Leases (Tables)

12 Months Ended

Oct. 31, 2023

Leases [Abstract]

Lease Cost and Additional Lease Information

Additional lease information is summarized below for the twelve months ended October 31:

	October 31, 2023				October 31, 2022
	Finance Leases		Operating Leases		Finance Leases		Operating Leases
Amortization of right of use assets	$	5,926			$	6,388
Interest	357				374
Lease cost (1)	6,283		$	19,662	6,762		$	20,354
Short-term and variable lease cost (1)	2,338		1,989		1,876		1,611
Total lease cost	$	8,621	$	21,651	$	8,638	$	21,965

(1) Lease costs are recorded in both Cost of sales and Selling and administrative expenses on the Consolidated Statements of Income.

Supplemental cash flow information is summarized below for the twelve months ended October 31, 2023:

	Finance Leases		Operating Leases
Cash outflows for leases	$	6,840	$	19,783
Weighted average remaining lease term (years)	7.39		8.76
Weighted average discount rate	2.85%		1.97%

Finance Lease, Liability, Fiscal Year Maturity

The following table reconciles the undiscounted cash flows for five years and thereafter to the operating and finance lease liabilities recognized on the Consolidated Balance Sheet as of October 31, 2023. The reconciliation excludes short-term leases that are not recognized on the Consolidated Balance Sheet.

Year:	Finance Leases		Operating Leases
2024	$	4,918	$	16,853
2025	3,740		14,715
2026	2,315		13,726
2027	1,138		11,263
2028	495		9,909
Later years	5,743		52,851
Total minimum lease payments	18,349		119,317
Amounts representing interest	1,761		10,052
Present value of minimum lease payments	$	16,588	$	109,265

Lessee, Operating Lease, Liability, Maturity

The following table reconciles the undiscounted cash flows for five years and thereafter to the operating and finance lease liabilities recognized on the Consolidated Balance Sheet as of October 31, 2023. The reconciliation excludes short-term leases that are not recognized on the Consolidated Balance Sheet.

Year:	Finance Leases		Operating Leases
2024	$	4,918	$	16,853
2025	3,740		14,715
2026	2,315		13,726
2027	1,138		11,263
2028	495		9,909
Later years	5,743		52,851
Total minimum lease payments	18,349		119,317
Amounts representing interest	1,761		10,052
Present value of minimum lease payments	$	16,588	$	109,265