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Other Income - Net
 6 Months Ended
Apr. 30, 2019
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):
 
Six months ended April 30,
 
Three months ended April 30,
 
2019
 
2018
 
2019
 
2018
Interest income
$
10,210

 
$
3,292

 
$
4,338

 
$
1,212

Income from ancillary businesses
18,086

 
7,456

 
4,242

 
4,873

Management fee income from home building unconsolidated entities, net
4,727

 
7,425

 
3,119

 
4,354

Retained customer deposits

 
4,155

 

 
3,071

Income from land sales

 
3,287

 

 
2,587

Other
(877
)
 
(824
)
 
(414
)
 
(303
)
Total other income – net
$
32,146

 
$
24,791

 
$
11,285

 
$
15,794


As a result of our adoption of ASC 606 as of November 1, 2018, revenues and cost of revenues from land sales are presented as separate components on our Condensed Consolidated Statement of Operations and Comprehensive Income. In addition, retained customer deposits are presented in home sales revenues on our Condensed Consolidated Statement of Operations and Comprehensive Income. Because we elected to apply the modified retrospective method of adoption, prior periods have not been restated to reflect these changes in presentation. See Note 1, “Significant Accounting Policies – Recent Accounting Pronouncements” for additional information regarding the impact of the adoption of ASC 606.
Management fee income from home building unconsolidated entities presented above primarily represents fees earned by Toll Brothers City Living® (“City Living”) and traditional home building operations. In addition, in the six-month periods ended April 30, 2019 and 2018, our apartment living operations earned fees from unconsolidated entities of $4.7 million and $4.0 million, respectively. In the three-month periods ended April 30, 2019 and 2018, our apartment living operations earned fees from unconsolidated entities of $2.1 million and $1.7 million, respectively. Fees earned by our apartment living operations are included in income from ancillary businesses.
Income from ancillary businesses is generated by 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):
 
Six months ended April 30,
 
Three months ended April 30,
 
2019
 
2018
 
2019
 
2018
Revenues
$
65,129

 
$
65,234

 
$
32,846

 
$
33,911

Expenses
$
60,374

 
$
57,778

 
$
29,749

 
$
29,038

Other income
$
13,331

 


 
$
1,145

 



In December 2018, we sold one of our golf club properties to a third party for $18.2 million and we recognized a gain of $12.2 million in the first quarter of fiscal 2019.
The table below provides revenues and expenses recognized from land sales for the periods indicated (amounts in thousands):
 
Six
months ended
April 30, 2018
 
Three
months ended
April 30, 2018
Revenues
$
41,352

 
$
34,384

Expenses
(38,065
)
 
(31,797
)
Income from land sales
$
3,287

 
$
2,587