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DEBT (Tables) | 9 Months Ended
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Aug. 01, 2021
DEBT [Abstract] |
Long-term Debt | The tables below provide information on our long-term debt.
As of August 1, 2021 |  | Xiamen Project Loans |  |  | Xiamen Working Capital Loans |  |  | Hefei Equipment Loan |  |  | Finance Leases |  |  | Total |
Principal due: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Next 12 months |  | $ | 7,615 |  |  | $ | 8,108 |  |  | $ | 2,321 |  |  | $ | 7,119 |  |  | $ | 25,163 |
Months 13 – 24 |  | $ | 9,961 |  |  | $ | 3,961 |  |  | $ | 4,642 |  |  | $ | 6,487 |  |  | $ | 25,051 |
Months 25 – 36 |  |  | 10,165 |  |  |  | - |  |  |  | 4,642 |  |  |  | 6,585 |  |  |  | 21,392 |
Months 37 – 48 |  |  | 9,794 |  |  |  | - |  |  |  | 7,736 |  |  |  | 19,623 |  |  |  | 37,153 |
Months 49 – 60 |  |  | 7,489 |  |  |  | - |  |  |  | 1,655 |  |  |  | - |  |  |  | 9,144 |
Long-term debt |  | $ | 37,409 |  |  | $ | 3,961 |  |  | $ | 18,675 |  |  | $ | 32,695 |  |  | $ | 92,740 |
Interest rate at balance sheet date |  |  | 4.65 | % |  |  | 4.53% - 4.61 | % |  |  | 4.20 | % |  |  |  | (3) |  |  |  |
Basis spread on interest rates |  |  | 0.00 |  |  |  | 67.75 - 76.00 |  |  |  | (45.00 | ) |  |  | N/A |  |  |  |  |
Interest rate reset |  | Quarterly |  |  | Monthly/Annually |  |  | Annually |  |  |  | N/A |  |  |  |  |
Maturity date |  | December 2025 |  |  | July 2023 |  |  | September 2026 |  |  |  |  | (3) |  |  |  |
Periodic payment amount |  | Increases as loans mature |  |  | Increases as loans mature |  |  | Varies (1) |  |  |  |  | (3) |  |  |  |
Periodic payment frequency |  | Semiannual, on individual loans |  |  | Semiannual, on individual loans |  |  | Semiannual(2) |  |  | Monthly |  |  |  |  |
Loan collateral (carrying amount) |  | $ | 91,277 |  |  |  | N/A |  |  | $ | 86,892 |  |  | $ | 41,537 | (4) |  |  |  |
(1) First five loan repayments will each be for 7.5 percent of the approved 200 million RMB loan principal; last five installments will each be for 12.5 percent of the original approved loan amount. (2) Semiannual repayments commence in March 2022. (3) See Note 8 for interest rates on lease liabilities, maturity dates, and periodic payment amounts. (4) Represents the carrying amount at the balance sheet date of the related right-of-use assets, in which the lessors have secured interests.
As of October 31, 2020 |  | Xiamen Project Loans |  |  | Xiamen Working Capital Loans |  |  | Total |
Principal due: |  |  |  |  |  |  |  |  |
Next 12 months |  | $ | 6,705 |  |  | $ | 2,265 |  |  | $ | 8,970 |
Months 13 – 24 |  | $ | 7,334 |  |  | $ | 7,808 |  |  | $ | 15,142 |
Months 25 – 36 |  |  | 9,592 |  |  |  | 3,814 |  |  |  | 13,406 |
Months 37 – 48 |  |  | 9,789 |  |  |  | - |  |  |  | 9,789 |
Months 49 – 60 |  |  | 9,432 |  |  |  | - |  |  |  | 9,432 |
Thereafter |  |  | 7,211 |  |  |  | - |  |  |  | 7,211 |
Long-term debt |  | $ | 43,358 |  |  | $ | 11,622 |  |  | $ | 54,980 |
Interest rate at balance sheet date |  |  | 4.90 | % |  |  | 4.53% - 4.61 | % |  |  |  |
Basis spread on interest rates |  |  | 25.00 |  |  |  | 40.00 - 76.00 |  |  |  |  |
Loan collateral (carrying amount) |  | $ | 94,459 |  |  |  | N/A |  |  |  |  |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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