XML 19 R33.htm IDEA: XBRL DOCUMENT
v3.3.0.814

Acquisitions (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2015
Information of Company's Results of Operations | The following unaudited pro forma information represents the Company’s results of operations as if the PMFG acquisition had occurred as of January 1, 2014, and the HEE, SAT, Emtrol, and Zhongli acquisitions had occurred as of January 1, 2013:
(Table only in thousands, except per share data) |  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
| 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Net sales |  | $ | 119,070 |  |  | $ | 125,693 |  |  | $ | 359,480 |  |  | $ | 364,271 |
Net income (loss) |  |  | (18,707 | ) |  |  | 4,519 |  |  |  | (28,394 | ) |  |  | (22,762 | )
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.55 | ) |  | $ | 0.13 |  |  | $ | (0.82 | ) |  | $ | (0.68 | )
Diluted |  | $ | (0.55 | ) |  | $ | 0.13 |  |  | $ | (0.82 | ) |  | $ | (0.68 | )
PMFG, Inc. [Member] |
Fair Values of Assets Acquired and Liabilities Assumed at Date of Closing | The following table summarizes the approximate fair values of the assets acquired and liabilities assumed at the date of closing.
(Table only in thousands) |  |  |
Current assets (including cash of $27,450) |  | $ | 93,342 |
Property and equipment |  |  | 31,129 |
Other assets |  |  | 984 |
Assets held for sale (a) |  |  | 950 |
Deferred income tax asset |  |  | 1,865 |
Goodwill |  |  | 63,270 |
Intangible – finite life, net |  |  | 34,900 |
Intangible – indefinite life |  |  | 10,750 |
Total assets acquired |  |  | 237,190 |
Current liabilities assumed |  |  | (73,447 | )
Deferred income tax liability |  |  | (18,195 | )
Long term liabilities assumed |  |  | (2,822 | )
Noncontrolling interest |  |  | (6,000 | )
Net assets acquired |  | $ | 136,726 |
(a) | The assets held for sale consists of primarily real property, and are valued at the estimated proceeds less cost to sell. The Company has not recorded a gain or loss on the classification of the subject assets to Held for Sale. The Company expects to complete the sale of the subject assets within the next twelve months.
Zhongli [Member] |
Fair Values of Assets Acquired and Liabilities Assumed at Date of Closing | The following table summarizes the approximate fair values of the assets acquired and liabilities assumed at the date of closing.
(Table only in thousands) |  |  |
Current assets (including cash of $1,025) |  | $ | 16,223 |
Property and equipment |  |  | 1,477 |
Goodwill |  |  | 4,752 |
Intangible – finite life, net |  |  | 4,262 |
Intangible – indefinite life |  |  | 960 |
Total assets acquired |  |  | 27,674 |
Current liabilities assumed |  |  | (1,840 | )
Deferred tax liabilities |  |  | (1,739 | )
Net assets acquired |  | $ | 24,095 |
Emtrol [Member] |
Fair Values of Assets Acquired and Liabilities Assumed at Date of Closing | The following table summarizes the approximate fair values of the assets acquired and liabilities assumed at the date of closing.
(Table only in thousands) |  |  |
Current assets |  | $ | 9,922 |
Property and equipment |  |  | 125 |
Goodwill |  |  | 24,998 |
Intangible – finite life, net |  |  | 12,890 |
Total assets acquired |  |  | 47,935 |
Current liabilities assumed |  |  | (10,173 | )
Net assets acquired |  | $ | 37,762 |
SAT Technology, Inc. ("SAT") [Member] |
Fair Values of Assets Acquired and Liabilities Assumed at Date of Closing | The following table summarizes the approximate fair values of the assets acquired and liabilities assumed at the date of closing.
(Table only in thousands) |  |  |
Current assets |  | $ | 1,679 |
Property and equipment |  |  | 10 |
Goodwill |  |  | 1,733 |
Intangible – finite life, net |  |  | 840 |
Intangible – indefinite life |  |  | 260 |
Total assets acquired |  |  | 4,522 |
Current liabilities assumed |  |  | (1,847 | )
Deferred tax liabilities |  |  | (275 | )
Net assets acquired |  | $ | 2,400 |
HEE [Member] |
Fair Values of Assets Acquired and Liabilities Assumed at Date of Closing | The following table summarizes the approximate fair values of the assets acquired and liabilities assumed at the date of closing.
(Table only in thousands) |  |  |
Current assets |  | $ | 913 |
Property and equipment |  |  | 158 |
Goodwill |  |  | 5,644 |
Intangible – finite life, net |  |  | 2,690 |
Intangible – indefinite life |  |  | 510 |
Total assets acquired |  |  | 9,915 |
Current liabilities assumed |  |  | (415 | )
Net assets acquired |  | $ | 9,500 |

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=cece_PmfgIncMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=cece_ZhongliIndustrialTechnologyLtdMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=cece_EmtrolLlcMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=cece_SatTechnologyIncMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=cece_HeeEnvironmentalEngineeringLlcMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |