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Quarterly Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information

Earnings per share amounts are computed independently each quarter. Accordingly, the sum of each quarter’s per share amount may not equal the total per share amount for the respective year.

 

 

 

Quarter

 

 

(Table only in thousands, except per share data)

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

Year ended December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

103,175

 

 

$

112,258

 

 

$

101,596

 

 

$

99,982

 

 

Gross profit

 

 

31,586

 

 

 

33,930

 

 

 

33,676

 

 

 

35,667

 

 

Net income (loss)

 

 

3,055

 

 

 

4,037

 

 

 

5,826

 

 

 

(51,172

)

 

Net income (loss) attributable to CECO Environmental Corp.

 

 

3,100

 

 

 

4,050

 

 

 

5,804

 

 

 

(51,172

)

 

Basic earnings (loss) per share

 

$

0.09

 

 

$

0.12

 

 

$

0.17

 

 

$

(1.49

)

 

Diluted earnings (loss) per share

 

$

0.09

 

 

$

0.12

 

 

$

0.17

 

 

$

(1.49

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

80,985

 

 

$

86,961

 

 

$

98,230

 

 

$

101,246

 

(1)

Gross profit

 

 

20,975

 

 

 

26,628

 

 

 

30,795

 

 

 

30,773

 

(1)

Net income (loss)

 

 

198

 

 

 

2,104

 

 

 

(4,825

)

 

 

(3,211

)

 

Net income (loss) attributable to CECO Environmental Corp.

 

 

198

 

 

 

2,104

 

 

 

(4,825

)

 

 

(3,079

)

 

Basic earnings (loss) per share

 

$

0.01

 

 

$

0.08

 

 

$

(0.17

)

 

$

(0.09

)

 

Diluted earnings (loss) per share

 

$

0.01

 

 

$

0.08

 

 

$

(0.17

)

 

$

(0.09

)

 

 

(1)

In making final closing adjustments for the year ended December 31, 2015, the Company became aware of additional information affecting the determination of year-to-date revenue recognition for certain business units, which resulted in the Company recording, for the three month period ended December 31, 2015, a decrease in net sales of $5.2 million, and a decrease in cost of goods sold of $5.0 million.