Other Income - Net

9 Months Ended

Jul. 31, 2023

Other Income and Expenses [Abstract]

Other Income - net

Other Income – Net

The table below provides the significant components of other income – net (amounts in thousands):

	Three months ended July 31,				Nine months ended July 31,
	2023		2022		2023		2022
Interest income	$	8,109	$	375	$	22,187	$	1,970
(Loss) income from ancillary businesses	(1,451)		1,865		(1,543)		16,159
Management fee income earned by home building operations	839		931		2,901		3,306
Gain on litigation settlements – net	—		—		27,683		—
Other	(139)		(1,877)		(775)		(5,205)
Total other income – net	$	7,358	$	1,294	$	50,453	$	16,230

Income (loss) from ancillary businesses is generated by our mortgage, title, landscaping, smart home technology, Gibraltar, apartment living, city living, and golf course and country club operations. The table below provides, for the periods indicated, revenues and expenses for our ancillary businesses (amounts in thousands):

	Three months ended July 31,				Nine months ended July 31,
	2023		2022		2023		2022
Revenues	$	36,057	$	32,994	$	97,238	$	92,581
Expenses	$	37,508	$	31,129	$	98,781	$	76,422

In the nine-month period ended July 31, 2022, our smart home technology business recognized a $9.0 million gain from a bulk sale of security monitoring accounts, which is included in income from ancillary businesses above.

In addition, in the three months ended July 31, 2023 and 2022, our apartment living operations earned fees from unconsolidated entities of $6.7 million and $7.0 million, respectively. In the nine-month periods ended July 31, 2023 and 2022, our apartment living operations earned fees from unconsolidated entities of $19.3 million and $16.6 million, respectively. Fees earned by our apartment living operations are included in income (loss) from ancillary businesses.