Note 7 - Property, Plant and Equipment
 3 Months Ended
Jan. 31, 2022
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

Note 7. Property, Plant and Equipment

 

The significant components of property, plant and equipment at  January 31, 2022 and at  October 31, 2021 are comprised of the following:

 

  

January 31,

  

October 31,

 

(in thousands)

 

2022

  

2021

 

Land, building and improvements

 $27,082  $27,062 

Capital leases—land and buildings

  828   828 

Machinery and equipment

  400,143   374,034 

Transportation equipment

  3,945   2,935 

Furniture and office equipment

  3,018   2,880 

Property, plant and equipment, gross

  435,016   407,739 

Less accumulated depreciation

  (77,345)  (69,968)

Property, plant and equipment, net

 $357,671  $337,771 

 

Depreciation expense for the three-month periods ended January 31, 2022 and 2021 was $8.3 million and $6.9 million, respectively. Depreciation expense related to revenue producing machinery and equipment is recorded in cost of operations and an immaterial amount of depreciation expense related to the Company's capital leases and furniture and fixtures is included in general and administrative expenses in the consolidated statements of operations.