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 April 30,				Six Months Ended April 30,
	2021		2020		2021		2020
	(in thousands)
Operating lease expense (1)	$	23,349	$	23,281	$	46,975	$	46,482

Variable lease expense (2)	1,842		1,050		3,177		1,992
Total lease expense	$	25,191	$	24,331	$	50,152	$	48,474

(1) Operating lease expense includes immaterial amounts of short-term leases, net of sublease income.

(2) 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 April 30,				Six Months Ended April 30,
	2021		2020		2021		2020
	(in thousands)
Cash paid for amounts included in the measurement of operating lease liabilities	$	21,959	$	17,925	$	42,603	$	34,129
ROU assets obtained in exchange for operating lease liabilities	$	65,772	$	25,008	$	81,407	$	29,783

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


	April 30, 2021		October 31, 2020
Weighted-average remaining lease term (in years)	8.27		8.62
Weighted-average discount rate	2.52	%	2.56	%

The following represents the maturities of the Company’s future lease payments due under operating leases as of April 30, 2021:


	Lease Payments
Fiscal year	(in thousands)
Remainder of fiscal 2021	$	43,870
2022	92,812
2023	77,858
2024	72,055
2025	62,808
Thereafter	294,030
Total future minimum lease payments	643,433
Less: Imputed interest	66,870
Total lease liabilities	$	576,563

As of April 30, 2021, the Company has additional operating leases for facilities that have not yet commenced with future undiscounted lease payments of $4.0 million. These operating leases may commence in May 2021, with lease terms between 3 years and 5 years.

In addition, certain facilities owned by the Company were leased to third parties under non-cancellable operating lease agreements. These leases have annual escalating payments and have expiration dates through March 31,

2031 in accordance with the terms and conditions of the existing agreement. The lease payments including sublease income for leased and owned facilities due to the Company as of April 30, 2021 are as follows:


	Lease Payments
Fiscal year	(in thousands)
Remainder of fiscal 2021	$	5,875
2022	15,610
2023	14,912
2024	12,592
2025	6,375
Thereafter	38,032
Total	$	93,396