XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Other Income - Net | 9 Months Ended
--- | ---
Jul. 31, 2022
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 July 31, |  | Nine months ended July 31,
| 2022 |  | 2021 |  | 2022 |  | 2021
Income from ancillary businesses | 1,865 |  |  | 8,544 |  |  | 16,159 |  |  | 24,464 |
Management fee income from Land Development and Home Building Joint Ventures – net | 931 |  |  | 1,048 |  |  | 3,306 |  |  | 1,613 |
Other | (1,502) |  |  | 434 |  |  | (3,235) |  |  | 1,234 |
Total other income – net | $ | 1,294 |  |  | $ | 10,026 |  |  | $ | 16,230 |  |  | $ | 27,311 |
Management fee income from Land Development and Home Building Joint Ventures - net includes fees earned by Toll Brothers City Living® (“City Living”) and our Traditional 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, for the periods indicated, revenues and expenses for our ancillary businesses (amounts in thousands):
| Three months ended July 31, |  | Nine months ended July 31,
| 2022 |  | 2021 |  | 2022 |  | 2021
Revenues | $ | 32,994 |  |  | $ | 34,869 |  |  | $ | 92,581 |  |  | $ | 96,700 |
Expenses | $ | 31,129 |  |  | $ | 26,325 |  |  | $ | 76,422 |  |  | $ | 72,236 |
In the nine-month period ended July 31, 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 the three-month periods ended July 31, 2022 and 2021, our apartment living operations earned fees from unconsolidated entities of $7.0 million and $4.3 million, respectively. In the nine-month periods ended July 31, 2022 and 2021, our apartment living operations earned fees from unconsolidated entities of $16.6 million and $12.9 million, respectively. Fees earned by our apartment living operations are included in income from ancillary businesses.

X
- References No definition available. + Details
Name: | us-gaap_OtherIncomeAndExpensesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration