v3.26.1
Other Income – Net
 6 Months Ended
Apr. 30, 2026
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 April 30,Six months ended April 30,
2026202520262025
Interest income$6,925 $7,054 $15,845 $16,023 
Income from ancillary businesses14,927 9,068 24,480 8,189 
Management fee income earned by home building operations1,035 972 2,495 1,771 
Other(2,446)(758)(3,303)1,347 
Total other income – net$20,441 $16,336 $39,517 $27,330 
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 April 30,Six months ended April 30,
 2026202520262025
Revenues$37,674 $47,580 $92,360 $84,363 
Expenses$22,747 $38,512 $67,880 $76,174 
In the three-month and six-month periods ended April 30, 2026, our smart home technology business recognized a $3.9 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 and six-month periods ended April 30, 2025.
In the six-month period ended April 30, 2025, we recognized $4.4 million of net write-offs related to previously incurred costs that we believed not to be recoverable in our apartment rental development business operations. No similar charges were recognized in the three-month or six-month periods ended April 30, 2026 or the three-month period ended April 30, 2025.
In the three-month and six-month periods ended April 30, 2026, income from ancillary businesses included management fees earned on our apartment rental development, high-rise urban luxury condominium, and other unconsolidated entities and operations that totaled $0.7 million and $15.2 million, respectively. The six-month period ended April 30, 2026 included $10.0 million of previously deferred management fees that were recognized due to the sale of Apartment Living assets described in Note 1, “Significant Accounting Policies - Disposition.” In the three-month and six-month periods ended April 30, 2025, income from ancillary businesses included management fees earned on our apartment rental development, high-rise urban luxury condominium, and other unconsolidated entities and operations that totaled $6.1 million and $13.2 million, respectively