Segment Information

3 Months Ended

May 31, 2016

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.

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 29, 2016, and in Note 1 to these condensed consolidated financial statements, are applied consistently across segments.

Three Months Ended May 31, 2016	Radio		Publishing			Corporate & Emerging Technologies			Consolidated
Net revenues	42,699		13,092			211			$	56,002
Station operating expenses excluding depreciation and amortization expense	27,275		13,478			2,236			42,989
Corporate expenses excluding depreciation and amortization expense	—		—			3,044			3,044
Depreciation and amortization	907		73			352			1,332
Operating income (loss)	$	14,517	$	(459	)	$	(5,421	)	$	8,637

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

Total Assets	Radio		Publishing		Corporate & Emerging Technologies		Consolidated
As of February 29, 2016	$	271,336	$	22,060	$	23,210	$	316,606
As of May 31, 2016	$	275,300	$	20,241	$	23,108	$	318,649