Long-term Debt (Tables)

3 Months Ended

May 31, 2016

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term debt was comprised of the following at February 29, 2016 and May 31, 2016:

	February 29, 2016			May 31, 2016
2014 Credit Agreement debt :
Revolver	$	3,000		$	9,000
Term Loan	181,762			176,580
Total 2014 Credit Agreement debt	184,762			185,580
98.7FM non-recourse debt	65,411			64,103
Digonex non-recourse debt (1)	4,714			4,900
Less: Current maturities	(17,573		)	(14,832		)
Less: Unamortized original issue discount	(9,287		)	(8,860		)
Total long-term debt	$	228,027		$	230,891

Schedule Of Maximum Leverage Ratio

Our Total Leverage Ratio and Interest Coverage Ratio (each as defined in the 2014 Credit Agreement) requirements and actual amounts as of May 31, 2016 were as follows:

	As of May 31, 2016
	Covenant Requirement	Actual Results
Maximum Total Leverage Ratio	6.50 : 1.00	5.43 : 1.00
Minimum Interest Coverage Ratio	2.00 : 1.00	2.46 : 1.00

Schedule of Maturities of Long-term Debt

Based on amounts outstanding at May 31, 2016, mandatory principal payments of long-term debt for the next five

years and thereafter are summarized below:

Year Ended	2014 Credit Agreement						Digonex		Total
February 28 (29),	Revolver		Term Loan		98.7FM Debt		Notes payable		Payments
2017	$	—	$	6,938	$	4,146	$	—	$	11,084
2018	—		9,250		6,039		6,199		21,488
2019	—		9,250		6,587		—		15,837
2020	9,000		9,250		7,150		—		25,400
2021	—		9,250		7,756		—		17,006
Thereafter	—		132,642		32,425		—		165,067
Total	$	9,000	$	176,580	$	64,103	$	6,199	$	255,882