Broadwind (BWEN) 10-K 26 Feb 19 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2018	Feb. 22, 2019	Jun. 30, 2018
Document and Entity Information
Entity Registrant Name	BROADWIND ENERGY, INC.
Entity Central Index Key	1,120,370
Document Type	10-K
Document Period End Date	Dec. 31, 2018
Amendment Flag	false
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	Non-accelerated Filer
Entity Public Float			$ 28,651,000
Entity Common Stock, Shares Outstanding		15,708,685
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	FY

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
CURRENT ASSETS:
Cash and cash equivalents	$ 1,177	$ 78
Accounts receivable, net	17,455	13,644
Inventories, net	22,670	19,279
Prepaid expenses and other current assets	1,776	1,798
Current assets held for sale		580
Total current assets	43,078	35,379
LONG-TERM ASSETS:
Property and equipment, net	49,087	55,693
Goodwill	4,993	4,993
Other intangible assets, net	6,602	16,078
Other assets	398	207
TOTAL ASSETS	99,165	112,350
CURRENT LIABILITIES:
Line of credit, NMTC and other notes payable	11,930	14,138
Current maturities of long-term debt		114
Current portions of capital lease obligations	967	762
Accounts payable	11,618	11,756
Accrued liabilities	3,806	4,393
Customer deposits	23,507	9,791
Current liabilities held for sale	27	30
Total current liabilities	51,855	40,984
LONG-TERM LIABILITIES:
Long-term debt, net of current maturities	1,408	797
Long-term capital lease obligations, net of current portions	571	941
Other	1,969	3,557
Total long-term liabilities	3,948	5,295
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Preferred stock, $0.001 par value; 10,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.001 par value; 30,000,000 shares authorized; 15,982,622 and 15,480,299 shares issued as of December 31, 2018, and December 31, 2017, respectively	16	15
Treasury stock, at cost, 273,937 shares as of December 31, 2018 and December 31, 2017	(1,842)	(1,842)
Additional paid-in capital	381,441	380,005
Accumulated deficit	(336,253)	(312,107)
Total stockholders’ equity	43,362	66,071
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 99,165	$ 112,350

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2018	Dec. 31, 2017
CONDENSED CONSOLIDATED BALANCE SHEETS
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	30,000,000	30,000,000
Common stock, shares issued	15,982,622	15,480,299
Treasury stock, common shares	273,937	273,937

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Revenues	$ 125,380	$ 146,785
Cost of sales	121,684	138,626
Restructuring	631
Gross profit	3,065	8,159
OPERATING EXPENSES:
Selling, general and administrative	13,625	13,828
Impairment charges	12,585
Intangible amortization	1,884	1,764
Restructuring	37
Total operating expenses	28,131	15,592
Operating loss	(25,066)	(7,433)
OTHER (EXPENSE) INCOME, net:
Interest expense, net	(1,496)	(798)
Other, net	2,355	3
Total other income (expense), net	859	(795)
Net loss before benefit for income taxes	(24,207)	(8,228)
Benefit for income taxes	(205)	(5,045)
LOSS FROM CONTINUING OPERATIONS	(24,002)	(3,183)
LOSS FROM DISCONTINUED OPERATIONS	(144)	(458)
NET LOSS	$ (24,146)	$ (3,641)
NET LOSS PER COMMON SHARE—BASIC:
Loss from continuing operations (in dollars per share)	$ (1.55)	$ (0.21)
Loss from discontinued operations (in dollars per share)	(0.01)	(0.03)
Net loss (in dollars per share)	$ (1.56)	$ (0.24)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-BASIC (in shares)	15,468,975	15,053,049
NET LOSS PER COMMON SHARE—DILUTED:
Loss from continuing operations (in dollars per share)	$ (1.55)	$ (0.21)
Loss from discontinued operations (in dollars per share)	(0.01)	(0.03)
Net loss (in dollars per share)	$ (1.56)	$ (0.24)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-DILUTED (in shares)	15,468,975	15,053,049

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($) $ in Thousands	Common Stock	Treasury Stock	Additional Paid-in Capital	Accumulated Deficit	Total
Balance at Dec. 31, 2016	$ 15	$ (1,842)	$ 378,876	$ (308,466)	$ 68,583
Balance (in shares) at Dec. 31, 2016	15,175,767	(273,937)
Increase (Decrease) in Stockholders' Equity
Stock issued for restricted stock (in shares)	190,482
Stock issued under defined contribution 401(k) retirement savings plan			316		316
Stock issued under defined contribution 401(k) retirement savings plan (in shares)	114,050
Share-based compensation			813		813
Net loss				(3,641)	(3,641)
Balance at Dec. 31, 2017	$ 15	$ (1,842)	380,005	(312,107)	$ 66,071
Balance (in shares) at Dec. 31, 2017	15,480,299	(273,937)			15,480,299
Increase (Decrease) in Stockholders' Equity
Stock issued for restricted stock	$ 1				$ 1
Stock issued for restricted stock (in shares)	156,472
Stock issued under defined contribution 401(k) retirement savings plan			685		685
Stock issued under defined contribution 401(k) retirement savings plan (in shares)	330,739
Share-based compensation			803		803
Sale of common stock, net of expenses			(52)		$ (52)
Sale of common stock, net of expenses (shares)	15,112				15,112
Net loss				(24,146)	$ (24,146)
Balance at Dec. 31, 2018	$ 16	$ (1,842)	$ 381,441	$ (336,253)	$ 43,362
Balance (in shares) at Dec. 31, 2018	15,982,622	(273,937)			15,982,622

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (24,146)	$ (3,641)
Loss from discontinued operations	(144)	(458)
Loss from continuing operations	(24,002)	(3,183)
Adjustments to reconcile net cash provided by (used in) operating activities:
Depreciation and amortization expense	9,183	8,999
Deferred income taxes	(307)	(5,045)
Impairment charges	12,585	80
Remeasurement of contingent consideration	(1,140)	(1,394)
Stock-based compensation	803	813
Extinguishment of New Markets Tax Credits obligation	(2,249)
Allowance for doubtful accounts	(35)	37
Common stock issued under defined contribution 401(k) plan	685	316
Gain on disposal of assets	(116)	(12)
Changes in operating assets and liabilities, net of acquisition:
Accounts receivable	(3,776)	884
Inventories	(2,944)	7,057
Prepaid expenses and other current assets	22	651
Accounts payable	801	(5,287)
Accrued liabilities	553	(4,921)
Customer deposits	13,716	(8,219)
Other non-current assets and liabilities	(1,734)	(126)
Net cash provided by (used in) operating activities of continuing operations	2,045	(9,350)
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash paid in acquisition		(16,449)
Sales of available for sale securities		2,221
Maturities of available for sale securities		950
Purchases of property and equipment	(2,324)	(6,688)
Proceeds from disposals of property and equipment	676	72
Net cash used in investing activities of continuing operations	(1,648)	(19,894)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from line of credit	141,414	158,856
Payments on line of credit	(141,040)	(148,009)
Proceeds from long-term debt	2,060	457
Payments on long-term debt	(761)
Principal payments on capital leases	(814)	(644)
Proceeds from sale of common stock, net of expenses	(52)
Net cash provided by financing activities of continuing operations	807	10,660
DISCONTINUED OPERATIONS:
Operating cash flows	(105)	(78)
Net cash used in discontinued operations	(105)	(78)
Add: Cash balance of discontinued operations, beginning of period		2
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	1,099	(18,660)
CASH AND CASH EQUIVALENTS beginning of the period	78	18,738
CASH AND CASH EQUIVALENTS end of the period	1,177	78
Supplemental cash flow information:
Interest paid	1,168	585
Income taxes paid	116	44
Non-cash activities:
Issuance of restricted stock grants	803	813
Equipment additions via capital lease	650	844
Non-cash purchases of property and equipment	$ 64	1,003
Contingent consideration related to business acquisition		2,534
Red Wolf acquisition:
Assets acquired		26,602
Liabilities assumed		$ 7,619

DESCRIPTION OF BUSINESS AND SUM

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2018
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. DESCRIPTION OF BUSINESS Description of Business Broadwind Energy, Inc. (the “Company”) provides technologically advanced high‑value products to energy, mining and infrastructure sector customers, primarily in the United States of America (the “U.S.”). The Company’s most significant presence is within the U.S. wind energy industry, although the Company has increasingly diversified into other industrial markets. Within the U.S. wind energy industry, the Company provides products primarily to turbine manufacturers. The Company also provides precision gearing and heavy fabrications to a broad range of industrial customers for oil and gas (“O&G”), mining, steel and other industrial applications. With the acquisition of Red Wolf Company, LLC (“Red Wolf”), a Sanford, North Carolina-based, privately held fabricator, kitter and assembler of industrial systems primarily supporting the global natural gas turbine (“NGT”) market in February 2017, the Company further diversified into the business of supplying components for natural gas turbines. The Company has three reportable operating segments: Towers and Heavy Fabrications, Gearing, and Process Systems. Towers and Heavy Fabrications The Company manufactures towers for wind turbines, specifically the large and heavier wind towers that are designed for multiple megawatt (“MW”) wind turbines. Production facilities, located in Manitowoc, Wisconsin and Abilene, Texas, are situated in close proximity to the primary U.S. domestic wind energy and equipment manufacturing hubs. The two facilities have a combined annual tower production capacity of up to approximately 550 towers (1650 towers sections), sufficient to support turbines generating more than 1,100 MW of power. This product segment also encompasses the manufacture of other heavy fabrications for mining and other industrial customers. In the fourth quarter 2017, the segment changed its name from “Towers and Weldments” to “Towers and Heavy Fabrications” to more accurately reflect the nature of the segment’s activities. Gearing The Company engineers, builds and remanufactures precision gears and gearboxes for O&G, wind energy, mining, steel and other industrial applications. The Company uses an integrated manufacturing process, which includes machining and finishing processes in Cicero, Illinois, and heat treatment in Neville Island, Pennsylvania. Process Systems On February 1, 2017, the Company acquired Red Wolf and as a result, aggregated its Abilene TX based fabrication business with Red Wolf to form the Process Systems reportable segment. This segment provides contract manufacturing services that include build-to-spec, kitting, fabrication and inventory management for customers throughout the U.S. and in foreign countries, primarily supporting the natural gas turbine power generation market. Liquidity The Company meets its short term liquidity needs through cash generated from operations, through its available cash balances and through the Company’s Credit Facility (as defined below), first established in October 2016, additional equipment financing and access to the public and private debt equity markets, including the option to raise capital under the Company’s registration statement on Form S-3 (as discussed below). The Company uses the Credit Facility to fund working capital requirements. Under the terms of the Credit Facility, CIBC agreed to advance funds against a borrowing base consisting of up to 85% of the face value of the Company’s eligible accounts receivable (“A/R”), up to 50% of the book value of the Company’s eligible inventory and up to 50% of the appraised value of the Company’s eligible machinery, equipment and certain real property up to $10,000. Under the Credit Facility, borrowings are continuous and all cash receipts are usually applied to the outstanding borrowed balance. As of December 31, 2018, cash and cash equivalents and short-term investments totaled $1,177, an increase of $1,099 from December 31, 2017, and $11,000 was outstanding under the Credit Facility. The Company had the ability to borrow up to $10,319 under the Credit Facility as of December 31, 2018. The Credit Facility has been periodically amended since the original transaction closed in 2016 to address changes in business conditions. On January 29, 2018, the Company executed the Third Amendment to Loan and Security Agreement (the “Third Amendment”), which waived the Fixed Charge Coverage Ratio Covenant as of December 31, 2017 and added new minimum EBITDA and capital expenditure covenants through June 30, 2018. Among other changes, the Third Amendment also revised the Fixed Charge Coverage Ratio Covenant to be recalculated for future periods commencing with the quarter ending June 30, 2018. On May 3, 2018, the Company executed the Fourth Amendment to Loan and Security Agreement (the “Fourth Amendment”), waiving the Company’s non-compliance with the minimum EBITDA covenant through March 31, 2018. The Fourth Amendment, among other changes, amended the minimum EBITDA thresholds for the period ending June 30, 2018 and adjusted the definition of EBITDA to add back certain restructuring expenses. On October 26, 2018, the Company executed the Fifth Amendment to Loan and Security Agreement which, among other things, removed the Fixed Charge Coverage Ratio and capital expenditure covenants as of the period ending December 31, 2018 and added minimum EBITDA covenants through June 30, 2019. On January 16, 2019, the Company executed the Sixth Amendment to Loan and Security Agreement which increased the Company’s capability to issue letters of credit. On February 25, 2019, the Company executed an Amended and Restated Loan and Security Agreement (the “Amended and Restated Loan Agreement”), which expanded the Credit Facility to $35,000 and extended the term to February 25, 2022. The Amended and Restated Loan Agreement includes minimum EBITDA covenants through September 30, 2019 and introduces a Fixed Charge Coverage Ratio thereafter. For a more detailed description of the Amended and Restated Loan Agreement refer to Item 9B of this Form 10-K. Debt and capital lease obligations at December 31, 2018 totaled $14,876, which includes current outstanding debt and capital lease obligations totaling $12,897, over the next twelve months. The current outstanding debt includes $11,000 outstanding under the Credit Facility. On August 11, 2017, the Company filed a “shelf” registration statement on Form S-3, which was declared effective by the SEC on October 10, 2017 (the “Broadwind Form S-3”). This shelf registration statement, which includes a base prospectus, allows the Company at any time to offer any combination of securities described in the prospectus in one or more offerings. Unless otherwise specified in the prospectus supplement accompanying the Company’s base prospectus, the Company would use the net proceeds from the sale of any securities offered pursuant to the shelf registration statement for general corporate purposes. On July 31, 2018, the Company entered into an At Market Issuance Sales Agreement (the "ATM Agreement") with Roth Capital Partners, LLC (the “Agent”). Pursuant to the terms of the ATM Agreement, the Company may sell from time to time through the Agent shares of the Company's common stock, par value $0.001 per share with an aggregate sales price of up to $10,000. The Company will pay a commission to the Agent of 3% of the gross proceeds of the sale of the shares sold under the ATM Agreement and reimburse the Agent for the expenses of their counsel. During the year ended December 31, 2018, the Company issued 15,112 shares of the Company’s common stock under the ATM Agreement and the net proceeds (before upfront costs) to the Company from the sale of the Company’s common stock were approximately $33 after deducting commissions paid of approximately $1. As of December 31, 2018, the Company’s common stock having a value of approximately $9,967 remained available for issuance with respect to the ATM Agreement. The Company anticipates that current cash resources, amounts available under the Credit Facility, cash to be generated from operations, additional equipment financing, and any potential proceeds from access to the public or private debt or equity markets, including the option to raise capital under the Broadwind Form S-3, will be adequate to meet the Company’s liquidity needs for at least the next twelve months. If assumptions regarding the Company’s production, sales and subsequent collections from several of the Company’s large customers, as well as customer deposits and revenues generated from new customer orders, are materially inconsistent with management’s expectations, the Company may in the future encounter cash flow and liquidity issues, which could have a material adverse effect on the Company’s business, financial condition and results of operations. If the Company’s operational performance deteriorates significantly, it may be unable to comply with existing financial covenants, and could lose access to the Credit Facility. This could limit the Company’s operational flexibility or require a delay in making planned investments. Any additional equity financing, if available, may be dilutive to stockholders, and additional debt financing, if available, would likely require new financial covenants or impose other restrictions on the Company. While the Company believes that it will continue to have sufficient cash available to operate its businesses and to meet its financial obligations and debt covenants, for at least the next 12 months, there can be no assurances that its operations will generate sufficient cash, or that credit facilities or other resources will be available in an amount sufficient to enable the Company to meet these financial obligations. Summary of Significant Accounting Policies Principles of Consolidation and Basis of Presentation These consolidated financial statements include the accounts of the Company and entities in which it has a controlling financial interest. All significant intercompany transactions and balances have been eliminated in consolidation. The Company determines whether it has a controlling financial interest in an entity by first evaluating whether the entity is a voting interest entity or a variable interest entity (“VIE”). When the Company obtains an economic interest in an entity, the Company evaluates the entity to determine if the entity is deemed a VIE, and if the Company is deemed to be the primary beneficiary, in accordance with the accounting standard for the consolidation of VIE’s. The accounting standard for the consolidation of VIE’s requires the Company to qualitatively assess if the Company was the primary beneficiary of the VIE based on whether the Company had (i) the power to direct those matters that most significantly impacted the activities of the VIE and (ii) the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant. Refer to Note 18, “New Markets Tax Credit Transaction” of these consolidated financial statements for a description of two VIE’s that were included in the Company’s consolidated financial statements. Management’s Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. (“GAAP”) requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent liabilities as of the date of the financial statements and reported amounts of revenues and expenses during the reported period. Significant estimates, among others, include revenue recognition, future tax rates, inventory reserves, warranty reserves, impairment of long-lived assets, allowance for doubtful accounts, workers’ compensation reserves, health insurance reserves, and environmental reserves. Although these estimates are based upon management’s best knowledge of current events and actions that the Company may undertake in the future, actual results could differ from these estimates. Cash and Cash Equivalents and Short‑Term Investments Cash and cash equivalents typically comprise cash balances and readily marketable investments with original maturities of three months or less, such as money market funds, short‑term government bonds, Treasury bills, marketable securities and commercial paper. Marketable investments with original maturities between three and twelve months are recorded as short‑term investments. The Company’s treasury policy is to invest excess cash in money market funds or other investments, which are generally of a short‑term duration based upon operating requirements. Income earned on these investments is recorded to interest income in the Company’s consolidated statements of operations. As of December 31, 2018 and December 31, 2017, cash and cash equivalents totaled $1,177 and $78, respectively. For the years ended December 31, 2018 and 2017, interest income was $5. Revenue Recognition Revenues are recognized when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. Customer deposits, deferred revenue and other receipts are deferred and recognized when the revenue is realized and earned. Cash payments to customers are presumed to be classified as reductions of revenue in the Company’s statement of operations. In many instances within the Company’s Towers and Heavy Fabrications segment, products are sold under terms included in bill and hold sales arrangements that result in different timing for revenue recognition. The Company recognizes revenue under these arrangements only when the buyer requests the arrangement, the ordered goods are segregated from inventory and not available to fill other orders, the goods are currently ready for physical transfer to the customer, and the Company does not have the ability to use the product or to direct it to another customer. Assuming these required revenue recognition criteria are met, revenue is recognized upon completion of product manufacture and customer acceptance. The Company adopted the provisions of Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers, for the fiscal year beginning January 1, 2018 and elected the modified retrospective approach. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606 while prior period amounts are not adjusted and continue to be reported in accordance with the Company’s historical accounting under Topic 605. Based on the Company’s contract evaluation, the Company determined there was no need to record any changes to the opening retained earnings due to the impact of adopting Topic 606. The adoption of Topic 606 did not have a material impact on the Company’s consolidated financial statements. Cost of Sales Cost of sales represents all direct and indirect costs associated with the production of products for sale to customers. These costs include operation, repair and maintenance of equipment, materials, direct and indirect labor and benefit costs, rent and utilities, maintenance, insurance, equipment rentals, freight in and depreciation. Selling, General and Administrative Expenses Selling, general and administrative (“SG&A”) expenses include all corporate and administrative functions such as sales and marketing, legal, human resource management, finance, investor and public relations, information technology and senior management. These functions serve to support the Company’s current and future operations and provide an infrastructure to support future growth. Major expense items in this category include management and staff wages and benefits, share‑based compensation and professional services. Accounts Receivable (A/R) The Company generally grants uncollateralized credit to customers on an individual basis based upon the customer’s financial condition and credit history. Credit is typically on net 30 day terms and customer deposits are frequently required at various stages of the production process to finance customized products and minimize credit risk. Historically, the Company’s A/R is highly concentrated with a select number of customers. During the year ended December 31, 2018, the Company’s five largest customers accounted for 78% of its consolidated revenues and 54% of outstanding A/R balances, compared to the year ended December 31, 2017 when the Company’s five largest customers accounted for 85% of its consolidated revenues and 57% of its outstanding A/R balances. Allowance for Doubtful Accounts Based upon past experience and judgment, the Company establishes an allowance for doubtful accounts with respect to A/R. The Company’s standard allowance estimation methodology considers a number of factors that, based on its collections experience, the Company believes will have an impact on its credit risk and the realizability of its A/R. These factors include individual customer circumstances, history with the Company and other relevant criteria. A/R balances that remain outstanding after the Company has exhausted reasonable collection efforts are written off through a charge to the valuation allowance and a credit to A/R. The Company monitors its collections and write‑off experience to assess whether or not adjustments to its allowance estimates are necessary. Changes in trends in any of the factors that the Company believes may impact the realizability of its A/R, as noted above, or modifications to the Company’s credit standards, collection practices and other related policies may impact its allowance for doubtful accounts and its financial results. Bad debt (recoveries) expense for the years ended December 31, 2018 and 2017 was $(34) and $80, respectively. Inventories Inventories are stated at the lower of cost or market and net realizable value. Cost is determined either based on the first‑in, first‑out (“FIFO”) method, or on a standard cost basis that approximates the FIFO method. Market is determined based on net realizable value. Any excess of cost over net realizable value is included in the Company’s inventory allowance. Net realizable value of inventory, and management’s judgment of the need for reserves, encompasses consideration of other business factors including physical condition, inventory holding period, contract terms and usefulness. Inventories consist of raw materials, work‑in‑process and finished goods. Raw materials consist of components and parts for general production use. Work‑in‑process consists of labor and overhead, processing costs, purchased subcomponents and materials purchased for specific customer orders. Finished goods consist of components purchased from third parties as well as components manufactured by the Company that will be used to produce final customer products. Long-Lived Assets Property and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization of property and equipment is recognized using the straight‑line method over the estimated useful lives of the related assets for financial reporting purposes, and generally using an accelerated method for income tax reporting purposes. Depreciation expense related to property and equipment for the years ended December 31, 2018 and 2017 was $7,299 and $7,235, respectively. Expenditures for additions and improvements are capitalized, while replacements, maintenance and repairs that do not improve or extend the useful lives of the respective assets are expensed as incurred. The Company has in the past capitalized interest costs incurred on indebtedness used to construct property and equipment. Capitalized interest is recorded as part of the asset to which it relates and is amortized over the asset’s estimated useful life. There was no interest cost capitalized during the years ended December 31, 2018 or 2017. Property or equipment sold or disposed of is removed from the respective property accounts, with any corresponding gains and losses recorded within operating income (loss) in the Company’s consolidated statement of operations. The Company reviews property and equipment and other long‑lived assets (“long-lived assets”) for impairment whenever events or circumstances indicate that carrying amounts may not be recoverable. In evaluating the recoverability of long-lived assets, the Company utilizes a fair value technique accepted by ASC 820, Fair Value Measurement, which is the asset accumulation approach. If the fair value of the asset group is less than the carrying amount, the Company recognizes an impairment loss. In evaluating the recoverability of long‑lived assets, the Company must make assumptions regarding estimated future cash flows and other factors to determine the fair value of such assets. If the Company’s fair value estimates or related assumptions change in the future, the Company may be required to record impairment charges related to property and equipment and other long‑lived assets. Asset recoverability is first measured by comparing the assets’ carrying amounts to their expected future undiscounted net cash flows to determine if the assets are impaired. If such assets are considered to be impaired, the impairment recognized is measured based on the amount by which the carrying amount of the assets exceeds the fair value. To the extent the assumptions used in the Company’s analysis are not achieved, there may be a negative effect on the valuation of these assets. Warranty Liability The Company provides warranty terms that generally range from one to five years for various products and services relating to workmanship and materials supplied by the Company. In certain contracts, the Company has recourse provisions for items that would enable the Company to pursue recovery from third parties for amounts paid to customers under warranty provisions. Warranty liability is recorded in accrued liabilities within the consolidated balance sheet. The Company estimates the warranty accrual based on various factors, including historical warranty costs, current trends, product mix and sales. The changes in the carrying amount of the Company’s total product warranty liability for the years ended December 31, 2018 and 2017 were as follows, excluding activity related to the discontinued Services segment: As of December 31, 2018 2017 Balance, beginning of period $ 581 $ 671 Addition to (reduction of) warranty reserve (350) (28) Warranty claims (5) (62) Balance, end of period $ 226 $ 581 Income Taxes The Company accounts for income taxes based upon an asset and liability approach. Deferred tax assets and liabilities represent the future tax consequences of the differences between the financial statement carrying amounts of assets and liabilities versus the tax basis of assets and liabilities. Under this method, deferred tax assets are recognized for deductible temporary differences, and operating loss and tax credit carryforwards. Deferred tax liabilities are recognized for taxable temporary differences. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The impact of tax rate changes on deferred tax assets and liabilities is recognized in the year that the change is enacted. In connection with the preparation of its consolidated financial statements, the Company is required to estimate its income tax liability for each of the tax jurisdictions in which the Company operates. This process involves estimating the Company’s actual current income tax expense and assessing temporary differences resulting from differing treatment of certain income or expense items for income tax reporting and financial reporting purposes. The Company also recognizes as deferred income tax assets the expected future income tax benefits of net operating loss (“NOL”) carryforwards. In evaluating the realizability of deferred income tax assets associated with NOL carryforwards, the Company considers, among other things, expected future taxable income, the expected timing of the reversals of existing temporary reporting differences and the expected impact of tax planning strategies that may be implemented to prevent the potential loss of future income tax benefits. Changes in, among other things, income tax legislation, statutory income tax rates or future taxable income levels could materially impact the Company’s valuation of income tax assets and liabilities and could cause its income tax provision to vary significantly among financial reporting periods. On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act makes broad and complex changes to the U.S. tax code, including, but not limited to, (1) reducing the U.S. federal corporate tax rate; (2) eliminating the corporate alternative minimum tax; (3) creating a new limitation on deductible interest expense; and (4) changing rules related to uses and limitations of net operating loss carryforwards created in tax years beginning after December 31, 2017. In connection with the Tax Act, the SEC issued guidance under Staff Accounting Bulletin No. 118, Income Tax Accounting Implications of the Tax Cuts and Jobs Act directing taxpayers to consider the impact of the U.S. legislation as “provisional” when it does not have the necessary information, prepared or analyzed in reasonable detail to complete its accounting for the change in tax law. The Company also accounts for the uncertainty in income taxes related to the recognition and measurement of a tax position taken or expected to be taken in an income tax return. The Company follows the applicable pronouncement guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition related to the uncertainty in these income tax positions. Share‑Based Compensation The Company grants incentive stock options, restricted stock units (“RSUs”) and/or performance awards (“PSUs”) to certain officers, directors, and employees. The Company accounts for share‑based compensation related to these awards based on the estimated fair value of the equity award and recognizes expense ratably over the required vesting term of the award. The expense associated with PSUs is also based on the probability of achieving embedded targets. See Note 15 “Share‑Based Compensation” of these consolidated financial statements for further discussion of the Company’s share‑based compensation plans, the nature of share‑based awards issued and the Company’s accounting for share‑based compensation. Net Income (Loss) Per Share The Company presents both basic and diluted net income (loss) per share. Basic net income (loss) per share is based solely upon the weighted average number of common shares outstanding and excludes any dilutive effects of options, warrants and convertible securities. Diluted net income (loss) per share is based upon the weighted average number of common shares and common‑share equivalents outstanding during the year excluding those common‑share equivalents where the impact to basic net income (loss) per share would be anti‑dilutive.

REVENUES

REVENUES	12 Months Ended
	Dec. 31, 2018
REVENUES
REVENUES	2. REVENUES On January 1, 2018, the Company adopted ASU 2014-09 and 2015-14, Revenue from Contracts with Customers (Topic 606), using the modified retrospective method applied to those contracts which were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606 while prior period amounts are not adjusted and continue to be reported in accordance with the Company’s historical accounting under Topic 605. Based on the Company’s contract evaluation, the Company determined there was no need to record any changes to the opening retained earnings due to the impact of adopting Topic 606. The adoption of Topic 606 did not have a material impact on the Company’s consolidated financial statements. Revenues are recognized when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The following table presents the Company’s revenues disaggregated by revenue source for years ended December 31, 2018 and 2017: For the Years Ended December 31, 2018 2017 (1) Towers and Heavy Fabrications $ 68,815 $ 103,389 Gearing 38,376 26,006 Process Systems 18,319 17,390 Eliminations (130) - Consolidated $ 125,380 $ 146,785 (1) As noted above, prior period amounts have not been adjusted under the modified retrospective method. Revenue within the Company’s Gearing and Process Systems segments is recognized at a point in time, typically when control of the promised goods or services is transferred to its customers in an amount that reflects the consideration it expects to be entitled to in exchange for those goods or services. A performance obligation is a promise in a contract to transfer a distinct product or service to the customer. The Company measures revenue based on the consideration specified in the purchase order and revenue is recognized when the performance obligations are satisfied. If applicable, the transaction price of a contract is allocated to each distinct performance obligation and recognized as revenue when or as the customer receives the benefit of the performance obligation. For many transactions within the Company’s Towers and Heavy Fabrications segment, products are sold under terms included in bill and hold sales arrangements that result in different timing for revenue recognition. The Company recognizes revenue under these arrangements only when there is a substantive reason for the arrangement, the ordered goods are segregated from inventory and not available to fill other orders, the goods are currently ready for physical transfer to the customer, and the Company does not have the ability to use the product or to direct it to another customer. Assuming these required revenue recognition criteria are met, revenue is recognized upon completion of product manufacture and customer acceptance. The Company generally expenses sales commissions when incurred because the amortization period would have been one year or less. These costs are recorded within selling, general and administrative expenses. Customer deposits, deferred revenue and other receipts are deferred and recognized when the revenue is realized and earned. Cash payments to customers are classified as reductions of revenue in the Company’s statement of operations. The Company does not disclose the value of the unsatisfied performance obligations for contracts with an original expected length of one year or less.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2018
EARNINGS PER SHARE
EARNINGS PER SHARE	3. EARNINGS PER SHARE The following table presents a reconciliation of basic and diluted earnings per share for the years ended December 31, 2018 and 2017 as follows: For the Years Ended December 31, 2018 2017 Basic earnings per share calculation: Net loss $ (24,146) $ (3,641) Weighted average number of common shares outstanding 15,468,975 15,053,049 Basic net (loss) income per share $ (1.56) $ (0.24) Diluted earnings per share calculation: Net loss $ (24,146) $ (3,641) Weighted average number of common shares outstanding 15,468,975 15,053,049 Common stock equivalents: Stock options and non-vested stock awards (1) — — Weighted average number of common shares outstanding 15,468,975 15,053,049 Diluted net loss per share $ (1.56) $ (0.24) (1) Stock options and restricted stock units granted and outstanding of 862,706 and 579,330 are excluded from the computation of diluted earnings for the years ended December 31, 2018 and 2017 due to the anti‑dilutive effect as a result of the Company’s net loss for those respective periods.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	12 Months Ended
	Dec. 31, 2018
DISCONTINUED OPERATIONS
DISCONTINUED OPERATIONS	4. DISCONTINUED OPERATIONS The Company’s former Services segment had substantial continued operating losses for several years, due to low capacity utilization in our gearbox remanufacturing facility and an increasingly competitive environment for field services due in part to increased in-sourcing of service functions by customers. In July, 2015 the Company’s Board of Directors (the “Board”) directed management to evaluate potential strategic alternatives with respect to the Services segment. In September 2015 the Board authorized management to sell substantially all of the assets of the Services segment to one or more third-party purchasers, and thereafter to liquidate or otherwise dispose of any such assets remaining unsold. The Company began negotiations to sell substantially all the assets of the Services segment in the third quarter of 2015. The exit of this business was a strategic shift that had a major effect on the Company; therefore, the Company reclassified the related assets and liabilities of the Services segment as held for sale, which the divestiture was substantially completed in December 2015. Results of Discontinued Operations Results of operations associated with the Services segment, which are reflected as discontinued operations in the Company’s consolidated statements of income for the twelve months ended December 31, 2018 and 2017, were as follows: Year Ended December 31, 2018 2017 Revenues $ 3 $ 151 Cost of sales (132) (391) Selling, general and administrative (15) (57) Impairment of held for sale assets and liabilities and gain on sale of assets — (161) Loss from discontinued operations $ (144) $ (458) Assets and Liabilities Held for Sale Assets and liabilities classified as held for sale in the Company’s consolidated balance sheets as of December 31, 2018 and 2017 include the following: December 31, December 31, 2018 2017 Assets: Accounts receivable, net $ — $ 11 Inventories, net — 9 Total Assets Held For Sale Related To Discontinued Operations $ — $ 20 Liabilities: Accrued liabilities $ 26 $ 27 Customer deposits and other current obligations 1 3 Total Liabilities Held For Sale Related To Discontinued Operations $ 27 $ 30

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	12 Months Ended
	Dec. 31, 2018
RECENT ACCOUNTING PRONOUNCEMENTS
RECENT ACCOUNTING PRONOUNCEMENTS	5. RECENT ACCOUNTING PRONOUNCEMENTS The Company reviews new accounting standards as issued. Although some of the accounting standards issued or effective in the current fiscal year may be applicable to it, the Company believes that none of the new standards have a significant impact on its consolidated financial statements, except as discussed below. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which is intended to improve financial reporting about leasing transactions. This ASU will require organizations (“lessees”) that lease assets with lease terms of more than twelve months to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. Organizations that own the assets leased by lessees (“lessors”) will remain largely unchanged from current guidance. In addition, this ASU will require disclosures to help investors and other financial statement users better understand the amount, timing and uncertainty of cash flows arising from leases. This ASU became effective for annual reporting periods beginning after December 15, 2018 and interim periods within those fiscal years, with early adoption permitted. The Company expects to adopt this guidance for leases existing at the date of adoption and expects to recognize a liability and corresponding asset associated with in-scope leases. The Company has commenced identifying its lease population, but is still in the process of determining those amounts to be recognized as liabilities and right of use assets. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805), which clarifies the definition of a business. The amendments in this ASU provide a screen to determine when a set (group of assets and activities) is not a business. The screen requires that when substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of similar identifiable assets, the set is not a business. This screen reduces the number of transactions that need to be further evaluated. If the screen is not met, the amendments in this ASU (1) require that to be considered a business, a set must include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create output and (2) remove the evaluation of whether a market participant could replace missing elements. This ASU became effective for annual reporting periods beginning after December 15, 2017 and interim periods within those fiscal years. The adoption of this ASU had no material impact on the Company’s consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, Intangibles – Goodwill and Other (Topic 350), which simplifies the test for goodwill impairment. To simplify the subsequent measurement of goodwill, the FASB eliminated Step 2, which compares the implied fair value of reporting unit goodwill with the carrying amount of that goodwill, from the goodwill impairment test. Under the amendments in this ASU, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The FASB also eliminated the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform Step 2 of the goodwill impairment test. This ASU will be effective for annual reporting periods beginning after December 15, 2019 and interim periods within those fiscal years, with early adoption permitted. The Company early adopted this ASU during the second quarter of 2018 and recorded a $4,993 impairment charge as discussed in Note 8 “Long-Lived Assets” of these consolidated financial statements.

ALLOWANCE FOR DOUBTFUL ACCOUNTS

ALLOWANCE FOR DOUBTFUL ACCOUNTS	12 Months Ended
	Dec. 31, 2018
ALLOWANCE FOR DOUBTFUL ACCOUNTS
ALLOWANCE FOR DOUBTFUL ACCOUNTS	6. ALLOWANCE FOR DOUBTFUL ACCOUNTS The activity in the A/R allowance from operations for the years ended December 31, 2018 and 2017 consists of the following: For the Years Ended December 31, 2018 2017 Balance at beginning of period $ 225 $ 145 (Recoveries) bad debt expense (34) 80 Write-offs (1) — Balance at end of period $ 190 $ 225

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2018
INVENTORIES
INVENTORIES	7. INVENTORIES The components of inventories from operations as of December 31, 2018 and 2017 are summarized as follows: As of December 31, 2018 2017 Raw materials $ 16,394 $ 11,945 Work-in-process 5,426 6,305 Finished goods 2,958 3,538 24,778 21,788 Less: Reserve for excess and obsolete inventory (2,108) (2,509) Net inventories $ 22,670 $ 19,279

LONG-LIVED ASSETS

LONG-LIVED ASSETS	12 Months Ended
	Dec. 31, 2018
LONG-LIVED ASSETS
LONG-LIVED ASSETS	8. LONG-LIVED ASSETS The cost basis and estimated lives of property and equipment from continuing operations as of December 31, 2018 and 2017 are as follows: As of December 31, 2018 2017 Life Land $ 1,423 $ 1,423 Buildings 20,747 22,998 39 years Machinery and equipment 107,469 103,878 2 - 10 years Office furniture and equipment 4,387 4,202 3 - 7 years Leasehold improvements 8,974 9,095 Asset life or life of lease Construction in progress 172 4,138 143,172 145,734 Less accumulated depreciation and amortization (94,085) (90,041) Total property and equipment $ 49,087 $ 55,693 As of December 31, 2018 and December 31, 2017, the Company had commitments of $80 and $132, respectively, related to the completion of projects within construction in progress. As a result of the Red Wolf acquisition, the Company added $4,993 of goodwill, which was included in the Process Systems segment. See Note 16, “Segment Reporting” of these consolidated financial statements for further discussion of the Company’s segments. The goodwill represented the excess of the purchase price over the fair value of assets acquired, including identifiable intangibles and liabilities as part of the Company’s acquisition of Red Wolf. During the second quarter of 2018, the Company identified triggering events associated with the release of Red Wolf’s final earn-out reserve, Red Wolf’s recent operating results, a reduction in Red Wolf’s major customer’s performance and the delay of new initiatives being implemented. As a result, the Company evaluated the recoverability of the Red Wolf asset group. In accordance with GAAP, the Company compared the carrying value of the Red Wolf asset group to the forecast undiscounted cash flows associated with this asset group. Based on the analysis performed, the forecast undiscounted cash flows exceeded the carrying value and no impairment of this group was indicated or recorded. The Company next compared the carrying value of the Red Wolf reporting unit to the fair value of the Red Wolf reporting unit. The fair value was determined using significant unobservable inputs, or level 3 in the fair value hierarchy. The two main assumptions utilized in the forecast discounted cash flow analysis were the cash flows from operations and the weighted average cost of capital of 18.6%. Based on the analysis performed, the Company determined that the carrying amount of the reporting unit exceeded the fair value and recorded a $4,993 goodwill impairment charge in the second quarter of 2018. The Company utilized a third-party appraisal to validate the results of the analysis. During the fourth quarter of 2018, the Company identified triggering events associated with Red Wolf’s recent operating results, a reduction in Red Wolf’s major customer’s performance and the delay of new initiatives being implemented. As a result, the Company tested the long‑lived assets associated with Red Wolf for impairment. The carrying value of the asset group was found to exceed both its undiscounted cash flows and its fair value determined using the asset accumulation approach. The Company relied upon a third-party valuation and determined that the customer relationship intangible asset was impaired, and recorded a corresponding $7,592 impairment charge during the fourth quarter of 2018. The two main assumptions utilized in the valuation were the cash flows from operations and the weighted average cost of capital of 18.5%. During 2018 and 2017, the Company continued to experience triggering events associated with the Gearing segment’s history of operating losses. As a result, the Company evaluated the recoverability of certain of its long‑lived assets associated with the Gearing segment. The Company relied upon a third-party appraisal and determined that there were no significant changes to the inputs or assumptions used previously. The Company concluded that no impairment to this asset group was indicated as of December 31, 2018 or 2017. Other intangible assets represent the fair value assigned to definite-lived assets such as trade names and customer relationships as part of the Company’s acquisition of Brad Foote completed in 2007 as well as the noncompetition agreements, trade names and customer relationships that were part of the Company’s acquisition of Red Wolf. See Note 21, “Business Combinations” of these consolidated financial statements for further discussion of the Red Wolf acquisition. Other intangible assets are amortized on a straight-line basis over their estimated useful lives, with a remaining life range from 4 to 10 years. As of December 31, 2018 and 2017, the cost basis, accumulated amortization and net book value of intangible assets were as follows: December 31, 2018 December 31, 2017 Remaining Remaining Weighted Weighted Net Average Net Average Accumulated Impairment Book Amortization Accumulated Book Amortization Cost Amortization Charge Value Period Cost Amortization Value Period Goodwill and other intangible assets: Goodwill $ 4,993 $ — $ (4,993) $ - $ 4,993 $ — $ 4,993 Noncompete agreements (54) — 116 (26) 144 Customer relationships 15,979 (6,369) (7,592) 2,018 6.8 15,979 (4,992) 10,987 8.0 Trade names 9,099 (4,631) — 4,468 9.5 9,099 (4,152) 4,947 10.5 Other intangible assets $ 25,248 $ (11,054) $ (7,592) $ 6,602 6.5 $ 25,248 $ (9,170) $ 16,078 8.8 Intangible assets are amortized on a straight‑line basis over their estimated useful lives, which range from 6 to 20 years. Amortization expense was $1,884 and $1,764 for the years ended December 31, 2018 and 2017, respectively. As of December 31, 2018, estimated future amortization expense is as follows: 2019 $ 812 2020 812 2021 812 2022 812 2023 786 2024 and thereafter 2,568 Total $ 6,602

ACCRUED LIABILITIES

ACCRUED LIABILITIES	12 Months Ended
	Dec. 31, 2018
ACCRUED LIABILITIES
ACCRUED LIABILITIES	9. ACCRUED LIABILITIES Accrued liabilities as of December 31, 2018 and 2017 consisted of the following: December 31, 2018 2017 Accrued payroll and benefits $ 2,126 $ 1,797 Accrued property taxes — 144 Income taxes payable 66 77 Accrued professional fees 101 40 Accrued warranty liability 226 581 Accrued self-insurance reserve 374 812 Accrued other 913 942 Total accrued liabilities $ 3,806 $ 4,393

DEBT AND CREDIT AGREEMENTS

DEBT AND CREDIT AGREEMENTS	12 Months Ended
	Dec. 31, 2018
DEBT AND CREDIT AGREEMENTS
DEBT AND CREDIT AGREEMENTS	10. DEBT AND CREDIT AGREEMENTS The Company’s outstanding debt balances as of December 31, 2018 and 2017 consisted of the following: December 31, 2018 2017 Line of credit $ 11,000 $ 10,733 NMTC note payable — 2,600 Other notes payable 1,882 1,146 Long-term debt 456 570 Less: Current portion (11,930) (14,252) Long-term debt, net of current maturities $ 1,408 $ 797 As of December 31, 2018, future annual principal payments on the Company’s outstanding debt obligations were as follows: 2019 $ 12,045 2020 913 2021 266 2022 114 Total $ 13,338 Credit Facilities On October 26, 2016, the Company established a $20,000 three-year secured revolving line of credit (the “Credit Facility”) with CIBC Bank USA, formerly known as The PrivateBank and Trust Company (“CIBC”). The Credit Facility was subsequently increased to $25,000 in March of 2017 pursuant to a Second Amendment to Loan and Security Agreement and an Amended and Restated Revolving Note. Under the Credit Facility, CIBC advances funds when requested against a borrowing base consisting of up to 85% of the face value of the Company’s eligible A/R, up to 50% of the book value of eligible inventory and up to 50% of the appraised value of eligible machinery, equipment and certain real property up to $10,000. Borrowings under the Credit Facility bear interest at a per annum rate equal to the applicable LIBOR plus a margin ranging from 2.25% to 3.00%, or the applicable base rate plus a margin ranging from 0.00% to 1.00%, both of which are based on the trailing twelve-month EBITDA. The Company also pays an unused facility fee to CIBC equal to 0.50% per annum on the unused portion of the Credit Facility, along with other standard fees. The Credit Facility contains customary representations and warranties. It also contains a requirement that the Company, on a consolidated basis, maintain a Fixed Charge Coverage Ratio Covenant, along with other customary restrictive covenants. The obligations under the Credit Facility are secured by, subject to certain exclusions, (i) a first priority security interest in all accounts receivable, inventory, equipment, cash and investment property, and (ii) a mortgage on the Abilene, Texas tower facility. On January 29, 2018, the Company executed the Third Amendment to Loan and Security Agreement (the “Third Amendment”), which waived the Company’s non-compliance with the Fixed Charge Coverage Ratio Covenant as of December 31, 2017 and added new minimum EBITDA and capital expenditure covenants through June 30, 2018. The amendment also revised the Fixed Charge Coverage Ratio Covenant to be recalculated for future periods commencing with the quarter ending June 30, 2018. On May 3, 2018, the Company executed the Fourth Amendment to Loan and Security Agreement (the “Fourth Amendment”), which waived the Company’s non-compliance with the minimum EBITDA covenant through March 31, 2018. The Fourth Amendment, among other changes, amended the minimum EBITDA thresholds for the period ending June 30, 2018 and adjusted the definition of EBITDA to add back certain restructuring expenses. On October 26, 2018, the Company executed the Fifth Amendment to Loan and Security Agreement which, among other changes, removed the Fixed Charge Coverage Ratio and capital expenditure covenants as of the period ending December 31, 2018 and added minimum EBITDA covenants through June 30, 2019. On January 16, 2019, the Company executed the Sixth Amendment to Loan and Security Agreement which increased the Company’s capability to issue letters of credit. On February, 25, 2019, the Company executed an Amended and Restated Loan and Security Agreement (the “Amended and Restated Loan Agreement”), which expanded the Credit Facility to $35,000 and extended the term to February 25, 2022. The Amended and Restated Loan Agreement includes minimum EBITDA covenants through September 30, 2019 and introduces a Fixed Charge Coverage Ratio thereafter. For a more detailed description of the Amended and Restated Loan Agreement refer to Item 9B of this Form 10-K. As of December 31, 2018, there was $11,000 outstanding under the Credit Facility. The Company had the ability to borrow up to $10,319 under the Credit Facility as of December 31, 2018. Other The $2,600 liability associated with the NMTC transaction described further in Note 18, “New Markets Tax Credit Transaction” of these consolidated financial statements is included in the “Line of credit, NMTC and other notes payable” line item of the Company’s consolidated financial statements as of December 31, 2017. During the third quarter of 2018, the loan was extinguished and the Company recorded a gain of $2,249 in other income, net of transaction expenses. Separately, in 2016, the Company entered into a $570 loan agreement with the Development Corporation of Abilene which is included in long-term debt, less current maturities. The loan is forgivable upon the Company meeting and maintaining specific employment thresholds. During 2018, $114 of the loan was forgiven. In addition, the Company has outstanding notes payable for capital expenditures in the amount of $1,882 and $1,146 as of December 31, 2018 and 2017, respectively, with $930 and $804 included in the “Line of credit, NMTC and other notes payable” line item of the Company’s consolidated financial statements as of December 31, 2018 and 2017, respectively. The notes payable have monthly payments that range from $3 to $36 and an interest rate of 5%. The equipment purchased is utilized as collateral for the notes payable. The outstanding notes payable have maturity dates that range from April 2020 to May 2021.

LEASES

LEASES	12 Months Ended
	Dec. 31, 2018
LEASES
LEASES	11. LEASES The Company leases various property and equipment under operating lease arrangements. Lease terms generally range from 3 to 15 years with renewal options for extended terms. Certain leases contain rent escalation clauses that require additional rental payments in the later years of the term. Rent expense for these types of leases is recognized on a straight‑line basis over the minimum lease term. Any lease concessions received by the Company are deferred and recognized as an adjustment to rent expense ratably over the minimum lease term. The Company is required to make additional payments under certain property leases for taxes, insurance and other operating expenses incurred during the operating lease period. Rental expense for the years ended December 31, 2018 and 2017 was $3,654 and $3,378, respectively. In addition, the Company has entered into capital lease arrangements to finance property and equipment and assumed capital lease obligations in connection with certain acquisitions. The cost basis and accumulated depreciation of assets recorded under capital leases, which are included in property and equipment, are as follows as of December 31, 2018 and 2017: December 31, 2018 2017 Cost $ 4,354 $ 2,460 Accumulated depreciation (951) (424) Net book value $ 3,403 $ 2,036 Depreciation expense recorded in connection with assets recorded under capital leases was $527 and $295 for the years ended December 31, 2018 and 2017, respectively. As of December 31, 2018, future minimum lease payments under capital leases and operating leases were as follows: Capital Operating Leases Leases Total 2019 $ 1,057 $ 3,524 $ 4,581 2020 376 2,784 3,160 2021 252 2,334 2,586 2022 — 2,333 2,333 2023 — 2,213 2,213 2024 and thereafter — 6,340 6,340 Total $ 1,685 $ 19,528 $ 21,213 Less—portion representing interest at a weighted average annual rate of 5.0% (147) Principal 1,538 Less—current portion (967) Capital lease obligations, noncurrent portion $ 571

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2018
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	12. COMMITMENTS AND CONTINGENCIES Legal Proceedings From time to time, the Company is subject to legal proceedings or claims that arise in the ordinary course of its business. The Company accrues for costs related to loss contingencies when such costs are probable and reasonably estimable. As of December 31, 2018, the Company is not aware of any material pending legal proceedings or threatened litigation that would have a material adverse effect on the Company’s results of operations, financial condition or cash flows, although no assurance can be given with respect to the ultimate outcome of pending actions. Refer to Note 20, “Legal Proceedings” of these consolidated financial statements for further discussion of legal proceedings. Environmental Compliance and Remediation Liabilities The Company’s operations and products are subject to a variety of environmental laws and regulations in the jurisdictions in which the Company operates and sells products governing, among other things, air emissions, wastewater discharges, the use, handling and disposal of hazardous materials, soil and groundwater contamination, employee health and safety, and product content, performance and packaging. Also, certain environmental laws can impose the entire cost or a portion of the cost of investigating and cleaning up a contaminated site, regardless of fault, upon any one or more of a number of parties, including the current or previous owners or operators of the site. These environmental laws also impose liability on any person who arranges for the disposal or treatment of hazardous substances at a contaminated site. Third parties may also make claims against owners or operators of sites and users of disposal sites for personal injuries and property damage associated with releases of hazardous substances from those sites. In connection with the Company’s restructuring initiatives, during the third quarter of 2012, the Company identified a liability associated with the planned sale of one of the Company’s facilities located in Cicero, Illinois (the “Cicero Avenue Facility”). The liability is associated with environmental remediation costs that were identified while preparing the site for sale. During 2013, the Company applied for and was accepted into the Illinois Environmental Protection Agency (“IEPA”) voluntary site remediation program. In the first quarter of 2014, the Company completed a comprehensive review of remedial options for the Cicero Avenue Facility and selected a preferred remediation technology. In the fourth quarter of 2017, the Company completed the remediation of the Cicero Avenue Facility which was subsequently sold for $583, net of expenses, in the third quarter of 2018. Collateral In select instances, the Company has pledged specific inventory and machinery and equipment assets to serve as collateral on related payable or financing obligations. Warranty Liability The Company provides warranty terms that generally range from one to five years for various products and services relating to workmanship and materials supplied by the Company. In certain contracts, the Company has recourse provisions for items that would enable the Company to pursue recovery from third parties for amounts paid to customers under warranty provisions. Liquidated Damages In certain customer contracts, the Company has agreed to pay liquidated damages in the event of qualifying delivery or production delays. These damages are typically limited to a specific percentage of the value of the product in question and dependent on actual losses sustained by the customer. When the damages are determined to be probable and estimable, the damages are recorded as a reduction to revenue. During 2018 and 2017, the Company incurred no liquidated damages and there was no reserve for liquidated damages as of December 31, 2018. Workers’ Compensation Reserves As of December 31, 2018 and 2017, respectively, the Company had $374 and $812 accrued for self‑insured workers’ compensation liabilities. At the beginning of the third quarter of 2013, the Company began to self‑insure for its workers’ compensation liabilities, including reserves for self‑retained losses. The Company entered into a guaranteed workers’ compensation cost program at the beginning of the third quarter of 2016, but still maintains a liability for the trailing claims for the self-insured policy periods. Although the ultimate outcome of these matters may exceed the amounts recorded and additional losses may be incurred, the Company does not believe that any additional potential exposure for such liabilities will have a material adverse effect on the Company’s consolidated financial position or results of operations. Other As of December 31, 2018, approximately 23% of the Company’s employees were covered by two collective bargaining agreements with local unions at the Company’s Cicero, Illinois and Neville Island, Pennsylvania locations. The current five-year collective bargaining agreement with the Neville Island union is expected to remain in effect through October 2022. During the third quarter of 2018, a new collective bargaining agreement was negotiated and ratified with the Cicero Union. The new four-year collective bargaining agreement with the Cicero union is expected to remain in effect through February 2022. See Note 18, “New Markets Tax Credit Transaction” of these consolidated financial statements for a discussion of a strategic financing transaction (the “NMTC Transaction”) which originally related to the Company’s drivetrain service center in in Abilene, Texas (the “Abilene Gearbox Facility”), and was amended in August 2015 to also include the activities of the Company’s heavy industries business conducted in the same building in Abilene, Texas (the “Abilene Heavy Industries Facility”). The Abilene Heavy Industries Facility focuses on Heavy Fabrications for industries including those related to compressed natural gas distribution. Pursuant to the NMTC Transaction, the gross loan and investment in the Abilene Heavy Industries Facility and the Abilene Gearbox Facility of $10,000 is expected to generate $3,900 in tax credits over a period of seven years, which the NMTC Transaction makes available to Capital One, National Association (“Capital One”). The Abilene Heavy Industries Facility and/or the Abilene Gearbox Facility operated and remained in compliance with the terms and conditions of the NMTC Transaction during the seven year compliance period ending in the third quarter of 2018, allowing Capital One to capture up to $3,900 in tax credits. At the end of the seven year compliance period, Capital One exercised its right to put the investment back to the Company in exchange for $130. The loan was extinguished and the Company recorded a gain of $2,249 in other income, net of transaction expenses.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2018
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	13. FAIR VALUE MEASUREMENTS The Company measures its financial assets and liabilities at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., exit price) in an orderly transaction between market participants at the measurement date. Additionally, the Company is required to provide disclosure and categorize assets and liabilities measured at fair value into one of three different levels depending on the assumptions (i.e., inputs) used in the valuation. Level 1 provides the most reliable measure of fair value while Level 3 generally requires significant management judgment. Financial assets and liabilities are classified in their entirety based on the lowest level of input significant to the fair value measurement. Financial instruments are assessed quarterly to determine the appropriate classification within the fair value hierarchy. Transfers between fair value classifications are made based upon the nature and type of the observable inputs. The fair value hierarchy is defined as follows: Level 1 — Valuations are based on unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 — Valuations are based on quoted prices for similar assets or liabilities in active markets, or quoted prices in markets that are not active for which significant inputs are observable, either directly or indirectly. For the Company’s corporate and municipal bonds, although quoted prices are available and used to value said assets, they are traded less frequently. Level 3 — Valuations are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. Inputs reflect management’s best estimate of what market participants would use in valuing the asset or liability at the measurement date. The Company used market negotiations to value the Gearing segments assets. The following tables represent the fair values of the Company’s financial assets measured as of December 31, 2018 and 2017: December 31, 2018 Level 1 Level 2 Level 3 Total Assets measured on a nonrecurring basis: Goodwill $ — $ — $ — $ — Customer relationships 1,852 1,852 Total assets at fair value $ — $ — $ 1,852 $ 1,852 December 31, 2017 Level 1 Level 2 Level 3 Total Assets measured on a nonrecurring basis: Gearing Cicero Ave. facility $ — $ — $ 560 $ 560 Services assets — — 20 20 Total assets at fair value $ — $ — $ 580 $ 580 Fair value of financial instruments The carrying amounts of the Company’s financial instruments, which include cash and cash equivalents, restricted cash, A/R, accounts payable and customer deposits, approximate their respective fair values due to the relatively short-term nature of these instruments. Based upon interest rates currently available to the Company for debt with similar terms, the carrying value of the Company’s long-term debt is approximately equal to its fair value. Assets measured at fair value on a nonrecurring basis The fair value measurement approach for long lived assets utilizes a number of significant unobservable inputs or Level 3 assumptions. To the extent assumptions used in the Company’s evaluations are not achieved, there may be a negative effect on the valuation of these assets. The carrying value of the land and building comprising the Cicero Avenue Facility of $560 reflected the expected proceeds associated with selling this facility. During 2017, the Company reclassified the Cicero Avenue Facility as Assets Held for Sale upon completion of general site remediation activities. See Note 12, “Commitments and Contingencies” of these consolidated financial statements for additional detail of the Cicero Avenue Facility. During the third quarter of 2018, the Company sold the Cicero Avenue Facility and recognized a gain of $23 on the sale. The gain is included in operating income in these consolidated financial statements. Following the Board’s approval of a plan to divest the Company’s Services segment, the Company has been able to evaluate the value of the segment’s assets on the open market; therefore, the Company has utilized this measurement to determine the fair value of the Services segment assets.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2018
INCOME TAXES
INCOME TAXES	14. INCOME TAXES The provision for income taxes for the years ended December 31, 2018 and 2017 consists of the following: For the Years Ended December 31, 2018 2017 Current provision Federal $ — $ — Foreign — — State 98 5 Total current benefit 98 5 Deferred credit Federal (3,978) 31,614 State (2,963) 468 Total deferred credit (6,941) 32,082 Increase (decrease) in deferred tax valuation allowance 6,638 (37,132) Total benefit for income taxes $ (205) $ (5,045) On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act makes broad and complex changes to the U.S. tax code, including, but not limited to, (1) reducing the U.S. federal corporate tax rate; (2) eliminating the corporate alternative minimum tax; (3) creating a new limitation on deductible interest expense; and (4) changing rules related to uses and limitations of net operating loss carryforwards created in tax years beginning after December 31, 2017. With the Tax Act, the Securities and Exchange Commission issued guidance under Staff Accounting Bulletin No. 118, Income Tax Accounting Implications of the Tax Cuts and Jobs Act (“SAB 118”) directing taxpayers to consider the impact of the U.S. legislation as “provisional” when it does not have the necessary information, prepared or analyzed in reasonable detail to complete its accounting for the change in tax law. During the year ended December 31, 2018, the Company recorded a benefit for income taxes of $205, compared to a benefit for income taxes of $5,045 during the year ended December 31, 2017. The income tax benefit during the year ended December 31, 2017 included an income tax benefit of $5,060 from the partial release of the valuation allowance, net of Red Wolf’s current state taxes, resulting from the consolidation of the Company’s deferred tax assets with Red Wolf’s deferred tax liabilities upon acquisition. The total change in the deferred tax valuation allowance was $6,638 and ($37,132) for the years ended December 31, 2018 and 2017, respectively. The changes in the deferred tax valuation allowances in 2018 and 2017 were primarily the result of (decreases) increases to the deferred tax assets pertaining to federal and state NOLs. The tax effects of the temporary differences and NOLs that give rise to significant portions of deferred tax assets and liabilities are as follows: As of December 31, 2018 2017 Noncurrent deferred income tax assets: Net operating loss carryforwards $ 63,906 $ 56,619 Intangible assets 7,261 6,889 Accrual and reserves 2,502 2,402 Other 19 88 Total noncurrent deferred tax assets 73,688 65,998 Valuation allowance (73,129) (66,491) Noncurrent deferred tax assets, net of valuation allowance 559 (493) Noncurrent deferred income tax liabilities: Fixed assets 593 (152) Intangible assets — — Total noncurrent deferred tax liabilities 593 (152) Net deferred income tax liability $ (34) $ (341) Valuation allowances of $73,129 and $66,491 have been provided for deferred income tax assets for which realization is uncertain as of December 31, 2018 and 2017, respectively. A reconciliation of the beginning and ending amounts of the valuation is as follows: Valuation allowance as of December 31, 2017 $ (66,491) Gross increase for current year activity (6,638) Valuation allowance as of December 31, 2018 $ (73,129) As of December 31, 2018, the Company had federal and unapportioned state NOL carryforwards of approximately $248,717 of which $228,787 will begin to expire in 2026. The majority of the NOL carryforwards will expire in various years from 2028 through 2037. NOLs generated after January 1, 2018 will not expire. The reconciliation between the statutory U.S. federal income tax rate and the Company’s effective income tax rate is as follows: For the Year Ended December 31, 2018 2017 Statutory U.S. federal income tax rate 21.0 % 34.0 % State and local income taxes, net of federal income tax benefit 3.2 3.4 Permanent differences (4.4) (1.2) Change in valuation allowance (18.7) 446.7 Change in uncertain tax positions 0.0 0.5 Other (0.3) 0.1 Effect of U.S. tax rate change 0.0 (422.6) Effective income tax rate 0.8 % 60.9 % The Company accounts for the uncertainty in income taxes by prescribing a minimum recognition threshold for a tax position taken, or expected to be taken, in a tax return that is required to be met before being recognized in the financial statements. The changes in the Company’s uncertain income tax positions for the years ended December 31, 2018 and 2017 consisted of the following: For the Year Ended December 31, 2018 2017 Beginning balance $ 1 $ 27 Tax positions related to current year: Additions — — Reductions — — — — Tax positions related to prior years: Additions — — Reductions — — Settlements — — Lapses in statutes of limitations (1) (26) Additions from current year acquisitions — — (1) (26) Ending balance $ — $ 1 The amount of unrecognized tax benefits at December 31, 2018 that would affect the effective tax rate if the tax benefits were recognized was $0. It is the Company’s policy to include interest and penalties in tax expense. During the years ended December 31, 2018 and 2017, the Company recognized and accrued approximately $0 of interest and penalties. The Company files income tax returns in the U.S. federal and state jurisdictions. As of December 31, 2018, open tax years in the federal and some state jurisdictions date back to 1996 due to the taxing authorities’ ability to adjust NOL carryforwards. The Company’s 2008 and 2009 federal tax returns were examined in 2011 and no material adjustments were identified related to any of the Company’s tax positions. Although these periods have been audited, they continue to remain open until all NOLs generated in those tax years have either been utilized or expire. Section 382 of the Internal Revenue Code of 1986, as amended (the “IRC”), generally imposes an annual limitation on the amount of NOL carryforwards and associated built‑in losses that may be used to offset taxable income when a corporation has undergone certain changes in stock ownership. The Company’s ability to utilize NOL carryforwards and built‑in losses may be limited, under this section or otherwise, by the Company’s issuance of common stock or by other changes in stock ownership. Upon completion of the Company’s analysis of IRC Section 382, the Company has determined that aggregate changes in stock ownership have resulted in an annual limitation of $14,284 on NOLs and built‑in losses available for utilization based on the triggering event in 2010. To the extent the Company’s use of NOL carryforwards and associated built‑in losses is significantly limited in the future due to additional changes in stock ownership, the Company’s income could be subject to U.S. corporate income tax earlier than it would if the Company were able to use NOL carryforwards and built‑in losses without such annual limitation, which could result in lower profits and the loss of the majority of the benefits from these attributes. In February 2013, the Company adopted a Stockholder Rights Plan, which was amended in February 2016 and approved by our stockholders (as amended, the “Rights Plan”), designed to preserve the Company’s substantial tax assets associated with NOL carryforwards under IRC Section 382. On February 7, 2019, the Board of Directors (the “Board”) approved an amendment extending the Rights Plan for an additional three years. The amendment is subject to approval by our stockholders at our 2019 Annual Meeting of Stockholders. The Rights Plan is intended to act as a deterrent to any person or group, together with its affiliates and associates, being or becoming the beneficial owner of 4.9% or more of the Company’s common stock and thereby triggering a further limitation of the Company’s available NOL carryforwards. In connection with the adoption of the Rights Plan, the Board declared a non‑taxable dividend of one preferred share purchase right (a “Right”) for each outstanding share of the Company’s common stock to the Company’s stockholders of record as of the close of business on February 22, 2013. Each Right entitles its holder to purchase from the Company one one‑thousandth of a share of the Company’s Series A Junior Participating Preferred Stock at an exercise price of $4.25 per Right, subject to adjustment. As a result of the Rights Plan, any person or group that acquires beneficial ownership of 4.9% or more of the Company’s common stock without the approval of the Board would be subject to significant dilution in the ownership interest of that person or group. Stockholders who owned 4.9% or more of the outstanding shares of the Company’s common stock as of February 12, 2013 will not trigger the preferred share purchase rights unless they acquire additional shares after that date. As of December 31, 2018, the Company had $0 of unrecognized tax benefits, which would have a favorable impact on income tax expense. The Company recognizes interest and penalties related to uncertain tax positions as income tax expense. The Company had accrued interest and penalties of $0 as of December 31, 2018. As of December 31, 2017, the Company had unrecognized tax benefits of $1, of which $1 represented accrued interest and penalties.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2018
SHARE-BASED COMPENSATION
SHARE-BASED COMPENSATION	15. SHARE‑BASED COMPENSATION Overview of Share‑Based Compensation Plan 2007 Equity Incentive Plan The Company has granted incentive stock options and other equity awards pursuant to the Amended and Restated Broadwind Energy, Inc. 2007 Equity Incentive Plan (the “2007 EIP”), which was approved by the Board in October 2007 and by the Company’s stockholders in June 2008. The 2007 EIP has been amended periodically since its original approval. The 2007 EIP reserved 691,051 shares of the Company’s common stock for grants to officers, directors, employees, consultants and advisors upon whose efforts the success of the Company and its affiliates depends to a large degree. As of December 31, 2018, the Company had reserved 22,733 shares for issuance upon the exercise of stock options outstanding and no shares for issuance upon the vesting of RSU awards outstanding. As of December 31, 2018, 253,659 shares of common stock reserved for stock options and RSU awards under the 2007 EIP have been issued in the form of common stock. 2012 Equity Incentive Plan The Company has granted incentive stock options and other equity awards pursuant to the Broadwind Energy, Inc. 2012 Equity Incentive Plan (the “2012 EIP”), which was approved by the Board in March 2012 and by the Company’s stockholders in May 2012. The 2012 EIP reserved 1,200,000 shares of the Company’s common stock for grants to officers, directors, employees, consultants and advisors upon whose efforts the success of the Company and its affiliates will depend to a large degree. As of December 31, 2018, the Company had reserved 34,129 shares for issuance upon the exercise of stock options outstanding and no shares for issuance upon the vesting of RSU awards outstanding. As of December 31, 2018, 635,089 shares of common stock reserved for stock options and RSU awards under the 2012 EIP have been issued in the form of common stock. 2015 Equity Incentive Plan The Company has granted equity awards pursuant to the Broadwind Energy, Inc. 2015 Equity Incentive Plan (the “2015 EIP;” together with the 2007 EIP and the 2012 EIP, the “Equity Incentive Plans”), which was approved by the Board in February 2015 and by the Company’s stockholders in April 2015. The Company announced on February 8, 2019 that the Board had approved an Amended and Restated 2015 Equity Incentive Plan, which is subject to approval by the Company’s stockholders at the 2019 Annual Meeting of Stockholders. The purposes of the 2015 EIP are (i) to align the interests of the Company’s stockholders and recipients of awards under the 2015 EIP by increasing the proprietary interest of such recipients in the Company’s growth and success; (ii) to advance the interests of the Company by attracting and retaining officers, other employees, non-employee directors and independent contractors; and (iii) to motivate such persons to act in the long-term best interests of the Company and its stockholders. Under the 2015 EIP, the Company may grant (i) non-qualified stock options; (ii) “incentive stock options” (within the meaning of IRC Section 422); (iii) stock appreciation rights; (iv) restricted stock and RSUs; and (v) PSUs. The 2015 EIP reserves 1,100,000 shares of the Company’s common stock for grants to officers, directors, employees, consultants and advisors upon whose efforts the success of the Company and its affiliates will depend to a large degree. As of December 31, 2018, the Company had reserved 805,844 shares for issuance upon the vesting of RSU awards outstanding. As of December 31, 2018, a total of 343,429 shares of common stock reserved for RSU awards under the 2015 EIP had been issued in the form of common stock. Stock Options. The exercise price of stock options granted under the Equity Incentive Plans is equal to the closing price of the Company’s common stock on the date of grant. Stock options generally become exercisable on the anniversary of the grant date, with vesting terms that may range from one to five years from the date of grant. Additionally, stock options expire ten years after the date of grant. The fair value of stock options granted is expensed ratably over their vesting term. Restricted Stock Units (RSUs). The granting of RSUs is provided for under the Equity Incentive Plans. RSUs generally vest on the anniversary of the grant date, with vesting terms that may range from one to five years from the date of grant. The fair value of each RSU granted is equal to the closing price of the Company’s common stock on the date of grant and is generally expensed ratably over the vesting term of the RSU award. Performance Awards (PSUs). The granting of PSUs is provided for under the Equity Incentive Plans. PSUs generally vest upon the Company meeting performance measures as of the vesting date over the period of the plan. The fair value of each PSU granted is equal to the closing price of the Company’s common stock on the date of grant and is generally expensed ratably over the term of the PSU award plan. Stock option activity during the year ended December 31, 2018 under the Equity Incentive Plans was as follows: Weighted Average Aggregate Intrinsic Weighted Average Remaining Value Options Exercise Price Contractual Term (in thousands) Outstanding as of December 31, 2017 67,188 $ 24.65 Expired (10,326) 77.47 Outstanding as of December 31, 2018 56,862 $ 15.06 2.72 $ — Exercisable as of December 31, 2018 56,862 $ 15.06 2.72 $ — The following table summarizes information with respect to all outstanding and exercisable stock options under the Equity Incentive Plans as of December 31, 2018: Options Outstanding Options Exercisable Weighted Average Number of options Weighted Average Remaining Number Weighted Average Exercise Price or Range outstanding Exercise Price Contractual Term Exercisable Exercise Price $3.39 - $13.50 49,039 $ 6.47 2.99 years 49,039 $ 6.47 $54.40 - $99.90 7,823 68.94 0.99 years 7,823 68.94 56,862 $ 15.06 2.72 years 56,862 $ 15.06 The fair value of each stock option award is estimated on the date of grant using the Black‑Scholes option pricing model. The determination of the fair value of each stock option is affected by the Company’s stock price on the date of grant, as well as assumptions regarding a number of highly complex and subjective variables. These variables include, but are not limited to, the Company’s expected stock price volatility over the expected life of the awards and actual and projected stock option exercise behavior. There were no stock options granted during the twelve months ended December 31, 2018. The following table summarizes information with respect to outstanding RSU’s and PSU’s as of December 31, 2018 and 2017: Weighted Average Grant-Date Fair Value Number of Shares Per Share Unvested as of December 31, 2017 512,142 $ 4.57 Granted 565,964 $ 2.42 Vested (202,713) $ 4.41 Forfeited (69,549) $ 3.85 Unvested as of December 31, 2018 805,844 $ 3.16 During the years ended December 31, 2018 and 2017, the Company utilized a forfeiture rate of 25% for estimating the forfeitures of stock compensation granted. The following table summarizes share‑based compensation expense, net of taxes withheld, included in the Company’s consolidated statements of operations for the years ended December 31, 2018 and 2017 as follows: For the Years Ended December 31, 2018 2017 Share-based compensation expense: Cost of sales $ 99 $ 101 Selling, general and administrative 704 712 Net effect of share-based compensation expense on net income $ 803 $ 813 Reduction in earnings per share: Basic earnings per share $ 0.05 $ 0.05 Diluted earnings per share $ 0.05 $ 0.05 (1) Income tax benefit is not illustrated because the Company is currently in a full tax valuation allowance position and an actual income tax benefit was not realized for the years ended December 31, 2018 and 2017. The result of the income (loss) situation creates a timing difference, resulting in a deferred tax asset, which is fully reserved for in the Company’s valuation allowance. As of December 31, 2018, the Company estimates that pre‑tax compensation expense for all unvested share‑based awards, including both stock options and RSUs, in the amount of approximately $1,132 will be recognized through the year 2020. The Company expects to satisfy the exercise of stock options and future distribution of shares of restricted stock by issuing new shares of common stock.

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
	Dec. 31, 2018
SEGMENT REPORTING
SEGMENT REPORTING	16. SEGMENT REPORTING The Company is organized into reporting segments based on the nature of the products offered and business activities from which it earns revenues and incurs expenses for which discrete financial information is available and regularly reviewed by the Company’s chief operating decision maker. On February 1, 2017, the Company acquired Red Wolf, and Red Wolf is being operated as a wholly-owned subsidiary, as more fully described in Note 21, “Business Combinations” of these consolidated financial statements. The Red Wolf acquisition aligns with the Company’s growth strategy approved by our Board in late 2016 to expand and diversify our business through organic growth and strategic bolt-on acquisitions. Red Wolf’s operations is being reported in the “Process Systems” segment. As a result of the 2017 Red Wolf acquisition, the Company revised its segment presentation to include three reportable operating segments: Towers and Weldments, Gearing and Process Systems. All current and prior period financial results have been revised to reflect these changes. In the fourth quarter of 2017, the segment changed its name from “Towers and Weldments” to “Towers and Heavy Fabrications” to more accurately reflect the nature of the segment’s activities. The Company’s segments and their product offerings are summarized below: Towers and Heavy Fabrications The Company manufactures towers for wind turbines, specifically the large and heavier wind towers that are designed for multiple MW wind turbines. Production facilities, located in Manitowoc, Wisconsin and Abilene, Texas, are situated in close proximity to the primary U.S. domestic wind energy and equipment manufacturing hubs. The facilities have a combined annual tower production capacity of up to approximately 550 tower towers (1650 tower sections), sufficient to support turbines generating more than 1,100 MW of power. This product segment also encompasses the fabrication of heavy weldments for mining and other industrial customers. Gearing The Company engineers, builds and remanufactures precision gears and gearing systems for oil and gas, wind, mining, steel and other industrial applications. The Company uses an integrated manufacturing process, which includes machining and finishing processes in Cicero, Illinois, and heat treatment in Neville Island, Pennsylvania. Process Systems The Company acquired Red Wolf on February 1, 2017 and as a result, aggregated its Abilene, TX fabrication business with Red Wolf to form the Process Systems reportable segment. This segment provides contract manufacturing services that include build-to-spec, kitting, fabrication and inventory management for customers throughout the U.S. and in foreign countries, primarily supporting the natural gas turbine market. Corporate and Other “Corporate” includes the assets and SG&A expenses of the Company’s corporate office. “Eliminations” comprises adjustments to reconcile segment results to consolidated results. The accounting policies of the reportable segments are the same as those referenced in Note 1, “Description of Business and Summary of Significant Accounting Policies” of these consolidated financial statements. Summary financial information by reportable segment is as follows: Towers and Process Heavy Fabrications Gearing Systems Corporate Eliminations Consolidated For the Year Ended December 31, 2018 Revenues from external customers $ 68,773 $ 38,376 $ 18,231 $ — $ — $ 125,380 Intersegment revenues 42 — 88 — (130) — Net revenues 68,815 38,376 18,319 — (130) 125,380 Operating (loss) profit (4,346) 51 (16,442) (4,329) — (25,066) Depreciation and amortization 4,986 2,255 1,709 233 — 9,183 Capital expenditures 1,441 706 31 146 — 2,324 Total assets 32,866 37,028 13,731 243,867 (228,327) 99,165 Towers and Process Heavy Fabrications Gearing Systems Corporate Eliminations Consolidated For the Year Ended December 31, 2017 Revenues from external customers $ 103,389 $ 26,006 17,390 $ — $ — $ 146,785 Operating (loss) profit 2,667 (2,632) (2,269) (5,199) — (7,433) Depreciation and amortization 4,638 2,430 1,706 225 — 8,999 Capital expenditures 5,355 726 426 181 — 6,688 Assets held for sale — 560 — 20 — 580 Total assets 27,958 38,016 26,442 249,346 (229,412) 112,350 The Company generates revenues entirely from transactions completed in the U.S. and its long‑lived assets are all located in the U.S. All intercompany revenue is eliminated in consolidation. During 2018, two customers accounted for more than 10% of total net revenues. These two customers accounted for revenues of $72,851 for fiscal year 2018, with one reported within the Towers and Heavy Fabrications segment and one reported within the Gearing segment. During 2017, one customer accounted for more than 10% of total net revenues or $100,413 in revenue for fiscal year 2017, which was reported within the Towers and Heavy Fabrications segment. During the years ended December 31, 2018 and 2017, five customers accounted for 78% and 85%, respectively, of total net revenues.

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
	Dec. 31, 2018
RETIREMENT SAVINGS AND PROFIT SHARING PLANS
EMPLOYEE BENEFIT PLANS	17. EMPLOYEE BENEFIT PLANS Retirement Savings and Profit Sharing Plans Retirement Savings and Profit Sharing Plans The Company offers a 401(k) retirement savings plan to all eligible employees who may elect to contribute a portion of their salary on a pre‑tax basis, subject to applicable statutory limitations. All participating non‑union employees are eligible to receive safe harbor matching contributions equal to 100% of the first 3% of the participant’s elective deferral contributions and 50% of the next 2% of the participant’s elective deferral contributions. For 2018, in accordance with the collective bargaining agreements in place at its two union locations, the Company’s Illinois‑based union employees were eligible to receive a discretionary match in an amount up to 50% of each participant’s first 4% of elective deferral contributions, and the Company’s Pennsylvania‑based union employees were eligible to receive a discretionary match in an amount up to 100% of each participant’s first 3% and 50% of the next 2% of elective deferral contributions. The safe harbor matching contribution was extended to all union employees, beginning in 2019, following the extension of the Company’s collective bargaining agreements during 2018. The Company has the discretion, subject to applicable statutory requirements, to fund any matching contribution with a contribution to the plan of the Company’s common stock. In the third quarter of 2017, the Company began funding the matching contributions primarily in the form of the Company’s common stock. Under the plan, elective deferrals and basic Company matching is 100% vested at all times. For the years ended December 31, 2018 and 2017, the Company recorded expense under these plans of approximately $812 and $765, respectively. Deferred Compensation Plan The Company maintains a deferred compensation plan for certain key employees and nonemployee directors, whereby certain wages earned, compensation for services rendered, and discretionary company‑matching contributions may be deferred and deemed to be invested in the Company’s common stock. Changes in the fair value of the plan liability are recorded as charges or credits to compensation expense. Compensation expense associated with the deferred compensation plan recorded during the years ended December 31, 2018 and 2017 was $(13) and $(12). The fair value of the plan liability to the Company is included in accrued liabilities in the Company’s consolidated balance sheets. As of December 31, 2018 and 2017, the fair value of plan liability to the Company was $12 and $24, respectively. In addition to the employee benefit plans described above, the Company participates in certain customary employee benefits plans, including those which provide health and life insurance benefits to employees.

NEW MARKETS TAX CREDIT TRANSACT

NEW MARKETS TAX CREDIT TRANSACTION	12 Months Ended
	Dec. 31, 2018
NEW MARKETS TAX CREDIT TRANSACTION
NEW MARKETS TAX CREDIT TRANSACTION	18. NEW MARKETS TAX CREDIT TRANSACTION On July 20, 2011, the Company executed the NMTC Transaction, which was amended on August 24, 2015, involving the following third parties: AMCREF Fund VII, LLC (“AMCREF”), a registered community development entity; COCRF Investor VIII, LLC (“COCRF”); and Capital One. The NMTC Transaction allows the Company to receive below market interest rate funds through the federal New Markets Tax Credit (“NMTC”) program. The Company received $2,280 in proceeds via the NMTC Transaction. The NMTC Transaction qualifies under the NMTC program and includes a gross loan from AMCREF to the Company's wholly-owned subsidiary Broadwind Services, LLC, a Delaware limited liability company, in the principal amount of $10,000, with a term of fifteen years and interest payable at the rate of 1.4% per annum, largely offset by a gross loan in the principal amount of $7,720 from the Company to COCRF, with a term of fifteen years and interest payable at the rate of 2.5% per annum. The August 2015 amendment did not change the financial terms of the NMTC Transaction, but did add the activities and assets of the Abilene Heavy Industries Facility to the NMTC Transaction and allow for the sale of the Abilene Gearbox Facility assets provided that the proceeds of such sale be re-invested in the Abilene Heavy Industries Facility. The NMTC regulations permit taxpayers to claim credits against their federal income taxes for up to 39% of qualified investments in the equity of community development entities. The NMTC Transaction could generate $3,900 in tax credits, which the Company has made available under the structure by passing them through to Capital One. The proceeds have been applied to the Company’s investment in the Abilene Gearbox Facility assets and associated operating costs and in the assets of the Abilene Heavy Industries Facility, as permitted under the amended NMTC Transaction. The Abilene Heavy Industries Facility and the Abilene Gearbox Facility must operate and remain in compliance with various regulations and restrictions through September 2018, the end of the seven year compliance period, to comply with the terms of the NMTC Transaction, or the Company may be liable under its indemnification agreement with Capital One for the recapture of tax credits. In the event the Company does not comply with these regulations and restrictions, the NMTC program tax credits may be subject to 100% recapture for a period of seven years as provided in the IRC. The Company does not anticipate that any tax credit recapture events will occur or that it will be required to make any payments to Capital One under the indemnification agreement. The Capital One contribution, including a loan origination payment of $320, has been included as other assets in the Company’s consolidated balance sheet as of December 31, 2017. Capital One exercised its option to put its investment to the Company and receive $130 from the Company at that time. The Capital One contribution other than the amount allocated to the put obligation was recognized as income only after the put/call was exercised and when Capital One had no ongoing interest. The Company has determined that two pass‑through financing entities created under NMTC Transaction structure are VIEs. The ongoing activities of the VIEs—collecting and remitting interest and fees and complying with NMTC program requirements—were considered in the initial design of the NMTC Transaction and are not expected to significantly affect economic performance throughout the life of the VIEs. In making this determination, management also considered the contractual arrangements that obligate the Company to deliver tax benefits and provide various other guarantees under the NMTC Transaction structure, Capital One’s lack of a material interest in the underlying economics of the project, and the fact that the Company is obligated to absorb losses of the VIEs. The Company has concluded that it is required to consolidate the VIEs because the Company has both (i) the power to direct those matters that most significantly impact the activities of each VIE, and (ii) the obligation to absorb losses or the right to receive benefits of each VIE. The $262 of issue costs paid to third parties in connection with the NMTC Transaction were recorded as prepaid expenses, and are being amortized over the expected seven-year term of the NMTC arrangement. Capital One’s net contribution of $2,600 was included in “Line of credit, NMTC, and other notes payable” line item of the Company’s consolidated balance sheet at December 31, 2017. Incremental costs to maintain the transaction structure during the compliance period will be recognized as they are incurred. At the end of the seven year compliance period, Capital One exercised its right to put the investment back to the Company in exchange for $130. The loan was extinguished and the Company recorded a gain of $2,249 in other income, net of transaction expenses. As the NMTC loan was extinguished, the VIEs were dissolved.

QUARTERLY FINANCIAL SUMMARY (UN

QUARTERLY FINANCIAL SUMMARY (UNAUDITED)	12 Months Ended
	Dec. 31, 2018
QUARTERLY FINANCIAL SUMMARY (UNAUDITED)
QUARTERLY FINANCIAL SUMMARY (UNAUDITED)	19. QUARTERLY FINANCIAL SUMMARY (UNAUDITED) The following table provides a summary of selected financial results of operations by quarter for the years ended December 31, 2018 and 2017 as follows: 2018 First Second Third Fourth Revenues $ 29,967 $ 36,781 $ 31,445 $ 27,187 Gross (loss) profit (132) 2,223 1,486 (512) Operating loss (4,537) (5,736) (2,612) (12,181) Loss from continuing operations, net of tax (4,811) (6,083) (750) (12,358) Net loss (4,838) (6,116) (783) (12,409) Loss from continuing operations per share: Basic $ (0.32) $ (0.40) $ (0.05) $ (0.79) Diluted $ (0.32) $ (0.40) $ (0.05) $ (0.79) Net loss per share: Basic $ (0.32) $ (0.40) $ (0.05) $ (0.79) Diluted $ (0.32) $ (0.40) $ (0.05) $ (0.79) 2017 First Second Third Fourth Revenues $ 56,060 $ 43,362 $ 29,595 $ 17,768 Gross profit (loss) 6,374 3,872 1,014 (3,101) Operating (loss) profit 1,603 (516) (1,831) (6,689) (Loss) income from continuing operations, net of tax 6,482 (688) (2,049) (6,928) Net (loss) income 6,327 (780) (2,207) (6,981) (Loss) income from continuing operations per share: Basic $ 0.43 $ (0.05) $ (0.14) $ (0.45) Diluted $ 0.43 $ (0.05) $ (0.14) $ (0.45) Net (loss) income per share: Basic $ 0.42 $ (0.05) $ (0.15) $ (0.46) Diluted $ 0.42 $ (0.05) $ (0.15) $ (0.46)

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS	12 Months Ended
	Dec. 31, 2018
LEGAL PROCEEDINGS
LEGAL PROCEEDINGS	20. LEGAL PROCEEDINGS The Company is party to a variety of legal proceedings that arise in the normal course of its business. While the results of these legal proceedings cannot be predicted with certainty, management believes that the final outcome of these proceedings will not have a material adverse effect, individually or in the aggregate, on the Company’s results of operations, financial condition or cash flows. Due to the inherent uncertainty of litigation, there can be no assurance that the resolution of any particular claim or proceeding would not have a material adverse effect on the Company’s results of operations, financial condition or cash flows. It is possible that if one or more litigation matters were decided against the Company, the effects could be material to the Company’s results of operations in the period in which the Company would be required to record or adjust the related liability and could also be material to the Company’s financial condition and cash flows in the periods the Company would be required to pay such liability.

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	12 Months Ended
	Dec. 31, 2018
BUSINESS COMBINATIONS
BUSINESS COMBINATIONS	21. BUSINESS COMBINATIONS Overview On January 30, 2017, the Company announced that it had agreed upon the material terms to acquire Red Wolf, a Sanford, North Carolina-based, privately held fabricator, kitter and assembler of industrial systems primarily supporting the global gas turbine market, for approximately $18,983, subject to certain adjustments. The transaction closed on February 1, 2017, and Red Wolf is being operated as a wholly-owned subsidiary of the Company. Accounting for the Transaction The Company accounts for acquisitions in accordance with guidance found in ASC 805, Business Combinations. The guidance requires consideration given, including contingent consideration, assets acquired and liabilities assumed to be valued at their fair market values at the acquisition date. The guidance further provides that: (1) in-process research and development will be recorded at fair value as an indefinite-lived intangible asset; (2) acquisition costs will generally be expensed as incurred, (3) restructuring costs associated with a business combination will generally be expensed subsequent to the acquisition date; and (4) changes in deferred tax asset valuation allowances and income tax uncertainties after the acquisition date generally will affect income tax expense. ASC 805 requires that any excess of purchase price over fair value of assets acquired, including identifiable intangibles and liabilities assumed, be recognized as goodwill. Red Wolf’s results are included in the Company’s results from the acquisition date of February 1, 2017. The purchase price of the transaction totaled $18,983, of which $16,449 was paid in cash and $2,534 was the expected value of contingent future earn-out payments. The contingent consideration arrangement requires the Company to pay the former owners of Red Wolf a payout if Red Wolf achieves a targeted profitability benchmark. The potential undiscounted amount of all future payments that the Company could be required to make under the contingent consideration arrangement is between $0 and $9,900. Annual earn-out payments may not exceed $4,950. The fair value of the contingent consideration arrangement of $2,534 was estimated by using a Monte Carlo simulation. Key assumptions include a short-term weighted average cost of capital of 15% and historical volatility of public company comparables. During the third quarter of 2017, the Company released $1,394 of this contingency into operating income because management determined that Red Wolf’s full-year financial performance during the first year of ownership by the Company was unlikely to meet the threshold required to pay the first installment of the contingent earn-out. During the second quarter of 2018, the Company released the final contingent earn-out liability of $1,140 into operating income as the Company does not expect Red Wolf to achieve the targeted profitability benchmark for the second year of ownership. The release of the earn-out is reflected in the selling, general, and administrative line item in the consolidated statements of operations. The Company’s allocation of the $18,983 purchase price to Red Wolf’s tangible and identifiable intangible assets acquired and liabilities assumed, based on their fair values as of February 1, 2017, is included in the table below. Goodwill is recorded based on the amount by which the purchase price exceeds the fair value of the net assets acquired and is not deductible for tax purposes. The measurement period adjustments were a result of changes in the fair value of the contingent consideration arrangement and adjustments to working capital accounts. The decrease in goodwill from March 31, 2017 is due to opening balance sheet changes noted in the table below. The purchase price allocation as of March 31, 2017 and December 31, 2017 is as follows (in thousands): Allocation as of 3/31/2017 Measurement Period Adjustments Allocation as of 12/31/2017 Assets acquired and liabilities assumed: Cash and cash equivalents $ 63 $ (63) $ - Receivables 2,796 (96) 2,700 Inventories 4,998 179 5,177 Property and equipment 462 - 462 Noncompete agreements 170 - 170 Customer relationships 12,000 - 12,000 Trade names 1,100 - 1,100 Goodwill 5,568 (575) 4,993 Accounts payable (1,354) 2 (1,352) Accrued expenses (809) (67) (876) Deferred tax liabilities (5,391) - (5,391) Total purchase price $ 19,603 $ (620) $ 18,983 The allocation of the purchase price is based on valuations performed to determine the fair value of such assets and liabilities as of the acquisition date. The acquired noncompete agreements, customer relationships, and trade names have weighted average amortization periods of 6.0 years, 9.0 years, and 14.0 years, respectively and the total weighted average life of the acquired intangible assets is 9.4 years. Goodwill from this transaction has been allocated to the Company’s Process Systems segment and is not deductible for tax purposes. The Company incurred transaction costs of $182 for the year ended December 31, 2017 related to the acquisition. These costs were expensed as incurred and were primarily recorded as selling, general, and administrative expenses on the Company’s consolidated statements of operations. Red Wolf recorded revenues of $15,868 and a net loss of $146 for the period beginning from the acquisition date of February 1, 2017 and ending on December 31, 2017. The Company has not shown the pro forma results of Red Wolf because it is not significant.

RESTRUCTURING

RESTRUCTURING	12 Months Ended
	Dec. 31, 2018
RESTRUCTURING
RESTRUCTURING	NOTE 22 — RESTRUCTURING During the first quarter of 2018, the Company conducted a review of its business strategies and product plans given the outlook of the industries it serves and its business environment. As a result, the Company began to execute a restructuring plan to rationalize its facility capacity and management structure, and to consolidate and increase the efficiencies of its Abilene operations. The Company exited the CNG and Fabrication Manufacturing location in Abilene, TX in 2018 as soon as it fully complied with the requirements established as part of the NMTC Transaction agreement and consolidate these manufacturing activities into other locations. All remaining costs associated with this facility have been recorded as restructuring expenses. All costs will be incurred solely within the Process Systems segment. The Company expects that any additional costs related to the 2018 restructuring initiative will be immaterial. The Company anticipates annual cost savings going forward of approximately $575 in facility expenses related to the restructuring. The Company’s total net restructuring charges for the year ended December 31, 2018 consist of the following: Year Ended December 31, 2018 Cost of sales: Facility costs $ 249 Moving and remediation 33 Salary and severance 17 Depreciation 332 Total cost of sales 631 Selling, general, and administrative expenses: Salary and severance 37 Total selling, general, and administrative expenses 37 Grand Total $ 668

DESCRIPTION OF BUSINESS AND S_2

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2018
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation These consolidated financial statements include the accounts of the Company and entities in which it has a controlling financial interest. All significant intercompany transactions and balances have been eliminated in consolidation. The Company determines whether it has a controlling financial interest in an entity by first evaluating whether the entity is a voting interest entity or a variable interest entity (“VIE”). When the Company obtains an economic interest in an entity, the Company evaluates the entity to determine if the entity is deemed a VIE, and if the Company is deemed to be the primary beneficiary, in accordance with the accounting standard for the consolidation of VIE’s. The accounting standard for the consolidation of VIE’s requires the Company to qualitatively assess if the Company was the primary beneficiary of the VIE based on whether the Company had (i) the power to direct those matters that most significantly impacted the activities of the VIE and (ii) the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant. Refer to Note 18, “New Markets Tax Credit Transaction” of these consolidated financial statements for a description of two VIE’s that were included in the Company’s consolidated financial statements.
Management's Use of Estimates	Management’s Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. (“GAAP”) requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent liabilities as of the date of the financial statements and reported amounts of revenues and expenses during the reported period. Significant estimates, among others, include revenue recognition, future tax rates, inventory reserves, warranty reserves, impairment of long-lived assets, allowance for doubtful accounts, workers’ compensation reserves, health insurance reserves, and environmental reserves. Although these estimates are based upon management’s best knowledge of current events and actions that the Company may undertake in the future, actual results could differ from these estimates.
Cash and Cash Equivalents and Short-Term Investments	Cash and Cash Equivalents and Short‑Term Investments Cash and cash equivalents typically comprise cash balances and readily marketable investments with original maturities of three months or less, such as money market funds, short‑term government bonds, Treasury bills, marketable securities and commercial paper. Marketable investments with original maturities between three and twelve months are recorded as short‑term investments. The Company’s treasury policy is to invest excess cash in money market funds or other investments, which are generally of a short‑term duration based upon operating requirements. Income earned on these investments is recorded to interest income in the Company’s consolidated statements of operations. As of December 31, 2018 and December 31, 2017, cash and cash equivalents totaled $1,177 and $78, respectively. For the years ended December 31, 2018 and 2017, interest income was $5.
Revenue Recognition	Revenue Recognition Revenues are recognized when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. Customer deposits, deferred revenue and other receipts are deferred and recognized when the revenue is realized and earned. Cash payments to customers are presumed to be classified as reductions of revenue in the Company’s statement of operations. In many instances within the Company’s Towers and Heavy Fabrications segment, products are sold under terms included in bill and hold sales arrangements that result in different timing for revenue recognition. The Company recognizes revenue under these arrangements only when the buyer requests the arrangement, the ordered goods are segregated from inventory and not available to fill other orders, the goods are currently ready for physical transfer to the customer, and the Company does not have the ability to use the product or to direct it to another customer. Assuming these required revenue recognition criteria are met, revenue is recognized upon completion of product manufacture and customer acceptance. The Company adopted the provisions of Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers, for the fiscal year beginning January 1, 2018 and elected the modified retrospective approach. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606 while prior period amounts are not adjusted and continue to be reported in accordance with the Company’s historical accounting under Topic 605. Based on the Company’s contract evaluation, the Company determined there was no need to record any changes to the opening retained earnings due to the impact of adopting Topic 606. The adoption of Topic 606 did not have a material impact on the Company’s consolidated financial statements.
Cost of Sales	Cost of Sales Cost of sales represents all direct and indirect costs associated with the production of products for sale to customers. These costs include operation, repair and maintenance of equipment, materials, direct and indirect labor and benefit costs, rent and utilities, maintenance, insurance, equipment rentals, freight in and depreciation.
Selling, General and Administrative Expenses	Selling, General and Administrative Expenses Selling, general and administrative (“SG&A”) expenses include all corporate and administrative functions such as sales and marketing, legal, human resource management, finance, investor and public relations, information technology and senior management. These functions serve to support the Company’s current and future operations and provide an infrastructure to support future growth. Major expense items in this category include management and staff wages and benefits, share‑based compensation and professional services.
Accounts Receivable	Accounts Receivable (A/R) The Company generally grants uncollateralized credit to customers on an individual basis based upon the customer’s financial condition and credit history. Credit is typically on net 30 day terms and customer deposits are frequently required at various stages of the production process to finance customized products and minimize credit risk. Historically, the Company’s A/R is highly concentrated with a select number of customers. During the year ended December 31, 2018, the Company’s five largest customers accounted for 78% of its consolidated revenues and 54% of outstanding A/R balances, compared to the year ended December 31, 2017 when the Company’s five largest customers accounted for 85% of its consolidated revenues and 57% of its outstanding A/R balances.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts Based upon past experience and judgment, the Company establishes an allowance for doubtful accounts with respect to A/R. The Company’s standard allowance estimation methodology considers a number of factors that, based on its collections experience, the Company believes will have an impact on its credit risk and the realizability of its A/R. These factors include individual customer circumstances, history with the Company and other relevant criteria. A/R balances that remain outstanding after the Company has exhausted reasonable collection efforts are written off through a charge to the valuation allowance and a credit to A/R. The Company monitors its collections and write‑off experience to assess whether or not adjustments to its allowance estimates are necessary. Changes in trends in any of the factors that the Company believes may impact the realizability of its A/R, as noted above, or modifications to the Company’s credit standards, collection practices and other related policies may impact its allowance for doubtful accounts and its financial results. Bad debt (recoveries) expense for the years ended December 31, 2018 and 2017 was $(34) and $80, respectively.
Inventories	Inventories Inventories are stated at the lower of cost or market and net realizable value. Cost is determined either based on the first‑in, first‑out (“FIFO”) method, or on a standard cost basis that approximates the FIFO method. Market is determined based on net realizable value. Any excess of cost over net realizable value is included in the Company’s inventory allowance. Net realizable value of inventory, and management’s judgment of the need for reserves, encompasses consideration of other business factors including physical condition, inventory holding period, contract terms and usefulness. Inventories consist of raw materials, work‑in‑process and finished goods. Raw materials consist of components and parts for general production use. Work‑in‑process consists of labor and overhead, processing costs, purchased subcomponents and materials purchased for specific customer orders. Finished goods consist of components purchased from third parties as well as components manufactured by the Company that will be used to produce final customer products.
Long-Lived Assets	Long-Lived Assets Property and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization of property and equipment is recognized using the straight‑line method over the estimated useful lives of the related assets for financial reporting purposes, and generally using an accelerated method for income tax reporting purposes. Depreciation expense related to property and equipment for the years ended December 31, 2018 and 2017 was $7,299 and $7,235, respectively. Expenditures for additions and improvements are capitalized, while replacements, maintenance and repairs that do not improve or extend the useful lives of the respective assets are expensed as incurred. The Company has in the past capitalized interest costs incurred on indebtedness used to construct property and equipment. Capitalized interest is recorded as part of the asset to which it relates and is amortized over the asset’s estimated useful life. There was no interest cost capitalized during the years ended December 31, 2018 or 2017. Property or equipment sold or disposed of is removed from the respective property accounts, with any corresponding gains and losses recorded within operating income (loss) in the Company’s consolidated statement of operations. The Company reviews property and equipment and other long‑lived assets (“long-lived assets”) for impairment whenever events or circumstances indicate that carrying amounts may not be recoverable. In evaluating the recoverability of long-lived assets, the Company utilizes a fair value technique accepted by ASC 820, Fair Value Measurement, which is the asset accumulation approach. If the fair value of the asset group is less than the carrying amount, the Company recognizes an impairment loss. In evaluating the recoverability of long‑lived assets, the Company must make assumptions regarding estimated future cash flows and other factors to determine the fair value of such assets. If the Company’s fair value estimates or related assumptions change in the future, the Company may be required to record impairment charges related to property and equipment and other long‑lived assets. Asset recoverability is first measured by comparing the assets’ carrying amounts to their expected future undiscounted net cash flows to determine if the assets are impaired. If such assets are considered to be impaired, the impairment recognized is measured based on the amount by which the carrying amount of the assets exceeds the fair value. To the extent the assumptions used in the Company’s analysis are not achieved, there may be a negative effect on the valuation of these assets.
Property and Equipment	Long-Lived Assets Property and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization of property and equipment is recognized using the straight‑line method over the estimated useful lives of the related assets for financial reporting purposes, and generally using an accelerated method for income tax reporting purposes. Depreciation expense related to property and equipment for the years ended December 31, 2018 and 2017 was $7,299 and $7,235, respectively. Expenditures for additions and improvements are capitalized, while replacements, maintenance and repairs that do not improve or extend the useful lives of the respective assets are expensed as incurred. The Company has in the past capitalized interest costs incurred on indebtedness used to construct property and equipment. Capitalized interest is recorded as part of the asset to which it relates and is amortized over the asset’s estimated useful life. There was no interest cost capitalized during the years ended December 31, 2018 or 2017. Property or equipment sold or disposed of is removed from the respective property accounts, with any corresponding gains and losses recorded within operating income (loss) in the Company’s consolidated statement of operations. The Company reviews property and equipment and other long‑lived assets (“long-lived assets”) for impairment whenever events or circumstances indicate that carrying amounts may not be recoverable. In evaluating the recoverability of long-lived assets, the Company utilizes a fair value technique accepted by ASC 820, Fair Value Measurement, which is the asset accumulation approach. If the fair value of the asset group is less than the carrying amount, the Company recognizes an impairment loss. In evaluating the recoverability of long‑lived assets, the Company must make assumptions regarding estimated future cash flows and other factors to determine the fair value of such assets. If the Company’s fair value estimates or related assumptions change in the future, the Company may be required to record impairment charges related to property and equipment and other long‑lived assets. Asset recoverability is first measured by comparing the assets’ carrying amounts to their expected future undiscounted net cash flows to determine if the assets are impaired. If such assets are considered to be impaired, the impairment recognized is measured based on the amount by which the carrying amount of the assets exceeds the fair value. To the extent the assumptions used in the Company’s analysis are not achieved, there may be a negative effect on the valuation of these assets.
Warranty Liability	Warranty Liability The Company provides warranty terms that generally range from one to five years for various products and services relating to workmanship and materials supplied by the Company. In certain contracts, the Company has recourse provisions for items that would enable the Company to pursue recovery from third parties for amounts paid to customers under warranty provisions. Warranty liability is recorded in accrued liabilities within the consolidated balance sheet. The Company estimates the warranty accrual based on various factors, including historical warranty costs, current trends, product mix and sales. The changes in the carrying amount of the Company’s total product warranty liability for the years ended December 31, 2018 and 2017 were as follows, excluding activity related to the discontinued Services segment: As of December 31, 2018 2017 Balance, beginning of period $ 581 $ 671 Addition to (reduction of) warranty reserve (350) (28) Warranty claims (5) (62) Balance, end of period $ 226 $ 581
Income Taxes	As of December 31, 2018 2017 Balance, beginning of period $ 581 $ 671 Addition to (reduction of) warranty reserve (350) (28) Warranty claims (5) (62) Balance, end of period $ 226 $ 581 Income Taxes The Company accounts for income taxes based upon an asset and liability approach. Deferred tax assets and liabilities represent the future tax consequences of the differences between the financial statement carrying amounts of assets and liabilities versus the tax basis of assets and liabilities. Under this method, deferred tax assets are recognized for deductible temporary differences, and operating loss and tax credit carryforwards. Deferred tax liabilities are recognized for taxable temporary differences. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The impact of tax rate changes on deferred tax assets and liabilities is recognized in the year that the change is enacted. In connection with the preparation of its consolidated financial statements, the Company is required to estimate its income tax liability for each of the tax jurisdictions in which the Company operates. This process involves estimating the Company’s actual current income tax expense and assessing temporary differences resulting from differing treatment of certain income or expense items for income tax reporting and financial reporting purposes. The Company also recognizes as deferred income tax assets the expected future income tax benefits of net operating loss (“NOL”) carryforwards. In evaluating the realizability of deferred income tax assets associated with NOL carryforwards, the Company considers, among other things, expected future taxable income, the expected timing of the reversals of existing temporary reporting differences and the expected impact of tax planning strategies that may be implemented to prevent the potential loss of future income tax benefits. Changes in, among other things, income tax legislation, statutory income tax rates or future taxable income levels could materially impact the Company’s valuation of income tax assets and liabilities and could cause its income tax provision to vary significantly among financial reporting periods. On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act makes broad and complex changes to the U.S. tax code, including, but not limited to, (1) reducing the U.S. federal corporate tax rate; (2) eliminating the corporate alternative minimum tax; (3) creating a new limitation on deductible interest expense; and (4) changing rules related to uses and limitations of net operating loss carryforwards created in tax years beginning after December 31, 2017. In connection with the Tax Act, the SEC issued guidance under Staff Accounting Bulletin No. 118, Income Tax Accounting Implications of the Tax Cuts and Jobs Act directing taxpayers to consider the impact of the U.S. legislation as “provisional” when it does not have the necessary information, prepared or analyzed in reasonable detail to complete its accounting for the change in tax law. The Company also accounts for the uncertainty in income taxes related to the recognition and measurement of a tax position taken or expected to be taken in an income tax return. The Company follows the applicable pronouncement guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition related to the uncertainty in these income tax positions.
Share-Based Compensation	Share‑Based Compensation The Company grants incentive stock options, restricted stock units (“RSUs”) and/or performance awards (“PSUs”) to certain officers, directors, and employees. The Company accounts for share‑based compensation related to these awards based on the estimated fair value of the equity award and recognizes expense ratably over the required vesting term of the award. The expense associated with PSUs is also based on the probability of achieving embedded targets. See Note 15 “Share‑Based Compensation” of these consolidated financial statements for further discussion of the Company’s share‑based compensation plans, the nature of share‑based awards issued and the Company’s accounting for share‑based compensation.
Net Income (Loss) Per Share	Net Income (Loss) Per Share The Company presents both basic and diluted net income (loss) per share. Basic net income (loss) per share is based solely upon the weighted average number of common shares outstanding and excludes any dilutive effects of options, warrants and convertible securities. Diluted net income (loss) per share is based upon the weighted average number of common shares and common‑share equivalents outstanding during the year excluding those common‑share equivalents where the impact to basic net income (loss) per share would be anti‑dilutive.

DESCRIPTION OF BUSINESS AND S_3

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2018
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of changes in the carrying amount of the total product warranty liability	As of December 31, 2018 2017 Balance, beginning of period $ 581 $ 671 Addition to (reduction of) warranty reserve (350) (28) Warranty claims (5) (62) Balance, end of period $ 226 $ 581

REVENUES (Tables)

REVENUES (Tables)	12 Months Ended
	Dec. 31, 2018
REVENUES
Schedule of disaggregation of revenue	For the Years Ended December 31, 2018 2017 (1) Towers and Heavy Fabrications $ 68,815 $ 103,389 Gearing 38,376 26,006 Process Systems 18,319 17,390 Eliminations (130) - Consolidated $ 125,380 $ 146,785

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2018
EARNINGS PER SHARE
Reconciliation of basic and diluted earnings per share	For the Years Ended December 31, 2018 2017 Basic earnings per share calculation: Net loss $ (24,146) $ (3,641) Weighted average number of common shares outstanding 15,468,975 15,053,049 Basic net (loss) income per share $ (1.56) $ (0.24) Diluted earnings per share calculation: Net loss $ (24,146) $ (3,641) Weighted average number of common shares outstanding 15,468,975 15,053,049 Common stock equivalents: Stock options and non-vested stock awards (1) — — Weighted average number of common shares outstanding 15,468,975 15,053,049 Diluted net loss per share $ (1.56) $ (0.24) (1) Stock options and restricted stock units granted and outstanding of 862,706 and 579,330 are excluded from the computation of diluted earnings for the years ended December 31, 2018 and 2017 due to the anti‑dilutive effect as a result of the Company’s net loss for those respective periods.

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	12 Months Ended
	Dec. 31, 2018
DISCONTINUED OPERATIONS
Schedule of assets and liabilities held for sale	Results of operations associated with the Services segment, which are reflected as discontinued operations in the Company’s consolidated statements of income for the twelve months ended December 31, 2018 and 2017, were as follows: Year Ended December 31, 2018 2017 Revenues $ 3 $ 151 Cost of sales (132) (391) Selling, general and administrative (15) (57) Impairment of held for sale assets and liabilities and gain on sale of assets — (161) Loss from discontinued operations $ (144) $ (458) Assets and Liabilities Held for Sale Assets and liabilities classified as held for sale in the Company’s consolidated balance sheets as of December 31, 2018 and 2017 include the following: December 31, December 31, 2018 2017 Assets: Accounts receivable, net $ — $ 11 Inventories, net — 9 Total Assets Held For Sale Related To Discontinued Operations $ — $ 20 Liabilities: Accrued liabilities $ 26 $ 27 Customer deposits and other current obligations 1 3 Total Liabilities Held For Sale Related To Discontinued Operations $ 27 $ 30

ALLOWANCE FOR DOUBTFUL ACCOUN_2

ALLOWANCE FOR DOUBTFUL ACCOUNTS (Tables)	12 Months Ended
	Dec. 31, 2018
ALLOWANCE FOR DOUBTFUL ACCOUNTS
Schedule of activity in the A/R allowance from continuing operations	For the Years Ended December 31, 2018 2017 Balance at beginning of period $ 225 $ 145 (Recoveries) bad debt expense (34) 80 Write-offs (1) — Balance at end of period $ 190 $ 225

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2018
INVENTORIES
Schedule of the components of inventories from operations	As of December 31, 2018 2017 Raw materials $ 16,394 $ 11,945 Work-in-process 5,426 6,305 Finished goods 2,958 3,538 24,778 21,788 Less: Reserve for excess and obsolete inventory (2,108) (2,509) Net inventories $ 22,670 $ 19,279

LONG-LIVED ASSETS (Tables)

LONG-LIVED ASSETS (Tables)	12 Months Ended
	Dec. 31, 2018
LONG-LIVED ASSETS
Schedule of cost basis and estimated lives of property and equipment from continuing operations	As of December 31, 2018 2017 Life Land $ 1,423 $ 1,423 Buildings 20,747 22,998 39 years Machinery and equipment 107,469 103,878 2 - 10 years Office furniture and equipment 4,387 4,202 3 - 7 years Leasehold improvements 8,974 9,095 Asset life or life of lease Construction in progress 172 4,138 143,172 145,734 Less accumulated depreciation and amortization (94,085) (90,041) Total property and equipment $ 49,087 $ 55,693
Schedule of the cost basis, accumulated amortization and net book value of intangible assets	December 31, 2018 December 31, 2017 Remaining Remaining Weighted Weighted Net Average Net Average Accumulated Impairment Book Amortization Accumulated Book Amortization Cost Amortization Charge Value Period Cost Amortization Value Period Goodwill and other intangible assets: Goodwill $ 4,993 $ — $ (4,993) $ - $ 4,993 $ — $ 4,993 Noncompete agreements (54) — 116 (26) 144 Customer relationships 15,979 (6,369) (7,592) 2,018 6.8 15,979 (4,992) 10,987 8.0 Trade names 9,099 (4,631) — 4,468 9.5 9,099 (4,152) 4,947 10.5 Other intangible assets $ 25,248 $ (11,054) $ (7,592) $ 6,602 6.5 $ 25,248 $ (9,170) $ 16,078 8.8
Schedule of estimated future amortization expense	2019 $ 812 2020 812 2021 812 2022 812 2023 786 2024 and thereafter 2,568 Total $ 6,602

ACCRUED LIABILITIES (Tables)

ACCRUED LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2018
ACCRUED LIABILITIES
Schedule of accrued liabilities	December 31, 2018 2017 Accrued payroll and benefits $ 2,126 $ 1,797 Accrued property taxes — 144 Income taxes payable 66 77 Accrued professional fees 101 40 Accrued warranty liability 226 581 Accrued self-insurance reserve 374 812 Accrued other 913 942 Total accrued liabilities $ 3,806 $ 4,393

DEBT AND CREDIT AGREEMENTS (Tab

DEBT AND CREDIT AGREEMENTS (Tables)	12 Months Ended
	Dec. 31, 2018
DEBT AND CREDIT AGREEMENTS
Schedule of outstanding debt balances	December 31, 2018 2017 Line of credit $ 11,000 $ 10,733 NMTC note payable — 2,600 Other notes payable 1,882 1,146 Long-term debt 456 570 Less: Current portion (11,930) (14,252) Long-term debt, net of current maturities $ 1,408 $ 797
Schedule of future annual principal payments	December 31, 2018 2017 Line of credit $ 11,000 $ 10,733 NMTC note payable — 2,600 Other notes payable 1,882 1,146 Long-term debt 456 570 Less: Current portion (11,930) (14,252) Long-term debt, net of current maturities $ 1,408 $ 797 As of December 31, 2018, future annual principal payments on the Company’s outstanding debt obligations were as follows: 2019 $ 12,045 2020 913 2021 266 2022 114 Total $ 13,338

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2018
LEASES
Schedule of cost basis and accumulated depreciation of assets recorded under capital leases, which are included in property and equipment	December 31, 2018 2017 Cost $ 4,354 $ 2,460 Accumulated depreciation (951) (424) Net book value $ 3,403 $ 2,036
Schedule of future minimum annual lease payments under capital leases and operating leases	Capital Operating Leases Leases Total 2019 $ 1,057 $ 3,524 $ 4,581 2020 376 2,784 3,160 2021 252 2,334 2,586 2022 — 2,333 2,333 2023 — 2,213 2,213 2024 and thereafter — 6,340 6,340 Total $ 1,685 $ 19,528 $ 21,213 Less—portion representing interest at a weighted average annual rate of 5.0% (147) Principal 1,538 Less—current portion (967) Capital lease obligations, noncurrent portion $ 571

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2018
FAIR VALUE MEASUREMENTS
Schedule of the fair values of the Company's financial assets	December 31, 2018 Level 1 Level 2 Level 3 Total Assets measured on a nonrecurring basis: Goodwill $ — $ — $ — $ — Customer relationships 1,852 1,852 Total assets at fair value $ — $ — $ 1,852 $ 1,852 December 31, 2017 Level 1 Level 2 Level 3 Total Assets measured on a nonrecurring basis: Gearing Cicero Ave. facility $ — $ — $ 560 $ 560 Services assets — — 20 20 Total assets at fair value $ — $ — $ 580 $ 580

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2018
INCOME TAXES
Schedule of components of provision for income taxes	For the Years Ended December 31, 2018 2017 Current provision Federal $ — $ — Foreign — — State 98 5 Total current benefit 98 5 Deferred credit Federal (3,978) 31,614 State (2,963) 468 Total deferred credit (6,941) 32,082 Increase (decrease) in deferred tax valuation allowance 6,638 (37,132) Total benefit for income taxes $ (205) $ (5,045)
Schedule of tax effects of the temporary differences and NOL's that give rise to significant portions of deferred tax assets and liabilities	As of December 31, 2018 2017 Noncurrent deferred income tax assets: Net operating loss carryforwards $ 63,906 $ 56,619 Intangible assets 7,261 6,889 Accrual and reserves 2,502 2,402 Other 19 88 Total noncurrent deferred tax assets 73,688 65,998 Valuation allowance (73,129) (66,491) Noncurrent deferred tax assets, net of valuation allowance 559 (493) Noncurrent deferred income tax liabilities: Fixed assets 593 (152) Intangible assets — — Total noncurrent deferred tax liabilities 593 (152) Net deferred income tax liability $ (34) $ (341)
Schedule of reconciliation of the beginning and ending amounts of the valuation	Valuation allowance as of December 31, 2017 $ (66,491) Gross increase for current year activity (6,638) Valuation allowance as of December 31, 2018 $ (73,129)
Schedule of reconciliation between the statutory U.S. federal income tax rate and the Company's effective income tax rate	For the Year Ended December 31, 2018 2017 Statutory U.S. federal income tax rate 21.0 % 34.0 % State and local income taxes, net of federal income tax benefit 3.2 3.4 Permanent differences (4.4) (1.2) Change in valuation allowance (18.7) 446.7 Change in uncertain tax positions 0.0 0.5 Other (0.3) 0.1 Effect of U.S. tax rate change 0.0 (422.6) Effective income tax rate 0.8 % 60.9 %
Schedule of changes in the Company's uncertain income tax positions	For the Year Ended December 31, 2018 2017 Beginning balance $ 1 $ 27 Tax positions related to current year: Additions — — Reductions — — — — Tax positions related to prior years: Additions — — Reductions — — Settlements — — Lapses in statutes of limitations (1) (26) Additions from current year acquisitions — — (1) (26) Ending balance $ — $ 1

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2018
SHARE-BASED COMPENSATION
Schedule of stock option activity	Weighted Average Aggregate Intrinsic Weighted Average Remaining Value Options Exercise Price Contractual Term (in thousands) Outstanding as of December 31, 2017 67,188 $ 24.65 Expired (10,326) 77.47 Outstanding as of December 31, 2018 56,862 $ 15.06 2.72 $ — Exercisable as of December 31, 2018 56,862 $ 15.06 2.72 $ —
Summary of information with respect to all outstanding and exercisable stock options	Options Outstanding Options Exercisable Weighted Average Number of options Weighted Average Remaining Number Weighted Average Exercise Price or Range outstanding Exercise Price Contractual Term Exercisable Exercise Price $3.39 - $13.50 49,039 $ 6.47 2.99 years 49,039 $ 6.47 $54.40 - $99.90 7,823 68.94 0.99 years 7,823 68.94 56,862 $ 15.06 2.72 years 56,862 $ 15.06
Schedule of RSU activity	Weighted Average Grant-Date Fair Value Number of Shares Per Share Unvested as of December 31, 2017 512,142 $ 4.57 Granted 565,964 $ 2.42 Vested (202,713) $ 4.41 Forfeited (69,549) $ 3.85 Unvested as of December 31, 2018 805,844 $ 3.16
Schedule of share-based compensation expense, net of taxes withheld	For the Years Ended December 31, 2018 2017 Share-based compensation expense: Cost of sales $ 99 $ 101 Selling, general and administrative 704 712 Net effect of share-based compensation expense on net income $ 803 $ 813 Reduction in earnings per share: Basic earnings per share $ 0.05 $ 0.05 Diluted earnings per share $ 0.05 $ 0.05 (1) Income tax benefit is not illustrated because the Company is currently in a full tax valuation allowance position and an actual income tax benefit was not realized for the years ended December 31, 2018 and 2017. The result of the income (loss) situation creates a timing difference, resulting in a deferred tax asset, which is fully reserved for in the Company’s valuation allowance.

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
	Dec. 31, 2018
SEGMENT REPORTING
Schedule of financial information by reportable segment	Towers and Process Heavy Fabrications Gearing Systems Corporate Eliminations Consolidated For the Year Ended December 31, 2018 Revenues from external customers $ 68,773 $ 38,376 $ 18,231 $ — $ — $ 125,380 Intersegment revenues 42 — 88 — (130) — Net revenues 68,815 38,376 18,319 — (130) 125,380 Operating (loss) profit (4,346) 51 (16,442) (4,329) — (25,066) Depreciation and amortization 4,986 2,255 1,709 233 — 9,183 Capital expenditures 1,441 706 31 146 — 2,324 Total assets 32,866 37,028 13,731 243,867 (228,327) 99,165 Towers and Process Heavy Fabrications Gearing Systems Corporate Eliminations Consolidated For the Year Ended December 31, 2017 Revenues from external customers $ 103,389 $ 26,006 17,390 $ — $ — $ 146,785 Operating (loss) profit 2,667 (2,632) (2,269) (5,199) — (7,433) Depreciation and amortization 4,638 2,430 1,706 225 — 8,999 Capital expenditures 5,355 726 426 181 — 6,688 Assets held for sale — 560 — 20 — 580 Total assets 27,958 38,016 26,442 249,346 (229,412) 112,350

QUARTERLY FINANCIAL SUMMARY (_2

QUARTERLY FINANCIAL SUMMARY (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2018
QUARTERLY FINANCIAL SUMMARY (UNAUDITED)
Summary of selected financial results of operations	2018 First Second Third Fourth Revenues $ 29,967 $ 36,781 $ 31,445 $ 27,187 Gross (loss) profit (132) 2,223 1,486 (512) Operating loss (4,537) (5,736) (2,612) (12,181) Loss from continuing operations, net of tax (4,811) (6,083) (750) (12,358) Net loss (4,838) (6,116) (783) (12,409) Loss from continuing operations per share: Basic $ (0.32) $ (0.40) $ (0.05) $ (0.79) Diluted $ (0.32) $ (0.40) $ (0.05) $ (0.79) Net loss per share: Basic $ (0.32) $ (0.40) $ (0.05) $ (0.79) Diluted $ (0.32) $ (0.40) $ (0.05) $ (0.79) 2017 First Second Third Fourth Revenues $ 56,060 $ 43,362 $ 29,595 $ 17,768 Gross profit (loss) 6,374 3,872 1,014 (3,101) Operating (loss) profit 1,603 (516) (1,831) (6,689) (Loss) income from continuing operations, net of tax 6,482 (688) (2,049) (6,928) Net (loss) income 6,327 (780) (2,207) (6,981) (Loss) income from continuing operations per share: Basic $ 0.43 $ (0.05) $ (0.14) $ (0.45) Diluted $ 0.43 $ (0.05) $ (0.14) $ (0.45) Net (loss) income per share: Basic $ 0.42 $ (0.05) $ (0.15) $ (0.46) Diluted $ 0.42 $ (0.05) $ (0.15) $ (0.46)

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)	12 Months Ended
	Dec. 31, 2018
BUSINESS COMBINATIONS
Summary of preliminary purchase price allocation based on estimated fair values of assets acquired and liabilities assumed as of the acquisition date	The purchase price allocation as of March 31, 2017 and December 31, 2017 is as follows (in thousands): Allocation as of 3/31/2017 Measurement Period Adjustments Allocation as of 12/31/2017 Assets acquired and liabilities assumed: Cash and cash equivalents $ 63 $ (63) $ - Receivables 2,796 (96) 2,700 Inventories 4,998 179 5,177 Property and equipment 462 - 462 Noncompete agreements 170 - 170 Customer relationships 12,000 - 12,000 Trade names 1,100 - 1,100 Goodwill 5,568 (575) 4,993 Accounts payable (1,354) 2 (1,352) Accrued expenses (809) (67) (876) Deferred tax liabilities (5,391) - (5,391) Total purchase price $ 19,603 $ (620) $ 18,983

RESTRUCTURING (Tables)

RESTRUCTURING (Tables)	12 Months Ended
	Dec. 31, 2018
RESTRUCTURING
Schedule of total restructuring charges incurred to date and the total expected restructuring charges	Year Ended December 31, 2018 Cost of sales: Facility costs $ 249 Moving and remediation 33 Salary and severance 17 Depreciation 332 Total cost of sales 631 Selling, general, and administrative expenses: Salary and severance 37 Total selling, general, and administrative expenses 37 Grand Total $ 668

DESCRIPTION OF BUSINESS AND S_4

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ / shares in Units, $ in Thousands	Jul. 31, 2018USD ($)$ / shares	Oct. 26, 2016USD ($)	Oct. 31, 2016USD ($)	Dec. 31, 2018USD ($)segment$ / shares	Dec. 31, 2018USD ($)$ / sharesshares	Dec. 31, 2018USD ($)$ / sharesMW	Dec. 31, 2018USD ($)facility$ / shares	Dec. 31, 2018USD ($)$ / shares	Dec. 31, 2018USD ($)item$ / shares	Dec. 31, 2018USD ($)$ / shares	Dec. 31, 2017USD ($)$ / shares	Feb. 25, 2019USD ($)	Mar. 31, 2017USD ($)
Description of Business
Number of reportable segments | segment				3
Liquidity
Cash and cash equivalents and short-term investments				$ 1,177	$ 1,177	$ 1,177	$ 1,177	$ 1,177	$ 1,177	$ 1,177
Increase (decrease) in Cash and cash equivalents and Short-term investments											$ 1,099
Current borrowing capacity				10,319	10,319	10,319	10,319	10,319	10,319	10,319
Outstanding indebtedness under the Credit Facility				11,000	11,000	11,000	11,000	11,000	11,000	11,000	10,733
Long-term Debt, Current Maturities											114
Inventories, net				22,670	22,670	22,670	22,670	22,670	22,670	22,670	19,279
Increase (Decrease) in inventories										2,944	$ (7,057)
Total debt and capital lease obligations				14,876	14,876	14,876	14,876	14,876	14,876	14,876
Long-term Debt and Capital Lease Obligations, Repayments of Principal in Next Twelve Months				$ 12,897	$ 12,897	$ 12,897	$ 12,897	$ 12,897	$ 12,897	$ 12,897
Common stock, par value (in dollars per share) | $ / shares	$ 0.001			$ 0.001	$ 0.001	$ 0.001	$ 0.001	$ 0.001	$ 0.001	$ 0.001	$ 0.001
Proceeds from issuance of stock										$ 33
Sales agent commission percentage								3.00%
Sale of common stock, net of expenses (shares) | shares					15,112
Commission paid to agent										1
ATM common stock available for issuance				$ 9,967	$ 9,967	$ 9,967	$ 9,967	$ 9,967	$ 9,967	9,967
NMTC note payable				13,338	13,338	13,338	13,338	13,338	13,338	13,338
Cash and Cash Equivalents and Short-Term Investments
Cash and cash equivalents				$ 1,177	$ 1,177	$ 1,177	$ 1,177	$ 1,177	$ 1,177	1,177	$ 78
Interest income										$ 5	$ 5
Credit facility
Liquidity
Maximum borrowing capacity		$ 20,000	$ 10,000									$ 35,000	$ 25,000
Maximum borrowing capacity of the face value of eligible A/R (as a percent)		85.00%	85.00%
Maximum percentage of book value of inventories that may be financed			50.00%	50.00%	50.00%	50.00%	50.00%	50.00%	50.00%	50.00%
Long-term Line of Credit				$ 11,000	$ 11,000	$ 11,000	$ 11,000	$ 11,000	$ 11,000	$ 11,000
Current borrowing capacity				10,319	10,319	10,319	10,319	10,319	10,319	10,319
Outstanding indebtedness under the Credit Facility				0	0	$ 0	$ 0	0	$ 0	0
Maximum borrowing capacity of the face value of machinery, equipment and property that may be financed		50.00%	50.00%
Towers and Heavy Fabrications
Description of Business
Number of facilities | facility							2
Number of tower sections							1,650		1,650
New Markets Tax Credit Transaction
Principles of Consolidation and Basis of Presentation
Number of VIE's | item									2
Minimum | Towers and Heavy Fabrications
Description of Business
Power generating capacity of turbines that towers produced annually can support (in megawatts) | MW						1,100
Maximum
Liquidity
Proceeds from issuance of stock	$ 10,000
Maximum | Credit facility
Liquidity
Maximum borrowing capacity				$ 10,000	$ 10,000	$ 10,000	$ 10,000	$ 10,000	$ 10,000	$ 10,000
Maximum | Towers and Heavy Fabrications
Description of Business
Annual tower production capacity (in towers) | item									550

DESCRIPTION OF BUSINESS AND S_5

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - A/R, Allowances of A/R and PPE - (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)item	Dec. 31, 2017USD ($)item
Accounts Receivable
Number of days for evaluating significant balances for credit risk	30 days
Number of largest customers | item	5	5
Allowance for Doubtful Accounts
Bad debt (recoveries) expense	$ (34)
Bad debt (recoveries) expense		$ 80
LONG-LIVED ASSETS
Depreciation & amortization expense	7,299	7,235
Interest cost capitalized	$ 0	$ 0
Consolidated revenues | Customer concentration
Accounts Receivable
Concentration risk (as a percent)	78.00%	85.00%
Outstanding A/R balances | Customer concentration
Accounts Receivable
Concentration risk (as a percent)	54.00%	57.00%

DESCRIPTION OF BUSINESS AND S_6

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Summary of Warranty Liability - (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Changes in the carrying amount of the total product warranty liability
Balance, beginning of period	$ 581	$ 671
Addition to (reduction of) warranty reserve	(350)	(28)
Warranty claims	(5)	(62)
Balance, end of period	$ 226	$ 581
Minimum
Warranty Liability
Term of warranty	1 year
Maximum
Warranty Liability
Term of warranty	5 years

REVENUES (Details)

REVENUES (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Disaggregation of Revenue [Line Items]
Revenues	$ 27,187	$ 31,445	$ 36,781	$ 29,967	$ 17,768	$ 29,595	$ 43,362	$ 56,060	$ 125,380	$ 146,785
Revenue remaining performance obligation, practical expedient									true
Eliminations
Disaggregation of Revenue [Line Items]
Revenues									$ (130)
Towers and Heavy Fabrications
Disaggregation of Revenue [Line Items]
Revenues									68,815	103,389
Gearing
Disaggregation of Revenue [Line Items]
Revenues									38,376	26,006
Process Systems
Disaggregation of Revenue [Line Items]
Revenues									$ 18,319	$ 17,390

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
NET LOSS PER COMMON SHARE—BASIC:
Net loss	$ (12,409)	$ (783)	$ (6,116)	$ (4,838)	$ (6,981)	$ (2,207)	$ (780)	$ 6,327	$ (24,146)	$ (3,641)
Weighted average number of common shares outstanding									15,468,975	15,053,049
Basic net (loss) income per share	$ (0.79)	$ (0.05)	$ (0.40)	$ (0.32)	$ (0.46)	$ (0.15)	$ (0.05)	$ 0.42	$ (1.56)	$ (0.24)
NET LOSS PER COMMON SHARE—DILUTED:
Net (loss) income									$ (24,146)	$ (3,641)
Weighted average number of common shares outstanding									15,468,975	15,053,049
Weighted average number of common shares outstanding									15,468,975	15,053,049
Diluted net (loss) income per share	$ (0.79)	$ (0.05)	$ (0.40)	$ (0.32)	$ (0.46)	$ (0.15)	$ (0.05)	$ 0.42	$ (1.56)	$ (0.24)
Stock options and restricted stock units granted and outstanding excluded from the computation of diluted earnings per share, due to the anti-dilutive effect (in shares)									862,706	579,330

DISCONTINUED OPERATIONS (Detail

DISCONTINUED OPERATIONS (Details) $ in Thousands	Sep. 30, 2015item	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
DISCONTINUED OPERATIONS
Loss from discontinued operations		$ 144	$ 458
Results of operations, which are reflected as discontinued operations
LOSS FROM DISCONTINUED OPERATIONS		(144)	(458)
Minimum
DISCONTINUED OPERATIONS
Number of third-party purchasers | item	1
Discontinued Operations, Held-for-sale
Assets:
Accounts receivable, net			11
Inventories, net			9
Assets Held For Sale Related To Discontinued Operations			20
Liabilities:
Accrued liabilities		26	27
Customer deposits and other current obligations		1	3
Total Liabilities Held For Sale Related To Discontinued Operations		27	30
Service Segment
DISCONTINUED OPERATIONS
Loss from discontinued operations		144	458
Results of operations, which are reflected as discontinued operations
Revenues		3	151
Cost of sales		(132)	(391)
Selling, general and administrative		(15)	(57)
Impairment of held for sale assets and liabilities and gain on sale of assets			(161)
LOSS FROM DISCONTINUED OPERATIONS		$ (144)	$ (458)

RECENT ACCOUNTING PRONOUNCEME_2

RECENT ACCOUNTING PRONOUNCEMENTS (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)
Impairment charges	$ 4,993
Accounting Standards Update 2017-04 [Member] | Adjustments for New Accounting Principle, Early Adoption [Member]
Impairment charges	$ 4,993

ALLOWANCE FOR DOUBTFUL ACCOUN_3

ALLOWANCE FOR DOUBTFUL ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Activity in the accounts receivable allowance from continuing operations
Balance at beginning of period	$ 225	$ 145
(Recoveries) bad debt expense		80
Bad debt (recoveries) expense	(34)
Write-offs	(1)
Balance at end of period	$ 190	$ 225

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
INVENTORIES
Raw materials	$ 16,394	$ 11,945
Work-in-process	5,426	6,305
Finished goods	2,958	3,538
Gross inventories	24,778	21,788
Less: Reserve for excess and obsolete inventory	(2,108)	(2,509)
Net inventories	$ 22,670	$ 19,279

LONG-LIVED ASSETS (Details)

LONG-LIVED ASSETS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
PROPERTY AND EQUIPMENT
Property and equipment, gross	$ 143,172	$ 145,734
Less-accumulated depreciation and amortization	(94,085)	(90,041)
Property and equipment, net	49,087	55,693
Commitments within construction in progress	80	132
Land
PROPERTY AND EQUIPMENT
Property and equipment, gross	1,423	1,423
Buildings
PROPERTY AND EQUIPMENT
Property and equipment, gross	$ 20,747	22,998
Life	39 years
Machinery and equipment
PROPERTY AND EQUIPMENT
Property and equipment, gross	$ 107,469	103,878
Machinery and equipment | Minimum
PROPERTY AND EQUIPMENT
Life	2 years
Machinery and equipment | Maximum
PROPERTY AND EQUIPMENT
Life	10 years
Office furniture and equipment
PROPERTY AND EQUIPMENT
Property and equipment, gross	$ 4,387	4,202
Office furniture and equipment | Minimum
PROPERTY AND EQUIPMENT
Life	3 years
Office furniture and equipment | Maximum
PROPERTY AND EQUIPMENT
Life	7 years
Leasehold improvements
PROPERTY AND EQUIPMENT
Property and equipment, gross	$ 8,974	9,095
Construction in progress
PROPERTY AND EQUIPMENT
Property and equipment, gross	$ 172	$ 4,138

LONG-LIVED ASSETS - Intangible

LONG-LIVED ASSETS - Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Mar. 31, 2017
INTANGIBLE ASSETS
Goodwill	$ 4,993	$ 4,993
Cost Basis	25,248	25,248
Accumulated Amortization	(11,054)	(9,170)
Net Book Value	$ 6,602	$ 16,078
Remaining Weighted Average Amortization Period	6 years 6 months	8 years 9 months 18 days
Impairment of assets	$ (7,592)
Amortization expense	1,884	$ 1,764
Impairment of goodwill	4,993
Estimated future amortization expense
2,019	812
2,020	812
2,021	812
2,022	812
2,023	786
2024 and thereafter	2,568
Net Book Value	6,602	16,078
Gearing
INTANGIBLE ASSETS
Impairment of assets	$ 0	0
Minimum
INTANGIBLE ASSETS
Estimated useful life	6 years
Maximum
INTANGIBLE ASSETS
Estimated useful life	20 years
Noncompete agreements
INTANGIBLE ASSETS
Cost Basis	$ 170	170
Accumulated Amortization	(54)	(26)
Net Book Value	$ 116	$ 144
Remaining Weighted Average Amortization Period	4 years 1 month 6 days	5 years 1 month 6 days
Estimated future amortization expense
Net Book Value	$ 116	$ 144
Customer relationships
INTANGIBLE ASSETS
Cost Basis	15,979	15,979
Accumulated Amortization	(6,369)	(4,992)
Net Book Value	$ 2,018	$ 10,987
Remaining Weighted Average Amortization Period	6 years 9 months 18 days	8 years
Impairment of assets	$ (7,592)
Estimated future amortization expense
Net Book Value	2,018	$ 10,987
Trade names
INTANGIBLE ASSETS
Cost Basis	9,099	9,099
Accumulated Amortization	(4,631)	(4,152)
Net Book Value	$ 4,468	$ 4,947
Remaining Weighted Average Amortization Period	9 years 6 months	10 years 6 months
Estimated future amortization expense
Net Book Value	$ 4,468	$ 4,947
Red Wolf
INTANGIBLE ASSETS
Goodwill	$ 4,993	$ 4,993	$ 5,568
Remaining Weighted Average Amortization Period	9 years 4 months 24 days
Impairment of assets	$ 0
Red Wolf | Minimum
INTANGIBLE ASSETS
Estimated useful life	4 years
Red Wolf | Maximum
INTANGIBLE ASSETS
Estimated useful life	10 years
Red Wolf | Noncompete agreements
INTANGIBLE ASSETS
Remaining Weighted Average Amortization Period	6 years
Red Wolf | Customer relationships
INTANGIBLE ASSETS
Remaining Weighted Average Amortization Period	9 years
Red Wolf | Trade names
INTANGIBLE ASSETS
Remaining Weighted Average Amortization Period	14 years
Measurement Input, Discount Rate | Red Wolf
INTANGIBLE ASSETS
Weighted average cost of capital	15.00%
Measurement Input, Discount Rate | Red Wolf | Customer relationships
INTANGIBLE ASSETS
Weighted average cost of capital	18.50%
Measurement Input, Discount Rate | Red Wolf | Goodwill
INTANGIBLE ASSETS
Weighted average cost of capital	18.60%

ACCRUED LIABILITIES (Details)

ACCRUED LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
ACCRUED LIABILITIES
Accrued payroll and benefits	$ 2,126	$ 1,797
Accrued property taxes		144
Income taxes payable	66	77
Accrued professional fees	101	40
Accrued warranty liability	226	581	$ 671
Accrued self-insurance reserve	374	812
Accrued other	913	942
Total accrued liabilities	$ 3,806	$ 4,393

DEBT AND CREDIT AGREEMENTS (Det

DEBT AND CREDIT AGREEMENTS (Details) - USD ($) $ in Thousands	Oct. 26, 2016	Oct. 31, 2016	Sep. 30, 2018	Dec. 31, 2018	Feb. 25, 2019	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Credit Facilities
Line of credit				$ 11,000		$ 10,733
Less: Current portion				(11,930)		(14,252)
Long-term debt, net of current maturities				1,408		797
Current borrowing capacity				10,319
Extinguishment gain				2,249
Current maturities of long-term debt						114
Future annual principal payments
2,019				12,045
2,020				913
2,021				266
2,022				114
Total				13,338
New Markets Tax Credit Transaction
Credit Facilities
NMTC note payable				2,600		2,600
Extinguishment gain			$ 2,249
Capital Expenditure loan
Credit Facilities
Long-term debt				1,882		1,146
Current maturities of long-term debt				$ 930		804
Interest rate (as a percent)				5.00%
Capital Expenditure loan | Minimum
Credit Facilities
Monthly payments on notes payable				$ 3
Capital Expenditure loan | Maximum
Credit Facilities
Monthly payments on notes payable				36
Development Corporation of Abilene loan
Credit Facilities
Long-term debt				456		570		$ 570
Loan forgiven				114
Credit facility
Credit Facilities
Line of credit				$ 0
Maximum borrowing capacity	$ 20,000	$ 10,000			$ 35,000		$ 25,000
Line of credit facilities, term of credit agreements	3 years
Maximum borrowing capacity of the face value of eligible A/R (as a percent)	85.00%	85.00%
Maximum percentage of book value of inventories that may be financed		50.00%		50.00%
Maximum borrowing capacity of the face value of machinery, equipment and property that may be financed	50.00%	50.00%
Annual unused line fee (as a percent)	0.50%
Current borrowing capacity				$ 10,319
Credit facility | Minimum
Credit Facilities
Variable rate basis	2.25%
Interest rate margin (as a percent)	0.00%
Credit facility | Maximum
Credit Facilities
Maximum borrowing capacity				$ 10,000
Variable rate basis	3.00%
Interest rate margin (as a percent)	1.00%
Term loans and notes payable | New Markets Tax Credit Transaction
Credit Facilities
NMTC note payable						$ 2,600

LEASES (Details)

LEASES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
LEASES
Rental expense	$ 3,654	$ 3,378
Minimum
LEASES
Operating lease term	3 years
Maximum
LEASES
Operating lease term	15 years

LEASES - Capital and Operating

LEASES - Capital and Operating Leases - (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Cost basis and accumulated depreciation of assets recorded under capital leases
Depreciation expense recorded under capital leases	$ 7,299	$ 7,235
Capital Leases
2,019	1,057
2,020	376
2,021	252
Total	1,685
Less-portion representing interest at a weighted average annual rate of 5.0%	(147)
Principal	1,538
Less-current portion	(967)	(762)
Capital lease obligations, noncurrent portion	$ 571	941
Weighted average annual interest rate (as a percent)	5.00%
Operating Leases
2,019	$ 3,524
2,020	2,784
2,021	2,334
2,022	2,333
2,023	2,213
2024 and thereafter	6,340
Total future minimum lease payments	19,528
Total
2,019	4,581
2,020	3,160
2,021	2,586
2,022	2,333
2,023	2,213
2024 and thereafter	6,340
Future minimum lease payments	21,213
Capital leases
Cost basis and accumulated depreciation of assets recorded under capital leases
Cost	4,354	2,460
Accumulated depreciation	(951)	(424)
Net book value	3,403	2,036
Depreciation expense recorded under capital leases	$ 527	$ 295

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
Environmental Compliance and Remediation Liabilities
Proceeds from sale of Cicero Avenue Facility	$ 583	$ 676	$ 72
Liquidated Damages
Liquidated damages		0	$ 0
Reserve for liquidated damages		$ 0
Minimum
Warranty Liability
Term of warranty		1 year
Maximum
Warranty Liability
Term of warranty		5 years

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Collective Bargaining Agreements (Details) - Total Company Employees - Coverage under collective bargaining agreements	12 Months Ended
	Dec. 31, 2018agreement
Collective bargaining agreements
Percentage of company's employees covered	23.00%
Number of agreements	2

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Tax Credit Program and Worker's Compensation Reserves (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2018	Dec. 31, 2017	Jul. 20, 2011
New Markets Tax Credit program
Extinguishment gain		$ 2,249
Workers' Compensation Reserves
Amount accrued for self-insured workers' compensation claims		374	$ 812
New Markets Tax Credit Transaction
New Markets Tax Credit program
Future tax credit that can be generated	$ 3,900	$ 3,900
Tax credit period		7 years
Period which facility must operate and be in compliance	7 years	7 years
Obligation under Put Option	$ 130	$ 130
Extinguishment gain	$ 2,249
New Markets Tax Credit Transaction | Broadwind Services, LLC
New Markets Tax Credit program
Gross loan from AMCREF to Broadwind Services				$ 10,000

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
Gearing Cicero Ave. facility
FAIR VALUE MEASUREMENTS
Gain on sale	$ 23
Nonrecurring
FAIR VALUE MEASUREMENTS
Total assets at fair value		$ 1,852	$ 580
Nonrecurring | Gearing Cicero Ave. facility
FAIR VALUE MEASUREMENTS
Property plant and equipment at fair value		560	560
Nonrecurring | Services assets
FAIR VALUE MEASUREMENTS
Property plant and equipment at fair value			20
Nonrecurring | Level 3
FAIR VALUE MEASUREMENTS
Total assets at fair value		1,852	580
Nonrecurring | Level 3 | Gearing Cicero Ave. facility
FAIR VALUE MEASUREMENTS
Property plant and equipment at fair value			560
Nonrecurring | Level 3 | Services assets
FAIR VALUE MEASUREMENTS
Property plant and equipment at fair value			$ 20
Customer relationships
FAIR VALUE MEASUREMENTS
Finite lived intangible assets at fair Value		1,852
Customer relationships | Level 3
FAIR VALUE MEASUREMENTS
Finite lived intangible assets at fair Value		$ 1,852

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Current provision
State	$ 98	$ 5
Total current (benefit) provision	98	5
Deferred credit
Federal	(3,978)	31,614
State	(2,963)	468
Total deferred credit	(6,941)	32,082
Increase (decrease) in deferred tax valuation allowance	6,638	(37,132)
Total benefit for income taxes	(205)	$ (5,045)
Other tax expense (benefit)	$ 5,060

INCOME TAXES - Operating Loss C

INCOME TAXES - Operating Loss Carryforwards, Summary of Deferred Taxes and Temporary Tax Differences (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Noncurrent deferred income tax assets:
Net operating loss carryforwards	$ 63,906	$ 56,619
Intangible assets	7,261	6,889
Accrual and reserves	2,502	2,402
Other	19	88
Total noncurrent deferred tax assets	73,688	65,998
Valuation allowance	(73,129)	(66,491)
Noncurrent deferred tax assets, net of valuation allowance	559
Noncurrent deferred income tax liabilities:
Noncurrent deferred tax assets, net of valuation allowance		(493)
Fixed assets	593
Fixed assets		(152)
Total noncurrent deferred tax liabilities		(152)
Total noncurrent deferred tax liabilities	593
Net deferred income tax liability	(34)	(341)
Reconciliation of the valuation allowances
Valuation allowance at the beginning of the period	(66,491)
Gross increase for current year activity	(6,638)	37,132
Valuation allowance at the end of the period	(73,129)	$ (66,491)
Federal
Operating loss carryforwards
Net operating loss carryforwards	248,717
State
Operating loss carryforwards
Net operating loss carryforwards	$ 228,787

INCOME TAXES - Tax Statutory Ra

INCOME TAXES - Tax Statutory Rate Reconciliation and Changes in Uncertain Income Tax Positions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Reconciliation of the tax (benefit) provision computed at the statutory rate to the effective tax rate
Statutory U.S. federal income tax rate (as a percent)	21.00%	34.00%
State and local income taxes, net of federal income tax benefit (as a percent)	3.20%	3.40%
Permanent differences (as a percent)	(4.40%)	(1.20%)
Change in valuation allowance (as a percent)	(18.70%)	446.70%
Change in uncertain tax positions (as a percent)	0.00%	0.50%
Other (as a percent)	(0.30%)	0.10%
Effect of U.S. tax rate change	0.00%	(422.60%)
Effective income tax rate (as a percent)	0.80%	60.90%
Changes in the uncertain income tax positions
Beginning balance	$ 1	$ 27
Tax positions related to prior years:
Lapses in statutes of limitations	(1)	(26)
Total	(1)	(26)
Ending balance		1
Amount of unrecognized tax benefits that would affect the effective tax rate if the tax benefits were recognized	0
Penalties and Interest Accrued	$ 0	$ 0

INCOME TAXES - Tax Summary of S

INCOME TAXES - Tax Summary of Stockholder Rights Plan (Details) $ / shares in Units, $ in Thousands	Feb. 13, 2013item$ / sharesshares	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Rights Plan
Annual limitation on net operating losses		$ 14,284
Unrecognized tax benefits			$ 1	$ 27
Unrecognized tax benefits, including accrued interest and penalties			1
Accrued interest or penalties related to uncertain tax positions recognized		0	$ 1
Favorable Tax Impact Member
Rights Plan
Unrecognized tax benefits, including accrued interest and penalties		$ 0
Series A Junior Participating Preferred Stock
Rights Plan
Number of rights for each outstanding share of common stock | item	1
Number of preferred share purchase rights for each outstanding share of the company's common stock | shares	0.001
Exercise price (in dollars per right) | $ / shares	$ 4.25
Series A Junior Participating Preferred Stock | Minimum
Rights Plan
Threshold percentage of beneficial ownership for significant dilution of ownership interest	4.90%
Current beneficial ownership percentage that will not trigger the preferred share purchase rights unless they acquire additional shares	4.90%
Series A Junior Participating Preferred Stock | Maximum
Rights Plan
Beneficial ownership percentage of any person or group, together with its affiliates and associates	4.90%

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details) - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
2007 EIP
SHARE-BASED COMPENSATION
Number of shares of common stock reserved for grants	691,051
Common stock issued under share-based compensation plan	253,659
2012 EIP
SHARE-BASED COMPENSATION
Number of shares of common stock reserved for grants	1,200,000
Common stock issued under share-based compensation plan	635,089
2015 EIP
SHARE-BASED COMPENSATION
Number of shares of common stock reserved for grants	1,100,000
Common stock issued under share-based compensation plan	343,429
Stock Options
SHARE-BASED COMPENSATION
Expiration term	10 years
Summary of the stock option activity
Outstanding at the beginning of the period (in shares)	67,188
Granted (in shares)	0
Expired (in shares)	(10,326)
Outstanding at the end of the period (in shares)	56,862	67,188
Exercisable (in shares)	56,862
Weighted Average Exercise Price
Outstanding at the beginning of the period (in dollars per share)	$ 24.65
Expired (in dollars per share)	77.47
Outstanding at the end of the period (in dollars per share)	15.06	$ 24.65
Exercisable (in dollars per share)	$ 15.06
Weighted Average Remaining Contractual Term
Outstanding at the end of the period	2 years 8 months 19 days	3 years 4 months 21 days
Exercisable	2 years 8 months 19 days
Stock Options | 2007 EIP
SHARE-BASED COMPENSATION
Number of shares reserved	22,733
Stock Options | 2012 EIP
SHARE-BASED COMPENSATION
Number of shares reserved	34,129
Stock Options | Minimum
SHARE-BASED COMPENSATION
Vesting term	1 year
Stock Options | Maximum
SHARE-BASED COMPENSATION
Vesting term	5 years
RSU
Summary of the stock option activity
Outstanding at the beginning of the period (in shares)	512,142
Outstanding at the end of the period (in shares)		512,142
Weighted Average Exercise Price
Outstanding at the beginning of the period (in dollars per share)	$ 4.57
Outstanding at the end of the period (in dollars per share)		$ 4.57
RSU | 2007 EIP
SHARE-BASED COMPENSATION
Number of shares reserved	0
RSU | 2015 EIP
SHARE-BASED COMPENSATION
Number of shares reserved	805,844
RSU | Minimum
SHARE-BASED COMPENSATION
Vesting term	1 year
RSU | Maximum
SHARE-BASED COMPENSATION
Vesting term	5 years

SHARE-BASED COMPENSATION - Opti

SHARE-BASED COMPENSATION - Options Exercise Price Range, Outstanding and Exercisable (Details)	12 Months Ended
	Dec. 31, 2018$ / sharesshares
Options Outstanding
Number of options outstanding (in shares) | shares	56,862
Weighted Average Exercise Price (in dollars per share)	$ 15.06
Weighted Average Remaining Contractual Term	2 years 8 months 19 days
Options Exercisable
Number Exercisable (in shares) | shares	56,862
Weighted Average Exercise Price (in dollars per share)	$ 15.06
$3.39-$13.50
Outstanding and exercisable stock options under the EIP
Exercise price, low end of range (in dollars per share)	3.39
Exercise price, high end of range (in dollars per share)	$ 13.50
Options Outstanding
Number of options outstanding (in shares) | shares	49,039
Weighted Average Exercise Price (in dollars per share)	$ 6.47
Weighted Average Remaining Contractual Term	2 years 11 months 27 days
Options Exercisable
Number Exercisable (in shares) | shares	49,039
Weighted Average Exercise Price (in dollars per share)	$ 6.47
$54.40-$99.90
Outstanding and exercisable stock options under the EIP
Exercise price, low end of range (in dollars per share)	54.40
Exercise price, high end of range (in dollars per share)	$ 99.90
Options Outstanding
Number of options outstanding (in shares) | shares	7,823
Weighted Average Exercise Price (in dollars per share)	$ 68.94
Weighted Average Remaining Contractual Term	11 months 27 days
Options Exercisable
Number Exercisable (in shares) | shares	7,823
Weighted Average Exercise Price (in dollars per share)	$ 68.94

SHARE-BASED COMPENSATION - Summ

SHARE-BASED COMPENSATION - Summary of Restricted Stock Units (Details) - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Stock Options
Weighted Average Grant-Date Fair Value Per Share
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0
Forfeiture rate (as percent)	25.00%	25.00%
RSU
Summary of the restricted stock unit activity
Granted (in shares)	565,964
Vested (in shares)	(202,713)
Forfeited (in shares)	(69,549)
Unvested at the end of the period (in shares)	805,844
Weighted Average Grant-Date Fair Value Per Share
Granted (in dollars per share)	$ 2.42
Vested (in dollars per share)	4.41
Forfeited (in dollars per share)	3.85
Unvested at the end of the period (in dollars per share)	$ 3.16

SHARE-BASED COMPENSATION - Su_2

SHARE-BASED COMPENSATION - Summary of Share-Based Compensation Expense (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
		Dec. 31, 2018	Dec. 31, 2017
Summary of share-based compensation expense
Benefit for income taxes		$ (205)	$ (5,045)
Net effect of share-based compensation expense on net loss	[1]	$ 803	$ 813
Basic earnings per share		$ 0.05	$ 0.05
Diluted earnings per share		$ 0.05	$ 0.05
Pre-tax compensation expense for all unvested share-based awards		$ 1,132
Cost of sales
Summary of share-based compensation expense
Share-based compensation expense		99	$ 101
Selling, general and administrative
Summary of share-based compensation expense
Share-based compensation expense		$ 704	$ 712
[1]	Income tax benefit is not illustrated because the Company is currently in a full tax valuation allowance position and an actual income tax benefit was not realized for the years ended December 31, 2018 and 2017. The result of the income (loss) situation creates a timing difference, resulting in a deferred tax asset, which is fully reserved for in the Company’s valuation allowance.

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018USD ($)	Sep. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Sep. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2018USD ($)segment	Dec. 31, 2018USD ($)MW	Dec. 31, 2018USD ($)facility	Dec. 31, 2018USD ($)item	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
SEGMENT REPORTING
Number of reportable segments | segment									3
Revenues from external customers													$ 125,380	$ 146,785
Net revenues	$ 27,187	$ 31,445	$ 36,781	$ 29,967	$ 17,768	$ 29,595	$ 43,362	$ 56,060					125,380	146,785
Operating (loss) profit	(12,181)	$ (2,612)	$ (5,736)	$ (4,537)	(6,689)	$ (1,831)	$ (516)	$ 1,603					(25,066)	(7,433)
Depreciation and amortization													9,183	8,999
Capital expenditures													2,324	6,688
Assets held for sale					580									580
Total Assets	99,165				112,350				$ 99,165	$ 99,165	$ 99,165	$ 99,165	99,165	112,350
Eliminations
SEGMENT REPORTING
Intersegment revenues													(130)
Net revenues													(130)
Total Assets	(228,327)				(229,412)				(228,327)	(228,327)	$ (228,327)	$ (228,327)	(228,327)	(229,412)
Towers and Heavy Fabrications
SEGMENT REPORTING
Number of facilities | facility											2
Number of tower sections											1,650	1,650
Revenues from external customers													68,773	103,389
Intersegment revenues													42
Net revenues													68,815
Operating (loss) profit													(4,346)	2,667
Depreciation and amortization													4,986	4,638
Capital expenditures													1,441	5,355
Total Assets	32,866				27,958				32,866	$ 32,866	$ 32,866	$ 32,866	32,866	27,958
Towers and Heavy Fabrications | Minimum
SEGMENT REPORTING
Power generating capacity of turbines that towers produced annually can support (in megawatts) | MW										1,100
Towers and Heavy Fabrications | Maximum
SEGMENT REPORTING
Annual tower production capacity (in towers) | item												550
Gearing
SEGMENT REPORTING
Revenues from external customers													38,376	26,006
Net revenues													38,376
Operating (loss) profit													51	(2,632)
Depreciation and amortization													2,255	2,430
Capital expenditures													706	726
Assets held for sale					560									560
Total Assets	37,028				38,016				37,028	$ 37,028	37,028	$ 37,028	37,028	38,016
Process Systems
SEGMENT REPORTING
Revenues from external customers													18,231	17,390
Intersegment revenues													88
Net revenues													18,319	17,390
Operating (loss) profit													(16,442)	(2,269)
Depreciation and amortization													1,709	1,706
Capital expenditures													31	426
Total Assets	13,731				26,442				13,731	13,731	13,731	13,731	13,731	26,442
Corporate
SEGMENT REPORTING
Operating (loss) profit													(4,329)	(5,199)
Depreciation and amortization													233	225
Capital expenditures													146	181
Assets held for sale					20									20
Total Assets	$ 243,867				$ 249,346				$ 243,867	$ 243,867	$ 243,867	$ 243,867	$ 243,867	$ 249,346

SEGMENT REPORTING - Summary of

SEGMENT REPORTING - Summary of Major Customers (Details) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018USD ($)	Sep. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Sep. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2018USD ($)customer	Dec. 31, 2017USD ($)customer
SEGMENT REPORTING
Revenues from external customers	$ 27,187	$ 31,445	$ 36,781	$ 29,967	$ 17,768	$ 29,595	$ 43,362	$ 56,060	$ 125,380	$ 146,785
Towers and Heavy Fabrications
SEGMENT REPORTING
Revenues from external customers									$ 68,815
Two customers | Customer concentration | Revenues
SEGMENT REPORTING
Number of major customers | customer									2
Two customers | Customer concentration | Revenues | Minimum
SEGMENT REPORTING
Concentration risk (as a percent)									10.00%
Two customers | Customer concentration | Revenues | Towers and Heavy Fabrications
SEGMENT REPORTING
Revenues from external customers									$ 72,851
Customer One | Customer concentration | Revenues
SEGMENT REPORTING
Number of major customers | customer										1
Customer One | Customer concentration | Revenues | Minimum
SEGMENT REPORTING
Concentration risk (as a percent)										10.00%
Customer One | Customer concentration | Revenues | Towers and Heavy Fabrications
SEGMENT REPORTING
Revenues from external customers										$ 100,413
Five customers | Customer concentration | Revenues
SEGMENT REPORTING
Number of major customers | customer									5	5
Concentration risk (as a percent)									78.00%	85.00%

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)item	Dec. 31, 2017USD ($)
Deferred Compensation Arrangements [Abstract]
Deferred Compensation Arrangement with Individual, Compensation Expense	$ (13)	$ (12)
Deferred Compensation Arrangement with Individual, Recorded Liability	12	24
Contribution expense	$ 812	$ 765
Defined Contribution 401K Safe Harbor Plan [Member]
Deferred Compensation Arrangements [Abstract]
Matching contribution of first 3% of eligible employees' contributions (as a percent)	100.00%
Employer match of employee contributions as first eligible compensation (as a percent)	3.00%
Matching contribution of first 2% of eligible employees' contributions (as a percent)	50.00%
Employer match of employee contributions as next eligible compensation (as a percent)	2.00%
Elective deferrals and basic matching contribution vested (as a percent)	100.00%
Collective Bargaining Arrangement [Member]
Deferred Compensation Arrangements [Abstract]
Number of union locations where discretionary match continued | item	2
Collective Bargaining Arrangement [Member] | Illinois
Deferred Compensation Arrangements [Abstract]
Matching contribution of first 4% of eligible employees' contributions (as a percent)	50.00%
Percentage of eligible employees' contributions matched by the company	4.00%
Collective Bargaining Arrangement [Member] | Pennsylvania
Deferred Compensation Arrangements [Abstract]
Matching contribution of first 3% of eligible employees' contributions (as a percent)	100.00%
Employer match of employee contributions as first eligible compensation (as a percent)	3.00%
Matching contribution of first 2% of eligible employees' contributions (as a percent)	50.00%
Employer match of employee contributions as next eligible compensation (as a percent)	2.00%

NEW MARKETS TAX CREDIT TRANSA_2

NEW MARKETS TAX CREDIT TRANSACTION (Details) $ in Thousands	Jul. 20, 2011USD ($)	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)item	Dec. 31, 2017USD ($)
New Markets Tax Credit Transaction
Extinguishment gain			$ 2,249
New Markets Tax Credit Transaction
New Markets Tax Credit Transaction
Proceeds from transaction	$ 2,280
Gross loan in the principal amount from the Company to COCRF Investor VIII, LLC			$ 7,720
Receivable term			15 years
Interest rate on loan (as a percent)			2.50%
Maximum percentage of a qualified investment available as credit against federal income taxes			39.00%
Potential tax credit that can be generated under the NMTC transaction			$ 3,900
Period which facility must operate and be in compliance		7 years	7 years
Percentage of recapture to which the tax credits are subject			100.00%
Loan origination payment			$ 320
Company's obligation if Capital One exercises its option to put its investment		$ 130	$ 130
Number of pass-through financing entities created under the structure that are deemed variable interest entities | item			2
Issue costs paid to third parties recorded as prepaid expenses	262
Amortization period for prepaid expenses for the NMTC arrangement			7 years
NMTC note payable			$ 2,600	$ 2,600
Extinguishment gain		$ 2,249
Broadwind Services, LLC | New Markets Tax Credit Transaction
New Markets Tax Credit Transaction
Principal amount	$ 10,000
Debt instrument maturity term (in years)			15 years
Interest rate (as a percent)			1.40%

QUARTERLY FINANCIAL SUMMARY (_3

QUARTERLY FINANCIAL SUMMARY (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
QUARTERLY FINANCIAL SUMMARY (UNAUDITED)
Revenues	$ 27,187	$ 31,445	$ 36,781	$ 29,967	$ 17,768	$ 29,595	$ 43,362	$ 56,060	$ 125,380	$ 146,785
Gross profit (loss)	(512)	1,486	2,223	(132)	(3,101)	1,014	3,872	6,374	3,065	8,159
Operating (loss) profit	(12,181)	(2,612)	(5,736)	(4,537)	(6,689)	(1,831)	(516)	1,603	(25,066)	(7,433)
(Loss) income from continuing operations, net of tax	(12,358)	(750)	(6,083)	(4,811)	(6,928)	(2,049)	(688)	6,482	(24,002)	(3,183)
Net (loss) income	$ (12,409)	$ (783)	$ (6,116)	$ (4,838)	$ (6,981)	$ (2,207)	$ (780)	$ 6,327	$ (24,146)	$ (3,641)
(Loss) income from continuing operations per share:
Basic	$ (0.79)	$ (0.05)	$ (0.40)	$ (0.32)	$ (0.45)	$ (0.14)	$ (0.05)	$ 0.43	$ (1.55)	$ (0.21)
Diluted	(0.79)	(0.05)	(0.40)	(0.32)	(0.45)	(0.14)	(0.05)	0.43	(1.55)	(0.21)
Net (loss) income per share:
Basic	(0.79)	(0.05)	(0.40)	(0.32)	(0.46)	(0.15)	(0.05)	0.42	(1.56)	(0.24)
Diluted	$ (0.79)	$ (0.05)	$ (0.40)	$ (0.32)	$ (0.46)	$ (0.15)	$ (0.05)	$ 0.42	$ (1.56)	$ (0.24)

BUSINESS COMBINATIONS (Details)

BUSINESS COMBINATIONS (Details) - USD ($) $ in Thousands	Feb. 01, 2017	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Jun. 30, 2018	Sep. 30, 2017	Mar. 31, 2017
Business Acquisition [Line Items]
Cash paid in acquisition				$ 16,449
Fair value of the contingent consideration		$ 2,534		2,534
Assets acquired and liabilities assumed:
Goodwill		4,993	$ 4,993	$ 4,993
Weighted average amortization period			6 years 6 months	8 years 9 months 18 days
Noncompete agreements
Assets acquired and liabilities assumed:
Weighted average amortization period			4 years 1 month 6 days	5 years 1 month 6 days
Customer relationships
Assets acquired and liabilities assumed:
Weighted average amortization period			6 years 9 months 18 days	8 years
Trade names
Assets acquired and liabilities assumed:
Weighted average amortization period			9 years 6 months	10 years 6 months
Red Wolf
Business Acquisition [Line Items]
Cash paid in acquisition	$ 16,449
Fair value of the contingent consideration	2,534
Consideration recorded in accrued liabilities						$ 1,394
Annual earn out payments			$ 4,950
Consideration recorded in other long term liabilities					$ 1,140
Assets acquired and liabilities assumed:
Cash and cash equivalents							$ 63
Adjustments-Cash and cash equivalents		(63)
Receivables		2,700		$ 2,700			2,796
Adjustments-Receivables		(96)
Inventories		5,177		5,177			4,998
Adjustments-Inventories		179
Property and equipment		462		462			462
Goodwill		4,993	$ 4,993	4,993			5,568
Adjustments-Goodwill		(575)
Accounts payable		(1,352)		(1,352)			(1,354)
Adjustments-Accounts payable		2
Accrued expenses		(876)		(876)			(809)
Adjustments-Accrued expenses		(67)
Deferred tax liabilities		(5,391)		(5,391)			(5,391)
Total purchase price		18,983		18,983			19,603
Adjustments-Total purchase price		(620)
Weighted average amortization period			9 years 4 months 24 days
Transaction and integration costs		182		182
Revenue				15,868
Net loss				146
Red Wolf | Noncompete agreements
Assets acquired and liabilities assumed:
Intangible assets, net		170		170			170
Weighted average amortization period			6 years
Red Wolf | Customer relationships
Assets acquired and liabilities assumed:
Intangible assets, net		12,000		12,000			12,000
Weighted average amortization period			9 years
Red Wolf | Trade names
Assets acquired and liabilities assumed:
Intangible assets, net		$ 1,100		$ 1,100			$ 1,100
Weighted average amortization period			14 years
Red Wolf | Measurement Input, Discount Rate
Business Acquisition [Line Items]
Weighted average cost of capital			15.00%
Red Wolf | Measurement Input, Discount Rate | Customer relationships
Business Acquisition [Line Items]
Weighted average cost of capital			18.50%
Red Wolf | Minimum
Business Acquisition [Line Items]
Fair value of the contingent consideration	0
Red Wolf | Maximum
Business Acquisition [Line Items]
Fair value of the contingent consideration	$ 9,900

RESTRUCTURING (Details)

RESTRUCTURING (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)
RESTRUCTURING
Restructuring Charges	$ 631
CNG and Abilene Heavy Fabrications
RESTRUCTURING
Annual cost savings	575
Restructuring Charges	668
CNG and Abilene Heavy Fabrications | Selling, general and administrative
RESTRUCTURING
Restructuring Charges	37
CNG and Abilene Heavy Fabrications | Facility costs | Cost of sales
RESTRUCTURING
Restructuring Charges	249
CNG and Abilene Heavy Fabrications | Moving and remediation | Cost of sales
RESTRUCTURING
Restructuring Charges	33
CNG and Abilene Heavy Fabrications | Salary and severance | Cost of sales
RESTRUCTURING
Restructuring Charges	17
CNG and Abilene Heavy Fabrications | Salary and severance | Selling, general and administrative
RESTRUCTURING
Restructuring Charges	37
CNG and Abilene Heavy Fabrications | Depreciation | Cost of sales
RESTRUCTURING
Restructuring Charges	332
Towers and Heavy Fabrications | Cost of sales
RESTRUCTURING
Restructuring Charges	$ 631