LONG-TERM DEBT (Tables)

9 Months Ended

Aug. 02, 2020

LONG-TERM DEBT [Abstract]

Long-Term Debt

Long-term debt consists of the following:

	August 2, 2020			October 31, 2019
Project Loans	$	33,471		$	34,490
Working Capital Loans (value added tax component)		13,308			9,539
		46,779			44,029
Current portion of long-term debt		(8,596	)		(2,142	)
Long-term debt	$	38,183		$	41,887

LONG-TERM DEBT [Abstract]

Maturities of Long-term Debt

At August 2, 2020, maturities of our long-term debt over the next five fiscal years and thereafter were as follows:

2020 (remainder of)	$	-
2021		8,596
2022		13,211
2023		7,123
2024		6,640
Thereafter		11,209
	$	46,779

Project Loans [Member]

LONG-TERM DEBT [Abstract]

Maturities of Long-term Debt

In November 2018, PDMCX was approved for credit of the equivalent of $50 million, subject to certain limitations related to PDMCX registered capital at the time of the initial approval, pursuant to which PDMCX has and will enter into separate loan agreements (“the Project Loans”) for intermittent borrowings. The Project Loans, which are denominated in Chinese renminbi (RMB), are being used to finance certain capital expenditures in China. PDMCX granted liens on its interest in land, building, and certain equipment, which had a combined carrying value of $92.8 million as of August 2, 2020, as collateral for the Project Loans. As of August 2, 2020, PDMCX had outstanding borrowings of 234.4 million RMB ($33.5 million) against this approval. Payments on these borrowings are due semiannually through December 2025; an initial payment of 9.0 million RMB ($1.3 million) was made in June 2020. The table below presents, in U.S. dollars, the timing of future payments against the borrowings.

	Fiscal Year
	2021		2022		2023		2024		2025		2026
Principal payments	$	6,426	$	5,729	$	3,467	$	6,640	$	6,354	$	4,855

Working Capital Loans [Member]

LONG-TERM DEBT [Abstract]

Maturities of Long-term Debt

In November 2018, PDMCX received approval for unsecured credit of the equivalent of $25.0 million, pursuant to which PDMCX may enter into separate loan agreements. Under this credit agreement (the “Working Capital Loans”), PDMCX can borrow up to 140.0 million RMB to pay value-added taxes (“VAT”), and up to 60.0 million RMB to fund operations; combined total borrowings are limited to the equivalent of $25.0 million. As of August 2, 2020, PDMCX had 93.2 million RMB ($13.3 million) outstanding against the approval to pay VAT. Payments on these borrowings are due semiannually, in increasing amounts, through July 2023. The table below presents, in U.S. dollars, the timing of future payments against these borrowings.

	Fiscal Year
	2021		2022		2023
Principal payments	$	2,170	$	7,482	$	3,656