Concrete Pumping Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Note 9 - Leases (Tables)

12 Months Ended

Oct. 31, 2022

	Classification on the Consolidated Statements of Operations	Year Ended October 31,
(in thousands)		2022
Operating lease expense	Cost of operations	$	5,002
Short-term and variable lease expense	Cost of operations		975
Finance lease expense:
Amortization of right-of-use assets	Cost of operations		22
Interest on lease liability	Interest expense, net		13
Total finance lease expense		$	35
Sublease income	Cost of operations		(106	)
Total lease expense		$	5,906

(in thousands)		*October 31,*
Leases	*Classification on the Consolidated Balance Sheet*	*2022*
Assets:
Operating lease assets	Right-of-use operating lease assets	$	24,833
Finance lease assets	Property, plant and equipment, net		702
Total leased assets			25,535
Current liabilities:
Operating	Operating lease obligations, current portion	$	4,001
Finance	Finance lease obligations, current portion		109
Noncurrent liabilities:
Operating	Operating lease obligations, non-current		20,984
Finance	Finance lease obligations, non-current		169
Total leased liabilities		$	25,263

Weighted-average remaining lease term (years)
Operating leases			6.9
Finance leases			2.6
Weighted-average discount rate
Operating leases			6.0	%
Finance leases			3.7	%

	*Year Ended October 31,*
(in thousands)	*2022*
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	4,798
Operating cash flows from finance leases	$	12
Financing cash flows from finance leases	$	103

	Future Payments
(in thousands)	Operating Leases		Capital Leases
2022	$	3,514	$	115
2023		2,202		118
2024		1,396		120
2025		654		61
2026		491		-
Thereafter		960		-
Total lease payments	$	9,217	$	414
Less: Interest		-		(33	)
Total value of minimum lease payments	$	9,217	$	381