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Significant Accounting Policies (Tables)
12 Months Ended
Sep. 30, 2022
Accounting Policies [Abstract]  
Schedule of customer concentration risk Customers that accounted for more than 10% of consolidated revenues during any of the fiscal years ended September 30, 2022, 2021 and 2020 are presented below:
% of Consolidated Revenues for the Fiscal
Year Ended September 30,
202220212020
Alabama Department of Transportation10.0%10.8%11.6%
North Carolina Department of Transportation11.2%10.3%7.8%
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,
202220212020
Public60.9%61.3%65.3%
Private39.1%38.7%34.7%
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, 2022 and 2021 consisted of the following (in thousands):
September 30,
20222021
Construction equipment$402,581 $333,966 
Plants167,625 143,172 
Land and improvements59,454 53,415 
Mineral reserves 91,992 86,556 
Buildings32,566 27,163 
Furniture and fixtures7,110 6,426 
Leasehold improvements1,230 1,230 
Total property, plant and equipment, gross762,558 651,928 
Accumulated depreciation, depletion and amortization(304,935)(250,803)
Construction in progress23,789 3,707 
Total property, plant and equipment, net$481,412 $404,832