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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Feb. 28, 2018
Feb. 28, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 4,107 $ 11,349
Restricted cash 2,008 2,323
Accounts receivable, net of allowance for doubtful accounts of $903 and $539, respectively 20,594 26,484
Prepaid expenses 3,234 4,798
Assets held for sale 26,170 0
Other 3,680 1,503
Total current assets 59,793 46,457
PROPERTY AND EQUIPMENT:    
Land and buildings 26,608 27,242
Leasehold improvements 9,239 13,142
Broadcasting equipment 34,623 43,566
Office equipment and automobiles 24,773 27,810
Construction in progress 696 1,474
Total property and equipment 95,939 113,234
Less-accumulated depreciation and amortization 69,338 82,389
Total property and equipment, net 26,601 30,845
INTANGIBLE ASSETS:    
Indefinite-lived intangibles 170,890 197,666
Goodwill 4,338 4,603
Other intangibles 2,154 3,165
Total intangible assets 177,382 205,434
Less-accumulated amortization 1,101 1,642
Total intangible assets, net 176,281 203,792
OTHER ASSETS:    
Investments 800 800
Deposits and other 7,669 7,444
Total other assets 8,469 8,244
Total assets 271,144 289,338
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 6,394 13,398
Current maturities of long-term debt 16,037 23,600
Accrued salaries and commissions 3,541 6,238
Deferred revenue 4,030 4,560
Other 2,695 6,807
Total current liabilities 32,697 54,603
LONG-TERM DEBT, NET OF CURRENT PORTION 122,849 190,372
OTHER NONCURRENT LIABILITIES 5,932 4,842
DEFERRED INCOME TAXES 31,403 43,537
Total liabilities 192,881 293,354
COMMITMENTS AND CONTINGENCIES (NOTE 12)
SHAREHOLDERS’ (DEFICIT) EQUITY:    
Additional paid-in capital 594,708 592,320
Accumulated deficit (547,252) (629,381)
Total shareholders’ (deficit) equity 47,583 (36,937)
NONCONTROLLING INTERESTS 30,680 32,921
Total (deficit) equity 78,263 (4,016)
Total liabilities and (deficit) equity 271,144 289,338
Class A Common Stock    
SHAREHOLDERS’ (DEFICIT) EQUITY:    
Common stock 116 113
Class B Common Stock    
SHAREHOLDERS’ (DEFICIT) EQUITY:    
Common stock 11 11
Class C Common Stock    
SHAREHOLDERS’ (DEFICIT) EQUITY:    
Common stock $ 0 $ 0