2017 Q4 Form 10-K Financial Statement

#000156459018005085 Filed on March 09, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017 Q2
Revenue $73.54M $84.99M $93.87M
YoY Change -26.44% -16.35% -16.38%
Cost Of Revenue $47.90M $57.90M $65.38M
YoY Change -25.51% -14.73% -16.53%
Gross Profit $25.65M $27.13M $28.49M
YoY Change -28.1% -19.43% -16.04%
Gross Profit Margin 34.87% 31.93% 30.35%
Selling, General & Admin $22.30M $22.00M $21.48M
YoY Change 5.69% 12.82% 6.68%
% of Gross Profit 86.95% 81.08% 75.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.980M $3.937M $4.030M
YoY Change 2.58% -16.04% -21.47%
% of Gross Profit 15.52% 14.51% 14.15%
Operating Expenses $25.20M $24.80M $21.48M
YoY Change 5.44% 7.83% 6.68%
Operating Profit $446.0K $2.333M $9.255M
YoY Change -96.21% -78.15% 8.11%
Interest Expense -$1.800M -$1.600M $1.645M
YoY Change -28.0% -15.79% -16.92%
% of Operating Profit -403.59% -68.58% 17.77%
Other Income/Expense, Net $0.00 -$100.0K $360.0K
YoY Change -100.0% -190.23%
Pretax Income -$10.00M $3.900M $7.970M
YoY Change -80.84% -54.65% 28.92%
Income Tax $0.00 $900.0K $2.484M
% Of Pretax Income 23.08% 31.17%
Net Earnings -$11.59M $3.036M $5.486M
YoY Change -77.35% -47.89% 35.89%
Net Earnings / Revenue -15.76% 3.57% 5.84%
Basic Earnings Per Share -$0.34 $0.09 $0.16
Diluted Earnings Per Share -$0.34 $0.09 $0.16
COMMON SHARES
Basic Shares Outstanding 34.47M
Diluted Shares Outstanding 34.81M

Balance Sheet

Concept 2017 Q4 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $29.90M $24.60M $27.20M
YoY Change -34.72% -41.15% -51.94%
Cash & Equivalents $29.90M $25.87M $28.92M
Short-Term Investments
Other Short-Term Assets $19.20M $21.90M $22.10M
YoY Change -16.16% -9.88% -4.74%
Inventory $20.97M $61.70M $62.70M
Prepaid Expenses
Receivables $67.99M $70.50M $66.10M
Other Receivables $1.900M $1.300M $1.100M
Total Short-Term Assets $173.9M $179.9M $179.1M
YoY Change -18.33% -15.7% -23.36%
LONG-TERM ASSETS
Property, Plant & Equipment $23.40M $24.70M $25.53M
YoY Change -14.19% -14.24% -37.42%
Goodwill $167.0M $170.8M
YoY Change -1.88%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.600M $4.600M $5.100M
YoY Change -16.36% -6.12% 82.14%
Total Long-Term Assets $264.6M $275.6M $279.2M
YoY Change -7.37% -20.94% -22.0%
TOTAL ASSETS
Total Short-Term Assets $173.9M $179.9M $179.1M
Total Long-Term Assets $264.6M $275.6M $279.2M
Total Assets $438.5M $455.5M $458.4M
YoY Change -12.05% -18.95% -22.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $45.40M $54.10M $54.40M
YoY Change -23.05% -6.24% -15.79%
Accrued Expenses $25.40M $23.60M $27.20M
YoY Change -30.6% -27.16% -31.49%
Deferred Revenue $20.14M
YoY Change
Short-Term Debt $5.300M $5.300M $5.300M
YoY Change 0.0% 0.0%
Long-Term Debt Due $11.30M $9.600M $7.742M
YoY Change 27.97% -5.88% -53.36%
Total Short-Term Liabilities $107.9M $114.6M $118.5M
YoY Change -26.31% -20.8% -26.11%
LONG-TERM LIABILITIES
Long-Term Debt $103.5M $107.3M $107.0M
YoY Change -9.47% -12.91% -21.28%
Other Long-Term Liabilities $30.38M $23.90M $25.33M
YoY Change -12.86% -30.12% -21.56%
Total Long-Term Liabilities $133.9M $131.2M $132.4M
YoY Change -10.26% -16.65% -21.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $107.9M $114.6M $118.5M
Total Long-Term Liabilities $133.9M $131.2M $132.4M
Total Liabilities $252.0M $258.5M $263.7M
YoY Change -18.33% -18.58% -23.49%
SHAREHOLDERS EQUITY
Retained Earnings -$52.67M -$41.50M
YoY Change 26.19% -610.09%
Common Stock $248.5M $247.3M
YoY Change 1.34% 0.93%
Preferred Stock
YoY Change
Treasury Stock (at cost) $356.0K
YoY Change 0.0%
Treasury Stock Shares $137.9K $137.9K
Shareholders Equity $186.6M $197.1M $194.6M
YoY Change
Total Liabilities & Shareholders Equity $438.5M $455.5M $458.4M
YoY Change -12.05% -18.95% -22.54%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income -$11.59M $3.036M $5.486M
YoY Change -77.35% -47.89% 35.89%
Depreciation, Depletion And Amortization $3.980M $3.937M $4.030M
YoY Change 2.58% -16.04% -21.47%
Cash From Operating Activities $7.660M -$2.770M -$2.970M
YoY Change -54.19% -131.44% -108.56%
INVESTING ACTIVITIES
Capital Expenditures -$220.0K -$170.0K -$230.0K
YoY Change -18.52% -34.62% -32.35%
Acquisitions
YoY Change
Other Investing Activities $0.00 $330.0K $30.00K
YoY Change -100.0% 3200.0% 200.0%
Cash From Investing Activities -$220.0K $160.0K -$200.0K
YoY Change -344.44% -164.0% -39.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.530M -400.0K -14.60M
YoY Change -69.3% -98.31% 43.42%
NET CHANGE
Cash From Operating Activities 7.660M -2.770M -2.970M
Cash From Investing Activities -220.0K 160.0K -200.0K
Cash From Financing Activities -3.530M -400.0K -14.60M
Net Change In Cash 3.910M -3.010M -17.77M
YoY Change -26.37% -80.08% -173.52%
FREE CASH FLOW
Cash From Operating Activities $7.660M -$2.770M -$2.970M
Capital Expenditures -$220.0K -$170.0K -$230.0K
Free Cash Flow $7.880M -$2.600M -$2.740M
YoY Change -53.62% -128.67% -107.82%

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<div> <p style="margin-top:6pt;margin-bottom:0pt;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Nature of business<font style="font-style:normal;">&#8212;</font><font style="font-style:normal;"> CECO Environmental Corp. and its consolidated subsidiaries (&#8220;CECO,&#8221; the &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;us,&#8221; or &#8220;our&#8221;) is a diversified global provider of leading highly engineered technologies to the environmental, energy, and fluid handling and filtration industrial segments, targeting specific niche-focused end markets through an attractive asset-light business model, strategically balanced across the world. CECO has over $5 billion of installed equipment base with end users, which we target to expand and grow a higher recurring revenue of aftermarket products and services. CECO&#8217;s well-respected brands, technologies and solutions have been evolving for well over 50 years to become leading-edge technologies in specific niche global end markets. </font></p></div>
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825000
CY2017 cece Business Combination Contingent Consideration Current Portion Of Earn Out Payment
BusinessCombinationContingentConsiderationCurrentPortionOfEarnOutPayment
15193000
CY2017Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
4475000
CY2017Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
1486000
CY2015Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
32670000
CY2016 cece Business Combination Contingent Consideration Current Portion Of Compensation Expense Adjustment
BusinessCombinationContingentConsiderationCurrentPortionOfCompensationExpenseAdjustment
1213000
CY2016 cece Business Combination Contingent Consideration Long Term Portion Of Foreign Currency Translation Adjustment
BusinessCombinationContingentConsiderationLongTermPortionOfForeignCurrencyTranslationAdjustment
-1346000
CY2016 cece Business Combination Contingent Consideration Current Portion Of Exchange Of Earn Out For Accounts Receivable
BusinessCombinationContingentConsiderationCurrentPortionOfExchangeOfEarnOutForAccountsReceivable
3272000
CY2016 cece Business Combination Contingent Consideration Current Portion Of Earn Out Payment
BusinessCombinationContingentConsiderationCurrentPortionOfEarnOutPayment
9270000
CY2016Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
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10686000
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
114833000
CY2016Q4 us-gaap Long Term Debt
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123193000
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LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
10000000
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
96400000
CY2017 cece Credit Facility Date Of Amendment
CreditFacilityDateOfAmendment
2017-06-09
CY2017Q4 cece Credit Facility Date Of Amendment
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2017-10-31
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3.25
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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0
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53000
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ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures
53000
CY2017 us-gaap Allocated Share Based Compensation Expense
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1700000
CY2016 us-gaap Allocated Share Based Compensation Expense
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2200000
CY2015 us-gaap Allocated Share Based Compensation Expense
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1900000
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
200000
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0
CY2017Q4 cece Employee Stock Purchase Plan Number Of Shares Authorized
EmployeeStockPurchasePlanNumberOfSharesAuthorized
1500000
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EmployeeStockPurchasePlanOfferPeriod
P10Y
CY2017Q4 cece Employee Stock Purchase Plan Number Of Shares Available For Grant
EmployeeStockPurchasePlanNumberOfSharesAvailableForGrant
1400000
CY2017 cece Employee Stock Purchase Plan Discount From Market Price
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0.15
CY2017 cece Share Based Compensation Arrangement By Share Based Payment Award Employees Offering Dates Intervals
ShareBasedCompensationArrangementByShareBasedPaymentAwardEmployeesOfferingDatesIntervals
P6M
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EmployeeStockPurchasePlanExpense
83000
CY2015 cece Employee Stock Purchase Plan Expense
EmployeeStockPurchasePlanExpense
54000
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.68
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.07
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.35
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0.39
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y9M18D
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.39
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.44
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P6Y3M18D
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P6Y6M
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M18D
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.022
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.021
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.019
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.033
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.036
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.024
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1519000
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128000
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700000
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
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292000
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
655000
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
463000
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.25
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9.24
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12.44
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3.92
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10.53
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10.49
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P6Y1M6D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P6Y
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y2M12D
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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78000
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78000
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1877000
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105000
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
268000
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
195000
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
959000
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.30
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
7.36
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
11.91
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6.90
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
9.23
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y3M18D
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
5816000
CY2016Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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4608000
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1727000
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
286000
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
106000
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
30000
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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977000
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.12
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11.55
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
12.31
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
4.47
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
8.48
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y3M18D
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y4M24D
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1769000
CY2015Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
1765000
CY2017 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
1100000
CY2016 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
1300000
CY2015 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
100000
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
2600000
CY2017 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0725
CY2016Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1.00
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1000000
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
200000
CY2017Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
250000
CY2017Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
9.07
CY2017 invest Investment Warrants Expiration Date
InvestmentWarrantsExpirationDate
2016-12-26
CY2016Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
0
CY2017Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
0
CY2017 cece Defined Benefit Plan Accumulated Other Comprehensive Income Increase Decrease In Minimum Pension Liability After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeIncreaseDecreaseInMinimumPensionLiabilityAfterTax
100000
CY2016 cece Defined Benefit Plan Accumulated Other Comprehensive Income Increase Decrease In Minimum Pension Liability After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeIncreaseDecreaseInMinimumPensionLiabilityAfterTax
-100000
CY2015 cece Defined Benefit Plan Accumulated Other Comprehensive Income Increase Decrease In Minimum Pension Liability After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeIncreaseDecreaseInMinimumPensionLiabilityAfterTax
300000
CY2017 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
415000
CY2016 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
447000
CY2015 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
233000
CY2017 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1314000
CY2016 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1426000
CY2015 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1412000
CY2017 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1723000
CY2016 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1829000
CY2015 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
2009000
CY2017 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-227000
CY2016 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-212000
CY2015 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-258000
CY2017 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
233000
CY2016 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
256000
CY2015 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-106000
CY2017Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0385
CY2016Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0400
CY2015Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0375
CY2016 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0750
CY2015 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0750
CY2017Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.00
CY2016Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.00
CY2015Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.00
CY2017 cece Defined Benefit Plan Change In Discount Rate Projected Benefit Obligation
DefinedBenefitPlanChangeInDiscountRateProjectedBenefitObligation
1100000
CY2017 us-gaap Pension Expense
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9000
CY2017 cece Defined Benefit Plan Expected Return On Plan Assets Impact On Pension Expense
DefinedBenefitPlanExpectedReturnOnPlanAssetsImpactOnPensionExpense
66000
CY2017Q4 us-gaap Defined Benefit Plan Plan Assets Target Allocation Percentage
DefinedBenefitPlanPlanAssetsTargetAllocationPercentage
1.00
CY2017Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1.00
CY2017Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
26836000
CY2016Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
24063000
CY2017 us-gaap Multiemployer Plans Period Contributions Significance Of Contributions
MultiemployerPlansPeriodContributionsSignificanceOfContributions
false
CY2017Q4 us-gaap Multiemployer Plans Accumulated Benefit Obligation
MultiemployerPlansAccumulatedBenefitObligation
0
CY2017 us-gaap Multiemployer Plans Plan Contributions1
MultiemployerPlansPlanContributions1
2000000
CY2016 us-gaap Multiemployer Plans Plan Contributions1
MultiemployerPlansPlanContributions1
2100000
CY2015 us-gaap Multiemployer Plans Plan Contributions1
MultiemployerPlansPlanContributions1
1300000
CY2017 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1600000
CY2016 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1500000
CY2015 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1200000
CY2016Q2 cece Sublease Agreement Period
SubleaseAgreementPeriod
P5Y
CY2017Q4 cece Weighted Average Effective Interest Rate Of Initial Sale Leaseback Financing Liability
WeightedAverageEffectiveInterestRateOfInitialSaleLeasebackFinancingLiability
0.0222
CY2017 us-gaap Sale Leaseback Transaction Lease Terms
SaleLeasebackTransactionLeaseTerms
In June 2017, the Company amended the lease agreement. The amendment extended the lease through June of 2031 and changed the effective weighted average interest rate from the 2.22% to the 4.53%.
CY2017 cece Sale Leaseback Transaction Amended Lease Agreement Term
SaleLeasebackTransactionAmendedLeaseAgreementTerm
2017-06
CY2017 cece Sale Leaseback Transaction Lease Amendment Extended Term
SaleLeasebackTransactionLeaseAmendmentExtendedTerm
2031-06
CY2016Q2 cece Weighted Average Effective Interest Rate Of Sale Leaseback Financing Liability
WeightedAverageEffectiveInterestRateOfSaleLeasebackFinancingLiability
0.0222
CY2017Q2 cece Weighted Average Effective Interest Rate Of Sale Leaseback Financing Liability
WeightedAverageEffectiveInterestRateOfSaleLeasebackFinancingLiability
0.0453
CY2017Q4 us-gaap Minimum Lease Payments Sale Leaseback Transactions Within One Year
MinimumLeasePaymentsSaleLeasebackTransactionsWithinOneYear
406000
CY2017Q4 us-gaap Minimum Lease Payments Sale Leaseback Transactions Within Two Years
MinimumLeasePaymentsSaleLeasebackTransactionsWithinTwoYears
414000
CY2017Q4 us-gaap Minimum Lease Payments Sale Leaseback Transactions Within Three Years
MinimumLeasePaymentsSaleLeasebackTransactionsWithinThreeYears
422000
CY2017Q4 us-gaap Minimum Lease Payments Sale Leaseback Transactions Within Four Years
MinimumLeasePaymentsSaleLeasebackTransactionsWithinFourYears
431000
CY2017Q4 us-gaap Minimum Lease Payments Sale Leaseback Transactions Within Five Years
MinimumLeasePaymentsSaleLeasebackTransactionsWithinFiveYears
439000
CY2017Q4 us-gaap Minimum Lease Payments Sale Leaseback Transactions Thereafter
MinimumLeasePaymentsSaleLeasebackTransactionsThereafter
4106000
CY2017Q4 us-gaap Minimum Lease Payments Sale Leaseback Transactions
MinimumLeasePaymentsSaleLeasebackTransactions
6218000
CY2017Q4 us-gaap Interest Portion Of Minimum Lease Payments Sale Leaseback Transactions
InterestPortionOfMinimumLeasePaymentsSaleLeasebackTransactions
1635000
CY2017Q4 us-gaap Present Value Of Future Minimum Lease Payments Sale Leaseback Transactions
PresentValueOfFutureMinimumLeasePaymentsSaleLeasebackTransactions
4583000
CY2017Q4 cece Sale Leaseback Transaction Amount Due Under Financing Arrangement Current
SaleLeasebackTransactionAmountDueUnderFinancingArrangementCurrent
202000
CY2017Q4 cece Sale Leaseback Transaction Obligations Under Financing Arrangement Noncurrent
SaleLeasebackTransactionObligationsUnderFinancingArrangementNoncurrent
4381000
CY2016Q2 us-gaap Sale Leaseback Transaction Deferred Gain Gross
SaleLeasebackTransactionDeferredGainGross
2400000
CY2016Q2 us-gaap Capital Lease Obligations
CapitalLeaseObligations
5700000
CY2016Q2 cece Capital Lease Weighted Average Interest Rate
CapitalLeaseWeightedAverageInterestRate
0.0343
CY2016Q3 us-gaap Sale Leaseback Transaction Deferred Gain Gross
SaleLeasebackTransactionDeferredGainGross
2000000
CY2016Q3 us-gaap Capital Lease Obligations
CapitalLeaseObligations
3000000
CY2016Q3 cece Capital Lease Weighted Average Interest Rate
CapitalLeaseWeightedAverageInterestRate
0.0325
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
759000
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
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