10-K/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 10-K/A

Amendment No. 1

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2016Commission file number 0-14938

STANLEY FURNITURE COMPANY, INC.

(Exact name of Registrant as specified in its Charter)

Delaware	54-1272589
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

200 North Hamilton Street, No. 200, High Point, North Carolina, 27260

     (Address of principal executive offices, Zip Code)

Registrant’s telephone number, including area code:  (336) 884-7700

Securities registered pursuant to Section 12(b) of the Act:

                                     Title of each class                                                                       Name of each exchange on which registered

    Common Stock, par value $.02 per share                                                                 Nasdaq Stock Market

     Preferred Stock Purchase Rights                                                                             Nasdaq Stock Market

Securities registered pursuant to Section 12(g) of the Act:  None

Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act: Yes ( )  No (x)

Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act: Yes ( )  No (x)

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days: Yes (x)  No ( )

Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate website, if any, every Interactive Date File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (Section 232.504 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit and post such files).  Yes (X)  No ( )

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (Section 229.405 of this chapter) is not contained herein, and will not be contained, to the best of Registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.  ( )

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act, (check one):

Large accelerated filer   ( )	Accelerated filer                  ( )
Non-accelerated filer     ( )	Smaller reporting company (x)
(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): Yes ( ) No (x)

Aggregate market value of the voting and non-voting common equity held by non-affiliates of the Registrant based on the closing price on June 30, 2016:  $30 million.

Indicate the number of shares outstanding of each of the Registrant’s classes of common stock as of February 17, 2016:

                 Common Stock, par value $.02 per share                                    14.730,805                              

                                (Class of Common Stock)                                          Number of Shares

Documents incorporated by reference:  Portions of the Registrant’s Proxy Statement for our Annual Meeting of Stockholders scheduled for May 25, 2017 are incorporated by reference into Part III.

EXPLANATORY NOTE

                We are filing this Amendment No. 1 on Form 10-K/A (“Amendment”) to amend our Annual Report on Form 10-K for the fiscal year ended December 31, 2016, as filed with the Securities and Exchange Commission (“SEC”) on February 23, 2017 (“Form 10-K”).  The sole purpose of this Amendment is to correct an inadvertent error in the Extensible Business Reporting Language (“XBRL”) information filed on Exhibit 101 to the original Form 10-K. 

                No changes have been made in this Amendment to modify or update the other disclosures presented in the Form 10-K.  This Amendment does not reflect events occurring after the filing of the Form 10-K or modify or update any disclosures in the Form 10-K that may be affected by such events.  This Amendment should be read in conjunction with the Form 10-K and our other filings with the SEC.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	STANLEY FURNITURE COMPANY, INC.
April 4, 2017	By:	/s/Glenn Prillaman
		Glenn Prillaman
		President and Chief Executive Officer

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Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Jun. 30, 2016	Feb. 17, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	STANLEY FURNITURE CO INC.
Document Type	10-K
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding			14,730,805
Entity Public Float		$ 30,000,000
Amendment Flag	true
Amendment Description	We are filing this Amendment No. 1 on Form 10-K/A ("Amendment") to amend our Annual Report on Form 10-K for the fiscal year ended December 31, 2016, as filed with the Securities and Exchange Commission ("SEC") on February 23, 2017 ("Form 10-K"). The sole purpose of this Amendment is to correct an inadvertent error in the Extensible Business Reporting Language ("XBRL") information filed on Exhibit 101 to the original Form 10-K. No changes have been made in this Amendment to modify or update the other disclosures presented in the Form 10-K. This Amendment does not reflect events occurring after the filing of the Form 10-K or modify or update any disclosures in the Form 10-K that may be affected by such events. This Amendment should be read in conjunction with the Form 10-K and our other filings with the SEC.
Entity Central Index Key	0000797465
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	FY

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CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash	$ 4,212	$ 6,497
Restricted cash	663	663
Accounts receivable, less allowances of $272 and $404	3,492	6,925
Inventory, net	22,951	20,934
Prepaid expenses and other current assets	729	959
Total current assets	32,047	35,978
Property, plant and equipment, net	1,606	1,787
Cash surrender value of life insurance policies, net		22,253
Other assets	2,868	3,128
Total assets	36,521	63,146
Current liabilities:
Accounts payable	5,674	5,441
Accrued salaries, wages and benefits	1,371	1,367
Deferred revenue	759	442
Other accrued expenses	593	334
Total current liabilities	8,397	7,584
Deferred compensation	4,219	4,301
Supplemental retirement plan	1,724	1,797
Other long-term liabilities	2,199	1,812
Total liabilities	16,539	15,494
Commitments and Contingencies (Footnote 10)
STOCKHOLDERS’ EQUITY
Common stock, $0.02 par value, 25,000,000 shares authorized, 14,730,805 and 14,906,831 shares issued and outstanding at December 31, 2016 and 2015, respectively	275	283
Capital in excess of par value	16,840	17,521
Retained earnings	5,129	32,023
Accumulated other comprehensive loss	(2,262)	(2,175)
Total stockholders’ equity	19,982	47,652
Total liabilities and stockholders’ equity	$ 36,521	$ 63,146

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CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Allowances (in Dollars)	$ 272	$ 404
Common stock par value (in Dollars per share)	$ 0.02	$ 0.02
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	14,730,805	14,906,831
Common stock, shares outstanding	14,730,805	14,906,831

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Net sales	$ 44,574	$ 57,364
Cost of sales	36,160	43,679
Gross profit	8,414	13,685
Selling, general and administrative expenses	13,982	12,661
Operating (loss) income	(5,568)	1,024
Income from Continued Dumping and Subsidy Offset Act, net	1,103	5,308
Other income, net	26	42
Interest expense, net	101	947
(Loss) income from continuing operations before income taxes	(4,540)	5,427
Income tax expense	718	76
Net (loss) income from continuing operations	(5,258)	5,351
Net (loss) from discontinued operations		(11)
Net (loss) income	$ (5,258)	$ 5,340
Basic (loss) income per share:
(Loss) income from continuing operations (in Dollars per share)	$ (0.37)	$ 0.37
(Loss) from discontinued operations (in Dollars per share)
Net (loss) income (in Dollars per share)	(0.37)	0.37
Diluted (loss) income per share:
(Loss) income from continuing operations (in Dollars per share)	(0.37)	0.37
(Loss) from discontinued operations (in Dollars per share)
Net (loss) income (in Dollars per share)	$ (0.37)	$ 0.37
Weighted average shares outstanding:
Basic (in Shares)	14,139	14,273
Diluted (in Shares)	14,139	14,542
Dividend per share:
Special dividend (in Dollars per share)	$ 1.50

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Net (loss) income	$ (5,258)	$ 5,340
Other comprehensive (loss) income:
Amortization of prior service credit		92
Actuarial loss (gain)	174	(497)
Amortization of actuarial loss	(87)	(117)
Adjustments to net periodic postretirement loss (benefit)	87	(522)
Comprehensive (loss) income	$ (5,345)	$ 5,862

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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS` EQUITY - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance at Dec. 31, 2014	$ 283	$ 16,710	$ 26,683	$ (2,697)	$ 40,979
Balance (in Shares) at Dec. 31, 2014	14,780
Net income (loss)			5,340		5,340
Other comprehensive income (loss)				522	522
Restricted stock grants (in Shares)	229
Restricted stock forfeited (in Shares)	(98)
Stock purchase and retirement for tax withholdings on vesting of restricted awards		(13)			(13)
Stock purchase and retirement for tax withholdings on vesting of restricted awards (in Shares)	(4)
Stock-based compensation		824			824
Balance at Dec. 31, 2015	$ 283	17,521	32,023	(2,175)	47,652
Balance (in Shares) at Dec. 31, 2015	14,907
Net income (loss)			(5,258)		(5,258)
Other comprehensive income (loss)				(87)	(87)
Special dividends declared			(21,636)		(21,636)
Restricted stock grants (in Shares)	231
Stock purchase and retirement	$ (8)	(1,004)			(1,012)
Stock purchase and retirement (in Shares)	(400)
Stock purchase and retirement for tax withholdings on vesting of restricted awards		(15)			(15)
Stock purchase and retirement for tax withholdings on vesting of restricted awards (in Shares)	(7)
Stock-based compensation		338			338
Balance at Dec. 31, 2016	$ 275	$ 16,840	$ 5,129	$ (2,262)	$ 19,982
Balance (in Shares) at Dec. 31, 2016	14,731

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operating activities:
Cash received from customers	$ 48,248,000	$ 56,271,000
Cash paid to suppliers and employees	(51,243,000)	(55,898,000)
Cash from Continued Dumping and Subsidy Offset Act, net	1,103,000	5,308,000
Interest paid, net	(191,000)	(987,000)
Income tax payments	(510,000)	(105,000)
Net cash (used in) provided by operating activities	(2,593,000)	4,589,000
Cash flows from investing activities:
Proceeds from surrender of corporate-owned life insurance policies	28,139,000
Decrease in restricted cash		527,000
Proceeds from sale of assets		4,000
Purchase of other assets	(14,000)	(15,000)
Net cash provided by investing activities	28,125,000	516,000
Cash flows from financing activities:
Stock purchase and retirement for tax withholdings on vesting of restricted awards	(15,000)	(13,000)
Payments on insurance policy loans	(5,495,000)	(5,461,000)
Payment of dividends	(21,282,000)
Purchase and retirement of common stock	(1,012,000)
Net cash used by financing activities	(27,804,000)	(5,474,000)
Cash flows from discontinued operations:
Cash (used in) provided by operating activities	(13,000)	1,282,000
Net cash (used in) provided by discontinued operations	(13,000)	1,282,000
Net (decrease) increase cash	(2,285,000)	913,000
Cash at beginning of year	6,497,000	5,584,000
Cash at end of year	4,212,000	6,497,000
Reconciliation of net (loss) income to net cash (used in) provided by operating activities:
Net (loss) income	(5,258,000)	5,340,000
Loss from discontinued operations		11,000
Depreciation	181,000	185,000
Amortization	289,000	285,000
Stock-based compensation	338,000	824,000
Other, net		14,000
Changes in assets and liabilities:
Accounts receivable	3,433,000	(1,072,000)
Inventories	(2,017,000)	3,282,000
Prepaid expenses and other assets	(176,000)	(1,747,000)
Accounts payable	233,000	(542,000)
Accrued salaries, wages and benefits	(250,000)	177,000
Other accrued expenses	235,000	(1,109,000)
Other long-term liabilities	399,000	(1,059,000)
Net cash (used in) provided by operating activities	$ (2,593,000)	$ 4,589,000

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Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

1.       Summary of Significant Accounting Policies

Organization and Basis of Presentation

The consolidated financial statements include Stanley Furniture Company, Inc. and our wholly owned subsidiaries.  All significant inter-company accounts and transactions have been eliminated.  We are a leading design, marketing and sourcing resource in the middle-to-upscale segment of the wood furniture residential market.

For financial reporting purposes, we operate in one reportable segment where substantially all revenues are from the sale of residential wood furniture products.

Cash

We consider all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents.

Restricted Cash

Restricted cash includes collateral deposits required under the Company’s line of credit agreement, to guarantee the Company’s workers compensation insurance policy.  The restricted cash balance is expected to mature over the next twelve months.

Accounts Receivable

Substantially all of our accounts receivable are due from retailers and dealers that sell residential home furnishings, which consist of a large number of entities with a broad geographic dispersion. We continually perform credit evaluations of our customers and generally do not require collateral. Once we have determined the receivable is uncollectible, it is charged against the allowance for doubtful accounts.  In the event a receivable is determined to be potentially uncollectible, we engage collection agencies to attempt to collect amounts owed to us after all internal collection attempts have ended.

Revenue Recognition

Sales are recognized when title and risk of loss pass to the customer, which typically occurs at the time of shipment.  In some cases, however, title does not pass until the shipment is delivered to the customer.  Revenue includes amounts billed to customers for shipping.  Provisions are made at the time revenue is recognized for estimated product returns and for incentives that may be offered to customers.  Amounts collected in advance of shipment are reflected as deferred revenue on the consolidated balance sheet and then recognized as revenue as the risk of loss passes to the customer.

Inventories

Inventories are stated at the lower of cost (first-in, first-out) or market.  Cost is determined based solely on those charges incurred in the acquisition and production of the related inventory (i.e. material, freight, labor and overhead).  Management regularly examines inventory to determine if there are indicators that the carrying value exceeds its net realizable value.  Experience has shown that the most significant indicators of the need for inventory markdowns are the age of the inventory and the planned discontinuance of certain items.  As a result, we provide inventory valuation write-downs based upon established percentages based on age of the inventory and planned discontinuance of certain items.  As of December 31, 2016 and 2015, we had approximately $23.0 million and $20.9 million of finished goods, net of a valuation allowance of $1.3 million and $1.4 million, respectively.

Property, Plant and Equipment

Depreciation of property, plant and equipment is computed using the straight-line method based upon the estimated useful lives.  Depreciation expense is charged to cost of sales or selling, general and administrative expenses based on the nature of the asset.  Gains and losses related to dispositions and retirements are included in income.  Maintenance and repairs are charged to income as incurred; renewals and betterments are capitalized.  Assets are reviewed for possible impairment when events indicate that the carrying amount of an asset may not be recoverable.  Assumptions and estimates used in the evaluation of impairment may affect the carrying value of property, plant and equipment, which could result in impairment charges in future periods.  Our depreciation policy reflects judgments on the estimated useful lives of assets.

Capitalized Software Cost

We amortize purchased computer software costs using the straight-line method over the estimated economic lives of the related products.  Unamortized cost at December 31, 2016 and 2015 was approximately $2.4 million and $2.7 million, respectively, and is included in other assets.

Cash Surrender Value of Life Insurance Policies

At December 31, 2015, we owned 27 life insurance policies as a funding arrangement for our deferred compensation plan discussed in Note 7.  These corporate-owned policies had a net cash surrender value of $22.3 million.  We had $5.5 million in loans and accrued interest outstanding against the cash surrender value.  The growth in cash surrender value of these corporate-owned policies, net of related premiums and plan administrative costs, is included in operating income.  Interest on the insurance policy loans is recorded as interest expense below operating income. In the first quarter of 2016, we liquidated the corporate-owned life insurance policies with cash surrender value of $28.1 million.  We received $22.4 million in proceeds, net of outstanding loans and accrued interest.

Actuarially valued benefit accruals and expenses

We maintain three actuarially valued benefit plans.  These are our deferred compensation plan, our supplemental employee retirement plan and our postretirement health care benefits program.  The liability for these programs and the majority of their annual expense are developed from actuarial valuations.  Inherent in these valuations are key assumptions, including discount rates and mortality projections, which are usually updated on an annual basis near the beginning of each year.  We are required to consider current market conditions, including changes in interest rates in making these assumptions.  Changes in projected liability and expense may occur in the future due to changes in these assumptions.  The key assumptions used in developing the projected liabilities and expenses associated with the plans are outlined in Note 7 of the consolidated financial statements.

Income Taxes

Deferred income taxes are determined based on the difference between the consolidated financial statement and income tax bases of assets and liabilities using enacted tax rates in effect in the years in which the differences are expected to reverse.  Deferred tax expense represents the change in the deferred tax asset/liability balance. Income tax credits are reported as a reduction of income tax expense in the year in which the credits are generated.  A valuation allowance is recorded when it is more likely than not that a deferred tax asset will not be realized.  Interest and penalties on uncertain tax positions are recorded as income tax expense.

Fair Value of Financial Instruments

Accounting for fair value measurements requires disclosure of the level within the fair value hierarchy in which fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).  The fair value of receivables and payables approximate the carrying amount because of the short maturity of these instruments.

Earnings per Common Share

Basic earnings per share is computed based on the weighted average number of common shares outstanding.  Diluted earnings per share includes any dilutive effect of outstanding stock options and restricted stock calculated using the treasury stock method.

Stock-Based Compensation

We record share-based payment awards at fair value on the grant date of the awards, based on the estimated number of awards that are expected to vest, over the vesting period.  The fair value of stock options was determined using the Black-Scholes option-pricing model.  The fair value of the restricted stock awards was based on the closing price of the Company’s common stock on the date of the grant.  For awards with performance conditions, we recognize compensation cost over the expected period to achieve the performance conditions, provided achievement of the performance conditions are deemed probable.

Use of Estimates

The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes.  Changes in such estimates may affect amounts reported in future periods.

Reclassifications

As of December 31, 2015, the Company reclassified approximately $442,000 of amounts collected in advance of shipment from accounts payable to deferred revenue.  As both accounts payable and deferred revenue are presented as current liabilities, management does not believe there to be a material impact on the consolidated financial statements taken as a whole.

New Accounting Pronouncements

In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”).  The amendments in ASU 2016-13 require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts.  In addition, ASU 2016-13 amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration.  The amendment is effective for public entities for annual reporting periods beginning after December 15, 2019, however early application is permitted for reporting periods beginning after December 15, 2018.  The Company does not anticipate ASU 2016-13 to have a material impact to the consolidated financial statements.

In February 2016, the FASB issued its final lease accounting standard, FASB Accounting Standard Codification ("ASC"), Leases (Topic 842) (“ASU 2016-02”), which requires lessees to recognize a right-of-use asset and a lease liability for virtually all of their leases (other than leases that meet the definition of a short-term lease).  The lease liability will be equal to the present value of lease payments and the right-of -use asset will be based on the lease liability, subject to adjustment such as for initial direct costs.  For income statement purposes, the new standard retains a dual model similar to ASC 840, requiring lases to be classified as either operating or finance.  For lessees, operating leases will result in straight-line expense (similar to current accounting by lessees for operating leases under ASC 840) while finance leases will result in a front-loaded expense pattern (similar to current accounting by lessees for capital leases under ASC 840).  Our leases as of December 31, 2016, principally relate to real estate leases for corporate office, showrooms and warehousing.  The new standard will be effective for the first quarter of our fiscal year ending December 31, 2019. Early adoption is permitted. We are evaluating the effect that ASU 2016-02 by reviewing all long-term leases and determining the potential impact it will have on our consolidated financial statements and related disclosures. The standard is to be applied under the modified retrospective method, with elective reliefs, which requires application of the new guidance for all periods presented.

In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting (“ASU 2016-09”).  The amendments in ASU 2016-09 simplify several aspects of the accounting for share-based payment transactions.  The new guidance requires that excess tax benefits (which represent the excess of actual tax benefits receive at the date of vesting or settlement over the benefits recognized over the vesting period or upon issuance of share-based payments) be recorded in the income statement as a reduction of income or income taxes when the awards vest or are settled.  The new guidance also requires excess tax benefits to be classified as an operating activity in the statement of cash flows rather than as a financing activity.   The new standard will be effective for the first quarter of our fiscal year ending December 31, 2017.  The adoption of this new standard will reduce our reported income taxes and will increase cash flows from operating activities; however, the amounts of that reduction/increase is dependent upon the underlying vesting or exercise activity and related future stock prices.

In August 2016, FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230).  The guidance is intended to reduce diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows.  This standard will be effective for the first quarter of our fiscal year ending December 31, 2018.  Early adoption is permitted, provided all amendments are adopted in the same period.  In November 2016, FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash.  We have reviewed the standard and determined that our statement of cash flows will include changes in restricted cash with related disclosures.  The guidance requires application using a retrospective transition method.  We do not anticipate ASU 2016-15 or ASU 2016-18 to have a material impact to our consolidated financial statements.

In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory (“ASU 2015-11”). The amendments in ASU 2015-11 require an entity to measure in scope inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonable predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using last-in, first-out (“LIFO”) or the retail inventory method. The amendments do not apply to LIFO or the retail inventory method. The amendments apply to all other inventory, which includes inventory that is measured using first-in, first-out (“FIFO”) or average cost.  The amendment is effective for public entities for fiscal years beginning after December 15, 2016 and should be applied prospectively, however early adoption is permitted. The Company does not anticipate ASU 2015-11 to have a material impact to the consolidated financial statements.

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606).  This standard is intended to improve, and converge with international standards, the financial reporting requirements for revenue from contracts with customers.  The new standard will be effective for the first quarter of our fiscal year ending December 31, 2018.  Early adoption is permitted but we do not expect to early adopt this new accounting pronouncement.  In preparation for this new standard, we are identifying all forms of agreements with our customers and will begin to evaluate the provisions in such agreements in light of the five-step model specified by the new guidance.  The five-step model includes: 1) determination of whether a contract – an agreement between two or more parties that creates legally enforceable rights and obligations exists; 2) identification of the performance obligations in the contract; 3) determination of the transaction price; 4) allocation of the transaction price to the performance obligations in the contract; and 5) recognition of revenue when (or as) the performance obligation is satisfied.  We are also evaluating the impact of the new standard on certain common practices currently employed by us and others in our industry, such as co-operative advertising, pricing allowances and consumer coupons.  We are in the initial phases and have not yet determined the impact of the new standard on our financial statements or whether we will adopt on a full or modified retrospective basis in the first quarter of our fiscal year ending December 31, 2018.

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Property, Plant and Equipment

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

2.       Property, Plant and Equipment

	Depreciable lives (in years)
		(in thousands)
		2016		2015
Machinery and equipment	5 to 12	$	2,675	$	2,675
Leasehold improvements	15		1,833		1,833
Property, plant and equipment, at cost			4,508		4,508
Less accumulated depreciation			2,902		2,721
Property, plant and equipment, net		$	1,606	$	1,787

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Debt

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

3.       Debt

We have a secured $6.0 million revolving credit facility with Wells Fargo Bank, National Association with an excess availability requirement of $2.0 million resulting in maximum borrowings of $4.0 million under the facility, subject to borrowing base eligibility requirements.  The credit facility matures in October 2018 and is secured by our accounts receivable, inventory and certain other assets. Borrowings under the credit facility bear interest at a variable per annum rate equal to the daily three month London Bank Interbank Offered Rate plus 3.5%.  

The credit facility contains covenants that, among other things limit our ability to incur certain types of debt or liens, pay dividends, enter into mergers and consolidations or use proceeds of borrowing for other than permitted uses.  The credit facility also includes a covenant requiring us to maintain a minimum fixed charge ratio of not less than 1.1 to 1.0 for the trailing twelve months with an initial compliance date at December 31, 2017.

At December 31, 2016, no borrowings were outstanding under this revolving credit facility.  

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Income Taxes

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

4.       Income Taxes

The provision for income tax expense (benefit) consists of (in thousands):

	2016		2015
Current:
Federal	$	525	$	52
State		193		24
Total current		718		76
Deferred:
Federal		-		-
State		-		-
Total deferred		-		-
Income tax expense (benefit)	$	718	$	76

A reconciliation of the difference between the federal statutory income tax rate and the effective income tax rate follows:

	2016		2015
Federal statutory rate	35.0	%	35.0	%
State tax, net of federal benefit	(6.1)		.6
State tax credits and adjustments	1.8		(1.9)
Change in cash surrender value of     life insurance policies	(185.1)		(9.0)
Valuation allowance increase (decrease)	143.2		(23.6)
Other, net	(4.6)		.3
Effective income tax rate	(15.8)	%	1.4	%

The income tax effects of temporary differences that comprise deferred tax assets and liabilities at December 31 follow (in thousands):

	2016		2015
Noncurrent deferred tax assets (liabilities):
Accounts receivable	$	99	$	150
Other accrued expenses		587		248
Property, plant and equipment		(1,190)		(1,255)
Employee benefits		3,979		4,252
Contribution carryforward		181		278
AMT credit		1,205		676
Net operating loss		7,727		14,845
Gross non-current deferred tax assets		12,588		19,194
Less valuation allowance		(12,588)		(19,194)
Net noncurrent deferred tax assets	$	-	$	-

We have U.S. federal net operating loss carryforwards of approximately $20.6 million which are available to reduce future taxable income.  The federal net operating loss will begin expiring in 2033.  We have combined state net operating loss carryforwards of $18.4 million that will expire at various times beginning in 2027.

During 2016, we recorded a non-cash credit to our valuation allowance of $6.6 million against our December 31, 2016 deferred tax assets.  The primary assets which are covered by this valuation allowance are employee benefits and net operating losses in excess of the amounts which can be carried back to prior periods. The valuation allowance was calculated in accordance with the provisions of ASC 740, Income Taxes, which requires an assessment of both positive and negative evidence when measuring the need for a valuation allowance.  Our results over the most recent three-year period were heavily affected by our business restructuring activities. Our cumulative loss, excluding income from the Continued Dumping and Subsidy Offset Act, in the most recent three-year period, in our view, represented sufficient negative evidence to require a valuation allowance.  We intend to maintain a valuation allowance until sufficient positive evidence exists to support its reversal, resulting in no deferred tax asset balance being recognized.  Should we determine that we will not be able to realize all or part of our deferred tax asset in the future, an adjustment to the deferred tax asset will be charged to income in the period such determination is made.

The unrecognized tax benefits activity for the year ended December 31 follows (in thousands):

	2016		2015
Unrecognized tax benefits balance at January 1	$	307	$	309
Gross increases in tax positions of prior years		164		-
Lapse of statute of limitations		-		(2)
Unrecognized tax benefits balance at December 31	$	471	$	307

As of December 31, 2016 and 2015, we had approximately $97,000 and $76,000 of accrued interest related to uncertain tax positions, respectively.

Total amount of unrecognized tax benefits that would affect our effective tax rate if recognized is $307,000 at December 31, 2016 and $200,000 at December 31, 2015. The 2010 through 2015 tax years remain open to examination by major taxing jurisdictions.    

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Stockholders' Equity

12 Months Ended

Dec. 31, 2016

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

5.       Stockholders’ Equity

In addition to common stock, authorized capital includes 1,000,000 shares of “blank check” preferred stock.  None was outstanding during the two years ended December 31, 2016.  The Board of Directors is authorized to issue such stock in series and to fix the designation, powers, preferences, rights, limitations and restrictions with respect to any series of such shares.  Such “blank check” preferred stock may rank prior to common stock as to dividend rights, liquidation preferences or both, may have full or limited voting rights and may be convertible into shares of common stock.

Basic and diluted earnings per share are calculated using the following share data (in thousands):

	2016	2015
Weighted average shares outstanding     for basic calculation	14,139	14,273
Dilutive effect of stock options	-	269
Weighted average shares outstanding     for diluted calculation	14,139	14,542

In 2016, the dilutive effect of stock options and restricted shares was not recognized since we had a net loss.   Approximately 1.1 million shares in 2016 and 1.2 million shares in 2015 that were issuable upon the exercise of stock options were not included in the diluted per share calculation because they were anti-dilutive.  In 2016 and 2015, approximately 544,000 and 51,000 shares of restricted stock, respectively, were not included because they were anti-dilutive.

We will repurchase common shares that are tendered by recipients of restricted stock awards to satisfy tax withholding obligations on vested restricted stock.  During 2016 and 2015, we repurchased 6,862 shares for approximately $15,000 and 4,622 shares for approximately $13,000, respectively.

In July 2012, the Board of Directors authorized the purchase of up to $5.0 million of our common stock.  These repurchases may be made from time to time in the open market, in privately negotiated transactions, or otherwise, at prices the Company deems appropriate.  During 2016, we repurchased 400,000 shares of common stock for approximately $1.0 million.  In 2015, no repurchases of our common stock were made pursuant to this authorization.  As of December 31, 2016, we have $3.0 million remaining on this authorization to repurchase our common stock.

During 2016, the Board of Directors declared two special dividends totaling $1.50 per share.  The first special dividend of $1.25 per share was distributed to shareholders on August 19, 2016 and the second special dividend of $.25 per share was distributed to shareholders on November 18, 2016. Approximately $354,000 in dividends payable relate to unvested restricted shares.

In the fourth quarter of 2016, the Board of Directors adopted a Rights Agreement designed to protect the Company’s substantial net operating loss carryforwards.  Under the Rights Agreement, company stockholders of record as of December 15, 2016 received one preferred share purchase right for each share of common stock they owned on such date.  If a person or group acquires beneficial ownership of 4.9% or more of the Company’s outstanding common stock (subject to certain specified exceptions), the rights will become exercisable.  The rights will also become exercisable if a person or group that already owns 4.9% or more of the Company’s outstanding common stock acquires an additional 1% or more of the Company’s outstanding common stock.  If the rights become exercisable, all holders of rights, other than the person or group triggering the rights, will be entitled to purchase Company common stock at a 50% discount.  Rights held by the person or group triggering the rights will become void and will not be exercisable. The rights have a de minimis fair value.

The rights trade with the Company’s common stock.  The Rights Agreement and the rights will expire on the first day after the Company’s 2017 annual meeting of stockholders unless the Company’s stockholders approve the Rights Agreement at the meeting, in which case the Rights Agreement and the rights will expire on December 5, 2019 (unless the Company’s NOLs are utilized prior to that date).  The Board may amend the Rights Agreement in any way or redeem the rights at any time unless and until the rights are triggered.

The Rights Agreement includes a procedure for the Board to consider requests to exempt a particular transaction from triggering the exercisability of the rights under the Rights Agreement if the transaction (i) does not (x) create a significant risk of the Company’s NOLs being impaired or (y) constitute a default under the change-in-control covenant included in the Company’s credit facility or (ii) is otherwise in the best interests of the Company.

The Company entered into Amendment No. 1, dated January 30, 2017, to the Rights Agreement.  This amendment amends the definition of Acquiring Person in the Rights Agreement to exclude any member of the Hale Group (Hale Partnership Fund, LP and certain affiliates that are parties to the agreement (Hale Agreement) dated January 30, 2017 with the Company), provided that any purchases made by members of the Hale Group after December 5, 2016 are made in compliance with Section 1(h) of the Hale Agreement.

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Stock Based Compensation

12 Months Ended

Dec. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

6.       Stock Based Compensation

The Stanley Furniture Company, Inc. 2012 Incentive Compensation Plan (Incentive Compensation Plan) provides for the granting of performance grants, performance shares, stock options, restricted stock, restricted stock units, and stock appreciation rights to employees and certain service providers.  Under this plan, the aggregate number of common shares that may be issued through awards of any form is 1.6 million. In addition, shares authorized under the 2008 Incentive Compensation Plan are also available for issuance under the Incentive Compensation Plan if they are unissued or subsequently expire, are forfeited or terminate unexercised.  

Stock Options

The options are issued at market value on the date of grant and have a term of 10 years from the grant date.   In general, employee grants vest ratably over a four to five-year period and Director grants vest after one year.  The fair value of each option is amortized into compensation expense on a straight-line basis between the grant date for the option and each vesting date.  We have estimated the fair value of all stock option awards as of the date of the grant by applying the Black-Scholes pricing valuation model.  

The application of this valuation model involves assumptions that are judgmental and sensitive in the determination of compensation expense.  No options were granted in 2016 or 2015.  

Stock option activity for the two years ended December 31, 2016, follows:

	Number of shares	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2014	1,371,354	$	5.97	5.7
Forfeited	(184,798)		4.31
Expired	(20,364)		23.41
Outstanding at December 31, 2015	1,166,192	$	5.93	4.7
Expired	(36,610)		23.88
Outstanding at December 31, 2016	1,129,582	$	5.35	3.8	$	-
Exercisable at December 31, 2016	1,129,582	$	5.35	3.8	$	-

There were no stock options exercised in 2016 and 2015.

Restricted Stock

The restricted stock awards are accounted for as “non-vested equity shares” until the awards vest or are forfeited.  In general, restricted stock awards for employees are time vested or performance vested and for non-employee directors vest at the end of their current term on the Board.  The fair value of each share of restricted stock is the market price of our stock on the grant date.  The fair value of each time vested award is amortized into compensation expense on a straight-line basis between the award date and the vesting date. Performance based awards are amortized into compensation expense based on the probability of meeting the performance criteria.   In 2016 and 2015, 221,745 and 140,442 of restricted stock awards vested and were released, respectively.  

The following table summarizes information about restricted stock awards for the two years ended December 31, 2016:

		Weighted-Average Grant Date  Fair Value
	Number of shares
Outstanding at December 31, 2014	544,248	$	3.74
Forfeited	(97,549)	$	3.45
Vested	(140,442)	$	3.29
Granted	228,676	$	2.86
Outstanding at December 31, 2015	534,933	$	3.53
Vested	(221,745)	$	4.01
Granted	230,836	$	2.52
Outstanding at December 31, 2016	544,024	$	2.89

As of December 31, 2016, there was $379,000 of total unrecognized compensation cost related to non-vested restricted stock awards, which is expected to be recognized over a weighted-average remaining vesting period of 2.4 years.

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Employee Benefits Plans

12 Months Ended

Dec. 31, 2016

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

7.       Employee Benefits Plans

Defined Contribution Plan

We maintain a defined contribution plan covering substantially all of our employees and make discretionary matching and profit sharing contributions.  The total plan cost, including employer contributions, was $16,000 in 2016 and $34,000 in 2015.  Employer contributions were suspended to the plan beginning in 2015.

Deferred Compensation Plan

Effective January 1986, we established an unfunded, nonqualified deferred compensation plan for select key executives (the “Plan”).  The Plan allowed participants to defer a portion of their compensation and, upon retirement, receive an annual payment for life with a minimum of 15 payments.  The Plan was frozen to new participants in 1991 and there are no active employees in the plan.  The Plan is accounted for in accordance with ASC 715, Pension Plans, which results in an accrued liability based on future benefit payments owed to each participant under the Plan, utilizing mortality assumptions and a high quality corporate bond discount rate.

Corporate-owned life insurance policies were purchased as a potential funding source for this Plan.  The Company had the ability to borrow against these policies or cash them in at any time.  The balance sheet reflected a cash surrender value asset of $22.3 million (net of $5.5 million in loans and accrued interest) at December 31, 2015.  Interest was paid on the borrowings at a rate of 13.13%, offset by a fixed rate of return of 12.63% on the borrowed portion of the cash surrender value of these policies, resulting in a net borrowing cost of 0.50%.  The fixed return on the non-borrowed cash surrender value of these policies is 4%.  In the first quarter of 2016, we liquidated the corporate-owned life insurance policies with cash surrender value of $28.1 million.  We received $22.4 million in proceeds, net of outstanding loans and accrued interest.  The decision to liquidate was made after continued review of the financial stability of Genworth Life Insurance Company, the issuer of the policies.  

The growth in the cash surrender value of these policies, net of related premiums and plan administrative costs, is included in operating income.  Interest charges for policy loans are included in interest expenses below operating income.  The growth in cash surrender value of these policies is not taxable unless the policies are cashed in, while the interest paid is deductible for tax purposes.  The liquidation of these policies in 2016 created approximately $24.0 million in taxable income which was offset by net operating loss carryforwards.   

The impact of the deferred compensation plan and corporate owned life insurance policies impact on net income is as follows (in thousands):

	2016		2015
Growth in cash surrender value of corporate-owned     life insurance policies	$	301	$	1,701
Deferred compensation plan expenses		352		506
Operating income impact		(51)		1,195
Interest expense on loans against corporate-owned     life insurance polices		109		948
Net income impact	$	(160)	$	247

The financial status of the deferred compensation plan based on actuarially valued benefits at December 31 follows (in thousands):

	2016		2015
Change in benefit obligation:
Beginning benefit obligation	$	4,749	$	5,412
Interest cost		160		182
Actuarial loss (gain)		210		(395)
Benefits paid		(450)		(450)
Ending benefit obligation	$	4,669	$	4,749
Change in plan assets:
Beginning fair value of plan assets		-		-
Employer contributions		450		450
Benefits paid		(450)		(450)
Ending fair value of plan assets		-		-
Funded status	$	(4,669)	$	(4,749)

Amount recognized in the consolidated balance sheet (in thousands):

	2016		2015
Current liabilities	$	(450)	$	(448)
Noncurrent liabilities		(4,219)		(4,301)
Total	$	(4,669)	$	(4,749)

Amount recognized in accumulated other comprehensive (loss) income (in thousands):

	2016		2015
Net loss	$	1,752	$	1,614

Components of net periodic benefit cost and other amounts recognized in other comprehensive (loss) income (in thousands):  

	2016		2015
Net periodic benefit cost:
Interest cost	$	160	$	182
Amortization of net loss		72		93
Net periodic benefit cost	$	232	$	275
Other changes in plan assets and benefit obligations     recognized in other comprehensive (loss) income:
Net loss (gain)	$	210	$	(395)
Amortization of net loss		(72)		(93)
Total recognized in other comprehensive (loss) income		138		(488)
Total recognized in net periodic benefit cost and other     comprehensive (loss) income	$	370	$	(213)

Approximately $84,000 in accumulated other comprehensive income (loss) is expected to be recognized as components of net periodic benefit cost during 2017.

The assumptions used to determine the plan’s financial status and postretirement benefit cost:

	2016	2015
Discount rate for funded status	3.50%	3.55%
Discount rate for benefit cost	3.55%	3.50%

Estimated future benefit payments are as follows (in thousands):

2017	$	450
2018		402
2019		391
2020		381
2021		364
2022 - 2026		1,582
Estimated contributions for 2017	$	450

Supplemental retirement plan and other postretirement benefits

Benefits under the supplemental retirement ceased to accrue after 1995.  Our postretirement health care benefits were terminated for current employees effective January 1, 2010.  Prior to this termination, we provided health care benefits to eligible retired employees between the ages of 55 and 65 and provide life insurance benefits to eligible retired employees from age 55 until death.  

The financial status of the plans at December 31 follows (in thousands):

	Supplemental Retirement Plan				Other Postretirement Benefits
	2016		2015		2016		2015
Change in benefit obligation:
Beginning benefit obligation	$	1,952	$	2,129	$	827	$	932
Interest cost		68		72		23		26
Plan participants’ contributions		-		-		46		50
Actuarial (gain) loss		14		(93)		(51)		(9)
Benefits paid		(155)		(156)		(135)		(172)
Ending benefit obligation	$	1,879	$	1,952	$	710	$	827
Change in plan assets:
Beginning fair value of plan assets		-		-		-		-
Employer contributions		155		156		89		122
Plan participants’ contributions		-		-		46		50
Benefits paid		(155)		(156)		(135)		(172)
Ending fair value of plan assets		-		-		-		-
Funded status	$	(1,879)	$	(1,952)	$	(710)	$	(827)

Amount recognized in the consolidated balance sheet (in thousands):

	Supplemental Retirement Plan				Other Postretirement Benefits
	2016		2015		2016		2015
Current liabilities	$	(155)	$	(155)	$	(88)	$	(92)
Noncurrent liabilities		(1,724)		(1,797)		(622)		(735)
Total	$	(1,879)	$	(1,952)	$	(710)	$	(827)

Amount recognized in accumulated other comprehensive (loss) income (in thousands):

	Supplemental Retirement Plan				Other Postretirement Benefits
	2016		2015		2016		2015
Net loss (gain)	$	686	$	704	$	(182)	$	(149)

Components of net periodic benefit cost and other amounts recognized in other comprehensive (loss) income (in thousands):      

	Supplemental Retirement Plan				Other Postretirement Benefits
	2016		2015		2016		2015
Net periodic benefit cost:
Interest cost	$	68	$	72	$	23	$	26
Amortization of net loss (gain)		32		36		(17)		(13)
Amortization of prior service cost		-		-		-		(92)
Net periodic benefit cost (income)	$	100	$	108	$	6	$	(79)
Other changes in plan assets and benefit obligations     recognized in other comprehensive income (loss):
Net loss (gain)	$	14	$	(93)	$	(51)	$	(9)
Amortization of net (loss) gain		(32)		(36)		17		13
Amortization of prior service cost		-		-		-		92
Total recognized in other comprehensive     (loss) income	$	(18)	$	(129)	$	(34)	$	96
Total recognized in net periodic benefit cost     and other comprehensive (loss) income	$	82	$	(21)	$	(28)	$	17

The amounts in accumulated other comprehensive (loss) income that are expected to be recognized as components of net periodic benefit cost during 2017 are as follows (in thousands):

	Supplemental Retirement Plan		Other Postretirement Benefits
Net loss (gain)	$	33	$	(16)

The assumptions used to determine the plan’s financial status and postretirement benefit cost:

		Supplemental Retirement Plan			Other Postretirement Benefits
	2016		2015		2016		2015
Discount rate for funded status		3.55%		3.65%		3.20%		3.20%
Discount rate for benefit cost		3.65%		3.50%		3.20%		3.10%
Health care cost assumed trend rate     for next year						6.00%		6.50%
Rate that the cost trend rate gradually     declines to						5.50%		5.50%
Year that the rate reaches the rate it is     assumed to remain at						2018		2018

An increase or decrease in the assumed health care cost trend rate of one percentage point in each future year would affect the accumulated postretirement benefit obligation at December 31, 2016 by approximately $50 and the annual postretirement benefit cost by approximately $2.

Estimated future benefit payments are as follows (in thousands):

	Supplemental Retirement Plan		Other Postretirement Benefits
Estimated net future benefit payments:
2017	$	155	$	88
2018		152		80
2019		148		76
2020		145		72
2021		141		67
2022 - 2026		645		259
Estimated contributions for 2017	$	155	$	88

The accrued liabilities relating to these plans are included in accrued salaries, wages and benefits and in long-term liabilities.  

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Discontinued Operations

12 Months Ended

Dec. 31, 2016

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

8.       Discontinued Operations

During the second quarter of 2014, we concluded that revenue on our Young America product line remained below the level needed to reach profitability and that the time frame needed to assure sustainable profitability was longer than we felt was economically justified.  Therefore, we made the decision to cease manufacturing operations at our Robbinsville, North Carolina facility and sell the related assets of this facility.  Manufacturing operations were ceased in the third quarter of 2014 and as a result this product line was reflected as a discontinued operation pursuant to the provisions of Accounting Standards Update No. 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (ASU 2014-08) for all periods presented.   

Loss from discontinued operations, net of taxes, comprised the following (in thousands):

	2016		2015
Net sales	$	-	$	553
Cost of sales		-		772
Selling, general and administrative expenses		-		(144)
Other income		-		64
Loss from discontinued operations before income taxes		-		(11)
Income tax (benefit) expense		-		-
Loss from discontinued operations, net of taxes	$	-	$	(11)

Loss from discontinued operations included write-down of inventories and other assets, severance and other termination costs and operating losses related to final manufacturing production.

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Income for Continued Dumping and Subsidy Offset Act (CDSOA)

12 Months Ended

Dec. 31, 2016

Income For Continued Dumping And Subsidy Offset Act [Abstract]

Income For Continued Dumping And Subsidy Offset Act [Text Block]

9.       Income for Continued Dumping and Subsidy Offset Act (CDSOA)

The CDSOA provides for distribution of monies collected by U.S. Customs and Border Protection (Customs) for imports covered by antidumping duty orders entering the United States through September 30, 2007 to qualified domestic producers.  In 2016 and 2015, we received $1.1 million and $5.3 million, respectively, in distributions of funds collected on antidumping duty orders entering the United States prior to September 2007.  The distribution amount in 2015 included $4.9 million of distributions for 2012, 2013 and 2014 that were withheld by Customs until pending ligation had been exhausted.  

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Commitments and Contingencies

12 Months Ended

Dec. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

10.       Commitments and Contingencies

Our leased facilities include warehouse and distribution space, showroom and office space and certain technology equipment.  These leases have varying terms up to ten years.  Rental expenses charged to operations were $3.0 million and $2.9 million in 2016 and 2015, respectively.  

At December 31, 2016, the future minimum lease payments for our current operating leases were as follows (in thousands):

	Total
2017	$	1,280
2018		1,374
2019		1,420
2020		1,308
2021		1,339
Thereafter		1,275
Total minimum lease payments	$	7,996

We currently have letters of credit to cover estimated exposures, most notably with workman’s compensation claims.  This agreement requires us to maintain a compensating balance with the issuer for the amounts outstanding.  We currently have letters of credit outstanding in the amount of $663,000.  The compensating balance amount is reflected as restricted cash on the consolidated balance sheet.

In the normal course of business, we are involved in claims and lawsuits, none of which currently, in management’s opinion, will have a material adverse effect on our Consolidated Financial Statements.

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Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

11.       Quarterly Results of Operations (Unaudited)

			(in thousands, except per share data)
2016 Quarters:	First			Second		Third		Fourth
Net Sales	$	11,683		$	12,053	$	11,036	$	9,802
Gross profit		2,541			2,062		1,835		1,976
Net loss	$	(1,485)		$	(1,392)	$	(2,080)	$	(301)	(1)
Net loss per share:
Basic	$	(.10)		$	(.10)	$	(.15)	$	(.02)
Diluted	$	(.10)		$	(.10)	$	(.15)	$	(.02)

2015 Quarters:	First			Second			Third		Fourth
Net Sales	$	14,672		$	15,133		$	13,760	$	13,799
Gross profit		2,983			3,839			3,410		3,453
Net income from continuing operations		2,773	(1)		1,268	(1)		391		919	(1)
Net (loss) income from discontinued operations		(118)			35			74		(2)
Net income	$	2,655	(1)	$	1,303	(1)	$	465	$	917	(1)
Basic earnings per share (2):
Net income from continuing operations	$	.20		$	.09		$	.03	$	.06
Net (loss) income from discontinued operations		(.01)			-			-		-
Net income	$	.19		$	.09		$	.03	$	.06
Diluted earnings per share (2):
Net income from continuing operations	$	.19		$	.09		$	.03	$	.06
Net (loss) income from discontinued operations		(.01)			-			-		-
Net income	$	.18		$	.09		$	.03	$	.06

(1)

Includes proceeds received from the Continued Dumping and Subsidy Offset Act, net of taxes, of $1.1 million in fourth quarter of 2016, $3.8 million in the first quarter of 2015, $1.1 million in the second quarter of 2015 and $407,000 in the fourth quarter of 2015.

(2)

The sum of individual quarterly net income per share may not agree to the total for the year due to each period’s computation being based on the weighted average number of common shares outstanding during each period.    

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SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2016

Valuation and Qualifying Accounts [Abstract]

Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS

For each of the Two Years in the Period Ended December 31, 2016

(in thousands)

Column A	Column B		Column C			Column D			Column E
Descriptions	Balance at Beginning of Period		Charged (Credited) to Costs & Expenses			Deductions			Balance at End of Period
2016
Doubtful receivables	$	267	$	91		$	241	(a)	$	117
Discounts, returns, and allowances		137		18	(b)		-			155
	$	404	$	109		$	241		$	272
Valuation allowance for deferred tax assets	$	19,194	$	-		$	6,606		$	12,588
2015
Doubtful receivables	$	189	$	93		$	15	(a)	$	267
Discounts, returns, and allowances		186		(49)	(b)		-			137
	$	375	$	44		$	15		$	404
Valuation allowance for deferred tax assets	$	21,724	$	-		$	2,530		$	19,194
(a)  Uncollectible receivables written-off, net of recoveries. (b)  Represents net increase (decrease) in the reserve.

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Accounting Policies, by Policy (Policies)

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Basis of Presentation and Significant Accounting Policies [Text Block]

Organization and Basis of Presentation

The consolidated financial statements include Stanley Furniture Company, Inc. and our wholly owned subsidiaries.  All significant inter-company accounts and transactions have been eliminated.  We are a leading design, marketing and sourcing resource in the middle-to-upscale segment of the wood furniture residential market.

For financial reporting purposes, we operate in one reportable segment where substantially all revenues are from the sale of residential wood furniture products.

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash

We consider all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents.

Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]

Restricted Cash

Restricted cash includes collateral deposits required under the Company’s line of credit agreement, to guarantee the Company’s workers compensation insurance policy.  The restricted cash balance is expected to mature over the next twelve months.

Trade and Other Accounts Receivable, Policy [Policy Text Block]

Accounts Receivable

Substantially all of our accounts receivable are due from retailers and dealers that sell residential home furnishings, which consist of a large number of entities with a broad geographic dispersion. We continually perform credit evaluations of our customers and generally do not require collateral. Once we have determined the receivable is uncollectible, it is charged against the allowance for doubtful accounts.  In the event a receivable is determined to be potentially uncollectible, we engage collection agencies to attempt to collect amounts owed to us after all internal collection attempts have ended.

Revenue Recognition, Policy [Policy Text Block]

Revenue Recognition

Sales are recognized when title and risk of loss pass to the customer, which typically occurs at the time of shipment.  In some cases, however, title does not pass until the shipment is delivered to the customer.  Revenue includes amounts billed to customers for shipping.  Provisions are made at the time revenue is recognized for estimated product returns and for incentives that may be offered to customers.  Amounts collected in advance of shipment are reflected as deferred revenue on the consolidated balance sheet and then recognized as revenue as the risk of loss passes to the customer.

Inventory, Policy [Policy Text Block]

Inventories

Inventories are stated at the lower of cost (first-in, first-out) or market.  Cost is determined based solely on those charges incurred in the acquisition and production of the related inventory (i.e. material, freight, labor and overhead).  Management regularly examines inventory to determine if there are indicators that the carrying value exceeds its net realizable value.  Experience has shown that the most significant indicators of the need for inventory markdowns are the age of the inventory and the planned discontinuance of certain items.  As a result, we provide inventory valuation write-downs based upon established percentages based on age of the inventory and planned discontinuance of certain items.  As of December 31, 2016 and 2015, we had approximately $23.0 million and $20.9 million of finished goods, net of a valuation allowance of $1.3 million and $1.4 million, respectively.

Property, Plant and Equipment, Policy [Policy Text Block]

Property, Plant and Equipment

Depreciation of property, plant and equipment is computed using the straight-line method based upon the estimated useful lives.  Depreciation expense is charged to cost of sales or selling, general and administrative expenses based on the nature of the asset.  Gains and losses related to dispositions and retirements are included in income.  Maintenance and repairs are charged to income as incurred; renewals and betterments are capitalized.  Assets are reviewed for possible impairment when events indicate that the carrying amount of an asset may not be recoverable.  Assumptions and estimates used in the evaluation of impairment may affect the carrying value of property, plant and equipment, which could result in impairment charges in future periods.  Our depreciation policy reflects judgments on the estimated useful lives of assets.

Intangible Assets, Finite-Lived, Policy [Policy Text Block]

Capitalized Software Cost

We amortize purchased computer software costs using the straight-line method over the estimated economic lives of the related products.  Unamortized cost at December 31, 2016 and 2015 was approximately $2.4 million and $2.7 million, respectively, and is included in other assets.

Cash Surrender Value of Life Insurance, Policy [Policy Text Block]

Cash Surrender Value of Life Insurance Policies

At December 31, 2015, we owned 27 life insurance policies as a funding arrangement for our deferred compensation plan discussed in Note 7.  These corporate-owned policies had a net cash surrender value of $22.3 million.  We had $5.5 million in loans and accrued interest outstanding against the cash surrender value.  The growth in cash surrender value of these corporate-owned policies, net of related premiums and plan administrative costs, is included in operating income.  Interest on the insurance policy loans is recorded as interest expense below operating income. In the first quarter of 2016, we liquidated the corporate-owned life insurance policies with cash surrender value of $28.1 million.  We received $22.4 million in proceeds, net of outstanding loans and accrued interest.

Actuarially Valued Benefit Accruals and Expenses Policy, [Policy Text Block]

Actuarially valued benefit accruals and expenses

We maintain three actuarially valued benefit plans.  These are our deferred compensation plan, our supplemental employee retirement plan and our postretirement health care benefits program.  The liability for these programs and the majority of their annual expense are developed from actuarial valuations.  Inherent in these valuations are key assumptions, including discount rates and mortality projections, which are usually updated on an annual basis near the beginning of each year.  We are required to consider current market conditions, including changes in interest rates in making these assumptions.  Changes in projected liability and expense may occur in the future due to changes in these assumptions.  The key assumptions used in developing the projected liabilities and expenses associated with the plans are outlined in Note 7 of the consolidated financial statements.

Income Tax, Policy [Policy Text Block]

Income Taxes

Deferred income taxes are determined based on the difference between the consolidated financial statement and income tax bases of assets and liabilities using enacted tax rates in effect in the years in which the differences are expected to reverse.  Deferred tax expense represents the change in the deferred tax asset/liability balance. Income tax credits are reported as a reduction of income tax expense in the year in which the credits are generated.  A valuation allowance is recorded when it is more likely than not that a deferred tax asset will not be realized.  Interest and penalties on uncertain tax positions are recorded as income tax expense.

Fair Value Measurement, Policy [Policy Text Block]

Fair Value of Financial Instruments

Accounting for fair value measurements requires disclosure of the level within the fair value hierarchy in which fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).  The fair value of receivables and payables approximate the carrying amount because of the short maturity of these instruments.

Earnings Per Share, Policy [Policy Text Block]

Earnings per Common Share

Basic earnings per share is computed based on the weighted average number of common shares outstanding.  Diluted earnings per share includes any dilutive effect of outstanding stock options and restricted stock calculated using the treasury stock method.

Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]

Stock-Based Compensation

We record share-based payment awards at fair value on the grant date of the awards, based on the estimated number of awards that are expected to vest, over the vesting period.  The fair value of stock options was determined using the Black-Scholes option-pricing model.  The fair value of the restricted stock awards was based on the closing price of the Company’s common stock on the date of the grant.  For awards with performance conditions, we recognize compensation cost over the expected period to achieve the performance conditions, provided achievement of the performance conditions are deemed probable.

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes.  Changes in such estimates may affect amounts reported in future periods.

Reclassification, Policy [Policy Text Block]

Reclassifications

As of December 31, 2015, the Company reclassified approximately $442,000 of amounts collected in advance of shipment from accounts payable to deferred revenue.  As both accounts payable and deferred revenue are presented as current liabilities, management does not believe there to be a material impact on the consolidated financial statements taken as a whole.

New Accounting Pronouncements, Policy [Policy Text Block]

New Accounting Pronouncements

In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”).  The amendments in ASU 2016-13 require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts.  In addition, ASU 2016-13 amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration.  The amendment is effective for public entities for annual reporting periods beginning after December 15, 2019, however early application is permitted for reporting periods beginning after December 15, 2018.  The Company does not anticipate ASU 2016-13 to have a material impact to the consolidated financial statements.

In February 2016, the FASB issued its final lease accounting standard, FASB Accounting Standard Codification ("ASC"), Leases (Topic 842) (“ASU 2016-02”), which requires lessees to recognize a right-of-use asset and a lease liability for virtually all of their leases (other than leases that meet the definition of a short-term lease).  The lease liability will be equal to the present value of lease payments and the right-of -use asset will be based on the lease liability, subject to adjustment such as for initial direct costs.  For income statement purposes, the new standard retains a dual model similar to ASC 840, requiring lases to be classified as either operating or finance.  For lessees, operating leases will result in straight-line expense (similar to current accounting by lessees for operating leases under ASC 840) while finance leases will result in a front-loaded expense pattern (similar to current accounting by lessees for capital leases under ASC 840).  Our leases as of December 31, 2016, principally relate to real estate leases for corporate office, showrooms and warehousing.  The new standard will be effective for the first quarter of our fiscal year ending December 31, 2019. Early adoption is permitted. We are evaluating the effect that ASU 2016-02 by reviewing all long-term leases and determining the potential impact it will have on our consolidated financial statements and related disclosures. The standard is to be applied under the modified retrospective method, with elective reliefs, which requires application of the new guidance for all periods presented.

In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting (“ASU 2016-09”).  The amendments in ASU 2016-09 simplify several aspects of the accounting for share-based payment transactions.  The new guidance requires that excess tax benefits (which represent the excess of actual tax benefits receive at the date of vesting or settlement over the benefits recognized over the vesting period or upon issuance of share-based payments) be recorded in the income statement as a reduction of income or income taxes when the awards vest or are settled.  The new guidance also requires excess tax benefits to be classified as an operating activity in the statement of cash flows rather than as a financing activity.   The new standard will be effective for the first quarter of our fiscal year ending December 31, 2017.  The adoption of this new standard will reduce our reported income taxes and will increase cash flows from operating activities; however, the amounts of that reduction/increase is dependent upon the underlying vesting or exercise activity and related future stock prices.

In August 2016, FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230).  The guidance is intended to reduce diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows.  This standard will be effective for the first quarter of our fiscal year ending December 31, 2018.  Early adoption is permitted, provided all amendments are adopted in the same period.  In November 2016, FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash.  We have reviewed the standard and determined that our statement of cash flows will include changes in restricted cash with related disclosures.  The guidance requires application using a retrospective transition method.  We do not anticipate ASU 2016-15 or ASU 2016-18 to have a material impact to our consolidated financial statements.

In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory (“ASU 2015-11”). The amendments in ASU 2015-11 require an entity to measure in scope inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonable predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using last-in, first-out (“LIFO”) or the retail inventory method. The amendments do not apply to LIFO or the retail inventory method. The amendments apply to all other inventory, which includes inventory that is measured using first-in, first-out (“FIFO”) or average cost.  The amendment is effective for public entities for fiscal years beginning after December 15, 2016 and should be applied prospectively, however early adoption is permitted. The Company does not anticipate ASU 2015-11 to have a material impact to the consolidated financial statements.

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606).  This standard is intended to improve, and converge with international standards, the financial reporting requirements for revenue from contracts with customers.  The new standard will be effective for the first quarter of our fiscal year ending December 31, 2018.  Early adoption is permitted but we do not expect to early adopt this new accounting pronouncement.  In preparation for this new standard, we are identifying all forms of agreements with our customers and will begin to evaluate the provisions in such agreements in light of the five-step model specified by the new guidance.  The five-step model includes: 1) determination of whether a contract – an agreement between two or more parties that creates legally enforceable rights and obligations exists; 2) identification of the performance obligations in the contract; 3) determination of the transaction price; 4) allocation of the transaction price to the performance obligations in the contract; and 5) recognition of revenue when (or as) the performance obligation is satisfied.  We are also evaluating the impact of the new standard on certain common practices currently employed by us and others in our industry, such as co-operative advertising, pricing allowances and consumer coupons.  We are in the initial phases and have not yet determined the impact of the new standard on our financial statements or whether we will adopt on a full or modified retrospective basis in the first quarter of our fiscal year ending December 31, 2018.

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Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]

	Depreciable lives (in years)
		(in thousands)
		2016		2015
Machinery and equipment	5 to 12	$	2,675	$	2,675
Leasehold improvements	15		1,833		1,833
Property, plant and equipment, at cost			4,508		4,508
Less accumulated depreciation			2,902		2,721
Property, plant and equipment, net		$	1,606	$	1,787

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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	2016		2015
Current:
Federal	$	525	$	52
State		193		24
Total current		718		76
Deferred:
Federal		-		-
State		-		-
Total deferred		-		-
Income tax expense (benefit)	$	718	$	76

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	2016		2015
Federal statutory rate	35.0	%	35.0	%
State tax, net of federal benefit	(6.1)		.6
State tax credits and adjustments	1.8		(1.9)
Change in cash surrender value of     life insurance policies	(185.1)		(9.0)
Valuation allowance increase (decrease)	143.2		(23.6)
Other, net	(4.6)		.3
Effective income tax rate	(15.8)	%	1.4	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	2016		2015
Noncurrent deferred tax assets (liabilities):
Accounts receivable	$	99	$	150
Other accrued expenses		587		248
Property, plant and equipment		(1,190)		(1,255)
Employee benefits		3,979		4,252
Contribution carryforward		181		278
AMT credit		1,205		676
Net operating loss		7,727		14,845
Gross non-current deferred tax assets		12,588		19,194
Less valuation allowance		(12,588)		(19,194)
Net noncurrent deferred tax assets	$	-	$	-

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	2016		2015
Unrecognized tax benefits balance at January 1	$	307	$	309
Gross increases in tax positions of prior years		164		-
Lapse of statute of limitations		-		(2)
Unrecognized tax benefits balance at December 31	$	471	$	307

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Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2016

Stockholders' Equity Note [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	2016	2015
Weighted average shares outstanding     for basic calculation	14,139	14,273
Dilutive effect of stock options	-	269
Weighted average shares outstanding     for diluted calculation	14,139	14,542

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Stock Based Compensation (Tables)

12 Months Ended

Dec. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

	Number of shares	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2014	1,371,354	$	5.97	5.7
Forfeited	(184,798)		4.31
Expired	(20,364)		23.41
Outstanding at December 31, 2015	1,166,192	$	5.93	4.7
Expired	(36,610)		23.88
Outstanding at December 31, 2016	1,129,582	$	5.35	3.8	$	-
Exercisable at December 31, 2016	1,129,582	$	5.35	3.8	$	-

Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]

		Weighted-Average Grant Date  Fair Value
	Number of shares
Outstanding at December 31, 2014	544,248	$	3.74
Forfeited	(97,549)	$	3.45
Vested	(140,442)	$	3.29
Granted	228,676	$	2.86
Outstanding at December 31, 2015	534,933	$	3.53
Vested	(221,745)	$	4.01
Granted	230,836	$	2.52
Outstanding at December 31, 2016	544,024	$	2.89

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Employee Benefits Plans (Tables)

12 Months Ended

Dec. 31, 2016

Compensation and Retirement Disclosure [Abstract]

Deferred Compensation Arrangement with Individual Disclosure, Postretirement Benefits [Table Text Block]

	2016		2015
Growth in cash surrender value of corporate-owned     life insurance policies	$	301	$	1,701
Deferred compensation plan expenses		352		506
Operating income impact		(51)		1,195
Interest expense on loans against corporate-owned     life insurance polices		109		948
Net income impact	$	(160)	$	247

Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan [Table Text Block]

	2016		2015
Change in benefit obligation:
Beginning benefit obligation	$	4,749	$	5,412
Interest cost		160		182
Actuarial loss (gain)		210		(395)
Benefits paid		(450)		(450)
Ending benefit obligation	$	4,669	$	4,749
Change in plan assets:
Beginning fair value of plan assets		-		-
Employer contributions		450		450
Benefits paid		(450)		(450)
Ending fair value of plan assets		-		-
Funded status	$	(4,669)	$	(4,749)

	Supplemental Retirement Plan				Other Postretirement Benefits
	2016		2015		2016		2015
Change in benefit obligation:
Beginning benefit obligation	$	1,952	$	2,129	$	827	$	932
Interest cost		68		72		23		26
Plan participants’ contributions		-		-		46		50
Actuarial (gain) loss		14		(93)		(51)		(9)
Benefits paid		(155)		(156)		(135)		(172)
Ending benefit obligation	$	1,879	$	1,952	$	710	$	827
Change in plan assets:
Beginning fair value of plan assets		-		-		-		-
Employer contributions		155		156		89		122
Plan participants’ contributions		-		-		46		50
Benefits paid		(155)		(156)		(135)		(172)
Ending fair value of plan assets		-		-		-		-
Funded status	$	(1,879)	$	(1,952)	$	(710)	$	(827)

Schedule of Amounts Recognized in Balance Sheet [Table Text Block]

	2016		2015
Current liabilities	$	(450)	$	(448)
Noncurrent liabilities		(4,219)		(4,301)
Total	$	(4,669)	$	(4,749)

	Supplemental Retirement Plan				Other Postretirement Benefits
	2016		2015		2016		2015
Current liabilities	$	(155)	$	(155)	$	(88)	$	(92)
Noncurrent liabilities		(1,724)		(1,797)		(622)		(735)
Total	$	(1,879)	$	(1,952)	$	(710)	$	(827)

Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]

	2016		2015
Net loss	$	1,752	$	1,614

	Supplemental Retirement Plan				Other Postretirement Benefits
	2016		2015		2016		2015
Net loss (gain)	$	686	$	704	$	(182)	$	(149)

	Supplemental Retirement Plan		Other Postretirement Benefits
Net loss (gain)	$	33	$	(16)

Schedule of Net Benefit Costs [Table Text Block]

	2016		2015
Net periodic benefit cost:
Interest cost	$	160	$	182
Amortization of net loss		72		93
Net periodic benefit cost	$	232	$	275
Other changes in plan assets and benefit obligations     recognized in other comprehensive (loss) income:
Net loss (gain)	$	210	$	(395)
Amortization of net loss		(72)		(93)
Total recognized in other comprehensive (loss) income		138		(488)
Total recognized in net periodic benefit cost and other     comprehensive (loss) income	$	370	$	(213)

	Supplemental Retirement Plan				Other Postretirement Benefits
	2016		2015		2016		2015
Net periodic benefit cost:
Interest cost	$	68	$	72	$	23	$	26
Amortization of net loss (gain)		32		36		(17)		(13)
Amortization of prior service cost		-		-		-		(92)
Net periodic benefit cost (income)	$	100	$	108	$	6	$	(79)
Other changes in plan assets and benefit obligations     recognized in other comprehensive income (loss):
Net loss (gain)	$	14	$	(93)	$	(51)	$	(9)
Amortization of net (loss) gain		(32)		(36)		17		13
Amortization of prior service cost		-		-		-		92
Total recognized in other comprehensive     (loss) income	$	(18)	$	(129)	$	(34)	$	96
Total recognized in net periodic benefit cost     and other comprehensive (loss) income	$	82	$	(21)	$	(28)	$	17

Schedule of Assumptions Used [Table Text Block]

	2016	2015
Discount rate for funded status	3.50%	3.55%
Discount rate for benefit cost	3.55%	3.50%

		Supplemental Retirement Plan			Other Postretirement Benefits
	2016		2015		2016		2015
Discount rate for funded status		3.55%		3.65%		3.20%		3.20%
Discount rate for benefit cost		3.65%		3.50%		3.20%		3.10%
Health care cost assumed trend rate     for next year						6.00%		6.50%
Rate that the cost trend rate gradually     declines to						5.50%		5.50%
Year that the rate reaches the rate it is     assumed to remain at						2018		2018

Schedule of Expected Benefit Payments [Table Text Block]

2017	$	450
2018		402
2019		391
2020		381
2021		364
2022 - 2026		1,582
Estimated contributions for 2017	$	450

	Supplemental Retirement Plan		Other Postretirement Benefits
Estimated net future benefit payments:
2017	$	155	$	88
2018		152		80
2019		148		76
2020		145		72
2021		141		67
2022 - 2026		645		259
Estimated contributions for 2017	$	155	$	88

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Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2016

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement [Table Text Block]

	2016		2015
Net sales	$	-	$	553
Cost of sales		-		772
Selling, general and administrative expenses		-		(144)
Other income		-		64
Loss from discontinued operations before income taxes		-		(11)
Income tax (benefit) expense		-		-
Loss from discontinued operations, net of taxes	$	-	$	(11)

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Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

	Total
2017	$	1,280
2018		1,374
2019		1,420
2020		1,308
2021		1,339
Thereafter		1,275
Total minimum lease payments	$	7,996

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Quarterly Results of Operations (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Table Text Block]

			(in thousands, except per share data)
2016 Quarters:	First			Second		Third		Fourth
Net Sales	$	11,683		$	12,053	$	11,036	$	9,802
Gross profit		2,541			2,062		1,835		1,976
Net loss	$	(1,485)		$	(1,392)	$	(2,080)	$	(301)	(1)
Net loss per share:
Basic	$	(.10)		$	(.10)	$	(.15)	$	(.02)
Diluted	$	(.10)		$	(.10)	$	(.15)	$	(.02)

2015 Quarters:	First			Second			Third		Fourth
Net Sales	$	14,672		$	15,133		$	13,760	$	13,799
Gross profit		2,983			3,839			3,410		3,453
Net income from continuing operations		2,773	(1)		1,268	(1)		391		919	(1)
Net (loss) income from discontinued operations		(118)			35			74		(2)
Net income	$	2,655	(1)	$	1,303	(1)	$	465	$	917	(1)
Basic earnings per share (2):
Net income from continuing operations	$	.20		$	.09		$	.03	$	.06
Net (loss) income from discontinued operations		(.01)			-			-		-
Net income	$	.19		$	.09		$	.03	$	.06
Diluted earnings per share (2):
Net income from continuing operations	$	.19		$	.09		$	.03	$	.06
Net (loss) income from discontinued operations		(.01)			-			-		-
Net income	$	.18		$	.09		$	.03	$	.06

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Summary of Significant Accounting Policies (Details)	3 Months Ended	12 Months Ended
	Apr. 02, 2016 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)
Summary of Significant Accounting Policies (Details) [Line Items]
Number of Reportable Segments		1
Inventory, Gross		$ 23,000,000	$ 20,900,000
Inventory Valuation Reserves		1,300,000	1,400,000
Capitalized Computer Software, Net		2,400,000	$ 2,700,000
Life Insurance Policy, Numbers Held			27
Cash Surrender Value of Life Insurance			$ 22,253,000
Proceeds from Life Insurance Policies	$ 28,100,000	28,139,000
Payments for (Proceeds from) Life Insurance Policies		$ (22,400,000)
Reclassification from Accounts Payable to Deferred Revenue			442,000
Borrowings Against Cash Surrender Value [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Secured Debt			$ 5,500,000

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Property, Plant and Equipment (Details) - Property, Plant and Equipment - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	$ 4,508	$ 4,508
Less accumulated depreciation	2,902	2,721
Property, plant and equipment, net	1,606	1,787
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	$ 2,675	2,675
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, Depreciable Lives	15 years
Property, plant and equipment, at cost	$ 1,833	$ 1,833
Minimum [Member] | Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, Depreciable Lives	5 years
Maximum [Member] | Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, Depreciable Lives	12 years

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Debt (Details) - Revolving Credit Facility [Member] - Wells Fargo Bank [Member]	12 Months Ended
	Dec. 31, 2016 USD ($)
Debt (Details) [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$ 6,000,000
Line of Credit Facility Excess Availability Requirement	2,000,000
Line of Credit Facility, Maximum Borrowing Capacity	$ 4,000,000
Line of Credit Facility, Description	The credit facility matures in October 2018 and is secured by our accounts receivable, inventory and certain other assets.
Line of Credit Facility, Interest Rate Description	Borrowings under the credit facility bear interest at a variable per annum rate equal to the daily three month London Bank Interbank Offered Rate plus 3.5%.
Debt Instrument, Basis Spread on Variable Rate	3.50%
Line of Credit Facility, Covenant Terms	maintain a minimum fixed charge ratio of not less than 1.1 to 1.0 for the trailing twelve months with an initial compliance date at December 31, 2017.
Long-term Line of Credit	$ 0

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Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Taxes (Details) [Line Items]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ 6,600,000
Unrecognized Tax Benefits, Interest on Income Taxes Accrued	97,000	$ 76,000
Liability for Uncertainty in Income Taxes, Current	307,000	$ 200,000
Domestic Tax Authority [Member]
Income Taxes (Details) [Line Items]
Operating Loss Carryforwards	20,600,000
State and Local Jurisdiction [Member]
Income Taxes (Details) [Line Items]
Operating Loss Carryforwards	$ 18,400,000

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Income Taxes (Details) - The provision for income tax expense (benefit) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Current:
Federal	$ 525	$ 52
State	193	24
Total current	718	76
Deferred:
Federal
State
Total deferred
Income tax expense (benefit)	$ 718	$ 76

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Income Taxes (Details) - Reconciliation of effective income tax rate	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Reconciliation of effective income tax rate [Abstract]
Federal statutory rate	35.00%	35.00%
State tax, net of federal benefit	(6.10%)	0.60%
State tax credits and adjustments	1.80%	(1.90%)
Change in cash surrender value of life insurance policies	(185.10%)	(9.00%)
Valuation allowance increase (decrease)	143.20%	(23.60%)
Other, net	(4.60%)	0.30%
Effective income tax rate	(15.80%)	1.40%

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Income Taxes (Details) - The income tax effects of temporary differences that comprise deferred tax assets and liabilities - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Noncurrent deferred tax assets (liabilities):
Accounts receivable	$ 99	$ 150
Other accrued expenses	587	248
Property, plant and equipment	(1,190)	(1,255)
Employee benefits	3,979	4,252
Contribution carryforward	181	278
AMT credit	1,205	676
Net operating loss	7,727	14,845
Gross non-current deferred tax assets	12,588	19,194
Less valuation allowance	(12,588)	(19,194)
Net noncurrent deferred tax assets

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Income Taxes (Details) - The unrecognized tax benefits activity - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
The unrecognized tax benefits activity [Abstract]
Unrecognized tax benefits balance at January 1	$ 307	$ 309
Gross increases in tax positions of prior years	164
Lapse of statute of limitations		(2)
Unrecognized tax benefits balance at December 31	$ 471	$ 307

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Stockholders' Equity (Details) - USD ($)			12 Months Ended
	Nov. 18, 2016	Aug. 19, 2016	Dec. 31, 2016	Dec. 31, 2015	Jul. 31, 2012
Stockholders' Equity (Details) [Line Items]
Stock Repurchased During Period, Value (in Dollars)			$ 15,000	$ 13,000
Common Stock, Dividends, Per Share, Declared (in Dollars per share)	$ 0.25	$ 1.25	$ 1.50
Dividends Payable (in Dollars)			$ 354,000
Employee Stock Option [Member]
Stockholders' Equity (Details) [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount			1,100,000	1,200,000
Restricted Stock [Member]
Stockholders' Equity (Details) [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount			544,000	51,000
Stock Repurchased During Period, Shares			6,862	4,622
Stock Repurchased During Period, Value (in Dollars)			$ 15,000	$ 13,000
Preferred Stock [Member]
Stockholders' Equity (Details) [Line Items]
Excess Stock, Shares Authorized			1,000,000
Common Stock [Member]
Stockholders' Equity (Details) [Line Items]
Stock Repurchased During Period, Shares			(7,000)	(4,000)
Privately Negotiated Transaction [Member] | Common Stock [Member]
Stockholders' Equity (Details) [Line Items]
Stock Repurchased During Period, Shares			400,000
Stock Repurchased During Period, Value (in Dollars)			$ 1,000,000
Stock Repurchase Program, Authorized Amount (in Dollars)					$ 5,000,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount (in Dollars)			$ 3,000,000
Minimum [Member]
Stockholders' Equity (Details) [Line Items]
Equity Method Investment, Ownership Percentage			4.90%

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Stockholders' Equity (Details) - Basic and Diluted Earnings Per Share Calculation - shares shares in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Basic and Diluted Earnings Per Share Calculation [Abstract]
Weighted average shares outstanding for basic calculation	14,139	14,273
Dilutive effect of stock options		269
Weighted average shares outstanding for diluted calculation	14,139	14,542

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Stock Based Compensation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
2012 Incentive Compensation Plan [Member] | Common Stock [Member]
Stock Based Compensation (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares)	1,600,000
Employee Stock Option [Member]
Stock Based Compensation (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	10 years
Employee Stock Option [Member] | Director [Member]
Stock Based Compensation (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	1 year
Restricted Stock [Member]
Stock Based Compensation (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period (in Shares)	221,745	140,442
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options (in Dollars)	$ 379,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 146 days
Minimum [Member] | Employee Stock Option [Member] | Employees [Member]
Stock Based Compensation (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years
Maximum [Member] | Employee Stock Option [Member] | Employees [Member]
Stock Based Compensation (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	5 years

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Stock Based Compensation (Details) - Stock option activity - Employee Stock Option [Member] - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2015
Stock Based Compensation (Details) - Stock option activity [Line Items]
Options outstanding, Number of shares	1,166,192	1,371,354
Options outstanding, Weighted-Average Exercise Price	$ 5.93	$ 5.97
Options outstanding, Weighted-Average Remaining Contractual Term	3 years 292 days	5 years 255 days	4 years 255 days
Options Forfeited, Number of shares			(184,798)
Options Forfeited, Weighted-Average Exercise Price			$ 4.31
Options Expired, Number of shares	(36,610)		(20,364)
Options Expired, Weighted-Average Exercise Price	$ 23.88		$ 23.41
Options outstanding, Number of shares	1,129,582	1,166,192	1,166,192
Options outstanding, Weighted-Average Exercise Price	$ 5.35	$ 5.93	$ 5.93
Options outstanding, Weighted-Average Remaining Contractual Term	3 years 292 days	5 years 255 days	4 years 255 days
Options outstanding, Aggregate Intrinsic Value
Exercisable, Number of shares	1,129,582
Exercisable, Weighted-Average Exercise Price	$ 5.35
Exercisable, Weighted-Average Remaining Contractual Term	3 years 292 days
Exercisable, Aggregate Intrinsic Value

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Stock Based Compensation (Details) - Information about restricted stock awards - Restricted Stock [Member] - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Stock Based Compensation (Details) - Information about restricted stock awards [Line Items]
Options Outstanding, Number of Shares	534,933	544,248
Options Outstanding, Weighted-Average Grand date Fair Value	$ 3.53	$ 3.74
Options Forfeited, Number of shares		(97,549)
Options Forfeited, Weighted-Average Grant Date Fair Value		$ 3.45
Options Vested, Number of shares	(221,745)	(140,442)
Options Vested, Weighted-Average Grant Date Fair Value	$ 4.01	$ 3.29
Options Granted, Number of shares	230,836	228,676
Options Granted, Weighted-Average Grant Date Fair Value	$ 2.52	$ 2.86
Options Outstanding, Number of Shares	544,024	534,933
Options Outstanding, Weighted-Average Grand date Fair Value	$ 2.89	$ 3.53

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Employee Benefits Plans (Details) - USD ($)	3 Months Ended	12 Months Ended
	Apr. 02, 2016	Dec. 31, 2016	Dec. 31, 2015
Employee Benefits Plans (Details) [Line Items]
Defined Contribution Plan, Cost Recognized		$ 16,000	$ 34,000
Cash Surrender Value of Life Insurance			22,253,000
Policy Loans and Accrued Interest			5,500,000
Debt Instrument, Interest Rate, Stated Percentage		13.13%
Cash Surrender Value Borrowed Portion Fixed Rate Of Return Percentage		12.63%
Net Borrowing Cost Percentage		0.50%
Cash Surrender Value Non Borrowed Portion Fixed Rate Of Return Percentage		4.00%
Proceeds from Life Insurance Policies	$ 28,100,000	$ 28,139,000
Payments for (Proceeds from) Life Insurance Policies		(22,400,000)
Other Comprehensive Income (Loss), Tax		84,000
Defined Benefit Plan, Accumulated Benefit Obligation		50
Other Postretirement Benefit Expense		$ 2
Minimum [Member]
Employee Benefits Plans (Details) [Line Items]
Health Care Benefits Age Of Eligible Retired Employees		55
Maximum [Member]
Employee Benefits Plans (Details) [Line Items]
Health Care Benefits Age Of Eligible Retired Employees		65
Operating Income (Loss) [Member]
Employee Benefits Plans (Details) [Line Items]
Operating Loss Carryforwards		$ 24,000,000

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Employee Benefits Plans (Details) - The impact of the deferred compensation plan and corporate owned life insurance policies - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
The impact of the deferred compensation plan and corporate owned life insurance policies [Abstract]
Growth in cash surrender value of corporate-owned life insurance policies	$ 301	$ 1,701
Deferred compensation plan expenses	352	506
Operating income impact	(51)	1,195
Interest expense on loans against corporate-owned life insurance polices	109	948
Net income impact	$ (160)	$ 247

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Employee Benefits Plans (Details) - Funded status - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Change in benefit obligation:
Actuarial (gain) loss	$ (174)	$ 497
Deferred Compensation Plan [Member]
Change in benefit obligation:
Beginning benefit obligation	4,749	5,412
Interest cost	160	182
Actuarial (gain) loss	210	(395)
Employer contributions	450	450
Benefits paid	(450)	(450)
Ending benefit obligation	4,669	4,749
Funded status	(4,669)	(4,749)
Supplemental Employee Retirement Plan [Member]
Change in benefit obligation:
Beginning benefit obligation	1,952	2,129
Interest cost	68	72
Actuarial (gain) loss	14	(93)
Employer contributions	155	156
Benefits paid	(155)	(156)
Ending benefit obligation	1,879	1,952
Funded status	(1,879)	(1,952)
Other Postretirement Benefit Plan [Member]
Change in benefit obligation:
Beginning benefit obligation	827	932
Interest cost	23	26
Plan participants’ contributions	46	50
Actuarial (gain) loss	(51)	(9)
Employer contributions	89	122
Benefits paid	(135)	(172)
Ending benefit obligation	710	827
Funded status	$ (710)	$ (827)

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Employee Benefits Plans (Details) - Amount recognized in the consolidated balance sheet - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Deferred Compensation Plan [Member]
Employee Benefits Plans (Details) - Amount recognized in the consolidated balance sheet [Line Items]
Current liabilities	$ (450)	$ (448)
Noncurrent liabilities	(4,219)	(4,301)
Total	(4,669)	(4,749)
Supplemental Employee Retirement Plan [Member]
Employee Benefits Plans (Details) - Amount recognized in the consolidated balance sheet [Line Items]
Current liabilities	(155)	(155)
Noncurrent liabilities	(1,724)	(1,797)
Total	(1,879)	(1,952)
Other Postretirement Benefit Plan [Member]
Employee Benefits Plans (Details) - Amount recognized in the consolidated balance sheet [Line Items]
Current liabilities	(88)	(92)
Noncurrent liabilities	(622)	(735)
Total	$ (710)	$ (827)

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Employee Benefits Plans (Details) - Amount recognized in accumulated other comprehensive (loss) income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Deferred Compensation Plan [Member]
Employee Benefits Plans (Details) - Amount recognized in accumulated other comprehensive (loss) income [Line Items]
Net loss (gain)	$ 1,752	$ 1,614
Supplemental Employee Retirement Plan [Member]
Employee Benefits Plans (Details) - Amount recognized in accumulated other comprehensive (loss) income [Line Items]
Net loss (gain)	686	704
Net loss (gain)	33
Other Postretirement Benefit Plan [Member]
Employee Benefits Plans (Details) - Amount recognized in accumulated other comprehensive (loss) income [Line Items]
Net loss (gain)	(182)	$ (149)
Net loss (gain)	$ (16)

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Employee Benefits Plans (Details) - Components of net periodic benefit cost and other amounts recognized in other comprehensive income (loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Deferred Compensation Plan [Member]
Net periodic benefit cost:
Interest cost	$ 160	$ 182
Amortization of net loss	72	93
Net periodic benefit cost	232	275
Other changes in plan assets and benefit obligations recognized in other comprehensive (loss) income:
Net loss (gain)	210	(395)
Amortization of net (loss) gain	(72)	(93)
Total recognized in other comprehensive (loss) income	138	(488)
Total recognized in net periodic benefit cost and other comprehensive (loss) income	370	(213)
Supplemental Employee Retirement Plan [Member]
Net periodic benefit cost:
Interest cost	68	72
Amortization of net loss	32	36
Net periodic benefit cost	100	108
Other changes in plan assets and benefit obligations recognized in other comprehensive (loss) income:
Net loss (gain)	14	(93)
Amortization of net (loss) gain	(32)	(36)
Total recognized in other comprehensive (loss) income	(18)	(129)
Total recognized in net periodic benefit cost and other comprehensive (loss) income	82	(21)
Other Postretirement Benefit Plan [Member]
Net periodic benefit cost:
Interest cost	23	26
Amortization of net loss	(17)	(13)
Amortization of prior service cost		(92)
Net periodic benefit cost	6	(79)
Amortization of prior service cost		92
Other changes in plan assets and benefit obligations recognized in other comprehensive (loss) income:
Net loss (gain)	(51)	(9)
Amortization of net (loss) gain	17	13
Total recognized in other comprehensive (loss) income	(34)	96
Total recognized in net periodic benefit cost and other comprehensive (loss) income	$ (28)	$ 17

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Employee Benefits Plans (Details) - The assumptions used to determine the plan’s financial status and postretirement benefit cost	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Deferred Compensation Plan [Member]
Employee Benefits Plans (Details) - The assumptions used to determine the plan’s financial status and postretirement benefit cost [Line Items]
Discount rate for funded status	3.50%	3.55%
Discount rate for benefit cost	3.55%	3.50%
Supplemental Employee Retirement Plan [Member]
Employee Benefits Plans (Details) - The assumptions used to determine the plan’s financial status and postretirement benefit cost [Line Items]
Discount rate for funded status	3.55%	3.65%
Discount rate for benefit cost	3.65%	3.50%
Other Postretirement Benefit Plan [Member]
Employee Benefits Plans (Details) - The assumptions used to determine the plan’s financial status and postretirement benefit cost [Line Items]
Discount rate for funded status	3.20%	3.20%
Discount rate for benefit cost	3.20%	3.10%
Health care cost assumed trend rate for next year	6.00%	6.50%
Rate that the cost trend rate gradually declines to	5.50%	5.50%
Year that the rate reaches the rate it is assumed to remain at	2018	2018

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Employee Benefits Plans (Details) - Estimated future benefit payments $ in Thousands	12 Months Ended
	Dec. 31, 2016 USD ($)
Deferred Compensation Plan [Member]
Employee Benefits Plans (Details) - Estimated future benefit payments [Line Items]
2017	$ 450
2018	402
2019	391
2020	381
2021	364
2022 - 2026	1,582
Estimated contributions for 2017	450
Supplemental Employee Retirement Plan [Member]
Employee Benefits Plans (Details) - Estimated future benefit payments [Line Items]
2017	155
2018	152
2019	148
2020	145
2021	141
2022 - 2026	645
Estimated contributions for 2017	155
Other Postretirement Benefit Plan [Member]
Employee Benefits Plans (Details) - Estimated future benefit payments [Line Items]
2017	88
2018	80
2019	76
2020	72
2021	67
2022 - 2026	259
Estimated contributions for 2017	$ 88

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Discontinued Operations (Details) - Loss from discontinued operations, net of taxes - USD ($) $ in Thousands	3 Months Ended				12 Months Ended
	Dec. 31, 2015	Sep. 26, 2015	Jun. 27, 2015	Mar. 28, 2015	Dec. 31, 2016	Dec. 31, 2015
Loss from discontinued operations, net of taxes [Abstract]
Net sales						$ 553
Cost of sales						772
Selling, general and administrative expenses						(144)
Other income						64
Loss from discontinued operations before income taxes						(11)
Income tax (benefit) expense
Loss from discontinued operations, net of taxes	$ (2)	$ 74	$ 35	$ (118)		$ (11)

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Income for Continued Dumping and Subsidy Offset Act (CDSOA) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income for Continued Dumping and Subsidy Offset Act (CDSOA) (Details) [Line Items]
Income from Continued Dumping and Subsidy Offset Act, net	$ 1,103	$ 5,308
Distribution for 2012, 2013 and 2014 [Member]
Income for Continued Dumping and Subsidy Offset Act (CDSOA) (Details) [Line Items]
Income from Continued Dumping and Subsidy Offset Act, net		$ 4,900

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Commitments and Contingencies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Commitments and Contingencies (Details) [Line Items]
Leases Terms of Expiration	10 years
Operating Leases, Rent Expense	$ 3,000,000	$ 2,900,000
Letter of Credit [Member]
Commitments and Contingencies (Details) [Line Items]
Letters of Credit Outstanding, Amount	$ 663,000

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Commitments and Contingencies (Details) - Future minimum lease payments for our current operating leases $ in Thousands	Dec. 31, 2016 USD ($)
Future minimum lease payments for our current operating leases [Abstract]
2017	$ 1,280
2018	1,374
2019	1,420
2020	1,308
2021	1,339
Thereafter	1,275
Total minimum lease payments	$ 7,996

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Quarterly Results of Operations (Unaudited) (Details) - USD ($)	3 Months Ended				12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Jun. 27, 2015	Mar. 28, 2015	Dec. 31, 2016	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Cash from Continued Dumping and Subsidy Offset Act	$ 1,100,000	$ 407,000	$ 1,100,000	$ 3,800,000	$ 1,103,000	$ 5,308,000

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Quarterly Results of Operations (Unaudited) (Details) - Quarterly Results of Operations - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Oct. 01, 2016	Jul. 02, 2016	Apr. 02, 2016	Dec. 31, 2015	Sep. 26, 2015	Jun. 27, 2015	Mar. 28, 2015	Dec. 31, 2016	Dec. 31, 2015
Quarterly Results of Operations [Abstract]
Net Sales	$ 9,802	$ 11,036	$ 12,053	$ 11,683	$ 13,799	$ 13,760	$ 15,133	$ 14,672	$ 44,574	$ 57,364
Gross profit	1,976	1,835	2,062	2,541	3,453	3,410	3,839	2,983	8,414	13,685
Net income from continuing operations					919	391	1,268	2,773	(5,258)	5,351
Net (loss) income from discontinued operations					(2)	74	35	(118)		(11)
Net loss	$ (301)	$ (2,080)	$ (1,392)	$ (1,485)	$ 917	$ 465	$ 1,303	$ 2,655	$ (5,258)	$ 5,340
Net loss per share:
Net income from continuing operations (in Dollars per share)					$ 0.06	$ 0.03	$ 0.09	$ 0.20	$ (0.37)	$ 0.37
Net (loss) income from discontinued operations (in Dollars per share)								(0.01)
Basic (in Dollars per share)	$ (0.02)	$ (0.15)	$ (0.10)	$ (0.10)	0.06	0.03	0.09	0.19	(0.37)	0.37
Net income from continuing operations (in Dollars per share)					0.06	0.03	0.09	0.19	(0.37)	0.37
Net (loss) income from discontinued operations (in Dollars per share)								(0.01)
Diluted (in Dollars per share)	$ (0.02)	$ (0.15)	$ (0.10)	$ (0.10)	$ 0.06	$ 0.03	$ 0.09	$ 0.18	$ (0.37)	$ 0.37

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SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Details) - VALUATION AND QUALIFYING ACCOUNTS AND RESERVES - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Doubtful Receivables [Member]
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Details) - VALUATION AND QUALIFYING ACCOUNTS AND RESERVES [Line Items]
Balance at Beginning of Period	$ 267	$ 189
Charged (Credited) to Costs and Expenses	91	93
Deductions	241	15
Balance at End of Period	117	267
Discount Returns and Allowance [Member]
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Details) - VALUATION AND QUALIFYING ACCOUNTS AND RESERVES [Line Items]
Balance at Beginning of Period	137	186
Charged (Credited) to Costs and Expenses	18	(49)
Deductions
Balance at End of Period	155	137
Doubtful Receivables & Discounts Returns and Allowances [Member]
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Details) - VALUATION AND QUALIFYING ACCOUNTS AND RESERVES [Line Items]
Balance at Beginning of Period	404	375
Charged (Credited) to Costs and Expenses	109	44
Deductions	241	15
Balance at End of Period	272	404
Valuation Allowance of Deferred Tax Assets [Member]
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Details) - VALUATION AND QUALIFYING ACCOUNTS AND RESERVES [Line Items]
Balance at Beginning of Period	19,194	21,724
Charged (Credited) to Costs and Expenses
Deductions	6,606	2,530
Balance at End of Period	$ 12,588	$ 19,194