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Leases | 12 Months Ended
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Oct. 31, 2020
Leases [Abstract] |
Leases | Leases The Company has operating lease arrangements for office space, data center, equipment and other corporate assets. These leases have various expiration dates through March 31, 2032, some of which include options to extend the leases for up to 10 years. Because the Company is not reasonably certain to exercise these renewal options, the options are not considered in determining the lease term and associated potential option payments are excluded from lease payments. The components of the Company’s lease expense during the period presented are as follows:
| Year Ended October 31,
| 2020
| (in thousands)
Operating lease expense | $ | 93,636 |
Variable lease expense (1) | 5,147 |
Total lease expense | $ | 98,783 |
(1) Variable lease expense includes payments to lessors that are not fixed or determinable at lease commencement date. These payments primarily consist of maintenance, property taxes, insurance and variable indexed based payments. Supplemental cash flow information during the period presented is as follows:
| Year Ended October 31,
| 2020
| (in thousands)
Cash paid for amounts included in the measurement of operating lease liabilities | $ | 72,828 |
ROU assets obtained in exchange for operating lease liabilities | $ | 69,439 |
Lease term and discount rate information related to the Company’s operating leases as of the end of the period presented are as follows:
| October 31, 2020
Weighted-average remaining lease term (in years) | 8.62 |
Weighted-average discount rate | 2.56 | %
The following represents the maturities of the Company’s future lease payments due under operating leases as of October 31, 2020:
| Lease Payments
Fiscal year | (in thousands)
2021 | $ | 84,534 |
2022 | 79,886 |
2023 | 64,073 |
2024 | 59,751 |
2025 | 53,280 |
Thereafter | 259,969 |
Total future minimum lease payments | 601,493 |
Less: Imputed interest | 65,909 |
Total lease liabilities | $ | 535,584 |
As of October 31, 2020, the Company has additional operating leases for facilities that have not yet commenced with future undiscounted lease payments of $58.6 million. These operating leases will commence before March 1, 2021, with lease terms between 3 years and 9 years. As of October 31, 2019, the future minimum lease payments due under non-cancellable operating leases were as follows:
| Minimum Lease Payments(1)
| (in thousands)
Fiscal year |
2020 | $ | 79,286 |
2021 | 79,703 |
2022 | 69,477 |
2023 | 53,909 |
2024 | 48,730 |
Thereafter | 291,494 |
Total | $ | 622,599 |
(1) Amounts based on Topic 840, Leases. In addition, certain facilities owned by the Company were leased to 3rd parties under non-cancellable operating lease agreements. These leases have annual escalating payments and have expiration dates through March 31, 2031 in accordance with the terms and conditions of the existing agreement. Lease payments due to the Company, over the remaining life of the leases, are approximately $69.6 million as of October 31, 2020.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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