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Acquisitions and Joint Ventures (Tables) | 6 Months Ended
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Jun. 30, 2021
Schedule of Unaudited Pro Forma Financial Information | The following unaudited pro forma financial information represents the Company’s results of operations as if the EIS acquisition and the joint venture with Mader had occurred on January 1, 2020:
|  | Three months ended June 30, |  |  | Six months ended June 30, |
(table in thousands, except per share data) |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Net sales |  | $ | 78,680 |  |  | $ | 79,809 |  |  | $ | 150,572 |  |  | $ | 168,608 |
Net income attributable to CECO Environmental Corp. |  |  | 293 |  |  |  | 3,834 |  |  |  | 1,474 |  |  |  | 8,198 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.01 |  |  | $ | 0.11 |  |  | $ | 0.04 |  |  | $ | 0.23 |
Diluted |  | $ | 0.01 |  |  | $ | 0.11 |  |  | $ | 0.04 |  |  | $ | 0.23 |
Environmental Integrated Solutions [Member] |
Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of closing.
(table only in thousands) |  |  |  |
Current assets (including cash of $4,212) |  | $ | 6,416 |
Property and equipment |  |  | 26 |
Other assets |  |  | 44 |
Goodwill |  |  | 7,022 |
Intangible - finite life |  |  | 4,840 |
Total assets acquired |  |  | 18,348 |
Current liabilities assumed |  |  | (6,514 | )
Deferred income tax liability |  |  | (920 | )
Net assets acquired |  | $ | 10,914 |
Mader Holdings L.P. | Joint Venture Agreement |
Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the fair values of the assets acquired and liabilities assumed at the JV agreement date.
(table only in thousands) |  |  |  |
Current assets (including cash of $229) |  | $ | 2,040 |
Property and equipment |  |  | 103 |
Goodwill |  |  | 2,085 |
Deferred income tax asset |  |  | 287 |
Total assets acquired |  |  | 4,515 |
Current liabilities assumed |  |  | (515 | )
Other liabilities |  |  | (500 | )
Long term debt |  |  | (2,508 | )
Net assets acquired |  | $ | 992 |

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