Broadwind (BWEN) 10-Q 4 Nov 20 2020 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Oct. 30, 2020
Document Information [Line Items]
Entity Registrant Name	BROADWIND, INC.
Entity Central Index Key	0001120370
Trading Symbol	bwen
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		16,937,561
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Sep. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false
Title of 12(b) Security	Common stock, $0.001 par value

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
CURRENT ASSETS:
Cash	$ 2,541	$ 2,416
Accounts receivable, net	24,161	18,310
Contract assets	1,475
Inventories, net	25,480	31,863
Prepaid expenses and other current assets	2,463	2,124
Total current assets	56,120	54,713
LONG-TERM ASSETS:
Property and equipment, net	46,101	46,940
Operating lease right-of-use assets	19,067	15,980
Intangible assets, net	4,369	4,919
Other assets	399	314
TOTAL ASSETS	126,056	122,866
CURRENT LIABILITIES:
Line of credit and other notes payable	8,176	12,917
Current portion of finance lease obligations	1,174	546
Current portion of operating lease obligations	1,588	1,326
Accounts payable	17,631	21,876
Accrued liabilities	5,750	4,911
Customer deposits	18,524	22,717
Total current liabilities	52,843	64,293
LONG-TERM LIABILITIES:
Long-term debt, net of current maturities	9,497	505
Long-term portion of lease obligations, finance leases	1,856	673
Long-term portion of lease obligations, operating leases	19,529	16,591
Other	96	44
Total long-term liabilities	30,978	17,813
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; 17,211,498 and 16,830,930 shares issued as of September 30, 2020, and December 31, 2019, respectively	17	17
Treasury stock, at cost, 273,937 shares as of September 30, 2020 and December 31, 2019	(1,842)	(1,842)
Additional paid-in capital	384,356	383,361
Accumulated deficit	(340,296)	(340,776)
Total stockholders’ equity	42,235	40,760
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 126,056	$ 122,866

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Sep. 30, 2020	Dec. 31, 2019
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	30,000,000	30,000,000
Common stock, shares issued (in shares)	17,211,498	16,830,930
Treasury stock, common shares (in shares)	273,937	273,937

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenues	$ 54,614	$ 46,138	$ 158,174	$ 128,967
Cost of sales	50,876	42,144	142,847	117,532
Restructuring				12
Gross profit	3,738	3,994	15,327	11,423
OPERATING EXPENSES:
Selling, general and administrative	4,030	4,049	12,537	11,772
Intangible amortization	183	203	550	609
Total operating expenses	4,213	4,252	13,087	12,381
Operating (loss) income	(475)	(258)	2,240	(958)
OTHER EXPENSE, net:
Interest expense, net	(507)	(610)	(1,654)	(1,919)
Other, net	(1)	(2)	(3)	(19)
Total other expense, net	(508)	(612)	(1,657)	(1,938)
Net (loss) income before provision for income taxes	(983)	(870)	583	(2,896)
Provision for income taxes	20	28	103	62
NET (LOSS) INCOME	$ (1,003)	$ (898)	$ 480	$ (2,958)
NET (LOSS) INCOME PER COMMON SHARE—BASIC:
Net (loss) income (in dollars per share)	$ (0.06)	$ (0.06)	$ 0.03	$ (0.18)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING—BASIC (in shares)	16,866,134	16,235,961	16,741,481	16,024,217
NET (LOSS) INCOME PER COMMON SHARE—DILUTED:
Net (loss) income (in dollars per share)	$ (0.06)	$ (0.06)	$ 0.03	$ (0.18)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING—DILUTED (in shares)	16,866,134	16,235,961	17,278,401	16,024,217

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
BALANCE (in shares) at Dec. 31, 2018	15,982,622	(273,937)
BALANCE at Dec. 31, 2018	$ 16	$ (1,842)	$ 381,441	$ (336,253)	$ 43,362
Stock issued for restricted stock (in shares)	141,384
Stock issued under defined contribution 401(k) retirement savings plan (in shares)	135,636
Stock issued under defined contribution 401(k) retirement savings plan			187		187
Share-based compensation			255		255
Net income (loss)				(1,042)	(1,042)
BALANCE (in shares) at Mar. 31, 2019	16,259,642	(273,937)
BALANCE at Mar. 31, 2019	$ 16	$ (1,842)	381,883	(337,295)	42,762
BALANCE (in shares) at Dec. 31, 2018	15,982,622	(273,937)
BALANCE at Dec. 31, 2018	$ 16	$ (1,842)	381,441	(336,253)	43,362
Net income (loss)					(2,958)
BALANCE (in shares) at Sep. 30, 2019	16,626,489	(273,937)
BALANCE at Sep. 30, 2019	$ 16	$ (1,842)	382,875	(339,211)	41,838
BALANCE (in shares) at Mar. 31, 2019	16,259,642	(273,937)
BALANCE at Mar. 31, 2019	$ 16	$ (1,842)	381,883	(337,295)	42,762
Stock issued for restricted stock (in shares)	53,740
Stock issued under defined contribution 401(k) retirement savings plan (in shares)	123,727
Stock issued under defined contribution 401(k) retirement savings plan			205		205
Share-based compensation			255		255
Net income (loss)				(1,018)	(1,018)
BALANCE (in shares) at Jun. 30, 2019	16,437,109	(273,937)
BALANCE at Jun. 30, 2019	$ 16	$ (1,842)	382,343	(338,313)	42,204
Stock issued for restricted stock (in shares)	19,436
Stock issued under defined contribution 401(k) retirement savings plan (in shares)	169,944
Stock issued under defined contribution 401(k) retirement savings plan			277		277
Share-based compensation			255		255
Net income (loss)				(898)	(898)
BALANCE (in shares) at Sep. 30, 2019	16,626,489	(273,937)
BALANCE at Sep. 30, 2019	$ 16	$ (1,842)	382,875	(339,211)	41,838
BALANCE (in shares) at Dec. 31, 2019	16,830,930	(273,937)
BALANCE at Dec. 31, 2019	$ 17	$ (1,842)	383,361	(340,776)	40,760
Stock issued for restricted stock (in shares)	83,050
Share-based compensation			308		308
Net income (loss)				954	954
BALANCE (in shares) at Mar. 31, 2020	16,913,980	(273,937)
BALANCE at Mar. 31, 2020	$ 17	$ (1,842)	383,669	(339,822)	42,022
BALANCE (in shares) at Dec. 31, 2019	16,830,930	(273,937)
BALANCE at Dec. 31, 2019	$ 17	$ (1,842)	383,361	(340,776)	40,760
Net income (loss)					480
BALANCE (in shares) at Sep. 30, 2020	17,211,498	(273,937)
BALANCE at Sep. 30, 2020	$ 17	$ (1,842)	384,356	(340,296)	42,235
BALANCE (in shares) at Mar. 31, 2020	16,913,980	(273,937)
BALANCE at Mar. 31, 2020	$ 17	$ (1,842)	383,669	(339,822)	42,022
Stock issued for restricted stock (in shares)	199,636
Share-based compensation			248		248
Net income (loss)				529	529
BALANCE (in shares) at Jun. 30, 2020	17,113,616	(273,937)
BALANCE at Jun. 30, 2020	$ 17	$ (1,842)	383,917	(339,293)	42,799
Stock issued for restricted stock (in shares)	6,401
Share-based compensation			207		207
Net income (loss)				(1,003)	(1,003)
Sale of common stock, net (in shares)	91,481
Sale of common stock, net			232		232
BALANCE (in shares) at Sep. 30, 2020	17,211,498	(273,937)
BALANCE at Sep. 30, 2020	$ 17	$ (1,842)	$ 384,356	$ (340,296)	$ 42,235

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 480	$ (2,958)
Adjustments to reconcile net cash (used in) provided by operating activities:
Depreciation and amortization expense	4,761	5,006
Deferred income taxes	12	(11)
Change in fair value of interest rate swap agreements	161	50
Stock-based compensation	763	765
Allowance for doubtful accounts	47	(30)
Common stock issued under defined contribution 401(k) plan		669
Gain on disposal of assets		(1)
Changes in operating assets and liabilities, net of acquisition:
Accounts receivable	(5,898)	(5,377)
Contract assets	(1,475)
Inventories	6,383	(8,580)
Prepaid expenses and other current assets	(303)	(737)
Accounts payable	(3,900)	6,046
Accrued liabilities	678	1,632
Customer deposits	(4,193)	7,557
Other non-current assets and liabilities	9	303
Net cash (used in) provided by operating activities	(2,475)	4,334
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(1,597)	(1,776)
Proceeds from disposals of property and equipment		1
Net cash used in investing activities	(1,597)	(1,775)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from line of credit	142,348	131,865
Payments on line of credit	(146,216)	(134,136)
Proceeds from long-term debt	9,530
Payments on long-term debt	(1,003)	(698)
Principal payments on finance leases	(694)	(752)
Proceeds from sale of common stock, net	232
Net cash provided by (used in) financing activities	4,197	(3,721)
NET INCREASE (DECREASE) IN CASH	125	(1,162)
CASH beginning of the period	2,416	1,177
CASH end of the period	$ 2,541	$ 15

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	NOTE 1 The unaudited condensed consolidated financial statements presented herein include the accounts of Broadwind, Inc. (the “Company”) and its wholly-owned subsidiaries Broadwind Heavy Fabrications, Inc. (“Broadwind Heavy Fabrications”), Brad Foote Gear Works, Inc. (“Brad Foote”) and Broadwind Industrial Solutions, LLC (“Broadwind Industrial Solutions”). All intercompany transactions and balances have been eliminated. The financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and in accordance with the instructions to Form 10 10 X. not Operating results for the three nine September 30, 2020 not may twelve December 31, 2020, may 10 December 31, 2019 8 April 17, 2020 1A, 19 19, may may 2, 19 The December 31, 2019 not 10 December 31, 2019 There have been no nine September 30, 2020 10 December 31, 2019 Company Description Through its subsidiaries, the Company is a precision manufacturer of structures, equipment and components for clean technology and other specialized applications. The Company provides technologically advanced high value products to customers with complex systems and stringent quality standards that operate in energy, mining and infrastructure sectors, primarily in the United States of America (the “U.S.”). The Company's capabilities include, but are not 72% first nine 2020 Liquidity The Company meets its short term liquidity needs through cash generated from operations, its available cash balances, the Credit Facility (as defined below), equipment financing, and access to the public or private debt and equity markets and has the option to raise capital under the Company's Form S- 3 See Note 7, Total debt and finance lease obligations at September 30, 2020 $20,703, $9,350. $7,649 On August 18, 2020, 3, October 13, 2020 ( 3” October 12, 2023. one 3 August 11, 2017, October 10, 2017 October 10, 2020. On July 31, 2018, may $0.001 $10,000. 3% not 2019. September 30, 2020, 91,481 $321 $10. October 12, 2020. In April 2020, $9,530 $379 May 13, 2020. 7, The Company anticipates that current cash resources (which includes proceeds from the PPP Loans), amounts available under the Credit Facility, cash to be generated from operations and any potential proceeds from the sale of further Company securities under the Form S- 3 twelve ​ If assumptions regarding the Company's production, sales and subsequent collections from certain 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, particularly in light of the COVID- 19 may may may no ​ Management's Use of Estimates The preparation of financial statements in conformity with 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 cash flows, inventory reserves, warranty reserves, impairment of long-lived assets, allowance for doubtful accounts and health insurance reserves. Although these estimates are based upon management's best knowledge of current events and actions that the Company may 19

Note 2 - Revenues

Note 2 - Revenues	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	NOTE 2 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 the three nine September 30, 2020 2019 Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Heavy Fabrications $ 43,440 $ 33,834 $ 125,424 $ 91,098 Gearing 7,125 7,989 20,273 27,282 Industrial Solutions 4,081 4,317 12,516 10,589 Eliminations (32 ) (2 ) (39 ) (2 ) Consolidated $ 54,614 $ 46,138 $ 158,174 $ 128,967 Revenue within the Company's Gearing and Industrial Solutions segments, as well as industrial fabrication product line revenues within the Heavy Fabrications segment, are generally 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 tower sales within the Company's 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 agreement, the ordered goods are identified separately as belonging to the customer and not not During the three September 30, 2020, $1,475 one no not $1,475 not not three nine September 30, 2019. The Company generally expenses sales commissions when incurred. 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 one

Note 3 - Earnings Per Share

Note 3 - Earnings Per Share	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 3 The following table presents a reconciliation of basic and diluted earnings per share for the three nine September 30, 2020 2019 Three Months Ended Nine Months Ended September 30, September 30, 2020 2019 2020 2019 Basic earnings per share calculation: Net (loss) income $ (1,003 ) $ (898 ) $ 480 $ (2,958 ) Weighted average number of common shares outstanding 16,866,134 16,235,961 16,741,481 16,024,217 Basic net (loss) income per share $ (0.06 ) $ (0.06 ) $ 0.03 $ (0.18 ) Diluted earnings per share calculation: Net (loss) income $ (1,003 ) $ (898 ) $ 480 $ (2,958 ) Weighted average number of common shares outstanding 16,866,134 16,235,961 16,741,481 16,024,217 Common stock equivalents: Non-vested stock awards (1) — — 536,920 — Weighted average number of common shares outstanding 16,866,134 16,235,961 17,278,401 16,024,217 Diluted net (loss) income per share $ (0.06 ) $ (0.06 ) $ 0.03 $ (0.18 ) ( 1 Stock options and restricted stock units granted and outstanding of 1,323,217 1,502,196 September 30, 2020 September 30, 2019 three September 30, 2020 three nine September 30, 2019. ​

Note 4 - Inventories

Note 4 - Inventories	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE 4 The components of inventories as of September 30, 2020 December 31, 2019 September 30, December 31, 2020 2019 Raw materials $ 15,547 $ 22,759 Work-in-process 9,787 8,366 Finished goods 2,621 2,915 27,955 34,040 Less: Reserve for excess and obsolete inventory (2,475 ) (2,177 ) Net inventories $ 25,480 $ 31,863

Note 5 - Intangible Assets

Note 5 - Intangible Assets	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	NOTE 5 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 2017. 2 7 As of September 30, 2020 December 31, 2019 September 30, 2020 December 31, 2019 Remaining Remaining Weighted Weighted Accumulated Net Average Accumulated Net Average Cost Accumulated Impairment Book Amortization Accumulated Impairment Book Amortization Basis Amortization Charges Value Period Cost Amortization Charges Value Period Intangible assets: Noncompete agreements $ 170 $ (104 ) $ — $ 66 2.3 $ 170 $ (83 ) $ — $ 87 3.1 Customer relationships 15,979 (6,903 ) (7,592 ) 1,484 5.1 15,979 (6,674 ) (7,592 ) 1,713 5.8 Trade names 9,099 (6,280 ) — 2,819 7.0 9,099 (5,980 ) — 3,119 7.8 Intangible assets $ 25,248 $ (13,287 ) $ (7,592 ) $ 4,369 5.8 $ 25,248 $ (12,737 ) $ (7,592 ) $ 4,919 6.5 ​ As of September 30, 2020 2020 $ 183 2021 733 2022 725 2023 664 2024 661 2025 and thereafter 1,403 Total $ 4,369

Note 6 - Accrued Liabilities

Note 6 - Accrued Liabilities	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	NOTE 6 Accrued liabilities as of September 30, 2020 December 31, 2019 September 30, December 31, 2020 2019 Accrued payroll and benefits $ 4,044 $ 3,870 Fair value of interest rate swap 177 78 Accrued property taxes 498 — Income taxes payable 69 61 Accrued professional fees 262 136 Accrued warranty liability 42 163 Self-insured workers compensation reserve 150 115 Accrued other 508 488 Total accrued liabilities $ 5,750 $ 4,911

Note 7 - Debt and Credit Agreem

Note 7 - Debt and Credit Agreements	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 7 The Company's outstanding debt balances as of September 30, 2020 December 31, 2019 September 30, December 31, 2020 2019 Line of credit $ 7,649 $ 11,517 PPP Loans 9,151 — Other notes payable 531 1,563 Long-term debt 342 342 Less: Current portion (8,176 ) (12,917 ) Long-term debt, net of current maturities $ 9,497 $ 505 Credit Facility On October 26, 2016, three February 25, 2019, three “2016 $35,000 The Credit Facility is an asset-based revolving credit facility, pursuant to which the Lenders advance funds against a borrowing base consisting of approximately (a) 85% 50% 85% $12.5 75% 50% $12 2016 $35 $10 two three 5.50% 3.50% twelve 2.25% 2.75% 0.00% 0.75% 0.50% 2016 February 25, 2022. The 2016 September 30, 2020 The obligations under the Credit Facility are secured by, subject to certain exclusions, (i) a first September 30, 2020. In June 2019, 2016 $6,000 2.13%, may September 30, 2020 December 31, 2019 As of September 30, 2020 $7,649 $19,214, On October 29, 2020, 2016 twelve 2.25% 2.75% 0.00% 0.75% July 31, 2023. Other In 2016, $570 September 30, 2020 December 31, 2019 2019 2018, $114 September 30, 2020 $342. $531 $1,563 September 30, 2020 December 31, 2019 $527 $1,400 September 30, 2020 December 31, 2019 $1 $36 5%. February 2021 August 2022. ​ On April 15, 2020, March 27, 2020 19 $9,530 $379 May 13, 2020. 2020 June 5, 2020 ( may twenty-four 60% two 1.00%, no 10 not, 10 60% fourth 2020. not not

Note 8 - Leases

Note 8 - Leases	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Lessee Operating and Finance Leases [Text Block]	NOTE 8 The Company leases certain facilities and equipment. On January 1, 2019, 2016 02, 842” 2018 11 842 $19,508 $17,613 842 842 The Company has elected to apply the short-term lease exception to all leases of one nine September 30, 2020 $4,380. three nine September 30, 2020 $473 $2,253, Some of the Company's facility leases include options to renew. The exercise of the renewal options is typically at the Company's discretion. The Company regularly evaluates the renewal options and includes them in the lease term when the Company is reasonably certain to exercise them. Quantitative information regarding the Company's leases is as follows: ​ Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Components of lease cost Finance lease cost components: Amortization of finance lease assets $ 150 $ 139 $ 435 $ 411 Interest on finance lease liabilities 64 27 139 81 Total finance lease costs 214 166 574 492 Operating lease cost components: Operating lease cost 764 724 2,340 2,265 Short-term lease cost 196 166 483 470 Variable lease cost (1) 198 185 586 570 Sublease income (45 ) (32 ) (136 ) (120 ) Total operating lease costs 1,113 1,043 3,273 3,185 Total lease cost $ 1,327 $ 1,209 $ 3,847 $ 3,677 Supplemental cash flow information related to our operating leases is as follows for the nine months ended September 30, 2020 and 2019: Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflow from operating leases $ 2,638 $ 2,626 Weighted-average remaining lease term-finance leases at end of period (in years) 1.7 1.1 Weighted-average remaining lease term-operating leases at end of period (in years) 10.2 10.8 Weighted-average discount rate-finance leases at end of period 8.9 % 8.7 % Weighted-average discount rate-operating leases at end of period 8.9 % 9.0 % ( 1 Variable lease costs consist primarily of taxes, insurance, utilities, and common area or other maintenance costs for the Company's leased facilities and equipment. ​ As of September 30, 2020 ​ Finance Operating Leases Leases Total 2020 $ 359 $ 877 $ 1,236 2021 1,424 3,387 4,811 2022 1,100 2,902 4,002 2023 451 2,883 3,334 2024 31 2,906 2,937 2025 and thereafter 4 20,119 20,123 Total lease payments 3,369 33,074 36,443 Less—portion representing interest (339 ) (11,957 ) (12,296 ) Present value of lease obligations 3,030 21,117 24,147 Less—current portion of lease obligations (1,174 ) (1,588 ) (2,762 ) Long-term portion of lease obligations $ 1,856 $ 19,529 $ 21,385

Note 9 - Fair Value Measurement

Note 9 - Fair Value Measurements	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Fair Value Disclosures [Text Block]	NOTE 9 Fair Value of Financial Instruments The carrying amounts of the Company's financial instruments, which include cash, accounts receivable, 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. The Company entered into an interest rate swap in June 2019 7, The Company is required to provide disclosure and categorize assets and liabilities measured at fair value into one three 1 3 Level 1 Level 2 not Level 3 The following tables represent the fair values of the Company's financial liabilities as of September 30, 2020 December 31, 2019 September 30, 2020 Level 1 Level 2 Level 3 Total Liabilities measured on a recurring basis: Interest rate swap $ — $ 177 $ — $ 177 Total liabilities at fair value $ — $ 177 $ — $ 177 December 31, 2019 Level 1 Level 2 Level 3 Total Liabilities measured on a recurring basis: Interest rate swap $ — $ 78 $ — $ 78 Total liabilities at fair value $ — $ 78 $ — $ 78

Note 10 - Income Taxes

Note 10 - Income Taxes	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 10 Effective tax rates differ from federal statutory income tax rates primarily due to changes in the Company's valuation allowance, permanent differences and provisions for state and local income taxes. As of September 30, 2020 nine September 30, 2020 $103, $62 nine September 30, 2019 The Company files income tax returns in U.S. federal and state jurisdictions. As of September 30, 2020 1996 December 31, 2019 $258,834 $227,781 2026. 2028 2037. January 1, 2018 not Since the Company has no not twelve 382 1986, may may 382 382 2010, $14,284 may In February 2013, February 2016 February 2019 ( 382. 2019 three The Rights Plan is intended to act as a deterrent to any person or group, together with its affiliates and associates, becoming the beneficial owner of 4.9% one February 22, 2013. one one $4.25 4.9% 4.9% February 12, 2013 not As of September 30, 2020 no no September 30, 2020

Note 11 - Share-based Compensat

Note 11 - Share-based Compensation	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	NOTE 11 ​ The following table summarizes stock option activity during the nine September 30, 2020 Weighted Average Options Exercise Price Outstanding as of December 31, 2019 54,362 $ 11.16 Forfeited (54,362 ) $ 11.16 Outstanding as of September 30, 2020 — $ — Exercisable as of September 30, 2020 — $ — The following table summarizes the Company's restricted stock unit and performance award activity during the nine September 30, 2020 Weighted Average Number of Grant-Date Fair Value Shares Per Share Unvested as of December 31, 2019 1,356,915 $ 2.39 Granted 507,416 $ 1.55 Vested (360,359 ) $ 2.42 Forfeited (180,755 ) $ 3.84 Unvested as of September 30, 2020 1,323,217 $ 1.85 The following table summarizes share-based compensation expense included in the Company's condensed consolidated statements of operations for the nine September 30, 2020 2019 Nine Months Ended September 30, 2020 2019 Share-based compensation expense: Cost of sales $ 74 $ 91 Selling, general and administrative 689 674 Net effect of share-based compensation expense on net income $ 763 $ 765 Reduction in earnings per share: Basic earnings per share $ 0.05 $ 0.05 Diluted earnings per share $ 0.04 $ 0.05

Note 12 - Legal Proceedings

Note 12 - Legal Proceedings	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Legal Matters and Contingencies [Text Block]	NOTE 12 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 no not one

Note 13 - Recent Accounting Pro

Note 13 - Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block]	NOTE 13 The Company reviews new accounting standards as issued. Although some of the accounting standards issued or effective in the current fiscal year may none

Note 14 - Segment Reporting

Note 14 - Segment Reporting	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 14— 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. The Company's segments and their product and service offerings are summarized below: Heavy Fabrications The Company provides large, complex and precision fabrications to customers in a broad range of industrial markets. The Company's most significant presence is within the U.S. wind energy industry, although it has diversified into other industrial markets in order to improve capacity utilization, reduce customer concentrations, and reduce exposure to uncertainty related to governmental policies currently impacting the U.S. wind energy industry. Within the U.S. wind energy industry, the Company provides steel towers and adapters primarily to wind turbine manufacturers. 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 550 1,650 1,100 Gearing The Company provides gearing and gearboxes to a broad set of customers in diverse markets including; onshore and offshore O&G fracking and drilling, surface and underground mining, defense, wind energy, steel, material handling and other infrastructure markets. For nearly a century, the Company has manufactured loose gearing, gearboxes and systems, and provided heat treatment services for aftermarket and OEM applications. The Company uses an integrated manufacturing process, which includes machining and finishing processes in Cicero, Illinois, and heat treatment in Neville Island, Pennsylvania. Industrial Solutions The Company provides supply chain solutions, inventory management, kitting and assembly services, primarily serving the combined cycle natural gas turbine market. Corporate “Corporate” includes the assets and selling, general and administrative 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, three nine September 30, 2020 2019 Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Three Months Ended September 30, 2020 Revenues from external customers $ 43,434 7,100 4,080 — — $ 54,614 Intersegment revenues 6 25 1 — (32 ) — Net revenues 43,440 7,125 4,081 — (32 ) 54,614 Operating profit (loss) 2,020 (1,023 ) 87 (1,559 ) — (475 ) Depreciation and amortization 928 488 109 42 — 1,567 Capital expenditures 601 42 7 18 — 668 Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Three Months Ended September 30, 2019 Revenues from external customers $ 33,834 7,989 4,315 — — $ 46,138 Intersegment revenues — — 2 — (2 ) — Net revenues 33,834 7,989 4,317 — (2 ) 46,138 Operating profit (loss) 693 496 141 (1,588 ) — (258 ) Depreciation and amortization 951 508 123 34 — 1,616 Capital expenditures 346 235 8 4 — 593 Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Nine Months Ended September 30, 2020 Revenues from external customers $ 125,418 20,241 12,515 — — $ 158,174 Intersegment revenues 6 32 1 — (39 ) — Net revenues 125,424 20,273 12,516 — (39 ) 158,174 Operating profit (loss) 8,760 (1,935 ) 496 (5,081 ) — 2,240 Depreciation and amortization 2,831 1,503 319 108 — 4,761 Capital expenditures 1,199 211 134 53 — 1,597 Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Nine Months Ended September 30, 2019 Revenues from external customers $ 91,098 $ 27,282 $ 10,587 $ — $ — $ 128,967 Intersegment revenues — — 2 — (2 ) — Net revenues 91,098 27,282 10,589 — (2 ) 128,967 Operating profit (loss) 789 2,797 (116 ) (4,428 ) — (958 ) Depreciation and amortization 3,024 1,472 368 142 — 5,006 Capital expenditures 855 875 22 24 — 1,776 Total Assets as of September 30, December 31, Segments: 2020 2019 Heavy Fabrications $ 43,256 $ 41,432 Gearing 45,742 47,022 Industrial Solutions 10,563 8,893 Corporate 230,680 239,629 Eliminations (204,185 ) (214,110 ) $ 126,056 $ 122,866

Note 15 - Commitments and Conti

Note 15 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 15 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. Certain environmental laws may one may Warranty Liability The Company warrants its products for terms that range from one five third September 30, 2020 2019 $42 $183, The changes in the carrying amount of the Company's total product warranty liability for the nine September 30, 2020 2019 For the Nine Months Ended September 30, 2020 2019 Balance, beginning of period $ 163 $ 226 Reduction of warranty reserve (96 ) (11 ) Warranty claims (6 ) (22 ) Other adjustments (19 ) (10 ) Balance, end of period $ 42 $ 183 Allowance for Doubtful Accounts Based upon past experience and judgment, the Company establishes an allowance for doubtful accounts with respect to accounts receivable. 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 collectability of its accounts receivable. These factors include individual customer circumstances, history with the Company, the length of the time period during which the account receivable has been past due and other relevant criteria. The Company monitors its collections and write-off experience to assess whether or not may may nine September 30, 2020 2019 For the Nine Months Ended September 30, 2020 2019 Balance at beginning of period $ 127 $ 190 Bad debt expense 130 (30 ) Write-offs (47 ) — Other adjustments (36 ) — Balance at end of period $ 174 $ 160 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. 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/or are dependent on actual losses sustained by the customer. The Company does not no September 30, 2020 December 31, 2019

Note 2 - Revenues (Tables)

Note 2 - Revenues (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Heavy Fabrications $ 43,440 $ 33,834 $ 125,424 $ 91,098 Gearing 7,125 7,989 20,273 27,282 Industrial Solutions 4,081 4,317 12,516 10,589 Eliminations (32 ) (2 ) (39 ) (2 ) Consolidated $ 54,614 $ 46,138 $ 158,174 $ 128,967

Note 3 - Earnings Per Share (Ta

Note 3 - Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, 2020 2019 2020 2019 Basic earnings per share calculation: Net (loss) income $ (1,003 ) $ (898 ) $ 480 $ (2,958 ) Weighted average number of common shares outstanding 16,866,134 16,235,961 16,741,481 16,024,217 Basic net (loss) income per share $ (0.06 ) $ (0.06 ) $ 0.03 $ (0.18 ) Diluted earnings per share calculation: Net (loss) income $ (1,003 ) $ (898 ) $ 480 $ (2,958 ) Weighted average number of common shares outstanding 16,866,134 16,235,961 16,741,481 16,024,217 Common stock equivalents: Non-vested stock awards (1) — — 536,920 — Weighted average number of common shares outstanding 16,866,134 16,235,961 17,278,401 16,024,217 Diluted net (loss) income per share $ (0.06 ) $ (0.06 ) $ 0.03 $ (0.18 )

Note 4 - Inventories (Tables)

Note 4 - Inventories (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Inventory, Current [Table Text Block]	September 30, December 31, 2020 2019 Raw materials $ 15,547 $ 22,759 Work-in-process 9,787 8,366 Finished goods 2,621 2,915 27,955 34,040 Less: Reserve for excess and obsolete inventory (2,475 ) (2,177 ) Net inventories $ 25,480 $ 31,863

Note 5 - Intangible Assets (Tab

Note 5 - Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	September 30, 2020 December 31, 2019 Remaining Remaining Weighted Weighted Accumulated Net Average Accumulated Net Average Cost Accumulated Impairment Book Amortization Accumulated Impairment Book Amortization Basis Amortization Charges Value Period Cost Amortization Charges Value Period Intangible assets: Noncompete agreements $ 170 $ (104 ) $ — $ 66 2.3 $ 170 $ (83 ) $ — $ 87 3.1 Customer relationships 15,979 (6,903 ) (7,592 ) 1,484 5.1 15,979 (6,674 ) (7,592 ) 1,713 5.8 Trade names 9,099 (6,280 ) — 2,819 7.0 9,099 (5,980 ) — 3,119 7.8 Intangible assets $ 25,248 $ (13,287 ) $ (7,592 ) $ 4,369 5.8 $ 25,248 $ (12,737 ) $ (7,592 ) $ 4,919 6.5
Finite-lived Intangible Assets Amortization Expense [Table Text Block]	2020 $ 183 2021 733 2022 725 2023 664 2024 661 2025 and thereafter 1,403 Total $ 4,369

Note 6 - Accrued Liabilities (T

Note 6 - Accrued Liabilities (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	September 30, December 31, 2020 2019 Accrued payroll and benefits $ 4,044 $ 3,870 Fair value of interest rate swap 177 78 Accrued property taxes 498 — Income taxes payable 69 61 Accrued professional fees 262 136 Accrued warranty liability 42 163 Self-insured workers compensation reserve 150 115 Accrued other 508 488 Total accrued liabilities $ 5,750 $ 4,911

Note 7 - Debt and Credit Agre_2

Note 7 - Debt and Credit Agreements (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Debt [Table Text Block]	September 30, December 31, 2020 2019 Line of credit $ 7,649 $ 11,517 PPP Loans 9,151 — Other notes payable 531 1,563 Long-term debt 342 342 Less: Current portion (8,176 ) (12,917 ) Long-term debt, net of current maturities $ 9,497 $ 505

Note 8 - Leases (Tables)

Note 8 - Leases (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Lease Quantitative Disclosure [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Components of lease cost Finance lease cost components: Amortization of finance lease assets $ 150 $ 139 $ 435 $ 411 Interest on finance lease liabilities 64 27 139 81 Total finance lease costs 214 166 574 492 Operating lease cost components: Operating lease cost 764 724 2,340 2,265 Short-term lease cost 196 166 483 470 Variable lease cost (1) 198 185 586 570 Sublease income (45 ) (32 ) (136 ) (120 ) Total operating lease costs 1,113 1,043 3,273 3,185 Total lease cost $ 1,327 $ 1,209 $ 3,847 $ 3,677 Supplemental cash flow information related to our operating leases is as follows for the nine months ended September 30, 2020 and 2019: Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflow from operating leases $ 2,638 $ 2,626 Weighted-average remaining lease term-finance leases at end of period (in years) 1.7 1.1 Weighted-average remaining lease term-operating leases at end of period (in years) 10.2 10.8 Weighted-average discount rate-finance leases at end of period 8.9 % 8.7 % Weighted-average discount rate-operating leases at end of period 8.9 % 9.0 %
Finance and Operating Lease Liability Maturity [Table Tex tBlock]	Finance Operating Leases Leases Total 2020 $ 359 $ 877 $ 1,236 2021 1,424 3,387 4,811 2022 1,100 2,902 4,002 2023 451 2,883 3,334 2024 31 2,906 2,937 2025 and thereafter 4 20,119 20,123 Total lease payments 3,369 33,074 36,443 Less—portion representing interest (339 ) (11,957 ) (12,296 ) Present value of lease obligations 3,030 21,117 24,147 Less—current portion of lease obligations (1,174 ) (1,588 ) (2,762 ) Long-term portion of lease obligations $ 1,856 $ 19,529 $ 21,385

Note 9 - Fair Value Measureme_2

Note 9 - Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]	September 30, 2020 Level 1 Level 2 Level 3 Total Liabilities measured on a recurring basis: Interest rate swap $ — $ 177 $ — $ 177 Total liabilities at fair value $ — $ 177 $ — $ 177 December 31, 2019 Level 1 Level 2 Level 3 Total Liabilities measured on a recurring basis: Interest rate swap $ — $ 78 $ — $ 78 Total liabilities at fair value $ — $ 78 $ — $ 78

Note 11 - Share-based Compens_2

Note 11 - Share-based Compensation (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Weighted Average Options Exercise Price Outstanding as of December 31, 2019 54,362 $ 11.16 Forfeited (54,362 ) $ 11.16 Outstanding as of September 30, 2020 — $ — Exercisable as of September 30, 2020 — $ —
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	Weighted Average Number of Grant-Date Fair Value Shares Per Share Unvested as of December 31, 2019 1,356,915 $ 2.39 Granted 507,416 $ 1.55 Vested (360,359 ) $ 2.42 Forfeited (180,755 ) $ 3.84 Unvested as of September 30, 2020 1,323,217 $ 1.85
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	Nine Months Ended September 30, 2020 2019 Share-based compensation expense: Cost of sales $ 74 $ 91 Selling, general and administrative 689 674 Net effect of share-based compensation expense on net income $ 763 $ 765 Reduction in earnings per share: Basic earnings per share $ 0.05 $ 0.05 Diluted earnings per share $ 0.04 $ 0.05

Note 14 - Segment Reporting (Ta

Note 14 - Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Three Months Ended September 30, 2020 Revenues from external customers $ 43,434 7,100 4,080 — — $ 54,614 Intersegment revenues 6 25 1 — (32 ) — Net revenues 43,440 7,125 4,081 — (32 ) 54,614 Operating profit (loss) 2,020 (1,023 ) 87 (1,559 ) — (475 ) Depreciation and amortization 928 488 109 42 — 1,567 Capital expenditures 601 42 7 18 — 668 Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Three Months Ended September 30, 2019 Revenues from external customers $ 33,834 7,989 4,315 — — $ 46,138 Intersegment revenues — — 2 — (2 ) — Net revenues 33,834 7,989 4,317 — (2 ) 46,138 Operating profit (loss) 693 496 141 (1,588 ) — (258 ) Depreciation and amortization 951 508 123 34 — 1,616 Capital expenditures 346 235 8 4 — 593 Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Nine Months Ended September 30, 2020 Revenues from external customers $ 125,418 20,241 12,515 — — $ 158,174 Intersegment revenues 6 32 1 — (39 ) — Net revenues 125,424 20,273 12,516 — (39 ) 158,174 Operating profit (loss) 8,760 (1,935 ) 496 (5,081 ) — 2,240 Depreciation and amortization 2,831 1,503 319 108 — 4,761 Capital expenditures 1,199 211 134 53 — 1,597 Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Nine Months Ended September 30, 2019 Revenues from external customers $ 91,098 $ 27,282 $ 10,587 $ — $ — $ 128,967 Intersegment revenues — — 2 — (2 ) — Net revenues 91,098 27,282 10,589 — (2 ) 128,967 Operating profit (loss) 789 2,797 (116 ) (4,428 ) — (958 ) Depreciation and amortization 3,024 1,472 368 142 — 5,006 Capital expenditures 855 875 22 24 — 1,776 Total Assets as of September 30, December 31, Segments: 2020 2019 Heavy Fabrications $ 43,256 $ 41,432 Gearing 45,742 47,022 Industrial Solutions 10,563 8,893 Corporate 230,680 239,629 Eliminations (204,185 ) (214,110 ) $ 126,056 $ 122,866

Note 15 - Commitments and Con_2

Note 15 - Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	For the Nine Months Ended September 30, 2020 2019 Balance, beginning of period $ 163 $ 226 Reduction of warranty reserve (96 ) (11 ) Warranty claims (6 ) (22 ) Other adjustments (19 ) (10 ) Balance, end of period $ 42 $ 183
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block]	For the Nine Months Ended September 30, 2020 2019 Balance at beginning of period $ 127 $ 190 Bad debt expense 130 (30 ) Write-offs (47 ) — Other adjustments (36 ) — Balance at end of period $ 174 $ 160

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	Jul. 31, 2018	Apr. 30, 2020	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Revenue as Percentage of Sales Associated with New Wind Turbine Installations			72.00%
Debt and Lease Obligation, Total			$ 20,703
Debt, Current, Total			9,350
Line of Credit, Current			$ 7,649
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.001		$ 0.001		$ 0.001
Proceeds from Issuance of Common Stock, Net			$ 232
Paycheck Protection Program CARES Act [Member]
Proceeds from Issuance of Unsecured Debt		$ 9,530
Repayments of Unsecured Debt		$ 379
The ATM Agreement [Member]
Value of Shares Issuable, Maximum	$ 10,000
Sales Agent Commission Percentage	3.00%
Stock Issued During Period, Shares, New Issues (in shares)			91,481
Proceeds from Issuance of Common Stock, Net			$ 321
Payments of Stock Issuance Costs			$ 10

Note 2 - Revenues (Details Text

Note 2 - Revenues (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenue from Contract with Customer, Including Assessed Tax	$ 54,614	$ 46,138	$ 158,174	$ 128,967
Gearing [Member]
Contract with Customer, Asset, after Allowance for Credit Loss, Total	1,475		$ 1,475
Transferred over Time [Member]
Revenue from Contract with Customer, Including Assessed Tax		$ 0		$ 0
Transferred over Time [Member] | Gearing [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 1,475

Note 2 - Revenues - Disaggregat

Note 2 - Revenues - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenues	$ 54,614	$ 46,138	$ 158,174	$ 128,967
Consolidation, Eliminations [Member]
Revenues	(32)	(2)	(39)	(2)
Heavy Fabrications [Member] | Operating Segments [Member]
Revenues	43,440	33,834	125,424	91,098
Gearing [Member] | Operating Segments [Member]
Revenues	7,125	7,989	20,273	27,282
Industrial Solutions [Member] | Operating Segments [Member]
Revenues	$ 4,081	$ 4,317	$ 12,516	$ 10,589

Note 3 - Earnings Per Share (De

Note 3 - Earnings Per Share (Details Textual) - shares	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	1,323,217	1,502,196

Note 3 - Earnings Per Share - E

Note 3 - Earnings Per Share - Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended						9 Months Ended
		Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
Net (loss) income		$ (1,003)	$ 529	$ 954	$ (898)	$ (1,018)	$ (1,042)	$ 480	$ (2,958)
Weighted average number of common shares outstanding (in shares)		16,866,134			16,235,961			16,741,481	16,024,217
Basic net (loss) income per share (in dollars per share)		$ (0.06)			$ (0.06)			$ 0.03	$ (0.18)
Non-vested stock awards (in shares)	[1]							536,920
Weighted average number of common shares outstanding (in shares)		16,866,134			16,235,961			17,278,401	16,024,217
Diluted net (loss) income per share (in dollars per share)		$ (0.06)			$ (0.06)			$ 0.03	$ (0.18)
[1]	Stock options and restricted stock units granted and outstanding of 1,489,660 as of September 30, 2019 are excluded from the computation of diluted earnings due to the anti-dilutive effect as a result of the Company's net loss for three and nine months ended September 30, 2019.

Note 4 - Inventories - Inventor

Note 4 - Inventories - Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Raw materials	$ 15,547	$ 22,759
Work-in-process	9,787	8,366
Finished goods	2,621	2,915
Inventory, Gross, Total	27,955	34,040
Less: Reserve for excess and obsolete inventory	(2,475)	(2,177)
Net inventories	$ 25,480	$ 31,863

Note 5 - Intangible Assets (Det

Note 5 - Intangible Assets (Details Textual)	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets, Remaining Amortization Period (Year)	5 years 292 days	6 years 182 days
Minimum [Member]
Finite-Lived Intangible Assets, Remaining Amortization Period (Year)	2 years
Maximum [Member]
Finite-Lived Intangible Assets, Remaining Amortization Period (Year)	7 years

Note 5 - Intangible Assets - In

Note 5 - Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Cost Basis	$ 25,248	$ 25,248
Accumulated Amortization	(13,287)	(12,737)
Accumulated Impairment Charges	(7,592)	(7,592)
Intangible assets, net	$ 4,369	$ 4,919
Remaining Average Amortization Period (Year)	5 years 292 days	6 years 182 days
Noncompete Agreements [Member]
Cost Basis	$ 170	$ 170
Accumulated Amortization	(104)	(83)
Accumulated Impairment Charges
Intangible assets, net	$ 66	$ 87
Remaining Average Amortization Period (Year)	2 years 109 days	3 years 36 days
Customer Relationships [Member]
Cost Basis	$ 15,979	$ 15,979
Accumulated Amortization	(6,903)	(6,674)
Accumulated Impairment Charges	(7,592)	(7,592)
Intangible assets, net	$ 1,484	$ 1,713
Remaining Average Amortization Period (Year)	5 years 36 days	5 years 292 days
Trade Names [Member]
Cost Basis	$ 9,099	$ 9,099
Accumulated Amortization	(6,280)	(5,980)
Accumulated Impairment Charges
Intangible assets, net	$ 2,819	$ 3,119
Remaining Average Amortization Period (Year)	7 years	7 years 292 days

Note 5 - Intangible Assets - Es

Note 5 - Intangible Assets - Estimated Future Amortization Expense (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
2020	$ 183
2021	733
2022	725
2023	664
2024	661
2025 and thereafter	1,403
Total	$ 4,369	$ 4,919

Note 6 - Accrued Liabilities -

Note 6 - Accrued Liabilities - Accrued Liabilties (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019
Accrued payroll and benefits	$ 4,044	$ 3,870
Fair value of interest rate swap	177	78
Accrued property taxes	498
Income taxes payable	69	61
Accrued professional fees	262	136
Accrued warranty liability	42	163	$ 183
Self-insured workers compensation reserve	150	115
Accrued other	508	488
Total accrued liabilities	$ 5,750	$ 4,911

Note 7 - Debt and Credit Agre_3

Note 7 - Debt and Credit Agreements (Details Textual) - USD ($) $ in Thousands	Oct. 29, 2020	Apr. 15, 2020	Feb. 25, 2019	Oct. 26, 2016	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019	Dec. 31, 2018	Jun. 30, 2019	Dec. 31, 2016
Long-term Debt, Total					$ 342		$ 342
Long-term Debt, Current Maturities, Total					8,176		12,917
Proceeds from Issuance of Other Long-term Debt					9,530
Repayments of Other Long-term Debt					1,003	$ 698
Development Corporation of Abilene Loan [Member]
Long-term Debt, Total					342					$ 570
Debt Instrument, Decrease, Forgiveness							114	$ 114
Notes Payable, Other Payables [Member]
Long-term Debt, Total					531		1,563
Long-term Debt, Current Maturities, Total					$ 527		1,400
Debt Instrument, Interest Rate, Stated Percentage					5.00%
Paycheck Protection Program CARES Act [Member]
Long-term Debt, Total					$ 9,151
Proceeds from Issuance of Other Long-term Debt		$ 9,530
Repayments of Other Long-term Debt		$ 379
Interest Rate Swap [Member]
Derivative Liability, Notional Amount									$ 6,000
Derivative, Fixed Interest Rate									2.13%
Minimum [Member] | Notes Payable, Other Payables [Member]
Debt Instrument, Periodic Payment, Total					1,000
Maximum [Member] | Notes Payable, Other Payables [Member]
Debt Instrument, Periodic Payment, Total					36,000
Revolving Credit Facility [Member]
Debt Instrument, Term (Year)				3 years
Long Term Debt Extended Term (Year)			3 years
Line of Credit Facility, Maximum Borrowing Capacity			$ 35,000
Line of Credit Facility Borrowing Restriction Percentage of Receivables			85.00%
Line of Credit Facility Borrowing Restriction Percentage of Inventories			50.00%
Line of Credit Facility Borrowing Restriction Percentage of Orderly Liquidation Value of Inventories			85.00%
Line of Credit Facility Borrowing Minimum Restriction Value			$ 12,500
Line of Credit Facility Borrowing Restriction Percentage of Orderly Liquidation Value of Machinery and Equipment			75.00%
Line of Credit Facility Borrowing Restriction Percentage of Mortgaged Property			50.00%
Line of Credit Facility Borrowing Restriction Value			$ 12,000
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage			0.50%
Long-term Line of Credit, Total					7,649
Line of Credit Facility, Remaining Borrowing Capacity					$ 19,214
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member] | Subsequent Event [Member]
Debt Instrument, Basis Spread on Variable Rate	2.25%
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member] | Subsequent Event [Member]
Debt Instrument, Basis Spread on Variable Rate	2.75%
Revolving Credit Facility [Member] | Base Rate [Member] | Minimum [Member] | Subsequent Event [Member]
Debt Instrument, Basis Spread on Variable Rate	0.00%
Revolving Credit Facility [Member] | Base Rate [Member] | Maximum [Member] | Subsequent Event [Member]
Debt Instrument, Basis Spread on Variable Rate	75.00%
Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity			$ 10,000
Letter of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate			5.50%
Letter of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate			2.25%
Letter of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate			2.75%
Letter of Credit [Member] | Base Rate [Member]
Debt Instrument, Basis Spread on Variable Rate			3.50%
Letter of Credit [Member] | Base Rate [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate			0.00%
Letter of Credit [Member] | Base Rate [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate			0.75%

Note 7 - Debt and Credit Agre_4

Note 7 - Debt and Credit Agreements - Outstanding Debt Balances (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Long-term Debt, Total	$ 342	$ 342
Less: Current portion	(8,176)	(12,917)
Long-term debt, net of current maturities	9,497	505
Line of Credit [Member]
Long-term Debt, Total	7,649	11,517
Paycheck Protection Program CARES Act [Member]
Long-term Debt, Total	9,151
Notes Payable, Other Payables [Member]
Long-term Debt, Total	531	1,563
Less: Current portion	$ (527)	$ (1,400)

Note 8 - Leases (Details Textua

Note 8 - Leases (Details Textual) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020	Dec. 31, 2019	Jan. 01, 2019
Operating Lease, Liability, Total	$ 21,117	$ 21,117		$ 19,508
Operating Lease, Right-of-Use Asset	19,067	19,067	$ 15,980	$ 17,613
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability		4,380
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability	$ 473	$ 2,253

Note 8 - Leases - Leases Inform

Note 8 - Leases - Leases Information (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Amortization of finance lease assets		$ 150	$ 139	$ 435	$ 411
Interest on finance lease liabilities		64	27	139	81
Total finance lease costs		214	166	574	492
Operating lease cost		764	724	2,340	2,265
Short-term lease cost		196	166	483	470
Variable lease cost	[1]	198	185	586	570
Sublease income		(45)	(32)	(136)	(120)
Total operating lease costs		1,113	1,043	3,273	3,185
Total lease cost		$ 1,327	$ 1,209	3,847	3,677
Operating cash outflow from operating leases				$ 2,638	$ 2,626
Weighted-average remaining lease term-finance leases at end of period (in years) (Year)		1 year 255 days	1 year 36 days	1 year 255 days	1 year 36 days
Weighted-average remaining lease term-operating leases at end of period (in years) (Year)		10 years 73 days	10 years 292 days	10 years 73 days	10 years 292 days
Weighted-average discount rate-finance leases at end of period		8.90%	8.70%	8.90%	8.70%
Weighted-average discount rate-operating leases at end of period		8.90%	9.00%	8.90%	9.00%
[1]	Variable lease costs consist primarily of taxes, insurance, utilities, and common area or other maintenance costs for the Company's leased facilities and equipment.

Note 8 - Leases - Future Minimu

Note 8 - Leases - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019	Jan. 01, 2019
2020, finance leases	$ 359
2020, operating leases	877
2020, total	1,236
2021, finance leases	1,424
2021, operating leases	3,387
2021, total	4,811
2022, finance leases	1,100
2022, operating leases	2,902
2022, total	4,002
2023, finance leases	451
2023, operating leases	2,883
2023, total	3,334
2024, finance leases	31
2024, operating leases	2,906
2024, total	2,937
2025 and thereafter, finance leases	4
2025 and thereafter, operating leases	20,119
2025 and thereafter, total	20,123
Total lease payments, finance leases	3,369
Total lease payments, operating leases	33,074
Total lease payments, total	36,443
Less—portion representing interest, finance leases	(339)
Less—portion representing interest, operating leases	(11,957)
Less—portion representing interest, total	(12,296)
Present value of lease obligations, finance leases	3,030
Present value of lease obligations, operating leases	21,117		$ 19,508
Present value of lease obligations, total	24,147
Less—current portion of lease obligations, finance leases	(1,174)	$ (546)
Less—current portion of lease obligations, operating leases	(1,588)	(1,326)
Less—current portion of lease obligations, total	(2,762)
Long-term portion of lease obligations, finance leases	1,856	673
Long-term portion of lease obligations, operating leases	19,529	$ 16,591
Long-term portion of lease obligations, total	$ 21,385

Note 9 - Fair Value Measureme_3

Note 9 - Fair Value Measurements - Fair Value of Financial Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Interest rate swap	$ 177	$ 78
Fair Value, Recurring [Member]
Total liabilities at fair value	177	78
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Total liabilities at fair value
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Total liabilities at fair value	177	78
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Total liabilities at fair value
Fair Value, Recurring [Member] | Interest Rate Swap [Member]
Interest rate swap	177	78
Fair Value, Recurring [Member] | Interest Rate Swap [Member] | Fair Value, Inputs, Level 1 [Member]
Interest rate swap
Fair Value, Recurring [Member] | Interest Rate Swap [Member] | Fair Value, Inputs, Level 2 [Member]
Interest rate swap	177	78
Fair Value, Recurring [Member] | Interest Rate Swap [Member] | Fair Value, Inputs, Level 3 [Member]
Interest rate swap

Note 10 - Income Taxes (Details

Note 10 - Income Taxes (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Income Tax Expense (Benefit), Total	$ 20	$ 28	$ 103	$ 62
Operating Loss Carryforwards, Total					$ 258,834
Operating Loss Carryforwards, Subject to Expiration					$ 227,781
Operating Loss Carry Forwards Annual Limit	14,284		14,284
Unrecognized Tax Benefits, Ending Balance	0		0
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total	$ 0		$ 0
Rights [Member]
Term of Extended Rights Plan (Year)			3 years
Threshold Percentage of Beneficial Ownership for Significant Dilution in Ownership Interest			4.90%
Class of Warrant or Right Number of Rights Per Common Stock Share			1
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares)	0.001		0.001
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)	$ 4.25		$ 4.25
Class of Warrant or Right Current Beneficial Ownership Percentage That Will Not Trigger Preferred Share Purchase Rights			4.90%

Note 11 - Share-based Compens_3

Note 11 - Share-based Compensation - Option Activity (Details)	9 Months Ended
	Sep. 30, 2020$ / sharesshares
Outstanding, options (in shares) | shares	54,362
Outstanding, options, weightedd average exercise price (in dollars per share) | $ / shares	$ 11.16
Forfeited, options (in shares) | shares	(54,362)
Forfeited, options, weightedd average exercise price (in dollars per share) | $ / shares	$ 11.16
Outstanding, options (in shares) | shares
Outstanding, options, weightedd average exercise price (in dollars per share) | $ / shares
Exercisable, options (in shares) | shares
Exercisable, options, weightedd average exercise price (in dollars per share) | $ / shares

Note 11 - Share-based Compens_4

Note 11 - Share-based Compensation - Restricted Stock Unit and Performance Award Activity (Details)	9 Months Ended
	Sep. 30, 2020$ / sharesshares
Unvested, number of shares (in shares) | shares	1,356,915
Unvested, weighted average grant-date fair value per share (in dollars per share) | $ / shares	$ 2.39
Granted, number of shares (in shares) | shares	507,416
Granted, weighted average grant-date fair value per share (in dollars per share) | $ / shares	$ 1.55
Vested, number of shares (in shares) | shares	(360,359)
Vested, weighted average grant-date fair value per share (in dollars per share) | $ / shares	$ 2.42
Forfeited, number of shares (in shares) | shares	(180,755)
Forfeited, weighted average grant-date fair value per share (in dollars per share) | $ / shares	$ 3.84
Unvested, number of shares (in shares) | shares	1,323,217
Unvested, weighted average grant-date fair value per share (in dollars per share) | $ / shares	$ 1.85

Note 11 - Share-based Compens_5

Note 11 - Share-based Compensation - Share-based Compensation Expense (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Share-based compensation expense	$ 763	$ 765
Basic earnings per share (in dollars per share)	$ 0.05	$ 0.05
Diluted earnings per share (in dollars per share)	$ 0.04	$ 0.05
Cost of Sales [Member]
Share-based compensation expense	$ 74	$ 91
Selling, General and Administrative Expenses [Member]
Share-based compensation expense	$ 689	$ 674

Note 14 - Segment Reporting (De

Note 14 - Segment Reporting (Details Textual) - Heavy Fabrications [Member]	9 Months Ended
	Sep. 30, 2020
Number of Facilities	2
Number of Tower Sections in Production Capacity of Turbines Total	1,650
Maximum [Member]
Annual Tower Production Capacity	550
Minimum [Member]
Power Generating Capacity of Turbines	1,100

Note 14 - Segment Reporting - S

Note 14 - Segment Reporting - Segment Reporting (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Revenues from external customers	$ 54,614	$ 46,138	$ 158,174	$ 128,967
Revenue from Contract with Customer, Including Assessed Tax	54,614	46,138	158,174	128,967
Operating profit (loss)	(475)	(258)	2,240	(958)
Depreciation and amortization	1,567	1,616	4,761	5,006
Capital expenditures	668	593	1,597	1,776
Assets	126,056		126,056		$ 122,866
Consolidation, Eliminations [Member]
Revenues from external customers
Revenue from Contract with Customer, Including Assessed Tax	(32)	(2)	(39)	(2)
Operating profit (loss)
Depreciation and amortization
Capital expenditures
Assets	(204,185)		(204,185)		(214,110)
Intersegment Eliminations [Member]
Revenue from Contract with Customer, Including Assessed Tax
Heavy Fabrications [Member] | Operating Segments [Member]
Revenues from external customers	43,434	33,834	125,418	91,098
Revenue from Contract with Customer, Including Assessed Tax	43,440	33,834	125,424	91,098
Operating profit (loss)	2,020	693	8,760	789
Depreciation and amortization	928	951	2,831	3,024
Capital expenditures	601	346	1,199	855
Assets	43,256		43,256		41,432
Heavy Fabrications [Member] | Intersegment Eliminations [Member]
Revenue from Contract with Customer, Including Assessed Tax	6		6
Gearing [Member] | Operating Segments [Member]
Revenues from external customers	7,100	7,989	20,241	27,282
Revenue from Contract with Customer, Including Assessed Tax	7,125	7,989	20,273	27,282
Operating profit (loss)	(1,023)	496	(1,935)	2,797
Depreciation and amortization	488	508	1,503	1,472
Capital expenditures	42	235	211	875
Assets	45,742		45,742		47,022
Gearing [Member] | Intersegment Eliminations [Member]
Revenue from Contract with Customer, Including Assessed Tax	25		32
Industrial Solutions [Member] | Operating Segments [Member]
Revenues from external customers	4,080	4,315	12,515	10,587
Revenue from Contract with Customer, Including Assessed Tax	4,081	4,317	12,516	10,589
Operating profit (loss)	87	141	496	(116)
Depreciation and amortization	109	123	319	368
Capital expenditures	7	8	134	22
Assets	10,563		10,563		8,893
Industrial Solutions [Member] | Intersegment Eliminations [Member]
Revenue from Contract with Customer, Including Assessed Tax	1	2	1	2
Corporate Segment [Member] | Operating Segments [Member]
Revenues from external customers
Revenue from Contract with Customer, Including Assessed Tax
Operating profit (loss)	(1,559)	(1,588)	(5,081)	(4,428)
Depreciation and amortization	42	34	108	142
Capital expenditures	18	4	53	24
Assets	230,680		230,680		$ 239,629
Corporate Segment [Member] | Intersegment Eliminations [Member]
Revenue from Contract with Customer, Including Assessed Tax

Note 15 - Commitments and Con_3

Note 15 - Commitments and Contingencies (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019
Product Warranty Accrual, Current	$ 42	$ 163	$ 183
Minimum [Member]
Product Warranty Term (Year)	1 year
Maximum [Member]
Product Warranty Term (Year)	5 years

Note 15 - Commitments and Con_4

Note 15 - Commitments and Contingencies - Warranty Liability (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Balance, beginning of period	$ 163	$ 226
Reduction of warranty reserve	(96)	(11)
Warranty claims	(6)	(22)
Other adjustments	(19)	(10)
Balance, end of period	$ 42	$ 183

Note 15 - Commitments and Con_5

Note 15 - Commitments and Contingencies - Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Balance at beginning of period	$ 127	$ 190
Bad debt expense	130	(30)
Write-offs	(47)
Other adjustments	(36)
Balance at end of period	$ 174	$ 160