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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
May 31, 2018
May 31, 2017
NET REVENUES $ 28,006 $ 40,164
OPERATING EXPENSES:    
Station operating expenses excluding depreciation and amortization expense 21,531 31,230
Corporate expenses excluding depreciation and amortization expense 2,508 2,743
Depreciation and amortization 799 978
Gain on sale of assets, net of disposition costs 32,067 0
Total operating expenses (7,229) 34,951
Operating income (loss) 35,235 5,213
OTHER EXPENSE:    
Interest expense (2,641) (4,666)
Loss on debt extinguishment (771) 0
Other income, net 16 3
Total other expense (3,396) (4,663)
INCOME BEFORE INCOME TAXES 31,839 550
(BENEFIT) PROVISION FOR INCOME TAXES 7,600 (22)
CONSOLIDATED NET INCOME 24,239 572
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 754 839
NET (LOSS) INCOME ATTRIBUTABLE TO THE COMPANY $ 23,485 $ (267)
NET (LOSS) INCOME PER SHARE - BASIC $ 1.88 $ (0.02)
NET (LOSS) INCOME PER SHARE - DILUTED $ 1.75 $ (0.02)
Basic weighted average common shares outstanding 12,483 12,257
Diluted weighted average common shares outstanding 13,411 12,257