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Other Income - Net
 6 Months Ended
Apr. 30, 2024
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 April 30,Six months ended April 30,
2024202320242023
Interest income$9,007 $6,760 $19,475 $14,078 
Income (loss) from ancillary businesses4,907 2,858 5,747 (91)
Management fee income earned by home building operations
1,157 659 2,306 2,062 
Gain on litigation settlements – net
— — — 27,683 
Other5,295 (97)4,756 (637)
Total other income – net
$20,366 $10,180 $32,284 $43,095 
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 April 30,Six months ended April 30,
 2024202320242023
Revenues$39,159 $33,275 $71,460 $61,181 
Expenses$34,252 $30,417 $65,713 $61,272 
In three-month and six-month periods ending April 30, 2024, our smart home technology business recognized a $4.4 million gain from a bulk sale of security monitoring accounts, which is included in income from ancillary businesses above. No similar amounts were recognized in the three-month and six-month periods ending April 30, 2023.
In three-month and six-month periods ending April 30, 2024, we recognized $5.0 million of write-offs related to previously incurred costs that we believed not to be recoverable in our apartment rental development business operations. In three-month and six-month periods ending April 30, 2023, we recognized $0.4 million of write-offs related to previously incurred costs that we believed not to be recoverable in our apartment rental development business operations.
In the three-month periods ended April 30, 2024 and 2023, income from ancillary businesses included management fees earned on our apartment rental development, high-rise urban luxury condominium, and Gibraltar unconsolidated entities and operations totaling $9.5 million and $8.1 million, respectively. In the six-month periods ended April 30, 2024 and 2023, income from ancillary businesses included management fees earned on our apartment rental development, high-rise urban luxury condominium, and Gibraltar unconsolidated entities and operations totaling $17.1 million and $16.7 million, respectively.