Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 47,583	$ 45,522
Restricted cash	753	1,063
Accounts receivable, net	112,433	83,086
Costs and estimated earnings in excess of billings on uncompleted contracts	64,856	71,016
Inventories, net	37,911	26,526
Prepaid expenses and other current assets	15,266	12,174
Prepaid income taxes	6,583	1,271
Total current assets	285,385	240,658
Property, plant and equipment, net	25,010	20,828
Right-of-use assets from operating leases	13,849	11,373
Goodwill	209,825	183,197
Intangible assets – finite life, net	52,340	35,251
Intangible assets – indefinite life	9,514	9,508
Deferred income taxes	801	829
Deferred charges and other assets	3,333	3,077
Total assets	600,057	504,721
Current liabilities:
Current portion of debt	4,726	3,579
Accounts payable	94,236	73,407
Accrued expenses	44,154	33,791
Billings in excess of costs and estimated earnings on uncompleted contracts	54,209	32,716
Notes Payable	2,500	0
Income taxes payable	3,473	3,207
Total current liabilities	203,298	146,700
Other liabilities	14,652	15,129
Debt, less current portion	135,273	107,625
Deferred income tax liability, net	7,591	8,666
Operating lease liabilities	9,101	8,453
Total liabilities	369,915	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, 34,811,077 and 34,381,668 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively	347	344
Capital in excess of par value	253,613	250,174
Accumulated loss	(10,266)	(19,298)
Accumulated other comprehensive loss	(18,251)	(17,996)
Total CECO shareholders' equity	225,443	213,224
Non-controlling interest	4,699	4,924
Total shareholders' equity	230,142	218,148
Total liabilities and shareholders' equity	$ 600,057	$ 504,721