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LONG-TERM DEBT
6 Months Ended
Apr. 30, 2017
Debt Disclosure [Abstract]  
Long-term Debt [Text Block]
LONG-TERM DEBT

Long-term debt consists of the following (in thousands):
 
 
April 30, 2017
 
October 31, 2016
Borrowings under revolving credit facility
 

$457,852

 

$455,083

Capital leases and note payable
 
3,020

 
3,142

 
 
460,872

 
458,225

Less: Current maturities of long-term debt
 
(407
)
 
(411
)
 
 

$460,465

 

$457,814



The Company's borrowings under its revolving credit facility mature in fiscal 2019. As of April 30, 2017 and October 31, 2016, the weighted average interest rate on borrowings under the Company’s revolving credit facility was 2.0% and 1.6%, respectively. Borrowings under the revolving credit facility denominated in Euros were €32 million as of both April 30, 2017 and October 31, 2016 of which the U.S. dollar equivalent was $34.9 million and $35.1 million, respectively. The revolving credit facility contains both financial and non-financial covenants. As of April 30, 2017, the Company was in compliance with all such covenants.

In April 2017, the Company increased the aggregate principal amount of its revolving credit facility by $200 million to $1.0 billion through increased commitments from existing lenders.