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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 56,606 $ 34,194
Restricted cash 5,000 5,319
Accounts receivable, net 84,565 97,778
Costs and estimated earnings in excess of billings on uncompleted contracts 40,770 43,175
Inventories, net 27,129 32,509
Prepaid expenses and other current assets 15,831 9,058
Prepaid income taxes 1,342 4,724
Assets held for sale 2,413 1,699
Total current assets 233,656 228,456
Property, plant and equipment, net 40,779 44,981
Goodwill 220,675 220,163
Intangible assets-finite life, net 67,388 74,957
Intangible assets-indefinite life 26,376 26,337
Deferred charges and other assets 2,828 3,925
Total assets 591,702 598,819
Current liabilities:    
Current portion of debt 16,553 19,494
Accounts payable and accrued expenses 104,256 99,097
Billings in excess of costs and estimated earnings on uncompleted contracts 39,105 28,000
Income taxes payable 471 1,582
Total current liabilities 160,385 148,173
Other liabilities 32,286 30,072
Debt, less current portion 135,976 157,834
Deferred income tax liability, net 16,072 17,719
Total liabilities 344,719 353,798
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, $.01 par value; 10,000 shares authorized, none issued
Common stock, $.01 par value; 100,000,000 shares authorized, 34,099,859 and 34,055,749 shares issued 2016 and 2015, respectively 341 340
Capital in excess of par value 244,705 243,274
Accumulated earnings 8,136 5,472
Accumulated other comprehensive loss (11,653) (9,577)
Stockholders' equity before treasury stock 241,529 239,509
Less treasury stock, at cost, 137,920 shares in 2016 and 2015 (356) (356)
Total CECO shareholders’ equity 241,173 239,153
Noncontrolling interest 5,810 5,868
Total shareholders’ equity 246,983 245,021
Total liabilities and shareholders' equity $ 591,702 $ 598,819