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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 33,390 $ 34,194
Restricted cash 5,430 5,319
Accounts receivable, net 84,828 97,778
Costs and estimated earnings in excess of billings on uncompleted contracts 44,156 43,175
Inventories, net 30,564 32,509
Prepaid expenses and other current assets 11,999 9,058
Prepaid income taxes 3,974 4,724
Assets held for sale 1,718 1,699
Total current assets 216,059 228,456
Property, plant and equipment, net 43,404 44,981
Goodwill 221,717 220,163
Intangible assets-finite life, net 71,316 74,957
Intangible assets-indefinite life 26,458 26,337
Deferred charges and other assets 2,944 3,925
Total assets 581,898 598,819
Current liabilities:    
Current portion of debt 17,714 19,494
Accounts payable and accrued expenses 95,207 99,097
Billings in excess of costs and estimated earnings on uncompleted contracts 28,035 28,000
Income taxes payable 1,693 1,582
Total current liabilities 142,649 148,173
Other liabilities 22,126 30,072
Debt, less current portion 152,916 157,834
Deferred income tax liability, net 17,638 17,719
Total liabilities $ 335,329 $ 353,798
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, 34,073,856 and 34,055,749 shares issued 2016 and 2015, respectively $ 341 $ 340
Capital in excess of par value 243,963 243,274
Accumulated earnings 6,329 5,472
Accumulated other comprehensive loss (9,531) (9,577)
Stockholders' equity before treasury stock 241,102 239,509
Less treasury stock, at cost, 137,920 shares in 2016 and 2015 (356) (356)
Total CECO shareholders’ equity 240,746 239,153
Noncontrolling interest 5,823 5,868
Total shareholders’ equity 246,569 245,021
Total liabilities and shareholders' equity $ 581,898 $ 598,819