Debt (Tables)

12 Months Ended

Oct. 31, 2018

Debt as of October 31, 2018 and 2017 consisted of the following (in thousands):

	2018			2017
Hercules Loan and Security Agreement	$	25,343		$	21,468
State of Connecticut Loan		10,000			10,000
Finance obligation for sale-leaseback transactions		46,062			46,937
Connecticut Green Bank Note		6,052			6,052
Connecticut Development Authority Note		284			2,349
New Britain Renewable Energy Term Loan		1,107			1,697
Capitalized lease obligations		341			632
Deferred finance costs		(1,311	)		(1,344	)
Total debt	$	87,878		$	87,791
Current portion of long-term debt		(17,596	)		(28,281	)
Long-term debt	$	70,282		$	59,510

Aggregate Annual Principal Payments under Loan Agreements and Capital Lease Obligations

Aggregate annual principal payments under our loan agreements and capital lease obligations for the years subsequent to October 31, 2018 are as follows (in thousands):

Year 1	$	17,908
Year 2		17,174
Year 3		4,064
Year 4		4,089
Year 5		4,640
Thereafter ⁽¹⁾		16,481
	$	64,356

(1)

The annual principal payments included above only include sale-leaseback payments whereas the difference between debt outstanding as of October 31, 2018 and the annual principal payments represent accreted interest and amounts included in the finance obligation that exceed required principal payments.