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Other Income - Net
12 Months Ended
Oct. 31, 2015
Other Income and Expenses [Abstract]  
Other Income - net [Text Block]
Other Income - Net
The table below provides the components of other income - net for the years ended October 31, 2015, 2014, and 2013 (amounts in thousands):
 
2015
 
2014
 
2013
Interest income
$
1,939

 
$
2,493

 
$
4,457

Income from ancillary businesses
23,530

 
10,653

 
9,912

Gibraltar
10,168

 
14,364

 
10,185

Management fee income from unconsolidated entities
11,299

 
7,306

 
2,890

Retained customer deposits
5,224

 
3,067

 
2,534

Income from land sales
13,150

 
25,489

 
4,435

Income recognized from settlement of litigation

 

 
13,229

Directly expensed interest

 
(656
)
 

Other
2,263

 
3,476

 
4,596

Total other income – net
$
67,573

 
$
66,192

 
$
52,238


In fiscal 2015, our security monitoring business recognized an $8.1 million gain from a bulk sale of security monitoring accounts, which is included in income from ancillary businesses above.
For the year ended October 31, 2014, income from land sales includes $2.9 million of previously deferred gains on our initial sales of the properties to Trust II as further described in Note 4, “Investments in Unconsolidated Entities.”
In fiscal 2013, we recognized income from the settlement of litigation as the result of three derivative lawsuits brought on our behalf against certain of our officers and directors.
Income from ancillary businesses includes our mortgage, title, landscaping, security monitoring, and golf course and country club operations. The table below provides revenues and expenses for these ancillary businesses for the years ended October 31, 2015, 2014, and 2013 (amounts in thousands):
 
2015
 
2014
 
2013
Revenue
$
119,732

 
$
100,284

 
$
89,182

Expense
$
96,202

 
$
89,631

 
$
79,270


The table below provides revenues and expenses recognized from land sales for the years ended October 31, 2015, 2014, and 2013 (amounts in thousands):
 
2015
 
2014
 
2013
Revenue
$
183,870

 
$
242,931

 
$
29,252

Deferred gain on land sale to joint venture
(9,260
)
 


 


Expense
(161,460
)
 
(217,442
)
 
(24,817
)
 
$
13,150

 
$
25,489

 
$
4,435

Land sale revenues for the nine months ended July 31, 2015, include $78.5 million related to property sold to a Home Building Joint Venture in which we have a 25% interest. Due to our continued involvement in the joint venture through our ownership interest and guarantees provided on the joint venture’s debt, we deferred the $9.3 million gain realized on the sale. We will recognize the gain as units are sold to the ultimate home buyers. See Note 4, “Investments in Unconsolidated Entities,” for more information on this transaction.