LONG-TERM DEBT (Tables)

3 Months Ended

Feb. 02, 2020

LONG-TERM DEBT [Abstract]

Long-Term Debt

Long-term debt consists of the following:

	February 2, 2020			October 31, 2019
Project Loans	$	35,094		$	34,490
Working Capital Loans (value added tax component)		9,314			9,539
		44,408			44,029
Current portion of long-term debt		(7,959	)		(2,142	)
Long-term debt	$	36,449		$	41,887

Debt Instrument [Line Items]

Maturities of Long-term Debt

At February 2, 2020, maturities of our long-term debt over the next five fiscal years and thereafter were as follows:

2020 (remainder of)	$	1,788
2021		8,449
2022		12,648
2023		3,501
2024		6,704
Thereafter		11,318
	$	44,408

Project Loans [Member]

Debt Instrument [Line Items]

Maturities of Long-term Debt

In November 2018, PDMCX was approved for credit of $50 million, subject to certain limitations related to PDMCX registered capital at the time of the initial approval, pursuant to which PDMCX has and will enter into separate loan agreements (“the Project Loans”) for intermittent borrowings. The Project Loans, which are denominated in Chinese renminbi (RMB), are being used to finance certain capital expenditures in China. PDMCX granted liens on its land, building, and certain equipment, which had a combined carrying value of $92.9 million as of February 2, 2020, as collateral for the Project Loans. As of February 2, 2020, PDMCX had borrowed 243.4 million RMB ($35.1 million) against this approval. Payments on these borrowings are due semi-annually through December 2025; the initial payment is scheduled for June 2020. The table below presents, in U.S. dollars, the timing of future payments against the borrowings.

	Fiscal Year
	2020		2021		2022		2023		2024		2025		2026
Principal payments	$	1,298	$	6,488	$	5,785	$	3,501	$	6,704	$	6,416	$	4,902

Working Capital Loans [Member]

Debt Instrument [Line Items]

Maturities of Long-term Debt

 In November 2018, PDMCX received approval for unsecured credit of $25.0 million, pursuant to which PDMCX may enter into separate loan agreements. Under this credit agreement (the “Working Capital Loans”), PDMCX can borrow up to 140.0 million RMB to pay value-added taxes (“VAT”), and up to 60.0 million RMB to fund operations; combined total borrowings are limited to $25.0 million. As of February 2, 2020, PDMCX had 64.6 million RMB ($9.3 million) outstanding against the approval to pay VAT. Payments on these borrowings are due semiannually, at an increasing rate, through January 2022; PDMCX made installment payments totaling $0.4 million during the three-month period ended February 2, 2020. The table below presents, in U.S. dollars, the timing of future payments against these borrowings.

	Fiscal Year
	2020		2021		2022
Principal payments	$	490	$	1,961	$	6,863