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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Aug. 31, 2017
Aug. 31, 2016
Aug. 31, 2017
Aug. 31, 2016
NET REVENUES $ 42,848 $ 58,774 $ 83,012 $ 114,776
OPERATING EXPENSES:        
Station operating expenses excluding depreciation and amortization expense 33,904 46,991 65,134 89,980
Corporate expenses excluding depreciation and amortization expense 2,538 2,453 5,281 5,497
Impairment loss on intangible assets 0 2,988 0 2,988
Depreciation and amortization 881 1,282 1,859 2,614
Gain on sale of assets, net of disposition costs 76,706 0 76,706 0
Loss on disposal of property and equipment (12) (125) (12) (125)
Total operating expenses (39,371) 53,839 (4,420) 101,204
Operating income (loss) 82,219 4,935 87,432 13,572
OTHER EXPENSE:        
Interest expense (4,548) (4,758) (9,214) (9,448)
Loss on debt extinguishment (2,523) 0 (2,523) 0
Other income, net 11 89 14 132
Total other expense (7,060) (4,669) (11,723) (9,316)
INCOME BEFORE INCOME TAXES 75,159 266 75,709 4,256
PROVISION FOR INCOME TAXES 4,394 664 4,372 1,339
CONSOLIDATED NET (LOSS) INCOME 70,765 (398) 71,337 2,917
NET (LOSS) INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 808 (733) 1,647 (104)
NET INCOME ATTRIBUTABLE TO THE COMPANY $ 69,957 $ 335 $ 69,690 $ 3,021
NET INCOME PER SHARE - BASIC $ 5.69 $ 0.03 $ 5.67 $ 0.25
NET INCOME PER SHARE - DILUTED $ 5.59 $ 0.03 $ 5.59 $ 0.25
Basic weighted average common shares outstanding 12,292 12,047 12,287 11,922
Diluted weighted average common shares outstanding 12,513 12,299 12,463 12,043