Leases, Codification Topic 842 (Tables)

12 Months Ended

Oct. 31, 2020

Leases [Abstract]

Assets And Liabilities, Lessee

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

Leases	Classification	October 31, 2020
Assets
Operating lease assets	Operating lease right-of-use assets	$	51,824
Finance lease assets	Property, plant and equipment (less accumulated depreciation of $1,089)	15,609
Total lease assets		$	67,433
Liabilities
Current
Operating	Current operating lease liabilities	$	7,459
Finance	Current maturities of long-term debt	962
Noncurrent
Operating	Noncurrent operating lease liabilities	44,873
Finance	Long-term debt	14,236
Total lease liabilities		$	67,530

Lease, Cost

The table below presents the components for the year ended October 31, 2020 (in thousands):

Components of lease costs	Year Ended October 31, 2020
Operating lease cost	$	8,866
Finance lease cost
Amortization of leased assets	1,181
Interest on lease liabilities	557
Variable lease costs	748
Total lease cost	$	8,316

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

Supplemental Cash Flow Information	Year Ended October 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Finance leases - financing cash flows	$	1,092
Finance leases - operating cash flows	$	557
Operating leases - operating cash flows	$	8,681
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	19,559
Finance Leases	$	398

Lease Term and Discount Rate, Lessee

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

	Year Ended October 31, 2020
Weighted average remaining lease term (in years)
Operating leases	7.8
Financing leases	15.25
Weighted average discount rate
Operating leases	3.52	%
Financing leases	3.62	%

Lessee, Operating Lease, Liability, Maturity

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

	Operating Leases		Finance Leases
2021	$	9,191	$	1,496
2022	8,754		1,449
2023	8,340		1,350
2024	7,581		1,247
2025	6,166		1,188
Thereafter	19,941		12,768
Total lease payments	59,973		19,498
Less: present value discount	7,641		4,300
Total lease liabilities	$	52,332	$	15,198

Commitments as of October 31, 2019 were as follows (in thousands):

	Operating Leases		Finance Leases
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

Finance Lease, Liability, Fiscal Year Maturity

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

	Operating Leases		Finance Leases
2021	$	9,191	$	1,496
2022	8,754		1,449
2023	8,340		1,350
2024	7,581		1,247
2025	6,166		1,188
Thereafter	19,941		12,768
Total lease payments	59,973		19,498
Less: present value discount	7,641		4,300
Total lease liabilities	$	52,332	$	15,198

Commitments as of October 31, 2019 were as follows (in thousands):

	Operating Leases		Finance Leases
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