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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Nov. 30, 2015
Nov. 30, 2014
Nov. 30, 2015
Nov. 30, 2014
NET REVENUES $ 59,614 $ 62,960 $ 180,549 $ 184,508
OPERATING EXPENSES:        
Station operating expenses excluding LMA fees of $0, $0, $4,208 and $0, and depreciation and amortization expense of $1,141, $1,276, $2,813 and $3,540, respectively 43,654 44,940 136,931 134,159
Corporate expenses excluding depreciation and amortization expense of $341, $256, $1,613 and $845, respectively 2,810 3,241 10,116 11,472
LMA fees 0 0 0 4,208
Hungary license litigation and related expenses 0 188 0 472
Depreciation and amortization 1,532 1,482 4,385 4,426
Gain on contract settlement 0 0 0 2,500
Loss on disposal of assets   3 0 0
Total operating expenses 47,996 49,854 151,432 152,237
Operating income (loss) 11,618 13,106 29,117 32,271
OTHER EXPENSE:        
Interest expense (4,768) (5,395) (14,259) (11,873)
Loss on debt extinguishment 0 0 0 (1,455)
Other income, net 7 51 845 230
Total other expense (4,761) (5,344) (13,414) (13,098)
INCOME BEFORE INCOME TAXES 6,857 7,762 15,703 19,173
PROVISION FOR INCOME TAXES 889 4,528 2,662 9,080
CONSOLIDATED NET INCOME 5,968 3,234 13,041 10,093
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 420 411 1,574 3,554
NET INCOME ATTRIBUTABLE TO THE COMPANY $ 5,548 $ 2,823 $ 11,467 $ 6,539
NET INCOME PER SHARE - BASIC $ 0.12 $ 0.07 $ 0.26 $ 0.15
NET INCOME PER SHARE - DILUTED $ 0.12 $ 0.06 $ 0.24 $ 0.14
Basic weighted average common shares outstanding 44,400 42,702 43,844 42,451
Diluted weighted average common shares outstanding 47,504 47,376 47,451 47,455