LEASES

12 Months Ended

Oct. 31, 2023

LEASES [Abstract]

LEASES

NOTE 10 - LEASES

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

Classification	October 31, 2023		October 31, 2022
ROU Assets – Operating Leases
Other assets	$	6,189	$	3,341
ROU Assets – Finance Leases
Property, plant and equipment, net	$	35,165	$	37,976
Lease Liabilities – Operating Leases
Accrued liabilities	$	1,912	$	1,354
Other liabilities		4,218		1,928
	$	6,130	$	3,282
Lease Liabilities – Finance Leases
Current portion of long-term debt	$	6,621	$	6,512
Long-term debt		17,998		24,571
	$	24,619	$	31,083

The following table presents future lease payments under noncancelable operating and finance leases as of October 31, 2023. Imputed interest represents the difference between undiscounted cash flows and discounted cash flows.

Fiscal Year	Operating Leases			Finance Leases
2024	$	2,015		$	6,951
2025		1,712			18,026
2026		1,327			13
2027		1,088			13
2028		247			1
Total lease payments	$	6,389		$	25,004
Imputed interest		(259	)		(385	)
Lease liabilities	$	6,130		$	24,619

The following table presents lease costs for 2023, 2022, and 2021.

	Year Ended
	October 31, 2023		October 31, 2022		October 31, 2021
Operating lease costs	$	2,278	$	2,253	$	2,904
Short-term lease costs	$	462	$	469	$	232
Variable lease costs	$	656	$	603	$	498
Interest on finance lease	$	426	$	522	$	510
Amortization of ROU assets	$	2,870	$	2,917	$	1,867

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

	October 31, 2023					October 31, 2022
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		3.7		2.4	%		3.1		2.3	%
Finance leases		1.2		1.5	%		2.2		1.5	%

The following table presents the effects of leases on our 2023, 2022, and 2021 consolidated statements of cash flows, and provides leases-related non-cash information for those years.

	Year Ended
	October 31, 2023		October 31, 2022		October 31, 2021
Operating cash flows used for operating leases	$	2,271	$	2,259	$	2,442
Operating cash flows used for finance leases	$	429	$	566	$	464
Financing cash flows used for finance leases	$	6,521	$	7,289	$	4,323
ROU assets obtained in exchange for operating lease obligations	$	5,116	$	513	$	457
ROU assets obtained in exchange for finance lease obligations	$	-	$	-	$	42,672