Leases (Tables)

9 Months Ended

Jul. 31, 2020

Schedule of Additional Lease Information Under Finance and Operating Leases

Additional lease information is summarized below for the three and nine months ended July 31, 2020:

	Three months ended				Nine months ended
	July 31, 2020				July 31, 2020
	Finance Leases		Operating Leases		Finance Leases		Operating Leases
Amortization of right of use assets	$	1,779	$	—	$	5,293	$	—
Interest		93		—		266		—
Lease cost⁽¹⁾		1,872		5,406		5,559		16,073
Short-term and variable lease cost⁽¹⁾		200		617		1,023		1,917
Total lease cost	$	2,072	$	6,023	$	6,582	$	18,000

(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 nine months ended July 31, 2020:

	Finance Leases			Operating Leases
Cash outflows for leases	$	5,814		$	15,935
Weighted average remaining lease term (years)	4.72 years			10.48 years
Weighted average discount rate		2.51	%		1.69	%

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 July 31, 2020. The reconciliation excludes short-term leases that are not recognized on the Consolidated Balance Sheet.

Year:	Finance Leases		Operating Leases
2020	$	6,479	$	20,709
2021		4,445		19,056
2022		2,735		16,106
2023		1,130		14,163
2024		669		12,160
Later years		3,210		68,085
Total minimum lease payments	$	18,668	$	150,279
Amounts representing interest		1,462		14,034
Present value of minimum lease payments	$	17,206	$	136,245