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Other Income - Net
 12 Months Ended
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):
202120202019
Interest income$4,320 $10,009 $19,017 
Income from ancillary businesses36,711 25,540 53,568 
Management fee income from Home Building Joint Ventures, net1,646 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):
202120202019
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.