XML 29 R35.htm IDEA: XBRL DOCUMENT
v3.19.3

Business Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2019
Segment Reporting [Abstract] |
Net Sales and Income from Operation by Business Segment | The financial segment information is presented in the following tables:
|  | Three months ended September 30, |  |  | Nine months ended September 30, |
(dollars in thousands) |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Net Sales (less intra-, inter-segment sales) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Energy Solutions Segment |  | $ | 48,847 |  |  | $ | 56,552 |  |  | $ | 154,606 |  |  | $ | 147,661 |
Industrial Solutions Segment |  |  | 26,983 |  |  |  | 21,868 |  |  |  | 65,920 |  |  |  | 59,833 |
Fluid Handling Solutions Segment |  |  | 9,436 |  |  |  | 9,836 |  |  |  | 31,930 |  |  |  | 35,991 |
Net sales |  | $ | 85,266 |  |  | $ | 88,256 |  |  | $ | 252,456 |  |  | $ | 243,485 |
|  | Three months ended September 30, |  |  | Nine months ended September 30, |
(dollars in thousands) |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Income (loss) from Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Energy Solutions Segment |  | $ | 7,633 |  |  | $ | 8,157 |  |  | $ | 23,275 |  |  | $ | 17,682 |
Industrial Solutions Segment |  |  | 2,794 |  |  |  | 2,091 |  |  |  | 3,911 |  |  |  | 4,769 |
Fluid Handling Solutions Segment |  |  | 818 |  |  |  | 1,388 |  |  |  | 4,657 |  |  |  | 6,744 |
Corporate and Other(1) |  |  | (7,186 | ) |  |  | (22,666 | ) |  |  | (20,878 | ) |  |  | (24,691 | )
Eliminations |  |  | — |  |  |  | 589 |  |  |  | — |  |  |  | (232 | )
Income (loss) from operations |  | $ | 4,059 |  |  | $ | (10,441 | ) |  | $ | 10,965 |  |  | $ | 4,272 |
(1) | Includes gain (loss) on divestitures, net of selling costs (see Note 17 – Divestitures), corporate compensation, professional services, information technology, and other general and administrative corporate expenses. This figure excludes earnout expenses, which are recorded in the segment in which the expense occurs.
Property and Equipment Additions, Depreciation and Amortization and Identifiable Assets |
|  | Three months ended September 30, |  |  | Nine months ended September 30, |
(dollars in thousands) |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Property and Equipment Additions |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Energy Solutions Segment |  | $ | 57 |  |  | $ | 6 |  |  | $ | 218 |  |  | $ | 38 |
Industrial Solutions Segment |  |  | 59 |  |  |  | 533 |  |  |  | 222 |  |  |  | 697 |
Fluid Handling Solutions Segment |  |  | 2,135 |  |  |  | 767 |  |  |  | 2,624 |  |  |  | 1,051 |
Corporate and Other |  |  | 293 |  |  |  | — |  |  |  | 682 |  |  |  | 111 |
Property and equipment additions |  | $ | 2,544 |  |  | $ | 1,306 |  |  | $ | 3,746 |  |  | $ | 1,897 |
|  | Three months ended September 30, |  |  | Nine months ended September 30, |
(dollars in thousands) |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Depreciation and Amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Energy Solutions Segment |  | $ | 1,544 |  |  | $ | 2,379 |  |  | $ | 4,684 |  |  | $ | 6,286 |
Industrial Solutions Segment |  |  | 327 |  |  |  | 361 |  |  |  | 998 |  |  |  | 803 |
Fluid Handling Solutions Segment |  |  | 668 |  |  |  | 1,168 |  |  |  | 2,140 |  |  |  | 2,675 |
Corporate and Other |  |  | 94 |  |  |  | 29 |  |  |  | 331 |  |  |  | 333 |
Depreciation and amortization |  | $ | 2,633 |  |  | $ | 3,937 |  |  | $ | 8,153 |  |  | $ | 10,097 |
(dollars in thousands) |  | September 30, 2019 |  |  | December 31, 2018 |
Identifiable Assets |  |  |  |  |  |  |  |
Energy Solutions Segment |  | $ | 246,630 |  |  | $ | 245,842 |
Industrial Solutions Segment |  |  | 58,250 |  |  |  | 55,582 |
Fluid Handling Solutions Segment |  |  | 71,778 |  |  |  | 72,507 |
Corporate and Other(2) |  |  | 12,982 |  |  |  | 18,651 |
Identifiable assets |  | $ | 389,640 |  |  | $ | 392,582 |
(2) | Corporate and Other assets consist primarily of cash and income tax related assets.
Goodwill |
(dollars in thousands) |  | September 30, 2019 |  |  | December 31, 2018 |
Goodwill |  |  |  |  |  |  |  |
Energy Solutions Segment |  | $ | 96,956 |  |  | $ | 97,143 |
Industrial Solutions Segment |  |  | 23,436 |  |  |  | 23,436 |
Fluid Handling Solutions Segment |  |  | 31,577 |  |  |  | 31,577 |
Goodwill |  | $ | 151,969 |  |  | $ | 152,156 |
Intra-Segment and Inter-Segment Revenues | The Company has multiple divisions that sell to each other within segments (intra-segment sales) and between segments (inter-segment sales) as indicated in the following tables:
|  | Three months ended September 30, 2019 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Less Inter-Segment Sales |  |  |
(dollars in thousands) |  | Total Sales |  |  |  |  | Intra- Segment Sales |  |  |  |  | Industrial |  |  |  |  | Energy |  |  |  |  | Fluid |  |  | Net Sales to Outside Customers |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Energy Solutions Segment |  | $ | 51,083 |  |  |  |  | $ | (2,134 | ) |  |  |  | $ | (102 | ) |  |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | 48,847 |
Industrial Solutions Segment |  |  | 29,269 |  |  |  |  |  | (2,227 | ) |  |  |  |  | — |  |  |  |  |  | (59 | ) |  |  |  |  | — |  |  |  | 26,983 |
Fluid Handling Solutions Segment |  |  | 9,823 |  |  |  |  |  | (362 | ) |  |  |  |  | (25 | ) |  |  |  |  | — |  |  |  |  |  | — |  |  |  | 9,436 |
Net Sales |  | $ | 90,175 |  |  |  |  | $ | (4,723 | ) |  |  |  | $ | (127 | ) |  |  |  | $ | (59 | ) |  |  |  | $ | — |  |  | $ | 85,266 |
|  | Three months ended September 30, 2018 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Less Inter-Segment Sales |  |  |
(dollars in thousands) |  | Total Sales |  |  |  |  | Intra- Segment Sales |  |  |  |  | Industrial |  |  |  |  | Energy |  |  |  |  | Fluid |  |  | Net Sales to Outside Customers |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Energy Solutions Segment |  | $ | 58,561 |  |  |  |  | $ | (1,453 | ) |  |  |  | $ | (556 | ) |  |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | 56,552 |
Industrial Solutions Segment |  |  | 22,409 |  |  |  |  |  | (573 | ) |  |  |  |  | — |  |  |  |  |  | 73 |  |  |  |  |  | (41 | ) |  |  | 21,868 |
Fluid Handling Solutions Segment |  |  | 10,226 |  |  |  |  |  | (399 | ) |  |  |  |  | 16 |  |  |  |  |  | (7 | ) |  |  |  |  | — |  |  |  | 9,836 |
Net Sales |  | $ | 91,196 |  |  |  |  | $ | (2,425 | ) |  |  |  | $ | (540 | ) |  |  |  | $ | 66 |  |  |  |  | $ | (41 | ) |  | $ | 88,256 |
|  | Nine months ended September 30, 2019 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Less Inter-Segment Sales |  |  |
(dollars in thousands) |  | Total Sales |  |  |  |  | Intra- Segment Sales |  |  |  |  | Industrial |  |  |  |  | Energy |  |  |  |  | Fluid |  |  | Net Sales to Outside Customers |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Energy Solutions Segment |  | $ | 158,888 |  |  |  |  | $ | (3,998 | ) |  |  |  | $ | (272 | ) |  |  |  | $ | — |  |  |  |  | $ | (12 | ) |  | $ | 154,606 |
Industrial Solutions Segment |  |  | 73,794 |  |  |  |  |  | (6,204 | ) |  |  |  |  | — |  |  |  |  |  | (1,617 | ) |  |  |  |  | (53 | ) |  |  | 65,920 |
Fluid Handling Solutions Segment |  |  | 33,189 |  |  |  |  |  | (1,096 | ) |  |  |  |  | (163 | ) |  |  |  |  | — |  |  |  |  |  | — |  |  |  | 31,930 |
Net Sales |  | $ | 265,871 |  |  |  |  | $ | (11,298 | ) |  |  |  | $ | (435 | ) |  |  |  | $ | (1,617 | ) |  |  |  | $ | (65 | ) |  | $ | 252,456 |
|  | Nine months ended September 30, 2018 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Less Inter-Segment Sales |  |  |
(dollars in thousands) |  | Total Sales |  |  |  |  | Intra- Segment Sales |  |  |  |  | Industrial |  |  |  |  | Energy |  |  |  |  | Fluid |  |  | Net Sales to Outside Customers |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Energy Solutions Segment |  | $ | 155,011 |  |  |  |  | $ | (5,851 | ) |  |  |  | $ | (1,494 | ) |  |  |  | $ | — |  |  |  |  | $ | (5 | ) |  | $ | 147,661 |
Industrial Solutions Segment |  |  | 62,652 |  |  |  |  |  | (2,178 | ) |  |  |  |  | — |  |  |  |  |  | (600 | ) |  |  |  |  | (41 | ) |  | $ | 59,833 |
Fluid Handling Solutions Segment |  |  | 37,557 |  |  |  |  |  | (1,208 | ) |  |  |  |  | (351 | ) |  |  |  |  | (7 | ) |  |  |  |  | — |  |  | $ | 35,991 |
Net Sales |  | $ | 255,220 |  |  |  |  | $ | (9,237 | ) |  |  |  | $ | (1,845 | ) |  |  |  | $ | (607 | ) |  |  |  | $ | (46 | ) |  | $ | 243,485 |

X
- Definition Intra segment and inter segment elimination by revenue. + References No definition available. + Details
Name: | cece_IntraSegmentAndInterSegmentEliminationByRevenueTableTextBlock
Namespace Prefix: | cece_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of each significant reconciling item, other than profit (loss), revenues, or assets, in the reconciliation of totals of such items in reportable segments to the entity's corresponding consolidated amount. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration