OPERATING LEASES

12 Months Ended

Oct. 31, 2013

13. OPERATING LEASES

We lease facilities, certain equipment and vehicles under operating leases that expire at various dates through 2019. Future payments required under operating leases as of October 31, 2013, are summarized as follows (in thousands):

2014	$	3,013
2015		1,699
2016		1,127
2017		601
2018 and thereafter		508
Total	$	6,948

Lease expense for the years ended October 31, 2013, 2012, and 2011 was $3.6 million, $3.3 million, and $3.0 million, respectively.

We recorded approximately $151,000 of lease income during fiscal 2013 from leasing 45,000 square feet of our Indianapolis facility. The lease expires on April 30, 2016.

- 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.

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