Debt |
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| Debt | Note 16. Debt Debt as of April 30, 2025 and October 31, 2024 consisted of the following (in thousands):
OpCo Financing Facility Interest Rate Swap – Fair Value Adjustment The Company’s interest rate swap related to the OpCo Financing Facility (as defined elsewhere herein) is recorded at its fair value each reporting period, with the resulting gains/losses recorded to other income/expense. The interest rate swap is a Level 2 asset/liability since the value can be determined based on the observed values for underlying interest rates. The fair value adjustment for the three and six months ended April 30, 2025 resulted in losses of $1.6 million and $0.8 million, respectively. The fair value adjustment for the three and six months ended April 30, 2024 resulted in a gain (loss) of $2.7 million and $(0.8) million, respectively. The Company has recorded a derivative liability within long-term debt and other liabilities on the Consolidated Balance Sheets, which had an estimated fair value of $0.5 million as of April 30, 2025, and a derivative asset within other assets on the Consolidated Balance Sheets, which had an estimated fair value of $0.3 million as of October 31, 2024, respectively. |
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