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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 31,925 $ 35,992
Restricted cash 2,541 1,819
Accounts receivable, net 70,024 63,046
Costs and estimated earnings in excess of billings on uncompleted contracts 50,536 45,498
Inventories, net 18,609 17,343
Prepaid expenses and other current assets 12,229 11,530
Prepaid income taxes 3,844 7,790
Assets held for sale 0 467
Total current assets 189,708 183,485
Property, plant and equipment, net 15,893 16,228
Right-of-use assets from operating leases 10,998 11,376
Goodwill 161,593 161,820
Intangible assets – finite life, net 27,658 29,637
Intangible assets – indefinite life 9,701 12,937
Deferred charges and other assets 3,125 3,831
Total assets 418,676 419,314
Current liabilities:    
Current portion of debt 3,750 3,125
Accounts payable and accrued expenses 89,633 84,997
Billings in excess of costs and estimated earnings on uncompleted contracts 24,559 20,691
Income taxes payable 467 543
Total current liabilities 118,409 109,356
Other liabilities 19,486 20,576
Debt, less current portion 62,182 69,491
Deferred income tax liability, net 7,188 6,970
Operating lease liabilities 8,884 9,310
Total liabilities 216,149 215,703
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, $.01 par value; 10,000 shares authorized, none issued 0 0
Common stock, $.01 par value; 100,000,000 shares authorized, 35,809,061 and 35,504,757 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively 358 355
Capital in excess of par value 257,482 255,296
Accumulated loss (37,916) (38,141)
Accumulated other comprehensive loss (14,401) (14,496)
Stockholders' equity before treasury stock 205,523 203,014
Less treasury stock, at cost, 659,417 and 137,920 shares at September 30, 2021 and December 31, 2020, respectively (4,101) (356)
Total CECO shareholders' equity 201,422 202,658
Non-controlling interest 1,105 953
Total shareholders' equity 202,527 203,611
Total liabilities and shareholders' equity $ 418,676 $ 419,314