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Leases (Tables)

12 Months Ended

Oct. 31, 2020

Leases [Abstract]

Lease Cost and Additional Lease Information

Additional lease information is summarized below for the twelve months ended October 31, 2020:

			October 31, 2020
			Finance Leases						Operating Leases
Amortization of right of use assets			$	7,087					$	—
Interest			350						—
Lease cost(1)			7,437						21,489
Short-term and variable lease cost(1)			1,478						3,011
Total lease cost			$	8,915					$	24,500

(1) Lease costs are recorded in both Cost of sales and Selling and administrative expenses on the Consolidated Statements of Income.

Supplemental cash flow information is summarized below for the twelve months ended October 31, 2020:

Cash outflows for leases			$	7,605					$	20,918
Weighted average remaining lease term (years)			4.65						10.47
Weighted average discount rate			2.39%						1.70%

Finance Lease, Liability, Fiscal Year Maturity

The following table reconciles the undiscounted cash flows for five years and thereafter to the operating and finance lease liabilities recognized on the Consolidated Balance Sheet as of October 31, 2020. The reconciliation excludes short-term leases that are not recognized on the Consolidated Balance Sheet.

Year:						Finance Leases						Operating Leases
2021						$	6,226					$	18,821
2022						4,332						17,367
2023						2,655						14,805
2024						999						13,163
2025						652						11,265
Later years						2,956						63,986
Total minimum lease payments						17,820						139,407
Amounts representing interest						1,366						13,172
Present value of minimum lease payments						$	16,454					$	126,235

Lessee, Operating Lease, Liability, Maturity

The following table reconciles the undiscounted cash flows for five years and thereafter to the operating and finance lease liabilities recognized on the Consolidated Balance Sheet as of October 31, 2020. The reconciliation excludes short-term leases that are not recognized on the Consolidated Balance Sheet.

Year:						Finance Leases						Operating Leases
2021						$	6,226					$	18,821
2022						4,332						17,367
2023						2,655						14,805
2024						999						13,163
2025						652						11,265
Later years						2,956						63,986
Total minimum lease payments						17,820						139,407
Amounts representing interest						1,366						13,172
Present value of minimum lease payments						$	16,454					$	126,235

X

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980

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X

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980

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X

- References

No definition available.

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X

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980

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