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,
	2015		2014			2015		2014
Interest income	$	1,754	$	2,111		$	568	$	222
Income from ancillary businesses	18,392		6,153			4,667		2,203
Gibraltar	4,907		10,219			888		4,505
Management fee income from unconsolidated entities	9,441		4,294			3,051		1,840
Retained customer deposits	3,735		2,597			1,423		1,287
Income from land sales	10,302		21,042			2,952		9,855
Directly expensed interest			(656		)
Other	1,474		2,613			521		819
Total other income – net	$	50,005	$	48,373		$	14,070	$	20,731

In the nine months ended July 31, 2015, our security monitoring business recognized an $8.1 million gain from a bulk sale of security monitoring accounts, which is included in income from ancillary businesses above. In the nine-month period ended July 31, 2014, income from land sales 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 Unconsolidated Entities.”

Income from ancillary businesses includes 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 ancillary businesses (amounts in thousands):



	Nine months ended July 31,				Three months ended July 31,
	2015		2014		2015		2014
Revenue	$	88,244	$	70,736	$	32,017	$	26,988
Expense	$	69,852	$	64,583	$	27,350	$	24,785

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,
	2015			2014			2015			2014
Revenue	$	139,027		$	174,576		$	12,281		$	76,424
Deferred gain on land sale to joint venture	(9,260		)
Expense	(119,465		)	(153,534		)	(9,329		)	(66,569		)
Income from land sales	$	10,302		$	21,042		$	2,952		$	9,855

Land sale revenues for the nine months ended July 31, 2015, include $78.5 million related to property sold to a Home Building Joint Venture in which we have a 25% interest. Due to our continued involvement in the joint venture through our ownership interest and guarantees provided on the joint venture’s debt, we deferred the $9.3 million gain realized on the sale. We will recognize the gain as units are sold to the ultimate home buyers. See Note 4, “Investments in Unconsolidated Entities,” for more information on this transaction.