Leases

12 Months Ended

Oct. 31, 2018

Note 10 — Leases

We have lease commitments expiring at various dates, principally for manufacturing, warehouse and office space, automobiles and office equipment. Many leases contain renewal options and some contain purchase options and residual guarantees.

Rent expense for all operating leases was approximately $19,131, $17,938 and $18,047 in 2018, 2017 and 2016, respectively.

Amortization of assets recorded under capital leases is recorded in depreciation expense.

Assets held under capitalized leases and included in property, plant and equipment are as follows:

	2018			2017
Transportation equipment	$	18,226		$	17,594
Other		7,892			8,121
Total capitalized leases		26,118			25,715
Accumulated amortization		(12,956	)		(11,408	)
Net capitalized leases	$	13,162		$	14,307

At October 31, 2018, future minimum lease payments under non-cancelable capitalized and operating leases are as follows:

	Capitalized Leases		Operating Leases
Year:
2019	$	6,161	$	16,603
2020		4,241		11,520
2021		2,152		9,394
2022		909		8,050
2023		665		5,299
Later years		4,070		15,232
Total minimum lease payments		18,198	$	66,098
Less amount representing executory costs		1,926
Net minimum lease payments		16,272
Less amount representing interest		2,867
Present value of net minimum lease payments		13,405
Less current portion		4,555
Long-term obligations at October 31, 2018	$	8,850