XML 17 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Feb. 28, 2018
Feb. 28, 2017
Feb. 29, 2016
Net revenues $ 148,487 $ 214,568 $ 231,433
OPERATING EXPENSES:      
Station operating expenses excluding depreciation and amortization expense of $4,713, $3,998, and $2,897 respectively 119,758 180,085 183,394
Corporate expenses excluding depreciation and amortization expense of $1,084, $808, and $731 respectively 10,712 11,359 13,023
Impairment loss on intangible assets 265 9,843 9,499
Depreciation and amortization 3,628 4,806 5,797
Gain on sale of radio and publishing assets, net of disposition costs (76,604) (23,557) 0
Loss (gain) on sale of assets (69) 124 56
Total operating expenses 57,690 182,660 211,769
OPERATING INCOME 90,797 31,908 19,664
OTHER EXPENSE:      
Interest expense (15,143) (18,018) (18,956)
Loss on debt extinguishment (2,662) (620) 0
Other income (expense), net 35 (160) 1,057
Total other expense (17,770) (18,798) (17,899)
Income (loss) before income taxes 73,027 13,110 1,765
PROVISION (BENEFIT) FOR INCOME TAXES (11,732) (110) 2,069
CONSOLIDATED NET (LOSS) INCOME 84,759 13,220 (304)
NET (LOSS) INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 2,630 101 (2,418)
NET INCOME ATTRIBUTABLE TO THE COMPANY 82,129 13,119 2,114
LOSS ON MODIFICATION OF PREFERRED STOCK 0 0 162
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS 82,129 13,119 1,952
Amounts attributable to common shareholders for basic earnings per share:      
Net (Loss) Income Available to Common Stockholders, Basic 82,129 13,119 1,952
Amounts attributable to common shareholders for diluted earnings per share:      
Amounts attributable to common shareholders for diluted earnings per share $ 82,129 $ 13,119 $ 1,952
Basic net income (loss) per share attributable to common shareholders:      
Net income attributable to common shareholders (in dollars per share) $ 6.65 $ 1.09 $ 0.18
Basic weighted average common shares outstanding (in shares) 12,347 12,040 11,034
Diluted net income (loss) per share attributable to common shareholders:      
Net income attributable to common shareholders (in dollars per share) $ 6.50 $ 1.07 $ 0.17
Diluted weighted average common shares outstanding (in shares) 12,626 12,229 11,316