Leases

12 Months Ended

Oct. 31, 2011

Leases [Abstract]

Leases

Note 6 — Leases

We have lease commitments expiring at various dates, principally for manufacturing, warehouse and office space, automobiles and office equipment. Many leases contain renewal options and some contain purchase options and residual guarantees.

Rent expense for all operating leases was approximately $12,292, $12,266 and $11,801 in 2011, 2010 and 2009, respectively.

Amortization of assets recorded under capital leases is recorded in depreciation expense.

Assets held under capitalized leases and included in property, plant and equipment are as follows:

	2011			2010
Transportation equipment	$	14,215		$	13,870
Other		2,581			1,009
Total capitalized leases		16,796			14,879
Accumulated amortization		(6,969	)		(7,799	)
Net capitalized leases	$	9,827		$	7,080

At October 31, 2011, future minimum lease payments under noncancelable capitalized and operating leases are as follows:

	Capitalized Leases		Operating Leases
Year:
2012	$	5,481	$	10,955
2013		4,036		6,244
2014		2,211		4,429
2015		637		2,863
2016		49		2,216
Later years		—		9,095
Total minimum lease payments		12,414	$	35,802
Less amount representing executory costs		1,812
Net minimum lease payments		10,602
Less amount representing interest		1,269
Present value of net minimum lease payments		9,333
Less current portion		4,131
Long-term obligations at October 31, 2011	$	5,202