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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 34,416 $ 29,902
Restricted cash 1,037 2,093
Accounts receivable, net 95,318 74,991
Costs and estimated earnings in excess of billings on uncompleted contracts 51,158 51,429
Inventories, net 23,981 17,052
Prepaid expenses and other current assets 11,911 10,760
Prepaid income taxes 893 2,784
Total current assets 218,714 189,011
Property, plant and equipment, net 16,357 15,948
Right-of-use assets from operating leases 12,144 10,893
Goodwill 185,795 161,183
Intangible assets – finite life, net 35,794 25,841
Intangible assets – indefinite life 9,494 9,629
Deferred income taxes 505 505
Deferred charges and other assets 2,926 3,187
Total assets 481,729 416,197
Current liabilities:    
Total current liabilities 144,024 116,685
Current portion of debt 3,303 2,203
Accounts payable and accrued expenses 101,233 84,081
Billings in excess of costs and estimated earnings on uncompleted contracts 35,896 28,908
Notes Payable Current 500
Income taxes payable 3,092 1,493
Other liabilities 15,122 14,826
Debt, less current portion 92,768 61,577
Deferred income tax liability, net 9,998 8,390
Operating lease liabilities 9,356 8,762
Total liabilities 271,268 210,240
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, $.01 par value; 10,000 shares authorized, none issued 0 0
Common stock, $.01 par value; 100,000,000 shares authorized, 34,534,180 and 35,028,197 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 345 350
Capital in excess of par value 250,262 252,989
Accumulated loss (29,538) (36,715)
Accumulated other comprehensive loss (15,567) (12,070)
Total CECO shareholders' equity 205,502 204,554
Non-controlling interest 4,959 1,403
Total shareholders' equity 210,461 205,957
Total liabilities and shareholders' equity $ 481,729 $ 416,197