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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Aug. 31, 2016
Aug. 31, 2015
Aug. 31, 2016
Aug. 31, 2015
NET REVENUES $ 58,774 $ 62,482 $ 114,776 $ 120,935
OPERATING EXPENSES:        
Station operating expenses excluding depreciation and amortization expense of $1,132, $1,085, $2,264 and $2,195, respectively 46,991 47,734 89,980 93,277
Corporate expenses excluding depreciation and amortization expense of $271, $197, $589 and $419, respectively 2,453 3,487 5,497 7,306
Impairment loss on intangible assets 2,988 0 2,988 0
Depreciation and amortization 1,282 1,403 2,614 2,853
Loss on disposal of assets (125) 0 (125) 0
Total operating expenses 53,839 52,624 101,204 103,436
Operating income (loss) 4,935 9,858 13,572 17,499
OTHER EXPENSE:        
Interest expense (4,758) (4,945) (9,448) (9,491)
Other income, net 89 828 132 838
Total other expense (4,669) (4,117) (9,316) (8,653)
INCOME BEFORE INCOME TAXES 266 5,741 4,256 8,846
PROVISION FOR INCOME TAXES 664 826 1,339 1,773
CONSOLIDATED NET INCOME (LOSS) (398) 4,915 2,917 7,073
NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS (733) 521 (104) 1,154
NET INCOME ATTRIBUTABLE TO THE COMPANY $ 335 $ 4,394 $ 3,021 $ 5,919
NET INCOME PER SHARE - BASIC $ 0.03 $ 0.40 $ 0.25 $ 0.54
NET INCOME PER SHARE - DILUTED $ 0.03 $ 0.37 $ 0.25 $ 0.50
Basic weighted average common shares outstanding 12,047 10,950 11,922 10,884
Diluted weighted average common shares outstanding 12,299 11,813 12,043 11,847