Quarterly report pursuant to Section 13 or 15(d)

Note 17 - Segment Reporting (Tables)

v3.20.1
Note 17 - Segment Reporting (Tables)
 6 Months Ended
Apr. 30, 2020
Notes Tables  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
   
Successor
    
Predecessor
  
(in thousands)
  
Three Months Ended April 30, 2020
    
Three Months Ended April 30, 2019
    
Six Months Ended April 30, 2020
    
December 6, 2018 through April 30, 2019
    
November 1, 2018 through December 5, 2018
  
Revenue
      
 
      
 
      
 
      
 
      
 
U.S. Concrete Pumping   $
57,459
     $
42,548
     $
112,564
     $
66,615
     $
16,659
  
U.K. Operations    
8,401
      
12,689
      
19,086
      
18,504
      
5,143
  
U.S. Concrete Waste Management Services    
8,306
      
6,751
      
16,589
      
10,839
      
2,628
  
Corporate    
625
      
-
      
1,250
      
-
      
242
  
Intersegment    
(750
 )    
-
      
(1,509
 )    
-
      
(276
 )
    $
74,041
     $
61,988
     $
147,980
     $
95,958
     $
24,396
  
                                         
Income (loss) before income taxes
      
 
      
 
      
 
      
 
      
 
U.S. Concrete Pumping   $
(47,054
 )   $
(9,472
 )   $
(50,928
 )   $
(13,896
 )   $
(27,354
 )
U.K. Operations    
(15,446
 )    
899
      
(16,454
 )    
(1,064
 )    
207
  
U.S. Concrete Waste Management Services    
893
      
(123
 )    
1,464
      
(414
 )    
225
  
Corporate    
418
      
623
      
836
      
906
      
155
  
    $
(61,189
 )   $
(8,073
 )   $
(65,082
 )   $
(14,468
 )   $
(26,767
 )
   
Successor
    
Predecessor
  
(in thousands)
  
Three Months Ended April 30, 2020
    
Three Months Ended April 30, 2019
    
Six Months Ended April 30, 2020
    
December 6, 2018 through April 30, 2019
    
November 1, 2018 through December 5, 2018
  
EBITDA
      
 
      
 
      
 
      
 
      
 
U.S. Concrete Pumping   $
(28,814
 )   $
5,812
     $
(13,952
 )   $
11,348
     $
(24,565
 )
U.K. Operations    
(12,712
 )    
4,298
      
(10,753
 )    
4,431
      
1,587
  
U.S. Concrete Waste Management Services    
3,553
      
2,580
      
6,803
      
4,161
      
388
  
Corporate    
625
      
687
      
1,250
      
1,008
      
180
  
    $
(37,348
 )   $
13,377
     $
(16,652
 )   $
20,948
     $
(22,410
 )
                                         
Consolidated EBITDA reconciliation
      
 
      
 
      
 
      
 
      
 
Net loss   $
(58,968
 )   $
(9,645
 )   $
(61,714
 )   $
(13,275
 )   $
(22,575
 )
Interest expense, net    
8,765
      
9,318
      
18,268
      
14,910
      
1,644
  
Income tax benefit    
(2,221
 )    
1,572
      
(3,368
 )    
(1,193
 )    
(4,192
 )
Depreciation and amortization    
15,076
      
12,132
      
30,162
      
20,506
      
2,713
  
EBITDA   $
(37,348
 )   $
13,377
     $
(16,652
 )   $
20,948
     $
(22,410
 )
   
Successor
    
Predecessor
  
(in thousands)
  
Three Months Ended April 30, 2020
    
Three Months Ended April 30, 2019
    
Six Months Ended April 30, 2020
    
December 6, 2018 through April 30, 2019
    
November 1, 2018 through December 5, 2018
  
Depreciation and amortization
      
 
      
 
      
 
      
 
      
 
U.S. Concrete Pumping   $
10,144
     $
6,706
     $
20,148
     $
11,532
     $
1,635
  
U.K. Operations    
2,065
      
2,659
      
4,261
      
4,297
      
890
  
U.S. Concrete Waste Management Services    
2,660
      
2,703
      
5,339
      
4,575
      
163
  
Corporate    
207
      
64
      
414
      
102
      
25
  
    $
15,076
     $
12,132
     $
30,162
     $
20,506
     $
2,713
  
                                         
Interest expense, net
      
 
      
 
      
 
      
 
      
 
U.S. Concrete Pumping   $
(8,096
 )   $
(8,578
 )   $
(16,828
 )   $
(13,712
 )   $
(1,154
 )
U.K. Operations    
(669
 )    
(740
 )    
(1,440
 )    
(1,198
 )    
(490
 )
U.S. Concrete Waste Management Services    
-
      
-
      
-
      
-
      
-
  
Corporate    
-
      
-
      
-
      
-
      
-
  
    $
(8,765
 )   $
(9,318
 )   $
(18,268
 )   $
(14,910
 )   $
(1,644
 )
                                         
Transaction costs including transaction-related debt extinguishment
      
 
      
 
      
 
      
 
      
 
Corporate   $
-
     $
1,282
     $
-
     $
1,282
     $
30,562
  
    $
-
     $
1,282
     $
-
     $
1,282
     $
30,562
  
Reconciliation of Assets from Segment to Consolidated [Table Text Block]
   
April 30,
    
October 31,
  
(in thousands)
  
2020
    
2019
  
Total Assets
      
 
      
 
U.S. Concrete Pumping   $
593,808
     $
637,384
  
U.K. Operations    
127,076
      
138,435
  
U.S. Concrete Waste Management Services    
138,725
      
137,646
  
Corporate    
24,860
      
24,223
  
Intersegment    
(80,297
 )    
(66,323
 )
    $
804,172
     $
871,365
  
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]
   
Successor
    
Predecessor
  
(in thousands)
  
Three Months Ended April 30, 2020
    
Three Months Ended April 30, 2019
    
Six Months Ended April 30, 2020
    
December 6, 2018 through April 30, 2019
    
November 1, 2018 through December 5, 2018
  
Revenues
      
 
      
 
      
 
      
 
      
 
U.S.   $
65,640
     $
49,299
     $
128,894
     $
77,454
     $
19,253
  
U.K.    
8,401
      
12,689
      
19,086
      
18,504
      
5,143
  
    $
74,041
     $
61,988
     $
147,980
     $
95,958
     $
24,396
  
   
April 30,
    
October 31,
  
(in thousands)
  
2020
    
2019
  
Long Lived Assets
      
 
      
 
U.S.   $
265,430
     $
263,363
  
U.K.    
41,683
      
44,052
  
    $
307,113
     $
307,415