounts Receivable - Accounts Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Account receivable, long-term contracts or programs	$ 7,494	$ 9,962
Allowance for doubtful accounts	(50)	(81)
Net	$ 7,444	$ 9,881

Note 7 - Inventory - Inventory Components (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Raw materials	$ 15,139	$ 12,354
Work in process	5,889	6,331
Finished goods	1,675	1,313
Reserve for excess and obsolete inventory	(1,919)	(1,414)
Total	$ 20,784	$ 18,584

Note 8 - Other Current Assets (Details Textual)	12 Months Ended
Note 8 - Other Current Assets (Details Textual)	Dec. 31, 2019
Percentage of Current Assets Included in Other Current Assets	5.00%

Note 8 - Other Current Assets - Other Current Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Prepaid expenses	$ 835	$ 576
Contract assets	906	839
Other	2,541	3,340
Total	$ 4,282	$ 4,755

Note 9 - Property, Plant and Equipment (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Depreciation, Total	$ 2,671,000	$ 2,648,000

Note 9 - Property, Plant and Equipment - Property, Plant and Equipment Components (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Gross property, plant and equipment	$ 64,049	$ 72,717
Accumulated depreciation	(52,374)	(58,062)
Property plant and equipment net	11,675	14,655
Capital Leased Assets, Gross	4,674	4,272
Accumulated depreciation	(1,495)	(976)
Capital Leased Assets, Net	3,179	3,296
Land and Land Improvements [Member]
Gross property, plant and equipment	50	219
Building and Building Improvements [Member]
Gross property, plant and equipment	8,108	11,178
Capital Leased Assets, Gross	3,128	2,995
Machinery, Equipment, Furniture, and Fixtures [Member]
Capital Leased Assets, Gross	1,546	1,277
Property, Plant and Equipment, Other Types [Member]
Gross property, plant and equipment	55,520	59,179
Construction in Progress [Member]
Gross property, plant and equipment	$ 371	$ 2,141

Note 10 - Other Assets - Summary of Other Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Long term spare parts	$ 183	$ 646
Long term deposits	396	507
Pension asset	607	138
Other	343	224
Total	$ 1,529	$ 1,515

Note 11 - Accrued Liabilities (Details Textual)	Dec. 31, 2019
Accrued Operating Expenses, Accrued Warranty Expenses, Accrued Interest, and Other Items	5.00%

Note 11 - Accrued Liabilities - Summary of Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Salaries, wages, employment taxes and withholdings	$ 2,416	$ 2,019
Employee benefit plans	1,517	1,050
Accrued professional fees	966	821
Income, property and other taxes	355	453
Contract liabilities	5,769	8,369
Deferred gain from sale-leaseback	313	500
Other	1,159	1,753
Total	$ 12,495	$ 14,965

Note 12 - Other Liabilities (Details Textual)	Dec. 31, 2019
Accrued Long-term Warranty Expenses and Other Items, Percentage	5.00%

Note 12 - Other Liabilities - Other Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Noncurrent pension liability	$ 4,026	$ 4,272
Deferred gain from sale leaseback	1,616	3,093
Other	1,879	1,131
Total	$ 7,539	$ 8,496

Note 13 - Debt (Details Textual)				12 Months Ended
Note 13 - Debt (Details Textual)	Apr. 01, 2019	Mar. 09, 2016 USD ($) a	Mar. 09, 2016 MXN ($) a	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Mar. 31, 2019	Feb. 28, 2019 USD ($)	Jan. 31, 2018 USD ($)
Interest Costs Capitalized				$ 0	$ 0
Interest Paid, Excluding Capitalized Interest, Operating Activities				526,000	526,000
Proceeds from Sale of Property, Plant, and Equipment, Total				1,858,000	$ 1,380,000
Finance Lease, Liability, Total				3,035,000
Production Equipment Installed at Sypris Electronics Facility [Member]
Lessee, Finance Lease, Term of Contract								3 years
Finance Lease, Liability, Total				384,000				$ 1,277,000
Machinery at Sypris Technologies Facility [Member]
Lessee, Finance Lease, Term of Contract							5 years
Finance Lease, Liability, Total				230,000			$ 269,000
Toluca Property [Member]
Area of Land \| a		24	24
Proceeds from Sale of Property, Plant, and Equipment, Total		$ 12,182,000	$ 215,000,000
Lessee, Finance Lease, Term of Contract		10 years	10 years
Sale Leaseback Transaction, Portion of Real Estate Property Leased Back to Seller \| a		9	9
Finance Lease, Liability, Total				$ 2,421,000
Promissory Note [Member] \| Gill Family Capital Management [Member]
Debt, Weighted Average Interest Rate				8.00%	8.00%
Subordinated Debt, Ending Balance				$ 6,500,000	$ 6,500,000
Debt Instrument, Interest Rate, Stated Percentage						8.00%
Promissory Note [Member] \| Gill Family Capital Management [Member] \| Five-year Treasury Note Average During Preceding 90-day Period [Member]
Debt Instrument, Basis Spread on Variable Rate	5.00%
Promissory Note with Maturity on April 1, 2021 [Member] \| Gill Family Capital Management [Member]
Subordinated Debt, Ending Balance				2,500,000
Promissory Note with Maturity on April 1, 2023 [Member] \| Gill Family Capital Management [Member]
Subordinated Debt, Ending Balance				$ 2,000,000
Promissory Notes with Maturity on April 1, 2021 and April 1, 2023 [Member] \| Gill Family Capital Management [Member]
Debt Instrument, Allowance for Payment Deferral Period				1 year 180 days
Debt Instrument, Maximum Allowance of Interest Due on Deferred Payments, Percent				60.00%

Note 13 - Debt - Debt Components (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Finance lease obligations, current portion	$ 684	$ 593
Note payable – related party	6,500	6,500
Finance lease obligations, net of current portion	2,351	2,804
Less unamortized debt issuance and modification costs	(37)	(51)
Long term debt and finance lease obligations, net of unamortized debt costs	$ 8,813	$ 9,253

Note 15 - Employee Benefit Plans (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plan Maximum Period Allocated for Calculating Average Compensation	10 years
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year	$ 893,000
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	3.90%
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), after Reclassification Adjustment, before Tax, Total	$ (13,007,000)
Defined Benefit Plan, Expected Amortization of Gain (Loss), Next Fiscal Year	(635,000)
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, after Tax, Total	$ 666,000	$ 632,000
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	3.00%
Louisville Hourly Plan [Member]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	3.90%
Marion Plan [Member]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	3.85%
Louisville Salaried Plan [Member]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	3.65%
Defined Contribution Plan [Member]
Defined Contribution Plan, Cost	$ 392,000	376,000
Non US Employees Defined Benefit Plan [Member]
Defined Benefit Plan, Plan Assets, Administration Expense	$ 40,000	$ 41,000
Minimum [Member]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	3.65%	4.30%
Maximum [Member]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets		3.95%
Defined Benefit Plan, Equity Securities [Member] \| Minimum [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	0.00%
Defined Benefit Plan, Equity Securities [Member] \| Maximum [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	55.00%
Fixed Income Securities [Member] \| Minimum [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	35.00%
Fixed Income Securities [Member] \| Maximum [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	100.00%
Non Traditional Securities [Member] \| Minimum [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	0.00%
Non Traditional Securities [Member] \| Maximum [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	10.00%

Note 15 - Employee Benefit Plans - Components of Pension Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Service cost	$ 4	$ 4
Interest cost on projected benefit obligation	1,407	1,315
Net amortization of actuarial loss	666	632
Expected return on plan assets	(1,103)	(1,363)
Net periodic benefit cost	$ 974	$ 588

Note 15 - Employee Benefit Plans - Summaries of Changes in Benefit Obligations and Plan Assets and of Funded Status of Pension Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Benefit obligation at beginning of year	$ 34,690	$ 39,179
Service cost	4	4
Interest cost on projected benefit obligation	1,407	1,315
Actuarial (gain) loss	2,835	(2,913)
Benefits paid	(2,886)	(2,895)
Benefit obligation at end of year	36,050	34,690
Fair value of plan assets at beginning of year	30,199	34,398
Actual return on plan assets	4,043	(1,381)
Company contributions	382	77
Benefits paid	(2,886)	(2,895)
Fair value of plan assets at end of year	31,738	30,199
Underfunded status of the plans	(4,312)	(4,491)
Other assets	607	138
Accrued liabilities	(893)	(357)
Other liabilities	(4,026)	(4,272)
Net amount recognized	(4,312)	(4,491)
Projected benefit obligation	24,843	23,466
Accumulated benefit obligation	24,843	23,466
Fair value of plan assets	$ 19,924	$ 18,838
Discount rate – projected benefit obligation	3.15%	4.25%
Discount rate – net periodic pension cost	4.25%	3.55%
Rate of compensation increase	4.00%	4.00%
Expected long-term rate of return on plan assets	3.90%
Weighted average asset allocation:	100.00%	100.00%
Equity Securities [Member]
Weighted average asset allocation:	18.00%	16.00%
Debt Securities [Member]
Weighted average asset allocation:	78.00%	80.00%
Other [Member]
Weighted average asset allocation:	4.00%	4.00%
Minimum [Member]
Expected long-term rate of return on plan assets	3.65%	4.30%
Maximum [Member]
Expected long-term rate of return on plan assets		3.95%

Note 15 - Employee Benefit Plans - Summary of Fair Values of Pension Plan Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Fair value of plan assets	$ 31,738	$ 30,199	$ 34,398
Fair Value, Inputs, Level 1 [Member]
Fair value of plan assets	12,750	12,732
Fair Value, Inputs, Level 1 [Member] \| Cash and Cash Equivalents [Member]
Fair value of plan assets	2,228	1,415
Fair Value, Inputs, Level 1 [Member] \| Defined Benefit Plan, Equity Securities, US, Large Cap [Member]
Fair value of plan assets	1,935	1,590
Fair Value, Inputs, Level 1 [Member] \| Defined Benefit Plan, Equity Securities, US, Mid Cap [Member]
Fair value of plan assets	1,067	967
Fair Value, Inputs, Level 1 [Member] \| Defined Benefit Plan, Equity Securities, US, Small Cap [Member]
Fair value of plan assets	609	489
Fair Value, Inputs, Level 1 [Member] \| Defined Benefit Plan, Equity Securities, Non-US [Member]
Fair value of plan assets	2,214	1,886
Fair Value, Inputs, Level 1 [Member] \| Real Estate [Member]
Fair value of plan assets	546	458
Fair Value, Inputs, Level 1 [Member] \| Other Equity Securities [Member]
Fair value of plan assets	757	690
Fair Value, Inputs, Level 1 [Member] \| Fixed Income Securities [Member]
Fair value of plan assets	3,394	5,237
Fair Value, Inputs, Level 2 [Member]
Fair value of plan assets	18,988	17,467
Fair Value, Inputs, Level 2 [Member] \| Cash and Cash Equivalents [Member]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 2 [Member] \| Defined Benefit Plan, Equity Securities, US, Large Cap [Member]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 2 [Member] \| Defined Benefit Plan, Equity Securities, US, Mid Cap [Member]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 2 [Member] \| Defined Benefit Plan, Equity Securities, US, Small Cap [Member]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 2 [Member] \| Defined Benefit Plan, Equity Securities, Non-US [Member]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 2 [Member] \| Real Estate [Member]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 2 [Member] \| Other Equity Securities [Member]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 2 [Member] \| Fixed Income Securities [Member]
Fair value of plan assets	$ 18,988	$ 17,467

Note 15 - Employee Benefit Plans - Benefits Expected to be Paid (Details) $ in Thousands	Dec. 31, 2019 USD ($)
2020	$ 2,839
2021	2,782
2022	2,715
2023	2,638
2024	2,571
2025-2029	11,582
Total	$ 25,127

Note 16 - Commitments and Contingencies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Purchase Obligation, Total	$ 8,792,000
Accrual for Environmental Loss Contingencies, Ending Balance	0	$ 0
Gain (Loss) Related to Litigation Settlement, Total	$ 0	1,890,000
Selling, General and Administrative Expenses [Member]
Gain (Loss) Related to Litigation Settlement, Total		$ 1,890,000

Note 17 - Stock Option and Purchase Plans (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	1,153,271	1,444,771
Share-based Payment Arrangement, Expense	$ 469,000	$ 637,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 0.46	$ 0.69
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	0	0
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount	$ 478,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	1 year
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value	$ 318,000	$ 184,000
The 2010 Sypris Omnibus Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award Award Lapsing Restrictions Period	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	5 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
The 2015 Omnibus Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award Award Lapsing Restrictions Period	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	5 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Share-based Payment Arrangement, Option [Member] \| The 2010 Sypris Omnibus Plan [Member]
Common Stock, Capital Shares Reserved for Future Issuance	3,655,088
Share-based Payment Arrangement, Option [Member] \| The 2015 Omnibus Plan [Member]
Common Stock, Capital Shares Reserved for Future Issuance	3,476,021
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 533,000	$ 381,000

Note 17 - Stock Option and Purchase Plans - Estimate Fair Value of Options Granted (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Expected life (years) (Year)	4 years	4 years
Expected volatility	53.90%	51.80%
Risk-free interest rates	2.30%	2.65%
Expected dividend yield	0.00%	0.00%

Note 17 - Stock Option and Purchase Plans - Summary of Restricted Stock Activity (Details) - Restricted Stock [Member]	12 Months Ended
	Dec. 31, 2019 USD ($) $ / shares shares
Novested shares (in shares) \| shares	843,000
Nonvested shares, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 1.01
Granted (in shares) \| shares	0
Granted, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 0
Vested (in shares) \| shares	(508,500)
Vested, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 0.99
Forfeited (in shares) \| shares	(10,000)
Forfeited, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 1.06
Nonvested shares (in shares) \| shares	324,500
Nonvested shares, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 1.03
Nonvested, weighted average remaining term (Year)	222 days
Nonvested, aggregate intrinsic value \| $	$ 253,000

Note 17 - Stock Option and Purchase Plans - Summary of Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Outstanding (in shares)	2,326,250
Outstanding, weighted average exercise price per share (in dollars per share)	$ 1.47
Granted (in shares)	706,000
Granted, weighted average exercise price per share (in dollars per share)	$ 1.06
Exercised (in shares)	0	0
Exercised, weighted average exercise price per share (in dollars per share)	$ 0
Forfeited (in shares)	(160,000)
Forfeited, weighted average exercise price per share (in dollars per share)	$ 1.48
Expired (in shares)	(304,500)
Expired, weighted average exercise price per share (in dollars per share)	$ 2.33
Outstanding (in shares)	2,567,750	2,326,250
Outstanding, weighted average exercise price per share (in dollars per share)	$ 1.26	$ 1.47
Outstanding, weighted average remaining term (Year)	2 years 113 days
Outstanding, aggregate intrinsic value	$ 0
Exercisable (in shares)	1,010,500
Exercisable, weighted average exercise price per share (in dollars per share)	$ 1.21
Exercisable, weighted average remaining term (Year)	149 days
Exercisable, aggregate intrinsic value	$ 0

Note 18 - Stockholders' Equity (Details Textual) - shares	Dec. 31, 2019	Dec. 31, 2018
Preferred Stock, Shares Authorized	975,150	975,150
Series A Preferred Stock [Member]
Preferred Stock, Shares Authorized	24,850	24,850
Preferred Stock, Shares Outstanding, Ending Balance	0	0

Note 18 - Stockholders' Equity - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Foreign currency translation adjustments, net of tax	$ (10,623)	$ (10,967)
Accumulated other comprehensive loss	(24,051)	(24,842)
Internal Revenue Service (IRS) [Member]
Employee benefit related adjustments, net of tax	(13,544)	(14,177)
Mexican Tax Authority [Member]
Employee benefit related adjustments, net of tax	$ 116	$ 302

- Definition

Accumulated adjustment, net of tax, that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency from the functional currency of the reporting entity, net of reclassification of realized foreign currency translation gains or losses.

+ References + Details

Note 18 - Stockholders' Equity - Components of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Balance	$ 14,834
Foreign currency translation adjustments, net of tax expense of $104 and tax benefit of $18 in 2019 and 2018, respectively	344	$ (52)
Balance	13,431	14,834
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	(10,967)	(10,915)
Foreign currency translation adjustments, net of tax expense of $104 and tax benefit of $18 in 2019 and 2018, respectively	344	(52)
Net actuarial gain (loss) for the year, net of tax	0	0
Amortization for the year, net of tax	0	0
Balance	(10,623)	(10,967)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Balance	(13,875)	(14,636)
Foreign currency translation adjustments, net of tax expense of $104 and tax benefit of $18 in 2019 and 2018, respectively	0	0
Net actuarial gain (loss) for the year, net of tax	(64)	276
Amortization for the year, net of tax	511	485
Balance	(13,428)	(13,875)
AOCI Attributable to Parent [Member]
Balance	(24,842)	(25,551)
Foreign currency translation adjustments, net of tax expense of $104 and tax benefit of $18 in 2019 and 2018, respectively	344	(52)
Net actuarial gain (loss) for the year, net of tax	(64)	276
Amortization for the year, net of tax	511	485
Balance	$ (24,051)	$ (24,842)

Note 19 - Income Taxes (Details Textual) - USD ($)	12 Months Ended
Note 19 - Income Taxes (Details Textual) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Effective Income Tax Rate Reconciliation, Percent, Total	23.30%	23.30%
Deferred Federal, State and Local, Tax Expense (Benefit), Total	$ 240,000	$ 212,000
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent, Total	240,000	212,000
Deferred Tax Assets, Foreign Deferred Revenue and Other Provision	4,054,000	4,434,000
Unrecognized Tax Benefits, Ending Balance	200,000	200,000
Unrecognized Tax Benefits, Period Increase (Decrease), Total	0	0
Mexican Subsidiaries [Member]
Deferred Tax Assets, Foreign Deferred Revenue and Other Provision	4,054,000	4,434,000
State and Local Jurisdiction [Member]
Income Taxes Paid	37,000	33,000
Proceeds from Income Tax Refunds	51,000	12,000
Operating Loss Carryforwards, Total	2,537,000	2,431,000
Operating Loss Carryforwards, Not Subject to Expiration	106,000
Foreign Tax Authority [Member]
Income Taxes Paid	293,000	109,000
Proceeds from Income Tax Refunds	0	0
Domestic Tax Authority [Member]
Income Taxes Paid	0	0
Proceeds from Income Tax Refunds	92,000	$ 0
Operating Loss Carryforwards, Total	136,127,000
Deferred Tax Assets, Operating Loss Carryforwards, Not Subject to Expiration	$ 1,769,000

Note 19 - Income Taxes - Components of Income (Loss) From Continuing Operations Before Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Domestic	$ (5,337)	$ (5,331)
Foreign	1,384	1,621
(Loss) income before income taxes	$ (3,953)	$ (3,710)

Note 19 - Income Taxes - Components of Income Tax Expense (Benefit) Applicable to Continuing Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Current:
Federal	$ 0	$ 0
State	(14)	2
Foreign	270	302
Total current income tax expense	256	304
Deferred:
Federal	(217)	(191)
State	(23)	(21)
Foreign	(20)	(297)
Total deferred income tax (benefit) expense	(260)	(509)
Income tax (benefit) expense, net	$ (4)	$ (205)

Note 19 - Income Taxes - Summary of Reconciliation of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Federal tax expense at the statutory rate	$ (830)	$ (779)
Current year permanent differences	257	82
State income taxes, net of federal tax impact	(131)	(118)
Effect of tax rates of foreign subsidiaries	125	154
Currency translation effect on temporary differences	312	189
Change in valuation allowance	(2,377)	358
Intraperiod tax allocation	(240)	(212)
State NOL carryforwards	3,326	320
Other items	(446)	(199)
Income tax (benefit) expense, net	$ (4)	$ (205)

Note 19 - Income Taxes - Summary of Deferred Income Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets:
Compensation and benefit accruals	$ 359	$ 450
Inventory valuation	866	759
Federal and state net operating loss carryforwards	30,591	33,567
Deferred revenue	975	90
Accounts receivable allowance	8	11
Depreciation	85	39
Defined benefit pension plan	591	573
Lease liabilities	1,334	0
Foreign deferred revenue and other provisions	4,054	4,434
Other	661	874
Total	39,524	40,797
Domestic valuation allowance	(34,338)	(36,363)
Foreign valuation allowance	(3,717)	(4,137)
Total deferred tax assets	1,469	297
Deferred tax liabilities:
Right-of-use assets, net	(1,132)	0
Total deferred tax liabilities	(1,132)	0
Net deferred tax asset	$ 337	$ 297

Note 20 - Loss Per Common Share - Reconciliation of Weighted Average Shares Outstanding Used in Calculation of Basic and Diluted (Loss) Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Net loss as reported	$ (3,949)	$ (3,505)
Less distributed and undistributed earnings allocable to restricted award holders	0	0
Net loss allocable to common stockholders	$ (3,949)	$ (3,505)
Basic (in dollars per share)	$ (0.19)	$ (0.17)
Diluted (in dollars per share)	$ (0.19)	$ (0.17)
Basic (in shares)	20,865	20,512
Weighted average additional shares assuming conversion of potential common shares (in shares)	0	0
Weighted average shares outstanding – diluted (in shares)	20,865	20,512

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

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+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

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+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Note 21 - Segment Data (Details Textual)	12 Months Ended
Note 21 - Segment Data (Details Textual)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)
Number of Operating Segments	2
Revenue from Contract with Customer, Including Assessed Tax	$ 87,891,000	$ 87,969,000
International Operation [Member]
Export Sales	7,239,000	4,155,000
Revenues, Total	40,536,000	39,744,000
Long-Lived Assets	6,669,000	7,162,000
Net Assets, Ending Balance	9,899,000	6,495,000
Intersegment Eliminations [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 0	$ 0

Note 21 - Segment Data - Financial Information From Reportable Segments - Income Statement (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Net revenue from unaffiliated customers	$ 87,891,000	$ 87,969,000
Gross profit (loss)	9,883,000	7,572,000
Operating income (loss)	(4,306,000)	(4,296,000)
Interest expense, net	903,000	850,000
Other (income) expense, net	(1,256,000)	(1,436,000)
Income (loss) before taxes	(3,953,000)	(3,710,000)
Income tax expense (benefit), net	(4,000)	(205,000)
Depreciation and amortization	2,671,000	2,648,000
Capital expenditures	859,000	2,051,000
Sypris Technologies [Member]
Net revenue from unaffiliated customers	61,683,000	59,816,000
Gross profit (loss)	9,785,000	7,523,000
Operating income (loss)	4,257,000	3,207,000
Interest expense, net	377,000	293,000
Other (income) expense, net	272,000	(1,434,000)
Income (loss) before taxes	3,609,000	4,349,000
Income tax expense (benefit), net	250,000	5,000
Depreciation and amortization	1,927,000	2,029,000
Capital expenditures	693,000	1,311,000
Sypris Electronics [Member]
Net revenue from unaffiliated customers	26,208,000	28,153,000
Gross profit (loss)	98,000	49,000
Operating income (loss)	(2,999,000)	(2,555,000)
Interest expense, net	63,000	117,000
Other (income) expense, net	(33,000)	0
Income (loss) before taxes	(3,029,000)	(2,672,000)
Income tax expense (benefit), net	0	0
Depreciation and amortization	506,000	515,000
Capital expenditures	97,000	173,000
Corporate and Other [Member]
Operating income (loss)	(5,564,000)	(4,948,000)
Interest expense, net	463,000	440,000
Other (income) expense, net	(1,495,000)	(2,000)
Income (loss) before taxes	(4,533,000)	(5,387,000)
Income tax expense (benefit), net	(254,000)	(210,000)
Depreciation and amortization	238,000	104,000
Capital expenditures	$ 69,000	$ 567,000

Note 21 - Segment Data - Financial Information From Reportable Segments - Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Total assets	$ 60,056	$ 61,568
Total liabilities	46,625	46,734
Sypris Technologies [Member]
Total assets	29,694	31,312
Total liabilities	19,989	23,644
Sypris Electronics [Member]
Total assets	24,985	19,208
Total liabilities	17,416	15,180
Corporate and Other [Member]
Total assets	5,377	11,048
Total liabilities	$ 9,220	$ 7,910