Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Jul. 31, 2021 | Sep. 07, 2021 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0001703956 | |
Entity Registrant Name | CONCRETE PUMPING HOLDINGS, INC. | |
Amendment Flag | false | |
Current Fiscal Year End Date | --10-31 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2021 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Jul. 31, 2021 | |
Document Transition Report | false | |
Entity File Number | 001-38166 | |
Entity Incorporation, State or Country Code | DE | |
Entity Tax Identification Number | 83-1779605 | |
Entity Address, Address Line One | 500 E. 84th Avenue, Suite A-5 | |
Entity Address, City or Town | Thornton | |
Entity Address, State or Province | CO | |
Entity Address, Postal Zip Code | 80229 | |
City Area Code | 303 | |
Local Phone Number | 289-7497 | |
Title of 12(b) Security | Common Stock | |
Trading Symbol | BBCP | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | true | |
Entity Ex Transition Period | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 56,593,944 |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Jul. 31, 2021 | Oct. 31, 2020 |
Current assets: | ||
Cash and cash equivalents | $ 20,204 | $ 6,736 |
Trade receivables, net | 44,520 | 44,343 |
Inventory | 4,603 | 4,630 |
Income taxes receivable | 391 | 1,602 |
Prepaid expenses and other current assets | 5,177 | 2,694 |
Total current assets | 74,895 | 60,005 |
Property, plant and equipment, net | 314,590 | 304,254 |
Intangible assets, net | 164,647 | 183,839 |
Goodwill | 225,165 | 223,154 |
Other non-current assets | 691 | 1,753 |
Deferred financing costs | 1,978 | 753 |
Total assets | 781,966 | 773,758 |
Revolving loan | 0 | 1,741 |
Term loans, current portion | 0 | 20,888 |
Current portion of capital lease obligations | 101 | 97 |
Accounts payable | 6,683 | 6,587 |
Accrued payroll and payroll expenses | 12,366 | 13,065 |
Accrued expenses and other current liabilities | 23,570 | 18,879 |
Income taxes payable | 646 | 1,055 |
Total current liabilities | 43,366 | 62,312 |
Long term debt, net of discount for deferred financing costs | 368,736 | 343,906 |
Capital lease obligations, less current portion | 304 | 380 |
Deferred income taxes | 67,173 | 68,019 |
Warrant liability | 18,225 | 7,031 |
Total liabilities | 497,804 | 481,648 |
Zero-dividend convertible perpetual preferred stock, $0.0001 par value, 2,450,980 shares issued and outstanding as of July 31, 2021 and October 31, 2020 | 25,000 | 25,000 |
Stockholders' equity | ||
Common stock, $0.0001 par value, 500,000,000 shares authorized, 56,567,186 and 56,463,992 issued and outstanding as of July 31, 2021 and October 31, 2020, respectively | 6 | 6 |
Additional paid-in capital | 372,961 | 367,681 |
Treasury stock | (461) | (131) |
Accumulated other comprehensive income (loss) | 5,001 | (606) |
Accumulated deficit | (118,345) | (99,840) |
Total stockholders' equity | 259,162 | 267,110 |
Total liabilities and stockholders' equity | $ 781,966 | $ 773,758 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) | Dec. 06, 2018$ / sharesshares |
Common stock, par value (in dollars per share) | $ / shares | $ 0.0001 |
Common stock, authorized (in shares) | 500,000,000 |
Common stock, issued (in shares) | 28,847,707 |
Consolidated Statements of Oper
Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Jul. 31, 2021 | Jul. 31, 2020 | Jul. 31, 2021 | Jul. 31, 2020 | |
Revenue | $ 80,761 | $ 77,131 | $ 228,054 | $ 225,111 |
Cost of operations | 43,548 | 39,330 | 127,676 | 123,295 |
Gross profit | 37,213 | 37,801 | 100,378 | 101,816 |
General and administrative expenses | 24,951 | 26,954 | 73,812 | 79,941 |
Goodwill and intangibles impairment | 0 | 0 | 0 | 57,944 |
Transaction costs | 111 | 0 | 195 | 0 |
Income (loss) from operations | 12,151 | 10,847 | 26,371 | (36,069) |
Other income (expense): | ||||
Interest expense, net | (6,153) | (8,364) | (19,082) | (26,632) |
Loss on extinguishment of debt | 0 | 0 | (15,510) | 0 |
Change in fair value of warrant liabilities | 260 | (2,734) | (11,195) | 130 |
Other income, net | 32 | 36 | 85 | 139 |
Total other expense | (5,861) | (11,062) | (45,702) | (26,363) |
Income (loss) before income taxes | 6,290 | (215) | (19,331) | (62,432) |
Income tax expense (benefit) | 1,652 | (462) | (826) | (3,829) |
Net income (loss) | 4,638 | 247 | (18,505) | (58,603) |
Less accretion of liquidation preference on preferred stock | (525) | (489) | (1,530) | (1,432) |
Income (loss) available to common shareholders | $ 4,113 | $ (242) | $ (20,035) | $ (60,035) |
Weighted average common shares outstanding | ||||
Basic (in shares) | 53,522,089 | 52,782,663 | 53,377,032 | 52,752,884 |
Diluted (in shares) | 54,547,494 | 52,782,663 | 53,377,032 | 52,752,884 |
Net income (loss) per common share | ||||
Basic (in dollars per share) | $ 0.07 | $ 0 | $ (0.38) | $ (1.14) |
Diluted (in dollars per share) | $ 0.07 | $ 0 | $ (0.38) | $ (1.14) |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Jul. 31, 2021 | Jul. 31, 2020 | Jul. 31, 2021 | Jul. 31, 2020 | |
Net income (loss) | $ 4,638 | $ 247 | $ (18,505) | $ (58,603) |
Other comprehensive income: | ||||
Foreign currency translation adjustment | 438 | 3,821 | 5,607 | 1,607 |
Total comprehensive income (loss) | $ 5,076 | $ 4,068 | $ (12,898) | $ (56,996) |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Treasury Stock [Member] | AOCI Attributable to Parent [Member] | Retained Earnings [Member] | Total |
Balance at Oct. 31, 2019 | $ 6 | $ 356,227 | $ 0 | $ (599) | $ (38,589) | $ 317,045 |
Stock-based compensation expense | 0 | 1,467 | 0 | 0 | 0 | 1,467 |
Shares issued upon exercise of stock options, net of shares used for tax withholding | 0 | 0 | (131) | 0 | 0 | (131) |
Net income (loss) | 0 | 0 | 0 | 0 | (3,137) | (3,137) |
Foreign currency translation adjustment | 0 | 0 | 0 | 1,971 | 0 | 1,971 |
Balance at Jan. 31, 2020 | 6 | 357,694 | (131) | 1,372 | (41,726) | 317,216 |
Balance at Oct. 31, 2019 | 6 | 356,227 | 0 | (599) | (38,589) | 317,045 |
Net income (loss) | (58,603) | |||||
Balance at Jul. 31, 2020 | 6 | 360,434 | (131) | 1,008 | (97,192) | 264,125 |
Balance at Jan. 31, 2020 | 6 | 357,694 | (131) | 1,372 | (41,726) | 317,216 |
Stock-based compensation expense | 0 | 1,383 | 0 | 0 | 0 | 1,383 |
Net income (loss) | 0 | 0 | 0 | 0 | (55,714) | (55,714) |
Foreign currency translation adjustment | 0 | 0 | 0 | (4,185) | 0 | (4,185) |
Balance at Apr. 30, 2020 | 6 | 359,077 | (131) | (2,813) | (97,439) | 258,700 |
Stock-based compensation expense | 0 | 1,357 | 0 | 0 | 0 | 1,357 |
Net income (loss) | 0 | 0 | 0 | 0 | 247 | 247 |
Foreign currency translation adjustment | 0 | 0 | 0 | 3,821 | 0 | 3,821 |
Balance at Jul. 31, 2020 | 6 | 360,434 | (131) | 1,008 | (97,192) | 264,125 |
Balance at Oct. 31, 2020 | 6 | 367,681 | (131) | (606) | (99,840) | 267,110 |
Stock-based compensation expense | 0 | 672 | 0 | 0 | 0 | 672 |
Shares issued upon exercise of stock options, net of shares used for tax withholding | 0 | 0 | (330) | 0 | 0 | (330) |
Net income (loss) | 0 | 0 | 0 | 0 | (12,290) | (12,290) |
Foreign currency translation adjustment | 0 | 0 | 0 | 4,501 | 0 | 4,501 |
Balance at Jan. 31, 2021 | 6 | 368,353 | (461) | 3,895 | (112,130) | 259,663 |
Balance at Oct. 31, 2020 | 6 | 367,681 | (131) | (606) | (99,840) | 267,110 |
Net income (loss) | (18,505) | |||||
Balance at Jul. 31, 2021 | 6 | 372,961 | (461) | 5,001 | (118,345) | 259,162 |
Balance at Jan. 31, 2021 | 6 | 368,353 | (461) | 3,895 | (112,130) | 259,663 |
Stock-based compensation expense | 0 | 3,350 | 0 | 0 | 0 | 3,350 |
Net income (loss) | 0 | 0 | 0 | 0 | (10,853) | (10,853) |
Foreign currency translation adjustment | 0 | 0 | 0 | 668 | 0 | 668 |
Balance at Apr. 30, 2021 | 6 | 371,703 | (461) | 4,563 | (122,983) | 252,828 |
Stock-based compensation expense | 0 | 1,258 | 0 | 0 | 0 | 1,258 |
Net income (loss) | 0 | 0 | 0 | 0 | 4,638 | 4,638 |
Foreign currency translation adjustment | 0 | 0 | 0 | 438 | 0 | 438 |
Balance at Jul. 31, 2021 | $ 6 | $ 372,961 | $ (461) | $ 5,001 | $ (118,345) | $ 259,162 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 9 Months Ended | |
Jul. 31, 2021 | Jul. 31, 2020 | |
Net income (loss) | $ (18,505) | $ (58,603) |
Net loss | (18,505) | (58,603) |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||
Goodwill and intangibles impairment | 0 | 57,944 |
Depreciation | 21,169 | 19,537 |
Deferred income taxes | (1,417) | 92 |
Amortization of deferred financing costs | 1,877 | 3,094 |
Amortization of intangible assets | 20,517 | 25,290 |
Stock-based compensation expense | 5,280 | 4,207 |
Change in fair value of warrant liabilities | 11,195 | (130) |
Loss on extinguishment of debt | 15,510 | 0 |
Net gain on the sale of property, plant and equipment | (1,125) | (944) |
Payment of contingent consideration in excess of amounts established in purchase accounting | 0 | (526) |
Net changes in operating assets and liabilities: | ||
Trade receivables, net | 475 | 1,668 |
Inventory | 122 | (63) |
Prepaid expenses and other current assets | (1,331) | (3,520) |
Income taxes payable, net | 750 | (3,899) |
Accounts payable | (93) | (1,489) |
Accrued payroll, accrued expenses and other current liabilities | 5,920 | 10,826 |
Net cash provided by operating activities | 60,344 | 53,484 |
Cash flows from investing activities: | ||
Purchases of property, plant and equipment | (34,558) | (36,658) |
Proceeds from sale of property, plant and equipment | 5,070 | 6,392 |
Net cash used in investing activities | (29,488) | (30,266) |
Cash flows from financing activities: | ||
Proceeds on long term debt | 375,000 | 0 |
Payments on long term debt | (381,206) | (15,666) |
Proceeds on revolving loan | 201,125 | 206,420 |
Payments on revolving loan | (202,977) | (217,162) |
Payment of debt issuance costs | (8,464) | 0 |
Payments on capital lease obligations | (72) | (67) |
Purchase of treasury stock | (330) | (131) |
Payment of contingent consideration established in purchase accounting | 0 | (1,161) |
Net cash used in financing activities | (16,924) | (27,767) |
Effect of foreign currency exchange rate on cash | (464) | 1,207 |
Net increase (decrease) in cash and cash equivalents | 13,468 | (3,342) |
Cash and cash equivalents: | ||
Beginning of period | 6,736 | 7,473 |
End of period | 20,204 | 4,131 |
Supplemental cash flow information: | ||
Cash paid for interest | 5,912 | 24,017 |
Cash paid for income taxes | 841 | 343 |
Non-cash investing and financing activities: | ||
Equipment purchases included in accrued expenses and accounts payable | $ 1,928 | $ 2,397 |
Note 1 - Organization and Descr
Note 1 - Organization and Description of Business | 9 Months Ended |
Jul. 31, 2021 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | 1. Organization Concrete Pumping Holdings, Inc. (the “Company” or “Successor”) is a Delaware corporation headquartered in Thornton (near Denver), Colorado. The Consolidated Financial Statements include the accounts of Concrete Pumping Holdings, Inc. and its wholly owned subsidiaries including Brundage-Bone Concrete Pumping, Inc. (“Brundage-Bone”), Capital Pumping (“Capital”), Camfaud Group Limited (“Camfaud”), and Eco-Pan, Inc. (“Eco-Pan”). On December 6, 2018 ( Nature of business Brundage-Bone and Capital are concrete pumping service providers in the United States ("U.S.") and Camfaud is a concrete pumping service provider in the United Kingdom (“U.K.”). Their core business is the provision of concrete pumping services to general contractors and concrete finishing companies in the commercial, infrastructure and residential sectors. Most often equipment returns to a “home base” nightly and neither company contracts to purchase, mix, or deliver concrete. Brundage-Bone and Capital collectively have approximately 90 branch locations across 19 states, with its corporate headquarters in Thornton (near Denver), Colorado. Camfaud has approximately 30 branch locations throughout the U.K., with its corporate headquarters in Epping (near London), England. Eco-Pan provides industrial cleanup and containment services, primarily to customers in the construction industry in the U.S. and the U.K. Eco-Pan uses containment pans specifically designed to hold waste products from concrete and other industrial cleanup operations. Eco-Pan has 17 operating locations across the U.S. and shares an operating location in the U.K. with one Seasonality The Company’s sales are historically seasonal, with lower revenue volumes typically in the first second first second Impacts of COVID- 19 In March 2020, 19 19 may In addition, the COVID- 19 2020 second April 30, 2020 July 31, 2021 no may 19 Despite recent progress in administration of vaccines, both the outbreak, the recent impact from the Delta variant and the containment and mitigation measures have had and are likely to continue to have a serious adverse impact on the global economy, the severity and duration of which are uncertain. It is likely that government stabilization efforts will only partially mitigate the consequences to the economy. To date, the COVID- 19 second third 2020. fourth 2020, third 2021, 19 19 may may 19 |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 9 Months Ended |
Jul. 31, 2021 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | Note 2. Basis of presentation The accompanying Unaudited Consolidated Financial Statements have been prepared, without audit, in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and the rules and regulations of the SEC. Accordingly, they do not July 31, 2021 Principles of consolidation The Consolidated Financial Statements include all accounts of the Company and its subsidiaries. All intercompany balances and transactions have been eliminated. Restatement and Revision of Prior Period Financial Statements As described in additional detail in the Explanatory Note to our Annual Report on Form 10 October 31, 2020, June 11, 2021, April 12, 2021 ( may The Company previously classified its publicly traded warrants (the “public warrants”) and private placement warrants (the “private warrants”) (collectively the “Warrants”), which were issued in August 2017, 1 October 31, 2019 December 6, 2018 October 31, 2019 2 July 31, 2019, April 30, 2019, January 31, 2019. not 1 October 31, 2020 2 July 31, 2020, April 30, 2020, January 31, 2020 The unaudited consolidated financial statements for the three nine July 31, 2020 10 no Use of estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include accrued sales and use taxes, the liability for incurred but unreported claims under various partially self-insured polices, allowance for doubtful accounts, goodwill impairment analysis, valuation of share-based compensation and accounting for business combinations. Actual results may may Trade receivables Trade receivables are carried at the original invoice amount less an estimate made for doubtful receivables based on a review of all outstanding amounts. Generally, the Company does not may 30 not Management determines the allowance for doubtful accounts by identifying troubled accounts and by using historical experience applied to an aging of accounts. The allowance for doubtful accounts was $0.7 million and $0.6 as of July 31, 2021 October 31, 2020 Inventory Inventory consists primarily of replacement parts for concrete pumping equipment. Inventories are stated at the lower of cost ( first first July 31, 2021 October 31, 2020 Fair Value Measurements The Financial Accounting Standard Board's (the “FASB”) standard on fair value measurements establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. This standard establishes three may Level 1 Level 2 1 Level 3 Deferred financing costs Deferred financing costs representing third Debt issuance costs, including any original issue discounts, related to term loans or senior notes are reflected as a direct deduction from the carrying amount of the long-term debt liability that is included in long term debt, net of discount for deferred financing costs in the accompanying consolidated balance sheets. Debt issuance costs related to revolving credit facilities are capitalized and reflected in deferred financing in the accompanying consolidated balance sheets. Goodwill In accordance with Accounting Standards Codification ("ASC") Topic 350, 350” may not two first no not second not July 31, 2021 no Property, plant and equipment Property, plant and equipment are recorded at cost. Expenditures for additions and betterments are capitalized. Expenditures for maintenance and repairs are charged to expense as incurred; however, maintenance and repairs that improve or extend the life of existing assets are capitalized. The carrying amount of assets disposed of and the related accumulated depreciation are eliminated from the accounts in the year of disposal. Gains or losses from property and equipment disposals are recognized in the year of disposal. Property, plant and equipment is depreciated using the straight-line method over the following estimated useful lives: In Years Buildings and improvements 15 to 40 Capital lease assets—buildings 40 Furniture and office equipment 2 to 7 Machinery and equipment 3 to 25 Transportation equipment 3 to 7 Intangible assets Intangible assets are recorded at cost or their estimated fair value (when acquired through a business combination) less accumulated amortization (if finite-lived). Intangible assets with finite lives, except for customer relationships, are amortized on a straight-line basis over their estimated useful lives. Customer relationships are amortized on an accelerated basis over their estimated useful lives. Intangible assets with indefinite lives are not Impairment of long-lived assets ASC 360, Property, Plant and Equipment 360 July 31, 2021 Derivatives The Company has public warrants outstanding and due to certain provisions in the warrant agreement, coupled with the Company's capital structure, which includes preferred stock with voting rights, the public warrants do not 815, 815" Revenue recognition The Company generates revenues primarily from concrete pumping services in both the U.S. and U.K. Additionally, revenue is generated from the Company’s waste management business which consists of service fees charged to customers for the delivery of its pans and containers and the disposal of the concrete waste material. The Company recognizes revenue from these businesses when all of the following criteria are met: (a) persuasive evidence of an arrangement exists, (b) the service has been performed or delivery has occurred, (c) the price is fixed or determinable, and (d) collectability is reasonably assured. The Company’s delivery terms for replacement part sales are FOB shipping point. The Company imposes and collects sales taxes concurrent with its revenue-producing transactions with customers and remits those taxes to the various governmental authorities as prescribed by the taxing jurisdictions in which it operates. The Company presents such taxes in its consolidated statement of operations on a net basis. Stock-based compensation The Company follows ASC 718, Compensation Stock Compensation ( ASC 718 ) No. 2016 09, Compensation Stock Compensation (ASC 718 Income taxes The Company complies with ASC 740, Income Taxes The Company computes deferred income tax assets and liabilities annually for differences between the financial statements and tax basis of assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not not not Camfaud files income tax returns in the U.K. Camfaud’s national statutes are generally open for one Foreign currency translation The functional currency of Camfaud is the Pound Sterling (GBP). The assets and liabilities of the Company's foreign subsidiaries are translated into U.S. Dollars using the period end exchange rates for the periods presented, and the consolidated statements of operations are translated at the average exchange rate for the periods presented. The resulting translation adjustments are recorded as a component of comprehensive income on the consolidated statements of comprehensive income and accumulated in other comprehensive income. The functional currency of our other subsidiaries is the United States Dollar. Earnings per share The Company calculates earnings per share in accordance with ASC 260, Earnings per Share two two 260, two 1 2 Basic earnings (loss) per common share is calculated by dividing net income (loss) attributable to common shareholders by the weighted average number of shares of Common Stock outstanding each period. Diluted earnings (loss) per common share is based on the weighted average number of shares outstanding during the period plus the common stock equivalents which would arise from the exercise of stock options outstanding using the treasury stock method and the average market price per share during the period. Common stock equivalents are not An anti-dilutive impact is an increase in earnings per share or a reduction in net loss per share resulting from the conversion, exercise, or contingent issuance of certain securities. Business combinations The Company applies the principles provided in ASC 805, Business Combinations 805" 805. Concentrations As of July 31, 2021 October 31, 2020 Cash balances held at financial institutions may, The Company’s customer base is dispersed across the U.S. and U.K. The Company performs ongoing evaluations of its customers’ financial condition and requires no no 10 |
Note 3 - New Accounting Pronoun
Note 3 - New Accounting Pronouncements | 9 Months Ended |
Jul. 31, 2021 | |
Notes to Financial Statements | |
Accounting Standards Update and Change in Accounting Principle [Text Block] | Note 3. We have opted to take advantage of the extended transition period available to emerging growth companies pursuant to the Jumpstart Our Business Startups Act of 2012 Recently issued accounting pronouncements not In May 2014, No. 2014 09, Revenue from Contracts with Customers (ASC 606 2014 09” Under ASU 2014 09 2020 05 2014 09 December 15, 2018 December 15, 2019 fourth October 31, 2021. not In February 2016, 2016 02, 2016 02” 842, 842” 840, 842 842 July 2018, 2018 11, 842: The new standard is effective for emerging growth companies that have elected to use private company adoption dates for fiscal years beginning after December 15, 2021, December 15, 2022. October 31, 2022. In June 2016, No. 2016 13, 326 December 15, 2022, October 31, 2022. In March 2020, 2020 04, 848 2020 04” 2020 04 may March 12, 2020 December 31, 2022. 2020 04 not not |
Note 4 - Fair Value Measurement
Note 4 - Fair Value Measurement | 9 Months Ended |
Jul. 31, 2021 | |
Notes to Financial Statements | |
Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block] | Note 4. Fair Value Measurement The carrying amounts of the Company's cash and cash equivalents, accounts receivable, accounts payable and current accrued liabilities approximate their fair value due to the short-term maturity of these instruments. The Company’s outstanding obligations on its ABL credit facility are deemed to be at fair value as the interest rates on these debt obligations are variable and consistent with prevailing rates. The Company believes the carrying values of its capital lease obligations represent fair value. Long-term debt instruments The Company's long-term debt instruments are recorded at their carrying values in the consolidated balance sheet, which may 2 July 31, 2021 October 31, 2020 July 31, October 31, 2021 2020 (in thousands) Carrying Value Fair Value Carrying Value Fair Value Term loans $ - $ - $ 381,205 $ 365,003 Senior notes $ 375,000 $ 390,938 $ - $ - Capital lease obligations $ 405 $ 405 $ 477 $ 477 Deferred consideration In connection with the acquisition of Camfaud in November 2016, 805, not 3 first 2020. Warrants At both July 31, 2021 October 31, 2020, one December 6, 2023, may third The Company accounts for the public warrants issued in connection with its IPO in accordance with ASC 815, not 1 All other non-financial assets The Company's non-financial assets, which primarily consist of property and equipment, goodwill and other intangible assets, are not may not |
Note 5 - Prepaid Expenses and O
Note 5 - Prepaid Expenses and Other Current Assets | 9 Months Ended |
Jul. 31, 2021 | |
Notes to Financial Statements | |
Other Current Assets [Text Block] | Note 5. The significant components of prepaid expenses and other current assets at July 31, 2021 October 31, 2020 July 31, October 31, (in thousands) 2021 2020 Prepaid insurance $ 3,179 $ 1,399 Prepaid licenses and deposits 515 429 Prepaid rent 301 149 Other current assets and prepaids 1,182 717 Total prepaid expenses and other current assets $ 5,177 $ 2,694 |
Note 6 - Property, Plant and Eq
Note 6 - Property, Plant and Equipment | 9 Months Ended |
Jul. 31, 2021 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | Note 6. The significant components of property, plant and equipment at July 31, 2021 October 31, 2020 July 31, October 31, (in thousands) 2021 2020 Land, building and improvements $ 26,809 $ 26,728 Capital leases—land and buildings 828 828 Machinery and equipment 345,364 318,029 Transportation equipment 2,859 2,338 Furniture and office equipment 2,764 1,230 Property, plant and equipment, gross 378,624 349,153 Less accumulated depreciation (64,034 ) (44,899 ) Property, plant and equipment, net $ 314,590 $ 304,254 Depreciation expense for the three nine July 31, 2021 three nine July 31, 2020 |
Note 7 - Goodwill and Intangibl
Note 7 - Goodwill and Intangible Assets | 9 Months Ended |
Jul. 31, 2021 | |
Notes to Financial Statements | |
Goodwill and Intangible Assets Disclosure [Text Block] | Note 7. The Company recognized goodwill and certain intangible assets in connection with business combinations. During the second 2020, 19. third April 30, 2020. The valuation methodology used to value the trade-names was based on the relief-from-royalty method which is an income based measure that derives the value from total revenue growth projected and what percentage is attributable to the trade name. As a result of the analysis, the Company identified that the fair value of its Brundage-Bone Concrete Pumping trade name was approximately 11.8% below its carrying value and as such, recorded a non-cash impairment charge of $5.0 million in intangibles impairment on April 30, 2020. The goodwill impairment test was performed on the Company’s U.S. Concrete Pumping, U.S. Concrete Waste Management Services, and U.K. Operations reporting units. The valuation methodologies used to value the reporting units included the discounted cash flow method (income approach) and the guideline public company method (market approach). As a result of the goodwill impairment analysis, the Company identified that the fair values of its U.S. Concrete Pumping and U.K. Operations reporting units were approximately 6.9% and 14.8% below their carrying values, respectively. As such, the Company recorded non-cash impairment charges of $38.5 million and $14.4 million to its U.S. Concrete Pumping and U.K. Operations reporting units, respectively, in goodwill impairment on April 30, 2020. The factors leading to the impairment of the Company's goodwill and intangibles were primarily due to ( 1 19 2 19. 19 There were no nine July 31, 2021. may 19 1. The following table summarizes the composition of intangible assets at July 31, 2021 October 31, 2020 July 31, October 31, 2021 2020 Gross Foreign Currency Net Gross Foreign Currency Net Carrying Accumulated Translation Carrying Carrying Accumulated Translation Carrying (in thousands) Value Impairment Amortization Adjustment Amount Value Impairment Amortization Adjustment Amount Customer relationship $ 195,192 $ - $ (84,730 ) $ (716 ) $ 109,746 $ 193,585 $ - $ (64,676 ) $ (106 ) $ 128,803 Trade name 5,843 - (1,453 ) (97 ) 4,293 5,432 - (1,020 ) (14 ) $ 4,398 Trade name (indefinite life) 55,500 (5,000 ) - - 50,500 55,500 (5,000 ) - - $ 50,500 Non-compete agreements 200 - (92 ) - 108 200 - (62 ) - $ 138 Total intangibles $ 256,735 $ (5,000 ) $ (86,275 ) $ (813 ) $ 164,647 $ 254,717 $ (5,000 ) $ (65,758 ) $ (120 ) $ 183,839 Amortization expense for the three nine July 31, 2021 three nine July 31, 2020 five October 31 (in thousands) 2021 (excluding the period from November 1, 2020 to July 31, 2021) $ 6,503 2022 21,747 2023 17,292 2024 13,892 2025 11,245 Thereafter 43,468 Total $ 114,147 The changes in the carrying value of goodwill by reportable segment for the quarter ended July 31, 2021 (in thousands) U.S. Concrete Pumping U.K. Operations U.S. Concrete Waste Management Services Total Balance at October 31, 2020 $ 147,482 $ 26,539 $ 49,133 $ 223,154 Foreign currency translation - 2,011 - 2,011 Balance at July 31, 2021 $ 147,482 $ 28,550 $ 49,133 $ 225,165 |
Note 8 - Long Term Debt and Rev
Note 8 - Long Term Debt and Revolving Lines of Credit | 9 Months Ended |
Jul. 31, 2021 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | Note 8. On January 28, 2021, second 2026 December 6, 2018, Senior Notes Summarized terms of the Senior Notes are as follows: ● Provides for an original aggregate principal amount of $375.0 ● The Senior Notes will mature and be due and payable in full on February 1, 2026; ● The Senior Notes bear interest at a rate of 6.000% February 1 August 1 ● The Senior Notes are jointly and severally guaranteed on a senior secured basis by the Company, Concrete Pumping Intermediate Acquisition Corp. and each of the Issuer’s domestic, wholly-owned subsidiaries that are borrowers and certain of the guarantors under the ABL Facility (collectively, the "Guarantors"). The Senior Notes and the guarantees are secured on a second not ● The Indenture includes certain covenants that limit, among other things, the Issuer’s ability and the ability of its restricted subsidiaries to: incur additional indebtedness and issue certain preferred stock; make certain investments, distributions and other restricted payments; create or incur certain liens; merge, consolidate or transfer all or substantially all assets; enter into certain transactions with affiliates; and sell or otherwise dispose of certain assets. The outstanding principal amount of Senior Notes as of July 31, 2021 ABL Facility A comparison of terms of the ABL Facility before and immediately after the amendment are as follows: Dated December 6, 2018 As of January 28, 2021 Borrowing availability in U.S. Dollars and GBP up to a maximum of $60.0 million; Borrowing availability in U.S. Dollars and GBP up to a maximum of $125.0 million and an accordion feature under which the Company can increase the ABL Facility by up to an additional $75.0 million; Borrowing capacity available for standby letters of credit of up to $7.5 million and for swing loan borrowings of up to $7.5 million. Any issuance of letters of credit or making of a swing loan will reduce the amount available under the ABL Facility; Same; All loans advanced will mature and be due and payable in full on December 6, 2023; All loans advanced will mature and be due and payable in full on January 28, 2026; Amounts borrowed may Same; Borrowings in U.S. Dollars and GBP bear interest at either ( 1 2 two Borrowings in U.S. Dollars and GBP bear interest at either ( 1 2 U.S. ABL Facility obligations will be secured by (i) a perfected first second US ABL Facility obligations will be secured by a first U.K. ABL Facility obligations will be secured by (i) a perfected first first second UK ABL Facility obligations will be secured by a first The ABL Facility also includes (i) a springing financial covenant (fixed charges coverage ratio) based on excess availability levels that the Company must comply with on a quarterly basis during required compliance periods and (ii) certain non-financial covenants. Same. There was no outstanding balance under the amended ABL Facility as of July 31, 2021 Term Loan Agreement Summarized terms of the Term Loan Agreement are as follows: ● Provides for an original aggregate principal amount of $357.0 million. This amount was increased in May 2019 ● The initial term loans advanced will mature and be due and payable in full seven ● Borrowings under the Term Loan Agreement, will bear interest at either ( 1 2 ● The Term Loan Agreement is secured by (i) a first not second ● The Term Loan Agreement includes certain non-financial covenants. As discussed above, all outstanding borrowings under the Term Loan Agreement were repaid on January 28, 2021. The table below is a summary of the composition of the Company’s debt balances at July 31, 2021 October 31, 2020 July 31, October 31, (in thousands) 2021 2020 Revolving loan (short term) $ - $ 1,741 Short term portion of term loan - 20,888 Long term portion of term loan - 360,317 Senior notes - all long term 375,000 - Total debt, gross 375,000 382,946 Less unamortized deferred financing costs offsetting long term debt (6,264 ) (16,411 ) Total debt, net of unamortized deferred financing costs $ 368,736 $ 366,535 |
Note 9 - Accrued Payroll and Pa
Note 9 - Accrued Payroll and Payroll Expenses | 9 Months Ended |
Jul. 31, 2021 | |
Notes to Financial Statements | |
Accrued Payroll and Payroll Expenses [Text Block] | Note 9. The following table summarizes accrued payroll and expenses at July 31, 2021 October 31, 2020 July 31, October 31, (in thousands) 2021 2020 Accrued vacation $ 2,009 $ 1,667 Accrued payroll 2,616 1,507 Accrued bonus 2,871 4,752 Other accrued 4,870 5,139 Total accrued payroll and payroll expenses $ 12,366 $ 13,065 |
Note 10 - Accrued Expenses and
Note 10 - Accrued Expenses and Other Current Liabilities | 9 Months Ended |
Jul. 31, 2021 | |
Notes to Financial Statements | |
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block] | Note 10. The following table summarizes accrued expenses and other current liabilities at July 31, 2021 October 31, 2020 July 31, October 31, (in thousands) 2021 2020 Accrued insurance $ 6,865 $ 7,806 Accrued interest 11,438 146 Accrued equipment purchases 1,275 4,149 Accrued sales and use tax 423 311 Accrued property taxes 749 882 Accrued professional fees 1,158 1,213 Accrued due to related party - 1,765 Other 1,662 2,607 Total accrued expenses and other liabilities $ 23,570 $ 18,879 |
Note 11 - Income Taxes
Note 11 - Income Taxes | 9 Months Ended |
Jul. 31, 2021 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | Note 11. For the third July 31, 2021 first nine 2021 nine July 31, 2021, not three nine July 31, 2020 1 not 2 not 3 July 31, 2020 2020 second not At July 31, 2021 October 31, 2020 July 31, 2021 October 31, 2020 July 31, 2021 October 31, 2020 |
Note 12 - Commitments and Conti
Note 12 - Commitments and Contingencies | 9 Months Ended |
Jul. 31, 2021 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | Note 12. Insurance As of July 31, 2021 October 31, 2020 July 31, 2021 October 31, 2020 not The Company offers employee health benefits via a partially self-insured medical benefit plan. Participant claims exceeding certain limits are covered by a stop-loss insurance policy. As of July 31, 2021 October 31, 2020 not third third July 31, 2021 October 31, 2020 Litigation The Company is currently involved in certain legal proceedings and other disputes with third not not Letters of credit The ABL Facility provides for up to $7.5 million of standby letters of credit. As of July 31, 2021 |
Note 13 - Stockholders' Equity
Note 13 - Stockholders' Equity | 9 Months Ended |
Jul. 31, 2021 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | Note 13. Equity The Company’s amended and restated certificate of incorporation authorizes the issuance of 500,000,000 shares of common stock, par value $0.0001, and 10,000,000 shares of preferred stock, par value $0.0001. Immediately following the Business Combination, there were: ● 28,847,707 shares of common stock issued and outstanding; ● 34,100,000 warrants outstanding, each exercisable for one December 6, 2023; ● 2,450,980 shares of zero The Company’s Series A Preferred Stock does not June 6, 2019) 1:1 December 6, 2022 1:1 Conditionally redeemable preferred shares (including preferred shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not not On April 29, 2019, July 31, 2021, April 12, 2021, 2 On May 14, 2019, |
Note 14 - Stock-based Compensat
Note 14 - Stock-based Compensation | 9 Months Ended |
Jul. 31, 2021 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | Note 14. The Company rolled forward certain vested options from the Predecessor (see discussion below) to 2,783,479 equivalent vested options in the Company. No incremental compensation costs were recognized on conversion as the fair value of the options issued were equivalent to the fair value of the vested options of the Predecessor. Exercise prices for those options range from $0.87 to $6.09. During 2019, 2018 one four ( 1 Time-based only – Awards vest in equal installments over a five ( 2 $13 first $13.00 30 first 1/3 three ( 3 $16 first $16.00 30 first 1/3 three ( 4 $19 first $19.00 30 first 1/3 three On October 29, 2020 ( 1 113 o The price vesting targets of $13.00 per share, $16.00 per share or $19.00 per share were reduced to $6.00 per share, $8.00 per share or $10.00 per share, respectively o The market-based awards were exchanged on a 2-for- 1 ( 2 18 $13/$16/$19 o Each individual's total award was split into the following: (a) 46% of time vesting shares that vested on December 6, 2020, ( 1/3 December 6, 2021, 2022 2023, $6.00 $8.00 $10.00 first 1/3 three o In the aggregate, 1,381,426 stock awards were modified as follows: (a) 635,455 shares vested on December 6, 2020, (b) 207,215 shares will vest ratably 1/3 December 6, 2021, 2022 2023, (c) 538,756 shares will vest based on reduced price vesting targets of $6.00 $8.00 $10.00 As a result of the modifications, and in accordance with ASC 718, ● Unrecognized stock-based compensation expense as of October 29, 2020 ● The greater of $0 The fair values for the above awards were calculated using a Monte Carlo simulation model and the updated fair value of the stock award is expensed over the new service period for the new award. As a result of the modifications, the Company recorded $5.9 million of compensation expense on day 1 no As of July 31, 2021 ( 1 Time-based only – Awards vest in equal installments over a three five ( 2 $6 first 30 first 1/3 three ( 3 $8 first 30 first 1/3 three ( 4 $10 first 30 first 1/3 three Included in the table on the next page is a summary of unvested awards at July 31, 2021 $6 $6.00 March 29, 2021, Location Type of Award Shares Unvested at July 31, 2021 Weighted Average Fair Value Unrecognized Compensation Expense at July 31, 2021 Date Expense will be Recognized Through (Straight-Line Basis) U.S. Time Based Only 862,028 $ 6.20 $ 3,506,409 12/6/2023 U.S. $6 Market/Time- Based 150,697 $ 3.86 $ - 10/29/2020 U.S. $6 Market/Time- Based 191,985 $ 8.65 $ 443,476 3/29/2022 U.S. $6 Market/Time- Based 191,985 $ 8.65 $ 745,037 3/29/2023 U.S. $6 Market/Time- Based 191,997 $ 8.65 $ 923,485 3/29/2024 U.S. $8 Market/Time- Based 150,697 $ 3.46 $ - 10/29/2020 U.S. $8 Market/Time- Based 191,986 $ 7.45 $ 543,232 8/23/2022* U.S. $8 Market/Time- Based 191,986 $ 7.45 $ 726,916 8/23/2023* U.S. $8 Market/Time- Based 191,996 $ 7.45 $ 849,205 8/23/2024* U.S. $10 Market/Time- Based 150,706 $ 3.15 $ - 10/29/2020 U.S. $10 Market/Time- Based 191,991 $ 6.46 $ 511,665 7/9/2023 U.S. $10 Market/Time- Based 191,987 $ 6.46 $ 656,956 7/9/2024 U.S. $10 Market/Time- Based 192,004 $ 6.46 $ 755,069 7/9/2025 U.S. $13 Market/Time- Based 433 $ 4.47 $ 613 5/4/2022 U.S. $13 Market/Time- Based 433 $ 4.47 $ 912 5/4/2023 U.S. $13 Market/Time- Based 434 $ 4.47 $ 1,104 5/4/2024 U.S. $16 Market/Time- Based 433 $ 3.85 $ 624 8/27/2022 U.S. $16 Market/Time- Based 433 $ 3.85 $ 845 8/27/2023 U.S. $16 Market/Time- Based 434 $ 3.85 $ 991 8/27/2024 U.S. $19 Market/Time- Based 433 $ 3.34 $ 595 11/19/2022 U.S. $19 Market/Time- Based 433 $ 3.34 $ 766 11/19/2023 U.S. $19 Market/Time- Based 434 $ 3.34 $ 883 11/19/2024 U.K. Time Based Only 134,431 $ 6.08 $ 496,291 12/6/2023 U.K. $6 Market/Time- Based 28,885 $ 3.85 $ - 10/29/2020 U.K. $6 Market/Time- Based 27,892 $ 8.36 $ 63,685 3/29/2022 U.K. $6 Market/Time- Based 27,892 $ 8.36 $ 105,878 3/29/2023 U.K. $6 Market/Time- Based 27,901 $ 8.36 $ 130,820 3/29/2024 U.K. $8 Market/Time- Based 28,885 $ 3.45 $ - 10/29/2020 U.K. $8 Market/Time- Based 27,892 $ 7.20 $ 77,475 8/23/2022* U.K. $8 Market/Time- Based 27,892 $ 7.20 $ 103,082 8/23/2023* U.K. $8 Market/Time- Based 27,901 $ 7.20 $ 120,147 8/23/2024* U.K. $10 Market/Time- Based 28,886 $ 3.14 $ - 10/29/2020 U.K. $10 Market/Time- Based 27,902 $ 6.24 $ 72,869 7/9/2023 U.K. $10 Market/Time- Based 27,892 $ 6.24 $ 93,069 7/9/2024 U.K. $10 Market/Time- Based 27,901 $ 6.24 $ 106,761 7/9/2025 Total 3,518,097 $ 11,038,860 Note: The $13/$16/$19 not October 29, 2020 * The $8.00 August 23, 2021, Stock-based compensation expense for the three nine July 31, 2021 three nine July 31, 2020 |
Note 15 - Earnings Per Share
Note 15 - Earnings Per Share | 9 Months Ended |
Jul. 31, 2021 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 15. The Company calculates earnings per share in accordance with ASC 260, Earnings Per Share two two two not not At July 31, 2021 1 2 3 4 5 The table below shows our basic and diluted EPS calculations for the three nine July 31, 2021 2020 Three Months Ended July 31, Nine Months Ended July 31, (in thousands, except share and per share amounts) 2021 2020 2021 2020 Net income (loss) (numerator): Net income (loss) attributable to Concrete Pumping Holdings, Inc. $ 4,638 $ 247 $ (18,505 ) $ (58,603 ) Less: Accretion of liquidation preference on preferred stock (525 ) (489 ) (1,530 ) (1,432 ) Less: Undistributed earnings allocated to participating securities (221 ) - - - Net income (loss) attributable to common stockholders (numerator for basic earnings per share) $ 3,892 $ (242 ) $ (20,035 ) $ (60,035 ) Add back: Undistributed earning allocated to participating securities 221 - - - Less: Undistributed earnings reallocated to participating securities (217 ) - - - Numerator for diluted earnings (loss) per share $ 3,896 $ (242 ) $ (20,035 ) $ (60,035 ) Weighted average shares (denominator): Weighted average shares - basic 53,522,089 52,782,663 53,377,032 52,752,884 Weighted average shares - diluted 54,547,494 52,782,663 53,377,032 52,752,884 Basic loss per share $ 0.07 $ 0.00 $ (0.38 ) $ (1.14 ) Diluted loss per share $ 0.07 $ 0.00 $ (0.38 ) $ (1.14 ) The dilutive effects of the 2.5 million shares of preferred stock and 13.1 million warrants were excluded from the calculation of diluted net income per share for the three July 31, 2021, |
Note 16 - Segment Reporting
Note 16 - Segment Reporting | 9 Months Ended |
Jul. 31, 2021 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | Note 16. The Company conducts business through the following reportable segments based on geography and the nature of services sold: ● U.S. Concrete Pumping – Consists of concrete pumping services sold to customers in the U.S. Business in this segment is primarily performed under the Brundage-Bone and Capital tradenames. ● U.K. Operations – Consists of concrete pumping services and leasing of concrete pumping equipment to customers in the U.K. Business in this segment is primarily performed under the Camfaud Concrete Pumps and Premier Concrete Pumping tradenames. In addition to concrete pumping, we recently started operations of waste management services in the U.K. under the Eco-Pan tradename and the results of this business are included in this segment. This represents the Company’s foreign operations. ● U.S. Concrete Waste Management Services – Consists of pans and containers rented to customers in the U.S. and the disposal of the concrete waste material services sold to customers in the U.S. Business in this segment is performed under the Eco-Pan tradename. ● Corporate - Is primarily related to the intercompany leasing of real estate to certain of the U.S Concrete Pumping branches. Any differences between segment reporting and consolidated results are reflected in Corporate and/or Intersegment below. The accounting policies of the reportable segments are the same as those described in Note 2. Three Months Ended July 31, Nine Months Ended July 31, (in thousands) 2021 2020 2021 2020 Revenue U.S. Concrete Pumping $ 58,025 $ 58,644 $ 166,509 $ 171,209 U.K. Operations 12,652 9,208 34,285 28,294 U.S. Concrete Waste Management Services 10,122 9,390 27,552 25,978 Corporate 625 625 1,875 1,875 Intersegment (663 ) (736 ) (2,167 ) (2,245 ) Total revenue $ 80,761 $ 77,131 $ 228,054 $ 225,111 Income (loss) before income taxes U.S. Concrete Pumping $ 2,625 $ 497 $ (14,183 ) $ (50,430 ) U.K. Operations 533 (81 ) 305 (16,535 ) U.S. Concrete Waste Management Services 2,458 1,685 4,492 3,149 Corporate 674 (2,316 ) (9,945 ) 1,384 Total income (loss) before income taxes $ 6,290 $ (215 ) $ (19,331 ) $ (62,432 ) Three Months Ended July 31, Nine Months Ended July 31, (in thousands) 2021 2020 2021 2020 EBITDA U.S. Concrete Pumping $ 17,178 $ 17,862 $ 30,419 $ 3,911 U.K. Operations 3,381 2,715 8,794 (8,038 ) U.S. Concrete Waste Management Services 4,837 4,346 11,542 11,149 Corporate 885 (2,109 ) (9,318 ) 2,005 Total EBITDA $ 26,281 $ 22,814 $ 41,437 $ 9,027 Consolidated EBITDA reconciliation Net income (loss) $ 4,638 $ 247 $ (18,505 ) $ (58,603 ) Interest expense, net 6,153 8,364 19,082 26,632 Income tax expense (benefit) 1,652 (462 ) (826 ) (3,829 ) Depreciation and amortization 13,838 14,665 41,686 44,827 Total EBITDA $ 26,281 $ 22,814 $ 41,437 $ 9,027 Three Months Ended July 31, Nine Months Ended July 31, (in thousands) 2021 2020 2021 2020 Depreciation and amortization U.S. Concrete Pumping $ 9,206 $ 9,745 $ 27,885 $ 29,893 U.K. Operations 2,042 2,052 6,124 6,313 U.S. Concrete Waste Management Services 2,379 2,661 7,050 8,000 Corporate 211 207 627 621 Total depreciation and amortization $ 13,838 $ 14,665 $ 41,686 $ 44,827 Interest expense, net U.S. Concrete Pumping $ (5,347 ) $ (7,620 ) $ (16,717 ) $ (24,448 ) U.K. Operations (806 ) (744 ) (2,365 ) (2,184 ) U.S. Concrete Waste Management Services - - - - Corporate - - - - Total interest expense, net $ (6,153 ) $ (8,364 ) $ (19,082 ) $ (26,632 ) Transaction and debt extinguishment costs U.S. Concrete Pumping $ 111 $ - $ 15,705 $ - Total transaction costs including transaction-related debt extinguishment $ 111 $ - $ 15,705 $ - Total assets by segment for the periods presented are as follows: July 31, October 31, (in thousands) 2021 2020 Total Assets U.S. Concrete Pumping $ 577,398 $ 570,536 U.K. Operations 104,641 109,726 U.S. Concrete Waste Management Services 143,797 140,209 Corporate 26,454 25,517 Intersegment (70,324 ) (72,230 ) Total assets $ 781,966 $ 773,758 The U.S. and U.K. were the only regions that accounted for more than 10% no 10% July 31, 2021 October 31, 2020 Three Months Ended July 31, Nine Months Ended July 31, (in thousands) 2021 2020 2021 2020 Revenue by Geography U.S. $ 68,109 $ 67,923 $ 193,769 $ 196,817 U.K. 12,652 9,208 34,285 28,294 Total revenue $ 80,761 $ 77,131 $ 228,054 $ 225,111 July 31, October 31, (in thousands) 2021 2020 Long Lived Assets U.S. $ 267,129 $ 260,693 U.K. 47,461 43,561 Total long lived assets $ 314,590 $ 304,254 |
Note 17 - Related Party Transac
Note 17 - Related Party Transaction | 9 Months Ended |
Jul. 31, 2021 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | Note 17. During fiscal years 2016 2017, 2018 2019, 2016 2017 2020, 2018 2016 2017 2019 2017 March 31, 2020, October 2020, $2.0 2020 fourth 2021 first 2021 second |
Note 18 - Subsequent Events
Note 18 - Subsequent Events | 9 Months Ended |
Jul. 31, 2021 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | Note 18. On September 1, 2021, not |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Jul. 31, 2021 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of presentation The accompanying Unaudited Consolidated Financial Statements have been prepared, without audit, in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and the rules and regulations of the SEC. Accordingly, they do not July 31, 2021 |
Consolidation, Policy [Policy Text Block] | Principles of consolidation The Consolidated Financial Statements include all accounts of the Company and its subsidiaries. All intercompany balances and transactions have been eliminated. |
Reclassification, Comparability Adjustment [Policy Text Block] | Restatement and Revision of Prior Period Financial Statements As described in additional detail in the Explanatory Note to our Annual Report on Form 10 October 31, 2020, June 11, 2021, April 12, 2021 ( may The Company previously classified its publicly traded warrants (the “public warrants”) and private placement warrants (the “private warrants”) (collectively the “Warrants”), which were issued in August 2017, 1 October 31, 2019 December 6, 2018 October 31, 2019 2 July 31, 2019, April 30, 2019, January 31, 2019. not 1 October 31, 2020 2 July 31, 2020, April 30, 2020, January 31, 2020 The unaudited consolidated financial statements for the three nine July 31, 2020 10 no |
Use of Estimates, Policy [Policy Text Block] | Use of estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include accrued sales and use taxes, the liability for incurred but unreported claims under various partially self-insured polices, allowance for doubtful accounts, goodwill impairment analysis, valuation of share-based compensation and accounting for business combinations. Actual results may may |
Accounts Receivable [Policy Text Block] | Trade receivables Trade receivables are carried at the original invoice amount less an estimate made for doubtful receivables based on a review of all outstanding amounts. Generally, the Company does not may 30 not Management determines the allowance for doubtful accounts by identifying troubled accounts and by using historical experience applied to an aging of accounts. The allowance for doubtful accounts was $0.7 million and $0.6 as of July 31, 2021 October 31, 2020 |
Inventory, Policy [Policy Text Block] | Inventory Inventory consists primarily of replacement parts for concrete pumping equipment. Inventories are stated at the lower of cost ( first first July 31, 2021 October 31, 2020 |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value Measurements The Financial Accounting Standard Board's (the “FASB”) standard on fair value measurements establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. This standard establishes three may Level 1 Level 2 1 Level 3 |
Debt, Policy [Policy Text Block] | Deferred financing costs Deferred financing costs representing third Debt issuance costs, including any original issue discounts, related to term loans or senior notes are reflected as a direct deduction from the carrying amount of the long-term debt liability that is included in long term debt, net of discount for deferred financing costs in the accompanying consolidated balance sheets. Debt issuance costs related to revolving credit facilities are capitalized and reflected in deferred financing in the accompanying consolidated balance sheets. |
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block] | Goodwill In accordance with Accounting Standards Codification ("ASC") Topic 350, 350” may not two first no not second not July 31, 2021 no |
Property, Plant and Equipment, Policy [Policy Text Block] | Property, plant and equipment Property, plant and equipment are recorded at cost. Expenditures for additions and betterments are capitalized. Expenditures for maintenance and repairs are charged to expense as incurred; however, maintenance and repairs that improve or extend the life of existing assets are capitalized. The carrying amount of assets disposed of and the related accumulated depreciation are eliminated from the accounts in the year of disposal. Gains or losses from property and equipment disposals are recognized in the year of disposal. Property, plant and equipment is depreciated using the straight-line method over the following estimated useful lives: In Years Buildings and improvements 15 to 40 Capital lease assets—buildings 40 Furniture and office equipment 2 to 7 Machinery and equipment 3 to 25 Transportation equipment 3 to 7 |
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block] | Intangible assets Intangible assets are recorded at cost or their estimated fair value (when acquired through a business combination) less accumulated amortization (if finite-lived). Intangible assets with finite lives, except for customer relationships, are amortized on a straight-line basis over their estimated useful lives. Customer relationships are amortized on an accelerated basis over their estimated useful lives. Intangible assets with indefinite lives are not |
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | Impairment of long-lived assets ASC 360, Property, Plant and Equipment 360 July 31, 2021 |
Derivatives, Policy [Policy Text Block] | Derivatives The Company has public warrants outstanding and due to certain provisions in the warrant agreement, coupled with the Company's capital structure, which includes preferred stock with voting rights, the public warrants do not 815, 815" |
Revenue [Policy Text Block] | Revenue recognition The Company generates revenues primarily from concrete pumping services in both the U.S. and U.K. Additionally, revenue is generated from the Company’s waste management business which consists of service fees charged to customers for the delivery of its pans and containers and the disposal of the concrete waste material. The Company recognizes revenue from these businesses when all of the following criteria are met: (a) persuasive evidence of an arrangement exists, (b) the service has been performed or delivery has occurred, (c) the price is fixed or determinable, and (d) collectability is reasonably assured. The Company’s delivery terms for replacement part sales are FOB shipping point. The Company imposes and collects sales taxes concurrent with its revenue-producing transactions with customers and remits those taxes to the various governmental authorities as prescribed by the taxing jurisdictions in which it operates. The Company presents such taxes in its consolidated statement of operations on a net basis. |
Share-based Payment Arrangement [Policy Text Block] | Stock-based compensation The Company follows ASC 718, Compensation Stock Compensation ( ASC 718 ) No. 2016 09, Compensation Stock Compensation (ASC 718 |
Income Tax, Policy [Policy Text Block] | Income taxes The Company complies with ASC 740, Income Taxes The Company computes deferred income tax assets and liabilities annually for differences between the financial statements and tax basis of assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not not not Camfaud files income tax returns in the U.K. Camfaud’s national statutes are generally open for one |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | Foreign currency translation The functional currency of Camfaud is the Pound Sterling (GBP). The assets and liabilities of the Company's foreign subsidiaries are translated into U.S. Dollars using the period end exchange rates for the periods presented, and the consolidated statements of operations are translated at the average exchange rate for the periods presented. The resulting translation adjustments are recorded as a component of comprehensive income on the consolidated statements of comprehensive income and accumulated in other comprehensive income. The functional currency of our other subsidiaries is the United States Dollar. |
Earnings Per Share, Policy [Policy Text Block] | Earnings per share The Company calculates earnings per share in accordance with ASC 260, Earnings per Share two two 260, two 1 2 Basic earnings (loss) per common share is calculated by dividing net income (loss) attributable to common shareholders by the weighted average number of shares of Common Stock outstanding each period. Diluted earnings (loss) per common share is based on the weighted average number of shares outstanding during the period plus the common stock equivalents which would arise from the exercise of stock options outstanding using the treasury stock method and the average market price per share during the period. Common stock equivalents are not An anti-dilutive impact is an increase in earnings per share or a reduction in net loss per share resulting from the conversion, exercise, or contingent issuance of certain securities. |
Business Combinations Policy [Policy Text Block] | Business combinations The Company applies the principles provided in ASC 805, Business Combinations 805" 805. |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentrations As of July 31, 2021 October 31, 2020 Cash balances held at financial institutions may, The Company’s customer base is dispersed across the U.S. and U.K. The Company performs ongoing evaluations of its customers’ financial condition and requires no no 10 |
Note 2 - Summary of Significa_2
Note 2 - Summary of Significant Accounting Policies (Tables) | 9 Months Ended |
Jul. 31, 2021 | |
Notes Tables | |
Property, Plant and Equipment, Useful Life [Table Text Block] | In Years Buildings and improvements 15 to 40 Capital lease assets—buildings 40 Furniture and office equipment 2 to 7 Machinery and equipment 3 to 25 Transportation equipment 3 to 7 |
Note 4 - Fair Value Measureme_2
Note 4 - Fair Value Measurement (Tables) | 9 Months Ended |
Jul. 31, 2021 | |
Notes Tables | |
Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis [Table Text Block] | July 31, October 31, 2021 2020 (in thousands) Carrying Value Fair Value Carrying Value Fair Value Term loans $ - $ - $ 381,205 $ 365,003 Senior notes $ 375,000 $ 390,938 $ - $ - Capital lease obligations $ 405 $ 405 $ 477 $ 477 |
Note 5 - Prepaid Expenses and_2
Note 5 - Prepaid Expenses and Other Current Assets (Tables) | 9 Months Ended |
Jul. 31, 2021 | |
Notes Tables | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block] | July 31, October 31, (in thousands) 2021 2020 Prepaid insurance $ 3,179 $ 1,399 Prepaid licenses and deposits 515 429 Prepaid rent 301 149 Other current assets and prepaids 1,182 717 Total prepaid expenses and other current assets $ 5,177 $ 2,694 |
Note 6 - Property, Plant and _2
Note 6 - Property, Plant and Equipment (Tables) | 9 Months Ended |
Jul. 31, 2021 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | July 31, October 31, (in thousands) 2021 2020 Land, building and improvements $ 26,809 $ 26,728 Capital leases—land and buildings 828 828 Machinery and equipment 345,364 318,029 Transportation equipment 2,859 2,338 Furniture and office equipment 2,764 1,230 Property, plant and equipment, gross 378,624 349,153 Less accumulated depreciation (64,034 ) (44,899 ) Property, plant and equipment, net $ 314,590 $ 304,254 |
Note 7 - Goodwill and Intangi_2
Note 7 - Goodwill and Intangible Assets (Tables) | 9 Months Ended |
Jul. 31, 2021 | |
Notes Tables | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | July 31, October 31, 2021 2020 Gross Foreign Currency Net Gross Foreign Currency Net Carrying Accumulated Translation Carrying Carrying Accumulated Translation Carrying (in thousands) Value Impairment Amortization Adjustment Amount Value Impairment Amortization Adjustment Amount Customer relationship $ 195,192 $ - $ (84,730 ) $ (716 ) $ 109,746 $ 193,585 $ - $ (64,676 ) $ (106 ) $ 128,803 Trade name 5,843 - (1,453 ) (97 ) 4,293 5,432 - (1,020 ) (14 ) $ 4,398 Trade name (indefinite life) 55,500 (5,000 ) - - 50,500 55,500 (5,000 ) - - $ 50,500 Non-compete agreements 200 - (92 ) - 108 200 - (62 ) - $ 138 Total intangibles $ 256,735 $ (5,000 ) $ (86,275 ) $ (813 ) $ 164,647 $ 254,717 $ (5,000 ) $ (65,758 ) $ (120 ) $ 183,839 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | (in thousands) 2021 (excluding the period from November 1, 2020 to July 31, 2021) $ 6,503 2022 21,747 2023 17,292 2024 13,892 2025 11,245 Thereafter 43,468 Total $ 114,147 |
Schedule of Goodwill [Table Text Block] | (in thousands) U.S. Concrete Pumping U.K. Operations U.S. Concrete Waste Management Services Total Balance at October 31, 2020 $ 147,482 $ 26,539 $ 49,133 $ 223,154 Foreign currency translation - 2,011 - 2,011 Balance at July 31, 2021 $ 147,482 $ 28,550 $ 49,133 $ 225,165 |
Note 8 - Long Term Debt and R_2
Note 8 - Long Term Debt and Revolving Lines of Credit (Tables) | 9 Months Ended |
Jul. 31, 2021 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | July 31, October 31, (in thousands) 2021 2020 Revolving loan (short term) $ - $ 1,741 Short term portion of term loan - 20,888 Long term portion of term loan - 360,317 Senior notes - all long term 375,000 - Total debt, gross 375,000 382,946 Less unamortized deferred financing costs offsetting long term debt (6,264 ) (16,411 ) Total debt, net of unamortized deferred financing costs $ 368,736 $ 366,535 |
Note 9 - Accrued Payroll and _2
Note 9 - Accrued Payroll and Payroll Expenses (Tables) | 9 Months Ended |
Jul. 31, 2021 | |
Notes Tables | |
Schedule of Accrued Payroll and Expenses [Table Text Block] | July 31, October 31, (in thousands) 2021 2020 Accrued vacation $ 2,009 $ 1,667 Accrued payroll 2,616 1,507 Accrued bonus 2,871 4,752 Other accrued 4,870 5,139 Total accrued payroll and payroll expenses $ 12,366 $ 13,065 |
Note 10 - Accrued Expenses an_2
Note 10 - Accrued Expenses and Other Current Liabilities (Tables) | 9 Months Ended |
Jul. 31, 2021 | |
Notes Tables | |
Schedule of Accrued Liabilities [Table Text Block] | July 31, October 31, (in thousands) 2021 2020 Accrued insurance $ 6,865 $ 7,806 Accrued interest 11,438 146 Accrued equipment purchases 1,275 4,149 Accrued sales and use tax 423 311 Accrued property taxes 749 882 Accrued professional fees 1,158 1,213 Accrued due to related party - 1,765 Other 1,662 2,607 Total accrued expenses and other liabilities $ 23,570 $ 18,879 |
Note 14 - Stock-based Compens_2
Note 14 - Stock-based Compensation (Tables) | 9 Months Ended |
Jul. 31, 2021 | |
Notes Tables | |
Share-based Payment Arrangement, Activity [Table Text Block] | Location Type of Award Shares Unvested at July 31, 2021 Weighted Average Fair Value Unrecognized Compensation Expense at July 31, 2021 Date Expense will be Recognized Through (Straight-Line Basis) U.S. Time Based Only 862,028 $ 6.20 $ 3,506,409 12/6/2023 U.S. $6 Market/Time- Based 150,697 $ 3.86 $ - 10/29/2020 U.S. $6 Market/Time- Based 191,985 $ 8.65 $ 443,476 3/29/2022 U.S. $6 Market/Time- Based 191,985 $ 8.65 $ 745,037 3/29/2023 U.S. $6 Market/Time- Based 191,997 $ 8.65 $ 923,485 3/29/2024 U.S. $8 Market/Time- Based 150,697 $ 3.46 $ - 10/29/2020 U.S. $8 Market/Time- Based 191,986 $ 7.45 $ 543,232 8/23/2022* U.S. $8 Market/Time- Based 191,986 $ 7.45 $ 726,916 8/23/2023* U.S. $8 Market/Time- Based 191,996 $ 7.45 $ 849,205 8/23/2024* U.S. $10 Market/Time- Based 150,706 $ 3.15 $ - 10/29/2020 U.S. $10 Market/Time- Based 191,991 $ 6.46 $ 511,665 7/9/2023 U.S. $10 Market/Time- Based 191,987 $ 6.46 $ 656,956 7/9/2024 U.S. $10 Market/Time- Based 192,004 $ 6.46 $ 755,069 7/9/2025 U.S. $13 Market/Time- Based 433 $ 4.47 $ 613 5/4/2022 U.S. $13 Market/Time- Based 433 $ 4.47 $ 912 5/4/2023 U.S. $13 Market/Time- Based 434 $ 4.47 $ 1,104 5/4/2024 U.S. $16 Market/Time- Based 433 $ 3.85 $ 624 8/27/2022 U.S. $16 Market/Time- Based 433 $ 3.85 $ 845 8/27/2023 U.S. $16 Market/Time- Based 434 $ 3.85 $ 991 8/27/2024 U.S. $19 Market/Time- Based 433 $ 3.34 $ 595 11/19/2022 U.S. $19 Market/Time- Based 433 $ 3.34 $ 766 11/19/2023 U.S. $19 Market/Time- Based 434 $ 3.34 $ 883 11/19/2024 U.K. Time Based Only 134,431 $ 6.08 $ 496,291 12/6/2023 U.K. $6 Market/Time- Based 28,885 $ 3.85 $ - 10/29/2020 U.K. $6 Market/Time- Based 27,892 $ 8.36 $ 63,685 3/29/2022 U.K. $6 Market/Time- Based 27,892 $ 8.36 $ 105,878 3/29/2023 U.K. $6 Market/Time- Based 27,901 $ 8.36 $ 130,820 3/29/2024 U.K. $8 Market/Time- Based 28,885 $ 3.45 $ - 10/29/2020 U.K. $8 Market/Time- Based 27,892 $ 7.20 $ 77,475 8/23/2022* U.K. $8 Market/Time- Based 27,892 $ 7.20 $ 103,082 8/23/2023* U.K. $8 Market/Time- Based 27,901 $ 7.20 $ 120,147 8/23/2024* U.K. $10 Market/Time- Based 28,886 $ 3.14 $ - 10/29/2020 U.K. $10 Market/Time- Based 27,902 $ 6.24 $ 72,869 7/9/2023 U.K. $10 Market/Time- Based 27,892 $ 6.24 $ 93,069 7/9/2024 U.K. $10 Market/Time- Based 27,901 $ 6.24 $ 106,761 7/9/2025 Total 3,518,097 $ 11,038,860 |
Note 15 - Earnings Per Share (T
Note 15 - Earnings Per Share (Tables) | 9 Months Ended |
Jul. 31, 2021 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended July 31, Nine Months Ended July 31, (in thousands, except share and per share amounts) 2021 2020 2021 2020 Net income (loss) (numerator): Net income (loss) attributable to Concrete Pumping Holdings, Inc. $ 4,638 $ 247 $ (18,505 ) $ (58,603 ) Less: Accretion of liquidation preference on preferred stock (525 ) (489 ) (1,530 ) (1,432 ) Less: Undistributed earnings allocated to participating securities (221 ) - - - Net income (loss) attributable to common stockholders (numerator for basic earnings per share) $ 3,892 $ (242 ) $ (20,035 ) $ (60,035 ) Add back: Undistributed earning allocated to participating securities 221 - - - Less: Undistributed earnings reallocated to participating securities (217 ) - - - Numerator for diluted earnings (loss) per share $ 3,896 $ (242 ) $ (20,035 ) $ (60,035 ) Weighted average shares (denominator): Weighted average shares - basic 53,522,089 52,782,663 53,377,032 52,752,884 Weighted average shares - diluted 54,547,494 52,782,663 53,377,032 52,752,884 Basic loss per share $ 0.07 $ 0.00 $ (0.38 ) $ (1.14 ) Diluted loss per share $ 0.07 $ 0.00 $ (0.38 ) $ (1.14 ) |
Note 16 - Segment Reporting (Ta
Note 16 - Segment Reporting (Tables) | 9 Months Ended |
Jul. 31, 2021 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Three Months Ended July 31, Nine Months Ended July 31, (in thousands) 2021 2020 2021 2020 Revenue U.S. Concrete Pumping $ 58,025 $ 58,644 $ 166,509 $ 171,209 U.K. Operations 12,652 9,208 34,285 28,294 U.S. Concrete Waste Management Services 10,122 9,390 27,552 25,978 Corporate 625 625 1,875 1,875 Intersegment (663 ) (736 ) (2,167 ) (2,245 ) Total revenue $ 80,761 $ 77,131 $ 228,054 $ 225,111 Income (loss) before income taxes U.S. Concrete Pumping $ 2,625 $ 497 $ (14,183 ) $ (50,430 ) U.K. Operations 533 (81 ) 305 (16,535 ) U.S. Concrete Waste Management Services 2,458 1,685 4,492 3,149 Corporate 674 (2,316 ) (9,945 ) 1,384 Total income (loss) before income taxes $ 6,290 $ (215 ) $ (19,331 ) $ (62,432 ) Three Months Ended July 31, Nine Months Ended July 31, (in thousands) 2021 2020 2021 2020 EBITDA U.S. Concrete Pumping $ 17,178 $ 17,862 $ 30,419 $ 3,911 U.K. Operations 3,381 2,715 8,794 (8,038 ) U.S. Concrete Waste Management Services 4,837 4,346 11,542 11,149 Corporate 885 (2,109 ) (9,318 ) 2,005 Total EBITDA $ 26,281 $ 22,814 $ 41,437 $ 9,027 Consolidated EBITDA reconciliation Net income (loss) $ 4,638 $ 247 $ (18,505 ) $ (58,603 ) Interest expense, net 6,153 8,364 19,082 26,632 Income tax expense (benefit) 1,652 (462 ) (826 ) (3,829 ) Depreciation and amortization 13,838 14,665 41,686 44,827 Total EBITDA $ 26,281 $ 22,814 $ 41,437 $ 9,027 Three Months Ended July 31, Nine Months Ended July 31, (in thousands) 2021 2020 2021 2020 Depreciation and amortization U.S. Concrete Pumping $ 9,206 $ 9,745 $ 27,885 $ 29,893 U.K. Operations 2,042 2,052 6,124 6,313 U.S. Concrete Waste Management Services 2,379 2,661 7,050 8,000 Corporate 211 207 627 621 Total depreciation and amortization $ 13,838 $ 14,665 $ 41,686 $ 44,827 Interest expense, net U.S. Concrete Pumping $ (5,347 ) $ (7,620 ) $ (16,717 ) $ (24,448 ) U.K. Operations (806 ) (744 ) (2,365 ) (2,184 ) U.S. Concrete Waste Management Services - - - - Corporate - - - - Total interest expense, net $ (6,153 ) $ (8,364 ) $ (19,082 ) $ (26,632 ) Transaction and debt extinguishment costs U.S. Concrete Pumping $ 111 $ - $ 15,705 $ - Total transaction costs including transaction-related debt extinguishment $ 111 $ - $ 15,705 $ - |
Reconciliation of Assets from Segment to Consolidated [Table Text Block] | July 31, October 31, (in thousands) 2021 2020 Total Assets U.S. Concrete Pumping $ 577,398 $ 570,536 U.K. Operations 104,641 109,726 U.S. Concrete Waste Management Services 143,797 140,209 Corporate 26,454 25,517 Intersegment (70,324 ) (72,230 ) Total assets $ 781,966 $ 773,758 |
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] | Three Months Ended July 31, Nine Months Ended July 31, (in thousands) 2021 2020 2021 2020 Revenue by Geography U.S. $ 68,109 $ 67,923 $ 193,769 $ 196,817 U.K. 12,652 9,208 34,285 28,294 Total revenue $ 80,761 $ 77,131 $ 228,054 $ 225,111 July 31, October 31, (in thousands) 2021 2020 Long Lived Assets U.S. $ 267,129 $ 260,693 U.K. 47,461 43,561 Total long lived assets $ 314,590 $ 304,254 |
Note 1 - Organization and Des_2
Note 1 - Organization and Description of Business (Details Textual) $ in Millions | 3 Months Ended | 6 Months Ended | |
Apr. 30, 2020USD ($) | Apr. 30, 2020USD ($) | Jul. 31, 2021 | |
US Concrete Pumping [Member] | |||
Goodwill, Impairment Loss | $ 38.5 | $ 43.5 | |
UK Operations [Member] | |||
Goodwill, Impairment Loss | $ 14.4 | $ 14.4 | |
Brundage-Bone [Member] | |||
Number of Stores | 90 | ||
Number of States in which Entity Operates | 19 | ||
Camfaud [Member] | |||
Number of Stores | 30 | ||
Eco-Pan, Inc. [Member] | |||
Number of Stores | 17 |
Note 2 - Summary of Significa_3
Note 2 - Summary of Significant Accounting Policies (Details Textual) $ in Thousands | 9 Months Ended | |
Jul. 31, 2021USD ($) | Oct. 31, 2020USD ($) | |
Accounts Receivable, Allowance for Credit Loss, Ending Balance | $ 700 | $ 600 |
Inventory Valuation Reserves, Ending Balance | 0 | $ 0 |
Impairment of Long-Lived Assets Held-for-use | $ 0 | |
Supplier Concentration Risk [Member] | Cost of Goods and Service Benchmark [Member] | ||
Number of Vendors | 3 | 3 |
Note 2 - Summary of Significa_4
Note 2 - Summary of Significant Accounting Policies - Property, Plant and Equipment (Details) | 9 Months Ended |
Jul. 31, 2021 | |
Building and Building Improvements [Member] | Minimum [Member] | |
Estimated useful lives (Year) | 15 years |
Building and Building Improvements [Member] | Maximum [Member] | |
Estimated useful lives (Year) | 40 years |
Leaseholds and Leasehold Improvements [Member] | |
Estimated useful lives (Year) | 40 years |
Furniture and Fixtures [Member] | Minimum [Member] | |
Estimated useful lives (Year) | 2 years |
Furniture and Fixtures [Member] | Maximum [Member] | |
Estimated useful lives (Year) | 7 years |
Machinery and Equipment [Member] | Minimum [Member] | |
Estimated useful lives (Year) | 3 years |
Machinery and Equipment [Member] | Maximum [Member] | |
Estimated useful lives (Year) | 25 years |
Transportation Equipment [Member] | Minimum [Member] | |
Estimated useful lives (Year) | 3 years |
Transportation Equipment [Member] | Maximum [Member] | |
Estimated useful lives (Year) | 7 years |
Note 4 - Fair Value Measureme_3
Note 4 - Fair Value Measurement (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | Nov. 30, 2016 | Jul. 31, 2021 | Jul. 31, 2020 | Jan. 31, 2021 | Oct. 31, 2020 | Oct. 31, 2019 | Dec. 06, 2018 |
Payment for Contingent Consideration Liability, Financing Activities | $ 0 | $ 1,161 | |||||
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares) | 1 | ||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 11.50 | $ 11.50 | |||||
Public Warrants [Member] | |||||||
Class of Warrant or Right, Outstanding (in shares) | 13,017,777 | 13,017,777 | |||||
Private Warrants [Member] | |||||||
Class of Warrant or Right, Outstanding (in shares) | 0 | 0 | 0 | ||||
Warrant To Purchase Class A Common Stock [Member] | |||||||
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares) | 1 | ||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 11.50 | ||||||
Class of Warrant or Right, Redemption Price (in dollars per share) | 0.01 | ||||||
Class of Warrant or Right, Redemption, Common Stock Price Trigger (in dollars per share) | $ 18 | ||||||
Class of Warrant or Right, Redemption, Trading Period (Day) | 20 days | ||||||
Class of Warrant or Right, Redemption, Trading Period Maximum (Day) | 30 days | ||||||
Camfaud [Member] | |||||||
Payment for Contingent Consideration Liability, Financing Activities | $ 1,200 | ||||||
Payment for Contingent Consideration Liability, Operating Activities | $ 500 | ||||||
Camfaud [Member] | Earnout Payments [Member] | |||||||
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High | $ 3,100 | ||||||
Earnout Period (Year) | 3 years | ||||||
Business Combination, Contingent Consideration, Liability, Total | $ 1,700 |
Note 4 - Fair Value Measureme_4
Note 4 - Fair Value Measurement - Fair Value of Long-term Debt (Details) - USD ($) $ in Thousands | Jul. 31, 2021 | Oct. 31, 2020 |
Reported Value Measurement [Member] | Term Loan Agreement [Member] | ||
Debt, fair value | $ 0 | $ 381,205 |
Reported Value Measurement [Member] | Senior Secured Notes [Member] | ||
Debt, fair value | 375,000 | 0 |
Reported Value Measurement [Member] | Capital Lease Obligations [Member] | ||
Debt, fair value | 405 | 477 |
Estimate of Fair Value Measurement [Member] | Term Loan Agreement [Member] | ||
Debt, fair value | 0 | 365,003 |
Estimate of Fair Value Measurement [Member] | Senior Secured Notes [Member] | ||
Debt, fair value | 390,938 | 0 |
Estimate of Fair Value Measurement [Member] | Capital Lease Obligations [Member] | ||
Debt, fair value | $ 405 | $ 477 |
Note 5 - Prepaid Expenses and_3
Note 5 - Prepaid Expenses and Other Current Assets - Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands | Jul. 31, 2021 | Oct. 31, 2020 |
Prepaid insurance | $ 3,179 | $ 1,399 |
Prepaid licenses and deposits | 515 | 429 |
Prepaid rent | 301 | 149 |
Other current assets and prepaids | 1,182 | 717 |
Total prepaid expenses and other current assets | $ 5,177 | $ 2,694 |
Note 6 - Property, Plant and _3
Note 6 - Property, Plant and Equipment (Details Textual) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Jul. 31, 2021 | Jul. 31, 2020 | Jul. 31, 2021 | Jul. 31, 2020 | |
Depreciation, Total | $ 7.2 | $ 6.5 | $ 21.2 | $ 19.5 |
Note 6 - Property, Plant and _4
Note 6 - Property, Plant and Equipment - Components of Property, Plant and Equipment (Details) - USD ($) $ in Thousands | Jul. 31, 2021 | Oct. 31, 2020 |
Property, plant and equipment, gross | $ 378,624 | $ 349,153 |
Less accumulated depreciation | (64,034) | (44,899) |
Property, plant and equipment, net | 314,590 | 304,254 |
Land, Buildings and Improvements [Member] | ||
Property, plant and equipment, gross | 26,809 | 26,728 |
Assets Held under Capital Leases [Member] | ||
Property, plant and equipment, gross | 828 | 828 |
Machinery and Equipment [Member] | ||
Property, plant and equipment, gross | 345,364 | 318,029 |
Transportation Equipment [Member] | ||
Property, plant and equipment, gross | 2,859 | 2,338 |
Furniture and Fixtures [Member] | ||
Property, plant and equipment, gross | $ 2,764 | $ 1,230 |
Note 7 - Goodwill and Intangi_3
Note 7 - Goodwill and Intangible Assets (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 9 Months Ended | |||
Jul. 31, 2021 | Jul. 31, 2020 | Apr. 30, 2020 | Apr. 30, 2020 | Jul. 31, 2021 | Jul. 31, 2020 | |
Amortization of Intangible Assets, Total | $ 6,700 | $ 8,100 | $ 20,517 | $ 25,290 | ||
US Concrete Pumping [Member] | ||||||
Reporting Unit, Percentage of Carrying Amount In Excess of Fair Value | 6.90% | 6.90% | ||||
Goodwill, Impairment Loss | $ 38,500 | $ 43,500 | ||||
UK Operations [Member] | ||||||
Reporting Unit, Percentage of Carrying Amount In Excess of Fair Value | 14.80% | 14.80% | ||||
Goodwill, Impairment Loss | $ 14,400 | $ 14,400 | ||||
Brundage-Bone Concrete Pumping, Trade Name [Member] | ||||||
Indefinite-lived Intangible Assets, Carrying Value in Excess of Fair Value, Percent | 11.80% | 11.80% | ||||
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $ 5,000 |
Note 7 - Goodwill and Intangi_4
Note 7 - Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Jul. 31, 2021 | Oct. 31, 2020 | |
Gross carrying value | $ 256,735 | $ 254,717 |
Impairments | (5,000) | (5,000) |
Accumulated amortization | (86,275) | (65,758) |
Foreign currency translation adjustment | (813) | (120) |
Net carrying amount | 114,147 | |
Intangible assets, net | 164,647 | 183,839 |
Customer Relationships [Member] | ||
Gross carrying value | 195,192 | 193,585 |
Impairments | 0 | 0 |
Accumulated amortization | (84,730) | (64,676) |
Foreign currency translation adjustment | (716) | (106) |
Net carrying amount | 109,746 | 128,803 |
Trade Names [Member] | ||
Gross carrying value | 5,843 | 5,432 |
Impairments | 0 | 0 |
Accumulated amortization | (1,453) | (1,020) |
Foreign currency translation adjustment | (97) | (14) |
Net carrying amount | 4,293 | 4,398 |
Trade Names, Indefinite-lived [Member] | ||
Impairments | (5,000) | (5,000) |
Foreign currency translation adjustment | 0 | 0 |
Gross carrying value, indefinite | 55,500 | 55,500 |
Trade name (indefinite life) | 50,500 | 50,500 |
Noncompete Agreements [Member] | ||
Gross carrying value | 200 | 200 |
Impairments | 0 | 0 |
Accumulated amortization | (92) | (62) |
Foreign currency translation adjustment | 0 | 0 |
Net carrying amount | $ 108 | $ 138 |
Note 7 - Goodwill and Intangi_5
Note 7 - Goodwill and Intangible Assets - Intangible Assets Amortization Expense (Details) $ in Thousands | Jul. 31, 2021USD ($) |
2021 (excluding the period from November 1, 2020 to July 31, 2021) | $ 6,503 |
2022 | 21,747 |
2023 | 17,292 |
2024 | 13,892 |
2025 | 11,245 |
Thereafter | 43,468 |
Total | $ 114,147 |
Note 7 - Goodwill and Intangi_6
Note 7 - Goodwill and Intangible Assets - Goodwill by Reportable Segment (Details) $ in Thousands | 9 Months Ended |
Jul. 31, 2021USD ($) | |
Balance | $ 223,154 |
Balance | 225,165 |
Operating Segments [Member] | |
Balance | 223,154 |
Foreign currency translation | 2,011 |
Balance | 225,165 |
US Concrete Pumping [Member] | Operating Segments [Member] | |
Balance | 147,482 |
Foreign currency translation | 0 |
Balance | 147,482 |
UK Concrete Pumping [Member] | Operating Segments [Member] | |
Balance | 26,539 |
Foreign currency translation | 2,011 |
Balance | 28,550 |
US Concrete Waste Management Services [Member] | Operating Segments [Member] | |
Balance | 49,133 |
Foreign currency translation | 0 |
Balance | $ 49,133 |
Note 8 - Long Term Debt and R_3
Note 8 - Long Term Debt and Revolving Lines of Credit (Details Textual) - USD ($) $ in Thousands | Jan. 28, 2021 | Dec. 06, 2018 | Jul. 31, 2021 | Oct. 31, 2020 |
Long-term Debt, Total | $ 368,736 | $ 366,535 | ||
Debt Issuance Costs, Net, Total | 6,264 | $ 16,411 | ||
Term Loan Agreement [Member] | ||||
Debt Instrument, Face Amount | $ 357,000 | |||
Debt Instrument, Interest Rate, Stated Percentage | 5.00% | |||
Proceeds from Issuance of Long-term Debt, Total | $ 60,000 | |||
Gain (Loss) on Extinguishment of Debt, before Write off of Debt Issuance Cost | $ (15,500) | |||
Senior Secured Notes [Member] | ||||
Debt Issuance Costs, Net, Total | 7,000 | |||
Asset Backed Revolving Credit Facility [Member] | ||||
Debt Issuance Costs, Line of Credit Arrangements, Net, Total | 1,500 | |||
Base Rate [Member] | Term Loan Agreement [Member] | ||||
Debt Instrument, Interest Rate, Stated Percentage | 5.00% | |||
Eurodollar [Member] | Term Loan Agreement [Member] | ||||
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | |||
Asset Backed Revolving Credit Facility [Member] | ||||
Line of Credit Facility, Maximum Borrowing Capacity | 125,000 | $ 60,000 | ||
Line of Credit Facility, Additional Borrowing Capacity | $ 75,000 | |||
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage | 0.25% | |||
Long-term Line of Credit, Total | 0 | |||
Asset Backed Revolving Credit Facility [Member] | Minimum [Member] | ||||
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage | 0.25% | |||
Asset Backed Revolving Credit Facility [Member] | Maximum [Member] | ||||
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage | 0.50% | |||
Senior Secured Notes [Member] | ||||
Debt Instrument, Face Amount | $ 375,000 | |||
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | |||
Long-term Debt, Total | $ 375,000 | |||
Standby Letters of Credit [Member] | Asset Backed Revolving Credit Facility [Member] | ||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 7,500 | |||
Other Loan Borrowings [Member] | Asset Backed Revolving Credit Facility [Member] | ||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 7,500 | |||
Other Loan Borrowings [Member] | Asset Backed Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||||
Debt Instrument, Basis Spread on Variable Rate | 2.00% | 2.25% | ||
Other Loan Borrowings [Member] | Asset Backed Revolving Credit Facility [Member] | Base Rate [Member] | ||||
Debt Instrument, Basis Spread on Variable Rate | 1.00% | 1.25% |
Note 8 - Long Term Debt and R_4
Note 8 - Long Term Debt and Revolving Lines of Credit - Long-term Debt (Details) - USD ($) $ in Thousands | Jul. 31, 2021 | Oct. 31, 2020 |
Revolving loan (short term) | $ 0 | $ 1,741 |
Long term portion of term loan | 368,736 | 343,906 |
Total debt, gross | 375,000 | 382,946 |
Less unamortized deferred financing costs offsetting long term debt | (6,264) | (16,411) |
Total debt, net of unamortized deferred financing costs | 368,736 | 366,535 |
Revolving Loan [Member] | Asset Backed Revolving Credit Facility [Member] | ||
Revolving loan (short term) | 0 | 1,741 |
Term Loan [Member] | ||
Short term portion of term loan | 0 | 20,888 |
Long term portion of term loan | 0 | 360,317 |
Senior Secured Notes [Member] | ||
Long term portion of term loan | 375,000 | $ 0 |
Total debt, net of unamortized deferred financing costs | $ 375,000 |
Note 9 - Accrued Payroll and _3
Note 9 - Accrued Payroll and Payroll Expenses - Accrued Payroll and Expenses (Details) - USD ($) $ in Thousands | Jul. 31, 2021 | Oct. 31, 2020 |
Accrued vacation | $ 2,009 | $ 1,667 |
Accrued payroll | 2,616 | 1,507 |
Accrued bonus | 2,871 | 4,752 |
Other accrued | 4,870 | 5,139 |
Total accrued payroll and payroll expenses | $ 12,366 | $ 13,065 |
Note 10 - Accrued Expenses an_3
Note 10 - Accrued Expenses and Other Current Liabilities - Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands | Jul. 31, 2021 | Oct. 31, 2020 |
Accrued insurance | $ 6,865 | $ 7,806 |
Accrued interest | 11,438 | 146 |
Accrued equipment purchases | 1,275 | 4,149 |
Accrued sales and use tax | 423 | 311 |
Accrued property taxes | 749 | 882 |
Accrued professional fees | 1,158 | 1,213 |
Accrued due to related party | 0 | 1,765 |
Other | 1,662 | 2,607 |
Total accrued expenses and other liabilities | $ 23,570 | $ 18,879 |
Note 11 - Income Taxes (Details
Note 11 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Jul. 31, 2021 | Jul. 31, 2020 | Jul. 31, 2021 | Jul. 31, 2020 | Oct. 31, 2020 | |
Income Tax Expense (Benefit), Total | $ 1,652 | $ (462) | $ (826) | $ (3,829) | |
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total | 6,290 | (215) | (19,331) | (62,432) | |
Effective Income Tax Rate Reconciliation, Fair Value Adjustment of Warrants | 11,200 | ||||
Effective Income Tax Rate Reconciliation, Contingent Liability, Amount | 2,000 | 2,000 | |||
Deferred Tax Assets, Net, Total | 67,200 | 67,200 | $ 68,000 | ||
Deferred Tax Assets, Operating Loss Carryforwards, Total | 13,300 | 13,300 | 10,300 | ||
Domestic Tax Authority [Member] | |||||
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount | 1,400 | 1,400 | |||
Foreign Tax Authority [Member] | |||||
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount | $ 900 | $ 900 | |||
Tax Credit Carryforward, Valuation Allowance | $ 100 | $ 100 | $ 100 |
Note 12 - Commitments and Con_2
Note 12 - Commitments and Contingencies (Details Textual) - USD ($) $ in Thousands | Jul. 31, 2021 | Oct. 31, 2020 |
Letters of Credit Outstanding, Amount | $ 2,300 | |
Standby Letters of Credit [Member] | ||
Line of Credit Facility, Maximum Borrowing Capacity | 7,500 | |
Bank Account to Facilitate Administration of Claims [Member] | ||
Restricted Cash, Total | 0 | $ 300 |
Accrued Liabilities and Other Liabilities [Member] | ||
Self-insurance, Accrued Expenses for Claims Incurred But Not Reported and Estimated Losses Reported | 5,600 | 5,400 |
Self-insurance, Accrued Expenses for Health Claims Incurred But Not Reoprted | $ 1,300 | $ 1,900 |
Note 13 - Stockholders' Equity
Note 13 - Stockholders' Equity (Details Textual) - USD ($) $ / shares in Units, $ in Millions | Jun. 06, 2019 | May 14, 2019 | Apr. 29, 2019 | Dec. 06, 2018 | Jul. 31, 2021 | Jan. 31, 2021 | Oct. 31, 2020 |
Common Stock, Shares Authorized (in shares) | 500,000,000 | ||||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.0001 | ||||||
Preferred Stock, Shares Authorized (in shares) | 10,000,000 | ||||||
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.0001 | ||||||
Common Stock, Shares, Issued, Total (in shares) | 28,847,707 | ||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 34,100,000 | ||||||
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares) | 1 | ||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 11.50 | $ 11.50 | |||||
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | 2,450,980 | ||||||
Convertible Preferred Stock, Shares Issued upon Conversion (in shares) | 1 | ||||||
Convertible Preferred Stock, Additional Cumulative Amount, Accrue Annual Rate | 7.00% | ||||||
Convertible Preferred Stock, Convertible, Stock Price Trigger (in dollars per share) | $ 13 | ||||||
Debt Instrument, Consecutive Period (Day) | 30 days | ||||||
Public Offering [Member] | |||||||
Stock Issued During Period, Shares, New Issues (in shares) | 18,098,166 | ||||||
Shares Issued, Price Per Share (in dollars per share) | $ 4.50 | ||||||
Proceeds from Issuance of Common Stock | $ 77.4 | ||||||
Private Warrants [Member] | |||||||
Class of Warrant or Right, Outstanding (in shares) | 0 | 0 | 0 | ||||
Number of Shares Issued in Exchange for Warrants (in shares) | 1,707,175 | ||||||
Class of Warrant or Right, Exchanged During Period (in shares) | 11,100,000 | ||||||
Public Warrants [Member] | |||||||
Class of Warrant or Right, Outstanding (in shares) | 13,017,777 | 13,017,777 | |||||
Number of Shares Issued in Exchange for Warrants (in shares) | 2,101,213 | ||||||
Class of Warrant or Right, Exchanged During Period (in shares) | 9,982,123 | ||||||
Series A Preferred Stock [Member] | |||||||
Preferred Stock, Dividend Rate, Percentage | 0.00% |
Note 14 - Stock-based Compens_3
Note 14 - Stock-based Compensation (Details Textual) $ / shares in Units, $ in Thousands | Dec. 06, 2020shares | Oct. 29, 2020USD ($)$ / sharesshares | Jul. 31, 2021USD ($) | Jul. 31, 2020USD ($) | Jun. 30, 2021$ / shares | Jul. 31, 2021USD ($)$ / sharesshares | Jul. 31, 2020USD ($) | Oct. 31, 2019$ / shares |
Equivalent Vested Options Rolled Forward from Predecessor to Successor (in shares) | shares | 2,783,479 | |||||||
Share-based Payment Arrangement, Plan Modification, Incremental Cost | $ | $ 5,900 | $ 0 | ||||||
Share-based Payment Arrangement, Option, Exercise Price Range, Lower Range Limit (in dollars per share) | $ 0.87 | |||||||
Share-based Payment Arrangement, Option, Exercise Price Range, Upper Range Limit (in dollars per share) | $ 6.09 | |||||||
General and Administrative Expense [Member] | ||||||||
Share-based Payment Arrangement, Expense | $ | $ 1,300 | $ 1,400 | $ 5,300 | $ 4,200 | ||||
Share-based Payment Arrangement, Tranche One [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Price Target (in dollars per share) | $ 13 | |||||||
Share-based Payment Arrangement, Tranche Two [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Price Target (in dollars per share) | 16 | |||||||
Share-based Payment Arrangement, Tranche Three [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Price Target (in dollars per share) | $ 19 | |||||||
Time Based Only [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 5 years | |||||||
Time Based Only [Member] | Minimum [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years | |||||||
Time Based Only [Member] | Maximum [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 5 years | |||||||
The $13 Market/Time- Based [Member] | Closing Price of $13.00 for 30 Consecutive Days [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 33.30% | |||||||
The $16 Market/Time- Based [Member] | Closing Price of $16.00 for 30 Consecutive Days [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 33.30% | |||||||
The $19 Market/Time- Based [Member] | Closing Price of $19.00 for 30 Consecutive Days [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 33.30% | |||||||
The 113 Awards Modified [Member] | ||||||||
Share-based Payment Arrangement, Plan Modification, Number of Grantees Affected | 113 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Exchange Ratio (in shares) | shares | 2 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Exchanged (in shares) | shares | 3,816,450 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued upon Exchange (in shares) | shares | 1,908,165 | |||||||
The 113 Awards Modified [Member] | Share-based Payment Arrangement, Tranche One [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Price Target (in dollars per share) | $ 6 | |||||||
The 113 Awards Modified [Member] | Share-based Payment Arrangement, Tranche Two [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Price Target (in dollars per share) | 8 | |||||||
The 113 Awards Modified [Member] | Share-based Payment Arrangement, Tranche Three [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Price Target (in dollars per share) | $ 10 | |||||||
The 18 Awards Modified [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years | |||||||
Share-based Payment Arrangement, Plan Modification, Number of Grantees Affected | 18 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Modified (in shares) | shares | 1,381,426 | |||||||
The 18 Awards Modified [Member] | Share-based Payment Arrangement, Tranche One [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 46.00% | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Vested (in shares) | shares | 635,455 | |||||||
The 18 Awards Modified [Member] | Vest Ratably 1/3 Each Year on December 6, 2021, 2022 and 2023 [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 15.00% | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Modified (in shares) | shares | 207,215 | |||||||
The 18 Awards Modified [Member] | Vest Based on Reduced Price Vesting Targets of $6.00 per Share, $8.00 per Share or $10.00 per Share [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 39.00% | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Modified (in shares) | shares | 538,756 | |||||||
The $6 Market/Time- Based [Member] | Closing Price of $6.00 for 30 Consecutive Trading Days [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 33.33% | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Price Target (in dollars per share) | $ 6 | |||||||
The $8 Market/Time- Based [Member] | Closing Price of $8.00 for 30 Consecutive Trading Days [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 33.33% | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Price Target (in dollars per share) | $ 8 | |||||||
The $10 Market/Time- Based [Member] | Closing Price of $10.00 for 30 Consecutive Trading Days [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 33.33% | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Price Target (in dollars per share) | $ 10 | |||||||
The 2018 Omnibus Incentive Plan [Member] | UNITED KINGDOM | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance (in dollars per share) | $ 0.01 |
Note 14 - Stock-based Compens_4
Note 14 - Stock-based Compensation - Summary of Awards Granted (Details) | 9 Months Ended | |
Jul. 31, 2021USD ($)$ / sharesshares | ||
Shares Unvested (in shares) | shares | 3,518,097 | |
Unrecognized Compensation Expense | $ | $ 11,038,860 | |
UNITED STATES | Award 1 [Member] | ||
Type of Award | Time Based Only | |
Shares Unvested (in shares) | shares | 862,028 | |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 6.20 | |
Unrecognized Compensation Expense | $ | $ 3,506,409 | |
UNITED STATES | Award 2 [Member] | ||
Type of Award | 6 Market/Time- Based | |
Shares Unvested (in shares) | shares | 150,697 | |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 3.86 | |
Unrecognized Compensation Expense | $ | $ 0 | |
UNITED STATES | Award 3 [Member] | ||
Type of Award | 6 Market/Time- Based | |
Shares Unvested (in shares) | shares | 191,985 | |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 8.65 | |
Unrecognized Compensation Expense | $ | $ 443,476 | |
UNITED STATES | Award 4 [Member] | ||
Type of Award | 6 Market/Time- Based | |
Shares Unvested (in shares) | shares | 191,985 | |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 8.65 | |
Unrecognized Compensation Expense | $ | $ 745,037 | |
UNITED STATES | Award 5 [Member] | ||
Type of Award | 6 Market/Time- Based | |
Shares Unvested (in shares) | shares | 191,997 | |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 8.65 | |
Unrecognized Compensation Expense | $ | $ 923,485 | |
UNITED STATES | Award 6 [Member] | ||
Type of Award | 8 Market/Time- Based | |
Shares Unvested (in shares) | shares | 150,697 | |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 3.46 | |
Unrecognized Compensation Expense | $ | $ 0 | |
UNITED STATES | Award 7 [Member] | ||
Type of Award | 8 Market/Time- Based | [1] |
Shares Unvested (in shares) | shares | 191,986 | [1] |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 7.45 | [1] |
Unrecognized Compensation Expense | $ | $ 543,232 | [1] |
UNITED STATES | Award 8 [Member] | ||
Type of Award | 8 Market/Time- Based | [1] |
Shares Unvested (in shares) | shares | 191,986 | [1] |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 7.45 | [1] |
Unrecognized Compensation Expense | $ | $ 726,916 | [1] |
UNITED STATES | Award 10 [Member] | ||
Type of Award | 8 Market/Time- Based | [1] |
Shares Unvested (in shares) | shares | 191,996 | [1] |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 7.45 | [1] |
Unrecognized Compensation Expense | $ | $ 849,205 | [1] |
UNITED STATES | Award 11 [Member] | ||
Type of Award | 10 Market/Time- Based | |
Shares Unvested (in shares) | shares | 150,706 | |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 3.15 | |
Unrecognized Compensation Expense | $ | $ 0 | |
UNITED STATES | Award 12 [Member] | ||
Type of Award | $10 Market/Time- Based | |
Shares Unvested (in shares) | shares | 191,991 | |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 6.46 | |
Unrecognized Compensation Expense | $ | $ 511,665 | |
UNITED STATES | Award 13 [Member] | ||
Type of Award | $10 Market/Time- Based | |
Shares Unvested (in shares) | shares | 191,987 | |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 6.46 | |
Unrecognized Compensation Expense | $ | $ 656,956 | |
UNITED STATES | Award 14 [Member] | ||
Type of Award | $10 Market/Time- Based | |
Shares Unvested (in shares) | shares | 192,004 | |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 6.46 | |
Unrecognized Compensation Expense | $ | $ 755,069 | |
UNITED STATES | Award 15 [Member] | ||
Type of Award | $13 Market/Time- Based | |
Shares Unvested (in shares) | shares | 433 | |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 4.47 | |
Unrecognized Compensation Expense | $ | $ 613 | |
UNITED STATES | Award 16 [Member] | ||
Type of Award | $13 Market/Time- Based | |
Shares Unvested (in shares) | shares | 433 | |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 4.47 | |
Unrecognized Compensation Expense | $ | $ 912 | |
UNITED STATES | Award 17 [Member] | ||
Type of Award | $13 Market/Time- Based | |
Shares Unvested (in shares) | shares | 434 | |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 4.47 | |
Unrecognized Compensation Expense | $ | $ 1,104 | |
UNITED STATES | Award 18 [Member] | ||
Type of Award | $16 Market/Time- Based | |
Shares Unvested (in shares) | shares | 433 | |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 3.85 | |
Unrecognized Compensation Expense | $ | $ 624 | |
UNITED STATES | Award 19 [Member] | ||
Type of Award | $16 Market/Time- Based | |
Shares Unvested (in shares) | shares | 433 | |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 3.85 | |
Unrecognized Compensation Expense | $ | $ 845 | |
UNITED STATES | Award 20 [Member] | ||
Type of Award | $16 Market/Time- Based | |
Shares Unvested (in shares) | shares | 434 | |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 3.85 | |
Unrecognized Compensation Expense | $ | $ 991 | |
UNITED STATES | Award 21 [Member] | ||
Type of Award | $19 Market/Time- Based | |
Shares Unvested (in shares) | shares | 433 | |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 3.34 | |
Unrecognized Compensation Expense | $ | $ 595 | |
UNITED STATES | Award 22 [Member] | ||
Type of Award | $19 Market/Time- Based | |
Shares Unvested (in shares) | shares | 433 | |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 3.34 | |
Unrecognized Compensation Expense | $ | $ 766 | |
UNITED STATES | Award 23 [Member] | ||
Type of Award | $19 Market/Time- Based | |
Shares Unvested (in shares) | shares | 434 | |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 3.34 | |
Unrecognized Compensation Expense | $ | $ 883 | |
UNITED KINGDOM | Award 24 [Member] | ||
Type of Award | Time Based Only | |
Shares Unvested (in shares) | shares | 134,431 | |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 6.08 | |
Unrecognized Compensation Expense | $ | $ 496,291 | |
UNITED KINGDOM | Award 25 [Member] | ||
Type of Award | $6 Market/Time- Based | |
Shares Unvested (in shares) | shares | 28,885 | |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 3.85 | |
Unrecognized Compensation Expense | $ | $ 0 | |
UNITED KINGDOM | Award 26 [Member] | ||
Type of Award | $6 Market/Time- Based | |
Shares Unvested (in shares) | shares | 27,892 | |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 8.36 | |
Unrecognized Compensation Expense | $ | $ 63,685 | |
UNITED KINGDOM | Award 27 [Member] | ||
Type of Award | $6 Market/Time- Based | |
Shares Unvested (in shares) | shares | 27,892 | |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 8.36 | |
Unrecognized Compensation Expense | $ | $ 105,878 | |
UNITED KINGDOM | Award 28 [Member] | ||
Type of Award | $6 Market/Time- Based | |
Shares Unvested (in shares) | shares | 27,901 | |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 8.36 | |
Unrecognized Compensation Expense | $ | $ 130,820 | |
UNITED KINGDOM | Award 29 [Member] | ||
Type of Award | $8 Market/Time- Based | |
Shares Unvested (in shares) | shares | 28,885 | |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 3.45 | |
Unrecognized Compensation Expense | $ | $ 0 | |
UNITED KINGDOM | Award 30 [Member] | ||
Type of Award | $8 Market/Time- Based | [1] |
Shares Unvested (in shares) | shares | 27,892 | [1] |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 7.20 | [1] |
Unrecognized Compensation Expense | $ | $ 77,475 | [1] |
UNITED KINGDOM | Award 31 [Member] | ||
Type of Award | $8 Market/Time- Based | [1] |
Shares Unvested (in shares) | shares | 27,892 | [1] |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 7.20 | [1] |
Unrecognized Compensation Expense | $ | $ 103,082 | [1] |
UNITED KINGDOM | Award 32 [Member] | ||
Type of Award | $8 Market/Time- Based | [1] |
Shares Unvested (in shares) | shares | 27,901 | [1] |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 7.20 | [1] |
Unrecognized Compensation Expense | $ | $ 120,147 | [1] |
UNITED KINGDOM | Award 33 [Member] | ||
Type of Award | $10 Market/Time- Based | |
Shares Unvested (in shares) | shares | 28,886 | |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 3.14 | |
Unrecognized Compensation Expense | $ | $ 0 | |
UNITED KINGDOM | Award 34 [Member] | ||
Type of Award | $10 Market/Time- Based | |
Shares Unvested (in shares) | shares | 27,902 | |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 6.24 | |
Unrecognized Compensation Expense | $ | $ 72,869 | |
UNITED KINGDOM | Award 35 [Member] | ||
Type of Award | $10 Market/Time- Based | |
Shares Unvested (in shares) | shares | 27,892 | |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 6.24 | |
Unrecognized Compensation Expense | $ | $ 93,069 | |
UNITED KINGDOM | Award 36 [Member] | ||
Type of Award | $10 Market/Time- Based | |
Shares Unvested (in shares) | shares | 27,901 | |
Weighted Average Fair Valu (in dollars per share) | $ / shares | $ 6.24 | |
Unrecognized Compensation Expense | $ | $ 106,761 | |
[1] | The $8.00 market condition price target was achieved on August 23, 2021, and on such date, the remaining unrecognized expense for these awards will be accelerated over the new requisite service period. |
Note 15 - Earnings Per Share (D
Note 15 - Earnings Per Share (Details Textual) - $ / shares shares in Millions | 3 Months Ended | 9 Months Ended | |
Jul. 31, 2021 | Jul. 31, 2021 | Dec. 06, 2018 | |
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 11.50 | $ 11.50 | $ 11.50 |
Warrant [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 13.1 | 13 | |
Restricted Stock [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 3 | ||
Vested Stock Options [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 1.2 | ||
Unvested Stock Options [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 0.5 | ||
Series A Preferred Stocks [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 2.5 | 2.5 |
Note 15 - Earnings Per Share -
Note 15 - Earnings Per Share - Calculation of Basic and Diluted EPS (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||||||
Jul. 31, 2021 | Apr. 30, 2021 | Jan. 31, 2021 | Jul. 31, 2020 | Apr. 30, 2020 | Jan. 31, 2020 | Jul. 31, 2021 | Jul. 31, 2020 | |
Net income (loss) | $ 4,638 | $ (10,853) | $ (12,290) | $ 247 | $ (55,714) | $ (3,137) | $ (18,505) | $ (58,603) |
Less accretion of liquidation preference on preferred stock | (525) | (489) | (1,530) | (1,432) | ||||
Less: Undistributed earnings allocated to participating securities | (221) | 0 | 0 | 0 | ||||
Net income (loss) attributable to common stockholders (numerator for basic earnings per share) | 3,892 | (242) | (20,035) | (60,035) | ||||
Add back: Undistributed earning allocated to participating securities | 221 | 0 | 0 | 0 | ||||
Less: Undistributed earnings reallocated to participating securities | (217) | 0 | 0 | 0 | ||||
Numerator for diluted earnings (loss) per share | $ 3,896 | $ (242) | $ (20,035) | $ (60,035) | ||||
Weighted average shares - basic (in shares) | 53,522,089 | 52,782,663 | 53,377,032 | 52,752,884 | ||||
Weighted average shares - diluted (in shares) | 54,547,494 | 52,782,663 | 53,377,032 | 52,752,884 | ||||
Basic loss per share (in dollars per share) | $ 0.07 | $ 0 | $ (0.38) | $ (1.14) | ||||
Diluted loss per share (in dollars per share) | $ 0.07 | $ 0 | $ (0.38) | $ (1.14) |
Note 16 - Segment Reporting - O
Note 16 - Segment Reporting - Operating Information (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||||
Jul. 31, 2021 | Apr. 30, 2021 | Jan. 31, 2021 | Jul. 31, 2020 | Apr. 30, 2020 | Jan. 31, 2020 | Jul. 31, 2021 | Jul. 31, 2020 | |
Revenue | $ 80,761 | $ 77,131 | $ 228,054 | $ 225,111 | ||||
Income (loss) before income taxes | 6,290 | (215) | (19,331) | (62,432) | ||||
EBITDA | 26,281 | 22,814 | 41,437 | 9,027 | ||||
Net loss | 4,638 | $ (10,853) | $ (12,290) | 247 | $ (55,714) | $ (3,137) | (18,505) | (58,603) |
Interest expense, net | 6,153 | 8,364 | 19,082 | 26,632 | ||||
Income tax expense (benefit) | 1,652 | (462) | (826) | (3,829) | ||||
Depreciation and amortization | 13,838 | 14,665 | 41,686 | 44,827 | ||||
Interest expense, net | (6,153) | (8,364) | (19,082) | (26,632) | ||||
Transaction costs | 111 | 0 | 15,705 | 0 | ||||
Operating Segments [Member] | US Concrete Pumping [Member] | ||||||||
Revenue | 58,025 | 58,644 | 166,509 | 171,209 | ||||
Income (loss) before income taxes | 2,625 | 497 | (14,183) | (50,430) | ||||
EBITDA | 17,178 | 17,862 | 30,419 | 3,911 | ||||
Interest expense, net | 5,347 | 7,620 | 16,717 | 24,448 | ||||
Depreciation and amortization | 9,206 | 9,745 | 27,885 | 29,893 | ||||
Interest expense, net | (5,347) | (7,620) | (16,717) | (24,448) | ||||
Operating Segments [Member] | UK Concrete Pumping [Member] | ||||||||
Revenue | 12,652 | 9,208 | 34,285 | 28,294 | ||||
Income (loss) before income taxes | 533 | (81) | 305 | (16,535) | ||||
EBITDA | 3,381 | 2,715 | 8,794 | (8,038) | ||||
Interest expense, net | 806 | 744 | 2,365 | 2,184 | ||||
Depreciation and amortization | 2,042 | 2,052 | 6,124 | 6,313 | ||||
Interest expense, net | (806) | (744) | (2,365) | (2,184) | ||||
Transaction costs | 111 | 0 | 15,705 | 0 | ||||
Operating Segments [Member] | US Concrete Waste Management Services [Member] | ||||||||
Revenue | 10,122 | 9,390 | 27,552 | 25,978 | ||||
Income (loss) before income taxes | 2,458 | 1,685 | 4,492 | 3,149 | ||||
EBITDA | 4,837 | 4,346 | 11,542 | 11,149 | ||||
Interest expense, net | 0 | 0 | 0 | 0 | ||||
Depreciation and amortization | 2,379 | 2,661 | 7,050 | 8,000 | ||||
Interest expense, net | 0 | 0 | 0 | 0 | ||||
Corporate, Non-Segment [Member] | ||||||||
Revenue | 625 | 625 | 1,875 | 1,875 | ||||
Income (loss) before income taxes | 674 | (2,316) | (9,945) | 1,384 | ||||
EBITDA | 885 | (2,109) | (9,318) | 2,005 | ||||
Interest expense, net | 0 | 0 | 0 | 0 | ||||
Depreciation and amortization | 211 | 207 | 627 | 621 | ||||
Interest expense, net | 0 | 0 | 0 | 0 | ||||
Intersegment Eliminations [Member] | ||||||||
Revenue | $ (663) | $ (736) | $ (2,167) | $ (2,245) |
Note 16 - Segment Reporting - T
Note 16 - Segment Reporting - Total Assets by Segment (Details) - USD ($) $ in Thousands | Jul. 31, 2021 | Oct. 31, 2020 |
Total assets | $ 781,966 | $ 773,758 |
Operating Segments [Member] | US Concrete Pumping [Member] | ||
Total assets | 577,398 | 570,536 |
Operating Segments [Member] | UK Concrete Pumping [Member] | ||
Total assets | 104,641 | 109,726 |
Operating Segments [Member] | US Concrete Waste Management Services [Member] | ||
Total assets | 143,797 | 140,209 |
Corporate, Non-Segment [Member] | ||
Total assets | 26,454 | 25,517 |
Intersegment Eliminations [Member] | ||
Total assets | $ (70,324) | $ (72,230) |
Note 16 - Segment Reporting - R
Note 16 - Segment Reporting - Revenue and Long-Lived Assets by Geographical Areas (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Jul. 31, 2021 | Jul. 31, 2020 | Jul. 31, 2021 | Jul. 31, 2020 | Oct. 31, 2020 | |
Revenue | $ 80,761 | $ 77,131 | $ 228,054 | $ 225,111 | |
Long Lived Assets | 314,590 | 314,590 | $ 304,254 | ||
UNITED STATES | |||||
Revenue | 68,109 | 67,923 | 193,769 | 196,817 | |
Long Lived Assets | 267,129 | 267,129 | 260,693 | ||
UNITED KINGDOM | |||||
Revenue | 12,652 | $ 9,208 | 34,285 | $ 28,294 | |
Long Lived Assets | $ 47,461 | $ 47,461 | $ 43,561 |
Note 17 - Related Party Trans_2
Note 17 - Related Party Transaction (Details Textual) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | 24 Months Ended | |
Jul. 31, 2021 | Jul. 31, 2020 | Oct. 31, 2020 | Oct. 31, 2017 | |
Income Taxes Paid, Net, Total | $ 841 | $ 343 | $ 4,300 | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 34.00% | |||
Effective Income Tax Rate Reconciliation, Net Operating Loss Carryforwards, Amount | $ 4,300 | |||
General and Administrative Expense [Member] | ||||
Settlement of Tax Refunds from Net Operating Loss Carryforwards | $ 2,000 |
Note 18 - Subsequent Events (De
Note 18 - Subsequent Events (Details Textual) $ in Millions | Sep. 01, 2021USD ($) |
Hi-Tech Concrete Pumping Services [Member] | Subsequent Event [Member] | |
Payments to Acquire Businesses, Gross | $ 12.3 |