2023 Q1 Form 10-K Financial Statement

#000095017023006169 Filed on March 06, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $112.6M $116.4M $422.6M
YoY Change 21.77% 24.37% 30.38%
Cost Of Revenue $77.67M $78.70M $294.4M
YoY Change 17.67% 20.42% 31.89%
Gross Profit $34.89M $37.70M $128.2M
YoY Change 32.03% 33.52% 27.05%
Gross Profit Margin 31.0% 32.39% 30.34%
Selling, General & Admin $27.19M $26.70M $93.47M
YoY Change 45.79% 27.73% 14.27%
% of Gross Profit 77.93% 70.82% 72.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.885M $3.000M $10.61M
YoY Change 26.09% 20.97% 7.72%
% of Gross Profit 8.27% 7.96% 8.28%
Operating Expenses $27.19M $28.60M $93.47M
YoY Change 45.79% 25.2% 14.27%
Operating Profit $5.461M $9.100M $22.16M
YoY Change 4.98% 68.77% 124.82%
Interest Expense $2.408M -$1.900M $5.419M
YoY Change 192.94% 137.5% 83.57%
% of Operating Profit 44.09% -20.88% 24.45%
Other Income/Expense, Net -$574.0K $4.200M $6.947M
YoY Change 25.33% -490.33% 211.39%
Pretax Income $2.479M $10.70M $23.69M
YoY Change -36.79% 216.76% 406.82%
Income Tax $0.00 $2.100M $5.426M
% Of Pretax Income 0.0% 19.63% 22.91%
Net Earnings $1.978M $8.300M $17.42M
YoY Change -29.15% 590.52% 1121.39%
Net Earnings / Revenue 1.76% 7.13% 4.12%
Basic Earnings Per Share $0.06 $0.50
Diluted Earnings Per Share $0.06 $0.24 $0.50
COMMON SHARES
Basic Shares Outstanding 34.42M 34.27M 34.67M
Diluted Shares Outstanding 35.20M 35.01M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $41.20M $45.50M $45.50M
YoY Change 45.16% 52.16% 52.16%
Cash & Equivalents $41.20M $45.50M $45.50M
Short-Term Investments
Other Short-Term Assets $13.00M $13.30M $13.30M
YoY Change -14.7% 3.48% 3.48%
Inventory $30.30M $26.53M $97.50M
Prepaid Expenses
Receivables $109.9M $83.09M $83.10M
Other Receivables $1.200M $1.300M $1.300M
Total Short-Term Assets $275.5M $240.7M $240.7M
YoY Change 30.03% 27.32% 27.35%
LONG-TERM ASSETS
Property, Plant & Equipment $23.88M $20.83M $32.20M
YoY Change 47.23% 30.6% 19.97%
Goodwill $207.8M $183.2M
YoY Change 14.42% 13.66%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.800M $3.900M $3.900M
YoY Change 17.9% 5.63% 5.63%
Total Long-Term Assets $292.1M $264.1M $264.0M
YoY Change 18.48% 16.23% 16.2%
TOTAL ASSETS
Total Short-Term Assets $275.5M $240.7M $240.7M
Total Long-Term Assets $292.1M $264.1M $264.0M
Total Assets $567.6M $504.7M $504.7M
YoY Change 23.82% 21.27% 21.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $78.00M $73.41M $73.40M
YoY Change 23.38% 30.52% 30.51%
Accrued Expenses $29.40M $33.79M $28.60M
YoY Change 26.6% 47.99% 25.25%
Deferred Revenue $51.92M $32.72M
YoY Change 43.01% 13.17%
Short-Term Debt $1.000M $0.00 $0.00
YoY Change
Long-Term Debt Due $3.854M $3.579M $4.200M
YoY Change 16.68% 62.46% 49.84%
Total Short-Term Liabilities $171.6M $146.7M $146.7M
YoY Change 29.39% 25.72% 25.72%
LONG-TERM LIABILITIES
Long-Term Debt $141.4M $107.6M $113.2M
YoY Change 73.73% 74.78% 67.06%
Other Long-Term Liabilities $15.19M $15.13M $18.00M
YoY Change 9.39% 2.04% 3.42%
Total Long-Term Liabilities $156.6M $122.8M $131.2M
YoY Change 64.35% 60.67% 54.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $171.6M $146.7M $146.7M
Total Long-Term Liabilities $156.6M $122.8M $131.2M
Total Liabilities $345.4M $286.6M $291.5M
YoY Change 40.88% 36.31% 37.73%
SHAREHOLDERS EQUITY
Retained Earnings -$17.32M -$19.30M
YoY Change -48.94% -47.44%
Common Stock $251.3M $250.5M
YoY Change -1.14% -1.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $216.8M $213.2M $213.2M
YoY Change
Total Liabilities & Shareholders Equity $567.6M $504.7M $504.7M
YoY Change 23.82% 21.27% 21.26%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $1.978M $8.300M $17.42M
YoY Change -29.15% 590.52% 1121.39%
Depreciation, Depletion And Amortization $2.885M $3.000M $10.61M
YoY Change 26.09% 20.97% 7.72%
Cash From Operating Activities -$12.02M $9.950M $29.65M
YoY Change 5850.99% 224.53% 122.96%
INVESTING ACTIVITIES
Capital Expenditures $2.513M $1.010M $3.376M
YoY Change 277.89% -215.3% 29.05%
Acquisitions
YoY Change
Other Investing Activities -$24.14M $10.00K -$44.88M
YoY Change 23.31% -8520.26%
Cash From Investing Activities -$26.66M -$1.000M -$48.26M
YoY Change 31.69% 14.16% 2216.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $7.020M
YoY Change 40.01%
Debt Paid & Issued, Net $826.0K $3.120M
YoY Change 28.46% 13.95%
Cash From Financing Activities 34.36M -60.00K 38.18M
YoY Change 73.01% -98.39% -345.41%
NET CHANGE
Cash From Operating Activities -12.02M 9.950M 29.65M
Cash From Investing Activities -26.66M -1.000M -48.26M
Cash From Financing Activities 34.36M -60.00K 38.18M
Net Change In Cash -4.381M 8.890M 14.59M
YoY Change 158.47% -680.67% -350.86%
FREE CASH FLOW
Cash From Operating Activities -$12.02M $9.950M $29.65M
Capital Expenditures $2.513M $1.010M $3.376M
Free Cash Flow -$14.53M $8.940M $26.27M
YoY Change 1576.36% 126.79% 145.96%

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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
36958000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
46585000
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
CY2022 us-gaap Interest Paid Net
InterestPaidNet
5007000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
2146000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
3172000
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5378000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-2570000
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2156000
CY2022 us-gaap Nature Of Operations
NatureOfOperations
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;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:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">— CECO Environmental Corp. and its consolidated subsidiaries (“CECO,” the “Company,” “we,” “us,” or “our”) is a leading environmentally focused, diversified industrial company, serving the broad landscape of industrial air, industrial water and energy transition markets globally providing innovative technology and application expertise. CECO helps companies grow their business with safe, clean, and more efficient solutions that help protect people, the environment and industrial equipment. CECO solutions improve air and water quality, optimize emissions management, and increase the energy and process efficiency for highly engineered applications in power generation, midstream and downstream hydrocarbon processing and transport, chemical processing, electric vehicle production, polysilicon fabrication, semiconductor and electronics production, battery production and recycling, specialty metals, aluminum and steel production, beverage can manufacturing, and industrial and produced water and wastewater treatment, and a wide range of other industrial end markets</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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">.</span></p>
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;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:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">—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>
CY2022 ceco Cash And Cash Equivalents Highly Liquid Investments Maximum Maturity Period
CashAndCashEquivalentsHighlyLiquidInvestmentsMaximumMaturityPeriod
P3M
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
45522000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
29902000
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
1063000
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
2093000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
46585000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
31995000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35290000
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
333
CY2022 ceco Accounts Receivables Payment Period From Invoice Date
AccountsReceivablesPaymentPeriodFromInvoiceDate
P30D
CY2021 us-gaap Net Income Loss
NetIncomeLoss
1426000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
8211000
CY2021 us-gaap Loss On Contracts
LossOnContracts
0
CY2022 us-gaap Loss On Contracts
LossOnContracts
0
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34672000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35346000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
17417000
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
249
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ReceivablesLongTermContractsOrPrograms
71363000
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
231
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35005000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35595000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35521000
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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1100000
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
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ForeignCurrencyTransactionGainLossRealized
6300000
CY2021 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-3100000
CY2020 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
1300000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
45500000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
29900000
CY2022 ceco Cash Held Outside Domestic Territory
CashHeldOutsideDomesticTerritory
31700000
CY2021 ceco Cash Held Outside Domestic Territory
CashHeldOutsideDomesticTerritory
24800000
CY2021Q4 us-gaap Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
65932000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
4220000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3478000
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
83086000
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
74991000
CY2022Q4 ceco Contract Receivable Retainage1
ContractReceivableRetainage1
1600000
CY2021Q4 ceco Contract Receivable Retainage1
ContractReceivableRetainage1
1800000
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1300000
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
700000
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
900000
CY2022 ceco Allowance For Doubtful Accounts Receivable Charge Offs Recoveries
AllowanceForDoubtfulAccountsReceivableChargeOffsRecoveries
600000
CY2021 ceco Allowance For Doubtful Accounts Receivable Charge Offs Recoveries
AllowanceForDoubtfulAccountsReceivableChargeOffsRecoveries
300000
CY2020 ceco Allowance For Doubtful Accounts Receivable Charge Offs Recoveries
AllowanceForDoubtfulAccountsReceivableChargeOffsRecoveries
400000
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
19774000
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
13405000
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
7183000
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
5147000
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2436000
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
674000
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2867000
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2174000
CY2022Q4 us-gaap Inventory Net
InventoryNet
26526000
CY2021Q4 us-gaap Inventory Net
InventoryNet
17052000
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
100000
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
100000
CY2020 us-gaap Inventory Write Down
InventoryWriteDown
500000
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900000
CY2020 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
100000
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45507000
CY2021Q4 us-gaap Property Plant And Equipment Gross
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36830000
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
24679000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
20882000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
20828000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15948000
CY2022 us-gaap Depreciation
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3600000
CY2021 us-gaap Depreciation
Depreciation
3200000
CY2020 us-gaap Depreciation
Depreciation
2500000
CY2020Q4 us-gaap Goodwill
Goodwill
161820000
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
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-637000
CY2021Q4 us-gaap Goodwill
Goodwill
161183000
CY2022 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
23312000
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
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-1298000
CY2022Q4 us-gaap Goodwill
Goodwill
183197000
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GoodwillGross
243900000
CY2021Q4 us-gaap Goodwill Gross
GoodwillGross
221900000
CY2017Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
60700000
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
9629000
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
12937000
CY2022 ceco Indefinite Lived Intangible Assets Excluding Goodwill During Period Transfers
IndefiniteLivedIntangibleAssetsExcludingGoodwillDuringPeriodTransfers
0
CY2021 ceco Indefinite Lived Intangible Assets Excluding Goodwill During Period Transfers
IndefiniteLivedIntangibleAssetsExcludingGoodwillDuringPeriodTransfers
3150000
CY2022 us-gaap Indefinite Lived Intangible Assets Foreign Currency Translation Gain Loss
IndefiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
121000
CY2021 us-gaap Indefinite Lived Intangible Assets Foreign Currency Translation Gain Loss
IndefiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-158000
CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
9508000
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
9629000
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2020 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
900000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
109916000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
74665000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
95235000
CY2020Q4 ceco Earnout Accrued
EarnoutAccrued
1743000
CY2022 ceco Fair Value Of Earnout Liabilities At Acquisition Date
FairValueOfEarnoutLiabilitiesAtAcquisitionDate
1429000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
69394000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7000000.0
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6700000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7400000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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6600000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
5900000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
4900000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
3500000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
3400000
CY2022Q4 us-gaap Accounts Payable Trade Current
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CY2021Q4 us-gaap Accounts Payable Trade Current
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56242000
CY2022Q4 us-gaap Employee Related Liabilities Current
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9577000
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
6065000
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ProductWarrantyAccrualClassifiedCurrent
3691000
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3074000
CY2022Q4 ceco Contract Liability Current
ContractLiabilityCurrent
4516000
CY2021Q4 ceco Contract Liability Current
ContractLiabilityCurrent
4405000
CY2022Q4 ceco Lease Liabilities Current
LeaseLiabilitiesCurrent
3228000
CY2021Q4 ceco Lease Liabilities Current
LeaseLiabilitiesCurrent
2414000
CY2022Q4 us-gaap Other Accounts Payable And Accrued Liabilities
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12779000
CY2021Q4 us-gaap Other Accounts Payable And Accrued Liabilities
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11881000
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107198000
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current
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84081000
CY2021 ceco Fair Value Of Earnout Liabilities At Acquisition Date
FairValueOfEarnoutLiabilitiesAtAcquisitionDate
0
CY2022 ceco Fair Value Adjustments To Earnout Liabilities
FairValueAdjustmentsToEarnoutLiabilities
-229000
CY2021Q4 ceco Earnout Accrued
EarnoutAccrued
1037000
CY2021 ceco Fair Value Adjustments To Earnout Liabilities
FairValueAdjustmentsToEarnoutLiabilities
704000
CY2022 ceco Earnout Payments
EarnoutPayments
-1037000
CY2021 ceco Earnout Payments
EarnoutPayments
-1410000
CY2022Q4 ceco Earnout Accrued
EarnoutAccrued
1200000
CY2021Q4 ceco Earnout Accrued
EarnoutAccrued
1037000
CY2022Q4 us-gaap Long Term Debt
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111204000
CY2021Q4 us-gaap Long Term Debt
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63780000
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3579000
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2203000
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CY2021Q4 us-gaap Long Term Debt Noncurrent
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61577000
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3600000
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4900000
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5200000
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3900000
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0.0675
CY2021Q4 us-gaap Debt Weighted Average Interest Rate
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0.0254
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0.0375
CY2022Q4 ceco Maximum Consolidated Leverage Ratio
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3900000
CY2021 us-gaap Allocated Share Based Compensation Expense
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3300000
CY2020 us-gaap Allocated Share Based Compensation Expense
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1800000
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500000
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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800000
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
300000
CY2022 ceco Employee Stock Purchase Plan Discount From Market Price
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0.15
CY2022 ceco Share Based Compensation Arrangement By Share Based Payment Award Employees Offering Dates Intervals
ShareBasedCompensationArrangementByShareBasedPaymentAwardEmployeesOfferingDatesIntervals
P6M
CY2022Q4 ceco Employee Stock Purchase Plan Number Of Shares Authorized
EmployeeStockPurchasePlanNumberOfSharesAuthorized
1300000
CY2022 ceco Employee Stock Purchase Plan Offer Period
EmployeeStockPurchasePlanOfferPeriod
P10Y
CY2022Q4 ceco Employee Stock Purchase Plan Number Of Shares Available For Grant
EmployeeStockPurchasePlanNumberOfSharesAvailableForGrant
1200000
CY2022 ceco Employee Stock Purchase Plan Expense
EmployeeStockPurchasePlanExpense
60000
CY2021 ceco Employee Stock Purchase Plan Expense
EmployeeStockPurchasePlanExpense
60000
CY2020 ceco Employee Stock Purchase Plan Expense
EmployeeStockPurchasePlanExpense
20000
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1.98
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0.525
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SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
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0.003
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1514000
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11.19
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P4Y10M24D
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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32000
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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10.55
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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8.15
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1440000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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11.30
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1766000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
833000
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11.47
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P3Y7M6D
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
923000
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1554000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
11.17
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y9M18D
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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