Leases (Tables)

12 Months Ended

Oct. 31, 2021

Leases

Schedule of lease-related assets and liabilities and cost

The following table presents the lease-related assets and liabilities recorded on the balance sheet as of October 31, 2021 and 2020 (in thousands):

		October 31,		October 31,
		2021		2020
Assets
Non-current assets:
Operating lease assets	Operating lease right-of-use assets	$	59,842	$	60,262
Finance lease assets	Property, plant and equipment, net		6,907		6,830
		$	66,749	$	67,092
Liabilities
Current liabilities:
Operating	Current portion of operating leases	$	6,817	$	6,443
Finance	Current portion of long-term obligations and finance leases		1,587		1,343
Long-term obligations
Operating	Long-term operating leases, less current portion		57,561		58,273
Finance	Long-term obligations and finance leases, less current portion		5,553		5,716
		$	71,518	$	71,775

Weighted-average remaining lease term:	Fiscal 2021		Fiscal 2020
Operating leases	10.1 years		10.0 years
Finance leases	7.1 years		7.9 years
Weighted-average discount rate:
Operating leases	2.80	%	2.83	%
Finance leases	3.20	%	3.28	%

Lease Costs

The following table presents certain information related to the lease costs for finance and operating leases for the year ended October 31, 2021 and 2020 (in thousands):

	Year ended		Year ended
	October 31, 2021		October 31, 2020
Amortization of financing lease assets	$	1,799	$	1,043
Operating lease cost		9,152		8,271
Short-term lease cost		2,981		996
Sublease income		(704)		—
Variable lease cost		275		2,865
Interest on financing lease liabilities		235		235
Total lease cost	$	13,738	$	13,410

Other Information

The following table presents supplemental cash flow information related to the leases for the year ended October 31, 2021 and 2020 (in thousands):

	Year ended		Year ended
Cash paid for amounts included in the measurement of lease liabilities	October 31, 2021		October 31, 2020
Operating cash flows for operating leases	$	7,200	$	7,689
Financing cash flows for finance leases		1,672		1,115
Operating cash flows for finance leases		235		235

Schedule of undiscounted cash flows of operating lease

The following table reconciles the undiscounted cash flows for each of the first five years and total remaining years to the finance lease liabilities and operating lease liabilities recorded on the balance sheet as of October 31, 2021 (in thousands):

	Operating		Finance
	Leases		Leases
2022	$	8,514	$	1,838
2023		8,271		1,684
2024		7,782		1,099
2025		6,878		623
2026		6,586		409
Thereafter		36,319		2,467
Total lease payments		74,350		8,120
Less: imputed interest		9,972		980
Total lease liability	$	64,378	$	7,140

Schedule of undiscounted cash flows of finance lease

	Operating		Finance
	Leases		Leases
2022	$	8,514	$	1,838
2023		8,271		1,684
2024		7,782		1,099
2025		6,878		623
2026		6,586		409
Thereafter		36,319		2,467
Total lease payments		74,350		8,120
Less: imputed interest		9,972		980
Total lease liability	$	64,378	$	7,140