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Leases (Tables)

12 Months Ended

Oct. 31, 2023

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 October 31, 2023 and 2022 (in thousands):

​

​	​	​	​	​	​	​	​
​	​	​	October 31,			October 31,
​	​	​	2023			2022
​	​	​	​	​	​	​	​
Assets			​		​	​
Non-current assets:			​		​	​
Operating lease assets	Operating lease right-of-use assets	​	$	48,033	​	$	54,518
Finance lease assets	Property, plant and equipment, net	​		6,777	​		5,721
​	​	​	$	54,810	​	$	60,239
Liabilities		​			​
Current liabilities:		​			​
Operating	Current portion of operating leases	​	$	7,062	​	$	6,925
Finance	Current portion of long-term obligations and finance leases	​		1,604	​		1,574
Long-term obligations		​			​
Operating	Long-term operating leases, less current portion	​		45,393	​		52,140
Finance	Long-term obligations and finance leases, less current portion	​		5,647	​		4,447
​	​	​	$	59,706	​	$	65,086

​

​	​	​	​	​	​	​
Weighted-average remaining lease term:		Fiscal 2023		​	Fiscal 2022
Operating leases		8.2 years	​	​	9.3 years	​
Finance leases		6.5 years	​	​	6.9 years	​
​	​	​	​	​	​	​
Weighted-average discount rate:			​	​		​
Operating leases		3.10	%	​	2.87	%
Finance leases		4.83	%	​	3.62	%

​

Lease Costs

​

The following table presents certain information related to the lease costs for finance and operating leases for the years ended October 31, 2023 and 2022 (in thousands):

​

​	​	​	​	​	​	​
​		Year ended		​	Year ended
​		October 31, 2023		​	October 31, 2022
Amortization of financing lease assets (recorded in cost of sales)		$	1,913	​	$	1,756
Operating lease cost	​	​	8,511	​	​	8,733
Short-term lease cost	​	​	2,476	​	​	2,483
Sublease income	​	​	—	​	​	(30)
Variable lease cost	​	​	198	​	​	133
Interest on financing lease liabilities	​	​	273	​	​	213
Total lease cost	​	$	13,371	​	$	13,288

​

Other Information

​

The following table presents supplemental cash flow information related to the leases for the years ended October 31, 2023 and 2022 (in thousands):

​

​	​	​	​	​	​	​
​		Year ended		​	Year ended
Cash paid for amounts included in the measurement of lease liabilities		October 31, 2023		​	October 31, 2022
Operating cash flows for operating leases		$	7,043	​	$	7,012
Financing cash flows for finance leases	​	​	1,793	​	​	1,683
Operating cash flows for finance leases	​	​	262	​	​	213

​

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 October 31, 2023 (in thousands):

​

​	​	​	​	​	​	​
​		Operating			Finance
​		Leases			Leases
2024		$	8,556		$	1,909
2025	​	​	7,539	​	​	1,415
2026	​	​	7,058	​	​	1,137
2027	​	​	6,670	​	​	997
2028	​	​	6,501	​	​	748
Thereafter	​	​	23,204	​	​	2,235
Total lease payments	​	​	59,528	​	​	8,441
Less: imputed interest	​	​	7,073	​	​	1,190
Total lease liability		$	52,455		$	7,251

​

Schedule of undiscounted cash flows of finance lease

​

​	​	​	​	​	​	​
​		Operating			Finance
​		Leases			Leases
2024		$	8,556		$	1,909
2025	​	​	7,539	​	​	1,415
2026	​	​	7,058	​	​	1,137
2027	​	​	6,670	​	​	997
2028	​	​	6,501	​	​	748
Thereafter	​	​	23,204	​	​	2,235
Total lease payments	​	​	59,528	​	​	8,441
Less: imputed interest	​	​	7,073	​	​	1,190
Total lease liability		$	52,455		$	7,251

​

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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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X

- 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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

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X

- References

No definition available.

+ Details

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X

- Definition

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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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