Other Income - Net

9 Months Ended

Jul. 31, 2014

Other Income and Expenses [Abstract]

Other Income - Net

The table below provides, for the periods indicated, the components of other income - net (amounts in thousands):



	Nine months ended July 31,					Three months ended July 31,
	2014			2013		2014		2013
Interest income	$	2,111		$	3,713	$	222	$	1,036
Income from ancillary businesses	6,153			4,452		2,203		1,020
Gibraltar	10,219			5,184		4,505		4,072
Management fee income	4,294			1,796		1,840		665
Retained customer deposits	2,597			1,879		1,287		756
Land sales, net	21,042			2,968		9,855		2,713
Income recognized from settlement of litigation				13,229
Directly expensed interest	(656		)
Other	2,613			3,223		819		2,022
Total other income - net	$	48,373		$	36,444	$	20,731	$	12,284

In the nine month period ended July 31, 2014, land sales, net includes $2.9 million of previously deferred gains on our initial sales of the properties to Trust II as further described in Note 4 - “Investments in and Advances to Unconsolidated Entities.”

In fiscal 2013, we recognized income from the settlement of litigation as the result of three derivative lawsuits brought on our behalf against certain of our officers and directors. The gross settlement of $16.2 million was reduced by the payment of attorney’s fees of $3.0 million. Our insurance carriers paid approximately $9.8 million and certain officers and former officers paid the remainder.

Income from ancillary businesses includes the activity of our non-core businesses which include our mortgage, title, landscaping, security monitoring, and golf course and country club operations. The table below provides, for the periods indicated, revenues and expenses for our non-core ancillary businesses (amounts in thousands):



	Nine months ended July 31,				Three months ended July 31,
	2014		2013		2014		2013
Revenue	$	70,736	$	64,092	$	26,988	$	24,666
Expense	$	64,583	$	59,640	$	24,785	$	23,646

The table below provides, for the periods indicated, revenues and expenses recognized from land sales (amounts in thousands):



	Nine months ended July 31,				Three months ended July 31,
	2014		2013		2014		2013
Revenue	$	174,576	$	20,805	$	76,424	$	9,776
Expense	$	153,534	$	17,837	$	66,569	$	7,063