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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Aug. 31, 2018
Aug. 31, 2017
Aug. 31, 2018
Aug. 31, 2017
NET REVENUES $ 32,056 $ 42,848 $ 60,062 $ 83,012
OPERATING EXPENSES:        
Station operating expenses excluding depreciation and amortization expense 26,003 33,904 47,534 65,134
Corporate expenses excluding depreciation and amortization expense 2,802 2,538 5,310 5,281
Depreciation and amortization 779 881 1,578 1,859
(Gain) loss on sale of assets, net of disposition costs 15 (76,706) (32,052) (76,706)
Loss on disposal of property and equipment 0 12 0 12
Total operating expenses 29,599 (39,371) 22,370 (4,420)
Operating income (loss) 2,457 82,219 37,692 87,432
OTHER EXPENSE:        
Interest expense (1,715) (4,548) (4,356) (9,214)
Loss on debt extinguishment 0 (2,523) (771) (2,523)
Other income, net 36 11 52 14
Total other expense (1,679) (7,060) (5,075) (11,723)
INCOME BEFORE INCOME TAXES 778 75,159 32,617 75,709
PROVISION FOR INCOME TAXES 346 4,394 7,946 4,372
CONSOLIDATED NET INCOME 432 70,765 24,671 71,337
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 805 808 1,559 1,647
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY $ (373) $ 69,957 $ 23,112 $ 69,690
NET INCOME (LOSS) PER SHARE - BASIC $ (0.03) $ 5.69 $ 1.85 $ 5.67
NET INCOME (LOSS) PER SHARE - DILUTED $ (0.03) $ 5.59 $ 1.71 $ 5.59
Basic weighted average common shares outstanding 12,522 12,292 12,521 12,287
Diluted weighted average common shares outstanding 12,522 12,513 13,495 12,463