Leases (Tables)

6 Months Ended

Apr. 30, 2020

Schedule of Additional Lease Information Under Finance and Operating Leases

Additional lease information is summarized below for the three and six months ended April 30, 2020:

	Three months ended				Six months ended
	April 30, 2020				April 30, 2020
	Finance Leases		Operating Leases		Finance Leases		Operating Leases
Amortization of right of use assets	$	1,799	$	—	$	3,513	$	—
Interest		91		—		174		—
Lease cost⁽¹⁾	$	1,890	$	5,348	$	3,687	$	10,667
Short-term and variable lease cost⁽¹⁾		534		435		823		1,300
Total lease cost		2,424		5,783		4,510		11,967

(1)

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

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information is summarized below for the six months ended April 30, 2020:

Cash outflows for leases	$	3,548		$	10,635
Weighted average remaining lease term (years)	4.84 years			10.60 years
Weighted average discount rate		2.66	%		1.71	%

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 April 30, 2020. The reconciliation excludes short-term leases that are not recognized on the Consolidated Balance Sheet.

Year:	Finance Leases		Operating Leases
2020	$	6,503	$	19,870
2021		4,420		17,865
2022		2,694		15,426
2023		1,243		13,128
2024		680		11,350
Later years		3,293		63,655
Total minimum lease payments	$	18,833	$	141,294
Amounts representing interest		1,561		11,030
Present value of minimum lease payments	$	17,272	$	130,264