Long-term Debt (Tables)

3 Months Ended

May 31, 2018

Debt Instrument

Schedule of Long-term Debt Instruments

Long-term debt was comprised of the following at February 28, 2018 and May 31, 2018:

	February 28, 2018			May 31, 2018
2014 Credit Agreement debt :
Revolver	$	9,000		$	—
Term Loan	69,451			28,000
Total 2014 Credit Agreement debt	78,451			28,000
98.7FM non-recourse debt	53,919			52,337
Other non-recourse debt (1)	9,992			10,012
Less: Current maturities	(16,037		)	(34,724		)
Less: Unamortized original issue discount	(3,476		)	(2,240		)
Total long-term debt	$	122,849		$	53,385

Schedule Of Financial Covenants

	As of May 31, 2018
	Covenant Requirement			Actual Results
Minimum EBITDA Amount	$	8.4	million	$	10.8	million
Interest Coverage Ratio	1.60 : 1.00			2.60 : 1.00

Schedule of Maturities of Long-term Debt

Based on amounts outstanding at May 31, 2018, mandatory principal payments of long-term debt for the next five years and thereafter are summarized below:

	2014 Credit Agreement				98.7FM Non-recourse Debt		Other Non-recourse Debt
Year ended February 28 (29),	Revolver		Term Loan						Total Payments
Remainder of 2019	$	—	$	—	$	5,005	$	—	$	5,005
2020	—		28,000		7,150		—		35,150
2021	—		—		7,755		—		7,755
2022	—		—		8,394		6,239		14,633
2023	—		—		9,069		4,000		13,069
Thereafter	—		—		14,964		—		14,964
Total	$	—	$	28,000	$	52,337	$	10,239	$	90,576