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Leases (Tables)

12 Months Ended

Oct. 31, 2020

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



	Year Ended October 31,
	2020
	(in thousands)
Operating lease expense	$	93,636
Variable lease expense ⁽¹⁾	5,147
Total lease expense	$	98,783

⁽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:



	Year Ended October 31,
	2020
	(in thousands)
Cash paid for amounts included in the measurement of operating lease liabilities	$	72,828
ROU assets obtained in exchange for operating lease liabilities	$	69,439

Lessee, Lease Term and Discount Rate

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



	October 31, 2020
Weighted-average remaining lease term (in years)	8.62
Weighted-average discount rate	2.56	%

Lessee, Operating Lease, Liability, Maturity

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



	Lease Payments
Fiscal year	(in thousands)
2021	$	84,534
2022	79,886
2023	64,073
2024	59,751
2025	53,280
Thereafter	259,969
Total future minimum lease payments	601,493
Less: Imputed interest	65,909
Total lease liabilities	$	535,584

Schedule of Future Minimum Rental Payments for Operating Leases

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.