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LEASES (Tables)
 12 Months Ended
Oct. 31, 2024
LEASES [Abstract]  
Information on Operating and Finance Leases Included in Consolidated Balance Sheets

The following table provides information on operating and finance leases included in the Company’s consolidated balance sheets.


Classification
  
October 31,
2024
    
October 31,
2023
  
             
ROU Assets – Operating Leases
            
Other assets
  
$
5,010
    
$
6,189
  
                 
ROU Assets – Finance Leases
                
Property, plant and equipment, net
  
$
32,293
    
$
35,165
  
                 
Lease Liabilities – Operating Leases
                
Accrued liabilities
  
$
1,925
    
$
1,912
  
Other liabilities
    
3,037
      
4,218
  
   
$
4,962
    
$
6,130
  
                 
Lease Liabilities – Finance Leases
                
Current portion of long-term debt
  
$
17,972
    
$
6,621
  
Long-term debt
    
25
      
17,998
  
   
$
17,997
    
$
24,619
  
Future Lease Payments under Noncancelable Operating and Finance Leases

The following table presents future lease payments under noncancelable operating and finance leases as of October 31, 2024. Imputed interest represents the difference between undiscounted cash flows and discounted cash flows.


Fiscal Year
  
Operating
Leases
    
Finance
Leases
  
2025
  
$
2,039
    

18,027
  
2026
    
1,651
      
13
  
2027
    
1,228
      
13
  
2028
    
267
      
1
  
2029 and thereafter
    
6
      
-
  
Total lease payments
   $
5,191
    
18,054
  
Imputed interest
    
(229
)
    
(57
)
Lease liabilities
  
$
4,962
    

17,997
  
Lease Costs

The following table presents lease costs for 2024, 2023, and 2022.


   
Year Ended
  
   
October 31,
2024
    
October 31,
2023
    
October 31,
2022
  
Operating lease costs
  
$
2,255
    
$
2,278
     $
 2,253  
Short-term lease costs
  
$
1,273
    
$
462
     $ 469  
Variable lease costs
  
$
595
    
$
656
     $ 603  
Interest on finance lease
  
$
330
    
$
426
     $ 522  
Amortization of ROU assets
  
$
2,950
    
$
2,870
     $ 2,917  
Weighted-Average Remaining Lease Terms And Weighted-Average Discount Rates

The following table presents statistical information related to the Company’s operating and finance leases. The information presented is as of the balance sheet dates.


   
October 31, 2024
  
October 31, 2023
  
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
      
2.8
      
3.2
%
    
3.7
      
2.4
%
Finance leases
      
0.2
      
1.5
%
    
1.2
      
1.5
%
Cash and Non-cash Information Related to Leases

The following table presents the effects of leases on the Company’s 2024, 2023, and 2022 consolidated statements of cash flows, and provides leases-related non-cash information for those years.


   
Year Ended
  

 
October 31,
2024
    
October 31,
2023
    
October 31,
2022
  
Operating cash flows used for operating leases
  
$
2,241
    
$
2,271
     $
2,259  
Operating cash flows used for finance leases
  
$
330
    
$
429
     $ 566  
Financing cash flows used for finance leases
  
$
6,621
    
$
6,521
     $ 7,289  
ROU assets obtained in exchange for operating lease obligations
  
$
842
    
$
5,116
     $ 513