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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 40,864 $ 35,992
Restricted cash 2,386 1,819
Accounts receivable, net 66,468 63,046
Costs and estimated earnings in excess of billings on uncompleted contracts 41,173 45,498
Inventories, net 16,398 17,343
Prepaid expenses and other current assets 11,369 11,530
Prepaid income taxes 2,838 7,790
Assets held for sale   467
Total current assets 181,496 183,485
Property, plant and equipment, net 16,175 16,228
Right-of-use assets from operating leases 10,729 11,376
Goodwill 161,652 161,820
Intangible assets – finite life, net 31,021 29,637
Intangible assets – indefinite life 9,720 12,937
Deferred charges and other assets 2,864 3,831
Total assets 413,657 419,314
Current liabilities:    
Current portion of debt 3,437 3,125
Accounts payable and accrued expenses 85,518 84,997
Billings in excess of costs and estimated earnings on uncompleted contracts 17,107 20,691
Income taxes payable   543
Total current liabilities 106,062 109,356
Other liabilities 20,183 20,576
Debt, less current portion 65,955 69,491
Deferred income tax liability, net 6,964 6,970
Operating lease liabilities 8,842 9,310
Total liabilities 208,006 215,703
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, 35,567,511 and 35,504,757 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 356 355
Capital in excess of par value 255,982 255,296
Accumulated loss (36,960) (38,141)
Accumulated other comprehensive loss (14,441) (14,496)
Stockholders' equity before treasury stock 204,937 203,014
Less treasury stock, at cost, 137,920 shares at March 31, 2021 and December 31, 2020 (356) (356)
Total CECO shareholders’ equity 204,581 202,658
Noncontrolling interest 1,070 953
Total shareholders' equity 205,651 203,611
Total liabilities and shareholders' equity $ 413,657 $ 419,314