Leases

6 Months Ended

Apr. 30, 2025

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, 2042, 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 are as follows:

	Three Months Ended April 30,				Six Months Ended April 30,
	2025		2024		2025		2024
	(in thousands)
Operating lease expense (1)	$	26,063	$	21,814	$	51,115	$	44,048
Variable lease expense (2)	6,797		5,952		13,557		11,579
Total lease expense	$	32,860	$	27,766	$	64,672	$	55,627

(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:

	Six Months Ended April 30,
	2025		2024
	(in thousands)
Cash paid for amounts included in the measurement of operating lease liabilities(1)	$	52,374	$	49,608
ROU assets obtained in exchange for operating lease liabilities(2)	$	70,957	$	12,224

(1) Cash paid for amounts included in the measurement of operating lease liabilities included cash from discontinued operations of $2.9 million during the six months ended April 30, 2024.

(2) ROU assets obtained in exchange for operating lease liabilities included ROU assets from discontinued operations of $0.2 million during the six months ended April 30, 2024.

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

	As of
	April 30, 2025		October 31, 2024
Weighted-average remaining lease term (in years)	7.21		7.59
Weighted-average discount rate	3.05	%	2.86	%

The following table represents the maturities of our future lease payments due under operating leases as of April 30, 2025:

	Lease Payments
Fiscal year	(in thousands)
Remainder of fiscal 2025	$	59,973
2026	122,550
2027	122,965
2028	108,996
2029	101,896
2030 and thereafter	256,593
Total future minimum lease payments	772,973
Less: Imputed interest	81,365
Total lease liabilities	$	691,608

In addition, the sublease income from facilities leased by us, due to us as of April 30, 2025 are as follows:

	Lease Receipts
Fiscal year	(in thousands)
Remainder of fiscal 2025	$	9,164
2026	18,767
2027	19,689
2028	20,280
2029	20,888
2030 and thereafter	17,867
Total	$	106,655