Concrete Pumping Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Property, Plant and Equipment

Note 6 - Property, Plant and Equipment

9 Months Ended

Jul. 31, 2021

Property, Plant and Equipment Disclosure [Text Block]

Note 6. Property, Plant and Equipment

The significant components of property, plant and equipment at July 31, 2021 and at October 31, 2020 are comprised of the following:

	*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 and nine month periods ended July 31, 2021 was $7.2 million and $21.2 million, respectively. Depreciation expense for the three and nine month periods ended July 31, 2020 was $6.5 million and $19.5 million, respectively. Depreciation expense related to revenue producing machinery and equipment is recorded in cost of operations and an immaterial amount of depreciation expense related to our capital leases and furniture and fixtures is included in general and administrative expenses.