OPERATING LEASES

12 Months Ended

Oct. 31, 2014

13. OPERATING LEASES

We lease facilities, certain equipment and vehicles under operating leases that expire at various dates through 2024. Future payments required under operating leases as of October 31, 2014, are summarized as follows (in thousands):

2015	$	3,325
2016		2,407
2017		1,662
2018		1,057
2019 and thereafter		1,403
Total	$	9,854

Lease expense for the years ended October 31, 2014, 2013, and 2012 was $4.0 million, $3.6 million, and $3.3 million, respectively.

We recorded approximately $118,000 of lease income during fiscal 2014 from leasing 34,000 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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