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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 35,992 $ 35,602
Restricted cash 1,819 1,356
Accounts receivable, net 63,046 68,434
Costs and estimated earnings in excess of billings on uncompleted contracts 45,498 34,805
Inventories, net 17,343 20,578
Prepaid expenses and other current assets 11,530 9,899
Prepaid income taxes 7,790 8,231
Assets held for sale 467 593
Total current assets 183,485 179,498
Property, plant and equipment, net 16,228 15,274
Right-of-use assets from operating leases 11,376 13,607
Goodwill 161,820 152,020
Intangible assets – finite life, net 29,637 31,283
Intangible assets – indefinite life 12,937 14,291
Deferred charges and other assets 3,831 2,664
Total assets 419,314 408,637
Current liabilities:    
Current portion of debt 3,125 2,500
Accounts payable and accrued expenses 84,997 78,319
Billings in excess of costs and estimated earnings on uncompleted contracts 20,691 34,369
Income taxes payable 543  
Total current liabilities 109,356 115,188
Other liabilities 20,576 20,372
Debt, less current portion 69,491 63,001
Deferred income tax liability, net 6,970 5,943
Operating lease liabilities 9,310 11,116
Total liabilities 215,703 215,620
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, 35,504,757 and 35,275,465 shares issued and outstanding at December 31, 2020 and 2019, respectively 355 353
Capital in excess of par value 255,296 253,869
Accumulated loss (38,141) (46,344)
Accumulated other comprehensive loss (14,496) (14,505)
Stockholders' equity before treasury stock 203,014 193,373
Less treasury stock, at cost, 137,920 shares at December 31, 2020 and 2019 (356) (356)
Total CECO shareholders’ equity 202,658 193,017
Noncontrolling interest 953  
Total shareholders' equity 203,611 193,017
Total liabilities and shareholders’ equity $ 419,314 $ 408,637