Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited)

v3.23.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jul. 31, 2023
Oct. 31, 2022
Current assets:    
Cash and cash equivalents $ 11,532 $ 7,482
Trade receivables, net of allowance for doubtful accounts of $887 and $941, respectively 67,201 62,882
Inventory, net 6,672 5,532
Income taxes receivable 0 485
Prepaid expenses and other current assets 12,496 5,175
Total current assets 97,901 81,556
Property, plant and equipment, net 427,084 419,377
Intangible assets, net 125,363 137,754
Goodwill 222,998 220,245
Right-of-use operating lease assets 25,487 24,833
Other non-current assets 13,295 2,026
Deferred financing costs 1,878 1,698
Total assets 914,006 887,489
Current liabilities:    
Revolving loan 35,699 52,133
Operating lease obligations, current portion 4,649 4,001
Finance lease obligations, current portion 114 109
Accounts payable 7,247 8,362
Accrued payroll and payroll expenses 15,190 13,341
Accrued expenses and other current liabilities 36,254 32,156
Income taxes payable 737 178
Warrant liability, current portion 391 0
Total current liabilities 100,281 110,280
Long term debt, net of discount for deferred financing costs 371,520 370,476
Operating lease obligations, non-current 21,177 20,984
Finance lease obligations, non-current 82 169
Deferred income taxes 79,360 74,223
Other liabilities, non-current 12,836 0
Warrant liability, non-current 0 7,030
Total liabilities 585,256 583,162
Commitments and contingencies (Note 13)
Zero-dividend convertible perpetual preferred stock, $0.0001 par value, 2,450,980 shares issued and outstanding as of July 31, 2023 and October 31, 2022 25,000 25,000
Stockholders' equity    
Common stock, $0.0001 par value, 500,000,000 shares authorized, 54,806,913 and 56,226,191 issued and outstanding as of July 31, 2023 and October 31, 2022, respectively 6 6
Additional paid-in capital 382,533 379,395
Treasury stock (14,288) (4,609)
Accumulated other comprehensive loss (663) (9,228)
Accumulated deficit (63,838) (86,237)
Total stockholders' equity 303,750 279,327
Total liabilities and stockholders' equity $ 914,006 $ 887,489