| Property, Plant and Equipment Disclosure [Text Block] |
Note 7. Property, Plant and Equipment
The significant components of property, plant and equipment as of October 31, 2023 and 2022 are comprised of the following:
| |
|
As of October 31, |
|
|
As of October 31, |
|
| (in thousands) |
|
2023 |
|
|
2022 |
|
| Land, building and improvements |
|
$ |
29,338 |
|
|
$ |
28,528 |
|
| Finance leases—land and buildings |
|
|
828 |
|
|
|
828 |
|
| Machinery and equipment |
|
|
517,514 |
|
|
|
478,162 |
|
| Transportation equipment |
|
|
9,306 |
|
|
|
7,133 |
|
| Furniture and office equipment |
|
|
3,817 |
|
|
|
3,870 |
|
| Property, plant and equipment, gross |
|
|
560,803 |
|
|
|
518,521 |
|
| Less accumulated depreciation |
|
|
(133,155 |
) |
|
|
(99,144 |
) |
| Property, plant and equipment, net |
|
$ |
427,648 |
|
|
$ |
419,377 |
|
Depreciation expense for the years ended October 31, 2023 and 2022 is as follows:
| |
|
Year Ended October 31, |
|
| (in thousands) |
|
2023 |
|
|
2022 |
|
| Cost of operations |
|
$ |
37,336 |
|
|
$ |
32,608 |
|
| General and administrative expenses |
|
|
2,420 |
|
|
|
2,326 |
|
| Total depreciation expense |
|
$ |
39,756 |
|
|
$ |
34,934 |
|
|