Other Income - Net (Tables)

12 Months Ended

Oct. 31, 2016

Other Income and Expenses [Abstract]

Other Income - net [Table Text Block]

The table below provides the components of other income - net for the years ended October 31, 2016, 2015, and 2014 (amounts in thousands):

	2016		2015		2014
Interest income	$	2,443	$	1,939	$	2,493
Income from ancillary businesses	17,473		23,530		10,653
Gibraltar	6,646		10,168		14,364
Management fee income from unconsolidated entities	10,270		11,299		7,306
Retained customer deposits	5,866		5,224		3,067
Income from land sales	13,327		13,150		25,489
Directly expensed interest					(656		)
Other	2,193		2,263		3,476
Total other income – net	$	58,218	$	67,573	$	66,192

Revenues and Expenses of Non Core Ancillary Businesses [Table Text Block]

The table below provides revenues and expenses for these ancillary businesses for the years ended October 31, 2016, 2015, and 2014 (amounts in thousands):

	2016		2015		2014
Revenue	$	123,512	$	119,732	$	100,284
Expense	$	106,039	$	96,202	$	89,631

Schedule of revenues and expenses from land sales [Table Text Block]

The table below provides revenues and expenses recognized from land sales for the years ended October 31, 2016, 2015, and 2014 (amounts in thousands):

	2016			2015			2014
Revenue	$	85,268		$	183,870		$	242,931
Expense	(70,488		)	(161,460		)	(217,442		)
Deferred gains on land sales to joint ventures	(2,999		)	(9,260		)
Deferred gains recognized	1,546
	$	13,327		$	13,150		$	25,489

Land sale revenues for the year ended October 31, 2016 includes $38.1 million related to an in substance real estate sale transaction which resulted in a new Rental Property Joint Venture in which we have a 50% interest. Due to our continued involvement in the joint venture through our ownership interest, we deferred 50% of the gain realized on the sale. We will amortize the deferred gain into income using the straight line method over the life of the rental property. Land sale revenues for the year October 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 are recognizing the gain as units are sold to the ultimate home buyers. See Note 4, “Investments in Unconsolidated Entities,” for more information on these transactions.