520 Broad Street Building

3 Months Ended

Oct. 31, 2013

520 Broad Street Building [Abstract]

520 Broad Street Building

Note 13—520 Broad Street Building

At October 31, 2013, the carrying value of the land, building and improvements that the Company owns at 520 Broad Street, Newark, New Jersey, after the impairment charge that was recorded in fiscal 2013, was $37.4 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 an additional loss from a further reduction in the carrying value of the land, building and improvements and such loss could be material.