2021 Q4 Form 10-K Financial Statement

#000095017022003502 Filed on March 14, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $93.59M $324.1M $82.90M
YoY Change 12.89% 2.57% -7.28%
Cost Of Revenue $65.35M $223.2M $56.70M
YoY Change 15.26% 5.85% -4.87%
Gross Profit $28.24M $100.9M $26.20M
YoY Change 7.77% -4.0% -12.79%
Gross Profit Margin 30.17% 31.14% 31.6%
Selling, General & Admin $20.90M $81.80M $17.60M
YoY Change 18.77% 6.33% -13.73%
% of Gross Profit 74.03% 81.05% 67.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.480M $9.853M $2.700M
YoY Change -8.15% -0.69% 9.76%
% of Gross Profit 8.78% 9.76% 10.31%
Operating Expenses $22.84M $81.80M $20.80M
YoY Change 9.82% 6.33% -7.14%
Operating Profit $5.392M $9.857M $5.400M
YoY Change -0.15% -26.14% -29.36%
Interest Expense -$800.0K $2.952M -$800.0K
YoY Change 0.0% -16.49% -27.27%
% of Operating Profit -14.84% 29.95% -14.81%
Other Income/Expense, Net -$1.076M $2.231M $1.000M
YoY Change -207.6% 9.74% 42.86%
Pretax Income $3.378M $4.674M $3.900M
YoY Change -13.38% -60.54% -40.91%
Income Tax $1.878M $2.691M $2.100M
% Of Pretax Income 55.6% 57.57% 53.85%
Net Earnings $1.202M $1.426M $1.800M
YoY Change -33.22% -82.63% -78.56%
Net Earnings / Revenue 1.28% 0.44% 2.17%
Basic Earnings Per Share $0.04
Diluted Earnings Per Share $34.16K $0.04 $50.42K
COMMON SHARES
Basic Shares Outstanding 35.81M 35.35M 35.50M
Diluted Shares Outstanding 35.60M

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $29.90M $29.90M $36.00M
YoY Change -16.94% -16.94% 1.12%
Cash & Equivalents $29.90M $29.90M $36.00M
Short-Term Investments
Other Short-Term Assets $12.85M $12.85M $13.80M
YoY Change -6.86% -6.86% 16.95%
Inventory $17.05M $68.48M $17.34M
Prepaid Expenses
Receivables $74.99M $74.99M $63.05M
Other Receivables $2.784M $2.784M $7.800M
Total Short-Term Assets $189.0M $189.0M $183.5M
YoY Change 3.01% 3.0% 2.22%
LONG-TERM ASSETS
Property, Plant & Equipment $15.95M $26.84M $16.23M
YoY Change -1.73% -2.75% 6.25%
Goodwill $161.2M $161.8M
YoY Change -0.39% 6.45%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.692M $3.692M $3.800M
YoY Change -2.84% -2.84% 40.74%
Total Long-Term Assets $227.2M $227.2M $235.8M
YoY Change -3.66% -3.65% 2.92%
TOTAL ASSETS
Total Short-Term Assets $189.0M $189.0M $183.5M
Total Long-Term Assets $227.2M $227.2M $235.8M
Total Assets $416.2M $416.2M $419.3M
YoY Change -0.74% -0.74% 2.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $56.24M $56.24M $55.90M
YoY Change 0.61% 0.61% 14.55%
Accrued Expenses $22.83M $22.83M $24.60M
YoY Change -7.18% -7.18% 5.13%
Deferred Revenue $28.91M $20.69M
YoY Change 39.71% -39.8%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.203M $2.803M $3.125M
YoY Change -29.5% -24.24% 25.0%
Total Short-Term Liabilities $116.7M $116.7M $109.4M
YoY Change 6.7% 6.66% -5.06%
LONG-TERM LIABILITIES
Long-Term Debt $61.58M $67.76M $69.49M
YoY Change -11.39% -11.19% 10.3%
Other Long-Term Liabilities $14.83M $17.41M $20.58M
YoY Change -27.95% -24.65% 1.0%
Total Long-Term Liabilities $76.40M $85.17M $90.07M
YoY Change -15.17% -14.32% 8.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $116.7M $116.7M $109.4M
Total Long-Term Liabilities $76.40M $85.17M $90.07M
Total Liabilities $210.2M $211.6M $215.7M
YoY Change -2.53% -2.33% 0.04%
SHAREHOLDERS EQUITY
Retained Earnings -$36.72M -$38.14M
YoY Change -3.74% -17.7%
Common Stock $253.3M $255.7M
YoY Change -0.9% 0.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $204.6M $204.6M $202.7M
YoY Change
Total Liabilities & Shareholders Equity $416.2M $416.2M $419.3M
YoY Change -0.74% -0.74% 2.61%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $1.202M $1.426M $1.800M
YoY Change -33.22% -82.63% -78.56%
Depreciation, Depletion And Amortization $2.480M $9.853M $2.700M
YoY Change -8.15% -0.69% 9.76%
Cash From Operating Activities $3.066M $13.30M -$4.700M
YoY Change -165.23% 200.79% -143.28%
INVESTING ACTIVITIES
Capital Expenditures -$876.0K $2.616M -$1.070M
YoY Change -18.13% -33.69% -43.98%
Acquisitions
YoY Change
Other Investing Activities $0.00 $533.0K $0.00
YoY Change -110.08%
Cash From Investing Activities -$876.0K -$2.083M -$1.070M
YoY Change -18.13% -77.44% -43.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $5.014M
YoY Change
Debt Paid & Issued, Net $2.738M
YoY Change -45.34%
Cash From Financing Activities -3.721M -15.56M -4.060M
YoY Change -8.35% -517.72% 81.25%
NET CHANGE
Cash From Operating Activities 3.066M 13.30M -4.700M
Cash From Investing Activities -876.0K -2.083M -1.070M
Cash From Financing Activities -3.721M -15.56M -4.060M
Net Change In Cash -1.531M -5.816M -9.830M
YoY Change -84.43% -781.83% -246.5%
FREE CASH FLOW
Cash From Operating Activities $3.066M $13.30M -$4.700M
Capital Expenditures -$876.0K $2.616M -$1.070M
Free Cash Flow $3.942M $10.68M -$3.630M
YoY Change -208.6% 2144.12% -128.43%

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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5816000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
853000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-7480000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
37811000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
36958000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
44438000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
31995000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
37811000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
36958000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
2146000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
3172000
CY2019 us-gaap Interest Paid Net
InterestPaidNet
3549000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-2570000
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2156000
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5908000
CY2021 us-gaap Nature Of Operations
NatureOfOperations
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:12.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;font-style:italic;">Nature of business</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">— CECO Environmental Corp. and its consolidated subsidiaries (“CECO,” the “Company,” “we,” “us,” or “our”) is a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment. CECO provides innovative technology and application expertise that helps companies grow their businesses with safe, clean, and more efficient solutions to help protect our shared environment. CECO serves both established and emerging industries in regions around the world working to improve air quality, optimize the energy value chain, and provide customized engineered solutions in multiple applications that include power generation, petrochemical processing, general industrial, midstream, refining, oil &amp; gas, electric vehicle production, poly silicon fabrication, battery recycling, and wastewater treatment, along with a wide range of other industries.</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:12.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;">COVID-19</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:12.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">A novel strain of coronavirus (“COVID-19”) surfaced in late 2019 and has spread around the world, including to the United States. In March 2020, the World Health Organization characterized COVID-19 as a pandemic. As of December 31, 2021, the virus, including new emerging variants, continues to spread and has had a significant impact on worldwide economic activity, on macroeconomic conditions and the end markets of our business.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:12.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">The outbreak and a continued spread of COVID-19 has resulted in a substantial curtailment of business activities worldwide and has caused weakened economic conditions, both in the United States and abroad. Although vaccines are available in various countries where we operate, it is possible the COVID-19 pandemic may continue to have a negative impact on the Company's ongoing operations and the end markets in which it serves. However, the full impact of the COVID-19 pandemic continues to evolve as of the date of this filing, and as such, it is uncertain as to the full magnitude or lasting impact that the pandemic will have on the Company’s financial condition, liquidity, and future results of operations. Management is actively monitoring the impact of the pandemic on its financial condition, liquidity, operations, suppliers, industry, and workforce.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> </span></p>
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:12.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;font-style:italic;">Use of estimates</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">—The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></p>
CY2021 cece Cash And Cash Equivalents Highly Liquid Investments Maximum Maturity Period
CashAndCashEquivalentsHighlyLiquidInvestmentsMaximumMaturityPeriod
P3M
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
29902000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
35992000
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
2093000
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
1819000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
31995000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
37811000
CY2021 cece Accounts Receivables Payment Period From Invoice Date
AccountsReceivablesPaymentPeriodFromInvoiceDate
P30D
CY2021 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0
CY2020 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
900000
CY2019 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0
CY2021 us-gaap Loss On Contracts
LossOnContracts
0
CY2020 us-gaap Loss On Contracts
LossOnContracts
0
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
400000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
1426000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
8211000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
17707000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35346000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35290000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34988000
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
249000
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
231000
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
496000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35595000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35521000
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35484000
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1800000
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1000000.0
CY2021 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-3100000
CY2020 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
1300000
CY2019 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
900000
CY2021 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:12.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;font-style:italic;">Reclassifications</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> —Certain prior year amounts have been reclassified in order to conform to the current year presentation.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> </span></p>
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
29900000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
36000000.0
CY2021 cece Cash Held Outside Domestic Territory
CashHeldOutsideDomesticTerritory
22600000
CY2020 cece Cash Held Outside Domestic Territory
CashHeldOutsideDomesticTerritory
28000000.0
CY2021Q4 us-gaap Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
65932000
CY2020Q4 us-gaap Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
57435000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3478000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3110000
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
74991000
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
63046000
CY2021Q4 cece Contract Receivable Retainage1
ContractReceivableRetainage1
1800000
CY2020Q4 cece Contract Receivable Retainage1
ContractReceivableRetainage1
1500000
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
700000
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
900000
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
300000
CY2021 cece Allowance For Doubtful Accounts Receivable Charge Offs Recoveries
AllowanceForDoubtfulAccountsReceivableChargeOffsRecoveries
300000
CY2020 cece Allowance For Doubtful Accounts Receivable Charge Offs Recoveries
AllowanceForDoubtfulAccountsReceivableChargeOffsRecoveries
400000
CY2019 cece Allowance For Doubtful Accounts Receivable Charge Offs Recoveries
AllowanceForDoubtfulAccountsReceivableChargeOffsRecoveries
600000
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
13405000
CY2020Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
14262000
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
5147000
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
5594000
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
674000
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
496000
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2174000
CY2020Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
3009000
CY2021Q4 us-gaap Inventory Net
InventoryNet
17052000
CY2020Q4 us-gaap Inventory Net
InventoryNet
17343000
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
100000
CY2020 us-gaap Inventory Write Down
InventoryWriteDown
500000
CY2019 us-gaap Inventory Write Down
InventoryWriteDown
300000
CY2021 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
900000
CY2020 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
100000
CY2019 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
100000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
36830000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
34533000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
20882000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
18305000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15948000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
16228000
CY2021 us-gaap Depreciation
Depreciation
3200000
CY2020 us-gaap Depreciation
Depreciation
2500000
CY2019 us-gaap Depreciation
Depreciation
2100000
CY2019Q4 us-gaap Goodwill
Goodwill
152020000
CY2020 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
9107000
CY2020 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
693000
CY2020Q4 us-gaap Goodwill
Goodwill
161820000
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-637000
CY2021Q4 us-gaap Goodwill
Goodwill
161183000
CY2021Q4 us-gaap Goodwill Gross
GoodwillGross
221900000
CY2020Q4 us-gaap Goodwill Gross
GoodwillGross
222500000
CY2017Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
60700000
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
12937000
CY2019Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
14291000
CY2021 cece Indefinite Lived Intangible Assets Excluding Goodwill During Period Transfers
IndefiniteLivedIntangibleAssetsExcludingGoodwillDuringPeriodTransfers
3150000
CY2020 cece Indefinite Lived Intangible Assets Excluding Goodwill During Period Transfers
IndefiniteLivedIntangibleAssetsExcludingGoodwillDuringPeriodTransfers
700000
CY2021 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0
CY2020 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
850000
CY2021 us-gaap Indefinite Lived Intangible Assets Foreign Currency Translation Gain Loss
IndefiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-158000
CY2020 us-gaap Indefinite Lived Intangible Assets Foreign Currency Translation Gain Loss
IndefiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
196000
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
9629000
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
12937000
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0
CY2020 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
900000
CY2019 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
95235000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
69394000
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
91408000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
61771000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6700000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7400000
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8500000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
5800000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
4900000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
4300000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3200000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1800000
CY2021Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
56242000
CY2020Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
55899000
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
6065000
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5079000
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3074000
CY2020Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4090000
CY2021Q4 cece Contract Liability Current
ContractLiabilityCurrent
4405000
CY2020Q4 cece Contract Liability Current
ContractLiabilityCurrent
3974000
CY2021Q4 cece Lease Liabilities Current
LeaseLiabilitiesCurrent
2414000
CY2020Q4 cece Lease Liabilities Current
LeaseLiabilitiesCurrent
2274000
CY2021Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
11881000
CY2020Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
13681000
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
84081000
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
84997000
CY2020Q4 cece Earnout Accrued
EarnoutAccrued
1743000
CY2019Q4 cece Earnout Accrued
EarnoutAccrued
0
CY2021 cece Fair Value Of Earnout Liabilities At Acquisition Date
FairValueOfEarnoutLiabilitiesAtAcquisitionDate
0
CY2020 cece Fair Value Of Earnout Liabilities At Acquisition Date
FairValueOfEarnoutLiabilitiesAtAcquisitionDate
553000
CY2021 cece Fair Value Adjustments To Earnout Liabilities
FairValueAdjustmentsToEarnoutLiabilities
704000
CY2020 cece Fair Value Adjustments To Earnout Liabilities
FairValueAdjustmentsToEarnoutLiabilities
1190000
CY2021 cece Earnout Payments
EarnoutPayments
-1410000
CY2020 cece Earnout Payments
EarnoutPayments
0
CY2021Q4 cece Earnout Accrued
EarnoutAccrued
1037000
CY2020Q4 cece Earnout Accrued
EarnoutAccrued
1743000
CY2021 cece Estimated Fair Value Of Earnout Liabilities
EstimatedFairValueOfEarnoutLiabilities
600000
CY2020 cece Estimated Fair Value Of Earnout Liabilities
EstimatedFairValueOfEarnoutLiabilities
600000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
63780000
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
72616000
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2203000
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
3125000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
61577000
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
69491000
CY2021 us-gaap Early Repayment Of Senior Debt
EarlyRepaymentOfSeniorDebt
2700000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2200000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
2500000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
3300000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
3600000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
53900000
CY2021Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0254
CY2020Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0225
CY2021Q3 cece Maximum Consolidated Leverage Ratio
MaximumConsolidatedLeverageRatio
0.0375
CY2021Q4 cece Maximum Consolidated Leverage Ratio
MaximumConsolidatedLeverageRatio
0.0350
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3300000
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1800000
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2700000
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
800000
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
300000
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
400000
CY2021 cece Employee Stock Purchase Plan Discount From Market Price
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355000
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CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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264000
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576000
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308000
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1700000
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600000
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28545000
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308000
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309000
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315000
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338000
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360000
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4096000
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3338000
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3453000
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315000
CY2020 us-gaap Finance Lease Interest Payment On Liability
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338000
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360000
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9310000
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11176000
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1805000
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6783000
CY2021 us-gaap Loss Contingency Managements Assessment And Process
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We are not aware of pending claims or assessments, other than as described above, which may have a material adverse impact on our liquidity, financial position, results of operations, or cash flows.
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223
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200
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101
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53
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