Note 18 - Related Party Transaction |
6 Months Ended |
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Apr. 30, 2019 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] |
Note 18. Related Party TransactionPredecessor The Predecessor had a Management Services Agreement, as amended from time to time, with PGP Advisors, LLC (PGP), an affiliate of the Sponsor, to provide advisory, consulting and other professional services. Under terms of the agreement, the annual fee for these services were
$4.0 million from September of 2017 through August of 2019, and $2.0 million annually thereafter. For the three and six -month periods ended April 30, 2018 and in the period from November 1, 2018 through December 5, 2018, the Predecessor incurred $1.2 million, $2.3 million and $0.0 million, respectively, related to this agreement and other agreed upon expenses, which is included in general and administrative expenses on the accompanying consolidated statements of income. In conjunction with the Business Combination, this agreement was terminated. |
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- References No definition available.
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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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