Leases (Tables)

3 Months Ended

Jan. 31, 2020

Schedule of Additional Lease Information Under Finance and Operating Leases

Additional lease information is summarized below for the three months ended January 31, 2020:

	Finance Leases			Operating Leases
Amortization of right of use assets	$	1,714		$	—
Interest		83			—
Lease cost⁽¹⁾	$	1,797		$	5,227
Short-term and variable lease cost⁽¹⁾		289			865
Total lease cost		2,086			6,092

Cash outflows from leases	$	2,421		$	5,292
Weighted average remaining lease term (years)	5.10 years			10.75 years
Weighted average discount rate		2.92	%		1.70	%

(1)

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

Schedule of Reconciliation of Undiscounted Cash Flows for Operating and Finance Lease Liabilities

The following table reconciles the undiscounted cash flows for five years and thereafter to the operating and finance lease liabilities recognized on the statement of financial position as of January 31, 2020. The reconciliation excludes short-term leases that are not recognized on the Consolidated Balance Sheet.

Year:	Finance Leases		Operating Leases
2020	$	5,923	$	19,986
2021		3,959		17,820
2022		2,175		16,007
2023		1,049		13,377
2024		645		11,773
Later years		3,601		66,349
Total minimum lease payments	$	17,352	$	145,312
Amounts representing interest		1,601		11,040
Present value of minimum lease payments	$	15,751	$	134,272