OPERATING LEASES

12 Months Ended

Oct. 31, 2012

12.

OPERATING LEASES

We lease facilities, certain equipment and vehicles under operating leases that expire at various dates through 2017. Future payments required under operating leases as of October 31, 2012, are summarized as follows (in thousands):

2013	$	3,037
2014		2,019
2015		1,106
2016		663
2017 and thereafter		153
Total	$	6,978

Lease expense for the years ended October 31, 2012, 2011, and 2010 was $3.3 million, $3.0 million, and $2.7 million, respectively.

We recorded approximately $160,000 of lease income during fiscal 2012 from leasing 50,000 square feet of our Indianapolis facility. The lease expires on March 31, 2013.

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

+ References+ Details