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Other Income - Net
6 Months Ended
Apr. 30, 2016
Other Income and Expenses [Abstract]  
Other Income - net
Other Income – Net
The table below provides, for the periods indicated, the components of other income – net (amounts in thousands):
 
Six months ended April 30,
 
Three months ended April 30,
 
2016
 
2015
 
2016
 
2015
Interest income
$
936

 
$
1,186

 
$
532

 
$
698

Income from ancillary businesses
7,421

 
13,725

 
3,692

 
2,886

Gibraltar
6,249

 
4,019

 
5,421

 
3,197

Management fee income from unconsolidated entities
4,515

 
6,390

 
2,408

 
3,411

Retained customer deposits
3,669

 
2,312

 
1,556

 
972

Income from land sales
4,491

 
7,350

 
493

 
2,533

Other
1,072

 
953

 
531

 
222

Total other income – net
$
28,353

 
$
35,935

 
$
14,633

 
$
13,919


In the six months ended April 30, 2016 and 2015, our security monitoring business recognized gains of $1.6 million and $8.1 million, respectively, from a bulk sale of security monitoring accounts in the fiscal 2015 period, which is included in income from ancillary businesses in the table above.
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):
 
Six months ended April 30,
 
Three months ended April 30,
 
2016
 
2015
 
2016
 
2015
Revenues
$
54,132

 
$
56,227

 
$
29,263

 
$
24,947

Expenses
$
46,711

 
$
42,502

 
$
25,571

 
$
22,061


The table below provides, for the periods indicated, revenues and expenses recognized from land sales (amounts in thousands):
 
Six months ended April 30,
 
Three months ended April 30,
 
2016
 
2015
 
2016
 
2015
Revenues
$
13,592

 
$
126,746

 
$
2,901

 
$
22,725

Deferred gain on land sale to joint venture


 
(9,260
)
 


 


Expenses
(9,101
)
 
(110,136
)
 
(2,408
)
 
(20,192
)
Income from land sales
$
4,491

 
$
7,350

 
$
493

 
$
2,533


Land sale revenues for the six months ended April 30, 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 3, “Investments in Unconsolidated Entities,” for more information on this transaction.