Note 4 - Goodwill and Intangible Assets

3 Months Ended

Jan. 31, 2026

Goodwill and Intangible Assets Disclosure [Text Block]

Note 4. Goodwill and Intangible Assets

The Company has recognized goodwill and certain intangible assets in connection with prior business combinations.

There were no triggering events during the three months ended January 31, 2026. The Company will continue to evaluate its goodwill and intangible assets in future quarters.

The following table summarizes the composition of intangible assets as of January 31, 2026 and October 31, 2025:

	As of January 31,
	2026
	Weighted Average		Gross								Foreign Currency		Net
	Remaining Life		Carrying		Accumulated			Accumulated			Translation		Carrying
(in thousands)	(in Years)		Value		Impairment			Amortization			Adjustment		Amount
*Intangibles subject to amortization:*
Customer relationship		7.9	$	195,126	$	-		$	(157,377	)	$	1,479	$	39,228
Trade name		2.8		5,097		-			(3,872	)		417		1,642
Assembled workforce		0.1		1,650		-			(1,644	)		-		6
Noncompete agreements		1.7		1,200		-			(863	)		-		337
*Indefinite-lived intangible assets:*
Trade names (indefinite life)		-		55,500		(5,000	)		-			-		50,500
Total intangibles			$	258,573	$	(5,000	)	$	(163,756	)	$	1,896	$	91,713

	*As of October 31,*
	*2025*
	*Weighted Average*		*Gross*								*Foreign Currency*		*Net*
	*Remaining Life*		*Carrying*		*Accumulated*			*Accumulated*			*Translation*		*Carrying*
(in thousands)	*(in Years)*		*Value*		*Impairment*			*Amortization*			*Adjustment*		*Amount*
*Intangibles subject to amortization:*
Customer relationship		8.1	$	195,126	$	-		$	(155,113	)	$	1,302	$	41,315
Trade name		3.1		5,097		-			(3,731	)		343		1,709
Assembled workforce		0.3		1,650		-			(1,628	)		-		22
Noncompete agreements		2.0		1,200		-			(813	)		-		387
*Indefinite-lived intangible assets:*
Trade names (indefinite life)		-		55,500		(5,000	)		-			-		50,500
Total intangibles			$	258,573	$	(5,000	)	$	(161,285	)	$	1,645	$	93,933

Amortization expense for the three months ended January 31, 2026 and 2025 was $2.5 million and $3.0 million, respectively.

The changes in the carrying value of goodwill by reportable segment for the three months ended January 31, 2026 are as follows:

(in thousands)	*U.S. Concrete Pumping*		*U.K. Operations*		*U.S. Concrete Waste Management Services*		*Total*
Balance as of October 31, 2025	$	147,482	$	26,966	$	49,133	$	223,581
Foreign currency translation		-		1,207		-		1,207
Balance as of January 31, 2026	$	147,482	$	28,173	$	49,133	$	224,788