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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 34,194 $ 18,162
Restricted cash 5,319 1,200
Accounts receivable, net 97,778 58,394
Costs and estimated earnings in excess of billings on uncompleted contracts 43,175 24,371
Inventories, net 32,509 23,416
Prepaid expenses and other current assets 9,058 9,046
Prepaid income taxes 4,724 4,190
Assets held for sale 1,699 4,188
Total current assets 228,456 142,967
Property, plant and equipment, net 44,981 18,961
Goodwill 220,163 165,861
Intangible assets – finite life, net 74,957 58,398
Intangible assets – indefinite life 26,337 19,766
Deferred income tax asset, net   3,003
Deferred charges and other assets 3,925 3,151
Total assets 598,819 412,107
Current liabilities:    
Current portion of debt 19,494 8,887
Accounts payable and accrued expenses 99,097 53,819
Billings in excess of costs and estimated earnings on uncompleted contracts 28,000 14,728
Income taxes payable 1,582 405
Total current liabilities 148,173 77,839
Other liabilities 30,072 27,884
Debt, less current portion 157,834 102,969
Deferred income tax liability, net 17,719 22,191
Total liabilities $ 353,798 $ 230,883
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, $.01 par value; 10,000 shares authorized, none issued
Common stock, $.01 par value; 100,000,000 shares authorized, 34,055,749 and 26,404,869 shares issued in 2015 and 2014, respectively $ 340 $ 264
Capital in excess of par value 243,274 168,886
Accumulated earnings 5,472 19,051
Accumulated other comprehensive loss (9,577) (6,621)
Stockholders' equity before treasury stock 239,509 181,580
Less treasury stock, at cost, 137,920 shares in 2015 and 2014 (356) (356)
Total CECO shareholders’ equity 239,153 181,224
Noncontrolling interest 5,868  
Total shareholders’ equity 245,021 181,224
Total liabilities and shareholders' equity $ 598,819 $ 412,107