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Property, Plant and Equipment
 12 Months Ended
Sep. 30, 2019
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Property, Plant and Equipment
Property, plant and equipment at September 30, 2019 and 2018 consisted of the following (in thousands):
September 30,
2019  2018  
Construction equipment$214,500  $190,420  
Plants92,279  79,563  
Land and improvements34,365  29,624  
Quarry reserves20,678  20,908  
Buildings15,458  12,416  
Furniture and fixtures4,864  4,422  
Leasehold improvements1,135  765  
Total property, plant and equipment, gross383,279  338,118  
Accumulated depreciation, depletion and amortization(177,927) (160,795) 
Construction in progress518  1,369  
Total property, plant and equipment, net$205,870  $178,692  
On February 28, 2019, the Company acquired a liquid asphalt terminal located in Panama City, Florida. The purchase price of $10.9 million was paid from cash on hand on the acquisition date. The Company uses the terminal to receive, store and process liquid asphalt primarily for use in its construction projects. The transaction was accounted for as an asset acquisition in accordance with ASC 805. Accordingly, the purchase price and direct costs of $0.1 million incurred to complete the transaction were allocated to asset categories based on their relative fair value at the date of acquisition.
Depreciation, depletion and amortization expense related to property, plant and equipment for the fiscal years ended September 30, 2019 and 2018 was $30.1 million and $24.8 million, respectively.