2021 Q4 Form 10-K Financial Statement

#000143774922000815 Filed on January 12, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $87.75M $315.8M $79.19M
YoY Change 10.81% 3.78% -5.67%
Cost Of Revenue $50.41M $178.1M $43.70M
YoY Change 15.34% 6.64% -3.15%
Gross Profit $37.35M $137.7M $35.49M
YoY Change 5.24% 0.31% -8.63%
Gross Profit Margin 42.56% 43.61% 44.82%
Selling, General & Admin $25.56M $99.37M $31.15M
YoY Change -17.96% -10.56% 10.38%
% of Gross Profit 68.43% 72.15% 87.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.22M $28.80M $16.82M
YoY Change -15.46% 1.88% 3.32%
% of Gross Profit 38.07% 20.91% 47.39%
Operating Expenses $25.56M $99.37M $31.15M
YoY Change -17.96% -10.56% 10.38%
Operating Profit $11.79M $38.05M $4.340M
YoY Change 171.71% -219.91% -59.13%
Interest Expense -$6.108M $25.19M -$7.780M
YoY Change -21.49% -26.79% -23.2%
% of Operating Profit -51.8% 66.21% -179.26%
Other Income/Expense, Net $1.333M $117.0K $30.00K
YoY Change 4343.33% -30.77% -400.0%
Pretax Income $6.900M -$12.43M -$3.410M
YoY Change -302.35% -81.23% -931.71%
Income Tax $3.468M $2.642M -$1.150M
% Of Pretax Income 50.26%
Net Earnings $3.432M -$15.07M -$2.260M
YoY Change -251.86% -75.39% -476.67%
Net Earnings / Revenue 3.91% -4.77% -2.85%
Basic Earnings Per Share -$0.31
Diluted Earnings Per Share $64.12K -$0.31 -$42.84K
COMMON SHARES
Basic Shares Outstanding 53.41M
Diluted Shares Outstanding 53.41M

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.298M $9.298M $6.700M
YoY Change 38.78% 38.78% -10.67%
Cash & Equivalents $9.298M $9.298M $6.736M
Short-Term Investments
Other Short-Term Assets $4.110M $4.110M $2.700M
YoY Change 52.22% 52.22% -20.59%
Inventory $4.902M $4.902M $4.630M
Prepaid Expenses $4.110M $2.694M
Receivables $49.03M $49.03M $44.34M
Other Receivables $275.0K $275.0K $1.600M
Total Short-Term Assets $67.62M $67.62M $60.01M
YoY Change 12.69% 12.7% -4.39%
LONG-TERM ASSETS
Property, Plant & Equipment $337.8M $337.8M $304.3M
YoY Change 11.02% 11.0% -1.03%
Goodwill $224.7M $223.2M
YoY Change 0.69% -19.17%
Intangibles $158.5M $183.8M
YoY Change -13.76% -17.3%
Long-Term Investments
YoY Change
Other Assets $2.168M $4.036M $1.753M
YoY Change 23.67% 61.44% -3.31%
Total Long-Term Assets $725.0M $725.0M $713.8M
YoY Change 1.58% 1.58% -11.73%
TOTAL ASSETS
Total Short-Term Assets $67.62M $67.62M $60.01M
Total Long-Term Assets $725.0M $725.0M $713.8M
Total Assets $792.7M $792.7M $773.8M
YoY Change 2.44% 2.44% -11.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.71M $10.71M $6.587M
YoY Change 62.53% 62.21% -11.08%
Accrued Expenses $36.17M $36.17M $31.90M
YoY Change 13.37% 13.37% -14.48%
Deferred Revenue
YoY Change
Short-Term Debt $990.0K $990.0K $1.700M
YoY Change -41.76% -41.76% -92.8%
Long-Term Debt Due $103.0K $103.0K $21.00M
YoY Change -99.51% -99.51% 0.0%
Total Short-Term Liabilities $48.24M $48.24M $62.31M
YoY Change -22.58% -22.57% -32.33%
LONG-TERM LIABILITIES
Long-Term Debt $369.1M $369.4M $343.9M
YoY Change 7.32% 7.28% -4.72%
Other Long-Term Liabilities $16.92M $16.92M
YoY Change
Total Long-Term Liabilities $369.1M $386.3M $343.9M
YoY Change 7.32% 12.19% -4.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $48.24M $48.24M $62.31M
Total Long-Term Liabilities $369.1M $386.3M $343.9M
Total Liabilities $505.1M $505.1M $481.6M
YoY Change 4.87% 6.42% -7.83%
SHAREHOLDERS EQUITY
Retained Earnings -$114.9M -$99.84M
YoY Change 15.1% 282.81%
Common Stock $6.000K $6.000K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $461.0K $131.0K
YoY Change 251.91%
Treasury Stock Shares
Shareholders Equity $262.6M $287.6M $267.1M
YoY Change
Total Liabilities & Shareholders Equity $792.7M $792.7M $773.8M
YoY Change 2.44% 2.44% -11.2%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $3.432M -$15.07M -$2.260M
YoY Change -251.86% -75.39% -476.67%
Depreciation, Depletion And Amortization $14.22M $28.80M $16.82M
YoY Change -15.46% 1.88% 3.32%
Cash From Operating Activities $15.49M $75.84M $25.49M
YoY Change -39.23% -3.97% 19.39%
INVESTING ACTIVITIES
Capital Expenditures -$28.98M $62.79M -$2.680M
YoY Change 981.49% 59.62% -55.63%
Acquisitions
YoY Change
Other Investing Activities $1.907M $6.977M -$2.900M
YoY Change -165.76% 99.91% -289.54%
Cash From Investing Activities -$27.08M -$56.57M -$5.580M
YoY Change 385.25% 57.77% 23.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $330.0K
YoY Change 151.91%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 970.0K -$15.95M -16.16M
YoY Change -106.0% -63.68% 6.04%
NET CHANGE
Cash From Operating Activities 15.49M $75.84M 25.49M
Cash From Investing Activities -27.08M -$56.57M -5.580M
Cash From Financing Activities 970.0K -$15.95M -16.16M
Net Change In Cash -10.62M $2.562M 3.750M
YoY Change -383.09% -447.63% 134.37%
FREE CASH FLOW
Cash From Operating Activities $15.49M $75.84M $25.49M
Capital Expenditures -$28.98M $62.79M -$2.680M
Free Cash Flow $44.47M $13.04M $28.17M
YoY Change 57.88% -67.09% 2.85%

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CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4172000 USD
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1597000 USD
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
200000 USD
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-624000 USD
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1771000 USD
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1651000 USD
CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
497000 USD
CY2020 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-998000 USD
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3972000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-796000 USD
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
977000 USD
CY2020 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
5791000 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
75835000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
78970000 USD
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
62792000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
39339000 USD
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
6977000 USD
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3486000 USD
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
750000 USD
CY2020 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
-0 USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-56565000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-35853000 USD
CY2021 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
375000000 USD
CY2020 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
0 USD
CY2021 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
381206000 USD
CY2020 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
20888000 USD
CY2021 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
280034000 USD
CY2020 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
285861000 USD
CY2021 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
280891000 USD
CY2020 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
307518000 USD
CY2021 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
8464000 USD
CY2020 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
-0 USD
CY2021 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
97000 USD
CY2020 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
91000 USD
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
330000 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
131000 USD
CY2021 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
-0 USD
CY2020 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1161000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-15954000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-43928000 USD
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-754000 USD
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
74000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2562000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-737000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6736000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7473000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
9298000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6736000 USD
CY2021 us-gaap Interest Paid Net
InterestPaidNet
17371000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
33100000 USD
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
994000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3352000 USD
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
7135000 USD
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4149000 USD
CY2021 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;"><b><i>Revision of Previously Issued Consolidated Financial Statements</i></b></p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify; text-indent: 36pt;">On <em style="font: inherit;"> April 12, 2021, </em>the SEC released a public statement (the “SEC Statement”) informing market participants that warrants issued by special purpose acquisition companies (“SPACs”) <em style="font: inherit;"> may </em>require classification as a liability measured at fair value, with changes in fair value each period reported in earnings. The SEC Statement discussed certain features of warrants issued in SPAC transactions that <em style="font: inherit;"> may </em>be common across many entities. The SEC Statement indicated that when <em style="font: inherit;">one</em> or more of such features is included in a warrant, the warrant should be classified as a liability at fair value, with changes in fair value each period reported in earnings. The Company previously classified its publicly traded warrants (the “public warrants”) and private placement warrants (the “private warrants”) (collectively the “Warrants”), which were issued in <em style="font: inherit;"> August </em>of <em style="font: inherit;">2017,</em> as equity. Following consideration of the guidance in the SEC Statement, the Company concluded that its Warrants should have been classified as liabilities and measured at fair value, with changes in fair value each period reported in earnings. As such, the Company previously restated its (<em style="font: inherit;">1</em>) consolidated financial statements as of <em style="font: inherit;"> October 31, 2019 </em>and for the Successor period from <em style="font: inherit;"> December 6, 2018 </em>through <em style="font: inherit;"> October 31, 2019 </em>and (<em style="font: inherit;">2</em>) unaudited consolidated interim financial statements for the periods ended <em style="font: inherit;"> July 31, 2019, </em><em style="font: inherit;"> April 30, 2019, </em>and <em style="font: inherit;"> January 31, 2019. </em>Also, while <em style="font: inherit;">not</em> material and therefore <em style="font: inherit;">not</em> being restated, the Company revised its (<em style="font: inherit;">1</em>) consolidated financial statements as of and for the fiscal year ended <em style="font: inherit;"> October 31, 2020 </em>and (<em style="font: inherit;">2</em>) the unaudited consolidated interim financial statements for the periods ended <em style="font: inherit;"> July 31, 2020, </em><em style="font: inherit;"> April 30, 2020, </em>and <em style="font: inherit;"> January 31, 2020 </em>to correct the accounting for its Warrants. The restatements/revisions had <em style="font: inherit;">no</em> impact on the Company’s net revenue, operating income, liquidity, cash and cash equivalents, or cash flows from operating, investing and financing activities.</p>
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;"><i><b>Use of estimates </b></i></p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify; text-indent: 36pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify; text-indent: 36pt;">Significant estimates include the liability for incurred but unreported claims under various partially self-insured polices, allowance for doubtful accounts, goodwill impairment analysis, valuation of share-based compensation and accounting for business combinations. Actual results <em style="font: inherit;"> may </em>differ from those estimates, and such differences <em style="font: inherit;"> may </em>be material to the Company’s consolidated financial statements.</p>
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
700000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
600000 USD
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;"><i><b>Concentrations</b></i></p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify; text-indent: 36pt;">As of <em style="font: inherit;"> October 31, 2021</em> there were <span style="-sec-ix-hidden:c80011785">three</span> primary vendors that the Company relied upon to purchase concrete pumping boom equipment. However, should the need arise, there are alternate vendors who can provide concrete pumping boom equipment.</p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:justify;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify; text-indent: 36pt;">Cash balances held at financial institutions <em style="font: inherit;"> may, </em>at times, be in excess of federally insured limits. The Company places its temporary cash balances in high-credit quality financial institutions.</p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:justify;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify; text-indent: 36pt;">The Company’s customer base is dispersed across the U.S. and U.K. The Company performs ongoing evaluations of its customers’ financial condition and requires <em style="font: inherit;">no</em> collateral to support credit sales. During the periods described above, <em style="font: inherit;">no</em> customer represented <em style="font: inherit;">10</em> percent or more of sales or trade receivables.</p>
CY2021Q4 us-gaap Prepaid Insurance
PrepaidInsurance
949000 USD
CY2020Q4 us-gaap Prepaid Insurance
PrepaidInsurance
1399000 USD
CY2021Q4 bbcp Prepaid Licenses And Deposits
PrepaidLicensesAndDeposits
360000 USD
CY2020Q4 bbcp Prepaid Licenses And Deposits
PrepaidLicensesAndDeposits
429000 USD
CY2021Q4 us-gaap Prepaid Rent
PrepaidRent
331000 USD
CY2020Q4 us-gaap Prepaid Rent
PrepaidRent
149000 USD
CY2021Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
2470000 USD
CY2020Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
717000 USD
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4110000 USD
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2694000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
407739000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
349153000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
69968000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
44899000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
337771000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
304254000 USD
CY2021 us-gaap Depreciation
Depreciation
28800000 USD
CY2020 us-gaap Depreciation
Depreciation
28300000 USD
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
257018000 USD
CY2021Q4 bbcp Impairment Of Intangible Assets Accumulated Impairment
ImpairmentOfIntangibleAssetsAccumulatedImpairment
5000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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92869000 USD
CY2021 us-gaap Finite Lived Intangible Assets Translation And Purchase Accounting Adjustments
FiniteLivedIntangibleAssetsTranslationAndPurchaseAccountingAdjustments
-610000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
158539000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
254717000 USD
CY2020Q4 bbcp Impairment Of Intangible Assets Accumulated Impairment
ImpairmentOfIntangibleAssetsAccumulatedImpairment
5000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
65758000 USD
CY2020 us-gaap Finite Lived Intangible Assets Translation And Purchase Accounting Adjustments
FiniteLivedIntangibleAssetsTranslationAndPurchaseAccountingAdjustments
-120000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
183839000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
27100000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
33400000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
22010000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
17499000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
14058000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
11301000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
9247000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
33924000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
108039000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
375000000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
381205000 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5916000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
16411000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
369084000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
364794000 USD
CY2021Q4 us-gaap Accrued Vacation Current
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1967000 USD
CY2020Q4 us-gaap Accrued Vacation Current
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1667000 USD
CY2021Q4 us-gaap Accrued Salaries Current
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1727000 USD
CY2020Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
1507000 USD
CY2021Q4 us-gaap Accrued Bonuses Current
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3593000 USD
CY2020Q4 us-gaap Accrued Bonuses Current
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4752000 USD
CY2021Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
4606000 USD
CY2020Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
4819000 USD
CY2021Q4 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
333000 USD
CY2020Q4 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
320000 USD
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
12226000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
13065000 USD
CY2021Q4 us-gaap Accrued Insurance Current
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7473000 USD
CY2020Q4 us-gaap Accrued Insurance Current
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7806000 USD
CY2021Q4 us-gaap Interest Payable Current
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5627000 USD
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
146000 USD
CY2021Q4 bbcp Accrued Equipment Purchase Current
AccruedEquipmentPurchaseCurrent
4955000 USD
CY2020Q4 bbcp Accrued Equipment Purchase Current
AccruedEquipmentPurchaseCurrent
4149000 USD
CY2021Q4 bbcp Accrued Sales And Use Tax Current
AccruedSalesAndUseTaxCurrent
690000 USD
CY2020Q4 bbcp Accrued Sales And Use Tax Current
AccruedSalesAndUseTaxCurrent
311000 USD
CY2021Q4 bbcp Accrued Property Tax Current
AccruedPropertyTaxCurrent
917000 USD
CY2020Q4 bbcp Accrued Property Tax Current
AccruedPropertyTaxCurrent
882000 USD
CY2021Q4 us-gaap Accrued Professional Fees Current
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1134000 USD
CY2020Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1213000 USD
CY2021Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
0 USD
CY2020Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
1765000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
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3144000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2607000 USD
CY2021Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
23940000 USD
CY2020Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
18879000 USD
CY2021 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
-12431000 USD
CY2020 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
-66228000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-4299000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-375000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-9000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
470000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
361000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
95000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-3947000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
483000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
759000 USD
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
2134000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
126000 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-70000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1914000 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2547000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1029000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2642000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4977000 USD
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
0 USD
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-2611000 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-13967000 USD
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
193000 USD
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-150000 USD
CY2021 bbcp Effective Income Tax Rate Reconciliation Change In Deferred Tax Rate Amount
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxRateAmount
-92000 USD
CY2020 bbcp Effective Income Tax Rate Reconciliation Change In Deferred Tax Rate Amount
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxRateAmount
-1654000 USD
CY2021 bbcp Effective Income Tax Rate Reconciliation Warrant Fair Value Change Amount
EffectiveIncomeTaxRateReconciliationWarrantFairValueChangeAmount
2078000 USD
CY2020 bbcp Effective Income Tax Rate Reconciliation Warrant Fair Value Change Amount
EffectiveIncomeTaxRateReconciliationWarrantFairValueChangeAmount
55000 USD
CY2021 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
-0 USD
CY2020 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
-717000 USD
CY2021 bbcp Effective Income Tax Rate Reconciliation Deferred Tax On Undistributed Foreign Earnings Amount
EffectiveIncomeTaxRateReconciliationDeferredTaxOnUndistributedForeignEarningsAmount
505000 USD
CY2020 bbcp Effective Income Tax Rate Reconciliation Deferred Tax On Undistributed Foreign Earnings Amount
EffectiveIncomeTaxRateReconciliationDeferredTaxOnUndistributedForeignEarningsAmount
-255000 USD
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
9812000 USD
CY2021 us-gaap Income Tax Reconciliation Tax Settlements
IncomeTaxReconciliationTaxSettlements
0 USD
CY2020 us-gaap Income Tax Reconciliation Tax Settlements
IncomeTaxReconciliationTaxSettlements
420000 USD
CY2021 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
444000 USD
CY2020 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
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50000 USD
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71400000 USD
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0 USD
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5900000 USD
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120000 USD
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61000 USD
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381000 USD
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250000 USD
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250000 USD
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2300000 USD
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500000000
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11.50
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25000000 USD
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5300000 USD
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13.00
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P30D
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26300000 USD
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
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0 USD
CY2021 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
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0.01
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0.01
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
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500
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CY2020 bbcp Sharebased Compensation Arrangement By Sharebased Payment Award Options Modified In Period
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1.54
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2.48
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0.01
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3807
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1.63
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1684193
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.63
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1214213
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2.26
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
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P3Y7M6D
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6884000 USD
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
1800000 USD
CY2021 us-gaap Earnings Per Share Diluted
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-0.31
CY2020 us-gaap Earnings Per Share Diluted
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CY2021Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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1750000 USD
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1930000 USD
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53413594
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52752884
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53413594
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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52752884
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-0.31
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900000 USD
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DefinedBenefitPlanContributionsByEmployer
1000000.0 USD
CY2021 us-gaap Multiemployer Plan Employer Contribution Cost
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1489000 USD
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1259000 USD
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315808000 USD
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304301000 USD
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68665000 USD
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29835000 USD
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2642000 USD
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55906000 USD
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61655000 USD
CY2021 bbcp Ebitda
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68665000 USD
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29835000 USD
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55906000 USD
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61655000 USD
CY2021 us-gaap Interest Expense
InterestExpense
25190000 USD
CY2020 us-gaap Interest Expense
InterestExpense
34408000 USD
CY2021 bbcp Transaction Costs Including Debt Extinguishment
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15822000 USD
CY2020 bbcp Transaction Costs Including Debt Extinguishment
TransactionCostsIncludingDebtExtinguishment
0 USD
CY2021Q4 us-gaap Assets
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CY2020Q4 us-gaap Assets
Assets
773758000 USD
CY2021 us-gaap Revenues
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315808000 USD
CY2020 us-gaap Revenues
Revenues
304301000 USD
CY2021Q4 us-gaap Noncurrent Assets
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337771000 USD
CY2020Q4 us-gaap Noncurrent Assets
NoncurrentAssets
304254000 USD

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