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Other Income - Net | 3 Months Ended
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Jan. 31, 2019
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,
| 2019 |  | 2018
Interest income | $ | 5,872 |  |  | $ | 2,080 |
Income from ancillary businesses | 13,844 |  |  | 2,583 |
Management fee income from home building unconsolidated entities, net | 1,608 |  |  | 3,071 |
Retained customer deposits | — |  |  | 1,084 |
Income from land sales | — |  |  | 700 |
Other | (463 | ) |  | (521 | )
Total other income – net | $ | 20,861 |  |  | $ | 8,997 |
As a result of our adoption of ASU 2014-09, as further discussed in Note 1, as of November 1, 2018, revenues and cost of revenues from land sales are presented as separate components on our Condensed Consolidated Statement of Operations and Comprehensive Income. In addition, retained customer deposits are presented in home sales revenues on our Condensed 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. Management fee income from home building unconsolidated entities presented above primarily represents fees earned by Toll Brothers City Living® (“City Living”) and traditional home building operations. In addition, in the three-month periods ended January 31, 2019 and 2018, our apartment living operations earned fees from unconsolidated entities of $2.7 million and $2.3 million, respectively. Fees earned by our apartment living operations are included in income from ancillary businesses. Income from ancillary businesses is generated by 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,
| 2019 |  | 2018
Revenues | $ | 32,283 |  |  | $ | 31,323 |
Expenses | $ | 30,625 |  |  | $ | 28,740 |
Other income | $ | 12,186 |  |  | $ | — |
In December 2018, we sold one of our golf club properties to a third party for $18.2 million and we recognized a gain of $12.2 million in the first quarter of fiscal 2019. The table below provides revenues and expenses recognized from land sales for the three months ended January 31, 2018 (amounts in thousands):
Revenues | $ | 6,968 |
Expenses | (6,268 | )
Income from land sales | $ | 700 |

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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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