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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Net sales $ 108,414 $ 79,979 $ 306,225 $ 230,551
Cost of sales 75,988 57,254 215,696 158,164
Gross profit 32,426 22,725 90,529 72,387
Selling and administrative expenses 25,166 20,929 66,806 60,894
Amortization and earnout expenses 2,039 1,776 4,939 5,849
Restructuring expenses 0 397 73 655
Acquisition and integration expenses 1,287 219 3,827 357
Executive transition expenses 1,161 0 1,161 29
Income (loss) from operations 2,773 (596) 13,723 4,603
Other income (expense), net 1,276 185 2,754 (1,155)
Interest expense (1,569) (722) (3,489) (2,152)
Income (loss) before income taxes 2,480 (1,133) 12,988 1,296
Income tax expense 314 63 3,287 813
Net income (loss) 2,166 (1,196) 9,701 483
Non-controlling interest 223 53 579 259
Net income (loss) attributable to CECO Environmental Corp. $ 1,943 $ (1,249) $ 9,122 $ 224
Earnings (loss) per share:        
Basic $ 0.06 $ (0.04) $ 0.26 $ 0.01
Diluted $ 0.06 $ (0.04) $ 0.26 $ 0.01
Weighted average number of common shares outstanding:        
Basic 34,455,657 35,472,298 34,791,129 35,463,279
Diluted 34,871,313 35,472,298 35,035,041 35,729,887