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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 41,814 $ 34,194
Restricted cash 1,427 5,319
Accounts receivable, net 83,359 97,778
Costs and estimated earnings in excess of billings on uncompleted contracts 38,370 43,175
Inventories, net 23,945 32,509
Prepaid expenses and other current assets 14,759 9,058
Prepaid income taxes 1,595 4,724
Assets held for sale 8,086 1,699
Total current assets 213,355 228,456
Property, plant and equipment, net 28,773 44,981
Goodwill 224,531 220,163
Intangible assets-finite life, net 63,976 74,957
Intangible assets-indefinite life 26,393 26,337
Deferred charges and other assets 4,930 3,925
Total assets 561,958 598,819
Current liabilities:    
Current portion of debt 10,216 19,494
Accounts payable and accrued expenses 90,076 99,097
Billings in excess of costs and estimated earnings on uncompleted contracts 34,854 28,000
Note payable 5,300  
Income taxes payable 4,236 1,582
Total current liabilities 144,682 148,173
Other liabilities 34,165 30,072
Debt, less current portion 123,231 157,834
Deferred income tax liability, net 15,416 17,719
Total liabilities 317,494 353,798
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, 34,148,585 and 34,055,749 shares issued 2016 and 2015, respectively 341 340
Capital in excess of par value 244,316 243,274
Accumulated earnings 11,688 5,472
Accumulated other comprehensive loss (11,525) (9,577)
Stockholders' equity before treasury stock 244,820 239,509
Less treasury stock, at cost, 137,920 shares in 2016 and 2015 (356) (356)
Total CECO shareholders’ equity 244,464 239,153
Noncontrolling interest   5,868
Total shareholders’ equity 244,464 245,021
Total liabilities and shareholders' equity $ 561,958 $ 598,819