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Significant Accounting Policies (Tables)
12 Months Ended
Sep. 30, 2021
Accounting Policies [Abstract]  
Schedule of customer concentration risk Customers that accounted for more than 10% of consolidated revenues during fiscal years ended September 30, 2021, 2020 and 2019 are presented below:
% of Consolidated Revenues for the Fiscal
Year Ended September 30,
202120202019
Alabama Department of Transportation10.8%11.6%13.8%
North Carolina Department of Transportation10.3%7.8%13.1%
Schedule of revenue by major customers by reporting segments The following table reflects, for the periods presented, (i) revenues generated from public infrastructure construction projects and the sale of construction materials to public customers and (ii) revenues generated from private infrastructure construction projects and the sale of construction materials to private customers.
% of Consolidated Revenues for the Fiscal
Year Ended September 30,
202120202019
Public61.3%65.3%69.3%
Private38.7%34.7%30.7%
Schedule of useful lives of property, plant and equipment
The estimated useful lives of property, plant and equipment categories are as follows:
CategoryEstimated Useful Life
Land and improvements
Land, unlimited; improvements, 15-25 years
Mineral reservesBased on depletion
Buildings
5 - 39 years
Plants
3 - 20 years
Construction equipment
3 - 10 years
Furniture and fixtures
5 - 10 years
Leasehold improvements
The shorter of 15 years or the remaining lease term
Property, plant and equipment at September 30, 2021 and 2020 consisted of the following (in thousands):
September 30,
20212020
Construction equipment$333,966 $253,157 
Plants143,172 102,392 
Land and improvements53,415 38,647 
Mineral reserves 86,556 22,205 
Buildings27,163 18,307 
Furniture and fixtures6,426 5,648 
Leasehold improvements1,230 1,135 
Total property, plant and equipment, gross651,928 441,491 
Accumulated depreciation, depletion and amortization(250,803)(209,532)
Construction in progress3,707 5,271 
Total property, plant and equipment, net$404,832 $237,230