XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.23.2

Other Income - Net | 9 Months Ended
--- | ---
Jul. 31, 2023
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,
| 2023 |  | 2022 |  | 2023 |  | 2022
Interest income | $ | 8,109 |  |  | $ | 375 |  |  | $ | 22,187 |  |  | $ | 1,970 |
(Loss) income from ancillary businesses | (1,451) |  |  | 1,865 |  |  | (1,543) |  |  | 16,159 |
Management fee income earned by home building operations | 839 |  |  | 931 |  |  | 2,901 |  |  | 3,306 |
Gain on litigation settlements – net | — |  |  | — |  |  | 27,683 |  |  | — |
Other | (139) |  |  | (1,877) |  |  | (775) |  |  | (5,205) |
Total other income – net | $ | 7,358 |  |  | $ | 1,294 |  |  | $ | 50,453 |  |  | $ | 16,230 |
Income (loss) from ancillary businesses is generated by our mortgage, title, landscaping, smart home technology, Gibraltar, apartment living, city 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,
| 2023 |  | 2022 |  | 2023 |  | 2022
Revenues | $ | 36,057 |  |  | $ | 32,994 |  |  | $ | 97,238 |  |  | $ | 92,581 |
Expenses | $ | 37,508 |  |  | $ | 31,129 |  |  | $ | 98,781 |  |  | $ | 76,422 |
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 addition, in the three months ended July 31, 2023 and 2022, our apartment living operations earned fees from unconsolidated entities of $6.7 million and $7.0 million, respectively. In the nine-month periods ended July 31, 2023 and 2022, our apartment living operations earned fees from unconsolidated entities of $19.3 million and $16.6 million, respectively. Fees earned by our apartment living operations are included in income (loss) 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 -Topic 610 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//610/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 720 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//720/tableOfContent + Details
Name: | us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration