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LONG-TERM DEBT
 3 Months Ended
Jan. 31, 2017
Debt Disclosure [Abstract]  
Long-term Debt [Text Block]
LONG-TERM DEBT

Long-term debt consists of the following (in thousands):
 
 
January 31, 2017
 
October 31, 2016
Borrowings under revolving credit facility
 

$414,338

 

$455,083

Capital leases
 
2,991

 
3,142

 
 
417,329

 
458,225

Less: Current maturities of long-term debt
 
(397
)
 
(411
)
 
 

$416,932

 

$457,814



The Company's borrowings under its revolving credit facility mature in fiscal 2019. As of January 31, 2017 and October 31, 2016, the weighted average interest rate on borrowings under the Company’s revolving credit facility was 1.8% and 1.6%, respectively. Borrowings under the revolving credit facility denominated in Euros were €32 million as of both January 31, 2017 and October 31, 2016 of which the U.S. dollar equivalent was $34.3 million and $35.1 million, respectively. The revolving credit facility contains both financial and non-financial covenants. As of January 31, 2017, the Company was in compliance with all such covenants.