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

Note 6 - Property, Plant and Equipment

6 Months Ended

Apr. 30, 2023

Note 6. Property, Plant and Equipment

The significant components of property, plant and equipment as of April 30, 2023 and October 31, 2022 are comprised of the following:

	*As of April 30,*			*As of October 31,*
(in thousands)	*2023*			*2022*
Land, building and improvements	$	28,964		$	28,528
Finance leases—land and buildings		828			828
Machinery and equipment		504,606			478,162
Transportation equipment		8,309			7,133
Furniture and office equipment		3,837			3,870
Property, plant and equipment, gross		546,544			518,521
Less accumulated depreciation		(117,390	)		(99,144	)
Property, plant and equipment, net	$	429,154		$	419,377

Depreciation expense for the three and six months ended April 30, 2023 and 2022 is as follows:

	Three Months Ended April 30,				Six Months Ended April 30,
(in thousands)	2023		2022		2023		2022
Cost of operations	$	9,261	$	7,904	$	18,322	$	15,675
General and administrative expenses		608		598		1,201		1,168
Total depreciation expense	$	9,869	$	8,502	$	19,523	$	16,843