Liquidity	9 Months Ended
Nov. 30, 2011
Liquidity [Abstract]
Liquidity	Note 2. – Liquidity On December 23, 2010, the Company and its subsidiaries executed a new Credit Agreement with RBC Bank and Community & Southern Bank (collectively, the “Banks”) to provide new financing to the Company to replace the existing credit agreement with RBC Bank that terminated in conjunction with this Agreement. The new Agreement provided for a line of credit of up to $17.5 million and two term loans of $3.5 million and $3.0 million. As of May 26, 2011, the Banks amended the Credit Agreement (1st Amendment) to reduce the revolver commitment to $15.0 million, restate the covenants to pertain to only continuing operations of the Company and to adjust the targets for the senior funded debt to EBITDA covenant for the Company’s quarters ending May 31, 2011 and August 31, 2011. As of July 26, 2011 the Banks again amended the Credit Agreement (2nd Amendment) to include a swingline promissory note of $1.0 million that is included in the revised $15.0 million revolver commitment. Additionally, on September 1, 2011, the Banks amended the Credit Agreement (3rd Amendment) to allow the Company to repurchase a limited amount of the Company’s common stock equal to ten percent of the Company’s net earnings after taxes, subject to meeting certain share repurchase conditions and revise the definition of the fixed charge coverage ratio and total liabilities to tangible net worth to exclude such repurchases. The outstanding balance of the line of credit at November 30, 2011 was $11.3 million and the balances of the term loans were $2.9 million and $2.8 million, respectively. These loans are secured by all assets and personal property of the Company and a limited guarantee of the Chief Executive Officer of $3.0 million. The $3.0 million term loan is secured by real estate property of the Company and a building owned by the Company’s Chief Executive Officer through Southeastern Metro Savings, LLC. The building will continue to be in the collateral pool until such time as the note is sufficiently paid down or it is replaced by other collateral. The agreement contains three covenants, as amended: a fixed charge coverage ratio, ratio of senior funded debt to earnings before interest, taxes, depreciation and amortization (EBITDA), and total liabilities to tangible net worth. The agreement also includes restrictions on the incurrence of additional debt or liens, investments (including Company stock, as amended), divestitures and certain other changes in the business. The Agreement expires on December 1, 2013. The interest rate on these loans is a floating LIBOR rate based on a fixed charge coverage ratio, minimum 4.0%, as defined in the loan documents. As of February 28, 2011, the Company was not in compliance with the consolidated fixed charge coverage ratio or the senior funded debt to EBITDA ratio as defined by the RBC and Community & Southern Bank credit line agreements. The Company subsequently received a waiver of these covenant violations from RBC Bank and Community & Southern Bank through the July 15, 2011 reporting of the next measurement of these covenants as of the Company’s first quarter end. The senior funded debt to EBITDA covenant was deemed to be the most restrictive by the Company and the Banks. The Company is in compliance with the covenants under the new and amended loan agreements as of November 30, 2011.

Liquidity

9 Months Ended

Nov. 30, 2011

Note 2. – Liquidity

On December 23, 2010, the Company and its subsidiaries executed a new Credit Agreement with RBC Bank and Community & Southern Bank (collectively, the “Banks”) to provide new financing to the Company to replace the existing credit agreement with RBC Bank that terminated in conjunction with this Agreement. The new Agreement provided for a line of credit of up to $17.5 million and two term loans of $3.5 million and $3.0 million. As of May 26, 2011, the Banks amended the Credit Agreement (1st Amendment) to reduce the revolver commitment to $15.0 million, restate the covenants to pertain to only continuing operations of the Company and to adjust the targets for the senior funded debt to EBITDA covenant for the Company’s quarters ending May 31, 2011 and August 31, 2011. As of July 26, 2011 the Banks again amended the Credit Agreement (2nd Amendment) to include a swingline promissory note of $1.0 million that is included in the revised $15.0 million revolver commitment. Additionally, on September 1, 2011, the Banks amended the Credit Agreement (3rd Amendment) to allow the Company to repurchase a limited amount of the Company’s common stock equal to ten percent of the Company’s net earnings after taxes, subject to meeting certain share repurchase conditions and revise the definition of the fixed charge coverage ratio and total liabilities to tangible net worth to exclude such repurchases.

The outstanding balance of the line of credit at November 30, 2011 was $11.3 million and the balances of the term loans were $2.9 million and $2.8 million, respectively. These loans are secured by all assets and personal property of the Company and a limited guarantee of the Chief Executive Officer of $3.0 million. The $3.0 million term loan is secured by real estate property of the Company and a building owned by the Company’s Chief Executive Officer through Southeastern Metro Savings, LLC. The building will continue to be in the collateral pool until such time as the note is sufficiently paid down or it is replaced by other collateral.

The agreement contains three covenants, as amended: a fixed charge coverage ratio, ratio of senior funded debt to earnings before interest, taxes, depreciation and amortization (EBITDA), and total liabilities to tangible net worth. The agreement also includes restrictions on the incurrence of additional debt or liens, investments (including Company stock, as amended), divestitures and certain other changes in the business. The Agreement expires on December 1, 2013. The interest rate on these loans is a floating LIBOR rate based on a fixed charge coverage ratio, minimum 4.0%, as defined in the loan documents.

As of February 28, 2011, the Company was not in compliance with the consolidated fixed charge coverage ratio or the senior funded debt to EBITDA ratio as defined by the RBC and Community & Southern Bank credit line agreements. The Company subsequently received a waiver of these covenant violations from RBC Bank and Community & Southern Bank through the July 15, 2011 reporting of the next measurement of these covenants as of the Company’s first quarter end. The senior funded debt to EBITDA covenant was deemed to be the most restrictive by the Company and the Banks. The Company is in compliance with the covenants under the new and amended loan agreements as of November 30, 2011.