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Quarterly Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information

 

 

Quarter

 

 

(Table only in thousands)

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

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 per share

 

$

0.01

 

 

$

0.08

 

 

$

(0.17

)

 

$

(0.09

)

 

Diluted earnings per share

 

$

0.01

 

 

$

0.08

 

 

$

(0.17

)

 

$

(0.09

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

57,170

 

 

$

66,641

 

 

$

63,300

 

 

$

76,106

 

 

Gross profit

 

 

19,729

 

 

 

21,449

 

 

 

21,058

 

 

 

22,587

 

 

Net income

 

 

3,021

 

 

 

4,493

 

 

 

3,703

 

 

 

1,860

 

 

Basic earnings per share

 

$

0.12

 

 

$

0.18

 

 

$

0.14

 

 

$

0.07

 

 

Diluted earnings per share

 

$

0.12

 

 

$

0.17

 

 

$

0.14

 

 

$

0.07

 

 

 

 

 

(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.