Other Income - Net (Tables)

12 Months Ended

Oct. 31, 2020

Other Income and Expenses [Abstract]

Other Income - net [Table Text Block]

The table below provides the components of “Other income – net” for the years ended October 31, 2020, 2019, and 2018 (amounts in thousands):

	2020		2019		2018
Interest income	$	10,009	$	19,017	$	8,570
Income from ancillary businesses	25,540		53,568		25,692
Management fee income from home building unconsolidated entities, net	3,636		9,948		11,740
Retained customer deposits	—		—		8,937
Income from land sales	—		—		6,331
Directly expensed interest	(2,440)		—		—
Other	(1,052)		(1,031)		1,190
Total other income – net	$	35,693	$	81,502	$	62,460

Revenues and Expenses of Non Core Ancillary Businesses [Table Text Block]

The table below provides revenues and expenses for these ancillary businesses for the years ended October 31, 2020, 2019, and 2018 (amounts in thousands):

	2020		2019		2018
Revenues	$	118,855	$	150,114	$	158,051
Expenses	$	106,285	$	132,823	$	132,359
Other income	$	12,970	$	36,277	$	—

Schedule of revenues and expenses from land sales [Table Text Block]

The table below provides revenues and expenses recognized from land sales for the year ended October 31, 2018 (amounts in thousands):

	2018
Revenue	$	134,327
Expense	127,996
	$	6,331

Land sale revenues for the year ended October 31, 2018 included $80.3 million related to sale transactions with four Rental Property Joint Ventures in which we have interests ranging from 25% to 50%. On one of these transactions, we recognized a gain of $1.0 million in fiscal 2018. In addition, due to our continued involvement in the joint venture primarily through guarantees provided on the joint venture’s debt, we deferred $3.8 million of the gain realized on this sale. We will recognize the deferred gain into income as the guarantees provided expire.

See Note 4, “Investments in Unconsolidated Entities,” for more information on these transactions.