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Other Income - Net | 12 Months Ended
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Oct. 31, 2019
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, 2019, 2018, and 2017 (amounts in thousands):
| 2019 |  | 2018 |  | 2017
Interest income | $ | 19,017 |  |  | $ | 8,570 |  |  | $ | 5,988 |
Income from ancillary businesses | 53,568 |  |  | 25,692 |  |  | 18,934 |
Management fee income from home building unconsolidated entities, net | 9,948 |  |  | 11,740 |  |  | 12,902 |
Retained customer deposits | — |  |  | 8,937 |  |  | 5,801 |
Income from land sales | — |  |  | 6,331 |  |  | 8,621 |
Other | (1,031 | ) |  | 1,190 |  |  | (1,184 | )
Total other income – net | $ | 81,502 |  |  | $ | 62,460 |  |  | $ | 51,062 |
As a result of our adoption of ASC 606 as of November 1, 2018, revenues and cost of revenues from land sales are presented as separate components on our Consolidated Statement of Operations and Comprehensive Income. In addition, retained customer deposits are presented in home sales revenues on our Consolidated Statement of Operations and Comprehensive Income. Because we elected to apply the modified retrospective method of adoption, prior periods have not been restated to reflect these changes in presentation. See Note 1, “Significant Accounting Policies – Recent Accounting Pronouncements” for additional information regarding the impact of the adoption of ASC 606. Management fee income from home building unconsolidated entities presented above primarily represents fees earned by our City Living and Traditional Home Building operations. In addition, in fiscal 2019, 2018 and 2017, our apartment living operations earned fees from unconsolidated entities of $11.9 million, $7.5 million, and $6.2 million, respectively. Fees earned by our apartment living operations are included in income from ancillary businesses above. Income from ancillary businesses is generated by our mortgage, title, landscaping, security monitoring, Gibraltar, apartment living, and golf course and country club operations. The table below provides revenues and expenses for these ancillary businesses for the years ended October 31, 2019, 2018, and 2017 (amounts in thousands):
| 2019 |  | 2018 |  | 2017
Revenues | $ | 150,114 |  |  | $ | 158,051 |  |  | $ | 134,116 |
Expenses | $ | 132,823 |  |  | $ | 132,359 |  |  | $ | 115,182 |
Other income | $ | 36,277 |  |  |  |  |  |  |
In fiscal 2019, we sold seven of our golf club properties to third parties for $64.3 million and we recognized a gain of $35.1 million during the year ended October 31, 2019 as a result of these sales. In fiscal 2018, we recognized a $10.7 million gain from a bulk sale of security monitoring accounts by our home control solutions business, which is included in income from ancillary businesses above. In addition, in fiscal 2018, we recognized a $3.5 million write-down of a commercial property operated by Toll Brothers Apartment Living, which is included in income from ancillary businesses above. The table below provides revenues and expenses recognized from land sales for the years ended October 31, 2018, and 2017 (amounts in thousands):
| 2018 |  | 2017
Revenue | $ | 134,327 |  |  | $ | 284,928 |
Expense | 127,996 |  |  | 281,030 |
Deferred gains recognized |  |  | 4,723 |
| $ | 6,331 |  |  | $ | 8,621 |
Land sale revenues for the year ended October 31, 2018 included $80.3 million related to sale transactions with four Rental Property Joint Ventures in which we have interests ranging from 25% to 50%. On one of these transactions, we recognized a gain of $1.0 million in fiscal 2018. In addition, due to our continued involvement in the joint venture primarily through guarantees provided on the joint venture’s debt, we deferred $3.8 million of the gain realized on this sale. We will recognize the deferred gain into income as the guarantees provided expire. Land sale revenues for the year ended October 31, 2017 included $257.8 million related to sale transactions with two Home Building Joint Ventures and a Rental Property Joint Venture in which we have interests ranging from 20% to 25%. No gain or loss was realized on the sales related to the Home Building Joint Ventures. The deferred gains recognized in the fiscal 2017 period relate 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. See Note 4, “Investments in Unconsolidated Entities,” for more information on these transactions.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 720 -URI http://asc.fasb.org/topic&trid=2122503 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 610 -URI http://asc.fasb.org/topic&trid=49130413 + Details
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