INTANGIBLE ASSETS AND GOODWILL (Tables)

12 Months Ended

Feb. 28, 2018

Intangible Assets And Goodwill [Line Items]

Summary of intangible impairment by assessment period

We will perform additional interim impairment assessments whenever triggering events suggest such testing for the recoverability of these assets is warranted. The table below summarizes the results of our interim and annual impairment testing for the three years ending February 28, 2018.

	Interim Assessment			Annual Assessment
	FCC Licenses	Goodwill	Definite-lived	FCC Licenses	Goodwill	Definite-lived	Total
Year Ended February 29, 2016	—	—	—	5,440	695	3,364	9,499
Year Ended February 28, 2017	—	2,058	930	6,855	—	—	9,843
Year Ended February 28, 2018	—	—	—	—	265	—	265

Assumptions used in valuation of indefinite-lived intangibles

	December 1, 2015	December 1, 2016	December 1, 2017
Discount Rate	12.0% - 12.4%	12.2% - 12.5%	12.1% - 12.4%
Long-term Revenue Growth Rate	1.3% - 2.5%	1.0% - 2.0%	1.0% - 1.8%
Mature Market Share	3.2% - 29.3%	3.1% - 30.4%	12.7% - 31.1%
Operating Profit Margin	25.0% - 39.1%	25.1% - 39.1%	27.0% - 39.1%

Fcc license agreement rollforward

	Change in FCC License Carrying Values
Unit of Accounting	As of February 29, 2016		Purchase		Sale of Stations			Impairment			As of February 28, 2017		Sale of Stations			Reclassification			As of February 28, 2018
New York Cluster	$	71,614	$	—	$	—		$	—		$	71,614	$	—		$	—		$	71,614
98.7FM (New York)	49,297		—		—			(2,907		)	46,390		—			—			46,390
Austin Cluster	36,912		—		—			(2,192		)	34,720		—			—			34,720
St. Louis Cluster	26,401		34		—			(1,677		)	24,758		—			(24,758		)	—
Indianapolis Cluster	18,166		—		—			—			18,166		—			—			18,166
KPWR-FM (Los Angeles)	2,018		—		—			—			2,018		(2,018		)	—			—
Terre Haute Cluster	721		—		(642		)	(79		)	—		—			—			—
Subotal	205,129		34		(642		)	(6,855		)	197,666		(2,018		)	(24,758		)	170,890
Assets held for sale
St. Louis Cluster	—		—		—			—			—		—			24,758			24,758
Grand Total	$	205,129	$	34	$	(642	)	$	(6,855	)	$	197,666	$	(2,018	)	$	—		$	195,648

Goodwill rollforward

	Change in Goodwill Carrying Values
Reporting Unit (Segment)	As of February 29, 2016		Impairment			Sale of  Entity		As of February 28, 2017		Impairment			As of February 28, 2018
Indianapolis Cluster (Radio)	$	265	$	—		—		$	265	$	(265	)	$	—
Austin Cluster (Radio)	4,338		—			—		4,338		—			4,338
Texas Monthly (Publishing)	8,036		—			(8,036	)	—		—			—
Digonex (Corporate & Emerging Technologies)	2,058		(2,058		)	—		—		—			—
Total	$	14,697	$	(2,058	)	(8,036	)	$	4,603	$	(265	)	$	4,338

Summary of definite-lived intangible assets

The following table presents the weighted-average remaining useful life at February 28, 2018 and gross carrying amount and accumulated amortization for each major class of definite-lived intangible assets at February 28, 2017 and 2018:

		As of February 28, 2017						As of February 28, 2018
	Weighted  Average Remaining Useful Life (in years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Trademarks	N/A	$	696	$	545	$	151	$	—	$	—	$	—
Programming Contract	3.6	2,154		808		1,346		2,154		1,101		1,053
Customer List	N/A	315		289		26		—		—		—
Total		$	3,165	$	1,642	$	1,523	$	2,154	$	1,101	$	1,053

Expected amortization of definite-lived intangibles

The following table presents the Company’s estimate of amortization expense for each of the five succeeding fiscal years for definite-lived intangibles:

Year ended February 28 (29),	Expected Amortization Expense
	(in 000’s)
2019	$	294
2020	294
2021	294
2022	171
2023	—