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LEASES | 12 Months Ended
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Oct. 31, 2023
LEASES [Abstract] |
LEASES | NOTE 10 - LEASES The following table provides information on operating and finance leases included in our consolidated balance sheets.
Classification |  | October 31, 2023 |  |  | October 31, 2022 |
ROU Assets – Operating Leases |  |  |  |  |  |
Other assets |  | $ | 6,189 |  |  | $ | 3,341 |
ROU Assets – Finance Leases |  |  |  |  |  |  |  |
Property, plant and equipment, net |  | $ | 35,165 |  |  | $ | 37,976 |
Lease Liabilities – Operating Leases |  |  |  |  |  |  |  |
Accrued liabilities |  | $ | 1,912 |  |  | $ | 1,354 |
Other liabilities |  |  | 4,218 |  |  |  | 1,928 |
|  | $ | 6,130 |  |  | $ | 3,282 |
Lease Liabilities – Finance Leases |  |  |  |  |  |  |  |
Current portion of long-term debt |  | $ | 6,621 |  |  | $ | 6,512 |
Long-term debt |  |  | 17,998 |  |  |  | 24,571 |
|  | $ | 24,619 |  |  | $ | 31,083 |
The following table presents future lease payments under noncancelable operating and finance leases as of October 31, 2023. Imputed interest represents the difference between undiscounted cash flows and discounted cash flows.
Fiscal Year |  | Operating Leases |  |  | Finance Leases |
2024 |  | $ | 2,015 |  |  | $ | 6,951 |
2025 |  |  | 1,712 |  |  |  | 18,026 |
2026 |  |  | 1,327 |  |  |  | 13 |
2027 |  |  | 1,088 |  |  |  | 13 |
2028 |  |  | 247 |  |  |  | 1 |
Total lease payments |  | $ | 6,389 |  |  | $ | 25,004 |
Imputed interest |  |  | (259 | ) |  |  | (385 | )
Lease liabilities |  | $ | 6,130 |  |  | $ | 24,619 |
The following table presents lease costs for 2023, 2022, and 2021.
|  | Year Ended |
|  | October 31, 2023 |  |  | October 31, 2022 |  |  | October 31, 2021 |
Operating lease costs |  | $ | 2,278 |  |  | $ | 2,253 |  |  | $ | 2,904 |
Short-term lease costs |  | $ | 462 |  |  | $ | 469 |  |  | $ | 232 |
Variable lease costs |  | $ | 656 |  |  | $ | 603 |  |  | $ | 498 |
Interest on finance lease |  | $ | 426 |  |  | $ | 522 |  |  | $ | 510 |
Amortization of ROU assets |  | $ | 2,870 |  |  | $ | 2,917 |  |  | $ | 1,867 |
The following table presents statistical information related to our operating and finance leases. The information presented is as of the balance sheet dates.
|  | October 31, 2023 |  | October 31, 2022 |
Classification |  | Weighted- average remaining lease term (in years) |  | Weighted- average discount rate |  | Weighted- average remaining lease term (in years) |  | Weighted- average discount rate |
Operating leases |  |  |  | 3.7 |  |  |  | 2.4 | % |  |  | 3.1 |  |  |  | 2.3 | %
Finance leases |  |  |  | 1.2 |  |  |  | 1.5 | % |  |  | 2.2 |  |  |  | 1.5 | %
The following table presents the effects of leases on our 2023, 2022, and 2021 consolidated statements of cash flows, and provides leases-related non-cash information for those years.
|  | Year Ended |
|  | October 31, 2023 |  |  | October 31, 2022 |  |  | October 31, 2021 |
Operating cash flows used for operating leases |  | $ | 2,271 |  |  | $ | 2,259 |  |  | $ | 2,442 |
Operating cash flows used for finance leases |  | $ | 429 |  |  | $ | 566 |  |  | $ | 464 |
Financing cash flows used for finance leases |  | $ | 6,521 |  |  | $ | 7,289 |  |  | $ | 4,323 |
ROU assets obtained in exchange for operating lease obligations |  | $ | 5,116 |  |  | $ | 513 |  |  | $ | 457 |
ROU assets obtained in exchange for finance lease obligations |  | $ | - |  |  | $ | - |  |  | $ | 42,672 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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