Acquisitions and Joint Ventures (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Unaudited Pro Forma Financial Information

The following unaudited pro forma financial information represents the Company’s results of operations as if the EIS acquisition and the joint venture with Mader had occurred on January 1, 2019:

	December 31,
(table only in thousands, except per share data)	2020		2019
Net sales	$	329,801	$	368,027
Net income attributable to CECO Environmental Corp		9,728		26,980
Earnings per share:
Basic	$	0.28	$	0.77
Diluted	$	0.27	$	0.76

Environmental Integrated Solutions [Member]

Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed

. The following table summarizes the approximate fair values of the assets acquired and liabilities assumed at the date of closing.

(table only in thousands)
Current assets (including cash of $4,212)	$	6,416
Property and equipment		26
Other assets		44
Goodwill		7,022
Intangible - finite life		4,840
Total assets acquired		18,348
Current liabilities assumed		(6,514	)
Deferred income tax liability		(920	)
Net assets acquired	$	10,914

Mader Holdings L.P. | Joint Venture Agreement

Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the approximate fair values of the assets acquired and liabilities assumed at the JV agreement date.

(table only in thousands)
Current assets (including cash of $229)	$	2,040
Property and equipment		103
Goodwill		2,085
Deferred income tax asset		287
Total assets assumed		4,515
Current liabilities assumed		(515	)
Other liabilities		(500	)
Long term debt		(2,508	)
Fair value of 30% noncontrolling equity interest in Mader	$	992