XML 31 R17.htm IDEA: XBRL DOCUMENT v3.7.0.1
Other Income - Net
 3 Months Ended
Jan. 31, 2017
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,
 
2017
 
2016
Interest income
$
941

 
$
404

Income from ancillary businesses
2,297

 
3,729

Gibraltar
(62
)
 
828

Management fee income from unconsolidated entities
4,289

 
2,107

Retained customer deposits
1,746

 
2,113

Income from land sales
3,559

 
3,998

Other
(67
)
 
541

Total other income – net
$
12,703

 
$
13,720


In the three months ended January 31, 2016, our security monitoring business recognized a gain of $1.6 million from a bulk sale of security monitoring accounts in fiscal 2015, 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):
 
Three months ended January 31,
 
2017
 
2016
Revenues
$
28,528

 
$
24,869

Expenses
$
26,231

 
$
21,140


The table below provides, for the periods indicated, revenues and expenses recognized from land sales (amounts in thousands):
 
Three months ended January 31,
 
2017
 
2016
Revenues
$
144,714

 
$
10,691

Expenses
(144,273
)
 
(6,693
)
Deferred gain recognized
3,118

 
—

Income from land sales
$
3,559

 
$
3,998


Land sale revenues for the three months ended January 31, 2017 includes $143.3 million related to an in substance real estate sale transaction which resulted in a new Home Building Joint Venture in which we have a 20% interest. No gain or loss was realized on the sale. See Note 3, “Investments in Unconsolidated Entities,” for more information on this transaction.