Summary of Significant Accounting Policies (Tables)

3 Months Ended

May 31, 2014

Accounting Policies [Abstract]

Calculation of Basic and Diluted Net (loss) Income Per Share from Continuing Operations

The following table sets forth the calculation of basic and diluted net income per share:

	Three Months Ended
	May 31, 2013						May 31, 2014
	Net Income			Shares	Net Income Per Share		Net Income		Shares	Net Income Per Share
	(amounts in 000’s, except per share data)
Basic net income per common share:
Net income available to common shareholders	$	3,725		41,174	$	0.09	$	956	42,093	$	0.02
Impact of equity awards	—			2,043	—		—		2,988	—
Impact of conversion of preferred stock into common stock	(249		)	2,287	—		—		2,266	—
Diluted net income per common share:
Net income available to common shareholders	$	3,476		45,504	$	0.08	$	956	47,347	$	0.02

Shares Excluded from Calculation as Effect of Conversion into Shares of Common Stock would be Antidilutive

Shares excluded from the calculation as the effect of their conversion into shares of our common stock would be antidilutive were as follows:

	Three Months Ended May 31,
	2013	2014
	(shares in 000’s )
Equity awards	2,399	974
Antidilutive common share equivalents	2,399	974

Schedule Of Operating Results From Local Programming and Marketing Agreements

The following table summarizes certain operating results of 98.7FM for all periods presented. 98.7FM is a part of our radio segment.

	For the three months ended May 31,
	2013		2014
Net revenues	$	2,583	$	2,583
Station operating expenses, excluding depreciation and amortization expense	256		224
Interest expense	870		828

Schedule Of Assets And Liabilities Of Local Programming and Marketing Agreements

Assets and liabilities of 98.7FM as of February 28, 2014 and May 31, 2014 were as follows:

	As of February 28,		As of May 31,
	2014		2014
Current assets:
Restricted cash	$	1,407	$	1,171
Prepaid expenses	614		600
Total current assets	2,021		1,771
Noncurrent assets:
Indefinite lived intangibles	60,525		60,525
Deferred debt issuance costs, net	2,759		2,693
Deposits and other	3,082		3,457
Total noncurrent assets	66,366		66,675
Total assets	$	68,387	$	68,446
Current liabilities:
Accounts payable and accrued expenses	$	56	$	48
Current maturities of long-term debt	4,541		4,649
Deferred revenue	728		753
Other current liabilities	256		252
Total current liabilities	5,581		5,702
Noncurrent liabilities:
Long-term debt, net of current portion	70,401		69,208
Other noncurrent liabilities	24		27
Total noncurrent liabilities	70,425		69,235
Total liabilities	$	76,006	$	74,937