Sypris Solutions (SYPR) 10-K 20 Mar 18 2017 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Mar. 12, 2018	Jul. 02, 2017
Document Information [Line Items]
Entity Registrant Name	SYPRIS SOLUTIONS INC
Entity Central Index Key	864,240
Trading Symbol	sypr
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		21,422,077
Entity Public Float			$ 17,851,794
Document Type	10-K
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Net revenue	$ 82,294	$ 91,797
Cost of sales	79,312	91,048
Gross profit	2,982	749
Selling, general and administrative	13,128	22,008
Research and development	38	330
Severance, relocation and other costs	2,360	1,169
Operating loss	(12,544)	(22,758)
Interest expense, net	809	4,882
Loss on extinguishment of debt	0	1,521
Other income, net	(1,913)	(35,505)
(Loss) income before income taxes	(11,440)	6,344
Income tax (benefit) expense, net	(618)	301
Net (loss) income	$ (10,822)	$ 6,043
(Loss) income per common share:
Basic (in dollars per share)	$ (0.53)	$ 0.30
Diluted (in dollars per share)	(0.53)	0.30
Cash dividends per common share (in dollars per share)	$ 0	$ 0
Weighted average shares outstanding:
Basic (in shares)	20,326	19,861
Diluted (in shares)	20,326	19,861

Consolidated Statements of Comp

Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Net (loss) income	$ (10,822)	$ 6,043
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax of $267 and $0 in 2017 and 2016, respectively	419	(1,780)
Employee benefit related, net of tax of $400 and $0 in 2017 and 2016, respectively	628	942
Other comprehensive income (loss)	1,047	(838)
Comprehensive (loss) income	$ (9,775)	$ 5,205

Consolidated Statements of Com4

Consolidated Statements of Comprehensive (Loss) Income (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Foreign currency translation adjustments, tax	$ 267	$ 0
Employee benefit related, tax	$ 400	$ 0

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 8,144,000	$ 15,270,000
Restricted cash	0	1,500,000
Accounts receivable, net	9,317,000	8,010,000
Inventory, net	17,641,000	14,558,000
Other current assets	2,003,000	2,730,000
Assets held for sale	2,898,000	832,000
Total current assets	40,003,000	42,900,000
Property, plant and equipment, net	15,574,000	17,943,000
Other assets	1,578,000	1,794,000
Total Assets	57,155,000	62,637,000
Current liabilities:
Accounts payable	10,465,000	6,693,000
Accrued liabilities	10,330,000	10,821,000
Current portion of capital lease obligations	829,000	208,000
Total current liabilities	21,624,000	17,722,000
Note payable – related party	6,435,000	6,375,000
Long-term capital lease obligations	3,397,000	2,950,000
Other liabilities	8,769,000	9,492,000
Total liabilities	40,225,000	36,539,000
Stockholders’ equity:
Preferred stock	0	0
Common stock	214,000	213,000
Additional paid-in capital	153,858,000	153,252,000
Accumulated deficit	(111,591)	(100,769)
Accumulated other comprehensive loss	(25,551,000)	(26,598,000)
Treasury stock, 16,192 and 1,192 shares in 2017 and 2016, respectively	0	0
Total stockholders’ equity	16,930,000	26,098,000
Total liabilities and stockholders’ equity	57,155,000	62,637,000
Series A Preferred Stock [Member]
Stockholders’ equity:
Preferred stock	0	0
Nonvoting Common Stock [Member]
Stockholders’ equity:
Common stock	$ 0	$ 0

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2017	Dec. 31, 2016
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	975,150	975,150
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	30,000,000	30,000,000
Common stock, shares issued (in shares)	21,438,269	21,330,882
Common stock, shares outstanding (in shares)	21,422,077	21,329,690
Treasury stock (in shares)	16,192	1,192
Series A Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	24,850	24,850
Preferred stock, shares issued (in shares)	0	0
Nonvoting Common Stock [Member]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	10,000,000	10,000,000
Common stock, shares issued (in shares)	0	0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities:
Net (loss) income	$ (10,822,000)	$ 6,043,000
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Depreciation and amortization	3,884,000	6,288,000
Deferred income taxes	(667,000)	0
Non-cash compensation	730,000	1,372,000
Deferred loan costs amortized	60,000	2,261,000
Loss on extinguishment of debt	0	1,521,000
Net gain on sale of assets	(2,668,000)	(33,626,000)
Provision for excess and obsolete inventory	116,000	880,000
Other noncash items	(32,000)	(1,440,000)
Changes in operating assets and liabilities:
Accounts receivable	(1,419,000)	4,072,000
Inventory	(3,204,000)	(1,809,000)
Prepaid expenses and other assets	951,000	(81,000)
Accounts payable	3,491,000	(4,610,000)
Accrued and other liabilities	121,000	(175,000)
Net cash used in operating activities	(9,459,000)	(19,304,000)
Cash flows from investing activities:
Capital expenditures	(1,637,000)	(1,763,000)
Proceeds from sale of assets	2,801,000	51,581,000
Change in restricted cash	1,500,000	(1,500,000)
Net cash provided by investing activities	2,664,000	48,318,000
Cash flows from financing activities:
Repayment of term loan	0	(11,714,000)
Repayment of revolving credit agreement	0	(2,132,000)
Penalty paid on early extinguishment of debt	0	(1,521,000)
Proceeds from related party note payable	0	1,000,000
Debt issuance and modification costs	0	(379,000)
Capital lease payments	(208,000)	(156,000)
Indirect repurchase of shares for minimum statutory tax withholdings	(123,000)	(191,000)
Net cash used in financing activities	(331,000)	(15,093,000)
Net (decrease) increase in cash and cash equivalents	(7,126,000)	13,921,000
Cash and cash equivalents at beginning of year	15,270,000	1,349,000
Cash and cash equivalents at end of year	8,144,000	15,270,000
Supplemental disclosure of cash flow information:
Expenditures funded by capital lease borrowings	$ 1,277,000	$ 0

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]	Total
Balance (in shares) at Dec. 31, 2015	20,776,544
Balance at Dec. 31, 2015	$ 208,000	$ 152,077,000	$ (106,812,000)	$ (25,760,000)	$ (1,000)
Net (loss) income			6,043,000			$ 6,043,000
Employee benefit related, net of tax of $400 and $0 in 2017 and 2016, respectively				942,000		942,000
Foreign currency translation adjustment				(1,780,000)
Restricted common stock grant (in shares)	793,500
Restricted common stock grant	$ 5,000	(5,000)			$ 1,000
Noncash compensation (in shares)	48,000
Noncash compensation		1,372,000
Treasury stock (in shares)	(94,000)
Retire treasury stock (in shares)	(194,354)
Retire treasury stock		(192,000)
Balance (in shares) at Dec. 31, 2016	21,329,690
Balance at Dec. 31, 2016	$ 213,000	153,252,000	(100,769,000)	(26,598,000)		26,098,000
Net (loss) income			(10,822,000)			(10,822,000)
Employee benefit related, net of tax of $400 and $0 in 2017 and 2016, respectively				628,000		628,000
Foreign currency translation adjustment				419,000
Restricted common stock grant (in shares)	199,000
Restricted common stock grant	$ 2,000	(2,000)
Noncash compensation (in shares)	42,000
Noncash compensation		730,000
Treasury stock (in shares)	(39,000)
Retire treasury stock (in shares)	(109,613)
Retire treasury stock	$ (1,000)	(122,000)
Balance (in shares) at Dec. 31, 2017	21,422,077
Balance at Dec. 31, 2017	$ 214,000	$ 153,858,000	$ (111,591,000)	$ (25,551,000)		$ 16,930,000

Note 1 - Organization and Signi

Note 1 - Organization and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	( 1 Organization and Significant Accounting Policies Consolidation Policy The accompanying consolidated financial statements include the accounts of Sypris Solutions, Inc. and its wholly-owned subsidiaries (collectively, “Sypris” or the “Company”) and have been prepared by the Company in accordance with the rules and regulations of the Securities and Exchange Commission. The Company’s operations are domiciled in the United States (U.S.) and Mexico and serve a wide variety of domestic and international customers. All intercompany accounts and transactions have been eliminated. Nature of Business Sypris is a diversified provider of truck components, oil and gas pipeline components and aerospace and defense electronics. The Company produces a wide range of manufactured products, often under multi-year, sole-source contracts with corporations and government agencies. The Company offers such products through its two August 16, 2016, 4 22 Use of Estimates The preparation of the consolidated financial statements and accompanying notes in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported. Changes in facts and circumstances could have a significant impact on the resulting estimated amounts included in our consolidated financial statements. Actual results could differ from these estimates. Fair Value Estimates The Company estimates fair value of its financial instruments utilizing an established three 1 2 3 Cash Equivalents and Restricted Cash Cash equivalents include all highly liquid investments with a maturity of three Inventory Inventory is stated at the lower of cost or estimated net realizable value. Costs for raw materials, work in process and finished goods is determined under the first first manufacturing process but not 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 Property, plant and equipment is stated at cost. Depreciation of property, plant and equipment is generally computed using the straight-line method over their estimated economic lives. For land improvements, buildings and building improvements, the estimated economic life is generally 40 three fifteen 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 not 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 Software Development Costs Software development costs for Sypris Electronics were expensed as incurred until technological feasibility has been established, at which time those costs were capitalized as intangible assets until the software was implemented into products sold to customers. Capitalized software development costs were amortized on a straight-line basis over the estimated useful life of the software, which was eighteen 2016 4 December 31, 2016, $1,089,000. Deferred Revenue Deferred revenue is recorded when payments are received prior to the shipment of products. 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. 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) and the estimated volatility of our common stock price over the expected term. Changes in the subjective assumptions can materially affect the fair value estimate of stock-based compensation and consequently, the related expense is recognized in the consolidated statements of operations. 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 December 22, 2017, 21% 2018 20 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 50% not not no 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 Net Revenue and Cost of Sales The Company recognizes manufacturing revenue when goods have been shipped to our customer, title has passed, the price to the buyer is fixed or determinable and recoverability is reasonably assured. Generally, there are no The Company also provides engineering design services and repair or inspection services, which are separate from the manufacturing of a product. Revenue for services is generally recognized when the services are rendered. Additionally, in 2016 August 16, 2016 ( 4 Net revenue from services, including those provided through the Company ’s CSS business prior to its sale in August 2016, 10% The Company previously separately reported revenue as either products revenue for company designed products or as outsourced services revenue, primarily when the design specifications for the manufactured products were provided by our customers. Net revenue and cost of sales in the 2016 2017 There is no 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. Product Warranty Costs The provision for estimated warranty costs is recorded at the time of sale and is periodically adjusted to reflect actual experience. The Company’s warranty liability, which is included in accrued liabilities in the accompanying balance sheets, as of December 31, 2017 2016, $666,000 $856,000, December 31, 2017 2016 not Concentrations of Credit Risk Financial instruments which potentially expose the Company to concentrations of credit risk consist of accounts receivable. The Company’s customer base consists of a number of customers in diverse industries across geographic areas, primarily in North America and Mexico, and aerospace and defense companies under contract with the U.S. Government. The Company performs periodic credit evaluations of its customers’ financial condition and does not 30% December 31, 2017 two 15% 15%, December 31, 2017 41% December 31, 2016 three 15%, 14% 12%, December 31, 2016 The Company’s largest customers for the year ended December 31, 2017 14%, 13% 13%, December 31, 2016, 19%, 12% 10%, 3% December 31, 2016. No 10% December 31, 2017 2016. 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 Approximately 349, 57% December 31, 2017. no 12 51% 308 December 31, 2017. Recently Issued Accounting Standards In 2014, Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014 09 606 2015 14 606 2016 08 606 2016 10 606 2016 12 606 2016 20 606 606 The Revenue Recognition ASUs outline a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersede most current revenue recognition guidance, including industry-specific guidance. The guidance is based on the principle that an entity should recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to fulfill a contract. This guidance is effective for the Company beginning on January 1, 2018 not We have evaluated each of the five 1 ) Identify the contract with the customer; 2 3 4 5 1 2 3 4 not With regard to recognizing revenue when (or as) a performance obligation is satisfied (step 5 we have reviewed the language in our contracts with each customer to determine whether the customer obtains control of the goods at a point in time or over time. Under current revenue recognition guidance, we recognize revenue when products are shipped to our customers and title transfers under standard commercial terms or when realizable in accordance with our commercial agreements. Topic 606 not no In February 2016, No. 2016 02, 842 ccounting Standards Codification (“ASC”) 840, December 15, 2018, In March 2016, No. 2016 09, 2016 09 2016 09 January 1, 2017, were not December 31, 2017, s common stock, employee exercise behavior and corporate income tax rates, the excess tax benefits associated with the exercise of stock options and vesting of restricted and performance shares could generate a significant discrete income tax benefit in a particular interim period potentially creating volatility in net income and earnings per share period-to-period and period-over-period. Our plans do not In August 2016, No. 2016 15, 2016 15 December 15, 2017, not In October 2016, U.S. GAAP prohibits the recognition in earnings of current and deferred income taxes for an intra-entity transfer until the asset is sold to an outside party or recovered through use. This amendment simplifies the accounting by requiring entities to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The new guidance, which could impact effective tax rates, becomes effective January 1, 2018 not not In November 2016, January 1, 2018 In March 2017, SU No. 2017 07, 2017 07 not The Company will adopt the new guidance effective January 1, 2018. In May 2017, No. 2017 09, 718, 718. December 15, 2017, not 2017 09 In February 2018, No. 2018 02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (ASU 2018 02 2018 02 2017. December 15, 2018, 2018 02.

Note 2 - Strategic Actions

Note 2 - Strategic Actions	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	( 2 Strategic Actions The Company completed a number of strategic actions during 2015 2016 s with certain Tier I automotive customers primarily due to global pricing constraints, the downturn in the commercial vehicle market beginning in the fourth 2015 2015 2016 3 4 5 2015, 2015, August 2016. $6,500,000 2019. 2017 2021, 2023 2025 14 During 2016, U.S. Qualification of production for the first 2016. 2017 During the fourth 2016, 50,000 300,000 CSS product lines. All manufacturing operations for Sypris Electronics are now performed in the new facility, which has resulted in a significant reduction in rent and related operating expenses effective January 1, 2017 2016. The Company has embraced a strategic change in its business by repositioning away from certain of its traditional Tier 1 not January 1, 2017, . As a result of these decisions, the Company experienced a significant reduction in its commercial vehicle revenues in 2017 3

Note 3 - Exit and Disposal Acti

Note 3 - Exit and Disposal Activities	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	( 3 ) Exit and Disposal Activities On November 22, 2016, , as needed, and/or the closure of the plant. Accordingly, management explored various exit or disposal options for the Broadway Plant with the input of our salaried and unionized employees, our customers and others within the industry. On February 21, 2017, 2017. 2018. As a result of these initiatives, the Company recorded charges of $645,000, $0.03 diluted share in 2016 $2,360,000, $0.12 2017, Recognized Remaining Total as of Costs to be Program December 31, 2017 Recognized Severance and benefit-related costs $ 1,363 $ 1,363 $ 0 Asset impairments 188 188 0 Equipment relocation costs 1,536 1,424 112 Other 530 30 500 $ 3,617 $ 3,005 $ 612 Severance and benefit-related costs tied to workforce reductions were recorded in accordance with Accounting Standards Codification (ASC) 420 , Exit or Disposal Cost Obligations 712, Compensation – Nonretirement Postemployment Benefits 420, one one $936,000 $427,000 2017 2016, The Company evaluates its long-lived assets for impairment when events or circumstances indicate that the carrying value may not ASC 360, Impairment and Disposal of Long-Lived Asset $188,000 2016. not 2017, not For assets to be redeployed to other Company locations, the Company incurred equipment relocation costs of $1, 424,000 2017 $112,000 2018. $2,531,000; not A summary of costs and related reserves for the transition of production from the Broadway Plant at December 31, 2017 Accrued Cash Accrued Balance at Payments Balance at Dec. 31, 2017 or Asset Dec. 31, 2016 Charge Write-Offs 2017 Severance and benefit related costs $ 427 $ 936 $ (1,218 ) $ 145 Equipment relocation costs 0 1,424 (1,424 ) 0 $ 427 $ 2,360 $ (2,642 ) $ 145 The Company expects to incur additional pre-tax costs of approximately $ 612,000 As noted above, management expects to use proceeds from the sale of any underutilized or non-core assets to fund costs incurred on the transfer of equipment from the Broadway Plant and the transition of the related production. The following assets have been segregated and included in assets held for sale in the consolidated balance sheet (in thousands): December 31, 2017 2016 Property, plant and equipment $ 28,874 $ 6,673 Accumulated depreciation (25,976 ) (5,841 ) Property, plant and equipment, net $ 2,898 $ 832

Note 4 - CSS Sale

Note 4 - CSS Sale	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	( 4 ) CSS Sale On August 16, 2016, the CSS product lines. The assets were sold for $42,000,000 $1,500,000 third 2017 12 $31,240,000 December 31, 2016. A portion of the proceeds from the CSS Sale was used to pay off the Company’s most senior, secured debt consisting of a “Term Loan” and a “Revolving Credit Facility.” As a result of the early extinguishment of debt, the Company was required to pay $1,521,000 December 31, 2016. Revenue from the CSS business for the year ended December 31, 2016 $11,061,000. While the Company is able to distinguish revenue and contribution margin information related to the CSS business, the Company is not not

Note 5 - Toluca Sale-leaseback

Note 5 - Toluca Sale-leaseback	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Sale Leaseback Transactions [Text Block]	( 5 ) Toluca Sale-Leaseback On March 9, 2016, the “Seller”), a subsidiary of the Company, concluded its sale of the 24 215,000,000 $12,182,000 9 $1,116,000. As a result of the Toluca Sale-Leaseback, the Company initially recorded a capital lease of $3,315,000, $2,370,000 year ended December 31, 2016, $4,075,000 December 31, 2017, ten $936,000

Note 6 - Other Income, Net

Note 6 - Other Income, Net	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Other Income and Other Expense Disclosure [Text Block]	( 6 ) Other Income, Net During the year ended December 31, 2017, $1,913,000, $2,668,000 $773,000 Other income for the year ended December 31, 2016 $31,240,000 4 2016 $2,370,000 first 2016 5 December 31, 2016, $951,000.

Note 7 - Accounts Receivable

Note 7 - Accounts Receivable	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	( 7 ) Accounts Receivable Accounts receivable consists of the following (in thousands): December 31, 2017 2016 Commercial $ 9,464 $ 9,228 U.S. Government 0 10 9,464 9,238 Allowance for doubtful accounts (147 ) (1,228 ) Net $ 9,317 $ 8,010

Note 8 - Inventory

Note 8 - Inventory	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Inventory Disclosure [Text Block]	( 8 ) Inventory Inventory consists of the following (in thousands): December 31, 2017 2016 Raw materials $ 10,011 $ 8,187 Work in process 7,150 6,211 Finished goods 1,645 2,020 Reserve for excess and obsolete inventory (1,165 ) (1,860 ) Total $ 17,641 $ 14,558

Note 9 - Other Current Assets

Note 9 - Other Current Assets	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Other Current Assets [Text Block]	( 9 ) Other Current Assets Other current assets consist of the following (in thousands): December 31, 2017 2016 Prepaid expenses $ 571 $ 1,973 Other 1,432 757 Total $ 2,003 $ 2,730 Included in other current assets are income and VAT taxes refundable, tools, spare parts and other items, none 5%

Note 10 - Property, Plant and E

Note 10 - Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	( 10 ) Property, Plant and Equipment Property, plant and equipment consists of the following (in thousands): December 31, 2017 2016 Land and land improvements $ 219 $ 219 Buildings and building improvements 11,140 10,056 Machinery, equipment, furniture and fixtures 49,726 76,495 Construction in progress 998 646 62,083 87,416 Accumulated depreciation (46,509 ) (69,473 ) $ 15,574 $ 17,943 Depreciation expense, including amortization of assets recorded under capital leases, totaled approximately $3,884,000 $5,199,000 December 31, 2017 2016, not December 31, 2017 2016, Included within p roperty, plant and equipment were assets under capital leases as follows (in thousands): December 31, 2017 2016 Buildings and building improvements $ 2,987 $ 2,853 Machinery, equipment, furniture and fixtures 1,277 0 4,264 2,853 Accumulated depreciation (548 ) (238 ) $ 3,716 $ 2,615

Note 11 - Other Assets

Note 11 - Other Assets	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Other Assets Disclosure [Text Block]	( 11 ) Other Assets Other assets consist of the following (in thousands): December 31, 2017 2016 Long term spare parts $ 871 $ 830 Long term deposits 578 964 Other 129 0 Total $ 1,578 $ 1,794

Note 12 - Accrued Liabilities

Note 12 - Accrued Liabilities	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Accrued Liabilities [Text Block]	( 12 ) Accrued Liabilities Accrued liabilities consist of the following (in thousands): December 31, 2017 2016 Salaries, wages, employment taxes and withholdings $ 1,720 $ 2,332 Employee benefit plans 703 1,020 Accrued professional fees 3,596 3,493 Income, property and other taxes 387 360 Deferred revenue 1,273 435 Deferred gain from sale-leaseback 499 477 Exit and disposal activity accruals 145 427 Other 2,007 2,277 Total $ 10,330 $ 10,821 Included in other accrued liabilities are accrued operating expenses, accrued warranty expenses, accrued interest, and other items, none 5%

Note 13 - Other Liabilities

Note 13 - Other Liabilities	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Other Liabilities Disclosure [Text Block]	( 13 ) Other Liabilities Other liabilities consist of the following (in thousands): December 31, 2017 2016 Noncurrent pension liability $ 4,781 $ 5,474 Deferred gain from sale leaseback 3,576 3,892 Other 412 126 Total $ 8,769 $ 9,492 Included in other liabilities are accrued long-term warranty expenses and other items, none 5%

Note 14 - Debt

Note 14 - Debt	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Long-term Debt [Text Block]	( 14 ) Debt Long-term obligations consists of the following (in thousands): December 31, 2017 2016 Current: Current portion of capital lease obligations $ 829 $ 208 Long Term: Note payable – related party $ 6,500 $ 6,500 Capital lease obligations 3,397 2,950 Less unamortized debt issuance and modification costs (65 ) (125 ) Long term debt and capital lease obligations, net of unamortized debt costs $ 9,832 $ 9,325 The weighted average interest rate for outstanding borrowings at December 31, 2017 2016 8.0% December 31, 2017 2016 8.0% 10.4%, no 2017 2016. December 31, 2017 2016 $526,000 $3,579,000, Note Payable – Related Party The Company has received the benefit of cash infusions from GFCM in the form of secured promissory note obligations totaling $6,500,000 December 31, 2017 2016. one 8.0% March 31, 2019 8.0% 500 five 90 During the fourth 2017, $2,500,000 April 1, 2021, $2,000,000 April 1, 2023 April 1, 2025, April 1, 2019 April 1 8.0% 500 five 90 18 60% April 2021 2023, first Capital Lease Obligation s On March 9, 2016, the Company completed the sale of its 24 215,000,000 $12,182,000 ten 9 5 $2,949,000 December 3, 2017. In January 2018, 36 $1,277,000 2017. The future minimum payments for capital lease s as of December 31, 2017 2018 $ 1,214 2019 927 2020 881 2021 580 2022 548 Thereafter 1,691 Total future payments 5,841 Less: Amount representing interest (1,615 ) Present value of future minimum payments 4,226 Less: Current portion (829 ) Long term portion $ 3,397

Note 15 - Fair Value of Financi

Note 15 - Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Fair Value, Measurement Inputs, Disclosure [Text Block]	( 15 ) Fair Value of Financial Instruments Cash, accounts receivable, accounts payable and accrued liabilities are reflected in the consolidated financial statements at their carrying amount which approximates fair value because of the short-term maturity of those instruments. The carrying amount of debt outstanding at December 31, 2017 2

Note 16 - Employee Benefit Plan

Note 16 - Employee Benefit Plans	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	( 16 ) Employee Benefit Plans Sypris Technologies sponsors noncontributory defined benefit pension plans (the “Pension Plans”) covering certain of its employees. The Pension Plans covering salaried and management employees provide pension benefits that are based on the employees’ highest five ten The following table details the components of pension (income) expense (in thousands): Year ended December 31, 2017 2016 Service cost $ 6 $ 6 Interest cost on projected benefit obligation 1,518 1,675 Net amortization of actuarial loss 693 664 Expected return on plan assets (1,813 ) (1,971 ) Net periodic benefit cost $ 404 $ 374 The following are summaries of the changes in the benefit obligations and plan assets and of the funded status of the Pension Plans (in thousands): December 31, 2017 2016 Change in benefit obligation: Benefit obligation at beginning of year $ 39,312 $ 40,958 Service cost 6 6 Interest cost 1,518 1,675 Actuarial loss (gain) 1,278 (325 ) Benefits paid (2,935 ) (3,002 ) Benefit obligation at end of year $ 39,179 $ 39,312 December 31, 2017 2016 Change in plan assets: Fair value of plan assets at beginning of year $ 33,838 $ 35,126 Actual return on plan assets 3,495 1,714 Company contributions 0 0 Benefits paid (2,935 ) (3,002 ) Fair value of plan assets at end of year $ 34,398 $ 33,838 Underfunded status of the plans $ (4,781 ) $ (5,474 ) Balance sheet assets (liabilities): Other liabilities $ (4,781 ) $ (5,474 ) Net amount recognized $ (4,781 ) $ (5,474 ) Pension plans with accumulated benefit obligation in excess of plan assets: Projected benefit obligation $ 26,327 $ 39,312 Accumulated benefit obligation 26,327 39,309 Fair value of plan assets 21,539 33,838 Projected benefit obligation and net periodic pension cost assumptions: Discount rate – projected benefit obligation 3.55 % 4.05 % Discount rate – net periodic pension cost 4.05 4.35 Rate of compensation increase 4.00 4.00 Expected long-term rate of return on plan assets 5.15 – 6.30 5.40 – 6.75 Weighted average asset allocation: Equity securities 27 % 25 % Debt securities 71 73 Other 2 2 Total 100 % 100 % The fair values of our pension plan assets as of December 31, 2017 Significant Quoted Prices Other In Active Observable Markets Inputs (Level 1) (Level 2) Asset categories: Cash and cash equivalents $ 1,090 $ 0 Equity securities: U.S. Large Cap 5,845 0 U.S. Mid Cap 1,343 0 U.S. Small Cap 795 0 World Equity 1,484 0 Real Estate 473 0 Other 147 0 Fixed income securities 6,462 16,759 Total Plan Assets $ 17,639 $ 16,759 The fair values of our pension plan assets as of December 31, 2016 Significant Quoted Prices Other In Active Observable Markets Inputs (Level 1) (Level 2) Asset categories: Cash and cash equivalents $ 1,253 $ 0 Equity securities: U.S. Large Cap 6,105 0 U.S. Mid Cap 891 0 U.S. Small Cap 443 0 World Equity 1,095 0 Real Estate 314 0 Other 223 0 Fixed income securities 8,525 14,989 Total Plan Assets $ 18,849 $ 14,989 Investments in our defined benefit plans are stated at fair value. The following valuation methods were used to value our pension assets: Equity securities The fair value of equity securities is determined by either direct or indirect quoted market prices. When the value of assets held in separate accounts is not Fixed income securities The fair value of fixed income securities is determined by either direct or indirect quoted market prices. When the value of assets held in separate accounts is not Cash and cash equivalents The fair value of cash and cash equivalents is set equal to its cost. The methods described above may may not the Company believes the valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date. The Company uses December 31 2018 $73,000, 2017 2016 0 55%, 35 100% 0 10% A ccumulated other comprehensive loss at December 31, 2017 $14,577,000 not December 31, 2018 $671,000. 2017 2016 $693,000 $664,000, At December 31, 2017, five five 2018 2,998 2019 2,942 2020 2,873 2021 2,829 2022 2,768 2023 - 2027 12,719 Total $ 27,129 The Company sponsors a defined contribution plan (the “Defined Contribution Plan”) for substantially all domestic employees of the Company. The Defined Contribution Plan is intended to meet the requirements of Section 401 3% 2017 2016 $530,000 $668,000, In addition, certain of the Company’s non-U.S. employees are covered by various defined benefit and defined contribution plans. The Company’s expenses for these plans totaled approximately $20,000 $11,000 2017 2016, not

Note 17 - Commitments and Conti

Note 17 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	( 17 ) Commitments and Contingencies The Company leases certain of its real property and certain equipment under operating leases with terms ranging from month-to-month to ten one December 31, 2017 2018 $ 1,465 2019 1,385 2020 1,317 2021 1,362 2022 1,378 2023 and thereafter 5,074 Total $ 11,981 Rent expense for the years ended December 31, 2017 2016 $1,427,000 $2,392,000, As of December 31, 2017, $3,296,000 The Company bears insurance risk as a member of a group captive insurance entity for certain general liability, automobile and workers’ compensation insurance programs, a self-insured worker’s compensation program and a self-insured employee health program. The Company records estimated liabilities for its insurance programs based on information provided by the third not may The Company is involved in certain litigation and contract issues arising in the normal course of business. While the outcome of these matters cannot, at this time, be predicted in light of the uncertainties inherent therein, management does not The Company accounts for loss contingencies in accordance with U.S. generally accepted accounting principles (GAAP). Estimated loss contingencies are accrued only if the loss is probable and the amount of the loss can be reasonably estimated. With respect to a particular loss contingency, it may no On May 3, 2016, December 31, 2016. 1, $500,000 December 31, 2016, December 31, 2017, $52,000 April 7, 2017, $448,000 The Company has various current and previously-owned facilities subject to a variety of environmental regulations. The Company has received certain indemnifications from either companies previously owning these facilities or from purchasers of those facilities. A s of December 31, 2017 2016, no 3 10 On December 27, 2017, 401 not During the year ended December 31, 2017, one no $1,034,000 December 31, 2017. December 21, 2017 No no not

Note 18 - Stock Option and Purc

Note 18 - Stock Option and Purchase Plans	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	( 18 ) Stock Option and Purchase Plans The Company ’s stock compensation program provides for the grant of restricted stock (including performance-based restricted stock), unrestricted stock, stock options and stock appreciation rights. A total of 3,655,088 2010 May 19, 2015, 2010 2015 3,476,021 2015 2010 2015 December 31, 2017 2016 1,314,021 1,712,021, The 2010 and 2015 three not Under the plans, t he Company may may not 2010 2015 five three Compensation expense is measured based on the fair value at the date of grant and is recognized on a straight-line basis over the vesting period. Fair value for restricted shares is equal to the stock price on the date of grant, while the fair value of each stock option grant is estimated on the date of grant using the Black-Scholes option-pricing method. The Company uses historical Company and industry data to estimate the expected price volatility, the expected option life and the expected dividend yield. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant for the estimated life of the option. The following weighted average assumptions were used to estimate the fair value of options granted using the Black-Scholes option-pricing model: Year ended December 31, 2017 2016 Expected life (years) 4.0 4.0 Expected volatility 51.2 % 52.0 % Risk-free interest rates 1.91 % 1.42 % Expected dividend yield 0.0 % 0.0 % A summary of the restricted stock activity is as follows: Weighted Average Number of Grant Date Shares Fair Value Nonvested shares at January 1, 2017 1,165,000 $ 1.49 Granted 199,000 1.06 Vested (296,000 ) 2.26 Forfeited (39,000 ) 1.15 Nonvested shares at December 31, 2017 1,029,000 $ 1.20 The total fair value of shares vested during 2017 2016 $408,000 $536,000, The following table summarizes option activity for the year ended December 31, 2017: Weighted- Weighted- average average Aggregate Number of Exercise Price Remaining Intrinsic Shares Per Share Term Value Outstanding at January 1, 2017 1,908,250 $ 2.07 Granted 272,500 1.08 Exercised 0 0 Forfeited (45,000 ) 1.16 Expired (314,750 ) 3.49 Outstanding at December 31, 2017 1,821,000 $ 1.70 2.28 $ 444,000 Exercisable at December 31, 2017 523,200 $ 2.99 0.99 $ 34,000 The weighted average grant date fair value based on the Black-Scholes option pricing model for options granted in the year s ended December 31, 2017 2016 $0.45 $0.38 no 2017 2016. As of December 31, 2017, $746,000 1.1 December 31, 2017 2016 not

Note 19 - Stockholders' Equity

Note 19 - Stockholders' Equity	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	( 19 ) Stockholders’ Equity As of December 31, 2017 2016, 24,850 October 2011. no no not The holders of our common stock were not The Company ’s accumulated other comprehensive loss consists of employee benefit related adjustments and foreign currency translation adjustments. Accumulated other comprehensive loss consisted of the following (in thousands): December 31, 2017 2016 Foreign currency translation adjustments, net of tax $ (10,915 ) $ (11,334 ) Employee benefit related adjustments – U.S, net of tax. (14,748 ) (15,445 ) Employee benefit related adjustments – Mexico, net of tax 112 181 Accumulated other comprehensive loss $ (25,551 ) $ (26,598 ) Changes in each component of a ccumulated other comprehensive loss consisted of the following: Accumulated Foreign Defined Other Currency Benefit Comprehensive Translation Plans Loss Balance at January 1, 2016 $ (9,554 ) $ (16,206 ) $ (25,760 ) Currency translation adjustments (1,780 ) 0 (1,780 ) Net actuarial gain for the year 0 164 164 Amortization for the year 0 778 778 Balance at December 31, 2016 (11,334 ) (15,264 ) (26,598 ) Currency translation adjustments 419 0 419 Net actuarial gain for the year 0 205 205 Amortization for the year 0 423 423 Balance at December 31, 2017 $ (10,915 ) $ (14,636 ) $ (25,551 )

Note 20 - Income Taxes

Note 20 - Income Taxes	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	( 20 ) Income Taxes The Company accounts for income taxes under the liability method. Accordingly, deferred income taxes have been provided for temporary differences between the recognition of revenue and expenses for financial and income tax reporting purposes and between the tax basis of assets and liabilities and their reported amounts in the consolidated financial statements. On December 22, 2017, 2017 35% 21%, 30% one The components of income (loss) before taxes are as follows (in thousands): Year ended December 31, 2017 2016 Domestic $ (7,328 ) $ 5,375 Foreign (4,112 ) 969 Total $ (11,440 ) $ 6,344 The components of income tax (benefit) expense are as follows (in thousands): Year ended December 31, 2017 2016 Current: Federal $ (184 ) $ 0 State 39 222 Foreign 194 79 Total current income tax expense 49 301 Deferred: Federal (600 ) 0 State (67 ) 0 Foreign 0 0 Total deferred income tax (benefit) expense (667 ) 0 Income tax (benefit) expense, net $ (618 ) $ 301 Income tax (benefit) expense for each year is allocated to continuing operations, discontinued operations, extraordinary items, other comprehensive income, the cumulative effects of accounting changes, and other charges or credits recorded directly to shareholders’ equity. ASC 740 20 45 Income Taxes, Intraperiod Tax Allocation, Other Presentation Matters not As the Company experienced a net loss from operations in the U.S. for the year ended December 31, 2017 2017 38.9% December 31, 2017 $667,000 December 31, 2017 $667,000. The Company files a consolidated federal income tax return which includes all domestic subsidiaries. State income taxes paid in the U.S. during 2017 2016 $110,000 $41,000, 2017 $63,000. no 2016. 2017 2016 $486,000 $141,000, no 2017 2016. no 2017 2016, no 2017 2016. December 31, 2017, $134,962,000 2025 2036. At December 31, 2017, $95,294,000 2019 2037. The following is a reconciliation of income tax (benefit) expense to that computed by applying the federal statutory rate to income (loss) before income taxes (in thousands): Year ended December 31, 2017 2016 Federal tax expense at the statutory rate $ (4,004 ) $ 2,220 Current year permanent differences 239 598 State income taxes, net of federal tax impact (262 ) 528 Federal tax reform – deferred rate change 19,395 0 State deferred rate change 239 0 Foreign repatriation, net of foreign tax credits (544 ) 165 Effect of tax rates of foreign subsidiaries 203 (51 ) Currency translation effect on temporary differences (372 ) 626 Change in valuation allowance (15,230 ) (6,256 ) State NOL carryforwards, stock compensation and other items (282 ) 2,471 Income tax (benefit) expense, net $ (618 ) $ 301 ASC 740, Income Taxes , not not two 740 In addition, we remeasured certain net deferred tax assets and liabilities based on the tax rates at which they are expected to reverse in the future. The estimated total impact upon enactment of the Tax Act is $19,395,000, fourth 2017, 12 one The T ax Act also provides that undistributed and previously untaxed post- 1986 2017 not December 31, 2017, not December 31, 2017, The gross deferred tax asset for the Company ’s Mexican subsidiaries was $4,942,000 $3,269,000 December 31, 2017 2016, Deferred income tax assets and liabilities are as follows (in thousands): December 31, 2017 2016 Deferred tax assets: Compensation and benefit accruals $ 585 $ 1,517 Inventory valuation 739 1,481 Federal and state net operating loss carryforwards 32,646 49,298 Deferred revenue 296 63 Accounts receivable allowance 34 153 Defined benefit pension plan 802 1,627 Foreign deferred revenue and other provisions 4,942 3,269 AMT credits 0 185 Other 917 777 Total 40,961 58,370 Domestic valuation allowance (35,387 ) (52,900 ) Foreign valuation allowance (4,942 ) (3,269 ) Total deferred tax assets 632 2,201 Deferred tax liabilities: Foreign subsidiaries – unrepatriated earnings 0 (543 ) Depreciation (632 ) (1,658 ) Total deferred tax liabilities (632 ) (2,201 ) Net deferred tax asset $ 0 $ 0 The ASC Income Tax topic includes guidance for the accounting for uncertainty in income taxes recognized in an enterprise’s financials. Specifically, the guidance prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The total amount of gross unrecognized tax benefits as of December 31, 2017 2016 $200,000 no December 31, 2017 2016. If the Company ’s positions are sustained by the taxing authority, the entire balance at December 31, 2017 not 12 December 31, 2017 2016, not The Company files income tax returns in the U.S. federal jurisdiction, and various state and foreign jurisdictions. The Internal Revenue Service (IRS) is not ’s U.S. income tax returns for 2013 2016,

Note 21 - (Loss) Income Per Com

Note 21 - (Loss) Income Per Common Share	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Earnings Per Share [Text Block]	( 21 ) (Loss) Incom e Per Common Share The Company computes earnings per share using the two Our potentially dilutive securities include potential common shares related to our stock options and restricted stock. Diluted earnings per share considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential common shares would have an anti-dilutive effect. Diluted earnings per share excludes the impact of common shares related to our stock options in periods in which the option exercise price is greater than the average market price of our common stock for the period. All potential common shares were excluded from diluted earnings per share for the year ended December 31, 2017, 992,000 December 31, 2016 A reconciliation of the weighted average shares outstanding used in the calculation of basic and diluted loss per common share is as follows (in thousands): Year ended December 31, 2017 2016 (Loss) income attributable to stockholders: Net (loss) income as reported $ (10,822 ) $ 6,043 Less distributed and undistributed earnings allocable to restricted award holders 0 (184 ) Net (loss) income allocable to common stockholders $ (10,822 ) $ 5,859 (Loss) income per common share attributable to stockholders: Basic $ (0.53 ) $ 0.30 Diluted $ (0.53 ) $ 0.30 Weighted average shares outstanding – basic 20,326 19,861 Weighted average additional shares assuming conversion of potential common shares 0 0 Weighted average shares outstanding – diluted 20,326 19,861

Note 22 - Segment Information

Note 22 - Segment Information	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	( 22 ) Segment Information The Company is organized into two segments, Sypris Technologies and Sypris Electronics. The segments are each managed separately because of the distinctions between the products, markets, customers, technologies, and workforce skills of the segments. Sypris Technologies generates revenue primarily from the sale of forged, machined, welded and heat-treated steel components primarily for the heavy commercial vehicle and high-pressure energy pipeline applications. Sypris Electronics provides circuit card and box build manufacturing, high reliability manufacturing, systems assembly and integration, design for manufacturability and design to specification work to customers in the market for aerospace and defense electronics. Additionally, prior to August 16, 2016, 4 no The following table presents financial information for the reportable segments of the Company (in thousands): Year ended December 31, 2017 2016 Net revenue from unaffiliated customers: Sypris Technologies $ 54,891 $ 63,324 Sypris Electronics 27,403 28,473 $ 82,294 $ 91,797 Gross profit (loss): Sypris Technologies $ 395 $ (254 ) Sypris Electronics 2,587 1,003 $ 2,982 $ 749 Operating (loss) income: Sypris Technologies $ (7,459 ) $ (8,230 ) Sypris Electronics 147 (7,127 ) General, corporate and other (5,232 ) (7,401 ) $ (12,544 ) $ (22,758 ) Year ended December 31, 2017 2016 Other income, net: Sypris Technologies $ (1,906 ) $ (4,320 ) Sypris Electronics (2 ) (31,185 ) General, corporate and other (5 ) 0 $ (1,913 ) $ (35,505 ) (Loss) income before income taxes: Sypris Technologies $ (5,844 ) $ (4,178 ) Sypris Electronics 150 24,058 General, corporate and other (5,746 ) (13,536 ) $ (11,440 ) $ 6,344 Income tax (benefit) expense, net: Sypris Technologies $ 194 $ 79 Sypris Electronics 0 0 General, corporate and other (812 ) 222 $ (618 ) $ 301 Depreciation and amortization: Sypris Technologies $ 3,399 $ 4,388 Sypris Electronics 372 1,772 General, corporate and other 113 128 $ 3,884 $ 6,288 Capital expenditures: Sypris Technologies $ 1,003 $ 252 Sypris Electronics 366 1,472 General, corporate and other 268 39 $ 1,637 $ 1,763 December 31, 2017 2016 Total assets: Sypris Technologies $ 31,725 $ 32,110 Sypris Electronics 17,440 12,881 General, corporate and other 7,990 17,646 $ 57,155 $ 62,637 Total liabilities: Sypris Technologies $ 23,854 $ 24,466 Sypris Electronics 8,352 3,542 General, corporate and other 8,019 8,531 $ 40,225 $ 36,539 The Company ’s export sales from the U.S. totaled $12,068,000 $21,010,000 2017 2016, $22,874,000 $11,706,000 2017 2016, $6,659,000 $6,787,000 December 31, 2017 2016, $5,327,000 $9,016,000 December 31, 2017 2016

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Consolidation Policy The accompanying consolidated financial statements include the accounts of Sypris Solutions, Inc. and its wholly-owned subsidiaries (collectively, “Sypris” or the “Company”) and have been prepared by the Company in accordance with the rules and regulations of the Securities and Exchange Commission. The Company’s operations are domiciled in the United States (U.S.) and Mexico and serve a wide variety of domestic and international customers. All intercompany accounts and transactions have been eliminated.
Nature of Business [Policy Text Block]	Nature of Business Sypris is a diversified provider of truck components, oil and gas pipeline components and aerospace and defense electronics. The Company produces a wide range of manufactured products, often under multi-year, sole-source contracts with corporations and government agencies. The Company offers such products through its two August 16, 2016, 4 22
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of the consolidated financial statements and accompanying notes in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported. Changes in facts and circumstances could have a significant impact on the resulting estimated amounts included in our consolidated financial statements. Actual results could differ from these estimates.
Fair Value Measurement, Policy [Policy Text Block]	Fair Value Estimates The Company estimates fair value of its financial instruments utilizing an established 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 Inventory is stated at the lower of cost or estimated net realizable value. Costs for raw materials, work in process and finished goods is determined under the first first manufacturing process but not 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 Property, plant and equipment is stated at cost. Depreciation of property, plant and equipment is generally computed using the straight-line method over their estimated economic lives. For land improvements, buildings and building improvements, the estimated economic life is generally 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 not 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 were expensed as incurred until technological feasibility has been established, at which time those costs were capitalized as intangible assets until the software was implemented into products sold to customers. Capitalized software development costs were amortized on a straight-line basis over the estimated useful life of the software, which was eighteen 2016 4 December 31, 2016, $1,089,000.
Revenue Recognition, Deferred Revenue [Policy Text Block]	Deferred Revenue Deferred revenue is recorded when payments are received prior to the shipment of products. 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) and the estimated volatility of our common stock price over the expected term. Changes in the subjective assumptions can materially affect the fair value estimate of stock-based compensation and consequently, the related expense is 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 December 22, 2017, 21% 2018 20 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 50% not not no 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
Cost of Sales, Policy [Policy Text Block]	Net Revenue and Cost of Sales The Company recognizes manufacturing revenue when goods have been shipped to our customer, title has passed, the price to the buyer is fixed or determinable and recoverability is reasonably assured. Generally, there are no The Company also provides engineering design services and repair or inspection services, which are separate from the manufacturing of a product. Revenue for services is generally recognized when the services are rendered. Additionally, in 2016 August 16, 2016 ( 4 Net revenue from services, including those provided through the Company ’s CSS business prior to its sale in August 2016, 10% The Company previously separately reported revenue as either products revenue for company designed products or as outsourced services revenue, primarily when the design specifications for the manufactured products were provided by our customers. Net revenue and cost of sales in the 2016 2017 There is no
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 The provision for estimated warranty costs is recorded at the time of sale and is periodically adjusted to reflect actual experience. The Company’s warranty liability, which is included in accrued liabilities in the accompanying balance sheets, as of December 31, 2017 2016, $666,000 $856,000, December 31, 2017 2016 not
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentrations of Credit Risk Financial instruments which potentially expose the Company to concentrations of credit risk consist of accounts receivable. The Company’s customer base consists of a number of customers in diverse industries across geographic areas, primarily in North America and Mexico, and aerospace and defense companies under contract with the U.S. Government. The Company performs periodic credit evaluations of its customers’ financial condition and does not 30% December 31, 2017 two 15% 15%, December 31, 2017 41% December 31, 2016 three 15%, 14% 12%, December 31, 2016 The Company’s largest customers for the year ended December 31, 2017 14%, 13% 13%, December 31, 2016, 19%, 12% 10%, 3% December 31, 2016. No 10% December 31, 2017 2016.
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 349, 57% December 31, 2017. no 12 51% 308 December 31, 2017.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Standards In 2014, Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014 09 606 2015 14 606 2016 08 606 2016 10 606 2016 12 606 2016 20 606 606 The Revenue Recognition ASUs outline a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersede most current revenue recognition guidance, including industry-specific guidance. The guidance is based on the principle that an entity should recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to fulfill a contract. This guidance is effective for the Company beginning on January 1, 2018 not We have evaluated each of the five 1 ) Identify the contract with the customer; 2 3 4 5 1 2 3 4 not With regard to recognizing revenue when (or as) a performance obligation is satisfied (step 5 we have reviewed the language in our contracts with each customer to determine whether the customer obtains control of the goods at a point in time or over time. Under current revenue recognition guidance, we recognize revenue when products are shipped to our customers and title transfers under standard commercial terms or when realizable in accordance with our commercial agreements. Topic 606 not no In February 2016, No. 2016 02, 842 ccounting Standards Codification (“ASC”) 840, December 15, 2018, In March 2016, No. 2016 09, 2016 09 2016 09 January 1, 2017, were not December 31, 2017, s common stock, employee exercise behavior and corporate income tax rates, the excess tax benefits associated with the exercise of stock options and vesting of restricted and performance shares could generate a significant discrete income tax benefit in a particular interim period potentially creating volatility in net income and earnings per share period-to-period and period-over-period. Our plans do not In August 2016, No. 2016 15, 2016 15 December 15, 2017, not In October 2016, U.S. GAAP prohibits the recognition in earnings of current and deferred income taxes for an intra-entity transfer until the asset is sold to an outside party or recovered through use. This amendment simplifies the accounting by requiring entities to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The new guidance, which could impact effective tax rates, becomes effective January 1, 2018 not not In November 2016, January 1, 2018 In March 2017, SU No. 2017 07, 2017 07 not The Company will adopt the new guidance effective January 1, 2018. In May 2017, No. 2017 09, 718, 718. December 15, 2017, not 2017 09 In February 2018, No. 2018 02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (ASU 2018 02 2018 02 2017. December 15, 2018, 2018 02.

Note 3 - Exit and Disposal Ac32

Note 3 - Exit and Disposal Activities (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Restructuring and Related Costs [Table Text Block]	Recognized Remaining Total as of Costs to be Program December 31, 2017 Recognized Severance and benefit-related costs $ 1,363 $ 1,363 $ 0 Asset impairments 188 188 0 Equipment relocation costs 1,536 1,424 112 Other 530 30 500 $ 3,617 $ 3,005 $ 612
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]	Accrued Cash Accrued Balance at Payments Balance at Dec. 31, 2017 or Asset Dec. 31, 2016 Charge Write-Offs 2017 Severance and benefit related costs $ 427 $ 936 $ (1,218 ) $ 145 Equipment relocation costs 0 1,424 (1,424 ) 0 $ 427 $ 2,360 $ (2,642 ) $ 145
Disposal Groups, Including Discontinued Operations [Table Text Block]	December 31, 2017 2016 Property, plant and equipment $ 28,874 $ 6,673 Accumulated depreciation (25,976 ) (5,841 ) Property, plant and equipment, net $ 2,898 $ 832

Note 7 - Accounts Receivable (T

Note 7 - Accounts Receivable (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	December 31, 2017 2016 Commercial $ 9,464 $ 9,228 U.S. Government 0 10 9,464 9,238 Allowance for doubtful accounts (147 ) (1,228 ) Net $ 9,317 $ 8,010

Note 8 - Inventory (Tables)

Note 8 - Inventory (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Inventory, Current [Table Text Block]	December 31, 2017 2016 Raw materials $ 10,011 $ 8,187 Work in process 7,150 6,211 Finished goods 1,645 2,020 Reserve for excess and obsolete inventory (1,165 ) (1,860 ) Total $ 17,641 $ 14,558

Note 9 - Other Current Assets (

Note 9 - Other Current Assets (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Other Current Assets [Table Text Block]	December 31, 2017 2016 Prepaid expenses $ 571 $ 1,973 Other 1,432 757 Total $ 2,003 $ 2,730

Note 10 - Property, Plant and36

Note 10 - Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Property, Plant and Equipment [Table Text Block]	December 31, 2017 2016 Land and land improvements $ 219 $ 219 Buildings and building improvements 11,140 10,056 Machinery, equipment, furniture and fixtures 49,726 76,495 Construction in progress 998 646 62,083 87,416 Accumulated depreciation (46,509 ) (69,473 ) $ 15,574 $ 17,943 December 31, 2017 2016 Buildings and building improvements $ 2,987 $ 2,853 Machinery, equipment, furniture and fixtures 1,277 0 4,264 2,853 Accumulated depreciation (548 ) (238 ) $ 3,716 $ 2,615

Note 11 - Other Assets (Tables)

Note 11 - Other Assets (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Other Assets [Table Text Block]	December 31, 2017 2016 Long term spare parts $ 871 $ 830 Long term deposits 578 964 Other 129 0 Total $ 1,578 $ 1,794

Note 12 - Accrued Liabilities (

Note 12 - Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	December 31, 2017 2016 Salaries, wages, employment taxes and withholdings $ 1,720 $ 2,332 Employee benefit plans 703 1,020 Accrued professional fees 3,596 3,493 Income, property and other taxes 387 360 Deferred revenue 1,273 435 Deferred gain from sale-leaseback 499 477 Exit and disposal activity accruals 145 427 Other 2,007 2,277 Total $ 10,330 $ 10,821

Note 13 - Other Liabilities (Ta

Note 13 - Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Other Liabilities [Table Text Block]	December 31, 2017 2016 Noncurrent pension liability $ 4,781 $ 5,474 Deferred gain from sale leaseback 3,576 3,892 Other 412 126 Total $ 8,769 $ 9,492

Note 14 - Debt (Tables)

Note 14 - Debt (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	December 31, 2017 2016 Current: Current portion of capital lease obligations $ 829 $ 208 Long Term: Note payable – related party $ 6,500 $ 6,500 Capital lease obligations 3,397 2,950 Less unamortized debt issuance and modification costs (65 ) (125 ) Long term debt and capital lease obligations, net of unamortized debt costs $ 9,832 $ 9,325
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]	2018 $ 1,214 2019 927 2020 881 2021 580 2022 548 Thereafter 1,691 Total future payments 5,841 Less: Amount representing interest (1,615 ) Present value of future minimum payments 4,226 Less: Current portion (829 ) Long term portion $ 3,397

Note 16 - Employee Benefit Pl41

Note 16 - Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Net Benefit Costs [Table Text Block]	Year ended December 31, 2017 2016 Service cost $ 6 $ 6 Interest cost on projected benefit obligation 1,518 1,675 Net amortization of actuarial loss 693 664 Expected return on plan assets (1,813 ) (1,971 ) Net periodic benefit cost $ 404 $ 374
Schedule of Changes in Projected Benefit Obligations [Table Text Block]	December 31, 2017 2016 Change in benefit obligation: Benefit obligation at beginning of year $ 39,312 $ 40,958 Service cost 6 6 Interest cost 1,518 1,675 Actuarial loss (gain) 1,278 (325 ) Benefits paid (2,935 ) (3,002 ) Benefit obligation at end of year $ 39,179 $ 39,312 December 31, 2017 2016 Change in plan assets: Fair value of plan assets at beginning of year $ 33,838 $ 35,126 Actual return on plan assets 3,495 1,714 Company contributions 0 0 Benefits paid (2,935 ) (3,002 ) Fair value of plan assets at end of year $ 34,398 $ 33,838 Underfunded status of the plans $ (4,781 ) $ (5,474 ) Balance sheet assets (liabilities): Other liabilities $ (4,781 ) $ (5,474 ) Net amount recognized $ (4,781 ) $ (5,474 ) Pension plans with accumulated benefit obligation in excess of plan assets: Projected benefit obligation $ 26,327 $ 39,312 Accumulated benefit obligation 26,327 39,309 Fair value of plan assets 21,539 33,838 Projected benefit obligation and net periodic pension cost assumptions: Discount rate – projected benefit obligation 3.55 % 4.05 % Discount rate – net periodic pension cost 4.05 4.35 Rate of compensation increase 4.00 4.00 Expected long-term rate of return on plan assets 5.15 – 6.30 5.40 – 6.75 Weighted average asset allocation: Equity securities 27 % 25 % Debt securities 71 73 Other 2 2 Total 100 % 100 %
Schedule of Allocation of Plan Assets [Table Text Block]	Significant Quoted Prices Other In Active Observable Markets Inputs (Level 1) (Level 2) Asset categories: Cash and cash equivalents $ 1,090 $ 0 Equity securities: U.S. Large Cap 5,845 0 U.S. Mid Cap 1,343 0 U.S. Small Cap 795 0 World Equity 1,484 0 Real Estate 473 0 Other 147 0 Fixed income securities 6,462 16,759 Total Plan Assets $ 17,639 $ 16,759 Significant Quoted Prices Other In Active Observable Markets Inputs (Level 1) (Level 2) Asset categories: Cash and cash equivalents $ 1,253 $ 0 Equity securities: U.S. Large Cap 6,105 0 U.S. Mid Cap 891 0 U.S. Small Cap 443 0 World Equity 1,095 0 Real Estate 314 0 Other 223 0 Fixed income securities 8,525 14,989 Total Plan Assets $ 18,849 $ 14,989
Schedule of Expected Benefit Payments [Table Text Block]	2018 2,998 2019 2,942 2020 2,873 2021 2,829 2022 2,768 2023 - 2027 12,719 Total $ 27,129

Note 17 - Commitments and Con42

Note 17 - Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Lessee, Operating Lease, Disclosure [Table Text Block]	2018 $ 1,465 2019 1,385 2020 1,317 2021 1,362 2022 1,378 2023 and thereafter 5,074 Total $ 11,981

Note 18 - Stock Option and Pu43

Note 18 - Stock Option and Purchase Plans (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]	Year ended December 31, 2017 2016 Expected life (years) 4.0 4.0 Expected volatility 51.2 % 52.0 % Risk-free interest rates 1.91 % 1.42 % Expected dividend yield 0.0 % 0.0 %
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]	Weighted Average Number of Grant Date Shares Fair Value Nonvested shares at January 1, 2017 1,165,000 $ 1.49 Granted 199,000 1.06 Vested (296,000 ) 2.26 Forfeited (39,000 ) 1.15 Nonvested shares at December 31, 2017 1,029,000 $ 1.20
Share-based Compensation, Stock Options, Activity [Table Text Block]	Weighted- Weighted- average average Aggregate Number of Exercise Price Remaining Intrinsic Shares Per Share Term Value Outstanding at January 1, 2017 1,908,250 $ 2.07 Granted 272,500 1.08 Exercised 0 0 Forfeited (45,000 ) 1.16 Expired (314,750 ) 3.49 Outstanding at December 31, 2017 1,821,000 $ 1.70 2.28 $ 444,000 Exercisable at December 31, 2017 523,200 $ 2.99 0.99 $ 34,000

Note 19 - Stockholders' Equity

Note 19 - Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Stockholders Equity [Table Text Block]	December 31, 2017 2016 Foreign currency translation adjustments, net of tax $ (10,915 ) $ (11,334 ) Employee benefit related adjustments – U.S, net of tax. (14,748 ) (15,445 ) Employee benefit related adjustments – Mexico, net of tax 112 181 Accumulated other comprehensive loss $ (25,551 ) $ (26,598 )
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Accumulated Foreign Defined Other Currency Benefit Comprehensive Translation Plans Loss Balance at January 1, 2016 $ (9,554 ) $ (16,206 ) $ (25,760 ) Currency translation adjustments (1,780 ) 0 (1,780 ) Net actuarial gain for the year 0 164 164 Amortization for the year 0 778 778 Balance at December 31, 2016 (11,334 ) (15,264 ) (26,598 ) Currency translation adjustments 419 0 419 Net actuarial gain for the year 0 205 205 Amortization for the year 0 423 423 Balance at December 31, 2017 $ (10,915 ) $ (14,636 ) $ (25,551 )

Note 20 - Income Taxes (Tables)

Note 20 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	Year ended December 31, 2017 2016 Domestic $ (7,328 ) $ 5,375 Foreign (4,112 ) 969 Total $ (11,440 ) $ 6,344
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Year ended December 31, 2017 2016 Current: Federal $ (184 ) $ 0 State 39 222 Foreign 194 79 Total current income tax expense 49 301 Deferred: Federal (600 ) 0 State (67 ) 0 Foreign 0 0 Total deferred income tax (benefit) expense (667 ) 0 Income tax (benefit) expense, net $ (618 ) $ 301
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Year ended December 31, 2017 2016 Federal tax expense at the statutory rate $ (4,004 ) $ 2,220 Current year permanent differences 239 598 State income taxes, net of federal tax impact (262 ) 528 Federal tax reform – deferred rate change 19,395 0 State deferred rate change 239 0 Foreign repatriation, net of foreign tax credits (544 ) 165 Effect of tax rates of foreign subsidiaries 203 (51 ) Currency translation effect on temporary differences (372 ) 626 Change in valuation allowance (15,230 ) (6,256 ) State NOL carryforwards, stock compensation and other items (282 ) 2,471 Income tax (benefit) expense, net $ (618 ) $ 301
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	December 31, 2017 2016 Deferred tax assets: Compensation and benefit accruals $ 585 $ 1,517 Inventory valuation 739 1,481 Federal and state net operating loss carryforwards 32,646 49,298 Deferred revenue 296 63 Accounts receivable allowance 34 153 Defined benefit pension plan 802 1,627 Foreign deferred revenue and other provisions 4,942 3,269 AMT credits 0 185 Other 917 777 Total 40,961 58,370 Domestic valuation allowance (35,387 ) (52,900 ) Foreign valuation allowance (4,942 ) (3,269 ) Total deferred tax assets 632 2,201 Deferred tax liabilities: Foreign subsidiaries – unrepatriated earnings 0 (543 ) Depreciation (632 ) (1,658 ) Total deferred tax liabilities (632 ) (2,201 ) Net deferred tax asset $ 0 $ 0

Note 21 - (Loss) Income Per C46

Note 21 - (Loss) Income Per Common Share (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Year ended December 31, 2017 2016 (Loss) income attributable to stockholders: Net (loss) income as reported $ (10,822 ) $ 6,043 Less distributed and undistributed earnings allocable to restricted award holders 0 (184 ) Net (loss) income allocable to common stockholders $ (10,822 ) $ 5,859 (Loss) income per common share attributable to stockholders: Basic $ (0.53 ) $ 0.30 Diluted $ (0.53 ) $ 0.30 Weighted average shares outstanding – basic 20,326 19,861 Weighted average additional shares assuming conversion of potential common shares 0 0 Weighted average shares outstanding – diluted 20,326 19,861

Note 22 - Segment Information (

Note 22 - Segment Information (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Year ended December 31, 2017 2016 Net revenue from unaffiliated customers: Sypris Technologies $ 54,891 $ 63,324 Sypris Electronics 27,403 28,473 $ 82,294 $ 91,797 Gross profit (loss): Sypris Technologies $ 395 $ (254 ) Sypris Electronics 2,587 1,003 $ 2,982 $ 749 Operating (loss) income: Sypris Technologies $ (7,459 ) $ (8,230 ) Sypris Electronics 147 (7,127 ) General, corporate and other (5,232 ) (7,401 ) $ (12,544 ) $ (22,758 ) Year ended December 31, 2017 2016 Other income, net: Sypris Technologies $ (1,906 ) $ (4,320 ) Sypris Electronics (2 ) (31,185 ) General, corporate and other (5 ) 0 $ (1,913 ) $ (35,505 ) (Loss) income before income taxes: Sypris Technologies $ (5,844 ) $ (4,178 ) Sypris Electronics 150 24,058 General, corporate and other (5,746 ) (13,536 ) $ (11,440 ) $ 6,344 Income tax (benefit) expense, net: Sypris Technologies $ 194 $ 79 Sypris Electronics 0 0 General, corporate and other (812 ) 222 $ (618 ) $ 301 Depreciation and amortization: Sypris Technologies $ 3,399 $ 4,388 Sypris Electronics 372 1,772 General, corporate and other 113 128 $ 3,884 $ 6,288 Capital expenditures: Sypris Technologies $ 1,003 $ 252 Sypris Electronics 366 1,472 General, corporate and other 268 39 $ 1,637 $ 1,763
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	December 31, 2017 2016 Total assets: Sypris Technologies $ 31,725 $ 32,110 Sypris Electronics 17,440 12,881 General, corporate and other 7,990 17,646 $ 57,155 $ 62,637 Total liabilities: Sypris Technologies $ 23,854 $ 24,466 Sypris Electronics 8,352 3,542 General, corporate and other 8,019 8,531 $ 40,225 $ 36,539

Note 1 - Organization and Sig48

Note 1 - Organization and Significant Accounting Policies (Details Textual)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Number of Operating Segments		2
Software Development Costs, Useful Life			1 year 180 days
Capitalized Computer Software, Amortization			$ 1,089,000
Standard and Extended Product Warranty Accrual		$ 666,000	$ 856,000
Multi Employer Plans Collective Bargaining Arrangement Number of Participants		349
Multiemployer Plans, Collective-Bargaining Arrangement, Percentage of Participants		57.00%
Collective Bargaining Agreements That Expire in Next 12 Months [Member]
Multi Employer Plans Collective Bargaining Arrangement Number of Participants		0
Employee Benefit Related Adjustments Mexico [Member]
Multi Employer Plans Collective Bargaining Arrangement Number of Participants		308
Multiemployer Plans, Collective-Bargaining Arrangement, Percentage of Participants		51.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member]
Concentration Risk, Percentage		30.00%	41.00%
Number of Major Customers		2	3
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer Sistemas [Member]
Concentration Risk, Percentage		15.00%	15.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Northrop Grumman [Member]
Concentration Risk, Percentage		15.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer Meritor [Member]
Concentration Risk, Percentage			14.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer Tyco [Member]
Concentration Risk, Percentage			12.00%
Sales Revenue, Net [Member] | Customer Concentration Risk [Member] | Customer Sistemas [Member]
Concentration Risk, Percentage		13.00%	12.00%
Sales Revenue, Net [Member] | Customer Concentration Risk [Member] | Customer Meritor [Member]
Concentration Risk, Percentage		14.00%	19.00%
Sales Revenue, Net [Member] | Customer Concentration Risk [Member] | Customer Detroit Diesel [Member]
Concentration Risk, Percentage		13.00%	10.00%
Sales Revenue, Net [Member] | Government Contracts Concentration Risk [Member]
Concentration Risk, Percentage			3.00%
Scenario, Forecast [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%
Land, Buildings and Improvements [Member]
Property, Plant and Equipment, Useful Life		40 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life		3 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life		15 years
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life		3 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life		15 years

Note 2 - Strategic Actions (Det

Note 2 - Strategic Actions (Details Textual)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)ft²	Aug. 31, 2016USD ($)
Leased Facility in Tampa, Florida [Member] | Sypris Electronics [Member]
Area of Real Estate Property		50,000
Previously Leased Facility in Tampa, Florida [Member] | Sypris Electronics [Member]
Area of Real Estate Property		300,000
Gill Family Capital Management [Member] | Promissory Note [Member]
Subordinated Debt | $	$ 6,500,000	$ 6,500,000	$ 6,500,000

Note 3 - Exit and Disposal Ac50

Note 3 - Exit and Disposal Activities (Details Textual) - Transition of Production from the Broadway Plant [Member] - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Nov. 22, 2016
Restructuring and Related Cost, Incurred Cost		$ 2,360,000	$ 645,000
Restructuring and Related Cost, Incurred Cost, Per Share		$ 0.12	$ 0.03
Impairment of Long-Lived Assets to be Disposed of	$ 188,000	$ 0
Restructuring and Related Cost, Cost Incurred to Date		3,005,000
Restructuring and Related Cost, Expected Cost Remaining		612,000
Restructuring and Related Cost, Expected Cost		3,617,000
Sypris Electronics [Member]
Restructuring and Related Cost, Expected Cost Remaining		612,000
Employee Severance [Member]
Restructuring and Related Cost, Incurred Cost		936,000	$ 427,000
Restructuring and Related Cost, Cost Incurred to Date		1,363,000
Restructuring and Related Cost, Expected Cost Remaining		0
Restructuring and Related Cost, Expected Cost		1,363,000
Equipment Relocation Costs [Member]
Restructuring and Related Cost, Cost Incurred to Date		1,424,000
Restructuring and Related Cost, Expected Cost Remaining		112,000
Restructuring and Related Cost, Expected Cost		$ 1,536,000		$ 2,531,000

Note 3 - Exit and Disposal Ac51

Note 3 - Exit and Disposal Activities - Summary of Pre-tax Restructuring Chargers (Details) - Transition of Production from the Broadway Plant [Member] - USD ($)	Dec. 31, 2017	Nov. 22, 2016
Total Program	$ 3,617,000
Recognized Costs	3,005,000
Remaining Costs to be Recognized	612,000
Employee Severance [Member]
Total Program	1,363,000
Recognized Costs	1,363,000
Remaining Costs to be Recognized	0
Asset Impairment [Member]
Total Program	188,000
Recognized Costs	188,000
Remaining Costs to be Recognized	0
Equipment Relocation Costs [Member]
Total Program	1,536,000	$ 2,531,000
Recognized Costs	1,424,000
Remaining Costs to be Recognized	112,000
Other Restructuring [Member]
Total Program	530,000
Recognized Costs	30,000
Remaining Costs to be Recognized	$ 500,000

Note 3 - Exit and Disposal Ac52

Note 3 - Exit and Disposal Activities - Costs and Related Restructuring Reserves (Details) - Transition of Production from the Broadway Plant [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)
Accrued, Beginning Balance	$ 427
Charge	2,360
Cash Payments or Asset Write-Offs	(2,642)
Accrued, Ending Balance	145
Employee Severance [Member]
Accrued, Beginning Balance	427
Charge	936
Cash Payments or Asset Write-Offs	(1,218)
Accrued, Ending Balance	145
Equipment Relocation Costs [Member]
Accrued, Beginning Balance	0
Charge	1,424
Cash Payments or Asset Write-Offs	(1,424)
Accrued, Ending Balance	$ 0

Note 3 - Exit and Disposal Ac53

Note 3 - Exit and Disposal Activities - Segregation of Assets Held for Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Property, plant and equipment	$ 28,874	$ 6,673
Accumulated depreciation	(25,976)	(5,841)
Property, plant and equipment, net	$ 2,898	$ 832

Note 4 - CSS Sale (Details Text

Note 4 - CSS Sale (Details Textual) - USD ($)	Aug. 16, 2016	Dec. 31, 2017	Dec. 31, 2016
Payment for Debt Extinguishment or Debt Prepayment Cost		$ 0	$ 1,521,000
Sypris Electronics Assets [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Disposal Group, Including Discontinued Operation, Consideration	$ 42,000,000
Escrow Deposit	$ 1,500,000
Escrow Deposit, Holding Period	1 year
Disposal Group, Including Discontinued Operation, Revenue			11,061,000
Sypris Electronics Assets [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Other Income [Member]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal			31,240,000
Sypris Electronics Assets [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Loss on Extinguishment of Debt [Member]
Payment for Debt Extinguishment or Debt Prepayment Cost			$ 1,521,000

Note 5 - Toluca Sale-leaseback

Note 5 - Toluca Sale-leaseback (Details Textual) - Toluca [Member]	Mar. 09, 2016USD ($)a	Mar. 09, 2016MXN ($)	Oct. 01, 2017	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Sale Leaseback Transaction, Transaction Related Expenses	$ 1,116,000
Sale Leaseback Transaction, Amount Due under Financing Arrangement				$ 2,949,000
Sale Leaseback Transaction, Deferred Gain, Net				4,075,000
Capital Lease Agreement Term			10 years
Sale Leaseback Transaction, Annual Rental Payments				$ 936,000
Other Income [Member]
Sale Leaseback Transaction, Current Period Gain Recognized					$ 2,370,000
Property, Plant and Equipment [Member]
Sale Leaseback Transaction, Amount Due under Financing Arrangement	$ 3,315,000
Sypris Technologies Mexico, S. de R.L. de C.V. [Member]
Area of Real Estate Property | a	24
Sale Leaseback Transaction, Net Proceeds, Investing Activities	$ 12,182,000	$ 215,000,000
Sale Leaseback Transaction, Portion of Real Estate Property Leased Back to Seller | a	9

Note 6 - Other Income, Net (Det

Note 6 - Other Income, Net (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property	$ 2,668,000	$ 33,626,000
Foreign Currency Transaction Gain (Loss), before Tax	(773,000)	951,000
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Other Income [Member] | Sypris Electronics [Member]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	$ 1,913,000	31,240,000
Toluca [Member] | Other Income [Member]
Sale Leaseback Transaction, Current Period Gain Recognized		$ 2,370,000

Note 7 - Accounts Receivable -

Note 7 - Accounts Receivable - Accounts Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Account receivable, long-term contracts or programs	$ 9,464	$ 9,238
Allowance for doubtful accounts	(147)	(1,228)
Net	9,317	8,010
Commercial [Member]
Account receivable, long-term contracts or programs	9,464	9,228
US Government [Member]
Account receivable, long-term contracts or programs	$ 0	$ 10

Note 8 - Inventory - Inventory

Note 8 - Inventory - Inventory Components (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Raw materials	$ 10,011	$ 8,187
Work in process	7,150	6,211
Finished goods	1,645	2,020
Reserve for excess and obsolete inventory	(1,165)	(1,860)
Total	$ 17,641	$ 14,558

Note 9 - Other Current Assets59

Note 9 - Other Current Assets (Details Textual)	12 Months Ended
	Dec. 31, 2017
Percentage of Current Assets Included in Other Current Assets	5.00%

Note 9 - Other Current Assets -

Note 9 - Other Current Assets - Other Current Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Prepaid expenses	$ 571	$ 1,973
Other	1,432	757
Total	$ 2,003	$ 2,730

Note 10 - Property, Plant and61

Note 10 - Property, Plant and Equipment (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Depreciation	$ 3,884,000	$ 5,199,000

Note 10 - Property, Plant and62

Note 10 - Property, Plant and Equipment - Property, Plant and Equipment Components (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Gross property, plant and equipment	$ 62,083	$ 87,416
Accumulated depreciation	(46,509)	(69,473)
Property plant and equipment net	15,574	17,943
Capital Leased Assets, Gross	4,264	2,853
Accumulated depreciation	(548)	(238)
Capital Leased Assets, Net	3,716	2,615
Land and Land Improvements [Member]
Gross property, plant and equipment	219	219
Building and Building Improvements [Member]
Gross property, plant and equipment	11,140	10,056
Capital Leased Assets, Gross	2,987	2,853
Machinery, Equipment, Furniture, and Fixtures [Member]
Capital Leased Assets, Gross	1,277	0
Property, Plant and Equipment, Other Types [Member]
Gross property, plant and equipment	49,726	76,495
Construction in Progress [Member]
Gross property, plant and equipment	$ 998	$ 646

Note 11 - Other Assets - Summar

Note 11 - Other Assets - Summary of Other Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Long term spare parts	$ 871	$ 830
Long term deposits	578	964
Other	129	0
Total	$ 1,578	$ 1,794

Note 12 - Accrued Liabilities64

Note 12 - Accrued Liabilities (Details Textual)	Dec. 31, 2017
Accrued Operating Expenses, Accrued Warranty Expenses, Accrued Interest, and Other Items	5.00%

Note 12 - Accrued Liabilities -

Note 12 - Accrued Liabilities - Summary of Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Salaries, wages, employment taxes and withholdings	$ 1,720	$ 2,332
Employee benefit plans	703	1,020
Accrued professional fees	3,596	3,493
Income, property and other taxes	387	360
Deferred revenue	1,273	435
Deferred gain from sale-leaseback	499	477
Exit and disposal activity accruals	145	427
Other	2,007	2,277
Total	$ 10,330	$ 10,821

Note 13 - Other Liabilities (De

Note 13 - Other Liabilities (Details Textual)	Dec. 31, 2017
Accrued Long-term Warranty Expenses and Other Items, Percentage	5.00%

Note 13 - Other Liabilities - O

Note 13 - Other Liabilities - Other Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Noncurrent pension liability	$ 4,781	$ 5,474
Deferred gain from sale leaseback	3,576	3,892
Other	412	126
Total	$ 8,769	$ 9,492

Note 14 - Debt (Details Textual

Note 14 - Debt (Details Textual)	Apr. 01, 2019	Mar. 09, 2016USD ($)a	Mar. 09, 2016MXN ($)a	Jan. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Aug. 31, 2016USD ($)
Long-term Debt, Weighted Average Interest Rate, at Point in Time					8.00%	8.00%	8.00%
Long-term Debt, Weighted Average Interest Rate, over Time						8.00%	10.40%
Interest Costs Capitalized						$ 0	$ 0
Interest Paid, Net						526,000	3,579,000
Subsequent Event [Member]
Capital Lease Obligations				$ 1,277,000
Subsequent Event [Member] | Capital Lease Obligations [Member]
Debt Instrument, Term				3 years
Toluca [Member]
Sale Leaseback Transaction, Amount Due under Financing Arrangement					$ 2,949,000	2,949,000
Toluca [Member] | Sypris Technologies Mexico, S. de R.L. de C.V. [Member]
Area of Land | a		24	24
Sale Leaseback Transaction, Net Proceeds, Investing Activities		$ 12,182,000	$ 215,000,000
Sale Leaseback Transaction, Term of Lease		10 years	10 years
Sale Leaseback Transaction, Portion of Real Estate Property Leased Back to Seller | a		9	9
Promissory Note [Member] | Gill Family Capital Management [Member]
Subordinated Debt					$ 6,500,000	$ 6,500,000	$ 6,500,000	$ 6,500,000
Debt Instrument, Interest Rate, Stated Percentage					8.00%	8.00%
Promissory Note [Member] | Gill Family Capital Management [Member] | Five-year Treasury Note Average During Preceding 90-day Period [Member] | Scenario, Forecast [Member]
Debt Instrument, Basis Spread on Variable Rate	5.00%
Promissory Note with Maturity on April 1, 2021 [Member] | Gill Family Capital Management [Member]
Subordinated Debt					$ 2,500,000	$ 2,500,000
Promissory Note with Maturity on April 1, 2023 [Member] | Gill Family Capital Management [Member]
Subordinated Debt					$ 2,000,000	$ 2,000,000
Promissory Notes with Maturity on April 1, 2021 and April 1, 2023 [Member] | Gill Family Capital Management [Member]
Debt Instrument, Interest Rate, Stated Percentage					8.00%	8.00%
Debt Instrument, Allowance for Payment Deferral Period					18 years
Debt Instrument, Maximum Allowance of Interest Due on Deferred Payments, Percent					60.00%
Promissory Notes with Maturity on April 1, 2021 and April 1, 2023 [Member] | Gill Family Capital Management [Member] | Five-year Treasury Note Average During Preceding 90-day Period [Member]
Debt Instrument, Basis Spread on Variable Rate					500.00%

Note 14 - Debt - Debt Component

Note 14 - Debt - Debt Components (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Current portion of capital lease obligations	$ 829	$ 208
Note payable – related party	6,500	6,500
Capital lease obligations	3,397	2,950
Less unamortized debt issuance and modification costs	(65)	(125)
Long term debt and capital lease obligations, net of unamortized debt costs	$ 9,832	$ 9,325

Note 14 - Debt - Capital Lease

Note 14 - Debt - Capital Lease Future Minimum Payments (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
2,018	$ 1,214
2,019	927
2,020	881
2,021	580
2,022	548
Thereafter	1,691
Total future payments	5,841
Less: Amount representing interest	(1,615)
Present value of future minimum payments	4,226
Less: Current portion	(829)	$ (208)
Long term portion	$ 3,397	$ 2,950

Note 16 - Employee Benefit Pl71

Note 16 - Employee Benefit Plans (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Defined Benefit Plan Highest Average Compensation Period	5 years
Defined Benefit Plan Maximum Period Allocated for Calculating Average Compensation	10 years
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year	$ 73,000
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), after Reclassification Adjustment, before Tax	(14,577,000)
Defined Benefit Plan, Expected Amortization of Gain (Loss), Next Fiscal Year	(671,000)
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, after Tax	$ 693,000	$ 664,000
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	3.00%
Defined Contribution Plan [Member]
Defined Contribution Plan, Cost	$ 530,000	668,000
Non US Employees Defined Benefit Plan [Member]
Defined Benefit Plan, Plan Assets, Administration Expense	$ 20,000	$ 11,000
Equity Securities [Member] | Minimum [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	0.00%
Equity Securities [Member] | Maximum [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	55.00%
Fixed Income Securities [Member] | Minimum [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	35.00%
Fixed Income Securities [Member] | Maximum [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	100.00%
Non Traditional Securities [Member] | Minimum [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	0.00%
Non Traditional Securities [Member] | Maximum [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	10.00%

Note 16 - Employee Benefit Pl72

Note 16 - Employee Benefit Plans - Components of Pension Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Service cost	$ 6	$ 6
Interest cost on projected benefit obligation	1,518	1,675
Net amortization of actuarial loss	693	664
Expected return on plan assets	(1,813)	(1,971)
Net periodic benefit cost	$ 404	$ 374

Note 16 - Employee Benefit Pl73

Note 16 - Employee Benefit Plans - Summaries of Changes in Benefit Obligations and Plan Assets and of Funded Status of Pension Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Benefit obligation at beginning of year	$ 39,312	$ 40,958
Service cost	6	6
Interest cost on projected benefit obligation	1,518	1,675
Actuarial loss (gain)	1,278	(325)
Benefits paid	(2,935)	(3,002)
Benefit obligation at end of year	39,179	39,312
Change in plan assets:
Fair value of plan assets at beginning of year	33,838	35,126
Actual return on plan assets	3,495	1,714
Company contributions	0	0
Benefits paid	(2,935)	(3,002)
Fair value of plan assets at end of year	34,398	33,838
Underfunded status of the plans	(4,781)	(5,474)
Balance sheet assets (liabilities):
Other liabilities	(4,781)	(5,474)
Net amount recognized	(4,781)	(5,474)
Pension plans with accumulated benefit obligation in excess of plan assets:
Projected benefit obligation	26,327	39,312
Accumulated benefit obligation	26,327	39,309
Fair value of plan assets	$ 21,539	$ 33,838
Projected benefit obligation and net periodic pension cost assumptions:
Discount rate – projected benefit obligation	3.55%	4.05%
Discount rate – net periodic pension cost	4.05%	4.35%
Rate of compensation increase	4.00%	4.00%
Weighted average asset allocation	100.00%	100.00%
Equity Securities [Member]
Projected benefit obligation and net periodic pension cost assumptions:
Weighted average asset allocation	27.00%	25.00%
Debt Securities [Member]
Projected benefit obligation and net periodic pension cost assumptions:
Weighted average asset allocation	71.00%	73.00%
Other [Member]
Projected benefit obligation and net periodic pension cost assumptions:
Weighted average asset allocation	2.00%	2.00%
Minimum [Member]
Projected benefit obligation and net periodic pension cost assumptions:
Expected long-term rate of return on plan assets	5.15%	5.40%
Maximum [Member]
Projected benefit obligation and net periodic pension cost assumptions:
Expected long-term rate of return on plan assets	6.30%	6.75%

Note 16 - Employee Benefit Pl74

Note 16 - Employee Benefit Plans - Summary of Fair Values of Pension Plan Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Fair value of plan assets	$ 34,398	$ 33,838	$ 35,126
Fair Value, Inputs, Level 1 [Member]
Fair value of plan assets	17,639	18,849
Fair Value, Inputs, Level 1 [Member] | Cash and Cash Equivalents [Member]
Fair value of plan assets	1,090	1,253
Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member] | US Large Cap [Member]
Fair value of plan assets	5,845	6,105
Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member] | US Mid Cap [Member]
Fair value of plan assets	1,343	891
Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member] | US Small Cap [Member]
Fair value of plan assets	795	443
Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member] | World Equity [Member]
Fair value of plan assets	1,484	1,095
Fair Value, Inputs, Level 1 [Member] | Real Estate [Member]
Fair value of plan assets	473	314
Fair Value, Inputs, Level 1 [Member] | Other Equity Securities [Member]
Fair value of plan assets	147	223
Fair Value, Inputs, Level 1 [Member] | Fixed Income Securities [Member]
Fair value of plan assets	6,462	8,525
Fair Value, Inputs, Level 2 [Member]
Fair value of plan assets	16,759	14,989
Fair Value, Inputs, Level 2 [Member] | Cash and Cash Equivalents [Member]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 2 [Member] | Equity Securities [Member] | US Large Cap [Member]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 2 [Member] | Equity Securities [Member] | US Mid Cap [Member]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 2 [Member] | Equity Securities [Member] | US Small Cap [Member]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 2 [Member] | Equity Securities [Member] | World Equity [Member]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 2 [Member] | Real Estate [Member]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 2 [Member] | Other Equity Securities [Member]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 2 [Member] | Fixed Income Securities [Member]
Fair value of plan assets	$ 16,759	$ 14,989

Note 16 - Employee Benefit Pl75

Note 16 - Employee Benefit Plans - Benefits Expected to be Paid (Details) $ in Thousands	Dec. 31, 2017USD ($)
2,018	$ 2,998
2,019	2,942
2,020	2,873
2,021	2,829
2,022	2,768
2,023	12,719
Total	$ 27,129

Note 17 - Commitments and Con76

Note 17 - Commitments and Contingencies (Details Textual) - USD ($)	Apr. 07, 2017	Dec. 31, 2017	Dec. 31, 2016
Operating Leases, Rent Expense, Net		$ 1,427,000	$ 2,392,000
Purchase Obligation		3,296,000
Accrual for Environmental Loss Contingencies		0	0
Inventory, Net		17,641,000	14,558,000
Tampa Facility Litigation [Member]
Cost of Property Repairs and Maintenance		52,000
Litigation Settlement, Expense	$ 448,000
Customer Lawsuit Against Distributor [Member] | Inventory Related to Customer Involved in Lawsuit Against Distributor [Member]
Inventory, Net		$ 1,034,000
Accrued Liabilities [Member] | Tampa Facility Litigation [Member]
Loss Contingency Accrual			$ 500,000

Note 17 - Commitments and Con77

Note 17 - Commitments and Contingencies - Future Minimum Annual Lease Commitment Under Operating Leases (Details) $ in Thousands	Dec. 31, 2017USD ($)
2,018	$ 1,465
2,019	1,385
2,020	1,317
2,021	1,362
2,022	1,378
2023 and thereafter	5,074
Total	$ 11,981

Note 18 - Stock Option and Pu78

Note 18 - Stock Option and Purchase Plans (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	1,314,021	1,712,021
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 0.45	$ 0.38
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	0	0
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options	$ 746,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	1 year 36 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value	$ 0	$ 0
The 2010 Sypris Omnibus Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award Award Lapsing Restrictions Period	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	5 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
The 2015 Omnibus Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award Award Lapsing Restrictions Period	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	5 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Employee Stock Option [Member] | The 2010 Sypris Omnibus Plan [Member]
Common Stock, Capital Shares Reserved for Future Issuance	3,655,088
Employee Stock Option [Member] | The 2015 Omnibus Plan [Member]
Common Stock, Capital Shares Reserved for Future Issuance	3,476,021
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 408,000	$ 536,000

Note 18 - Stock Option and Pu79

Note 18 - Stock Option and Purchase Plans - Estimate Fair Value of Options Granted (Details)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Expected life (years) (Year)	4 years	4 years
Expected volatility	51.20%	52.00%
Risk-free interest rates	1.91%	1.42%
Expected dividend yield	0.00%	0.00%

Note 18 - Stock Option and Pu80

Note 18 - Stock Option and Purchase Plans - Summary of Restricted Stock Activity (Details) - Restricted Stock [Member]	12 Months Ended
	Dec. 31, 2017$ / sharesshares
Nonvested shares (in shares) | shares	1,165,000
Nonvested shares, weighted average grant date fair value (in dollars per share) | $ / shares	$ 1.49
Granted (in shares) | shares	199,000
Granted, weighted average grant date fair value (in dollars per share) | $ / shares	$ 1.06
Vested (in shares) | shares	(296,000)
Vested, weighted average grant date fair value (in dollars per share) | $ / shares	$ 2.26
Forfeited (in shares) | shares	(39,000)
Forfeited, weighted average grant date fair value (in dollars per share) | $ / shares	$ 1.15
Nonvested shares (in shares) | shares	1,029,000
Nonvested shares, weighted average grant date fair value (in dollars per share) | $ / shares	$ 1.20

Note 18 - Stock Option and Pu81

Note 18 - Stock Option and Purchase Plan - Summary of Option Activity (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Outstanding (in shares)	1,908,250
Outstanding, weighted average exercise price per share (in dollars per share)	$ 2.07
Granted (in shares)	272,500
Granted, weighted average exercise price per share (in dollars per share)	$ 1.08
Exercised (in shares)	0	0
Exercised, weighted average exercise price per share (in dollars per share)	$ 0
Forfeited (in shares)	(45,000)
Forfeited, weighted average exercise price per share (in dollars per share)	$ 1.16
Expired (in shares)	(314,750)
Expired, weighted average exercise price per share (in dollars per share)	$ 3.49
Outstanding (in shares)	1,821,000	1,908,250
Outstanding, weighted average exercise price per share (in dollars per share)	$ 1.70	$ 2.07
Outstanding, weighted average remaining term (Year)	2 years 102 days
Outstanding, aggregate intrinsic value	$ 444,000
Exercisable (in shares)	523,200
Exercisable, weighted average exercise price per share (in dollars per share)	$ 2.99
Exercisable, weighted average remaining term (Year)	361 days
Exercisable, aggregate intrinsic value	$ 34,000

Note 19 - Stockholders' Equit82

Note 19 - Stockholders' Equity (Details Textual) - shares	Dec. 31, 2017	Dec. 31, 2016
Preferred Stock, Shares Authorized	975,150	975,150
Series A Preferred Stock [Member]
Preferred Stock, Shares Authorized	24,850	24,850
Preferred Stock, Shares Outstanding	0	0

Note 19 - Stockholders' Equit83

Note 19 - Stockholders' Equity - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Foreign currency translation adjustments, net of tax	$ (10,915)	$ (11,334)
Accumulated other comprehensive loss	(25,551)	(26,598)
UNITED STATES
Employee benefit related adjustments, net of tax	(14,748)	(15,445)
MEXICO
Employee benefit related adjustments, net of tax	$ 112	$ 181

Note 19 - Stockholders' Equit84

Note 19 - Stockholders' Equity - Components of Accumulated Other Comprehensive Income (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Balance	$ 26,098,000
Foreign currency translation adjustments, net of tax of $267 and $0 in 2017 and 2016, respectively	419,000	$ (1,780,000)
Balance	16,930,000	26,098,000
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	(11,334,000)	(9,554,000)
Foreign currency translation adjustments, net of tax of $267 and $0 in 2017 and 2016, respectively	419,000	(1,780,000)
Net actuarial gain for the year	0	0
Amortization for the year	0	0
Balance	(10,915,000)	(11,334,000)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Balance	(15,264,000)	(16,206,000)
Foreign currency translation adjustments, net of tax of $267 and $0 in 2017 and 2016, respectively	0	0
Net actuarial gain for the year	205,000	164,000
Amortization for the year	423,000	778,000
Balance	(14,636,000)	(15,264,000)
AOCI Attributable to Parent [Member]
Balance	(26,598,000)	(25,760,000)
Foreign currency translation adjustments, net of tax of $267 and $0 in 2017 and 2016, respectively	419,000	(1,780,000)
Net actuarial gain for the year	205,000	164,000
Amortization for the year	423,000	778,000
Balance	$ (25,551,000)	$ (26,598,000)

Note 20 - Income Taxes (Details

Note 20 - Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Effective Income Tax Rate Reconciliation, Percent		38.90%
Deferred Income Tax Expense (Benefit)		$ (667,000)	$ 0
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent		667,000
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability		19,395,000
Undistributed Earnings of Foreign Subsidiaries		0
Deferred Tax Assets, Foreign Deferred Revenue and Other Provision		4,942,000	3,269,000
Unrecognized Tax Benefits		200,000	200,000
Unrecognized Tax Benefits, Period Increase (Decrease)		0	0
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued		0	0
Mexican Subsidiaries [Member]
Deferred Tax Assets, Foreign Deferred Revenue and Other Provision		4,942,000	3,269,000
State and Local Jurisdiction [Member]
Income Taxes Paid		110,000	41,000
Proceeds from Income Tax Refunds		63,000	0
Operating Loss Carryforwards		95,294,000
Foreign Tax Authority [Member]
Income Taxes Paid		486,000	141,000
Proceeds from Income Tax Refunds		0	0
Domestic Tax Authority [Member]
Income Taxes Paid		0	0
Proceeds from Income Tax Refunds		0	$ 0
Operating Loss Carryforwards		$ 134,962,000
Scenario, Forecast [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%

Note 20 - Income Taxes - Compon

Note 20 - Income Taxes - Components of Income (Loss) From Continuing Operations Before Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Domestic	$ (7,328)	$ 5,375
Foreign	(4,112)	969
(Loss) income before income taxes	$ (11,440)	$ 6,344

Note 20 - Income Taxes - Comp87

Note 20 - Income Taxes - Components of Income Tax Expense (Benefit) Applicable to Continuing Operations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Current:
Federal	$ (184,000)	$ 0
State	39,000	222,000
Foreign	194,000	79,000
Total current income tax expense	49,000	301,000
Deferred:
Federal	(600,000)	0
State	(67,000)	0
Foreign	0	0
Total deferred income tax (benefit) expense	(667,000)	0
Income tax (benefit) expense, net	$ (618,000)	$ 301,000

Note 20 - Income Taxes - Summar

Note 20 - Income Taxes - Summary of Reconciliation of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Federal tax expense at the statutory rate	$ (4,004)	$ 2,220
Current year permanent differences	239	598
State income taxes, net of federal tax impact	(262)	528
Federal tax reform – deferred rate change	19,395	0
State deferred rate change	239	0
Foreign repatriation, net of foreign tax credits	(544)	165
Effect of tax rates of foreign subsidiaries	203	(51)
Currency translation effect on temporary differences	(372)	626
Change in valuation allowance	(15,230)	(6,256)
State NOL carryforwards, stock compensation and other items	(282)	2,471
Income tax (benefit) expense, net	$ (618)	$ 301

Note 20 - Income Taxes - Summ89

Note 20 - Income Taxes - Summary of Deferred Income Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Deferred tax assets:
Compensation and benefit accruals	$ 585	$ 1,517
Inventory valuation	739	1,481
Federal and state net operating loss carryforwards	32,646	49,298
Deferred revenue	296	63
Accounts receivable allowance	34	153
Defined benefit pension plan	802	1,627
Foreign deferred revenue and other provisions	4,942	3,269
AMT credits	0	185
Other	917	777
Total	40,961	58,370
Domestic valuation allowance	(35,387)	(52,900)
Foreign valuation allowance	(4,942)	(3,269)
Total deferred tax assets	632	2,201
Deferred tax liabilities:
Foreign subsidiaries – unrepatriated earnings	0	(543)
Depreciation	(632)	(1,658)
Total deferred tax liabilities	(632)	(2,201)
Net deferred tax asset	$ 0	$ 0

Note 21 - (Loss) Income Per C90

Note 21 - (Loss) Income Per Common Share (Details Textual)	12 Months Ended
	Dec. 31, 2016shares
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	992,000

Note 21 - (Loss) Income Per C91

Note 21 - (Loss) Income Per Common Share - Reconciliation of Weighted Average Shares Outstanding Used in Calculation of Basic and Diluted (Loss) Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Net (loss) income as reported	$ (10,822)	$ 6,043
Less distributed and undistributed earnings allocable to restricted award holders	0	(184)
Net (loss) income allocable to common stockholders	$ (10,822)	$ 5,859
Basic (in dollars per share)	$ (0.53)	$ 0.30
Diluted (in dollars per share)	$ (0.53)	$ 0.30
Basic (in shares)	20,326	19,861
Weighted average additional shares assuming conversion of potential common shares (in shares)	0	0
Weighted average shares outstanding – diluted (in shares)	20,326	19,861

Note 22 - Segment Information92

Note 22 - Segment Information (Details Textual)	12 Months Ended
	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Number of Operating Segments	2
Revenues	$ 82,294,000	$ 91,797,000
International Operation [Member]
Revenues	22,874,000	11,706,000
Export Sales	12,068,000	21,010,000
Long-Lived Assets	6,659,000	6,787,000
Net Assets	5,327,000	9,016,000
Intersegment Eliminations [Member]
Revenues	$ 0	$ 0	$ 0

Note 22 - Segment Information -

Note 22 - Segment Information - Financial Information From Reportable Segments - Income Statement (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Net revenue from unaffiliated customers	$ 82,294	$ 91,797
Gross profit (loss)	2,982	749
Operating loss	(12,544)	(22,758)
Other (income), net	(1,913)	(35,505)
(Loss) income before income taxes	(11,440)	6,344
Income tax (benefit) expense, net	(618)	301
Depreciation and amortization	3,884	6,288
Capital expenditures	1,637	1,763
Sypris Technologies [Member]
Net revenue from unaffiliated customers	54,891	63,324
Gross profit (loss)	395	(254)
Operating loss	(7,459)	(8,230)
Other (income), net	(1,906)	(4,320)
(Loss) income before income taxes	(5,844)	(4,178)
Income tax (benefit) expense, net	194	79
Depreciation and amortization	3,399	4,388
Capital expenditures	1,003	252
Sypris Electronics [Member]
Net revenue from unaffiliated customers	27,403	28,473
Gross profit (loss)	2,587	1,003
Operating loss	147	(7,127)
Other (income), net	(2)	(31,185)
(Loss) income before income taxes	150	24,058
Income tax (benefit) expense, net	0	0
Depreciation and amortization	372	1,772
Capital expenditures	366	1,472
Corporate and Other [Member]
Operating loss	(5,232)	(7,401)
Other (income), net	(5)	0
(Loss) income before income taxes	(5,746)	(13,536)
Income tax (benefit) expense, net	(812)	222
Depreciation and amortization	113	128
Capital expenditures	$ 268	$ 39

Note 22 - Segment Information94

Note 22 - Segment Information - Financial Information From Reportable Segments - Balance Sheet (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Total assets	$ 57,155,000	$ 62,637,000
Total liabilities	40,225,000	36,539,000
Sypris Technologies [Member]
Total assets	31,725,000	32,110,000
Total liabilities	23,854,000	24,466,000
Sypris Electronics [Member]
Total assets	17,440,000	12,881,000
Total liabilities	8,352,000	3,542,000
Corporate and Other [Member]
Total assets	7,990,000	17,646,000
Total liabilities	$ 8,019,000	$ 8,531,000