Sypris Solutions (SYPR) 10-K 17 Mar 22 2021 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2021	Mar. 10, 2022	Jul. 04, 2021
Document Information [Line Items]
Entity Central Index Key	0000864240
Entity Registrant Name	SYPRIS SOLUTIONS INC
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Document Transition Report	false
Entity File Number	0-24020
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	61-1321992
Entity Address, Address Line One	101 Bullitt Lane, Suite 450
Entity Address, City or Town	Louisville
Entity Address, State or Province	KY
Entity Address, Postal Zip Code	40222
City Area Code	502
Local Phone Number	329-2000
Title of 12(b) Security	Common Stock
Trading Symbol	SYPR
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Public Float			$ 43,257,696
Entity Common Stock, Shares Outstanding		21,879,724
Auditor Firm ID	173
Auditor Name	Crowe LLP
Auditor Location	Louisville, Kentucky

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Net revenue	$ 97,434,000	$ 82,346,000
Cost of sales	82,928,000	70,294,000
Gross profit	14,506,000	12,052,000
Selling, general and administrative	12,596,000	11,962,000
Operating income	1,910,000	90,000
Interest expense, net	868,000	838,000
Other expense, net	645,000	544,000
Forgiveness of PPP Loan and related interest	(3,599,000)	0
Total	3,996,000	(1,292,000)
Income tax expense (benefit), net	1,073,000	(2,960,000)
Net income	$ 2,923,000	$ 1,668,000
Basic (in dollars per share)	$ 0.14	$ 0.08
Diluted (in dollars per share)	0.13	0.08
Cash dividends per common share (in dollars per share)	$ 0	$ 0
Weighted average shares outstanding:
Basic (in shares)	21,585	21,084
Diluted (in shares)	23,001	21,086

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Net income	$ 2,923	$ 1,668
Currency translation adjustments, net of tax	(593)	(224)
Foreign currency translation adjustments, net of tax expense	2,297	(423)
Employee benefit related, net of tax expense	1,704	(647)
Other comprehensive income (loss)	$ 4,627	$ 1,021

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 11,620,000	$ 11,606,000
Accounts receivable, net	8,467,000	7,234,000
Inventory, net	30,100,000	16,236,000
Other current assets	5,868,000	4,360,000
Total current assets	56,055,000	39,436,000
Property, plant and equipment, net	14,140,000	10,161,000
Operating lease right-of-use assets	5,140,000	6,103,000
Other assets	4,170,000	5,008,000
Total assets	79,505,000	60,708,000
Current liabilities:
Accounts payable	11,962,000	6,734,000
Accrued liabilities	19,646,000	11,969,000
Operating lease liabilities, current portion	1,063,000	965,000
Finance lease obligations, current portion	983,000	393,000
Equipment financing obligations, current portion	336,000	0
Note payable – PPP Loan, current portion	0	1,186,000
Total current liabilities	33,990,000	21,247,000
Operating lease obligations, net of current portion	4,878,000	5,941,000
Finance lease obligations, net of current portion	3,469,000	1,927,000
Equipment financing obligations, net of current portion	868,000	0
Note payable – related party	6,484,000	6,477,000
Note payable – PPP Loan, net of current portion	0	2,372,000
Other liabilities	10,530,000	7,969,000
Total liabilities	60,219,000	45,933,000
Stockholders’ equity:
Preferred stock	0	0
Additional paid-in capital	154,904,000	155,025,000
Accumulated deficit	(112,842,000)	(115,765,000)
Accumulated other comprehensive loss	(22,994,000)	(24,698,000)
Treasury stock, 19 and 1,236 shares in 2021 and 2020, respectively	0	0
Total stockholders’ equity	19,286,000	14,775,000
Total liabilities and stockholders’ equity	79,505,000	60,708,000
Series A Preferred Stock [Member]
Stockholders’ equity:
Preferred stock	0	0
Nonvoting Common Stock [Member]
Stockholders’ equity:
Common stock	0	0
Common Stock [Member]
Stockholders’ equity:
Common stock	$ 218,000	$ 213,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
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
Treasury stock (in shares)	19	1,236
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
Common Stock [Member]
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)	21,864,743	21,302,194
Common stock, shares outstanding (in shares)	21,864,724	21,300,958

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net income	$ 2,923	$ 1,668
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	2,646	2,503
Forgiveness of PPP Loan and related interest	(3,599)	0
Deferred income taxes	1,015	(3,070)
Non-cash compensation	491	426
Deferred loan costs amortized	7	14
Net gain on disposal or abandonment of assets	11	(236)
Provision for excess and obsolete inventory	162	222
Non-cash lease expense	963	911
Other noncash items	150	(1)
Contributions to pension plans	(297)	(862)
Changes in operating assets and liabilities:
Accounts receivable	(1,265)	214
Inventory	(13,978)	4,230
Prepaid expenses and other assets	(1,314)	(204)
Accounts payable	5,268	(2,591)
Accrued and other liabilities	11,055	424
Net cash provided by operating activities	4,238	3,648
Cash flows from investing activities:
Capital expenditures	(2,824)	(1,542)
Proceeds from sale of assets	10	1,969
Net cash (used in) provided by investing activities	(2,814)	427
Cash flows from financing activities:
Principal payments on finance lease obligations	(499)	(715)
Principal payments on equipment financing obligations	(176)	0
Proceeds from Paycheck Protection Program loan	0	3,558
Indirect repurchase of shares for minimum statutory tax withholdings	(607)	(103)
Net cash (used in) provided by financing activities	(1,282)	2,740
Effect of exchange rate changes on cash balances	(128)	(304)
Net increase in cash and cash equivalents	14	6,511
Cash and cash equivalents at beginning of year	11,606	5,095
Cash and cash equivalents at end of year	11,620	11,606
Supplemental disclosure of cash flow information:
Fixed assets obtained in exchange for finance lease and equipment financing obligations	$ 4,012	$ 0

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	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, 2019	21,298,426
Balance at Dec. 31, 2019	$ 213	$ 154,702	$ (117,433)	$ (24,051)	$ 0
Net income	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
Exercise of stock options (in shares)	14,956					306,500
Exercise of stock options	$ 0	(4)	0	0	0
Retire treasury stock (in shares)	(82,424)
Retire treasury stock	$ 0	(99)	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
Net income	0	0	2,923	0	0	2,923
Employee benefit related, net of tax	0	0	0	2,297	0	$ (2,297)
Foreign currency translation adjustment, net of tax	$ 0	0	0	(593)	0
Noncash compensation (in shares)	52,500
Noncash compensation	$ 0	491	0	0	0
Exercise of stock options (in shares)	313,766					687,500
Exercise of stock options	$ 3	(610)	0	0	0
Retire treasury stock	$ 0	0	0	0	0
Restricted common stock grant (in shares)	197,500
Restricted common stock grant	$ 2	(2)	0	0	0
Balance (in shares) at Dec. 31, 2021	21,864,724
Balance at Dec. 31, 2021	$ 218	$ 154,904	$ (112,842)	$ (22,994)	$ 0	$ 19,286

Note 1 - Organization and Signi

Note 1 - Organization and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
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 20 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 Cloud Computing Arrangements The Company capitalizes implementation costs incurred in cloud computing (i.e., hosting arrangements) during the application development phase and depreciates the costs over the non-cancellable term of the cloud computing arrangements plus any option renewal periods that are reasonably certain to be exercised or for which the exercise is controlled by the service provider. The Company classifies the amortization of capitalized implementation costs in the same line item in the statement of operations as the fees associated with the hosting service (i.e., operating and SG&A expense) and classifies the related payments in the statement of cash flows in the same manner as payments made for fees associated with the hosting service (i.e. cash flows from operating activities). In addition, the capitalization of implementation costs is reflected in the balance sheet consistent with the location of prepayment of fees for the hosting element (i.e., within prepaid expenses and other current assets). As of December 31, 2021 2020, December 31, 2021 2020 not 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 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 and gross profit 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. 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, 2021 2020, December 31, 2021 2020 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 December 31, 2021 December 31, 2021 December 31, 2020 December 31, 2020 No December 31, 2021 2020. The Company’s largest customers for the year ended December 31, 2021 December 31, 2020, No 10% December 31, 2021 2020. Foreign Currency Translation The functional currency for the Company’s Mexican subsidiary 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 subsidiary are included in other income, net. Collective Bargaining Agreements Approximately 404, or 59% of the Company’s employees, all within Sypris Technologies, were covered by collective bargaining agreements at December 31, 2021. 12 December 31, 2021. Recently Issued Accounting Standards In June 2016, 2016 13, 2016 - 13 December 15, 2022, January 1, 2023, not In December 2019, 2019 12, January 1, 2021. not Reclassifications Certain amounts in the Company’s 2020 2021 no

Note 2 - Leases

Note 2 - Leases	12 Months Ended
	Dec. 31, 2021
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 years to 11 years, and often include one not not Some leases may one These operating leases are included in “Operating lease right-of-use assets” on the Company’s consolidated balance sheets, and represent the Company’s right to use the underlying asset for the lease term. The Company’s obligations to make lease payments are included in “Operating lease liabilities, current portion” and “Operating lease liabilities, net of current portion” on the Company’s consolidated balance sheets. Operating lease right-of-use assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. As of December 31, 2021, December 31, 2020, 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, 2021 2020. The following table presents information related to lease expense for the year ended December 31, 2021 2020 December 31, 2021 2020 Finance lease expense Amortization expense $ 422 $ 425 Interest expense 230 261 Operating lease expense 1,406 1,406 Variable lease expense 315 317 Total lease expense $ 2,373 $ 2,409 The following table presents supplemental cash flow information related to leases (in thousands): December 31, 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,532 $ 1,363 Operating cash flows from finance leases 230 261 Financing cash flows from finance leases 499 715 The annual future minimum lease payments as of December 31, 2021 Operating Finance Leases Leases Next 12 months $ 1,492 $ 1,315 12 to 24 months 1,509 1,315 24 to 36 months 1,318 1,238 36 to 48 months 1,231 1,173 48 to 60 months 858 262 Thereafter 842 0 Total lease payments 7,250 5,303 Less imputed interest (1,309 ) (851 ) Total $ 5,941 $ 4,452 The following table presents certain information related to lease terms and discount rates for leases as of December 31, 2021 2020: December 31, 2021 2020 Weighted-average remaining lease term (years): Operating leases 5.3 6.2 Finance leases 4.0 4.9 Weighted-average discount rate (percentage): Operating leases 8.0 8.0 Finance leases 8.5 10.2

Note 3 - Revenue From Contracts

Note 3 - Revenue From Contracts With Customers	12 Months Ended
	Dec. 31, 2021
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 and gross profit 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. Many of Sypris Electronics’ contractual arrangements with customers are for one one December 31, 2021, 2022 2023. Disaggregation of Revenue The following table summarizes revenue from contracts with customers for the years ended December 31, 2021 2020: December 31, 2021 2020 Sypris Technologies – transferred point in time $ 61,737 $ 45,321 Sypris Electronics – transferred point in time 7,232 6,550 Sypris Electronics – transferred over time 28,465 30,475 Net revenue $ 97,434 $ 82,346 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, 2021 2020 Contract liabilities December 31, 2021, December 31, 2020, not The Company recognized revenue from contract liabilities of $6,400,000 and $7,619,000 during the years ended December 31, 2021 2020, Practical expedients and exemptions Sales commissions are expensed when incurred because the amortization period would have been one We do not one

Note 4 - Other Expense, Net

Note 4 - Other Expense, Net	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Other Income and Other Expense Disclosure [Text Block]	( 4 Other Expense, Net The Company recognized other expense of $645,000 during the year ended December 31, 2021. December 31, 2021, not December 31, 2021. The Company recognized other expense of $544,000 during the year ended December 31, 2020. December 31, 2020, $813,000 not December 31, 2020.

Note 5 - Accounts Receivable

Note 5 - Accounts Receivable	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	( 5 Accounts Receivable Accounts receivable consists of the following (in thousands): December 31, 2021 2020 Commercial $ 8,529 $ 7,264 Allowance for doubtful accounts (62 ) (30 ) Accounts receivable, net $ 8,467 $ 7,234

Note 6 - Inventory

Note 6 - Inventory	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Inventory Disclosure [Text Block]	( 6 Inventory Inventory consists of the following (in thousands): December 31, 2021 2020 Raw materials $ 23,694 $ 11,118 Work in process 6,702 6,210 Finished goods 1,497 762 Reserve for excess and obsolete inventory (1,793 ) (1,854 ) Inventory, net $ 30,100 $ 16,236

Note 7 - Other Current Assets

Note 7 - Other Current Assets	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Other Current Assets [Text Block]	( 7 Other Current Assets Other current assets consist of the following (in thousands): December 31, 2021 2020 Prepaid expenses $ 1,343 $ 911 Contract assets 1,913 1,240 Other 2,612 2,209 Other current assets $ 5,868 $ 4,360 Included in other current assets are income and VAT taxes refundable, assets held for sale, tools, spare parts and other items, none

Note 8 - Property, Plant and Eq

Note 8 - Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	( 8 Property, Plant and Equipment Property, plant and equipment consists of the following (in thousands): December 31, 2021 2020 Land and land improvements $ 43 $ 43 Buildings and building improvements 7,863 7,747 Machinery, equipment, furniture and fixtures 61,050 55,620 Construction in progress 858 609 69,814 64,019 Accumulated depreciation (55,674 ) (53,858 ) Property plant and equipment, net $ 14,140 $ 10,161 Depreciation expense, including amortization of assets recorded under finance leases, totaled approximately $2,646,000 and $2,503,000 for the years ended December 31, 2021 2020, not December 31, 2021 2020, Included within property, plant and equipment were assets under finance leases as follows (in thousands): December 31, 2021 2020 Buildings and building improvements $ 2,864 $ 2,955 Machinery, equipment, furniture and fixtures 3,048 269 5,912 3,224 Accumulated depreciation (1,896 ) (1,522 ) Net $ 4,016 $ 1,702

Note 9 - Other Assets

Note 9 - Other Assets	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Other Assets Disclosure [Text Block]	( 9 Other Assets Other assets consist of the following (in thousands): December 31, 2021 2020 Long term spare parts $ 455 $ 494 Long term deposits 280 286 Pension asset 595 380 Deferred tax asset, net 2,548 3,604 Other 292 244 Other assets $ 4,170 $ 5,008

Note 10 - Accrued Liabilities

Note 10 - Accrued Liabilities	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Accrued Liabilities [Text Block]	( 10 Accrued Liabilities Accrued liabilities consist of the following (in thousands): December 31, 2021 2020 Salaries, wages, employment taxes and withholdings $ 1,548 $ 1,353 Employee benefit plans 861 1,216 Accrued professional fees 697 695 Income, property and other taxes 176 253 Contract liabilities – short term 15,013 6,816 Deferred gain from sale-leaseback 286 296 Other 1,065 1,340 Accrued liabilities $ 19,646 $ 11,969 Included in other accrued liabilities are accrued operating expenses, accrued warranty expenses, accrued interest, and other items, none

Note 11 - Other Liabilities

Note 11 - Other Liabilities	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Other Liabilities Disclosure [Text Block]	( 11 Other Liabilities Other liabilities consist of the following (in thousands): December 31, 2021 2020 Noncurrent pension liability $ 4,647 $ 5,730 Deferred gain from sale leaseback 907 1,231 Contract liabilities – long term 4,875 523 Other 101 485 Other liabilities $ 10,530 $ 7,969

Note 12 - Debt

Note 12 - Debt	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Long-term Debt [Text Block]	( 12 Debt Long-term obligations consists of the following (in thousands): December 31, 2021 2020 Current: Finance lease obligation, current portion $ 983 $ 393 Equipment financing obligations, current portion 336 0 PPP Loan, current portion 0 1,186 Current portion of long term debt and finance lease obligations $ 1,319 $ 1,579 Long Term: Finance lease obligations $ 3,469 $ 1,927 Equipment financing obligations 868 0 PPP Loan 0 2,372 Note payable – related party 6,500 6,500 Less unamortized debt issuance and modification costs (16 ) (23 ) Long term debt and finance lease obligations, net of unamortized debt costs $ 10,821 $ 10,776 The weighted average interest rate for outstanding borrowings at December 31, 2021 2020 no 2021 2020. December 31, 2021 2020 Paycheck Protection Program During the second 2020, $3,558,000 1.00%. During the fourth 2020, may 24 On June 28, 2021, December 31, 2021, 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 in principal as of December 31, 2021 2020 one December 31, 2021, April 1, 2023, April 1, 2024 April 1, 2026. April 1 five 90 18 April 2023 2024. first 2020, April 6, 2020. January 4, 2021. During the fourth 2021, one April 1, 2022 April 1, 2023; 18 April 2023 2024. Obligations under the promissory note are guaranteed by all of the subsidiaries and are secured by a first Finance Lease Obligations As of December 31, 2021, 2025 Equipment Financing Obligations As of December, 2021, 2026. Next 12 months $ 403 12 to 24 months 403 24 to 36 months 345 36 to 48 months 152 48 to 60 months 77 Thereafter 0 Total payments 1,380 Less imputed interest (176 ) Total equipment financing obligations $ 1,204

Note 13 - Fair Value of Financi

Note 13 - Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block]	( 13 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, 2021 2

Note 14 - Employee Benefit Plan

Note 14 - Employee Benefit Plans	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Retirement Benefits [Text Block]	( 14 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, 2021 2020 Service cost $ 4 $ 5 Interest cost on projected benefit obligation 774 1,084 Net amortization of actuarial loss 613 631 Expected return on plan assets (773 ) (987 ) Net periodic benefit cost $ 618 $ 733 The net periodic cost of the defined benefit pension plans incurred during the years ended December 31, 2021 2020 Year ended December 31, 2021 2020 Service cost: Selling, general and administrative expenses $ 4 $ 5 Other net periodic benefit costs: Other expense, net 614 728 Total $ 618 $ 733 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, 2021 2020 Change in benefit obligation Benefit obligation at beginning of year $ 36,859 $ 36,050 Service cost 4 5 Interest cost 774 1,084 Actuarial loss (2,245 ) 2,516 Benefits paid (2,636 ) (2,796 ) Benefit obligation at end of year $ 32,756 $ 36,859 Change in plan assets: Fair value of plan assets at beginning of year $ 32,353 $ 31,738 Actual return on plan assets 37 2,549 Company contributions 297 862 Benefits paid (2,636 ) (2,796 ) Fair value of plan assets at end of year $ 30,051 $ 32,353 Underfunded status of the plans $ (2,705 ) (4,506 ) December 31, 2021 2020 Balance sheet assets (liabilities): Other assets $ 595 $ 380 Accrued liabilities (126 ) (596 ) Other liabilities (3,174 ) (4,290 ) Net amount recognized $ (2,705 ) $ (4,506 ) Pension plans with accumulated benefit obligation in excess of plan assets: Projected benefit obligation $ 22,846 $ 25,566 Accumulated benefit obligation 22,846 25,566 Fair value of plan assets 19,545 20,680 Projected benefit obligation and net periodic pension cost assumptions: Discount rate – projected benefit obligation 2.70 % 2.25 % Discount rate – net periodic pension cost 2.25 3.15 Rate of compensation increase N/A N/A Expected long-term rate of return on plan assets 1.80 - 2.95 3.05 - 3.40 December 31, 2021 2020 Weighted average asset allocation: Equity securities 16 % 17 % Debt securities 81 80 Other 3 3 Total 100 % 100 % The fair values of our pension plan assets as of December 31, 2021 Quoted Prices In Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Asset categories Cash and cash equivalents $ 2,371 $ 0 Equity securities: 0 U.S. Large Cap 2,008 0 U.S. Mid Cap 863 0 U.S. Small Cap 169 0 World Equity 1,733 0 Real Estate 405 0 Other 547 0 Fixed income securities 6,814 15,141 Total Plan Assets $ 14,910 $ 15,141 The fair values of our pension plan assets as of December 31, 2020 Quoted Prices In Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Asset categories Cash and cash equivalents $ 2,744 $ 0 Equity securities: 0 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 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 2022 2021 2020 0 0 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 1.80% for the Louisville Hourly Plan, 2.95% for the Marion Plan and 2.60% for the Louisville Salaried Plan as the expected return on our U.S. pension plan assets for 2021 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, 2021 not 2021 2020 At December 31, 2021, five five 2022 $ 2,616 2023 2,546 2024 2,486 2025 2,416 2026 2,326 2027-2031 10,409 Total $ 22,799 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 2021 2020, 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 $232,000 and $199,000 in 2021 2020, December 31, 2021 2020

Note 15 - Commitments and Conti

Note 15 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	( 15 Commitments and Contingencies As of December 31, 2021, 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, 2021 2020, no 3 10 On December 27, 2017, 401 not January 26, 2022, On February 17, 2017, February 28, 2020.

Note 16 - Stock Option and Purc

Note 16 - Stock Option and Purchase Plans	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	( 16 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 shares were registered for issuance under the 2015 May 12, 2020, 2015 2020 2020 2010 2015 2020 December 31, 2021 2020 3,598,271, 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. Due to the lack of sufficient historical exercise data to provide a reasonable basis upon which to otherwise estimate the expected term of the stock options, the Company uses the simplified method to estimate the expected term. Under the simplified method, the expected term of an option is presumed to be the mid-point between the vesting date and the end of the contractual term. The dividend yield is assumed to be zero not December 31, 2021 2020, 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, 2021 2020 Expected life (years) 4.1 4.0 Expected volatility 83.0 % 52.6 % Risk-free interest rates 0.79 % 0.34 % Expected dividend yield 0 % 0 % A summary of the restricted stock activity is as follows: Number of Shares Weighted Average Grant Date Fair Value Per Share Weighted Average Remaining Term Aggregate Intrinsic Value Nonvested shares at January 1, 2020 324,500 $ 1.03 Granted 0 Vested (324,500 ) 1.03 Forfeited 0 Nonvested shares at December 31, 2021 0 0 Granted 197,500 3.16 Vested 0 0 Forfeited 0 0 Nonvested shares at December 31, 2021 197,500 $ 3.16 5.58 $ 480,000 There were no 2021. 2020 The following table summarizes option activity for the year ended December 31, 2021: Number of Shares Weighted Average Exercise Price Per Share Weighted Average Remaining Term Aggregate Intrinsic 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 ) 1.50 Outstanding at December 31, 2021 2,746,250 1.10 Granted 38,000 3.24 Exercised (687,500 ) 1.21 Forfeited (107,000 ) 0.93 Expired (12,500 ) 0.96 Outstanding at December 31, 2021 1,977,250 $ 1.11 2.66 $ 2,635,000 Exercisable at December 31, 2021 448,050 $ 1.58 1.27 $ 382,000 The weighted average grant date fair value based on the Black-Scholes option pricing model for options granted in the years ended December 31, 2021 2020 2021 2020 As of December 31, 2021, December 31, 2021 2020

Note 17 - Stockholders' Equity

Note 17 - Stockholders' Equity	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	( 17 Stockholders Equity As of December 31, 2021 2020, October 2011. 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, 2021 2020 Foreign currency translation adjustments, net of tax $ (11,440 ) $ (10,847 ) Employee benefit related adjustments – U.S, net of tax (11,745 ) (13,867 ) Employee benefit related adjustments – Mexico, net of tax 191 16 Accumulated other comprehensive loss $ (22,994 ) $ (24,698 ) Changes in each component of accumulated other comprehensive loss consisted of the following: Foreign Currency Translation Defined Benefit Plans Accum. Other Comp Loss Balance at January 1, 2020 $ (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 ) Currency translation adjustments, net of tax (593 ) 0 (593 ) Net actuarial loss for the year, net of tax 0 1,684 1,684 Amortization for the year, net of tax 0 613 613 Balance at December 31, 2021 $ (11,440 ) $ (11,554 ) $ (22,994 )

Note 18 - Income Taxes

Note 18 - Income Taxes	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Income Tax Disclosure [Text Block]	( 18 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, 2021 2020 Domestic $ 408 $ (3,115 ) Foreign 3,588 1,823 Total $ 3,996 $ (1,292 ) The components of income tax expense (benefit) are as follows (in thousands): Year ended December 31, 2021 2020 Current: Federal $ 0 $ 0 State 6 (125 ) Foreign 52 235 Total current income tax expense 58 110 Deferred: Federal 0 0 State 0 0 Foreign 1,015 (3,070 ) Total deferred income tax expense (benefit) 1,015 (3,070 ) Income tax expense (benefit), net $ 1,073 $ (2,960 ) 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 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. On December 22, 2017, one 35% 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 2021 2020 no 2021. 2020 2021 2020 no 2021 2020. no 2021 2020. no 2021. 2020. December 31, 2021, 2018 2026 2037. 2018 December 31, 2021 At December 31, 2021, 2018 2026 2037. 2018 December 31, 2021 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, 2021 2020 Federal tax expense at the statutory rate $ 839 $ (271 ) Current year permanent differences (11 ) 273 State income taxes, net of federal tax impact 14 (166 ) Effect of tax rates of foreign subsidiary 323 151 Currency translation effect on temporary differences 111 223 Change in valuation allowance 919 (2,994 ) State NOL carryforwards (256 ) (471 ) Other (866 ) 295 Income tax expense (benefit), net $ 1,073 $ (2,960 ) The gross deferred tax asset for the Company’s Mexican subsidiary was $2,548,000 and $3,604,000 as of December 31, 2021 2020, Deferred income tax assets and liabilities are as follows (in thousands): Year ended December 31, 2021 2020 Deferred tax assets: Compensation and benefit accruals $ 328 $ 386 Inventory valuation 863 877 Federal and state net operating loss carryforwards 35,351 33,851 Deferred revenue 21 391 Accounts receivable allowance 15 7 Defined benefit pension plan 621 708 Lease liabilities 1,037 1,193 Foreign deferred revenue and other provisions 2,548 3,604 Other 779 718 Total 41,563 41,735 Domestic valuation allowance (37,441 ) (37,015 ) Total deferred tax assets 4,122 4,720 Deferred tax liabilities: Depreciation (714 ) (114 ) Right-of-use assets, net (860 ) (1,002 ) Total deferred tax liabilities (1,574 ) (1,116 ) Net deferred tax asset $ 2,548 $ 3,604 The ASC Income Tax Topic 740 two December 31, 2021 2020 $200,000 no December 31, 2021 2020. If the Company’s positions are sustained by the taxing authority, the entire balance at December 31, 2021 not 12 December 31, 2021 2020, 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 2018 2020, 2016

Note 19 - Earnings Per Common S

Note 19 - Earnings Per Common Share	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Earnings Per Share [Text Block]	( 19 Earnings 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 38,000 and 2,314,000 shares excluded from earnings per share for the year ended December 31, 2021 2020, A reconciliation of the weighted average shares outstanding used in the calculation of basic and diluted income per common share is as follows (in thousands): Year ended December 31, 2021 2020 Income attributable to stockholders: Net income as reported $ 2,923 $ 1,668 Less distributed and undistributed earnings allocable to restricted award holders (12 ) 0 Net income allocable to common stockholders $ 2,911 $ 1,668 Income per common share attributable to stockholders: Basic $ 0.14 $ 0.08 Diluted $ 0.13 $ 0.08 Weighted average shares outstanding – basic 21,585 21,084 Weighted average additional shares assuming conversion of potential common shares 1,416 2 Weighted average shares outstanding – diluted 23,001 21,086

Note 20 - Segment Information

Note 20 - Segment Information	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	( 20 Segment Information The Company is organized into two business segments, Sypris Technologies and Sypris Electronics. The segments are each managed separately because of the distinctions between the products, markets, customers, technologies, and workforce skills of the segments. Sypris Technologies generates revenue primarily from the sale of forged, machined, welded and heat-treated steel components primarily for the heavy commercial vehicle and high-pressure energy pipeline applications. Sypris Electronics provides circuit card and box build manufacturing, high reliability manufacturing, systems assembly and integration, design for manufacturability and design to specification work to customers in the market for aerospace and defense electronics. There was no intersegment net revenue recognized for any year presented. 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, 2021 2020 Net revenue from unaffiliated customers: Sypris Technologies $ 61,737 $ 45,321 Sypris Electronics 35,697 37,025 Total net revenue $ 97,434 $ 82,346 Gross profit: Sypris Technologies $ 8,115 $ 6,164 Sypris Electronics 6,391 5,888 Total gross profit $ 14,506 $ 12,052 Operating income (loss): Sypris Technologies $ 3,484 $ 1,731 Sypris Electronics 2,846 2,591 General, corporate and other (4,420 ) (4,232 ) Total operating income $ 1,910 $ 90 Interest expense, net: Sypris Technologies $ 281 $ 251 Sypris Electronics 37 25 General, corporate and other 550 562 Total interest expense $ 868 $ 838 SYPRIS SOLUTIONS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS CONTINUED Year ended December 31, 2021 2020 Other expense (income), net: Sypris Technologies $ 647 $ 547 Sypris Electronics (2 ) (3 ) General, corporate and other 0 0 Total other expense, net $ 645 $ 544 Income (loss) before income taxes: Sypris Technologies $ 2,555 $ 935 Sypris Electronics 2,812 2,567 General, corporate and other (1,371 ) (4,794 ) Total income (loss) before income taxes $ 3,996 $ (1,292 ) Income tax expense (benefit), net Sypris Technologies $ 1,067 $ (2,835 ) Sypris Electronics 0 0 General, corporate and other 6 (125 ) Total income tax expense (benefit), net $ 1,073 $ (2,960 ) Depreciation and amortization: Sypris Technologies $ 1,888 $ 1,791 Sypris Electronics 579 529 General, corporate and other 179 183 Total depreciation and amortization $ 2,646 $ 2,503 Capital expenditures: Sypris Technologies $ 2,392 $ 1,355 Sypris Electronics 403 138 General, corporate and other 29 49 Total capital expenditures $ 2,824 $ 1,542 December 31, 2021 2020 Total assets: Sypris Technologies $ 35,977 $ 31,425 Sypris Electronics 35,599 18,620 General, corporate and other 7,929 10,663 Total assets $ 79,505 $ 60,708 Total liabilities: Sypris Technologies $ 20,666 $ 19,974 Sypris Electronics 31,030 13,545 General, corporate and other 8,523 12,414 Total liabilities $ 60,219 $ 45,933 The Company’s export sales from the U.S. totaled $4,463,000 and $3,423,000 in 2021 2020, 2021 2020, December 31, 2021 2020, December 31, 2021 2020,

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
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 20
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
Capitalization of Implementation Costs in Cloud Computing [Policy Text Block]	Cloud Computing Arrangements The Company capitalizes implementation costs incurred in cloud computing (i.e., hosting arrangements) during the application development phase and depreciates the costs over the non-cancellable term of the cloud computing arrangements plus any option renewal periods that are reasonably certain to be exercised or for which the exercise is controlled by the service provider. The Company classifies the amortization of capitalized implementation costs in the same line item in the statement of operations as the fees associated with the hosting service (i.e., operating and SG&A expense) and classifies the related payments in the statement of cash flows in the same manner as payments made for fees associated with the hosting service (i.e. cash flows from operating activities). In addition, the capitalization of implementation costs is reflected in the balance sheet consistent with the location of prepayment of fees for the hosting element (i.e., within prepaid expenses and other current assets). As of December 31, 2021 2020, December 31, 2021 2020 not
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
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 and gross profit 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.
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, 2021 2020, December 31, 2021 2020
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 December 31, 2021 December 31, 2021 December 31, 2020 December 31, 2020 No December 31, 2021 2020. The Company’s largest customers for the year ended December 31, 2021 December 31, 2020, No 10% December 31, 2021 2020.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency Translation The functional currency for the Company’s Mexican subsidiary 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 subsidiary are included in other income, net.
Collective Bargaining Agreements [Policy Text Block]	Collective Bargaining Agreements Approximately 404, or 59% of the Company’s employees, all within Sypris Technologies, were covered by collective bargaining agreements at December 31, 2021. 12 December 31, 2021.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Standards In June 2016, 2016 13, 2016 - 13 December 15, 2022, January 1, 2023, not In December 2019, 2019 12, January 1, 2021. not
Reclassification, Comparability Adjustment [Policy Text Block]	Reclassifications Certain amounts in the Company’s 2020 2021 no

Note 2 - Leases (Tables)

Note 2 - Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Lease, Cost [Table Text Block]	December 31, 2021 2020 Finance lease expense Amortization expense $ 422 $ 425 Interest expense 230 261 Operating lease expense 1,406 1,406 Variable lease expense 315 317 Total lease expense $ 2,373 $ 2,409
Supplemental Cash Flow Information Related to Leases [Table Text Block]	December 31, 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,532 $ 1,363 Operating cash flows from finance leases 230 261 Financing cash flows from finance leases 499 715
Lessee, Operating and Finance Lease, Liability, Maturity [Table Text Block]	Operating Finance Leases Leases Next 12 months $ 1,492 $ 1,315 12 to 24 months 1,509 1,315 24 to 36 months 1,318 1,238 36 to 48 months 1,231 1,173 48 to 60 months 858 262 Thereafter 842 0 Total lease payments 7,250 5,303 Less imputed interest (1,309 ) (851 ) Total $ 5,941 $ 4,452
Lease Terms and Discount Rates for Leases [Table Text Block]	December 31, 2021 2020 Weighted-average remaining lease term (years): Operating leases 5.3 6.2 Finance leases 4.0 4.9 Weighted-average discount rate (percentage): Operating leases 8.0 8.0 Finance leases 8.5 10.2

Note 3 - Revenue From Contrac_2

Note 3 - Revenue From Contracts With Customers (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Disaggregation of Revenue [Table Text Block]	December 31, 2021 2020 Sypris Technologies – transferred point in time $ 61,737 $ 45,321 Sypris Electronics – transferred point in time 7,232 6,550 Sypris Electronics – transferred over time 28,465 30,475 Net revenue $ 97,434 $ 82,346

Note 5 - Accounts Receivable (T

Note 5 - Accounts Receivable (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	December 31, 2021 2020 Commercial $ 8,529 $ 7,264 Allowance for doubtful accounts (62 ) (30 ) Accounts receivable, net $ 8,467 $ 7,234

Note 6 - Inventory (Tables)

Note 6 - Inventory (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Inventory, Current [Table Text Block]	December 31, 2021 2020 Raw materials $ 23,694 $ 11,118 Work in process 6,702 6,210 Finished goods 1,497 762 Reserve for excess and obsolete inventory (1,793 ) (1,854 ) Inventory, net $ 30,100 $ 16,236

Note 7 - Other Current Assets (

Note 7 - Other Current Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Other Current Assets [Table Text Block]	December 31, 2021 2020 Prepaid expenses $ 1,343 $ 911 Contract assets 1,913 1,240 Other 2,612 2,209 Other current assets $ 5,868 $ 4,360

Note 8 - Property, Plant and _2

Note 8 - Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Property, Plant and Equipment [Table Text Block]	December 31, 2021 2020 Land and land improvements $ 43 $ 43 Buildings and building improvements 7,863 7,747 Machinery, equipment, furniture and fixtures 61,050 55,620 Construction in progress 858 609 69,814 64,019 Accumulated depreciation (55,674 ) (53,858 ) Property plant and equipment, net $ 14,140 $ 10,161 December 31, 2021 2020 Buildings and building improvements $ 2,864 $ 2,955 Machinery, equipment, furniture and fixtures 3,048 269 5,912 3,224 Accumulated depreciation (1,896 ) (1,522 ) Net $ 4,016 $ 1,702

Note 9 - Other Assets (Tables)

Note 9 - Other Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Other Assets [Table Text Block]	December 31, 2021 2020 Long term spare parts $ 455 $ 494 Long term deposits 280 286 Pension asset 595 380 Deferred tax asset, net 2,548 3,604 Other 292 244 Other assets $ 4,170 $ 5,008

Note 10 - Accrued Liabilities (

Note 10 - Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	December 31, 2021 2020 Salaries, wages, employment taxes and withholdings $ 1,548 $ 1,353 Employee benefit plans 861 1,216 Accrued professional fees 697 695 Income, property and other taxes 176 253 Contract liabilities – short term 15,013 6,816 Deferred gain from sale-leaseback 286 296 Other 1,065 1,340 Accrued liabilities $ 19,646 $ 11,969

Note 11 - Other Liabilities (Ta

Note 11 - Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Other Liabilities [Table Text Block]	December 31, 2021 2020 Noncurrent pension liability $ 4,647 $ 5,730 Deferred gain from sale leaseback 907 1,231 Contract liabilities – long term 4,875 523 Other 101 485 Other liabilities $ 10,530 $ 7,969

Note 12 - Debt (Tables)

Note 12 - Debt (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	December 31, 2021 2020 Current: Finance lease obligation, current portion $ 983 $ 393 Equipment financing obligations, current portion 336 0 PPP Loan, current portion 0 1,186 Current portion of long term debt and finance lease obligations $ 1,319 $ 1,579 Long Term: Finance lease obligations $ 3,469 $ 1,927 Equipment financing obligations 868 0 PPP Loan 0 2,372 Note payable – related party 6,500 6,500 Less unamortized debt issuance and modification costs (16 ) (23 ) Long term debt and finance lease obligations, net of unamortized debt costs $ 10,821 $ 10,776
Finance Lease, Liability, Fiscal Year Maturity [Table Text Block]	Next 12 months $ 403 12 to 24 months 403 24 to 36 months 345 36 to 48 months 152 48 to 60 months 77 Thereafter 0 Total payments 1,380 Less imputed interest (176 ) Total equipment financing obligations $ 1,204

Note 14 - Employee Benefit Pl_2

Note 14 - Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Net Benefit Costs [Table Text Block]	Year ended December 31, 2021 2020 Service cost $ 4 $ 5 Interest cost on projected benefit obligation 774 1,084 Net amortization of actuarial loss 613 631 Expected return on plan assets (773 ) (987 ) Net periodic benefit cost $ 618 $ 733
Net Periodic Benefit Cost Recognized in Income Statement [Table Text Block]	Year ended December 31, 2021 2020 Service cost: Selling, general and administrative expenses $ 4 $ 5 Other net periodic benefit costs: Other expense, net 614 728 Total $ 618 $ 733
Schedule of Changes in Projected Benefit Obligations [Table Text Block]	December 31, 2021 2020 Change in benefit obligation Benefit obligation at beginning of year $ 36,859 $ 36,050 Service cost 4 5 Interest cost 774 1,084 Actuarial loss (2,245 ) 2,516 Benefits paid (2,636 ) (2,796 ) Benefit obligation at end of year $ 32,756 $ 36,859 Change in plan assets: Fair value of plan assets at beginning of year $ 32,353 $ 31,738 Actual return on plan assets 37 2,549 Company contributions 297 862 Benefits paid (2,636 ) (2,796 ) Fair value of plan assets at end of year $ 30,051 $ 32,353 Underfunded status of the plans $ (2,705 ) (4,506 ) December 31, 2021 2020 Balance sheet assets (liabilities): Other assets $ 595 $ 380 Accrued liabilities (126 ) (596 ) Other liabilities (3,174 ) (4,290 ) Net amount recognized $ (2,705 ) $ (4,506 ) Pension plans with accumulated benefit obligation in excess of plan assets: Projected benefit obligation $ 22,846 $ 25,566 Accumulated benefit obligation 22,846 25,566 Fair value of plan assets 19,545 20,680 Projected benefit obligation and net periodic pension cost assumptions: Discount rate – projected benefit obligation 2.70 % 2.25 % Discount rate – net periodic pension cost 2.25 3.15 Rate of compensation increase N/A N/A Expected long-term rate of return on plan assets 1.80 - 2.95 3.05 - 3.40 December 31, 2021 2020 Weighted average asset allocation: Equity securities 16 % 17 % Debt securities 81 80 Other 3 3 Total 100 % 100 %
Schedule of Allocation of Plan Assets [Table Text Block]	Quoted Prices In Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Asset categories Cash and cash equivalents $ 2,371 $ 0 Equity securities: 0 U.S. Large Cap 2,008 0 U.S. Mid Cap 863 0 U.S. Small Cap 169 0 World Equity 1,733 0 Real Estate 405 0 Other 547 0 Fixed income securities 6,814 15,141 Total Plan Assets $ 14,910 $ 15,141 Quoted Prices In Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Asset categories Cash and cash equivalents $ 2,744 $ 0 Equity securities: 0 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
Schedule of Expected Benefit Payments [Table Text Block]	2022 $ 2,616 2023 2,546 2024 2,486 2025 2,416 2026 2,326 2027-2031 10,409 Total $ 22,799

Note 16 - Stock Option and Pu_2

Note 16 - Stock Option and Purchase Plans (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]	Year ended December 31, 2021 2020 Expected life (years) 4.1 4.0 Expected volatility 83.0 % 52.6 % Risk-free interest rates 0.79 % 0.34 % Expected dividend yield 0 % 0 %
Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]	Number of Shares Weighted Average Grant Date Fair Value Per Share Weighted Average Remaining Term Aggregate Intrinsic Value Nonvested shares at January 1, 2020 324,500 $ 1.03 Granted 0 Vested (324,500 ) 1.03 Forfeited 0 Nonvested shares at December 31, 2021 0 0 Granted 197,500 3.16 Vested 0 0 Forfeited 0 0 Nonvested shares at December 31, 2021 197,500 $ 3.16 5.58 $ 480,000
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Number of Shares Weighted Average Exercise Price Per Share Weighted Average Remaining Term Aggregate Intrinsic 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 ) 1.50 Outstanding at December 31, 2021 2,746,250 1.10 Granted 38,000 3.24 Exercised (687,500 ) 1.21 Forfeited (107,000 ) 0.93 Expired (12,500 ) 0.96 Outstanding at December 31, 2021 1,977,250 $ 1.11 2.66 $ 2,635,000 Exercisable at December 31, 2021 448,050 $ 1.58 1.27 $ 382,000

Note 17 - Stockholders' Equity

Note 17 - Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Stockholders Equity [Table Text Block]	December 31, 2021 2020 Foreign currency translation adjustments, net of tax $ (11,440 ) $ (10,847 ) Employee benefit related adjustments – U.S, net of tax (11,745 ) (13,867 ) Employee benefit related adjustments – Mexico, net of tax 191 16 Accumulated other comprehensive loss $ (22,994 ) $ (24,698 )
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Foreign Currency Translation Defined Benefit Plans Accum. Other Comp Loss Balance at January 1, 2020 $ (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 ) Currency translation adjustments, net of tax (593 ) 0 (593 ) Net actuarial loss for the year, net of tax 0 1,684 1,684 Amortization for the year, net of tax 0 613 613 Balance at December 31, 2021 $ (11,440 ) $ (11,554 ) $ (22,994 )

Note 18 - Income Taxes (Tables)

Note 18 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	Year ended December 31, 2021 2020 Domestic $ 408 $ (3,115 ) Foreign 3,588 1,823 Total $ 3,996 $ (1,292 )
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Year ended December 31, 2021 2020 Current: Federal $ 0 $ 0 State 6 (125 ) Foreign 52 235 Total current income tax expense 58 110 Deferred: Federal 0 0 State 0 0 Foreign 1,015 (3,070 ) Total deferred income tax expense (benefit) 1,015 (3,070 ) Income tax expense (benefit), net $ 1,073 $ (2,960 )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Year ended December 31, 2021 2020 Federal tax expense at the statutory rate $ 839 $ (271 ) Current year permanent differences (11 ) 273 State income taxes, net of federal tax impact 14 (166 ) Effect of tax rates of foreign subsidiary 323 151 Currency translation effect on temporary differences 111 223 Change in valuation allowance 919 (2,994 ) State NOL carryforwards (256 ) (471 ) Other (866 ) 295 Income tax expense (benefit), net $ 1,073 $ (2,960 )
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Year ended December 31, 2021 2020 Deferred tax assets: Compensation and benefit accruals $ 328 $ 386 Inventory valuation 863 877 Federal and state net operating loss carryforwards 35,351 33,851 Deferred revenue 21 391 Accounts receivable allowance 15 7 Defined benefit pension plan 621 708 Lease liabilities 1,037 1,193 Foreign deferred revenue and other provisions 2,548 3,604 Other 779 718 Total 41,563 41,735 Domestic valuation allowance (37,441 ) (37,015 ) Total deferred tax assets 4,122 4,720 Deferred tax liabilities: Depreciation (714 ) (114 ) Right-of-use assets, net (860 ) (1,002 ) Total deferred tax liabilities (1,574 ) (1,116 ) Net deferred tax asset $ 2,548 $ 3,604

Note 19 - Earnings Per Common_2

Note 19 - Earnings Per Common Share (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Year ended December 31, 2021 2020 Income attributable to stockholders: Net income as reported $ 2,923 $ 1,668 Less distributed and undistributed earnings allocable to restricted award holders (12 ) 0 Net income allocable to common stockholders $ 2,911 $ 1,668 Income per common share attributable to stockholders: Basic $ 0.14 $ 0.08 Diluted $ 0.13 $ 0.08 Weighted average shares outstanding – basic 21,585 21,084 Weighted average additional shares assuming conversion of potential common shares 1,416 2 Weighted average shares outstanding – diluted 23,001 21,086

Note 20 - Segment Information (

Note 20 - Segment Information (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Year ended December 31, 2021 2020 Net revenue from unaffiliated customers: Sypris Technologies $ 61,737 $ 45,321 Sypris Electronics 35,697 37,025 Total net revenue $ 97,434 $ 82,346 Gross profit: Sypris Technologies $ 8,115 $ 6,164 Sypris Electronics 6,391 5,888 Total gross profit $ 14,506 $ 12,052 Operating income (loss): Sypris Technologies $ 3,484 $ 1,731 Sypris Electronics 2,846 2,591 General, corporate and other (4,420 ) (4,232 ) Total operating income $ 1,910 $ 90 Interest expense, net: Sypris Technologies $ 281 $ 251 Sypris Electronics 37 25 General, corporate and other 550 562 Total interest expense $ 868 $ 838 Year ended December 31, 2021 2020 Other expense (income), net: Sypris Technologies $ 647 $ 547 Sypris Electronics (2 ) (3 ) General, corporate and other 0 0 Total other expense, net $ 645 $ 544 Income (loss) before income taxes: Sypris Technologies $ 2,555 $ 935 Sypris Electronics 2,812 2,567 General, corporate and other (1,371 ) (4,794 ) Total income (loss) before income taxes $ 3,996 $ (1,292 ) Income tax expense (benefit), net Sypris Technologies $ 1,067 $ (2,835 ) Sypris Electronics 0 0 General, corporate and other 6 (125 ) Total income tax expense (benefit), net $ 1,073 $ (2,960 ) Depreciation and amortization: Sypris Technologies $ 1,888 $ 1,791 Sypris Electronics 579 529 General, corporate and other 179 183 Total depreciation and amortization $ 2,646 $ 2,503 Capital expenditures: Sypris Technologies $ 2,392 $ 1,355 Sypris Electronics 403 138 General, corporate and other 29 49 Total capital expenditures $ 2,824 $ 1,542
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	December 31, 2021 2020 Total assets: Sypris Technologies $ 35,977 $ 31,425 Sypris Electronics 35,599 18,620 General, corporate and other 7,929 10,663 Total assets $ 79,505 $ 60,708 Total liabilities: Sypris Technologies $ 20,666 $ 19,974 Sypris Electronics 31,030 13,545 General, corporate and other 8,523 12,414 Total liabilities $ 60,219 $ 45,933

Note 1 - Organization and Sig_2

Note 1 - Organization and Significant Accounting Policies (Details Textual)	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019
Number of Operating Segments	2
Standard and Extended Product Warranty Accrual, Ending Balance	$ 659,000	$ 638,000
Product Warranty Expense	$ 252,000	$ 294,000
Multi Employer Plans Collective Bargaining Arrangement Number of Participants	404
Multiemployer Plan, Employees Covered by Collective-Bargaining Arrangement, Subject to Expiration in 12 Months	29
Employee Benefit Related Adjustments Mexico [Member]
Multi Employer Plans Collective Bargaining Arrangement Number of Participants	375
Multiemployer Plan, Pension, Significant, Employees Covered by Collective-Bargaining Arrangement to All Entity's Employees, Percentage	59.00%
Multiemployer Plan, Pension, Significant, Employees Covered by Collective-Bargaining Arrangement to All Participants, Percentage	55.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Three Customers [Member]
Concentration Risk, Percentage	50.00%
Number of Major Customers	3
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer Detroit Diesel [Member]
Concentration Risk, Percentage	25.00%	14.00%	10.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer ADI [Member]
Concentration Risk, Percentage	13.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer Subcom [Member]
Concentration Risk, Percentage	11.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Four Customers [Member]
Concentration Risk, Percentage		53.00%
Number of Major Customers		4
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer Sistemas [Member]
Concentration Risk, Percentage		17.00%
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 Detroit Diesel [Member]
Concentration Risk, Percentage	18.00%	12.00%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer Sistemas [Member]
Concentration Risk, Percentage	21.00%	14.00%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Northrop Grumman [Member]
Concentration Risk, Percentage	16.00%	22.00%
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
Capitalized Implementation Costs [Member]
Prepaid Expense and Other Assets	$ 89,000	$ 60,000

Note 2 - Leases (Details Textua

Note 2 - Leases (Details Textual) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Lessee, Operating Lease, Renewal Term (Year)	5 years
Operating Lease, Right-of-Use Asset	$ 5,140,000	$ 6,103,000
Operating Lease, Liability, Total	$ 5,941,000	$ 6,906,000
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, 2021	Dec. 31, 2020
Amortization expense	$ 422	$ 425
Interest expense	230	261
Operating lease expense	1,406	1,406
Variable lease expense	315	317
Total lease expense	$ 2,373	$ 2,409

Note 2 - Leases - Supplemental

Note 2 - Leases - Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Operating cash flows from operating leases	$ 1,532	$ 1,363
Operating cash flows from finance leases	230	261
Financing cash flows from finance leases	$ 499	$ 715

Note 2 - Leases - Maturities of

Note 2 - Leases - Maturities of Lease Liabilities (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Next 12 months, Operating Leases	$ 1,492,000
Next 12 months, Finance Leases	1,315,000
12 to 24 months, Operating Leases	1,509,000
12 to 24 months, Finance Leases	1,315,000
24 to 36 months, Operating Leases	1,318,000
24 to 36 months, Finance Leases	1,238,000
36 to 48 months, Operating Leases	1,231,000
36 to 48 months, Finance Leases	1,173,000
48 to 60 months, Operating Leases	858,000
48 to 60 months, Finance Leases	262,000
Thereafter, Operating Leases	842,000
Thereafter, Finance Leases	0
Total lease payments, Operating Leases	7,250,000
Total payments, equipment finance lease	5,303,000
Less imputed interest, Operating Leases	(1,309,000)
Less imputed interest, equipment finance lease	(851,000)
Total, Operating Leases	5,941,000	$ 6,906,000
Total equipment financing obligations, equipment lease finance	$ 4,452,000

Note 2 - Leases - Information R

Note 2 - Leases - Information Related to Lease Terms and Discount Rates (Details)	Dec. 31, 2021	Dec. 31, 2020
Operating leases (Year)	5 years 3 months 18 days	6 years 2 months 12 days
Finance leases (Year)	4 years	4 years 10 months 24 days
Operating leases	8.00%	8.00%
Finance leases	8.50%	10.20%

Note 3 - Revenue From Contrac_3

Note 3 - Revenue From Contracts With Customers 1 (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Revenue, Remaining Performance Obligation, Amount	$ 44,602,000
Contract with Customer, Asset, after Allowance for Credit Loss, Current, Total	1,913,000	$ 1,240,000
Contract with Customer, Liability, Total	19,888,000	7,339,000
Contract with Customer, Liability, Current	15,013,000	6,816,000
Contract with Customer, Liability, Noncurrent	4,875,000	523,000
Contract with Customer, Liability, Revenue Recognized from Contract Liabilities	6,400,000	7,619,000
Other Current Assets [Member]
Contract with Customer, Asset, after Allowance for Credit Loss, Current, Total	1,913,000	1,240,000
Accrued Liabilities [Member]
Contract with Customer, Liability, Current	15,013,000	6,816,000
Other Noncurrent Liabilities [Member]
Contract with Customer, Liability, Noncurrent	$ 4,875,000	$ 523,000

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]: 2022-01-01	Dec. 31, 2021
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	1 year
Revenue, Remaining Performance Obligation, Percentage	66.00%

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, 2021	Dec. 31, 2020
Net revenue	$ 97,434	$ 82,346
Sypris Technologies [Member]
Net revenue	61,737	45,321
Sypris Technologies [Member] | Transferred at Point in Time [Member]
Net revenue	61,737	45,321
Sypris Electronics [Member]
Net revenue	35,697	37,025
Sypris Electronics [Member] | Transferred at Point in Time [Member]
Net revenue	7,232	6,550
Sypris Electronics [Member] | Transferred over Time [Member]
Net revenue	$ 28,465	$ 30,475

Note 4 - Other Expense, Net (De

Note 4 - Other Expense, Net (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Other Nonoperating Income (Expense), Total	$ (645,000)	$ (544,000)
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component	(614,000)	(728,000)
Proceeds from Sale of Property, Plant, and Equipment, Total	$ 10,000	1,969,000
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)
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 5 - Accounts Receivable -

Note 5 - Accounts Receivable - Accounts Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Account receivable, long-term contracts or programs	$ 8,529	$ 7,264
Allowance for doubtful accounts	(62)	(30)
Accounts receivable, net	$ 8,467	$ 7,234

Note 6 - Inventory - Inventory

Note 6 - Inventory - Inventory Components (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Raw materials	$ 23,694	$ 11,118
Work in process	6,702	6,210
Finished goods	1,497	762
Reserve for excess and obsolete inventory	(1,793)	(1,854)
Inventory, net	$ 30,100	$ 16,236

Note 7 - Other Current Assets_2

Note 7 - Other Current Assets (Details Textual)	12 Months Ended
	Dec. 31, 2021
Percentage of Current Assets Included in Other Current Assets	5.00%

Note 7 - Other Current Assets -

Note 7 - Other Current Assets - Other Current Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Prepaid expenses	$ 1,343	$ 911
Contract assets	1,913	1,240
Other	2,612	2,209
Other current assets	$ 5,868	$ 4,360

Note 8 - Property, Plant and _3

Note 8 - Property, Plant and Equipment (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Depreciation, Total	$ 2,646,000	$ 2,503,000

Note 8 - Property, Plant and _4

Note 8 - Property, Plant and Equipment - Property, Plant and Equipment Components (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Gross property, plant and equipment	$ 69,814	$ 64,019
Accumulated depreciation	(55,674)	(53,858)
Property plant and equipment, net	14,140	10,161
Buildings and building improvements	5,912	3,224
Accumulated depreciation	(1,896)	(1,522)
Property, Plant and Equipment [Member]
Net	4,016	1,702
Land and Land Improvements [Member]
Gross property, plant and equipment	43	43
Building and Building Improvements [Member]
Gross property, plant and equipment	7,863	7,747
Buildings and building improvements	2,864	2,955
Machinery, Equipment, Furniture, and Fixtures [Member]
Buildings and building improvements	3,048	269
Property, Plant and Equipment, Other Types [Member]
Gross property, plant and equipment	61,050	55,620
Construction in Progress [Member]
Gross property, plant and equipment	$ 858	$ 609

Note 9 - Other Assets - Summary

Note 9 - Other Assets - Summary of Other Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Long term spare parts	$ 455	$ 494
Long term deposits	280	286
Pension asset	595	380
Deferred tax asset, net	2,548	3,604
Other	292	244
Other assets	$ 4,170	$ 5,008

Note 10 - Accrued Liabilities_2

Note 10 - Accrued Liabilities (Details Textual)	Dec. 31, 2021
Accrued Operating Expenses, Accrued Warranty Expenses, Accrued Interest, and Other Items	5.00%

Note 10 - Accrued Liabilities -

Note 10 - Accrued Liabilities - Summary of Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Salaries, wages, employment taxes and withholdings	$ 1,548	$ 1,353
Employee benefit plans	861	1,216
Accrued professional fees	697	695
Income, property and other taxes	176	253
Contract liabilities – short term	15,013	6,816
Deferred gain from sale-leaseback	286	296
Other	1,065	1,340
Accrued liabilities	$ 19,646	$ 11,969

Note 11 - Other Liabilities - O

Note 11 - Other Liabilities - Other Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Noncurrent pension liability	$ 4,647	$ 5,730
Deferred gain from sale leaseback	907	1,231
Contract liabilities – long term	4,875	523
Other	101	485
Other liabilities	$ 10,530	$ 7,969

Note 12 - Debt (Details Textual

Note 12 - Debt (Details Textual) - USD ($)	Jun. 28, 2021	Apr. 01, 2019	Dec. 31, 2021	Jul. 05, 2020	Dec. 31, 2021	Dec. 31, 2020	Mar. 31, 2021
Interest Costs Capitalized					$ 0	$ 0
Interest Paid, Excluding Capitalized Interest, Operating Activities					699,000	369,000
Proceeds from Notes Payable, Total					0	$ 3,558,000
Finance Lease, Liability, Total			$ 4,452,000		4,452,000
Machinery at Sypris Technologies Facility [Member]
Finance Lease, Liability, Total			$ 4,500,000		$ 4,500,000
Machinery at Sypris Technologies Facility [Member] | Finance Lease Obligations [Member]
Debt, Weighted Average Interest Rate			8.50%		8.50%
Outstanding Borrowings [Member]
Debt, Weighted Average Interest Rate			6.50%		6.50%	5.50%
Paycheck Protection Program CARES Act [Member]
Proceeds from Notes Payable, Total				$ 3,558,000
Notes Payable, Total				$ 3,558,000
Debt Instrument, Decrease, Forgiveness	$ 3,558,000				$ 3,599,000
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		18 months
Debt Instrument, Maximum Allowance of Interest Due on Deferred Payments, Percent					60.00%
Promissory Notes with Maturity on April 1, 2022 [Member] | Gill Family Capital Management [Member]
Subordinated Debt, Ending Balance			$ 2,500,000		$ 2,500,000
Promissory Notes with Maturity on April 1, 2024 [Member] | Gill Family Capital Management [Member]
Subordinated Debt, Ending Balance			2,000,000		2,000,000
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
Equipment Financing Obligations [Member]
Finance Lease, Liability, Total			1,204,000		1,204,000
Long-term Debt, Total			$ 1,200,000		$ 1,200,000
Equipment Financing Obligations [Member] | Minimum [Member]
Debt Instrument, Interest Rate, Effective Percentage			4.40%		4.40%
Equipment Financing Obligations [Member] | Maximum [Member]
Debt Instrument, Interest Rate, Effective Percentage			8.10%		8.10%

Note 12 - Debt - Debt Component

Note 12 - Debt - Debt Components (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Finance lease obligations, current portion	$ 983	$ 393
Equipment financing obligations, current portion	336	0
PPP Loan, current portion	0	1,186
Current portion of long term debt and finance lease obligations	1,319	1,579
Finance lease obligations, net of current portion	3,469	1,927
Equipment financing obligations	868	0
PPP Loan	0	2,372
Note payable – related party	6,500	6,500
Less unamortized debt issuance and modification costs	(16)	(23)
Long term debt and finance lease obligations, net of unamortized debt costs	$ 10,821	$ 10,776

Note 12 - Debt - Maturities of

Note 12 - Debt - Maturities of Equipment Financing Obligations (Details) $ in Thousands	Dec. 31, 2021USD ($)
Next 12 months, equipment finance lease	$ 1,315
12 to 24 months, equipment finance lease	1,315
24 to 36 months, equipment finance lease	1,238
36 to 48 months, equipment finance lease	1,173
48 to 60 months, equipment finance lease	262
Thereafter, equipment finance lease	0
Total payments, equipment finance lease	5,303
Less imputed interest, equipment finance lease	(851)
Total equipment financing obligations, equipment lease finance	4,452
Equipment Financing Obligations [Member]
Next 12 months, equipment finance lease	403
12 to 24 months, equipment finance lease	403
24 to 36 months, equipment finance lease	345
36 to 48 months, equipment finance lease	152
48 to 60 months, equipment finance lease	77
Thereafter, equipment finance lease	0
Total payments, equipment finance lease	1,380
Less imputed interest, equipment finance lease	(176)
Total equipment financing obligations, equipment lease finance	$ 1,204

Note 14 - Employee Benefit Pl_3

Note 14 - Employee Benefit Plans (Details Textual) - USD ($)	12 Months Ended		24 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021
Defined Benefit Plan Maximum Period Allocated for Calculating Average Compensation (Year)			10 years
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year	$ 109,000		$ 109,000
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), after Reclassification Adjustment, before Tax, Total	11,207,000
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, after Tax, Total	$ 613,000	$ 631,000
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	3.00%
Defined Benefit Plan, Funded (Unfunded) Status of Plan, Total	$ (2,705,000)	(4,506,000)	(2,705,000)
Other Liabilities [Member]
Defined Benefit Plan, Funded (Unfunded) Status of Plan, Total	$ 1,473,000	1,440,000	$ 1,473,000
Louisville Hourly Plan [Member]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	1.80%
Marion Plan [Member]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	2.95%
Louisville Salaried Plan [Member]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	2.60%
Defined Contribution Plan [Member]
Defined Contribution Plan, Cost	$ 361,000	350,000
Non US Employees Defined Benefit Plan [Member]
Defined Benefit Plan, Plan Assets, Administration Expense	$ 232,000	$ 199,000
Minimum [Member]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	1.80%	3.05%
Maximum [Member]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	2.95%	3.40%
Defined Benefit Plan, Equity Securities [Member] | Minimum [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	0.00%		0.00%
Defined Benefit Plan, Equity Securities [Member] | Maximum [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	55.00%		55.00%
Fixed Income Securities [Member] | Minimum [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	35.00%		35.00%
Fixed Income Securities [Member] | Maximum [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	100.00%		100.00%
Non Traditional Securities [Member] | Minimum [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	0.00%		0.00%
Non Traditional Securities [Member] | Maximum [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	10.00%		10.00%

Note 14 - Employee Benefit Pl_4

Note 14 - Employee Benefit Plans - Components of Pension Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Service cost	$ 4	$ 5
Interest cost on projected benefit obligation	774	1,084
Net amortization of actuarial loss	613	631
Expected return on plan assets	(773)	(987)
Net periodic benefit cost	$ 618	$ 733

Note 14 - Employee Benefit Pl_5

Note 14 - Employee Benefit Plans - Net Periodic Benefit Cost Recognized in Consolidated Statements of Operations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Selling, general and administrative expenses	$ 4,000	$ 5,000
Other expense, net	614,000	728,000
Total	618,000	733,000
Selling, General and Administrative Expenses [Member]
Selling, general and administrative expenses	$ 4,000	$ 5,000

Note 14 - Employee Benefit Pl_6

Note 14 - 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, 2021	Dec. 31, 2020
Benefit obligation at beginning of year	$ 36,859	$ 36,050
Service cost	4	5
Interest cost on projected benefit obligation	774	1,084
Actuarial loss	(2,245)	2,516
Benefits paid	(2,636)	(2,796)
Benefit obligation at end of year	32,756	36,859
Fair value of plan assets at beginning of year	32,353	31,738
Actual return on plan assets	37	2,549
Company contributions	297	862
Fair value of plan assets at end of year	30,051	32,353
Underfunded status of the plans	(2,705)	(4,506)
Other assets	595	380
Accrued liabilities	(126)	(596)
Other liabilities	(3,174)	(4,290)
Net amount recognized	(2,705)	(4,506)
Projected benefit obligation	22,846	25,566
Accumulated benefit obligation	22,846	25,566
Fair value of plan assets	$ 19,545	$ 20,680
Discount rate – projected benefit obligation	2.70%	2.25%
Discount rate – net periodic pension cost	2.25%	3.15%
Weighted average asset allocation:	100.00%
Minimum [Member]
Expected long-term rate of return on plan assets	1.80%	3.05%
Maximum [Member]
Expected long-term rate of return on plan assets	2.95%	3.40%
Equity Securities [Member]
Weighted average asset allocation:	16.00%
Debt Securities [Member]
Weighted average asset allocation:	81.00%
Other [Member]
Weighted average asset allocation:	3.00%

Note 14 - Employee Benefit Pl_7

Note 14 - Employee Benefit Plans - Summary of Fair Values of Pension Plan Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Fair value of plan assets	$ 30,051	$ 32,353	$ 31,738
Fair Value, Inputs, Level 1 [Member]
Fair value of plan assets	14,910	15,658
Fair Value, Inputs, Level 1 [Member] | Cash and Cash Equivalents [Member]
Fair value of plan assets	2,371	2,744
Fair Value, Inputs, Level 1 [Member] | Defined Benefit Plan, Equity Securities, US, Large Cap [Member]
Fair value of plan assets	2,008	2,272
Fair Value, Inputs, Level 1 [Member] | Defined Benefit Plan, Equity Securities, US, Mid Cap [Member]
Fair value of plan assets	863	867
Fair Value, Inputs, Level 1 [Member] | Defined Benefit Plan, Equity Securities, US, Small Cap [Member]
Fair value of plan assets	169	224
Fair Value, Inputs, Level 1 [Member] | Defined Benefit Plan, Equity Securities, Non-US [Member]
Fair value of plan assets	1,733	2,256
Fair Value, Inputs, Level 1 [Member] | Real Estate [Member]
Fair value of plan assets	405	391
Fair Value, Inputs, Level 1 [Member] | Other Equity Securities [Member]
Fair value of plan assets	547	600
Fair Value, Inputs, Level 1 [Member] | Fixed Income Securities [Member]
Fair value of plan assets	6,814	6,304
Fair Value, Inputs, Level 2 [Member]
Fair value of plan assets	15,141	16,695
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	$ 15,141	$ 16,695

Note 14 - Employee Benefit Pl_8

Note 14 - Employee Benefit Plans - Benefits Expected to be Paid (Details) $ in Thousands	Dec. 31, 2021USD ($)
2022	$ 2,616
2023	2,546
2024	2,486
2025	2,416
2026	2,326
2027-2031	10,409
Total	$ 22,799

Note 15 - Commitments and Con_2

Note 15 - Commitments and Contingencies (Details Textual) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Purchase Obligation, Total	$ 14,687,000
Accrual for Environmental Loss Contingencies, Ending Balance	$ 0	$ 0

Note 16 - Stock Option and Pu_3

Note 16 - Stock Option and Purchase Plans (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)	3,429,771	3,598,271
Share-based Payment Arrangement, Expense	$ 491,000	$ 426,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)	$ 1.97	$ 0.33
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in shares)	687,500	306,500
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 1,907,000	$ 392,000
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount	$ 762,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	1 year 3 months 18 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value	$ 515,000	113,000
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
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	$ 0	$ 392,000

Note 16 - Stock Option and Pu_4

Note 16 - Stock Option and Purchase Plans - Estimate Fair Value of Options Granted (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Expected life (years) (Year)	4 years 1 month 6 days	4 years
Expected volatility	83.00%	52.60%
Risk-free interest rates	0.79%	0.34%
Expected dividend yield	0.00%	0.00%

Note 16 - Stock Option and Pu_5

Note 16 - Stock Option and Purchase Plans - Summary of Restricted Stock Activity (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Granted (in shares)	197,500
Granted, weighted average grant date fair value (in dollars per share)	$ 3.16
Vested (in shares)	0
Vested, weighted average grant date fair value (in dollars per share)	$ 0
Forfeited (in shares)	0
Forfeited, weighted average grant date fair value (in dollars per share)	$ 0
Nonvested shares, weighted average grant date fair value (in dollars per share)	$ 3.16
Nonvested shares (in shares)	197,500
Nonvested shares, weighted average grant date fair value (in dollars per share)	$ 3.16
Nonvested shares, weighted average remaining term (Year)	5 years 6 months 29 days
Nonvested shares, aggregate intrinsic value	$ 480,000
Restricted Stock [Member]
Novested shares (in shares)	0	324,500
Nonvested shares, weighted average grant date fair value (in dollars per share)	$ 0	$ 1.03
Granted (in shares)		0
Granted, weighted average grant date fair value (in dollars per share)
Vested (in shares)		(324,500)
Vested, weighted average grant date fair value (in dollars per share)		$ 1.03
Forfeited (in shares)		0
Forfeited, weighted average grant date fair value (in dollars per share)
Nonvested shares, weighted average grant date fair value (in dollars per share)		$ 0
Nonvested shares (in shares)		0
Nonvested shares, weighted average grant date fair value (in dollars per share)		$ 0

Note 16 - Stock Option and Pu_6

Note 16 - Stock Option and Purchase Plans - Summary of Option Activity (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Outstanding, shares (in shares)	2,746,250	2,567,750
Outstanding, weighted average exercise price per share (in dollars per share)	$ 1.10	$ 1.26
Granted, shares (in shares)	38,000	930,000
Granted, weighted average exercise price per shar (in dollars per share)	$ 3.24	$ 0.82
Exercised, shares (in shares)	(687,500)	(306,500)
Exercised, weighted average exercise price per shar (in dollars per share)	$ 1.21	$ 0.96
Forfeited, shares (in shares)	(107,000)	0
Forfeited, weighted average exercise price per shar (in dollars per share)	$ 0.93	$ 0
Expired, shares (in shares)	(12,500)	(445,000)
Expired, weighted average exercise price per shar (in dollars per share)	$ 0.96	$ 1.50
Outstanding, shares (in shares)	1,977,250	2,746,250
Outstanding, weighted average exercise price per shar (in dollars per share)	$ 1.11	$ 1.10
Outstanding, weighted average remaining term (Year)	2 years 7 months 28 days
Outstanding, aggregate intrinsic value	$ 2,635,000
Exercisable, shares (in shares)	448,050
Exercisable, weighted average exercise price per share (in dollars per share)	$ 1.58
Exercisable, weighted average remaining term (Year)	1 year 3 months 7 days
Exercisable, aggregate intrinsic value	$ 382,000

Note 17 - Stockholders' Equit_2

Note 17 - Stockholders' Equity (Details Textual) - shares	Dec. 31, 2021	Dec. 31, 2020
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 17 - Stockholders' Equit_3

Note 17 - Stockholders' Equity - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Foreign currency translation adjustments, net of tax	$ (11,440)	$ (10,847)
Accumulated other comprehensive loss	(22,994)	(24,698)
Internal Revenue Service (IRS) [Member]
Employee benefit related adjustments, net of tax	(11,745)	(13,867)
Mexican Tax Authority [Member]
Employee benefit related adjustments, net of tax	$ 191	$ 16

Note 17 - Stockholders' Equit_4

Note 17 - Stockholders' Equity - Components of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Balance	$ 14,775
Currency translation adjustments, net of tax	(593)	$ (224)
Balance	19,286	14,775
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	(10,847)	(10,623)
Currency translation adjustments, net of tax	(593)	(224)
Net actuarial loss for the year, net of tax	0	0
Amortization for the year, net of tax	0	0
Balance	(11,440)	(10,847)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Balance	(13,851)	(13,428)
Currency translation adjustments, net of tax	0	0
Net actuarial loss for the year, net of tax	1,684	(1,054)
Amortization for the year, net of tax	613	631
Balance	(11,554)	(13,851)
AOCI Attributable to Parent [Member]
Balance	(24,698)	(24,051)
Currency translation adjustments, net of tax	(593)	(224)
Net actuarial loss for the year, net of tax	1,684	(1,054)
Amortization for the year, net of tax	613	631
Balance	$ (22,994)	$ (24,698)

Note 18 - Income Taxes (Details

Note 18 - Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Deferred Tax Assets, Foreign Deferred Revenue and Other Provision	$ 2,548,000	$ 3,604,000
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	6,000	13,000
Proceeds from Income Tax Refunds	0	5,000
Operating Loss Carryforwards, Total	109,358,000
Operating Loss Carryforwards, Subject to Expiration	103,386,000
Operating Loss Carryforwards, Not Subject to Expiration	5,972,000
State and Local Jurisdiction [Member] | FL [Member]
Operating Loss Carryforwards, Total	61,197,000
State and Local Jurisdiction [Member] | Kentucky 1 [Member]
Operating Loss Carryforwards, Total	48,161,000
Foreign Tax Authority [Member]
Income Taxes Paid	211,000	206,000
Proceeds from Income Tax Refunds	$ 0	0
Foreign Tax Authority [Member] | MEXICO
Income Tax Examination, Year under Examination	2016
Domestic Tax Authority [Member]
Income Taxes Paid	$ 0	0
Proceeds from Income Tax Refunds	0	92,000
Operating Loss Carryforwards, Total	146,619,000
Operating Loss Carryforwards, Subject to Expiration	135,646,000
Operating Loss Carryforwards, Not Subject to Expiration	$ 10,973,000
Mexican Subsidiaries [Member]
Deferred Tax Assets, Foreign Deferred Revenue and Other Provision		$ 3,717,000

Note 18 - Income Taxes - Compon

Note 18 - Income Taxes - Components of Income (Loss) From Continuing Operations Before Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Domestic	$ 408	$ (3,115)
Foreign	3,588	1,823
Total	$ 3,996	$ (1,292)

Note 18 - Income Taxes - Comp_2

Note 18 - Income Taxes - Components of Income Tax Expense (Benefit) Applicable to Continuing Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Current:
Federal	$ 0	$ 0
State	6	(125)
Foreign	52	235
Total current income tax expense	58	110
Deferred:
Federal	0	0
State	0	0
Foreign	1,015	(3,070)
Total deferred income tax expense (benefit)	1,015	(3,070)
Income tax expense (benefit), net	$ 1,073	$ (2,960)

Note 18 - Income Taxes - Summar

Note 18 - Income Taxes - Summary of Reconciliation of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Federal tax expense at the statutory rate	$ 839	$ (271)
Current year permanent differences	(11)	273
State income taxes, net of federal tax impact	14	(166)
Effect of tax rates of foreign subsidiary	323	151
Currency translation effect on temporary differences	111	223
Change in valuation allowance	919	(2,994)
State NOL carryforwards	(256)	(471)
Other	(866)	295
Income tax expense (benefit), net	$ 1,073	$ (2,960)

Note 18 - Income Taxes - Summ_2

Note 18 - Income Taxes - Summary of Deferred Income Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets:
Compensation and benefit accruals	$ 328,000	$ 386,000
Inventory valuation	863,000	877,000
Federal and state net operating loss carryforwards	35,351,000	33,851,000
Deferred revenue	21,000	391,000
Accounts receivable allowance	15,000	7,000
Defined benefit pension plan	621,000	708,000
Lease liabilities	1,037,000	1,193,000
Foreign deferred revenue and other provisions	2,548,000	3,604,000
Other	779,000	718,000
Total	41,563,000	41,735,000
Domestic valuation allowance	(37,441,000)	(37,015,000)
Total deferred tax assets	4,122,000	4,720,000
Deferred tax liabilities:
Depreciation	(714,000)	(114,000)
Right-of-use assets, net	(860,000)	(1,002,000)
Total deferred tax liabilities	(1,574,000)	(1,116,000)
Net deferred tax asset	$ 2,548,000	$ 3,604,000

Note 19 - Earnings Per Common_3

Note 19 - Earnings Per Common Share (Details Textual) - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	38,000	2,314,000

Note 19 - Earnings Per Common_4

Note 19 - Earnings 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, 2021	Dec. 31, 2020
Net income	$ 2,923	$ 1,668
Less distributed and undistributed earnings allocable to restricted award holders	(12)	0
Net income allocable to common stockholders	$ 2,911	$ 1,668
Basic (in dollars per share)	$ 0.14	$ 0.08
Diluted (in dollars per share)	$ 0.13	$ 0.08
Basic (in shares)	21,585	21,084
Weighted average additional shares assuming conversion of potential common shares (in shares)	1,416	2
Weighted average shares outstanding – diluted (in shares)	23,001	21,086

Note 20 - Segment Information_2

Note 20 - Segment Information (Details Textual)	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Number of Operating Segments	2
Revenue from Contract with Customer, Including Assessed Tax	$ 97,434,000	$ 82,346,000
International Operation [Member]
Export Sales	4,463,000	3,423,000
Revenues, Total	47,077,000	29,812,000
Long-Lived Assets	7,083,000	5,819,000
Net Assets, Ending Balance	16,336,000	$ 14,344,000
Intersegment Eliminations [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 0

Note 20 - Segment Information -

Note 20 - Segment Information - Financial Information From Reportable Segments - Income Statement (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Net revenue from unaffiliated customers	$ 97,434,000	$ 82,346,000
Gross profit (loss)	14,506,000	12,052,000
Operating income (loss)	1,910,000	90,000
Interest expense, net	868,000	838,000
Other (income) expense, net	(645,000)	(544,000)
Other expense, net	645,000	544,000
Income (loss) before taxes	3,996,000	(1,292,000)
Income tax expense (benefit), net	1,073,000	(2,960,000)
Depreciation and amortization	2,646,000	2,503,000
Capital expenditures	2,824,000	1,542,000
Sypris Technologies [Member]
Net revenue from unaffiliated customers	61,737,000	45,321,000
Gross profit (loss)	8,115,000	6,164,000
Operating income (loss)	3,484,000	1,731,000
Interest expense, net	281,000	251,000
Other (income) expense, net	647,000	547,000
Other expense, net	(647,000)	(547,000)
Income (loss) before taxes	2,555,000	935,000
Income tax expense (benefit), net	1,067,000	(2,835,000)
Depreciation and amortization	1,888,000	1,791,000
Capital expenditures	2,392,000	1,355,000
Sypris Electronics [Member]
Net revenue from unaffiliated customers	35,697,000	37,025,000
Gross profit (loss)	6,391,000	5,888,000
Operating income (loss)	2,846,000	2,591,000
Interest expense, net	37,000	25,000
Other (income) expense, net	(2,000)	(3,000)
Other expense, net	2,000	3,000
Income (loss) before taxes	2,812,000	2,567,000
Income tax expense (benefit), net	0	0
Depreciation and amortization	579,000	529,000
Capital expenditures	403,000	138,000
Corporate and Other [Member]
Operating income (loss)	(4,420,000)	(4,232,000)
Interest expense, net	550,000	562,000
Other (income) expense, net	0	0
Other expense, net	0	0
Income (loss) before taxes	(1,371,000)	(4,794,000)
Income tax expense (benefit), net	6,000	(125,000)
Depreciation and amortization	179,000	183,000
Capital expenditures	$ 29,000	$ 49,000

Note 20 - Segment Information_3

Note 20 - Segment Information - Financial Information From Reportable Segments - Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Total assets	$ 79,505	$ 60,708
Total liabilities	60,219	45,933
Sypris Technologies [Member]
Total assets	35,977	31,425
Total liabilities	20,666	19,974
Sypris Electronics [Member]
Total assets	35,599	18,620
Total liabilities	31,030	13,545
Corporate and Other [Member]
Total assets	7,929	10,663
Total liabilities	$ 8,523	$ 12,414