Other Income - Net

3 Months Ended

Jan. 31, 2020

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,
	2020			2019
Interest income	$	4,902		$	5,872
Income from ancillary businesses	522			13,844
Management fee income from home building unconsolidated entities, net	1,346			1,608
Other	(475		)	(463		)
Total other income – net	$	6,295		$	20,861

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 three-month periods ended January 31, 2020 and 2019, our apartment living operations earned fees from unconsolidated entities of $3.8 million and $2.7 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):

	Three months ended January 31,
	2020		2019
Revenues	$	26,410	$	32,283
Expenses	$	25,888	$	30,625
Other income			$	12,186

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. In addition, in the fourth quarter of fiscal 2019, we sold six of our golf club properties to a third party.