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Leases (Tables) | 12 Months Ended
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Oct. 31, 2021
Leases [Abstract] |
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 October 31 (in thousands):
| 2021 |  | 2020
Land | $ | 3,516 |  |  | $ | 3,522 |
Buildings, equipment and building improvements | 18,712 |  |  | 18,516 |
Less: accumulated depreciation | (6,331) |  |  | (5,691) |
Property, plant and equipment, net under operating leases | $ | 15,897 |  |  | $ | 16,347 |
Composition of Rental Operations Revenue | The Company’s rental operations revenue consists of the following (in thousands):
| Year ended October 31,
| 2021 |  | 2020
Operating lease revenue | $ | 4,329 |  |  | $ | 4,287 |
Variable lease revenue | 317 |  |  | 335 |
Total lease revenue | $ | 4,646 |  |  | $ | 4,622 |
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 October 31, 2021 are as follows (in thousands):
2022 | $ | 1,274 |
2023 | 1,100 |
2024 | 822 |
2025 | 823 |
2026 | 167 |
Thereafter | 675 |
Total | $ | 4,861 |
Supplemental Balance Sheet Information Related to Leases | Supplemental balance sheet information related to leases consists of the following as of October 31 (in thousands):
| Classification |  | 2021 |  | 2020
Assets |  |  |  |  |
Operating lease ROU assets | Other assets |  | $ | 2,041 |  |  | $ | 2,053 |
Finance lease assets | Other assets |  | 1,142 |  |  | — |
|  |  | $ | 3,183 |  |  | $ | 2,053 |
Liabilities |  |  |  |  |
Current operating lease liabilities | Accrued liabilities and payables to related parties |  | $ | 488 |  |  | $ | 521 |
Current finance lease liabilities | Accrued liabilities |  | 249 |  |  | — |
Non-current operating lease liabilities | Other long-term liabilities |  | 1,648 |  |  | 1,610 |
Non-current finance lease liabilities | Other long-term liabilities |  | 884 |  |  | — |
Total operating lease liabilities |  |  | $ | 3,269 |  |  | $ | 2,131 |
Weighted-average remaining lease term (in years) |  |  |  |
Operating leases |  |  | 10.9 |  | 11.0
Finance leases |  |  | 4.9 |  | — |
Weighted-average discount rate |  |  |  |  |
Operating leases |  |  | 3.7 | % |  | 3.8 | %
Finance leases |  |  | 3.3 | % |  | — |
Supplemental Cash Flow Information Related to Leases | Supplemental cash flow information related to leases consists of the following (in thousands):
|  | Year ended October 31,
|  | 2021 |  | 2020
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash outflows from operating leases |  | $ | 603 |  |  | $ | 559 |
Operating cash outflows from finance leases |  | $ | 3 |  |  | $ | — |
Financing cash outflows from finance leases |  | $ | 18 |  |  | $ | — |
ROU assets obtained in exchange for new operating lease liabilities |  | $ | 271 |  |  | $ | 108 |
Leased assets obtained in exchange for new finance lease liabilities |  | $ | 1,151 |  |  | $ | — |
Future Minimum Lease Payments under Non-Cancellable Leases | Future minimum lease payments under non-cancellable leases for each of the subsequent five fiscal years and thereafter are as follows (in thousands), which excludes $448,000 of operating lease payments for leases that have been signed but not commenced:
| Operating |  | Finance |  | Total
2022 | $ | 488 |  |  | $ | 249 |  |  | $ | 737 |
2023 | 312 |  |  | 249 |  |  | 561 |
2024 | 281 |  |  | 249 |  |  | 530 |
2025 | 210 |  |  | 249 |  |  | 459 |
2026 | 134 |  |  | 229 |  |  | 363 |
Thereafter | 1,192 |  |  | — |  |  | 1,192 |
Total lease payments | 2,617 |  |  | 1,225 |  |  | 3,842 |
Less: Imputed interest | (481) |  |  | (92) |  |  | (573) |
Present value of lease liabilities | $ | 2,136 |  |  | $ | 1,133 |  |  | $ | 3,269 |
Future Minimum Lease Payments under Non-Cancellable Leases | Future minimum lease payments under non-cancellable leases for each of the subsequent five fiscal years and thereafter are as follows (in thousands), which excludes $448,000 of operating lease payments for leases that have been signed but not commenced:
| Operating |  | Finance |  | Total
2022 | $ | 488 |  |  | $ | 249 |  |  | $ | 737 |
2023 | 312 |  |  | 249 |  |  | 561 |
2024 | 281 |  |  | 249 |  |  | 530 |
2025 | 210 |  |  | 249 |  |  | 459 |
2026 | 134 |  |  | 229 |  |  | 363 |
Thereafter | 1,192 |  |  | — |  |  | 1,192 |
Total lease payments | 2,617 |  |  | 1,225 |  |  | 3,842 |
Less: Imputed interest | (481) |  |  | (92) |  |  | (573) |
Present value of lease liabilities | $ | 2,136 |  |  | $ | 1,133 |  |  | $ | 3,269 |

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