520 Broad Street Building

3 Months Ended

Oct. 31, 2012

Broad Street Building [Abstract]

520 Broad Street Building

Note 11—520 Broad Street Building

At October 31, 2012, the carrying value of the land, building and improvements that the Company owns at 520 Broad Street, Newark, New Jersey was $42.9 million and the mortgage payable balance was $23.0 million. The Company is considering a range of options as to the future use or disposition of 520 Broad Street, some of which could result in a loss from a reduction in the carrying value of the land, building and improvements and such loss could be material.