Long-term Debt (Tables)

6 Months Ended

Aug. 31, 2018

Debt Instrument

Schedule of Long-term Debt Instruments

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

	February 28, 2018			August 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			50,691
Other non-recourse debt (1)	9,992			10,033
Less: Current maturities	(16,037		)	(34,864		)
Less: Unamortized original issue discount	(3,476		)	(1,907		)
Total long-term debt	$	122,849		$	51,953

⁽¹⁾ The face value of other non-recourse debt was $10.2 million at February 28, 2018 and August 31, 2018

Schedule Of Financial Covenants

	As of August 31, 2018
	Covenant Requirement	Actual Results
Total Leverage Ratio	4.00 : 1.00	2.79 : 1.00

Schedule of Maturities of Long-term Debt

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

			98.7FM Non-recourse Debt		Other Non-recourse Debt
Year ended February 28 (29),	Term Loan						Total Payments
Remainder of 2019	$	—	$	3,359	$	—	$	3,359
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	$	50,691	$	10,239	$	88,930