LONG-TERM DEBT

9 Months Ended

Jul. 31, 2018

Debt Disclosure [Abstract]

Long-term Debt [Text Block]

LONG-TERM DEBT

Long-term debt consists of the following (in thousands):

	July 31, 2018			October 31, 2017
Borrowings under revolving credit facility		$614,000			$671,000
Capital leases and note payable	9,818			2,979
	623,818			673,979
Less: Current maturities of long-term debt	(929		)	(451		)
		$622,889			$673,528

The Company's borrowings under its revolving credit facility mature in fiscal 2023. As of July 31, 2018 and October 31, 2017, the weighted average interest rate on borrowings under the Company’s revolving credit facility was 3.2% and 2.4%, respectively. The revolving credit facility contains both financial and non-financial covenants. As of July 31, 2018, the Company was in compliance with all such covenants.

The increase in capital leases and note payable as of July 31, 2018 compared to October 31, 2017 principally relates to a 14-year capital lease for a manufacturing facility that a subsidiary of HEICO Flight Support Corp. became party to during the third quarter of fiscal 2018.