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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 44,537 $ 35,602
Restricted cash 1,811 1,356
Accounts receivable, net 58,274 68,434
Costs and estimated earnings in excess of billings on uncompleted contracts 41,014 34,805
Inventories, net 18,550 20,578
Prepaid expenses and other current assets 12,773 9,899
Prepaid income taxes 6,664 8,231
Assets held for sale 467 593
Total current assets 184,090 179,498
Property, plant and equipment, net 15,774 15,274
Right-of-use assets from operating leases 12,053 13,607
Goodwill 161,352 152,020
Intangible assets – finite life, net 31,477 31,283
Intangible assets – indefinite life 13,694 14,291
Deferred charges and other assets 3,650 2,664
Total assets 422,090 408,637
Current liabilities:    
Current portion of debt 2,812 2,500
Accounts payable and accrued expenses 82,550 78,319
Billings in excess of costs and estimated earnings on uncompleted contracts 24,673 34,369
Total current liabilities 110,035 115,188
Other liabilities 19,720 20,372
Debt, less current portion 73,626 63,001
Deferred income tax liability, net 7,268 5,943
Operating lease liabilities 9,845 11,116
Total liabilities 220,494 215,620
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, 35,504,757 and 35,275,465 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 355 353
Capital in excess of par value 254,771 253,869
Accumulated loss (39,921) (46,344)
Accumulated other comprehensive loss (14,234) (14,505)
Stockholders' equity before treasury stock 200,971 193,373
Less treasury stock, at cost, 137,920 shares at September 30, 2020 and December 31, 2019 (356) (356)
Total CECO shareholders’ equity 200,615 193,017
Noncontrolling interest 981  
Total shareholders' equity 201,596 193,017
Total liabilities and shareholders' equity $ 422,090 $ 408,637