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

Note 5 - Property, Plant and Equipment

6 Months Ended

Apr. 30, 2024

Note 5. Property, Plant and Equipment

The significant components of property, plant and equipment as of April 30, 2024 and October 31, 2023 are comprised of the following:

	*As of April 30,*			*As of October 31,*
(in thousands)	*2024*			*2023*
Land, building and improvements	$	32,440		$	29,338
Finance leases—land and buildings		-			828
Machinery and equipment		530,255			517,514
Transportation equipment		10,311			9,306
Furniture and office equipment		3,913			3,817
Property, plant and equipment, gross		576,919			560,803
Less accumulated depreciation		(150,035	)		(133,155	)
Property, plant and equipment, net	$	426,884		$	427,648

For the three and six months ended April 30, 2024 and 2023, depreciation expense is as follows:

	*Three Months Ended April 30,*				*Six Months Ended April 30,*
(in thousands)	*2024*		*2023*		*2024*		*2023*
Cost of operations	$	9,784	$	9,261	$	19,397	$	18,322
General and administrative expenses		579		608		1,168		1,201
Total depreciation expense	$	10,363	$	9,869	$	20,565	$	19,523