Construction Partners, Inc. Annual report pursuant to Section 13 and 15(d)

Significant Accounting Policies (Tables)

12 Months Ended

Sep. 30, 2018

Two customers accounted for more than 10% of consolidated revenues for the fiscal years ended September 30, 2018 and September 30, 2017, as follows:



	% of Consolidated Revenues for the Fiscal Year Ended September 30,
	2018		2017
Alabama Department of Transportation	15.1	%	14.9	%
North Carolina Department of Transportation	13.3	%	13.9	%

The useful lives of property, plant and equipment categories are as follows:



Category	Estimated Useful Life
Land and improvements	Land, unlimited; improvements, 15-25 years
Quarry reserves	Based on depletion
Buildings	5 - 39 years
Asphalt 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, 2018 and September 30, 2017 consisted of the following (in thousands):



	September 30,
	2018			2017
Construction equipment	$	190,420		$	154,911
Asphalt plants	79,563			66,379
Land and improvements	29,624			20,991
Quarry reserves	20,908			7,219
Buildings	12,416			9,848
Furniture and fixtures	4,422			3,870
Leasehold improvements	765			765
Total property, plant and equipment, gross	338,118			263,983
Accumulated depreciation, depletion and amortization	(160,795		)	(148,072		)
Construction in progress	1,369			—
Total property, plant and equipment, net	$	178,692		$	115,911