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4. Restatement (Details)
9 Months Ended
Jul. 31, 2012
Error Corrections and Prior Period Adjustments, Description In the fourth quarter of Fiscal 2012 Management determined to restate the financial statements for the fiscal year ended October 31, 2011, 2010 and 2009, the three months ended January 31, 2012 and 2011, the six months ended April 30, 2012 and 2011 and the nine months ended July 2012 and 2011. The restatement is to reclassify the financial results from certain properties sold or held for sale by the Companies in 2011 which should have been, but were not, reported in discontinued operations for the periods prior to the respective dates of their disposition. The properties include: 1. approximately 1 acre of land in Fort Collins, Colorado on which an Applebee’s restaurant was located, sold by Blue Ridge on September 30, 2011; 2. 1.2 acres of land in Wallisville, Texas on which a Jack in the Box restaurant was located, sold by Blue Ridge on November 30, 2011; 3. 201 acres of land comprising the Jack Frost Mountain Ski Area, sold by Blue Ridge on December 15, 2011; and 4. approximately 110 acres of land comprising the Big Boulder Ski Area, sold by Big Boulder on December 15, 2011. The restatement did not impact the Companies’ total net loss for the relevant periods. The following are the previously reported and restated balances on the combined balance sheet as of October 2011 and the combined statement of operations for the nine months ended July 31, 2012 and 2011: