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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 32,229 $ 35,992
Restricted cash 2,291 1,819
Accounts receivable, net 65,650 63,046
Costs and estimated earnings in excess of billings on uncompleted contracts 46,839 45,498
Inventories, net 17,271 17,343
Prepaid expenses and other current assets 12,729 11,530
Prepaid income taxes 3,216 7,790
Assets held for sale   467
Total current assets 180,225 183,485
Property, plant and equipment, net 15,895 16,228
Right-of-use assets from operating leases 10,420 11,376
Goodwill 161,782 161,820
Intangible assets – finite life, net 29,369 29,637
Intangible assets – indefinite life 9,738 12,937
Deferred charges and other assets 3,273 3,831
Total assets 410,702 419,314
Current liabilities:    
Current portion of debt 3,750 3,125
Accounts payable and accrued expenses 81,938 84,997
Billings in excess of costs and estimated earnings on uncompleted contracts 19,232 20,691
Income taxes payable   543
Total current liabilities 104,920 109,356
Other liabilities 19,645 20,576
Debt, less current portion 63,720 69,491
Deferred income tax liability, net 7,100 6,970
Operating lease liabilities 8,484 9,310
Total liabilities 203,869 215,703
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, 35,749,488 and 35,504,757 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively 357 355
Capital in excess of par value 256,598 255,296
Accumulated loss (36,667) (38,141)
Accumulated other comprehensive loss (14,151) (14,496)
Stockholders' equity before treasury stock 206,137 203,014
Less treasury stock, at cost, 137,920 shares at June 30, 2021 and December 31, 2020 (356) (356)
Total CECO shareholders' equity 205,781 202,658
Noncontrolling interest 1,052 953
Total shareholders' equity 206,833 203,611
Total liabilities and shareholders' equity $ 410,702 $ 419,314