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Other Income - Net | 3 Months Ended
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Jan. 31, 2018
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 January 31,
| 2018 |  | 2017
Interest income | $ | 2,080 |  |  | $ | 941 |
Income from ancillary businesses | 2,583 |  |  | 2,235 |
Management fee income from home building unconsolidated entities, net | 3,071 |  |  | 4,289 |
Retained customer deposits | 1,084 |  |  | 1,746 |
Income from land sales | 700 |  |  | 3,559 |
Other | (521 | ) |  | (67 | )
Total other income – net | $ | 8,997 |  |  | $ | 12,703 |
Management fee income from home building unconsolidated entities presented above primarily represents fees earned by Toll Brothers City Living® (“City Living”) and home building operations. In addition, in the three-month periods ended January 31, 2018 and 2017, our apartment living operations earned fees from unconsolidated entities of $2.3 million and $1.6 million, respectively; fees earned by our apartment living operations are included in income from ancillary businesses. Income from ancillary businesses includes our mortgage, title, landscaping, security monitoring, Gibraltar, 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 January 31,
| 2018 |  | 2017
Revenues | $ | 31,323 |  |  | $ | 28,880 |
Expenses | $ | 28,740 |  |  | $ | 26,645 |
The table below provides, for the periods indicated, revenues and expenses recognized from land sales (amounts in thousands):
| Three months ended January 31,
| 2018 |  | 2017
Revenues | $ | 6,968 |  |  | $ | 144,714 |
Expenses | (6,268 | ) |  | (144,273 | )
Deferred gain recognized |  |  | 3,118 |
Income from land sales | $ | 700 |  |  | $ | 3,559 |
Land sale revenues for the three months ended January 31, 2017 includes $143.3 million related to an in substance real estate sale transaction which resulted in a new Home Building Joint Venture in which we have a 20% interest. No gain or loss was realized on the sale. The deferred gains recognized in the fiscal 2017 period relates to the sale of a property in fiscal 2015 to a Home Building Joint Venture in which we had a 25% interest. Due to our continued involvement in this unconsolidated entity through our ownership interest and guarantees provided on the entity’s debt, we deferred the $9.3 million gain realized on the sale. We recognized the gain as units were sold to the ultimate home buyers which is included in deferred gains recognized above. In the fourth quarter of fiscal 2017, we purchased the remaining inventory from this Home Building Joint Venture. The remaining unamortized deferred gain was used to reduce the basis of the inventory acquired.

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 720 -URI http://asc.fasb.org/topic&trid=2122503 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 610 -URI http://asc.fasb.org/topic&trid=49130413 + Details
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