Segment Information

3 Months Ended

May. 31, 2015

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company’s operations are aligned into three business segments: (i) Radio, (ii) Publishing and (iii) Corporate & Emerging Technologies. Emerging Technologies includes our TagStation, NextRadio and Digonex businesses. These business segments are consistent with the Company’s management of these businesses and its financial reporting structure. Corporate expenses are not allocated to reportable segments. The Company’s segments operate exclusively in the United States. Beginning in the quarter ended August 31, 2014, the Company reports results of its Emerging Technologies activities with its Corporate activities. Results from Emerging Technologies were reclassified from the Radio segment in the prior periods presented below and are not material.

The accounting policies as described in the summary of significant accounting policies included in the Company’s Annual Report filed on Form 10-K, for the year ended February 28, 2015, and in Note 1 to these condensed consolidated financial statements, are applied consistently across segments.

Three Months Ended May 31, 2015	Radio		Publishing		Corporate & Emerging Technologies			Consolidated
Net revenues	42,593		15,525		335			$	58,453
Station operating expenses excluding depreciation and amortization expense	28,693		15,209		1,641			45,543
Corporate expenses excluding depreciation and amortization expense	—		—		3,819			3,819
Depreciation and amortization	798		61		591			1,450
Operating income (loss)	$	13,102	$	255	$	(5,716	)	$	7,641

Three Months Ended May 31, 2014	Radio			Publishing			Corporate & Emerging Technologies			Consolidated
Net revenues	44,990			14,678			56			$	59,724
Station operating expenses excluding depreciation and amortization expense	27,360			14,940			626			42,926
Corporate expenses excluding depreciation and amortization expense	—			—			4,890			4,890
LMA fees	3,825			—			—			3,825
Hungary license litigation and related expenses	92			—			—			92
Depreciation and amortization	670			57			626			1,353
Gain on sale of fixed assets	(3		)	—			—			(3		)
Operating income (loss)	$	13,046		$	(319	)	$	(6,086	)	$	6,641

Total Assets	Radio		Publishing		Corporate & Emerging Technologies		Consolidated
As of February 28, 2015	$	282,653	$	21,622	$	30,457	$	334,732
As of May 31, 2015	$	284,041	$	21,457	$	29,516	$	335,014