Long-Term Obligations

12 Months Ended

Oct. 31, 2018

11. Long-Term Obligations

Long-term obligations at fiscal year ends consist of the following (in thousands):


	2018		2017
Capital leases		432		568
Less current portion		(118)		(129)
	$	314	$	439

The Company and FCW entered into a Term Loan Agreement (Term Agreement) in connection with the RFG acquisition, effective May 31, 2011. Under the terms of the Term Agreement, we were advanced $15 million for the purchase of RFG. Pursuant to this agreement, we were required to make 60 monthly principal and interest payments, from July 1, 2011 to June 1, 2016. In fiscal 2016, this term loan was repaid in full.

At October 31, 2018, capital lease payments are scheduled as follows (in thousands):


	Total
Year ending October 31:
2019	$	140
2020		129
2021		108
2022		64
2023		—
Thereafter		—
Minimum lease payments		441
Less interest		(9)
Present value of future minimum lease payments	$	432