XML 24 R13.htm IDEA: XBRL DOCUMENT v3.5.0.2
LONG-TERM DEBT
 9 Months Ended
Jul. 31, 2016
Debt Disclosure [Abstract]  
Long-term Debt [Text Block]
LONG-TERM DEBT

Long-term debt consists of the following (in thousands):
 
 
July 31, 2016
 
October 31, 2015
Borrowings under revolving credit facility
 

$507,743

 

$365,203

Capital leases
 
2,162

 
2,395

 
 
509,905

 
367,598

Less: Current maturities of long-term debt
 
(335
)
 
(357
)
 
 

$509,570

 

$367,241



As of July 31, 2016 and October 31, 2015, the weighted average interest rate on borrowings under the Company’s revolving credit facility was 1.7% and 1.3%, respectively. The revolving credit facility contains both financial and non-financial covenants. As of July 31, 2016, the Company was in compliance with all such covenants.