Operating Leases

12 Months Ended

Oct. 31, 2017

We lease 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. Our operating leases are charged to expense over the lease term, on a straight-line basis.

The longest lease term of our current leases extends to May 2029. Rent expense under operating leases for fiscal years 2017, 2016, and 2015 was $11,147, $9,544 and $8,449, respectively.

Future minimum lease payments under operating leases are as follows at October 31, 2017:




2018	$	11,328
2019	10,448
2020	9,076
2021	7,379
2022	3,121
Thereafter	3,885
Total commitments under non-cancelable operating leases	$	45,237