Long-term Debt (Tables)

6 Months Ended

Aug. 31, 2013

Debt Disclosure [Abstract]

Long-Term Debt

Long-term debt was comprised of the following at February 28, 2013 and August 31, 2013:

	As of February 28, 2013			As of August 31, 2013
2012 Credit Agreement debt :
Revolver	$	5,000		$	5,000
Term Loan	62,000			58,000
Total 2012 Credit Agreement debt	67,000			63,000
98.7FM nonrecourse debt	79,068			77,053
Current maturities	(12,126		)	(12,331		)
Unamortized original issue discount	(2,448		)	(2,192		)
Total long-term debt	$	131,494		$	125,530

Leverage Ratio Requirements

We were in compliance with all financial and non-financial covenants as of August 31, 2013. Our Senior Leverage Ratio, Total Leverage Ratio and Minimum Fixed Charge Coverage Ratio (each as defined in the 2012 Credit Agreement) requirements and actual amounts as of August 31, 2013 were as follows:

	As of August 31, 2013
	Covenant Requirement	Actual Results
Maximum Senior Leverage Ratio	4.00 : 1.00	3.12 : 1.00
Maximum Total Leverage Ratio	4.75 : 1.00	3.12 : 1.00
Minimum Fixed Charge Coverage Ratio	1.25 : 1.00	1.42 : 1.00

Summary of Long-Term Debt Principal Repayments

Based on amounts outstanding at August 31, 2013, mandatory principal payments of long-term debt for the next five years and thereafter are summarized below:

	2012 Credit Agreement
Year Ended	Revolver		Term Loan		98.7FM Debt		Total
February 28 (29),	Amortization		Amortization		Amortization		Amortization
2014	$	—	$	4,000	$	2,111	$	6,111
2015	—		8,000		4,541		12,541
2016	—		8,000		4,990		12,990
2017	—		8,000		5,453		13,453
2018	5,000		30,000		6,039		41,039
Thereafter	—		—		53,919		53,919
Total	$	5,000	$	58,000	$	77,053	$	140,053