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Nature of Business and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash Reported within Consolidated Statements of Cash Flows

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Statements of Cash Flows.

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

Cash and cash equivalents

 

$

29,902

 

 

$

35,992

 

Restricted cash

 

 

2,093

 

 

$

1,819

 

Total cash, cash equivalents and restricted cash

 

$

31,995

 

 

$

37,811

 

Schedule of Numerators and Denominators Used to Calculate Basic and Diluted Earnings Per Share

Earnings per share—The following table reconciles the numerators and denominators used to calculate basic and diluted earnings per share for 2021, 2020 and 2019.

 

 

For the Year Ended December 31

 

 

 

2021

 

 

2020

 

 

2019

 

(table only in thousands)

 

 

 

 

 

 

 

 

 

Numerator (for basic and diluted earnings per share)

 

 

 

 

 

 

 

 

 

Net income attributable to CECO Environmental Corp.

 

$

1,426

 

 

$

8,211

 

 

$

17,707

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

 

35,346

 

 

 

35,290

 

 

 

34,988

 

Common stock equivalents arising from stock options and restricted stock awards

 

 

249

 

 

 

231

 

 

 

496

 

Diluted weighted-average shares outstanding

 

 

35,595

 

 

 

35,521

 

 

 

35,484