Gain (Loss) on Extinguishment of Debt

6 Months Ended

Jul. 31, 2013

Extinguishment of Debt Disclosures [Abstract]

Gain (Loss) on Extinguishment of Debt [Text Block]

Gain (Loss) on Extinguishment of Debt

For the three and six months ended July 31, 2013, the Company recorded $24,669,000 and $19,431,000, respectively, as gain on extinguishment of debt. The amounts for 2013 primarily include a $24,669,000 gain on the extinguishment of nonrecourse debt at Ten MetroTech Center partially offset by a non-tax deductible loss of $4,762,000 on the exchange of the 2014 Senior Notes for Class A common stock (See Note D – Senior and Subordinated Debt). For the three and six months ended July 31, 2012, the Company recorded $0 and $719,000, respectively, as loss on extinguishment of debt.