Operating Leases

12 Months Ended

Oct. 31, 2011

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

Operating Leases

The Company leases material handling, manufacturing and office equipment under operating leases with terms that range from three to ten years at inception. The leases do not include step rent provisions, escalation clauses, capital improvement funding or other lease concessions that qualify the leases as a contingent rental. Also, the leases do not include a variable related to a published index. The Company's operating leases are charged to expense over the lease term, on a straight-line basis.

The longest lease term of the Company's current leases extends to November 2016. Rent expense under operating leases for fiscal years 2011 and 2010 was $2,382 and $2,977, respectively. Future minimum lease payments under operating leases are as follows at October 31, 2011:




2012		$2,467
2013		2,390
2014		353
2015		18
2016		4