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Nature of Business and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2023
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,

 

 

 

2023

 

 

2022

 

Cash and cash equivalents

 

$

54,779

 

 

$

45,522

 

Restricted cash

 

 

669

 

 

 

1,063

 

Total cash, cash equivalents and restricted cash

 

$

55,448

 

 

$

46,585

 

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 2023, 2022 and 2021.

 

 

For the Year Ended December 31

 

 

 

2023

 

 

2022

 

 

2021

 

(table only in thousands)

 

 

 

 

 

 

 

 

 

Numerator (for basic and diluted earnings per share)

 

 

 

 

 

 

 

 

 

Net income attributable to CECO Environmental Corp.

 

$

12,911

 

 

$

17,417

 

 

$

1,426

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

 

34,665

 

 

 

34,672

 

 

 

35,346

 

Common stock equivalents arising from stock options and restricted stock awards

 

 

669

 

 

 

333

 

 

 

249

 

Diluted weighted-average shares outstanding

 

 

35,334

 

 

 

35,005

 

 

 

35,595