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Other Income – Net
 9 Months Ended
Jul. 31, 2025
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,
2025202420252024
Interest income$6,955 $9,033 $22,978 $28,508 
Income from ancillary businesses6,548 5,405 14,737 11,152 
Management fee income earned by home building operations925 985 2,696 3,291 
Other(1,635)1,527 (288)6,283 
Total other income – net$12,793 $16,950 $40,123 $49,234 
Income from ancillary businesses is generated by our mortgage, title, landscaping, smart home technology, 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,
 2025202420252024
Revenues$45,887 $43,850 $130,250 $115,309 
Expenses$39,339 $38,445 $115,513 $104,157 
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 three-month period ended July 31, 2024 or the three-month and nine-month periods ended July 31, 2025.
In the three-month and nine-month periods ended July 31, 2025, we recognized $0.1 million and $4.5 million of net 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 ended July 31, 2024, we recognized $1.8 million and $6.7 million of net 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, 2025 and 2024, income from ancillary businesses included management fees earned on our apartment rental development, high-rise urban luxury condominium, and other unconsolidated entities and operations totaling $4.0 million and $11.0 million, respectively. In the nine-month periods ended July 31, 2025 and 2024, income from ancillary businesses included management fees earned on our apartment rental development, high-rise urban luxury condominium, and other unconsolidated entities and operations totaling $17.2 million and $28.1 million, respectively.
In the nine-month period ended July 31, 2024, we recognized a $5.0 million gain related to an investment we held in a privately held company which sold substantially all of its assets to a third party, which is included in “Other” above. No similar amounts were recognized in the three-month period ended July 31, 2024 or the three-month and nine-month periods ended July 31, 2025.