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Other Income - Net | 12 Months Ended
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Oct. 31, 2022
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, 2022, 2021, and 2020 (amounts in thousands):
| 2022 |  | 2021 |  | 2020
Income from ancillary businesses | $ | 24,668 |  |  | $ | 36,711 |  |  | $ | 25,540 |
Management fee income from Land Development and Home Building Joint Ventures – net | 7,968 |  |  | 1,646 |  |  | 3,636 |
Gain on litigation settlement – net | 141,234 |  |  | — |  |  | — |
Directly expensed interest | — |  |  | — |  |  | (2,440) |
Other | (2,493) |  |  | 2,257 |  |  | 8,957 |
Total other income – net | $ | 171,377 |  |  | $ | 40,614 |  |  | $ | 35,693 |
In fiscal 2022, we entered into a $192.5 million settlement agreement with Southern California Gas Company to resolve our claims associated with a natural gas leak that occurred from October 2015 through February 2016 at the Aliso Canyon underground storage facility located near certain of our communities in southern California. As a result, net of legal fees and expenses, we recorded a pre-tax gain of $148.4 million, of which $141.2 million was recorded in Other Income - net in our Consolidated Statements of Operations and Comprehensive Income in fiscal 2022. The remainder was recorded as an offset to previously incurred expenses. Coincident with this settlement, we seeded a new Toll Brothers charitable foundation with $10.0 million which was recorded in Selling, general and administrative in our Consolidated Statements of Operations and Comprehensive Income in fiscal 2022. Management fee income from Land Development and Home Building Joint Ventures - net includes fees earned by our City Living and home building operations. 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, 2022, 2021, and 2020 (amounts in thousands):
| 2022 |  | 2021 |  | 2020
Revenues | $ | 135,510 |  |  | $ | 139,640 |  |  | $ | 118,855 |
Expenses | $ | 110,842 |  |  | $ | 102,929 |  |  | $ | 106,285 |
Other income | $ | — |  |  | $ | — |  |  | $ | 12,970 |
In fiscal 2022, our smart home technology business recognized a $9.0 million gain from a bulk sale of security monitoring accounts, which is included in income from ancillary businesses above. 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 2022, 2021 and 2020, our apartment living operations earned fees from unconsolidated entities of $23.2 million, $20.2 million, and $14.0 million, respectively. Fees earned by our apartment living operations are included in income from ancillary businesses.

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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 https://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 https://asc.fasb.org/topic&trid=49130413 + Details
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