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Note 24 - Subsequent Events
12 Months Ended
Oct. 31, 2017
Notes to Financial Statements  
Subsequent Events [Text Block]
24.
Subsequent events
 
On
November 1, 2017,
we sold our corporate headquarters building and land in Red Bank, New Jersey, which had a net book value of
$34.7
million for
$42.5
million. We used a portion of the proceeds to pay off our nonrecourse loans on the building of
$13.0
million.
 
On
December 1, 2017
we made our final installment payment
of
$56.1
million on our senior exchangeable note units, as described in Note
9.
 
On
December 14, 2017,
the Company settled a lawsuit with the condominium association of the Grandview II at Riverwalk Port Imperial condominium building, for which the company had fully reserved the settlement amount as of
October 31, 2017.
Also, on
December 18, 2017,
the parties finalized a settlement agreement to resolve the litigation of a class action lawsuit filed against the Company
’s Board. See Note
18
for further information on these settlements.
 
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