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Leases (Tables)

9 Months Ended

Jul. 31, 2020

Components of the Company's Operating Lease Portfolio Included in Property, Plant and Equipment

The following table presents the components of the Company’s operating lease portfolio included in property, plant and equipment, net as of the dates indicated (in thousands):


	July 31, 2020		October 31, 2019
Land	$	1,234	$	1,279
Buildings, equipment and building improvements	18,478		22,841
Less accumulated depreciation	(5,512)		(7,551)
Property, plant and equipment, net under operating leases	$	14,200	$	16,569

Composition of Rental Operations Revenue

The Company’s rental operations revenue consists of the following (in thousands):


	Three Months Ended July 31, 2020		Nine Months Ended July 31, 2020
Operating lease revenue	$	1,078	$	3,235
Variable lease revenue	94		242
Total lease revenue	$	1,172	$	3,477

Future Minimum Lease Payments to be Received Related to Net Operating Lease Agreements

The future minimum lease payments to be received by the Company related to these operating lease agreements as of July 31, 2020 are as follows (in thousands):


2020 (excluding the nine months ended July 31, 2020)	$	309
2021	701
2022	508
2023	379
2024	42
Thereafter	758
Total	$	2,697

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases consists of the following (in thousands):


	Classification	July 31, 2020
Assets
Operating lease ROU assets	Other assets	$	2,174

Liabilities and Stockholders' Equity
Current operating lease liabilities	Accrued liabilities	600
Non-current operating lease liabilities	Other long-term liabilities	1,637
Total operating lease liabilities		$	2,237

Weighted-average remaining lease term (in years)		10.8
Weighted-average discount rate		3.8		%

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases consists of the following (in thousands):


	Three Months Ended July 31, 2020		Nine Months Ended July 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	126	$	432

ROU assets obtained in exchange for new operating lease liabilities	$	108	$	108

Future Minimum Lease Payments under Non-Cancellable Leases

Future minimum lease payments under non-cancellable leases for the remainder of fiscal year 2020, each of the subsequent four fiscal years and thereafter are as follows (in thousands):


2020 (excluding the nine months ended July 31, 2020)	$	128
2021	509
2022	358
2023	182
2024	151
Thereafter	1,449
Total lease payments	2,777
Less: Imputed interest	(540)
Total	$	2,237

A summary of the Company’s future minimum payments for obligations under non-cancellable operating leases as of October 31, 2019 was as follows (in thousands):


2020	$	688
2021	492
2022	291
2023	154
2024	134
Thereafter	1,382
	$	3,141