(5) LEASES

Lessor Accounting

The Company's Lease income is comprised of both fixed and variable income, as follows:

Fixed lease income includes stated amounts per the lease contract, which are primarily related to base rent. Income for these amounts is recognized on a straight line basis.

Variable lease income includes recoveries from tenants, which represents amounts that tenants are contractually obligated to reimburse the Company for the tenants’ portion of Recoverable Costs. Generally the Company’s leases provide for the tenants to reimburse the Company for Recoverable Costs based on the tenants’ share of the actual costs incurred in proportion to the tenants’ share of leased space in the property.

The following table provides a disaggregation of lease income recognized during the three months ended January 31, 2020, under ASC Topic 842, Leases, as either fixed or variable lease income based on the criteria specified in ASC Topic 842 (In thousands):

	Three Months Ended January 31,
	2020			2019
Operating lease income:
Fixed lease income (Base Rent)	$	25,115		$	24,928
Variable lease income (Recoverable Costs)		7,995			8,452
Other lease related income, net:
Above/below market rent amortization		177			135
Uncollectible amounts in lease income		(342	)		(254	)
Total lease income	$	32,945		$	33,261

Future minimum rents under non-cancelable operating leases for the next five years and thereafter, excluding variable lease payments, are as follows (In thousands):

Fiscal Year Ending
2020 ^(a)	$	76,400
2021		89,900
2022		78,500
2023		62,500
2024		51,400
Thereafter		221,800
Total	$	580,500

(a) The future minimum rental income for fiscal 2020 includes amounts due between February 1, 2020 through October 31, 2020.