Nature of Business and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2012

Nature of Business and Summary of Significant Accounting Policies [Abstract]

Consolidated financial statements include the accounts of the subsidiaries

Our consolidated financial statements include the accounts of the following subsidiaries:

	% Owned As Of December 31, 2012
CECO Group, Inc.		100	%
CECO Filters, Inc. and Subsidiaries (“CFI”)		99	%
The Kirk & Blum Manufacturing Company		100	%
CECO Abatement Systems, Inc.		100	%
CECOaire, Inc.		100	%
EFFOX, Inc. (“Effox”)		100	%
Fisher-Klosterman, Inc. (“FKI”)		100	%
Flextor, Inc. (“Flextor”)		100	%
Adwest Technologies, Inc. (“Adwest”)		100	%

Change in accrued warranty expense

The change in accrued warranty expense is summarized in the following table:

$ in thousands	2012			2011
Beginning balance	$	431		$	455
Provision		285			277
Payments		(185	)		(301	)
Ending balance	$	531		$	431

Number of shares outstanding for calculation of earnings (loss) per share

The computational components of basic and diluted earnings per share for 2012 and 2011 are below (shares and dollars in thousands, except per share amounts).

	For the Year Ended December 31, 2012
	Numerator (Income)		Denominator (Shares)		Per Share Amount
Basic net income and earnings per share	$	10,850		14,813	$	0.73
Effect of dilutive securities and notes:
Common stock equivalents arising from stock options and employee stock purchase plan		—		327
Subordinated convertible promissory notes		303		2,106		(0.08	)
Diluted earnings and earnings per share	$	11,153		17,246	$	0.65

	For the Year Ended December 31, 2011
	Numerator (Income)		Denominator (Shares)		Per Share Amount
Basic net income and earnings per share	$	8,272		14,386	$	0.58
Effect of dilutive securities and notes:
Common stock equivalents arising from stock options and employee stock purchase plan		—		124
Subordinated convertible promissory notes		375		2,605		(0.07	)
Diluted earnings and earnings per share	$	8,647		17,115	$	0.51