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Leases (Tables)

9 Months Ended

Jul. 31, 2020

Leases

Schedule of lease-related assets and liabilities and cost

The following table presents the lease-related assets and liabilities recorded on the balance sheet as of July 31, 2020 (in thousands):

​

​	​	​	​	​
​	​	​	July 31,
​	​	​	2020
​	​	​	​	​
Assets			​
Non-current assets:			​
Operating lease assets	Operating lease right-of-use assets	​	$	61,875
Finance lease assets	Property, plant and equipment, net	​		6,970
​	​	​	$	68,845
Liabilities		​
Current liabilities:		​
Operating	Current portion of operating leases	​	$	6,399
Finance	Current portion of long-term debt and finance leases	​		1,275
Long-term obligations		​
Operating	Long-term operating leases, less current portion	​		59,899
Finance	Long-term debt and finance leases, less current portion	​		5,903
​	​	​	$	73,476

​

​	​	​	​
Weighted-average remaining lease term:
Operating leases		10.2 years	​
Finance leases		8.1 years	​
​	​	​	​
Weighted-average discount rate:			​
Operating leases		2.84	%
Finance leases		3.33	%

​

Lease Costs

​

The following table presents certain information related to the lease costs for finance and operating leases for the three and nine months ended July 31, 2020 (in thousands):

​

​	​	​	​	​	​	​
​		Three months ended			Nine months ended
​		July 31, 2020		​	July 31, 2020
Amortization of financing lease assets		$	272	​	$	829
Operating lease cost	​	​	2,062	​	​	6,174
Short-term lease cost	​	​	975	​	​	2,637
Variable lease cost	​	​	742	​	​	2,008
Interest on financing lease liabilities	​	​	60	​	​	177
Total lease cost	​	$	4,111	​	$	11,825

​

Other Information

​

The following table presents supplemental cash flow information related to the leases for the three and nine months ended July 31, 2020 (in thousands):

​

​	​	​	​	​	​	​
​		Three months ended			Nine months ended
Cash paid for amounts included in the measurement of lease liabilities		July 31, 2020		​	July 31, 2020
Operating cash flows for operating leases		$	2,031	​	$	5,661
Financing cash flows for finance leases	​	​	311	​	​	794
Operating cash flows for finance leases	​	​	60	​	​	177

Schedule of undiscounted cash flows of operating lease

The following table reconciles the undiscounted cash flows for each of the first five years and total remaining years to the finance lease liabilities and operating lease liabilities recorded on the balance sheet as of July 31, 2020 (in thousands):

​

​	​	​	​	​	​	​
​		Operating			Finance
​		Leases			Leases
Remainder of 2020		$	2,032		$	373
2021	​	​	8,192	​	​	1,478
2022	​	​	8,007	​	​	1,344
2023	​	​	7,913	​	​	1,234
2024	​	​	7,571	​	​	764
Thereafter	​	​	43,226	​	​	3,159
Total lease payments	​	​	76,941	​	​	8,352
Less: imputed interest	​	​	10,643	​	​	1,174
Total lease liability		$	66,298		$	7,178

Schedule of undiscounted cash flows of finance lease

​

​	​	​	​	​	​	​
​		Operating			Finance
​		Leases			Leases
Remainder of 2020		$	2,032		$	373
2021	​	​	8,192	​	​	1,478
2022	​	​	8,007	​	​	1,344
2023	​	​	7,913	​	​	1,234
2024	​	​	7,571	​	​	764
Thereafter	​	​	43,226	​	​	3,159
Total lease payments	​	​	76,941	​	​	8,352
Less: imputed interest	​	​	10,643	​	​	1,174
Total lease liability		$	66,298		$	7,178

Minimum Cash Payments Under Non-Cancelable Operating Leases

​

​	​	​	​	​
2020		$	9,534	​
2021	​		9,007	​
2022	​		8,672	​
2023	​		8,603	​
2024	​		8,203	​
Thereafter	​		50,796	​
​	​	$	94,815	​

Schedule of Capital Lease Payments

​

​	​	​	​	​
​		Total
Year ending October 31:	​	​	​	​
2020	​	$	907	​
2021	​		915	​
2022	​		908	​
2023	​		900	​
2024	​		548	​
Thereafter	​		3,162	​
Minimum lease payments	​		7,340	​
Less interest	​		(1,166)	​
Present value of future minimum lease payments	​	$	6,174	​

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980

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- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980

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Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
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Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value.

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- Definition

Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.

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