Leases

9 Months Ended

Jul. 31, 2022

Leases [Abstract]

Leases

Leases

We have operating lease arrangements for office space, data center, equipment and other corporate assets. These leases have various expiration dates through December 31, 2040, some of which include options to extend the leases for up to 10 years. Because we are 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 our lease expense during the period presented were as follows:

	Three Months Ended July 31,				Nine Months Ended July 31,
	2022		2021		2022		2021
	(in thousands)
Operating lease expense (1)	$	23,914	$	23,843	$	68,105	$	70,818
Variable lease expense (2)	2,910		2,184		7,904		5,361
Total lease expense	$	26,824	$	26,027	$	76,009	$	76,179

(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 was as follows:

		Nine Months Ended July 31,
		2022		2021
	(in thousands)
Cash paid for amounts included in the measurement of operating lease liabilities		$	62,888	$	64,516
ROU assets obtained in exchange for operating lease liabilities		$	154,693	$	92,149

Lease term and discount rate information related to our operating leases as of the end of the period presented were as follows:

	As of
	July 31, 2022		October 31, 2021
Weighted-average remaining lease term (in years)	9.32		8.00
Weighted-average discount rate	2.18	%	2.01	%

The following represented the maturities of our future lease payments due under operating leases as of July 31, 2022:

	Lease Payments
Fiscal year	(in thousands)
Remainder of fiscal 2022	$	18,637
2023	67,100
2024	90,806
2025	80,162
2026	70,782
2027 and thereafter	400,021
Total future minimum lease payments	727,508
Less: Imputed interest	80,408
Total lease liabilities	$	647,100

In addition, certain facilities owned by us 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 receipts from owned facilities, including sublease income from other facilities leased by us, due to us as of July 31, 2022 were as follows:

	Lease Receipts
Fiscal year	(in thousands)
Remainder of fiscal 2022	$	4,274
2023	16,240
2024	24,591
2025	24,479
2026	25,333
2027 and thereafter	110,189
Total	$	205,106