(5) LEASES

Lessor Accounting

The Company's Lease income is comprised of both fixed and variable income, as follows:

Fixed lease income includes stated amounts per the lease contract, which are primarily related to base rent. Income for these amounts is recognized on a straight line basis.

Variable lease income includes recoveries from tenants, which represents amounts that tenants are contractually obligated to reimburse the Company for the tenants’ portion of Recoverable Costs. Generally the Company’s leases provide for the tenants to reimburse the Company for Recoverable Costs based on the tenants’ share of the actual costs incurred in proportion to the tenants’ share of leased space in the property.

The following table provides a disaggregation of lease income recognized during the six and three months ended April 30, 2020 and 2019, under ASC Topic 842, Leases, as either fixed or variable lease income based on the criteria specified in ASC Topic 842 (In thousands):

	Six Months Ended April 30,						Three Months Ended April 30,
	2020			2019			2020			2019
Operating lease income:
Fixed lease income (Base Rent)	$	50,533		$	49,990		$	25,418		$	25,062
Variable lease income (Recoverable Costs)		14,110			16,825			6,115			8,373
Other lease related income, net:
Above/below market rent amortization		350			291			173			156
Uncollectible amounts in lease income		(1,845	)		(496	)		(1,503	)		(242	)
Total lease income	$	63,148		$	66,610		$	30,203		$	33,349

Future minimum rents under non-cancelable operating leases for the next five years and thereafter, excluding variable lease payments, are as follows (In thousands):

Fiscal Year Ending
2020 ^(a)	$	48,200
2021		80,100
2022		64,200
2023		53,800
2024		42,600
Thereafter		189,100
Total	$	478,000

(a) The future minimum rental income for fiscal 2020 includes amounts due between May 1, 2020 through October 31, 2020.