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LEASES (Tables)
9 Months Ended
Jul. 31, 2022
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
 
July 31,
2022
   
October 31,
2021
 
             
ROU Assets – Operating Leases
           
Other assets
 
$
3,615
   
$
5,581
 
                 
ROU Assets – Finance Leases
               
Property, plant and equipment, net
 
$
38,694
   
$
40,827
 
                 
Lease Liabilities – Operating Leases
               
Accrued liabilities
 
$
1,547
   
$
2,273
 
Other liabilities
   
2,006
     
3,246
 
   
$
3,553
   
$
5,519
 
                 
Lease Liabilities – Finance Leases
               
Current portion of long-term debt
 
$
6,929
   
$
7,289
 
Long-term debt
   
26,207
     
31,083
 
   
$
33,136
   
$
38,372
 
Future Lease Payments under Noncancelable Operating and Finance Leases

The following table presents future lease payments under noncancelable operating and finance leases as of July 31, 2022. Imputed interest represents the difference between undiscounted cash flows and discounted cash flows.

 
Operating Leases
   
Finance Leases
 
Remainder of fiscal year 2022
 
$
537
   
$
2,213
 
2023
   
1,282
     
6,938
 
2024
   
764
     
6,938
 
2025
   
600
     
18,013
 
2026
   
363
     
-
 
Thereafter
   
139
     
-
 
Total lease payments
   
3,685
     
34,102
 
Imputed interest
   
(132
)
   
(966
)
Lease liabilities
 
$
3,553
   
$
33,136
 
Lease Costs

The following table presents lease costs for the three and nine-month periods ended July 31, 2022, and August 1, 2021.

      Three Months Ended
   
Nine Months Ended
 
   
July 31,
2022
   
August 1,
2021
   
July 31,
2022
   
August 1,
2021
 
Operating lease costs
  $
543     $
802    
$
1,701
   
$
2,190
 
Short-term lease costs
  $
101     $
80    
$
364
   
$
166
 
Variable lease costs
  $
162     $
54    
$
438
   
$
355
 
Interest on finance lease liabilities
  $
126     $
160    
$
400
   
$
361
 
Amortization of ROU assets
  $
711     $
711    
$
2,132
   
$
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.

 
 
July 31,
2022
   
October 31,
2021
 
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
   
3.2
     
2.3
%
   
3.5
     
2.4
%
Finance leases
   
2.5
     
1.5
%
   
3.3
     
1.5
%
Supplemental Cash Flow Information Related to Leases

The following table presents the effects of leases on our condensed consolidated statements of cash flows, and provides leases-related non-cash information for the periods presented.

  Three Months Ended
   
Nine Months Ended
 
   
July 31,
2022
   
August 1,
2021
   
July 31,
2022
   
August 1,
2021
 
Operating cash flows used for operating leases
  $ 538     $ 615    
$
1,688
   
$
1,884
 
Operating cash flows used for finance leases
  $ 131     $ 168    
$
407
   
$
344
 
Financing cash flows used for finance leases
  $ 1,604     $ 2,018    
$
5,236
   
$
2,882
 
ROU assets obtained in exchange for operating lease obligations
  $ 27     $ 50    
$
59
   
$
417
 
ROU assets obtained in exchange for finance lease obligations
  $ -     $ -    
$
-
   
$
42,672