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Significant Accounting Policies (Tables)

9 Months Ended

Jun. 30, 2024

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Consolidated Balance Sheets that sum to the total of the same such amounts shown in the Consolidated Statements of Cash Flows (unaudited, in thousands):


	June 30, 2024		June 30, 2023
Cash and cash equivalents	$	56,327	$	54,878
Restricted cash	2,116		71
Total cash, cash equivalents, and restricted cash	$	58,443	$	54,949

Schedule of Restricted Cash


	June 30, 2024		June 30, 2023
Cash and cash equivalents	$	56,327	$	54,878
Restricted cash	2,116		71
Total cash, cash equivalents, and restricted cash	$	58,443	$	54,949

Schedule of Concentration Risk

Customers that accounted for more than 10% of consolidated revenues during the three and nine months ended June 30, 2024 and 2023 are presented below:


	% of Consolidated Revenues
	For the Three Months Ended June 30,		For the Nine Months Ended June 30,
	2024	2023	2024	2023
North Carolina Department of Transportation	12.5%	11.2%	10.3%	*
Florida Department of Transportation	13.4%	11.2%	13.9%	10.2%

* Less than 10%

Schedule of Revenue by Major Customers

The following table reflects, for the periods presented, the percentage of (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 Three Months Ended June 30,				For the Nine Months Ended June 30,
	2024		2023		2024		2023
Private	35.6	%	36.8	%	39.2	%	39.0	%
Public	64.4	%	63.2	%	60.8	%	61.0	%