LEASES (Tables)

12 Months Ended

Oct. 31, 2020

LEASES [Abstract]

Lease Payments Under Non-cancelable Leases

ROU assets underlying our leases include the land and facilities of some of our operating facilities, other real property, and machinery and equipment. As of October 31, 2020, we had ROU assets under operating leases of $7.7 million, included in Other Assets, and $2.2 million and $5.0 million of lease liabilities, included in Accrued liabilities and Other liabilities, respectively, on the consolidated balance sheet. The following tables present lease payments under non-cancellable leases as of October 31, 2020.

	Fiscal Year												Total Lease		Imputed
	2021		2022		2023		2024		2025		Thereafter		Payments		Interest*		Total
Lease payments	$	2,275	$	2,157	$	1,205	$	756	$	618	$	524	$	7,535	$	352	$	7,183

*Imputed interest represents difference between undiscounted cash flows and discounted cash flows.

Lease Costs

The following table presents lease costs for the year ended October 31, 2020.

	Year Ended
	October 31, 2020
Operating lease costs	$	3,076
Short-term lease costs	$	359
Variable lease costs	$	378

Supplemental Information Related to Leases

Presented below is other information related to our operating leases.

Supplemental cash flows information:
	Year Ended
	October 31, 2020
Operating cash flows used for operating leases	$	3,584
ROU assets obtained in exchange for operating lease obligations	$	2,681

Weighted-Average Lease Terms And Weighted-Average Discount Rates

	As of
	October 31, 2020
Weighted-average remaining lease term	4.1 years
Weighted-average discount rate		2.37	%

Future Minimum Lease Payments Under Non-cancelable Operating Leases

Rent expense, as calculated under guidance in effect prior to our adoption of the new leases guidance, was $3.0 million in fiscal year 2019. At October 31, 2019, future minimum lease payments under non-cancelable operating leases with initial terms in excess of one year were as presented in the table below. The amounts are undiscounted and were calculated in accordance with guidance in effect prior to our adoption of the new leases guidance.

2020	$	1,885
2021		1,613
2022		1,535
2023		742
2024		424
Thereafter		377
	$	6,576