Operating Leases

12 Months Ended

Oct. 31, 2015

Operating Leases

The Company leases buildings, material handling, manufacturing and office equipment under operating leases with terms that range from one to fifteen 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 May 2029. Rent expense under operating leases for fiscal years 2015, 2014, and 2013 was $8,449, $4,613 and $2,203, respectively. Future minimum lease payments under operating leases are as follows at October 31, 2015:




2016	$	9,580
2017	8,915
2018	7,926
2019	6,906
2020	5,961
Thereafter	6,216
Total commitments under non-cancelable operating leases	$	45,504