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Other Income - Net | 12 Months Ended
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Oct. 31, 2021
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, 2021, 2020, and 2019 (amounts in thousands):
| 2021 |  | 2020 |  | 2019
Interest income | $ | 4,320 |  |  | $ | 10,009 |  |  | $ | 19,017 |
Income from ancillary businesses | 36,711 |  |  | 25,540 |  |  | 53,568 |
Management fee income from Home Building Joint Ventures, net | 1,646 |  |  | 3,636 |  |  | 9,948 |
Directly expensed interest | — |  |  | (2,440) |  |  | — |
Other | (2,063) |  |  | (1,052) |  |  | (1,031) |
Total other income – net | $ | 40,614 |  |  | $ | 35,693 |  |  | $ | 81,502 |
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 2021, 2020 and 2019, our apartment living operations earned fees from unconsolidated entities of $20.2 million, $14.0 million, and $11.9 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, smart home technology, 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, 2021, 2020, and 2019 (amounts in thousands):
| 2021 |  | 2020 |  | 2019
Revenues | $ | 139,640 |  |  | $ | 118,855 |  |  | $ | 150,114 |
Expenses | $ | 102,929 |  |  | $ | 106,285 |  |  | $ | 132,823 |
Other income | $ | — |  |  | $ | 12,970 |  |  | $ | 36,277 |
In fiscal 2020, we sold one of our golf club properties to a third party for $15.6 million and recognized a gain of $9.1 million. In addition, we recognized a previously deferred gain of $3.8 million related to the sale of a golf club property from fiscal 2019. 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.

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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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