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

12 Months Ended

Dec. 31, 2014

Principles of consolidation—Our consolidated financial statements include the accounts of the following subsidiaries:


	% Owned As Of December 31, 2014
CECO Group, Inc.		100	%
CECO Group Global Holdings LLC		100	%
CECO Filters, Inc. and Subsidiaries (“CFI”)		99	%
The Kirk & Blum Manufacturing Company		100	%
CECO Abatement Systems, Inc.		100	%
EFFOX, Inc. (“Effox”)		100	%
Fisher-Klosterman, Inc. (“FKI”)		100	%
Flextor, Inc. (“Flextor”)		100	%
Adwest Technologies, Inc. (“Adwest”)		100	%
Aarding Thermal Acoustics B.V. (“Aarding”)		100	%
Met-Pro Technologies LLC (“Met-Pro”)		100	%

The computational components of basic and diluted earnings per share for 2014, 2013 and 2012 are below.


	For the Year Ended December 31, 2014
	Numerator (Income)		Denominator (Shares)		Per Share Amount
Basic net income and earnings per share	$	13,077		25,751	$	0.51
Effect of dilutive securities:
Common stock equivalents arising from stock options and employee stock purchase plan		—		446		(0.01	)

Diluted net income and earnings per share	$	13,077		26,197	$	0.50


	For the Year Ended December 31, 2013
	Numerator (Income)		Denominator (Shares)		Per Share Amount
Basic net income and earnings per share	$	6,557		20,117	$	0.33
Effect of dilutive securities:
Common stock equivalents arising from stock options and employee stock purchase plan		—		603		(0.01	)

Diluted net income and earnings per share	$	6,557		20,720	$	0.32


	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 net income and earnings per share	$	11,153		17,246	$	0.65