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LEASES
 12 Months Ended
Oct. 31, 2024
Leases [Abstract]  
Lessee, Operating Leases LEASES
    HEICO’s lease ROU assets represent its right to use an underlying asset during the lease term and its lease liabilities represent the Company’s obligation to make lease payments arising from the lease. HEICO’s operating lease ROU assets are included within other assets and its operating lease liabilities are included within other long-term liabilities and accrued expenses and other current liabilities in the Company’s Consolidated Balance Sheets. HEICO's finance lease ROU assets are included within property, plant and equipment, net and its finance lease liabilities are included within long-term debt, net of current maturities and short-term debt and current maturities of long-term debt within the Company's Consolidated Balance Sheets. The following table presents the Company’s lease ROU assets and lease liabilities (in thousands):
Operating Leases
As of October 31, 		Finance Leases
As of October 31,
2024202320242023
Right-of-use assets $131,836 $121,373 $24,024 $26,608 
Current lease liabilities $23,422 $20,503 $4,060 $4,254 
Long-term lease liabilities 113,458 104,759 21,800 23,564 
Total lease liabilities $136,880 $125,262 $25,860 $27,818 

The Company’s operating lease expenses are recorded within cost of sales and/or SG&A expenses in the Company’s Consolidated Statements of Operations. The Company's finance lease expenses consist of amortization of ROU assets and interest on lease liabilities, which are included within cost of sales and/or SG&A expenses, and interest expense, respectively, in the Company's Consolidated Statements of Operations. Further, interest expense on finance leases is recognized using the effective interest method based on the discount rate determined at lease commencement.

The following table presents the components of lease expense for fiscal 2024 and 2023 (in thousands):    

Year ended October 31,
20242023
Operating Leases:
Operating lease expense $32,655 $24,192 
Variable lease expense5,574 4,047 
Total operating lease expense (1)
$38,229 $28,239 
Finance Leases:
Amortization of finance lease ROU assets $4,804 $3,026 
Interest on finance lease liabilities 1,660 1,211 
Variable lease expense839 617 
Total finance lease expense $7,303 $4,854 

(1)    Excludes short-term lease expense, which is not material.
The following table presents a maturity analysis of the Company's lease liabilities as of October 31, 2024 for the next five fiscal years and thereafter (in thousands):

Operating Leases Finance Leases
Year ending October 31,
2025$31,153 $5,497 
202628,645 4,857 
202725,006 4,760 
202819,246 4,338 
202914,843 3,786 
Thereafter54,521 8,253 
Total minimum lease payments173,414 31,491 
Less: imputed interest(36,534)(5,631)
Present value of minimum lease payments$136,880 $25,860 

The Company does not have any material leases that have been signed but have yet to commence as of October 31, 2024.

The following table presents the weighted average remaining lease term and discount rate of the Company’s leases:
Operating Leases
As of October 31,		Finance Leases
As of October 31,
2024202320242023
Weighted average remaining lease term (years)7.27.16.77.5
Weighted average discount rate6.7 %6.2 %6.2 %6.1 %
    
The following table presents supplemental disclosures of cash flow information associated with the Company's leases for fiscal 2024 and 2023 (in thousands):

Operating Leases
As of October 31, 		Finance Leases
As of October 31,
2024202320242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows $31,045 $22,058 $1,660 $1,211 
Financing cash flows— — 3,948 2,663 
Right-of-use assets obtained in exchange for new lease liabilities, net of terminations33,232 26,271 1,037 5