Note 15 - Stock-based Compensation
|3 Months Ended|
Jan. 31, 2019
|Notes to Financial Statements|
|Disclosure of Compensation Related Costs, Share-based Payments [Text Block]||
The Predecessor accounted for share-based awards in accordance with ASC Topic
718”), which requires the fair value of stock-based compensation awards to be amortized as an expense over the vesting period. Stock-based compensation awards are valued at fair value on the date of grant. As a result of the Business Combination, all unvested awards were immediately vested, resulting in an amount of
$0.6million of stock-based compensation expense presented “on the line” (see Business Combination footnote). Stock-based compensation for the Predecessor period from
November 1, 2018to
December 5, 2018totaled
$0.1million, and has been included in general and administrative expenses on the accompanying consolidated statements of income.
The Company rolled forward certain vested options from the Predecessor to
2,783,479equivalent vested options in the Successor.
Noincremental compensation costs were recognized on conversion as the fair value of the options issued were equivalent to the fair value of the vested options of the Predecessor. As of
January 31, 2019,
noshare-based awards have been granted by the Successor and therefore,
noexpense has been recorded.
The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef