Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2016 |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | Consolidation Policy |
Nature of Business [Policy Text Block] | Nature of Business Sypris is a diversified provider of outsourced services and specialty products. The Company performs a wide range of manufacturing, engineering, design and other technical services, often under sole-source contracts with corporations and government agencies in the markets for truck components and assemblies and aerospace and defense electronics. The Company provides such services through its Sypris Technologies and Sypris Electronics segments. See Note 22 |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates |
Fair Value Measurement, Policy [Policy Text Block] | Fair Value Estimates three 1 2 3 |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash Equivalents and Restricted Cash Cash equivalents include all highly liquid investments with a maturity of three |
Inventory, Policy [Policy Text Block] | Inventory first first manufacturing process but not incorporated into finished products are classified as raw materials. The Company’s reserve for excess and obsolete inventory is primarily based upon forecasted demand for its product sales, and any change to the reserve arising from forecast revisions is reflected in cost of sales in the period the revision is made. |
Property, Plant and Equipment, Policy [Policy Text Block] | Property, Plant and Equipment 40 three fifteen |
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block] | Long-lived Assets The Company reviews the carrying value of amortizable long-lived assets whenever events or changes in circumstances indicate that the carrying amount of an asset may Held for sale We classify long-lived assets or disposal groups as held for sale in the period: management commits to a plan to sell; the long-lived asset or disposal group is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such long-lived assets or disposal groups; an active program to locate a buyer and other actions required to complete the plan to sell have been initiated; the sale is probable within one |
Research, Development, and Computer Software, Policy [Policy Text Block] | Software Development Costs Software development costs for Sypris Electronics are expensed as incurred until technological feasibility has been established, at which time those costs are capitalized as intangible assets until the software is implemented into products sold to customers. Capitalized software development costs are amortized on a straight-line basis over the estimated useful life of the software, which is currently eighteen 2016 4). December 31, 2015, $1,597,000 December 31, 2016 2015, $1,089,000 $2,090,000, |
Revenue Recognition, Deferred Revenue [Policy Text Block] | Deferred Revenue Deferred revenue for Sypris Electronics is recorded when payments are received in advance for service agreements and extended warranties on certain products and is amortized into revenue on a straight-line basis over the contractual term. Deferred revenue for Sypris Electronics also includes prepayments received prior to the time when products are shipped. When the related products are shipped, the related amount recorded as deferred revenue is recognized as revenue. Deferred revenue for Sypris Technologies is recorded when prepayments received prior to the time when products are shipped. When the related products are shipped, the related amount recorded as deferred revenue is recognized as revenue. Deferred revenue is included in accrued liabilities in the accompanying balance sheets. |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Stock-based Compensation The Company accounts for stock-based compensation in accordance with the fair value recognition provisions using the Black-Scholes option-pricing method, which requires the input of several subjective assumptions. These assumptions include estimating the length of time employees will retain their vested stock options before exercising them (expected term), the estimated volatility of our common stock price over the expected term and the number of options that will ultimately not complete their vesting requirements (forfeitures). Changes in the subjective assumptions can materially affect the fair value estimate of stock-based compensation and consequently, the related expense recognized in the consolidated statements of operations. |
Income Tax, Policy [Policy Text Block] | Income Taxes The Company uses the liability method in accounting for income taxes. Deferred tax assets and liabilities are recorded for temporary differences between the tax basis of assets and liabilities and their reported amounts in the consolidated financial statements, using the statutory tax rates in effect for the year in which the differences are expected to reverse. A valuation allowance is recorded to reduce the carrying amounts of deferred tax assets unless it is more likely than not that such assets will be realized. In the ordinary course of business there is inherent uncertainty in quantifying the Company’s income tax positions. The Company assesses its income tax positions and records tax benefits for all years subject to examination based upon management’s evaluation of the facts, circumstances, and information available at the reporting dates. For those tax positions where it is more-likely-than-not that a tax benefit will be sustained, the Company has recorded the largest amount of tax benefit with a greater than 50% The Company recognizes liabilities or assets for the deferred tax consequences of temporary differences between the tax bases of assets or liabilities and their reported amounts in the financial statements in accordance with ASC 740, Income Taxes The Company expects to repatriate available non-U.S. cash holdings to support management’s strategic objectives and fund ongoing U.S. operational cash flow requirements; therefore current earnings from non-U.S. operations are not treated as permanently reinvested. The U.S. income tax recorded in 2015 may December 31, 2016, |
Cost of Sales, Policy [Policy Text Block] | Net Revenue and Cost of Sales Net revenue of products and services under commercial terms and conditions are recorded upon delivery and passage of title, or when services are rendered. Related shipping and handling costs, if any, are included in costs of sales. (1) (2) (3) (4) |
Premiums Receivable, Allowance for Doubtful Accounts, Estimation Methodology, Policy [Policy Text Block] | Allowance for Doubtful Accounts An allowance for uncollectible trade receivables is recorded when accounts are deemed uncollectible based on consideration of write-off history, aging analysis, and any specific, known troubled accounts. |
Standard Product Warranty, Policy [Policy Text Block] | Product Warranty Costs December 31, 2016 2015, $856,000 $830,000, December 31, 2016 2015 $73,000 $159,000, Additionally, prior to the sale of the CSS business (see Note 4) three five December 31, 2016 2015, $162,000 $495,000, December 31, 2016, $155,000 $7,000 December 31, 2015, $333,000 $162,000 |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentrations of Credit Risk 41% December 31, 2016 three 15%, 14% 12%, December 31, 2016 37% December 31, 2015 three 16%, 11% 10%, December 31, 2015 Sypris Technologies’ largest customers for the year ended December 31, 2016 19%, 12% 10%, December 31, 2015, 30%, 11% 10%, 3% 5% December 31, 2016 2015, 10% December 31, 2016 2015. |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | Foreign Currency Translation The functional currency for the Company’s Mexican subsidiaries is the Mexican peso. Assets and liabilities are translated at the period end exchange rate, and income and expense items are translated at the weighted average exchange rate. The resulting translation adjustments are recorded in comprehensive (loss) income as a separate component of stockholders’ equity. Remeasurement gains or losses for U.S. dollar denominated accounts of the Company’s Mexican subsidiaries are included in other (income), net. |
Collective Bargaining Agreements [Policy Text Block] | Collective Bargaining Agreements Approximately 335, 55% December 31, 2016. 139 12 32% 196 December 31, 2016. |
New Accounting Pronouncements, Policy [Policy Text Block] | Adoption of Recently Issued Accounting Standards In May 2014, 2014 09, August 2015, 2015 14, 2014 09 one January 1, 2018. March 2016, 2016 08, April 2016, 2016 10, 606) May 2016, 2016 12, 606) 2016 12 2016 12 In August 2014, 2014 15, 2014 15 December 15, 2016, The adoption of this standard did not have a material impact on the Company’s consolidated financial statements and related disclosures. In April 2015, 2015 03, 835 30): 2015 03 2015 03. August 2015 2015 15, 835 30): June 18, 2015 2015 15 2015 03. 2015 03 December 15, 2015, January 1, 2016. $1,220,000 December 31, 2015 . In July 2015, 2015 11, December 15, 2016, In February 2016, 2016 02, 842). 840, December 15, 2018, 17 In March 2016, 2016 09, 2016 09) 2016 09 . We adopted this ASU effective January 1, 2017, In August 2016, 2016 15, December 15, 2017, In October 2016, January 1, 2018 In November 2016, January 1, 2018 |