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Subsequent Events
12 Months Ended
Dec. 01, 2012
Subsequent Events  
Subsequent Events

19. Subsequent Events

        On December 28, 2012, Griffin Land closed on the acquisition of approximately 49 acres of undeveloped land in the Lehigh Valley of Pennsylvania for $7,119 in cash. The purchase of this land was completed using the proceeds from the Dollar Tree Sale that had been placed in escrow, to be used to acquire a replacement property under a Section 1031 like-kind exchange for income tax purposes. The land acquired is expected to support the development of two buildings totaling at least 500,000 square feet. As governmental approvals of such development were not in place at the time of closing, the seller agreed to provide Griffin Land with rescission rights if the required approvals are not obtained or the seller does not complete certain post-closing obligations.

        On January 18, 2013, Griffin completed the sale of its investment in SNHC for initial cash proceeds of $3,226. Some additional cash proceeds may be received as a result of certain post-closing purchase price adjustments based on the amount of working capital of SNHC as of the closing date.

        On January 30, 2013, Griffin sold 1,000,000 of the 5,277,150 shares of common stock of Centaur Media that it held for proceeds of approximately $870.

        In accordance with FASB ASC 855, "Subsequent Events," Griffin has evaluated all events or transactions occurring after December 1, 2012, the balance sheet date, and noted that there have been no such events or transactions which would require recognition or disclosure in the consolidated financial statements as of and for the year ended December 1, 2012, other than the disclosures herein.