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Other Income - Net
 9 Months Ended
Jul. 31, 2024
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 July 31,Nine months ended July 31,
2024202320242023
Interest income$9,033 $8,109 $28,508 $22,187 
Income (loss) from ancillary businesses5,405 (1,451)11,152 (1,543)
Management fee income earned by home building operations985 839 3,291 2,901 
Gain on litigation settlements – net— — — 27,683 
Other1,527 (139)6,283 (775)
Total other income – net$16,950 $7,358 $49,234 $50,453 
Income (loss) from ancillary businesses is generated by our mortgage, title, landscaping, smart home technology, Gibraltar, apartment living, city living, 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 July 31,Nine months ended July 31,
 2024202320242023
Revenues$43,850 $36,057 $115,309 $97,238 
Expenses$38,445 $37,508 $104,157 $98,781 
In the nine-month period ended July 31, 2024, our smart home technology business recognized a $4.4 million gain from a bulk sale of security monitoring accounts, which is included in income from ancillary businesses above. No similar amounts were recognized in the nine-month period ended July 31, 2023.
In the three-month and nine-month periods ending July 31, 2024, we recognized $1.8 million and $6.7 million of write-offs related to previously incurred costs that we believed not to be recoverable in our apartment rental development business operations, respectively. In the three-month and nine-month periods ending July 31, 2023, we recognized $3.3 million and $3.8 million of write-offs related to previously incurred costs that we believed not to be recoverable in our apartment rental development business operations, respectively.
In the three-month periods ended July 31, 2024 and 2023, income from ancillary businesses included management fees earned on our apartment rental development, high-rise urban luxury condominium, and Gibraltar unconsolidated entities and operations totaling $11.0 million and $8.9 million, respectively. In the nine-month periods ended July 31, 2024 and 2023, income from ancillary businesses included management fees earned on our apartment rental development, high-rise urban luxury condominium, and Gibraltar unconsolidated entities and operations totaling $28.1 million and $25.7 million, respectively.