XML 51 R39.htm IDEA: XBRL DOCUMENT v3.21.2
DEBT (Tables)
 9 Months Ended
Aug. 01, 2021
DEBT [Abstract]  
Long-term Debt

The tables below provide information on our long-term debt.

As of August 1, 2021
  
Xiamen
Project Loans
    
Xiamen
Working
Capital Loans
    
Hefei
Equipment
Loan
    
Finance Leases
    
Total
  
Principal due:
                              
Next 12 months
  
$
7,615
    
$
8,108
    
$
2,321
    
$
7,119
    
$
25,163
  
Months 13 – 24
  
$
9,961
    
$
3,961
    
$
4,642
    
$
6,487
    
$
25,051
  
Months 25 – 36
    
10,165
      
-
      
4,642
      
6,585
      
21,392
  
Months 37 – 48
    
9,794
      
-
      
7,736
      
19,623
      
37,153
  
Months 49 – 60
    
7,489
      
-
      
1,655
      
-
      
9,144
  
Long-term debt
  
$
37,409
    
$
3,961
    
$
18,675
    
$
32,695
    
$
92,740
  
 
                                        
Interest rate at balance sheet date
    
4.65
%
    
4.53% - 4.61
%
    
4.20
%
    
(3) 
        
Basis spread on interest rates
    
0.00
      
67.75 - 76.00
      
(45.00
)
    
N/A
          
Interest rate reset
  
Quarterly
    
Monthly/Annually
    
Annually
      
N/A
          
Maturity date
  
December 2025
    
July 2023
    
September 2026
      
(3) 
        
Periodic payment amount
  
Increases as loans mature
    
Increases as loans mature
    
Varies (1)
      
(3) 
        
Periodic payment frequency
  
Semiannual, on individual loans
    
Semiannual, on individual loans
    
Semiannual(2)
    
Monthly
          
Loan collateral (carrying amount)
  
$
91,277
      
N/A
    
$
86,892
    
$
41,537
(4) 
        

(1) First five loan repayments will each be for 7.5 percent of the approved 200 million RMB loan principal; last five installments will each be for 12.5 percent of the original approved loan amount.
(2) Semiannual repayments commence in March 2022.
(3) See Note 8 for interest rates on lease liabilities, maturity dates, and periodic payment amounts.
(4) Represents the carrying amount at the balance sheet date of the related right-of-use assets, in which the lessors have secured interests.

As of October 31, 2020
  
Xiamen
Project Loans
    
Xiamen Working
Capital Loans
    
Total
  
Principal due:
                  
Next 12 months
  
$
6,705
    
$
2,265
    
$
8,970
  
Months 13 – 24
  
$
7,334
    
$
7,808
    
$
15,142
  
Months 25 – 36
    
9,592
      
3,814
      
13,406
  
Months 37 – 48
    
9,789
      
-
      
9,789
  
Months 49 – 60
    
9,432
      
-
      
9,432
  
Thereafter
    
7,211
      
-
      
7,211
  
Long-term debt
  
$
43,358
    
$
11,622
    
$
54,980
  
 
                        
Interest rate at balance sheet date
    
4.90
%
    
4.53% - 4.61
%
        
Basis spread on interest rates
    
25.00
      
40.00 - 76.00
          
Loan collateral (carrying amount)
  
$
94,459
      
N/A