Land held for Divestiture (Tables)

12 Months Ended

Jan. 31, 2013

Land Held for Divestiture disclosures [Abstract]

Unobservable Inputs Used to Determine Fair Value of Non-recurring Impairment of Land Held for Divestiture

The following table presents quantitative information about the significant unobservable inputs used to determine the fair value of non-recurring impairment of land held for divestiture for the year ended January 31, 2013:

	Quantitative Information about Level 3 Fair Value Measurements
	Fair Value January 31, 2013		Valuation Technique	Unobservable Input	Range of Input Values
	(in thousands)
Impairment of land held for divestiture	$	15,663	Indicative bids	Indicative bids	N/A(1)
Impairment of land held for divestiture	$	926	Discounted cash flows(2)	N/A	N/A

(1) These fair value measurements were developed by third party sources, subject to the Company’s corroboration for reasonableness.

(2) The Company used a discounted cash flow technique to estimate fair value, however due to the estimated holding period being less than twelve months, the impact of discounting was deemed immaterial.

Schedule of Land Held for Divestiture

The following table summarizes the net gain (loss) on land held for divestiture activities of consolidated entities:

	Years Ended January 31,
	2013			2012			2011
	(in thousands)
Sales of land held for divestiture	$	74,150		$	—		$	—
Cost of sales of land held for divestiture	(56,247		)	—			—
Gain on extinguishment of debt of land held for divestiture	4,373			—			—
Net gain on closed transactions of land held for divestiture	22,276			—			—
Impairment of land held for divestiture	(15,796		)	(115,654		)	—
Net gain (loss) on land held for divestiture activity	$	6,480		$	(115,654	)	$	—

Schedule of Land Held For Divestiture Unconsolidated Entities

The following table summarizes the net loss on investments in unconsolidated entities which are part of the land divestiture strategy:

	Years Ended January 31,
	2013			2012			2011
	(in thousands)
Net loss on sales of land held for divestiture of unconsolidated entities	$	(371	)	$	—		$	—
Impairment of investments in unconsolidated entities	(40,406		)	(41,902		)	—
Net loss on land held for divestiture activity of unconsolidated entities	$	(40,777	)	$	(41,902	)	$	—