Other Income - Net

12 Months Ended

Oct. 31, 2013

Other Income and Other Expense Disclosure [Text Block]

Other Income - Net

The table below provides the components of other income - net for the years ended October 31, 2013, 2012 and 2011 (amounts in thousands):



	2013		2012		2011
Interest income	$	4,457	$	4,677	$	5,210
Income from ancillary businesses	9,912		6,608		3,734
Gibraltar	10,185		4,476		1,522
Management fee income	2,890		2,212		5,137
Retained customer deposits	2,534		3,247		2,076
Land sales, net	4,435		1,425		1,350
Income recognized from settlement of litigation	13,229
Other	4,596		3,276		4,374
Total other income - net	$	52,238	$	25,921	$	23,403

Income recognized from the settlement of litigation was the result of the settlement of three derivative lawsuits brought on behalf of the Company against certain officers and directors of the Company. The gross settlement of $16.2 million was reduced by the payment of attorney's fees of $3.0 million. The Company's insurance carriers paid approximately $9.8 million and certain officers and former officers paid the remainder.

Income from ancillary businesses includes the activity of the Company’s non-core businesses which include its mortgage, title, landscaping, security monitoring, and golf course and country club operations. The table below provides revenues and expenses for the Company's non-core ancillary businesses for the years ended October 31, 2013, 2012 and 2011 (amounts in thousands):



	2013		2012		2011
Revenue	$	89,182	$	67,137	$	60,021
Expense	$	79,270	$	60,529	$	56,287