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LEASES
12 Months Ended
Oct. 31, 2025
Leases [Abstract]  
Lessee, Operating Leases LEASES
    HEICO’s lease ROU assets represent its right to use an underlying asset during the lease term and its lease liabilities represent the Company’s obligation to make lease payments arising from the lease. HEICO’s operating lease ROU assets are included within other assets and its operating lease liabilities are included within other long-term liabilities and accrued expenses and other current liabilities in the Company’s Consolidated Balance Sheets. HEICO's finance lease ROU assets are included within property, plant and equipment, net and its finance lease liabilities are included within long-term debt, net of current maturities and current maturities of long-term debt within the Company's Consolidated Balance Sheets. The following table presents the Company’s lease ROU assets and lease liabilities (in thousands):

Operating Leases
As of October 31,
Finance Leases
As of October 31,
2025202420252024
Right-of-use assets $134,981 $131,836 $16,024 $24,024 
Current lease liabilities $25,736 $23,422 $3,297 $4,060 
Long-term lease liabilities 114,985 113,458 14,486 21,800 
Total lease liabilities $140,721 $136,880 $17,783 $25,860 

The Company’s operating lease expenses are recorded within cost of sales and/or SG&A expenses in the Company’s Consolidated Statements of Operations. The Company's finance lease expenses consist of amortization of ROU assets and interest on lease liabilities, which are included within cost of sales and/or SG&A expenses, and interest expense, respectively, in the Company's Consolidated Statements of Operations. Further, interest expense on finance leases is recognized using the effective interest method based on the discount rate determined at lease commencement.
The following table presents the components of lease expense for fiscal 2025 and 2024 (in thousands):    

Year ended October 31,
20252024
Operating Leases:
Operating lease expense $35,326 $32,655 
Variable lease expense6,466 5,574 
Total operating lease expense (1)
$41,792 $38,229 
Finance Leases:
Amortization of finance lease ROU assets $3,897 $4,804 
Interest on finance lease liabilities 1,333 1,660 
Variable lease expense928 839 
Total finance lease expense $6,158 $7,303 

(1)    Excludes short-term lease expense, which is not material.

The following table presents a maturity analysis of the Company's lease liabilities as of October 31, 2025 for the next five fiscal years and thereafter (in thousands):

Operating Leases Finance Leases
Year ending October 31,
2026$33,835 $4,276 
202731,681 4,156 
202824,882 3,713 
202919,111 3,110 
203017,559 2,185 
Thereafter49,291 3,486 
Total minimum lease payments176,359 20,926 
Less: imputed interest(35,638)(3,143)
Present value of minimum lease payments$140,721 $17,783 

The Company does not have any material leases that have been signed but have yet to commence as of October 31, 2025.

The following table presents the weighted average remaining lease term and discount rate of the Company’s leases:
Operating Leases
As of October 31,
Finance Leases
As of October 31,
2025202420252024
Weighted average remaining lease term (years)6.77.25.66.7
Weighted average discount rate6.9%6.7%6.1%6.2%
The following table presents supplemental disclosures of cash flow information associated with the Company's leases for fiscal 2025 and 2024 (in thousands):

Operating Leases
As of October 31,
Finance Leases
As of October 31,
2025202420252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows $34,503 $31,045 $1,333 $1,660 
Financing cash flows— — 3,929 3,948 
Right-of-use assets obtained in exchange for new lease liabilities, net of terminations (1)
25,574 33,232 (4,311)1,037 

(1)    Finance lease activity for fiscal 2025 reflects a net reduction, driven solely by the non-cash reclassification of a finance lease to an operating lease upon modification.