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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
May 31, 2016
May 31, 2015
NET REVENUES $ 56,002 $ 58,453
OPERATING EXPENSES:    
Station operating expenses excluding depreciation and amortization expense of $1,132 and $1,110, respectively 42,989 45,543
Corporate expenses excluding depreciation and amortization expense of $318 and $222, respectively 3,044 3,819
Depreciation and amortization 1,332 1,450
Total operating expenses 47,365 50,812
Operating income (loss) 8,637 7,641
OTHER EXPENSE:    
Interest expense (4,690) (4,546)
Other income, net 43 10
Total other expense (4,647) (4,536)
INCOME BEFORE INCOME TAXES 3,990 3,105
PROVISION FOR INCOME TAXES 675 947
CONSOLIDATED NET INCOME 3,315 2,158
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 629 633
NET INCOME ATTRIBUTABLE TO THE COMPANY $ 2,686 $ 1,525
NET INCOME PER SHARE - BASIC $ 0.06 $ 0.04
NET INCOME PER SHARE - DILUTED $ 0.06 $ 0.03
Basic weighted average common shares outstanding 47,070 43,217
Diluted weighted average common shares outstanding 47,295 47,373