LEASES (Tables)

9 Months Ended

Aug. 01, 2021

LEASES [Abstract]

Information on Operating and Finance Leases Included in Consolidated Balance Sheets

The following table provides information on operating and finance leases included in our consolidated balance sheets.

Classification	August 1, 2021		October 31, 2020
ROU Assets – Operating Leases
Other assets	$	6,238	$	7,706
ROU Assets – Finance Leases
Property, plant and equipment, net	$	41,537	$	-
Lease Liabilities – Operating Leases
Accrued liabilities	$	2,258	$	2,175
Other liabilities		3,786		5,008
	$	6,044	$	7,183
Lease Liabilities – Finance Leases
Current portion of long-term debt	$	7,119	$	-
Long-term debt		32,695		-
	$	39,814	$	-

Future Lease Payments under Noncancelable Operating and Finance Leases

The following table presents future lease payments under noncancelable operating and finance leases as of August 1, 2021. Imputed interest represents the difference between undiscounted cash flows and discounted cash flows.

	Operating Leases		Finance Leases
Remainder of fiscal year 2021	$	585	$	2,174
2022		2,338		7,231
2023		1,363		6,938
2024		810		6,938
2025		647		18,013
Thereafter		559		-
Total lease payments		6,302		41,294
Imputed interest		258		1,480
Lease liabilities	$	6,044	$	39,814

Lease Costs

The following table presents lease costs for the three and nine-month periods ended August 1, 2021 and August 2, 2020.

	Three Months Ended				Nine Months Ended
	August 1, 2021		August 2, 2020		August 1, 2021		August 2, 2020
Operating lease costs	$	802	$	663	$	2,190	$	2,459
Short-term lease costs	$	80	$	43	$	166	$	255
Variable lease costs	$	54	$	131	$	355	$	259
Interest on lease liabilities	$	160	$	-	$	361	$	-
Amortization of ROU assets	$	711	$	-	$	1,156	$	-

Weighted-Average Lease Terms and Weighted-Average Discount Rates

The following table presents statistical information related to our operating and finance leases. The information presented is as of the balance sheet dates.

	August 1, 2021					October 31, 2020
Classification	Weighted-average remaining lease term (in years)		Weighted-average discount rate			Weighted-average remaining lease term (in years)		Weighted-average discount rate
Operating leases		3.6		2.35	%		4.1		2.37	%
Finance leases		3.7		1.50	%		-		-

Supplemental Cash Flow Information Related to Leases

Supplemental cash flows information

	Three Months Ended				Nine Months Ended
	August 1, 2021		August 2, 2020		August 1, 2021		August 2, 2020
Operating cash flows used for operating leases	$	615	$	621	$	1,844	$	3,008
Operating cash flows used for finance leases	$	168	$	-	$	344	$	-
Financing cash flows used for finance leases	$	2,018	$	-	$	2,882	$	-
ROU assets obtained in exchange for operating lease obligations	$	50	$	2,098	$	417	$	2,438
ROU assets obtained in exchange for finance lease obligations	$	-	$	-	$	42,672	$	-