Summary of Significant Accounting Policies (Tables)

6 Months Ended

Aug. 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
	August 31, 2013						August 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 from continuing operations	$	2,647		41,451	$	0.06	$	2,760	42,525	$	0.06
Impact of equity awards	—			3,217			—		2,753
Impact of conversion of preferred stock into common stock	(76		)	2,269			—		2,266
Diluted net income per common share:
Net income available to common shareholders from continuing operations	$	2,571		46,937	$	0.05	$	2,760	47,544	$	0.06

	Six Months Ended
	August 31, 2013						August 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	$	6,372		41,313	$	0.15	$	3,716	42,337	$	0.09
Impact of equity awards	—			2,770	—		—		2,876	—
Impact of conversion of preferred stock into common stock	(325		)	2,278	—		—		2,266	—
Diluted net income per common share:
Net income available to common shareholders	$	6,047		46,361	$	0.13	$	3,716	47,479	$	0.08

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 August 31,		Six Months Ended August 31,
	2013	2014	2013	2014
	(shares in 000’s )
Equity awards	1,929	1,730	1,980	1,385
Antidilutive common share equivalents	1,929	1,730	1,980	1,385

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 August 31,				For the six months ended August 31,
	2013		2014		2013		2014
	(amounts in 000's)
Net revenues	$	2,583	$	2,583	$	5,166	$	5,166
Station operating expenses, excluding depreciation and amortization expense	251		260		507		484
Interest expense	861		815		1,731		1,643

Schedule Of Assets And Liabilities Of Local Programming and Marketing Agreements

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

	As of February 28,		As of August 31,
	2014		2014
	(amounts in 000's)
Current assets:
Restricted cash	$	1,407	$	1,326
Prepaid expenses	614		630
Total current assets	2,021		1,956
Noncurrent assets:
Indefinite lived intangibles	60,525		60,525
Deferred debt issuance costs, net	2,759		2,626
Deposits and other	3,082		3,781
Total noncurrent assets	66,366		66,932
Total assets	$	68,387	$	68,888
Current liabilities:
Accounts payable and accrued expenses	$	56	$	26
Current maturities of long-term debt	4,541		4,762
Deferred revenue	728		753
Other current liabilities	256		248
Total current liabilities	5,581		5,789
Noncurrent liabilities:
Long-term debt, net of current portion	70,401		67,960
Other noncurrent liabilities	24		27
Total noncurrent liabilities	70,425		67,987
Total liabilities	$	76,006	$	73,776