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Other Income – Net | 3 Months Ended
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Jan. 31, 2025
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 January 31,
|  |  |  |  | 2025 |  | 2024
Interest income |  |  |  |  | $ | 8,969 |  |  | $ | 10,468 |
(Loss) income from ancillary businesses |  |  |  |  | (879) |  |  | 840 |
Management fee income earned by home building operations |  |  |  |  | 799 |  |  | 1,149 |
Other |  |  |  |  | 2,105 |  |  | (539) |
Total other income – net |  |  |  |  | $ | 10,994 |  |  | $ | 11,918 |
Income (loss) from ancillary businesses is generated by our mortgage, title, landscaping, smart home technology, 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 January 31,
|  |  |  |  | 2025 |  | 2024
Revenues |  |  |  |  | $ | 36,783 |  |  | $ | 32,300 |
Expenses |  |  |  |  | $ | 37,662 |  |  | $ | 31,460 |
In the three-month period ending January 31, 2025, we recognized $4.4 million of net write-offs related to previously incurred costs that we believed not to be recoverable in our apartment rental development business operations. No similar amounts were recognized in the three-month period ended January 31, 2024. In the three-month periods ended January 31, 2025 and 2024, income from ancillary businesses included management fees earned on our apartment rental development, high-rise urban luxury condominium, and other unconsolidated entities and operations totaling $7.1 million and $7.6 million, respectively.

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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://www.xbrl.org/2009/role/commonPracticeRef -Topic 720 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/720/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 610 -Publisher FASB -URI https://asc.fasb.org/610/tableOfContent + Details
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