Annual report pursuant to Section 13 and 15(d)

Note 18 - Segment Reporting (Tables)

v3.21.1
Note 18 - Segment Reporting (Tables)
12 Months Ended
Oct. 31, 2020
Notes Tables  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
      (As Restated)        
   

Successor

   

Predecessor

 

(in thousands)

  Year Ended October 31, 2020     December 6, 2018 through October 31, 2019     November 1, 2018 through December 5, 2018  

Revenue

                       

U.S. Concrete Pumping

  $ 229,740     $ 187,031     $ 16,659  

U.K. Operations

    39,145       44,021       5,143  

U.S. Concrete Waste Management Services

    35,890       27,779       2,628  

Corporate

    2,500       2,258       242  

Intersegment

    (2,974 )     (2,524 )     (276 )
    $ 304,301     $ 258,565     $ 24,396  
                         

Income (loss) before income taxes

                       

U.S. Concrete Pumping

  $ (56,095 )   $ (17,689 )   $ (27,354 )

U.K. Operations

    (16,540 )     1,661       207  

U.S. Concrete Waste Management Services

    4,997       965       225  

Corporate

    1,410       (4,643 )     155  
    $ (66,228 )   $ (19,706 )   $ (26,767 )
      (As Restated)        
   

Successor

   

Predecessor

 

(in thousands)

 

Year Ended October 31, 2020

   

December 6, 2018 through October 31, 2019

   

November 1, 2018 through December 5, 2018

 

EBITDA

                       

U.S. Concrete Pumping

  $ 17,074  

1

$ 46,729     $ (24,565 )

U.K. Operations

    (5,163 )

1

  13,173       1,587  

U.S. Concrete Waste Management Services

    15,684       11,838       388  

Corporate

    2,240       (3,914 )     180  
    $ 29,835     $ 67,826     $ (22,410 )
                         

Consolidated EBITDA reconciliation

                       

Net loss

  $ (61,251 )   $ (16,403 )   $ (22,575 )

Interest expense, net

    34,408       34,880       1,644  

Income tax benefit

    (4,977 )     (3,303 )     (4,192 )

Depreciation and amortization

    61,655       52,652       2,713  

EBITDA

  $ 29,835     $ 67,826     $ (22,410 )
   

Successor

   

Predecessor

 

(in thousands)

  Year Ended October 31, 2020     December 6, 2018 through October 31, 2019     November 1, 2018 through December 5, 2018  

Depreciation and amortization

                       

U.S. Concrete Pumping

  $ 41,717     $ 32,245     $ 1,635  

U.K. Operations

    8,422       8,807       890  

U.S. Concrete Waste Management Services

    10,687       10,871       163  

Corporate

    829       729       25  
    $ 61,655     $ 52,652     $ 2,713  
                         

Interest expense, net

                       

U.S. Concrete Pumping

  $ (31,452 )   $ (32,173 )   $ (1,154 )

U.K. Operations

    (2,955 )     (2,705 )     (490 )

U.S. Concrete Waste Management Services

    -       (2 )     -  

Corporate

    (1 )     -       -  
    $ (34,408 )   $ (34,880 )   $ (1,644 )
                         

Transaction costs including transaction-related debt extinguishment

                       

U.S. Concrete Pumping

  $ -     $ 1,521     $ -  

Corporate

    -       -       30,562  
    $ -     $ 1,521     $ 30,562  
Reconciliation of Assets from Segment to Consolidated [Table Text Block]
   

October 31,

   

October 31,

 

(in thousands)

 

2020

   

2019

 

Total Assets

               

U.S. Concrete Pumping

  $ 570,536     $ 637,384  

U.K. Operations

    109,726       138,435  

U.S. Concrete Waste Management Services

    140,209       137,646  

Corporate

    25,517       24,223  

Intersegment

    (72,230 )     (66,323 )
    $ 773,758     $ 871,365  
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]
   

Successor

   

Predecessor

 

(in thousands)

  Year Ended October 31, 2020     December 6, 2018 through October 31, 2019     November 1, 2018 through December 5, 2018  

Revenues

                       

U.S.

  $ 265,156     $ 214,544     $ 19,253  

U.K.

    39,145       44,021       5,143  
    $ 304,301     $ 258,565     $ 24,396  
   

October 31,

   

October 31,

 

(in thousands)

 

2020

   

2019

 

Long Lived Assets

               

U.S.

  $ 260,693     $ 263,363  

U.K.

    43,561       44,052  
    $ 304,254     $ 307,415