Leases

3 Months Ended

Jan. 31, 2020

The Company has operating lease arrangements for office space, data center, equipment and other corporate assets. These leases have various expiration dates through October 31, 2031, some of which include options to extend the leases for up to 10 years. Because the Company is not reasonably certain to exercise these renewal options, the options are not considered in determining the lease term, and associated potential option payments are excluded from lease payments.

The components of the Company's lease expense during the period presented are as follows:



	Three Months Ended January 31,
	2020
	(in thousands)
Operating lease expense	$	23,201
Variable lease expense ⁽¹⁾	942
Total lease expense	$	24,143

⁽¹⁾ Variable lease expense includes payments to lessors that are not fixed or determinable at lease commencement date. These payments primarily consist of maintenance, property taxes, insurance and variable indexed based payments.

Supplemental cash flow information during the period presented is as follows:



	Three Months Ended January 31,
	2020
	(in thousands)
Cash paid for amounts included in the measurement of operating lease liabilities	$	16,204
ROU assets obtained in exchange for operating lease liabilities	4,775

Lease term and discount rate information related to the Company's operating leases as of the end of the period presented are as follows:



	January 31, 2020
Weighted-average remaining lease term (in years)	9.16
Weighted-average discount rate	2.58	%

The following represents the maturities of the Company's future lease payments due under operating leases as of January 31, 2020:



	Lease Payments
Fiscal year	(in thousands)
Remainder of fiscal 2020	$	58,228
2021	78,445
2022	68,128
2023	52,472
2024	48,699
Thereafter	292,350
Total future minimum lease payments	598,322
Less: Imputed interest	70,896
Total lease liabilities	$	527,426

As of January 31, 2020, the Company has additional operating leases for facilities that have not yet commenced with future undiscounted lease payments of $3.2 million. These operating leases will commence between February 1, 2020 and August 31, 2025, with lease terms between 2 years and 6 years.

As of October 31, 2019, the future minimum lease payments due under non-cancellable operating leases were as follows:



	Minimum Lease Payments⁽¹⁾
	(in thousands)
Fiscal year
2020	$	79,286
2021	79,703
2022	69,477
2023	53,909
2024	48,730
Thereafter	291,494
Total	$	622,599

⁽¹⁾ Amounts based on Topic 840, Leases.