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DEBT (Tables) | 6 Months Ended
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May 01, 2022
DEBT [Abstract] |
Long-term Debt | The tables below provide information on our long-term debt.
As of May 1, 2022 |  | Xiamen Project Loans |  |  | Xiamen Working Capital Loans |  |  | Hefei Equipment Loan |  |  | Finance Leases |  |  | Total |
Principal due: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Next 12 months |  | $ | - |  |  | $ | 969 |  |  | $ | 4,540 |  |  | $ | 6,901 |  |  | $ | 12,410 |
Months 13 – 24 |  | $ | 6,266 |  |  | $ | 3,390 |  |  | $ | 4,540 |  |  | $ | 6,560 |  |  | $ | 20,756 |
Months 25 – 36 |  |  | 9,837 |  |  |  | - |  |  |  | 7,567 |  |  |  | 21,279 |  |  |  | 38,683 |
Months 37 – 48 |  |  | 9,080 |  |  |  | - |  |  |  | 1,619 |  |  |  | - |  |  |  | 10,699 |
Long-term debt |  | $ | 25,183 |  |  | $ | 3,390 |  |  | $ | 13,726 |  |  | $ | 27,839 |  |  | $ | 70,138 |
Total debt |  | $ | 25,183 |  |  | $ | 4,359 |  |  | $ | 18,266 |  |  | $ | 34,740 |  |  | $ | 82,548 |
Interest rate at balance sheet date |  |  | 4.60 | % |  |  | 4.61 | % |  |  | 4.20 | % |  |  |  | (3) |  |  |  |
Basis spread on interest rates |  |  | 0.00 |  |  |  | 76.00 |  |  |  | (45.00 | ) |  |  | N/A |  |  |  |  |
Interest rate reset |  | Quarterly |  |  | Monthly/Annually |  |  | Annually |  |  |  | N/A |  |  |  |  |
Maturity date |  | December 2025 |  |  | July 2023 |  |  | September 2025 |  |  |  |  | (3) |  |  |  |
Periodic payment amount |  | Varies 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) |  | $ | 82,920 |  |  |  | N/A |  |  | $ | 81,024 |  |  | $ | 39,405 | (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 approved loan principal. (2) Semiannual repayments commenced in March 2022. (3) See Note 7 for periodic payment amounts. (4) Represents the carrying amount at the balance sheet date of the related ROU assets, in which the lessors have secured interests.
As of October 31, 2021 |  | Xiamen Project Loans |  |  | Xiamen Working Capital Loans |  |  | Hefei Equipment Loan |  |  | Finance Leases |  |  | Total |
Principal due: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Next 12 months |  | $ | 2,068 |  |  | $ | 8,197 |  |  | $ | 4,694 |  |  | $ | 7,289 |  |  | $ | 22,248 |
Months 13 – 24 |  | $ | 10,071 |  |  | $ | 4,005 |  |  | $ | 4,693 |  |  | $ | 6,512 |  |  | $ | 25,281 |
Months 25 – 36 |  |  | 10,278 |  |  |  | - |  |  |  | 6,257 |  |  |  | 6,610 |  |  |  | 23,145 |
Months 37 – 48 |  |  | 9,902 |  |  |  | - |  |  |  | 5,585 |  |  |  | 17,961 |  |  |  | 33,448 |
Months 49 – 60 |  |  | 7,572 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 7,572 |
Long-term debt |  | $ | 37,823 |  |  | $ | 4,005 |  |  | $ | 16,535 |  |  | $ | 31,083 |  |  | $ | 89,446 |
Total |  | $ | 39,891 |  |  | $ | 12,202 |  |  | $ | 21,229 |  |  | $ | 38,372 |  |  | $ | 111,694 |
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 2025 |  |  |  |  | (3) |  |  |  |
Periodic payment amount |  | Varies 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) |  | $ | 90,096 |  |  |  | N/A |  |  | $ | 86,487 |  |  | $ | 40,826 | (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 approved loan principal. (2) Semiannual repayments commenced in March 2022. (3) See Note 7 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 ROU assets, in which the lessors have secured interests.

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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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