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Other Income – Net
 9 Months Ended
Jul. 31, 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 July 31,Nine months ended July 31,
2026202520262025
Interest income$6,459 $6,955 $22,304 $22,978 
Income from ancillary businesses12,909 6,548 37,394 14,737 
Management fee income earned by home building operations953 925 3,448 2,696 
Other(1,598)(1,635)(4,906)(288)
Total other income – net$18,723 $12,793 $58,240 $40,123 
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,
2026202520262025
Revenues$40,798 $45,887 $133,163 $130,250 
Expenses$27,889 $39,339 $95,769 $115,513 
In the nine-month period ended July 31, 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 period ended July 31, 2026 or the three-month and nine-month periods ended July 31, 2025.
In the three-month and nine-month periods ended July 31, 2026, we recognized $0.1 million of net write-offs related to previously incurred costs that we believed not to be recoverable in our apartment development business operations. In the three-month and nine-month periods ended July 31, 2025, we recognized $0.1 million and $4.5 million, respectively, of similar charges.
In the three-month and nine-month periods ended July 31, 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 $2.4 million and $17.6 million, respectively. The nine-month period ended July 31, 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 nine-month periods ended July 31, 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 $4.0 million and $17.2 million, respectively