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Nature of Business and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash Reported within Consolidated Statements of Cash Flows

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Statements of Cash Flows.

 

 

 

December 31,

 

 

 

2022

 

 

2021

 

Cash and cash equivalents

 

$

45,522

 

 

$

29,902

 

Restricted cash

 

 

1,063

 

 

 

2,093

 

Total cash, cash equivalents and restricted cash

 

$

46,585

 

 

$

31,995

 

Schedule of Numerators and Denominators Used to Calculate Basic and Diluted Earnings Per Share

Earnings per share—The following table reconciles the numerators and denominators used to calculate basic and diluted earnings per share for 2022, 2021 and 2020.

 

 

For the Year Ended December 31

 

 

 

2022

 

 

2021

 

 

2020

 

(table only in thousands)

 

 

 

 

 

 

 

 

 

Numerator (for basic and diluted earnings per share)

 

 

 

 

 

 

 

 

 

Net income attributable to CECO Environmental Corp.

 

$

17,417

 

 

$

1,426

 

 

$

8,211

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

 

34,672

 

 

 

35,346

 

 

 

35,290

 

Common stock equivalents arising from stock options and restricted stock awards

 

 

333

 

 

 

249

 

 

 

231

 

Diluted weighted-average shares outstanding

 

 

35,005

 

 

 

35,595

 

 

 

35,521