Other Income – Net

The table below provides the significant components of other income – net (amounts in thousands):



	Three months ended January 31,
	2018			2017
Interest income	$	2,080		$	941
Income from ancillary businesses	2,583			2,235
Management fee income from home building unconsolidated entities, net	3,071			4,289
Retained customer deposits	1,084			1,746
Income from land sales	700			3,559
Other	(521		)	(67		)
Total other income – net	$	8,997		$	12,703

Management fee income from home building unconsolidated entities presented above primarily represents fees earned by Toll Brothers City Living^® (“City Living”) and home building operations. In addition, in the three-month periods ended January 31, 2018 and 2017, our apartment living operations earned fees from unconsolidated entities of $2.3 million and $1.6 million, respectively; fees earned by our apartment living operations are included in income from ancillary businesses.

Income from ancillary businesses includes our mortgage, title, landscaping, security monitoring, Gibraltar, 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,
	2018		2017
Revenues	$	31,323	$	28,880
Expenses	$	28,740	$	26,645

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



	Three months ended January 31,
	2018			2017
Revenues	$	6,968		$	144,714
Expenses	(6,268		)	(144,273		)
Deferred gain recognized				3,118
Income from land sales	$	700		$	3,559

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. The deferred gains recognized in the fiscal 2017 period relates to the sale of a property in fiscal 2015 to a Home Building Joint Venture in which we had a 25% interest. Due to our continued involvement in this unconsolidated entity through our ownership interest and guarantees provided on the entity’s debt, we deferred the $9.3 million gain realized on the sale. We recognized the gain as units were sold to the ultimate home buyers which is included in deferred gains recognized above. In the fourth quarter of fiscal 2017, we purchased the remaining inventory from this Home Building Joint Venture. The remaining unamortized deferred gain was used to reduce the basis of the inventory acquired.