(8) COMMITMENTS AND CONTINGENCIES

Operating Lease Commitments:

Under the terms of noncancellable operating leases with terms greater than one year, the minimum rental, excluding the provision for real estate taxes, is as follows:

 

For the years ended October 31,		Operating Leases				Sublease Income
		(in thousands)
Remainder of 2016		$	5,012			$	32
2017			6,512				42
2018			5,194				21
2019			3,624				—
2020			2,612				—
Thereafter			8,360				—
Total minimum lease payments		$	31,314			$	95

Claims and Lawsuits:

The Company and its subsidiaries are subject to claims and lawsuits which arise in the ordinary course of business. On the basis of information presently available and advice received from counsel representing the Company and its subsidiaries, it is the opinion of management that the disposition or ultimate determination of such claims and lawsuits against the Company will not have a material adverse effect on the Company’s financial condition or results of operations.