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

Note 6 - Property, Plant and Equipment

9 Months Ended

Jul. 31, 2023

Note 6. Property, Plant and Equipment

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

	*As of July 31,*			*As of October 31,*
(in thousands)	*2023*			*2022*
Land, building and improvements	$	29,357		$	28,528
Finance leases—land and buildings		828			828
Machinery and equipment		510,321			478,162
Transportation equipment		8,742			7,133
Furniture and office equipment		3,811			3,870
Property, plant and equipment, gross		553,059			518,521
Less accumulated depreciation		(125,975	)		(99,144	)
Property, plant and equipment, net	$	427,084		$	419,377

Depreciation expense for the three and nine months ended July 31, 2023 and 2022 is as follows:

	*Three Months Ended July 31,*				*Nine Months Ended July 31,*
(in thousands)	*2023*		*2022*		*2023*		*2022*
Cost of operations	$	9,396	$	8,164	$	27,718	$	23,839
General and administrative expenses		622		540		1,823		1,708
Total depreciation expense	$	10,018	$	8,704	$	29,541	$	25,547