Hardinge 10-K 3 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Feb. 27, 2017	Jun. 30, 2016
Document and Entity Information
Entity Registrant Name	HARDINGE INC.
Entity Central Index Key	313,716
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		12,902,366
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 103.4

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents	$ 28,255	$ 32,774
Restricted cash	2,923	2,192
Accounts receivable, net	55,573	56,945
Inventories, net	107,018	110,232
Other current assets	6,926	7,212
Total current assets	200,695	209,355
Property, plant and equipment, net	56,961	62,025
Goodwill	6,579	6,620
Other intangible assets, net	26,730	28,018
Other non-current assets	6,585	4,920
Total non-current assets	96,855	101,583
Total assets	297,550	310,938
Liabilities and shareholders’ equity
Accounts payable	24,920	24,696
Accrued expenses	25,629	27,964
Customer deposits	18,215	19,845
Accrued income taxes	1,160	1,919
Current portion of long-term debt	2,923	5,621
Total current liabilities	72,847	80,045
Long-term debt	2,970	5,985
Pension and postretirement liabilities	58,840	57,322
Deferred income taxes	3,800	3,088
Other liabilities	3,152	3,393
Total non-current liabilities	68,762	69,788
Commitments and contingencies (see Note 11)
Common stock ($0.01 par value, 20,000,000 authorized; 12,825,468 issued and 12,821,768 outstanding as of December 31, 2014, and 12,472,992 issued and 12,397,867 outstanding as of December 31, 2013)	129	128
Additional paid-in capital	121,015	120,524
Retained earnings	89,557	89,368
Treasury shares (at cost, 3,700 as of December 31, 2014, and 75,125 as of December 31, 2013)	(104)	(202)
Accumulated other comprehensive loss	(54,656)	(48,713)
Total shareholders’ equity	155,941	161,105
Total liabilities and shareholders’ equity	$ 297,550	$ 310,938

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	20,000,000	20,000,000
Common stock, issued (in shares)	12,903,037	12,856,716
Treasury shares (in shares)	9,243	18,489

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Statement [Abstract]
Sales	$ 292,013	$ 315,249	$ 311,633
Cost of sales	194,486	210,711	210,851
Gross profit	97,527	104,538	100,782
Selling, general and administrative expenses	79,647	81,271	81,045
Research & development	13,514	14,140	13,904
Restructuring charges	661	3,558	0
Impairment charges	0	0	5,766
Other expense, net	310	632	514
Income (loss) from operations	3,395	4,937	(447)
Interest expense	555	655	737
Interest income	(227)	(156)	(59)
Income (loss) from continuing operations before income taxes	3,067	4,438	(1,125)
Income taxes	1,843	1,828	1,233
Net income (loss) from continuing operations	1,224	2,610	(2,358)
Gain from disposal of discontinued operation, net of tax	0	0	218
Net income (loss)	$ 1,224	$ 2,610	$ (2,140)
Basic earnings (loss) per share:
Continuing operations (in dollars per share)	$ 0.10	$ 0.20	$ (0.19)
Disposal of discontinued operation (in dollars per share)	0	0	0.02
Basic (loss) earnings per share (in dollars per share)	0.10	0.20	(0.17)
Diluted (loss) earnings per share:
Continuing operations (in dollars per share)	0.09	0.20	(0.19)
Disposal of discontinued operation (in dollars per share)	0	0	0.02
Diluted (loss) earnings per share (in dollars per share)	0.09	0.20	(0.17)
Cash dividends declared per share: (in dollars per share)	$ 0.08	$ 0.08	$ 0.08

Consolidated Statements of Comp

Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 1,224	$ 2,610	$ (2,140)
Other comprehensive (loss) income:
Foreign currency translation adjustments	(4,811)	(4,598)	(11,893)
Retirement plans related adjustments	(899)	(5,945)	(26,163)
Unrealized gain (loss) on cash flow hedges	138	0	(281)
Other comprehensive loss before tax	(5,572)	(10,543)	(38,337)
Income tax expense (benefit)	371	(631)	(955)
Other comprehensive loss, net of tax	(5,943)	(9,912)	(37,382)
Total comprehensive loss	$ (4,719)	$ (7,302)	$ (39,522)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating activities
Net income (loss)	$ 1,224	$ 2,610	$ (2,140)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Impairment charges	0	0	5,766
Depreciation and amortization	8,789	8,824	10,169
Debt issuance costs amortization	131	134	85
Deferred income taxes	689	(768)	446
Gain on sale of assets	(38)	(26)	(82)
Gain on sale of business	0	0	(218)
Gain on purchase of business	0	0	(462)
Unrealized foreign currency transaction loss	524	404	350
Changes in operating assets and liabilities, net of businesses acquired:
Accounts receivable	(284)	3,942	(7,860)
Restricted cash	(927)	827	973
Inventories	252	(1,442)	(1,303)
Other assets	(372)	834	317
Accounts payable	141	450	2,211
Customer deposits	(776)	7,762	(1,783)
Accrued expenses	(3,964)	3,250	(3,281)
Accrued pension and postretirement liabilities	(92)	(74)	(9)
Net cash provided by operating activities	5,297	26,727	3,179
Investing activities
Acquisition of businesses, net of cash acquired	0	0	(5,683)
Capital expenditures	(2,479)	(4,210)	(3,186)
Proceeds from disposal of business	0	0	218
Proceeds from sales of assets	118	69	151
Net cash used in investing activities	(2,361)	(4,141)	(8,500)
Financing activities
Payment of contingent consideration	0	0	(7,500)
Proceeds from short-term notes payable to bank	42,820	32,502	21,143
Repayments of short-term notes payable to bank	(42,114)	(32,502)	(21,143)
Repayments of long-term debt	(5,761)	(4,464)	(9,296)
Dividends paid	(1,052)	(1,037)	(1,012)
Net proceeds from sales of common stock	0	0	5,678
Purchases of treasury stock	(368)	(201)	0
Net cash used in financing activities	(6,475)	(5,702)	(12,130)
Effect of exchange rate changes on cash	(980)	(403)	(978)
Net (decrease) increase in cash	(4,519)	16,481	(18,429)
Cash and cash equivalents at beginning of period	32,774	16,293	34,722
Cash and cash equivalents at end of period	$ 28,255	$ 32,774	$ 16,293

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity Statement - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Beginning balance (in shares) at Dec. 31, 2013		$ 125
Beginning balance at Dec. 31, 2013	$ 203,788		$ 114,951	$ 90,937	$ (806)	$ (1,419)
Net (loss) income	(2,140)			(2,140)
Other comprehensive loss, net of tax	(37,382)					(37,382)
Dividends declared	(1,020)			(1,020)
Common shares issued (in shares)		3
Common shares issued	5,530		4,941		586
Stock based compensation	668		494		174
Net issuance of treasury stock	152		152
Ending balance (in shares) at Dec. 31, 2014		$ 128
Ending balance at Dec. 31, 2014	169,596		120,538	87,777	(46)	(38,801)
Net (loss) income	2,610			2,610
Other comprehensive loss, net of tax	(9,912)					(9,912)
Dividends declared	(1,019)			(1,019)
Common shares issued	257		257
Stock based compensation	(285)		(267)		(18)
Net issuance of treasury stock	(142)		(4)		(138)
Ending balance (in shares) at Dec. 31, 2015	128	128
Ending balance at Dec. 31, 2015	161,105		120,524	89,368	(202)	(48,713)
Net (loss) income	1,224			1,224
Other comprehensive loss, net of tax	(5,943)					(5,943)
Dividends declared	(1,035)			(1,035)
Common shares issued	527	1	526
Stock based compensation	51		54		(3)
Net issuance of treasury stock	12		(89)		101
Ending balance (in shares) at Dec. 31, 2016	129	$ 129
Ending balance at Dec. 31, 2016	$ 155,941		$ 121,015	$ 89,557	$ (104)	$ (54,656)

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION	SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION Nature of Business Hardinge Inc. ("Hardinge" or "the Company") is a machine tool manufacturer, which designs and manufactures computer-numerically controlled cutting lathes, machining centers, grinding machines, collets, chucks, index fixtures and other industrial products. Products are sold to customers in North America, Europe and Asia. A substantial portion of sales are to small and medium-sized independent job shops, which in turn sell machined parts to their industrial customers. Industries directly and indirectly served by the Company include: aerospace, automotive, communications, computer, construction equipment, defense, energy, farm equipment, medical equipment, recreational equipment and transportation. The Company operates through two reportable segments, Metalcutting Machine Solutions (“MMS”) and Aftermarket Tooling and Accessories (“ATA”). The MMS segment includes high precision computer controlled metalcutting turning machines, vertical machining centers, horizontal machining centers, grinding machines, and repair parts related to those machines. The ATA segment includes products, primarily collets and chucks that are purchased by manufacturers throughout the lives of their Hardinge or other branded machines. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany accounts and transactions are eliminated in consolidation. Reclassifications Certain prior year amounts have been reclassified to conform to the current year presentation. Use of Estimates The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the Unites States of America ("US GAAP") which requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Cash Equivalents Cash equivalents are highly liquid financial instruments with an original maturity of three months or less at the date of purchase. Restricted Cash Occasionally, the Company is required to maintain cash deposits with certain banks with respect to contractual obligations as collateral for customer deposits. Additionally, restricted cash includes amounts due under mandatory principal reduction provisions associated with certain term debt agreements. As of December 31, 2016 and 2015 , the amount of restricted cash was approximately $2.9 million and $2.2 million , respectively. Accounts Receivable A review of the financial condition of the Company's customers is performed periodically through credit reviews. No collateral is required for sales made on open account terms. Letters of credit from major banks back the majority of sales in the Asian region. Concentrations of credit risk with respect to accounts receivable are generally limited due to the large number of customers comprising the customer base. Trade accounts receivable are considered to be past due when in excess of 30 days past terms, and charge off of uncollectible balances occurs when all collection efforts have been exhausted. The Company maintains an allowance for doubtful accounts for estimated losses resulting from the inability of customers to make required payments. The allowance for doubtful accounts was $0.8 million and $0.9 million at December 31, 2016 and 2015 , respectively. If the financial condition of customers were to deteriorate, resulting in an impairment of their ability to make payments, additional allowances would result in additional expense to the Company. Other Current Assets Other current assets consist of prepaid insurance, prepaid real estate taxes, prepaid software license agreements, prepaid income taxes and deposits on certain inventory purchases. When applicable, prepayments are expensed on a straight-line basis over the corresponding life of the underlying asset. Inventories Inventories are stated at the lower of cost (computed in accordance with the first-in, first-out method) or market. Elements of cost include raw materials, purchased components, labor and overhead. The Company assesses the valuation of inventory balances, and reduce the carrying value of those inventories that are obsolete or in excess of forecasted usage to their estimated net realizable value. The net realizable value of such inventories is estimated based on analysis and assumptions including, but not limited to, historical usage, future demand and market requirements. The carrying value of inventory is also compared to the estimated selling price less costs to sell and inventory carrying value will be adjusted accordingly. Reductions to the carrying value of inventories are recorded in cost of goods sold. If future demand for products is less favorable than forecasts, inventories may need to be reduced, which would result in additional expense. Property, Plant and Equipment Property, plant and equipment are recorded at cost. Major additions, renewals or improvements that extend the useful lives of assets are capitalized. Maintenance and repairs are expensed to operations as incurred. Depreciation expense is computed using the straight-line and accelerated methods, generally over the following estimated useful lives of the assets (in years): Buildings 40 Machinery 12 Patterns, tools, jigs and furniture and fixtures 10 Office and computer equipment 3-5 Goodwill and Intangible Assets In accordance with Financial Accounting Standards Board ("FASB") Accounting Standard Update ("ASU") Topic 350, Intangibles-Goodwill and Other ("ASC 350"), goodwill and intangible assets with indefinite lives are not amortized but are tested for impairment annually on the first day of the fourth quarter or when events indicate that an impairment could exist. Goodwill impairment is deemed to exist if the carrying value of a reporting unit exceeds its estimated fair value. The reporting units are determined based upon whether discrete financial information is available and reviewed regularly, whether those units constitute a business, and the extent of economic similarities between those reporting units for purposes of aggregation. The reporting units identified under ASC 350-20-35-33 are at the component level, or one level below the reporting segment level as defined under ASC 280-10-50-10 "Segment Reporting-Disclosure." The Company has three reporting units. Goodwill is evaluated for potential impairment by assessing a range of qualitative factors including, but not limited to, macroeconomic conditions, industry conditions, the competitive environment, changes in the market for the Company's products and services, regulatory and political developments, entity specific factors such as strategy and changes in key personnel and overall financial performance. If it is determined after completing this assessment that it is more likely than not that the fair value of a reporting unit is less than its carrying value, a step-two impairment test is performed. The measurement of impairment of goodwill consists of two steps. In the first step, the fair value of each reporting unit is compared to its carrying value. As part of the impairment analysis, the fair value of each of its reporting units with goodwill is determined using the income approach and market approach. If the carrying value of the reporting unit exceeds its fair value, the second step of the analysis is performed to determine the amount of the impairment. The Company performed its qualitative assessment as of October 1, 2016 and determined that it was not more likely than not that the fair value of each of its reporting units with goodwill was less than that its applicable carrying value. Accordingly, the Company did not perform the two-step goodwill impairment test for any of its reporting units. See Note 7: "Goodwill and Intangible Assets" for more information. Intangible assets with indefinite lives are not subject to amortization. They are reviewed for impairment at least annually or more frequently if an event occurs or circumstances change that would indicate the carrying amount may be impaired. Intangible assets that are determined to have a finite life are amortized over their estimated useful lives and are also subject to review for impairment, if indicators of impairment are identified. Future impairment indicators, such as declines in forecasted cash flows, may cause additional significant impairment charges. Impairment charges could be based on such factors as the Company's stock price, forecasted cash flows, assumptions used, control premiums or other variables. Impairment of Long-Lived Assets Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. To assess whether impairment exists, undiscounted cash flows are used to measure any impairment loss using discounted cash flows. Assets to be held for sale are reported at the lower of their carrying amount or fair value less costs to sell and are no longer depreciated. Accrued Expenses Accrued expenses include $8.0 million and $10.5 million in compensation related expenses at December 31, 2016 and 2015 , respectively, as well as $7.2 million of commissions payable for both years. Income Taxes Deferred income tax assets and liabilities are recognized for the income tax consequences attributable to operating loss carryforwards, tax credit carryforwards, and differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred income tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which temporary differences are expected to be reversed. A valuation allowance is established when it is more likely than not that all or a portion of deferred tax assets are not expected to be realized. The Company assesses all available positive and negative evidence to determine whether a valuation allowance is needed. Positive and negative evidence to be considered includes scheduled reversals of deferred tax liabilities, projected future taxable income, tax-planning strategies, and results of recent operations. Supporting a conclusion that a valuation allowance is not necessary is difficult when there is negative evidence such as cumulative losses in recent years. A full valuation allowance is maintained on the tax benefits of the U.S. net deferred tax assets and it is expected that a full valuation allowance on future tax benefits will be recorded until an appropriate level of profitability in the U.S. is sustained. A valuation allowance is also maintained on the U.K., German, Dutch, and Canadian deferred tax assets related to tax loss carryforwards in those jurisdictions, as well as all other deferred tax assets of those entities. The calculation of the tax liabilities requires significant judgment, the use of estimates and the interpretation and application of complex tax laws. The provision for income taxes reflects a combination of income earned and taxed in the U.S. and the various states, as well as federal and provincial jurisdictions in Switzerland, U.K., Canada, Germany, France, the Netherlands, China, Taiwan, and India. Jurisdictional tax law changes, increases or decreases in permanent differences between book and tax items, accruals or adjustments of accruals for tax contingencies or valuation allowances, and the change in the mix of earnings from these taxing jurisdictions all affect the overall effective tax rate. The Company accounts for uncertain tax positions using a more likely than not recognition threshold. The evaluation of uncertain tax positions is based on factors including, but not limited to, changes in tax law, the measurement of tax positions taken or expected to be taken in tax returns, the effective settlement of matters subject to audit, new audit activity and changes in facts or circumstances related to a tax position. Interest and penalties related to uncertain tax positions are included as a component of income tax expense. Revenue Recognition Revenue from product sales is generally recognized upon shipment, provided persuasive evidence of an arrangement exists, the sales price is fixed or determinable, collectability is reasonably assured, and the title and risk of loss have passed to the customer. Sales are recorded net of discounts, customer sales incentives and returns. Discounts and customer sales incentives are typically negotiated as part of the sales terms at the time of sale and are recorded as a reduction of revenue. The Company does not routinely permit customers to return machines. In the rare case that a machine return is permitted, a restocking fee is typically charged. Returns of spare parts and workholding products are limited to a period of 90 days subsequent to purchase, excluding special orders which are not eligible for return. An estimate of returns, which is not significant, is recorded as a reduction of revenue and is based on historical experience. Transfer of ownership and risk of loss are generally not contingent upon contractual customer acceptance. Prior to shipment, each machine is tested to ensure the machine's compliance with standard operating specifications as listed in the promotional literature. On an exception basis, where larger multiple machine installations are delivered which require run-offs and customer acceptance at their facility, revenue is recognized in the period of customer acceptance. Sales Tax/VAT Taxes assessed by different governmental authorities are collected and remitted that are both imposed on and concurrent with revenue producing transactions between the Company and its customers. These taxes may include sales, use and value-added taxes. The collection of these taxes is reported on a net basis (excluded from revenues). Shipping and Handling Costs Shipping and handling costs are recorded as part of cost of goods sold. Warranties The Company offers warranties for products sold. The specific terms and conditions of those warranties vary depending upon the product sold and the country in which the product was sold. A basic limited warranty is generally provided for a period of one to two years. The costs that may be incurred are estimated under the basic limited warranty, based largely upon actual warranty repair cost history and we record a liability for such costs when the related product revenue is recognized. The resulting accrual balance is reviewed during the year. Factors that affect the warranty liability include the number of installed units, historical and anticipated rates of warranty claims, and cost per claim. Extended warranties for some of the Company's products are also sold. These extended warranties usually cover a one year to two year period that begins after the basic warranty expires. Revenue from extended warranties are deferred and recognized on a straight-line basis across the term of the warranty contract. These liabilities are reported in " Accrued expenses " in the Consolidated Balance Sheets . Research and Development Costs The costs associated with research and development programs for new products and significant product improvements are expensed as incurred and reported in the Consolidated Statement of Operations. Foreign Currency Translation and Re-measurement The functional currency of the Company's foreign subsidiaries is their local currency. Net assets are translated at month end exchange rates while income, expense and cash flow items are translated at average exchange rates for the applicable period. Translation adjustments are recorded within accumulated other comprehensive income (loss). Gains and losses resulting from foreign currency denominated transactions are included as a component of " Other expense, net " in the Consolidated Statements of Operations . Fair Value of Financial Instruments Financial instruments consist primarily of cash and cash equivalents, accounts receivable, notes receivable, accounts payable, notes payable, long-term debt and foreign currency forwards. See Note 3. "Fair Value of Financial Instruments" for additional disclosure. Derivative Financial Instruments As a multinational company, the results of operations and financial condition are exposed to market risk from changes in foreign currency exchange rates. To manage this risk, derivative instruments are entered into, namely in the form of foreign currency forwards. These derivative instruments are held to hedge economic exposures, such as fluctuations in foreign currency exchange rates on balance sheet exposures of both trade and intercompany assets and liabilities. This exposure is hedged with contracts settling in less than one year . These derivatives do not qualify for hedge accounting treatment. Gains or losses resulting from the changes in the fair value of these hedging contracts are recognized immediately in earnings. There are some forward contracts to hedge certain customer orders and vendor firm commitments. These contracts are typically for less than one year , and have maturity dates in alignment with the recognition dates of the underlying financial transactions. These derivatives qualify for hedge accounting treatment and are designated as cash flow hedges. Unrealized gains or losses resulting from the changes in the fair value of these hedging contracts are charged to other comprehensive income (loss) until the underlying transaction is recognized through earnings. Gains or losses on any ineffective portion of the contracts are recognized in earnings. Stock-Based Compensation Stock-based compensation is accounted for based on the estimated fair value of the award as of the grant date and recognized as expense over the requisite service period. Earnings Per Share Basic earnings per common share is computed by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per common share are calculated by adjusting the weighted average outstanding shares to assume conversion of all potentially dilutive shares.

ACQUISITIONS

ACQUISITIONS	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
ACQUISITIONS	ACQUISITIONS Acquisition of Voumard On September 22, 2014 , Hardinge Inc., along with its indirect wholly-owned subsidiaries Hardinge GmbH and L. Kellenberger & Co., AG acquired certain assets and assumed certain liabilities associated with a product line of grinding machine systems and applications marketed and sold under the Voumard brand from Peter Wolters GmbH. The purchase price was EUR 1.7 million (approximately $2.2 million ), before taking into account customary purchase price adjustments. The acquisition of Voumard expands the Company's product offerings to include internal diameter ("ID") cylindrical grinding solutions, which are a complement to the existing grinding product lines offered by the Company. The acquisition was funded with cash and has been included in the MMS business segment. Voumard is a global leader in the ID grinding market with an installed base of over 9,000 machine solutions serving more than 2,500 customers around the world. The results of operations of Voumard have been included in the consolidated financial statements from the date of acquisition. Acquisition related costs of $0.1 million were incurred related to the acquisition of the Voumard business for the year ended December 31, 2014 and reported in "Selling, general and administrative expenses" in the Consolidated Statements of Operations. In accordance with the acquisition method of accounting, the acquired net assets were recorded at fair value at the date of acquisition. The identifiable intangible assets acquired, which primarily consists of drawings of $0.1 million , were valued using a cost approach. The fair values of the acquired assets and liabilities exceeded the purchase price of Voumard, resulting in a gain on the purchase of $0.5 million . The values of assets acquired and liabilities assumed were finalized during the third quarter 2015, resulting in no valuation adjustments. The following table summarizes the fair values of the assets acquired and liabilities assumed in the Voumard acquisition at the date of acquisition (in thousands): September 22, 2014 Assets Acquired Inventories $ 2,984 Property, plant and equipment 259 Drawings, customer lists, and other intangible assets 131 Total assets acquired 3,374 Liabilities Assumed Warranties 600 Deferred tax liability 162 Net assets acquired 2,612 Total purchase price 2,150 Bargain purchase gain $ (462 ) Supplemental Pro Forma Information The following table illustrates the unaudited pro forma effect on the Company’s consolidated operating results for the year ended December 31, 2014 as if the Voumard acquisition had occurred on January 1, 2014 (in thousands, except per share data) : Year Ended 2014 Sales $ 318,061 Net (loss) income from continuing operations (1) (7,827 ) Diluted (loss) earnings per share from continuing operations $ (0.62 ) ____________________ (1) The pro forma results above include abbreviated financial results for Voumard, consisting of revenues and direct expenses for that product line. During the year ended December 31, 2014, but prior to its acquisition by the Company, the Voumard business incurred $4.9 million in restructuring charges, which included inventory write-offs, headcount reductions and other related costs. These amounts are included in the pro forma information presented above. The above unaudited pro forma financial information is presented for informational purposes only and does not purport to represent what the results of operations would have been had the acquisition been completed on the date assumed, nor is it necessarily indicative of the results that may be expected in future periods. Pro forma adjustments exclude cost savings from any synergies resulting from the acquisition.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE AND DERIVATIVE INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS Fair value is defined as the price that would be received upon sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Depending on the nature of the asset or liability, various techniques and assumptions can be used to estimate fair value. The following presents the fair value hierarchy definitions utilized by the Company: Level 1 — Quoted prices in active markets for identical assets and liabilities. Level 2 — Observable inputs other than quoted prices in active markets for similar assets and liabilities. Level 3 — Inputs for which significant valuation assumptions are unobservable in a market and therefore value is based on the best available data, some of which is internally developed and considers risk premiums that a market participant would require. The following table presents the carrying amount, fair values, and classification level within the fair value hierarchy of financial instruments measured or disclosed at fair value on a recurring basis (in thousands): December 31, 2016 December 31, 2015 Level of Fair Value Hierarchy Carrying Amount Fair Value Carrying Amount Fair Value Assets: Cash and cash equivalents $ 28,255 $ 28,255 $ 32,774 $ 32,774 Level 1 Restricted cash 2,923 2,923 2,192 2,192 Level 1 Foreign currency forward contracts 308 308 163 163 Level 2 Liabilities: Variable interest rate debt 5,986 5,986 11,771 11,771 Level 2 Foreign currency forward contracts 566 566 418 418 Level 2 The fair value of cash and cash equivalents and restricted cash are based on the fair values of identical assets in active markets. Due to the short period to maturity or the nature of the underlying liability, the fair value of variable interest rate debt approximates their respective carrying amounts. The fair value of foreign currency forward contracts is measured based on observable market inputs such as spot and forward rates. Based on the Company’s continued ability to enter into forward contracts, the markets for the fair value instruments are considered to be active. As of December 31, 2016 and December 31, 2015 , there were no significant transfers in and/or out of Level 1 and Level 2. The following table presents the fair value on the Consolidated Balance Sheets of the foreign currency forward contracts (in thousands): December 31, December 31, Foreign currency forwards designated as hedges: Other current assets $ 153 $ 49 Accrued expenses (264 ) (222 ) Foreign currency forwards not designated as hedges: Other current assets 155 114 Accrued expenses (302 ) (196 ) Foreign currency forwards, net $ (258 ) $ (255 ) The Company applied fair value principles during goodwill impairment tests. Step one of the goodwill impairment test consisted of determining a fair value for each of the Company's reporting units. The fair value for the Company's reporting units cannot be determined using readily available quoted Level 1 or Level 2 inputs that are observable or available from active markets. Therefore, the Company used valuation models to estimate the fair values of its reporting units, which use Level 3 inputs. To estimate the fair values of reporting units, the Company uses significant estimates and judgmental factors. The key estimates and factors used in the valuation models included revenue growth rates and profit margins based on internal forecasts, terminal value, WACC, and earnings multiples. As a result of the goodwill impairment test performed during 2014, the Company recognized goodwill impairment charges (See Note 7. "Goodwill and Intangible Assets" for more information regarding the Company's goodwill impairment tests). During 2014 , the Company recognized impairments to intangible assets associated with trade names. The impairment charges were calculated by determining the fair value of these assets. The fair value measurements were calculated using discounted cash flow analysis, which rely upon unobservable inputs classified as Level 3 inputs. The key estimates and factors used in the valuation models, for which the Company used significant estimates and judgmental factors, include revenue growth rates based on internal forecasts, royalty rates and discounts rates (See Note 7. "Goodwill and Intangible Assets" for more information regarding the impairment of intangible assets). Pension Plan Assets The fair values and classification of the defined benefit plan assets is as follows (in thousands): December 31, 2016 Total Level 1 Level 2 Level 3 Growth funds (1) $ 39,247 $ 39,247 $ — $ — Income funds (2) 25,276 25,276 — — Growth and income funds (3) 84,176 — 84,176 — Hedge funds (4) 22,860 — — 22,860 Real estate funds 3,327 761 2,566 — Other assets 2,128 618 1,510 — Cash and cash equivalents 3,735 3,735 — — Total $ 180,749 $ 69,637 $ 88,252 $ 22,860 December 31, 2015 Total Level 1 Level 2 Level 3 Growth funds (1) $ 37,472 $ 37,472 $ — $ — Income funds (2) 23,401 23,401 — — Growth and income funds (3) 83,247 — 83,247 — Hedge funds (4) 27,071 — — 27,071 Real estate funds 3,246 769 2,477 — Other assets 1,514 582 932 — Cash and cash equivalents 4,056 4,056 — — Total $ 180,007 $ 66,280 $ 86,656 $ 27,071 ____________________ (1) Growth funds represent a type of fund containing a diversified portfolio of domestic and international equities with a goal of capital appreciation. (2) Income funds represent a type of fund with an emphasis on current income as opposed to capital appreciation. Such funds may contain a variety of domestic and international government and corporate debt obligations, preferred stock, money market instruments and dividend-paying stocks. (3) Growth and income funds represent a type of fund containing a combination of growth and income securities. (4) Hedge funds represent a managed portfolio of investments that use advanced investment strategies such as leveraged, long, short and derivative positions in both domestic and international markets with the goal of generating high returns. These funds are subject to quarterly redemptions and advanced notification requirements, as well as the right to delay redemption until sufficient fund liquidity exists. A summary of the changes in the fair value of the defined benefit plans assets classified within Level 3 of the valuation hierarchy is as follows (in thousands): Year Ended 2016 2015 Balance at beginning of year $ 27,071 $ 27,820 Purchases 1,000 1,750 Sales and settlements (5,335 ) (2,300 ) Unrealized (losses) gains 124 (199 ) Realized (losses) — — Balance at end of year $ 22,860 $ 27,071 Most of the defined benefit pension plan's Level 1 assets are debt and equity investments that are traded in active markets, either domestically or internationally. They are measured at fair value using closing prices from active markets. The Level 2 assets are typically investments in pooled funds, which are measured based on the value of their underlying assets that are publicly traded with observable values. The fair value of the Level 3 plan assets are measured by compiling the portfolio holdings and independently valuing the securities in those portfolios.

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2016
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Net inventories consist of the following (in thousands): December 31, December 31, Raw materials and purchased components $ 33,822 $ 34,438 Work-in-process 31,799 33,682 Finished products 41,397 42,112 Inventories, net $ 107,018 $ 110,232

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	12 Months Ended
	Dec. 31, 2016
Summary of Derivative Instruments [Abstract]
DERIVATIVE INSTRUMENTS	DERIVATIVE INSTRUMENTS Foreign currency forward contracts are utilized to mitigate the impact of currency fluctuations on assets and liabilities denominated in foreign currencies as well as on forecasted transactions denominated in foreign currencies. These contracts are considered derivative instruments and are recognized as either assets or liabilities and measured at fair value. Generally these contracts have a term of less than one year . The valuations of these derivatives are measured at fair value based on observable market inputs such as spot and forward rates. A group of highly rated domestic and international banks are used in order to mitigate counterparty risk on the forward contracts. For contracts that are designated and qualify as cash flow hedges, the gain or loss on the contracts is reported as a component of other comprehensive income (“OCI”) and reclassified from accumulated other comprehensive income (“AOCI”) into the “ Sales ” or “ Cost of sales ” line item on the Consolidated Statements of Operations when the underlying hedged transaction affects earnings, or “ Other expense, net ” when the hedging relationship is deemed to be ineffective. As of December 31, 2016 and December 31, 2015 , the notional amounts of the derivative financial instruments designated to qualify for cash flow hedges were $45.5 million and $27.4 million , respectively. The Company expects approximately $0.1 million of net losses, net of income tax effect, to be reclassified from AOCI to earnings within the next 12 months. As of December 31, 2016 and December 31, 2015 , the notional amounts of the derivative financial instruments not qualifying or otherwise designated as hedges were $35.4 million and $38.5 million , respectively. For the years ended December 31, 2016 and 2015 , losses of $0.1 million and $0.8 million , respectively, were recorded related to this type of derivative financial instruments. For contracts that are not designated as hedges, the gain or loss on the contracts are recognized in current earnings in the “ Other expense, net ” line item in the Consolidated Statements of Operations .

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consists of the following (in thousands): December 31, December 31, Land, buildings and improvements $ 81,311 $ 82,201 Machinery, equipment and fixtures 75,177 79,176 Office furniture, equipment and vehicles 22,471 22,689 Construction in progress 272 238 179,231 184,304 Accumulated depreciation (122,270 ) (122,279 ) Property, plant and equipment, net $ 56,961 $ 62,025 Depreciation expense was $6.6 million , $7.0 million , and $7.7 million for the years ended December 31, 2016 , 2015 and 2014 , respectively.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS Detail and activity of goodwill by segment is presented below (in thousands): MMS ATA Total Goodwill $ 32,434 $ 6,698 $ 39,132 Accumulated impairment losses (32,434 ) — (32,434 ) Balance at December 31, 2014 — 6,698 6,698 Currency translation adjustments — (78 ) (78 ) Goodwill 32,434 6,620 39,054 Accumulated impairment losses (32,434 ) — (32,434 ) Balance at December 31, 2015 — 6,620 6,620 Currency translation adjustments — (41 ) (41 ) Goodwill 32,434 6,579 39,013 Accumulated impairment losses (32,434 ) — (32,434 ) Balance at December 31, 2016 $ — $ 6,579 $ 6,579 Goodwill is reviewed for possible impairment at least annually or more frequently upon the occurrence of an event or when circumstances indicate that a reporting unit's carrying amount is greater than its fair value. The Company performed a qualitative assessment during the fourth quarter of 2016 and determined that it was not more likely than not that the fair value of each of our reporting units with goodwill was less than that its applicable carrying value. Accordingly, the Company did not perform the two-step goodwill impairment test for any reporting unit in 2016. In 2015, the Company performed a review and test of goodwill and determined that the fair value exceeded the carrying amount for all of our reporting units with goodwill. Based on lower than expected performance in the Usach reporting unit during 2014 , combined with a downward revision in the anticipated future results, the Company determined that there were indicators of an impairment of that reporting unit during the third quarter of 2014 . Accordingly, a calculation of the fair value was performed using the expected present value of future cash flows, recent industry transaction multiples and using estimates, judgments and assumptions that management believed were appropriate in the circumstances, which resulted in the carrying amount of the Usach reporting unit exceeding its fair value. Accordingly, a goodwill impairment charge of $4.8 million was recognized in the " Impairment charges " caption in the Consolidated Statements of Operations in that reporting unit during the third quarter of 2014 , resulting in the entire MMS goodwill balance to be written off. Subsequently, the Company performed the annual impairment analysis for the ATA reporting unit, which resulted in the fair value exceeding the carrying value. The Company performed further analysis of the reporting units' long-lived assets and determined that impairment of these assets was not present. The estimates and judgments used in the assessment included multiples of EBITDA, the weighted average cost of capital and the terminal growth rate. The major components of intangible assets other than goodwill are as follows (in thousands): December 31, December 31, Gross amortizable intangible assets: Technical know-how $ 12,944 $ 12,956 Customer lists 8,981 9,011 Land rights 2,498 2,672 Patents, trade names, drawings, and other 4,356 4,393 Total gross amortizable intangible assets 28,779 29,032 Accumulated amortization: Technical know-how (7,438 ) (6,833 ) Customer lists (1,744 ) (1,315 ) Land rights (304 ) (271 ) Patents, trade names, drawings, and other (3,490 ) (3,406 ) Total accumulated amortization (12,976 ) (11,825 ) Amortizable intangible assets, net 15,803 17,207 Indefinite lived intangible assets: Trade names 10,927 10,811 Intangible assets other than goodwill, net $ 26,730 $ 28,018 Amortization expense related to the definite-lived intangible assets are as follows (in thousands): Year Ended December 31, 2016 2015 2014 Amortization expense $ 1,282 $ 1,804 $ 1,810 Estimated amortization expense for each of the five succeeding fiscal years and thereafter is as follows (in thousands): Fiscal Year Future Estimated Amortization 2017 $ 1,247 2018 1,091 2019 1,073 2020 1,031 2021 1,013 Thereafter 10,348 The Company performed a qualitative review of its indefinite lived intangible assets in the fourth quarter of 2016 and determined that there were no indicators of impairment. In 2015, the Company performed a review and test for impairment of indefinite lived intangible assets. The fair value of the indefinite lived intangible assets were calculated using a discounted cash flow analysis, and resulted in the fair value exceeding the carrying value. As a result of interim impairment indicators present in the third quarter of 2014, it was determined that the fair value of the Company's Usach trade name was less than the carrying value, resulting in an impairment charge of $0.9 million , which was recognized in the " Impairment charges " caption in the Consolidated Statements of Operations . Additionally, in the fourth quarter of 2014, the Company concluded that the Usach trade name no longer had an indefinite life based on management plans surrounding the future use of the Usach name. Accordingly, an analysis was performed to assess the remaining useful life of this trade name, and the remaining balance is being amortized on a straight-line basis over a period of 18.25 years . See Note 3. "Fair Value of Financial Instruments" for a discussion of the fair value measures used in determining these impairment charges.

FINANCING ARRANGEMENTS

FINANCING ARRANGEMENTS	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
FINANCING ARRANGEMENTS	FINANCING ARRANGEMENTS Financing arrangements are maintained with several financial institutions. These financing arrangements are in the form of long term loans, credit facilities, and lines of credit. The credit facilities allow the Company to borrow up to $74.7 million at December 31, 2016 , of which $53.0 million can be borrowed for working capital needs. As of December 31, 2016 , $67.1 million was available for borrowing under these arrangements of which $51.9 million was available for working capital needs. Total consolidated term borrowings outstanding, net of unamortized debt issuance fees were $5.9 million at December 31, 2016 and $11.6 million at December 31, 2015 . Additionally, the Company had borrowings under revolving credit facilities of $0.7 million at December 31, 2016. Details of these financing arrangements are discussed below. Long-term Debt Long-term debt consists of (in thousands): December 31, 2016 2015 Mortgage loans $ — $ 2,070 Term loans, net of unamortized debt issuance fees 5,893 9,536 Total long-term debt $ 5,893 $ 11,606 Current portion, net of unamortized debt issuance fees (2,923 ) (5,621 ) Total long-term debt, less current portion $ 2,970 $ 5,985 In January 2016 we adopted guidance which requires that debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. As a result, the Company reclassified $0.07 million and $0.09 million of debt issuance cost as of December 31, 2015 into "Current portion of long-term debt" and "Long-term debt", respectively, to reduce the carrying amount of debt liability, from "Other current assets" and "Other non-current assets" on the Consolidated Balance Sheets. Debt issuance costs associated with line of credit arrangements remained in the "Other current assets" and "Other non-current assets" on the Consolidated Balance Sheets. Unamortized debt issuance costs of $0.07 million and $0.02 million were recorded as "Current portion of long-term debt" and "Long-term debt" respectively to reduce the carrying amount of debt liability, on the Consolidated Balance Sheets at December 31, 2016. The Company's debt issuance cost amortization was not affected by the adoption of the new guidance. The annual maturities of long-term debt for each of the years after December 31, 2016 , are as follows (in thousands): Year Amount 2017 $ 2,993 2018 2,993 $ 5,986 In May 2006 , Hardinge Taiwan Precision Machinery Limited, an indirectly wholly-owned subsidiary in Taiwan, entered into a mortgage loan with a local bank. The principal amount of the loan was $180.0 million New Taiwanese Dollars ("TWD") ( $5.6 million equivalent). The loan, which matured and was paid in full in June 2016 , was secured by real property owned and required quarterly principal payment in the amount of TWD 4.5 million ( $0.1 million equivalent). The loan interest rate, 1.75% at June 30, 2016 and December 31, 2015 , was based on the bank's one year fixed savings rate plus 0.4% . The principal amount outstanding was TWD 9.0 million ( $0.3 million equivalent) at December 31, 2015 . In May 2013 , the Company and Hardinge Holdings GmbH, a direct wholly-owned subsidiary, entered into a term loan agreement with a bank pursuant to which the bank provided a $23.0 million secured term loan facility for the acquisition of Forkardt. The agreement, which was amended in October 2013 and matures in April 2018 , calls for scheduled annual principal repayments of $2.1 million and $1.0 million in 2017 and 2018 , respectively. The interest rate on the term loan is determined from a pricing grid with the London Interbank Offered Rate ("LIBOR") and base rate options based on the Company's leverage ratio and was 2.81% and 2.50% at December 31, 2016 and 2015 respectively. LIBOR is the average interest rate estimated by leading banks in London that they would be charged when borrowing from other banks. The principal amount outstanding at December 31, 2016 and 2015 was $3.1 million and $5.1 million , respectively. In November 2013 , the Company and Hardinge Holdings GmbH entered into a replacement term loan agreement with the same bank pursuant to which the bank converted $10.8 million of the then outstanding principal on the term loan to CHF 3.8 million ( $3.7 million equivalent) and EUR 5.0 million ( $5.3 million equivalent) borrowings. The agreement calls for scheduled annual principal repayments in CHF and EUR. The CHF principal balance outstanding at December 31, 2015 was CHF 0.6 million ( $0.6 million historic equivalent) and was paid in full in November 2016. The scheduled annual principal repayments in EUR are EUR 0.9 million ( $0.9 million equivalent) in 2017 and EUR 1.9 million ( $2.0 million equivalent) in 2018 . The interest rate on the EUR portion of the term loan is determined with a pricing grid with the Euro Interbank Offered Rate ("EURIBOR") and base rate options based on the Company's leverage ratio and was 1.88% and 2.18% at December 31, 2016 and December 31, 2015, respectively. The principal amounts outstanding were EUR $2.8 million ( $2.9 million equivalent) and EUR $3.7 million ( $4.0 million equivalent) at December 31, 2016 and 2015, respectively. The term loan is secured by (i) liens on all of the Company's U.S. assets (exclusive of real property); (ii) a pledge of 65% of the Company's investment in Hardinge Holdings GmbH; (iii) a negative pledge on the Company's headquarters in Elmira, New York; (iv) liens on all of the personal property assets of Hardinge Grinding Group (formerly Usach), Forkardt Inc. (formerly Cherry Acquisition Corporation) and Hardinge Technology Systems Inc., a wholly-owned subsidiary and owner of the real property comprising the Company's world headquarters in Elmira, New York ("Technology"); and (v) negative pledges on the intellectual property of the Revolving Credit Borrowers and Technology. The loan agreement contains financial covenants requiring a minimum fixed charge coverage ratio of not less than 1.15 to 1.00 (tested quarterly on a rolling four-quarter basis), a maximum consolidated total leverage ratio of 3.00 to 1.00 (tested quarterly on a rolling four-quarter basis), and maximum annual consolidated capital expenditures of $10.0 million . The loan agreement also contains such other representations, affirmative and negative covenants, prepayment provisions and events of default that are customary for these types of transactions. At December 31, 2016 , the Company was in compliance with the covenants under the loan agreement. In July 2013 , Hardinge Holdings GmbH, a direct wholly-owned subsidiary, and Kellenberger & Co. AG, an indirect wholly-owned subsidiary of the Company, entered into a credit facility agreement with a bank whereby the bank made available a CHF 2.6 million ( $2.6 million equivalent) mortgage loan facility. Interest on the facility accrued at a fixed rate of 2.50% per annum. The remaining outstanding balance of principal and accrued interest was paid in full at the final maturity in December 2016 . The principal amount outstanding was CHF 1.8 million ( $1.8 million equivalent) at December 31, 2015 . Foreign Credit Facilities In December 2012 , Hardinge Jiaxing entered into a secured credit facility with a local bank for working capital purposes, which was subsequently amended in December 2015. The total availability under the facility is CNY 20.0 million ( $2.9 million equivalent) or its equivalent in other currencies. The facility renews annually and currently expires in December 2017. Borrowings under the credit facility are secured by real property owned by the subsidiary. The interest rate on the credit facility is based on the basic interest rate as published by the People's Bank of China, plus a 10% mark-up, amounting to 4.79% at December 31, 2016 and December 31, 2015 . There was no principal amount outstanding under this facility at December 31, 2016 or December 31, 2015 . In July 2013 , Hardinge Machine Tools B.V., Taiwan Branch, an indirectly wholly-owned subsidiary in Taiwan, entered into an unsecured credit facility subject to annual renewal. The facility, which expires in June 2017, provides up to $12.0 million , or its equivalent in other currencies, for working capital and export business purposes. This credit facility's interest rate is subject to change by the lender based on market conditions, and carries no commitment fees on unused funds. The facility's interest rate was 1.40% at December 31, 2016 and was a variable rate at December 31, 2015 . The principal amount outstanding at December 31, 2016 was NTD 22.0 million ( $0.7 million equivalent). There were no principal amounts outstanding under this facility at December 31, 2015 . In September 2014 , Hardinge Machine (Shanghai) Co., Ltd., an indirectly wholly-owned subsidiary in China, entered into a credit facility with a bank, subject to annual renewal. The facility provides up to CNY 30.0 million ( $4.3 million equivalent) for letters of guarantee, and expires in August 2017 . Individual letters of guarantee issued under this facility require a cash deposit at the bank of 30% of the letter’s face value. The total issued letters of guarantee at both December 31, 2016 and December 31, 2015 had a face value of CNY 0.6 million (approximately $0.1 million ). In July 2013 , Hardinge Holdings GmbH, a direct wholly-owned subsidiary, and Kellenberger, an indirect wholly-owned subsidiary, entered into a credit facility agreement with a bank whereby the bank made available a CHF 18.0 million ( $17.7 million equivalent) multi-currency revolving working capital facility. This facility matures in July 2018 . The facility is to be used by Hardinge Holdings GmbH and its subsidiaries (collectively the "Holdings Group") for general corporate and working capital purposes, including standby letters of credit and standby letters of guarantee. Borrowings against the facility can be drawn upon in Swiss Francs, Euros, British Pounds Sterling and United States Dollars ("Optional Currencies"). Under the terms of the facility, the maximum amount of borrowings available to the Holdings Group on an aggregate basis for working capital purposes shall not exceed CHF 8.0 million ( $7.8 million equivalent) or its equivalent in Optional Currencies, as applicable. The interest rate on the borrowings drawn in the form of fixed term advances (excluding Euro-based fixed term advances) is calculated based on the applicable LIBOR. With respect to fixed term advances in Euros, the interest rate on borrowings is calculated based on the applicable EURIBOR, plus an applicable margin, (initially set at 2.25% per annum) that is determined by the bank based on the financial performance of the Holdings Group. This facility also charges a commitment fee on the average unutilized amount of the facility of 30% of the applicable margin. At December 31, 2016 and 2015 , there were no outstanding borrowings on this facility. The total issued letters of guarantee on this facility had a face value of $5.0 million and $5.4 million at December 31, 2016 and December 31, 2015 , respectively. The letters were issued in various currencies. The terms of the credit facility contains customary representations, affirmative, negative and financial covenants and events of default. The credit facility is secured by mortgage notes in an aggregate amount of CHF 9.2 million ( $9.0 million equivalent) on two buildings owned by Kellenberger. In addition to the mortgage notes provided by Kellenberger, Holdings Group serves as a guarantor with respect to this facility. The facility is also subject to a minimum equity covenant requirement whereby the equity of both the Holdings Group and Kellenberger must be at least 35% of the subsidiary's balance sheet total assets. At December 31, 2016 , the Company was in compliance with the covenants under the loan agreement. Kellenberger also maintains a credit agreement with another bank. This agreement, which was originally entered into in October 2009 was most recently amended in May 2013 and is subject to annual renewal. This agreement provides a credit facility of up to CHF 7.0 million ( $6.9 million equivalent) for guarantees, documentary credit and margin cover for foreign exchange trades, of which up to CHF 3.0 million ( $2.9 million equivalent) is available for working capital purposes. The facility is secured by the subsidiary's certain real property up to CHF 3.0 million ( $2.9 million equivalent). The interest rate, currently at LIBOR plus 2.50% for a 90 -day borrowing, is determined by the bank based on the prevailing money and capital market conditions and the bank's assessment of the subsidiary. This facility carries no commitment fees on unused funds. At December 31, 2016 and 2015 , there were no working capital borrowings outstanding under this facility. The outstanding letters of guarantee on this facility at December 31, 2016 had a face value of CHF $0.2 million ( $0.2 million equivalent). There were no issued letters of guarantee at December 31, 2015. The above credit facility is subject to a minimum equity covenant requirement where the minimum equity for the subsidiary must be at least 35% of its balance sheet total assets. At December 31, 2016 , the Company was in compliance with the required covenant. In October 2015, Hardinge China Limited, an indirectly wholly-owned subsidiary in China, entered into a revised credit facility with a bank, subject to annual renewal. This facility, which provides up to $3.0 million for letters of guarantee, required Hardinge China Limited to maintain net worth of at least CNY 22.0 million ( $3.2 million equivalent). The facility was amended in August 2016 to remove the net worth requirement for Hardinge China Limited, and expires in August 2017. The total issued letters of guarantee at December 31, 2016 and December 31, 2015 had a face value of CNY 4.2 million ( $0.6 million equivalent) and CNY 6.0 million ( $0.9 million equivalent), respectively. Domestic Credit Facilities In May 2013 , the Company entered into an amended revolving credit facility for $25.0 million with a bank, which includes Hardinge Grinding Group and Forkardt as additional borrowers. The facility matures in April 2018 . The interest rate is determined from a pricing grid with LIBOR and base rate options, based on the Company's leverage ratio and was 2.94% and 2.50% at December 31, 2016 and December 31, 2015 respectively. This credit facility is secured by substantially all of the Company's U.S. assets (exclusive of real property), a negative pledge on its worldwide headquarters in Elmira, NY, and a pledge of 65% of our investment in Hardinge Holdings GmbH. The credit facility is guaranteed by Hardinge Technology Inc., one of the Company's wholly-owned subsidiaries, which is the owner of the real property comprising the Company's world headquarters. The credit facility charges a 0.25% commitment fee on unused funds and does not include any financial covenants. There were no borrowings outstanding under this facility at December 31, 2016 and 2015 . Letters of guarantee outstanding under this facility had a face value of $1.1 million and $0.9 million at December 31, 2016 and December 31, 2015, respectively. The Company has a $3.0 million unsecured short-term line of credit from a bank with an interest rate based on the prime rate with a floor of 5.0% and a ceiling of 16.0% . The agreement is negotiated annually, requires no commitment fee and is payable on demand. Outstanding borrowings on this line of credit were immaterial at December 31, 2016 and there were no outstanding borrowings on this line of credit at December 31, 2015 . The Company maintains a standby letter of credit for potential liabilities pertaining to self-insured workers compensation exposure, which is renewed annually. The amount of the letter of credit was $0.7 million at December 31, 2016 and December 31, 2015 . The letter of credit expires in March 2017 . Interest paid in 2016 , 2015 and 2014 totaled $0.4 million , $0.3 million and $0.8 million respectively.

RESTRUCUTRING CHARGES

RESTRUCUTRING CHARGES	12 Months Ended
	Dec. 31, 2016
Restructuring and Related Activities [Abstract]
Restructuring Charges	RESTRUCTURING CHARGES On August 4, 2015 , the Company's Board of Directors approved a strategic restructuring program (the "Program") with the goals of streamlining the Company's cost structure, increasing operational efficiencies and improving shareholder returns. This Program consisted of the consolidation of certain facilities and restructuring of certain business units and is expected to generate annual pre-tax savings in the range of approximately $4.5 million . The Program was completed during 2016, with the exception of severance and pension payments which have been fully reserved. Restructuring charges are included in the "Restructuring charges" line item in the Consolidated Statements of Operations. The table below presents the total costs incurred in connection with the Program, the amount of costs that have been recognized during the twelve months ended December 31, 2016 and 2015 and the cumulative costs recognized by the Program (in thousands): Cost Recognized for the Year Ended December 31, 2015 Cost Recognized for the Year Ended December 31, 2016 Total Cumulative Costs MMS Segment: Employee termination costs $ 255 $ — $ 255 Total MMS Segment 255 — 255 ATA Segment: Employee termination costs 3,045 269 3,314 Facility exit costs — 134 134 Other related costs 258 258 516 Total ATA Segment 3,303 661 3,964 Total: Employee termination costs 3,300 269 3,569 Facility exit costs — 134 134 Other related costs 258 258 516 Total Company $ 3,558 $ 661 $ 4,219 The amounts accrued associated with the Program are included in "Accrued expenses" and "Pension and postretirement liabilities" in the Consolidated Balance Sheets. A rollforward of the accrued restructuring costs is presented below (in thousands): Segment Total MMS ATA Balance at December 31, 2014 $ — $ — $ — Restructuring charges: Employee termination costs 255 3,045 3,300 Other related costs — 258 258 Total restructuring charges 255 3,303 3,558 Cash expenditures (85 ) (2,036 ) (2,121 ) Other adjustments to accrual (3 ) (5 ) (8 ) Foreign currency translation adjustment — (20 ) (20 ) Balance at December 31, 2015 $ 167 $ 1,242 $ 1,409 Balance at December 31, 2015 $ 167 $ 1,242 $ 1,409 Restructuring charges: Employee termination costs — 269 269 Facility exit costs — 134 134 Other related costs — 258 258 Total restructuring charges $ — $ 661 $ 661 Cash expenditures (43 ) (1,694 ) (1,737 ) Other adjustments to accrual 8 7 15 Foreign currency translation adjustment — 38 38 Balance at December 31, 2016 $ 132 $ 254 $ 386

WARRANTIES

WARRANTIES	12 Months Ended
	Dec. 31, 2016
Product Warranties Disclosures [Abstract]
WARRANTIES	WARRANTIES A reconciliation of the changes in the product warranty accrual, which is included in accrued expenses, is as follows (in thousands): December 31, 2016 2015 Balance at beginning of year $ 3,802 $ 3,891 Warranties issued 2,117 2,863 Warranty settlement costs (2,329 ) (2,741 ) Changes in accruals for pre-existing warranties 68 (157 ) Currency translation adjustments (102 ) (54 ) Balance at end of year $ 3,556 $ 3,802

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company's pre-tax income (loss) from continuing operations for domestic and foreign sources is as follows (in thousands): Year Ended December 31, 2016 2015 2014 Domestic $ (359 ) $ 1,675 $ (7,230 ) Foreign 3,426 2,763 6,105 Total $ 3,067 $ 4,438 $ (1,125 ) Significant components of income tax expense attributable to continuing operations are as follows (in thousands): Year Ended December 31, 2016 2015 2014 Current: State $ (16 ) $ 9 $ 47 Foreign 1,678 1,851 740 Total current 1,662 1,860 787 Deferred: Federal 158 155 (386 ) Foreign 23 (187 ) 832 Total deferred 181 (32 ) 446 Total income tax expense $ 1,843 $ 1,828 $ 1,233 The following is a reconciliation of income tax expense computed at the United States statutory rate to amounts shown in the Consolidated Statements of Operations : 2016 2015 2014 Federal income taxes at statutory rate 35.0 % 35.0 % 35.0 % Taxes on foreign income which differ from the U.S. statutory rate (22.1 ) (1.8 ) 13.9 Effect of change in the enacted rate (1.3 ) (2.6 ) — Change in valuation allowance (3.9 ) (2.3 ) 158.4 U.S. taxation of international operations 32.3 6.2 (170.1 ) Change in estimated liabilities 9.5 1.8 26.8 Non-deductible items 10.8 4.8 (170.9 ) State and local income taxes (0.1 ) 0.1 (2.7 ) 60.2 % 41.2 % (109.6 )% Significant components of the Company's deferred tax assets and liabilities are as follows (in thousands): December 31, 2016 2015 Deferred tax assets: Federal, state, and foreign net operating losses $ 20,372 $ 18,713 Postretirement benefits 631 608 Deferred employee benefits 1,688 1,924 Accrued pension 16,410 15,738 Inventory valuation 2,766 3,067 Foreign tax credit carryforwards 7,693 7,847 Other 2,030 2,804 $ 51,590 $ 50,701 Less valuation allowance (45,012 ) (43,663 ) Total deferred tax assets $ 6,578 $ 7,038 Deferred tax liabilities: Tax over book depreciation $ (3,509 ) $ (3,662 ) Inventory valuation (1,995 ) (2,006 ) Intangible assets (1,600 ) (1,637 ) Other (303 ) (391 ) Total deferred tax liabilities (7,407 ) (7,696 ) Net deferred tax liabilities $ (829 ) $ (658 ) In November 2015, the Financial Accounting Standards Board (“FASB”) issued an accounting standards update with new guidance on simplifying the presentation of deferred income taxes that requires deferred tax assets and liabilities, along with any related valuation allowance, to be classified as non-current on the balance sheet. We adopted the standards update effective December 31, 2016, electing to apply it retrospectively to all periods presented. The below table summarizes the adjustments made to conform prior period classification with the new guidance (in thousands): December 31, 2015 As Filed Reclass As Adjusted Deferred tax assets Current deferred income tax assets $ 2,102 (2,102 ) — Non-current deferred income tax assets 525 1,905 2,430 Total deferred income tax assets $ 2,627 $ (197 ) $ 2,430 Deferred tax liabilities Current deferred income tax liabilities (2,164 ) 2,164 — Non-current deferred income tax liabilities (1,121 ) (1,967 ) (3,088 ) Total deferred income tax liabilities $ (3,285 ) $ 197 $ (3,088 ) Net deferred tax assets and liabilities $ (658 ) $ — $ (658 ) Non-current deferred tax assets of $3.0 million and $2.4 million for 2016 and 2015 , respectively, are reported in " Other non-current assets " in the Consolidated Balance Sheets . In 2016 , the valuation allowance increased by $1.3 million , of which $0.4 million was due to operational results and $0.9 million of valuation allowance was recorded in other comprehensive income (loss). In 2015 , the valuation allowance decreased by $1.1 million , of which $1.0 million was due to operational results and $0.1 million of valuation allowance was recorded in other comprehensive income (loss). At December 31, 2016 , there were U.S. federal and state net operating loss carryforwards of $23.9 million and $21.6 million , respectively, which expire from 2028 through 2031 . If certain substantial changes in the Company's ownership occur, there would be an annual limitation on the amount of the carryforwards that can be utilized. The U.S. net operating loss includes approximately $2.2 million of the net operating loss carryforwards for which a benefit will be recorded in " Additional paid-in capital " in the Consolidated Balance Sheets when realized. There are Foreign Tax Credit Carryforwards of $7.7 million which expire between 2020 and 2025 . There also are foreign net operating loss carryforwards of $47.8 million , of which $11.1 million will expire between 2020 through 2036 , and of which $36.7 million have no expiration date. At the end of 2016 , the undistributed earnings of the Company's foreign subsidiaries, which amounted to approximately $52.4 million , are considered to be indefinitely reinvested and, accordingly, no provision for taxes has been provided thereon. Given the complexities of the foreign tax credit calculations, it is not practicable to compute the tax liability that would be due upon distribution of those earnings in the form of dividends or liquidation or sale of the foreign subsidiaries. A reconciliation of the beginning and ending amount of uncertain tax positions is as follows (in thousands): December 31, 2016 2015 2014 Balance at beginning of year $ 2,305 $ 2,342 $ 2,743 Additions for tax positions related to the current year 302 282 182 Additions for tax positions of prior years 72 263 430 Reductions for tax positions of prior years (832 ) — (393 ) Reductions due to lapse of applicable statutes of limitation — (582 ) (620 ) Balance at end of year $ 1,847 $ 2,305 $ 2,342 If recognized, essentially all of the uncertain tax positions and related interest at December 31, 2016 would be recorded as a benefit to income tax expense on the Consolidated Statements of Operations . It is reasonably possible that certain of the uncertain tax positions pertaining to the foreign operations may change within the next 12 months due to audit settlements and statute of limitations expirations. The estimated change in uncertain tax positions for these items is estimated to be up to $1.0 million . Interest and penalties related to uncertain tax positions are recorded as income tax expense in the Consolidated Statements of Operations . Accrued interest related to the uncertain tax positions was $0.1 million at December 31, 2016 and 2015 . There were no accrued penalties related to uncertain tax positions in 2016 and 2015 . The accrued interest is reported in other liabilities on the Consolidated Balance Sheets . The tax years 2013, 2014, 2015 and 2016 remain open to examination by the U.S. federal taxing authorities. The tax years 2011 through 2016 remain open to examination by the U.S. state taxing authorities. For other major jurisdictions (Switzerland, U.K., Taiwan, India, Germany, Netherlands and China); the tax years between 2008 and 2016 generally remain open to routine examination by foreign taxing authorities, depending on the jurisdiction. Net taxes paid in 2016 , 2015 and 2014 totaled $1.7 million , $1.5 million and $1.9 million , respectively.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES The Company is a defendant in various lawsuits as a result of normal operations and in the ordinary course of business. Management believes the outcome of these lawsuits will not have a material effect on the financial position or results of operations. The Company’s operations are subject to extensive federal, state, local and foreign laws and regulations relating to environmental matters. Certain environmental laws can impose joint and several liability for releases or threatened releases of hazardous substances upon certain statutorily defined parties regardless of fault or the lawfulness of the original activity or disposal. Hazardous substances and adverse environmental effects have been identified with respect to real property owned by the Company, and on adjacent parcels of real property. In particular, the Elmira, NY manufacturing facility is located within the Kentucky Avenue Wellfield on the National Priorities List of hazardous waste sites designated for cleanup by the United States Environmental Protection Agency (“EPA”) because of groundwater contamination. The Kentucky Avenue Wellfield Site (the “Site”) encompasses an area which includes sections of the Town of Horseheads and the Village of Elmira Heights in Chemung County, NY. In February 2006, the Company received a Special Notice Concerning a Remedial Investigation/Feasibility Study (“RI/FS”) for the Koppers Pond (the “Pond”) portion of the Site. The EPA documented the release and threatened release of hazardous substances into the environment at the Site, including releases into and in the vicinity of the Pond. The hazardous substances, including metals and polychlorinated biphenyls, have been detected in sediments in the Pond. Until receipt of this Special Notice in February 2006, the Company had never been named as a potentially responsible party (“PRP”) at the Site nor had the Company received any requests for information from the EPA concerning the Site. Environmental sampling on the Company’s property within this Site under supervision of regulatory authorities had identified off-site sources for such groundwater contamination and sediment contamination in the Pond, and found no evidence that the Company’s operations or property have contributed or are contributing to the contamination. All appropriate insurance carriers have been notified, and the Company is actively cooperating with them, but whether coverage will be available has not yet been determined and possible insurance recovery cannot be estimated with any degree of certainty at this time. A substantial portion of the Pond is located on the Company’s property. The Company, along with Beazer East, Inc., the Village of Horseheads, the Town of Horseheads, the County of Chemung, CBS Corporation and Toshiba America, Inc., (collectively, the "PRP's"), agreed to voluntarily participate in the RI/FS by signing an Administrative Settlement Agreement and Order of Consent on September 29, 2006. On September 29, 2006, the Director of Emergency and Remedial Response Division of the EPA, Region II, approved and executed the Agreement on behalf of the EPA. The PRP's also signed a PRP Member Agreement, agreeing to share the costs associated with the RI/FS study on a per capita basis. The EPA approved the RI/FS Work Plan in May of 2008. In July of 2012 the PRP's submitted a Remedial Investigation (RI) to respond to EPA issues raised in the initial draft RI. In January 2016, the PRP's submitted a draft Feasibility Study (FS), also to respond to issues raised by the EPA about previous drafts of the FS. In July 2016, the EPA announce its proposed remediation plan based on an alternative put forth in a July 2016 Woodruff & Curran FS with an estimated total clean-up phase cost of $1.9 million . The preferred remedy consists of the placement of a continuous six-inch thick soil and sand cap, including a geotextile membrane to act as a demarcation layer, over Koppers Pond. The preferred remedy includes long-term monitoring and institutional controls. After a public comment period the EPA concluded this RI phase of its process documented in a letter in December 2016. The company has $0.3 million as of December 31, 2016 as a reserve for its estimated related liability, assuming all of the PRP's would continue to share costs equally in the clean-up phase of the project. Based on our understanding including discussions with our experts, it is possible that the PRP's may change and/or the relative split of costs may be different for this final phase of the project. However, this will not be known for quite some time, and this ongoing estimate of “7 split equally” is viewed as the best possible estimate at the moment. This reserve is reported in Accrued expenses in the Consolidated Balance Sheets . Based upon information currently available, except as described in the preceding paragraphs, the Company does not have material liabilities for environmental remediation. Though the foregoing reflects the Company’s current assessment as it relates to environmental remediation obligations, it is possible that future remedial requirements or changes in the enforcement of existing laws and regulations, which are subject to extensive regulatory discretion, will result in material liabilities to the Company. The Company had purchase commitments of $23.5 million as of December 31, 2016 . The Company leases space for some of the manufacturing, sales and service operations with remaining lease terms of up to 7 years and use certain office equipment and automobiles under lease agreements expiring at various dates. Rent expense under these leases totaled $3.0 million , $3.3 million and $3.2 million , during the years ended December 31, 2016 , 2015 , and 2014 , respectively. At December 31, 2016 , future minimum payments under non-cancelable operating leases are as follows (in thousands): Year Amount 2017 $ 1,924 2018 1,245 2019 709 2020 85 2021 34 Thereafter 33 Total $ 4,030 The Company has entered into written employment contracts with its executive officers. The current effective term of the employment agreements is one year and the agreements contain an automatic, successive one year extension unless either party provides the other with two months prior notice of termination. In the case of a change in control, as defined in the employment contracts, the term of each officer's employment will be automatically extended for a period of two years following the date of the change in control. These employment contracts also provide for severance payments in the event of specified termination of employment, the amount of which is increased upon certain termination events to the extent such events occur within twelve months following a change in control.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2016
Stockholders' Equity Note [Abstract]
SHAREHOLDERS' EQUITY	SHAREHOLDERS' EQUITY The Company's common stock has a par value of $0.01 per share. The common stock outstanding activity for each of the years ended December 31, 2016 , 2015 , and 2014 was as follows (in shares): Common Stock 2016 2015 2014 Balance at beginning of year 12,838,227 12,821,768 12,397,867 Shares issued under stock offering program — — 403,863 Shares distributed/exercised 101,759 36,464 23,738 Shares purchased (45,776 ) (18,605 ) — Shares forfeited (416 ) (1,400 ) (3,700 ) Balance at end of year 12,893,794 12,838,227 12,821,768 On August 9, 2013, the Company entered into a sales agreement (the “Agreement”) with an independent sales agent (“Agent”), under which the Company could sell shares of its common stock, par value $0.01 per share (the “Shares”), having an aggregate offering price of up to $25.0 million through the Agent. Under the Agreement, the Agent could sell the Shares by methods deemed to be an “at-the-market” offering as defined in Rule 415 promulgated under the Securities Act of 1933, as amended. The Company's Board of Directors authorized this program for a period of one year ending August 8, 2014. As of December 31, 2014, 1,014,252 shares had been sold under the Agreement for aggregated net proceeds of $14.6 million , of which 663,276 of the shares sold were issued from treasury. The Registration Statement under which the shares were being offered expired in April 2016.

EMPLOYEE BENEFITS

EMPLOYEE BENEFITS	12 Months Ended
	Dec. 31, 2016
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]
EMPLOYEE BENEFITS	EMPLOYEE BENEFITS Pension and Postretirement Plans The Company provides a qualified defined benefit pension plan covering all eligible domestic employees hired before March 1, 2004. The plan bases benefits upon both years of service and earnings through June 15, 2009. The policy is to fund at least an amount necessary to satisfy the minimum funding requirements of ERISA. For the foreign plans, contributions are made on a monthly basis and are governed by their governmental regulations. Each foreign plan requires employer contributions. Additionally, one of the Swiss plans requires employee contributions. In 2010, the accrual of benefits under the domestic plan and one of the foreign plans were permanently frozen. Domestic employees hired on or after March 1, 2004 have retirement benefits under the 401(k) defined contribution plan. After the completion of one year of service, the Company will contribute 4% of an employee's pay and will further match 25% of the first 4% that the employee contributes. For employees participating in the domestic 401(k) plan, the Company made contributions of $1.7 million , $2.0 million , and $1.8 million in 2016 , 2015 , and 2014 , respectively. In conjunction with the permanent freeze of benefit accruals under the domestic defined benefit pension plan, employees that were actively participating in the domestic defined benefit pension plan became eligible to receive company contributions in the 401(k) plan. Additionally, upon reaching age 50 , employees who were age 40 or older as of January 1, 2011 and were participants in the domestic defined benefit pension plan are provided enhanced employer contributions in the 401(k) plan to compensate for the loss of future benefit accruals under the defined benefit pension plan. The Company recognized $1.6 million , $2.0 million , and $2.0 million of expense for the domestic defined contribution plan in 2016 , 2015 , and 2014 , respectively. Employees may contribute additional funds to the plan for which there is no required company match. All employer and employee contributions are invested at the direction of the employees in a number of investment alternatives, one being Hardinge Inc. common stock. In 2016 , as a result of a significant lump sum benefit paid out of the Switzerland Kellenberger Stiftung Plan, a $0.6 million settlement charge was recognized as of January 31, 2016 in the 2016 net periodic benefit cost. The annual 2016 net periodic benefit cost for this plan has been re-measured as a result of the settlement. In 2015 , as a result of a voluntary early retirement program that provided a temporary enhancement under the qualified domestic pension plan, a $0.2 million special termination benefit was recognized in the net period benefit cost. In 2014, as a result of significant lump sum benefits paid out of the Switzerland Pensionskasse L. Kellenberger Plan, a $0.8 million settlement charge was recognized in the net periodic benefit cost. This was offset by a $0.4 million curtailment gain, which was recognized as a result of a significant portion of the active population terminating employment. As a result of the acquisition of the Forkardt operations from Illinois Tool Works in May 2013, the benefit obligations of the Forkardt defined benefit and postretirement medical plans were assumed. These obligations included a Termination Indemnity Plan in France and a Postretirement Medical Plan in the U.S. The Company provides a contributory retiree health plan covering all eligible domestic employees who retire on or after age 65 with at least 10 years of service (the years of service requirement does not apply to individuals hired before 1993). Employees who elect early retirement on or after reaching age 55 are eligible for the medical coverage if they have 15 years of service at retirement. Benefit obligations and funding policies are at the discretion of management. Increases in the cost of the retiree health plan are paid by the participants. The Company also provides a non-contributory life insurance plan to individuals who retire on or after age 65 (or on or after age 55 if they have 15 years of service at retirement). Because the amount of liability relative to this plan is insignificant, it is combined with the health plan for purposes of this disclosure. The discount rate for determining benefit obligations in the postretirement benefits plans was 4.38% and 4.69% at December 31, 2016 and 2015 , respectively. The change in the discount rate increased the accumulated postretirement benefit obligation as of December 31, 2016 by $0.1 million . A summary of the pension and postretirement benefits plans' funded status and amounts recognized in the Consolidated Balance Sheets is as follows (in thousands): Pension Benefits Postretirement Benefits December 31, December 31, 2016 2015 2016 2015 Change in benefit obligation : Benefit obligation at beginning of year $ 234,350 $ 235,433 $ 1,683 $ 1,806 Service cost 2,178 1,953 11 12 Interest cost 6,624 6,676 76 74 Plan participants' contributions 1,516 1,516 292 338 Actuarial loss (gain) 7,117 (610 ) 67 (100 ) Foreign currency impact (4,686 ) (2,197 ) — — Benefits and administrative expenses paid (8,579 ) (8,619 ) (400 ) (447 ) Settlements (2,694 ) (37 ) — — Special termination benefits — 235 — — Benefit obligation at end of year 235,826 234,350 1,729 1,683 Change in plan assets: Fair value of plan assets at beginning of year 180,007 185,981 — — Actual return on plan assets 10,347 (597 ) — — Employer contributions 4,214 3,362 108 109 Plan participants' contributions 1,516 1,516 292 338 Foreign currency impact (4,063 ) (1,599 ) — — Benefits and administrative expenses paid (8,579 ) (8,619 ) (400 ) (447 ) Settlements (2,694 ) (37 ) — — Fair value of plan assets at end of year 180,748 180,007 — — Funded status of plans $ (55,078 ) $ (54,343 ) $ (1,729 ) $ (1,683 ) Amounts recognized in the Consolidated Balance Sheets consist of: Non-current assets $ 2,387 $ 1,638 $ — $ — Current liabilities (260 ) (264 ) (126 ) (112 ) Non-current liabilities (57,205 ) (55,717 ) (1,603 ) (1,571 ) Net amount recognized $ (55,078 ) $ (54,343 ) $ (1,729 ) $ (1,683 ) Amounts recognized in Accumulated Other Comprehensive (Loss) consists of: Net actuarial (loss) gain $ (80,837 ) $ (80,641 ) $ 581 $ 706 Transition asset — 249 — — Prior service credit 1,474 1,804 — — Accumulated other comprehensive (loss) income (79,363 ) (78,588 ) 581 706 Accumulated contributions in excess (deficit) of net periodic benefit cost 24,285 24,245 (2,310 ) (2,389 ) Net deficit recognized in Consolidated Balance Sheets $ (55,078 ) $ (54,343 ) $ (1,729 ) $ (1,683 ) The projected benefit obligations for the foreign pension plans included in the amounts above were $120.2 million and $120.3 million at December 31, 2016 and 2015 , respectively. The plan assets for the foreign pension plans included above were $105.1 million and $104.1 million at December 31, 2016 and 2015 , respectively. The accumulated benefit obligations for the foreign and domestic pension plans were $232.5 million and $230.2 million at December 31, 2016 and 2015 , respectively. The following information is presented for pension plans where the projected benefit obligations exceeded the fair value of plan assets (in thousands): Pension Benefits December 31, 2016 2015 Projected benefit obligations $ 230,724 $ 226,012 Fair value of plan assets 173,259 170,032 Excess of projected benefit obligations over plan assets $ 57,465 $ 55,980 The following information is presented for pension plans where the accumulated benefit obligations exceeded the fair value of plan assets (in thousands): Pension Benefits December 31, 2016 2015 Accumulated benefit obligations $ 227,145 $ 222,173 Fair value of plan assets 172,641 170,032 Excess of accumulated benefit obligations over plan assets $ 54,504 $ 52,141 A summary of the components of net periodic benefit cost for the Company, which includes an executive supplemental pension plan, is presented below (in thousands): Pension Benefits Postretirement Benefits Year Ended December 31, Year Ended December 31, 2016 2015 2014 2016 2015 2014 Service cost $ 2,178 $ 1,953 $ 1,421 $ 11 $ 12 $ 11 Interest cost 6,624 6,676 8,426 76 74 87 Expected return on plan assets (9,025 ) (9,555 ) (9,892 ) — — — Amortization of prior service credit (311 ) (318 ) (399 ) — — — Amortization of transition asset (214 ) (258 ) (276 ) — — — Settlement loss 633 16 810 — — — Special termination benefits — 235 — — — — Curtailment gain — — (409 ) — — — Amortization of loss (gain) 3,645 3,273 1,719 (58 ) (51 ) (57 ) Net periodic benefit cost (income) $ 3,530 $ 2,022 $ 1,400 $ 29 $ 35 $ 41 A summary of the changes in pension and postretirement benefits recognized in other comprehensive (income) loss is presented below (in thousands): Pension Benefits Postretirement Benefits Year Ended December 31, Year Ended December 31, 2016 2015 2014 2016 2015 2014 Net loss (gain) arising during year $ 5,794 $ 9,543 $ 30,044 $ 67 $ (100 ) $ 10 Amortization of transition asset 253 258 286 — — — Amortization of prior service credit 311 318 808 — — — Other gain — — — — — — Amortization of (gain) loss (4,317 ) (3,289 ) (2,539 ) 58 51 57 Foreign currency exchange impact (1,267 ) (835 ) (2,503 ) — — — Total recognized in other comprehensive (income) loss 774 5,995 26,096 125 (49 ) 67 Net recognized in net periodic benefit cost and other comprehensive (income) loss $ 4,304 $ 8,017 $ 27,496 $ 154 $ (14 ) $ 108 The net periodic benefit cost for the foreign pension plans included in the amounts above was $2.1 million , $0.6 million , and $0.7 million , for the years ended December 31, 2016 , 2015 , and 2014 , respectively. The Company expects to recognize $3.7 million of net loss, $0.0 million of net transition assets and $0.3 million of net prior service credit as components of net periodic benefit cost in 2017 for the defined benefit pension plans. The Company expects to recognize $0.04 million of net gain as a component of net periodic benefit cost for the postretirement benefits plans in 2017 . Actuarial assumptions used to determine pension costs and other postretirement benefit costs include: Pension Benefits Postretirement Benefits 2016 2015 2014 2016 2015 2014 Assumptions at January 1 For the domestic plans: Discount rate 4.75 % 4.28 % 5.24 % 4.69 % 4.23 % 5.13 % Expected return on plan assets 7.50 % 7.50 % 7.50 % N/A N/A N/A For the foreign plans: Weighted average discount rate 1.21 % 1.43 % 2.75 % Weighted average expected return on plan assets 3.91 % 3.95 % 3.91 % Weighted average rate of compensation increase 1.52 % 1.76 % 1.76 % Actuarial assumptions used to determine pension obligations and other postretirement benefit obligations include: Pension Benefits Postretirement Benefits 2016 2015 2016 2015 Assumptions at December 31 For the domestic plans: Discount rate 4.39 % 4.75 % 4.38 % 4.69 % For the foreign pension plans: Weighted average discount rate 0.89 % 1.21 % Weighted average rate of compensation increase 1.52 % 1.52 % For the domestic and foreign plans (except for the Taiwan plan), discount rates used to determine the benefit obligations are based on the yields on high grade corporate bonds in each market with maturities matching the projected benefit payments. The discount rate for the Taiwan plan is based on the yield on long-dated government bonds plus a spread. To develop the expected long-term rate of return on assets assumption, for the domestic and foreign plans, management considers the current level of expected returns on least risk investments (primarily government bonds) in each market, the historical level of the risk premium associated with the other asset classes in which the portfolio is invested, and the expectations for future returns of each asset class. The expected return for each asset class was then weighted based on the asset allocation to develop the expected long-term rate of return on assets assumption. The market-related value of assets for the U.S. qualified defined benefit pension plan recognizes asset losses and gains over a five-year period, which the Company believes is consistent with the long-term nature of the pension obligations. Investment Policies and Strategies For the qualified domestic defined benefit pension plan, the plan targets an asset allocation of approximately 55% equity securities, 36% debt securities and 9% other. For the foreign defined benefit pension plans, the plans target blended asset allocation of 38% equity securities, 44% debt securities and 18% other. Given the relatively long horizon of the aggregate obligation, the investment strategy is to improve and maintain the funded status of the domestic and foreign plans over time without exposure to excessive asset value volatility. This risk is managed primarily by maintaining actual asset allocations between equity and fixed income securities for the plans within a specified range of its target asset allocation. In addition, the Company ensures that diversification across various investment subcategories within each plan are also maintained within specified ranges. The domestic and foreign pension assets are managed by outside investment managers and held in trust by third-party custodians. The selection and oversight of these outside service providers is the responsibility of management, investment committees, plan trustees and their advisors. The selection of specific securities is at the discretion of the investment manager and is subject to the provisions set forth by written investment management agreements, related policy guidelines and applicable governmental regulations regarding permissible investments and risk control practices. Contributions The Company's funding policy is to contribute to the defined benefit pension plans when pension laws and economics either require or encourage funding. The Company contributions expected to be paid during the year ended December 31, 2017 to the qualified domestic plan are $2.0 million . The Company contributions expected to be paid during the year ending December 31, 2017 to the foreign defined benefit pension plans are $2.3 million . Additionally, one of the Switzerland plans requires employee contributions. Estimated Future Benefit Payments The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid (in thousands): Year Pension Benefits Postretirement Benefits 2017 $ 10,349 $ 126 2018 10,195 127 2019 11,120 130 2020 10,892 128 2021 11,417 128 Thereafter 59,463 529 Foreign Operations The Company has employees in certain foreign countries that are covered by defined contribution retirement plans and other employee benefit plans. Related obligations and costs charged to operations for these plans are not material. The foreign entities with defined benefit pension plans are included in the consolidated pension plans described earlier within this footnote.

STOCK BASED COMPENSATION

STOCK BASED COMPENSATION	12 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK BASED COMPENSATION	STOCK-BASED COMPENSATION On May 3, 2011, the Company's shareholders approved the 2011 Incentive Stock Plan (the "Plan"), which was amended on May 6, 2014. The Plan's purpose is to enhance the profitability and value of the Company for the benefit of its shareholders by attracting, retaining, and motivating officers and other key employees who make important contributions to the success of the Company. The Plan initially reserved 750,000 shares of the Company's common stock (as such amount may be adjusted in accordance with the terms of the Plan, the "Authorized Plan Amount") to be issued for grants of several different types of incentives including incentive stock options, non-qualified stock options, stock appreciation rights, restricted stock incentives, and performance share incentives. Any shares of common stock granted under options or stock appreciation rights prior to May 6, 2014 shall be counted against the Authorized Plan Amount on a one -for- one basis and any shares of common stock granted as awards other than options or stock appreciation rights shall be counted against the Authorized Plan Amount as two ( 2 ) shares of common stock for every one ( 1 ) share of common stock subject to such award. On May 6, 2014, the Company's Board of Directors approved an amendment to the plan to (a) increase the number of shares available for the plan to 1,500,000 , and (b) change the ratio of shares of common stock granted as awards other than options or stock appreciation rights to be counted against the Authorized Plan Amount as 1.75 shares of common stock for every one ( 1 ) share of common stock subject to such award. Authorized and issued shares of common stock or previously issued shares of common stock purchased by the Company for purposes of the Plan may be issued under the Plan. Stock-based compensation to employees is recorded in " Selling, general and administrative expenses " in the Consolidated Statements of Operations based on the fair value at the grant date of the award. These non-cash compensation costs were included in the " Depreciation and amortization " amounts in the Consolidated Statements of Cash Flows . A summary of stock-based compensation expense is as follows (in thousands): Year Ended December 31, 2016 2015 2014 Restricted stock/unit awards $ 244 $ 322 $ 409 Performance share incentives — (608 ) (80 ) Total stock-based compensation expense $ 244 $ (286 ) $ 329 Restricted stock/unit awards, performance share incentives and stock options are the only award types currently outstanding. Restricted stock/unit awards and performance share incentives are discussed below. Stock option activity is not significant. Restricted Stock/Unit Awards Restricted stock/units (the "RSA") are awarded to employees. RSAs vest at the end of the service period and are subject to forfeiture as well as transfer restrictions. During the vesting period, the RSAs are held by the Company and the recipients are entitled to exercise rights pertaining to such shares, including the right to vote such shares. The RSAs are valued based on the closing market price of the Company's common stock on the date of the grant. The deferred compensation is being amortized on a straight-line basis over four years for all outstanding RSAs. All outstanding RSAs are unvested. A summary of the RSA activity is as follows (in shares): Year Ended December 31, 2016 2015 2014 RSAs outstanding at beginning of year 105,875 160,175 165,875 Awarded — — — Vested (65,052 ) (50,000 ) — Canceled or forfeited (3,323 ) (4,300 ) (5,700 ) RSAs outstanding at end of year 37,500 105,875 160,175 Unamortized deferred compensation cost (in millions) $ 0.1 $ 0.3 $ 0.7 Expected weighted-average recognition period for unrecognized compensation cost (in years) 0.92 1.20 1.64 Performance Share Incentives Performance share incentives ("PSI") are awarded to certain employees. PSIs are expressed as shares of the Company's common stock. They are earned only if the Company meets specific performance targets over the specified performance period. During this period, PSI recipients have no voting rights. When dividends are declared, such dividends are deemed to be paid to the recipients. The Company withholds and accumulates the deemed dividends until such point that the PSIs are earned. If the PSIs are not earned, the accrued dividends are forfeited. The payment of PSIs can be in cash, or in the Company's common stock, or a combination of the two, at the discretion of the Company. The PSIs were first awarded to employees in 2011. The PSIs are valued based on the closing market price of the Company's common stock on the date of the grant. The deferred compensation is being recognized into earnings based on the passage of time and achievement of performance targets. A summary of the PSI activity is as follows (in shares): Year Ended December 31, 2016 2015 2014 PSIs outstanding at beginning of year 105,875 105,875 105,875 Awarded — — — Canceled or forfeited (54,066 ) — — PSIs outstanding at end of year 51,809 105,875 105,875 Unamortized deferred compensation cost (in millions) $ 0.6 $ 1.2 $ 0.6 Expected weighted-average recognition period for unrecognized compensation cost (in years) 0.97 1.16 2.16

CHANGES IN ACCUMULATED OTHER CO

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS	12 Months Ended
	Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS	CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS Changes in AOCI by component for 2016 , 2015 and 2014 are as follows (in thousands): Year Ended December 31, 2016 Foreign Retirement Unrealized gain (loss) on cash flow hedges Accumulated other comprehensive loss Beginning balance, net of tax $ 20,529 $ (69,100 ) $ (142 ) $ (48,713 ) Other comprehensive loss before reclassifications (4,811 ) (4,594 ) 63 (9,342 ) Less loss reclassified from AOCI — (3,695 ) (75 ) (3,770 ) Net other comprehensive loss (4,811 ) (899 ) 138 (5,572 ) Income tax expense (benefit) 235 103 33 371 Ending balance, net of tax $ 15,483 $ (70,102 ) $ (37 ) $ (54,656 ) Year Ended December 31, 2015 Foreign currency translation adjustments Retirement plans related adjustments Unrealized gain (loss) on cash flow hedges Accumulated other comprehensive loss Beginning balance, net of tax $ 25,913 $ (64,570 ) $ (144 ) $ (38,801 ) Other comprehensive loss before reclassifications (4,598 ) (8,607 ) (212 ) (13,417 ) Less (loss) income reclassified from AOCI — (2,662 ) (212 ) (2,874 ) Net other comprehensive loss (4,598 ) (5,945 ) — (10,543 ) Income tax expense (benefit) 786 (1,415 ) (2 ) (631 ) Ending balance, net of tax $ 20,529 $ (69,100 ) $ (142 ) $ (48,713 ) Year Ended December 31, 2014 Foreign Retirement Unrealized gain (loss) on cash flow hedges Accumulated other comprehensive loss Beginning balance, net of tax $ 38,663 $ (40,213 ) $ 131 $ (1,419 ) Other comprehensive income before (11,893 ) (27,551 ) (132 ) (39,576 ) Less (loss) income reclassified from AOCI — (1,388 ) 149 (1,239 ) Net other comprehensive income (11,893 ) (26,163 ) (281 ) (38,337 ) Income tax expense (benefit) 857 (1,806 ) (6 ) (955 ) Ending balance, net of tax $ 25,913 $ (64,570 ) $ (144 ) $ (38,801 ) Details about reclassification out of AOCI for the 2016 , 2015 , and 2014 are as follows (in thousands): Year Ended December 31, Affected line item on the Consolidated Statements of Operations Details of AOCI components 2016 2015 2014 Unrealized (loss) gain on cash flow hedges: $ 27 $ (120 ) $ 43 Sales (102 ) (92 ) 106 Other expense, net (75 ) (212 ) 149 Total before tax (16 ) 36 (8 ) Tax (expense) benefit $ (91 ) $ (176 ) $ 141 Net of tax Retirement plans related adjustments: Amortization of prior service credit $ 311 $ 318 $ 399 (a) Amortization of transition asset 253 258 276 (a) Amortization of actuarial loss (4,259 ) (3,238 ) (2,063 ) (a) (3,695 ) (2,662 ) (1,388 ) Total before tax 426 187 65 Tax benefit $ (3,269 ) $ (2,475 ) $ (1,323 ) Net of tax ____________________ (a) These AOCI components are included in the computation of net period pension and post retirement costs. See Note 14. "Employee Benefits" for details.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The Company operates through segments for which separate financial information is available, and for which operating results are evaluated regularly by the Company's chief operating decision maker in determining resource allocation and assessing performance. The two reportable business segments are Metalcutting Machine Solutions ("MMS") and Aftermarket Tooling and Accessories ("ATA"). Metalcutting Machine Solutions (MMS) This segment includes operations related to grinding, turning, and milling, as discussed below, and related repair parts. The products are considered to be capital goods with sales prices ranging from approximately forty thousand dollars for some high volume products to around two million dollars for some lower volume grinding machines or other specialty built turnkey systems of multiple machines. Sales are subject to economic cycles and, because they are most often purchased to add manufacturing capacity, the cycles can be severe with customers delaying purchases during down cycles and then aggressively requiring machine deliveries during up cycles. Machines are purchased to a lesser extent during down cycles as customers seek productivity improvements or they have new products that require new machining capabilities. The Company engineers and sells high precision computer controlled metalcutting turning machines, vertical machining centers, horizontal machining centers, grinding machines, and repair parts related to those machines. Turning Machines or lathes are power-driven machines used to remove material from either bar stock or a rough-formed part by moving multiple cutting tools against the surface of a part rotating at very high speeds in a spindle mechanism. The multi-directional movement of the cutting tools allows the part to be shaped to the desired dimensions. On parts produced by Hardinge machines, those dimensions are often measured in millionths of an inch. Management considers Hardinge to be a leader in the field of producing machines capable of consistently and cost-effectively producing parts to very close dimensions. Machining centers are designed to remove material from stationary, prismatic or box-like parts of various shapes with rotating tools that are capable of milling, drilling, tapping, reaming and routing. Machining centers have mechanisms that automatically change tools based on commands from an integrated computer control without operator assistance. Machining centers are generally purchased by the same customers who purchase other Hardinge equipment. The Company supplies a broad line of machining centers under the Bridgeport brand name addressing a range of sizes, speeds, and powers. Grinding machines are used in a machining process in which a part's surface is shaped to closer tolerances with a rotating abrasive wheel or tool. Grinding machines can be used to finish parts of various shapes and sizes. The Kellenberger and Usach grinding machines are used to grind the inside and outside diameters of cylindrical parts. Such grinding machines are typically used to provide a more exact finish on a part that has been partially completed on a lathe. The Hauser jig grinding machines are used to make demanding contour components, primarily for tool and mold-making applications. The Jones & Shipman brand is a line of high quality grinder (surface, creepfeed, and cylindrical) machines used by a wide range of industries. Voumard machines are high quality internal diameter cylindrical grinding systems. Aftermarket Tooling and Accessories (ATA) This segment includes products that are purchased by manufacturers throughout the lives of their machines. The prices of units are relatively low per piece with prices ranging from forty dollars on high volume collets to two hundred thousand dollars or more for specialty chucks, and they typically are considered to be a fairly consumable, but durable, product. The Company's products are used on all types and brands of machine tools, not limited to Hardinge Brand machines. Sales levels are affected by manufacturing cycles, but not as severely as capital goods lines. While customers may not purchase large dollar machines during a down cycle, their factories are operating with their existing equipment and accessories are still needed as they wear out or they are needed for a change in production requirements. The two primary product groups are collets and chucks. Collets are cone-shaped metal sleeves used for holding circular or rod like pieces in a lathe or other machine that provide effective part holding and accurate part location during machining operations. Chucks are a specialized clamping device used to hold an object with radial symmetry, especially a cylindrical object. A chuck is most commonly used to hold a rotating tool or a rotating work piece. Some of the specialty chucks can also hold irregularly shaped objects that lack radial symmetry. While the Company's products are known for accuracy and durability, they are consumable in nature. Segment income is measured for internal reporting purposes by excluding corporate expenses, acquisition related charges, impairment charges, interest income, interest expense, and income taxes. Corporate expenses consist primarily of executive employment costs, certain professional fees, and costs associated with the Company’s global headquarters. Financial results for each reportable segment are as follows (in thousands): Year Ended December 31, 2016 MMS ATA Inter-Segment Eliminations Total Sales $ 230,705 $ 61,647 $ (339 ) $ 292,013 Depreciation and amortization 5,764 2,055 7,819 Segment income 3,060 6,910 9,970 Capital expenditures 1,943 536 2,479 Segment assets (1) 219,503 45,776 265,279 Year Ended December 31, 2015 MMS ATA Inter-Segment Eliminations Total Sales $ 250,854 $ 65,128 $ (733 ) $ 315,249 Depreciation and amortization 6,497 2,285 8,782 Segment income 7,365 3,372 10,737 Capital expenditures 3,186 1,009 4,195 Segment assets (1) 226,265 48,069 274,334 Year Ended December 31, 2014 MMS ATA Inter-Segment Eliminations Total Sales $ 243,199 $ 68,788 $ (354 ) $ 311,633 Depreciation and amortization 6,952 2,545 9,497 Segment income 3,950 6,708 10,658 Capital expenditures 2,088 1,098 3,186 Segment assets (1) 241,340 49,476 290,816 ____________________ (1) Segment assets primarily consist of restricted cash, accounts receivable, inventories, prepaid and other assets, property, plant and equipment, and intangible assets. Unallocated assets primarily include, cash and cash equivalents, corporate property, plant and equipment, deferred income taxes, and other non-current assets. A reconciliation of segment income to consolidated income (loss) from continuing operations before income taxes for the years ended December 31, 2016 , 2015 , and 2014 are as follows (in thousands): Year Ended December 31, 2016 2015 2014 Segment income $ 9,970 $ 10,737 $ 10,658 Unallocated corporate expense (6,575 ) (5,800 ) (5,540 ) Acquisition related inventory step-up charge — — (86 ) Acquisition related expenses — — (178 ) Impairment charges — — (5,766 ) Interest expense, net (328 ) (499 ) (678 ) Other unallocated income — — 465 Income (loss) from continuing operations before income taxes $ 3,067 $ 4,438 $ (1,125 ) A reconciliation of segment assets to consolidated total assets follows (in thousands): December 31, December 31, December 31, Total segment assets $ 265,279 $ 274,334 $ 290,816 Unallocated assets 32,271 36,604 20,268 Total assets $ 297,550 $ 310,938 $ 311,084 Unallocated assets include cash of $28.3 million , $32.8 million and $16.3 million at December 31, 2016 , 2015 and 2014 , respectively. No single customer accounted for more than 5% of the consolidated sales in 2016 , 2015 or 2014 . Products are sold throughout the world and sales are attributed to countries based on the country where the products are shipped. Information concerning the principal geographic areas is follows (in thousands): 2016 2015 2014 Sales Long-lived Assets (1) Sales Long-lived Assets (1) Sales Long-lived Assets (1) North America United States $ 87,122 $ 35,166 $ 103,650 $ 37,607 $ 94,420 $ 39,656 Other 5,546 — 4,820 — 6,474 — Total North America 92,668 35,166 108,470 37,607 100,894 39,656 Europe England 7,925 340 12,780 555 13,848 604 Germany 38,573 1,333 34,830 1,388 46,543 1,741 Switzerland 5,210 28,025 7,613 30,322 6,834 31,524 Other 39,674 79 42,046 74 35,838 107 Total Europe 91,382 29,777 97,269 32,339 103,063 33,976 Asia China 94,816 9,242 92,727 10,515 88,933 11,543 Taiwan 2,957 13,534 3,772 13,453 4,296 14,603 Other 10,190 2,551 13,011 2,749 14,447 3,011 Total Asia 107,963 25,327 109,510 26,717 107,676 29,157 Consolidated Total $ 292,013 $ 90,270 $ 315,249 $ 96,663 $ 311,633 $ 102,789 ____________________ (1) Long-lived assets consist of property, plant and equipment, goodwill, and other intangible assets.

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
EARNINGS (LOSS) PER SHARE	EARNINGS (LOSS) PER SHARE Basic earnings (loss) per share is computed using the weighted average number of shares of common stock outstanding during the period. For diluted earnings (loss) per share, the weighted average number of shares includes common stock equivalents related to stock options and restricted stock. The following table presents the basis of the earnings (loss) per share computation (in thousands): Year Ended December 31, 2016 2015 2014 Numerator for basic and diluted earnings (loss) per share: Income (loss) from continuing operations $ 1,224 $ 2,610 $ (2,358 ) Gain from disposal of discontinued operation, net of tax — — 218 Net Income (loss) applicable to common shareholders $ 1,224 $ 2,610 $ (2,140 ) Denominator: Denominator for basic earnings (loss) per share — weighted average shares 12,824 12,776 12,661 Assumed exercise of stock options 20 21 — Assumed satisfaction of restricted stock conditions 65 75 — Denominator for diluted earnings (loss) per share — adjusted weighted average shares 12,909 12,872 12,661 For the year ended December 31, 2016 there were no shares excluded from the calculation of diluted earnings per share. For the years ended December 31, 2015 and December 31, 2014, there were15,995 and 39,752 shares of certain stock-based compensation awards excluded from the calculation of diluted earnings per share, as they were anti-dilutive.

SELECTED QUARTERLY FINANCIAL IN

SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED) Summarized quarterly financial information for 2016 and 2015 is as follows (in thousands, except per share data): Quarter First Second Third Fourth 2016 Sales $ 67,822 $ 70,186 $ 67,211 $ 86,794 Gross profit 22,744 23,553 23,151 28,079 Net (loss) income (1,245 ) 145 (1,383 ) 3,707 Per share data: Basic (loss) earnings per share (1) $ (0.10 ) $ 0.01 $ (0.11 ) $ 0.29 Diluted (loss) earnings per share (1) $ (0.10 ) $ 0.01 $ (0.11 ) $ 0.29 Basic weighted average shares outstanding 12,797 12,812 12,835 12,854 Diluted weighted average shares outstanding 12,797 12,898 12,835 12,922 Quarter First Second Third Fourth 2015 Sales $ 69,128 $ 82,356 $ 76,805 $ 86,960 Gross profit 21,855 26,962 25,369 30,352 Net (loss) income (1,408 ) 1,586 (327 ) 2,759 Per share data: Basic (loss) earnings per share (1) $ (0.11 ) $ 0.12 $ (0.03 ) $ 0.22 Diluted (loss) earnings per share (1) $ (0.11 ) $ 0.12 $ (0.03 ) $ 0.21 Basic weighted average shares outstanding 12,742 12,776 12,793 12,793 Diluted weighted average shares outstanding 12,742 12,857 12,793 12,886 ____________________ (1) Due to the changes in outstanding shares from quarter to quarter, the total earnings per share of the four quarters may not necessarily equal the earnings per share for the year.

NEW ACCOUNTING STANDARDS

NEW ACCOUNTING STANDARDS	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
NEW ACCOUNTING STANDARDS	NEW ACCOUNTING STANDARDS In January 2017 the FASB issued Accounting Standards Update ("ASU") No. 2017-01 Business Combinations: Clarifying the Definition of a Business . This guidance revises the definition of a business and may affect acquisitions, disposals, goodwill impairment and consolidation. The new guidance specifies that when substantially all of the fair value of gross assets acquired is concentrated in a single asset (or a group of similar assets), the assets acquired would not represent a business. The changes to the definition of a business in this guidance will likely result in more acquisitions being accounted for as asset acquisitions and would also affect the accounting for disposal transactions. The new guidance is effective in 2018. Early adoption is permitted. The Company is evaluating the impact that this guidance will have on the financial statements. In January 2017 the FASB issued ASU No: 2017-04, Intangibles - Goodwill and Other: Simplifying the Accounting for Goodwill Impairment . This guidance simplifies the accounting for goodwill impairment by eliminating the need to determine the fair value of individual assets and liabilities of a reporting unit to measure the goodwill impairment. The revised guidance is effective for calendar year end 2020. The Company is evaluating the impact that this guidance will have on the financial statements. In October 2016, the FASB issued ASU No. 2016-16, Accounting for Income Taxes: Intra-Entity Asset Transfers of Assets Other than Inventory , which removes the prohibition against the immediate recognition of the current and deferred income tax effects of intra-entity transfers of assets other than inventory. The new guidance is effective in fiscal years beginning after December 15, 2017, including interim periods within those years. The Company is evaluating the impact that this guidance will have on the financial statements. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows - a Consensus of the FASB’s Emerging Issues Task Force , which provides guidance intended to reduce diversity in practice in how certain transactions are classified in the statement of cash flows. In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows: Restricted Cash, which specifies that amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning of period and end of period total amounts shown on the statement of cash flows. These standards are effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. The Company is evaluating the impact that this guidance will have on the financial statements. In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation. The guidance simplifies several areas of accounting for share based compensation arrangements, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. This guidance is expected to impact net income, EPS, and the statement of cash flows. In particular, the tax effects of all stock compensation awards will be included in income. The guidance is effective for public companies in annual periods beginning after December 15, 2016, and interim periods within those years. The Company is evaluating the impact that this guidance will have on the financial statements. In March 2016 the FASB ASU No. 2016-05, Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships. The new guidance clarifies that a change in counterparty to a derivative contract (i.e. a novation), in and of itself, does not require the dedesignation of a hedging relationship provided that all other hedging criteria continue to be met. This guidance is effective for fiscal years beginning after December 15, 2017 and interim periods within fiscal years beginning after December 15, 2018. The Company does not expect that the adoption of this guidance will have a material impact on the financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases , which establishes a comprehensive new lease accounting model. ASU 2016-02 clarifies the definition of a lease, requires a dual approach to lease classification similar to current lease classifications, and requires lessees to recognize leases on the balance sheet as a lease liability with a corresponding right-of-use asset for leases with a lease-term of more than twelve months. This guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within the fiscal year, and requires modified retrospective application. Early adoption is permitted. The Company is evaluating the impact that this guidance will have on the financial statements. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities , which amends the guidance on the classification and measurement of financial instruments under the fair value option, as well as the presentation and disclosure requirements for financial instruments. Among other things, the new guidance requires equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. In addition, the guidance requires public companies to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, to separate presentation of financial assets and financial liabilities by measurement category and form of financial asset, and to eliminate the requirement to disclose the method(s) and significant assumptions used to estimate the fair value of financial instruments measured at amortized cost. The guidance is effective in fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company is evaluating the method to adopt this guidance and its impact on the financial statements and related disclosures. In November 2015, the FASB issued ASU No. 2015-17, Balance Sheet Classification of Deferred Taxes. The guidance requires that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. For public business entities, the guidance is effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Earlier application is permitted. The guidance may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. We adopted this guidance in December 2016, electing to apply it retrospectively to all periods presented. As a result, the Company reclassified $2.1 million and $2.2 million from current deferred tax assets and liabilities, respectively, reducing Other current assets and Deferred tax liabilities on the Consolidated Balance Sheets as of December 31, 2015. Non-current deferred tax assets and liabilities increased by $1.9 million and $2.0 million , respectively, resulting in an increase to Other non-current assets and Deferred income taxes on the Consolidate Balance Sheets, as of December 31, 2015. In July 2015, the FASB issued ASU No. 2015-11, Simplifying the Measurement of Inventory. authoritative guidance on the valuation of inventory. This guidance directs an entity to measure inventory at lower of cost or net realizable value, versus lower of cost or market. This guidance is effective for financial statements issued for fiscal years beginning after December 15, 2016, and all annual and interim periods thereafter. The Company uses estimated net realizable value as an approximation of fair value and therefore does not anticipate any changes to our financial statements as a result of this guidance. In April 2015, the FASB issued ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs. This guidance requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. In January 2016, the Company adopted the guidance. As a result, the Company reclassified $0.07 million and $0.09 million of debt issuance cost as of December 31, 2015 into Current portion of long-term debt and Long-term debt respectively to reduce the carrying amount of debt liability, from Other current assets and Other non-current assets on the Consolidated Balance Sheets. Unamortized debt issuance costs of $0.07 million and $0.02 million were recorded as Current portion of long-term debt and Long-term debt respectively to reduce the carrying amount of debt liability, on the Consolidated Balance Sheet at December 31, 2016. The Company's debt issuance cost amortization was not affected by the adoption of the new guidance. In August 2014, the FASB issued ASU No. 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern , which requires management to assess a company’s ability to continue as a going concern and to provide related footnote disclosures in certain circumstances. Under the new standard, disclosures are required when conditions give rise to substantial doubt about a company’s ability to continue as a going concern within one year from the financial statement issuance date. The new standard is effective for annual periods ending after December 15, 2016, and all annual and interim periods thereafter. The adoption of this guidance did not have a material impact on the Company's financial statements. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers. establishing a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. This update provides a five-step analysis in determining when and how revenue is recognized. The new model will require revenue recognition to depict the transfer of promised goods or services to customers in an amount that reflects the consideration a company expects to receive in exchange for those goods or services and will supersede most of the existing revenue recognition guidance, including industry-specific guidance. We have the option of using either a full retrospective or modified approach to adopt this guidance. Between August 2015 and May 2016, the FASB issued four additional updates to 1) ASU No. 2015-14, Deferral of the Effective Date , 2) ASU No. 2016-08, Principal versus Agent Considerations (Reporting Revenue Gross versus Net), 3) ASU No. 2016-10, Identifying Performance Obligations and Licensing, and 4) ASU No. 2016-12, Narrow-Scope Improvements and Practical Expedients to provide further guidance and clarification in accounting for revenue arising from contracts with customers. The new guidance is effective for annual reporting periods beginning after December 15, 2017, and all annual and interim periods thereafter. The Company has not determined the impact this standard may have on the financial statements, nor decided upon the method of adoption. The Company expects to complete a diagnostic assessment and begin developing solutions in the first half of 2017. In the second half of 2017, the Company expects to implement and test any changes in policy, processes, systems and internal controls and compute required transition adjustments and disclosures.

SCHEDULE II - VALUATION AND QUA

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Notes)	12 Months Ended
	Dec. 31, 2016
Valuation and Qualifying Accounts [Abstract]
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS	HARDINGE INC. AND SUBSIDIARIES Item 15(a) Schedule II-Valuation and Qualifying Accounts (in thousands) Balance at Beginning of Year Additions Charged to: Currency Translation Adjustments Balance at End of Year Costs & Expenses Other Accounts Deductions Year Ended December 31, 2016 Allowance for bad debts $ 873 $ 215 $ 41 $ 280 (1) $ (53 ) $ 796 Allowance for excess and obsolete inventory 22,704 3,612 — 2,829 (531 ) 22,956 Valuation allowance for deferred taxes 43,663 1,920 922 562 (931 ) 45,012 Total $ 67,240 $ 5,747 $ 963 $ 3,671 $ (1,515 ) $ 68,764 Year Ended December 31, 2015 Allowance for bad debts $ 1,062 $ 135 $ — $ 271 (1) $ (53 ) $ 873 Allowance for excess and obsolete inventory 21,307 3,995 314 2,521 (391 ) 22,704 Valuation allowance for deferred taxes 44,789 1,711 — 2,154 (683 ) 43,663 Total $ 67,158 $ 5,841 $ 314 $ 4,946 $ (1,127 ) $ 67,240 Year Ended December 31, 2014 Allowance for bad debts $ 1,139 $ 400 $ 4 $ 401 (1) $ (80 ) $ 1,062 Allowance for excess and obsolete inventory 22,032 3,451 16 2,533 (1,659 ) 21,307 Valuation allowance for deferred taxes 49,297 609 5,626 9,923 (820 ) 44,789 Total $ 72,468 $ 4,460 $ 5,646 $ 12,857 $ (2,559 ) $ 67,158 ____________________ (1) Uncollectable accounts written off, net of recoveries.

SIGNIFICANT ACCOUNTING POLICI29

SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Nature of Business	Nature of Business Hardinge Inc. ("Hardinge" or "the Company") is a machine tool manufacturer, which designs and manufactures computer-numerically controlled cutting lathes, machining centers, grinding machines, collets, chucks, index fixtures and other industrial products. Products are sold to customers in North America, Europe and Asia. A substantial portion of sales are to small and medium-sized independent job shops, which in turn sell machined parts to their industrial customers. Industries directly and indirectly served by the Company include: aerospace, automotive, communications, computer, construction equipment, defense, energy, farm equipment, medical equipment, recreational equipment and transportation. The Company operates through two reportable segments, Metalcutting Machine Solutions (“MMS”) and Aftermarket Tooling and Accessories (“ATA”). The MMS segment includes high precision computer controlled metalcutting turning machines, vertical machining centers, horizontal machining centers, grinding machines, and repair parts related to those machines. The ATA segment includes products, primarily collets and chucks that are purchased by manufacturers throughout the lives of their Hardinge or other branded machines.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany accounts and transactions are eliminated in consolidation.
Reclassifications	Reclassifications Certain prior year amounts have been reclassified to conform to the current year presentation.
Use of Estimates	Use of Estimates The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the Unites States of America ("US GAAP") which requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Cash Equivalents	Cash Equivalents Cash equivalents are highly liquid financial instruments with an original maturity of three months or less at the date of purchase.
Restricted Cash	Restricted Cash Occasionally, the Company is required to maintain cash deposits with certain banks with respect to contractual obligations as collateral for customer deposits. Additionally, restricted cash includes amounts due under mandatory principal reduction provisions associated with certain term debt agreements. As of December 31, 2016 and 2015 , the amount of restricted cash was approximately $2.9 million and $2.2 million , respectively.
Accounts Receivable	Accounts Receivable A review of the financial condition of the Company's customers is performed periodically through credit reviews. No collateral is required for sales made on open account terms. Letters of credit from major banks back the majority of sales in the Asian region. Concentrations of credit risk with respect to accounts receivable are generally limited due to the large number of customers comprising the customer base. Trade accounts receivable are considered to be past due when in excess of 30 days past terms, and charge off of uncollectible balances occurs when all collection efforts have been exhausted. The Company maintains an allowance for doubtful accounts for estimated losses resulting from the inability of customers to make required payments. The allowance for doubtful accounts was $0.8 million and $0.9 million at December 31, 2016 and 2015 , respectively. If the financial condition of customers were to deteriorate, resulting in an impairment of their ability to make payments, additional allowances would result in additional expense to the Company.
Other Current Assets	Other Current Assets Other current assets consist of prepaid insurance, prepaid real estate taxes, prepaid software license agreements, prepaid income taxes and deposits on certain inventory purchases. When applicable, prepayments are expensed on a straight-line basis over the corresponding life of the underlying asset.
Inventories	Inventories Inventories are stated at the lower of cost (computed in accordance with the first-in, first-out method) or market. Elements of cost include raw materials, purchased components, labor and overhead. The Company assesses the valuation of inventory balances, and reduce the carrying value of those inventories that are obsolete or in excess of forecasted usage to their estimated net realizable value. The net realizable value of such inventories is estimated based on analysis and assumptions including, but not limited to, historical usage, future demand and market requirements. The carrying value of inventory is also compared to the estimated selling price less costs to sell and inventory carrying value will be adjusted accordingly. Reductions to the carrying value of inventories are recorded in cost of goods sold. If future demand for products is less favorable than forecasts, inventories may need to be reduced, which would result in additional expense.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment are recorded at cost. Major additions, renewals or improvements that extend the useful lives of assets are capitalized. Maintenance and repairs are expensed to operations as incurred. Depreciation expense is computed using the straight-line and accelerated methods, generally over the following estimated useful lives of the assets (in years): Buildings 40 Machinery 12 Patterns, tools, jigs and furniture and fixtures 10 Office and computer equipment 3-5
Goodwill and Intangible Assets	Goodwill and Intangible Assets In accordance with Financial Accounting Standards Board ("FASB") Accounting Standard Update ("ASU") Topic 350, Intangibles-Goodwill and Other ("ASC 350"), goodwill and intangible assets with indefinite lives are not amortized but are tested for impairment annually on the first day of the fourth quarter or when events indicate that an impairment could exist. Goodwill impairment is deemed to exist if the carrying value of a reporting unit exceeds its estimated fair value. The reporting units are determined based upon whether discrete financial information is available and reviewed regularly, whether those units constitute a business, and the extent of economic similarities between those reporting units for purposes of aggregation. The reporting units identified under ASC 350-20-35-33 are at the component level, or one level below the reporting segment level as defined under ASC 280-10-50-10 "Segment Reporting-Disclosure." The Company has three reporting units. Goodwill is evaluated for potential impairment by assessing a range of qualitative factors including, but not limited to, macroeconomic conditions, industry conditions, the competitive environment, changes in the market for the Company's products and services, regulatory and political developments, entity specific factors such as strategy and changes in key personnel and overall financial performance. If it is determined after completing this assessment that it is more likely than not that the fair value of a reporting unit is less than its carrying value, a step-two impairment test is performed. The measurement of impairment of goodwill consists of two steps. In the first step, the fair value of each reporting unit is compared to its carrying value. As part of the impairment analysis, the fair value of each of its reporting units with goodwill is determined using the income approach and market approach. If the carrying value of the reporting unit exceeds its fair value, the second step of the analysis is performed to determine the amount of the impairment. The Company performed its qualitative assessment as of October 1, 2016 and determined that it was not more likely than not that the fair value of each of its reporting units with goodwill was less than that its applicable carrying value. Accordingly, the Company did not perform the two-step goodwill impairment test for any of its reporting units. See Note 7: "Goodwill and Intangible Assets" for more information. Intangible assets with indefinite lives are not subject to amortization. They are reviewed for impairment at least annually or more frequently if an event occurs or circumstances change that would indicate the carrying amount may be impaired. Intangible assets that are determined to have a finite life are amortized over their estimated useful lives and are also subject to review for impairment, if indicators of impairment are identified. Future impairment indicators, such as declines in forecasted cash flows, may cause additional significant impairment charges. Impairment charges could be based on such factors as the Company's stock price, forecasted cash flows, assumptions used, control premiums or other variables.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. To assess whether impairment exists, undiscounted cash flows are used to measure any impairment loss using discounted cash flows. Assets to be held for sale are reported at the lower of their carrying amount or fair value less costs to sell and are no longer depreciated.
Accrued Expenses	Accrued Expenses Accrued expenses include $8.0 million and $10.5 million in compensation related expenses at December 31, 2016 and 2015 , respectively, as well as $7.2 million of commissions payable for both years.
Income Tax	Income Taxes Deferred income tax assets and liabilities are recognized for the income tax consequences attributable to operating loss carryforwards, tax credit carryforwards, and differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred income tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which temporary differences are expected to be reversed. A valuation allowance is established when it is more likely than not that all or a portion of deferred tax assets are not expected to be realized. The Company assesses all available positive and negative evidence to determine whether a valuation allowance is needed. Positive and negative evidence to be considered includes scheduled reversals of deferred tax liabilities, projected future taxable income, tax-planning strategies, and results of recent operations. Supporting a conclusion that a valuation allowance is not necessary is difficult when there is negative evidence such as cumulative losses in recent years. A full valuation allowance is maintained on the tax benefits of the U.S. net deferred tax assets and it is expected that a full valuation allowance on future tax benefits will be recorded until an appropriate level of profitability in the U.S. is sustained. A valuation allowance is also maintained on the U.K., German, Dutch, and Canadian deferred tax assets related to tax loss carryforwards in those jurisdictions, as well as all other deferred tax assets of those entities. The calculation of the tax liabilities requires significant judgment, the use of estimates and the interpretation and application of complex tax laws. The provision for income taxes reflects a combination of income earned and taxed in the U.S. and the various states, as well as federal and provincial jurisdictions in Switzerland, U.K., Canada, Germany, France, the Netherlands, China, Taiwan, and India. Jurisdictional tax law changes, increases or decreases in permanent differences between book and tax items, accruals or adjustments of accruals for tax contingencies or valuation allowances, and the change in the mix of earnings from these taxing jurisdictions all affect the overall effective tax rate. The Company accounts for uncertain tax positions using a more likely than not recognition threshold. The evaluation of uncertain tax positions is based on factors including, but not limited to, changes in tax law, the measurement of tax positions taken or expected to be taken in tax returns, the effective settlement of matters subject to audit, new audit activity and changes in facts or circumstances related to a tax position. Interest and penalties related to uncertain tax positions are included as a component of income tax expense.
Revenue Recognition	Revenue Recognition Revenue from product sales is generally recognized upon shipment, provided persuasive evidence of an arrangement exists, the sales price is fixed or determinable, collectability is reasonably assured, and the title and risk of loss have passed to the customer. Sales are recorded net of discounts, customer sales incentives and returns. Discounts and customer sales incentives are typically negotiated as part of the sales terms at the time of sale and are recorded as a reduction of revenue. The Company does not routinely permit customers to return machines. In the rare case that a machine return is permitted, a restocking fee is typically charged. Returns of spare parts and workholding products are limited to a period of 90 days subsequent to purchase, excluding special orders which are not eligible for return. An estimate of returns, which is not significant, is recorded as a reduction of revenue and is based on historical experience. Transfer of ownership and risk of loss are generally not contingent upon contractual customer acceptance. Prior to shipment, each machine is tested to ensure the machine's compliance with standard operating specifications as listed in the promotional literature. On an exception basis, where larger multiple machine installations are delivered which require run-offs and customer acceptance at their facility, revenue is recognized in the period of customer acceptance.
Sales Tax/VAT	Sales Tax/VAT Taxes assessed by different governmental authorities are collected and remitted that are both imposed on and concurrent with revenue producing transactions between the Company and its customers. These taxes may include sales, use and value-added taxes. The collection of these taxes is reported on a net basis (excluded from revenues).
Shipping and Handling Costs	Shipping and Handling Costs Shipping and handling costs are recorded as part of cost of goods sold.
Warranties	Warranties The Company offers warranties for products sold. The specific terms and conditions of those warranties vary depending upon the product sold and the country in which the product was sold. A basic limited warranty is generally provided for a period of one to two years. The costs that may be incurred are estimated under the basic limited warranty, based largely upon actual warranty repair cost history and we record a liability for such costs when the related product revenue is recognized. The resulting accrual balance is reviewed during the year. Factors that affect the warranty liability include the number of installed units, historical and anticipated rates of warranty claims, and cost per claim. Extended warranties for some of the Company's products are also sold. These extended warranties usually cover a one year to two year period that begins after the basic warranty expires. Revenue from extended warranties are deferred and recognized on a straight-line basis across the term of the warranty contract. These liabilities are reported in " Accrued expenses " in the Consolidated Balance Sheets .
Research and Development Costs	Research and Development Costs The costs associated with research and development programs for new products and significant product improvements are expensed as incurred and reported in the Consolidated Statement of Operations.
Foreign Currency Translations and Re-measurement	Foreign Currency Translation and Re-measurement The functional currency of the Company's foreign subsidiaries is their local currency. Net assets are translated at month end exchange rates while income, expense and cash flow items are translated at average exchange rates for the applicable period. Translation adjustments are recorded within accumulated other comprehensive income (loss). Gains and losses resulting from foreign currency denominated transactions are included as a component of " Other expense, net " in the Consolidated Statements of Operations .
Fair Value of Financial Instruments	Fair Value of Financial Instruments Financial instruments consist primarily of cash and cash equivalents, accounts receivable, notes receivable, accounts payable, notes payable, long-term debt and foreign currency forwards. See Note 3. "Fair Value of Financial Instruments" for additional disclosure.
Derivative Financial Instruments	Derivative Financial Instruments As a multinational company, the results of operations and financial condition are exposed to market risk from changes in foreign currency exchange rates. To manage this risk, derivative instruments are entered into, namely in the form of foreign currency forwards. These derivative instruments are held to hedge economic exposures, such as fluctuations in foreign currency exchange rates on balance sheet exposures of both trade and intercompany assets and liabilities. This exposure is hedged with contracts settling in less than one year . These derivatives do not qualify for hedge accounting treatment. Gains or losses resulting from the changes in the fair value of these hedging contracts are recognized immediately in earnings. There are some forward contracts to hedge certain customer orders and vendor firm commitments. These contracts are typically for less than one year , and have maturity dates in alignment with the recognition dates of the underlying financial transactions. These derivatives qualify for hedge accounting treatment and are designated as cash flow hedges. Unrealized gains or losses resulting from the changes in the fair value of these hedging contracts are charged to other comprehensive income (loss) until the underlying transaction is recognized through earnings. Gains or losses on any ineffective portion of the contracts are recognized in earnings.
Stock-Based Compensation	Stock-Based Compensation Stock-based compensation is accounted for based on the estimated fair value of the award as of the grant date and recognized as expense over the requisite service period.
Earnings Per Share	Earnings Per Share Basic earnings per common share is computed by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per common share are calculated by adjusting the weighted average outstanding shares to assume conversion of all potentially dilutive shares.
New Accounting Standards	In January 2017 the FASB issued Accounting Standards Update ("ASU") No. 2017-01 Business Combinations: Clarifying the Definition of a Business . This guidance revises the definition of a business and may affect acquisitions, disposals, goodwill impairment and consolidation. The new guidance specifies that when substantially all of the fair value of gross assets acquired is concentrated in a single asset (or a group of similar assets), the assets acquired would not represent a business. The changes to the definition of a business in this guidance will likely result in more acquisitions being accounted for as asset acquisitions and would also affect the accounting for disposal transactions. The new guidance is effective in 2018. Early adoption is permitted. The Company is evaluating the impact that this guidance will have on the financial statements. In January 2017 the FASB issued ASU No: 2017-04, Intangibles - Goodwill and Other: Simplifying the Accounting for Goodwill Impairment . This guidance simplifies the accounting for goodwill impairment by eliminating the need to determine the fair value of individual assets and liabilities of a reporting unit to measure the goodwill impairment. The revised guidance is effective for calendar year end 2020. The Company is evaluating the impact that this guidance will have on the financial statements. In October 2016, the FASB issued ASU No. 2016-16, Accounting for Income Taxes: Intra-Entity Asset Transfers of Assets Other than Inventory , which removes the prohibition against the immediate recognition of the current and deferred income tax effects of intra-entity transfers of assets other than inventory. The new guidance is effective in fiscal years beginning after December 15, 2017, including interim periods within those years. The Company is evaluating the impact that this guidance will have on the financial statements. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows - a Consensus of the FASB’s Emerging Issues Task Force , which provides guidance intended to reduce diversity in practice in how certain transactions are classified in the statement of cash flows. In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows: Restricted Cash, which specifies that amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning of period and end of period total amounts shown on the statement of cash flows. These standards are effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. The Company is evaluating the impact that this guidance will have on the financial statements. In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation. The guidance simplifies several areas of accounting for share based compensation arrangements, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. This guidance is expected to impact net income, EPS, and the statement of cash flows. In particular, the tax effects of all stock compensation awards will be included in income. The guidance is effective for public companies in annual periods beginning after December 15, 2016, and interim periods within those years. The Company is evaluating the impact that this guidance will have on the financial statements. In March 2016 the FASB ASU No. 2016-05, Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships. The new guidance clarifies that a change in counterparty to a derivative contract (i.e. a novation), in and of itself, does not require the dedesignation of a hedging relationship provided that all other hedging criteria continue to be met. This guidance is effective for fiscal years beginning after December 15, 2017 and interim periods within fiscal years beginning after December 15, 2018. The Company does not expect that the adoption of this guidance will have a material impact on the financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases , which establishes a comprehensive new lease accounting model. ASU 2016-02 clarifies the definition of a lease, requires a dual approach to lease classification similar to current lease classifications, and requires lessees to recognize leases on the balance sheet as a lease liability with a corresponding right-of-use asset for leases with a lease-term of more than twelve months. This guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within the fiscal year, and requires modified retrospective application. Early adoption is permitted. The Company is evaluating the impact that this guidance will have on the financial statements. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities , which amends the guidance on the classification and measurement of financial instruments under the fair value option, as well as the presentation and disclosure requirements for financial instruments. Among other things, the new guidance requires equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. In addition, the guidance requires public companies to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, to separate presentation of financial assets and financial liabilities by measurement category and form of financial asset, and to eliminate the requirement to disclose the method(s) and significant assumptions used to estimate the fair value of financial instruments measured at amortized cost. The guidance is effective in fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company is evaluating the method to adopt this guidance and its impact on the financial statements and related disclosures. In November 2015, the FASB issued ASU No. 2015-17, Balance Sheet Classification of Deferred Taxes. The guidance requires that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. For public business entities, the guidance is effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Earlier application is permitted. The guidance may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. We adopted this guidance in December 2016, electing to apply it retrospectively to all periods presented. As a result, the Company reclassified $2.1 million and $2.2 million from current deferred tax assets and liabilities, respectively, reducing Other current assets and Deferred tax liabilities on the Consolidated Balance Sheets as of December 31, 2015. Non-current deferred tax assets and liabilities increased by $1.9 million and $2.0 million , respectively, resulting in an increase to Other non-current assets and Deferred income taxes on the Consolidate Balance Sheets, as of December 31, 2015. In July 2015, the FASB issued ASU No. 2015-11, Simplifying the Measurement of Inventory. authoritative guidance on the valuation of inventory. This guidance directs an entity to measure inventory at lower of cost or net realizable value, versus lower of cost or market. This guidance is effective for financial statements issued for fiscal years beginning after December 15, 2016, and all annual and interim periods thereafter. The Company uses estimated net realizable value as an approximation of fair value and therefore does not anticipate any changes to our financial statements as a result of this guidance. In April 2015, the FASB issued ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs. This guidance requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. In January 2016, the Company adopted the guidance. As a result, the Company reclassified $0.07 million and $0.09 million of debt issuance cost as of December 31, 2015 into Current portion of long-term debt and Long-term debt respectively to reduce the carrying amount of debt liability, from Other current assets and Other non-current assets on the Consolidated Balance Sheets. Unamortized debt issuance costs of $0.07 million and $0.02 million were recorded as Current portion of long-term debt and Long-term debt respectively to reduce the carrying amount of debt liability, on the Consolidated Balance Sheet at December 31, 2016. The Company's debt issuance cost amortization was not affected by the adoption of the new guidance. In August 2014, the FASB issued ASU No. 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern , which requires management to assess a company’s ability to continue as a going concern and to provide related footnote disclosures in certain circumstances. Under the new standard, disclosures are required when conditions give rise to substantial doubt about a company’s ability to continue as a going concern within one year from the financial statement issuance date. The new standard is effective for annual periods ending after December 15, 2016, and all annual and interim periods thereafter. The adoption of this guidance did not have a material impact on the Company's financial statements. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers. establishing a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. This update provides a five-step analysis in determining when and how revenue is recognized. The new model will require revenue recognition to depict the transfer of promised goods or services to customers in an amount that reflects the consideration a company expects to receive in exchange for those goods or services and will supersede most of the existing revenue recognition guidance, including industry-specific guidance. We have the option of using either a full retrospective or modified approach to adopt this guidance. Between August 2015 and May 2016, the FASB issued four additional updates to 1) ASU No. 2015-14, Deferral of the Effective Date , 2) ASU No. 2016-08, Principal versus Agent Considerations (Reporting Revenue Gross versus Net), 3) ASU No. 2016-10, Identifying Performance Obligations and Licensing, and 4) ASU No. 2016-12, Narrow-Scope Improvements and Practical Expedients to provide further guidance and clarification in accounting for revenue arising from contracts with customers. The new guidance is effective for annual reporting periods beginning after December 15, 2017, and all annual and interim periods thereafter. The Company has not determined the impact this standard may have on the financial statements, nor decided upon the method of adoption. The Company expects to complete a diagnostic assessment and begin developing solutions in the first half of 2017. In the second half of 2017, the Company expects to implement and test any changes in policy, processes, systems and internal controls and compute required transition adjustments and disclosures.

SIGNIFICANT ACCOUNTING POLICI30

SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION (Tables)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Schedule of useful lives of fixed assets	Buildings 40 Machinery 12 Patterns, tools, jigs and furniture and fixtures 10 Office and computer equipment 3-5

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	12 Months Ended
	Dec. 31, 2016
ACQUISITIONS
Schedule of unaudited pro forma effect on consolidated operating results	The following table illustrates the unaudited pro forma effect on the Company’s consolidated operating results for the year ended December 31, 2014 as if the Voumard acquisition had occurred on January 1, 2014 (in thousands, except per share data) : Year Ended 2014 Sales $ 318,061 Net (loss) income from continuing operations (1) (7,827 ) Diluted (loss) earnings per share from continuing operations $ (0.62 )
Voumard [Member]
ACQUISITIONS
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	The following table summarizes the fair values of the assets acquired and liabilities assumed in the Voumard acquisition at the date of acquisition (in thousands): September 22, 2014 Assets Acquired Inventories $ 2,984 Property, plant and equipment 259 Drawings, customer lists, and other intangible assets 131 Total assets acquired 3,374 Liabilities Assumed Warranties 600 Deferred tax liability 162 Net assets acquired 2,612 Total purchase price 2,150 Bargain purchase gain $ (462 )

FAIR VALUE OF FINANCIAL INSTR32

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Schedule of carrying amount, fair values and classification of financial instruments measured or disclosed at fair value on a recurring basis	The following table presents the carrying amount, fair values, and classification level within the fair value hierarchy of financial instruments measured or disclosed at fair value on a recurring basis (in thousands): December 31, 2016 December 31, 2015 Level of Fair Value Hierarchy Carrying Amount Fair Value Carrying Amount Fair Value Assets: Cash and cash equivalents $ 28,255 $ 28,255 $ 32,774 $ 32,774 Level 1 Restricted cash 2,923 2,923 2,192 2,192 Level 1 Foreign currency forward contracts 308 308 163 163 Level 2 Liabilities: Variable interest rate debt 5,986 5,986 11,771 11,771 Level 2 Foreign currency forward contracts 566 566 418 418 Level 2
Schedule of fair value on the Consolidated Balance Sheets of the foreign currency forward contracts	The following table presents the fair value on the Consolidated Balance Sheets of the foreign currency forward contracts (in thousands): December 31, December 31, Foreign currency forwards designated as hedges: Other current assets $ 153 $ 49 Accrued expenses (264 ) (222 ) Foreign currency forwards not designated as hedges: Other current assets 155 114 Accrued expenses (302 ) (196 ) Foreign currency forwards, net $ (258 ) $ (255 )
Schedule of Allocation of Plan Assets [Table Text Block]	The fair values and classification of the defined benefit plan assets is as follows (in thousands): December 31, 2016 Total Level 1 Level 2 Level 3 Growth funds (1) $ 39,247 $ 39,247 $ — $ — Income funds (2) 25,276 25,276 — — Growth and income funds (3) 84,176 — 84,176 — Hedge funds (4) 22,860 — — 22,860 Real estate funds 3,327 761 2,566 — Other assets 2,128 618 1,510 — Cash and cash equivalents 3,735 3,735 — — Total $ 180,749 $ 69,637 $ 88,252 $ 22,860 December 31, 2015 Total Level 1 Level 2 Level 3 Growth funds (1) $ 37,472 $ 37,472 $ — $ — Income funds (2) 23,401 23,401 — — Growth and income funds (3) 83,247 — 83,247 — Hedge funds (4) 27,071 — — 27,071 Real estate funds 3,246 769 2,477 — Other assets 1,514 582 932 — Cash and cash equivalents 4,056 4,056 — — Total $ 180,007 $ 66,280 $ 86,656 $ 27,071 ____________________ (1) Growth funds represent a type of fund containing a diversified portfolio of domestic and international equities with a goal of capital appreciation. (2) Income funds represent a type of fund with an emphasis on current income as opposed to capital appreciation. Such funds may contain a variety of domestic and international government and corporate debt obligations, preferred stock, money market instruments and dividend-paying stocks. (3) Growth and income funds represent a type of fund containing a combination of growth and income securities. (4) Hedge funds represent a managed portfolio of investments that use advanced investment strategies such as leveraged, long, short and derivative positions in both domestic and international markets with the goal of generating high returns. These funds are subject to quarterly redemptions and advanced notification requirements, as well as the right to delay redemption until sufficient fund liquidity exists.
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]	A summary of the changes in the fair value of the defined benefit plans assets classified within Level 3 of the valuation hierarchy is as follows (in thousands): Year Ended 2016 2015 Balance at beginning of year $ 27,071 $ 27,820 Purchases 1,000 1,750 Sales and settlements (5,335 ) (2,300 ) Unrealized (losses) gains 124 (199 ) Realized (losses) — — Balance at end of year $ 22,860 $ 27,071

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2016
Inventory Disclosure [Abstract]
Schedule of net inventories	Net inventories consist of the following (in thousands): December 31, December 31, Raw materials and purchased components $ 33,822 $ 34,438 Work-in-process 31,799 33,682 Finished products 41,397 42,112 Inventories, net $ 107,018 $ 110,232

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Schedule of components of property, plant and equipment, net	Property, plant and equipment consists of the following (in thousands): December 31, December 31, Land, buildings and improvements $ 81,311 $ 82,201 Machinery, equipment and fixtures 75,177 79,176 Office furniture, equipment and vehicles 22,471 22,689 Construction in progress 272 238 179,231 184,304 Accumulated depreciation (122,270 ) (122,279 ) Property, plant and equipment, net $ 56,961 $ 62,025

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of detail and activity of goodwill by segment	Detail and activity of goodwill by segment is presented below (in thousands): MMS ATA Total Goodwill $ 32,434 $ 6,698 $ 39,132 Accumulated impairment losses (32,434 ) — (32,434 ) Balance at December 31, 2014 — 6,698 6,698 Currency translation adjustments — (78 ) (78 ) Goodwill 32,434 6,620 39,054 Accumulated impairment losses (32,434 ) — (32,434 ) Balance at December 31, 2015 — 6,620 6,620 Currency translation adjustments — (41 ) (41 ) Goodwill 32,434 6,579 39,013 Accumulated impairment losses (32,434 ) — (32,434 ) Balance at December 31, 2016 $ — $ 6,579 $ 6,579
Summary of the major components of intangible assets other than goodwill	The major components of intangible assets other than goodwill are as follows (in thousands): December 31, December 31, Gross amortizable intangible assets: Technical know-how $ 12,944 $ 12,956 Customer lists 8,981 9,011 Land rights 2,498 2,672 Patents, trade names, drawings, and other 4,356 4,393 Total gross amortizable intangible assets 28,779 29,032 Accumulated amortization: Technical know-how (7,438 ) (6,833 ) Customer lists (1,744 ) (1,315 ) Land rights (304 ) (271 ) Patents, trade names, drawings, and other (3,490 ) (3,406 ) Total accumulated amortization (12,976 ) (11,825 ) Amortizable intangible assets, net 15,803 17,207 Indefinite lived intangible assets: Trade names 10,927 10,811 Intangible assets other than goodwill, net $ 26,730 $ 28,018
Schedule of finite-lived intangible asset amortization expense	Amortization expense related to the definite-lived intangible assets are as follows (in thousands): Year Ended December 31, 2016 2015 2014 Amortization expense $ 1,282 $ 1,804 $ 1,810
Schedule of finite-lived intangible assets, future amortization expense	Estimated amortization expense for each of the five succeeding fiscal years and thereafter is as follows (in thousands): Fiscal Year Future Estimated Amortization 2017 $ 1,247 2018 1,091 2019 1,073 2020 1,031 2021 1,013 Thereafter 10,348

FINANCING ARRANGEMENTS Financin

FINANCING ARRANGEMENTS Financing Arrangements (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Schedule of long-term debt	Long-term debt consists of (in thousands): December 31, 2016 2015 Mortgage loans $ — $ 2,070 Term loans, net of unamortized debt issuance fees 5,893 9,536 Total long-term debt $ 5,893 $ 11,606 Current portion, net of unamortized debt issuance fees (2,923 ) (5,621 ) Total long-term debt, less current portion $ 2,970 $ 5,985
Schedule of maturities of long-term debt	The annual maturities of long-term debt for each of the years after December 31, 2016 , are as follows (in thousands): Year Amount 2017 $ 2,993 2018 2,993 $ 5,986

RESTRUCUTRING CHARGES (Tables)

RESTRUCUTRING CHARGES (Tables)	12 Months Ended
	Dec. 31, 2016
Restructuring and Related Activities [Abstract]
Summary of Cost Incurred and Expected to be Incurred and the Restructuring Reserve	The table below presents the total costs incurred in connection with the Program, the amount of costs that have been recognized during the twelve months ended December 31, 2016 and 2015 and the cumulative costs recognized by the Program (in thousands): Cost Recognized for the Year Ended December 31, 2015 Cost Recognized for the Year Ended December 31, 2016 Total Cumulative Costs MMS Segment: Employee termination costs $ 255 $ — $ 255 Total MMS Segment 255 — 255 ATA Segment: Employee termination costs 3,045 269 3,314 Facility exit costs — 134 134 Other related costs 258 258 516 Total ATA Segment 3,303 661 3,964 Total: Employee termination costs 3,300 269 3,569 Facility exit costs — 134 134 Other related costs 258 258 516 Total Company $ 3,558 $ 661 $ 4,219 The amounts accrued associated with the Program are included in "Accrued expenses" and "Pension and postretirement liabilities" in the Consolidated Balance Sheets. A rollforward of the accrued restructuring costs is presented below (in thousands): Segment Total MMS ATA Balance at December 31, 2014 $ — $ — $ — Restructuring charges: Employee termination costs 255 3,045 3,300 Other related costs — 258 258 Total restructuring charges 255 3,303 3,558 Cash expenditures (85 ) (2,036 ) (2,121 ) Other adjustments to accrual (3 ) (5 ) (8 ) Foreign currency translation adjustment — (20 ) (20 ) Balance at December 31, 2015 $ 167 $ 1,242 $ 1,409 Balance at December 31, 2015 $ 167 $ 1,242 $ 1,409 Restructuring charges: Employee termination costs — 269 269 Facility exit costs — 134 134 Other related costs — 258 258 Total restructuring charges $ — $ 661 $ 661 Cash expenditures (43 ) (1,694 ) (1,737 ) Other adjustments to accrual 8 7 15 Foreign currency translation adjustment — 38 38 Balance at December 31, 2016 $ 132 $ 254 $ 386

WARRANTIES (Tables)

WARRANTIES (Tables)	12 Months Ended
	Dec. 31, 2016
Product Warranties Disclosures [Abstract]
Schedule of reconciliation of changes in product warranty accrual included in accrued expenses	A reconciliation of the changes in the product warranty accrual, which is included in accrued expenses, is as follows (in thousands): December 31, 2016 2015 Balance at beginning of year $ 3,802 $ 3,891 Warranties issued 2,117 2,863 Warranty settlement costs (2,329 ) (2,741 ) Changes in accruals for pre-existing warranties 68 (157 ) Currency translation adjustments (102 ) (54 ) Balance at end of year $ 3,556 $ 3,802

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income before taxes	The Company's pre-tax income (loss) from continuing operations for domestic and foreign sources is as follows (in thousands): Year Ended December 31, 2016 2015 2014 Domestic $ (359 ) $ 1,675 $ (7,230 ) Foreign 3,426 2,763 6,105 Total $ 3,067 $ 4,438 $ (1,125 )
Components of income tax provision (benefits)	Significant components of income tax expense attributable to continuing operations are as follows (in thousands): Year Ended December 31, 2016 2015 2014 Current: State $ (16 ) $ 9 $ 47 Foreign 1,678 1,851 740 Total current 1,662 1,860 787 Deferred: Federal 158 155 (386 ) Foreign 23 (187 ) 832 Total deferred 181 (32 ) 446 Total income tax expense $ 1,843 $ 1,828 $ 1,233
Effective income tax reconciliation	The following is a reconciliation of income tax expense computed at the United States statutory rate to amounts shown in the Consolidated Statements of Operations : 2016 2015 2014 Federal income taxes at statutory rate 35.0 % 35.0 % 35.0 % Taxes on foreign income which differ from the U.S. statutory rate (22.1 ) (1.8 ) 13.9 Effect of change in the enacted rate (1.3 ) (2.6 ) — Change in valuation allowance (3.9 ) (2.3 ) 158.4 U.S. taxation of international operations 32.3 6.2 (170.1 ) Change in estimated liabilities 9.5 1.8 26.8 Non-deductible items 10.8 4.8 (170.9 ) State and local income taxes (0.1 ) 0.1 (2.7 ) 60.2 % 41.2 % (109.6 )%
Significant components of deferred tax assets (liabilities)	Significant components of the Company's deferred tax assets and liabilities are as follows (in thousands): December 31, 2016 2015 Deferred tax assets: Federal, state, and foreign net operating losses $ 20,372 $ 18,713 Postretirement benefits 631 608 Deferred employee benefits 1,688 1,924 Accrued pension 16,410 15,738 Inventory valuation 2,766 3,067 Foreign tax credit carryforwards 7,693 7,847 Other 2,030 2,804 $ 51,590 $ 50,701 Less valuation allowance (45,012 ) (43,663 ) Total deferred tax assets $ 6,578 $ 7,038 Deferred tax liabilities: Tax over book depreciation $ (3,509 ) $ (3,662 ) Inventory valuation (1,995 ) (2,006 ) Intangible assets (1,600 ) (1,637 ) Other (303 ) (391 ) Total deferred tax liabilities (7,407 ) (7,696 ) Net deferred tax liabilities $ (829 ) $ (658 )
Summary of the adjustments made to conform prior period classification	The below table summarizes the adjustments made to conform prior period classification with the new guidance (in thousands): December 31, 2015 As Filed Reclass As Adjusted Deferred tax assets Current deferred income tax assets $ 2,102 (2,102 ) — Non-current deferred income tax assets 525 1,905 2,430 Total deferred income tax assets $ 2,627 $ (197 ) $ 2,430 Deferred tax liabilities Current deferred income tax liabilities (2,164 ) 2,164 — Non-current deferred income tax liabilities (1,121 ) (1,967 ) (3,088 ) Total deferred income tax liabilities $ (3,285 ) $ 197 $ (3,088 ) Net deferred tax assets and liabilities $ (658 ) $ — $ (658 )
Reconciliation of beginning and ending unrecognized tax benefits (liabilities)	A reconciliation of the beginning and ending amount of uncertain tax positions is as follows (in thousands): December 31, 2016 2015 2014 Balance at beginning of year $ 2,305 $ 2,342 $ 2,743 Additions for tax positions related to the current year 302 282 182 Additions for tax positions of prior years 72 263 430 Reductions for tax positions of prior years (832 ) — (393 ) Reductions due to lapse of applicable statutes of limitation — (582 ) (620 ) Balance at end of year $ 1,847 $ 2,305 $ 2,342

COMMITMENTS AND CONTINGENCIES C

COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	At December 31, 2016 , future minimum payments under non-cancelable operating leases are as follows (in thousands): Year Amount 2017 $ 1,924 2018 1,245 2019 709 2020 85 2021 34 Thereafter 33 Total $ 4,030

SHAREHOLDERS' EQUITY (Tables)

SHAREHOLDERS' EQUITY (Tables)	12 Months Ended
	Dec. 31, 2016
Stockholders' Equity Note [Abstract]
Schedule of Stock by Class [Table Text Block]	The Company's common stock has a par value of $0.01 per share. The common stock outstanding activity for each of the years ended December 31, 2016 , 2015 , and 2014 was as follows (in shares): Common Stock 2016 2015 2014 Balance at beginning of year 12,838,227 12,821,768 12,397,867 Shares issued under stock offering program — — 403,863 Shares distributed/exercised 101,759 36,464 23,738 Shares purchased (45,776 ) (18,605 ) — Shares forfeited (416 ) (1,400 ) (3,700 ) Balance at end of year 12,893,794 12,838,227 12,821,768

EMPLOYEE BENEFITS (Tables)

EMPLOYEE BENEFITS (Tables)	12 Months Ended
	Dec. 31, 2016
Pension and Other Postretirement Benefit Expense [Abstract]
Schedule Of Net Funded Status And Amounts Recognized In Balance Sheet And Accumulated Other Comprehensive Income Loss [Table Text Block]	A summary of the pension and postretirement benefits plans' funded status and amounts recognized in the Consolidated Balance Sheets is as follows (in thousands): Pension Benefits Postretirement Benefits December 31, December 31, 2016 2015 2016 2015 Change in benefit obligation : Benefit obligation at beginning of year $ 234,350 $ 235,433 $ 1,683 $ 1,806 Service cost 2,178 1,953 11 12 Interest cost 6,624 6,676 76 74 Plan participants' contributions 1,516 1,516 292 338 Actuarial loss (gain) 7,117 (610 ) 67 (100 ) Foreign currency impact (4,686 ) (2,197 ) — — Benefits and administrative expenses paid (8,579 ) (8,619 ) (400 ) (447 ) Settlements (2,694 ) (37 ) — — Special termination benefits — 235 — — Benefit obligation at end of year 235,826 234,350 1,729 1,683 Change in plan assets: Fair value of plan assets at beginning of year 180,007 185,981 — — Actual return on plan assets 10,347 (597 ) — — Employer contributions 4,214 3,362 108 109 Plan participants' contributions 1,516 1,516 292 338 Foreign currency impact (4,063 ) (1,599 ) — — Benefits and administrative expenses paid (8,579 ) (8,619 ) (400 ) (447 ) Settlements (2,694 ) (37 ) — — Fair value of plan assets at end of year 180,748 180,007 — — Funded status of plans $ (55,078 ) $ (54,343 ) $ (1,729 ) $ (1,683 ) Amounts recognized in the Consolidated Balance Sheets consist of: Non-current assets $ 2,387 $ 1,638 $ — $ — Current liabilities (260 ) (264 ) (126 ) (112 ) Non-current liabilities (57,205 ) (55,717 ) (1,603 ) (1,571 ) Net amount recognized $ (55,078 ) $ (54,343 ) $ (1,729 ) $ (1,683 ) Amounts recognized in Accumulated Other Comprehensive (Loss) consists of: Net actuarial (loss) gain $ (80,837 ) $ (80,641 ) $ 581 $ 706 Transition asset — 249 — — Prior service credit 1,474 1,804 — — Accumulated other comprehensive (loss) income (79,363 ) (78,588 ) 581 706 Accumulated contributions in excess (deficit) of net periodic benefit cost 24,285 24,245 (2,310 ) (2,389 ) Net deficit recognized in Consolidated Balance Sheets $ (55,078 ) $ (54,343 ) $ (1,729 ) $ (1,683 )
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]	The following information is presented for pension plans where the projected benefit obligations exceeded the fair value of plan assets (in thousands): Pension Benefits December 31, 2016 2015 Projected benefit obligations $ 230,724 $ 226,012 Fair value of plan assets 173,259 170,032 Excess of projected benefit obligations over plan assets $ 57,465 $ 55,980
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]	The following information is presented for pension plans where the accumulated benefit obligations exceeded the fair value of plan assets (in thousands): Pension Benefits December 31, 2016 2015 Accumulated benefit obligations $ 227,145 $ 222,173 Fair value of plan assets 172,641 170,032 Excess of accumulated benefit obligations over plan assets $ 54,504 $ 52,141
Summary of the components of net periodic pension benefit costs	A summary of the components of net periodic benefit cost for the Company, which includes an executive supplemental pension plan, is presented below (in thousands): Pension Benefits Postretirement Benefits Year Ended December 31, Year Ended December 31, 2016 2015 2014 2016 2015 2014 Service cost $ 2,178 $ 1,953 $ 1,421 $ 11 $ 12 $ 11 Interest cost 6,624 6,676 8,426 76 74 87 Expected return on plan assets (9,025 ) (9,555 ) (9,892 ) — — — Amortization of prior service credit (311 ) (318 ) (399 ) — — — Amortization of transition asset (214 ) (258 ) (276 ) — — — Settlement loss 633 16 810 — — — Special termination benefits — 235 — — — — Curtailment gain — — (409 ) — — — Amortization of loss (gain) 3,645 3,273 1,719 (58 ) (51 ) (57 ) Net periodic benefit cost (income) $ 3,530 $ 2,022 $ 1,400 $ 29 $ 35 $ 41
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]	A summary of the changes in pension and postretirement benefits recognized in other comprehensive (income) loss is presented below (in thousands): Pension Benefits Postretirement Benefits Year Ended December 31, Year Ended December 31, 2016 2015 2014 2016 2015 2014 Net loss (gain) arising during year $ 5,794 $ 9,543 $ 30,044 $ 67 $ (100 ) $ 10 Amortization of transition asset 253 258 286 — — — Amortization of prior service credit 311 318 808 — — — Other gain — — — — — — Amortization of (gain) loss (4,317 ) (3,289 ) (2,539 ) 58 51 57 Foreign currency exchange impact (1,267 ) (835 ) (2,503 ) — — — Total recognized in other comprehensive (income) loss 774 5,995 26,096 125 (49 ) 67 Net recognized in net periodic benefit cost and other comprehensive (income) loss $ 4,304 $ 8,017 $ 27,496 $ 154 $ (14 ) $ 108
Schedule of Assumptions Used [Table Text Block]	Actuarial assumptions used to determine pension obligations and other postretirement benefit obligations include: Pension Benefits Postretirement Benefits 2016 2015 2016 2015 Assumptions at December 31 For the domestic plans: Discount rate 4.39 % 4.75 % 4.38 % 4.69 % For the foreign pension plans: Weighted average discount rate 0.89 % 1.21 % Weighted average rate of compensation increase 1.52 % 1.52 % Actuarial assumptions used to determine pension costs and other postretirement benefit costs include: Pension Benefits Postretirement Benefits 2016 2015 2014 2016 2015 2014 Assumptions at January 1 For the domestic plans: Discount rate 4.75 % 4.28 % 5.24 % 4.69 % 4.23 % 5.13 % Expected return on plan assets 7.50 % 7.50 % 7.50 % N/A N/A N/A For the foreign plans: Weighted average discount rate 1.21 % 1.43 % 2.75 % Weighted average expected return on plan assets 3.91 % 3.95 % 3.91 % Weighted average rate of compensation increase 1.52 % 1.76 % 1.76 %
Schedule of Expected Benefit Payments [Table Text Block]	The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid (in thousands): Year Pension Benefits Postretirement Benefits 2017 $ 10,349 $ 126 2018 10,195 127 2019 11,120 130 2020 10,892 128 2021 11,417 128 Thereafter 59,463 529

STOCK BASED COMPENSATION (Table

STOCK BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]	A summary of stock-based compensation expense is as follows (in thousands): Year Ended December 31, 2016 2015 2014 Restricted stock/unit awards $ 244 $ 322 $ 409 Performance share incentives — (608 ) (80 ) Total stock-based compensation expense $ 244 $ (286 ) $ 329
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]	A summary of the RSA activity is as follows (in shares): Year Ended December 31, 2016 2015 2014 RSAs outstanding at beginning of year 105,875 160,175 165,875 Awarded — — — Vested (65,052 ) (50,000 ) — Canceled or forfeited (3,323 ) (4,300 ) (5,700 ) RSAs outstanding at end of year 37,500 105,875 160,175 Unamortized deferred compensation cost (in millions) $ 0.1 $ 0.3 $ 0.7 Expected weighted-average recognition period for unrecognized compensation cost (in years) 0.92 1.20 1.64
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]	A summary of the PSI activity is as follows (in shares): Year Ended December 31, 2016 2015 2014 PSIs outstanding at beginning of year 105,875 105,875 105,875 Awarded — — — Canceled or forfeited (54,066 ) — — PSIs outstanding at end of year 51,809 105,875 105,875 Unamortized deferred compensation cost (in millions) $ 0.6 $ 1.2 $ 0.6 Expected weighted-average recognition period for unrecognized compensation cost (in years) 0.97 1.16 2.16

CHANGES IN ACCUMULATED OTHER 44

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	12 Months Ended
	Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of changes in accumulated other comprehensive income (loss) (AOCI) by component	Changes in AOCI by component for 2016 , 2015 and 2014 are as follows (in thousands): Year Ended December 31, 2016 Foreign Retirement Unrealized gain (loss) on cash flow hedges Accumulated other comprehensive loss Beginning balance, net of tax $ 20,529 $ (69,100 ) $ (142 ) $ (48,713 ) Other comprehensive loss before reclassifications (4,811 ) (4,594 ) 63 (9,342 ) Less loss reclassified from AOCI — (3,695 ) (75 ) (3,770 ) Net other comprehensive loss (4,811 ) (899 ) 138 (5,572 ) Income tax expense (benefit) 235 103 33 371 Ending balance, net of tax $ 15,483 $ (70,102 ) $ (37 ) $ (54,656 ) Year Ended December 31, 2015 Foreign currency translation adjustments Retirement plans related adjustments Unrealized gain (loss) on cash flow hedges Accumulated other comprehensive loss Beginning balance, net of tax $ 25,913 $ (64,570 ) $ (144 ) $ (38,801 ) Other comprehensive loss before reclassifications (4,598 ) (8,607 ) (212 ) (13,417 ) Less (loss) income reclassified from AOCI — (2,662 ) (212 ) (2,874 ) Net other comprehensive loss (4,598 ) (5,945 ) — (10,543 ) Income tax expense (benefit) 786 (1,415 ) (2 ) (631 ) Ending balance, net of tax $ 20,529 $ (69,100 ) $ (142 ) $ (48,713 ) Year Ended December 31, 2014 Foreign Retirement Unrealized gain (loss) on cash flow hedges Accumulated other comprehensive loss Beginning balance, net of tax $ 38,663 $ (40,213 ) $ 131 $ (1,419 ) Other comprehensive income before (11,893 ) (27,551 ) (132 ) (39,576 ) Less (loss) income reclassified from AOCI — (1,388 ) 149 (1,239 ) Net other comprehensive income (11,893 ) (26,163 ) (281 ) (38,337 ) Income tax expense (benefit) 857 (1,806 ) (6 ) (955 ) Ending balance, net of tax $ 25,913 $ (64,570 ) $ (144 ) $ (38,801 )
Schedule of reclassification out of AOCI	Details about reclassification out of AOCI for the 2016 , 2015 , and 2014 are as follows (in thousands): Year Ended December 31, Affected line item on the Consolidated Statements of Operations Details of AOCI components 2016 2015 2014 Unrealized (loss) gain on cash flow hedges: $ 27 $ (120 ) $ 43 Sales (102 ) (92 ) 106 Other expense, net (75 ) (212 ) 149 Total before tax (16 ) 36 (8 ) Tax (expense) benefit $ (91 ) $ (176 ) $ 141 Net of tax Retirement plans related adjustments: Amortization of prior service credit $ 311 $ 318 $ 399 (a) Amortization of transition asset 253 258 276 (a) Amortization of actuarial loss (4,259 ) (3,238 ) (2,063 ) (a) (3,695 ) (2,662 ) (1,388 ) Total before tax 426 187 65 Tax benefit $ (3,269 ) $ (2,475 ) $ (1,323 ) Net of tax ____________________ (a) These AOCI components are included in the computation of net period pension and post retirement costs. See Note 14. "Employee Benefits" for details.

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
Schedule of financial results of reportable segments	Financial results for each reportable segment are as follows (in thousands): Year Ended December 31, 2016 MMS ATA Inter-Segment Eliminations Total Sales $ 230,705 $ 61,647 $ (339 ) $ 292,013 Depreciation and amortization 5,764 2,055 7,819 Segment income 3,060 6,910 9,970 Capital expenditures 1,943 536 2,479 Segment assets (1) 219,503 45,776 265,279 Year Ended December 31, 2015 MMS ATA Inter-Segment Eliminations Total Sales $ 250,854 $ 65,128 $ (733 ) $ 315,249 Depreciation and amortization 6,497 2,285 8,782 Segment income 7,365 3,372 10,737 Capital expenditures 3,186 1,009 4,195 Segment assets (1) 226,265 48,069 274,334 Year Ended December 31, 2014 MMS ATA Inter-Segment Eliminations Total Sales $ 243,199 $ 68,788 $ (354 ) $ 311,633 Depreciation and amortization 6,952 2,545 9,497 Segment income 3,950 6,708 10,658 Capital expenditures 2,088 1,098 3,186 Segment assets (1) 241,340 49,476 290,816 ____________________ (1) Segment assets primarily consist of restricted cash, accounts receivable, inventories, prepaid and other assets, property, plant and equipment, and intangible assets. Unallocated assets primarily include, cash and cash equivalents, corporate property, plant and equipment, deferred income taxes, and other non-current assets.
Schedule of reconciliation of segment income to consolidated income from operations before income taxes	A reconciliation of segment income to consolidated income (loss) from continuing operations before income taxes for the years ended December 31, 2016 , 2015 , and 2014 are as follows (in thousands): Year Ended December 31, 2016 2015 2014 Segment income $ 9,970 $ 10,737 $ 10,658 Unallocated corporate expense (6,575 ) (5,800 ) (5,540 ) Acquisition related inventory step-up charge — — (86 ) Acquisition related expenses — — (178 ) Impairment charges — — (5,766 ) Interest expense, net (328 ) (499 ) (678 ) Other unallocated income — — 465 Income (loss) from continuing operations before income taxes $ 3,067 $ 4,438 $ (1,125 )
Schedule of reconciliation of segment assets to consolidated total assets	A reconciliation of segment assets to consolidated total assets follows (in thousands): December 31, December 31, December 31, Total segment assets $ 265,279 $ 274,334 $ 290,816 Unallocated assets 32,271 36,604 20,268 Total assets $ 297,550 $ 310,938 $ 311,084
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	Information concerning the principal geographic areas is follows (in thousands): 2016 2015 2014 Sales Long-lived Assets (1) Sales Long-lived Assets (1) Sales Long-lived Assets (1) North America United States $ 87,122 $ 35,166 $ 103,650 $ 37,607 $ 94,420 $ 39,656 Other 5,546 — 4,820 — 6,474 — Total North America 92,668 35,166 108,470 37,607 100,894 39,656 Europe England 7,925 340 12,780 555 13,848 604 Germany 38,573 1,333 34,830 1,388 46,543 1,741 Switzerland 5,210 28,025 7,613 30,322 6,834 31,524 Other 39,674 79 42,046 74 35,838 107 Total Europe 91,382 29,777 97,269 32,339 103,063 33,976 Asia China 94,816 9,242 92,727 10,515 88,933 11,543 Taiwan 2,957 13,534 3,772 13,453 4,296 14,603 Other 10,190 2,551 13,011 2,749 14,447 3,011 Total Asia 107,963 25,327 109,510 26,717 107,676 29,157 Consolidated Total $ 292,013 $ 90,270 $ 315,249 $ 96,663 $ 311,633 $ 102,789 ____________________ (1) Long-lived assets consist of property, plant and equipment, goodwill, and other intangible assets.

(LOSS) EARNINGS PER SHARE (Tabl

(LOSS) EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Schedule of the basis of the earnings per share computation	The following table presents the basis of the earnings (loss) per share computation (in thousands): Year Ended December 31, 2016 2015 2014 Numerator for basic and diluted earnings (loss) per share: Income (loss) from continuing operations $ 1,224 $ 2,610 $ (2,358 ) Gain from disposal of discontinued operation, net of tax — — 218 Net Income (loss) applicable to common shareholders $ 1,224 $ 2,610 $ (2,140 ) Denominator: Denominator for basic earnings (loss) per share — weighted average shares 12,824 12,776 12,661 Assumed exercise of stock options 20 21 — Assumed satisfaction of restricted stock conditions 65 75 — Denominator for diluted earnings (loss) per share — adjusted weighted average shares 12,909 12,872 12,661

SELECTED QUARTERLY FINANCIAL 47

SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Summary of quarterly financial information	Summarized quarterly financial information for 2016 and 2015 is as follows (in thousands, except per share data): Quarter First Second Third Fourth 2016 Sales $ 67,822 $ 70,186 $ 67,211 $ 86,794 Gross profit 22,744 23,553 23,151 28,079 Net (loss) income (1,245 ) 145 (1,383 ) 3,707 Per share data: Basic (loss) earnings per share (1) $ (0.10 ) $ 0.01 $ (0.11 ) $ 0.29 Diluted (loss) earnings per share (1) $ (0.10 ) $ 0.01 $ (0.11 ) $ 0.29 Basic weighted average shares outstanding 12,797 12,812 12,835 12,854 Diluted weighted average shares outstanding 12,797 12,898 12,835 12,922 Quarter First Second Third Fourth 2015 Sales $ 69,128 $ 82,356 $ 76,805 $ 86,960 Gross profit 21,855 26,962 25,369 30,352 Net (loss) income (1,408 ) 1,586 (327 ) 2,759 Per share data: Basic (loss) earnings per share (1) $ (0.11 ) $ 0.12 $ (0.03 ) $ 0.22 Diluted (loss) earnings per share (1) $ (0.11 ) $ 0.12 $ (0.03 ) $ 0.21 Basic weighted average shares outstanding 12,742 12,776 12,793 12,793 Diluted weighted average shares outstanding 12,742 12,857 12,793 12,886 ____________________ (1) Due to the changes in outstanding shares from quarter to quarter, the total earnings per share of the four quarters may not necessarily equal the earnings per share for the year.

SIGNIFICANT ACCOUNTING POLICI48

SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)reportable_segmentreporting_unit	Dec. 31, 2015USD ($)reportable_segment	Dec. 31, 2014USD ($)
Organization, Consolidation and Presentation of Financial Statements
Number of reportable business segments | reportable_segment	2	2
Restricted Cash
Restricted cash	$ 2,923	$ 2,192
Accounts Receivable
Maturity period of accounts receivable	30 days
Allowance for doubtful accounts	$ 800	900
Goodwill and Intangible Assets
Number of Reporting Units | reporting_unit	3
Accrued Expenses
Compensation related expenses	$ 8,000	10,500
Commissions payable	$ 7,200	7,200
Revenue Recognition
Customer return period for parts and workholding	90 days
Research and Development Costs
Research & development	$ 13,514	$ 14,140	$ 13,904
Derivative [Line Items]
Maximum maturity period of derivative instruments qualifying as cash flow hedges	1 year
Buildings
Property, plant and equipment
Estimated useful life	40 years
Machinery, equipment and fixtures
Property, plant and equipment
Estimated useful life	12 years
Patterns, tools, jigs and furniture and fixtures
Property, plant and equipment
Estimated useful life	10 years
Office and computer equipment | Minimum
Property, plant and equipment
Estimated useful life	3 years
Office and computer equipment | Maximum
Property, plant and equipment
Estimated useful life	5 years
Not Designated as Hedging Instrument | Foreign Exchange Forward
Derivative [Line Items]
Term of derivative contract	1 year

SIGNIFICANT ACCOUNTING POLICI49

SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION (Details 1)	12 Months Ended
	Dec. 31, 2016
Minimum
Contingencies
Basic limited warranty period	1 year
Extended product warranty period	1 year
Maximum
Contingencies
Basic limited warranty period	2 years
Extended product warranty period	2 years

ACQUISITIONS (Details)

ACQUISITIONS (Details) $ / shares in Units, $ in Thousands, € in Millions	Sep. 22, 2014USD ($)machine_solutioncustomer	Sep. 22, 2014EUR (€)machine_solutioncustomer	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)$ / shares	Dec. 31, 2014USD ($)
Liabilities assumed
Goodwill			$ 6,579				$ 6,620				$ 6,579	$ 6,620	$ 6,698
Gain from disposal of discontinued operation, net of tax											0	0	218
Sales			86,794	$ 67,211	$ 70,186	$ 67,822	86,960	$ 76,805	$ 82,356	$ 69,128	292,013	315,249	311,633
Net (loss) income			$ 3,707	$ (1,383)	$ 145	$ (1,245)	$ 2,759	$ (327)	$ 1,586	$ (1,408)	1,224	2,610	(2,140)
Gain on purchase of business											0	0	(462)
Supplemental Pro Forma Information
Sales												318,061
Net (loss) income from continuing operations												$ (7,827)
Diluted (loss) earnings per share from continuing operations (in dollars per share) | $ / shares												$ (0.62)
Restructuring charges											661	$ 3,558	0
Voumard [Member]
ACQUISITIONS
Cash used in funding of acquisition	$ 2,150	€ 1.7
Assets Acquired
Inventories	2,984
Property, plant and equipment	259
Trade name, customer list, and other intangible assets	131
Total assets acquired	3,374
Liabilities assumed
Accounts payable and other current liabilities	600
Deferred tax liability	162
Net assets	$ 2,612
Installed Machine Base (machine solutions) | machine_solution	9,000	9,000
Customer Base (customers) | customer	2,500	2,500
Gain on purchase of business	$ (462)										(500)
Supplemental Pro Forma Information
Restructuring charges													$ 4,900
Acquisition Related Costs											$ 100
Technical Know How [Member] | Voumard [Member]
Assets Acquired
Trade name, customer list, and other intangible assets	$ 100

FAIR VALUE OF FINANCIAL INSTR51

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and cash equivalents	$ 28,255	$ 32,774	$ 16,293	$ 34,722
Variable interest rate debt	5,893	11,606
Foreign currency forward contracts	258	255
Recurring | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and cash equivalents	28,255	32,774
Cash and cash equivalents, fair value	28,255	32,774
Restricted cash	2,923	2,192
Restricted cash, fair value	2,923	2,192
Recurring | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Foreign currency forward contracts	308	163
Variable interest rate debt	5,986	11,771
Variable interest rate debt, fair value	5,986	11,771
Foreign currency forward contracts	$ 566	$ 418

FAIR VALUE OF FINANCIAL INSTR52

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 2) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Fair Value of Foreign Currency Forward Contracts
Foreign Currency Cash Flow Hedge Asset at Fair Value	$ 153	$ 49
Foreign Currency Cash Flow Hedge Liability at Fair Value	(264)	(222)
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Asset at Fair Value	155	114
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Liability at Fair Value	(302)	(196)
Foreign currency forward contracts	$ (258)	$ (255)

FAIR VALUE OF FINANCIAL INSTR53

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 3) - USD ($) $ in Thousands		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets		$ 180,749	$ 180,007
Growth funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	[1]	39,247	37,472
Income funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	[2]	25,276	23,401
Growth and income funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	[3]	84,176	83,247
Hedge Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	[4]	22,860	27,071
Real Estate Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets		3,327	3,246
Other Assets [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets		2,128	1,514
Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets		3,735	4,056
Level 1
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets		69,637	66,280
Level 1 | Growth funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	[1]	39,247	37,472
Level 1 | Income funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	[2]	25,276	23,401
Level 1 | Growth and income funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	[3]	0	0
Level 1 | Hedge Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	[4]	0	0
Level 1 | Real Estate Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets		761	769
Level 1 | Other Assets [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets		618	582
Level 1 | Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets		3,735	4,056
Level 2
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets		88,252	86,656
Level 2 | Growth funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	[1]	0	0
Level 2 | Income funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	[2]	0	0
Level 2 | Growth and income funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	[3]	84,176	83,247
Level 2 | Hedge Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	[4]	0	0
Level 2 | Real Estate Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets		2,566	2,477
Level 2 | Other Assets [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets		1,510	932
Level 2 | Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets		0	0
Level 3
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets		22,860	27,071	$ 27,820
Level 3 | Growth funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	[1]	0	0
Level 3 | Income funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	[2]	0	0
Level 3 | Growth and income funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	[3]	0	0
Level 3 | Hedge Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	[4]	22,860	27,071
Level 3 | Real Estate Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets		0	0
Level 3 | Other Assets [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets		0	0
Level 3 | Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets		$ 0	$ 0
[1]	Growth funds represent a type of fund containing a diversified portfolio of domestic and international equities with a goal of capital appreciation.
[2]	Income funds represent a type of fund with an emphasis on current income as opposed to capital appreciation. Such funds may contain a variety of domestic and international government and corporate debt obligations, preferred stock, money market instruments and dividend-paying stocks.
[3]	Growth and income funds represent a type of fund containing a combination of growth and income securities.
[4]	Hedge funds represent a managed portfolio of investments that use advanced investment strategies such as leveraged, long, short and derivative positions in both domestic and international markets with the goal of generating high returns. These funds are subject to quarterly redemptions and advanced notification requirements, as well as the right to delay redemption until sufficient fund liquidity exists.

FAIR VALUE OF FINANCIAL INSTR54

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 5) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Balance at beginning of year	$ 180,007
Balance at end of year	180,749	$ 180,007
Level 3
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Balance at beginning of year	27,071	27,820
Purchases	1,000	1,750
Sales/settlements	(5,335)	(2,300)
Unrealized gain	124	(199)
Realized (loss) gain	0	0
Balance at end of year	$ 22,860	$ 27,071

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Inventory Disclosure [Abstract]
Raw materials and purchased components	$ 33,822	$ 34,438
Work-in-process	31,799	33,682
Finished products	41,397	42,112
Inventories, net	$ 107,018	$ 110,232

DERIVATIVE INSTRUMENTS (Details

DERIVATIVE INSTRUMENTS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosures
Maximum maturity period of derivative instruments qualifying as cash flow hedges	1 year
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	$ (0.1)	$ (0.8)
Foreign Exchange Contract | Cash Flow Hedging
Derivative Instruments and Hedging Activities Disclosures
Derivative Liability, Notional Amount	45.5	27.4
Loss to be Reclassified During Next 12 Months	0.1
Foreign Exchange Contract | Not Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures
Derivative Liability, Notional Amount	$ 35.4	$ 38.5

PROPERTY, PLANT AND EQUIPMENT57

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Property, plant and equipment
Property, plant and equipment, gross	$ 179,231	$ 184,304
Accumulated depreciation	(122,270)	(122,279)
Property, plant and equipment, net	56,961	62,025
Depreciation expense	6,600	7,000	$ 7,700
Land, buildings and improvements
Property, plant and equipment
Property, plant and equipment, gross	81,311	82,201
Machinery, equipment and fixtures
Property, plant and equipment
Property, plant and equipment, gross	75,177	79,176
Office furniture, equipment and vehicles
Property, plant and equipment
Property, plant and equipment, gross	22,471	22,689
Construction in progress
Property, plant and equipment
Property, plant and equipment, gross	$ 272	$ 238

GOODWILL AND INTANGIBLE ASSET58

GOODWILL AND INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2016	Dec. 31, 2015
Summary of goodwill amount
Gross carrying value of goodwill	$ 39,132	$ 39,013	$ 39,054
Accumulated impairment losses	(32,434)	(32,434)	(32,434)
Goodwill, Written off Related to Sale of Business Unit		(41)	(78)
Balance at the end of the period	6,698	6,579	6,620
Usach Technologies Inc. [Member]
Summary of goodwill amount
Goodwill impairment charge	4,800
MMS
Summary of goodwill amount
Gross carrying value of goodwill	32,434	32,434	32,434
Accumulated impairment losses	(32,434)	(32,434)	(32,434)
Goodwill, Written off Related to Sale of Business Unit		0	0
Balance at the end of the period	0	0	0
ATA
Summary of goodwill amount
Gross carrying value of goodwill	6,698	6,579	6,620
Accumulated impairment losses	0	0	0
Goodwill, Written off Related to Sale of Business Unit		(41)	(78)
Balance at the end of the period	$ 6,698	$ 6,579	$ 6,620

GOODWILL AND INTANGIBLE ASSET59

GOODWILL AND INTANGIBLE ASSETS (Details 2) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Finite Lived and Indefinite Lived Intangible Assets and Liabilities by Major Class [Line Items]
Finite-Lived Intangible Assets, Gross	$ 28,779	$ 29,032
Finite-Lived Intangible Assets, Accumulated Amortization	(12,976)	(11,825)
Finite-Lived Intangible Assets, Net	15,803	17,207
Other intangible assets, net	26,730	28,018
Technical Know How [Member]
Finite Lived and Indefinite Lived Intangible Assets and Liabilities by Major Class [Line Items]
Finite-Lived Intangible Assets, Gross	12,944	12,956
Finite-Lived Intangible Assets, Accumulated Amortization	(7,438)	(6,833)
Customer Relationships [Member]
Finite Lived and Indefinite Lived Intangible Assets and Liabilities by Major Class [Line Items]
Finite-Lived Intangible Assets, Gross	8,981	9,011
Finite-Lived Intangible Assets, Accumulated Amortization	(1,744)	(1,315)
Land Rights [Member]
Finite Lived and Indefinite Lived Intangible Assets and Liabilities by Major Class [Line Items]
Finite-Lived Intangible Assets, Gross	2,498	2,672
Finite-Lived Intangible Assets, Accumulated Amortization	(304)	(271)
Patents, trade names, drawings, and other [Member]
Finite Lived and Indefinite Lived Intangible Assets and Liabilities by Major Class [Line Items]
Finite-Lived Intangible Assets, Gross	4,356	4,393
Finite-Lived Intangible Assets, Accumulated Amortization	(3,490)	(3,406)
Trade names [Member]
Finite Lived and Indefinite Lived Intangible Assets and Liabilities by Major Class [Line Items]
Indefinite-Lived Intangible Assets (Excluding Goodwill)	$ 10,927	$ 10,811

GOODWILL AND INTANGIBLE ASSET60

GOODWILL AND INTANGIBLE ASSETS (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 1,282	$ 1,804	$ 1,810
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	1,247
Finite-Lived Intangible Assets, Amortization Expense, Year Two	1,091
Finite-Lived Intangible Assets, Amortization Expense, Year Three	1,073
Finite-Lived Intangible Assets, Amortization Expense, Year Four	1,031
Finite-Lived Intangible Assets, Amortization Expense, Year Five	1,013
Finite-Lived Intangible Assets, Amortization Expense, after Year Five	$ 10,348

GOODWILL AND INTANGIBLE ASSET61

GOODWILL AND INTANGIBLE ASSETS (Details 4) $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)
Usach Technologies Inc. [Member]
Indefinite-lived Intangible Assets [Line Items]
Impairment of Intangible Assets (Excluding Goodwill)	$ 0.9

GOODWILL AND INTANGIBLE ASSET62

GOODWILL AND INTANGIBLE ASSETS (Details 5)	12 Months Ended
	Dec. 31, 2016
Usach Technologies Inc. [Member] | Trade names [Member]
Remaining weighted average amortization period
Total weighted average amortization period	18 years 3 months

FINANCING ARRANGEMENTS (DETAILS

FINANCING ARRANGEMENTS (DETAILS) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Long-term debt
Total long-term debt	$ 5,893	$ 11,606
Current portion of long-term debt	(2,923)	(5,621)
Long-term debt	2,970	5,985
Long-term Debt, Fiscal Year Maturity [Abstract]
2,017	2,993
2,018	2,993
Total maturities of long term debt	5,986
Mortgages [Member]
Long-term debt
Total long-term debt	0	2,070
Term Loans [Member]
Long-term debt
Total long-term debt	$ 5,893	$ 9,536

FINANCING ARRANGEMENTS (DETAI64

FINANCING ARRANGEMENTS (DETAILS 2) € in Millions	Nov. 30, 2013USD ($)	Nov. 30, 2013CHF (SFr)	Nov. 30, 2013EUR (€)	Sep. 30, 2015USD ($)	Jul. 31, 2013USD ($)Rate	Dec. 31, 2009Rate	Oct. 31, 2009USD ($)Rate	Dec. 31, 2016USD ($)Rate	Dec. 31, 2016TWDRate	Dec. 31, 2015USD ($)Rate	Dec. 31, 2014USD ($)	Dec. 31, 2016TWD	Dec. 31, 2016CHF (SFr)	Dec. 31, 2016EUR (€)	Dec. 31, 2016CNY (¥)	Dec. 31, 2015CHF (SFr)	Dec. 31, 2015EUR (€)	Dec. 31, 2015CNY (¥)	Oct. 31, 2015USD ($)	Sep. 30, 2015CNY (¥)	Jan. 31, 2014USD ($)	Jan. 31, 2014CNY (¥)	Dec. 31, 2013USD ($)	Jul. 31, 2013CHF (SFr)Rate	May 31, 2013USD ($)Rate	Oct. 31, 2009CHF (SFr)Rate	May 31, 2006USD ($)	May 31, 2006TWD
Line of Credit Facility [Line Items]
Borrowing capacity available for working capital and letter of credit purposes								$ 74,700,000
Borrowing capacity available for working capital need								53,000,000
Remaining borrowing capacity								67,100,000
Line of credit facility reamining capacity available for working captial								51,900,000
Term borrowings outstanding								5,900,000		$ 11,600,000
Variable interest rate debt								5,893,000		11,606,000
Letters of credit outstanding amount pertaining to self insured workers compensation exposure								700,000
Interest paid								400,000		300,000	$ 800,000
Long-term debt, maturities, repayments of principal in next twelve months								2,993,000
Long-term debt, maturities, repayments of principal in year two								2,993,000
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of credit facility, amount outstanding								700,000
Taiwan Unsecured Credit Facility [Member]
Line of Credit Facility [Line Items]
Borrowing capacity available for working capital and letter of credit purposes					$ 12,000,000
Line of credit facility, amount outstanding								$ 0
Interest rate (as a percent)								1.40%	1.40%
Variable interest rate debt								$ 700,000				TWD 22,000,000
Line of credit facility, commitment fee amount					0
Jiaxing Line of Credit [Member]
Line of Credit Facility [Line Items]
Borrowing capacity available for working capital and letter of credit purposes								2,900,000							¥ 20,000,000
Line of credit facility, amount outstanding								$ 0		0
Debt instrument, basis spread on variable Rate								10.00%	10.00%
Interest rate (as a percent)								4.79%	4.79%
Kellenberger HH-GmbH revolving credit facility [Member]
Line of Credit Facility [Line Items]
Borrowing capacity available for working capital and letter of credit purposes					17,661,600																			SFr 18,000,000
Borrowing capacity available for working capital need					7,800,000																			8,000,000
Line of credit facility, amount outstanding								$ 0		0
Interest rate (as a percent) | Rate								2.25%	2.25%
Letters of credit outstanding, amount								$ 5,000,000		5,400,000
Debt instrument, collateral amount					$ 9,000,000																			SFr 9,200,000
Debt instrument covenant equity as a percentage of total assets | Rate					35.00%																			35.00%
Line of credit facility, unused capacity, commitment fee percentage					30.00%
Kellenberger credit facility [Member]
Line of Credit Facility [Line Items]
Borrowing capacity available for working capital and letter of credit purposes							$ 6,868,400																			SFr 7,000,000
Borrowing capacity available for working capital need							2,900,000																			3,000,000
Interest rate (as a percent) | Rate								2.50%	2.50%
Debt instrument, term								90 days	90 days
Letters of credit outstanding, amount								$ 200,000					SFr 200,000			SFr 0
Variable interest rate debt								0		0
Debt instrument, collateral amount							$ 2,900,000																			SFr 3,000,000
Debt instrument covenant equity as a percentage of total assets | Rate							35.00%																			35.00%
Line of credit facility, commitment fee amount							$ 0
HCL Credit Facility [Member]
Line of Credit Facility [Line Items]
Borrowing capacity available for working capital and letter of credit purposes																			$ 3,000,000
Letters of credit outstanding, amount								600,000		900,000					4,200,000			¥ 6,000,000
Debt instrument, collateral amount																					$ 3,200,000	¥ 22,000,000
Domestic Line of Credit [Member]
Line of Credit Facility [Line Items]
Borrowing capacity available for working capital and letter of credit purposes																							$ 25,000,000
Line of credit facility, amount outstanding								$ 0		$ 0
Debt instrument, basis spread on variable Rate | Rate								2.94%	2.94%	2.50%
Letters of credit outstanding, amount								$ 1,100,000		$ 900,000
Line of credit facility percentage of investments pledged | Rate						65.00%
Line of credit facility, unused capacity, commitment fee percentage						0.25%
Unsecured domestic credit facility [Member]
Line of Credit Facility [Line Items]
Borrowing capacity available for working capital and letter of credit purposes								3,000,000
Line of credit facility, amount outstanding								$ 0		$ 0
Debt Instrument, interest rate, stated percentage rate range, minimum | Rate								5.00%	5.00%
Debt instrument, interest rate, stated percentage rate range, maximum | Rate								16.00%	16.00%
Line of credit facility, commitment fee amount								$ 0
Taiwan mortgage loan [Member]
Line of Credit Facility [Line Items]
Long-term debt																											$ 5,562,000	TWD 180,000,000
Required periodic principal payment								$ 100,000	TWD 4,500,000
Debt instrument, basis spread on variable Rate								0.40%	0.40%
Variable interest rate debt								$ 300,000				TWD 9,000,000
Debt instrument, interest rate during period | Rate								1.75%	1.75%	1.75%
Hardinge Machine (Shanghai) Co. Ltd. Credit Facility, Expiring August 2016 [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Borrowing capacity available for working capital and letter of credit purposes				$ 4,320,000																¥ 30,000,000
Line of credit facility, amount outstanding								$ 100,000							¥ 600,000
Collateral cash deposit requirement, percent				30.00%
Forkardt term loan [Member]
Line of Credit Facility [Line Items]
Long-term debt																									$ 23,000,000
Debt instrument, basis spread on variable Rate | Rate								2.81%	2.81%	2.50%
Variable interest rate debt								$ 3,100,000		$ 5,100,000
Long-term debt, maturities, repayments of principal in next twelve months								2,100,000
Principal repayments								$ 1,000,000
Investment owned, pledged flag | Rate																									65.00%
Debt instrument covenant fixed charge coverage ratio covenant compliance measured over specified period | Rate								115.00%	115.00%
Debt instrument covenant current ratio | Rate								100.00%	100.00%
Debt instrument covenant maximum consolidated total leverage ratio covenant compliance measured over specified period | Rate								300.00%	300.00%
Debt instrument covenant threshold on annual capital expenditures								$ 10,000,000
Kellenberger mortgage loan [Member]
Line of Credit Facility [Line Items]
Borrowing capacity available for working capital and letter of credit purposes					$ 2,551,120																			SFr 2,600,000
Interest on the facility accrued | Rate					2.50%																			2.50%
Variable interest rate debt								$ 1,800,000					SFr 1,800,000
USD denominated Forkardt term loan [Member] [Member]
Line of Credit Facility [Line Items]
Conversion of outstanding principal	$ 10,800,000
CHF denominated Forkardt term loan [Member]
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable Rate | Rate								1.88%	1.88%
Variable interest rate debt										600,000						SFr 600,000
Debt Conversion, Converted Instrument, Amount	3,700,000	SFr 3,800,000
EUR denominated Forkardt term loan [Member]
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable Rate | Rate								2.18%	2.18%
Variable interest rate debt								$ 2,900,000		4,000,000				€ 2.8			€ 3.7
Long-term debt, maturities, repayments of principal in next twelve months								900,000						0.9
Long-term debt, maturities, repayments of principal in year two								2,000,000						€ 1.9
Debt Conversion, Converted Instrument, Amount	$ 5,300,000		€ 5
Long-term Debt, Current Maturities [Member]
Line of Credit Facility [Line Items]
Unamortized debt issuance costs								70,000
Other Noncurrent Assets [Member]
Line of Credit Facility [Line Items]
Unamortized debt issuance costs								$ 20,000
Accounting Standards Update 2015-03 [Member] | Other Current Assets [Member]
Line of Credit Facility [Line Items]
Deferred finance costs, net										(70,000)
Accounting Standards Update 2015-03 [Member] | Long-term Debt, Current Maturities [Member]
Line of Credit Facility [Line Items]
Deferred finance costs, net										70,000
Accounting Standards Update 2015-03 [Member] | Long-term Debt, Excluding Current Maturities [Member]
Line of Credit Facility [Line Items]
Deferred finance costs, net										90,000
Accounting Standards Update 2015-03 [Member] | Other Noncurrent Assets [Member]
Line of Credit Facility [Line Items]
Deferred finance costs, net										$ (90,000)

RESTRUCUTRING CHARGES (Details)

RESTRUCUTRING CHARGES (Details)	12 Months Ended
	Dec. 31, 2016USD ($)
Minimum
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Annual pre-tax savings, generated from restructuring	$ 4,500,000

WARRANTIES (Details)

WARRANTIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Changes in product warranty accrual
Balance at the beginning of period	$ 3,802	$ 3,891
Warranties issued	2,117	2,863
Warranty settlement costs	(2,329)	(2,741)
Changes in accruals for pre-existing warranties	68	(157)
Currency translation adjustments	(102)	(54)
Balance at the end of period	$ 3,556	$ 3,802

RESTRUCUTRING CHARGES (Cost Inc

RESTRUCUTRING CHARGES (Cost Incurred and Expected to be Incurred) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 661	$ 3,558	$ 0
Cumulative Costs Incurred to Date	4,219
Employee termination costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	269	3,300
Cumulative Costs Incurred to Date	3,569
Facility exit costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	134	0
Cumulative Costs Incurred to Date	134
Other related costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	258	258
Cumulative Costs Incurred to Date	516
Operating segment | MMS
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0	255
Cumulative Costs Incurred to Date	255
Operating segment | MMS | Employee termination costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0	255
Cumulative Costs Incurred to Date	255
Operating segment | MMS | Facility exit costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0
Operating segment | MMS | Other related costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0	0
Operating segment | ATA
Restructuring Cost and Reserve [Line Items]
Restructuring charges	661	3,303
Cumulative Costs Incurred to Date	3,964
Operating segment | ATA | Employee termination costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	269	3,045
Cumulative Costs Incurred to Date	3,314
Operating segment | ATA | Facility exit costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	134	0
Cumulative Costs Incurred to Date	134
Operating segment | ATA | Other related costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	258	$ 258
Cumulative Costs Incurred to Date	$ 516

RESTRUCUTRING CHARGES (Restruct

RESTRUCUTRING CHARGES (Restructuring Reserve) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Restructuring Reserve [Roll Forward]
Balance at December 31, 2014	$ 1,409	$ 0
Restructuring charges	661	3,558	$ 0
Cash expenditures	(1,737)	(2,121)
Other adjustments to accrual	15	(8)
Foreign currency translation adjustment	38	(20)
Balance at September 30, 2015	386	1,409	0
Employee termination costs
Restructuring Reserve [Roll Forward]
Restructuring charges	269	3,300
Facility exit costs
Restructuring Reserve [Roll Forward]
Restructuring charges	134	0
Other related costs
Restructuring Reserve [Roll Forward]
Restructuring charges	258	258
Operating segment | MMS
Restructuring Reserve [Roll Forward]
Balance at December 31, 2014	167	0
Restructuring charges	0	255
Cash expenditures	(43)	(85)
Other adjustments to accrual	8	(3)
Foreign currency translation adjustment	0	0
Balance at September 30, 2015	132	167	0
Operating segment | MMS | Employee termination costs
Restructuring Reserve [Roll Forward]
Restructuring charges	0	255
Operating segment | MMS | Facility exit costs
Restructuring Reserve [Roll Forward]
Restructuring charges	0
Operating segment | MMS | Other related costs
Restructuring Reserve [Roll Forward]
Restructuring charges	0	0
Operating segment | ATA
Restructuring Reserve [Roll Forward]
Balance at December 31, 2014	1,242	0
Restructuring charges	661	3,303
Cash expenditures	(1,694)	(2,036)
Other adjustments to accrual	7	(5)
Foreign currency translation adjustment	38	(20)
Balance at September 30, 2015	254	1,242	$ 0
Operating segment | ATA | Employee termination costs
Restructuring Reserve [Roll Forward]
Restructuring charges	269	3,045
Operating segment | ATA | Facility exit costs
Restructuring Reserve [Roll Forward]
Restructuring charges	134	0
Operating segment | ATA | Other related costs
Restructuring Reserve [Roll Forward]
Restructuring charges	$ 258	$ 258

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Domestic	$ (359)	$ 1,675	$ (7,230)
Foreign	3,426	2,763	6,105
Income (loss) from continuing operations before income taxes	$ 3,067	$ 4,438	$ (1,125)

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Current Income Tax Expense (Benefit), Continuing Operations [Abstract]
State	$ (16)	$ 9	$ 47
Foreign	1,678	1,851	740
Total Current	1,662	1,860	787
Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract]
Federal	158	155	(386)
Foreign	23	(187)	832
Total deferred	181	(32)	446
Income tax provision	$ 1,843	$ 1,828	$ 1,233

INCOME TAXES (Details 2)

INCOME TAXES (Details 2)	12 Months Ended
	Dec. 31, 2016Rate	Dec. 31, 2015Rate	Dec. 31, 2014Rate
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Income tax provision at statutory rate	35.00%	35.00%	35.00%
Earnings of subsidiaries taxed at other than U.S. statutory rate	(22.10%)	(1.80%)	13.90%
Change in enacted rate	(1.30%)	(2.60%)	0.00%
Change in valuation allowance	(3.90%)	(2.30%)	158.40%
U.S. taxation of international operations	32.30%	6.20%	(170.10%)
Change in estimated liabilities	9.50%	1.80%	26.80%
Non-deductible items	10.80%	4.80%	(170.90%)
State and local income taxes	(0.10%)	0.10%	(2.70%)
Effective income tax rate	60.20%	41.20%	(109.60%)

INCOME TAXES (Details 3)

INCOME TAXES (Details 3) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets
Federal, state, and foreign net operating losses	$ 20,372	$ 18,713
Postretirement benefits	631	608
Deferred employee benefits	1,688	1,924
Accrued pension	16,410	15,738
Inventory valuation	2,766	3,067
Foreign tax credit carryforwards	7,693	7,847
Other	2,030	2,804
Deferred Tax Assets, Gross	51,590	50,701
Less valuation allowance	(45,012)	(43,663)
Total deferred tax assets	6,578	7,038
Deferred Tax Liabilities, Net [Abstract]
Tax over book depreciation	(3,509)	(3,662)
Inventory valuation	(1,995)	(2,006)
Intangible assets	(1,600)	(1,637)
Other	(303)	(391)
Total deferred tax liabilities	(7,407)	(7,696)
Net deferred tax assets and liabilities	$ (829)	$ (658)

INCOME TAXES (Details 4)

INCOME TAXES (Details 4) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets
Current deferred income tax assets		$ 0
Non-current deferred income tax assets	$ 3,000	2,430
Total deferred income tax assets		2,430
Deferred tax liabilities
Current deferred income tax liabilities		0
Non-current deferred income tax liabilities	(3,800)	(3,088)
Total deferred income tax liabilities		(3,088)
Net deferred tax assets and liabilities	$ (829)	(658)
As Filed
Deferred tax assets
Current deferred income tax assets		2,102
Non-current deferred income tax assets		525
Total deferred income tax assets		2,627
Deferred tax liabilities
Current deferred income tax liabilities		(2,164)
Non-current deferred income tax liabilities		(1,121)
Total deferred income tax liabilities		(3,285)
Net deferred tax assets and liabilities		(658)
Reclass
Deferred tax assets
Current deferred income tax assets		(2,102)
Non-current deferred income tax assets		1,905
Total deferred income tax assets		(197)
Deferred tax liabilities
Current deferred income tax liabilities		2,164
Non-current deferred income tax liabilities		(1,967)
Total deferred income tax liabilities		197
Net deferred tax assets and liabilities		$ 0

INCOME TAXES (Details 5)

INCOME TAXES (Details 5) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at beginning of year	$ 2,305	$ 2,342	$ 2,743
Additions for tax positions related to current year	302	282	182
Additions for tax positions of prior years	72	263	430
Reductions for tax positions of prior years	(832)	0	(393)
Reductions due to lapse of applicable statues of limitations	0	(582)	(620)
Balance at end of year	$ 1,847	$ 2,305	$ 2,342

INCOME TAXES (Details Textual)

INCOME TAXES (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating Loss Carryforwards [Line Items]
Undistributed Earnings of Foreign Subsidiaries	$ 52,400
Current deferred income tax assets		$ 0
Significant (Increase) Decrease in Unrecognized Tax Benefits is Reasonably Possible, Estimated Range of Change, Upper Bound	1,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	100
Non-current deferred income tax assets	3,000	2,430
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	1,300	1,100
Valuation Allowance Deferred Tax Asset Change In Amount Attributable To Operational Results And Decrease In Minimum Pension Liabilities	(400)	1,000
Income Taxes Paid	1,700	1,500	$ 1,900
State and Local Jurisdiction [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	21,600
U.S. [Member]
Operating Loss Carryforwards [Line Items]
Adjustment To Additional Paid In Capital Income Tax Effect From Net Operating Loss Carryforwards	2,200
Operating Loss Carryforwards	23,900
Foreign Tax Authority Expires 2018 - 2034 [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	11,100
Foreign Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	47,800
Foreign Tax Authority No Expiration [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	36,700
Foreign Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Tax Credit Carryforward, Amount	7,700
New York State tax investment credit [Member]
Operating Loss Carryforwards [Line Items]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount		$ 100
Other Comprehensive Income (Loss) [Member]
Operating Loss Carryforwards [Line Items]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ (900)

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Millions	1 Months Ended
	Jul. 31, 2016	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Clean-up phase cost	$ 1.9
Reserve for estimated life-cycle costs		$ 0.3
Purchase commitments		$ 23.5

COMMITMENTS AND CONTINGENCIES77

COMMITMENTS AND CONTINGENCIES (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Leases [Abstract]
Remaining lease terms	7 years
Rent expense	$ 3,000	$ 3,300	$ 3,200
2,015	1,924
2,016	1,245
2,017	709
2,018	85
2,019	34
Thereafter	33
Total	$ 4,030

COMMITMENTS AND CONTINGENCIES78

COMMITMENTS AND CONTINGENCIES (Details 2)	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Effective term of employment agreements	1 year
Automatic extension term of employment agreements	1 year
Notice period for termination of employment agreements	2 months
Automatic extension of employment agreements in case of change in control	2 years
Period in which increased severance payments are provided in case of change in control	12 months

SHAREHOLDERS' EQUITY (Details)

SHAREHOLDERS' EQUITY (Details) - shares	12 Months Ended			17 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2014
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at beginning of year (in shares)	12,838,227	12,821,768	12,397,867
Shares issued under stock offering program (in shares)	0	0	403,863	1,014,252
Shares distributed/exercised (in shares)	101,759	36,464	23,738
Shares purchased (in shares)	(45,776)	(18,605)	0
Shares forfeited (in shares)	(416)	(1,400)	(3,700)
Balance at end of year (in shares)	12,893,794	12,838,227	12,821,768	12,821,768

SHAREHOLDERS' EQUITY (Details T

SHAREHOLDERS' EQUITY (Details Textual) - USD ($)	Aug. 09, 2013	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2014
Stockholders' Equity Note [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Aggregate Common Stock Price Authorized under Sales Agreement Maximum	$ 25,000,000
Term of Stock Offering Program	1 year
Shares issued under stock offering program (in shares)		0	0	403,863	1,014,252
Proceeds from sale of common stock					$ 14,600,000
Shares issued from Treasury (in shares)					663,276

EMPLOYEE BENEFITS (Details Text

EMPLOYEE BENEFITS (Details Textual) - USD ($) $ in Thousands	Jan. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Age at which enhanced contribution commences if age requirement was met on 1/1/2011		50 years
Defined Contribution Plan, Minimum age at 1/1/2011 to qualify for enhanced contribution		40 years
Eligible age for health plan coverage		65 years
Employer contributions in next fiscal year		$ 2,000
Foreign Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Net periodic cost (benefit)		2,100	$ 600	$ 700
Assets for plan benefits		105,100	104,100
Benefit obligation		$ 120,200	$ 120,300
Discount rate		0.89%	1.21%
Employer contributions in next fiscal year		$ 2,300
Foreign Pension Plan [Member] | Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Planned asset allocations		38.00%
Foreign Pension Plan [Member] | Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Planned asset allocations		44.00%
Foreign Pension Plan [Member] | Other Investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Planned asset allocations		18.00%
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Net periodic cost (benefit)		$ 3,530	$ 2,022	1,400
Accumulated benefit obligation		232,500	230,200
Benefit obligation		235,826	234,350	235,433
Settlement loss	$ 600	633	16	810
Curtailment gain		0	0	409
Defined Benefit Plan, Special Termination Benefits		0	(235)	0
Acquisitions		0	235
Settlements		2,694	37
Amortization of prior service credit		$ (311)	$ (318)	(399)
Discount rate		4.38%	4.69%
Increase / Decrease in benefit obligation due to change in discount rate		$ 100
Future amortization of gain (loss)		3,700
Future amortization of transition assets		0
Future amortization of prior service cost (credit)		300
Employer contributions		4,214	$ 3,362
Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Net periodic cost (benefit)		29	35	41
Benefit obligation		1,729	1,683	1,806
Settlement loss		0	0	0
Curtailment gain		0	0	0
Defined Benefit Plan, Special Termination Benefits		0	0	0
Acquisitions		0	0
Settlements		0	0
Amortization of prior service credit		$ 0	$ 0	0
Discount rate		4.38%	4.69%
Future amortization of gain (loss)		$ 40
Employer contributions		$ 108	$ 109
Domestic Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate		4.39%	4.75%
Employer contributions		$ 0	$ 0
Domestic Pension Plan [Member] | Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Planned asset allocations		55.00%
Domestic Pension Plan [Member] | Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Planned asset allocations		36.00%
Domestic Pension Plan [Member] | Other Investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Planned asset allocations		9.00%
Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Eligible service period		10 years
Eligible age for electing early retirement		55 years
Eligible service period for employees electing early retirement		15 years
Other Postretirement Benefit Plan [Member] | 401k Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service period for employer contribution		1 year
Annual employer contribution per employee percent		4.00%
Employer matching percent of employee percent		25.00%
Employer matching limit		4.00%
Cost recognized		$ 1,700	2,000	1,800
Enhanced Defined Contribution Plan Cost Recognized		$ 1,600	$ 2,000	$ 2,000

EMPLOYEE BENEFITS (Details)

EMPLOYEE BENEFITS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Balance at beginning of year	$ 180,007
Balance at end of year	180,749	$ 180,007
Defined Benefit Plan, Amounts Recognized in Balance Sheet [Abstract]
Pension and postretirement liabilities	(58,840)	(57,322)
Pension Plan [Member]
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation at beginning of year	234,350	235,433
Service cost	2,178	1,953	$ 1,421
Interest cost	6,624	6,676	8,426
Plan participants' contributions	1,516	1,516
Actuarial loss (gain)	7,117	(610)
Foreign currency impact	(4,686)	(2,197)
Benefits and administrative expenses paid	(8,579)	(8,619)
Settlements	(2,694)	(37)
Acquisitions	0	235
Benefit obligation at end of year	235,826	234,350	235,433
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Balance at beginning of year	180,007	185,981
Actual return on plan assets	10,347	(597)
Employer contributions	4,214	3,362
Foreign currency impact	(4,063)	(1,599)
Settlements	(2,694)	(37)
Balance at end of year	180,748	180,007	185,981
Funded status of plans	(55,078)	(54,343)
Defined Benefit Plan, Amounts Recognized in Balance Sheet [Abstract]
Non-current assets	2,387	1,638
Current liabilities	(260)	(264)
Pension and postretirement liabilities	(57,205)	(55,717)
Net amount recognized	(55,078)	(54,343)
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net of Tax [Abstract]
Net actuarial (loss) gain	(80,837)	(80,641)
Transition asset	0	249
Prior service credit	1,474	1,804
Accumulated other comprehensive (loss) income	(79,363)	(78,588)
Accumulated contributions in excess of net periodic benefit cost	24,285	24,245
Net amount recognized	(55,078)	(54,343)
Other Postretirement Benefit Plan [Member]
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation at beginning of year	1,683	1,806
Service cost	11	12	11
Interest cost	76	74	87
Plan participants' contributions	292	338
Actuarial loss (gain)	67	(100)
Foreign currency impact	0	0
Benefits and administrative expenses paid	(400)	(447)
Settlements	0	0
Acquisitions	0	0
Benefit obligation at end of year	1,729	1,683	1,806
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Balance at beginning of year	0	0
Actual return on plan assets	0	0
Employer contributions	108	109
Foreign currency impact	0	0
Settlements	0	0
Balance at end of year	0	0	$ 0
Funded status of plans	(1,729)	(1,683)
Defined Benefit Plan, Amounts Recognized in Balance Sheet [Abstract]
Non-current assets	0	0
Current liabilities	(126)	(112)
Pension and postretirement liabilities	(1,603)	(1,571)
Net amount recognized	(1,729)	(1,683)
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net of Tax [Abstract]
Net actuarial (loss) gain	581	706
Transition asset	0	0
Prior service credit	0	0
Accumulated other comprehensive (loss) income	581	706
Accumulated contributions in excess of net periodic benefit cost	(2,310)	(2,389)
Net amount recognized	$ (1,729)	$ (1,683)

EMPLOYEE BENEFITS (Details 2)

EMPLOYEE BENEFITS (Details 2) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Plan, Plans with Benefit Obligations in Excess of Plan Assets [Abstract]
Projected benefit obligations	$ 230,724	$ 226,012
Fair value of plan assets	173,259	170,032
Excess of projected benefit obligations over plan assets	57,465	55,980
Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets [Abstract]
Accumulated benefit obligation	227,145	222,173
Fair value of plan assets	172,641	170,032
Excess of accumulated benefit obligations over plan assets	$ 54,504	$ 52,141

EMPLOYEE BENEFITS (Details 3)

EMPLOYEE BENEFITS (Details 3) - USD ($) $ in Thousands	Jan. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Pension Plan [Member]
Components of net periodic benefit cost (credit)
Service cost		$ 2,178	$ 1,953	$ 1,421
Interest cost		6,624	6,676	8,426
Expected return on plan assets		(9,025)	(9,555)	(9,892)
Amortization of prior service credit		(311)	(318)	(399)
Amortization of transition asset		(214)	(258)	(276)
Settlement loss	$ 600	633	16	810
Special termination benefits		0	235	0
Curtailment gain		0	0	(409)
Amortization of loss (gain)		3,645	3,273	1,719
Net periodic cost (benefit)		3,530	2,022	1,400
Other Postretirement Benefit Plan [Member]
Components of net periodic benefit cost (credit)
Service cost		11	12	11
Interest cost		76	74	87
Expected return on plan assets		0	0	0
Amortization of prior service credit		0	0	0
Amortization of transition asset		0	0	0
Settlement loss		0	0	0
Special termination benefits		0	0	0
Curtailment gain		0	0	0
Amortization of loss (gain)		(58)	(51)	(57)
Net periodic cost (benefit)		$ 29	$ 35	$ 41

EMPLOYEE BENEFITS (Details 4)

EMPLOYEE BENEFITS (Details 4) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net of Tax [Abstract]
Total recognized in other Comprehensive (income) loss	$ 899	$ 5,945	$ 26,163
Pension Plan [Member]
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net of Tax [Abstract]
Net (gain) loss arising during period	5,794	9,543	30,044
Amortization of transition asset	253	258	286
Amortization of prior service credit	311	318	808
Other (gain) loss	0	0	0
Amortization of (loss)	(4,317)	(3,289)	(2,539)
Foreign currency exchange impact	(1,267)	(835)	(2,503)
Total recognized in other Comprehensive (income) loss	774	5,995	26,096
Net recognized in net periodic benefit cost and other comprehensive (income) loss	4,304	8,017	27,496
Other Postretirement Benefit Plan [Member]
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net of Tax [Abstract]
Net (gain) loss arising during period	67	(100)	10
Amortization of transition asset	0	0	0
Amortization of prior service credit	0	0	0
Other (gain) loss	0	0	0
Amortization of (loss)	58	51	57
Foreign currency exchange impact	0	0	0
Total recognized in other Comprehensive (income) loss	125	(49)	67
Net recognized in net periodic benefit cost and other comprehensive (income) loss	$ 154	$ (14)	$ 108

EMPLOYEE BENEFITS (Details 5)

EMPLOYEE BENEFITS (Details 5)	12 Months Ended
	Dec. 31, 2016Rate	Dec. 31, 2015Rate	Dec. 31, 2014Rate
Domestic Pension Plan [Member]
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	4.75%	4.28%	5.24%
Expected return on plan assets	7.50%	7.50%	7.50%
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate	4.39%	4.75%
Other Postretirement Benefit Plan [Member]
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	4.69%	4.23%	5.13%
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate	4.38%	4.69%
Foreign Pension Plan [Member]
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	1.21%	1.43%	2.75%
Expected return on plan assets	3.91%	3.95%	3.91%
Rate of compensation increase	1.52%	1.76%	1.76%
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate	0.89%	1.21%
Rate of compensation increase	1.52%	1.52%

EMPLOYEE BENEFITS (Details 6)

EMPLOYEE BENEFITS (Details 6) $ in Thousands	Dec. 31, 2016USD ($)
Pension Plan [Member]
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract]
2,015	$ 10,349
2,016	10,195
2,017	11,120
2,018	10,892
2,019	11,417
Thereafter	59,463
Other Postretirement Benefit Plan [Member]
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract]
2,015	126
2,016	127
2,017	130
2,018	128
2,019	128
Thereafter	$ 529

STOCK BASED COMPENSATION (Detai

STOCK BASED COMPENSATION (Details Textual)	May 06, 2014shares	May 03, 2011shares
Stock based compensation
Number of shares authorized under the Plan	1,500,000	750,000
Options granted prior to the Plan [Member]
Stock based compensation
Number of shares counted against share limit		1
Common stock issued under the Plan		1
Options granted pursuant to the Plan [Member]
Stock based compensation
Number of shares counted against share limit	1.75	2
Common stock issued under the Plan	1	1

STOCK BASED COMPENSATION (Det89

STOCK BASED COMPENSATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock based compensation expenses	$ 244	$ (286)	$ 329
Restricted stock/unit awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock based compensation expenses	244	322	409
Performance share incentives [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock based compensation expenses	$ 0	$ (608)	$ (80)

STOCK BASED COMPENSATION (Det90

STOCK BASED COMPENSATION (Details 2) - Restricted stock/unit awards [Member] - USD ($) shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Stock based compensation
Outstanding at beginning of period (in shares)	105,875	160,175	165,875
Awarded (in shares)	0	0	0
Vested	(65,052)	(50,000)	0
Canceled or forfeited (in shares)	(3,323)	(4,300)	(5,700)
Outstanding at end of period (in shares)	37,500	105,875	160,175
Unamortized deferred compensation cost	$ 0.1	$ 0.3	$ 0.7
Expected weighted-average recognition period for unrecognized compensation cost (in years)	11 months 1 day	1 year 2 months 12 days	1 year 7 months 21 days
Amortization and vesting period	4 years

STOCK BASED COMPENSATION (Det91

STOCK BASED COMPENSATION (Details 3) - Performance share incentives [Member] - USD ($) shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Stock based compensation
Outstanding at beginning of period (in shares)	105,875	105,875	105,875
Awarded (in shares)	0	0	0
Canceled or forfeited (in shares)	(54,066)	0	0
Outstanding at end of period (in shares)	51,809	105,875	105,875
Unamortized deferred compensation cost	$ 0.6	$ 1.2	$ 0.6
Expected weighted-average recognition period for unrecognized compensation cost (in years)	11 months 19 days	1 year 1 month 28 days	2 years 1 month 28 days

CHANGES IN ACCUMULATED OTHER 92

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Changes in AOCI by component
Beginning balance, net of tax	$ (48,713)	$ (38,801)	$ (1,419)
Other comprehensive (loss) income before reclassifications	(9,342)	(13,417)	(39,576)
Less income reclassified from AOCI	(3,770)	(2,874)	(1,239)
Net other comprehensive (loss) income	(5,572)	(10,543)	(38,337)
Income taxes	371	(631)	(955)
Ending balance, net of tax	(54,656)	(48,713)	(38,801)
Foreign currency translation adjustments
Changes in AOCI by component
Beginning balance, net of tax	20,529	25,913	38,663
Other comprehensive (loss) income before reclassifications	(4,811)	(4,598)	(11,893)
Less income reclassified from AOCI	0	0	0
Net other comprehensive (loss) income	(4,811)	(4,598)	(11,893)
Income taxes	235	786	857
Ending balance, net of tax	15,483	20,529	25,913
Retirement plans related adjustments
Changes in AOCI by component
Beginning balance, net of tax	(69,100)	(64,570)	(40,213)
Other comprehensive (loss) income before reclassifications	(4,594)	(8,607)	(27,551)
Less income reclassified from AOCI	(3,695)	(2,662)	(1,388)
Net other comprehensive (loss) income	(899)	(5,945)	(26,163)
Income taxes	103	(1,415)	(1,806)
Ending balance, net of tax	(70,102)	(69,100)	(64,570)
Unrealized gain (loss) on cash flow hedges
Changes in AOCI by component
Beginning balance, net of tax	(142)	(144)	131
Other comprehensive (loss) income before reclassifications	63	(212)	(132)
Less income reclassified from AOCI	(75)	(212)	149
Net other comprehensive (loss) income	138	0	(281)
Income taxes	33	(2)	(6)
Ending balance, net of tax	$ (37)	$ (142)	$ (144)

CHANGES IN ACCUMULATED OTHER 93

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS (Details 2) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Reclassification out of AOCI
Sales	$ 86,794	$ 67,211	$ 70,186	$ 67,822	$ 86,960	$ 76,805	$ 82,356	$ 69,128	$ 292,013	$ 315,249	$ 311,633
Other expense, net									(310)	(632)	(514)
Income (loss) from continuing operations before income taxes									3,067	4,438	(1,125)
Income taxes									(1,843)	(1,828)	(1,233)
Net income (loss)	$ 3,707	$ (1,383)	$ 145	$ (1,245)	$ 2,759	$ (327)	$ 1,586	$ (1,408)	1,224	2,610	(2,140)
Unrealized gain (loss) on cash flow hedges | Amount reclassified from AOCI
Reclassification out of AOCI
Sales									27	(120)	43
Other expense, net									(102)	(92)	106
Income (loss) from continuing operations before income taxes									(75)	(212)	149
Income taxes									(16)	36	(8)
Net income (loss)									(91)	(176)	141
Retirement plans related adjustments | Amount reclassified from AOCI
Reclassification out of AOCI
Amortization of prior service credit									311	318	399
Amortization of transition asset									253	258	276
Amortization of actuarial loss									(4,259)	(3,238)	(2,063)
Income (loss) from continuing operations before income taxes									(3,695)	(2,662)	(1,388)
Income taxes									426	187	65
Net income (loss)									$ (3,269)	$ (2,475)	$ (1,323)

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details)		3 Months Ended								12 Months Ended
		Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2016USD ($)reportable_segmentproductRate	Dec. 31, 2015USD ($)reportable_segment	Dec. 31, 2014USD ($)
Industry segment and foreign operations
Number of reportable business segments | reportable_segment										2	2
Number of primary product groups | product										2
Financial results of reportable segments
Sales		$ 86,794,000	$ 67,211,000	$ 70,186,000	$ 67,822,000	$ 86,960,000	$ 76,805,000	$ 82,356,000	$ 69,128,000	$ 292,013,000	$ 315,249,000	$ 311,633,000
Depreciation and amortization										8,789,000	8,824,000	10,169,000
Segment (loss) income										3,395,000	4,937,000	(447,000)
Capital expenditures										2,479,000	4,210,000	3,186,000
Segment assets		297,550,000				310,938,000				297,550,000	310,938,000	311,084,000
Reconciliation of segment income to consolidated income before income taxes
Goodwill and Intangible Asset Impairment										0	0	(5,766,000)
Income (loss) from continuing operations before income taxes										$ 3,067,000	4,438,000	(1,125,000)
Maximum amount of sales attributable to a single customer | Rate										5.00%
Operating segment
Financial results of reportable segments
Sales										$ 292,013,000	315,249,000	311,633,000
Depreciation and amortization										7,819,000	8,782,000	9,497,000
Segment (loss) income										9,970,000	10,737,000	10,658,000
Capital expenditures										2,479,000	4,195,000	3,186,000
Segment assets	[1]	265,279,000				274,334,000				265,279,000	274,334,000	290,816,000
Reconciliation of segment income to consolidated income before income taxes
Unallocated corporate expense										(6,575,000)	(5,800,000)	(5,540,000)
Acquisition related inventory step-up charge										0	0	(86,000)
Business Combination, Acquisition Related Costs										0	0	(178,000)
Goodwill and Intangible Asset Impairment										0	0	(5,766,000)
Interest expense, net										(328,000)	(499,000)	(678,000)
Other unallocated income (expense)										0	0	465,000
Income (loss) from continuing operations before income taxes										3,067,000	4,438,000	(1,125,000)
Operating segment | MMS
Financial results of reportable segments
Sales										230,705,000	250,854,000	243,199,000
Depreciation and amortization										5,764,000	6,497,000	6,952,000
Segment (loss) income										3,060,000	7,365,000	3,950,000
Capital expenditures										1,943,000	3,186,000	2,088,000
Segment assets	[1]	219,503,000				226,265,000				219,503,000	226,265,000	241,340,000
Operating segment | ATA
Financial results of reportable segments
Sales										61,647,000	65,128,000	68,788,000
Depreciation and amortization										2,055,000	2,285,000	2,545,000
Segment (loss) income										6,910,000	3,372,000	6,708,000
Capital expenditures										536,000	1,009,000	1,098,000
Segment assets	[1]	45,776,000				48,069,000				45,776,000	48,069,000	49,476,000
Inter-Segment Eliminations
Financial results of reportable segments
Sales										(339,000)	(733,000)	(354,000)
Unallocated assets
Financial results of reportable segments
Segment assets		32,271,000				36,604,000				32,271,000	36,604,000	20,268,000
Reconciliation of segment income to consolidated income before income taxes
Cash		$ 28,300,000				$ 32,800,000				28,300,000	$ 32,800,000	$ 16,300,000
Minimum | MMS
Reconciliation of segment income to consolidated income before income taxes
Average selling price										40,000
Minimum | ATA
Reconciliation of segment income to consolidated income before income taxes
Average selling price										40
Maximum | MMS
Reconciliation of segment income to consolidated income before income taxes
Average selling price										2,000,000
Maximum | ATA
Reconciliation of segment income to consolidated income before income taxes
Average selling price										$ 200,000
[1]	Segment assets primarily consist of restricted cash, accounts receivable, inventories, prepaid and other assets, property, plant and equipment, and intangible assets. Unallocated assets primarily include, cash and cash equivalents, corporate property, plant and equipment, deferred income taxes, and other non-current assets.

SEGMENT INFORMATION (Details 2)

SEGMENT INFORMATION (Details 2) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	$ 90,270				$ 96,663				$ 90,270	$ 96,663	$ 102,789
Sales	86,794	$ 67,211	$ 70,186	$ 67,822	86,960	$ 76,805	$ 82,356	$ 69,128	292,013	315,249	311,633
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	35,166				37,607				35,166	37,607	39,656
Sales									87,122	103,650	94,420
Other North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	0				0				0	0	0
Sales									5,546	4,820	6,474
North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	35,166				37,607				35,166	37,607	39,656
Sales									92,668	108,470	100,894
England
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	340				555				340	555	604
Sales									7,925	12,780	13,848
Germany
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	1,333				1,388				1,333	1,388	1,741
Sales									38,573	34,830	46,543
Switzerland
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	28,025				30,322				28,025	30,322	31,524
Sales									5,210	7,613	6,834
Other Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	79				74				79	74	107
Sales									39,674	42,046	35,838
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	29,777				32,339				29,777	32,339	33,976
Sales									91,382	97,269	103,063
China
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	9,242				10,515				9,242	10,515	11,543
Sales									94,816	92,727	88,933
Taiwan
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	13,534				13,453				13,534	13,453	14,603
Sales									2,957	3,772	4,296
Other Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	2,551				2,749				2,551	2,749	3,011
Sales									10,190	13,011	14,447
Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	$ 25,327				$ 26,717				25,327	26,717	29,157
Sales									$ 107,963	$ 109,510	$ 107,676

(LOSS) EARNINGS PER SHARE (Deta

(LOSS) EARNINGS PER SHARE (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Numerator for basic and diluted earnings (loss) per share:
Net (loss) income from continuing operations									$ 1,224	$ 2,610	$ (2,358)
Gain from disposal of discontinued operation, net of tax									0	0	218
Net Income (loss) applicable to common shareholders									$ 1,224	$ 2,610	$ (2,140)
Denominator:
Denominator for basic (loss) earnings per share - weighted average shares (in shares)	12,854,000	12,835,000	12,812,000	12,797,000	12,793,000	12,793,000	12,776,000	12,742,000	12,824,000	12,776,000	12,661,000
Denominator for diluted (loss) earnings per share - adjusted weighted average shares (in shares)	12,922,000	12,835,000	12,898,000	12,797,000	12,886,000	12,793,000	12,857,000	12,742,000	12,909,000	12,872,000	12,661,000
Stock Compensation Plan
Denominator:
Anti-dilutive stock-based awards excluded from calculation of diluted earnings per share (in shares)									0	0	39,752
Stock options
Denominator:
Incremental shares attributable to assumed conversion of share based payment awards (in shares)									20,000	21,000	0
Restricted stock/unit awards [Member]
Denominator:
Incremental shares attributable to assumed conversion of share based payment awards (in shares)									65,000	75,000	0

SELECTED QUARTERLY FINANCIAL 97

SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Sales	$ 86,794	$ 67,211	$ 70,186	$ 67,822	$ 86,960	$ 76,805	$ 82,356	$ 69,128	$ 292,013	$ 315,249	$ 311,633
Gross Profit	28,079	23,151	23,553	22,744	30,352	25,369	26,962	21,855	97,527	104,538	100,782
Net income (loss)	$ 3,707	$ (1,383)	$ 145	$ (1,245)	$ 2,759	$ (327)	$ 1,586	$ (1,408)	$ 1,224	$ 2,610	$ (2,140)
Basic (loss) earnings per share (in dollars per share)	$ 0.29	$ (0.11)	$ 0.01	$ (0.10)	$ 0.22	$ (0.03)	$ 0.12	$ (0.11)	$ 0.10	$ 0.20	$ (0.17)
Diluted (loss) earnings per share (in dollars per share)	$ 0.29	$ (0.11)	$ 0.01	$ (0.10)	$ 0.21	$ (0.03)	$ 0.12	$ (0.11)	$ 0.09	$ 0.20	$ (0.17)
Denominator for basic (loss) earnings per share - weighted average shares (in shares)	12,854	12,835	12,812	12,797	12,793	12,793	12,776	12,742	12,824	12,776	12,661
Denominator for diluted (loss) earnings per share - adjusted weighted average shares (in shares)	12,922	12,835	12,898	12,797	12,886	12,793	12,857	12,742	12,909	12,872	12,661

NEW ACCOUNTING STANDARDS (Detai

NEW ACCOUNTING STANDARDS (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease in deferred income tax assets		$ 0
Decrease in current deferred income tax liabilities		0
Increase in deferred income tax assets	$ 3,000	2,430
Increase in deferred income liabilities	3,800	3,088
Long-term Debt, Current Maturities [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Unamortized debt issuance costs	70
Other Noncurrent Assets [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Unamortized debt issuance costs	$ 20
Accounting Standards Update 2015-03 [Member] | Other Current Assets [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred finance costs, net		(70)
Accounting Standards Update 2015-03 [Member] | Long-term Debt, Current Maturities [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred finance costs, net		70
Accounting Standards Update 2015-03 [Member] | Long-term Debt, Excluding Current Maturities [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred finance costs, net		90
Accounting Standards Update 2015-03 [Member] | Other Noncurrent Assets [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred finance costs, net		(90)
New Accounting Pronouncement, Early Adoption, Effect [Member] | Accounting Standards Update 2015-07 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease in deferred income tax assets		2,100
Decrease in current deferred income tax liabilities		2,200
Increase in deferred income tax assets		1,900
Increase in deferred income liabilities		$ 2,000

SCHEDULE II - VALUATION AND Q99

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Valuation and Qualifying Accounts Disclosure [Line Items]
Beginning of period		$ 67,240	$ 67,158	$ 72,468
Costs and expenses		5,747	5,841	4,460
Other accounts		963	314	5,646
Deductions		3,671	4,946	12,857
Currency translation adjustments		(1,515)	(1,127)	(2,559)
End of period		68,764	67,240	67,158
Allowance for Doubtful Accounts [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Beginning of period		873	1,062	1,139
Costs and expenses		215	135	400
Other accounts		41	0	4
Deductions	[1]	280	271	401
Currency translation adjustments		(53)	(53)	(80)
End of period		796	873	1,062
Inventory Valuation Reserve [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Beginning of period		22,704	21,307	22,032
Costs and expenses		3,612	3,995	3,451
Other accounts		0	314	16
Deductions		2,829	2,521	2,533
Currency translation adjustments		(531)	(391)	(1,659)
End of period		22,956	22,704	21,307
Valuation Allowance of Deferred Tax Assets [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Beginning of period		43,663	44,789	49,297
Costs and expenses		1,920	1,711	609
Other accounts		922	0	5,626
Deductions		562	2,154	9,923
Currency translation adjustments		(931)	(683)	(820)
End of period		$ 45,012	$ 43,663	$ 44,789
[1]	(1) Uncollectable accounts written off, net of recoveries.