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Leases (Tables) | 12 Months Ended
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Oct. 27, 2024
Leases [Abstract] |
Schedule of supplemental balance sheet information, lease term, and discount rate | Lease information included on the Consolidated Statements of Financial Position are:
In thousands | Location on Consolidated Statements of Financial Position | October 27, 2024 | October 29, 2023
Right-of-Use Assets |  |  |  |  |
Operating | Other Assets |  | $ | 147,698 |  |  | $ | 131,920 |
Finance | Net Property, Plant, and Equipment |  | 30,484 |  |  | 37,999 |
Total Right-of-Use Assets |  |  | $ | 178,183 |  |  | $ | 169,919 |
Lease Liabilities |  |  |  |  |
Current |  |  |  |  |
Operating | Accrued Expenses |  | $ | 32,068 |  |  | $ | 26,238 |
Finance | Current Maturities of Long-term Debt |  | 7,383 |  |  | 8,597 |
Long-term |  |  |  |  |
Operating | Other Long-term Liabilities |  | 121,286 |  |  | 109,237 |
Finance | Long-term Debt Less Current Maturities |  | 20,158 |  |  | 27,488 |
Total Lease Liabilities |  |  | $ | 180,894 |  |  | $ | 171,560 |
The weighted-average remaining lease term and discount rate for lease liabilities included on the Consolidated Statements of Financial Position are:
| October 27, 2024 | October 29, 2023
Weighted-average Remaining Lease Term |  |
Operating Leases | 6.1 years | 6.0 years
Finance Leases | 4.4 years | 5.3 years
Weighted-average Discount Rate |  |
Operating Leases | 4.43 | % | 4.43 | %
Finance Leases | 3.27 | % | 3.37 | %
Schedule of lease expenses and supplemental cash flow and other information related to leases | Lease expenses are:
| Fiscal Year Ended
In thousands | October 27, 2024 | October 29, 2023 | October 30, 2022
Operating Lease Cost (1) |  | $ | 42,200 |  |  | $ | 34,209 |  |  | $ | 25,702 |
Finance Lease Cost |  |  |  |  |  |
Amortization of Right-of-Use Assets |  | 7,562 |  |  | 7,594 |  |  | 7,965 |
Interest on Lease Liabilities |  | 1,042 |  |  | 1,361 |  |  | 1,707 |
Variable Lease Cost (2) |  | 390,032 |  |  | 511,906 |  |  | 463,439 |
Total Lease Cost |  | $ | 440,836 |  |  | $ | 555,070 |  |  | $ | 498,813 |
(1) Includes short-term lease costs, which are immaterial. (2) ASC 842 - Leases requires disclosure of payments related to agreements with an embedded lease that are not otherwise reflected on the Consolidated Statements of Financial Position. The Company’s variable lease costs primarily include inventory-related expenses, such as materials, labor, and overhead from manufacturing and service agreements that contain embedded leases. Variability of these costs is determined based on usage or output and may vary for other reasons such as changes in material prices. Supplemental cash flow and other information related to leases for the fiscal year ended are:
In thousands | October 27, 2024 | October 29, 2023 | October 30, 2022
Cash Paid for Amounts Included in the Measurement of Lease Liabilities |  |  |  |  |  |
Operating Cash Flows from Operating Leases |  | $ | 35,619 |  |  | $ | 29,436 |  |  | $ | 24,098 |
Operating Cash Flows from Finance Leases |  | 1,042 |  |  | 1,361 |  |  | 1,707 |
Financing Cash Flows from Finance Leases |  | 8,599 |  |  | 8,407 |  |  | 8,491 |
Right-of-Use Assets obtained in exchange for new finance lease liabilities |  | 55 |  |  | 19 |  |  | — |
Right-of-Use Assets obtained in exchange for new operating lease liabilities |  | 48,294 |  |  | 84,087 |  |  | 19,646 |
Schedule of maturities of financing lease liabilities | The maturity of the Company’s lease liabilities as of October 27, 2024, are:
In thousands |  | Operating Leases |  | Finance Leases (1) |  | Total (2)
2025 |  | $ | 38,343 |  |  | $ | 8,126 |  |  | $ | 46,469 |
2026 |  | 34,674 |  |  | 5,691 |  |  | 40,364 |
2027 |  | 26,020 |  |  | 4,335 |  |  | 30,354 |
2028 |  | 17,481 |  |  | 10,542 |  |  | 28,023 |
2029 |  | 16,180 |  |  | 685 |  |  | 16,865 |
2030 and beyond |  | 43,040 |  |  | — |  |  | 43,040 |
Total Lease Payments |  | $ | 175,738 |  |  | $ | 29,377 |  |  | $ | 205,115 |
Less: Imputed Interest |  | 22,385 |  |  | 1,836 |  |  | 24,222 |
Present Value of Lease Liabilities |  | $ | 153,354 |  |  | $ | 27,541 |  |  | $ | 180,894 |
(1) Over the life of the lease contracts, finance lease payments include $7.2 million related to purchase options which are reasonably certain of being exercised. (2) Lease payments exclude $36.0 million of legally binding minimum lease payments for leases signed but not yet commenced as of October 27, 2024.
Schedule of maturities of operating lease liabilities | The maturity of the Company’s lease liabilities as of October 27, 2024, are:
In thousands |  | Operating Leases |  | Finance Leases (1) |  | Total (2)
2025 |  | $ | 38,343 |  |  | $ | 8,126 |  |  | $ | 46,469 |
2026 |  | 34,674 |  |  | 5,691 |  |  | 40,364 |
2027 |  | 26,020 |  |  | 4,335 |  |  | 30,354 |
2028 |  | 17,481 |  |  | 10,542 |  |  | 28,023 |
2029 |  | 16,180 |  |  | 685 |  |  | 16,865 |
2030 and beyond |  | 43,040 |  |  | — |  |  | 43,040 |
Total Lease Payments |  | $ | 175,738 |  |  | $ | 29,377 |  |  | $ | 205,115 |
Less: Imputed Interest |  | 22,385 |  |  | 1,836 |  |  | 24,222 |
Present Value of Lease Liabilities |  | $ | 153,354 |  |  | $ | 27,541 |  |  | $ | 180,894 |
(1) Over the life of the lease contracts, finance lease payments include $7.2 million related to purchase options which are reasonably certain of being exercised. (2) Lease payments exclude $36.0 million of legally binding minimum lease payments for leases signed but not yet commenced as of October 27, 2024.

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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