Company: HEI-A
Filing Date: 2025-12-22
Form Type: 10-K
Source: 0000046619-25-000082
Chunk: 123

Company: HEICO CORP
Filing Date: 2025-12-22
Form: 10-K
Item: Item 8
Chunk 123
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4,804 Interest on finance lease liabilities 1,333 1,660 Variable lease expense928 839 Total finance lease expense $6,158 $7,303 (1)    Excludes short-term lease expense, which is not material.The following table presents a maturity analysis of the Company's lease liabilities as of October 31, 2025 for the next five fiscal years and thereafter (in thousands):Operating Leases Finance LeasesYear ending October 31, 2026$33,835 $4,276 202731,681 4,156 202824,882 3,713 202919,111 3,110 203017,559 2,185 Thereafter49,291 3,486 Total minimum lease payments176,359 20,926 Less: imputed interest(35,638)(3,143)Present value of minimum lease payments$140,721 $17,783 The Company does not have any material leases that have been signed but have yet to commence as of October 31, 2025.The following table presents the weighted average remaining lease term and discount rate of the Company’s leases:Operating Leases As of October 31,Finance Leases As of October 31,  2025202420252024Weighted average remaining lease term (years)6.77.25.66.7Weighted average discount rate6.9%6.7%6.1%6.2%

97

The following table presents supplemental disclosures of cash flow information associated with the Company's leases for fiscal 2025 and 2024 (in thousands):Operating Leases  As of October 31, Finance Leases As of October 31,2025202420252024Cash paid for amounts included in the measurement of lease liabilities:Operating cash flows $34,503 $31,045 $1,333 $1,660 Financing cash flows— — 3,929 3,948 Right-of-use assets obtained in exchange for new lease liabilities, net of terminations (1)25,574 33,232 (4,311)1,037 (1)    Finance lease activity for fiscal 2025 reflects a net reduction, driven solely by the non-cash reclassification of a finance lease to an operating lease upon modification.

10.    SHAREHOLDERS’ EQUITY

Common Stock and Class A Common