INDUS Realty Trust (INDT) 10-Q 10 Jul 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	31-May-14	Jul. 03, 2014
Document and Entity Information	'	'
Entity Registrant Name	'GRIFFIN LAND & NURSERIES INC	'
Entity Central Index Key	'0001037390	'
Document Type	'10-Q	'
Document Period End Date	31-May-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--11-30	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	5,149,574
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	31-May-14	Nov. 30, 2013
In Thousands, unless otherwise specified
ASSETS	'	'
Real estate assets at cost, net of accumulated depreciation	$140,540	$131,190
Real estate held for sale	1,104	1,104
Cash and cash equivalents	13,067	14,179
Proceeds held in escrow	'	8,860
Deferred income taxes	6,927	5,975
Note receivable	4,151	'
Available for sale securities - Investment in Centaur Media plc	2,142	2,208
Property and equipment, net of accumulated depreciation	256	1,950
Other assets	12,320	13,634
Assets of discontinued operation	672	5,627
Total assets	181,179	184,727
LIABILITIES AND STOCKHOLDERS' EQUITY	'	'
Mortgage loans	65,639	66,708
Deferred revenue	7,472	8,467
Accounts payable and accrued liabilities	4,620	3,011
Dividend payable	'	1,029
Other liabilities	6,477	6,629
Liabilities of discontinued operation	94	768
Total liabilities	84,302	86,612
Commitments and Contingencies (Note 11)	'	'
Stockholders' Equity	'	'
Common stock, par value $0.01 per share, 10,000,000 shares authorized, 5,537,895 and 5,534,687 shares issued, respectively, and 5,149,574 and 5,146,366 shares outstanding, respectively	55	55
Additional paid-in capital	107,766	107,603
Retained earnings	3,167	4,372
Accumulated other comprehensive loss, net of tax	-645	-449
Treasury stock, at cost, 388,321 shares	-13,466	-13,466
Total stockholders' equity	96,877	98,115
Total liabilities and stockholders' equity	$181,179	$184,727

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	31-May-14	Nov. 30, 2013
Consolidated Balance Sheets	'	'
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	5,537,895	5,534,687
Common stock, shares outstanding	5,149,574	5,146,366
Treasury stock, shares	388,321	388,321

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	31-May-14	Jun. 01, 2013	31-May-14	Jun. 01, 2013
Consolidated Statements of Operations	'	'	'	'
Rental revenue	$5,064	$4,798	$10,030	$9,539
Revenue from property sales	277	1,590	370	2,474
Total revenue	5,341	6,388	10,400	12,013
Operating expenses of rental properties	1,747	1,723	4,198	3,787
Depreciation and amortization expense	1,638	1,727	3,279	3,320
Costs related to property sales	70	222	94	365
General and administrative expenses	1,696	2,135	3,880	4,340
Total expenses	5,151	5,807	11,451	11,812
Operating income (loss)	190	581	-1,051	201
Interest expense	-774	-965	-1,678	-1,943
Investment income	141	51	188	51
Gain on sale of common stock in Centaur Media plc	'	'	318	504
Loss on debt extinguishment	'	-286	'	-286
Gain on sale of investment in Shemin Nurseries Holding	'	'	'	3,397
(Loss) income before income tax benefit (provision)	-443	-619	-2,223	1,924
Income tax benefit (provision)	218	225	900	-634
(Loss) income from continuing operations	-225	-394	-1,323	1,290
Discontinued operations, net of tax:	'	'	'	'
Gain (loss) from landscape nursery business, including the gain (loss) on sale of assets of $3 and ($28), net of tax, in the 2014 three month period and 2014 six month period, respectively	390	282	118	-92
Net income (loss)	$165	($112)	($1,205)	$1,198
Basic net income (loss) per common share:	'	'	'	'
(Loss) income from continuing operations (in dollars per share)	($0.04)	($0.08)	($0.26)	$0.25
Income (loss) from discontinued operations (in dollars per share)	$0.07	$0.06	$0.03	($0.02)
Basic net income (loss) per common share (in dollars per share)	$0.03	($0.02)	($0.23)	$0.23
Diluted net income (loss) per common share:	'	'	'	'
(Loss) income from continuing operations (in dollars per share)	($0.04)	($0.08)	($0.26)	$0.25
Income (loss) from discontinued operations (in dollars per share)	$0.07	$0.06	$0.03	($0.02)
Diluted net income (loss) per common share (in dollars per share)	$0.03	($0.02)	($0.23)	$0.23

Consolidated_Statements_of_Ope1

Consolidated Statements of Operations (Parenthetical) (USD $)	3 Months Ended	6 Months Ended
In Thousands, unless otherwise specified	31-May-14	31-May-14
Consolidated Statements of Operations	'	'
Loss from sale of assets net of tax	$31	$28

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (Loss) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	31-May-14	Jun. 01, 2013	31-May-14	Jun. 01, 2013
Consolidated Statements of Comprehensive Income (Loss)	'	'	'	'
Net income (loss)	$165	($112)	($1,205)	$1,198
Other comprehensive loss, net of tax:	'	'	'	'
Reclassifications included in net income (loss)	-144	120	-191	-102
(Decrease) increase in fair value of Centaur Media plc	-212	-633	327	-672
Unrealized (loss) gain on cash flow hedges	-221	184	-332	267
Total other comprehensive loss, net of tax	-577	-329	-196	-507
Total comprehensive (loss) income	($412)	($441)	($1,401)	$691

Consolidated_Statements_of_Cha

Consolidated Statements of Changes in Stockholders' Equity (USD $)	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock
In Thousands, except Share data, unless otherwise specified
Balance at Dec. 01, 2012	$104,146	$55	$107,056	$11,222	($721)	($13,466)
Balance (in shares) at Dec. 01, 2012	'	5,527,911	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'
Stock-based compensation	267	'	267	'	'	'
Exercise of stock options	80	'	80	'	'	'
Exercise of stock options (in shares)	'	6,776	'	'	'	'
Net income (loss)	1,198	'	'	1,198	'	'
Total other comprehensive loss, net of tax	-507	'	'	'	-507	'
Balance at Jun. 01, 2013	105,184	55	107,403	12,420	-1,228	-13,466
Balance (in shares) at Jun. 01, 2013	'	5,534,687	'	'	'	'
Balance at Nov. 30, 2013	98,115	55	107,603	4,372	-449	-13,466
Balance (in shares) at Nov. 30, 2013	'	5,534,687	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'
Stock-based compensation	83	'	83	'	'	'
Exercise of stock options	80	'	80	'	'	'
Exercise of stock options (in shares)	'	3,208	'	'	'	'
Net income (loss)	-1,205	'	'	-1,205	'	'
Total other comprehensive loss, net of tax	-196	'	'	'	-196	'
Balance at May. 31, 2014	$96,877	$55	$107,766	$3,167	($645)	($13,466)
Balance (in shares) at May. 31, 2014	'	5,537,895	'	'	'	'

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	6 Months Ended
In Thousands, unless otherwise specified	31-May-14	Jun. 01, 2013
Operating activities:	'	'
Net income (loss)	($1,205)	$1,198
(Income) loss from discontinued operations	-118	92
(Loss) income from continuing operations	-1,323	1,290
Adjustments to reconcile (loss) income from continuing operations to net cash provided by operating activities of continuing operations:	'	'
Depreciation and amortization	3,279	3,320
Deferred income taxes	-900	634
Gain on sale of common stock in Centaur Media plc	-318	-504
Gain on sales of property	-276	-2,109
Stock-based compensation expense	213	236
Amortization of debt issuance costs	131	144
Accretion of discount on note receivable	-115	'
Loss on debt extinguishment	'	286
Gain on sale of investment in Shemin Nurseries Holding Corp.	'	-3,397
Changes in assets and liabilities:	'	'
Other assets	803	913
Accounts payable and accrued liabilities	-70	232
Deferred revenue	-625	-945
Other liabilities	106	376
Net cash provided by operating activities of continuing operations	905	476
Net cash used in operating activities of discontinued operations	-511	-4,712
Net cash provided by (used in) operating activities	394	-4,236
Investing activities:	'	'
Additions to real estate assets	-8,927	-10,051
Proceeds from property sales returned from escrow	8,864	6,934
Proceeds from the sale of common stock in Centaur Media plc	566	1,160
Proceeds from the sale of business	169	'
Additions to property and equipment	-58	-65
Proceeds from the sale of investment in Shemin Nurseries Holding Corp.	'	3,418
Net cash provided by investing activities	614	1,396
Financing activities:	'	'
Payments of debt	-1,069	-925
Dividends paid to stockholders	-1,029	-1,028
Debt issuance costs	-102	-214
Exercise of stock options	80	80
Debt modification costs	'	-70
Net cash used in financing activities	-2,120	-2,157
Net decrease in cash and cash equivalents	-1,112	-4,997
Cash and cash equivalents at beginning of period	14,179	10,181
Cash and cash equivalents at end of period	$13,067	$5,184

Summary_of_Significant_Account

Summary of Significant Accounting Policies	6 Months Ended
	31-May-14
Summary of Significant Accounting Policies	'
Summary of Significant Accounting Policies	'
	1.              Summary of Significant Accounting Policies
	Basis of Presentation
	The accompanying unaudited consolidated financial statements of Griffin Land & Nurseries, Inc. (“Griffin”) reflect Griffin’s real estate business, conducted through its wholly-owned subsidiary, Griffin Land, LLC (“Griffin Land”) and Griffin’s landscape nursery business, conducted through its wholly-owned subsidiary, Imperial Nurseries, Inc. (“Imperial”) that is reported as a discontinued operation (see below).  Griffin Land is principally engaged in the development, management and leasing of industrial and commercial properties. Periodically, Griffin Land may sell certain portions of its undeveloped land that it has owned for an extended time period and the use of which is not consistent with Griffin Land’s core development and leasing strategy.
	Imperial’s growing operations are reflected in the accompanying unaudited consolidated financial statements as a discontinued operation due to the sale, effective January 8, 2014, of its inventory and certain of its assets (the “Imperial Sale”) to Monrovia Connecticut LLC (“Monrovia”), a subsidiary of Monrovia Nursery Company (see Notes 2, 4 and 10).  Concurrent with the Imperial Sale, a subsidiary of Griffin and Imperial entered into a long-term lease with Monrovia for Imperial’s Connecticut production nursery.  As the growing operations of Imperial are reflected as a discontinued operation in Griffin’s unaudited consolidated financial statements, Griffin’s continuing operations presented in the accompanying financial statements solely reflect its real estate business and, therefore, industry segment information is not presented.  Accordingly, certain prior period amounts in Griffin’s unaudited consolidated financial statements have been reclassified to conform to the current presentation which better reflects Griffin’s real estate business, including presentation of an unclassified balance sheet consistent with real estate industry practice.  Certain parts of Imperial’s prior year results, such as rental revenue and expense related to the leasing of Imperial’s Florida farm to another grower and certain expenses related to the property and equipment of Imperial’s Connecticut farm, which continues to be owned by Griffin and leased to Monrovia, are included in Griffin’s continuing operations.
	Through the fiscal year ended November 30, 2013 (“fiscal 2013”), Griffin reported on a 52-53 week fiscal year that ended on the Saturday nearest November 30 and included four quarters of 13 weeks each.  Starting in the fiscal year ending November 30, 2014 (“fiscal 2014”), Griffin is reporting on a twelve month fiscal year that will end on November 30 with interim periods comprised of three months that end on the last day of the third month of each quarter.  Accordingly, the fiscal 2014 second quarter ended on May 31, 2014.
	These financial statements have been prepared in conformity with the standards of accounting measurement set forth by the Financial Accounting Standards Board (“FASB”) ASC 270, “Interim Reporting.”  The accompanying financial statements have been prepared in accordance with the accounting policies stated in Griffin’s consolidated audited financial statements for fiscal 2013 included in Griffin’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission on February 13, 2014, and should be read in conjunction with the Notes to Consolidated Financial Statements appearing in that report. All adjustments, comprising only normal recurring adjustments, which are, in the opinion of management, necessary for a fair presentation of results for the interim periods, have been reflected and all intercompany transactions have been eliminated.  The consolidated balance sheet data as of November 30, 2013 was derived from Griffin’s audited financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America (“U.S. GAAP”).
	The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses in the reporting period.  Griffin regularly evaluates estimates and assumptions related to the useful life and recoverability of long-lived assets, stock-based compensation expense, deferred income tax asset valuations, valuation of derivative instruments and the estimated costs to complete required offsite improvements to land sold.  Griffin bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by Griffin may differ materially and adversely from Griffin’s estimates.  To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.
	As of May 31, 2014, Griffin was a party to several interest rate swap agreements to hedge its interest rate exposures.  Griffin does not use derivatives for speculative purposes.  Griffin applies FASB ASC 815-10, “Derivatives and Hedging,” (“ASC 815-10”) as amended, which establishes accounting and reporting standards for derivative instruments and hedging activities.  ASC 815-10 requires Griffin to recognize all derivatives as either assets or liabilities on its consolidated balance sheet and measure those instruments at fair value.  The changes in the fair values of the interest rate swap agreements are assessed in accordance with ASC 815-10 and reflected in the carrying values of the interest rate swap agreements on Griffin’s consolidated balance sheet.  The estimated fair values are based primarily on projected future swap rates.
	Griffin applies cash flow hedge accounting to its interest rate swap agreements that are designated as hedges of the variability of future cash flows from floating rate liabilities based on the benchmark interest rates.  The change in fair values of Griffin’s interest rate swap agreements are recorded as components of accumulated other comprehensive income in stockholders’ equity to the extent they are effective.  Any ineffective portions of the change in fair value of these instruments would be recorded as interest expense.
	The results of operations for the three months ended May 31, 2014 (the “2014 second quarter”) and the six months ended May 31, 2014 (the “2014 six month period”) are not necessarily indicative of the results to be expected for the full year. The thirteen and twenty-six weeks ended June 1, 2013 are referred to herein as the “2013 second quarter” and “2013 six month period,” respectively.
	Recent Accounting Pronouncements
	In July 2013, the FASB issued Accounting Standards Update No. 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists,” which provides guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists.  Specifically, this update requires that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, with certain exceptions.  This update was effective for Griffin in the 2014 second quarter.  The adoption of this guidance did not have an impact on Griffin’s financial position or results of operations.

Discontinued_Operation

Discontinued Operation	6 Months Ended
	31-May-14
Discontinued Operation	'
Discontinued Operation	'
	2.              Discontinued Operation
	Effective January 8, 2014, in accordance with the terms of the Imperial Sale (see Notes 1, 4 and 10), Imperial sold its inventory and certain assets for $732 in cash and a non-interest bearing note receivable of $4,250 (the “Promissory Note”).  Net cash of $732 was received from Monrovia in the 2014 six month period and Griffin paid $563 in severance and other expenses.  The Promissory Note is due in two installments: $2,750 was due on June 1, 2014 and $1,500 is due on June 1, 2015. The Promissory Note was discounted at 7% to its present value of $4,036 at inception and is secured by an irrevocable letter of credit.  Subsequent to the end of the 2014 second quarter, Griffin received payment of the $2,750 installment from Monrovia.  Under the terms of the Imperial Sale, Griffin and Imperial agreed to indemnify Monrovia for any potential environmental liabilities relating to periods prior to the effective date of the Imperial Sale and also agreed to certain non-competition restrictions for a four-year period.
	Concurrent with the Imperial Sale, Imperial and River Bend Holdings, LLC, a wholly-owned subsidiary of Griffin, entered into a Lease and Option Agreement and an Addendum to such agreement (the “Imperial Lease”, and together with the Imperial Sale, the “Imperial Transaction”) with Monrovia, pursuant to which Monrovia is leasing Imperial’s Connecticut production nursery for a ten-year period, with options to extend for up to an additional fifteen years exercisable by Monrovia. The Imperial Lease provides for net annual rent payable to Griffin of $500 for each of the first five years with rent for subsequent years determined in accordance with the Imperial Lease. The Imperial Lease also grants Monrovia an option to purchase most of the land, land improvements and other operating assets that were used by Imperial in its Connecticut growing operations during the first thirteen years of the lease period for $10,500, or $7,000 if only a certain portion of the land is purchased, subject in each case to certain adjustments as provided for in the Imperial Lease.  Accordingly, the operating results of Imperial’s growing operations are reflected as a discontinued operation in Griffin’s consolidated statements of operations for all periods presented and the assets and liabilities of the growing operations of Imperial (excluding those assets that are part of the Imperial Lease) are shown as assets and liabilities of the discontinued operation on Griffin’s consolidated balance sheets.  The property and equipment previously used by Imperial and currently leased to Monrovia were reclassified on January 8, 2014 from property and equipment to real estate assets on Griffin’s consolidated balance sheet. The property and equipment had a cost of $11,485 and accumulated depreciation of $9,850 at the time it was reclassified.
	Revenue and the pretax income (loss) from Imperial’s growing operations, reflected as a discontinued operation in Griffin’s consolidated statements of operations, were as follows:
		For the Three Months Ended,					For the Six Months Ended,
		May 31, 2014			June 1, 2013		May 31, 2014		June 1, 2013
	Net sales and other revenue	$	69		$	8,855	$	80	$	8,940
	Pretax income (loss)	$	644		$	384	$	244	$	(205	)
	The pretax income of Imperial’s discontinued operation in the 2014 second quarter and 2014 six month period includes $451 for the reclassification of actuarial gains related to Griffin’s postretirement benefits program from other comprehensive income into pretax income as a result of the termination of Griffin’s postretirement benefits program (see Note 10).
	In the thirteen weeks ended November 30, 2013 (the “ 2013 fourth quarter”), a charge of $10,400 was included in cost of landscape nursery sales to reduce Imperial’s nursery inventories to fair value, which was the net realizable value based on the terms of the Imperial Sale.  The pretax loss from the Imperial Sale in the 2014 six month period was as follows:
	Consideration received from Monrovia, reflecting cash of $732 and note receivable of $4,036	$	4,768
	Carrying value of assets sold, principally inventory	(4,561		)
	Curtailment of employee benefit plan (see Note 10)	309
	Severance and other expenses	(563		)
	Pretax loss	$	(47	)
	The assets and liabilities of Imperial’s growing operation, reflected as a discontinued operation, are as follows:
		May 31, 2014			November 30, 2013
	Assets:
	Accounts receivable	$	387		$	1,151
	Inventories	—			4,116
	Other	285			360
		$	672		$	5,627
	Liabilities:
	Accounts payable and accrued liabilities	$	94		$	768

Fair_Value

Fair Value	6 Months Ended
	31-May-14
Fair Value	'
Fair Value	'
	3.              Fair Value
	Griffin applies the provisions of FASB ASC 820, “Fair Value Measurements” (“ASC 820”), which establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.  An asset or liability’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement.  ASC 820 establishes three levels of inputs that may be used to measure fair value, as follows:
	Level 1 applies to assets or liabilities for which there are quoted market prices in active markets for identical assets or liabilities.  Griffin’s available-for-sale securities are considered Level 1 within the fair value hierarchy.
	Level 2 applies to assets or liabilities for which there are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, such as quoted prices for similar assets or liabilities in active markets; quoted prices for assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.  Level 2 liabilities include Griffin’s interest rate swap derivatives (see Note 7).  These inputs are readily available in public markets or can be derived from information available in publicly quoted markets; therefore, Griffin has categorized these derivative instruments as Level 2 within the fair value hierarchy.
	Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.
	During the 2014 six month period, Griffin did not transfer any assets or liabilities in or out of Levels 1 or 2.  The following are Griffin’s financial assets and liabilities carried at fair value and measured at fair value on a recurring basis:
		May 31, 2014
		Quoted Prices in			Significant			Significant
		Active Markets for			Observable			Unobservable
		Identical Assets			Inputs			Inputs
		(Level 1)			(Level 2)			(Level 3)
	Marketable equity securities	$	2,142		$	—		$	—
	Interest rate swap asset	$	—		$	38		$	—
	Interest rate swap liabilities	$	—		$	2,282		$	—
		November 30, 2013
		Quoted Prices in			Significant			Significant
		Active Markets for			Observable			Unobservable
		Identical Assets			Inputs			Inputs
		(Level 1)			(Level 2)			(Level 3)
	Marketable equity securities	$	2,208		$	—		$	—
	Interest rate swap asset	$	—		$	63		$	—
	Interest rate swap liabilities	$	—		$	2,285		$	—
	The carrying and estimated fair values of Griffin’s financial instruments are as follows:
		Fair Value		May 31, 2014						November 30, 2013
		Hierarchy		Carrying			Estimated			Carrying		Estimated
		Level		Value			Fair Value			Value		Fair Value
	Financial assets:
	Cash and cash equivalents	1		$	13,067		$	13,067		$	14,179	$	14,179
	Available-for-sale securities	1		2,142			2,142			2,208		2,208
	Interest rate swap	2		38			38			63		63
	Financial liabilities:
	Mortgage debt	2		65,639			66,418			66,708		67,931
	Interest rate swaps	2		2,282			2,282			2,285		2,285
	The fair values of the available-for-sale securities are based on quoted market prices.  The fair values of the mortgage debt are estimated based on current rates offered to Griffin for similar debt of the same remaining maturities, and additionally, Griffin considers its credit worthiness in determining the fair value of its debt.  The fair values of the interest rate swaps (used for purposes other than trading) are determined based on discounted cash flow models that incorporate the cash flows of the derivatives as well as the current OIS rate and swap curve along with other market data, taking into account current interest rates and the credit worthiness of the counterparty for assets and the credit worthiness of Griffin for liabilities.

Real_Estate_Assets

Real Estate Assets	6 Months Ended
	31-May-14
Real Estate Assets	'
Real Estate Assets	'
	4.              Real Estate Assets
	Real estate assets consist of:
		Estimated		May 31, 2014			November 30, 2013
		Useful Lives
	Land			$	18,224		$	17,507
	Land improvements	10 to 30 years		17,090			15,529
	Buildings and improvements	10 to 40 years		123,711			122,057
	Tenant improvements	Shorter of useful life or terms of related lease		16,296			16,126
	Machinery and equipment	3 to 20 years		11,810			4,188
	Development costs			26,739			16,861
				213,870			192,268
	Accumulated depreciation			(73,330		)	(61,078		)
				$	140,540		$	131,190
	Included in real estate assets, net as of May 31, 2014 was $1,547 reflecting the net book value of Imperial’s Connecticut farm assets that were leased to Monrovia effective January 8, 2014 (see Notes 1, 2 and 10).  Prior to that date, these assets were reported as part of property and equipment.  The assets reclassified from property and equipment to real estate assets had a cost of $11,485, net of accumulated depreciation of $9,850 at the time of the reclassification.
	Total depreciation expense and capitalized interest related to real estate assets, net were as follows:
		For the Three Months Ended,						For the Six Months Ended,
		May 31, 2014			June 1, 2013			May 31, 2014		June 1, 2013
	Depreciation expense	$	1,374		$	1,368		$	2,798	$	2,748
	Capitalized interest	$	251		$	—		$	375	$	—
	In the 2013 fourth quarter, Griffin Land completed the sale of approximately 90 acres of undeveloped land for approximately $9,000 in cash, before transaction costs (the “Windsor Land Sale”).  The land sold is located in Windsor, Connecticut and is part of an approximately 268 acre parcel of undeveloped land that straddles the town line between Windsor and Bloomfield, Connecticut.  Under the terms of the Windsor Land Sale, Griffin Land and the buyer will each construct roadways connecting the land parcel sold with existing town roads. The roads to be built will become new town roads, thereby providing public access to the remaining acreage in Griffin Land’s land parcel.  As a result of Griffin Land’s continuing involvement with the land sold, the Windsor Land Sale is being accounted for under the percentage of completion method, whereby the revenue and gain on the sale are being recognized as the total costs related to the property sold are incurred.  At the closing of the Windsor Land Sale, cash proceeds of $8,860 were placed in escrow for the potential purchase of a replacement property in a like-kind exchange under Section 1031 of the Internal Revenue Code of 1986, as amended, which was reflected as Proceeds Held in Escrow on Griffin’s consolidated balance sheet as of November 30, 2013.  The proceeds held in escrow were returned to Griffin in the 2014 second quarter as a replacement property was not acquired.
	As of May 31, 2014, approximately 34% of the total costs related to the Windsor Land Sale have been incurred; therefore, from the date of the Windsor Land Sale through May 31, 2014, approximately 34% of the total revenue and pretax gain on the sale have been recognized in Griffin’s consolidated statements of operations.  Griffin’s consolidated statements of operations for the 2014 second quarter and 2014 six month period include revenue of $277 and $370, respectively, and a pretax gain of $207 and $276, respectively, from the Windsor Land Sale.  The balance of the revenue and pretax gain on sale will be recognized when the remaining costs are incurred, which is expected to take place mostly in the third and fourth quarters of fiscal 2014.  Included on Griffin’s consolidated balance sheet as of May 31, 2014, is deferred revenue of $5,930 that will be recognized as the remaining costs are incurred.  Including the pretax gain on sale of $1,990 recognized in fiscal 2013 and $276 recognized in the 2014 six month period, the total gain on the Windsor Land Sale is expected to be approximately $6,688 after all revenue is recognized and all costs are incurred.  While management has used its best estimates, based on industry knowledge and experience, in projecting the total costs of the required roadways, increases or decreases in future costs as compared with current estimated amounts would reduce or increase the gain recognized in future periods (see Note 10).
	Real estate assets held for sale consist of:
		May 31, 2014			November 30, 2013
	Land	$	30		$	30
	Development costs	1,074			1,074
		$	1,104		$	1,104

Investments

Investments	6 Months Ended
	31-May-14
Investments	'
Investments	'
	5.              Investments
	Centaur Media plc
	Griffin’s investment in the common stock of Centaur Media plc (“Centaur Media”) is accounted for as an available-for-sale security under FASB ASC 320-10, “Investments — Debt and Equity Securities.”  Accordingly, changes in the fair value of Centaur Media, reflecting both changes in the stock price and changes in the foreign currency exchange rate, are included, net of income taxes, in accumulated other comprehensive income (see Note 9).
	As of November 30, 2013, Griffin held 2,452,462 shares of Centaur Media common stock.  In the 2014 six month period, Griffin sold 500,000 shares of its Centaur Media common stock for total cash proceeds of $566, after transaction costs.  The sale of Centaur Media common stock resulted in a pretax gain of $318 in the 2014 six month period.  Griffin utilized the average cost method to determine its gain on the sale of Centaur stock.  As of May 31, 2014, Griffin held 1,952,462 shares of Centaur Media common stock.
	The cost, unrealized gain and fair value of Griffin’s investment in Centaur Media are as follows:
		May 31, 2014		November 30, 2013
	Fair value	$	2,142	$	2,208
	Cost	1,014		1,274
	Unrealized gain	$	1,128	$	934
	Shemin Nurseries Holding Corp.
	As of December 1, 2012, Griffin held an approximate 14% equity interest in Shemin Nurseries Holding Corp. (“SNHC”), which operated a landscape nursery distribution business through its subsidiary.  Griffin accounted for its investment in SNHC under the cost method of accounting for investments.  As a result of cash distributions from SNHC in years prior to fiscal 2013 which were treated as returns of investment, Griffin did not have any remaining book value in its investment in SNHC as of December 1, 2012.  On January 18, 2013, Griffin completed the sale of its investment in SNHC for total cash proceeds of $3,418, resulting in a pretax gain of $3,397.

Property_and_Equipment

Property and Equipment	6 Months Ended
	31-May-14
Property and Equipment	'
Property and Equipment	'
	6.              Property and Equipment
	Property and equipment consist of:
		Estimated Useful	May 31, 2014			November 30, 2013
		Lives
	Land		$	—		$	437
	Land improvements	10 to 20 years	—			1,561
	Buildings and improvements	10 to 40 years	—			1,865
	Machinery and equipment	3 to 20 years	1,220			12,135
			1,220			15,998
	Accumulated depreciation		(964		)	(14,048		)
			$	256		$	1,950
	As a result of the Imperial Lease, certain assets of the Connecticut farm were reclassified from property and equipment to real estate assets on January 8, 2014.  The net book value of the assets reclassified was $1,635, reflecting cost of $11,485 net of accumulated depreciation of $9,850.
	Griffin incurred new capital lease obligations of $53 and $48 related to equipment acquisitions in the 2014 six month period and the 2013 six month period, respectively.

Mortgage_Loans

Mortgage Loans	6 Months Ended
	31-May-14
Mortgage Loans	'
Mortgage Loans	'
	7.              Mortgage Loans
	Griffin’s mortgage loans, which are nonrecourse, consist of:
		May 31, 2014		November 30, 2013
	6.30%, due May 1, 2014	$	—	$	99
	5.73%, due August 1, 2015	18,405		18,615
	8.13%, due April 1, 2016	3,422		3,603
	7.0%, due October 2, 2017	5,654		5,779
	Variable rate mortgage, due October 2, 2017*	6,479		6,563
	Variable rate mortgage, due February 1, 2019*	11,021		11,150
	Variable rate mortgage, due August 1, 2019*	7,781		7,869
	Variable rate mortgage, due January 27, 2020*	3,905		3,961
	Variable rate mortgage, due September 1, 2023*	8,972		9,069
	Total nonrecourse mortgages	$	65,639	$	66,708
	* Griffin entered into interest rate swap agreements effectively to fix the interest rates on these loans (see below).
	As of May 31, 2014, Griffin was a party to several interest rate swap agreements related to its variable rate nonrecourse mortgages on certain of its real estate assets.  Griffin accounts for its interest rate swap agreements as effective cash flow hedges (see Note 3).  No ineffectiveness on the cash flow hedges was recognized as of May 31, 2014 and none is anticipated over the term of the agreements.  Amounts in other comprehensive income (loss) will be reclassified into interest expense over the term of the swap agreements to achieve fixed rates on each mortgage.  None of the interest rate swap agreements contain any credit risk related contingent features.  In the 2014 six month period, Griffin recognized a loss (included in other comprehensive loss) before taxes of $526 on its interest rate swap agreements.  In the 2013 six month period, Griffin recognized a gain (included in other comprehensive loss) before taxes of $424 on its interest rate swap agreements.
	As of May 31, 2014, $992 was expected to be reclassified over the next twelve months from accumulated other comprehensive loss to interest expense.  As of May 31, 2014, the net fair value of Griffin’s interest rate swap agreements was $2,244, with $38 included in other assets and $2,282 included in other liabilities on Griffin’s consolidated balance sheet.
	On June 6, 2014, a subsidiary of Griffin, Griffin Center Development I, LLC, completed the refinancing of its nonrecourse mortgage loan (the “GCD Mortgage Loan”) with Farm Bureau Life Insurance Company (“Farm Bureau”) that was due April 1, 2016. The GCD Mortgage Loan is collateralized by a 165,000 square foot flex building in Windsor, Connecticut. At the time of the refinancing, the GCD Mortgage Loan had a balance of $3,391 and had an interest rate of 8.13%.  The refinancing increased the loan amount to $7,868, reduced the interest rate to 5.09% and extended the loan term to 15 years from the time of the refinancing, with payments based on a 15 year amortization schedule.
	Also on June 6, 2014, a subsidiary of Griffin, Tradeport Development I, LLC, completed the refinancing of its nonrecourse mortgage loan (the “TD Mortgage Loan”) with Farm Bureau that was due October 2, 2017. The TD Mortgage Loan is collateralized by a 100,000 square foot industrial building and a 57,000 square foot industrial building, both located in Windsor, Connecticut. At the time of the refinancing, the TD Mortgage Loan had a balance of $5,632 and had an interest rate of 7.0%. The refinancing increased the loan amount to $6,632, reduced the interest rate to 5.09% and extended the loan term to 15 years from the time of the refinancing, with payments based on a 15 year amortization schedule. $1,000 of the mortgage loan proceeds from the refinancing of the TD Mortgage Loan is being held in escrow. The escrowed funds will be released to Griffin if the 57,000 square foot industrial building is re-leased within one year from August 31, 2014, the date the current full building lease is scheduled to expire. That lease is not expected to be renewed, but may be extended for a short period. If a replacement lease reflecting rental terms agreed upon with Farm Bureau is not obtained, the proceeds being held in escrow are required to be used to make a partial prepayment, without penalty, on the TD Mortgage Loan.
	The GCD Mortgage Loan and the TD Mortgage Loan are cross-collateralized and cross-defaulted with each other. The loans may not be voluntarily prepaid for seven years; thereafter, any prepayment would require a prepayment fee and the simultaneous prepayment of both loans.

Revolving_Credit_Agreement

Revolving Credit Agreement	6 Months Ended
	31-May-14
Revolving Credit Agreement	'
Revolving Credit Agreement	'
	8.              Revolving Credit Agreement
	Griffin has a $12,500 revolving credit line with Webster Bank (the “Webster Credit Line”) that expires May 1, 2015.  Griffin has an option to extend the Webster Credit Line for an additional year.  Interest on the outstanding borrowings under the Webster Credit Line are at the one month LIBOR rate plus 2.75%.  The Webster Credit Line is collateralized by Griffin Land’s properties in Griffin Center South, aggregating approximately 235,000 square feet, and an approximately 48,000 square foot single-story office building in Griffin Center.  There have been no borrowings under the Webster Credit Line since its inception.

Stockholders_Equity

Stockholders' Equity	6 Months Ended
	31-May-14
Stockholders' Equity	'
Stockholders' Equity	'
	9.              Stockholders’ Equity
	Per Share Results
	Basic and diluted per share results were based on the following:
		For the Three Months Ended,						For the Six Months Ended,
		May 31, 2014			June 1, 2013			May 31, 2014			June 1, 2013
	(Loss) income from continuing operations for computation of basic and diluted per share results, net of tax	$	(225	)	$	(394	)	$	(1,323	)	$	1,290
	Income (loss) from discontinued operations for computation of basic and diluted per share results, net of tax	390			282			118			(92		)
	Net income (loss)	$	165		$	(112	)	$	(1,205	)	$	1,198
	Weighted average shares outstanding for computation of basic per share results	5,147,000			5,142,000			5,147,000			5,141,000
	Incremental shares from assumed exercise of Griffin stock options (a)	—			—			—			6,000
	Adjusted weighted average shares for computation of diluted per share results	5,147,000			5,142,000			5,147,000			5,147,000
	(a)                   Incremental shares from the assumed exercise of Griffin stock options are not included in periods where the inclusion of such shares would be anti-dilutive.  Such assessment is based on income (loss) from continuing operations when net income includes discontinued operations.  The incremental shares from the assumed exercise of stock options in the three month and six month periods ended May 31, 2014 would have been 12,000 and 13,000, respectively.  The incremental shares from the assumed exercise of stock options in the three months ended June 1, 2013 would have been 8,000.
	Griffin Stock Option Plan
	Stock options are granted by Griffin under the Griffin Land & Nurseries, Inc. 2009 Stock Option Plan (the “2009 Stock Option Plan”).  Options granted under the 2009 Stock Option Plan may be either incentive stock options or non-qualified stock options issued at fair market value on the date approved by Griffin’s Compensation Committee. Vesting of all of Griffin’s previously issued stock options is solely based upon service requirements and does not contain market or performance conditions.  Stock options issued will expire ten years from the grant date.  In accordance with the 2009 Stock Option Plan, stock options issued to non-employee directors upon their initial election to the board of directors are fully exercisable immediately upon the date of the option grant. Stock options issued to non-employee directors upon their reelection to the board of directors vest on the second anniversary from the date of grant. Stock options issued to employees vest in equal installments on the third, fourth and fifth anniversaries from the date of grant. None of the stock options outstanding at May 31, 2014 may be exercised as stock appreciation rights.
	The following options were granted by Griffin under the 2009 Stock Option Plan to non-employee directors upon their re-election to Griffin’s Board of Directors:
		For the Six Months Ended,
		May 31, 2014					June 1, 2013
		Number of		Fair Value per			Number of		Fair Value per
		Shares		Option at Grant			Shares		Option at Grant
				Date					Date
	Non-employee directors	8,532		$	12.42		8,112		$	12.94
	The fair values of all options granted were estimated as of the grant date using the Black-Scholes option-pricing model.  Assumptions used in determining the fair value of the stock options granted in the 2014 and 2013 six month periods were as follows:
		For the Six Months Ended,
		May 31, 2014			June 1, 2013
	Expected volatility	38.9		%	40.3		%
	Risk free interest rate	2.16		%	1.33		%
	Expected option term (in years)	8.5			8.5
	Annual dividend yield	$	0.2		$	0.2
	Activity under the Griffin Stock Option Plan is summarized as follows:
		For the Six Months Ended,
		May 31, 2014					June 1, 2013
		Number of		Weighted			Number of		Weighted
		Shares		Avg.			Shares		Avg.
				Exercise					Exercise
				Price					Price
	Outstanding at beginning of period	239,677		$	30.35		243,841		$	29.88
	Granted	8,532		$	28.12		8,112		$	29.58
	Exercised	(3,208	)	$	24.94		(6,776	)	$	11.81
	Forfeited	(23,000	)	$	30.27		—
	Outstanding at end of period	222,001		$	30.35		245,177		$	30.37
	Range of Exercise	Outstanding at		Weighted Avg.			Weighted Avg.		Total
	Prices	May 31, 2014		Exercise Price			Remaining		Intrinsic
							Contractual Life		Value
							(in years)
	$23.00-$28.00	18,068		$	25.45		6.5		$	48
	$28.00-$32.00	120,858		$	28.9		6		$	—
	$32.00-$39.00	83,075		$	33.52		4.4		$	—
		222,001		$	30.35		5.4		$	48
	Number of option holders at May 31, 2014	14
	Compensation expense and related tax benefits for stock options were as follows:
		For the Three Months Ended,						For the Six Months Ended,
		May 31, 2014			June 1, 2013			May 31, 2014			June 1, 2013
	Compensation expense - continuing operations	$	60		$	130		$	213		$	236
	Compensation expense - discontinued operations	—			22			(130		)	31
	Net compensation expense	$	60		$	152		$	83		$	267
	Related tax benefit - continuing operations	$	16		$	28		$	40		$	57
	As of May 31, 2014, the unrecognized compensation expense related to nonvested stock options that will be recognized during future periods is as follows:
	Balance of Fiscal 2014	$	125
	Fiscal 2015	$	153
	Fiscal 2016	$	33
	Accumulated Other Comprehensive Loss
	Accumulated other comprehensive loss, net of tax, is comprised of the following:
		Unrealized gain			Unrealized gain			Actuarial gain
	(loss) on cash			(loss) on investment			on postretirement
	flow hedges			in Centaur Media			benefits program			Total
Balance November 30, 2013	$	(1,401	)	$	648		$	304		$	(449	)
Other comprehensive (loss) income before reclassfications	(332		)	327			—			(5		)
Amounts reclassified	317			(204		)	(304		)	(191		)
Net activity for other comprehensive loss	(15		)	123			(304		)	(196		)
Balance May 31, 2014	$	(1,416	)	$	771		$	—		$	(645	)
	Unrealized gain			Unrealized gain			Actuarial gain
	(loss) on cash			(loss) on investment			on postretirement
	flow hedges			in Centaur Media			benefits program			Total
Balance December 1, 2012	$	(2,011	)	$	1,054		$	236		$	(721	)
Other comprehensive income	267			(672		)	—			(405		)
(loss) before reclassifications
Amounts reclassified	230			(332		)	—			(102		)
Net activity for other comprehensive loss	497			(1,004		)	—			(507		)
Balance June 1, 2013	$	(1,514	)	$	50		$	236		$	(1,228	)
The components of other comprehensive income (loss) are as follows:
	For the Three Months Ended,
	May 31, 2014									June 1, 2013
	Pre-Tax			Tax			Net-of-Tax			Pre-Tax			Tax			Net-of-Tax
				(Expense)									(Expense)
				Benefit									Benefit
Reclassifications included in net income (loss):
Termination of postretirement benefits program ($283 net of tax to discontinued operations, $21 net of tax to general and administrative expense)	$	(485	)	$	181		$	(304	)	$	—		$	—		$	—
Loss on cash flow hedges (interest expense)	253			(93		)	160			191			(71		)	120
Total reclassifications included in net income (loss)	(232		)	88			(144		)	191			(71		)	120
Mark to market adjustment on Centaur Media for an increase (decrease) in the foreign currency exchange rate	1			(1		)	—			20			(7		)	13
Mark to market adjustment on Centaur Media for a decrease in fair value	(327		)	115			(212		)	(995		)	349			(646		)
(Decrease) increase in fair value adjustments on Griffin’s cash flow hedges	(349		)	128			(221		)	293			(109		)	184
Total change in other comprehensive (loss) income	(675		)	242			(433		)	(682		)	233			(449		)
Other comprehensive (loss) income	$	(907	)	$	330		$	(577	)	$	(491	)	$	162		$	(329	)
	For the Six Months Ended,
	May 31, 2014									June 1, 2013
	Pre-Tax			Tax			Net-of-Tax			Pre-Tax			Tax			Net-of-Tax
				(Expense)									(Expense)
				Benefit									Benefit
Reclassifications included in net income (loss):
Realized gain on sale of Centaur Media (gain on sale)	$	(321	)	$	117		$	(204	)	$	(509	)	$	177		$	(332	)
Termination of postretirement benefits program ($283 net of tax to discontinued operations, $21 net of tax to general and administrative expense)	(485		)	181			(304		)	—			—			—
Loss on cash flow hedges (interest expense)	503			(186		)	317			366			(136		)	230
Total reclassifications included in net income (loss)	(303		)	112			(191		)	(143		)	41			(102		)
Mark to market adjustment on Centaur Media for an increase (decrease) in the foreign currency exchange rate	62			(22		)	40			(223		)	78			(145		)
Mark to market adjustment on Centaur Media for an increase (decrease) in fair value	441			(154		)	287			(811		)	284			(527		)
(Decrease) increase in fair value adjustments on Griffin’s cash flow hedges	(526		)	194			(332		)	424			(157		)	267
Total change in other comprehensive (loss) income	(23		)	18			(5		)	(610		)	205			(405		)
Other comprehensive (loss) income	$	(326	)	$	130		$	(196	)	$	(753	)	$	246		$	(507	)
Cash Dividend
Griffin did not declare a cash dividend in the 2014 or 2013 six month periods.  During the 2014 first quarter, Griffin paid $1,029 for the cash dividend declared in the 2013 fourth quarter.  During the 2013 first quarter, Griffin paid $1,028 for the cash dividend declared in the fourth quarter of fiscal 2012.

Supplemental_Financial_Stateme

Supplemental Financial Statement Information	6 Months Ended
	31-May-14
Supplemental Financial Statement Information	'
Supplemental Financial Statement Information	'
	10.  Supplemental Financial Statement Information
	Deferred Revenue on Land Sale
	Included in deferred revenue on Griffin’s consolidated balance sheet as of May 31, 2014 is approximately $5,930 related to the Windsor Land Sale that will be recognized as road construction required by the terms of the Windsor Land Sale is completed (see Note 4).
	Supplemental Cash Flow Information
	An increase of $503 in the 2014 six month period and a decrease of $1,034 in the 2013 six month period in Griffin’s Investment in Centaur Media reflect the mark to market adjustments of this investment and did not affect Griffin’s cash.  In the 2014 six month period, Griffin sold 500,000 shares of its Centaur Media common stock (see Note 5).
	Included in accounts payable and accrued liabilities at May 31, 2014 and November 30, 2013 were $2,430 and $813, respectively, for additions to real estate assets.  Accounts payable and accrued liabilities related to additions to real estate assets increased by $1,617 in the 2014 six month period and decreased by $221 in the 2013 six month period.
		For the Three Months Ended,				For the Six Months Ended,
		May 31, 2014		June 1, 2013		May 31, 2014		June 1, 2013
	Interest payments	$	955	$	658	$	1,930	$	1,847
	Effective January 8, 2014, in accordance with the terms of the Imperial Sale (see Notes 1, 2 and 4), Imperial sold its inventory and certain assets for $732 in cash and the Promissory Note.  The Promissory Note is due in two installments: $2,750 was due on June 1, 2014 and $1,500 is due on June 1, 2015 and was discounted at 7% to its present value of $4,036 at inception. The Promissory Note is secured by an irrevocable letter of credit. Subsequent to the end of the second quarter, Griffin received payment of the $2,750 installment from Monrovia.
	Other Postretirement Benefits
	As a result of the Imperial Sale (see Note 2), the liability for postretirement benefits, included in other liabilities on Griffin’s consolidated balance sheets, was reduced from $372 at November 30, 2013 to $63 at February 28, 2014.  A curtailment gain of $309 is included in the determination of the loss on the Imperial Sale.
	In the 2014 second quarter, Griffin terminated its postretirement benefits program.  Accordingly, the remaining liability under the postretirement benefits program was reversed and all actuarial gains under the postretirement program that had been reflected in accumulated other comprehensive income were reclassified into net income in the 2014 second quarter. As essentially all of the participants in the postretirement benefits program had been employees of Imperial, and charges related to the postretirement benefits program had been included in the results of the landscape nursery business that is now presented as a discontinued operation, the effect of the termination of the postretirement benefits program is mostly reflected in the results of discontinued operation on Griffin’s consolidated statements of operations for the 2014 second quarter and 2014 six month period.
	Income Taxes
	Griffin’s effective income tax rate on continuing operations was 40.5% for the 2014 six month period as compared to 33.0% in the 2013 six month period.  The effective tax rate in the 2014 six month period is based on management’s projections for the balance of the year.  To the extent that actual results differ from current projections, the effective income tax rate may change.
	As of May 31, 2014, Griffin’s consolidated balance sheet includes a net deferred tax asset of $6,927.  Although Griffin has incurred a cumulative pretax loss from continuing operations (excluding nonrecurring items) for the three fiscal years ended November 30, 2013, management has concluded that a valuation allowance against its net deferred tax assets is not required.
	Examinations of Griffin’s fiscal 2007, fiscal 2008 and fiscal 2009 New York state income tax returns are currently being performed.

Commitments_and_Contingencies

Commitments and Contingencies	6 Months Ended
	31-May-14
Commitments and Contingencies	'
Commitments and Contingencies	'
	11.  Commitments and Contingencies
	As of May 31, 2014, Griffin had committed purchase obligations of approximately $1,236, principally for the balance of construction of an approximately 303,000 square foot building in the Lehigh Valley of Pennsylvania and for the development of Griffin Land’s properties.
	Griffin is involved, as a defendant, in various litigation matters arising in the ordinary course of business.  In the opinion of management, based on the advice of legal counsel, the ultimate liability, if any, with respect to these matters is not expected to be material, individually or in the aggregate, to Griffin’s consolidated financial position, results of operations or cash flows.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	31-May-14
Summary of Significant Accounting Policies	'
Basis of Presentation	'
	Basis of Presentation
	The accompanying unaudited consolidated financial statements of Griffin Land & Nurseries, Inc. (“Griffin”) reflect Griffin’s real estate business, conducted through its wholly-owned subsidiary, Griffin Land, LLC (“Griffin Land”) and Griffin’s landscape nursery business, conducted through its wholly-owned subsidiary, Imperial Nurseries, Inc. (“Imperial”) that is reported as a discontinued operation (see below).  Griffin Land is principally engaged in the development, management and leasing of industrial and commercial properties. Periodically, Griffin Land may sell certain portions of its undeveloped land that it has owned for an extended time period and the use of which is not consistent with Griffin Land’s core development and leasing strategy.
	Imperial’s growing operations are reflected in the accompanying unaudited consolidated financial statements as a discontinued operation due to the sale, effective January 8, 2014, of its inventory and certain of its assets (the “Imperial Sale”) to Monrovia Connecticut LLC (“Monrovia”), a subsidiary of Monrovia Nursery Company (see Notes 2, 4 and 10).  Concurrent with the Imperial Sale, a subsidiary of Griffin and Imperial entered into a long-term lease with Monrovia for Imperial’s Connecticut production nursery.  As the growing operations of Imperial are reflected as a discontinued operation in Griffin’s unaudited consolidated financial statements, Griffin’s continuing operations presented in the accompanying financial statements solely reflect its real estate business and, therefore, industry segment information is not presented.  Accordingly, certain prior period amounts in Griffin’s unaudited consolidated financial statements have been reclassified to conform to the current presentation which better reflects Griffin’s real estate business, including presentation of an unclassified balance sheet consistent with real estate industry practice.  Certain parts of Imperial’s prior year results, such as rental revenue and expense related to the leasing of Imperial’s Florida farm to another grower and certain expenses related to the property and equipment of Imperial’s Connecticut farm, which continues to be owned by Griffin and leased to Monrovia, are included in Griffin’s continuing operations.
	Through the fiscal year ended November 30, 2013 (“fiscal 2013”), Griffin reported on a 52-53 week fiscal year that ended on the Saturday nearest November 30 and included four quarters of 13 weeks each.  Starting in the fiscal year ending November 30, 2014 (“fiscal 2014”), Griffin is reporting on a twelve month fiscal year that will end on November 30 with interim periods comprised of three months that end on the last day of the third month of each quarter.  Accordingly, the fiscal 2014 second quarter ended on May 31, 2014.
	These financial statements have been prepared in conformity with the standards of accounting measurement set forth by the Financial Accounting Standards Board (“FASB”) ASC 270, “Interim Reporting.”  The accompanying financial statements have been prepared in accordance with the accounting policies stated in Griffin’s consolidated audited financial statements for fiscal 2013 included in Griffin’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission on February 13, 2014, and should be read in conjunction with the Notes to Consolidated Financial Statements appearing in that report. All adjustments, comprising only normal recurring adjustments, which are, in the opinion of management, necessary for a fair presentation of results for the interim periods, have been reflected and all intercompany transactions have been eliminated.  The consolidated balance sheet data as of November 30, 2013 was derived from Griffin’s audited financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America (“U.S. GAAP”).
	The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses in the reporting period.  Griffin regularly evaluates estimates and assumptions related to the useful life and recoverability of long-lived assets, stock-based compensation expense, deferred income tax asset valuations, valuation of derivative instruments and the estimated costs to complete required offsite improvements to land sold.  Griffin bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by Griffin may differ materially and adversely from Griffin’s estimates.  To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.
	As of May 31, 2014, Griffin was a party to several interest rate swap agreements to hedge its interest rate exposures.  Griffin does not use derivatives for speculative purposes.  Griffin applies FASB ASC 815-10, “Derivatives and Hedging,” (“ASC 815-10”) as amended, which establishes accounting and reporting standards for derivative instruments and hedging activities.  ASC 815-10 requires Griffin to recognize all derivatives as either assets or liabilities on its consolidated balance sheet and measure those instruments at fair value.  The changes in the fair values of the interest rate swap agreements are assessed in accordance with ASC 815-10 and reflected in the carrying values of the interest rate swap agreements on Griffin’s consolidated balance sheet.  The estimated fair values are based primarily on projected future swap rates.
	Griffin applies cash flow hedge accounting to its interest rate swap agreements that are designated as hedges of the variability of future cash flows from floating rate liabilities based on the benchmark interest rates.  The change in fair values of Griffin’s interest rate swap agreements are recorded as components of accumulated other comprehensive income in stockholders’ equity to the extent they are effective.  Any ineffective portions of the change in fair value of these instruments would be recorded as interest expense.
	The results of operations for the three months ended May 31, 2014 (the “2014 second quarter”) and the six months ended May 31, 2014 (the “2014 six month period”) are not necessarily indicative of the results to be expected for the full year. The thirteen and twenty-six weeks ended June 1, 2013 are referred to herein as the “2013 second quarter” and “2013 six month period,” respectively.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	In July 2013, the FASB issued Accounting Standards Update No. 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists,” which provides guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists.  Specifically, this update requires that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, with certain exceptions.  This update was effective for Griffin in the 2014 second quarter.  The adoption of this guidance did not have an impact on Griffin’s financial position or results of operations.

Discontinued_Operation_Tables

Discontinued Operation (Tables)	6 Months Ended
	31-May-14
Discontinued Operation	'
Schedule of revenue and pretax income (loss) from Imperial's growing operations, reflected as a discontinued operation in the entity's consolidated statements of operations	'
		For the Three Months Ended,					For the Six Months Ended,
		May 31, 2014			June 1, 2013		May 31, 2014		June 1, 2013
	Net sales and other revenue	$	69		$	8,855	$	80	$	8,940
	Pretax income (loss)	$	644		$	384	$	244	$	(205	)
Schedule of pretax loss from the Imperial Sale	'
	The pretax loss from the Imperial Sale in the 2014 six month period was as follows:
	Consideration received from Monrovia, reflecting cash of $732 and note receivable of $4,036	$	4,768
	Carrying value of assets sold, principally inventory	(4,561		)
	Curtailment of employee benefit plan (see Note 10)	309
	Severance and other expenses	(563		)
	Pretax loss	$	(47	)
Schedule of assets and liabilities of Imperial's growing operation, reflected as a discontinued operation	'
		May 31, 2014			November 30, 2013
	Assets:
	Accounts receivable	$	387		$	1,151
	Inventories	—			4,116
	Other	285			360
		$	672		$	5,627
	Liabilities:
	Accounts payable and accrued liabilities	$	94		$	768

Fair_Value_Tables

Fair Value (Tables)	6 Months Ended
	31-May-14
Fair Value	'
Schedule of financial assets and liabilities carried at fair value and measured at fair value on a recurring basis:	'
		May 31, 2014
		Quoted Prices in			Significant			Significant
		Active Markets for			Observable			Unobservable
		Identical Assets			Inputs			Inputs
		(Level 1)			(Level 2)			(Level 3)
	Marketable equity securities	$	2,142		$	—		$	—
	Interest rate swap asset	$	—		$	38		$	—
	Interest rate swap liabilities	$	—		$	2,282		$	—
		November 30, 2013
		Quoted Prices in			Significant			Significant
		Active Markets for			Observable			Unobservable
		Identical Assets			Inputs			Inputs
		(Level 1)			(Level 2)			(Level 3)
	Marketable equity securities	$	2,208		$	—		$	—
	Interest rate swap asset	$	—		$	63		$	—
	Interest rate swap liabilities	$	—		$	2,285		$	—
Schedule of carrying and estimated fair values of financial instruments	'
		Fair Value		May 31, 2014						November 30, 2013
		Hierarchy		Carrying			Estimated			Carrying		Estimated
		Level		Value			Fair Value			Value		Fair Value
	Financial assets:
	Cash and cash equivalents	1		$	13,067		$	13,067		$	14,179	$	14,179
	Available-for-sale securities	1		2,142			2,142			2,208		2,208
	Interest rate swap	2		38			38			63		63
	Financial liabilities:
	Mortgage debt	2		65,639			66,418			66,708		67,931
	Interest rate swaps	2		2,282			2,282			2,285		2,285

Real_Estate_Assets_Tables

Real Estate Assets (Tables)	6 Months Ended
	31-May-14
Real estate assets	'
Schedule of real estate assets	'
		Estimated		May 31, 2014			November 30, 2013
		Useful Lives
	Land			$	18,224		$	17,507
	Land improvements	10 to 30 years		17,090			15,529
	Buildings and improvements	10 to 40 years		123,711			122,057
	Tenant improvements	Shorter of useful life or terms of related lease		16,296			16,126
	Machinery and equipment	3 to 20 years		11,810			4,188
	Development costs			26,739			16,861
				213,870			192,268
	Accumulated depreciation			(73,330		)	(61,078		)
				$	140,540		$	131,190
Schedule of total depreciation expense and capitalized interest related to real estate assets, net	'
		For the Three Months Ended,						For the Six Months Ended,
		May 31, 2014			June 1, 2013			May 31, 2014		June 1, 2013
	Depreciation expense	$	1,374		$	1,368		$	2,798	$	2,748
	Capitalized interest	$	251		$	—		$	375	$	—
Held for Sale	'
Real estate assets	'
Schedule of real estate assets	'
		May 31, 2014			November 30, 2013
	Land	$	30		$	30
	Development costs	1,074			1,074
		$	1,104		$	1,104

Investments_Tables

Investments (Tables)	6 Months Ended
	31-May-14
Investments	'
Schedule of cost, unrealized gain and fair value of Griffin's investment in Centaur Media	'
		May 31, 2014		November 30, 2013
	Fair value	$	2,142	$	2,208
	Cost	1,014		1,274
	Unrealized gain	$	1,128	$	934

Property_and_Equipment_Tables

Property and Equipment (Tables)	6 Months Ended
	31-May-14
Property and Equipment	'
Schedule of property and equipment	'
		Estimated Useful	May 31, 2014			November 30, 2013
		Lives
	Land		$	—		$	437
	Land improvements	10 to 20 years	—			1,561
	Buildings and improvements	10 to 40 years	—			1,865
	Machinery and equipment	3 to 20 years	1,220			12,135
			1,220			15,998
	Accumulated depreciation		(964		)	(14,048		)
			$	256		$	1,950

Mortgage_Loans_Tables

Mortgage Loans (Tables)	6 Months Ended
	31-May-14
Mortgage Loans	'
Schedule of mortgage loans	'
		May 31, 2014		November 30, 2013
	6.30%, due May 1, 2014	$	—	$	99
	5.73%, due August 1, 2015	18,405		18,615
	8.13%, due April 1, 2016	3,422		3,603
	7.0%, due October 2, 2017	5,654		5,779
	Variable rate mortgage, due October 2, 2017*	6,479		6,563
	Variable rate mortgage, due February 1, 2019*	11,021		11,150
	Variable rate mortgage, due August 1, 2019*	7,781		7,869
	Variable rate mortgage, due January 27, 2020*	3,905		3,961
	Variable rate mortgage, due September 1, 2023*	8,972		9,069
	Total nonrecourse mortgages	$	65,639	$	66,708
	* Griffin entered into interest rate swap agreements effectively to fix the interest rates on these loans (see below).

Stockholders_Equity_Tables

Stockholders' Equity (Tables)	6 Months Ended
	31-May-14
Stockholders' Equity	'
Schedule of basic and diluted per share results	'
		For the Three Months Ended,						For the Six Months Ended,
		May 31, 2014			June 1, 2013			May 31, 2014			June 1, 2013
	(Loss) income from continuing operations for computation of basic and diluted per share results, net of tax	$	(225	)	$	(394	)	$	(1,323	)	$	1,290
	Income (loss) from discontinued operations for computation of basic and diluted per share results, net of tax	390			282			118			(92		)
	Net income (loss)	$	165		$	(112	)	$	(1,205	)	$	1,198
	Weighted average shares outstanding for computation of basic per share results	5,147,000			5,142,000			5,147,000			5,141,000
	Incremental shares from assumed exercise of Griffin stock options (a)	—			—			—			6,000
	Adjusted weighted average shares for computation of diluted per share results	5,147,000			5,142,000			5,147,000			5,147,000
	(a)                   Incremental shares from the assumed exercise of Griffin stock options are not included in periods where the inclusion of such shares would be anti-dilutive.  Such assessment is based on income (loss) from continuing operations when net income includes discontinued operations.  The incremental shares from the assumed exercise of stock options in the three month and six month periods ended May 31, 2014 would have been 12,000 and 13,000, respectively.  The incremental shares from the assumed exercise of stock options in the three months ended June 1, 2013 would have been 8,000.
Schedule of options granted under 2009 Stock Option Plan to non-employee directors upon their re-election to Board of Directors	'
		For the Six Months Ended,
		May 31, 2014					June 1, 2013
		Number of		Fair Value per			Number of		Fair Value per
		Shares		Option at Grant			Shares		Option at Grant
				Date					Date
	Non-employee directors	8,532		$	12.42		8,112		$	12.94
Schedule of assumptions used in determining fair values of the stock options granted	'
		For the Six Months Ended,
		May 31, 2014			June 1, 2013
	Expected volatility	38.9		%	40.3		%
	Risk free interest rate	2.16		%	1.33		%
	Expected option term (in years)	8.5			8.5
	Annual dividend yield	$	0.2		$	0.2
Summary of the activity under the Griffin Stock Option Plan	'
		For the Six Months Ended,
		May 31, 2014					June 1, 2013
		Number of		Weighted			Number of		Weighted
		Shares		Avg.			Shares		Avg.
				Exercise					Exercise
				Price					Price
	Outstanding at beginning of period	239,677		$	30.35		243,841		$	29.88
	Granted	8,532		$	28.12		8,112		$	29.58
	Exercised	(3,208	)	$	24.94		(6,776	)	$	11.81
	Forfeited	(23,000	)	$	30.27		—
	Outstanding at end of period	222,001		$	30.35		245,177		$	30.37
Schedule of options by range of exercise prices	'
	Range of Exercise	Outstanding at		Weighted Avg.			Weighted Avg.		Total
	Prices	May 31, 2014		Exercise Price			Remaining		Intrinsic
							Contractual Life		Value
							(in years)
	$23.00-$28.00	18,068		$	25.45		6.5		$	48
	$28.00-$32.00	120,858		$	28.9		6		$	—
	$32.00-$39.00	83,075		$	33.52		4.4		$	—
		222,001		$	30.35		5.4		$	48
Schedule of option holders	'
	Number of option holders at May 31, 2014	14
Schedule of compensation expense and related tax benefits for stock options	'
		For the Three Months Ended,						For the Six Months Ended,
		May 31, 2014			June 1, 2013			May 31, 2014			June 1, 2013
	Compensation expense - continuing operations	$	60		$	130		$	213		$	236
	Compensation expense - discontinued operations	—			22			(130		)	31
	Net compensation expense	$	60		$	152		$	83		$	267
	Related tax benefit - continuing operations	$	16		$	28		$	40		$	57
Schedule of unrecognized compensation expense related to nonvested stock options that will be recognized during future periods	'
	Balance of Fiscal 2014	$	125
	Fiscal 2015	$	153
	Fiscal 2016	$	33
Schedule of accumulated other comprehensive loss, net of tax	'
		Unrealized gain			Unrealized gain			Actuarial gain
		(loss) on cash			(loss) on investment			on postretirement
		flow hedges			in Centaur Media			benefits program			Total
	Balance November 30, 2013	$	(1,401	)	$	648		$	304		$	(449	)
	Other comprehensive (loss) income before reclassfications	(332		)	327			—			(5		)
	Amounts reclassified	317			(204		)	(304		)	(191		)
	Net activity for other comprehensive loss	(15		)	123			(304		)	(196		)
	Balance May 31, 2014	$	(1,416	)	$	771		$	—		$	(645	)
		Unrealized gain			Unrealized gain			Actuarial gain
		(loss) on cash			(loss) on investment			on postretirement
		flow hedges			in Centaur Media			benefits program			Total
	Balance December 1, 2012	$	(2,011	)	$	1,054		$	236		$	(721	)
	Other comprehensive income	267			(672		)	—			(405		)
	(loss) before reclassifications
	Amounts reclassified	230			(332		)	—			(102		)
	Net activity for other comprehensive loss	497			(1,004		)	—			(507		)
	Balance June 1, 2013	$	(1,514	)	$	50		$	236		$	(1,228	)
Schedule of changes in accumulated other comprehensive income (loss)	'
		For the Three Months Ended,
		May 31, 2014									June 1, 2013
		Pre-Tax			Tax			Net-of-Tax			Pre-Tax			Tax			Net-of-Tax
					(Expense)									(Expense)
					Benefit									Benefit
	Reclassifications included in net income (loss):
	Termination of postretirement benefits program ($283 net of tax to discontinued operations, $21 net of tax to general and administrative expense)	$	(485	)	$	181		$	(304	)	$	—		$	—		$	—
	Loss on cash flow hedges (interest expense)	253			(93		)	160			191			(71		)	120
	Total reclassifications included in net income (loss)	(232		)	88			(144		)	191			(71		)	120
	Mark to market adjustment on Centaur Media for an increase (decrease) in the foreign currency exchange rate	1			(1		)	—			20			(7		)	13
	Mark to market adjustment on Centaur Media for a decrease in fair value	(327		)	115			(212		)	(995		)	349			(646		)
	(Decrease) increase in fair value adjustments on Griffin’s cash flow hedges	(349		)	128			(221		)	293			(109		)	184
	Total change in other comprehensive (loss) income	(675		)	242			(433		)	(682		)	233			(449		)
	Other comprehensive (loss) income	$	(907	)	$	330		$	(577	)	$	(491	)	$	162		$	(329	)
		For the Six Months Ended,
		May 31, 2014									June 1, 2013
		Pre-Tax			Tax			Net-of-Tax			Pre-Tax			Tax			Net-of-Tax
					(Expense)									(Expense)
					Benefit									Benefit
	Reclassifications included in net income (loss):
	Realized gain on sale of Centaur Media (gain on sale)	$	(321	)	$	117		$	(204	)	$	(509	)	$	177		$	(332	)
	Termination of postretirement benefits program ($283 net of tax to discontinued operations, $21 net of tax to general and administrative expense)	(485		)	181			(304		)	—			—			—
	Loss on cash flow hedges (interest expense)	503			(186		)	317			366			(136		)	230
	Total reclassifications included in net income (loss)	(303		)	112			(191		)	(143		)	41			(102		)
	Mark to market adjustment on Centaur Media for an increase (decrease) in the foreign currency exchange rate	62			(22		)	40			(223		)	78			(145		)
	Mark to market adjustment on Centaur Media for an increase (decrease) in fair value	441			(154		)	287			(811		)	284			(527		)
	(Decrease) increase in fair value adjustments on Griffin’s cash flow hedges	(526		)	194			(332		)	424			(157		)	267
	Total change in other comprehensive (loss) income	(23		)	18			(5		)	(610		)	205			(405		)
	Other comprehensive (loss) income	$	(326	)	$	130		$	(196	)	$	(753	)	$	246		$	(507	)

Supplemental_Financial_Stateme1

Supplemental Financial Statement Information (Tables)	6 Months Ended
	31-May-14
Supplemental Financial Statement Information	'
Schedule of interest payments	'
		For the Three Months Ended,				For the Six Months Ended,
		May 31, 2014		June 1, 2013		May 31, 2014		June 1, 2013
	Interest payments	$	955	$	658	$	1,930	$	1,847

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Details)	6 Months Ended
	31-May-14
	item
Fiscal Year	'
Number of quarters in 13 weeks period	4
Length of period for 4 quarters	'91 days
Minimum	'
Fiscal Year	'
Length of fiscal year	'364 days
Maximum	'
Fiscal Year	'
Length of fiscal year	'371 days

Discontinued_Operation_Details

Discontinued Operation (Details) (USD $)	6 Months Ended			3 Months Ended			6 Months Ended		0 Months Ended
In Thousands, unless otherwise specified	31-May-14	Jan. 08, 2014	Nov. 30, 2013	31-May-14	Nov. 30, 2013	Mar. 02, 2013	31-May-14	Jun. 01, 2013	Jan. 08, 2014	Jun. 03, 2014	Jan. 08, 2014
				Imperial's landscape nursery business	Imperial's landscape nursery business	Imperial's landscape nursery business	Imperial's landscape nursery business	Imperial's landscape nursery business	Imperial's landscape nursery business	Imperial's landscape nursery business	Imperial's landscape nursery business
									Inventory and certain assets	Inventory and certain assets	Connecticut production nursery
									item	Subsequent events
Discontinued operation	'	'	'	'	'	'	'	'	'	'	'
Proceeds from sale of nursery inventory	'	'	'	'	'	'	'	'	$732	'	'
Non-interest bearing note receivable	'	'	'	'	'	'	'	'	4,250	'	'
Number of installments in which promissory note will become due	'	'	'	'	'	'	'	'	2	'	'
Amount of promissory note receivable due on June 1, 2014	'	'	'	'	'	'	'	'	2,750	'	'
Amount of promissory note receivable due on June 1, 2015	'	'	'	'	'	'	'	'	1,500	'	'
Discount rate (as a percent)	'	'	'	'	'	'	'	'	7.00%	'	'
Present value	4,036	'	'	'	'	'	'	'	4,036	'	'
Promissory Note installment received	'	'	'	'	'	'	'	'	'	2,750	'
Period of non-competition restrictions	'	'	'	'	'	'	'	'	'4 years	'	'
Lease period	'	'	'	'	'	'	'	'	'	'	'10 years
Optional extension period of lease	'	'	'	'	'	'	'	'	'	'	'15 years
Net annual rent receivable for each of the first five years	'	500	'	'	'	'	'	'	'	'	'
Period during which purchase option is available	'	'	'	'	'	'	'	'	'	'	'13 years
Price of land, land improvements and other operating assets under option to purchase	'	'	'	'	'	'	'	'	'	'	10,500
Price of a portion of land under option to purchase	'	'	'	'	'	'	'	'	'	'	7,000
Property and Equipment, gross	1,220	'	15,998	'	'	'	'	'	'	'	11,485
Accumulated depreciation	964	'	14,048	'	'	'	'	'	'	'	9,850
Revenue and the pretax loss	'	'	'	'	'	'	'	'	'	'	'
Net sales and other revenue	'	'	'	69	'	8,855	80	8,940	'	'	'
Pretax income (loss)	'	'	'	644	'	384	244	-205	'	'	'
Reclassification of actuarial gains related to entity's postretirement benefits program	'	'	'	451	'	'	451	'	'	'	'
Inventory charge included in cost of landscape nursery sales	'	'	'	'	10,400	'	'	'	'	'	'
Pretax loss from the sale of assets	'	'	'	'	'	'	'	'	'	'	'
Consideration received from Monrovia	4,768	'	'	'	'	'	'	'	'	'	'
Carrying value of assets sold, principally inventory	-4,561	'	'	'	'	'	'	'	'	'	'
Curtailment of employee benefit plan	309	'	'	'	'	'	'	'	'	'	'
Severance and other expenses	-563	'	'	'	'	'	'	'	'	'	'
Pretax loss	-47	'	'	'	'	'	'	'	'	'	'
Cash	169	'	'	'	'	'	'	'	'	'	'
Note receivable	4,036	'	'	'	'	'	'	'	4,036	'	'
Assets:	'	'	'	'	'	'	'	'	'	'	'
Accounts receivable	387	'	1,151	'	'	'	'	'	'	'	'
Inventories	'	'	4,116	'	'	'	'	'	'	'	'
Other	285	'	360	'	'	'	'	'	'	'	'
Assets	672	'	5,627	'	'	'	'	'	'	'	'
Liabilities:	'	'	'	'	'	'	'	'	'	'	'
Accounts payable and accrued liabilities	$94	'	$768	'	'	'	'	'	'	'	'

Fair_Value_Details

Fair Value (Details) (Recurring basis, USD $)	31-May-14	Nov. 30, 2013
In Thousands, unless otherwise specified
Quoted Prices in Active Markets for Identical Assets (Level 1)	'	'
Financial assets and liabilities carried at fair value and measured at fair value on a recurring basis:	'	'
Marketable equity securities	$2,142	$2,208
Significant Observable Inputs (Level 2)	'	'
Financial assets and liabilities carried at fair value and measured at fair value on a recurring basis:	'	'
Interest rate swap asset	38	63
Interest rate swap liabilities	$2,282	$2,285

Fair_Value_Details_2

Fair Value (Details 2) (USD $)	31-May-14	Nov. 30, 2013
In Thousands, unless otherwise specified
Carrying Value | Level 1	'	'
Financial assets:	'	'
Cash and cash equivalents	$13,067	$14,179
Available-for-sale securities	2,142	2,208
Carrying Value | Level 2	'	'
Financial assets:	'	'
Interest rate swap	38	63
Financial liabilities:	'	'
Mortgage debt	65,639	66,708
Interest rate swaps	2,282	2,285
Estimated Fair Value | Level 1	'	'
Financial assets:	'	'
Cash and cash equivalents	13,067	14,179
Available-for-sale securities	2,142	2,208
Estimated Fair Value | Level 2	'	'
Financial assets:	'	'
Interest rate swap	38	63
Financial liabilities:	'	'
Mortgage debt	66,418	67,931
Interest rate swaps	$2,282	$2,285

Real_Estate_Assets_Details

Real Estate Assets (Details) (USD $)

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

6 Months Ended

6 Months Ended

6 Months Ended

In Thousands, unless otherwise specified

31-May-14

Jun. 01, 2013

31-May-14

Jun. 01, 2013

Nov. 30, 2013

31-May-14

Jan. 08, 2014

31-May-14

Nov. 30, 2013

31-May-14

Nov. 30, 2013

31-May-14

31-May-14

Nov. 30, 2013

31-May-14

Nov. 30, 2013

31-May-14

Nov. 30, 2013

31-May-14

31-May-14

31-May-14

Nov. 30, 2013

31-May-14

31-May-14

31-May-14

Nov. 30, 2013

31-May-14

Nov. 30, 2013

31-May-14

31-May-14

31-May-14

Nov. 30, 2013

31-May-14

Nov. 30, 2013

Imperial's landscape nursery business

Imperial's landscape nursery business

Held for Sale

Held for Sale

Land

Land

Land

Land

Land

Land

Land

Land improvements

Land improvements

Land improvements

Land improvements

Buildings and improvements

Buildings and improvements

Buildings and improvements

Buildings and improvements

Tenant improvements

Tenant improvements

Machinery and equipment

Machinery and equipment

Machinery and equipment

Machinery and equipment

Development costs

Development costs

Development costs

Development costs

Connecticut farm

Connecticut farm

Windsor undeveloped land sale

Windsor undeveloped land sale

Windsor undeveloped land sale

Held for Sale

Held for Sale

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Held for Sale

Held for Sale

acre

Real estate assets

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Estimated Useful Lives

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'10 years

'30 years

'

'

'10 years

'40 years

'

'

'

'

'3 years

'20 years

'

'

'

'

Real estate assets, gross

$213,870

'

$213,870

'

$192,268

'

'

$1,104

$1,104

$18,224

$17,507

'

'

'

$30

$30

$17,090

$15,529

'

'

$123,711

$122,057

'

'

$16,296

$16,126

$11,810

$4,188

'

'

$26,739

$16,861

$1,074

$1,074

Accumulated depreciation

-73,330

'

-73,330

'

-61,078

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Real estate assets, net

140,540

'

140,540

'

131,190

1,547

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Property and Equipment, gross

1,220

'

1,220

'

15,998

'

11,485

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Accumulated depreciation

964

'

964

'

14,048

'

9,850

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Depreciation expense

1,374

1,368

2,798

2,748

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Capitalized interest

251

'

375

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Sales

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of acres sold

'

'

'

'

'

'

'

'

'

'

'

'

'

90

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Sale price

'

'

'

'

'

'

'

'

'

'

'

'

'

9,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of acres of undeveloped land

'

'

'

'

'

'

'

'

'

'

'

'

'

268

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from land sale deposited in escrow

'

'

'

'

8,860

'

'

'

'

'

'

'

'

8,860

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of cost incurred on sale of land

'

'

'

'

'

'

'

'

'

'

'

34.00%

34.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of total revenue and pretax gain on sale have been recognized

'

'

'

'

'

'

'

'

'

'

'

'

34.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Revenue from sale of land

'

'

'

'

'

'

'

'

'

'

'

277

370

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Pretax gain on land sale

'

'

'

'

'

'

'

'

'

'

'

207

276

1,990

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Deferred revenue that will be recognized as the construction of roadways connecting the land with existing town roads

7,472

'

7,472

'

8,467

'

'

'

'

'

'

5,930

5,930

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Estimated pretax gain on sale that would be recognized after incurring total costs and recognizing total revenue

'

'

'

'

'

'

'

'

'

'

'

'

$6,688

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Investments_Details

Investments (Details) (USD $)	6 Months Ended
In Thousands, except Share data, unless otherwise specified	31-May-14	Jun. 01, 2013	Nov. 30, 2013
Investments	'	'	'
Shares of common stock held in Centaur Media	1,952,462	'	2,452,462
Shares of Centaur Media common stock sold	500,000	'	'
Proceeds from sale of shares	$566	$1,160	'
Pre-Tax Gain on sale of common stock in Centaur Media plc	318	504	'
Investment in Centaur Media	'	'	'
Fair value	2,142	'	2,208
Cost	1,014	'	1,274
Unrealized gain	$1,128	'	$934

Investments_Details_2

Investments (Details 2) (USD $)	6 Months Ended	0 Months Ended
In Thousands, unless otherwise specified	Jun. 01, 2013	Jan. 18, 2013	Dec. 01, 2012
		SNHC	SNHC
Investments	'	'	'
Equity interest in cost method investment (as a percent)	'	'	14.00%
Total cash proceeds from sale of investment	'	$3,418	'
Pre Tax Gain on sale of investment	$3,397	$3,397	'

Property_and_Equipment_Details

Property and Equipment (Details) (USD $)

6 Months Ended

6 Months Ended

6 Months Ended

6 Months Ended

In Thousands, unless otherwise specified

31-May-14

Jun. 01, 2013

Nov. 30, 2013

Nov. 30, 2013

Nov. 30, 2013

31-May-14

31-May-14

Nov. 30, 2013

31-May-14

31-May-14

31-May-14

Nov. 30, 2013

31-May-14

31-May-14

Jan. 08, 2014

Land

Land improvements

Land improvements

Land improvements

Buildings and improvements

Buildings and improvements

Buildings and improvements

Machinery and equipment

Machinery and equipment

Machinery and equipment

Machinery and equipment

Connecticut production nursery

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Imperial's landscape nursery business

Property and Equipment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Estimated Useful Lives

'

'

'

'

'

'10 years

'20 years

'

'10 years

'40 years

'

'

'3 years

'20 years

'

Property and Equipment, gross

$1,220

'

$15,998

$437

$1,561

'

'

$1,865

'

'

$1,220

$12,135

'

'

$11,485

Accumulated depreciation

-964

'

-14,048

'

'

'

'

'

'

'

'

'

'

'

-9,850

Property and Equipment, net

256

'

1,950

'

'

'

'

'

'

'

'

'

'

'

1,635

Capital lease obligation incurred

$53

$48

'

'

'

'

'

'

'

'

'

'

'

'

'

Mortgage_Loans_Details

Mortgage Loans (Details) (USD $)

6 Months Ended

6 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

6 Months Ended

In Thousands, unless otherwise specified

31-May-14

Nov. 30, 2013

31-May-14

Jun. 01, 2013

31-May-14

Nov. 30, 2013

31-May-14

Nov. 30, 2013

31-May-14

Nov. 30, 2013

31-May-14

Nov. 30, 2013

Jun. 06, 2014

Jun. 05, 2014

Jun. 06, 2014

31-May-14

Nov. 30, 2013

Jun. 06, 2014

Jun. 05, 2014

Jun. 06, 2014

Jun. 06, 2014

31-May-14

Nov. 30, 2013

31-May-14

Nov. 30, 2013

31-May-14

Nov. 30, 2013

31-May-14

Nov. 30, 2013

31-May-14

Nov. 30, 2013

31-May-14

Interest rate swap agreement

Interest rate swap agreement

Nonrecourse mortgages

Nonrecourse mortgages

6.30%, due May 1, 2014

6.30%, due May 1, 2014

5.73%, due August 1, 2015

5.73%, due August 1, 2015

8.13%, due April 1, 2016

8.13%, due April 1, 2016

8.13%, due April 1, 2016

8.13%, due April 1, 2016

8.13%, due April 1, 2016

7.0%, due October 2, 2017

7.0%, due October 2, 2017

7.0%, due October 2, 2017

7.0%, due October 2, 2017

7.0%, due October 2, 2017

7.0%, due October 2, 2017

Variable rate mortgage, due October 2, 2017

Variable rate mortgage, due October 2, 2017

Variable rate mortgage, due February 1, 2019

Variable rate mortgage, due February 1, 2019

Variable rate mortgage, due August 1, 2019

Variable rate mortgage, due August 1, 2019

Variable rate mortgage, due January 27, 2020

Variable rate mortgage, due January 27, 2020

Variable rate mortgage, due September 1, 2023

Variable rate mortgage, due September 1, 2023

8.13% mortgage due April 1, 2016 and 7.0% mortgage due October 2, 2017

item

Griffin Center Development I, LLC

Griffin Center Development I, LLC

Griffin Center Development I, LLC

Tradeport Development I, LLC

Tradeport Development I, LLC

Tradeport Development I, LLC

Tradeport Development I, LLC

Subsequent events

Subsequent events

Flex building in Windsor, Connecticut

Subsequent events

Subsequent events

100,000 square foot Industrial building in Windsor, Connecticut

57,000 square foot Industrial building in Windsor, Connecticut

Subsequent events

Subsequent events

Subsequent events

sqft

sqft

sqft

Long-Term Debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest rate (as a percent)

'

'

'

'

'

'

6.30%

'

5.73%

'

8.13%

'

5.09%

8.13%

'

7.00%

'

5.09%

7.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

Total nonrecourse mortgages

($65,639)

($66,708)

'

'

$65,639

$66,708

'

$99

$18,405

$18,615

$3,422

$3,603

$7,868

$3,391

'

$5,654

$5,779

$6,632

$5,632

'

'

$6,479

$6,563

$11,021

$11,150

$7,781

$7,869

$3,905

$3,961

$8,972

$9,069

'

Debt disclosures

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Ineffectiveness on cash flow hedges

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Anticipated ineffectiveness on cash flow hedges

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of agreements containing credit risk related contingent features

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Recognized net gains (losses) (included in other comprehensive loss), before taxes, on interest rate swap agreements

'

'

526

424

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loss expected to be reclassified over next twelve months from accumulated other comprehensive loss to interest expense

'

'

992

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net fair values of interest rate swap agreements included in other assets and liabilities

'

'

2,244

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net fair values of interest rate swap agreements included in other assets

'

'

38

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net fair values of interest rate swap agreements included in other liabilities

'

'

2,282

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Area of collateralized properties (in square feet)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

165,000

'

'

'

'

100,000

57,000

'

'

'

'

'

'

'

'

'

'

'

Term of debt

'

'

'

'

'

'

'

'

'

'

'

'

'15 years

'

'

'

'

'15 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amortization period of debt

'

'

'

'

'

'

'

'

'

'

'

'

'15 years

'

'

'

'

'15 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount held in escrow

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$1,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum period from lease expiration date for releasing escrowed funds if mortgaged property is re-leased.

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'1 year

'

'

'

'

'

'

'

'

'

'

'

Lease expiration date

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

31-Aug-14

'

'

'

'

'

'

'

'

'

'

'

Term of restriction on prepayment of loans

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'7 years

Revolving_Credit_Agreement_Det

Revolving Credit Agreement (Details) (Webster Credit Line, USD $)	6 Months Ended
In Thousands, unless otherwise specified	31-May-14	Apr. 24, 2013	Apr. 24, 2013
		Griffin Center South, Bloomfield, CT	Single-story office building in Griffin Center
		sqft	sqft
Revolving credit agreement	'	'	'
Maximum borrowing capacity	$12,500	'	'
Variable interest rate base	'one month LIBOR	'	'
Variable interest rate margin (as a percent)	2.75%	'	'
Area, square feet	'	235,000	48,000
Borrowings under credit line	$0	'	'

Stockholders_Equity_Details

Stockholders' Equity (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	31-May-14	Jun. 01, 2013	31-May-14	Jun. 01, 2013
Per Share Results	'	'	'	'
(Loss) income from continuing operations for computation of basic and diluted per share results, net of tax	($225)	($394)	($1,323)	$1,290
Income (loss) from discontinued operations for computation of basic and diluted per share results, net of tax	390	282	118	-92
Net income (loss)	$165	($112)	($1,205)	$1,198
Weighted average shares outstanding for computation of basic per share results	5,147,000	5,142,000	5,147,000	5,141,000
Incremental shares from assumed exercise of Griffin stock options	'	'	'	6,000
Adjusted weighted average shares for computation of diluted per share results	5,147,000	5,142,000	5,147,000	5,147,000
Incremental shares from assumed exercise of stock options excluded due to anti-dilutive effect	12,000	8,000	13,000	'

Stockholders_Equity_Details_2

Stockholders' Equity (Details 2) (2009 Stock Option Plan, USD $)	6 Months Ended
	31-May-14	Jun. 01, 2013
Griffin Stock Option Plan	'	'
Granted (in shares)	8,532	8,112
Assumptions used in determining the fair value of the stock options granted	'	'
Expected volatility (as a percent)	38.90%	40.30%
Risk free interest rate (as a percent)	2.16%	1.33%
Expected option term	'8 years 6 months	'8 years 6 months
Annual dividend yield (as a percent)	20.00%	20.00%
Non-employee directors	'	'
Griffin Stock Option Plan	'	'
Granted (in shares)	8,532	8,112
Fair values of stock options granted (in dollars per share)	12.42	12.94
Employee and directors' stock options	'	'
Griffin Stock Option Plan	'	'
Expiration term	'10 years	'

Stockholders_Equity_Details_3

Stockholders' Equity (Details 3) (2009 Stock Option Plan, USD $)	6 Months Ended
	31-May-14	Jun. 01, 2013
2009 Stock Option Plan	'	'
Activity under the Griffin Stock Option Plan	'	'
Outstanding at beginning of period (in shares)	239,677	243,841
Granted (in shares)	8,532	8,112
Exercised (in shares)	-3,208	-6,776
Forfeited (in shares)	-23,000	'
Outstanding at end of period (in shares)	222,001	245,177
Weighted Avg. Exercise Price	'	'
Outstanding at beginning of period (in dollars per share)	$30.35	$29.88
Granted (in dollars per share)	$28.12	$29.58
Exercised (in dollars per share)	$24.94	$11.81
Forfeited (in dollars per share)	$30.27	'
Outstanding at end of period (in dollars per share)	$30.35	$30.37

Stockholders_Equity_Details_4

Stockholders' Equity (Details 4) (2009 Stock Option Plan, USD $)	6 Months Ended
In Thousands, except Share data, unless otherwise specified	31-May-14
Griffin Stock Option Plan	'
Outstanding at ending of the year (in shares)	222,001
Weighted Avg. Exercise Price (in dollars per share)	$30.35
Weighted Avg. Remaining Contractual Life	'5 years 4 months 24 days
Total Intrinsic Value	$48
$23.00-$28.00	'
Griffin Stock Option Plan	'
Exercise prices, low end of range (in dollars per share)	$23
Exercise prices, high end of range (in dollars per share)	$28
Outstanding at ending of the year (in shares)	18,068
Weighted Avg. Exercise Price (in dollars per share)	$25.45
Weighted Avg. Remaining Contractual Life	'6 years 6 months
Total Intrinsic Value	$48
$28.00-$32.00	'
Griffin Stock Option Plan	'
Exercise prices, low end of range (in dollars per share)	$28
Exercise prices, high end of range (in dollars per share)	$32
Outstanding at ending of the year (in shares)	120,858
Weighted Avg. Exercise Price (in dollars per share)	$28.90
Weighted Avg. Remaining Contractual Life	'6 years
$32.00-$39.00	'
Griffin Stock Option Plan	'
Exercise prices, low end of range (in dollars per share)	$32
Exercise prices, high end of range (in dollars per share)	$39
Outstanding at ending of the year (in shares)	83,075
Weighted Avg. Exercise Price (in dollars per share)	$33.52
Weighted Avg. Remaining Contractual Life	'4 years 4 months 24 days

Stockholders_Equity_Details_5

Stockholders' Equity (Details 5) (Employee and directors' stock options, USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	31-May-14	Jun. 01, 2013	31-May-14	Jun. 01, 2013
Griffin Stock Option Plan	'	'	'	'
Number of option holders	14	'	14	'
2009 Stock Option Plan	'	'	'	'
Compensation expense for stock options	'	'	'	'
Compensation expense	$60	$152	$83	$267
Related tax benefit - continuing operations	16	28	40	57
2009 Stock Option Plan | Continuing operations	'	'	'	'
Compensation expense for stock options	'	'	'	'
Compensation expense	60	130	213	236
2009 Stock Option Plan | Discontinued operations	'	'	'	'
Compensation expense for stock options	'	'	'	'
Compensation expense	'	$22	($130)	$31

Stockholders_Equity_Details_6

Stockholders' Equity (Details 6) (Nonvested Options, USD $)	31-May-14
In Thousands, unless otherwise specified
Nonvested Options	'
Unrecognized compensation expense related to non-vested stock options that will be recognized during future periods	'
Balance of Fiscal 2014	$125
Fiscal 2015	153
Fiscal 2016	$33

Stockholders_Equity_Details_7

Stockholders' Equity (Details 7) (USD $)

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

In Thousands, unless otherwise specified

31-May-14

Feb. 28, 2014

Jun. 01, 2013

Mar. 02, 2013

31-May-14

Jun. 01, 2013

31-May-14

31-May-14

31-May-14

31-May-14

31-May-14

Jun. 01, 2013

31-May-14

Jun. 01, 2013

31-May-14

Jun. 01, 2013

Dec. 01, 2012

General and administrative expense

General and administrative expense

Discontinued operations

Discontinued operations

Unrealized gain (loss) on cash flow hedges

Unrealized gain (loss) on cash flow hedges

Unrealized gain (loss) on investment in Centaur Media

Unrealized gain (loss) on investment in Centaur Media

Actuarial gain on postretirement benefit program

Actuarial gain on postretirement benefit program

Actuarial gain on postretirement benefit program

Change in accumulated other comprehensive loss, net of tax

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Balance at the beginning of the period

'

($449)

'

($721)

($449)

($721)

'

'

'

'

($1,401)

($2,011)

$648

$1,054

$304

$236

$236

Other comprehensive income (loss) before reclassifications

'

'

'

'

-5

-405

'

'

'

'

-332

267

327

-672

'

'

'

Amounts reclassified

-144

'

120

'

-191

-102

'

'

'

'

317

230

-204

-332

-304

'

'

Net activity for other comprehensive loss

'

'

'

'

-196

-507

'

'

'

'

-15

497

123

-1,004

-304

'

'

Balance at the end of the period

-645

'

-1,228

'

-645

-1,228

'

'

'

'

-1,416

-1,514

771

50

'

236

236

Reclassifications included in net income (loss):

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Realized gain on sale of Centaur Media (gain on sale)

'

'

'

'

-321

-509

'

'

'

'

'

'

'

'

'

'

'

Termination of postretirement benefits program

-485

'

'

'

-485

'

'

'

'

'

'

'

'

'

'

'

'

Loss on cash flow hedges (interest expense)

253

'

191

'

503

366

'

'

'

'

'

'

'

'

'

'

'

Total reclassifications included in net income (loss)

-232

'

191

'

-303

-143

'

'

'

'

'

'

'

'

'

'

'

Mark to market adjustment on Centaur Media for an increase (decrease) in the foreign currency exchange rate

1

'

20

'

62

-223

'

'

'

'

'

'

'

'

'

'

'

Mark to market adjustment on Centaur Media for an increase (decrease) in fair value

-327

'

-995

'

441

-811

'

'

'

'

'

'

'

'

'

'

'

(Decrease) increase in fair value adjustment on Griffin's cash flow hedges

-349

'

293

'

-526

424

'

'

'

'

'

'

'

'

'

'

'

Total change in other comprehensive (loss) income

-675

'

-682

'

-23

-610

'

'

'

'

'

'

'

'

'

'

'

Other comprehensive (loss) income

-907

'

-491

'

-326

-753

'

'

'

'

'

'

'

'

'

'

'

Reclassifications included in net income (loss):

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Realized gain on sale of Centaur Media (gain on sale)

'

'

'

'

117

177

'

'

'

'

'

'

'

'

'

'

'

Termination of postretirement benefits program

181

'

'

'

181

'

'

'

'

'

'

'

'

'

'

'

'

Loss on cash flow hedges (interest expense)

-93

'

-71

'

-186

-136

'

'

'

'

'

'

'

'

'

'

'

Total reclassifications included in net income (loss)

88

'

-71

'

112

41

'

'

'

'

'

'

'

'

'

'

'

Mark to market adjustment on Centaur Media for an increase (decrease) in the foreign currency exchange rate

-1

'

-7

'

-22

78

'

'

'

'

'

'

'

'

'

'

'

Mark to market adjustment on Centaur Media for an increase (decrease) in fair value

115

'

349

'

-154

284

'

'

'

'

'

'

'

'

'

'

'

(Decrease) increase in fair value adjustments on Griffin's cash flow hedges

128

'

-109

'

194

-157

'

'

'

'

'

'

'

'

'

'

'

Total change in other comprehensive (loss) income

242

'

233

'

18

205

'

'

'

'

'

'

'

'

'

'

'

Other comprehensive (loss) income

330

'

162

'

130

246

'

'

'

'

'

'

'

'

'

'

'

Reclassifications included in net income (loss):

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Realized gain on sale of Centaur Media (gain on sale)

'

'

'

'

-204

-332

'

'

'

'

'

'

'

'

'

'

'

Termination of postretirement benefits program

-304

'

'

'

-304

'

21

21

283

283

'

'

'

'

'

'

'

Loss on cash flow hedges (interest expense)

160

'

120

'

317

230

'

'

'

'

'

'

'

'

'

'

'

Total reclassifications included in net income (loss)

-144

'

120

'

-191

-102

'

'

'

'

317

230

-204

-332

-304

'

'

Mark to market adjustment on Centaur Media for an increase (decrease) in the foreign currency exchange rate

'

'

13

'

40

-145

'

'

'

'

'

'

'

'

'

'

'

Mark to market adjustment on Centaur Media for an increase (decrease) in fair value

-212

'

-646

'

287

-527

'

'

'

'

'

'

'

'

'

'

'

(Decrease) increase in fair value adjustments on Griffin's cash flow hedges

-221

'

184

'

-332

267

'

'

'

'

'

'

'

'

'

'

'

Total change in other comprehensive (loss) income

-433

'

-449

'

-5

-405

'

'

'

'

'

'

'

'

'

'

'

Total other comprehensive loss, net of tax

-577

'

-329

'

-196

-507

'

'

'

'

'

'

'

'

'

'

'

Cash Dividend

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cash dividend paid

'

$1,029

'

$1,028

$1,029

$1,028

'

'

'

'

'

'

'

'

'

'

'

Supplemental_Financial_Stateme2

Supplemental Financial Statement Information (Details) (USD $)	31-May-14	Nov. 30, 2013
In Thousands, unless otherwise specified
Real estate assets	'	'
Deferred revenue	$7,472	$8,467
Land | Windsor undeveloped land sale	'	'
Real estate assets	'	'
Deferred revenue	$5,930	'

Supplemental_Financial_Stateme3

Supplemental Financial Statement Information (Details 2) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
In Thousands, except Share data, unless otherwise specified	31-May-14	Jun. 01, 2013	31-May-14	Jun. 01, 2013	Nov. 30, 2013	Feb. 28, 2014
Supplemental Cash Flow Information	'	'	'	'	'	'
Increase (decrease) in value of available-for-sale securities: Investment in Centaur Media Plc	'	'	$503	($1,034)	'	'
Shares of Centaur Media common stock sold	500,000	'	500,000	'	'	'
Additions to real estate assets included in accounts payable and accrued liabilities	'	'	2,430	'	813	'
Increase (decrease) in accounts payable and accrued liabilities related to additions to real estate assets	'	'	1,617	-221	'	'
Interest paid	'	'	'	'	'	'
Interest payments	955	658	1,930	1,847	'	'
Liability for postretirement benefit	'	'	'	'	372	63
Curtailment gain included in the determination of the loss on the Imperial Sale	'	'	309	'	'	'
Income Taxes	'	'	'	'	'	'
Effective income tax rate (as a percent)	'	'	40.50%	33.00%	'	'
Net deferred tax asset	$6,927	'	$6,927	'	$5,975	'

Supplemental_Financial_Stateme4

Supplemental Financial Statement Information (Details 3) (USD $)	31-May-14	Jan. 08, 2014	Jun. 03, 2014
In Thousands, unless otherwise specified		Imperial's landscape nursery business	Imperial's landscape nursery business
		Inventory and certain assets	Inventory and certain assets
		item	Subsequent events
Discontinued operation	'	'	'
Proceeds from sale of nursery inventory	'	$732	'
Number of installments in which promissory note will become due	'	2	'
Amount of promissory note receivable due on June 1, 2014	'	2,750	'
Amount of promissory note receivable due on June 1, 2015	'	1,500	'
Discount rate (as a percent)	'	7.00%	'
Present value	4,036	4,036	'
Promissory Note installment received	'	'	$2,750

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (Property and inventory purchase commitments, USD $)	31-May-14
In Thousands, unless otherwise specified	sqft
Property and inventory purchase commitments	'
Commitments and Contingencies	'
Purchase obligations	$1,236
Purchase obligations for construction of Griffin Land, square feet	303,000