Note 18 - Related Party Transaction
|6 Months Ended|
Apr. 30, 2019
|Notes to Financial Statements|
|Related Party Transactions Disclosure [Text Block]||
18.Related Party Transaction
The Predecessor had a Management Services Agreement, as amended from time to time, with PGP Advisors, LLC (PGP), an affiliate of the Sponsor, to provide advisory, consulting and other professional services. Under terms of the agreement, the annual fee for these services were
$2.0million annually thereafter. For the
six-month periods ended
April 30, 2018and in the period from
November 1, 2018through
December 5, 2018,the Predecessor incurred
$0.0million, respectively, related to this agreement and other agreed upon expenses, which is included in general and administrative expenses on the accompanying consolidated statements of income. In conjunction with the Business Combination, this agreement was terminated.
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef