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Acquisitions and Joint Ventures (Tables) | 6 Months Ended
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Jun. 30, 2022
Schedule of Unaudited Pro Forma Financial Information | The following unaudited pro forma financial information represents the Company’s results of operations as if the GRC, Compass, and Western Air Ducts acquisitions had occurred on January 1, 2021:
|  | Three months ended June 30, |  |  | Six months ended June 30, |
(table in thousands, except per share data) |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Net sales |  | $ | 106,995 |  |  | $ | 85,828 |  |  | $ | 204,280 |  |  | $ | 164,979 |
Net income attributable to CECO Environmental Corp. |  |  | 4,573 |  |  |  | 431 |  |  |  | 7,508 |  |  |  | 2,415 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.13 |  |  | $ | 0.01 |  |  | $ | 0.21 |  |  | $ | 0.07 |
Diluted |  | $ | 0.13 |  |  | $ | 0.01 |  |  | $ | 0.21 |  |  | $ | 0.07 |
General Rubber LLC [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 $137) |  | $ | 4,963 |
Property and equipment |  |  | 459 |
Goodwill |  |  | 11,120 |
Intangible - finite life |  |  | 8,380 |
Total assets acquired |  |  | 24,922 |
Current liabilities assumed |  |  | (714 | )
Deferred income tax liability |  |  | (388 | )
Net assets acquired |  | $ | 23,820 |
Compass Water Solutions, Inc [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 $334) |  | $ | 4,796 |
Property and equipment |  |  | 101 |
Goodwill |  |  | 4,848 |
Intangible - finite life |  |  | 4,900 |
Total assets acquired |  |  | 14,645 |
Current liabilities assumed |  |  | (623 | )
Deferred income tax liability |  |  | (1,627 | )
Net assets acquired |  | $ | 12,395 |
Western Air Ducts Ltd [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 $1,557) |  | $ | 2,711 |
Property and equipment |  |  | 188 |
Goodwill |  |  | 9,712 |
Total assets acquired |  |  | 12,611 |
Current liabilities assumed |  |  | (1,127 | )
Deferred income tax liability |  |  | (34 | )
Net assets acquired |  | $ | 11,450 |

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