Leases (Tables)

3 Months Ended

Jan. 31, 2020

Leases

Schedule of lease-related assets and liabilities and cost

The following table presents the lease-related assets and liabilities recorded on the balance sheet as of January 31, 2020 (in thousands):

		January 31,
		2020
Assets
Current assets:
Operating lease assets	Operating lease right-of-use assets	$	64,159
Finance lease assets	Property, plant and equipment, net		6,039
		$	70,198
Liabilities
Current liabilities:
Operating	Current portion of operating leases	$	5,881
Finance	Current portion of long-term debt and finance leases		742
Long-term obligations
Operating	Long-term operating leases, less current portion		62,253
Finance	Long-term debt and finance leases, less current portion		5,410
		$	74,286

Weighted-average remaining lease term:
Operating leases	10.7 years
Finance leases	9.6 years
Weighted-average discount rate:
Operating leases	2.85	%
Finance leases	3.60	%

Lease Costs

The following table presents certain information related to the lease costs for finance and operating leases for the three months ended January 31, 2020 (in thousands):

	Three months ended
	January 31, 2020
Amortization of financing lease assets	$	218
Operating lease cost		2,062
Short-term lease cost		627
Interest on financing lease liabilities		56
Total lease cost	$	2,963

Other Information

The following table presents supplemental cash flow information related to the leases for the three months ended January 31, 2020 (in thousands):

	Three months ended
Cash paid for amounts included in the measurement of lease liabilities	January 31, 2020
Operating cash flows for operating leases	$	1,998
Financing cash flows for finance leases		198
Operating cash flows for finance leases		37

Schedule of undiscounted cash flows of operating lease

The following table reconciles the undiscounted cash flows for each of the first five years and total remaining years to the finance lease liabilities and operating lease liabilities recorded on the balance sheet as of January 31, 2020 (in thousands):

	Operating		Finance
	Leases		Leases
Remainder of 2020	$	5,791	$	711
2021		7,738		955
2022		7,650		947
2023		7,657		943
2024		7,480		641
Thereafter		43,359		3,180
Total lease payments		79,675		7,377
Less: imputed interest		11,541		1,225
Total lease liability	$	68,134	$	6,152

Schedule of undiscounted cash flows of finance lease

	Operating		Finance
	Leases		Leases
Remainder of 2020	$	5,791	$	711
2021		7,738		955
2022		7,650		947
2023		7,657		943
2024		7,480		641
Thereafter		43,359		3,180
Total lease payments		79,675		7,377
Less: imputed interest		11,541		1,225
Total lease liability	$	68,134	$	6,152

Minimum Cash Payments Under Non-Cancelable Operating Leases

2020	$	9,534
2021		9,007
2022		8,672
2023		8,603
2024		8,203
Thereafter		50,796
	$	94,815

Schedule of Capital Lease Payments

	Total
Year ending October 31:
2020	$	907
2021		915
2022		908
2023		900
2024		548
Thereafter		3,162
Minimum lease payments		7,340
Less interest		(1,166)
Present value of future minimum lease payments	$	6,174