Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 47,617	$ 45,522
Restricted cash	935	1,063
Accounts receivable, net	126,663	83,086
Costs and estimated earnings in excess of billings on uncompleted contracts	61,905	71,016
Inventories, net	31,828	26,526
Prepaid expenses and other current assets	15,634	12,174
Prepaid income taxes	6,456	1,271
Total current assets	291,038	240,658
Property, plant and equipment, net	24,194	20,828
Right-of-use assets from operating leases	11,530	11,373
Goodwill	199,736	183,197
Intangible assets – finite life, net	42,899	35,251
Intangible assets – indefinite life	9,559	9,508
Deferred income taxes	816	829
Deferred charges and other assets	2,846	3,077
Total assets	582,618	504,721
Current liabilities:
Current portion of debt	4,313	3,579
Accounts payable and accrued expenses	116,254	107,198
Billings in excess of costs and estimated earnings on uncompleted contracts	61,365	32,716
Notes Payable	2,500	0
Income taxes payable	3,788	3,207
Total current liabilities	188,220	146,700
Other liabilities	13,611	15,129
Debt, less current portion	137,322	107,625
Deferred income tax liability, net	7,991	8,666
Operating lease liabilities	8,326	8,453
Total liabilities	355,470	286,573
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, 34,738,126 and 34,381,668 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively	347	344
Capital in excess of par value	252,406	250,174
Accumulated loss	(13,596)	(19,298)
Accumulated other comprehensive loss	(17,091)	(17,996)
Total CECO shareholders' equity	222,066	213,224
Non-controlling interest	5,082	4,924
Total shareholders' equity	227,148	218,148
Total liabilities and shareholders' equity	$ 582,618	$ 504,721