LEASES (Tables)

3 Months Ended

Jan. 31, 2020

Leases [Abstract]

Schedule of Future Minimum Rental Payments for Operating Leases

The future maturities of obligations under non-cancelable operating leases at January 31, 2020 were as follows (in thousands):

Fiscal Year	Amount
2020 (remainder)	$	11,639
2021	14,416
2022	11,929
2023	8,277
2024	4,694
Thereafter	2,381
Total undiscounted operating lease payments	53,336
Less: imputed interest	(3,527)
Present value of lease liabilities	$	49,809

Lease, Cost

The following table presents the components of our lease costs (in thousands) paid during the three months ended January 31, 2020:

Description	Three Months Ended January 31, 2020
Operating lease cost	$	4,397
Short-term lease cost	865
Variable lease cost (1)	101,641
Total lease cost	$	106,903

(1) Variable lease costs are attributable to payments made to independent contract poultry producers and are based on or influenced by output received from contract producers, birds placed, poultry house size and relative performance.

Other information regarding our operating leases includes the following:

Description	Three Months Ended January 31, 2020
Cash outflows for operating leases included in the measurement of lease liabilities (in thousands)	$	4,856
Non-cash amount of right of use assets and lease liabilities recorded upon adoption (in thousands) (1)	54,665
Weighted-average remaining lease term (years)	4.1
Weighted-average discount rate	2.42		%

(1) There were no new right of use assets obtained in exchange for lease liabilities during the three months ended January 31, 2020.