Intricon (IIN) 10-Q 12 May 16 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2016	Apr. 30, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Entity Registrant Name	INTRICON CORP
Entity Central Index Key	88,790
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		5,985,532

Consolidated Condensed Balance

Consolidated Condensed Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash	$ 553	$ 369
Restricted cash	640	610
Accounts receivable, less allowance for doubtful accounts of $136 at March 31, 2016 and $135 at December 31, 2015	8,924	8,578
Inventories	14,556	14,472
Other current assets	932	860
Total current assets	25,605	24,889
Machinery and equipment	39,273	38,653
Less: Accumulated depreciation	32,367	31,911
Net machinery and equipment	6,906	6,742
Goodwill	9,551	9,551
Investment in partnerships	188	224
Other assets, net	1,052	480
Total assets	43,302	41,886
Current liabilities:
Current maturities of long-term debt	1,941	1,908
Accounts payable	8,275	7,785
Accrued salaries, wages and commissions	1,918	2,559
Deferred gain	28	55
Other accrued liabilities	965	1,279
Total current liabilities	13,127	13,586
Long-term debt, less current maturities	9,603	7,929
Other postretirement benefit obligations	530	542
Accrued pension liabilities	824	812
Other long-term liabilities	137	120
Total liabilities	$ 24,221	$ 22,989
Commitments and contingencies
Equity:
Common stock, $1.00 par value per share; 20,000 shares authorized; 5,986 and 5,981 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	$ 5,986	$ 5,981
Additional paid-in capital	17,922	17,721
Accumulated deficit	(4,031)	(4,046)
Accumulated other comprehensive loss	(723)	(721)
Total shareholders' equity	19,154	18,935
Non-controlling interest	(73)	(38)
Total equity	19,081	18,897
Total liabilities and equity	$ 43,302	$ 41,886

Consolidated Condensed Balance3

Consolidated Condensed Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Consolidated Condensed Balance Sheets [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 136	$ 135
Common shares, par value	$ 1	$ 1
Common shares, shares authorized	20,000,000	20,000,000
Common shares, shares issued	5,986,000	5,981,000
Common shares, shares outstanding	5,986,000	5,981,000

Consolidated Condensed Statemen

Consolidated Condensed Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Consolidated Condensed Statements of Operations [Abstract]
Sales, net	$ 18,258	$ 16,602
Cost of sales	13,144	12,274
Gross profit	5,114	4,328
Operating expenses:
Sales and marketing	1,196	987
General and administrative	2,291	1,709
Research and development	1,416	1,226
Total operating expenses	4,903	3,922
Operating income	211	406
Interest expense	(126)	(103)
Other income (expense)	(70)	136
Income from continuing operations before income taxes	15	439
Income tax expense	34	155
Net income (loss)	(19)	284
Less: Loss allocated to non-controlling interest	(34)
Net income attributable to IntriCon shareholders	$ 15	$ 284
Net income (loss) per share attributable to IntriCon shareholders:
Basic	$ 0	$ 0.05
Diluted	$ 0	$ 0.05
Average shares outstanding:
Basic	5,981	5,849
Diluted	6,228	6,227

Consolidated Condensed Stateme5

Consolidated Condensed Statements Of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Consolidated Condensed Statements of Comprehensive Income (Loss) [Abstract]
Net income (loss)	$ (19)	$ 284
Interest rate swap, net of taxes of $0	(37)	(2)
Pension and postretirement obligations, net of taxes of $0	5
Foreign currency translation adjustment, net of taxes of $0	30	(108)
Comprehensive income	$ (21)	$ 174

Consolidated Condensed Stateme6

Consolidated Condensed Statements Of Comprehensive Income (Loss) (Parenthetical) $ in Thousands	15 Months Ended
	Mar. 31, 2016USD ($)
Consolidated Condensed Statements of Comprehensive Income (Loss) [Abstract]
Interest rate swap, tax	$ 0
Pension and postretirement obligations, tax	0
Foreign currency translation adjustment, tax	$ 0

Consolidated Condensed Stateme7

Consolidated Condensed Statements Of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net income (loss)	$ (19)	$ 284
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	494	423
Stock-based compensation	181	169
Change in deferred gain	(28)	(28)
Change in allowance for doubtful accounts	1	7
Equity in loss of partnerships	54	49
Changes in operating assets and liabilities:
Accounts receivable	(629)	92
Inventories	(85)	41
Other assets	(454)	297
Accounts payable	492	(335)
Accrued expenses	(913)	(382)
Non-controlling interest	34
Other liabilities	(61)	38
Net cash provided (used in) by operating activities	(933)	655
Cash flows from investing activities:
Purchases of property, plant and equipment	(624)	(711)
Other	(18)
Net cash used in investing activities	(642)	(711)
Cash flows from financing activities:
Proceeds from long-term borrowings	3,628	2,926
Repayments of long-term borrowings	(1,951)	(2,430)
Proceeds from employee stock purchases and exercise of stock options	24	42
Change in restricted cash	(42)	79
Net cash provided by financing activities	1,659	617
Effect of exchange rate changes on cash	100	(196)
Net increase in cash	184	365
Cash, beginning of period	369	328
Cash, end of period	$ 553	$ 693

General

General	3 Months Ended
	Mar. 31, 2016
General [Abstract]
General	1. General  In the opinion of management, the accompanying consolidated condensed financial statements contain all adjustments (consisting of normal recurring adjustments) necessary to present fairly IntriCon Corporation's (“IntriCon” or the “Company”) consolidated financial position as of March 31, 2016 and December 31, 2015, and the consolidated results of its operations and cash flows for the three months ended March 31, 2016 and 2015. Results of operations for the interim periods are not necessarily indicative of the results of operations expected for the full year or any other interim period.  The Company has evaluated subsequent events occurring after the date of the consolidated financial statements for events requiring recording or disclosure in the financial statements.

New Accounting Pronouncements

New Accounting Pronouncements	3 Months Ended
	Mar. 31, 2016
New Accounting Pronouncements [Abstract]
New Accounting Pronouncements	2. New Accounting Pronouncements  In February 2016, the Financial Accounting Standards Board (“FASB”) issued its final standard on accounting for leases. This standard, issued as ASU 2016-02, requires that an entity that is a lessee recognize lease assets and lease liabilities on the balance sheet for all leases and disclose key information about leasing arrangements. The core principle of this update is that a "lessee should recognize the assets and liabilities that arise from leases." This update is effective for financial statement periods beginning after December 15, 2018, with earlier application permitted. The Company has not yet determined the impact of this pronouncement on its financial statements and related disclosures.  In March 2016, the FASB issued its final standard on simplifying the accounting for share-based payment awards. This standard, issued as ASU 2016-09, simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification on the statement of cash flows, and accounting for forfeitures. This update is effective for financial statement periods beginning after December 15, 2016, with early adoption permitted. The Company has not yet determined the impact of this pronouncement on its financial statements and related disclosures.

Geographic Information

Geographic Information	3 Months Ended
	Mar. 31, 2016
Geographic Information [Abstract]
Geographic Information	3. Geographic Information  The geographical distribution of long-lived assets to geographical areas consisted of the following at:     March 31, December 31,  2016 2015  United States $ 5,393 $ 5,125  Other – primarily Singapore and Indonesia 1,513 1,617  Consolidated $ 6,906 $ 6,742    Long-lived assets consist of property and equipment and certain other assets that are difficult to move and relatively illiquid. Excluded from long-lived assets are investments in partnerships, patents, license agreements and goodwill. The Company capitalizes long-lived assets pertaining to the production of specialized parts. These assets are periodically reviewed to assure the net realizable value from the estimated future production based on forecasted cash flows exceeds the carrying value of the assets.   The geographical distribution of net sales to geographical areas for the three months ended March 31, 2016 and 2015 were as follows:       Three Months Ended  Net Sales to Geographical Areas March 31, 2016 March 31, 2015   United States $ 11,924 $ 12,452  Europe 3,297 1,840  Asia 2,868 2,012  All other countries 169 298  Consolidated $ 18,258 $ 16,602  Geographic net sales are allocated based on the location of the customer. All other countries include net sales primarily to various countries in Europe and in the Asian Pacific. Customer concentrations greater than 10% of consolidated net sales and account receivable are disclosed below. For the three months ended March 31, 2016 , one customer accounted for 39% of the Company’s consolidated net sales. For the three months ended March 31, 2015, one customer accounted for 39 % of the Company’s consolidated net sales. At March 31, 2016, two customers combined accounted for 25% of the Company’s consolidated accounts receivable. At December 31, 2015, two customers accounted for a combined 27 % of the Company’s consolidated accounts receivable.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2016
Inventories [Abstract]
Inventories	4. Inventories Inventories consisted of the following at:     Raw materials Work-in process Finished products and components Total  March 31, 2016  Domestic $ 5,888 $ 2,310 $ 3,153 $ 11,351  Foreign 2,135 572 498 3,205  Total $ 8,023 $ 2,882 $ 3,651 $ 14,556   December 31, 2015  Domestic $ 6,514 $ 1,706 $ 2,801 $ 11,021  Foreign 2,472 636 343 3,451  Total $ 8,986 $ 2,342 $ 3,144 $ 14,472 

Short And Long-Term Debt

Short And Long-Term Debt	3 Months Ended
	Mar. 31, 2016
Short And Long-Term Debt [Abstract]
Short And Long-Term Debt	5. Short and Long-Term Debt  Short and long-term debt is summarized as follows:       March 31, December 31,  2016 2015   Domestic Asset-Based Revolving Credit Facility $ 6,600 $ 4,674  Foreign Overdraft and Letter of Credit Facility 944 913  Domestic Term-Loan 4,000 4,250  Total Debt 11,544 9,837  Less: Current maturities (1,941) (1,908)  Total Long-Term Debt $ 9,603 $ 7,929  Domestic Credit Facilities The Company and its domestic subsidiaries are parties to a credit facility with The PrivateBank and Trust Company. The credit facility, as amended through March 31, 2016 , provide d for: § an $ 8,000 revolving credit facility, with a $ 200 sub facility for letters of credit. Under the revolving credit facility, the availability of funds depends on a borrowing base composed of stated percentages of the Company’s eligible trade receivables and eligible inventory, and eligible equipment less a reserve; and  § a term loan in the original amount of $ 5,000 . In April 2016, the Company and its domestic subsidiaries entered into an Eighth Amendment to the Loan and Security Agreement with The PrivateBank and Trust Company. The amendment, among other things: § increased the Company’s term loan to $6,000 from its then current balance of $4,000 , as a result of which the Company borrowed an additional $2,000 under the term loan facility;  § increased the Company’s revolving credit facility borrowing capacity to $9,000 from its current capacity of $8,000 ;  § increased the inventory cap on the borrowing base from $3,500 to $4,000 . Under the revolving credit facility as amended, the availability of funds depends on a borrowing base composed of stated percentages of the Company’s eligible trade receivables and inventory, less a reserve; and  § increased the maximum leverage ratio from 2.50 to 2.75 through December 31, 2016;  All of the borrowings under this agreement have been characterized as either a current or long-term liability on our balance sheet in accordance with the repayment terms described more fully below.  Loans under the credit facility are secured by a security interest in substantially all of the assets of the Company and its domestic subsidiaries including a pledge of the stock of its domestic subsidiaries. Loans under the credit facility bear interest at varying rates based on the Company’s leverage ratio of funded debt / EBITDA, at the option of the Company, at:  § the London InterBank Offered Rate (“LIBOR”) plus 2.50% to 4.00% , or  § the base rate, which is the higher of (a) the rate publicly announced from time to time by the lender as its “prime rate” and (b) the Federal Funds Rate plus 0.5% , plus 0.00% to 1.25% ; in each case, depending on the Company’s leverage ratio.  Interest is payable monthly in arrears, except that interest on LIBOR based loans is payable at the end of the one, two or three month interest periods applicable to LIBOR based loans. IntriCon is also required to pay a non-use fee equal to 0.25% per year of the unused portion of the revolving line of credit facility, payable quarterly in arrears. Weighted average interest on the revolving credit facility was 3.67% for the three months ended March 31, 2016 and 3.68 % for the year ended December 31, 2015. The outstanding balance of the revolving credit facility was $ 6,600 and $4,674 at March 31, 2016 and December 31, 2015, respectively. The total availability on the revolving credit facility was approximately $1,400 and $3,326 at March 31, 2016 and December 31, 2015, respectively. The outstanding principal balance of the term loan, as amended, is payable in quarterly installments of $ 250 . Any remaining principal and accrued interest is payable on February 28, 2019. IntriCon is also required to use 100 % of the net cash proceeds of certain asset sales (excluding inventory and certain other dispositions), sale of capital securities or issuance of debt to pay down the term loan.  The Company was in compliance with the financial covenants under the facility as of March 31, 2016.  Foreign Credit Facility In addition to its domestic credit facilities, the Company’s wholly-owned subsidiary, IntriCon, PTE LTD., entered into an international senior secured credit agreement with Oversea-Chinese Banking Corporation Ltd. that provides for an asset based line of credit. Borrowings bear interest at a rate of .75 % to 2.5 % over the lender’s prevailing prime lending rate. Weighted average interest on the international credit facilities was 3.35% and 3.37 % for the three months ended March 31, 2016 and the year ended December 31, 2015, respectively. The outstanding balance was $ 944 and $ 913 at March 31, 2016 and December 31, 2015, respectively. The total remaining availability on the international senior secured credit agreement was approximately $ 786 and $ 817 at March 31, 2016 and December 31, 2015, respectively.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2016
Income Taxes [Abstract]
Income Taxes	6. Income Taxes  Income tax expense for the three months ended March 31, 2016 was $ 34 compared to $ 155 for the same period in 2015. The expense for the three months ended March 31, 201 6 and 201 5 , was primarily due to foreign operations. The Company has net operating loss carryforwards for U.S. federal income tax purposes and, consequently, minimal federal benefit or expense from the domestic operations was recognized as the deferred tax asset has a full valuation allowance.  The following was the income (loss) before income taxes for each jurisdiction in which the Company has operations for the three months ended March 31, 2016 and 2015.      Three Months Ended  March 31, 2016 March 31, 2015  United States $ (332) $ (310)  Singapore 204 541  Indonesia 18 20  United Kingdom 55 -  Germany 70 188  Income before income taxes $ 15 $ 439 

Shareholders' Equity And Stock-

Shareholders' Equity And Stock-Based Compensation	3 Months Ended
	Mar. 31, 2016
Shareholders' Equity and Stock-based Compensation [Abstract]
Shareholders' Equity And Stock-Based Compensation	7. Shareholders’ Equity and Stock-based Compensation  The Company has a 2006 Equity Incentive Plan and a 2015 Equity Incentive Plan. The 2015 Equity Incentive Plan, which was approved by the shareholders on April 24, 2015, replaced the 2006 Equity Incentive Plan. New grants may not be made under the 2006 plan; however certain option grants under the 2006 plan remain exercisable as of March 31, 201 6 . The aggregate number of shares of common stock for which awards could be granted under the 2015 Equity Incentive Plan as of the date of adoption was 500 shares. Additionally, as outstanding options under the 2006 plan expire, the shares of the Company’s common stock subject to the expired options will become available for issuance under the 2015 Equity Incentive Plan. Under both plans, executives, employees and outside directors receive awards of options to purchase common stoc k. In addition, the Company may also grant stock awards, stock appreciation rights, restricted stock units and other equity-based awards, although no such awards, other than awards under the director program and management purchase program described below, had been granted as of March 31, 201 6 . Under all awards, the terms are fixed on the grant date. Generally, the exercise price of stock options equals the market price of the Company’s stock on the date of the grant. Options under the plans generally vest over three years, and have a maximum term of 10 years.  Additionally, the board has established the non-employee directors’ stock fee election program, referred to as the director program, as an award under the 2015 Equity Incentive Plan. The director program gives each non-employee director the right under the 2015 Equity Incentive Plan to elect to have some or all of his quarterly director fees paid in common shares rather than cash. No shares were issued in lieu of cash for director fees under the director program for the three months ended March 31, 2016 and 2015, respectively.  On July 23, 2008, the Compensation Committee of the Board of Directors approved the non-employee director and executive officer stock purchase program, referred to as the management purchase program, as an award under the 2015 Plan. The purpose of the management purchase program is to permit the Company’s non-employee directors and executive officers to purchase shares of the Company’s Common Stock directly from the Company. Pursuant to the management purchase program, as amended, participants may elect to purchase shares of Common Stock from the Company not exceeding an aggregate of $ 100 during any fiscal year. Participants may make such election one time during each twenty business day period following the public release of the Company’s earnings announcement, referred to as a window period, and only if such participant is not in possession of material, non-public information concerning the Company and subject to the discretion of the Board to prohibit any transactions in Common Stock by directors and executive officers during a window period. There were no shares purchased under the management purchase program during the three months ended March 31, 2016 and 2015, respectively.  Stock option activity as of and during the three months ended March 31, 2016 was as follows:       Weighted-average Aggregate  Number of Shares Exercise Price Intrinsic Value   Outstanding at December 31, 2015 1,324 $ 6.36  Options forfeited or cancelled - -  Options granted 128 7.58  Options exercised (1) 3.16   Outstanding at March 31, 2016 1,451 $ 6.47 $ 1,440   Exercisable at March 31, 2016 1,101 $ 6.35 $ 1,323   Available for future grant at December 31, 2015 490   Available for future grant at March 31, 2016 363  The number of shares available for future grants at March 31, 2016 does not include a total of up to 1,281 shares subject to options outstanding under the 2006 plan as of March 31, 2016 , which will become available for grant under the 2015 Equity Incentive Plan in the event of the expiration , cancellation or surrender of such options.  The fair value of each stock option granted is estimated on the date of grant using the Black-Scholes option-pricing model. The Black-Scholes option-pricing model was developed for use in estimating the fair value of traded options that have no vesting restrictions and are fully transferable. In addition, option-pricing models require the input of subjective assumptions, including the expected stock price volatility. Because the Company’s options have characteristics different from those of traded options, in the opinion of management, the existing models do not necessarily provide a reliable single measure of the fair value of its options. The weighted average fair value of options granted was $7.58 for options granted during the three months ended March 31, 2016 . The weighted average fair value of options granted was $ 4.37 for options granted during the three months ended March 31, 2015.  The Company calculates expected volatility for stock options and awards using the Company’s historical volatility.  The Company currently estimates a zero percent forfeiture rate for stock options, but will continue to review this estimate in future periods.  The risk-free rates for the expected terms of the stock options and awards are based on the U.S. Treasury yield curve in effect at the time of grant.  The weighted average remaining contractual life of options exercisable at March 31, 2016 was 4.29 years.  The Company recorded $ 181 of non-cash stock option expense for the three months ended March 31, 2016 . The Company recorded $ 169 of non-cash stock option expense for the three months ended March 31, 2015. As of March 31, 2016 , there was $1,139 of total unrecognized compensation costs related to non-vested awards that are expected to be recognized over a weighted-average period of 2.17 years. The Company also has an Employee Stock Purchase Plan (the “Purchase Plan”). The Purchase Plan, as amended, through March 31, 2016, provides that a maximum of 200 shares may be sold under the Purchase Plan. There were 4 shares purchased under the plan for the three months ended March 31, 2016 and a total of 3 shares purchased for the three months ended March 31, 2015. On April 28, 2016, the shareholders approved an amendment to this plan to increase the authorized shares by an additional 100 shares.

Income Per Share

Income Per Share	3 Months Ended
	Mar. 31, 2016
Income Per Share [Abstract]
Income Per Share	8. Income Per Share  The following table presents a reconciliation between basic and diluted earnings per share:       Three Months Ended  March 31, 2016 March 31, 2015  Numerator:  Net income attributable to IntriCon shareholders $ 15 $ 284   Denominator:  Basic – weighted shares outstanding 5,981 5,849  Weighted shares assumed upon exercise of stock options 247 378  Diluted – weighted shares outstanding 6,228 6,227   Net income (loss) per share attributable to IntriCon shareholders:  Basic $ 0.00 $ 0.05  Diluted $ 0.00 $ 0.05  The dilutive impact summarized above relates to the periods when the average market price of Company stock exceeded the exercise price of the potentially dilutive option securities granted. Earnings per common share was based on the weighted average number of common shares outstanding during the periods when computing the basic earnings per share. When dilutive, stock options are included as equivalents using the treasury stock method when computing the diluted earnings per share. Individual components of basic and diluted income (loss) per share may not sum to the total income (loss) per share due to rounding.

Legal Proceedings

Legal Proceedings	3 Months Ended
	Mar. 31, 2016
Legal Proceedings [Abstract]
Legal Proceedings	9. Legal Proceedings  The Company is a defendant along with a number of other parties in lawsuits alleging that plaintiffs have or may have contracted asbestos-related diseases as a result of exposure to asbestos products or equipment containing asbestos sold by one or more named defendants. These lawsuits relate to the discontinued heat technologies segment which was sold in March 2005. Due to the non-informative nature of the complaints, the Company does not know whether any of the complaints state valid claims against the Company. Certain insurance carriers have informed the Company that the primary policies for the period August 1, 1970-1978 have been exhausted and that the carriers will no longer provide defense and insurance coverage under those policies. However, the Company has other primary and excess insurance policies that the Company believes afford coverage for later years. Some of these other primary insurers have accepted defense and insurance coverage for these suits, and some of them have either ignored the Company’s tender of defense of these cases, or have denied coverage, or have accepted the tenders but asserted a reservation of rights and/or advised the Company that they need to investigate further. Because settlement payments are applied to all years a litigant was deemed to have been exposed to asbestos, the Company believes that it will have funds available for defense and insurance coverage under the non-exhausted primary and excess insurance policies. However, unlike the older policies, the more recent policies have deductible amounts for defense and settlements costs that the Company will be required to pay; accordingly, the Company expects that its litigation costs will increase in the future. Further, many of the policies covering later years (approximately 1984 and thereafter) have exclusions for any asbestos products or operations, and thus do not provide insurance coverage for asbestos-related lawsuits. The Company does not believe that the asserted exhaustion of some of the primary insurance coverage for the 1970-1978 period will have a material adverse effect on its financial condition, liquidity, or results of operations. Management believes that the number of insurance carriers involved in the defense of the suits, and the significant number of policy years and policy limits under which these insurance carriers are insuring the Company, make the ultimate disposition of these lawsuits not material to the Company's consolidated financial position or results of operations.  The Company’s former French subsidiary, Selas SAS, filed for insolvency in France. The Company may be subject to additional litigation or liabilities as a result of the French insolvency proceeding , including liabilities under guarantees aggregating approximately $445 .  The Company is also involved in other lawsuits arising in the normal course of business. While it is not possible to predict with certainty the outcome of these matters, management is of the opinion that the disposition of these lawsuits and claims will not materially affect our consolidated financial position, liquidity or results of operations. 

Related-Party Transactions

Related-Party Transactions	3 Months Ended
	Mar. 31, 2016
Related-Party Transactions [Abstract]
Related-Party Transactions	10. Related-Party Transactions  One of the Company’s subsidiaries leases office and factory space from a partnership consisting of three present or former officers of the subsidiary, including Mark Gorder, a member of the Company’s Board of Directors and the President and Chief Executive Officer of the Company. The subsidiary is required to pay all real estate taxes and operating expenses. The total base rent expense, real estate taxes and other charges incurred under the lease were approximately $ 121 for the three months ended March 31, 2016 and approximately $ 122 for the three months ended March 31, 2015.  The Company uses the law firm of Blank Rome LLP for legal services. A partner of that firm is the son-in-law of the Chairman of the Company’s Board of Directors. For the three months ended March 31, 2016 , the Company paid that firm approximately $ 67 for legal services and costs. For the three months ended March 31, 201 5 , the Company paid that firm approximately $48 for legal services and costs. The Chairman of our Board of Directors is considered independent under applicable Nasdaq and Securities Exchange Commission rules because (i) no payments were made to the Chairman or the partner directly in exchange for the services provided by the law firm and (ii) the amounts paid to the law firm did not exceed the thresholds contained in the Nasdaq standards. Furthermore, the aforementioned partner does not provide any legal services to the Company and is not involved in billing matters.

Revenue By Market

Revenue By Market	3 Months Ended
	Mar. 31, 2016
Revenue By Market [Abstract]
Revenue By Market	11. Revenue by Market  The following tables set forth, for the periods indicated, net revenue by market:     Three Months Ended  March 31, March 31,  2016 2015   Medical $ 10,033 $ 8,957  Hearing Health 6,468 5,564  Professional Audio Communications 1,757 2,081  Total Revenue $ 18,258 $ 16,602 

Geographic Information (Tables)

Geographic Information (Tables)	3 Months Ended
	Mar. 31, 2016
Geographic Information [Abstract]
Geographical Distribution Of Long-Lived Assets	   March 31, December 31,  2016 2015  United States $ 5,393 $ 5,125  Other – primarily Singapore and Indonesia 1,513 1,617  Consolidated $ 6,906 $ 6,742 
Geographical Distribution Of Net Sales	   Three Months Ended  Net Sales to Geographical Areas March 31, 2016 March 31, 2015   United States $ 11,924 $ 12,452  Europe 3,297 1,840  Asia 2,868 2,012  All other countries 169 298  Consolidated $ 18,258 $ 16,602 

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2016
Inventories [Abstract]
Schedule Of Inventories	   Raw materials Work-in process Finished products and components Total  March 31, 2016  Domestic $ 5,888 $ 2,310 $ 3,153 $ 11,351  Foreign 2,135 572 498 3,205  Total $ 8,023 $ 2,882 $ 3,651 $ 14,556   December 31, 2015  Domestic $ 6,514 $ 1,706 $ 2,801 $ 11,021  Foreign 2,472 636 343 3,451  Total $ 8,986 $ 2,342 $ 3,144 $ 14,472 

Short And Long-Term Debt (Table

Short And Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2016
Short And Long-Term Debt [Abstract]
Summary Of Short And Long-Term Debt	   March 31, December 31,  2016 2015   Domestic Asset-Based Revolving Credit Facility $ 6,600 $ 4,674  Foreign Overdraft and Letter of Credit Facility 944 913  Domestic Term-Loan 4,000 4,250  Total Debt 11,544 9,837  Less: Current maturities (1,941) (1,908)  Total Long-Term Debt $ 9,603 $ 7,929 

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2016
Income Taxes [Abstract]
Income (Loss) Before Income Taxes By Jurisdiction	   Three Months Ended  March 31, 2016 March 31, 2015  United States $ (332) $ (310)  Singapore 204 541  Indonesia 18 20  United Kingdom 55 -  Germany 70 188  Income before income taxes $ 15 $ 439 

Shareholders' Equity And Stoc23

Shareholders' Equity And Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2016
Shareholders' Equity and Stock-based Compensation [Abstract]
Schedule Of Stock Option Activity	   Weighted-average Aggregate  Number of Shares Exercise Price Intrinsic Value   Outstanding at December 31, 2015 1,324 $ 6.36  Options forfeited or cancelled - -  Options granted 128 7.58  Options exercised (1) 3.16   Outstanding at March 31, 2016 1,451 $ 6.47 $ 1,440   Exercisable at March 31, 2016 1,101 $ 6.35 $ 1,323   Available for future grant at December 31, 2015 490   Available for future grant at March 31, 2016 363 

Income Per Share (Tables)

Income Per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Income Per Share [Abstract]
Reconciliation Between Basic And Diluted Earnings Per Share	   Three Months Ended  March 31, 2016 March 31, 2015  Numerator:  Net income attributable to IntriCon shareholders $ 15 $ 284   Denominator:  Basic – weighted shares outstanding 5,981 5,849  Weighted shares assumed upon exercise of stock options 247 378  Diluted – weighted shares outstanding 6,228 6,227   Net income (loss) per share attributable to IntriCon shareholders:  Basic $ 0.00 $ 0.05  Diluted $ 0.00 $ 0.05 

Revenue By Market (Tables)

Revenue By Market (Tables)	3 Months Ended
	Mar. 31, 2016
Revenue By Market [Abstract]
Schedule Of Net Revenue By Market	   Three Months Ended  March 31, March 31,  2016 2015   Medical $ 10,033 $ 8,957  Hearing Health 6,468 5,564  Professional Audio Communications 1,757 2,081  Total Revenue $ 18,258 $ 16,602 

Geographic Information (Narrati

Geographic Information (Narrative) (Details) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2016USD ($)customer	Mar. 31, 2015USD ($)customer	Dec. 31, 2015customer
Revenue, Major Customer [Line Items]
Sales, net | $	$ 18,258	$ 16,602
Net Sales [Member] | One Customer [Member]
Revenue, Major Customer [Line Items]
Number of customers	1
Percentage of sales and/or receivables	39.00%
Net Sales [Member] | Two Customers [Member]
Revenue, Major Customer [Line Items]
Number of customers		1
Percentage of sales and/or receivables		39.00%
Accounts Receivable [Member] | Two Customers [Member]
Revenue, Major Customer [Line Items]
Number of customers	2		2
Percentage of sales and/or receivables	25.00%		27.00%

Geographic Information (Geograp

Geographic Information (Geographical Distribution Of Long-Lived Assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Revenues from External Customers and Long-Lived Assets [Line Items]
Consolidated	$ 6,906	$ 6,742
USA [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Consolidated	5,393	5,125
Other - Primarily Singapore And Indonesia [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Consolidated	$ 1,513	$ 1,617

Geographic Information (Geogr28

Geographic Information (Geographical Distribution Of Net Sales) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 18,258	$ 16,602
USA [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	11,924	12,452
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	3,297	1,840
Asia [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	2,868	2,012
All Other Countries [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 169	$ 298

Inventories (Schedule Of Invent

Inventories (Schedule Of Inventories) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Inventory [Line Items]
Raw materials	$ 8,023	$ 8,986
Work-in process	2,882	2,342
Finished products and components	3,651	3,144
Total	14,556	14,472
Domestic [Member]
Inventory [Line Items]
Raw materials	5,888	6,514
Work-in process	2,310	1,706
Finished products and components	3,153	2,801
Total	11,351	11,021
Foreign [Member]
Inventory [Line Items]
Raw materials	2,135	2,472
Work-in process	572	636
Finished products and components	498	343
Total	$ 3,205	$ 3,451

Short And Long-Term Debt (Narra

Short And Long-Term Debt (Narrative) (Details)	1 Months Ended	3 Months Ended	12 Months Ended
	Mar. 31, 2015USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2016	Feb. 28, 2015USD ($)	Aug. 13, 2009USD ($)
Short And Long-Term Debt Instrument [Line Items]
Credit facility, non-use fee percentage		0.25%
Domestic Asset-Based Revolving Credit Facility [Member]
Short And Long-Term Debt Instrument [Line Items]
Weighted average interest rate of debt instruments		3.67%	3.68%
International Credit [Member]
Short And Long-Term Debt Instrument [Line Items]
Weighted average interest rate of debt instruments		3.35%	3.37%
Credit facility, outstanding balance		$ 944,000	$ 913,000
Credit facility, available borrowing capacity		$ 786,000	817,000
Minimum interest rate of debt instruments		0.75%
Maximum interest rate of debt instruments		2.50%
Inventory [Member]
Short And Long-Term Debt Instrument [Line Items]
Line of credit facility collateral amount		$ 4,000,000	3,500,000
Federal Funds Rate [Member]
Short And Long-Term Debt Instrument [Line Items]
Basis spread on variable rate of debt instruments		0.50%
Domestic Term-Loan [Member]
Short And Long-Term Debt Instrument [Line Items]
Loan amount					$ 4,000,000	$ 5,000,000
Quarterly installments		$ 250,000
Percentage of proceeds from certain asset sales required to pay down term loan		100.00%
Domestic Term-Loan [Member] | Eighth Amendment To Loan And Security Agreement [Member]
Short And Long-Term Debt Instrument [Line Items]
Loan amount	$ 6,000,000
Additional term loan facility borrowed	$ 2,000,000
Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Short And Long-Term Debt Instrument [Line Items]
Basis spread on variable rate of debt instruments		2.50%
Minimum [Member] | Federal Funds Rate [Member]
Short And Long-Term Debt Instrument [Line Items]
Basis spread on variable rate of debt instruments		0.00%
Maximum [Member]
Short And Long-Term Debt Instrument [Line Items]
Leverage ratio		2.50
Maximum [Member] | Forecast [Member]
Short And Long-Term Debt Instrument [Line Items]
Leverage ratio				2.75
Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Short And Long-Term Debt Instrument [Line Items]
Basis spread on variable rate of debt instruments		4.00%
Maximum [Member] | Federal Funds Rate [Member]
Short And Long-Term Debt Instrument [Line Items]
Basis spread on variable rate of debt instruments		1.25%
Revolving Credit Facility [Member]
Short And Long-Term Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity		$ 9,000,000	8,000,000			8,000,000
Credit facility, outstanding balance		6,600,000	4,674,000
Credit facility, available borrowing capacity		$ 1,400,000	$ 3,326,000
Letters Of Credit [Member]
Short And Long-Term Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity						$ 200,000

Short And Long-Term Debt (Summa

Short And Long-Term Debt (Summary Of Short And Long-Term Debt) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Total Debt	$ 11,544	$ 9,837
Less: Current maturities	(1,941)	(1,908)
Total long-term debt	9,603	7,929
Domestic Asset-Based Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total Debt	6,600	4,674
Foreign Overdraft And Letter Of Credit Facility [Member]
Debt Instrument [Line Items]
Total Debt	944	913
Domestic Term-Loan [Member]
Debt Instrument [Line Items]
Total Debt	$ 4,000	$ 4,250

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Taxes [Abstract]
Income tax expense	$ 34	$ 155

Income Taxes (Income (Loss) Bef

Income Taxes (Income (Loss) Before Income Taxes By Jurisdiction) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Operating Loss Carryforwards [Line Items]
Income from continuing operations before income taxes	$ 15	$ 439
United States [Member]
Operating Loss Carryforwards [Line Items]
Income (loss) before income taxes, United States	(332)	(310)
Singapore [Member]
Operating Loss Carryforwards [Line Items]
Income (loss) before income taxes, Foreign	204	541
Indonesia [Member]
Operating Loss Carryforwards [Line Items]
Income (loss) before income taxes, Foreign	18	20
United Kingdom [Member]
Operating Loss Carryforwards [Line Items]
Income (loss) before income taxes, Foreign	55
Germany [Member]
Operating Loss Carryforwards [Line Items]
Income (loss) before income taxes, Foreign	$ 70	$ 188

Shareholders' Equity And Stoc34

Shareholders' Equity And Stock-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	Apr. 28, 2016	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate number of shares of common stock for which awards can be granted		363,000		490,000
Maximum amount of common stock participants may elect to purchase		$ 100
Window period		20 days
Weighted average fair value of options granted		$ 7.58	$ 4.37
Estimated forfeiture rate of stock options		0.00%
Weighted average remaining contractual life of options exercisable, years		4 years 3 months 15 days
Stock option expense		$ 181	$ 169
Unrecognized compensation costs related to non-vested awards		$ 1,139
Unrecognized compensation costs related to non-vested awards, recognition period		2 years 2 months 1 day
Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Increase in maximum number of shares approved	100,000
2015 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate number of shares of common stock for which awards can be granted		500,000
Management Purchase Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares purchased for award		0	0
2006 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate number of shares of common stock for which awards can be granted		1,281,000
Shares issued in lieu of cash for director fees under director program		0	0
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares purchased for award		4,000	3,000
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of options		10 years
Maximum [Member] | Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of shares approved under purchase plan		200,000

Shareholders' Equity And Stoc35

Shareholders' Equity And Stock-Based Compensation (Schedule Of Stock Option Activity) (Details) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)$ / sharesshares
Shareholders' Equity and Stock-based Compensation [Abstract]
Number of Shares, Outstanding	1,324
Number of Shares, Options granted	128
Number of Shares, Options exercised	(1)
Number of Shares, Outstanding	1,451
Number of Shares, Exercisable	1,101
Number of Shares, Available for future grant at December 31, 2015	490
Number of Shares, Available for future grant at March 31, 2016	363
Weighted-average Exercise Price, Outstanding | $ / shares	$ 6.36
Weighted-average Exercise Price, Options granted | $ / shares	7.58
Weighted-average Exercise Price, Options exercised | $ / shares	3.16
Weighted-average Exercise Price, Outstanding | $ / shares	6.47
Weighted-average Exercise Price, Exercisable | $ / shares	$ 6.35
Aggregate Intrinsic Value, Outstanding | $	$ 1,440
Aggregate Intrinsic Value, Exercisable | $	$ 1,323

Income Per Share (Reconciliatio

Income Per Share (Reconciliation Between Basic And Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Per Share [Abstract]
Net income attributable to IntriCon shareholders	$ 15	$ 284
Basic - weighted shares outstanding	5,981	5,849
Weighted shares assumed upon exercise of stock options	247	378
Diluted - weighted shares outstanding	6,228	6,227
Basic	$ 0	$ 0.05
Diluted	$ 0	$ 0.05

Legal Proceedings (Details)

Legal Proceedings (Details) $ in Thousands	Mar. 31, 2016USD ($)
Legal Proceedings [Abstract]
Selas SAS, Liabilities	$ 445

Related-Party Transactions (Det

Related-Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Related-Party Transactions [Abstract]
Total base rent expense, real estate taxes and other charges	$ 121	$ 122
Legal services and costs	$ 67	$ 48

Revenue By Market (Schedule Of

Revenue By Market (Schedule Of Net Revenue By Market) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenue, Major Customer [Line Items]
Total Revenue	$ 18,258	$ 16,602
Medical [Member]
Revenue, Major Customer [Line Items]
Total Revenue	10,033	8,957
Hearing Health [Member]
Revenue, Major Customer [Line Items]
Total Revenue	6,468	5,564
Professional Audio Communications [Member]
Revenue, Major Customer [Line Items]
Total Revenue	$ 1,757	$ 2,081