LMI Aerospace (LMIA) 10-K 11 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 01, 2016	Jun. 30, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	LMI AEROSPACE INC
Entity Central Index Key	1,059,562
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 111,893,573
Entity Common Stock, Shares Outstanding		13,228,779
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 10,504	$ 7,927
Trade accounts receivable, net	48,491	58,234
Inventories	114,775	114,279
Prepaid expenses and other current assets	4,147	10,255
Total current assets	177,917	190,695
Property, plant and equipment, net	100,969	99,482
Goodwill	86,784	86,784
Intangible assets, net	46,582	50,940
Other assets	3,728	4,713
Total assets	415,980	432,614
Current liabilities:
Accounts payable	13,156	21,755
Accrued expenses	30,015	26,072
Current installments of long-term debt and capital lease obligations	2,362	3,424
Total current liabilities	45,533	51,251
Long-term debt and capital lease obligations, less current installments	247,633	259,645
Other long-term liabilities	4,322	3,289
Deferred income taxes	536	294
Total long-term liabilities	252,491	263,228
Shareholders’ equity:
Common stock, $0.02 par value per share; authorized 28,000,000 shares; issued 13,287,688 and 13,089,003 shares at December 31, 2015 and December 31, 2014, respectively	266	262
Preferred stock, $0.02 par value per share; authorized 2,000,000 shares; none issued at either date	0	0
Additional paid-in capital	97,617	95,460
Accumulated other comprehensive loss	(211)	(170)
Treasury stock, at cost, 39,419 shares at December 31, 2015 and 28,396 shares at December 31, 2014	(418)	(359)
Retained earnings	20,702	22,942
Total shareholders’ equity	117,956	118,135
Total liabilities and shareholders’ equity	$ 415,980	$ 432,614

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Shareholders’ equity:
Common stock, par value (in dollars per share)	$ 0.02	$ 0.02
Common stock, authorized shares (in shares)	28,000,000	28,000,000
Common stock, shares issued (in shares)	13,287,688	13,089,003
Preferred stock, par value (in dollars per share)	$ 0.02	$ 0.02
Preferred stock, authorized shares (in shares)	2,000,000	2,000,000
Preferred stock, shares issued (in shares)	0	0
Treasury stock, at cost (in shares)	39,419	28,396

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended																12 Months Ended
	Dec. 31, 2015		Sep. 30, 2015		Jun. 30, 2015		Mar. 31, 2015		Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Dec. 31, 2015	Dec. 31, 2014		Dec. 31, 2013
Sales and service revenue
Product sales																	$ 323,611	$ 321,284		$ 324,133
Service revenues																	51,485	66,533		88,424
Net sales	$ 89,438		$ 95,633		$ 97,550		$ 92,475		$ 88,794		$ 97,335		$ 105,937		$ 95,751		375,096	387,817		412,557
Cost of sales and service revenue
Cost of product sales																	259,610	254,775		255,261
Cost of service revenues																	46,700	57,672		77,434
Cost of sales																	306,310	312,447		332,695
Gross profit	16,193	[1]	16,626	[2]	18,770		17,197		16,732		22,043	[3]	19,134		17,461		68,786	75,370		79,862
Selling, general and administrative expenses																	45,678	55,204		55,862
Goodwill and intangible asset impairment																	0	26,439		77,750
Contingent consideration write-off																	0	0		(7,950)
Restructuring expense																	2,322	2,585		3,073
Acquisitions expense																	0	0		247
Income (loss) from operations																	20,786	(8,858)	[4]	(49,120)	[5],[6],[7]
Other income (expense):
Interest expense																	(22,439)	(29,280)		(16,962)
Other, net																	(236)	223		618
Total other expense																	(22,675)	(29,057)		(16,344)
Loss before income taxes																	(1,889)	(37,915)		(65,464)
Provision (benefit) for income taxes									(6,396)								352	(8,953)		(6,979)
Net loss	$ (1,188)	[1]	$ 34	[2]	$ 378	[8]	$ (1,465)	[9]	$ (22,505)	[10]	$ 1,396	[3]	$ (7,411)	[11]	$ (442)	[12]	(2,241)	(28,962)		(58,485)
Other comprehensive income (loss):
Change in foreign currency translation adjustment																	(41)	(98)		(23)
Reclassification adjustment for losses on interest rate hedges included in net earnings, net of tax of $0, $157 and $0																	0	278		0
Unrealized gain/(loss) arising during period from interest rate hedges, net of tax of $0, $0 and $(157)																	0	0		(278)
Total comprehensive loss																	$ (2,282)	$ (28,782)		$ (58,786)
Amounts per common share:
Net (loss) income per common share (in dollars per share)	$ (0.09)	[1]	$ 0	[2]	$ 0.03	[8]	$ (0.11)	[9]	$ (1.76)	[10]	$ 0.11	[3]	$ (0.58)	[11]	$ (0.03)	[12]	$ (0.17)	$ (2.28)		$ (4.64)
Net (loss) income per common share assuming dilution (in dollars per share)	$ (0.09)	[1]	$ 0	[2]	$ 0.03	[8]	$ (0.11)	[9]	$ (1.76)	[10]	$ 0.11	[3]	$ (0.58)	[11]	$ (0.03)	[12]	$ (0.17)	$ (2.28)		$ (4.64)
Weighted average common shares outstanding (in shares)																	12,869,353	12,716,976		12,607,833
Weighted average dilutive common shares outstanding (in shares)																	12,869,353	12,716,976		12,607,833
[1]	Gross profit in the fourth quarter of 2015 includes an unfavorable forward loss reserve adjustment of $1,010 related to a long-term contract. Net loss for the fourth quarter of 2015 includes a restructuring benefit of $46.
[2]	Gross profit in the third quarter of 2015 includes an unfavorable adjustment of $1,738 related to a long-term contract for which a forward loss reserve was established. Net income for the the third quarter of 2015 included a net gain of $3,325 related to a legal settlement and $1,575 of restructuring expenses.
[3]	Gross profit in the third quarter of 2014 includes a $5,286 favorable cumulative catch-up adjustment related to the settlement of an unpriced change order and the Company's ability to secure more favorable future material pricing on a long-term production contract. In addition, net income in the third quarter of 2014 includes $765 of restructuring expenses.
[4]	Includes a charge of $26,439 for goodwill impairment in 2014.
[5]	Includes a benefit of $7,950 related to the write-off of contingent consideration in 2013.
[6]	Includes a charge of $4,222 for impairment of intangible assets in 2013.
[7]	Includes a charge of $73,528 for goodwill impairment in 2013.
[8]	Included in the net loss for the the second quarter of 2015 were $518 of restructuring expenses.
[9]	Included in the net loss for the the first quarter of 2015 were $275 of restructuring expenses.
[10]	Net loss in the fourth quarter of 2014 includes a $26,439 goodwill impairment charge related to the Engineering Services reporting unit, $297 of restructuring expenses and a $6,396 income tax benefit resulting from the decision to carry the 2014 tax loss back to previous years.
[11]	Net loss in the second quarter of 2014 includes $793 of interest expense related to the termination of interest rate derivatives and $8,340 related to the write-off of debt issuance costs associated with the modification of the Company's revolving credit facility and the termination of its long-term credit agreement. Net loss in the second quarter of 2014 also includes $1,095 of restructuring expenses.
[12]	Included in the net loss for the the first quarter of 2014 were $428 of restructuring expenses.

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-In Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Balance at Dec. 31, 2012	$ 200,954	$ 257	$ 90,839	$ (482)	$ 110,389	$ (49)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(58,485)				(58,485)
Other comprehensive income (loss)	(458)					(458)
Issuance of stock
Shares of restricted stock	0		(237)	237
401k plan contribution	901		707	194
Restricted stock compensation	1,615		1,615
Other	(383)	0	(232)	(151)
Balance at Dec. 31, 2013	144,144	257	92,692	(202)	51,904	(507)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(28,962)				(28,962)
Other comprehensive income (loss)	337					337
Issuance of stock
Shares of restricted stock	(249)	4	(38)	(215)
Stock Issued During Period, Value, Issued for Services	167		109	58
401k plan contribution	848	1	847	0
Restricted stock compensation	1,850		1,850
Balance at Dec. 31, 2014	118,135	262	95,460	(359)	22,942	(170)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(2,241)				(2,241)
Other comprehensive income (loss)	(41)					(41)
Issuance of stock
Shares of restricted stock	(325)	3	(178)	(150)
Stock Issued During Period, Value, Issued for Services	84		(7)	91
401k plan contribution	710	1	709	0
Restricted stock compensation	1,633		1,633	0
Other	1				1
Balance at Dec. 31, 2015	$ 117,956	$ 266	$ 97,617	$ (418)	$ 20,702	$ (211)

CONSOLIDATED STATEMENTS OF SHA6

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statement of Stockholders' Equity [Abstract]
Stock Issued During Period, Shares, Issued for Services	6,791	12,175	0
Issuance of stock
Shares of restricted stock (in shares)	131,063	142,588	67,996

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating activities:
Net loss	$ (2,241)	$ (28,962)	$ (58,485)
Adjustments to reconcile net loss to net cash provided/(used) by operating activities:
Depreciation and amortization	20,404	22,459	20,560
Amortization of debt issuance cost	1,961	2,155	2,278
Goodwill and intangible asset impairment	0	26,439	77,750
Contingent consideration write-off	0	0	(7,950)
Stock-based compensation	1,717	2,018	1,615
Debt issuance cost write-off	0	8,466	0
Payments to settle interest rate derivatives	0	(793)	0
Deferred taxes	78	76	(6,060)
Other non-cash items	(1,005)	686	(420)
Changes in operating assets and liabilities, net of acquired businesses:
Trade accounts receivable	9,624	14,270	(4,678)
Inventories	(1,047)	(1,101)	(23,063)
Prepaid expenses and other assets	325	109	550
Current income taxes	6,506	(5,908)	1,939
Accounts payable	(8,427)	307	(10,760)
Accrued expenses	4,467	8,896	(1,625)
Net cash provided/(used) by operating activities	32,362	49,117	(8,349)
Investing activities:
Additions to property, plant and equipment	(16,599)	(16,690)	(23,738)
Acquisitions, net of cash acquired	0	0	(504)
Proceeds from sale of equipment	285	3,579	1,989
Net cash used by investing activities	(16,314)	(13,111)	(22,253)
Financing activities:
Proceeds from issuance of debt	0	250,000	5,751
Principal payments on long-term debt and notes payable	(13,276)	(235,633)	(5,863)
Advances on revolving line of credit	99,000	66,000	107,000
Payments on revolving line of credit	(99,000)	(102,000)	(77,236)
Debt issuance costs	(195)	(8,018)	(1,817)
Other, net	0	0	(8)
Net cash (used)/provided by financing activities	(13,471)	(29,651)	27,827
Net increase/(decrease) in cash and cash equivalents	2,577	6,355	(2,775)
Cash and cash equivalents, beginning of year	7,927	1,572	4,347
Cash and cash equivalents, end of year	10,504	7,927	1,572
Cash payments for:
Interest paid	21,336	7,388	13,161
Income tax refunds received, net	(6,370)	(3,037)	(2,683)
Supplemental disclosure of non-cash transactions:
Contingent consideration	0	0	(7,950)
Equipment acquired under capital lease	$ 0	$ 0	$ 411

ACCOUNTING POLICIES

ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
ACCOUNTING POLICIES	ACCOUNTING POLICIES Principles of Consolidation The Consolidated Financial Statements included in this report have been prepared by management of LMI Aerospace, Inc. All significant intercompany balances and transactions have been eliminated in consolidation. During 2015 we early adopted FASB Accounting Standards Update No. 2015-03, Simplifying the Presentation of Debt Issuance Costs, which requires certain debt issuance costs to be presented in the Consolidated Balance Sheets as a direct deduction from the carrying value of the associated debt liability. The Company applied the provisions of this standard and prior year balances have been reclassfied to reflect the current year presentation. The impact to the Consolidated Balance Sheets at December 31, 2015 and December 31, 2014 was to decrease Other Assets and Long-Term Debt by $4,539 and $5,909, respectively. During 2015 we early adopted FASB Accounting Standards Update No. 2015-17, Balance Sheet Classification of Deferred Income Taxes, which requires that the Consolidated Balance Sheets reflect all deferred income tax assets and liabilities as non-current. The Company applied the provisions of this standard and prior year balances have been reclassified to reflect the current year presentation. The impact to the Consolidated Balance Sheets at December 31, 2015 and December 31, 2014 was to decrease Current Deferred Income Tax Assets and Long-Term Deferred Income Tax Liabilities by $3,016 and $3,913, respectively. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make certain estimates and assumptions. These estimates and assumptions affect the reported amounts in the financial statements and accompanying notes. Actual results could differ from these estimates. Revenue and Profit Recognition Except as described below, the Company recognizes revenue for sales of products and related services in accordance with Financial Accounting Standards Board, (“FASB”) Accounting Standards Codification (“ASC”) Topic 605-15 Products and Topic 605-20 Services. The Company sells products under long term supply contracts and purchase orders where the product is built to the customer specifications based on firm purchase orders from the customer. The purchase orders tend to be of a relatively short duration and customers place orders on a periodic basis. The pricing is generally fixed for some length of time and the quantities are based on individual purchase orders. Revenue is recognized when title passes and services are rendered, the price is fixed or determinable, and collection is reasonably assured. Approximately 80.0% to 90.0% of the total revenue the Company recognized in any given year is accounted for in accordance with Topics 15 and 20. The remainder of the revenue is accounted for using methods consistent with ASC Topic 605-35 Construction-Type and Production-Type Contracts. The percentage of completion method used to account for contracts depends on the nature of the products provided under the contract. For example, for contracts that require us to perform a significant level of development effort, in comparison to the total value of the contract, sales are recorded using the cost to cost method to measure progress toward completion. Under the cost to cost method of accounting, we recognize sales and estimated profit as costs are incurred based on the proportion that the incurred costs bare compared to total estimated costs. For contracts that require us to provide a substantial number of similar items without a significant level of development, we record sales and estimated profit on a percentage of completion basis using units of delivery as the basis to measure progress toward completing the contract. Under both methods, profit recognized is based on the total expected profit margin percentage multiplied by revenue recognized to date. The Company periodically reviews all estimates to complete as required by the authoritative guidance and the estimated total cost and expected gross profit are revised as required over the life of the contract. Any revisions to the estimated total revenue or cost are accounted for as a change in estimate. A cumulative catch-up adjustment is recorded in the period of the change of the estimated costs to complete the contract. In addition, should total estimated costs at completion exceed the estimated total revenue, the anticipated full loss is recognized in the period in which the anticipated loss is determined. The loss is reported either as a reduction of revenue or as a component of cost of sales. During 2015, the Company recorded a provision for anticipated loss of $1,992 on a cost-to-cost program. At December 31, 2013, the Company had a contract accounted for using the units of delivery method which was acquired during the Valent acquisition and where estimated costs exceeded the total contract revenue. The provision for anticipated loss was established in 2013 for $5,267 and was treated as a measurement period change and as such increased the goodwill related to the Valent acquisition. During the third quarter of 2014, a change was agreed to that resulted in the favorable settlement of an unpriced change order related to this contract. In addition, the Company secured more favorable future material pricing with respect to this contract as engineering changes to the related assemblies had stabilized. As a result, contract costs are no longer expected to exceed revenue and the remaining related loss reserve was reversed, resulting in a favorable cumulative catch up adjustment of $5,267 in the year ended December 31, 2014. The reversal was recorded in the cost of goods sold section of the Consolidated Statements of Comprehensive Income (Loss). Cumulative catch-up adjustments had the following impact to operating income in the years presented: 2015 2014 2013 Favorable adjustments 1,308 5,720 106 Unfavorable adjustments (2,954 ) (1,719 ) (1,609 ) Net operating income adjustments (1,646 ) 4,001 (1,503 ) The net favorable cumulative catch-up adjustments in 2015 relate primarily to two contracts where expected deliveries increased, and performance exceeded prior estimates. An unfavorable cumulative catch-up adjustment of $2,763 was recorded in 2015 related to the Mitsubishi Regional Jet design build program which has experienced higher than expected development costs. This contract is now in a loss position. The adjustment in 2015 related to this program was recorded as a reduction to revenue in the Consolidated Statements of Comprehensive Income (Loss). The net favorable cumulative catch-up adjustments in 2014 relate primarily to two contracts. The favorable adjustments are primarily associated with the aforementioned Valent contract of $5,267 . The unfavorable cumulative catch-up adjustments recorded in 2014 primarily relate to unforeseen failures during the test phase of a design program on the Mitsubishi Regional Jet. The adjustment related to this program was $1,479 and was recorded as a reduction to revenue in the Consolidated Statements of Comprehensive Income (Loss). The negative cumulative catch-up adjustments in 2013 relate primarily to two contracts. The first contract relates to a design program for 787 shipping fixtures on which the Company was unable to pass through as much of the engineering changes incurred to the customer as originally estimated. The Company recorded a reduction of contact revenue of $811 for this program in 2013. The second contract relates to the design portion of the Embraer KC-390 program. In 2013, an adjustment of $706 was recorded to reflect a revision in the expected labor hours necessary to complete the program. For contracts accounted for using the percentage of completion method, management’s estimates of total units to be produced, total revenue to be realized, and material, labor and overhead costs on long-term contracts are critical to the Company. Due to the size, length of time and nature of many of our contracts, the estimation of revenue and costs through completion is complicated and subject to many variables. Claims and unpriced change orders will impact the estimate of total revenues and profits. In the ordinary course of business, the Company may receive requests from its customers to perform tasks not specified in its contracts. When this occurs on a long-term contract using the cost-to-cost method of percentage of completion accounting, the Company may record revenue for claims or unpriced change orders to be negotiated with customers. The Company's revenue recognized in 2015 contained $1,046 that represented amounts associated with claims and unpriced change orders. The development of a contract revenue and gross margin percentage involves utilization of detailed procedures by a team of operational and financial personnel that provides information on the status of the contracts. Total contract cost estimates are largely based our current cost of production, purchase order terms negotiated or estimated by our supply chain. Estimates of revenue and costs associated with each significant contract are reviewed and approved by the team on a quarterly basis. Due to the significance of the judgment in the estimation process described above, it is possible that materially different margins could be recorded if we used different assumptions or if the underlying circumstances were to change. Pre-Contract and Pre-Production Costs under Long-Term Supply Contracts In certain circumstances, the Company capitalizes costs incurred prior to the execution of a contract with the customer. These circumstances are limited to instances in which the Company has substantially negotiated the terms and conditions of the anticipated contract with its customers and concluded that their recoverability from the anticipated contract is probable. As these costs are directly associated with a specific anticipated contract and they are concluded to be recoverable under that anticipated contract, the Company has capitalized these amounts. The Company may incur design and development costs prior to the production phase of contracts that are outside the scope of the contract accounting method. These pre-production costs are generally related to costs the Company incurs to design and build tooling that is owned by the customer. The Company receives the non-cancellable right to use these tools to build the parts as specified in a contractual agreement and therefore has capitalized these costs. In certain instances, the Company enters into agreements with its customers that provide it a contractual guarantee for reimbursement of design and engineering services incurred prior to the production phase of a contract. Due to the contractual guarantee, the Company capitalizes the costs of these services. The pre-production costs are amortized to cost of sales over the shorter of the life of the contractual agreement or the related tooling. Cash and Cash Equivalents Cash and cash equivalents include cash on hand, deposits in transit and all highly liquid investment instruments with an initial maturity of three months or less. Inventories The Company’s inventories are stated at the lower of cost or market and utilize actual costs for raw materials and average or standard cost (which approximates actual cost) for work in process, manufactured and purchased components and finished goods. The Company evaluates the inventory carrying value and reduces the carrying costs based on customer activity, estimated future demand, price deterioration, and other relevant information. The Company’s customer demand is unpredictable and may fluctuate due to factors beyond the Company’s control. In addition, inventoried costs include capitalized contract costs relating to programs and contracts with long-term production cycles, a portion of which is not expected to be realized within one year. See further discussion regarding deferred long-term contract costs under “Revenue and Profit Recognition” and “Pre-Contract and Pre-Production Costs under Long-Term Supply Contracts.” Allowance for Doubtful Accounts The allowance for doubtful accounts receivable reflects the Company’s best estimate of probable losses inherent in its accounts receivable. The basis used to determine this value is derived from historical experience, specific allowances for known troubled customers and other known information. Property, Plant and Equipment Property, plant and equipment are stated at cost. Depreciation is calculated using the straight-line method over the estimated useful lives of the related assets. Leasehold improvements are amortized using the straight-line method over the shorter of the lease term or the estimated useful lives of the assets. Estimated useful lives for buildings, machinery and equipment, and purchased software are 20 to 35 years, 4 to 10 years and 3 to 4 years, respectively. Amortization incurred under capital leases is reported with depreciation expense. Long Lived Assets Long lived assets held and used are reviewed for impairment based on future undiscounted cash flows whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. Goodwill and Intangible Assets The Company’s acquisitions involve the purchase of tangible and intangible assets and the assumption of certain liabilities. As part of the purchase price allocation, the Company allocates the purchase price to the tangible assets acquired and liabilities assumed based on estimated fair market values, and the remainder of the purchase price is allocated to intangibles and goodwill. Goodwill and intangible assets with indefinite lives are not amortized but are subject to an impairment assessment at least annually in relation to their fair value. Under guidelines established by FASB ASC Topic 280, the Company operates in two operating segments. However, the Company has recorded its goodwill and conducts testing for potential goodwill impairment at a reporting unit level. The reporting units represent a business for which discrete financial information is available, and segment management regularly reviews the operating results. As part of this process, the Company first assesses qualitatively whether it is necessary to perform the quantitative test. The qualitative assessment involves evaluating relevant events or circumstances to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying amount. If it is, the Company can bypass the quantitative assessment of goodwill. If it is not, or if the Company has elected to bypass the qualitative assessment process, the quantitative assessment of goodwill utilizes a two-step process, where the carrying value of the reporting unit is compared to its fair value. If the carrying value is less than the fair value, no impairment exists, and the second step is not performed. However, if the carrying value is greater than the fair value, the second step is performed. An impairment charge would be recognized for the amount that the carrying value of the goodwill exceeds its fair value. The fair values for goodwill testing are estimated using a combination of the income and market approach unless circumstances indicate that a better estimate of fair value is available. The income approach utilizes the discounted cash flow model (“DCF model”) and the market approach is based on the market data for a group of guideline companies. Deferred Gain on Sale of Real Estate On December 28, 2006 , the Company entered into an agreement with a third party to sell and lease back certain of its real estate properties for $10,250 . The amount of the sale price in excess of book value for these properties of $4,242 was deferred and is being amortized to rent expense over the 18 year term of the leases on a straight-line basis. This deferred gain is reflected in Accrued Expenses and Other Long-Term Liabilities in the Consolidated Balance Sheet. Share-Based Compensation The Company recognizes compensation expense for share-based payment transactions in the financial statements at their fair value. The expense is measured at the grant date, based on the calculated fair value of the share-based award, and is recognized over the requisite service period (generally the vesting period of the equity award). Income Taxes Provisions for federal and state income taxes are calculated on reported net income before income taxes based on current tax law and also include, in the current period, the cumulative effect of any changes in tax rates from those used previously in determining deferred tax assets and liabilities. Such provisions differ from the amounts currently receivable or payable because certain items of income and expense are recognized in different time periods for financial reporting purposes than for income tax purposes. Significant judgment is required in determining income tax provisions and evaluating tax positions. A valuation allowance, if needed, reduces deferred tax assets to the amount expected to be realized. When determining the amount of net deferred tax assets that are more likely than not to be realized, Management assesses all available positive and negative evidence. This evidence includes, but is not limited to, prior earnings history, expected future earnings, carry-back and carry-forward periods and the feasibility of ongoing tax strategies that could potentially enhance the likelihood of the realization of a deferred tax asset. The weight given to the positive and negative evidence is commensurate with the extent the evidence may be objectively verified. As such, it is generally difficult for positive evidence regarding projected future taxable income exclusive of reversing taxable temporary differences to outweigh objective negative evidence of recent financial reporting losses. Based on these criteria and the relative weighting of both the positive and negative evidence available, and in particular the activity surrounding the Company's significant loss in 2013, management determined that it was necessary to establish a valuation allowance against all of its net U.S. deferred tax assets at December 31, 2013. This determination was made as the Company entered into a cumulative loss position over the three year period ended December 31, 2013 primarily due to recording a goodwill impairment of $73,528 related to Valent. Once the Company entered into a cumulative loss position it had passed the threshold after which there is a presumption that a company should no longer rely solely on projected future income in determining whether the deferred tax asset is more likely than not to be realized. The Company has remained in a cumulative loss position at both December 31, 2015 and December 31, 2014. The Company will continue to monitor its deferred tax position and may adjust the valuation allowance, if necessary, for utilization of the underlying deferred tax assets through current taxable income or as available evidence changes. At December 31, 2015 and December 31, 2014, the Company's deferred tax assets remained under a valuation allowance. The accounting for uncertainty in income taxes requires a more-likely-than-not threshold for financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. The Company records a liability for the difference between the benefit recognized and measured for financial statement purposes and the tax position taken or expected to be taken on our tax return. To the extent that management’s assessment of such tax positions changes, the change in estimate is recorded in the period in which the determination is made. The Company’s unrecognized tax benefits as of December 31, 2015 and 2014 are immaterial. The Company expects no significant increases or decreases in unrecognized tax benefits due to changes in tax positions within one year of December 31, 2015 . The Company has no material interest or penalties relating to income taxes recognized in the Consolidated Statement of Comprehensive Income (Loss) as of December 31, 2015 , 2014 or 2013. As of December 31, 2015 , returns for calendar 2014 remain subject to examination by the Internal Revenue Service and/or various state tax jurisdictions. In December 2015, the Company was notified that the Internal Revenue Service will examine its federal returns for the 2014 tax year. Financial Instruments Fair values of the Company’s long-term obligations approximate their carrying values as the applicable interest rates approximate the current market rates or have variable rate characteristics. The Company’s other financial instruments have fair values that approximate their respective carrying values due to their short maturities. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606). On July 9, 2015 the FASB voted to approve a one year delay of the effective date and to permit companies to voluntarily adopt the new standard as of the original effective date. The new standard is effective for reporting periods beginning after December 15, 2017. The standard will supersede existing revenue recognition guidance, including industry-specific guidance, and will provide companies with a single revenue recognition model for recognizing revenue from contracts with customers. The standard requires revenue to be recognized when promised goods or services are transferred to customers in amounts that reflect the consideration to which the company expects to be entitled in exchange for those goods or services. Adoption of the new rules could affect the timing of revenue recognition for certain transactions. The two permitted transition methods under the new standard are the full retrospective method, in which case the standard would be applied to each prior reporting period presented, or the modified retrospective method, in which case the cumulative effect of applying the standard would be recognized at the date of initial application. The provisions of this new guidance are effective as of the beginning of the Company’s first quarter of 2018. The Company is currently evaluating the transition method to be used and the impact of adoption of this standard on its consolidated financial statements. In April 2014, the FASB issued ASU 2014-08, "Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity." The amendments in this update change the requirements for reporting discontinued operations. A discontinued operation may include a component of an entity or a group of components of an entity, or a business or nonprofit activity. A disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results and when the component or group of components meets the criteria to be classified as held for sale, is disposed by sale or is disposed of by other than by sale (for example, by abandonment or in a distribution to owners in a spinoff). ASU 2014-8 is effective prospectively starting with fiscal 2015. The Company has no present activity that was impacted by this new standard. In February 2016, the FASB issued ASU 2016-02, "Leases." The standard requires lessees to recognize a lease liability and a lease asset for all leases, including operating leases, with a term greater than 12 months on its balance sheet. The update also expands the required quantitative and qualitative disclosures surrounding leases. The provisions of this new guidance are effective as of the beginning of the Company’s first quarter of 2019. This update will be applied using a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The Company is currently evaluating the effect of this update on its consolidated financial statements. All other issued but not yet effective accounting pronouncements are not expected to have a material impact on our Condensed Consolidated Financial Statements.

ASSETS AND LIABILITIES MEASURED

ASSETS AND LIABILITIES MEASURED AT FAIR VALUE	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
ASSETS AND LIABILITIES MEASURED AT FAIR VALUE	ASSETS AND LIABILITIES MEASURED AT FAIR VALUE Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). The three levels of the fair value hierarchy are described below: Level 1: Quoted prices in active markets for identical assets or liabilities. Level 2: Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The asset or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. There have been no changes in the methodologies used at December 31, 2015 . There were no transfers between levels during 2015 and 2014 . 2015 Assets and Liabilities at Fair Value Total as of December 31, 2015 Gains Total (Level 1) (Level 2) (Level 3) (Losses) Recurring Fair Value Measurement: Liabilities: Second Priority Senior Secured Notes (1) $ 234,175 $ — $ 234,175 $ — $ — Non-recurring Fair Value Measurements: Asset: Intangible assets, net (2) $ 46,582 $ — $ — $ 46,582 $ — Goodwill (3) $ 86,784 $ — $ — $ 86,784 $ — (1) The fair value of the Company's senior secured notes was determined using the last market price transaction in the year ended December 31, 2015 of 100%. (2) The fair values of intangibles relating to the 2012 acquisitions of TASS and Valent were determined by third parties in connection with the purchase and recorded at those values. (3) The Company performed its annual impairment analysis of goodwill during the fourth quarter of 2015 and determined no adjustments to the carrying value were necessary. 2014 Assets and Liabilities at Fair Value Total as of December 31, 2014 Gains Total (Level 1) (Level 2) (Level 3) (Losses) Recurring Fair Value Measurement: Liabilities: Interest rate derivatives (1) $ — $ — $ — $ — $ (793 ) Second Priority Senior Secured Notes (2) $ 245,000 $ — $ — $ 245,000 $ — Non-recurring Fair Value Measurements: Asset: Intangible assets, net (3) $ 50,940 $ — $ — $ 50,940 $ — Goodwill (4) $ 86,784 $ — $ — $ 86,784 $ (26,439 ) (1) In 2014, the Company terminated and settled its interest rate derivatives in conjunction with the settlement of its then existing credit agreement. (2) The Company's senior secured notes were outstanding but not registered at December 31, 2014. Using a qualitative approach, the Company determined the fair value of the notes at December 31, 2014 was equal to the amount for which they were issued. (3) The fair values of intangibles relating to the 2012 acquisitions of TASS and Valent were determined by third parties in connection with the purchase and recorded at those values. (4) During the fourth quarter of 2014, the Company performed its annual impairment analysis of goodwill. As a result of the analysis, the goodwill related to the Engineering Services reporting unit was deemed impaired, and a $26,439 impairment charge was recorded in the Consolidated Statements of Comprehensive Income (Loss) for the year ended December 31, 2014.

ACCOUNTS RECEIVABLE NET

ACCOUNTS RECEIVABLE NET	12 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
ACCOUNTS RECEIVABLE NET	ACCOUNTS RECEIVABLE NET Accounts receivable, net consists of the following: December 31, 2015 2014 Trade receivables $ 42,307 $ 53,081 Unbilled revenue 4,869 4,036 Other receivables 1,561 1,581 48,737 58,698 Less: Allowance for doubtful accounts (246 ) (464 ) Accounts receivable, net $ 48,491 $ 58,234 Under long-term contract accounting unbilled revenue on long-term contracts arise when the sales or revenues based on performance attainment, though appropriately recognized, cannot be billed yet under terms of the contract as of the balance sheet date. Accounts receivable expected to be collected after one year are not material.

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2015
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories consist of the following: December 31, 2015 2014 Raw materials $ 12,513 $ 16,712 Work in progress 22,681 22,960 Manufactured and purchased components 19,224 21,296 Finished goods 28,169 32,403 Product inventory 82,587 93,371 Capitalized contract costs 32,188 20,908 Total inventories $ 114,775 $ 114,279 Capitalized contract costs increased $6.0 million in 2015 related to an agreement the Company signed with Spirit Aerostructures ("Spirit") to form a strategically aligned partnership. This agreement extended the performance period of the statements of work for certain contracts with Spirit and gave the Company preferred supplier status on certain future contracts. In accordance with the contract terms, the Company made $6.5 million in cash payments of consideration to Spirit in 2015 which was recorded as an increase to capitalized contract costs in inventory in the Consolidated Balance Sheet. This consideration is being amortized as a reduction to revenue over the life of the related contracts. The remaining increase in capitalized contract costs in 2015 relates primarily to four early-stage long-term contracts. The Company expects these costs will not be realized within one year but believes these amounts will be fully recovered over the life of the related contracts. The following table illustrates the market to which capitalized contract cost at December 31, 2015 and December 31, 2014 related: December 31, 2015 2014 Large commercial aircraft $ 11,528 $ 4,776 Corporate and regional aircraft 16,721 13,324 Military 3,939 2,808 Total capitalized contract cost $ 32,188 $ 20,908 In accordance with ASC 605-35-45-1&2, the provisions for anticipated losses on contracts are accounted for as additional contract cost and recognized as part of cost of sales. Provisions for losses are recorded as a reduction of related contract costs recorded in inventory. At December 31, 2015 and 2014, the Company had no contracts with loss reserves accounted for as a reduction of inventory.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
PROPERTY PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT Depreciation expense (including amortization expense on software) recorded by the Company totaled $15,494 , $17,934 and $15,913 for 2015 , 2014 and 2013 , respectively. December 31, 2015 2014 Land $ 1,108 $ 1,108 Buildings and improvements 27,779 25,415 Machinery and equipment 129,222 122,509 Leasehold improvements 13,373 13,034 Software and other 8,507 12,059 Construction in progress 11,687 10,696 Total gross property, plant and equipment 191,676 184,821 Less accumulated depreciation (90,707 ) (85,339 ) Total net property, plant and equipment $ 100,969 $ 99,482 See discussion in Note 8 to the Consolidated Financial Statements regarding property, plant and equipment recorded associated with capital leases.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS Goodwill The following table summarizes the net carrying amount of goodwill by segment at December 31, 2015 and 2014 , respectively: Engineering Aerostructures Services Total 2015 2014 2015 2014 2015 2014 Balance at December 31, Gross Goodwill $ 141,953 $ 141,953 $ 50,741 $ 50,741 $ 192,694 $ 192,694 Accumulated impairment loss (79,471 ) (79,471 ) (26,439 ) (26,439 ) (105,910 ) (105,910 ) Net Goodwill $ 62,482 $ 62,482 $ 24,302 $ 24,302 $ 86,784 $ 86,784 The net goodwill balance in the Aerostructures segment is primarily related to the acquisition of Valent in December 2012, which accounts for $56,288 of the balance at both December 31, 2015 and 2014 . During the fourth quarter of fiscal 2013, in accordance with the Company’s accounting policy as described in Note 1 to the Consolidated Financial Statements, the Company performed the annual impairment analysis and determined that carrying value of goodwill for Valent was above its fair value. As a result, a goodwill impairment charge of $73,528 was recorded in the fourth quarter of 2013. The net goodwill balances in Aerostructures segment at December 31, 2015 and December 31, 2014 also included $6,194 from the acquisition of Intec in January 2009. The annual impairment analysis performed in the fourth quarter of 2015 determined that the fair value for Valent and the remaining goodwill in Aerostructures exceeded its carrying value. During the fourth quarter of fiscal 2014, in accordance with the Company's accounting policy as described in Note 1 to the Consolidated Financial Statements, the Company also performed its annual impairment analysis on the Engineering Services reporting unit and determined that the carrying value of goodwill was above its fair value. As a result, a goodwill impairment charge of $26,439 was recorded in the fourth quarter of 2014, which brought the remaining goodwill associated with the reporting unit to $24,302 . The annual impairment analysis performed in the fourth quarter of 2015 determined that the fair value for the Engineering Services reporting unit exceeded its carrying value. Goodwill recorded as a result of the D3 and Intec acquisitions is not deductible for tax purposes, while goodwill recorded as a result of the Valent and TASS acquisitions is deductible for tax purposes. Intangible Assets Intangible assets primarily consist of trademarks and customer intangibles resulting from the acquisitions of Versaform Corporation, D3, Intec, TASS, and Valent. The trademarks resulted from the acquisitions of Intec, TASS, and Valent and have a weighted average useful life of 4.5 years . Customer intangibles have a weighted average useful life of 18.5 years . Other intangible assets have a weighted average useful life of 5.3 years . The carrying values were as follows: December 31, 2015 2014 Trademarks $ 778 $ 778 Customer intangible assets 68,991 68,991 Other 1,274 1,274 Accumulated amortization (24,461 ) (20,103 ) Intangible assets, net $ 46,582 $ 50,940 Intangibles amortization expense for 2015 , 2014 and 2013 was $4,359 , $4,524 and $4,647 , respectively. The estimated annual amortization expense for intangible assets is as follows: Year ending December 31, 2016 $ 4,134 2017 3,915 2018 3,563 2019 3,263 2020 3,079 Thereafter 28,628 $ 46,582

ACCRUED EXPENSES

ACCRUED EXPENSES	12 Months Ended
	Dec. 31, 2015
Payables and Accruals [Abstract]
ACCRUED EXPENSES	ACCRUED EXPENSES Accrued expenses consist of the following: December 31, 2015 2014 Accrued interest $ 8,020 $ 9,814 Receipts in excess of cost on long-term production contracts 5,097 — Accrued payroll 2,481 1,647 Accrued bonus 3,698 3,014 Accrued vacation & holiday 1,913 2,933 Accrued employee benefits 3,075 1,800 Accrued operating lease obligations 2,475 2,186 Accrued professional fees 1,104 980 Accrued restructuring 255 739 Other 1,897 2,959 Total accrued expenses $ 30,015 $ 26,072

LONG-TERM DEBT AND CAPITAL LEAS

LONG-TERM DEBT AND CAPITAL LEASE OBLIGATIONS Long Term Debt and Capital Lease Obligations (Notes)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Long-term Debt and Capital Lease Obligations	LONG-TERM DEBT AND CAPITAL LEASE OBLIGATIONS Long-term debt and capital lease obligations consist of the following: December 31, 2015 2014 Second priority senior secured notes at a fixed rate of 7.375% at December 31, 2015 and December 31, 2014 $ 234,175 $ 245,000 Missouri IRBs at fixed rate of 2.80% at December 31, 2015 and December 31, 2014 6,901 7,334 Capital Leases, at fixed rates ranging from 3.00% to 7.73% at December 31, 2015 and 2.04% to 7.73% at December 31, 2014 11,708 13,288 Notes payable, principal and interest payable monthly, at fixed rates, up to 2.56% at December 31, 2015 and December 31, 2014 1,750 3,356 Debt issuance cost (1) (4,539 ) (5,909 ) Total debt 249,995 263,069 Less current installments 2,362 3,424 Total long-term debt and capital lease obligations $ 247,633 $ 259,645 (1) During 2015 the Company adopted FASB Accounting Standards Update No. 2015-03 which requires certain debt issuance costs to be presented as a direct deduction from the carrying value of the associated debt liability. Prior year balances have been revised to reflect the current year presentation. On June 19, 2014, the Company issued $250,000 in second-priority senior secured notes maturing on July 15, 2019. During 2014 and 2015, the Company repurchased and retired $5,000 and $10,825 , respectively, of the outstanding notes at a premium of 1.125% and 0.0% , respectively, plus accrued interest. Obligations under these notes are secured by substantially all of the Company’s assets and bear interest at 7.375% , paid semi-annually in January and July. In addition, on June 19, 2014, the Company used the proceeds from the issuance of these notes to settle and terminate its existing term loan and also modified its revolving credit agreement. The modified revolving credit agreement, entered into on June 19, 2014, provides for a revolving credit facility of up to $90,000 . Under the agreement, the co-collateral agents may establish a reserve against the facility. At December 31, 2015 , the reserve established was $15,000 , which reduced the maximum availability to $75,000 . Based on the amount of eligible assets at December 31, 2015 and considering outstanding letters of credit of $1,250 , available borrowings were further reduced to $45,704 . The maximum amount, less reserves, available for borrowing at levels below $30,000 are based on a sum of 45% of eligible receivables, 30% of eligible inventories and an additional amount of eligible equipment up to 20% of total borrowings under the facility. The maximum amount, less reserves, available for borrowing at levels above $30,000 are based on a sum of 75% of eligible receivables, 45% of eligible inventories and an additional amount of eligible equipment up to 20% of total borrowings under the facility. Borrowings under the facility are secured by a first lien on substantially all of the Company’s assets and bear interest at either the LIBOR rate plus a margin of 3.00% to 3.50% or the alternate base rate (“ABR”) which is the highest of the following plus a margin of 2.00% to 2.50% , respectively, with the applicable margins for the revolving credit facility subject to a grid based on the average availability ratio of the Company for the most recently completed quarter: • Prime rate, • Federal funds rate plus 0.5% , or, • The adjusted Eurodollar rate for an interest period of one month plus 1% . For the year ended December 31, 2015 , the average debt outstanding on the revolving credit facility was $271 which accrued interest at an average rate of 4.76% . No amounts were outstanding on the revolving credit facility at December 31, 2015. The Company is required to pay a commitment fee of between 0.375% and 0.5% per annum on the unused portion of the revolving credit facility, depending on the average revolver usage during the period as compared to the total available borrowings under the facility. At December 31, 2015 , the commitment fee required was 0.5% . The revolving credit loan facility matures on the earlier of the fifth year anniversary date, July 15, 2019, or the date that is 91 days prior to the maturity date of the senior secured notes unless the notes are repaid, refinanced or otherwise satisfied in full. The maturity dates are subject to acceleration upon occurrence of an event of default. An event of default under the revolving credit agreement includes, among other things, failure to pay any material indebtedness, acceleration of payments by any lender prior to scheduled maturity, or judgments rendered against the Company requiring payments at or above certain levels. The credit agreement contains a covenant that requires us to comply with a maximum first priority debt to EBITDA ratio on a quarterly basis. In addition, the agreement also contains certain restrictive covenants that limit and in some circumstances prohibit, our ability to, among other things, incur additional debt, sell, lease or transfer our assets, make investments, guarantee debt or obligations, create liens, and enter into certain merger, consolidation or other reorganization transactions. These restrictive covenants prohibit the Company from paying dividends. These restrictions could limit our ability to obtain future financing, make acquisitions or needed capital expenditures, withstand the current or future downturns in our business or the economy in general, conduct operations or otherwise take advantage of business opportunities that may arise, any of which could place us at a competitive disadvantage relative to our competitors that have less debt and are not subject to such restrictions. At December 31, 2015 , the Company was in compliance with all of its covenants and expects to be in compliance with its covenants in future periods. If the Company fails to meet any covenants in the credit facility, the Company would not be in compliance with its credit agreement and the lenders would be entitled to exercise various rights, including causing the amounts outstanding under the revolving credit facility to become immediately due and payable. A portion of the Company's debt and capital leases related to buildings and equipment that were underwritten to service underlying Industrial Revenue Bonds (“IRBs”) with the City of Washington, Missouri and Fredonia, Kansas. Monthly payments are scheduled in an amount sufficient to service the total principal and interest of the underlying bonds. Interest ranges from 2.80% to 4.50% and mature between September 2020 and June 2032 . In addition, the Company's debt includes a capital lease of $232 related to the building in Coweta, Oklahoma that carries an interest rate of 7.73% and requires monthly payments through March 2022 . This capital lease was settled in cash in January of 2016. In 2015, a debt of the Company of $1,167 was assumed by a third-party as the result of a lawsuit settlement. See Note 11, "Commitments and Contingencies," in the Notes to the Condensed Consolidated Financial Statements. The Company has also entered into various notes payable and capital lease agreements for the purchase of certain equipment. The notes are secured by certain equipment and payable in monthly installments including interest ranging from 2.45% to 3.85% through November 2019. The gross amount of assets recorded under capital leases totaled $14,870 as of December 31, 2015 and is included in the related property, plant and equipment categories. The long-term debt and capital lease payment obligations including the current portion thereof required in each of the next five years and thereafter are as follows: Year ending December 31, Long-Term Capital Leases 2016 $ 895 $ 1,915 2017 919 1,962 2018 944 2,223 2019 235,024 2,497 2020 5,044 2,351 Thereafter — 2,565 Total 242,826 13,513 Less: imputed interest — (1,805 ) Total $ 242,826 $ 11,708 (1) Includes principal only Debt issuance costs of $8,348 were incurred as a result of the 2014 refinancing transactions and are being amortized over the term of the notes and revolving credit agreement, which is five years. The Company has appropriately split the deferred financing fees incurred in connection with its debt and will amortize the fees over their respective terms. In 2014, as a result of the refinancing of its existing long term indebtedness, which resulted in the settlement and termination of its credit agreement, unamortized debt issuance costs associated with the terminated agreement of $8,340 were written off and recognized as interest expense. As the Company continues to repurchase and retire second-priority senior secured notes, the associated unamortized debt issuance costs are also written-off and amortized as interest expense.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	DERIVATIVE FINANCIAL INSTRUMENTS On June 19, 2014, the Company terminated and settled its interest rate derivatives in conjunction with the settlement of its then existing credit agreement, which had a variable interest rate. This settlement resulted in a charge of $793 to interest expense in the Condensed Consolidated Statements of Comprehensive Income (Loss) in the year ended December 31, 2014. Prior to this termination and in compliance with the credit agreement, the Company purchased option and swap derivative contracts to hedge against the potential impact on earnings from an increase in market interest rates associated with the interest payments on its variable rate term credit facility. The objective of the hedge transactions was to reduce the variability of cash flows due to changes in the designated benchmark interest rate on the term debt. The Company had no derivative financial instruments recorded in the Condensed Consolidated Balance Sheet at December 31, 2015 or December 31, 2014. The Company designated and accounted for these swaps and purchased options as cash flow hedges of interest rate risk. The Company reported the gain or loss, net of taxes, from the effective portion of the hedge as a component of Accumulated Other Comprehensive Income (“AOCI”) deferring it and reclassifying it into earnings in the same period or periods in which the hedged transaction affects earnings and in the same line item on the Condensed Consolidated Statements of Comprehensive Income (Loss) as the impact of the hedged transaction. The cumulative amounts reported in AOCI related to these derivatives were reclassified from AOCI to interest expense on the Condensed Consolidated Statements of Comprehensive Income (Loss) in the quarter ended June 30, 2014. The Company did not use these derivative instruments for trading or speculative purposes. The following amounts are included in AOCI and earnings for the years ended December 31, 2015 and December 31, 2014: Net of Tax Derivatives in Cash Flow Hedging Relationship Effective portion of (Gain) Loss Recognized in AOCI on Derivative Effective Portion of (Gain) Loss Reclassified from AOCI into Earnings Year ended December 31, 2015 Interest rate derivatives $ — $ — Year ended December 31, 2014 Interest rate derivatives $ — $ 278

(LOSS) EARNINGS PER COMMON SHAR

(LOSS) EARNINGS PER COMMON SHARE	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
EARNINGS PER COMMON SHARE	PER COMMON SHARE Basic net income per common share is based upon the weighted average number of common shares outstanding. Diluted net income per common share is based upon the weighted average number of common shares outstanding, including the dilutive effect of restricted stock, using the if-converted methods. The following table shows a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share. Year ended December 31, 2015 2014 2013 Numerators Net loss $ (2,241 ) $ (28,962 ) $ (58,485 ) Denominators Weighted average common shares - basic 12,869,353 12,716,976 12,607,833 Dilutive effect of restricted stock — — — Weighted average common shares - diluted 12,869,353 12,716,976 12,607,833 Basic earnings per share $ (0.17 ) $ (2.28 ) $ (4.64 ) Diluted earnings per share $ (0.17 ) $ (2.28 ) $ (4.64 ) For the twelve months ended December 31, 2015 , December 31, 2014 and December 31, 2013 , 159,875 , 153,249 and 111,976 shares, respectively, are not included in the calculation of diluted earnings per share, as their inclusion would have been anti-dilutive. These securities could be dilutive in future periods.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES The Company leases certain facilities and equipment under various non-cancelable operating lease agreements that expire at various dates through 2025 . At December 31, 2015 , the future minimum lease payments under operating leases with initial non-cancelable terms in excess of one year are as follows: 2016 $ 7,654 2017 6,842 2018 6,510 2019 5,188 2020 4,186 Thereafter 14,787 $ 45,167 Rent expense totaled $7,753 , $8,396 and $8,501 in 2015 , 2014 and 2013 , respectively. The Company has entered into employment agreements with certain members of senior management, the terms of which expire on January 1, 2016 through December 31, 2016 , as applicable. The terms of these agreements are up to 3 years , include non-compete and non-disclosure provisions, and provide for defined severance payments in the event of termination. Legal Contingencies The Company has been named as a defendant in certain pending lawsuits in the normal course of business (the “Pending Lawsuits”). The Company was also the subject of the various proceedings that were resolved in 2015, as described below. Management discloses the amount or range of reasonably possible losses from any legal proceedings. In the opinion of management, after consulting with legal counsel, the losses, if any, resulting from the Pending Lawsuits is not expected to have a material effect on the Company’s financial position, results of operations or cash flows. In November, 2013, the Attorney General of the State of Missouri (the “Missouri AG”) contacted LMI regarding allegations of violations of certain state environmental regulations involving the discharge of pollutants and water contaminants claimed to have occurred in 2011 by Ozark Mountain Technologies ("OMT"), a subsidiary of LMI, (the “Missouri AG Matter”). On February 25, 2015, the Missouri AG filed a Petition against OMT alleging pollution of state waters, violation of pretreatment regulations and violation of water quality standards. In the quarter ended June 30, 2015, OMT settled the Missouri AG Matter and in July of 2015 paid civil penalties of $175 . In August 2013, the Environmental Protection Agency ("EPA") and the U.S. Dept. of Justice (“DoJ”) commenced an investigation into allegations of low pH wastewater releases claimed to have occurred between 2009 and 2013 at OMT’s facility (the “Waste Water Allegations”). On April 24, 2015, the Company settled the Waste Water Allegations pursuant to a settlement agreement with DoJ ("Plea Agreement"). Per the terms of the Plea Agreement, OMT plead guilty to one count of negligently violating the Federal Water Pollution Control Act and paid a fine of $694 in the quarter ended June 30, 2015. In connection with the Plea Agreement, DoJ agreed that no further federal criminal or civil prosecution will be brought against OMT relative to certain other possible instances of environmental non-compliance that the Company voluntarily reported to the EPA in December 2013 as part of the EPA’s Audit Policy. The fine and civil penalties paid in connection with both settlements described above equal to the loss contingencies recorded by the Company at December 31, 2014. In December 2012, OMT became an indirect subsidiary of LMI as a result of LMI’s acquisition of Valent from the former equity owners of Valent, including Tech Investments, LLC and Tech Investments II, LLC (together, “Tech”). Also as a result of the transaction, Tech became the beneficial owners of approximately 5.5% of LMI’s common stock. Pursuant to the terms of the purchase agreement, as amended (the “Valent Purchase Agreement”), $5,000 of the purchase price remained subject to an indemnification escrow arrangement (the “Escrow Funds”) and 783,798 shares of LMI’s common stock issued as part of the purchase price were subject to indemnification lock-up agreements (the “Locked-Up Shares”). On September 22, 2015, LMI and the former equity owners of Valent (the “Parties”) submitted to mediation and executed an agreement setting forth terms of a settlement with respect to the resolution of certain indemnification claims and other disputes involving, among other things, the OMT matters discussed above, and on November 5, 2015, the Parties executed the definitive settlement documents (the agreement and documents collectively being referred to as the “Settlement Agreements”). The claims and disputes resolved by the settlement had become the subject of legal proceedings that commenced with the filing of a declaratory action by Tech in December 2014 (the “Tech Lawsuit”). Pursuant to the terms of the Settlement Agreements, (a) the Tech Lawsuit was dismissed with prejudice on January 12, 2016, (b) $3,109 of the Escrow Funds was disbursed to the Company and the remaining amount of Escrow Funds was retained by Tech, (c) Tech assumed an approximate $1,167 payment obligation of the Company to a predecessor owner of OMT that remained under a purchase agreement the Company acquired as part of the Company’s acquisition of Valent; (d) the Locked-up Shares were released to Tech; and (e) all parties entered into a mutual release of claims and disputes other than those based on certain environmental representations of the former equity owners of Valent under the Valent Purchase Agreement. The settlement also resulted in the Company assuming other liabilities of $500, collecting a previously recorded receivable of $389 and recording other expenses of $40. The net impact of the settlement resulted in a gain of $3,347 which is recorded in selling, general and administrative expenses in the accompanying Consolidated Statements of Operations.

DEFINED CONTRIBUTIONS PLANS

DEFINED CONTRIBUTIONS PLANS	12 Months Ended
	Dec. 31, 2015
Defined Contribution Pension and Other Postretirement Plans Disclosure [Abstract]
DEFINED CONTRIBUTIONS PLANS	DEFINED CONTRIBUTION PLANS The Company sponsored two defined contribution plans in 2015 : the LMI Profit Sharing and Savings Plan (the “LMI Plan”) and the Valent 401(k) plan the (“Valent Plan”). The Valent Plan was merged into the LMI plan effective June 4, 2015 and was subsequently terminated. At December 31, 2015, the LMI Plan covers virtually all of the employees of the Company, and is a profit sharing plan that allows discretionary profit sharing contributions by the Company. The LMI Plan also includes a 401(k) component that allows employee deferrals and a discretionary matching contribution component, under which the Company may make contributions based upon a percentage of employee contributions. In 2015, the Company made contributions up to a maximum of 3.0% or 5.0% of eligible annual wages per employee. The applicable percent of eligible wages for each participant was determined by the operating segment to which an employee belongs. Matching contributions to the LMI Plan are vested to the employee over four years at 25% per annum. Profit sharing contributions by the Company to the LMI Plan become vested over time and are fully vested after six years. No profit sharing contributions were made to the LMI Plan for 2015 , 2014 , or 2013 . The Company recognized costs for matching contributions to the LMI Plan totaling $1,519 , $729 , and $830 in 2015 , 2014 , and 2013 , respectively. The Company’s matching contributions to the LMI Plan are determined and approved by the Board of Directors, which can be settled in cash or shares of LMI common stock. For the years ended December 31, 2014 and 2013 , the Company made matching contributions of 50% for each one dollar contributed by each participant up to a maximum employer matching contribution of $1 per employee. In 2015 , 2014 , and 2013 the contribution was made in shares of the Company’s common stock. The amount of the expense is calculated based on the formula described above and is not impacted by the value of the common stock, as the shares contributed are based on the dollar amount of the matching contribution. Under the Valent Plan, participants could elect to have a portion of their salary contributed to the respective plans within certain limits. Under the Valent Plan, the Company could contribute a discretionary matching contribution. The exact percentage, if any, was determined each year and could not exceed 3.0% of a participant’s compensation for the year. During 2014 and 2013, the Company recognized expense of $848 and $745 , respectively, equaling 100% of the first 3.0% of participant compensation in both years.

STOCK BASED COMPENSATION

STOCK BASED COMPENSATION	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK BASED COMPENSATION	STOCK-BASED COMPENSATION On July 7, 2005, the Company’s shareholders approved the LMI Aerospace, Inc. 2005 Long-term Incentive Plan (the “2005 Plan”). The 2005 Plan provides for the grant of non-qualified stock options, incentive stock options, shares of restricted stock, restricted stock units, stock appreciation rights, performance awards and other share-based grants and cash bonus awards to employees and directors. All share-based grants or awards are subject to a time-based vesting schedule. The Company has issued shares of restricted stock and restricted stock units in the periods presented. A summary of the activity for non-vested restricted stock awards under the 2005 Plan is presented below: 2015 Restricted Stock Awards Shares Weighted Average Grant Date Fair Value Outstanding at January 1 296,782 $ 16.58 Granted 131,703 13.22 Vested (131,986 ) 17.57 Forfeited (43,065 ) 15.31 Outstanding at December 31 253,434 $ 14.54 Common stock compensation expense related to restricted stock awards granted under the 2005 Plan was $1,284 , $1,850 and $1,615 for the years ended December 31, 2015 , 2014 and 2013 , respectively. Total unrecognized compensation costs related to non-vested share-based awards granted or awarded under the 2005 Plan were $1,762 and $2,036 as of December 31, 2015 and December 31, 2014 , respectively. These costs are expected to be recognized over a weighted average period of 1.6 and 1.2 years as of December 31, 2015 and 2014 , respectively. The fair value of restricted stock awards that vested during the years ended December 31, 2015 , 2014 and 2013 , based on the market price on the vesting date, was $1,559 , $1,083 and $602 , respectively. As of July 7, 2015 the Company was no longer able to grant awards under the 2005 Plan. On June 24, 2015, the Company's shareholders approved the LMI Aerospace, Inc. 2015 Incentive Compensation Plan (the “2015 Plan”), which became effective on July 1, 2015. Under the 2015 Plan, the Company, through the Compensation Committee of the Board of Directors, may, at its discretion, grant stock options, restricted shares of common stock, and other various stock-based awards to directors, officers, employees and consultants. A total of 750,000 shares of the Company’s common stock have been reserved for issuance under the 2015 Plan. All outstanding share-based grants are in the form of restricted stock. A summary of the activity for non-vested restricted stock awards under the 2015 Plan is presented below: 2015 Restricted Stock Awards Shares Weighted Average Grant Date Fair Value Outstanding at January 1 — $ — Granted 61,801 9.79 Vested — — Forfeited — — Outstanding at December 31 61,801 $ 9.79 Common stock compensation expense related to restricted stock awards granted under the 2015 Plan was $303 for the year ended December 31, 2015 . Total unrecognized compensation costs related to non-vested share-based awards granted or awarded under the 2015 Plan were $303 as of December 31, 2015 . These costs are expected to be recognized over a weighted average period of 0.5 years as of December 31, 2015 . As of December 31, 2015 , no shares of restricted stock had vested under the 2015 Plan.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Net deferred tax (liabilities)/assets at December 31, were as follows: December 31, 2015 2014 Deferred tax assets $ 35,730 $ 31,580 Deferred tax liabilities (21,625 ) (19,198 ) Valuation allowance (14,641 ) (12,676 ) Net deferred tax liabilities (1) $ (536 ) $ (294 ) (1) During 2015 the Company adopted FASB Accounting Standards Update No. 2015-17, which requires that the Consolidated Balance Sheets reflect all deferred income tax assets and liabilities as non-current. Prior year balances have been reclassified to reflect the current year presentation. Based on our current and anticipated future pre-tax earnings, we believe it is more likely than not that our federal and state deferred tax assets, including benefits related to net operating loss carry forwards, will not be realized based on the measurement standards required under ASC 740, Accounting for Income Taxes. We evaluated all significant available positive and negative evidence, including the existence of losses in the current and prior year in assessing the continuing need for a valuation allowance. The temporary differences between the tax basis of assets and liabilities and their financial reporting amounts that give rise to the deferred income tax assets and liabilities are as follows: December 31, 2015 2014 Goodwill and intangible assets $ 13,267 $ 16,375 Inventories 2,569 3,483 NOL carry forwards 10,529 2,345 Tax credit carry forwards 2,354 1,180 Stock award 827 1,049 Gain on sale of real estate 783 868 Obligation under operating leases 835 800 Accrued vacation 504 773 Accrued bonus 649 722 Other 426 547 Long-term contract costs (11,781 ) (7,652 ) Depreciation (6,857 ) (8,108 ) Valuation allowance (14,641 ) (12,676 ) Net deferred tax liabilities $ (536 ) $ (294 ) The Company’s income tax provision (benefit) attributable to income before taxes consisted of the following for the years ended December 31, 2015, 2014 and 2013 2015 2014 2013 Federal: Current $ 304 $ (9,173 ) $ (676 ) Deferred (14 ) 155 (6,066 ) 290 (9,018 ) (6,742 ) State: Current 55 21 120 Deferred 7 44 (357 ) 62 65 (237 ) Provision (benefit) for income taxes $ 352 $ (8,953 ) $ (6,979 ) The current federal benefit in 2014 reflects the Company's decision to carry back its 2013 and 2014 tax losses to prior years in order to obtain tax refunds. The Company collected an income tax receivable of $6,527 in the fourth quarter of 2015 related to this carryback. The Company's deferred tax benefit in 2013 reflects the reversal of deferred tax liabilities offset by the impact of establishing a valuation allowance. The reconciliation of income tax computed at the U.S. federal statutory tax rates to income tax (benefit) provision is as follows: 2015 2014 2013 Federal taxes $ (661 ) $ (13,270 ) $ (22,912 ) State and local taxes, net of federal benefit (114 ) 358 (1,119 ) Non-deductible goodwill impairment — 9,254 — Valuation allowance 1,809 (5,294 ) 17,718 Tax audit adjustment 306 — — Research and experimental and other tax credits (1,174 ) (503 ) (634 ) Other 186 502 (32 ) Provision (benefit) for income taxes $ 352 $ (8,953 ) $ (6,979 ) At December 31, 2015, the Company had federal net operating loss and tax credit carry forwards with a value of $10,001 which will begin to expire in the year 2034. At December 31, 2015, the Company had state net operating loss and tax carry forwards with a value of $2,881 . The state net operating losses begin to expire in the year 2023 through 2035.

RESTRUCTURING

RESTRUCTURING	12 Months Ended
	Dec. 31, 2015
Restructuring and Related Activities [Abstract]
RESTRUCTURING	RESTRUCTURING The Company committed to and implemented various restructuring plans in 2013, 2014 and 2015. Included in those plans were the closure of the Precise Machine facility in Fort Worth, Texas, and the relocation of the machining operations in both Savannah, Georgia and St. Charles, Missouri to other facilities within the Company. In addition, the Company closed its Melbourne, Australia and Greenville, South Carolina engineering offices, eliminated additional management positions within the Engineering Services segment and closed its Coweta, Oklahoma manufacturing facility. Other employment separation activities, which were primarily severance related, were also implemented as part of the Company's overall reorganization and cost reduction initiatives. The expense associated with these plans was reflected in the selling, general, and administrative section on a separate line of the Condensed Consolidated Statements of Comprehensive Income (Loss). The following table summarizes the incurred charges associated with these restructuring activities: Year ended December 31, 2015 December 31, 2014 December 31, 2013 Precise Machine facility closure $ — $ 287 $ 452 Employee separation agreement - key Valent employees — — 2,621 Savannah machining operations relocation — 47 — St. Charles machine parts operations relocation 150 228 — Coweta machining facility closure 94 — — Greenville office closure 449 — — Australia office closure 47 — — Other employment separation activities 1,582 2,023 — Total $ 2,322 $ 2,585 $ 3,073 Expense incurred by segment: Aerostructures $ 1,108 $ 2,074 $ 3,073 Engineering Services 1,214 511 — Total $ 2,322 $ 2,585 $ 3,073 The Company expects to incur no additional expenses associated with the above restructuring activities. In addition to the expenses detailed in the table above, the Company incurred additional project expenses of $1,265 , $1,361 and $598 in the years ended December 31, 2015, December 31, 2014 and December 31, 2013, respectively, related to the integration of work affected by these restructuring plans and accelerated depreciation of assets disposed of at affected facilities. Cash payments associated with these restructuring plans of $2,806 and $2,268 were made in the years ended December 31, 2015 and December 31, 2014, respectively. Employee Severance Other Total (In Thousands) Accrued restructuring balance as of December 31, 2013 $ 422 $ — $ 422 Accrual additions 2,461 124 2,585 Cash payments (2,144 ) (124 ) (2,268 ) Accrued restructuring balance as of December 31, 2014 $ 739 $ — $ 739 Accrual additions 2,194 128 2,322 Cash payments (2,771 ) (35 ) (2,806 ) Accrued restructuring balance as of December 31, 2015 $ 162 $ 93 $ 255 Accrued restructuring of $255 at December 31, 2015 is expected to be paid over the first two quarters of 2016.

CUSTOMER AND SUPPLIER CONCENTRA

CUSTOMER AND SUPPLIER CONCENTRATION	12 Months Ended
	Dec. 31, 2015
Risks and Uncertainties [Abstract]
CUSTOMER AND SUPPLIER CONCENTRATION	CUSTOMER AND SUPPLIER CONCENTRATION Direct sales to our top three customers, Spirit AeroSystems , Gulfstream Aerospace Corporation , and The Boeing Company accounted for 34.7% , 14.2% and 11.6% of our total revenues in 2015 , respectively. These revenues are reported by both the Aerostructures and Engineering Services segments. Accounts receivable balances related to these customers were 28.6% , 15.5% , and 10.2% , of the accounts receivable balance at December 31, 2015 , respectively. Direct sales to our top three customers, Spirit AeroSystems , Gulfstream Aerospace Corporation and The Boeing Company , accounted for 34.3% , 15.0% and 10.6% of our total revenues in 2014 , respectively. These revenues are reported by both the Aerostructures and Engineering Services segments. Accounts receivable balances related to these customers were 33.3% , 13.1% and 7.4% of the accounts receivable balance at December 31, 2014 , respectively. Direct sales to our top three customers, Spirit AeroSystems , Gulfstream Aerospace Corporation , and The Boeing Company , accounted for 28.5% , 14.6% , and 14.4% of our total revenues in 2013 , respectively. These revenues are reported by both the Aerostructures and Engineering Services segments. Accounts receivable balances related to these customers were 27.8% , 8.5% and 5.7% of the accounts receivable balance at December 31, 2013 , respectively. The Company did not have any sales to a foreign country greater than 10% of its total sales in 2015 , 2014 and 2013 . The amounts of profitability and identifiable assets attributable to foreign sales activity are not material when compared with revenue, profitability, and identifiable assets attributed to United States domestic operations during 2015 , 2014 and 2013 . The Company purchased approximately 43.6% , 47.3% and 44.3% of the raw materials and procured parts from its largest five suppliers in 2015 , 2014 , and 2013 , respectively.

BUSINESS SEGMENT INFORMATION

BUSINESS SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
BUSINESS SEGMENT INFORMATION	BUSINESS SEGMENT INFORMATION The Company is organized into two reportable segments: the Aerostructures segment and the Engineering Services segment. The Aerostructures segment fabricates, machines, finishes, integrates, assembles and kits formed and machined close tolerance aluminum, specialty alloy and composite components for use by the aerospace and defense industries. The Engineering Services segment provides a complete range of design, engineering and program management services supporting aircraft lifecycles from conceptual design, analysis and certification through production support, fleet support and service life extensions via a complete turnkey engineering solution. Corporate assets, liabilities and expenses related to the Company’s corporate offices, except for interest expense and income taxes, primarily support the Aerostructures segment. The table below presents information about reported segments on the basis used internally to evaluate segment performance: December 31, 2015 2014 2013 Net sales: Aerostructures $ 327,230 $ 326,025 $ 331,654 Engineering Services 49,096 63,404 83,717 Eliminations (1,230 ) (1,612 ) (2,814 ) $ 375,096 $ 387,817 $ 412,557 Gross profit: Aerostructures $ 63,584 $ 67,042 $ 68,088 Engineering Services 5,286 8,428 12,145 Eliminations (84 ) (100 ) (371 ) $ 68,786 $ 75,370 $ 79,862 (Loss) income from operations: Aerostructures (1) (4) $ 23,993 $ 18,977 $ (46,050 ) Engineering Services (2) (3) (3,123 ) (27,731 ) (2,699 ) Eliminations (84 ) (104 ) (371 ) $ 20,786 $ (8,858 ) $ (49,120 ) Depreciation, amortization and certain other non-cash charges (credits): Aerostructures (1) $ 18,551 $ 20,223 $ 91,556 Engineering Services (2) (3) 1,853 28,675 6,754 Corporate (4) $ — $ — $ (7,950 ) $ 20,404 $ 48,898 $ 90,360 (1) Includes a charge of $73,528 for goodwill impairment in 2013. (2) Includes a charge of $26,439 for goodwill impairment in 2014. (3) Includes a charge of $4,222 for impairment of intangible assets in 2013. (4) Includes a benefit of $7,950 related to the write-off of contingent consideration in 2013. December 31, 2015 2014 2013 Interest expense: Aerostructures $ 957 $ 1,041 1,054 Engineering Services 43 41 53 Corporate (1) 21,439 28,198 15,855 $ 22,439 $ 29,280 $ 16,962 (1) Includes $8,466 related to the write-off of deferred financing costs in 2014 and $793 related to the settlement of debt derivatives associated with the Company's refinancing of its debt in 2014. December 31, 2015 2014 2013 Capital expenditures: Aerostructures (1) $ 16,348 $ 16,504 $ 23,600 Engineering Services 251 186 549 $ 16,599 $ 16,690 $ 24,149 (1) Includes $411 associated with capital leases in 2013. December 31, 2015 2014 Total assets: Aerostructures $ 379,873 $ 389,867 Engineering 36,107 42,747 $ 415,980 $ 432,614

QUARTERLY FINANCIAL DATA (UNAUD

QUARTERLY FINANCIAL DATA (UNAUDITED)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
QUARTERLY FINANCIAL DATA (UNAUDITED)	QUARTERLY FINANCIAL DATA (UNAUDITED) The results of any single quarter are not necessarily indicative of the Company’s results for the full year. Earnings per share data is computed independently for each of the periods presented. As a result, the sum of the earnings per share amounts for the quarter may not equal the total for the year. 2015 First (1) Second (2) Third (3) Fourth (4) Net sales $ 92,475 $ 97,550 $ 95,633 $ 89,438 Gross profit (3,4) $ 17,197 $ 18,770 $ 16,626 $ 16,193 Net (loss) income (1,2,3,4) $ (1,465 ) $ 378 $ 34 $ (1,188 ) Amounts per common share: Net (loss) income $ (0.11 ) $ 0.03 $ — $ (0.09 ) Net (loss) income - assuming dilution $ (0.11 ) $ 0.03 $ — $ (0.09 ) 2014 First (5) Second (6) Third (7) Fourth (8) Net sales $ 95,751 $ 105,937 $ 97,335 $ 88,794 Gross profit (6) $ 17,461 $ 19,134 $ 22,043 $ 16,732 Net (loss) income (4,5,6,7) $ (442 ) $ (7,411 ) $ 1,396 $ (22,505 ) Amounts per common share: Net (loss) income $ (0.03 ) $ (0.58 ) $ 0.11 $ (1.76 ) Net (loss) income - assuming dilution $ (0.03 ) $ (0.58 ) $ 0.11 $ (1.76 ) (1) Included in the net loss for the the first quarter of 2015 were $275 of restructuring expenses. (2) Included in the net loss for the the second quarter of 2015 were $518 of restructuring expenses. (3) Gross profit in the third quarter of 2015 includes an unfavorable adjustment of $1,738 related to a long-term contract for which a forward loss reserve was established. Net income for the the third quarter of 2015 included a net gain of $3,325 related to a legal settlement and $1,575 of restructuring expenses. (4) Gross profit in the fourth quarter of 2015 includes an unfavorable forward loss reserve adjustment of $1,010 related to a long-term contract. Net loss for the fourth quarter of 2015 includes a restructuring benefit of $46 . (5) Included in the net loss for the the first quarter of 2014 were $428 of restructuring expenses. (6) Net loss in the second quarter of 2014 includes $793 of interest expense related to the termination of interest rate derivatives and $8,340 related to the write-off of debt issuance costs associated with the modification of the Company's revolving credit facility and the termination of its long-term credit agreement. Net loss in the second quarter of 2014 also includes $1,095 of restructuring expenses. (7) Gross profit in the third quarter of 2014 includes a $5,286 favorable cumulative catch-up adjustment related to the settlement of an unpriced change order and the Company's ability to secure more favorable future material pricing on a long-term production contract. In addition, net income in the third quarter of 2014 includes $765 of restructuring expenses. (8) Net loss in the fourth quarter of 2014 includes a $26,439 goodwill impairment charge related to the Engineering Services reporting unit, $297 of restructuring expenses and a $6,396 income tax benefit resulting from the decision to carry the 2014 tax loss back to previous years.

CONDENSED CONSOLIDATING FINANCI

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Notes)	12 Months Ended
	Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Financial Information	CONDENSED CONSOLIDATING FINANCIAL INFORMATION LMI Aerospace, Inc. excluding its subsidiaries (“LMIA”) is the parent company, issuer and obligor of the second-priority senior notes due July 15, 2019 (the “Notes”). The payment obligations of LMIA under the Notes are guaranteed and secured by LMIA and all of its subsidiaries other than minor subsidiaries as further described below. These Notes are guaranteed on a second-priority senior secured basis, jointly and severally, by LMIA (“Guarantor Parent”) and all of its existing and future 100% owned subsidiaries (collectively, the “Guarantor Subsidiaries”) other than minor subsidiaries. Such guaranties are full and unconditional. LMIA conducts substantially all of its business through and derives virtually all of its income from its subsidiaries. Therefore, its ability to make required principal and interest payments with respect to its indebtedness depends on the earnings of subsidiaries and its ability to receive funds from its subsidiaries. The Notes are secured on a second-priority basis by liens on substantially all of LMIA’s and the Guarantor Subsidiaries’ assets, subject to certain exceptions and permitted liens. The liens securing the Notes are contractually subordinated to the liens that secure indebtedness under the revolving credit facility as a result of the lien subordination provisions of the intercreditor agreement to the extent of the value of the collateral securing such indebtedness as well as being subordinated by other existing indebtedness, including industrial revenue bonds, capital leases and other notes payable, to the extent of the value of the collateral that secures such existing indebtedness. As a consequence of this lien subordination and existing indebtedness the notes and the guarantees are effectively subordinated to the extent of the value of the collateral that secures them. Decisions regarding the maintenance and release of the collateral secured by the collateral agreement are made by the lenders under the modified revolving credit facility, and neither the indenture trustee nor the holders of the Notes have control of decisions regarding the release of collateral. We have not presented separate financial statements and separate disclosures have not been provided concerning the Guarantor Subsidiaries due to the presentation of condensed consolidating financial information set forth in this Note, consistent with the Securities and Exchange Commission (the “SEC”) rules governing reporting on guarantor financial information. Supplemental condensed consolidating financial information of the Company, including such information for the Guarantor Subsidiaries, is presented below. Investments in subsidiaries are presented using the equity method of accounting. The principal elimination entries eliminate investments in subsidiaries and inter-company balances and transactions. CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2015 (Amounts in thousands) LMIA(Guarantor Parent) Guarantor Subsidiaries Consolidating/Eliminating Entries Consolidated Assets Current assets: Cash and cash equivalents $ 10,251 $ 253 $ — $ 10,504 Trade accounts receivable, net 1,220 47,271 — 48,491 Intercompany receivables 196,496 203,128 (399,624 ) — Inventories — 114,775 — 114,775 Prepaid expenses and other current assets 2,224 1,923 — 4,147 Total current assets 210,191 367,350 (399,624 ) 177,917 Property, plant and equipment, net 5,430 95,539 — 100,969 Investments in subsidiaries 387,868 — (387,868 ) — Goodwill — 86,784 — 86,784 Intangible assets, net — 46,582 — 46,582 Other assets 2,135 1,593 — 3,728 Total assets $ 605,624 $ 597,848 $ (787,492 ) $ 415,980 Liabilities and shareholders’ equity Current liabilities: Accounts payable $ 1,393 $ 11,763 $ — $ 13,156 Accrued expenses 17,009 13,006 — 30,015 Intercompany Payables 237,548 162,076 (399,624 ) $ — Current installments of long-term debt and capital lease obligations 85 2,277 — 2,362 Total current liabilities 256,035 189,122 (399,624 ) 45,533 Long-term debt and capital lease obligations, less current installments 229,752 17,881 — 247,633 Other long-term liabilities 1,881 2,441 — 4,322 Deferred income taxes 536 — 536 Total long-term liabilities 231,633 20,858 — 252,491 Total shareholders’ equity 117,956 387,868 (387,868 ) 117,956 Total liabilities and shareholders’ equity $ 605,624 $ 597,848 $ (787,492 ) $ 415,980 CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2014 (Amounts in thousands) LMIA(Guarantor Parent) Guarantor Subsidiaries Consolidating/Eliminating Entries Consolidated Assets Current assets: Cash and cash equivalents 7,058 869 — 7,927 Trade accounts receivable, net 1,310 56,924 — 58,234 Intercompany receivables 145,980 145,223 (291,203 ) — Inventories — 114,279 — 114,279 Prepaid expenses and other current assets 8,325 1,930 — 10,255 Total current assets 162,673 319,225 (291,203 ) 190,695 Property, plant and equipment, net 3,148 96,334 — 99,482 Investments in subsidiaries 368,587 (368,587 ) — Goodwill — 86,784 — 86,784 Intangible assets, net — 50,940 — 50,940 Other assets 2,876 1,837 — 4,713 Total assets $ 537,284 $ 555,120 $ (659,790 ) $ 432,614 Liabilities and shareholders’ equity Current liabilities: Accounts payable 1,339 20,416 — $ 21,755 Accrued expenses 13,679 12,393 — 26,072 Intercompany Payables 164,158 127,045 (291,203 ) $ — Current installments of long-term debt and capital lease obligations 335 3,089 — 3,424 Total current liabilities 179,511 162,943 (291,203 ) 51,251 Long-term debt and capital lease obligations, less current installments 239,307 20,338 — 259,645 Other long-term liabilities 331 2,958 — 3,289 Deferred income taxes — 294 — 294 Total long-term liabilities 239,638 23,590 — 263,228 Total shareholders’ equity 118,135 368,587 (368,587 ) 118,135 Total liabilities and shareholders’ equity $ 537,284 $ 555,120 $ (659,790 ) $ 432,614 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) December 31, 2015 (Amounts in thousands, except share and per share data) LMIA(Guarantor Parent) Guarantor Subsidiaries Consolidating/Eliminating Entries Consolidated Sales and service revenue Product sales 239 323,337 35 $ 323,611 Service revenues 36,184 51,720 (36,419 ) 51,485 Net sales 36,423 375,057 (36,384 ) 375,096 Cost of sales and service revenue Cost of product sales 248 259,327 35 259,610 Cost of service revenues 35,952 47,166 (36,418 ) 46,700 Cost of sales 36,200 306,493 (36,383 ) 306,310 Gross profit 223 68,564 (1 ) 68,786 Selling, general and administrative expenses — 45,678 — 45,678 Restructuring expense 340 1,982 — 2,322 (Loss) income from operations (117 ) 20,904 (1 ) 20,786 Other income (expense): Interest expense (21,449 ) (990 ) — (22,439 ) Other, net — (236 ) — (236 ) Income (loss) from equity investments in subsidiaries 19,284 — (19,284 ) — Total other expense (2,165 ) (1,226 ) (19,284 ) (22,675 ) (Loss) income before income taxes (2,282 ) 19,678 (19,285 ) (1,889 ) Provision for income taxes — 352 — 352 Net (loss) income (2,282 ) 19,326 (19,285 ) (2,241 ) Other comprehensive (loss) income: Change in foreign currency translation adjustment — (41 ) — (41 ) Total comprehensive (loss) income $ (2,282 ) $ 19,285 $ (19,285 ) $ (2,282 ) CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) December 31, 2014 (Amounts in thousands, except share and per share data) LMIA(Guarantor Parent) Guarantor Subsidiaries Consolidating/Eliminating Entries Consolidated Sales and service revenue Product sales 466 321,286 (468 ) $ 321,284 Service revenues 36,181 66,543 (36,191 ) 66,533 Net sales 36,647 387,829 (36,659 ) 387,817 Cost of sales and service revenue Cost of product sales 699 254,544 (468 ) 254,775 Cost of service revenues 35,998 57,864 (36,190 ) 57,672 Cost of sales 36,697 312,408 (36,658 ) 312,447 Gross profit (50 ) 75,421 (1 ) 75,370 Selling, general and administrative expenses 792 54,412 — 55,204 Goodwill and intangible asset impairment — 26,439 — 26,439 Restructuring expense 1,012 1,573 — 2,585 Loss from operations (1,854 ) (7,003 ) (1 ) (8,858 ) Other income (expense): Interest expense (28,224 ) (1,056 ) — (29,280 ) Other, net 11 212 — 223 (Loss) Income from equity investments in subsidiaries (8,860 ) — 8,860 — Total other (expense) income (37,073 ) (844 ) 8,860 (29,057 ) (Loss) income before income taxes (38,927 ) (7,847 ) 8,859 (37,915 ) (Benefit) provision for income taxes (9,867 ) 914 — (8,953 ) Net (loss) income (29,060 ) (8,761 ) 8,859 (28,962 ) Other comprehensive (loss) income: Change in foreign currency translation adjustment — (98 ) — (98 ) Reclassification adjustment for losses on interest rate hedges included in net earnings 278 — — 278 Total comprehensive (loss) income $ (28,782 ) $ (8,859 ) $ 8,859 $ (28,782 ) CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) December 31, 2013 (Amounts in thousands, except share and per share data) LMIA(Guarantor Parent) Guarantor Subsidiaries Consolidating/Eliminating Entries Consolidated Sales and service revenue Product sales 4,388 324,455 (4,710 ) $ 324,133 Service revenues 41,578 88,141 (41,295 ) 88,424 Net sales 45,966 412,596 (46,005 ) 412,557 Cost of sales and service revenue Cost of product sales 4,290 255,681 (4,710 ) 255,261 Cost of service revenues 41,533 77,124 (41,223 ) 77,434 Cost of sales 45,823 332,805 (45,933 ) 332,695 Gross profit 143 79,791 (72 ) 79,862 Selling, general and administrative expenses — 55,934 (72 ) 55,862 Goodwill and intangible asset impairment — 77,750 — 77,750 Contingent consideration write-off (7,950 ) — — (7,950 ) Restructuring expense 4 3,069 — 3,073 Acquisitions expense 229 18 — 247 Income (loss) from operations 7,860 (56,980 ) — (49,120 ) Other (expense) income: Interest expense (15,887 ) (1,075 ) — (16,962 ) Other, net 95 523 — 618 Income (loss) from equity investments in subsidiaries (52,278 ) — 52,278 — Total other expense (68,070 ) (552 ) 52,278 (16,344 ) (Loss) income before income taxes (60,210 ) (57,532 ) 52,278 (65,464 ) Benefit for income taxes (1,702 ) (5,277 ) — (6,979 ) Net (loss) income (58,508 ) (52,255 ) 52,278 (58,485 ) Other comprehensive (loss) income: Change in foreign currency translation adjustment — (23 ) — (23 ) Unrealized loss on interest rate hedges (278 ) — — (278 ) Total comprehensive (loss) income $ (58,786 ) $ (52,278 ) $ 52,278 $ (58,786 ) CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year ended December 31, 2015 (Amounts in thousands) LMIA(Guarantor Parent) Guarantor Subsidiaries Consolidating/Eliminating Entries Consolidated Operating activities: Net (loss)/income $ (2,282 ) $ 19,326 $ (19,285 ) $ (2,241 ) Adjustments for non-cash items (14,546 ) 18,416 19,285 23,155 Net changes in operating assets and liabilities, net of acquired businesses 10,420 1,028 — 11,448 Intercompany activity 22,874 (22,874 ) — — Net cash provided by operating activities 16,466 15,896 — 32,362 Investing activities: Additions to property, plant and equipment (1,903 ) (14,696 ) — (16,599 ) Proceeds from sale of equipment — 285 — 285 Net cash used by investing activities (1,903 ) (14,411 ) — (16,314 ) Financing activities: Principal payments on long-term debt and notes payable (11,160 ) (2,116 ) — (13,276 ) Advances on revolving line of credit 99,000 — — 99,000 Payments on revolving line of credit (99,000 ) — — (99,000 ) Payments for debt issuance cost (210 ) 15 — (195 ) Net cash used by financing activities (11,370 ) (2,101 ) — (13,471 ) Net increase (decrease) in cash and cash equivalents 3,193 (616 ) — 2,577 Cash and cash equivalents, beginning of year 7,058 869 — 7,927 Cash and cash equivalents, end of year $ 10,251 $ 253 $ — $ 10,504 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year ended December 31, 2014 (Amounts in thousands) LMIA(Guarantor Parent) Guarantor Subsidiaries Consolidating/Eliminating Entries Consolidated Operating activities: Net (loss)/income $ (29,060 ) $ (8,761 ) $ 8,859 $ (28,962 ) Adjustments for non-cash items 21,714 46,496 (8,859 ) 59,351 Net changes in operating assets and liabilities, net of acquired businesses 19,977 (1,249 ) — 18,728 Intercompany activity 17,663 (17,663 ) — — Net cash provided by operating activities 30,294 18,823 — 49,117 Investing activities: Additions to property, plant and equipment (715 ) (15,975 ) — (16,690 ) Proceeds from sale of equipment 2,558 1,021 — 3,579 Net cash provided (used) by investing activities 1,843 (14,954 ) — (13,111 ) Financing activities: Proceeds from issuance of debt 250,000 — — 250,000 Principal payments on long-term debt and notes payable (231,466 ) (4,167 ) — (235,633 ) Advances on revolving line of credit 66,000 — — 66,000 Payments on revolving line of credit (102,000 ) — — (102,000 ) Payments for debt issuance cost (8,018 ) — — (8,018 ) Other, net — — — — Net cash used by financing activities (25,484 ) (4,167 ) — (29,651 ) Net increase (decrease) in cash and cash equivalents 6,653 (298 ) — 6,355 Cash and cash equivalents, beginning of year 405 1,167 — 1,572 Cash and cash equivalents, end of year $ 7,058 $ 869 $ — $ 7,927 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year ended December 31, 2013 (Amounts in thousands) LMIA(Guarantor Parent) Guarantor Subsidiaries Consolidating/Eliminating Entries Consolidated Operating activities: Net (loss)/income $ (58,508 ) $ (52,255 ) $ 52,278 $ (58,485 ) Adjustments for non-cash items 46,788 90,985 (52,278 ) 85,495 Net changes in operating assets and liabilities, net of acquired businesses 696 (36,055 ) — (35,359 ) Intercompany activity (12,974 ) 12,974 — — Net cash (used)/provided by operating activities (23,998 ) 15,649 — (8,349 ) Investing activities: Additions to property, plant and equipment (4,623 ) (19,115 ) — (23,738 ) Acquisitions, net of cash acquired (504 ) — — (504 ) Proceeds from sale of equipment — 1,989 — 1,989 Net cash used by investing activities (5,127 ) (17,126 ) — (22,253 ) Financing activities: Proceeds from issuance of debt 3,551 2,200 — 5,751 Principal payments on long-term debt and notes payable (5,767 ) (96 ) — (5,863 ) Advances on revolving line of credit 107,000 — — 107,000 Payments on revolving line of credit (77,236 ) — — (77,236 ) Payments for debt issuance cost (1,780 ) (37 ) — (1,817 ) Other, net (8 ) — — (8 ) Net cash provided by financing activities 25,760 2,067 — 27,827 Net (decrease) increase in cash and cash equivalents (3,365 ) 590 — (2,775 ) Cash and cash equivalents, beginning of year 3,770 577 — 4,347 Cash and cash equivalents, end of year $ 405 $ 1,167 $ — $ 1,572

SCHEDULE II VALUATION AND QUALI

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
	Dec. 31, 2015
Valuation and Qualifying Accounts [Abstract]
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS	LMI AEROSPACE, INC. SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Dollar amounts in thousands) December 31, 2015 Beginning Balance Charge to Cost/ Expense Other Charge to Cost/ Expense Write-offs net of Recoveries Ending Balance Reserve for Accounts Receivable Year ended December 31, 2013 $ 287 $ (27 ) $ — $ (80 ) $ 180 Year ended December 31, 2014 $ 180 $ 309 $ — $ (25 ) $ 464 Year ended December 31, 2015 $ 464 $ 53 $ — $ (271 ) $ 246 Income Tax Valuation Allowance Year ended December 31, 2013 $ 261 $ 17,876 $ — $ — $ 18,137 Year ended December 31, 2014 (1) $ 18,137 $ — $ (5,461 ) $ — $ 12,676 Year ended December 31, 2015 $ 12,676 $ 1,965 $ — $ — $ 14,641 (1) Favorable impact of $5,461 resulted from the Company's decision to carry back the 2013 net operating tax loss to prior years.

ACCOUNTING POLICIES (Policies)

ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The Consolidated Financial Statements included in this report have been prepared by management of LMI Aerospace, Inc. All significant intercompany balances and transactions have been eliminated in consolidation. During 2015 we early adopted FASB Accounting Standards Update No. 2015-03, Simplifying the Presentation of Debt Issuance Costs, which requires certain debt issuance costs to be presented in the Consolidated Balance Sheets as a direct deduction from the carrying value of the associated debt liability. The Company applied the provisions of this standard and prior year balances have been reclassfied to reflect the current year presentation. The impact to the Consolidated Balance Sheets at December 31, 2015 and December 31, 2014 was to decrease Other Assets and Long-Term Debt by $4,539 and $5,909, respectively. During 2015 we early adopted FASB Accounting Standards Update No. 2015-17, Balance Sheet Classification of Deferred Income Taxes, which requires that the Consolidated Balance Sheets reflect all deferred income tax assets and liabilities as non-current. The Company applied the provisions of this standard and prior year balances have been reclassified to reflect the current year presentation. The impact to the Consolidated Balance Sheets at December 31, 2015 and December 31, 2014 was to decrease Current Deferred Income Tax Assets and Long-Term Deferred Income Tax Liabilities by $3,016 and $3,913, respectively.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make certain estimates and assumptions. These estimates and assumptions affect the reported amounts in the financial statements and accompanying notes. Actual results could differ from these estimates.
Revenue Recognition	Revenue and Profit Recognition Except as described below, the Company recognizes revenue for sales of products and related services in accordance with Financial Accounting Standards Board, (“FASB”) Accounting Standards Codification (“ASC”) Topic 605-15 Products and Topic 605-20 Services. The Company sells products under long term supply contracts and purchase orders where the product is built to the customer specifications based on firm purchase orders from the customer. The purchase orders tend to be of a relatively short duration and customers place orders on a periodic basis. The pricing is generally fixed for some length of time and the quantities are based on individual purchase orders. Revenue is recognized when title passes and services are rendered, the price is fixed or determinable, and collection is reasonably assured. Approximately 80.0% to 90.0% of the total revenue the Company recognized in any given year is accounted for in accordance with Topics 15 and 20. The remainder of the revenue is accounted for using methods consistent with ASC Topic 605-35 Construction-Type and Production-Type Contracts. The percentage of completion method used to account for contracts depends on the nature of the products provided under the contract. For example, for contracts that require us to perform a significant level of development effort, in comparison to the total value of the contract, sales are recorded using the cost to cost method to measure progress toward completion. Under the cost to cost method of accounting, we recognize sales and estimated profit as costs are incurred based on the proportion that the incurred costs bare compared to total estimated costs. For contracts that require us to provide a substantial number of similar items without a significant level of development, we record sales and estimated profit on a percentage of completion basis using units of delivery as the basis to measure progress toward completing the contract. Under both methods, profit recognized is based on the total expected profit margin percentage multiplied by revenue recognized to date. The Company periodically reviews all estimates to complete as required by the authoritative guidance and the estimated total cost and expected gross profit are revised as required over the life of the contract. Any revisions to the estimated total revenue or cost are accounted for as a change in estimate. A cumulative catch-up adjustment is recorded in the period of the change of the estimated costs to complete the contract. In addition, should total estimated costs at completion exceed the estimated total revenue, the anticipated full loss is recognized in the period in which the anticipated loss is determined. The loss is reported either as a reduction of revenue or as a component of cost of sales. During 2015, the Company recorded a provision for anticipated loss of $1,992 on a cost-to-cost program. At December 31, 2013, the Company had a contract accounted for using the units of delivery method which was acquired during the Valent acquisition and where estimated costs exceeded the total contract revenue. The provision for anticipated loss was established in 2013 for $5,267 and was treated as a measurement period change and as such increased the goodwill related to the Valent acquisition. During the third quarter of 2014, a change was agreed to that resulted in the favorable settlement of an unpriced change order related to this contract. In addition, the Company secured more favorable future material pricing with respect to this contract as engineering changes to the related assemblies had stabilized. As a result, contract costs are no longer expected to exceed revenue and the remaining related loss reserve was reversed, resulting in a favorable cumulative catch up adjustment of $5,267 in the year ended December 31, 2014. The reversal was recorded in the cost of goods sold section of the Consolidated Statements of Comprehensive Income (Loss). Cumulative catch-up adjustments had the following impact to operating income in the years presented: 2015 2014 2013 Favorable adjustments 1,308 5,720 106 Unfavorable adjustments (2,954 ) (1,719 ) (1,609 ) Net operating income adjustments (1,646 ) 4,001 (1,503 ) The net favorable cumulative catch-up adjustments in 2015 relate primarily to two contracts where expected deliveries increased, and performance exceeded prior estimates. An unfavorable cumulative catch-up adjustment of $2,763 was recorded in 2015 related to the Mitsubishi Regional Jet design build program which has experienced higher than expected development costs. This contract is now in a loss position. The adjustment in 2015 related to this program was recorded as a reduction to revenue in the Consolidated Statements of Comprehensive Income (Loss). The net favorable cumulative catch-up adjustments in 2014 relate primarily to two contracts. The favorable adjustments are primarily associated with the aforementioned Valent contract of $5,267 . The unfavorable cumulative catch-up adjustments recorded in 2014 primarily relate to unforeseen failures during the test phase of a design program on the Mitsubishi Regional Jet. The adjustment related to this program was $1,479 and was recorded as a reduction to revenue in the Consolidated Statements of Comprehensive Income (Loss). The negative cumulative catch-up adjustments in 2013 relate primarily to two contracts. The first contract relates to a design program for 787 shipping fixtures on which the Company was unable to pass through as much of the engineering changes incurred to the customer as originally estimated. The Company recorded a reduction of contact revenue of $811 for this program in 2013. The second contract relates to the design portion of the Embraer KC-390 program. In 2013, an adjustment of $706 was recorded to reflect a revision in the expected labor hours necessary to complete the program. For contracts accounted for using the percentage of completion method, management’s estimates of total units to be produced, total revenue to be realized, and material, labor and overhead costs on long-term contracts are critical to the Company. Due to the size, length of time and nature of many of our contracts, the estimation of revenue and costs through completion is complicated and subject to many variables. Claims and unpriced change orders will impact the estimate of total revenues and profits. In the ordinary course of business, the Company may receive requests from its customers to perform tasks not specified in its contracts. When this occurs on a long-term contract using the cost-to-cost method of percentage of completion accounting, the Company may record revenue for claims or unpriced change orders to be negotiated with customers. The Company's revenue recognized in 2015 contained $1,046 that represented amounts associated with claims and unpriced change orders. The development of a contract revenue and gross margin percentage involves utilization of detailed procedures by a team of operational and financial personnel that provides information on the status of the contracts. Total contract cost estimates are largely based our current cost of production, purchase order terms negotiated or estimated by our supply chain. Estimates of revenue and costs associated with each significant contract are reviewed and approved by the team on a quarterly basis. Due to the significance of the judgment in the estimation process described above, it is possible that materially different margins could be recorded if we used different assumptions or if the underlying circumstances were to change.
Pre-Contract and Pre-Production Costs under Long-Term Supply Contracts	Pre-Contract and Pre-Production Costs under Long-Term Supply Contracts In certain circumstances, the Company capitalizes costs incurred prior to the execution of a contract with the customer. These circumstances are limited to instances in which the Company has substantially negotiated the terms and conditions of the anticipated contract with its customers and concluded that their recoverability from the anticipated contract is probable. As these costs are directly associated with a specific anticipated contract and they are concluded to be recoverable under that anticipated contract, the Company has capitalized these amounts. The Company may incur design and development costs prior to the production phase of contracts that are outside the scope of the contract accounting method. These pre-production costs are generally related to costs the Company incurs to design and build tooling that is owned by the customer. The Company receives the non-cancellable right to use these tools to build the parts as specified in a contractual agreement and therefore has capitalized these costs. In certain instances, the Company enters into agreements with its customers that provide it a contractual guarantee for reimbursement of design and engineering services incurred prior to the production phase of a contract. Due to the contractual guarantee, the Company capitalizes the costs of these services. The pre-production costs are amortized to cost of sales over the shorter of the life of the contractual agreement or the related tooling.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash on hand, deposits in transit and all highly liquid investment instruments with an initial maturity of three months or less.
Inventories	Inventories The Company’s inventories are stated at the lower of cost or market and utilize actual costs for raw materials and average or standard cost (which approximates actual cost) for work in process, manufactured and purchased components and finished goods. The Company evaluates the inventory carrying value and reduces the carrying costs based on customer activity, estimated future demand, price deterioration, and other relevant information. The Company’s customer demand is unpredictable and may fluctuate due to factors beyond the Company’s control. In addition, inventoried costs include capitalized contract costs relating to programs and contracts with long-term production cycles, a portion of which is not expected to be realized within one year. See further discussion regarding deferred long-term contract costs under “Revenue and Profit Recognition” and “Pre-Contract and Pre-Production Costs under Long-Term Supply Contracts.”
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts The allowance for doubtful accounts receivable reflects the Company’s best estimate of probable losses inherent in its accounts receivable. The basis used to determine this value is derived from historical experience, specific allowances for known troubled customers and other known information.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment are stated at cost. Depreciation is calculated using the straight-line method over the estimated useful lives of the related assets. Leasehold improvements are amortized using the straight-line method over the shorter of the lease term or the estimated useful lives of the assets. Estimated useful lives for buildings, machinery and equipment, and purchased software are 20 to 35 years, 4 to 10 years and 3 to 4 years, respectively. Amortization incurred under capital leases is reported with depreciation expense.
Long-Lived Assets	Long Lived Assets Long lived assets held and used are reviewed for impairment based on future undiscounted cash flows whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable.
Goodwill and Intangible Assets	Goodwill and Intangible Assets The Company’s acquisitions involve the purchase of tangible and intangible assets and the assumption of certain liabilities. As part of the purchase price allocation, the Company allocates the purchase price to the tangible assets acquired and liabilities assumed based on estimated fair market values, and the remainder of the purchase price is allocated to intangibles and goodwill. Goodwill and intangible assets with indefinite lives are not amortized but are subject to an impairment assessment at least annually in relation to their fair value. Under guidelines established by FASB ASC Topic 280, the Company operates in two operating segments. However, the Company has recorded its goodwill and conducts testing for potential goodwill impairment at a reporting unit level. The reporting units represent a business for which discrete financial information is available, and segment management regularly reviews the operating results. As part of this process, the Company first assesses qualitatively whether it is necessary to perform the quantitative test. The qualitative assessment involves evaluating relevant events or circumstances to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying amount. If it is, the Company can bypass the quantitative assessment of goodwill. If it is not, or if the Company has elected to bypass the qualitative assessment process, the quantitative assessment of goodwill utilizes a two-step process, where the carrying value of the reporting unit is compared to its fair value. If the carrying value is less than the fair value, no impairment exists, and the second step is not performed. However, if the carrying value is greater than the fair value, the second step is performed. An impairment charge would be recognized for the amount that the carrying value of the goodwill exceeds its fair value. The fair values for goodwill testing are estimated using a combination of the income and market approach unless circumstances indicate that a better estimate of fair value is available. The income approach utilizes the discounted cash flow model (“DCF model”) and the market approach is based on the market data for a group of guideline companies.
Deferred Gain on Sale of Real Estate	Deferred Gain on Sale of Real Estate On December 28, 2006 , the Company entered into an agreement with a third party to sell and lease back certain of its real estate properties for $10,250 . The amount of the sale price in excess of book value for these properties of $4,242 was deferred and is being amortized to rent expense over the 18 year term of the leases on a straight-line basis. This deferred gain is reflected in Accrued Expenses and Other Long-Term Liabilities in the Consolidated Balance Sheet.
Share-based Compensation	Share-Based Compensation The Company recognizes compensation expense for share-based payment transactions in the financial statements at their fair value. The expense is measured at the grant date, based on the calculated fair value of the share-based award, and is recognized over the requisite service period (generally the vesting period of the equity award).
Income Taxes	Income Taxes Provisions for federal and state income taxes are calculated on reported net income before income taxes based on current tax law and also include, in the current period, the cumulative effect of any changes in tax rates from those used previously in determining deferred tax assets and liabilities. Such provisions differ from the amounts currently receivable or payable because certain items of income and expense are recognized in different time periods for financial reporting purposes than for income tax purposes. Significant judgment is required in determining income tax provisions and evaluating tax positions. A valuation allowance, if needed, reduces deferred tax assets to the amount expected to be realized. When determining the amount of net deferred tax assets that are more likely than not to be realized, Management assesses all available positive and negative evidence. This evidence includes, but is not limited to, prior earnings history, expected future earnings, carry-back and carry-forward periods and the feasibility of ongoing tax strategies that could potentially enhance the likelihood of the realization of a deferred tax asset. The weight given to the positive and negative evidence is commensurate with the extent the evidence may be objectively verified. As such, it is generally difficult for positive evidence regarding projected future taxable income exclusive of reversing taxable temporary differences to outweigh objective negative evidence of recent financial reporting losses. Based on these criteria and the relative weighting of both the positive and negative evidence available, and in particular the activity surrounding the Company's significant loss in 2013, management determined that it was necessary to establish a valuation allowance against all of its net U.S. deferred tax assets at December 31, 2013. This determination was made as the Company entered into a cumulative loss position over the three year period ended December 31, 2013 primarily due to recording a goodwill impairment of $73,528 related to Valent. Once the Company entered into a cumulative loss position it had passed the threshold after which there is a presumption that a company should no longer rely solely on projected future income in determining whether the deferred tax asset is more likely than not to be realized. The Company has remained in a cumulative loss position at both December 31, 2015 and December 31, 2014. The Company will continue to monitor its deferred tax position and may adjust the valuation allowance, if necessary, for utilization of the underlying deferred tax assets through current taxable income or as available evidence changes. At December 31, 2015 and December 31, 2014, the Company's deferred tax assets remained under a valuation allowance. The accounting for uncertainty in income taxes requires a more-likely-than-not threshold for financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. The Company records a liability for the difference between the benefit recognized and measured for financial statement purposes and the tax position taken or expected to be taken on our tax return. To the extent that management’s assessment of such tax positions changes, the change in estimate is recorded in the period in which the determination is made. The Company’s unrecognized tax benefits as of December 31, 2015 and 2014 are immaterial. The Company expects no significant increases or decreases in unrecognized tax benefits due to changes in tax positions within one year of December 31, 2015 . The Company has no material interest or penalties relating to income taxes recognized in the Consolidated Statement of Comprehensive Income (Loss) as of December 31, 2015 , 2014 or 2013. As of December 31, 2015 , returns for calendar 2014 remain subject to examination by the Internal Revenue Service and/or various state tax jurisdictions. In December 2015, the Company was notified that the Internal Revenue Service will examine its federal returns for the 2014 tax year.
Financial Instruments	Financial Instruments Fair values of the Company’s long-term obligations approximate their carrying values as the applicable interest rates approximate the current market rates or have variable rate characteristics. The Company’s other financial instruments have fair values that approximate their respective carrying values due to their short maturities.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606). On July 9, 2015 the FASB voted to approve a one year delay of the effective date and to permit companies to voluntarily adopt the new standard as of the original effective date. The new standard is effective for reporting periods beginning after December 15, 2017. The standard will supersede existing revenue recognition guidance, including industry-specific guidance, and will provide companies with a single revenue recognition model for recognizing revenue from contracts with customers. The standard requires revenue to be recognized when promised goods or services are transferred to customers in amounts that reflect the consideration to which the company expects to be entitled in exchange for those goods or services. Adoption of the new rules could affect the timing of revenue recognition for certain transactions. The two permitted transition methods under the new standard are the full retrospective method, in which case the standard would be applied to each prior reporting period presented, or the modified retrospective method, in which case the cumulative effect of applying the standard would be recognized at the date of initial application. The provisions of this new guidance are effective as of the beginning of the Company’s first quarter of 2018. The Company is currently evaluating the transition method to be used and the impact of adoption of this standard on its consolidated financial statements. In April 2014, the FASB issued ASU 2014-08, "Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity." The amendments in this update change the requirements for reporting discontinued operations. A discontinued operation may include a component of an entity or a group of components of an entity, or a business or nonprofit activity. A disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results and when the component or group of components meets the criteria to be classified as held for sale, is disposed by sale or is disposed of by other than by sale (for example, by abandonment or in a distribution to owners in a spinoff). ASU 2014-8 is effective prospectively starting with fiscal 2015. The Company has no present activity that was impacted by this new standard. In February 2016, the FASB issued ASU 2016-02, "Leases." The standard requires lessees to recognize a lease liability and a lease asset for all leases, including operating leases, with a term greater than 12 months on its balance sheet. The update also expands the required quantitative and qualitative disclosures surrounding leases. The provisions of this new guidance are effective as of the beginning of the Company’s first quarter of 2019. This update will be applied using a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The Company is currently evaluating the effect of this update on its consolidated financial statements. All other issued but not yet effective accounting pronouncements are not expected to have a material impact on our Condensed Consolidated Financial Statements.

ACCOUNTING POLICIES (Tables)

ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Summary of catch-up adjustments	Cumulative catch-up adjustments had the following impact to operating income in the years presented: 2015 2014 2013 Favorable adjustments 1,308 5,720 106 Unfavorable adjustments (2,954 ) (1,719 ) (1,609 ) Net operating income adjustments (1,646 ) 4,001 (1,503 )

ASSETS AND LIABILITIES MEASUR30

ASSETS AND LIABILITIES MEASURED AT FAIR VALUE (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Valuation methodologies used for assets measured at fair value	2015 Assets and Liabilities at Fair Value Total as of December 31, 2015 Gains Total (Level 1) (Level 2) (Level 3) (Losses) Recurring Fair Value Measurement: Liabilities: Second Priority Senior Secured Notes (1) $ 234,175 $ — $ 234,175 $ — $ — Non-recurring Fair Value Measurements: Asset: Intangible assets, net (2) $ 46,582 $ — $ — $ 46,582 $ — Goodwill (3) $ 86,784 $ — $ — $ 86,784 $ — (1) The fair value of the Company's senior secured notes was determined using the last market price transaction in the year ended December 31, 2015 of 100%. (2) The fair values of intangibles relating to the 2012 acquisitions of TASS and Valent were determined by third parties in connection with the purchase and recorded at those values. (3) The Company performed its annual impairment analysis of goodwill during the fourth quarter of 2015 and determined no adjustments to the carrying value were necessary. 2014 Assets and Liabilities at Fair Value Total as of December 31, 2014 Gains Total (Level 1) (Level 2) (Level 3) (Losses) Recurring Fair Value Measurement: Liabilities: Interest rate derivatives (1) $ — $ — $ — $ — $ (793 ) Second Priority Senior Secured Notes (2) $ 245,000 $ — $ — $ 245,000 $ — Non-recurring Fair Value Measurements: Asset: Intangible assets, net (3) $ 50,940 $ — $ — $ 50,940 $ — Goodwill (4) $ 86,784 $ — $ — $ 86,784 $ (26,439 ) (1) In 2014, the Company terminated and settled its interest rate derivatives in conjunction with the settlement of its then existing credit agreement. (2) The Company's senior secured notes were outstanding but not registered at December 31, 2014. Using a qualitative approach, the Company determined the fair value of the notes at December 31, 2014 was equal to the amount for which they were issued. (3) The fair values of intangibles relating to the 2012 acquisitions of TASS and Valent were determined by third parties in connection with the purchase and recorded at those values. (4) During the fourth quarter of 2014, the Company performed its annual impairment analysis of goodwill. As a result of the analysis, the goodwill related to the Engineering Services reporting unit was deemed impaired, and a $26,439 impairment charge was recorded in the Consolidated Statements of Comprehensive Income (Loss) for the year ended December 31, 2014.

ACCOUNTS RECEIVABLE NET (Tables

ACCOUNTS RECEIVABLE NET (Tables)	12 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
Schedule of accounts receivable, net	Accounts receivable, net consists of the following: December 31, 2015 2014 Trade receivables $ 42,307 $ 53,081 Unbilled revenue 4,869 4,036 Other receivables 1,561 1,581 48,737 58,698 Less: Allowance for doubtful accounts (246 ) (464 ) Accounts receivable, net $ 48,491 $ 58,234

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2015
Inventory Disclosure [Abstract]
Inventories	Inventories consist of the following: December 31, 2015 2014 Raw materials $ 12,513 $ 16,712 Work in progress 22,681 22,960 Manufactured and purchased components 19,224 21,296 Finished goods 28,169 32,403 Product inventory 82,587 93,371 Capitalized contract costs 32,188 20,908 Total inventories $ 114,775 $ 114,279
Schedule of Capitalized Contract Cost by Market [Table Text Block]	The following table illustrates the market to which capitalized contract cost at December 31, 2015 and December 31, 2014 related: December 31, 2015 2014 Large commercial aircraft $ 11,528 $ 4,776 Corporate and regional aircraft 16,721 13,324 Military 3,939 2,808 Total capitalized contract cost $ 32,188 $ 20,908

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Schedule of property, plant and equipment	Depreciation expense (including amortization expense on software) recorded by the Company totaled $15,494 , $17,934 and $15,913 for 2015 , 2014 and 2013 , respectively. December 31, 2015 2014 Land $ 1,108 $ 1,108 Buildings and improvements 27,779 25,415 Machinery and equipment 129,222 122,509 Leasehold improvements 13,373 13,034 Software and other 8,507 12,059 Construction in progress 11,687 10,696 Total gross property, plant and equipment 191,676 184,821 Less accumulated depreciation (90,707 ) (85,339 ) Total net property, plant and equipment $ 100,969 $ 99,482

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill	The following table summarizes the net carrying amount of goodwill by segment at December 31, 2015 and 2014 , respectively: Engineering Aerostructures Services Total 2015 2014 2015 2014 2015 2014 Balance at December 31, Gross Goodwill $ 141,953 $ 141,953 $ 50,741 $ 50,741 $ 192,694 $ 192,694 Accumulated impairment loss (79,471 ) (79,471 ) (26,439 ) (26,439 ) (105,910 ) (105,910 ) Net Goodwill $ 62,482 $ 62,482 $ 24,302 $ 24,302 $ 86,784 $ 86,784
Finite and infinite lived intangible assets	Intangible assets primarily consist of trademarks and customer intangibles resulting from the acquisitions of Versaform Corporation, D3, Intec, TASS, and Valent. The trademarks resulted from the acquisitions of Intec, TASS, and Valent and have a weighted average useful life of 4.5 years . Customer intangibles have a weighted average useful life of 18.5 years . Other intangible assets have a weighted average useful life of 5.3 years . The carrying values were as follows: December 31, 2015 2014 Trademarks $ 778 $ 778 Customer intangible assets 68,991 68,991 Other 1,274 1,274 Accumulated amortization (24,461 ) (20,103 ) Intangible assets, net $ 46,582 $ 50,940
Estimated annual amortization expense	The estimated annual amortization expense for intangible assets is as follows: Year ending December 31, 2016 $ 4,134 2017 3,915 2018 3,563 2019 3,263 2020 3,079 Thereafter 28,628 $ 46,582

ACCRUED EXPENSES (Tables)

ACCRUED EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2015
Payables and Accruals [Abstract]
Schedule of accrued expenses	Accrued expenses consist of the following: December 31, 2015 2014 Accrued interest $ 8,020 $ 9,814 Receipts in excess of cost on long-term production contracts 5,097 — Accrued payroll 2,481 1,647 Accrued bonus 3,698 3,014 Accrued vacation & holiday 1,913 2,933 Accrued employee benefits 3,075 1,800 Accrued operating lease obligations 2,475 2,186 Accrued professional fees 1,104 980 Accrued restructuring 255 739 Other 1,897 2,959 Total accrued expenses $ 30,015 $ 26,072

LONG-TERM DEBT AND CAPITAL LE36

LONG-TERM DEBT AND CAPITAL LEASE OBLIGATIONS Long-term Debt and Capital Lease Obligations (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Long-term debt	Long-term debt and capital lease obligations consist of the following: December 31, 2015 2014 Second priority senior secured notes at a fixed rate of 7.375% at December 31, 2015 and December 31, 2014 $ 234,175 $ 245,000 Missouri IRBs at fixed rate of 2.80% at December 31, 2015 and December 31, 2014 6,901 7,334 Capital Leases, at fixed rates ranging from 3.00% to 7.73% at December 31, 2015 and 2.04% to 7.73% at December 31, 2014 11,708 13,288 Notes payable, principal and interest payable monthly, at fixed rates, up to 2.56% at December 31, 2015 and December 31, 2014 1,750 3,356 Debt issuance cost (1) (4,539 ) (5,909 ) Total debt 249,995 263,069 Less current installments 2,362 3,424 Total long-term debt and capital lease obligations $ 247,633 $ 259,645 (1) During 2015 the Company adopted FASB Accounting Standards Update No. 2015-03 which requires certain debt issuance costs to be presented as a direct deduction from the carrying value of the associated debt liability. Prior year balances have been revised to reflect the current year presentation.
Five year maturities of long-term debt	The long-term debt and capital lease payment obligations including the current portion thereof required in each of the next five years and thereafter are as follows: Year ending December 31, Long-Term Capital Leases 2016 $ 895 $ 1,915 2017 919 1,962 2018 944 2,223 2019 235,024 2,497 2020 5,044 2,351 Thereafter — 2,565 Total 242,826 13,513 Less: imputed interest — (1,805 ) Total $ 242,826 $ 11,708 (1) Includes principal only

DERIVATIVE FINANCIAL INSTRUME37

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives recognized in AOCI and earnings	The following amounts are included in AOCI and earnings for the years ended December 31, 2015 and December 31, 2014: Net of Tax Derivatives in Cash Flow Hedging Relationship Effective portion of (Gain) Loss Recognized in AOCI on Derivative Effective Portion of (Gain) Loss Reclassified from AOCI into Earnings Year ended December 31, 2015 Interest rate derivatives $ — $ — Year ended December 31, 2014 Interest rate derivatives $ — $ 278

(LOSS) EARNINGS PER COMMON SH38

(LOSS) EARNINGS PER COMMON SHARE (Tables)	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Calculation of basic and diluted earnings per share	The following table shows a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share. Year ended December 31, 2015 2014 2013 Numerators Net loss $ (2,241 ) $ (28,962 ) $ (58,485 ) Denominators Weighted average common shares - basic 12,869,353 12,716,976 12,607,833 Dilutive effect of restricted stock — — — Weighted average common shares - diluted 12,869,353 12,716,976 12,607,833 Basic earnings per share $ (0.17 ) $ (2.28 ) $ (4.64 ) Diluted earnings per share $ (0.17 ) $ (2.28 ) $ (4.64 )

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of future minimum lease payments under operating leases	At December 31, 2015 , the future minimum lease payments under operating leases with initial non-cancelable terms in excess of one year are as follows: 2016 $ 7,654 2017 6,842 2018 6,510 2019 5,188 2020 4,186 Thereafter 14,787 $ 45,167

STOCK BASED COMPENSATION (Table

STOCK BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of the activity for non-vested restricted stock awards	A summary of the activity for non-vested restricted stock awards under the 2015 Plan is presented below: 2015 Restricted Stock Awards Shares Weighted Average Grant Date Fair Value Outstanding at January 1 — $ — Granted 61,801 9.79 Vested — — Forfeited — — Outstanding at December 31 61,801 $ 9.79 A summary of the activity for non-vested restricted stock awards under the 2005 Plan is presented below: 2015 Restricted Stock Awards Shares Weighted Average Grant Date Fair Value Outstanding at January 1 296,782 $ 16.58 Granted 131,703 13.22 Vested (131,986 ) 17.57 Forfeited (43,065 ) 15.31 Outstanding at December 31 253,434 $ 14.54

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of deferred tax assets and liabilities	Net deferred tax (liabilities)/assets at December 31, were as follows: December 31, 2015 2014 Deferred tax assets $ 35,730 $ 31,580 Deferred tax liabilities (21,625 ) (19,198 ) Valuation allowance (14,641 ) (12,676 ) Net deferred tax liabilities (1) $ (536 ) $ (294 ) (1) During 2015 the Company adopted FASB Accounting Standards Update No. 2015-17, which requires that the Consolidated Balance Sheets reflect all deferred income tax assets and liabilities as non-current. Prior year balances have been reclassified to reflect the current year presentation.
Components of the net deferred tax liability or asset recognized [Table Text Block]	The temporary differences between the tax basis of assets and liabilities and their financial reporting amounts that give rise to the deferred income tax assets and liabilities are as follows: December 31, 2015 2014 Goodwill and intangible assets $ 13,267 $ 16,375 Inventories 2,569 3,483 NOL carry forwards 10,529 2,345 Tax credit carry forwards 2,354 1,180 Stock award 827 1,049 Gain on sale of real estate 783 868 Obligation under operating leases 835 800 Accrued vacation 504 773 Accrued bonus 649 722 Other 426 547 Long-term contract costs (11,781 ) (7,652 ) Depreciation (6,857 ) (8,108 ) Valuation allowance (14,641 ) (12,676 ) Net deferred tax liabilities $ (536 ) $ (294 )
Schedule of income tax provision attributable to income before income taxes	The Company’s income tax provision (benefit) attributable to income before taxes consisted of the following for the years ended December 31, 2015, 2014 and 2013 2015 2014 2013 Federal: Current $ 304 $ (9,173 ) $ (676 ) Deferred (14 ) 155 (6,066 ) 290 (9,018 ) (6,742 ) State: Current 55 21 120 Deferred 7 44 (357 ) 62 65 (237 ) Provision (benefit) for income taxes $ 352 $ (8,953 ) $ (6,979 )
Schedule of effective income tax rate reconciliation	The reconciliation of income tax computed at the U.S. federal statutory tax rates to income tax (benefit) provision is as follows: 2015 2014 2013 Federal taxes $ (661 ) $ (13,270 ) $ (22,912 ) State and local taxes, net of federal benefit (114 ) 358 (1,119 ) Non-deductible goodwill impairment — 9,254 — Valuation allowance 1,809 (5,294 ) 17,718 Tax audit adjustment 306 — — Research and experimental and other tax credits (1,174 ) (503 ) (634 ) Other 186 502 (32 ) Provision (benefit) for income taxes $ 352 $ (8,953 ) $ (6,979 )

RESTRUCTURING (Tables)

RESTRUCTURING (Tables)	12 Months Ended
	Dec. 31, 2015
Restructuring and Related Activities [Abstract]
Summary of incurred and expected restructuring charges	The following table summarizes the incurred charges associated with these restructuring activities: Year ended December 31, 2015 December 31, 2014 December 31, 2013 Precise Machine facility closure $ — $ 287 $ 452 Employee separation agreement - key Valent employees — — 2,621 Savannah machining operations relocation — 47 — St. Charles machine parts operations relocation 150 228 — Coweta machining facility closure 94 — — Greenville office closure 449 — — Australia office closure 47 — — Other employment separation activities 1,582 2,023 — Total $ 2,322 $ 2,585 $ 3,073 Expense incurred by segment: Aerostructures $ 1,108 $ 2,074 $ 3,073 Engineering Services 1,214 511 — Total $ 2,322 $ 2,585 $ 3,073
Summary of restructuring activity	Employee Severance Other Total (In Thousands) Accrued restructuring balance as of December 31, 2013 $ 422 $ — $ 422 Accrual additions 2,461 124 2,585 Cash payments (2,144 ) (124 ) (2,268 ) Accrued restructuring balance as of December 31, 2014 $ 739 $ — $ 739 Accrual additions 2,194 128 2,322 Cash payments (2,771 ) (35 ) (2,806 ) Accrued restructuring balance as of December 31, 2015 $ 162 $ 93 $ 255

BUSINESS SEGMENT INFORMATION (T

BUSINESS SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Information about reported segments on the basis used internally to evaluate segment performance	The table below presents information about reported segments on the basis used internally to evaluate segment performance: December 31, 2015 2014 2013 Net sales: Aerostructures $ 327,230 $ 326,025 $ 331,654 Engineering Services 49,096 63,404 83,717 Eliminations (1,230 ) (1,612 ) (2,814 ) $ 375,096 $ 387,817 $ 412,557 Gross profit: Aerostructures $ 63,584 $ 67,042 $ 68,088 Engineering Services 5,286 8,428 12,145 Eliminations (84 ) (100 ) (371 ) $ 68,786 $ 75,370 $ 79,862 (Loss) income from operations: Aerostructures (1) (4) $ 23,993 $ 18,977 $ (46,050 ) Engineering Services (2) (3) (3,123 ) (27,731 ) (2,699 ) Eliminations (84 ) (104 ) (371 ) $ 20,786 $ (8,858 ) $ (49,120 ) Depreciation, amortization and certain other non-cash charges (credits): Aerostructures (1) $ 18,551 $ 20,223 $ 91,556 Engineering Services (2) (3) 1,853 28,675 6,754 Corporate (4) $ — $ — $ (7,950 ) $ 20,404 $ 48,898 $ 90,360 (1) Includes a charge of $73,528 for goodwill impairment in 2013. (2) Includes a charge of $26,439 for goodwill impairment in 2014. (3) Includes a charge of $4,222 for impairment of intangible assets in 2013. (4) Includes a benefit of $7,950 related to the write-off of contingent consideration in 2013. December 31, 2015 2014 2013 Interest expense: Aerostructures $ 957 $ 1,041 1,054 Engineering Services 43 41 53 Corporate (1) 21,439 28,198 15,855 $ 22,439 $ 29,280 $ 16,962 (1) Includes $8,466 related to the write-off of deferred financing costs in 2014 and $793 related to the settlement of debt derivatives associated with the Company's refinancing of its debt in 2014. December 31, 2015 2014 2013 Capital expenditures: Aerostructures (1) $ 16,348 $ 16,504 $ 23,600 Engineering Services 251 186 549 $ 16,599 $ 16,690 $ 24,149 (1) Includes $411 associated with capital leases in 2013. December 31, 2015 2014 Total assets: Aerostructures $ 379,873 $ 389,867 Engineering 36,107 42,747 $ 415,980 $ 432,614

QUARTERLY FINANCIAL DATA (UNA44

QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Schedule of quarterly financial data	The results of any single quarter are not necessarily indicative of the Company’s results for the full year. Earnings per share data is computed independently for each of the periods presented. As a result, the sum of the earnings per share amounts for the quarter may not equal the total for the year. 2015 First (1) Second (2) Third (3) Fourth (4) Net sales $ 92,475 $ 97,550 $ 95,633 $ 89,438 Gross profit (3,4) $ 17,197 $ 18,770 $ 16,626 $ 16,193 Net (loss) income (1,2,3,4) $ (1,465 ) $ 378 $ 34 $ (1,188 ) Amounts per common share: Net (loss) income $ (0.11 ) $ 0.03 $ — $ (0.09 ) Net (loss) income - assuming dilution $ (0.11 ) $ 0.03 $ — $ (0.09 ) 2014 First (5) Second (6) Third (7) Fourth (8) Net sales $ 95,751 $ 105,937 $ 97,335 $ 88,794 Gross profit (6) $ 17,461 $ 19,134 $ 22,043 $ 16,732 Net (loss) income (4,5,6,7) $ (442 ) $ (7,411 ) $ 1,396 $ (22,505 ) Amounts per common share: Net (loss) income $ (0.03 ) $ (0.58 ) $ 0.11 $ (1.76 ) Net (loss) income - assuming dilution $ (0.03 ) $ (0.58 ) $ 0.11 $ (1.76 ) (1) Included in the net loss for the the first quarter of 2015 were $275 of restructuring expenses. (2) Included in the net loss for the the second quarter of 2015 were $518 of restructuring expenses. (3) Gross profit in the third quarter of 2015 includes an unfavorable adjustment of $1,738 related to a long-term contract for which a forward loss reserve was established. Net income for the the third quarter of 2015 included a net gain of $3,325 related to a legal settlement and $1,575 of restructuring expenses. (4) Gross profit in the fourth quarter of 2015 includes an unfavorable forward loss reserve adjustment of $1,010 related to a long-term contract. Net loss for the fourth quarter of 2015 includes a restructuring benefit of $46 . (5) Included in the net loss for the the first quarter of 2014 were $428 of restructuring expenses. (6) Net loss in the second quarter of 2014 includes $793 of interest expense related to the termination of interest rate derivatives and $8,340 related to the write-off of debt issuance costs associated with the modification of the Company's revolving credit facility and the termination of its long-term credit agreement. Net loss in the second quarter of 2014 also includes $1,095 of restructuring expenses. (7) Gross profit in the third quarter of 2014 includes a $5,286 favorable cumulative catch-up adjustment related to the settlement of an unpriced change order and the Company's ability to secure more favorable future material pricing on a long-term production contract. In addition, net income in the third quarter of 2014 includes $765 of restructuring expenses. (8) Net loss in the fourth quarter of 2014 includes a $26,439 goodwill impairment charge related to the Engineering Services reporting unit, $297 of restructuring expenses and a $6,396 income tax benefit resulting from the decision to carry the 2014 tax loss back to previous years.

CONDENSED CONSOLIDATING FINAN45

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Tables)	12 Months Ended
	Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Balance Sheet	CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2015 (Amounts in thousands) LMIA(Guarantor Parent) Guarantor Subsidiaries Consolidating/Eliminating Entries Consolidated Assets Current assets: Cash and cash equivalents $ 10,251 $ 253 $ — $ 10,504 Trade accounts receivable, net 1,220 47,271 — 48,491 Intercompany receivables 196,496 203,128 (399,624 ) — Inventories — 114,775 — 114,775 Prepaid expenses and other current assets 2,224 1,923 — 4,147 Total current assets 210,191 367,350 (399,624 ) 177,917 Property, plant and equipment, net 5,430 95,539 — 100,969 Investments in subsidiaries 387,868 — (387,868 ) — Goodwill — 86,784 — 86,784 Intangible assets, net — 46,582 — 46,582 Other assets 2,135 1,593 — 3,728 Total assets $ 605,624 $ 597,848 $ (787,492 ) $ 415,980 Liabilities and shareholders’ equity Current liabilities: Accounts payable $ 1,393 $ 11,763 $ — $ 13,156 Accrued expenses 17,009 13,006 — 30,015 Intercompany Payables 237,548 162,076 (399,624 ) $ — Current installments of long-term debt and capital lease obligations 85 2,277 — 2,362 Total current liabilities 256,035 189,122 (399,624 ) 45,533 Long-term debt and capital lease obligations, less current installments 229,752 17,881 — 247,633 Other long-term liabilities 1,881 2,441 — 4,322 Deferred income taxes 536 — 536 Total long-term liabilities 231,633 20,858 — 252,491 Total shareholders’ equity 117,956 387,868 (387,868 ) 117,956 Total liabilities and shareholders’ equity $ 605,624 $ 597,848 $ (787,492 ) $ 415,980 CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2014 (Amounts in thousands) LMIA(Guarantor Parent) Guarantor Subsidiaries Consolidating/Eliminating Entries Consolidated Assets Current assets: Cash and cash equivalents 7,058 869 — 7,927 Trade accounts receivable, net 1,310 56,924 — 58,234 Intercompany receivables 145,980 145,223 (291,203 ) — Inventories — 114,279 — 114,279 Prepaid expenses and other current assets 8,325 1,930 — 10,255 Total current assets 162,673 319,225 (291,203 ) 190,695 Property, plant and equipment, net 3,148 96,334 — 99,482 Investments in subsidiaries 368,587 (368,587 ) — Goodwill — 86,784 — 86,784 Intangible assets, net — 50,940 — 50,940 Other assets 2,876 1,837 — 4,713 Total assets $ 537,284 $ 555,120 $ (659,790 ) $ 432,614 Liabilities and shareholders’ equity Current liabilities: Accounts payable 1,339 20,416 — $ 21,755 Accrued expenses 13,679 12,393 — 26,072 Intercompany Payables 164,158 127,045 (291,203 ) $ — Current installments of long-term debt and capital lease obligations 335 3,089 — 3,424 Total current liabilities 179,511 162,943 (291,203 ) 51,251 Long-term debt and capital lease obligations, less current installments 239,307 20,338 — 259,645 Other long-term liabilities 331 2,958 — 3,289 Deferred income taxes — 294 — 294 Total long-term liabilities 239,638 23,590 — 263,228 Total shareholders’ equity 118,135 368,587 (368,587 ) 118,135 Total liabilities and shareholders’ equity $ 537,284 $ 555,120 $ (659,790 ) $ 432,614
Condensed Consolidating Income Statement	CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) December 31, 2015 (Amounts in thousands, except share and per share data) LMIA(Guarantor Parent) Guarantor Subsidiaries Consolidating/Eliminating Entries Consolidated Sales and service revenue Product sales 239 323,337 35 $ 323,611 Service revenues 36,184 51,720 (36,419 ) 51,485 Net sales 36,423 375,057 (36,384 ) 375,096 Cost of sales and service revenue Cost of product sales 248 259,327 35 259,610 Cost of service revenues 35,952 47,166 (36,418 ) 46,700 Cost of sales 36,200 306,493 (36,383 ) 306,310 Gross profit 223 68,564 (1 ) 68,786 Selling, general and administrative expenses — 45,678 — 45,678 Restructuring expense 340 1,982 — 2,322 (Loss) income from operations (117 ) 20,904 (1 ) 20,786 Other income (expense): Interest expense (21,449 ) (990 ) — (22,439 ) Other, net — (236 ) — (236 ) Income (loss) from equity investments in subsidiaries 19,284 — (19,284 ) — Total other expense (2,165 ) (1,226 ) (19,284 ) (22,675 ) (Loss) income before income taxes (2,282 ) 19,678 (19,285 ) (1,889 ) Provision for income taxes — 352 — 352 Net (loss) income (2,282 ) 19,326 (19,285 ) (2,241 ) Other comprehensive (loss) income: Change in foreign currency translation adjustment — (41 ) — (41 ) Total comprehensive (loss) income $ (2,282 ) $ 19,285 $ (19,285 ) $ (2,282 ) CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) December 31, 2014 (Amounts in thousands, except share and per share data) LMIA(Guarantor Parent) Guarantor Subsidiaries Consolidating/Eliminating Entries Consolidated Sales and service revenue Product sales 466 321,286 (468 ) $ 321,284 Service revenues 36,181 66,543 (36,191 ) 66,533 Net sales 36,647 387,829 (36,659 ) 387,817 Cost of sales and service revenue Cost of product sales 699 254,544 (468 ) 254,775 Cost of service revenues 35,998 57,864 (36,190 ) 57,672 Cost of sales 36,697 312,408 (36,658 ) 312,447 Gross profit (50 ) 75,421 (1 ) 75,370 Selling, general and administrative expenses 792 54,412 — 55,204 Goodwill and intangible asset impairment — 26,439 — 26,439 Restructuring expense 1,012 1,573 — 2,585 Loss from operations (1,854 ) (7,003 ) (1 ) (8,858 ) Other income (expense): Interest expense (28,224 ) (1,056 ) — (29,280 ) Other, net 11 212 — 223 (Loss) Income from equity investments in subsidiaries (8,860 ) — 8,860 — Total other (expense) income (37,073 ) (844 ) 8,860 (29,057 ) (Loss) income before income taxes (38,927 ) (7,847 ) 8,859 (37,915 ) (Benefit) provision for income taxes (9,867 ) 914 — (8,953 ) Net (loss) income (29,060 ) (8,761 ) 8,859 (28,962 ) Other comprehensive (loss) income: Change in foreign currency translation adjustment — (98 ) — (98 ) Reclassification adjustment for losses on interest rate hedges included in net earnings 278 — — 278 Total comprehensive (loss) income $ (28,782 ) $ (8,859 ) $ 8,859 $ (28,782 ) CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) December 31, 2013 (Amounts in thousands, except share and per share data) LMIA(Guarantor Parent) Guarantor Subsidiaries Consolidating/Eliminating Entries Consolidated Sales and service revenue Product sales 4,388 324,455 (4,710 ) $ 324,133 Service revenues 41,578 88,141 (41,295 ) 88,424 Net sales 45,966 412,596 (46,005 ) 412,557 Cost of sales and service revenue Cost of product sales 4,290 255,681 (4,710 ) 255,261 Cost of service revenues 41,533 77,124 (41,223 ) 77,434 Cost of sales 45,823 332,805 (45,933 ) 332,695 Gross profit 143 79,791 (72 ) 79,862 Selling, general and administrative expenses — 55,934 (72 ) 55,862 Goodwill and intangible asset impairment — 77,750 — 77,750 Contingent consideration write-off (7,950 ) — — (7,950 ) Restructuring expense 4 3,069 — 3,073 Acquisitions expense 229 18 — 247 Income (loss) from operations 7,860 (56,980 ) — (49,120 ) Other (expense) income: Interest expense (15,887 ) (1,075 ) — (16,962 ) Other, net 95 523 — 618 Income (loss) from equity investments in subsidiaries (52,278 ) — 52,278 — Total other expense (68,070 ) (552 ) 52,278 (16,344 ) (Loss) income before income taxes (60,210 ) (57,532 ) 52,278 (65,464 ) Benefit for income taxes (1,702 ) (5,277 ) — (6,979 ) Net (loss) income (58,508 ) (52,255 ) 52,278 (58,485 ) Other comprehensive (loss) income: Change in foreign currency translation adjustment — (23 ) — (23 ) Unrealized loss on interest rate hedges (278 ) — — (278 ) Total comprehensive (loss) income $ (58,786 ) $ (52,278 ) $ 52,278 $ (58,786 )
Condensed Consolidating Cash Flow Statement	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year ended December 31, 2015 (Amounts in thousands) LMIA(Guarantor Parent) Guarantor Subsidiaries Consolidating/Eliminating Entries Consolidated Operating activities: Net (loss)/income $ (2,282 ) $ 19,326 $ (19,285 ) $ (2,241 ) Adjustments for non-cash items (14,546 ) 18,416 19,285 23,155 Net changes in operating assets and liabilities, net of acquired businesses 10,420 1,028 — 11,448 Intercompany activity 22,874 (22,874 ) — — Net cash provided by operating activities 16,466 15,896 — 32,362 Investing activities: Additions to property, plant and equipment (1,903 ) (14,696 ) — (16,599 ) Proceeds from sale of equipment — 285 — 285 Net cash used by investing activities (1,903 ) (14,411 ) — (16,314 ) Financing activities: Principal payments on long-term debt and notes payable (11,160 ) (2,116 ) — (13,276 ) Advances on revolving line of credit 99,000 — — 99,000 Payments on revolving line of credit (99,000 ) — — (99,000 ) Payments for debt issuance cost (210 ) 15 — (195 ) Net cash used by financing activities (11,370 ) (2,101 ) — (13,471 ) Net increase (decrease) in cash and cash equivalents 3,193 (616 ) — 2,577 Cash and cash equivalents, beginning of year 7,058 869 — 7,927 Cash and cash equivalents, end of year $ 10,251 $ 253 $ — $ 10,504 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year ended December 31, 2014 (Amounts in thousands) LMIA(Guarantor Parent) Guarantor Subsidiaries Consolidating/Eliminating Entries Consolidated Operating activities: Net (loss)/income $ (29,060 ) $ (8,761 ) $ 8,859 $ (28,962 ) Adjustments for non-cash items 21,714 46,496 (8,859 ) 59,351 Net changes in operating assets and liabilities, net of acquired businesses 19,977 (1,249 ) — 18,728 Intercompany activity 17,663 (17,663 ) — — Net cash provided by operating activities 30,294 18,823 — 49,117 Investing activities: Additions to property, plant and equipment (715 ) (15,975 ) — (16,690 ) Proceeds from sale of equipment 2,558 1,021 — 3,579 Net cash provided (used) by investing activities 1,843 (14,954 ) — (13,111 ) Financing activities: Proceeds from issuance of debt 250,000 — — 250,000 Principal payments on long-term debt and notes payable (231,466 ) (4,167 ) — (235,633 ) Advances on revolving line of credit 66,000 — — 66,000 Payments on revolving line of credit (102,000 ) — — (102,000 ) Payments for debt issuance cost (8,018 ) — — (8,018 ) Other, net — — — — Net cash used by financing activities (25,484 ) (4,167 ) — (29,651 ) Net increase (decrease) in cash and cash equivalents 6,653 (298 ) — 6,355 Cash and cash equivalents, beginning of year 405 1,167 — 1,572 Cash and cash equivalents, end of year $ 7,058 $ 869 $ — $ 7,927 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year ended December 31, 2013 (Amounts in thousands) LMIA(Guarantor Parent) Guarantor Subsidiaries Consolidating/Eliminating Entries Consolidated Operating activities: Net (loss)/income $ (58,508 ) $ (52,255 ) $ 52,278 $ (58,485 ) Adjustments for non-cash items 46,788 90,985 (52,278 ) 85,495 Net changes in operating assets and liabilities, net of acquired businesses 696 (36,055 ) — (35,359 ) Intercompany activity (12,974 ) 12,974 — — Net cash (used)/provided by operating activities (23,998 ) 15,649 — (8,349 ) Investing activities: Additions to property, plant and equipment (4,623 ) (19,115 ) — (23,738 ) Acquisitions, net of cash acquired (504 ) — — (504 ) Proceeds from sale of equipment — 1,989 — 1,989 Net cash used by investing activities (5,127 ) (17,126 ) — (22,253 ) Financing activities: Proceeds from issuance of debt 3,551 2,200 — 5,751 Principal payments on long-term debt and notes payable (5,767 ) (96 ) — (5,863 ) Advances on revolving line of credit 107,000 — — 107,000 Payments on revolving line of credit (77,236 ) — — (77,236 ) Payments for debt issuance cost (1,780 ) (37 ) — (1,817 ) Other, net (8 ) — — (8 ) Net cash provided by financing activities 25,760 2,067 — 27,827 Net (decrease) increase in cash and cash equivalents (3,365 ) 590 — (2,775 ) Cash and cash equivalents, beginning of year 3,770 577 — 4,347 Cash and cash equivalents, end of year $ 405 $ 1,167 $ — $ 1,572

ACCOUNTING POLICIES (Details)

ACCOUNTING POLICIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2006	Dec. 28, 2006
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenue recognition, percentage of revenue subject to guidance in ASC 605-15 and 605-20, minimum	80.00%
Revenue recognition, percentage of revenue subject to guidance in ASC 605-15 and 605-20, maximum	90.00%
Sell and lease back of real estate properties		$ 10,250
Amount of the sale price in excess of book value			$ 4,242
Lease term of property		18 years
ASU 2015-03 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Description	During 2015 we early adopted FASB Accounting Standards Update No. 2015-03, Simplifying the Presentation of Debt Issuance Costs, which requires certain debt issuance costs to be presented in the Consolidated Balance Sheets as a direct deduction from the carrying value of the associated debt liability. The Company applied the provisions of this standard and prior year balances have been reclassfied to reflect the current year presentation. The impact to the Consolidated Balance Sheets at December 31, 2015 and December 31, 2014 was to decrease Other Assets and Long-Term Debt by $4,539 and $5,909, respectively.
ASU 2015-17 [Member] [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Description	During 2015 we early adopted FASB Accounting Standards Update No. 2015-17, Balance Sheet Classification of Deferred Income Taxes, which requires that the Consolidated Balance Sheets reflect all deferred income tax assets and liabilities as non-current. The Company applied the provisions of this standard and prior year balances have been reclassified to reflect the current year presentation. The impact to the Consolidated Balance Sheets at December 31, 2015 and December 31, 2014 was to decrease Current Deferred Income Tax Assets and Long-Term Deferred Income Tax Liabilities by $3,016 and $3,913, respectively.

ACCOUNTING POLICIES, CHANGE IN

ACCOUNTING POLICIES, CHANGE IN ACCOUNTING ESTIMATE (Details) $ in Thousands	3 Months Ended			12 Months Ended
	Dec. 31, 2014USD ($)	Sep. 30, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)contract	Dec. 31, 2013USD ($)contract
Change in Accounting Estimate [Line Items]
Favorable adjustments		$ 5,286
revenue from claims and unpriced change orders				$ 1,046
Contracts Accounted for under Percentage of Completion [Member]
Change in Accounting Estimate [Line Items]
Change in Accounting Estimate, Number of Contracts with Positive Cumulative Catch-up Adjustments | contract					2
Favorable adjustments				1,308	$ 5,720	$ 106
Unfavorable adjustments				2,954	1,719	$ 1,609
Net operating income adjustments					4,001
Number of contracts with negative cumulative catch-up adjustments | contract						2
Change in Accounting Estimate, Amount, Unfavorable Financial Effect on Operating Income, Net				(1,646)		$ (1,503)
B-787 Dreamliner [Member] | Contracts Accounted for under Percentage of Completion [Member]
Change in Accounting Estimate [Line Items]
Unfavorable adjustments						811
Mitsubishi Regional Jet [Member] [Member] | Contracts Accounted for under Percentage of Completion [Member]
Change in Accounting Estimate [Line Items]
Decrease in net earnings from long term contract adjustment				1,992
Unfavorable adjustments	$ 1,479			$ 2,763
B-737 [Member] | Contracts Accounted for under Percentage of Completion [Member]
Change in Accounting Estimate [Line Items]
Favorable adjustments		$ 5,267			$ 5,267
EMB-KC390 [Member] | Contracts Accounted for under Percentage of Completion [Member]
Change in Accounting Estimate [Line Items]
Unfavorable adjustments						$ 706
Valent Aerostructures, LLC [Member]
Change in Accounting Estimate [Line Items]
Adjustment to loss provision on long-term production contract			$ 5,267

ACCOUNTING POLICIES ACCOUNTING

ACCOUNTING POLICIES ACCOUNTING POLICIES, PROPERTY, PLANT AND EQUIPMENT (Details)	12 Months Ended
	Dec. 31, 2015
Building [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	35 years
Building [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	20 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	10 years
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	4 years
Computer Software, Intangible Asset [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	4 years
Computer Software, Intangible Asset [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years

ASSETS AND LIABILITIES MEASUR49

ASSETS AND LIABILITIES MEASURED AT FAIR VALUE (Details) - USD ($) $ in Thousands		3 Months Ended		12 Months Ended
		Dec. 31, 2014		Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013	[6]
Liabilities at Fair Value [Abstract]
Gain (Loss) on Interest Rate Derivative Instruments Not Designated as Hedging Instruments	[1]					$ (793)
Gain (Loss) on Sale of Notes Receivable				$ 0	[2]	0
Impairment loss on intangible assets				0	[3]	0	[4]
Impairment loss on goodwill		$ 26,439		0	[5]	26,439	[6]	$ 73,528
Non-recurring Fair Value Measurement [Member]
Assets at Fair Value [Abstract]
Intangible assets, net		50,940	[4]	46,582	[3]	50,940	[4]
Goodwill		86,784	[6]	86,784	[5]	86,784	[6]
Non-recurring Fair Value Measurement [Member] | Level 1 [Member]
Assets at Fair Value [Abstract]
Intangible assets, net		0	[4]	0	[3]	0	[4]
Goodwill		0	[6]	0	[5]	0	[6]
Non-recurring Fair Value Measurement [Member] | Level 2 [Member]
Assets at Fair Value [Abstract]
Intangible assets, net		0	[4]	0	[3]	0	[4]
Goodwill		0	[6]	0	[5]	0	[6]
Non-recurring Fair Value Measurement [Member] | Level 3 [Member]
Assets at Fair Value [Abstract]
Intangible assets, net		50,940	[4]	46,582	[3]	50,940	[4]
Goodwill		86,784	[6]	86,784	[5]	86,784	[6]
Interest Rate Derivatives [Member] | Recurring Fair Value Measurement [Member]
Liabilities at Fair Value [Abstract]
Interest rate derivatives	[1]	0				0
Notes Payable, Fair Value Disclosure		245,000	[7]	234,175	[2]	245,000	[7]
Interest Rate Derivatives [Member] | Recurring Fair Value Measurement [Member] | Level 1 [Member]
Liabilities at Fair Value [Abstract]
Interest rate derivatives	[1]	0				0
Notes Payable, Fair Value Disclosure		0	[7]	0	[2]	0	[7]
Interest Rate Derivatives [Member] | Recurring Fair Value Measurement [Member] | Level 2 [Member]
Liabilities at Fair Value [Abstract]
Interest rate derivatives	[1]	0				0
Notes Payable, Fair Value Disclosure		0	[7]	234,175	[2]	0	[7]
Interest Rate Derivatives [Member] | Recurring Fair Value Measurement [Member] | Level 3 [Member]
Liabilities at Fair Value [Abstract]
Interest rate derivatives	[1]	0				0
Notes Payable, Fair Value Disclosure		$ 245,000	[7]	$ 0	[2]	$ 245,000	[7]
[1]	In 2014, the Company terminated and settled its interest rate derivatives in conjunction with the settlement of its then existing credit agreement
[2]	The fair value of the Company's senior secured notes was determined using the last market price transaction in the year ended December 31, 2015 of 100%
[3]	The fair values of intangibles relating to the 2012 acquisitions of TASS and Valent were determined by third parties in connection with the purchase and recorded at those values.
[4]	The fair values of intangibles relating to the 2012 acquisitions of TASS and Valent were determined by third parties in connection with the purchase and recorded at those values.
[5]	The Company performed its annual impairment analysis of goodwill during the fourth quarter of 2015 and determined no adjustments to the carrying value were necessary.
[6]	During the fourth quarter of 2014, the Company performed its annual impairment analysis of goodwill. As a result of the analysis, the goodwill related to the Engineering Services reporting unit was deemed impaired, and a $26,439 impairment charge was recorded in the Consolidated Statements of Comprehensive Income (Loss) for the year ended December 31, 2014.
[7]	The Company's senior secured notes were outstanding but not registered at December 31, 2014. Using a qualitative approach, the Company determined the fair value of the notes at December 31, 2014 was equal to the amount for which they were issued.

ACCOUNTS RECEIVABLE NET (Detail

ACCOUNTS RECEIVABLE NET (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Accounts Receivable, Net [Abstract]
Trade receivables	$ 42,307	$ 53,081
Unbilled revenue	4,869	4,036
Other receivables	1,561	1,581
Accounts receivable, gross	48,737	58,698
Less: Allowance for doubtful accounts	(246)	(464)
Accounts receivable, net	$ 48,491	$ 58,234

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Inventory [Line Items]
Other Inventory, Capitalized Costs, Gross	$ 32,188	$ 20,908
Inventories [Abstract]
Raw materials	12,513	16,712
Work in progress	22,681	22,960
Manufactured and purchased components	19,224	21,296
Finished goods	28,169	32,403
Product inventory	82,587	93,371
Capitalized contract costs	32,188	20,908
Total inventories	114,775	114,279
paymentofcashconsideration	6,500
Spirit [Member]
Inventory [Line Items]
Increase (Decrease) in Inventory for Long-term Contracts or Programs	6,000
Large Commercial Aircraft [Member]
Inventory [Line Items]
Other Inventory, Capitalized Costs, Gross	11,528	4,776
Corporate and Regional Aircraft [Member]
Inventory [Line Items]
Other Inventory, Capitalized Costs, Gross	16,721	13,324
Military [Member]
Inventory [Line Items]
Other Inventory, Capitalized Costs, Gross	$ 3,939	$ 2,808

PROPERTY, PLANT AND EQUIPMENT52

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]
Depreciation and amortization	$ 15,494	$ 17,934	$ 15,913
Property, Plant and Equipment, Net [Abstract]
Gross property, plant and equipment	191,676	184,821
Less accumulated depreciation	(90,707)	(85,339)
Total net property, plant and equipment	100,969	99,482
Land [Member]
Property, Plant and Equipment, Net [Abstract]
Gross property, plant and equipment	1,108	1,108
Buildings and Improvements [Member]
Property, Plant and Equipment, Net [Abstract]
Gross property, plant and equipment	27,779	25,415
Machinery and Equipment [Member]
Property, Plant and Equipment, Net [Abstract]
Gross property, plant and equipment	129,222	122,509
Leasehold Improvements [Member]
Property, Plant and Equipment, Net [Abstract]
Gross property, plant and equipment	13,373	13,034
Software and Other [Member]
Property, Plant and Equipment, Net [Abstract]
Gross property, plant and equipment	8,507	12,059
Construction in Progress [Member]
Property, Plant and Equipment, Net [Abstract]
Gross property, plant and equipment	$ 11,687	$ 10,696

GOODWILL AND INTANGIBLE ASSETS,

GOODWILL AND INTANGIBLE ASSETS, GOODWILL (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Goodwill [Line Items]
Gross Goodwill	$ 192,694		$ 192,694		$ 192,694
Accumulated impairment loss	(105,910)		(105,910)		(105,910)
Net Goodwill	86,784		86,784		86,784
Impairment loss on goodwill	26,439		0	[1]	26,439	[2]	$ 73,528	[2]
Aerostructures [Member]
Goodwill [Line Items]
Gross Goodwill	141,953		141,953		141,953
Accumulated impairment loss	(79,471)		(79,471)		(79,471)
Net Goodwill	62,482		62,482		62,482
Engineering Services [Member]
Goodwill [Line Items]
Gross Goodwill	50,741		50,741		50,741
Accumulated impairment loss	(26,439)		(26,439)		(26,439)
Net Goodwill	24,302		24,302		24,302
Integrated Technologies, Inc. [Member]
Goodwill [Line Items]
Net Goodwill			6,194
Valent Aerostructures, LLC [Member]
Goodwill [Line Items]
Adjustment to loss provision on long-term production contract		$ 5,267
Impairment loss on goodwill							$ 73,528
Valent Aerostructures, LLC [Member] | Aerostructures [Member]
Goodwill [Line Items]
Net Goodwill			56,288
Engineering Services [Member]
Goodwill [Line Items]
Net Goodwill			$ 24,302
Impairment loss on goodwill	$ 26,439				$ 26,439
[1]	The Company performed its annual impairment analysis of goodwill during the fourth quarter of 2015 and determined no adjustments to the carrying value were necessary.
[2]	During the fourth quarter of 2014, the Company performed its annual impairment analysis of goodwill. As a result of the analysis, the goodwill related to the Engineering Services reporting unit was deemed impaired, and a $26,439 impairment charge was recorded in the Consolidated Statements of Comprehensive Income (Loss) for the year ended December 31, 2014.

GOODWILL AND INTANGIBLE ASSET54

GOODWILL AND INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Goodwill and Intangible Assets [Line Items]
Goodwill, Impairment Loss	$ 26,439	$ 0	[1]	$ 26,439	[2]	$ 73,528	[2]
Intangible Assets [Abstract]
Trademarks	778	778		778
Customer intangible assets	68,991	68,991		68,991
Other	1,274	1,274		1,274
Accumulated amortization	(20,103)	(24,461)		(20,103)
Intangible assets, net	50,940	46,582		50,940
Amortization expense on intangible assets		4,359		4,524		4,647
Estimated annual amortization expense for these intangibles [Abstract]
2,016		4,134
2,017		3,915
2,018		3,563
2,019		3,263
2,020		3,079
Thereafter		28,628
Intangible assets, net	$ 50,940	$ 46,582		$ 50,940
Customer Intangible Assets [Member]
Intangible Assets [Abstract]
Weighted average estimated useful life		18 years 6 months
Other [Member]
Intangible Assets [Abstract]
Weighted average estimated useful life		5 years 3 months 18 days
Valent Aerostructures, LLC [Member]
Goodwill and Intangible Assets [Line Items]
Goodwill, Impairment Loss						$ 73,528
Intec, TASS and Valent [Member] | Trademarks [Member]
Intangible Assets [Abstract]
Weighted average estimated useful life		4 years 6 months
[1]	The Company performed its annual impairment analysis of goodwill during the fourth quarter of 2015 and determined no adjustments to the carrying value were necessary.
[2]	During the fourth quarter of 2014, the Company performed its annual impairment analysis of goodwill. As a result of the analysis, the goodwill related to the Engineering Services reporting unit was deemed impaired, and a $26,439 impairment charge was recorded in the Consolidated Statements of Comprehensive Income (Loss) for the year ended December 31, 2014.

ACCRUED EXPENSES (Details)

ACCRUED EXPENSES (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Payables and Accruals [Abstract]
Interest Payable	$ 8,020	$ 9,814
Accrued Liabilities [Abstract]
Accrued payroll	2,481	1,647
Accrued bonus	3,698	3,014
Accrued vacation & holiday	1,913	2,933
Accrued employee benefits	3,075	1,800
Accrued operating lease obligations	2,475	2,186
Accrued professional fees	1,104	980
Restructuring Reserve	255	739	$ 422
Receipts in excess of cost on long-term production contracts	5,097	0
Other	1,897	2,959
Total accrued expenses	$ 30,015	$ 26,072

ACCRUED EXPENSES, ACQUISITION-R

ACCRUED EXPENSES, ACQUISITION-RELATED (Details) $ in Thousands	3 Months Ended
	Dec. 31, 2013USD ($)
Valent Aerostructures, LLC [Member]
Business Acquisition [Line Items]
Adjustment to loss provision on long-term production contract	$ 5,267

LONG-TERM DEBT AND CAPITAL LE57

LONG-TERM DEBT AND CAPITAL LEASE OBLIGATIONS (Details) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
		Jun. 30, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Sep. 30, 2014	Jun. 19, 2014
Debt Instrument [Line Items]
Debt Issuance Cost			$ 8,348
Long-term debt, total			249,995	$ 263,069
Current installments of long-term debt and capital lease obligations			2,362	3,424
Long-term debt and capital lease obligations, less current installments			247,633	259,645
Capital Lease Obligations			$ 232
Lease Expiration Date			Dec. 31, 2025
non-cash debt settlement			$ 1,167
Debt issuance cost write-off		$ 8,340	0	8,466	$ 0
Gross amount of assets recorded under capital leases			14,870
Debt Issuance Cost	[1]		(4,539)	(5,909)
Long-term Debt, Fiscal Year Maturity [Abstract]
Year ending December 31, 2016	[2]		895
Year ending December 31, 2017	[2]		919
Year ending December 31, 2018	[2]		944
Year ending December 31, 2019	[2]		235,024
Year ending December 31, 2020	[2]		5,044
Thereafter	[2]		0
Long-term debt, total	[2]		242,826
Less: imputed interest			0
Long-term debt, five year maturities	[2]		242,826
Capital Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
Year ending December 31, 2016			1,915
Year ending December 31, 2017			1,962
Year ending December 31, 2018			2,223
Year ending December 31, 2019			2,497
Year ending December 31, 2020			2,351
Thereafter			2,565
Capital leases, total			13,513
Less: imputed interest			(1,805)
Total capital leases, five year maturities			11,708
Term Loan and Revolving Credit Agreement [Member]
Debt Instrument [Line Items]
Debt issuance cost write-off				8,340
Second Priority Senior Secured Notes [Member]
Debt Instrument [Line Items]
Long-term debt, gross			234,175	$ 245,000
Long-term debt, total							$ 250,000
Debt Instrument, Repurchase Amount			$ 10,825			$ 5,000
Premium Paid on Debt Repurchase			0.00%			1.125%
Fixed interest rate (in hundredths)			7.375%	7.375%
Municipal Bonds [Member]
Debt Instrument [Line Items]
Long-term debt, gross			$ 6,901	$ 7,334
Fixed interest rate, minimum (in hundredths)			2.80%
Fixed interest rate, maximum (in hundredths)			4.50%
Maturity dates			Sep. 30, 2020
Fixed interest rate (in hundredths)			2.80%	2.80%
Capital Leases [Member]
Debt Instrument [Line Items]
Long-term debt, gross			$ 11,708	$ 13,288
Fixed interest rate, minimum (in hundredths)			3.00%	2.04%
Fixed interest rate, maximum (in hundredths)			7.73%	7.73%
Maturity dates			Jun. 30, 2032
Lease Expiration Date			Mar. 31, 2022
Notes Payable [Member]
Debt Instrument [Line Items]
Long-term debt, gross			$ 1,750	$ 3,356
Fixed interest rate, maximum (in hundredths)			2.56%	2.56%
Equipment [Member] | Notes Payable [Member]
Debt Instrument [Line Items]
Fixed interest rate, minimum (in hundredths)			2.45%
Fixed interest rate, maximum (in hundredths)			3.85%
[1]	During 2015 the Company adopted FASB Accounting Standards Update No. 2015-03 which requires certain debt issuance costs to be presented as a direct deduction from the carrying value of the associated debt liability. Prior year balances have been revised to reflect the current year presentation.
[2]	Includes principal only

LONG-TERM DEBT AND CAPITAL LE58

LONG-TERM DEBT AND CAPITAL LEASE OBLIGATIONS, LINE OF CREDIT FACILITY (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Line of Credit Facility [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity	$ 75,000
Letters of Credit Outstanding, Amount	1,250
Maximum borrowing capacity	90,000
Reserve Against line of Credit	15,000
Line of Credit Facility, Average Outstanding Amount	$ 271
Line of Credit Facility, Interest Rate During Period	4.76%
Commitment fee (in hundredths)	0.50%
Line of Credit Facility, Current Borrowing Capacity	$ 45,704
Line of Credit Facility, Borrowing Capacity, Description	The maximum amount, less reserves, available for borrowing at levels below $30,000 are based on a sum of 45% of eligible receivables, 30% of eligible inventories and an additional amount of eligible equipment up to 20% of total borrowings under the facility. The maximum amount, less reserves, available for borrowing at levels above $30,000 are based on a sum of 75% of eligible receivables, 45% of eligible inventories and an additional amount of eligible equipment up to 20% of total borrowings under the facility.
Minimum [Member]
Line of Credit Facility [Line Items]
Commitment fee (in hundredths)	0.375%
Maximum [Member]
Line of Credit Facility [Line Items]
Commitment fee (in hundredths)	0.50%
London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Spread over reference rate (in hundredths)	3.00%
London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Spread over reference rate (in hundredths)	3.50%
Base Rate [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Spread over reference rate (in hundredths)	2.00%
Base Rate [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Spread over reference rate (in hundredths)	2.50%
Eurodollar [Member]
Line of Credit Facility [Line Items]
Spread over reference rate (in hundredths)	1.00%
Federal funds rate [Member]
Line of Credit Facility [Line Items]
Spread over reference rate (in hundredths)	0.50%

DERIVATIVE FINANCIAL INSTRUME59

DERIVATIVE FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative, Loss on Derivative	$ 793	$ 793

DERIVATIVE FINANCIAL INSTRUME60

DERIVATIVE FINANCIAL INSTRUMENTS, FAIR VALUE BY INCOME STATEMENT LOCATION (Details) - Interest Rate Swap [Member] - Cash Flow Hedging [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Effective portion of (Gain) Loss Recognized in AOCI on Derivative	$ 0	$ 0
Effective Portion of (Gain) Loss Reclassified from AOCI into Earnings	$ 0	$ 278

(LOSS) EARNINGS PER COMMON SH61

(LOSS) EARNINGS PER COMMON SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended																12 Months Ended
	Dec. 31, 2015	[1]	Sep. 30, 2015	[2]	Jun. 30, 2015	[3]	Mar. 31, 2015	[4]	Dec. 31, 2014	[5]	Sep. 30, 2014	[6]	Jun. 30, 2014	[7]	Mar. 31, 2014	[8]	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Numerators [Abstract]
Net loss	$ (1,188)		$ 34		$ 378		$ (1,465)		$ (22,505)		$ 1,396		$ (7,411)		$ (442)		$ (2,241)	$ (28,962)	$ (58,485)
Denominators [Abstract]
Weighted average common shares - basic (in shares)																	12,869,353	12,716,976	12,607,833
Dilutive effect of restricted stock (in shares)																	0	0	0
Weighted average common shares - diluted (in shares)																	12,869,353	12,716,976	12,607,833
Basic earnings per share (in dollars per share)	$ (0.09)		$ 0		$ 0.03		$ (0.11)		$ (1.76)		$ 0.11		$ (0.58)		$ (0.03)		$ (0.17)	$ (2.28)	$ (4.64)
Diluted earnings per share (in dollars per share)	$ (0.09)		$ 0		$ 0.03		$ (0.11)		$ (1.76)		$ 0.11		$ (0.58)		$ (0.03)		$ (0.17)	$ (2.28)	$ (4.64)
Antidilutive securities excluded from computation of earnings per share (in shares)																	159,875	153,249	111,976
[1]	Gross profit in the fourth quarter of 2015 includes an unfavorable forward loss reserve adjustment of $1,010 related to a long-term contract. Net loss for the fourth quarter of 2015 includes a restructuring benefit of $46.
[2]	Gross profit in the third quarter of 2015 includes an unfavorable adjustment of $1,738 related to a long-term contract for which a forward loss reserve was established. Net income for the the third quarter of 2015 included a net gain of $3,325 related to a legal settlement and $1,575 of restructuring expenses.
[3]	Included in the net loss for the the second quarter of 2015 were $518 of restructuring expenses.
[4]	Included in the net loss for the the first quarter of 2015 were $275 of restructuring expenses.
[5]	Net loss in the fourth quarter of 2014 includes a $26,439 goodwill impairment charge related to the Engineering Services reporting unit, $297 of restructuring expenses and a $6,396 income tax benefit resulting from the decision to carry the 2014 tax loss back to previous years.
[6]	Gross profit in the third quarter of 2014 includes a $5,286 favorable cumulative catch-up adjustment related to the settlement of an unpriced change order and the Company's ability to secure more favorable future material pricing on a long-term production contract. In addition, net income in the third quarter of 2014 includes $765 of restructuring expenses.
[7]	Net loss in the second quarter of 2014 includes $793 of interest expense related to the termination of interest rate derivatives and $8,340 related to the write-off of debt issuance costs associated with the modification of the Company's revolving credit facility and the termination of its long-term credit agreement. Net loss in the second quarter of 2014 also includes $1,095 of restructuring expenses.
[8]	Included in the net loss for the the first quarter of 2014 were $428 of restructuring expenses.

COMMITMENTS AND CONTINGENCIES62

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Loss Contingencies [Line Items]
Lease Expiration Date	Dec. 31, 2025
Future minimum lease payments under operating leases [Abstract]
2,016	$ 7,654
2,017	6,842
2,018	6,510
2,019	5,188
2,020	4,186
Thereafter	14,787
Total	45,167
Operating lease rent expense	$ 7,753	$ 8,396	$ 8,501
Maximum term of employment agreement	3 years
Tech Investments LLC and Tech Investments II LLC [Member]
Future minimum lease payments under operating leases [Abstract]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	5.50%
Common Stock, Other Shares, Outstanding	783,798

COMMITMENTS AND CONTINGENCIES,

COMMITMENTS AND CONTINGENCIES, LOSS CONTINGENCIES (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2015
Loss Contingencies [Line Items]
Gain (Loss) Related to Litigation Settlement	$ 3,325
Tech Lawsuit [Member]
Loss Contingencies [Line Items]
Loss Contingency, Settlement Agreement, Terms		Pursuant to the terms of the Settlement Agreements, (a) the Tech Lawsuit was dismissed with prejudice on January 12, 2016, (b) $3,109 of the Escrow Funds was disbursed to the Company and the remaining amount of Escrow Funds was retained by Tech, (c) Tech assumed an approximate $1,167 payment obligation of the Company to a predecessor owner of OMT that remained under a purchase agreement the Company acquired as part of the Company’s acquisition of Valent; (d) the Locked-up Shares were released to Tech; and (e) all parties entered into a mutual release of claims and disputes other than those based on certain environmental representations of the former equity owners of Valent under the Valent Purchase Agreement. The settlement also resulted in the Company assuming other liabilities of $500, collecting a previously recorded receivable of $389 and recording other expenses of $40.
Gain (Loss) Related to Litigation Settlement		$ 3,347
Unfavorable Regulatory Action [Member]
Loss Contingencies [Line Items]
Environmental Penalties Paid		175
Environmental Protection Agency [Member]
Loss Contingencies [Line Items]
Environmental Penalties Paid		$ 694
Tech Investments LLC and Tech Investments II LLC [Member]
Loss Contingencies [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners		5.50%
Common Stock, Other Shares, Outstanding		783,798
Valent Aerostructures, LLC [Member]
Loss Contingencies [Line Items]
business acquisitions, purchase price held in escrow	$ 5,000

DEFINED CONTRIBUTIONS PLANS (De

DEFINED CONTRIBUTIONS PLANS (Details)	12 Months Ended
	Dec. 31, 2015USD ($)plan	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Defined Contribution Plan Disclosure [Line Items]
Number of company sponsored defined contribution plans | plan	2
Defined Contribution Plan, Employers Matching Contribution, Annual Vesting Percentage	25.00%
LMI Profit Sharing and Savings Plan [Member]
Defined Contribution Plan Disclosure [Line Items]
Maximum annual contribution per employee amount		$ 1,000
Recognized cost for matching contributions	$ 1,519,000	$ 729,000	$ 830,000
Employer matching contribution percentage (in hundredths)		50.00%
Valent Plans [Member]
Defined Contribution Plan Disclosure [Line Items]
Recognized cost for matching contributions		$ 848,000	$ 745,000
Employer matching contribution percentage (in hundredths)	3.00%
Employer matching contribution threshold	3.00%
Engineering Services [Member] | LMI Profit Sharing and Savings Plan [Member]
Defined Contribution Plan Disclosure [Line Items]
Employer matching contribution threshold	3.00%
Aerostructures [Member] | LMI Profit Sharing and Savings Plan [Member]
Defined Contribution Plan Disclosure [Line Items]
Employer matching contribution threshold	5.00%

STOCK BASED COMPENSATION (Detai

STOCK BASED COMPENSATION (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Restricted Stock Awards [Member]
Weighted Average Grant Date Fair Value
Costs are expected to be recognized over a weighted average period	1 year 6 months 22 days	1 year 2 months 12 days
LMI Aerospace, Inc. 2005 Long-Term Incentive Plan [Member]
Weighted Average Grant Date Fair Value
Compensation expense	$ 1,284	$ 1,850	$ 1,615
LMI Aerospace, Inc. 2005 Long-Term Incentive Plan [Member] | Restricted Stock Awards [Member]
Shares
Outstanding beginning balance (in shares)	296,782
Granted (in shares)	131,703
Vested (in shares)	(131,986)
Forfeited (in shares)	(43,065)
Outstanding ending balance (in shares)	253,434	296,782
Weighted Average Grant Date Fair Value
Outstanding beginning balance (in dollars per share)	$ 16.58
Granted (in dollars per share)	13.22
Vested (in dollars per share)	17.57
Forfeited (in dollars per share)	15.31
Outstanding ending balance (in dollars per share)	$ 14.54	$ 16.58
Unrecognized compensation costs	$ 1,762	$ 2,036
Fair value of restricted stock awards that vested	1,559	$ 1,083	$ 602
LMI Aerospace, Inc. 2015 Long-term Incentive Plan [Member]
Weighted Average Grant Date Fair Value
Compensation expense	$ 303
LMI Aerospace, Inc. 2015 Long-term Incentive Plan [Member] | Restricted Stock Awards [Member]
Shares
Outstanding beginning balance (in shares)	0
Granted (in shares)	61,801
Vested (in shares)	0
Forfeited (in shares)	0
Outstanding ending balance (in shares)	61,801	0
Weighted Average Grant Date Fair Value
Outstanding beginning balance (in dollars per share)	$ 0
Granted (in dollars per share)	9.79
Vested (in dollars per share)	0
Forfeited (in dollars per share)	0
Outstanding ending balance (in dollars per share)	$ 9.79	$ 0
Unrecognized compensation costs	$ 303
Costs are expected to be recognized over a weighted average period	6 months 4 days

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
		Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Deferred Tax Assets, Gross		$ 31,580	$ 35,730	$ 31,580
Deferred Tax Liabilities, Gross		(19,198)	(21,625)	(19,198)
Deferred Tax Assets, Valuation Allowance		(12,676)	(14,641)	(12,676)
Deferred Tax Liabilities, Net	[1]	(294)	(536)	(294)
Components of Deferred Tax Assets and Liabilities [Abstract]
Goodwill and intangible assets		16,375	13,267	16,375
Inventories		3,483	2,569	3,483
NOL carry forwards		2,345	10,529	2,345
Tax credit carry forwards		1,180	2,354	1,180
Stock award		1,049	827	1,049
Gain on sale of real estate		868	783	868
Obligation under operating leases		800	835	800
Accrued vacation		773	504	773
Accrued bonus		722	649	722
Other		547	426	547
Long-term contract costs		(7,652)	(11,781)	(7,652)
Depreciation		(8,108)	(6,857)	(8,108)
Valuation allowance		(12,676)	(14,641)	(12,676)
Income Tax Expense (Benefit), Continuing Operations, by Jurisdiction [Abstract]
Increase (Decrease) in Income Taxes Receivable			(6,527)
Deferred Tax Assets, Operating Loss Carryforwards, Domestic			10,001
Deferred Tax Assets, Operating Loss Carryforwards, State and Local			2,881
Federal [Abstract]
Current			304	(9,173)	$ (676)
Deferred			(14)	155	(6,066)
Provision for federal income taxes			290	(9,018)	(6,742)
State [Abstract]
Current			55	21	120
Deferred			7	44	(357)
Provision for state income taxes			62	65	(237)
Income Tax Reconciliation [Abstract]
Federal taxes			(661)	(13,270)	(22,912)
State and local taxes, net of federal benefit			(114)	358	(1,119)
Nondeductible goodwill impairment			0	9,254	0
Valuation allowance			1,809	(5,294)	17,718
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Amount			306	0	0
Research and experimental and other tax credits			(1,174)	(503)	(634)
Other			186	502	(32)
Provision (benefit) for income taxes		$ (6,396)	$ 352	$ (8,953)	$ (6,979)
[1]	During 2015 the Company adopted FASB Accounting Standards Update No. 2015-17, which requires that the Consolidated Balance Sheets reflect all deferred income tax assets and liabilities as non-current. Prior year balances have been reclassified to reflect the current year presentation.

RESTRUCTURING (Details)

RESTRUCTURING (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Accelerated Depreciation									$ 1,265	$ 1,361	$ 598
Restructuring expense									2,322	2,585	3,073
Restructuring and Related Cost, Incurred Cost	$ (46)	$ 1,575	$ 518	$ 275		$ 765	$ 1,095	$ 428
Unfavorable impact to operating cash flow									2,806	2,268
Restructuring Reserve	255				$ 739				255	739	422
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense									2,194	2,461
Unfavorable impact to operating cash flow									2,771	2,144
Restructuring Reserve	162				739				162	739	422
Employee Severance [Member] | Precise Machine [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense									0	287	452
Employee Severance [Member] | Key Valent Employees [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense									0	0	2,621
Employee Severance [Member] | Greenville, South Carolina [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense									449	0	0
Employee Severance [Member] | Engineering Services Melbourne, Australia Closure [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense									47	0	0
Employee Severance [Member] | Relocation of Machining Operations from Savannah Facility [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense									0	47	0
Employee Severance [Member] | Relocation of Machining Parts Operations from St. Charles Facility [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense									150	228	0
Employee Severance [Member] | Coweta, Oklahoma Closure [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense									94	0	0
Employee Severance [Member] | Other Expense [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense									1,582	2,023	0
Other [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense									128	124
Unfavorable impact to operating cash flow									35	124
Restructuring Reserve	$ 93				0				93	0	0
Selling, General and Administrative Expenses [Member] | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost					$ 297
Aerostructures [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense									1,108	2,074	3,073
Engineering Services [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense									$ 1,214	$ 511	$ 0

RESTRUCTURING, ROLLFORWARD (Det

RESTRUCTURING, ROLLFORWARD (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Restructuring Reserve [Roll Forward]
Accrued restructuring balance, beginning	$ 739	$ 422
Accrual additions	2,322	2,585	$ 3,073
Cash payments	(2,806)	(2,268)
Accrued restructuring balance, ending	255	739	422
Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Accrued restructuring balance, beginning	739	422
Accrual additions	2,194	2,461
Cash payments	(2,771)	(2,144)
Accrued restructuring balance, ending	162	739	422
Other [Member]
Restructuring Reserve [Roll Forward]
Accrued restructuring balance, beginning	0	0
Accrual additions	128	124
Cash payments	(35)	(124)
Accrued restructuring balance, ending	$ 93	$ 0	$ 0

CUSTOMER AND SUPPLIER CONCENT69

CUSTOMER AND SUPPLIER CONCENTRATION (Details)	12 Months Ended
	Dec. 31, 2015suppliercustomer	Dec. 31, 2014	Dec. 31, 2013customer
Revenue and Accounts Receivable, Major Customer [Line Items]
Number of top customers	3	3	3
Supplier Concentration Risk [Member]
Revenue and Accounts Receivable, Major Customer [Line Items]
Number of suppliers	5
Percentage of materials attributable to supplier (in hundredths)	43.60%	47.30%	44.30%
Spirit [Member] | Sales Revenue, Goods, Net [Member]
Revenue and Accounts Receivable, Major Customer [Line Items]
Percentage attributable to customer (in hundredths)	34.70%	34.30%	28.50%
Spirit [Member] | Accounts Receivable [Member]
Revenue and Accounts Receivable, Major Customer [Line Items]
Percentage attributable to customer (in hundredths)	28.60%	33.30%	27.80%
Gulfstream [Member] | Sales Revenue, Goods, Net [Member]
Revenue and Accounts Receivable, Major Customer [Line Items]
Percentage attributable to customer (in hundredths)	14.20%	15.00%	14.60%
Gulfstream [Member] | Accounts Receivable [Member]
Revenue and Accounts Receivable, Major Customer [Line Items]
Percentage attributable to customer (in hundredths)	15.50%	13.10%	8.50%
Boeing [Member] | Sales Revenue, Goods, Net [Member]
Revenue and Accounts Receivable, Major Customer [Line Items]
Percentage attributable to customer (in hundredths)	11.60%	10.60%	14.40%
Boeing [Member] | Accounts Receivable [Member]
Revenue and Accounts Receivable, Major Customer [Line Items]
Percentage attributable to customer (in hundredths)	10.20%	7.40%	5.70%

BUSINESS SEGMENT INFORMATION (D

BUSINESS SEGMENT INFORMATION (Details) $ in Thousands	3 Months Ended											12 Months Ended
	Dec. 31, 2015USD ($)		Sep. 30, 2015USD ($)		Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 30, 2014USD ($)		Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Dec. 31, 2015USD ($)segment		Dec. 31, 2014USD ($)		Dec. 31, 2013USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment												2
Information about reported segments on the basis used internally to evaluate segment performance [Abstract]
Net sales	$ 89,438		$ 95,633		$ 97,550	$ 92,475	$ 88,794	$ 97,335		$ 105,937	$ 95,751	$ 375,096		$ 387,817		$ 412,557
Gross profit	16,193	[1]	$ 16,626	[2]	$ 18,770	$ 17,197	16,732	$ 22,043	[3]	19,134	$ 17,461	68,786		75,370		79,862
(Loss) income from operations												20,786		(8,858)	[4]	(49,120)	[5],[6],[7]
Other Depreciation and Amortization												20,404		48,898	[4]	90,360	[5],[6],[7]
Interest expense												22,439		29,280		16,962
Capital expenditures												16,599		16,690		24,149
Total assets	415,980						432,614					415,980		432,614
Impairment loss on goodwill							26,439					0	[8]	26,439	[9]	73,528	[9]
Impairment loss on intangible assets												0	[10]	0	[11]
Debt issuance cost write-off										$ 8,340		0		8,466		0
Equipment acquired under capital lease												0		0		411
Aerostructures [Member]
Information about reported segments on the basis used internally to evaluate segment performance [Abstract]
Net sales												327,230		326,025		331,654
Gross profit												63,584		67,042		68,088
(Loss) income from operations												23,993		18,977		(46,050)	[5],[7]
Other Depreciation and Amortization												18,551		20,223		91,556	[7]
Interest expense												957		1,041		1,054
Capital expenditures												16,348		16,504		23,600	[12]
Total assets	379,873						389,867					379,873		389,867
Engineering Services [Member]
Information about reported segments on the basis used internally to evaluate segment performance [Abstract]
Net sales												49,096		63,404		83,717
Gross profit												5,286		8,428		12,145
(Loss) income from operations												(3,123)		(27,731)	[4]	(2,699)	[6]
Other Depreciation and Amortization												1,853		28,675	[4]	6,754	[6]
Interest expense												43		41		53
Capital expenditures												251		186		549
Total assets	$ 36,107						42,747					36,107		42,747
Impairment loss on intangible assets																4,222
Eliminations [Member]
Information about reported segments on the basis used internally to evaluate segment performance [Abstract]
Net sales												(1,230)		(1,612)		(2,814)
Gross profit												(84)		(100)		(371)
(Loss) income from operations												(84)		(104)		(371)	[5]
Corporate [Member]
Information about reported segments on the basis used internally to evaluate segment performance [Abstract]
Other Depreciation and Amortization												0				(7,950)	[5]
Interest expense												$ 21,439	[13]	28,198	[13]	15,855
Other Nonrecurring Income														0		7,950
Engineering Services [Member]
Information about reported segments on the basis used internally to evaluate segment performance [Abstract]
Impairment loss on goodwill							$ 26,439							$ 26,439
Valent Aerostructures, LLC [Member]
Information about reported segments on the basis used internally to evaluate segment performance [Abstract]
Impairment loss on goodwill																$ 73,528
[1]	Gross profit in the fourth quarter of 2015 includes an unfavorable forward loss reserve adjustment of $1,010 related to a long-term contract. Net loss for the fourth quarter of 2015 includes a restructuring benefit of $46.
[2]	Gross profit in the third quarter of 2015 includes an unfavorable adjustment of $1,738 related to a long-term contract for which a forward loss reserve was established. Net income for the the third quarter of 2015 included a net gain of $3,325 related to a legal settlement and $1,575 of restructuring expenses.
[3]	Gross profit in the third quarter of 2014 includes a $5,286 favorable cumulative catch-up adjustment related to the settlement of an unpriced change order and the Company's ability to secure more favorable future material pricing on a long-term production contract. In addition, net income in the third quarter of 2014 includes $765 of restructuring expenses.
[4]	Includes a charge of $26,439 for goodwill impairment in 2014.
[5]	Includes a benefit of $7,950 related to the write-off of contingent consideration in 2013.
[6]	Includes a charge of $4,222 for impairment of intangible assets in 2013.
[7]	Includes a charge of $73,528 for goodwill impairment in 2013.
[8]	The Company performed its annual impairment analysis of goodwill during the fourth quarter of 2015 and determined no adjustments to the carrying value were necessary.
[9]	During the fourth quarter of 2014, the Company performed its annual impairment analysis of goodwill. As a result of the analysis, the goodwill related to the Engineering Services reporting unit was deemed impaired, and a $26,439 impairment charge was recorded in the Consolidated Statements of Comprehensive Income (Loss) for the year ended December 31, 2014.
[10]	The fair values of intangibles relating to the 2012 acquisitions of TASS and Valent were determined by third parties in connection with the purchase and recorded at those values.
[11]	The fair values of intangibles relating to the 2012 acquisitions of TASS and Valent were determined by third parties in connection with the purchase and recorded at those values.
[12]	Includes $411 associated with capital leases in 2013.
[13]	Includes $8,466 related to the write-off of deferred financing costs in 2014 and $793 related to the settlement of debt derivatives associated with the Company's refinancing of its debt in 2014.

QUARTERLY FINANCIAL DATA (UNA71

QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended																12 Months Ended
	Dec. 31, 2015		Sep. 30, 2015		Jun. 30, 2015		Mar. 31, 2015		Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Restructuring and Related Cost, Incurred Cost	$ 46		$ (1,575)		$ (518)		$ (275)				$ (765)		$ (1,095)		$ (428)
Loss on Contracts	1,010		1,738
Gain (Loss) Related to Litigation Settlement			3,325
Change in Accounting Estimate, Amount, Favorable Financial Effect on Operating Income											5,286
Impairment loss on goodwill									$ 26,439								$ 0	[1]	$ 26,439	[2]	$ 73,528	[2]
Derivative, Loss on Derivative													793						793
Debt issuance cost write-off													8,340				0		8,466		0
Income Tax Expense (Benefit)									6,396								(352)		8,953		6,979
Selected Quarterly Financial Information [Abstract]
Net sales	89,438		95,633		97,550		92,475		88,794		97,335		105,937		95,751		375,096		387,817		412,557
Gross profit	16,193	[3]	16,626	[4]	18,770		17,197		16,732		22,043	[5]	19,134		17,461		68,786		75,370		79,862
Net income (loss)	$ (1,188)	[3]	$ 34	[4]	$ 378	[6]	$ (1,465)	[7]	$ (22,505)	[8]	$ 1,396	[5]	$ (7,411)	[9]	$ (442)	[10]	$ (2,241)		$ (28,962)		$ (58,485)
Amounts per common share:
Net income (loss) (in dollars per share)	$ (0.09)	[3]	$ 0	[4]	$ 0.03	[6]	$ (0.11)	[7]	$ (1.76)	[8]	$ 0.11	[5]	$ (0.58)	[9]	$ (0.03)	[10]	$ (0.17)		$ (2.28)		$ (4.64)
Net income (loss) - assuming dilution (in dollars per share)	$ (0.09)	[3]	$ 0	[4]	$ 0.03	[6]	$ (0.11)	[7]	$ (1.76)	[8]	$ 0.11	[5]	$ (0.58)	[9]	$ (0.03)	[10]	$ (0.17)		$ (2.28)		$ (4.64)
Selling, General and Administrative Expenses [Member] | Employee Severance [Member]
Restructuring and Related Cost, Incurred Cost									$ (297)
[1]	The Company performed its annual impairment analysis of goodwill during the fourth quarter of 2015 and determined no adjustments to the carrying value were necessary.
[2]	During the fourth quarter of 2014, the Company performed its annual impairment analysis of goodwill. As a result of the analysis, the goodwill related to the Engineering Services reporting unit was deemed impaired, and a $26,439 impairment charge was recorded in the Consolidated Statements of Comprehensive Income (Loss) for the year ended December 31, 2014.
[3]	Gross profit in the fourth quarter of 2015 includes an unfavorable forward loss reserve adjustment of $1,010 related to a long-term contract. Net loss for the fourth quarter of 2015 includes a restructuring benefit of $46.
[4]	Gross profit in the third quarter of 2015 includes an unfavorable adjustment of $1,738 related to a long-term contract for which a forward loss reserve was established. Net income for the the third quarter of 2015 included a net gain of $3,325 related to a legal settlement and $1,575 of restructuring expenses.
[5]	Gross profit in the third quarter of 2014 includes a $5,286 favorable cumulative catch-up adjustment related to the settlement of an unpriced change order and the Company's ability to secure more favorable future material pricing on a long-term production contract. In addition, net income in the third quarter of 2014 includes $765 of restructuring expenses.
[6]	Included in the net loss for the the second quarter of 2015 were $518 of restructuring expenses.
[7]	Included in the net loss for the the first quarter of 2015 were $275 of restructuring expenses.
[8]	Net loss in the fourth quarter of 2014 includes a $26,439 goodwill impairment charge related to the Engineering Services reporting unit, $297 of restructuring expenses and a $6,396 income tax benefit resulting from the decision to carry the 2014 tax loss back to previous years.
[9]	Net loss in the second quarter of 2014 includes $793 of interest expense related to the termination of interest rate derivatives and $8,340 related to the write-off of debt issuance costs associated with the modification of the Company's revolving credit facility and the termination of its long-term credit agreement. Net loss in the second quarter of 2014 also includes $1,095 of restructuring expenses.
[10]	Included in the net loss for the the first quarter of 2014 were $428 of restructuring expenses.

CONDENSED CONSOLIDATING BALANCE

CONDENSED CONSOLIDATING BALANCE SHEET (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	$ 10,504	$ 7,927	$ 1,572	$ 4,347
Trade accounts receivable, net	48,491	58,234
Intercompany receivables	0	0
Inventories	114,775	114,279
Prepaid expenses and other current assets	4,147	10,255
Total current assets	177,917	190,695
Property, plant and equipment, net	100,969	99,482
Investments in subsidiaries	0	0
Goodwill	86,784	86,784
Intangible assets, net	46,582	50,940
Other assets	3,728	4,713
Total assets	415,980	432,614
Accounts payable	13,156	21,755
Accrued expenses	30,015	26,072
Intercompany payables	0	0
Current installments of long-term debt and capital lease obligations	2,362	3,424
Total current liabilities	45,533	51,251
Long-term debt and capital lease obligations, less current installments	247,633	259,645
Other long-term liabilities	4,322	3,289
Deferred income taxes	536	294
Total long-term liabilities	252,491	263,228
Total shareholders’ equity	117,956	118,135	144,144	200,954
Total liabilities and shareholders’ equity	415,980	432,614
LMIA(Guarantor Parent)
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	10,251	7,058	405	3,770
Trade accounts receivable, net	1,220	1,310
Intercompany receivables	196,496	145,980
Inventories	0	0
Prepaid expenses and other current assets	2,224	8,325
Total current assets	210,191	162,673
Property, plant and equipment, net	5,430	3,148
Investments in subsidiaries	387,868	368,587
Goodwill	0	0
Intangible assets, net	0	0
Other assets	2,135	2,876
Total assets	605,624	537,284
Accounts payable	1,393	1,339
Accrued expenses	17,009	13,679
Intercompany payables	237,548	164,158
Current installments of long-term debt and capital lease obligations	85	335
Total current liabilities	256,035	179,511
Long-term debt and capital lease obligations, less current installments	229,752	239,307
Other long-term liabilities	$ 1,881	331
Deferred income taxes		0
Total long-term liabilities	$ 231,633	239,638
Total shareholders’ equity	117,956	118,135
Total liabilities and shareholders’ equity	605,624	537,284
Guarantor Subsidiaries
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	253	869	1,167	577
Trade accounts receivable, net	47,271	56,924
Intercompany receivables	203,128	145,223
Inventories	114,775	114,279
Prepaid expenses and other current assets	1,923	1,930
Total current assets	367,350	319,225
Property, plant and equipment, net	95,539	$ 96,334
Investments in subsidiaries	0
Goodwill	86,784	$ 86,784
Intangible assets, net	46,582	50,940
Other assets	1,593	1,837
Total assets	597,848	555,120
Accounts payable	11,763	20,416
Accrued expenses	13,006	12,393
Intercompany payables	162,076	127,045
Current installments of long-term debt and capital lease obligations	2,277	3,089
Total current liabilities	189,122	162,943
Long-term debt and capital lease obligations, less current installments	17,881	20,338
Other long-term liabilities	2,441	2,958
Deferred income taxes	536	294
Total long-term liabilities	20,858	23,590
Total shareholders’ equity	387,868	368,587
Total liabilities and shareholders’ equity	597,848	555,120
Consolidating/Eliminating Entries
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	0	0	$ 0	$ 0
Trade accounts receivable, net	0	0
Intercompany receivables	(399,624)	(291,203)
Inventories	0	0
Prepaid expenses and other current assets	0	0
Total current assets	(399,624)	(291,203)
Property, plant and equipment, net	0	0
Investments in subsidiaries	(387,868)	(368,587)
Goodwill	0	0
Intangible assets, net	0	0
Other assets	0	0
Total assets	(787,492)	(659,790)
Accounts payable	0	0
Accrued expenses	0	0
Intercompany payables	(399,624)	(291,203)
Current installments of long-term debt and capital lease obligations	0	0
Total current liabilities	(399,624)	(291,203)
Long-term debt and capital lease obligations, less current installments	0	0
Other long-term liabilities	0	0
Deferred income taxes	0	0
Total long-term liabilities	0	0
Total shareholders’ equity	(387,868)	(368,587)
Total liabilities and shareholders’ equity	$ (787,492)	$ (659,790)

CONDENSED CONSOLIDATING STATEME

CONDENSED CONSOLIDATING STATEMENTS OF COMREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Thousands	3 Months Ended																12 Months Ended
	Dec. 31, 2015		Sep. 30, 2015		Jun. 30, 2015		Mar. 31, 2015		Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Dec. 31, 2015	Dec. 31, 2014		Dec. 31, 2013
Condensed Income Statements, Captions [Line Items]
Product sales																	$ 323,611	$ 321,284		$ 324,133
Service revenues																	51,485	66,533		88,424
Net sales	$ 89,438		$ 95,633		$ 97,550		$ 92,475		$ 88,794		$ 97,335		$ 105,937		$ 95,751		375,096	387,817		412,557
Cost of product sales																	259,610	254,775		255,261
Cost of service revenues																	46,700	57,672		77,434
Cost of sales																	306,310	312,447		332,695
Gross profit	16,193	[1]	16,626	[2]	18,770		17,197		16,732		22,043	[3]	19,134		17,461		68,786	75,370		79,862
Selling, general and administrative expenses																	45,678	55,204		55,862
Goodwill and intangible asset impairment																	0	26,439		77,750
Contingent consideration write-off																	0	0		(7,950)
Restructuring expense																	2,322	2,585		3,073
Acquisitions expense																	0	0		247
Income (loss) from operations																	20,786	(8,858)	[4]	(49,120)	[5],[6],[7]
Interest expense																	(22,439)	(29,280)		(16,962)
Other, net																	(236)	223		618
(Loss) Income from equity investments in subsidiaries																	0	0		0
Total other expense																	(22,675)	(29,057)		(16,344)
Loss before income taxes																	(1,889)	(37,915)		(65,464)
Provision (benefit) for income taxes									(6,396)								352	(8,953)		(6,979)
Net loss	$ (1,188)	[1]	$ 34	[2]	$ 378	[8]	$ (1,465)	[9]	$ (22,505)	[10]	$ 1,396	[3]	$ (7,411)	[11]	$ (442)	[12]	(2,241)	(28,962)		(58,485)
Change in foreign currency translation adjustment																	(41)	(98)		(23)
Reclassification adjustment for losses on interest rate hedges included in net earnings																	0	278		0
Unrealized gain/(loss) arising during period from interest rate hedges, net of tax of $0, $0 and $(157)																	0	0		(278)
Total comprehensive loss																	(2,282)	(28,782)		(58,786)
LMIA(Guarantor Parent)
Condensed Income Statements, Captions [Line Items]
Product sales																	239	466		4,388
Service revenues																	36,184	36,181		41,578
Net sales																	36,423	36,647		45,966
Cost of product sales																	248	699		4,290
Cost of service revenues																	35,952	35,998		41,533
Cost of sales																	36,200	36,697		45,823
Gross profit																	223	(50)		143
Selling, general and administrative expenses																	0	792		0
Goodwill and intangible asset impairment																		0		0
Contingent consideration write-off																				(7,950)
Restructuring expense																	340	1,012		4
Acquisitions expense																				229
Income (loss) from operations																	(117)	(1,854)		7,860
Interest expense																	(21,449)	(28,224)		(15,887)
Other, net																	0	11		95
(Loss) Income from equity investments in subsidiaries																	19,284	(8,860)		(52,278)
Total other expense																	(2,165)	(37,073)		(68,070)
Loss before income taxes																	(2,282)	(38,927)		(60,210)
Provision (benefit) for income taxes																	0	(9,867)		(1,702)
Net loss																	(2,282)	(29,060)		(58,508)
Change in foreign currency translation adjustment																	0	0		0
Reclassification adjustment for losses on interest rate hedges included in net earnings																		278
Unrealized gain/(loss) arising during period from interest rate hedges, net of tax of $0, $0 and $(157)																				(278)
Total comprehensive loss																	(2,282)	(28,782)		(58,786)
Guarantor Subsidiaries
Condensed Income Statements, Captions [Line Items]
Product sales																	323,337	321,286		324,455
Service revenues																	51,720	66,543		88,141
Net sales																	375,057	387,829		412,596
Cost of product sales																	259,327	254,544		255,681
Cost of service revenues																	47,166	57,864		77,124
Cost of sales																	306,493	312,408		332,805
Gross profit																	68,564	75,421		79,791
Selling, general and administrative expenses																	45,678	54,412		55,934
Goodwill and intangible asset impairment																		26,439		77,750
Contingent consideration write-off																				0
Restructuring expense																	1,982	1,573		3,069
Acquisitions expense																				18
Income (loss) from operations																	20,904	(7,003)		(56,980)
Interest expense																	(990)	(1,056)		(1,075)
Other, net																	(236)	212		523
(Loss) Income from equity investments in subsidiaries																	0	0		0
Total other expense																	(1,226)	(844)		(552)
Loss before income taxes																	19,678	(7,847)		(57,532)
Provision (benefit) for income taxes																	352	914		(5,277)
Net loss																	19,326	(8,761)		(52,255)
Change in foreign currency translation adjustment																	(41)	(98)		(23)
Reclassification adjustment for losses on interest rate hedges included in net earnings																		0
Unrealized gain/(loss) arising during period from interest rate hedges, net of tax of $0, $0 and $(157)																				0
Total comprehensive loss																	19,285	(8,859)		(52,278)
Consolidating/Eliminating Entries
Condensed Income Statements, Captions [Line Items]
Product sales																	35	(468)		(4,710)
Service revenues																	(36,419)	(36,191)		(41,295)
Net sales																	(36,384)	(36,659)		(46,005)
Cost of product sales																	35	(468)		(4,710)
Cost of service revenues																	(36,418)	(36,190)		(41,223)
Cost of sales																	(36,383)	(36,658)		(45,933)
Gross profit																	(1)	(1)		(72)
Selling, general and administrative expenses																	0	0		(72)
Goodwill and intangible asset impairment																		0		0
Contingent consideration write-off																				0
Restructuring expense																	0	0		0
Acquisitions expense																				0
Income (loss) from operations																	(1)	(1)		0
Interest expense																	0	0		0
Other, net																	0	0		0
(Loss) Income from equity investments in subsidiaries																	(19,284)	8,860		52,278
Total other expense																	(19,284)	8,860		52,278
Loss before income taxes																	(19,285)	8,859		52,278
Provision (benefit) for income taxes																	0	0		0
Net loss																	(19,285)	8,859		52,278
Change in foreign currency translation adjustment																	0	0		0
Reclassification adjustment for losses on interest rate hedges included in net earnings																		0
Unrealized gain/(loss) arising during period from interest rate hedges, net of tax of $0, $0 and $(157)																				0
Total comprehensive loss																	$ (19,285)	$ 8,859		$ 52,278
[1]	Gross profit in the fourth quarter of 2015 includes an unfavorable forward loss reserve adjustment of $1,010 related to a long-term contract. Net loss for the fourth quarter of 2015 includes a restructuring benefit of $46.
[2]	Gross profit in the third quarter of 2015 includes an unfavorable adjustment of $1,738 related to a long-term contract for which a forward loss reserve was established. Net income for the the third quarter of 2015 included a net gain of $3,325 related to a legal settlement and $1,575 of restructuring expenses.
[3]	Gross profit in the third quarter of 2014 includes a $5,286 favorable cumulative catch-up adjustment related to the settlement of an unpriced change order and the Company's ability to secure more favorable future material pricing on a long-term production contract. In addition, net income in the third quarter of 2014 includes $765 of restructuring expenses.
[4]	Includes a charge of $26,439 for goodwill impairment in 2014.
[5]	Includes a benefit of $7,950 related to the write-off of contingent consideration in 2013.
[6]	Includes a charge of $4,222 for impairment of intangible assets in 2013.
[7]	Includes a charge of $73,528 for goodwill impairment in 2013.
[8]	Included in the net loss for the the second quarter of 2015 were $518 of restructuring expenses.
[9]	Included in the net loss for the the first quarter of 2015 were $275 of restructuring expenses.
[10]	Net loss in the fourth quarter of 2014 includes a $26,439 goodwill impairment charge related to the Engineering Services reporting unit, $297 of restructuring expenses and a $6,396 income tax benefit resulting from the decision to carry the 2014 tax loss back to previous years.
[11]	Net loss in the second quarter of 2014 includes $793 of interest expense related to the termination of interest rate derivatives and $8,340 related to the write-off of debt issuance costs associated with the modification of the Company's revolving credit facility and the termination of its long-term credit agreement. Net loss in the second quarter of 2014 also includes $1,095 of restructuring expenses.
[12]	Included in the net loss for the the first quarter of 2014 were $428 of restructuring expenses.

CONDENSED CONSOLIDATING STATE74

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (Details) - USD ($) $ in Thousands	3 Months Ended																12 Months Ended
	Dec. 31, 2015		Sep. 30, 2015	[2]	Jun. 30, 2015	[3]	Mar. 31, 2015		Dec. 31, 2014		Sep. 30, 2014	[6]	Jun. 30, 2014	[7]	Mar. 31, 2014		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Condensed Cash Flow Statements, Captions [Line Items]
Net loss	$ (1,188)	[1]	$ 34		$ 378		$ (1,465)	[4]	$ (22,505)	[5]	$ 1,396		$ (7,411)		$ (442)	[8]	$ (2,241)	$ (28,962)	$ (58,485)
Adjustments for non-cash items																	23,155	59,351	85,495
Net changes in operating assets and liabilities, net of acquired businesses																	11,448	18,728	(35,359)
Intercompany activity																	0	0	0
Net cash provided/(used) by operating activities																	32,362	49,117	(8,349)
Additions to property, plant and equipment																	(16,599)	(16,690)	(23,738)
Acquisitions, net of cash acquired																	0	0	(504)
Proceeds from sale of equipment																	285	3,579	1,989
Net cash used by investing activities																	(16,314)	(13,111)	(22,253)
Proceeds from issuance of debt																	0	250,000	5,751
Principal payments on long-term debt and notes payable																	(13,276)	(235,633)	(5,863)
Advances on revolving line of credit																	99,000	66,000	107,000
Payments on revolving line of credit																	(99,000)	(102,000)	(77,236)
Payments for debt issuance cost																	(195)	(8,018)	(1,817)
Other, net																	0	0	(8)
Net cash (used)/provided by financing activities																	(13,471)	(29,651)	27,827
Net increase/(decrease) in cash and cash equivalents																	2,577	6,355	(2,775)
Cash and cash equivalents, beginning of year							7,927								1,572		7,927	1,572	4,347
Cash and cash equivalents, end of year	10,504								7,927								10,504	7,927	1,572
LMIA(Guarantor Parent)
Condensed Cash Flow Statements, Captions [Line Items]
Net loss																	(2,282)	(29,060)	(58,508)
Adjustments for non-cash items																	(14,546)	21,714	46,788
Net changes in operating assets and liabilities, net of acquired businesses																	10,420	19,977	696
Intercompany activity																	22,874	17,663	(12,974)
Net cash provided/(used) by operating activities																	16,466	30,294	(23,998)
Additions to property, plant and equipment																	(1,903)	(715)	(4,623)
Acquisitions, net of cash acquired																			(504)
Proceeds from sale of equipment																	0	2,558	0
Net cash used by investing activities																	(1,903)	1,843	(5,127)
Proceeds from issuance of debt																		250,000	3,551
Principal payments on long-term debt and notes payable																	(11,160)	(231,466)	(5,767)
Advances on revolving line of credit																	99,000	66,000	107,000
Payments on revolving line of credit																	(99,000)	(102,000)	(77,236)
Payments for debt issuance cost																	(210)	(8,018)	(1,780)
Other, net																		0	(8)
Net cash (used)/provided by financing activities																	(11,370)	(25,484)	25,760
Net increase/(decrease) in cash and cash equivalents																	3,193	6,653	(3,365)
Cash and cash equivalents, beginning of year							7,058								405		7,058	405	3,770
Cash and cash equivalents, end of year	10,251								7,058								10,251	7,058	405
Guarantor Subsidiaries
Condensed Cash Flow Statements, Captions [Line Items]
Net loss																	19,326	(8,761)	(52,255)
Adjustments for non-cash items																	18,416	46,496	90,985
Net changes in operating assets and liabilities, net of acquired businesses																	1,028	(1,249)	(36,055)
Intercompany activity																	(22,874)	(17,663)	12,974
Net cash provided/(used) by operating activities																	15,896	18,823	15,649
Additions to property, plant and equipment																	(14,696)	(15,975)	(19,115)
Acquisitions, net of cash acquired																			0
Proceeds from sale of equipment																	285	1,021	1,989
Net cash used by investing activities																	(14,411)	(14,954)	(17,126)
Proceeds from issuance of debt																		0	2,200
Principal payments on long-term debt and notes payable																	(2,116)	(4,167)	(96)
Advances on revolving line of credit																	0	0	0
Payments on revolving line of credit																	0	0	0
Payments for debt issuance cost																	15	0	(37)
Other, net																		0	0
Net cash (used)/provided by financing activities																	(2,101)	(4,167)	2,067
Net increase/(decrease) in cash and cash equivalents																	(616)	(298)	590
Cash and cash equivalents, beginning of year							869								1,167		869	1,167	577
Cash and cash equivalents, end of year	253								869								253	869	1,167
Consolidating/Eliminating Entries
Condensed Cash Flow Statements, Captions [Line Items]
Net loss																	(19,285)	8,859	52,278
Adjustments for non-cash items																	19,285	(8,859)	(52,278)
Net changes in operating assets and liabilities, net of acquired businesses																	0	0	0
Intercompany activity																	0	0	0
Net cash provided/(used) by operating activities																	0	0	0
Additions to property, plant and equipment																	0	0	0
Acquisitions, net of cash acquired																			0
Proceeds from sale of equipment																	0	0	0
Net cash used by investing activities																	0	0	0
Proceeds from issuance of debt																		0	0
Principal payments on long-term debt and notes payable																	0	0	0
Advances on revolving line of credit																	0	0	0
Payments on revolving line of credit																	0	0	0
Payments for debt issuance cost																	0	0	0
Other, net																		0	0
Net cash (used)/provided by financing activities																	0	0	0
Net increase/(decrease) in cash and cash equivalents																	0	0	0
Cash and cash equivalents, beginning of year							$ 0								$ 0		0	0	0
Cash and cash equivalents, end of year	$ 0								$ 0								$ 0	$ 0	$ 0
[1]	Gross profit in the fourth quarter of 2015 includes an unfavorable forward loss reserve adjustment of $1,010 related to a long-term contract. Net loss for the fourth quarter of 2015 includes a restructuring benefit of $46.
[2]	Gross profit in the third quarter of 2015 includes an unfavorable adjustment of $1,738 related to a long-term contract for which a forward loss reserve was established. Net income for the the third quarter of 2015 included a net gain of $3,325 related to a legal settlement and $1,575 of restructuring expenses.
[3]	Included in the net loss for the the second quarter of 2015 were $518 of restructuring expenses.
[4]	Included in the net loss for the the first quarter of 2015 were $275 of restructuring expenses.
[5]	Net loss in the fourth quarter of 2014 includes a $26,439 goodwill impairment charge related to the Engineering Services reporting unit, $297 of restructuring expenses and a $6,396 income tax benefit resulting from the decision to carry the 2014 tax loss back to previous years.
[6]	Gross profit in the third quarter of 2014 includes a $5,286 favorable cumulative catch-up adjustment related to the settlement of an unpriced change order and the Company's ability to secure more favorable future material pricing on a long-term production contract. In addition, net income in the third quarter of 2014 includes $765 of restructuring expenses.
[7]	Net loss in the second quarter of 2014 includes $793 of interest expense related to the termination of interest rate derivatives and $8,340 related to the write-off of debt issuance costs associated with the modification of the Company's revolving credit facility and the termination of its long-term credit agreement. Net loss in the second quarter of 2014 also includes $1,095 of restructuring expenses.
[8]	Included in the net loss for the the first quarter of 2014 were $428 of restructuring expenses.

SCHEDULE II VALUATION AND QUA75

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014		Dec. 31, 2013
Reserve for Accounts Receivable [Member]
Movement in Valuation Allowances and Reserves [Roll Forward]
Beginning Balance	$ 464	$ 180		$ 287
Charge to Cost/Expense	53	309		(27)
Other Charge to Cost/Expense	0	0		0
Write-offs net of Recoveries	(271)	(25)		(80)
Ending Balance	246	464		180
Valuation Allowance of Deferred Tax Assets [Member]
Movement in Valuation Allowances and Reserves [Roll Forward]
Beginning Balance	12,676	18,137		261
Charge to Cost/Expense	1,965	0		17,876
Other Charge to Cost/Expense	0	(5,461)	[1]	0
Write-offs net of Recoveries	0	0		0
Ending Balance	$ 14,641	$ 12,676		$ 18,137
[1]	Favorable impact of $5,461 resulted from the Company's decision to carry back the 2013 net operating tax loss to prior years.