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Other Income - Net
 12 Months Ended
Oct. 31, 2022
Other Income and Expenses [Abstract]  
Other Income - net [Text Block] Other Income – Net
The table below provides the components of “Other income – net” for the years ended October 31, 2022, 2021, and 2020 (amounts in thousands):
202220212020
Income from ancillary businesses$24,668 $36,711 $25,540 
Management fee income from Land Development and Home Building Joint Ventures – net
7,968 1,646 3,636 
Gain on litigation settlement – net
141,234 — — 
Directly expensed interest— — (2,440)
Other(2,493)2,257 8,957 
Total other income – net
$171,377 $40,614 $35,693 
In fiscal 2022, we entered into a $192.5 million settlement agreement with Southern California Gas Company to resolve our claims associated with a natural gas leak that occurred from October 2015 through February 2016 at the Aliso Canyon underground storage facility located near certain of our communities in southern California. As a result, net of legal fees and expenses, we recorded a pre-tax gain of $148.4 million, of which $141.2 million was recorded in Other Income - net in our Consolidated Statements of Operations and Comprehensive Income in fiscal 2022. The remainder was recorded as an offset to previously incurred expenses. Coincident with this settlement, we seeded a new Toll Brothers charitable foundation with $10.0 million which was recorded in Selling, general and administrative in our Consolidated Statements of Operations and Comprehensive Income in fiscal 2022.
Management fee income from Land Development and Home Building Joint Ventures - net includes fees earned by our City Living and home building operations.
Income from ancillary businesses is generated by our mortgage, title, landscaping, smart home technology, Gibraltar, apartment living, and golf course and country club operations. The table below provides revenues and expenses for these ancillary
businesses for the years ended October 31, 2022, 2021, and 2020 (amounts in thousands):
202220212020
Revenues$135,510 $139,640 $118,855 
Expenses$110,842 $102,929 $106,285 
Other income$— $— $12,970 
In fiscal 2022, our smart home technology business recognized a $9.0 million gain from a bulk sale of security monitoring accounts, which is included in income from ancillary businesses above.
In fiscal 2020, we sold one of our golf club properties to a third party for $15.6 million and recognized a gain of $9.1 million. In addition, we recognized a previously deferred gain of $3.8 million related to the sale of a golf club property from fiscal 2019.
In fiscal 2022, 2021 and 2020, our apartment living operations earned fees from unconsolidated entities of $23.2 million, $20.2 million, and $14.0 million, respectively. Fees earned by our apartment living operations are included in income from ancillary businesses.