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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Aug. 31, 2014
Aug. 31, 2013
Aug. 31, 2014
Aug. 31, 2013
NET REVENUES $ 61,824 $ 54,967 $ 121,548 $ 105,553
OPERATING EXPENSES:        
Station operating expenses excluding LMA fees of $0, $383, $0 and $4,208, and depreciation and amortization expense of $665, $945, $1,321 and $1,672, respectively 46,293 41,938 89,219 79,650
Corporate expenses excluding depreciation and amortization expense of $548, $646, $1,068 and $1,272, respectively 3,341 5,070 8,231 9,470
LMA fee expense 383 0 4,208 0
Hungary license litigation and related expenses 192 1,043 284 1,295
Depreciation and amortization 1,591 1,213 2,944 2,389
Gain recognized on contract settlement (2,500) 0 (2,500) 0
Gain on sale of assets 0 (1) (3) (1)
Total operating expenses 49,300 49,263 102,383 92,803
OPERATING INCOME 12,524 5,704 19,165 12,750
OTHER EXPENSE:        
Interest expense (4,878) (1,808) (6,478) (3,729)
Loss on termination of credit agreement (1,455) 0 (1,455) 0
Other income, net 168 33 179 40
Total other expense (6,165) (1,775) (7,754) (3,689)
(LOSS) INCOME BEFORE INCOME TAXES AND DISCONTINUED OPERATIONS 6,359 3,929 11,411 9,061
(BENEFIT) PROVISION FOR INCOME TAXES 2,167 4 4,552 179
CONSOLIDATED NET INCOME 4,192 3,925 6,859 8,882
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 1,432 1,354 3,143 2,835
NET INCOME ATTRIBUTABLE TO THE COMPANY 2,760 2,571 3,716 6,047
GAIN ON EXTINGUISHMENT OF PREFERRED STOCK 0 76 0 325
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS 2,760 2,647 3,716 6,372
Amounts attributable to common shareholders for basic and diluted earnings per share:        
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS 2,760 2,647 3,716 6,372
Amounts attributable to common shareholders for diluted earnings per share:        
Continuing operations $ 2,760 $ 2,571 $ 3,716 $ 6,047
Basic net (loss) income per share attributable to common shareholders:        
Continuing operations $ 0.06 $ 0.06 $ 0.09 $ 0.15
Net income per share attributable to common shareholders $ 0.06 $ 0.06 $ 0.09 $ 0.15
Basic weighted average common shares outstanding 42,525 41,451 42,337 41,313
Diluted net (loss) income per share attributable to common shareholders:        
Continuing operations $ 0.06 $ 0.05 $ 0.08 $ 0.13
Net income per share attributable to common shareholders $ 0.06 $ 0.05 $ 0.08 $ 0.13
Diluted weighted average common shares outstanding 47,544 46,937 47,479 46,361