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Long-Term debt obligations (Tables)
12 Months Ended
Oct. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
Long-term debt obligations consisted of the following:
October 31,
20202019
(In thousands)
Revolving credit facility (weighted average interest rates of 1.4% at October 31, 2020 and 3.3% at October 31, 2019)
$25,000 $55,000 
Less current maturities of long-term debt— — 
Total long-term debt$25,000 $55,000 
Leverage Ratio on which Spread on Libor Borrowings and Commitment Fee for Unused Balance of Revolving Credit Agreement are Determined The spread on Libor borrowings and the commitment fee for the unused balance of the revolving credit agreement are determined based upon the Company’s leverage ratio as follows:
LevelLeverage RatioSpreadCommitment Fee
1
< 25%
0.25 %0.20 %
2
≥ 25% and < 35%
0.50 %0.25 %
3
≥ 35% and < 45%
1.00 %0.30 %
4
≥ 45%
1.50 %0.35 %
Schedule of Maturities of Long-term Debt
The aggregate annual maturities of long-term debt at October 31, 2020 are as follows (in thousands):

Fiscal YearAmount
2024$25,000 
$25,000