Sypris Solutions (SYPR) 10-K 18 Mar 21 2020 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2020	Mar. 10, 2021	Jul. 05, 2020
Document Information [Line Items]
Entity Registrant Name	SYPRIS SOLUTIONS INC
Entity Central Index Key	0000864240
Trading Symbol	sypr
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		21,436,963
Entity Public Float			$ 8,846,647
Entity Shell Company	false
Document Type	10-K
Document Period End Date	Dec. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Amendment Flag	false
Title of 12(b) Security	Common Stock

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Net revenue	$ 82,346,000	$ 87,891,000
Cost of sales	70,781,000	78,008,000
Gross profit	11,565,000	9,883,000
Selling, general and administrative	11,351,000	13,680,000
Severance, relocation and other costs	124,000	509,000
Operating income (loss)	90,000	(4,306,000)
Interest expense, net	838,000	903,000
Other expense (income), net	544,000	(1,256,000)
(Loss) income before income taxes	(1,292,000)	(3,953,000)
Income tax benefit, net	(2,960,000)	(4,000)
Net income (loss)	$ 1,668,000	$ (3,949,000)
Income (loss) per common share:
Basic (in dollars per share)	$ 0.08	$ (0.19)
Diluted (in dollars per share)	0.08	(0.19)
Cash dividends per common share (in dollars per share)	$ 0	$ 0
Weighted average shares outstanding:
Basic (in shares)	21,084	20,865
Diluted (in shares)	21,086	20,865

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Net income (loss)	$ 1,668	$ (3,949)
Other comprehensive (loss) income:
Foreign currency translation adjustments, net of tax expense of $0 and tax benefit of $104 in 2020 and 2019, respectively	(224)	344
Employee benefit related, net of tax expense of $0 and $136 in 2020 and 2019, respectively	(423)	447
Other comprehensive (loss) income	(647)	791
Comprehensive income (loss)	$ 1,021	$ (3,158)

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Loss) (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Foreign currency translation adjustments, tax	$ 0	$ 104
Employee benefit related, tax	$ 0	$ 136

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 11,606,000	$ 5,095,000
Accounts receivable, net	7,234,000	7,444,000
Inventory, net	16,236,000	20,784,000
Other current assets	3,948,000	4,282,000
Assets held for sale	412,000	2,233,000
Total current assets	39,436,000	39,838,000
Property, plant and equipment, net	10,161,000	11,675,000
Operating lease right-of-use assets	6,103,000	7,014,000
Other assets	5,008,000	1,529,000
Total assets	60,708,000	60,056,000
Current liabilities:
Accounts payable	6,734,000	9,346,000
Accrued liabilities	13,409,000	12,495,000
Operating lease liabilities, current portion	965,000	841,000
Finance lease obligations, current portion	393,000	684,000
Note payable – PPP Loan, current portion	1,186,000	0
Total current liabilities	22,687,000	23,366,000
Operating lease obligations, net of current portion	5,941,000	6,906,000
Finance lease obligations, net of current portion	1,927,000	2,351,000
Note payable – related party	6,477,000	6,463,000
Note payable – PPP Loan, net of current portion	2,372,000	0
Other liabilities	6,529,000	7,539,000
Total liabilities	45,933,000	46,625,000
Stockholders’ equity:
Preferred stock
Common stock	213,000	213,000
Additional paid-in capital	155,025,000	154,702,000
Accumulated deficit	(115,765,000)	(117,433,000)
Accumulated other comprehensive loss	(24,698,000)	(24,051,000)
Treasury stock, 1,236 and 26,192 shares in 2020 and 2019, respectively	0	0
Total stockholders’ equity	14,775,000	13,431,000
Total liabilities and stockholders’ equity	60,708,000	60,056,000
Series A Preferred Stock [Member]
Stockholders’ equity:
Preferred stock
Nonvoting Common Stock [Member]
Stockholders’ equity:
Common stock

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2020	Dec. 31, 2019
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)	21,302,194	21,324,618
Common stock, shares outstanding (in shares)	21,300,958	21,298,426
Treasury stock (in shares)	1,236	26,192
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, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net income (loss)	$ 1,668,000	$ (3,949,000)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	2,503,000	2,671,000
Deferred income taxes	(3,070,000)	(260,000)
Non-cash compensation	426,000	469,000
Deferred loan costs amortized	14,000	11,000
Net gain on disposal or abandonment of assets	(236,000)	(654,000)
Provision for excess and obsolete inventory	222,000	616,000
Non-cash lease expense	911,000	650,000
Other noncash items	(1,000)	52,000
Contributions to pension plans	(862,000)	(382,000)
Changes in operating assets and liabilities:
Accounts receivable	214,000	2,425,000
Inventory	4,230,000	(2,621,000)
Prepaid expenses and other assets	(204,000)	756,000
Accounts payable	(2,591,000)	(4,100,000)
Accrued and other liabilities	424,000	(1,537,000)
Net cash provided by (used in) operating activities	3,648,000	(5,853,000)
Cash flows from investing activities:
Capital expenditures	(1,542,000)	(859,000)
Proceeds from sale of assets	1,969,000	1,858,000
Net cash provided by investing activities	427,000	999,000
Cash flows from financing activities:
Principal payments on finance lease obligations	(715,000)	(632,000)
Proceeds from Paycheck Protection Program loan	3,558,000	0
Indirect repurchase of shares for minimum statutory tax withholdings	(103,000)	(156,000)
Net cash provided by (used in) financing activities	2,740,000	(788,000)
Effect of exchange rate changes on cash balances	(304,000)	33,000
Net increase (decrease) in cash and cash equivalents	6,511,000	(5,609,000)
Cash and cash equivalents at beginning of year	5,095,000	10,704,000
Cash and cash equivalents at end of year	11,606,000	5,095,000
Supplemental disclosure of cash flow information:
Right-of-use assets obtained in exchange for finance lease obligations	$ 0	$ 269,000

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Cumulative Effect, Period of Adoption, Adjustment [Member]Common Stock Outstanding [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Additional Paid-in Capital [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]AOCI Attributable to Parent [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Treasury Stock [Member]	Common Stock Outstanding [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]	Total
Balance (in shares) at Dec. 31, 2018						21,398,182
Balance at Dec. 31, 2018						$ 214	$ 154,388	$ (114,926)	$ (24,842)	$ 0
Net income (loss)						0	0	(3,949)	0	0	$ (3,949)
Employee benefit related, net of tax						0	0	0	447	0	$ (447)
Foreign currency translation adjustment, net of tax						$ 0	0	0	344	0
Noncash compensation (in shares)						60,000
Noncash compensation						$ 0	469	0	0	0
Treasury stock (in shares)						(10,000)
Treasury stock						$ 0	0	0	0	0
Retire treasury stock (in shares)						(149,756)
Retire treasury stock						$ (1)	(155)	0	0	0
Exercise of stock options (in shares)											0
Balance (in shares) at Dec. 31, 2019						21,298,426
Balance at Dec. 31, 2019	$ 0	$ 0	$ 1,442	$ 0	$ 0	$ 213	154,702	(117,433)	(24,051)	0	$ 13,431
Net income (loss)						0	0	1,668	0	0	1,668
Employee benefit related, net of tax						0	0	0	(423)	0	$ 423
Foreign currency translation adjustment, net of tax						$ 0	0	0	(224)	0
Noncash compensation (in shares)						70,000
Noncash compensation						$ 0	426	0	0	0
Retire treasury stock (in shares)						(82,424)
Retire treasury stock						$ 0	(99)	0	0	0
Exercise of stock options (in shares)						14,956					306,500
Exercise of stock options						$ 0	(4)	0	0	0
Balance (in shares) at Dec. 31, 2020						21,300,958
Balance at Dec. 31, 2020						$ 213	$ 155,025	$ (115,765)	$ (24,698)	$ 0	$ 14,775

Note 1 - Organization and Signi

Note 1 - Organization and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
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 21 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 and the COVID- 19 19 19 Fair Value Estimates The Company estimates fair value of its financial instruments utilizing an established three 1 2 3 Cash Equivalents 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 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 The Company classifies 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 4 Leases Our lease portfolio represents leases of real estate, including manufacturing, assembly and office facilities, while the remainder represents leases of personal property, including manufacturing and information technology equipment. We have lease agreements with lease and non-lease components, which are accounted for as a single lease component. Leases with an initial term of 12 not 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 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 revenue when it satisfies a performance obligation by transferring control of a promised product or rendering a service to a customer. The amount of revenue recognized reflects the consideration the Company expects to be entitled to in exchange for the product or service (the “transaction price”). The Company's transaction price in its contracts with customers is generally fixed; no not not A performance obligation is a promise in a contract to transfer a distinct product or render a service to a customer and is the unit of account to which the transaction price is allocated under ASC 606, Revenue from Contracts with Customers 606” For contracts where Sypris Electronics serves as a contractor for aerospace and defense companies under federally funded programs, we generally recognize revenue over time as we perform due to the continuous transfer of control to the customer. This continuous transfer of control to the customer is supported by clauses in the contracts that allow the customer to unilaterally terminate the contract for convenience, pay us for costs incurred plus a reasonable profit and take control of any work in process. Because control is transferred over time, revenue is recognized based on the extent of progress towards completion of the performance obligation. We use labor hours incurred as a measure of progress for these contracts because it best depicts the Company's performance of the obligation to the customer, which occurs as we incur labor on our contracts. Under this measure of progress, the extent of progress towards completion is measured based on the ratio of labor hours incurred to date to the total estimated labor hours at completion of the performance obligation. Our contract profit margins may not 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, 2020 2019, $638,000 $569,000, December 31, 2020 2019 $294,000 $156,000, 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 53% December 31, 2020 four 17%, 14%, 11% 11%, December 31, 2020 27% December 31, 2019 two 17% 10%, December 31, 2019 The Company's largest customers for the year ended December 31, 2020 22%, 14% 12%, December 31, 2019, 22%, 14% 11%, No 10% December 31, 2020 2019. 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 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 386, 58% December 31, 2020. no 12 53% 350 December 31, 2020. Recently Issued Accounting Standards In August 2018, 2018 14, Compensation Retirement Benefits Defined Benefit Plans General, Disclosure Framework Changes to the Disclosure Requirements for Defined Benefit Plans January 1, 2020. not In August 2018, 2018 15, Intangibles-Goodwill and Other-Internal-Use Software: Customer s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract 2018 15 2018 15 2018 48 January 1, 2020, not may In June 2016, 2016 13, Credit Losses Measurement of Credit Losses on Financial Instruments January 1, 2023, not In December 2019, 2019 12, Income Taxes Simplifying the Accounting for Income Taxes January 1, 2021 not not Reclassifications Certain amounts in the Company's 2019 2020 no

Note 2 - Leases

Note 2 - Leases	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Lessee, Operating and Finance Leases [Text Block]	( 2 Leases The Company determines if an arrangement is a lease at its inception. The Company has entered into operating leases for real estate. These leases have initial terms which range from 10 11 one 5 not not Some leases may one These operating leases are included in “Operating lease right-of-use assets” on the Company's December 31, 2020 December 31, 2020, $6,103,000 $6,906,000, December 31, 2019, $7,014,000 $7,747,000, We primarily use our incremental borrowing rate, which is updated quarterly, based on the information available at commencement date, in determining the present value of lease payments. If readily available, we would use the implicit rate in a new lease to determine the present value of lease payments. The Company has certain contracts for real estate which may The Company has entered into various short-term operating leases, primarily for office equipment with an initial term of twelve not not December 31, 2020 2019. The following table presents information related to lease expense for the year ended December 31, 2020 2019 December 31, 2020 2019 Finance lease expense: Amortization expense $ 425 $ 481 Interest expense 261 348 Operating lease expense 1,406 1,406 Variable lease expense 317 272 Total lease expense $ 2,409 $ 2,507 The following table presents supplemental cash flow information related to leases for the year ended December 31, 2020 December 31, 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,363 $ 1,436 Operating cash flows from finance leases 261 348 Financing cash flows from finance leases 715 632 The annual future minimum lease payments as of December 31, 2020 Operating Finance Leases Leases Next 12 months $ 1,476 $ 612 12 to 24 months 1,492 612 24 to 36 months 1,509 612 36 to 48 months 1,318 559 48 to 60 months 1,231 550 Thereafter 1,700 46 Total lease payments 8,726 2,991 Less imputed interest (1,820 ) (671 ) Total $ 6,906 $ 2,320 The following table presents certain information related to lease terms and discount rates for leases as of December 31, 2020 2019: December 31, 2020 2019 Weighted-average remaining lease term (years): Operating leases 6.2 7.1 Finance leases 4.9 5.3 Weighted-average discount rate (percentage): Operating leases 8.0 8.0 Finance leases 10.2 10.3

Note 3 - Revenue from Contracts

Note 3 - Revenue from Contracts with Customers	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	( 3 Revenue from Contracts with Customers The Company recognizes revenue when it satisfies a performance obligation by transferring control of a promised product or rendering a service to a customer. The amount of revenue recognized reflects the consideration the Company expects to be entitled to in exchange for the product or service (the “transaction price”). The Company's transaction price in its contracts with customers is generally fixed; no not 1 not A performance obligation is a promise in a contract to transfer a distinct product or render a service to a customer and is the unit of account to which the transaction price is allocated under ASC 606. For contracts where Sypris Electronics serves as a contractor for aerospace and defense companies under federally funded programs, we generally recognize revenue over time as we perform because of continuous transfer of control to the customer. This continuous transfer of control to the customer is supported by clauses in the contracts that allow the customer to unilaterally terminate the contract for convenience, pay us for costs incurred plus a reasonable profit and take control of any work in process. Because control is transferred over time, revenue is recognized based on the extent of progress towards completion of the performance obligation. We use labor hours incurred as a measure of progress for these contracts because it best depicts the Company's performance of the obligation to the customer, which occurs as we incur labor on our contracts. Under this measure of progress, the extent of progress towards completion is measured based on the ratio of labor hours incurred to date to the total estimated labor hours at completion of the performance obligation. Our contract profit margins may not Many of Sypris Electronics' contractual arrangements with customers are for one one $30,324,000 December 31, 2020, 61% 2021 2022. Disaggregation of Revenue The following table summarizes revenue from contracts with customers for the years ended December 31, 2020 2019: December 31, 2020 2019 Sypris Technologies – transferred point in time $ 45,321 $ 61,683 Sypris Electronics – transferred point in time 6,550 6,201 Sypris Electronics – transferred over time 30,475 20,007 Net revenue $ 82,346 $ 87,891 Differences in the timing of revenue recognition, billings and cash collections results in billed accounts receivable, unbilled receivables (contract assets) and deferred revenue, customer deposits and billings in excess of revenue recognized (contract liabilities) on the consolidated balance sheets. Contract assets December 31, 2020 2019 $1,240,000 $906,000, Contract liabilities December 31, 2020, $7,339,000, $6,816,000 $523,000 December 31, 2019, $7,504,000, $5,769,000 $1,735,000 not The Company recognized revenue from contract liabilities of $7,619,000 $5,109,000 December 31, 2020 2019, Practical expedients and exemptions Sales commissions are expensed when incurred because the amortization period would have been one We do not one

Note 4 - Assets Held for Sale

Note 4 - Assets Held for Sale	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	( 4 Assets Held for Sale On February 21, 2017, December 31, 2019. On April 13, 2020, $1,700,000. 2020 $268,000 December 31, 2020. December 31, 2020. All assets held for sale are within the Sypris Technologies segment. The following assets have been segregated and included in assets held for sale in the consolidated balance sheets (in thousands): December 31, 2020 2019 Property, plant and equipment $ 1,387 $ 13,346 Accumulated depreciation (975 ) (11,113 ) Property, plant and equipment, net $ 412 $ 2,233

Note 5 - Other Expense (Income)

Note 5 - Other Expense (Income), Net	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Other Income and Other Expense Disclosure [Text Block]	( 5 Other Expense (Income), Net The Company recognized other expense of $544,000 December 31, 2020. December 31, 2020, $1,700,000 $268,000 $813,000 4 $813,000 $577,000 $728,000. not December 31, 2020. The Company recognized other income of $1,256,000 December 31, 2019. 2019, $1,500,000 one two $1,500,000 2019. $654,000 December 31, 2019 $152,000 $970,000.

Note 6 - Accounts Receivable

Note 6 - Accounts Receivable	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	( 6 Accounts Receivable Accounts receivable consists of the following (in thousands): December 31, 2020 2019 Commercial $ 7,264 $ 7,494 Allowance for doubtful accounts (30 ) (50 ) Net $ 7,234 $ 7,444

Note 7 - Inventory

Note 7 - Inventory	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Inventory Disclosure [Text Block]	( 7 Inventory Inventory consists of the following (in thousands): December 31, 2020 2019 Raw materials $ 11,118 $ 15,139 Work in process 6,210 5,889 Finished goods 762 1,675 Reserve for excess and obsolete inventory (1,854 ) (1,919 ) Total $ 16,236 $ 20,784

Note 8 - Other Current Assets

Note 8 - Other Current Assets	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Other Current Assets [Text Block]	( 8 Other Current Assets Other current assets consist of the following (in thousands): December 31, 2020 2019 Prepaid expenses $ 911 $ 835 Contract assets 1,240 906 Other 1,797 2,541 Total $ 3,948 $ 4,282 Included in other current assets are income and VAT taxes refundable, tools, spare parts and other items, none 5%

Note 9 - Property, Plant and Eq

Note 9 - Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	( 9 Property, Plant and Equipment Property, plant and equipment consists of the following (in thousands): December 31, 2020 2019 Land and land improvements $ 43 $ 50 Buildings and building improvements 7,747 8,108 Machinery, equipment, furniture and fixtures 55,620 55,520 Construction in progress 609 371 64,019 64,049 Accumulated depreciation (53,858 ) (52,374 ) $ 10,161 $ 11,675 Depreciation expense, including amortization of assets recorded under finance leases, totaled approximately $2,503,000 $2,671,000 December 31, 2020 2019, not December 31, 2020 2019, Included within property, plant and equipment were assets under finance leases as follows (in thousands): December 31, 2020 2019 Buildings and building improvements $ 2,955 $ 3,128 Machinery, equipment, furniture and fixtures 269 1,546 3,224 4,674 Accumulated depreciation (1,522 ) (1,495 ) $ 1,702 $ 3,179

Note 10 - Other Assets

Note 10 - Other Assets	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Other Assets Disclosure [Text Block]	( 10 Other Assets Other assets consist of the following (in thousands): December 31, 2020 2019 Long term spare parts $ 494 $ 183 Long term deposits 286 396 Pension asset 380 607 Deferred tax asset, net 3,604 172 Other 244 171 Total $ 5,008 $ 1,529

Note 11 - Accrued Liabilities

Note 11 - Accrued Liabilities	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Accrued Liabilities [Text Block]	( 11 Accrued Liabilities Accrued liabilities consist of the following (in thousands): December 31, 2020 2019 Salaries, wages, employment taxes and withholdings $ 2,793 $ 2,416 Employee benefit plans 1,216 1,517 Accrued professional fees 695 966 Income, property and other taxes 253 355 Contract liabilities 6,816 5,769 Deferred gain from sale-leaseback 296 313 Other 1,340 1,159 Total $ 13,409 $ 12,495 Included in other accrued liabilities are accrued operating expenses, accrued warranty expenses, accrued interest, and other items, none 5%

Note 12 - Other Liabilities

Note 12 - Other Liabilities	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Other Liabilities Disclosure [Text Block]	( 12 Other Liabilities Other liabilities consist of the following (in thousands): December 31, 2020 2019 Noncurrent pension liability $ 4,290 $ 4,026 Deferred gain from sale leaseback 1,231 1,616 Other 1,008 1,897 Total $ 6,529 $ 7,539 Included in other liabilities are long-term contract liabilities and other items, none 5%

Note 13 - Debt

Note 13 - Debt	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Long-term Debt [Text Block]	( 13 Debt Long-term obligations consists of the following (in thousands): December 31, 2020 2019 Current: Finance lease obligation, current portion $ 393 $ 684 PPP Loan, current portion 1,186 0 Current portion of long term debt and finance lease obligations $ 1,579 $ 684 Long Term: Finance lease obligations $ 1,927 $ 2,351 PPP Loan 2,372 0 Note payable – related party 6,500 6,500 Less unamortized debt issuance and modification costs (23 ) (37 ) Long term debt and finance lease obligations, net of unamortized debt costs $ 10,776 $ 8,814 The weighted average interest rate for outstanding borrowings at December 31, 2020 2019 5.5% 8.0%, no 2020 2019. December 31, 2020 2019 $369,000 $526,000, Paycheck Protection Program During the second 2020, $3,558,000 $3,558,000 1.00%. two no July 2021, July 2021, 2020 five may The PPP Loan is unsecured and guaranteed by the U.S. Small Business Administration (the “SBA”). The Company may may 24 fourth 2020, no Note Payable Related Party The Company has received the benefit of cash infusions from Gill Family Capital Management, Inc. (“GFCM”) in the form of secured promissory note obligations totaling $6,500,000 December 31, 2020 2019. one 8.0% March 31, 2019 April 1 st 8.0% 500 five 90 18 60% April 2021 2023. first 2020, April 6, 2020. During the fourth 2020, one $2,500,000 April 1, 2021 April 1, 2022, ( $2,000,000 April 1, 2023 April 1, 2024 April 1, 2025 April 1, 2026; ( 18 60% April 2022 2024; first January 4, 2021 2020. Obligations under the promissory note are guaranteed by all of the subsidiaries and are secured by a first Finance Lease Obligations On March 9, 2016, 24 215,000,000 $12,182,000 ten 9 $2,139,000 December 31, 2020. In February 2019, 60 $269,000 December 31, 2020 $181,000.

Note 14 - Fair Value of Financi

Note 14 - Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block]	( 14 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, 2020 2

Note 15 - Employee Benefit Plan

Note 15 - Employee Benefit Plans	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Retirement Benefits [Text Block]	( 15 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, 2020 2019 Service cost $ 5 $ 4 Interest cost on projected benefit obligation 1,084 1,407 Net amortization of actuarial loss 631 666 Expected return on plan assets (987 ) (1,103 ) Net periodic benefit cost $ 733 $ 974 The net periodic cost of the defined benefit pension plans incurred during the years ended December 31, 2020 2019 Year ended December 31, 2020 2019 Service cost: Selling, general and administrative expenses $ 5 4 Other net periodic benefit costs: Other expense (income), net 728 970 Total $ 733 $ 974 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, 2020 2019 Change in benefit obligation: Benefit obligation at beginning of year $ 36,050 $ 34,690 Service cost 5 4 Interest cost 1,084 1,407 Actuarial loss 2,516 2,835 Benefits paid (2,796 ) (2,886 ) Benefit obligation at end of year $ 36,859 $ 36,050 December 31, 2020 2019 Change in plan assets: Fair value of plan assets at beginning of year $ 31,738 $ 30,199 Actual return on plan assets 2,549 4,043 Company contributions 862 382 Benefits paid (2,796 ) (2,886 ) Fair value of plan assets at end of year $ 32,353 $ 31,738 Underfunded status of the plans $ (4,506 ) $ (4,312 ) Balance sheet assets (liabilities): Other assets $ 380 $ 607 Accrued liabilities (596 ) (893 ) Other liabilities (4,290 ) (4,026 ) Net amount recognized $ (4,506 ) $ (4,312 ) Pension plans with accumulated benefit obligation in excess of plan assets: Projected benefit obligation $ 25,566 $ 24,843 Accumulated benefit obligation 25,566 24,843 Fair value of plan assets 20,680 19,924 December 31, 2020 2019 Projected benefit obligation and net periodic pension cost assumptions: Discount rate – projected benefit obligation 2.25% 3.15% Discount rate – net periodic pension cost 3.15 4.25 Rate of compensation increase N/A 4.00 Expected long-term rate of return on plan assets 3.05 – 3.40 3.65 – 3.90 Weighted average asset allocation: Equity securities 17% 18% Debt securities 80 78 Other 3 4 Total 100% 100% The fair values of our pension plan assets as of December 31, 2020 Significant Quoted Prices Other In Active Observable Markets Inputs (Level 1) (Level 2) Asset categories: Cash and cash equivalents $ 2,744 $ 0 Equity securities: U.S. Large Cap 2,272 0 U.S. Mid Cap 867 0 U.S. Small Cap 224 0 World Equity 2,256 0 Real Estate 391 0 Other 600 0 Fixed income securities 6,304 16,695 Total Plan Assets $ 15,658 $ 16,695 The fair values of our pension plan assets as of December 31, 2019 Significant Quoted Prices Other In Active Observable Markets Inputs (Level 1) (Level 2) Asset categories: Cash and cash equivalents $ 2,228 $ 0 Equity securities: U.S. Large Cap 1,935 0 U.S. Mid Cap 1,067 0 U.S. Small Cap 609 0 World Equity 2,214 0 Real Estate 546 0 Other 757 0 Fixed income securities 3,394 18,988 Total Plan Assets $ 12,750 $ 18,988 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 uses December 31 2021 $574,000, 2020 2019 0 55%, 35 100% 0 10% When establishing the expected long-term rate of return on our U.S. pension plan assets, the Company considered historical performance and forward looking return estimates reflective of our portfolio mix and investment strategy. Based on the most recent analysis of projected portfolio returns, the Company concluded that the use of 3.15% 3.40% 3.05% 2020 Actuarial gains and losses, which are primarily the result of changes in the discount rate and other assumptions and differences between actual and expected asset returns, are deferred in Accumulated other comprehensive loss and amortized to expense following the corridor approach. We use the average remaining service period of active participants unless almost all of the plan's participants are inactive, in which case we use the average remaining life expectancy for all active and inactive participants. Accumulated other comprehensive loss at December 31, 2020 $13,329,000 not 2020 2019 $631,000 $666,000, At December 31, 2020, five five 2021 $ 2,772 2022 2,707 2023 2,631 2024 2,565 2025 2,490 2026-2030 11,118 Total $ 24,283 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% $350,000 $392,000 2020 2019, 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 $199,000 $185,000 2020 2019, not

Note 16 - Commitments and Conti

Note 16 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	( 16 Commitments and Contingencies As of December 31, 2020, $15,365,000 The Company bears insurance risk as a member of a group captive insurance entity for certain general liability, automobile and workers' compensation insurance programs 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 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. Additionally, certain property previously sold by the Company has been designated as a Brownfield Site and has been approved for development by the purchaser. As of December 31, 2020 2019, no 3 10 On December 27, 2017, 401 not On February 17, 2017, February 28, 2020.

Note 17 - Stock Option and Purc

Note 17 - Stock Option and Purchase Plans	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	( 17 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 3,476,021 2015 May 12, 2020, 2015 2020 4,596,271 2020 2010 2015 2020 December 31, 2020 2019 3,598,271 1,153,271, The 2015 2020 three not Under the plans, the Company may may not 2015 2020 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. Forfeitures are recorded as they occur. Stock based compensation expense of $426,000 $469,000 December 31, 2020 2019, 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, 2020 2019 Expected life (years) 4 4.0 Expected volatility 52.6 % 53.9 % Risk-free interest rates 0.34 % 2.30 % Expected dividend yield 0.0 % 0.0 % A summary of the restricted stock activity is as follows: Weighted- Weighted- average average Aggregate Number of Grant Date Remaining Intrinsic Shares Fair Value Term Value Nonvested shares at January 1, 2020 324,500 $ 1.03 Granted 0 0 Vested (324,500 ) 1.03 Forfeited 0 0 Nonvested shares at December 31, 2020 0 $ 0 0 $ 0 The total fair value of shares vested during 2020 2019 $392,000 $533,000, The following table summarizes option activity for the year ended December 31, 2020: Weighted- Weighted- average average Aggregate Number of Exercise Price Remaining Intrinsic Shares Per Share Term Value Outstanding at January 1, 2020 2,567,750 $ 1.26 Granted 930,000 0.82 Exercised (306,500 ) 0.96 Forfeited 0 0 Expired (445,000 ) 1.5 Outstanding at December 31, 2020 2,746,250 $ 1.10 2.97 1,211,995 Exercisable at December 31, 2020 517,000 $ 1.04 0.74 250,500 The weighted average grant date fair value based on the Black-Scholes option pricing model for options granted in the years ended December 31, 2020 2019 $0.33 $0.46 306,500 2020 $392,000. no 2019. As of December 31, 2020, $423,000 1.1 December 31, 2020 2019 $113,000 $318,000,

Note 18 - Stockholders' Equity

Note 18 - Stockholders' Equity	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	( 18 Stockholders Equity As of December 31, 2020 2019, 24,850 October 2011. no no 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, 2020 2019 Foreign currency translation adjustments, net of tax $ (10,847 ) $ (10,623 ) Employee benefit related adjustments – U.S, net of tax. (13,867 ) (13,544 ) Employee benefit related adjustments – Mexico, net of tax 16 116 Accumulated other comprehensive loss $ (24,698 ) $ (24,051 ) Changes in each component of accumulated other comprehensive loss consisted of the following: Accumulated Foreign Defined Other Currency Benefit Comprehensive Translation Plans Loss Balance at January 1, 2019 $ (10,967 ) $ (13,875 ) $ (24,842 ) Currency translation adjustments, net of tax 344 0 344 Net actuarial loss for the year, net of tax 0 (64 ) (64 ) Amortization for the year, net of tax 0 511 511 Balance at December 31, 2019 $ (10,623 ) $ (13,428 ) $ (24,051 ) Currency translation adjustments, net of tax (224 ) 0 (224 ) Net actuarial loss for the year, net of tax 0 (1,054 ) (1,054 ) Amortization for the year, net of tax 0 631 631 Balance at December 31, 2020 $ (10,847 ) $ (13,851 ) $ (24,698 )

Note 19 - Income Taxes

Note 19 - Income Taxes	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Income Tax Disclosure [Text Block]	( 19 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. The components of income (loss) before taxes are as follows (in thousands): Year ended December 31, 2020 2019 Domestic $ (3,115 ) $ (5,337 ) Foreign 1,823 1,384 Total $ (1,292 ) $ (3,953 ) The components of income tax (benefit) expense are as follows (in thousands): Year ended December 31, 2020 2019 Current: Federal $ 0 $ 0 State (125 ) (14 ) Foreign 235 270 Total current income tax expense 110 256 Deferred: Federal 0 (217 ) State 0 (23 ) Foreign (3,070 ) (20 ) Total deferred income tax (benefit) expense (3,070 ) (260 ) Income tax (benefit) expense, net $ (2,960 ) $ (4 ) 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 Income Taxes, Topic 740 740 740 not not $3,717,000 December 31, 2020. Based on the Company's consideration of all positive and negative evidence, including the future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations, the Company has established a valuation allowance against all U.S. deferred tax assets. Until an appropriate level and characterization of profitability is attained, the Company expects to continue to maintain a valuation allowance on its net deferred tax assets related to future U.S. tax benefits. 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, 2019 2019 23.3% December 31, 2019 $240,000 December 31, 2019 $240,000. no December 31, 2020. On December 22, 2017, one 35% 21% January 1, 2018. one 1986 December 31, 2017. not The Company files a consolidated federal income tax return which includes all domestic subsidiaries. State income taxes paid in the U.S. during 2020 2019 $13,000 $37,000, 2020 2019 $5,000 $51,000, 2020 2019 $206,000 $293,000, no 2020 2019. no 2020 2019. $92,000 2020 2019. December 31, 2020, $140,310,000 2018 $134,501,000 2026 2037. 2018 December 31, 2020 $5,809,000. At December 31, 2020, $105,284,000 $57,524,000 $47,760,000 2018 $102,085,000 2026 2037. 2018 December 31, 2020 $3,199,000. 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, 2020 2019 Federal tax expense at the statutory rate $ (271 ) $ (830 ) Current year permanent differences 273 257 State income taxes, net of federal tax impact (166 ) (131 ) Effect of tax rates of foreign subsidiaries 151 125 Currency translation effect on temporary differences 223 312 Change in valuation allowance (2,994 ) (497 ) Intraperiod tax allocation 0 (240 ) State NOL carryforwards (471 ) 1,446 Other items 295 (446 ) Income tax (benefit) expense, net $ (2,960 ) $ (4 ) The gross deferred tax asset for the Company's Mexican subsidiaries was $3,604,000 $4,054,000 December 31, 2020 2019, Deferred income tax assets and liabilities are as follows (in thousands): December 31, 2020 2019 Deferred tax assets: Compensation and benefit accruals $ 386 $ 359 Inventory valuation 877 866 Federal and state net operating loss carryforwards 33,851 32,470 Deferred revenue 391 975 Accounts receivable allowance 7 8 Depreciation 0 85 Defined benefit pension plan 708 591 Lease liabilities 1,193 1,334 Foreign deferred revenue and other provisions 3,604 4,054 Other 718 661 Total 41,735 41,403 Domestic valuation allowance (37,015 ) (36,217 ) Foreign valuation allowance 0 (3,717 ) Total deferred tax assets 4,720 1,469 Deferred tax liabilities: Depreciation (114 ) 0 Right-of-use assets, net (1,002 ) (1,132 ) Total deferred tax liabilities (1,116 ) (1,132 ) Net deferred tax asset $ 3,604 $ 337 The ASC Income Tax Topic 740 two December 31, 2020 2019 $200,000 no December 31, 2020 2019. If the Company's positions are sustained by the taxing authority, the entire balance at December 31, 2020 not 12 December 31, 2020 2019, 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 2017 2019,

Note 20 - Earnings (Loss) Per C

Note 20 - Earnings (Loss) Per Common Share	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Earnings Per Share [Text Block]	( 20 Earnings (Loss) 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. There were 2,314,000 December 31, 2020 December 31, 2019 A reconciliation of the weighted average shares outstanding used in the calculation of basic and diluted income (loss) per common share is as follows (in thousands): Year ended December 31, 2020 2019 Income (loss) attributable to stockholders: Net income (loss) as reported $ 1,668 $ (3,949 ) Less distributed and undistributed earnings allocable to restricted award holders 0 0 Net income (loss) allocable to common stockholders $ 1,668 $ (3,949 ) Income (loss) per common share attributable to stockholders: Basic $ 0.08 $ (0.19 ) Diluted $ 0.08 $ (0.19 ) Weighted average shares outstanding – basic 21,084 20,865 Weighted average additional shares assuming conversion of potential common shares 2 0 Weighted average shares outstanding – diluted 21,086 20,865

Note 21 - Segment Information

Note 21 - Segment Information	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	( 21 Segment Information The Company is organized into two no The Company includes the unallocated costs of its corporate office, including the employment costs of its senior management team and other corporate personnel, administrative costs and net corporate interest expense incurred at the corporate level under the caption “General, corporate and other” in the table below. Such unallocated costs include those for centralized information technology, finance, legal and human resources support teams, certain professional fees, director fees, corporate office rent, certain self-insurance costs and recoveries, software license fees and various other administrative expenses that are not not The following table presents financial information for the reportable segments of the Company (in thousands): Year ended December 31, 2020 2019 Net revenue from unaffiliated customers: Sypris Technologies $ 45,321 $ 61,683 Sypris Electronics 37,025 26,208 $ 82,346 $ 87,891 Year ended December 31, 2020 2019 Gross profit: Sypris Technologies $ 6,164 $ 9,785 Sypris Electronics 5,401 98 $ 11,565 $ 9,883 Operating income (loss): Sypris Technologies $ 1,731 $ 4,257 Sypris Electronics 2,591 (2,999 ) General, corporate and other (4,232 ) (5,564 ) $ 90 $ (4,306 ) Interest expense, net: Sypris Technologies $ 251 $ 377 Sypris Electronics 25 63 General, corporate and other 562 463 $ 838 $ 903 Other expense (income), net: Sypris Technologies $ 547 $ 272 Sypris Electronics (3 ) (33 ) General, corporate and other 0 (1,495 ) $ 544 $ (1,256 ) Income (loss) before income taxes: Sypris Technologies $ 935 $ 3,609 Sypris Electronics 2,567 (3,029 ) General, corporate and other (4,794 ) (4,533 ) $ (1,292 ) $ (3,953 ) Income tax expense (benefit), net: Sypris Technologies $ (2,835 ) $ 250 Sypris Electronics 0 0 General, corporate and other (125 ) (254 ) $ (2,960 ) $ (4 ) Depreciation and amortization: Sypris Technologies $ 1,791 $ 1,927 Sypris Electronics 529 506 General, corporate and other 183 238 $ 2,503 $ 2,671 Capital expenditures: Sypris Technologies $ 1,355 $ 693 Sypris Electronics 138 97 General, corporate and other 49 69 $ 1,542 $ 859 December 31, 2020 2019 Total assets: Sypris Technologies $ 31,425 $ 29,694 Sypris Electronics 18,620 24,985 General, corporate and other 10,663 5,377 $ 60,708 $ 60,056 December 31, 2020 2019 Total liabilities: Sypris Technologies $ 19,974 $ 19,989 Sypris Electronics 13,545 17,416 General, corporate and other 12,414 9,220 $ 45,933 $ 46,625 The Company's export sales from the U.S. totaled $3,423,000 $7,239,000 2020 2019, $29,812,000 $40,536,000 2020 2019, $5,819,000 $6,669,000 December 31, 2020 2019, $14,344,000 $9,899,000 December 31, 2020 2019

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2020
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 21
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 and the COVID- 19 19 19
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 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 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 The Company classifies 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 4
Lessee, Leases [Policy Text Block]	Leases Our lease portfolio represents leases of real estate, including manufacturing, assembly and office facilities, while the remainder represents leases of personal property, including manufacturing and information technology equipment. We have lease agreements with lease and non-lease components, which are accounted for as a single lease component. Leases with an initial term of 12 not
Share-based Payment Arrangement [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 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 Goods and Service [Policy Text Block]	Net Revenue and Cost of Sales The Company recognizes revenue when it satisfies a performance obligation by transferring control of a promised product or rendering a service to a customer. The amount of revenue recognized reflects the consideration the Company expects to be entitled to in exchange for the product or service (the “transaction price”). The Company's transaction price in its contracts with customers is generally fixed; no not not A performance obligation is a promise in a contract to transfer a distinct product or render a service to a customer and is the unit of account to which the transaction price is allocated under ASC 606, Revenue from Contracts with Customers 606” For contracts where Sypris Electronics serves as a contractor for aerospace and defense companies under federally funded programs, we generally recognize revenue over time as we perform due to the continuous transfer of control to the customer. This continuous transfer of control to the customer is supported by clauses in the contracts that allow the customer to unilaterally terminate the contract for convenience, pay us for costs incurred plus a reasonable profit and take control of any work in process. Because control is transferred over time, revenue is recognized based on the extent of progress towards completion of the performance obligation. We use labor hours incurred as a measure of progress for these contracts because it best depicts the Company's performance of the obligation to the customer, which occurs as we incur labor on our contracts. Under this measure of progress, the extent of progress towards completion is measured based on the ratio of labor hours incurred to date to the total estimated labor hours at completion of the performance obligation. Our contract profit margins may not
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, 2020 2019, $638,000 $569,000, December 31, 2020 2019 $294,000 $156,000,
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 53% December 31, 2020 four 17%, 14%, 11% 11%, December 31, 2020 27% December 31, 2019 two 17% 10%, December 31, 2019 The Company's largest customers for the year ended December 31, 2020 22%, 14% 12%, December 31, 2019, 22%, 14% 11%, No 10% December 31, 2020 2019.
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 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 386, 58% December 31, 2020. no 12 53% 350 December 31, 2020.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Standards In August 2018, 2018 14, Compensation Retirement Benefits Defined Benefit Plans General, Disclosure Framework Changes to the Disclosure Requirements for Defined Benefit Plans January 1, 2020. not In August 2018, 2018 15, Intangibles-Goodwill and Other-Internal-Use Software: Customer s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract 2018 15 2018 15 2018 48 January 1, 2020, not may In June 2016, 2016 13, Credit Losses Measurement of Credit Losses on Financial Instruments January 1, 2023, not In December 2019, 2019 12, Income Taxes Simplifying the Accounting for Income Taxes January 1, 2021 not not
Reclassification, Comparability Adjustment [Policy Text Block]	Reclassifications Certain amounts in the Company's 2019 2020 no

Note 2 - Leases (Tables)

Note 2 - Leases (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Lease, Cost [Table Text Block]	December 31, 2020 2019 Finance lease expense: Amortization expense $ 425 $ 481 Interest expense 261 348 Operating lease expense 1,406 1,406 Variable lease expense 317 272 Total lease expense $ 2,409 $ 2,507
Supplemental Cash Flow Information Related to Leases [Table Text Block]	December 31, 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,363 $ 1,436 Operating cash flows from finance leases 261 348 Financing cash flows from finance leases 715 632
Lessee, Operating and Finance Lease, Liability, Maturity [Table Text Block]	Operating Finance Leases Leases Next 12 months $ 1,476 $ 612 12 to 24 months 1,492 612 24 to 36 months 1,509 612 36 to 48 months 1,318 559 48 to 60 months 1,231 550 Thereafter 1,700 46 Total lease payments 8,726 2,991 Less imputed interest (1,820 ) (671 ) Total $ 6,906 $ 2,320
Lease Terms and Discount Rates for Leases [Table Text Block]	December 31, 2020 2019 Weighted-average remaining lease term (years): Operating leases 6.2 7.1 Finance leases 4.9 5.3 Weighted-average discount rate (percentage): Operating leases 8.0 8.0 Finance leases 10.2 10.3

Note 3 - Revenue from Contrac_2

Note 3 - Revenue from Contracts with Customers (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Disaggregation of Revenue [Table Text Block]	December 31, 2020 2019 Sypris Technologies – transferred point in time $ 45,321 $ 61,683 Sypris Electronics – transferred point in time 6,550 6,201 Sypris Electronics – transferred over time 30,475 20,007 Net revenue $ 82,346 $ 87,891

Note 4 - Assets Held for Sale (

Note 4 - Assets Held for Sale (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Disposal Groups, Including Discontinued Operations [Table Text Block]	December 31, 2020 2019 Property, plant and equipment $ 1,387 $ 13,346 Accumulated depreciation (975 ) (11,113 ) Property, plant and equipment, net $ 412 $ 2,233

Note 6 - Accounts Receivable (T

Note 6 - Accounts Receivable (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	December 31, 2020 2019 Commercial $ 7,264 $ 7,494 Allowance for doubtful accounts (30 ) (50 ) Net $ 7,234 $ 7,444

Note 7 - Inventory (Tables)

Note 7 - Inventory (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Schedule of Inventory, Current [Table Text Block]	December 31, 2020 2019 Raw materials $ 11,118 $ 15,139 Work in process 6,210 5,889 Finished goods 762 1,675 Reserve for excess and obsolete inventory (1,854 ) (1,919 ) Total $ 16,236 $ 20,784

Note 8 - Other Current Assets (

Note 8 - Other Current Assets (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Schedule of Other Current Assets [Table Text Block]	December 31, 2020 2019 Prepaid expenses $ 911 $ 835 Contract assets 1,240 906 Other 1,797 2,541 Total $ 3,948 $ 4,282

Note 9 - Property, Plant and _2

Note 9 - Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Property, Plant and Equipment [Table Text Block]	December 31, 2020 2019 Land and land improvements $ 43 $ 50 Buildings and building improvements 7,747 8,108 Machinery, equipment, furniture and fixtures 55,620 55,520 Construction in progress 609 371 64,019 64,049 Accumulated depreciation (53,858 ) (52,374 ) $ 10,161 $ 11,675 December 31, 2020 2019 Buildings and building improvements $ 2,955 $ 3,128 Machinery, equipment, furniture and fixtures 269 1,546 3,224 4,674 Accumulated depreciation (1,522 ) (1,495 ) $ 1,702 $ 3,179

Note 10 - Other Assets (Tables)

Note 10 - Other Assets (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Schedule of Other Assets [Table Text Block]	December 31, 2020 2019 Long term spare parts $ 494 $ 183 Long term deposits 286 396 Pension asset 380 607 Deferred tax asset, net 3,604 172 Other 244 171 Total $ 5,008 $ 1,529

Note 11 - Accrued Liabilities (

Note 11 - Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	December 31, 2020 2019 Salaries, wages, employment taxes and withholdings $ 2,793 $ 2,416 Employee benefit plans 1,216 1,517 Accrued professional fees 695 966 Income, property and other taxes 253 355 Contract liabilities 6,816 5,769 Deferred gain from sale-leaseback 296 313 Other 1,340 1,159 Total $ 13,409 $ 12,495

Note 12 - Other Liabilities (Ta

Note 12 - Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Other Liabilities [Table Text Block]	December 31, 2020 2019 Noncurrent pension liability $ 4,290 $ 4,026 Deferred gain from sale leaseback 1,231 1,616 Other 1,008 1,897 Total $ 6,529 $ 7,539

Note 13 - Debt (Tables)

Note 13 - Debt (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	December 31, 2020 2019 Current: Finance lease obligation, current portion $ 393 $ 684 PPP Loan, current portion 1,186 0 Current portion of long term debt and finance lease obligations $ 1,579 $ 684 Long Term: Finance lease obligations $ 1,927 $ 2,351 PPP Loan 2,372 0 Note payable – related party 6,500 6,500 Less unamortized debt issuance and modification costs (23 ) (37 ) Long term debt and finance lease obligations, net of unamortized debt costs $ 10,776 $ 8,814

Note 15 - Employee Benefit Pl_2

Note 15 - Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Schedule of Net Benefit Costs [Table Text Block]	Year ended December 31, 2020 2019 Service cost $ 5 $ 4 Interest cost on projected benefit obligation 1,084 1,407 Net amortization of actuarial loss 631 666 Expected return on plan assets (987 ) (1,103 ) Net periodic benefit cost $ 733 $ 974
Net Periodic Benefit Cost Recognized in Income Statement [Table Text Block]	Year ended December 31, 2020 2019 Service cost: Selling, general and administrative expenses $ 5 4 Other net periodic benefit costs: Other expense (income), net 728 970 Total $ 733 $ 974
Schedule of Changes in Projected Benefit Obligations [Table Text Block]	December 31, 2020 2019 Change in benefit obligation: Benefit obligation at beginning of year $ 36,050 $ 34,690 Service cost 5 4 Interest cost 1,084 1,407 Actuarial loss 2,516 2,835 Benefits paid (2,796 ) (2,886 ) Benefit obligation at end of year $ 36,859 $ 36,050 December 31, 2020 2019 Change in plan assets: Fair value of plan assets at beginning of year $ 31,738 $ 30,199 Actual return on plan assets 2,549 4,043 Company contributions 862 382 Benefits paid (2,796 ) (2,886 ) Fair value of plan assets at end of year $ 32,353 $ 31,738 Underfunded status of the plans $ (4,506 ) $ (4,312 ) Balance sheet assets (liabilities): Other assets $ 380 $ 607 Accrued liabilities (596 ) (893 ) Other liabilities (4,290 ) (4,026 ) Net amount recognized $ (4,506 ) $ (4,312 ) Pension plans with accumulated benefit obligation in excess of plan assets: Projected benefit obligation $ 25,566 $ 24,843 Accumulated benefit obligation 25,566 24,843 Fair value of plan assets 20,680 19,924 December 31, 2020 2019 Projected benefit obligation and net periodic pension cost assumptions: Discount rate – projected benefit obligation 2.25% 3.15% Discount rate – net periodic pension cost 3.15 4.25 Rate of compensation increase N/A 4.00 Expected long-term rate of return on plan assets 3.05 – 3.40 3.65 – 3.90 Weighted average asset allocation: Equity securities 17% 18% Debt securities 80 78 Other 3 4 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 $ 2,744 $ 0 Equity securities: U.S. Large Cap 2,272 0 U.S. Mid Cap 867 0 U.S. Small Cap 224 0 World Equity 2,256 0 Real Estate 391 0 Other 600 0 Fixed income securities 6,304 16,695 Total Plan Assets $ 15,658 $ 16,695 Significant Quoted Prices Other In Active Observable Markets Inputs (Level 1) (Level 2) Asset categories: Cash and cash equivalents $ 2,228 $ 0 Equity securities: U.S. Large Cap 1,935 0 U.S. Mid Cap 1,067 0 U.S. Small Cap 609 0 World Equity 2,214 0 Real Estate 546 0 Other 757 0 Fixed income securities 3,394 18,988 Total Plan Assets $ 12,750 $ 18,988
Schedule of Expected Benefit Payments [Table Text Block]	2021 $ 2,772 2022 2,707 2023 2,631 2024 2,565 2025 2,490 2026-2030 11,118 Total $ 24,283

Note 17 - Stock Option and Pu_2

Note 17 - Stock Option and Purchase Plans (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]	Year ended December 31, 2020 2019 Expected life (years) 4 4.0 Expected volatility 52.6 % 53.9 % Risk-free interest rates 0.34 % 2.30 % Expected dividend yield 0.0 % 0.0 %
Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]	Weighted- Weighted- average average Aggregate Number of Grant Date Remaining Intrinsic Shares Fair Value Term Value Nonvested shares at January 1, 2020 324,500 $ 1.03 Granted 0 0 Vested (324,500 ) 1.03 Forfeited 0 0 Nonvested shares at December 31, 2020 0 $ 0 0 $ 0
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Weighted- Weighted- average average Aggregate Number of Exercise Price Remaining Intrinsic Shares Per Share Term Value Outstanding at January 1, 2020 2,567,750 $ 1.26 Granted 930,000 0.82 Exercised (306,500 ) 0.96 Forfeited 0 0 Expired (445,000 ) 1.5 Outstanding at December 31, 2020 2,746,250 $ 1.10 2.97 1,211,995 Exercisable at December 31, 2020 517,000 $ 1.04 0.74 250,500

Note 18 - Stockholders' Equity

Note 18 - Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Schedule of Stockholders Equity [Table Text Block]	December 31, 2020 2019 Foreign currency translation adjustments, net of tax $ (10,847 ) $ (10,623 ) Employee benefit related adjustments – U.S, net of tax. (13,867 ) (13,544 ) Employee benefit related adjustments – Mexico, net of tax 16 116 Accumulated other comprehensive loss $ (24,698 ) $ (24,051 )
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Accumulated Foreign Defined Other Currency Benefit Comprehensive Translation Plans Loss Balance at January 1, 2019 $ (10,967 ) $ (13,875 ) $ (24,842 ) Currency translation adjustments, net of tax 344 0 344 Net actuarial loss for the year, net of tax 0 (64 ) (64 ) Amortization for the year, net of tax 0 511 511 Balance at December 31, 2019 $ (10,623 ) $ (13,428 ) $ (24,051 ) Currency translation adjustments, net of tax (224 ) 0 (224 ) Net actuarial loss for the year, net of tax 0 (1,054 ) (1,054 ) Amortization for the year, net of tax 0 631 631 Balance at December 31, 2020 $ (10,847 ) $ (13,851 ) $ (24,698 )

Note 19 - Income Taxes (Tables)

Note 19 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	Year ended December 31, 2020 2019 Domestic $ (3,115 ) $ (5,337 ) Foreign 1,823 1,384 Total $ (1,292 ) $ (3,953 )
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Year ended December 31, 2020 2019 Current: Federal $ 0 $ 0 State (125 ) (14 ) Foreign 235 270 Total current income tax expense 110 256 Deferred: Federal 0 (217 ) State 0 (23 ) Foreign (3,070 ) (20 ) Total deferred income tax (benefit) expense (3,070 ) (260 ) Income tax (benefit) expense, net $ (2,960 ) $ (4 )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Year ended December 31, 2020 2019 Federal tax expense at the statutory rate $ (271 ) $ (830 ) Current year permanent differences 273 257 State income taxes, net of federal tax impact (166 ) (131 ) Effect of tax rates of foreign subsidiaries 151 125 Currency translation effect on temporary differences 223 312 Change in valuation allowance (2,994 ) (497 ) Intraperiod tax allocation 0 (240 ) State NOL carryforwards (471 ) 1,446 Other items 295 (446 ) Income tax (benefit) expense, net $ (2,960 ) $ (4 )
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	December 31, 2020 2019 Deferred tax assets: Compensation and benefit accruals $ 386 $ 359 Inventory valuation 877 866 Federal and state net operating loss carryforwards 33,851 32,470 Deferred revenue 391 975 Accounts receivable allowance 7 8 Depreciation 0 85 Defined benefit pension plan 708 591 Lease liabilities 1,193 1,334 Foreign deferred revenue and other provisions 3,604 4,054 Other 718 661 Total 41,735 41,403 Domestic valuation allowance (37,015 ) (36,217 ) Foreign valuation allowance 0 (3,717 ) Total deferred tax assets 4,720 1,469 Deferred tax liabilities: Depreciation (114 ) 0 Right-of-use assets, net (1,002 ) (1,132 ) Total deferred tax liabilities (1,116 ) (1,132 ) Net deferred tax asset $ 3,604 $ 337

Note 20 - Earnings (Loss) Per_2

Note 20 - Earnings (Loss) Per Common Share (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Year ended December 31, 2020 2019 Income (loss) attributable to stockholders: Net income (loss) as reported $ 1,668 $ (3,949 ) Less distributed and undistributed earnings allocable to restricted award holders 0 0 Net income (loss) allocable to common stockholders $ 1,668 $ (3,949 ) Income (loss) per common share attributable to stockholders: Basic $ 0.08 $ (0.19 ) Diluted $ 0.08 $ (0.19 ) Weighted average shares outstanding – basic 21,084 20,865 Weighted average additional shares assuming conversion of potential common shares 2 0 Weighted average shares outstanding – diluted 21,086 20,865

Note 21 - Segment Information (

Note 21 - Segment Information (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Year ended December 31, 2020 2019 Net revenue from unaffiliated customers: Sypris Technologies $ 45,321 $ 61,683 Sypris Electronics 37,025 26,208 $ 82,346 $ 87,891 Year ended December 31, 2020 2019 Gross profit: Sypris Technologies $ 6,164 $ 9,785 Sypris Electronics 5,401 98 $ 11,565 $ 9,883 Operating income (loss): Sypris Technologies $ 1,731 $ 4,257 Sypris Electronics 2,591 (2,999 ) General, corporate and other (4,232 ) (5,564 ) $ 90 $ (4,306 ) Interest expense, net: Sypris Technologies $ 251 $ 377 Sypris Electronics 25 63 General, corporate and other 562 463 $ 838 $ 903 Other expense (income), net: Sypris Technologies $ 547 $ 272 Sypris Electronics (3 ) (33 ) General, corporate and other 0 (1,495 ) $ 544 $ (1,256 ) Income (loss) before income taxes: Sypris Technologies $ 935 $ 3,609 Sypris Electronics 2,567 (3,029 ) General, corporate and other (4,794 ) (4,533 ) $ (1,292 ) $ (3,953 ) Income tax expense (benefit), net: Sypris Technologies $ (2,835 ) $ 250 Sypris Electronics 0 0 General, corporate and other (125 ) (254 ) $ (2,960 ) $ (4 ) Depreciation and amortization: Sypris Technologies $ 1,791 $ 1,927 Sypris Electronics 529 506 General, corporate and other 183 238 $ 2,503 $ 2,671 Capital expenditures: Sypris Technologies $ 1,355 $ 693 Sypris Electronics 138 97 General, corporate and other 49 69 $ 1,542 $ 859
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	December 31, 2020 2019 Total assets: Sypris Technologies $ 31,425 $ 29,694 Sypris Electronics 18,620 24,985 General, corporate and other 10,663 5,377 $ 60,708 $ 60,056 December 31, 2020 2019 Total liabilities: Sypris Technologies $ 19,974 $ 19,989 Sypris Electronics 13,545 17,416 General, corporate and other 12,414 9,220 $ 45,933 $ 46,625

Note 1 - Organization and Sig_2

Note 1 - Organization and Significant Accounting Policies (Details Textual)	12 Months Ended
	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Number of Operating Segments	2
Standard and Extended Product Warranty Accrual, Ending Balance	$ 638,000	$ 569,000
Product Warranty Expense	$ 294,000	$ 156,000
Multi Employer Plans Collective Bargaining Arrangement Number of Participants	386
Multiemployer Plan, Pension, Significant, Employees Covered by Collective-Bargaining Arrangement to All Participants, Percentage	58.00%
Employee Benefit Related Adjustments Mexico [Member]
Multi Employer Plans Collective Bargaining Arrangement Number of Participants	350
Multiemployer Plan, Pension, Significant, Employees Covered by Collective-Bargaining Arrangement to All Participants, Percentage	53.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member]
Concentration Risk, Percentage	53.00%	27.00%
Number of Major Customers	4	2
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer Sistemas [Member]
Concentration Risk, Percentage	17.00%	17.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer Detroit Diesel [Member]
Concentration Risk, Percentage	14.00%	10.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | CECO Peerless [Member]
Concentration Risk, Percentage	11.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Tremec [Member]
Concentration Risk, Percentage	11.00%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer Sistemas [Member]
Concentration Risk, Percentage	14.00%	22.00%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer Detroit Diesel [Member]
Concentration Risk, Percentage	12.00%	14.00%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Northrop Grumman [Member]
Concentration Risk, Percentage	22.00%	11.00%
Land Improvements, Buildings and Building Improvements [Member]
Property, Plant and Equipment, Useful Life (Year)	40 years
Machinery, Equipment, Furniture, and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)	3 years
Machinery, Equipment, Furniture, and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)	15 years

Note 2 - Leases (Details Textua

Note 2 - Leases (Details Textual) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Lessee, Operating Lease, Renewal Term (Year)	5 years
Operating Lease, Right-of-Use Asset	$ 6,103,000	$ 7,014,000
Operating Lease, Liability, Total	$ 6,906,000	$ 7,747,000
Minimum [Member]
Lessee, Operating Lease, Term of Contract (Year)	10 years
Maximum [Member]
Lessee, Operating Lease, Term of Contract (Year)	11 years

Note 2 - Leases - Lease Expense

Note 2 - Leases - Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Amortization expense	$ 425	$ 481
Interest expense	261	348
Operating lease expense	1,406	1,406
Variable lease expense	317	272
Total lease expense	$ 2,409	$ 2,507

Note 2 - Leases - Supplemental

Note 2 - Leases - Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Operating cash flows from operating leases	$ 1,363	$ 1,436
Operating cash flows from finance leases	261	348
Financing cash flows from finance leases	$ 715	$ 632

Note 2 - Leases - Maturities of

Note 2 - Leases - Maturities of Lease Liabilities (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Next 12 months, Operating Leases	$ 1,476,000
Next 12 months, Finance Leases	612,000
12 to 24 months, Operating Leases	1,492,000
12 to 24 months, Finance Leases	612,000
24 to 36 months, Operating Leases	1,509,000
24 to 36 months, Finance Leases	612,000
36 to 48 months, Operating Leases	1,318,000
36 to 48 months, Finance Leases	559,000
48 to 60 months, Operating Leases	1,231,000
48 to 60 months, Finance Leases	550,000
Thereafter, Operating Leases	1,700,000
Thereafter, Finance Leases	46,000
Total lease payments, Operating Leases	8,726,000
Total lease payments, Finance Leases	2,991,000
Less imputed interest, Operating Leases	(1,820,000)
Less imputed interest, Finance Leases	(671,000)
Total, Operating Leases	6,906,000	$ 7,747,000
Total, Finance Leases	$ 2,320,000

Note 2 - Leases - Information R

Note 2 - Leases - Information Related to Lease Terms and Discount Rates (Details)	Dec. 31, 2020	Dec. 31, 2019
Operating leases (Year)	6 years 73 days	7 years 36 days
Finance leases (Year)	4 years 328 days	5 years 109 days
Operating leases	8.00%	8.00%
Finance leases	10.20%	10.30%

Note 3 - Revenue from Contrac_3

Note 3 - Revenue from Contracts with Customers 1 (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Revenue, Remaining Performance Obligation, Amount	$ 30,324,000
Contract with Customer, Asset, after Allowance for Credit Loss, Current, Total	1,240,000	$ 906,000
Contract with Customer, Liability, Total	7,339,000	7,504,000
Contract with Customer, Liability, Current	6,816,000	5,769,000
Contract with Customer, Liability, Revenue Recognized From Contract Liabilities	7,619,000	5,109,000
Other Current Assets [Member]
Contract with Customer, Asset, after Allowance for Credit Loss, Current, Total	1,240,000	906,000
Accrued Liabilities [Member]
Contract with Customer, Liability, Current	6,816,000	5,769,000
Other Noncurrent Liabilities [Member]
Contract with Customer, Liability, Noncurrent	$ 523,000	$ 1,735,000

Note 3 - Revenue from Contrac_4

Note 3 - Revenue from Contracts with Customers 2 (Details Textual) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01	Dec. 31, 2020
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	1 year
Revenue, Remaining Performance Obligation, Percentage	61.00%

Note 3 - Revenue from Contrac_5

Note 3 - Revenue from Contracts with Customers - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Net revenue	$ 82,346	$ 87,891
Sypris Technologies [Member]
Net revenue	45,321	61,683
Sypris Technologies [Member] | Transferred at Point in Time [Member]
Net revenue	45,321	61,683
Sypris Electronics [Member]
Net revenue	37,025	26,208
Sypris Electronics [Member] | Transferred at Point in Time [Member]
Net revenue	6,550	6,201
Sypris Electronics [Member] | Transferred over Time [Member]
Net revenue	$ 30,475	$ 20,007

Note 4 - Assets Held for Sale_2

Note 4 - Assets Held for Sale (Details Textual) - Transition of Production from the Broadway Plant [Member] - USD ($)	Apr. 13, 2020	Dec. 31, 2020
Proceeds from Sale of Real Estate, Total	$ 1,700,000
Proceeds from Sale of Other Property, Plant, and Equipment		$ 268,000

Note 4 - Assets Held for Sale -

Note 4 - Assets Held for Sale - Segregation of Assets Held for Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Property, plant and equipment	$ 1,387	$ 13,346
Accumulated depreciation	(975)	(11,113)
Property, plant and equipment, net	$ 412	$ 2,233

Note 5 - Other Expense (Incom_2

Note 5 - Other Expense (Income), Net (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Other Nonoperating Income (Expense), Total	$ (544,000)	$ 1,256,000
Proceeds from Sale of Property, Plant, and Equipment, Total	1,969,000	1,858,000
Gain (Loss) on Disposition of Property Plant Equipment, Before Abandonment Gain (Loss)	813,000
Assets Disposed of by Method Other than Sale, in Period of Disposition, Gain (Loss) on Disposition	(577,000)
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component	728,000	970,000
Gain Related to Settlement Agreement		1,500,000
Loss Contingency, Receivable, Proceeds		1,500,000
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property	236,000	654,000
Foreign Currency Transaction Gain (Loss), before Tax, Total		$ 152,000
Transition of Production from the Broadway Plant [Member]
Proceeds from Sale of Property, Plant, and Equipment, Total	1,700,000
Proceeds from Sale of Other Property, Plant, and Equipment	$ 268,000

Note 6 - Accounts Receivable -

Note 6 - Accounts Receivable - Accounts Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Account receivable, long-term contracts or programs	$ 7,264	$ 7,494
Allowance for doubtful accounts	(30)	(50)
Net	$ 7,234	$ 7,444

Note 7 - Inventory - Inventory

Note 7 - Inventory - Inventory Components (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Raw materials	$ 11,118	$ 15,139
Work in process	6,210	5,889
Finished goods	762	1,675
Reserve for excess and obsolete inventory	(1,854)	(1,919)
Total	$ 16,236	$ 20,784

Note 8 - Other Current Assets_2

Note 8 - Other Current Assets (Details Textual)	12 Months Ended
	Dec. 31, 2020
Percentage of Current Assets Included in Other Current Assets	5.00%

Note 8 - Other Current Assets -

Note 8 - Other Current Assets - Other Current Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Prepaid expenses	$ 911	$ 835
Contract assets	1,240	906
Other	1,797	2,541
Total	$ 3,948	$ 4,282

Note 9 - Property, Plant and _3

Note 9 - Property, Plant and Equipment (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Depreciation, Total	$ 2,503,000	$ 2,671,000

Note 9 - Property, Plant and _4

Note 9 - Property, Plant and Equipment - Property, Plant and Equipment Components (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Gross property, plant and equipment	$ 64,019	$ 64,049
Accumulated depreciation	(53,858)	(52,374)
Property plant and equipment net	10,161	11,675
Capital Leased Assets, Gross	3,224	4,674
Accumulated depreciation	(1,522)	(1,495)
Capital Leased Assets, Net	1,702	3,179
Land and Land Improvements [Member]
Gross property, plant and equipment	43	50
Building and Building Improvements [Member]
Gross property, plant and equipment	7,747	8,108
Capital Leased Assets, Gross	2,955	3,128
Machinery, Equipment, Furniture, and Fixtures [Member]
Capital Leased Assets, Gross	269	1,546
Property, Plant and Equipment, Other Types [Member]
Gross property, plant and equipment	55,620	55,520
Construction in Progress [Member]
Gross property, plant and equipment	$ 609	$ 371

Note 10 - Other Assets - Summar

Note 10 - Other Assets - Summary of Other Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Long term spare parts	$ 494	$ 183
Long term deposits	286	396
Pension asset	380	607
Deferred tax asset, net	3,604	172
Other	244	171
Total	$ 5,008	$ 1,529

Note 11 - Accrued Liabilities_2

Note 11 - Accrued Liabilities (Details Textual)	Dec. 31, 2020
Accrued Operating Expenses, Accrued Warranty Expenses, Accrued Interest, and Other Items	5.00%

Note 11 - Accrued Liabilities -

Note 11 - Accrued Liabilities - Summary of Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Salaries, wages, employment taxes and withholdings	$ 2,793	$ 2,416
Employee benefit plans	1,216	1,517
Accrued professional fees	695	966
Income, property and other taxes	253	355
Contract liabilities	6,816	5,769
Deferred gain from sale-leaseback	296	313
Other	1,340	1,159
Total	$ 13,409	$ 12,495

Note 12 - Other Liabilities (De

Note 12 - Other Liabilities (Details Textual)	Dec. 31, 2020
Accrued Long-term Warranty Expenses and Other Items, Percentage	5.00%

Note 12 - Other Liabilities - O

Note 12 - Other Liabilities - Other Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Noncurrent pension liability	$ 4,290	$ 4,026
Deferred gain from sale leaseback	1,231	1,616
Other	1,008	1,897
Total	$ 6,529	$ 7,539

Note 13 - Debt (Details Textual

Note 13 - Debt (Details Textual)	Apr. 01, 2019	Mar. 09, 2016USD ($)a	Mar. 09, 2016MXN ($)a	Dec. 31, 2020USD ($)	Jul. 05, 2020USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Mar. 31, 2019	Feb. 28, 2019USD ($)
Interest Costs Capitalized						$ 0	$ 0
Interest Paid, Excluding Capitalized Interest, Operating Activities						369,000	526,000
Proceeds from Notes Payable, Total						3,558,000	0
Proceeds from Sale of Property, Plant, and Equipment, Total						1,969,000	$ 1,858,000
Finance Lease, Liability, Total				$ 2,320,000		2,320,000
Machinery at Sypris Technologies Facility [Member]
Lessee, Finance Lease, Term of Contract (Year)									5 years
Finance Lease, Liability, Total				181,000		181,000			$ 269,000
Toluca Property [Member]
Area of Land (Acre) | a		24	24
Proceeds from Sale of Property, Plant, and Equipment, Total		$ 12,182,000	$ 215,000,000
Lessee, Finance Lease, Term of Contract (Year)		10 years	10 years
Sale Leaseback Transaction, Portion of Real Estate Property Leased Back to Seller (Acre) | a		9	9
Finance Lease, Liability, Total				$ 2,139,000		$ 2,139,000
Outstanding Borrowings [Member]
Debt, Weighted Average Interest Rate				5.50%		5.50%	8.00%
Paycheck Protection Program CARES Act [Member]
Proceeds from Notes Payable, Total					$ 3,558,000
Notes Payable, Total					$ 3,558,000
Promissory Notes with Maturity on April 1, 2021 and April 1, 2023 [Member] | Gill Family Capital Management [Member]
Subordinated Debt, Ending Balance				$ 6,500,000		$ 6,500,000	$ 6,500,000
Debt Instrument, Interest Rate, Stated Percentage								8.00%
Debt Instrument, Allowance for Payment Deferral Period (Month)				1 year		1 year 180 days
Debt Instrument, Maximum Allowance of Interest Due on Deferred Payments, Percent						60.00%
Promissory Note [Member] | Gill Family Capital Management [Member] | Five-year Treasury Note Average During Preceding 90-day Period [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, Ending Balance				$ 2,500,000		$ 2,500,000
Promissory Note with Maturity on April 1, 2023 [Member] | Gill Family Capital Management [Member]
Subordinated Debt, Ending Balance				$ 2,000,000		$ 2,000,000

Note 13 - Debt - Debt Component

Note 13 - Debt - Debt Components (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Finance lease obligations, current portion	$ 393	$ 684
PPP Loan, current portion	1,186	0
Current portion of long term debt and finance lease obligations	1,579	684
Finance lease obligations, net of current portion	1,927	2,351
PPP Loan	2,372	0
Note payable – related party	6,500	6,500
Less unamortized debt issuance and modification costs	(23)	(37)
Long term debt and finance lease obligations, net of unamortized debt costs	$ 10,776	$ 8,814

Note 15 - Employee Benefit Pl_3

Note 15 - Employee Benefit Plans (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan Maximum Period Allocated for Calculating Average Compensation (Year)	10 years
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year	$ 574,000
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), after Reclassification Adjustment, before Tax, Total	(13,329,000)
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, after Tax, Total	$ 631,000	$ 666,000
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	3.00%
Louisville Hourly Plan [Member]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	3.15%
Marion Plan [Member]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	3.40%
Louisville Salaried Plan [Member]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	3.05%
Defined Contribution Plan [Member]
Defined Contribution Plan, Cost	$ 350,000	392,000
Non US Employees Defined Benefit Plan [Member]
Defined Benefit Plan, Plan Assets, Administration Expense	$ 199,000	$ 185,000
Minimum [Member]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	3.05%	3.65%
Maximum [Member]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	3.40%	3.90%
Defined Benefit Plan, Equity Securities [Member] | Minimum [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	0.00%
Defined Benefit Plan, 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 15 - Employee Benefit Pl_4

Note 15 - Employee Benefit Plans - Components of Pension Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Service cost	$ 5	$ 4
Interest cost on projected benefit obligation	1,084	1,407
Net amortization of actuarial loss	631	666
Expected return on plan assets	(987)	(1,103)
Net periodic benefit cost	$ 733	$ 974

Note 15 - Employee Benefit Pl_5

Note 15 - Employee Benefit Plans - Net Periodic Benefit Cost Recognized in Consolidated Statements of Operations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Selling, general and administrative expenses	$ 5,000	$ 4,000
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component	728,000	970,000
Total	733,000	974,000
Selling, General and Administrative Expenses [Member]
Selling, general and administrative expenses	$ 5,000	$ 4,000

Note 15 - Employee Benefit Pl_6

Note 15 - 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, 2020	Dec. 31, 2019
Benefit obligation at beginning of year	$ 36,050	$ 34,690
Service cost	5	4
Interest cost on projected benefit obligation	1,084	1,407
Actuarial loss	2,516	2,835
Benefits paid	(2,796)	(2,886)
Benefit obligation at end of year	36,859	36,050
Fair value of plan assets at beginning of year	31,738	30,199
Actual return on plan assets	2,549	4,043
Company contributions	862	382
Benefits paid	(2,796)	(2,886)
Fair value of plan assets at end of year	32,353	31,738
Underfunded status of the plans	(4,506)	(4,312)
Other assets	380	607
Accrued liabilities	(596)	(893)
Other liabilities	(4,290)	(4,026)
Net amount recognized	(4,506)	(4,312)
Projected benefit obligation	25,566	24,843
Accumulated benefit obligation	25,566	24,843
Fair value of plan assets	$ 20,680	$ 19,924
Discount rate – projected benefit obligation	2.25%	3.15%
Discount rate – net periodic pension cost	3.15%	4.25%
Rate of compensation increase		4.00%
Weighted average asset allocation:	100.00%	100.00%
Equity Securities [Member]
Weighted average asset allocation:	17.00%	18.00%
Debt Securities [Member]
Weighted average asset allocation:	80.00%	78.00%
Other [Member]
Weighted average asset allocation:	3.00%	4.00%
Minimum [Member]
Expected long-term rate of return on plan assets	3.05%	3.65%
Maximum [Member]
Expected long-term rate of return on plan assets	3.40%	3.90%

Note 15 - Employee Benefit Pl_7

Note 15 - Employee Benefit Plans - Summary of Fair Values of Pension Plan Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Fair value of plan assets	$ 32,353	$ 31,738	$ 30,199
Fair Value, Inputs, Level 1 [Member]
Fair value of plan assets	15,658	12,750
Fair Value, Inputs, Level 1 [Member] | Cash and Cash Equivalents [Member]
Fair value of plan assets	2,744	2,228
Fair Value, Inputs, Level 1 [Member] | Defined Benefit Plan, Equity Securities, US, Large Cap [Member]
Fair value of plan assets	2,272	1,935
Fair Value, Inputs, Level 1 [Member] | Defined Benefit Plan, Equity Securities, US, Mid Cap [Member]
Fair value of plan assets	867	1,067
Fair Value, Inputs, Level 1 [Member] | Defined Benefit Plan, Equity Securities, US, Small Cap [Member]
Fair value of plan assets	224	609
Fair Value, Inputs, Level 1 [Member] | Defined Benefit Plan, Equity Securities, Non-US [Member]
Fair value of plan assets	2,256	2,214
Fair Value, Inputs, Level 1 [Member] | Real Estate [Member]
Fair value of plan assets	391	546
Fair Value, Inputs, Level 1 [Member] | Other Equity Securities [Member]
Fair value of plan assets	600	757
Fair Value, Inputs, Level 1 [Member] | Fixed Income Securities [Member]
Fair value of plan assets	6,304	3,394
Fair Value, Inputs, Level 2 [Member]
Fair value of plan assets	16,695	18,988
Fair Value, Inputs, Level 2 [Member] | Cash and Cash Equivalents [Member]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 2 [Member] | Defined Benefit Plan, Equity Securities, US, Large Cap [Member]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 2 [Member] | Defined Benefit Plan, Equity Securities, US, Mid Cap [Member]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 2 [Member] | Defined Benefit Plan, Equity Securities, US, Small Cap [Member]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 2 [Member] | Defined Benefit Plan, Equity Securities, Non-US [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	$ 16,695	$ 18,988

Note 15 - Employee Benefit Pl_8

Note 15 - Employee Benefit Plans - Benefits Expected to be Paid (Details) $ in Thousands	Dec. 31, 2020USD ($)
2021	$ 2,772
2022	2,707
2023	2,631
2024	2,565
2025	2,490
2026-2030	11,118
Total	$ 24,283

Note 16 - Commitments and Con_2

Note 16 - Commitments and Contingencies (Details Textual) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Purchase Obligation, Total	$ 15,365,000
Accrual for Environmental Loss Contingencies, Ending Balance	$ 0	$ 0

Note 17 - Stock Option and Pu_3

Note 17 - Stock Option and Purchase Plans (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)	3,598,271	1,153,271
Share-based Payment Arrangement, Expense	$ 426,000	$ 469,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)	$ 0.33	$ 0.46
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in shares)	306,500	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 392,000
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount	$ 423,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	1 year 36 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value	$ 113,000	$ 318,000
The 2015 Omnibus Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award Award Lapsing Restrictions Period (Year)	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)	5 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	3 years
The 2020 Omnibus Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award Award Lapsing Restrictions Period (Year)	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	3 years
Share-based Payment Arrangement, Option [Member] | The 2015 Omnibus Plan [Member]
Common Stock, Capital Shares Reserved for Future Issuance (in shares)	3,476,021
Share-based Payment Arrangement, Option [Member] | The 2020 Omnibus Plan [Member]
Common Stock, Capital Shares Reserved for Future Issuance (in shares)	4,596,271
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 392,000	$ 533,000

Note 17 - Stock Option and Pu_4

Note 17 - Stock Option and Purchase Plans - Estimate Fair Value of Options Granted (Details)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Expected life (years) (Year)	4 years	4 years
Expected volatility	52.60%	53.90%
Risk-free interest rates	0.34%	2.30%
Expected dividend yield	0.00%	0.00%

Note 17 - Stock Option and Pu_5

Note 17 - Stock Option and Purchase Plans - Summary of Restricted Stock Activity (Details) - Restricted Stock [Member] $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)$ / sharesshares
Novested shares (in shares) | shares	324,500
Nonvested shares, weighted average grant date fair value (in dollars per share) | $ / shares	$ 1.03
Granted (in shares) | shares	0
Granted, weighted average grant date fair value (in dollars per share) | $ / shares	$ 0
Vested (in shares) | shares	(324,500)
Vested, weighted average grant date fair value (in dollars per share) | $ / shares	$ 1.03
Forfeited (in shares) | shares	0
Forfeited, weighted average grant date fair value (in dollars per share) | $ / shares	$ 0
Nonvested shares (in shares) | shares	0
Nonvested shares, weighted average grant date fair value (in dollars per share) | $ / shares	$ 0
Nonvested, weighted average remaining term (Year)	0 years
Nonvested, aggregate intrinsic value | $	$ 0

Note 17 - Stock Option and Pu_6

Note 17 - Stock Option and Purchase Plans - Summary of Option Activity (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Outstanding (in shares)	2,567,750
Outstanding, weighted average exercise price per share (in dollars per share)	$ 1.26
Granted (in shares)	930,000
Granted, weighted average exercise price per share (in dollars per share)	$ 0.82
Exercised (in shares)	(306,500)	0
Exercised, weighted average exercise price per share (in dollars per share)	$ 0.96
Forfeited (in shares)	0
Forfeited, weighted average exercise price per share (in dollars per share)	$ 0
Expired (in shares)	(445,000)
Expired, weighted average exercise price per share (in dollars per share)	$ 1.50
Outstanding (in shares)	2,746,250	2,567,750
Outstanding, weighted average exercise price per share (in dollars per share)	$ 1.10	$ 1.26
Outstanding, weighted average remaining term (Year)	2 years 354 days
Outstanding, aggregate intrinsic value	$ 1,211,995
Exercisable (in shares)	517,000
Exercisable, weighted average exercise price per share (in dollars per share)	$ 1.04
Exercisable, weighted average remaining term (Year)	270 days
Exercisable, aggregate intrinsic value	$ 250,500

Note 18 - Stockholders' Equit_2

Note 18 - Stockholders' Equity (Details Textual) - shares	Dec. 31, 2020	Dec. 31, 2019
Preferred Stock, Shares Authorized (in shares)	975,150	975,150
Series A Preferred Stock [Member]
Preferred Stock, Shares Authorized (in shares)	24,850	24,850
Preferred Stock, Shares Outstanding, Ending Balance (in shares)	0

Note 18 - Stockholders' Equit_3

Note 18 - Stockholders' Equity - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Foreign currency translation adjustments, net of tax	$ (10,847)	$ (10,623)
Accumulated other comprehensive loss	(24,698)	(24,051)
Internal Revenue Service (IRS) [Member]
Employee benefit related adjustments, net of tax	(13,867)	(13,544)
Mexican Tax Authority [Member]
Employee benefit related adjustments, net of tax	$ 16	$ 116

Note 18 - Stockholders' Equit_4

Note 18 - Stockholders' Equity - Components of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Balance	$ 13,431
Foreign currency translation adjustments, net of tax expense of $0 and tax benefit of $104 in 2020 and 2019, respectively	(224)	$ 344
Balance	14,775	13,431
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	(10,623)	(10,967)
Foreign currency translation adjustments, net of tax expense of $0 and tax benefit of $104 in 2020 and 2019, respectively	(224)	344
Net actuarial loss for the year, net of tax	0	0
Amortization for the year, net of tax	0	0
Balance	(10,847)	(10,623)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Balance	(13,428)	(13,875)
Foreign currency translation adjustments, net of tax expense of $0 and tax benefit of $104 in 2020 and 2019, respectively	0	0
Net actuarial loss for the year, net of tax	(1,054)	(64)
Amortization for the year, net of tax	631	511
Balance	(13,851)	(13,428)
AOCI Attributable to Parent [Member]
Balance	(24,051)	(24,842)
Foreign currency translation adjustments, net of tax expense of $0 and tax benefit of $104 in 2020 and 2019, respectively	(224)	344
Net actuarial loss for the year, net of tax	(1,054)	(64)
Amortization for the year, net of tax	631	511
Balance	$ (24,698)	$ (24,051)

Note 19 - Income Taxes (Details

Note 19 - Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Deferred Tax Assets, Foreign Deferred Revenue and Other Provision	$ 3,604,000	$ 4,054,000
Effective Income Tax Rate Reconciliation, Percent, Total		23.30%
Deferred Federal, State and Local, Tax Expense (Benefit), Total		$ 240,000
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent, Total		240,000
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%
Unrecognized Tax Benefits, Ending Balance	$ 200,000	200,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total	0	0
State and Local Jurisdiction [Member]
Income Taxes Paid	13,000	37,000
Proceeds from Income Tax Refunds	5,000	51,000
Operating Loss Carryforwards, Total	105,284,000
Operating Loss Carryforwards, Subject to Expiration	102,085,000
Operating Loss Carryforwards, Not Subject to Expiration	3,199,000
State and Local Jurisdiction [Member] | FLORIDA
Operating Loss Carryforwards, Total	57,524,000
State and Local Jurisdiction [Member] | Kentucky 1 [Member]
Operating Loss Carryforwards, Total	47,760,000
Foreign Tax Authority [Member]
Income Taxes Paid	206,000	293,000
Proceeds from Income Tax Refunds	0	0
Domestic Tax Authority [Member]
Income Taxes Paid	0	0
Proceeds from Income Tax Refunds	92,000	$ 92,000
Operating Loss Carryforwards, Total	140,310,000
Operating Loss Carryforwards, Subject to Expiration	134,501,000
Operating Loss Carryforwards, Not Subject to Expiration	5,809,000
Mexican Subsidiaries [Member]
Deferred Tax Assets, Foreign Deferred Revenue and Other Provision	$ 3,717,000

Note 19 - Income Taxes - Compon

Note 19 - Income Taxes - Components of Income (Loss) From Continuing Operations Before Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Domestic	$ (3,115)	$ (5,337)
Foreign	1,823	1,384
(Loss) income before income taxes	$ (1,292)	$ (3,953)

Note 19 - Income Taxes - Comp_2

Note 19 - Income Taxes - Components of Income Tax Expense (Benefit) Applicable to Continuing Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Current:
Federal	$ 0	$ 0
State	(125)	(14)
Foreign	235	270
Total current income tax expense	110	256
Deferred:
Federal	0	(217)
State	0	(23)
Foreign	(3,070)	(20)
Total deferred income tax (benefit) expense	(3,070)	(260)
Income tax (benefit) expense, net	$ (2,960)	$ (4)

Note 19 - Income Taxes - Summar

Note 19 - Income Taxes - Summary of Reconciliation of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Federal tax expense at the statutory rate	$ (271)	$ (830)
Current year permanent differences	273	257
State income taxes, net of federal tax impact	(166)	(131)
Effect of tax rates of foreign subsidiaries	151	125
Currency translation effect on temporary differences	223	312
Change in valuation allowance	(2,994)	(497)
Intraperiod tax allocation	0	(240)
State NOL carryforwards	(471)	1,446
Other items	295	(446)
Income tax (benefit) expense, net	$ (2,960)	$ (4)

Note 19 - Income Taxes - Summ_2

Note 19 - Income Taxes - Summary of Deferred Income Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets:
Compensation and benefit accruals	$ 386,000	$ 359,000
Inventory valuation	877,000	866,000
Federal and state net operating loss carryforwards	33,851,000	32,470,000
Deferred revenue	391,000	975,000
Accounts receivable allowance	7,000	8,000
Depreciation	0	85,000
Defined benefit pension plan	708,000	591,000
Lease liabilities	1,193,000	1,334,000
Foreign deferred revenue and other provisions	3,604,000	4,054,000
Other	718,000	661,000
Total	41,735,000	41,403,000
Domestic valuation allowance	(37,015,000)	(36,217,000)
Foreign valuation allowance	0	(3,717,000)
Total deferred tax assets	4,720,000	1,469,000
Deferred tax liabilities:
Depreciation	(114,000)	0
Right-of-use assets, net	(1,002,000)	(1,132,000)
Total deferred tax liabilities	(1,116,000)	(1,132,000)
Net deferred tax asset	$ 3,604,000	$ 337,000

Note 20 - Earnings (Loss) Per_3

Note 20 - Earnings (Loss) Per Common Share (Details Textual)	12 Months Ended
	Dec. 31, 2020shares
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	2,314,000

Note 20 - Earnings (Loss) Per_4

Note 20 - Earnings (Loss) 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, 2020	Dec. 31, 2019
Net income (loss)	$ 1,668	$ (3,949)
Less distributed and undistributed earnings allocable to restricted award holders	0	0
Net income (loss) allocable to common stockholders	$ 1,668	$ (3,949)
Basic (in dollars per share)	$ 0.08	$ (0.19)
Diluted (in dollars per share)	$ 0.08	$ (0.19)
Basic (in shares)	21,084	20,865
Weighted average additional shares assuming conversion of potential common shares (in shares)	2	0
Weighted average shares outstanding – diluted (in shares)	21,086	20,865

Note 21 - Segment Information_2

Note 21 - Segment Information (Details Textual)	12 Months Ended
	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Number of Operating Segments	2
Revenue from Contract with Customer, Including Assessed Tax	$ 82,346,000	$ 87,891,000
International Operation [Member]
Export Sales	3,423,000	7,239,000
Revenues, Total	29,812,000	40,536,000
Long-Lived Assets	5,819,000	6,669,000
Net Assets, Ending Balance	14,344,000	9,899,000
Intersegment Eliminations [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 0	$ 0

Note 21 - Segment Information -

Note 21 - Segment Information - Financial Information From Reportable Segments - Income Statement (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Net revenue from unaffiliated customers	$ 82,346,000	$ 87,891,000
Gross profit (loss)	11,565,000	9,883,000
Operating income (loss)	90,000	(4,306,000)
Interest expense, net	838,000	903,000
Other (income) expense, net	544,000	(1,256,000)
Income (loss) before taxes	(1,292,000)	(3,953,000)
Income tax expense (benefit), net	(2,960,000)	(4,000)
Depreciation and amortization	2,503,000	2,671,000
Capital expenditures	1,542,000	859,000
Sypris Technologies [Member]
Net revenue from unaffiliated customers	45,321,000	61,683,000
Gross profit (loss)	6,164,000	9,785,000
Operating income (loss)	1,731,000	4,257,000
Interest expense, net	251,000	377,000
Other (income) expense, net	547,000	272,000
Income (loss) before taxes	935,000	3,609,000
Income tax expense (benefit), net	(2,835,000)	250,000
Depreciation and amortization	1,791,000	1,927,000
Capital expenditures	1,355,000	693,000
Sypris Electronics [Member]
Net revenue from unaffiliated customers	37,025,000	26,208,000
Gross profit (loss)	5,401,000	98,000
Operating income (loss)	2,591,000	(2,999,000)
Interest expense, net	25,000	63,000
Other (income) expense, net	(3,000)	(33,000)
Income (loss) before taxes	2,567,000	(3,029,000)
Income tax expense (benefit), net	0	0
Depreciation and amortization	529,000	506,000
Capital expenditures	138,000	97,000
Corporate and Other [Member]
Operating income (loss)	(4,232,000)	(5,564,000)
Interest expense, net	562,000	463,000
Other (income) expense, net	0	(1,495,000)
Income (loss) before taxes	(4,794,000)	(4,533,000)
Income tax expense (benefit), net	(125,000)	(254,000)
Depreciation and amortization	183,000	238,000
Capital expenditures	$ 49,000	$ 69,000

Note 21 - Segment Information_3

Note 21 - Segment Information - Financial Information From Reportable Segments - Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Total assets	$ 60,708	$ 60,056
Total liabilities	45,933	46,625
Sypris Technologies [Member]
Total assets	31,425	29,694
Total liabilities	19,974	19,989
Sypris Electronics [Member]
Total assets	18,620	24,985
Total liabilities	13,545	17,416
Corporate and Other [Member]
Total assets	10,663	5,377
Total liabilities	$ 12,414	$ 9,220