XML 26 R15.htm IDEA: XBRL DOCUMENT v3.21.1
Indebtedness
6 Months Ended
Apr. 30, 2021
Debt Disclosure [Abstract]  
Indebtedness
6Indebtedness
The following is a summary of the company's indebtedness:
(Dollars in thousands)April 30, 2021May 1, 2020October 31, 2020
$600 million revolving credit facility, due June 2023
$— $— $— 
$200 million term loan, due April 2022
100,000 100,000 100,000 
$300 million term loan, due April 2024
170,000 180,000 180,000 
$190 million term loan, due June 2023
— 190,000 90,000 
3.81% series A senior notes, due June 2029
100,000 100,000 100,000 
3.91% series B senior notes, due June 2031
100,000 100,000 100,000 
7.8% debentures, due June 2027
100,000 100,000 100,000 
6.625% senior notes, due May 2037
124,009 123,947 123,978 
Less: unamortized discounts, debt issuance costs, and deferred charges2,554 3,171 2,855 
Total long-term debt691,455 890,776 791,123 
Less: current portion of long-term debt99,959 99,868 99,873 
Long-term debt, less current portion$591,496 $790,908 $691,250 
Principal payments required on the company's outstanding indebtedness, based on the maturity dates defined within the company's debt arrangements, for the remainder of fiscal 2021 and succeeding fiscal years are as follows: fiscal 2021 (remainder), $0.0 million; fiscal 2022, $108.5 million; fiscal 2023, $17.0 million; fiscal 2024, $144.5 million; fiscal 2025, $0.0 million; fiscal 2026, $0.0 million; and after fiscal 2026, $425.0 million. As of April 30, 2021, the company reclassified the remaining $100.0 million outstanding balance under the $200.0 million three-year unsecured senior term loan facility, net of the
related proportionate share of deferred debt issuance costs, to current portion of long-term debt within the Condensed Consolidated Balance Sheets as the maturity date of the $200.0 million three-year unsecured senior term loan facility is April 1, 2022 and is within the next twelve months. During the first six months of fiscal 2021, the company prepaid the remaining $90.0 million of outstanding borrowings under the $190.0 million three-year unsecured senior term loan facility and prepaid $10.0 million of the remaining outstanding borrowings under the $300.0 million five-year unsecured senior term loan facility.