Operating Leases

12 Months Ended

Oct. 31, 2018

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, 2033. Rent expense under operating leases for fiscal years 2018, 2017 and 2016 was $14,243, $11,147 and $9,544, respectively.

Future minimum lease payments under operating leases are as follows at October 31, 2018:




2019	$	13,158
2020	11,402
2021	8,784
2022	5,207
2023	3,283
Thereafter	12,307
Total commitments under non-cancelable operating leases	$	54,141