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DEBT (Tables) | 3 Months Ended
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Jan. 29, 2023
DEBT [Abstract] |
Long-term Debt | The tables below provide information on our long-term debt.
As of January 29, 2023 |  | Xiamen Project Loans |  |  | Finance Leases |  |  | Total |
Principal due: |  |  |  |  |  |  |  |  |
Next 12 months |  | $ | - |  |  | $ | 6,541 |  |  | $ | 6,541 |
Months 13 – 24 |  | $ | - |  |  | $ | 20,772 |  |  | $ | 20,772 |
Months 25 – 36 |  |  | 3,893 |  |  |  | 2,633 |  |  |  | 6,526 |
Months 37 – 48 |  |  | - |  |  |  | 13 |  |  |  | 13 |
Months 49 – 60 |  |  | - |  |  |  | 12 |  |  |  | 12 |
Long-term debt |  |  | 3,893 |  |  |  | 23,430 |  |  |  | 27,323 |
Total debt (4) |  | $ | 3,893 |  |  | $ | 29,971 |  |  | $ | 33,864 |
Interest rate at balance sheet date |  |  | 4.3 | % |  |  | N/A |  |  |  |  |
Basis spread on interest rates |  |  | 0.00 |  |  |  | N/A |  |  |  |  |
Interest rate reset |  | Quarterly |  |  |  | N/A |  |  |  |  |
Maturity date |  | December 2025 |  |  |  | N/A |  |  |  |  |
Periodic payment amount |  | Varies as loans mature(1)(3) |  |  | Varies as leases mature |  |  |  |  |
Periodic payment frequency |  | Semiannual, on individual loans |  |  | Monthly |  |  |  |  |
Loan collateral (carrying amount) |  | $ | 73,973 |  |  | $ | 37,331 | (2) |  |  |  |
| (1) | During the three-month period ended January 29, 2023, we repaid 30.0 million RMB (approximately $4.4 million), of which, 6.0 million RMB was due to be paid in June 2025, and 24.0 million RMB was due to be paid in December 2025.
| (2) | Represents the carrying amount at the balance sheet date of the related ROU assets, in which the lessors have secured interests.
| (3) | In February 2023, we repaid the entire outstanding balance of 26.4 million RMB (approximately $3.9 million) shown in the table above.
| (4) | We are in compliance with all of our debt covenants as of January 29, 2023.
As of October 31, 2022 |  | Xiamen Project Loans |  |  | Xiamen Working Capital Loans |  |  | Finance Leases |  |  | Total |
Principal due: |  |  |  |  |  |  |  |  |  |  |  |
Next 12 months |  | $ | - |  |  | $ | 3,512 |  |  | $ | 6,512 |  |  | $ | 10,024 |
Months 13 – 24 |  | $ | - |  |  | $ | - |  |  | $ | 6,610 |  |  | $ | 6,610 |
Months 25 – 36 |  |  | 1,098 |  |  |  | - |  |  |  | 17,961 |  |  |  | 19,059 |
Months 37 – 48 |  |  | 6,641 |  |  |  | - |  |  |  | - |  |  |  | 6,641 |
Long-term debt |  | $ | 7,739 |  |  | $ | - |  |  | $ | 24,571 |  |  | $ | 32,310 |
Interest rate at balance sheet date |  |  | 4.30% - 4.45 | % |  |  | 4.46 | % |  |  | N/A |  |  |  |  |
Basis spread on interest rates |  |  | 0.00 |  |  |  | 76 |  |  |  | N/A |  |  |  |  |
Interest rate reset |  | Quarterly |  |  | Monthly/Annually |  |  |  | N/A |  |  |  |  |
Maturity date |  | December 2025 |  |  | July 2023 |  |  |  | N/A |  |  |  |  |
Periodic payment amount |  | Varies as loans mature (1) |  |  | Increases as loans mature |  |  | Varies as leases mature |  |  |  |  |
Periodic payment frequency |  | Semiannual, on individual loans |  |  | Semiannual, on individual loans |  |  | Monthly |  |  |  |  |
Loan collateral (carrying amount) |  | $ | 70,705 |  |  |  | N/A |  |  | $ | 37,976 | (2) |  |  |  |
| (1) | During the three-month period ended October 31, 2022, we repaid 81.0 million RMB (approximately $11.5 million) that had contractual maturity dates ranging from December 2023 through June 2025.
| (2) | 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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