Leases (Tables)

3 Months Ended

Jan. 31, 2020

Leases [Abstract]

Schedule of Lease-Related Assets and Liabilities

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

Leases	Classification	January 31, 2020
Assets
Operating lease assets	Operating lease right-of-use assets	$	41,661
Finance lease assets	Property, plant and equipment (less accumulated depreciation of $308)	16,317
Total lease assets		$	57,978
Liabilities
Current
Operating	Current operating lease liabilities	$	6,532
Finance	Current maturities of long-term debt	975
Noncurrent
Operating	Noncurrent operating lease liabilities	35,505
Finance	Long-term debt	14,921
Total lease liabilities		$	57,933

Schedule of Components of Lease Costs

The table below presents the components of the lease costs for the three months ended January 31, 2020 (in thousands):

	Three months ended
	January 31, 2020
Components of lease costs
Operating lease cost	$	2,058
Finance lease cost
Amortization of leased assets	316
Interest on lease liabilities	144
Variable lease costs	125
Total lease cost	$	2,643

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

	Three months ended
	January 31, 2020
Supplemental Cash Flow Information
Cash paid for amounts included in the measurement of lease liabilities:
Finance leases - financing cash flows	$	322
Finance leases - operating cash flows	$	144
Operating leases - operating cash flows	$	2,071
Right-of-use assets obtained in exchange for lease liabilities
Operating leases	$	3,082
Finance Leases	$	—

Schedule of Weighted Average Remaining Lease Terms and Weighted Average Discount Rates

The table below presents the weighted average remaining lease terms and weighted average discount rates for the Company's leases as of January 31, 2020:

	January 31, 2020
Weighted average remaining lease term (in years)
Operating leases	8.2
Financing leases	16.4
Weighted average discount rate
Operating leases	4.08	%
Financing leases	3.64	%

Schedule of Maturity of Lease Liabilities

The table below presents the maturity of the lease liabilities as of January 31, 2020 (in thousands):

	Operating Leases		Finance Leases
	(in thousands)
2020 (remaining nine months)	$	6,141	$	1,177
2021	7,195		1,425
2022	6,531		1,391
2023	6,220		1,294
2024	5,516		1,190
Thereafter	17,730		14,208
Total lease payments	49,333		20,685
Less: present value discount	7,296		4,789
Total lease liabilities	$	42,037	$	15,896

Schedule of Maturity of Lease Liabilities

The table below presents the maturity of the lease liabilities as of January 31, 2020 (in thousands):

	Operating Leases		Finance Leases
	(in thousands)
2020 (remaining nine months)	$	6,141	$	1,177
2021	7,195		1,425
2022	6,531		1,391
2023	6,220		1,294
2024	5,516		1,190
Thereafter	17,730		14,208
Total lease payments	49,333		20,685
Less: present value discount	7,296		4,789
Total lease liabilities	$	42,037	$	15,896

Schedule of Future Minimum Lease Payments

These future minimum lease payments were previously disclosed in our 2019 Annual Report on Form 10-K and accounted for under previous lease guidance. Commitments as of October 31, 2019 were as follows:

	Operating Leases		Capital Leases
	(in thousands)
2020	$	9,121	$	1,020
2021	6,981		810
2022	6,012		815
2023	5,506		973
2024	4,699		713
Thereafter	15,220		11,392
Total	47,539		15,723
Less: amount representing interest			5,064
Present value of minimum lease payments			10,659

Schedule of Future Minimum Lease Payments

These future minimum lease payments were previously disclosed in our 2019 Annual Report on Form 10-K and accounted for under previous lease guidance. Commitments as of October 31, 2019 were as follows:

	Operating Leases		Capital Leases
	(in thousands)
2020	$	9,121	$	1,020
2021	6,981		810
2022	6,012		815
2023	5,506		973
2024	4,699		713
Thereafter	15,220		11,392
Total	47,539		15,723
Less: amount representing interest			5,064
Present value of minimum lease payments			10,659