Operating Leases

12 Months Ended

Oct. 31, 2019

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 2019, 2018 and 2017 was $14,266, $14,243 and $11,147, respectively.

Future minimum lease payments under operating leases are as follows at October 31, 2019:




2020	$	12,040
2021	8,960
2022	5,102
2023	3,816
2024	2,717
Thereafter	10,513
Total commitments under non-cancelable operating leases	$	43,148