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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Aug. 31, 2018
Aug. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated net income $ 24,671 $ 71,337
Adjustments to reconcile consolidated net income to net cash used in operating activities -    
(Gain) loss on sale of assets, net of disposition costs (32,052) (76,706)
Depreciation and amortization 1,578 1,859
Amortization of debt discount 800 1,466
Noncash accretion of debt 41 371
Loss on debt extinguishment 771 2,523
Impairment of assets held for sale 205 0
Provision for bad debts 684 636
Provision (benefit) for deferred income taxes (3,897) 1,400
Noncash compensation 901 1,396
Loss on disposal of property and equipment 0 12
Changes in assets and liabilities -    
Accounts receivable 395 394
Prepaid expenses and other current assets 78 (96)
Other assets (586) (196)
Accounts payable and accrued liabilities (5,255) (12,955)
Deferred revenue 1,041 1,161
Income taxes 9,327 (107)
Other liabilities 335 713
Net cash used in operating activities (963) (6,792)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (105) (838)
Proceeds from the sale of assets 60,000 79,968
Net cash provided by investing activities 59,895 79,130
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on long-term debt (56,179) (88,774)
Proceeds from long-term debt 2,500 13,690
Debt-related costs 0 (1,636)
Distributions to noncontrolling interests (2,724) (2,254)
Proceeds from the exercise of stock options 131 61
Settlement of tax withholding obligations on stock issued to employees (386) (218)
Net cash used in financing activities (56,658) (79,131)
(DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 2,274 (6,793)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:    
Beginning of period 6,115 13,672
End of period 8,389 6,879
SUPPLEMENTAL DISCLOSURES:    
Cash paid for interest 3,280 8,321
Cash paid for (refund from) income taxes, net 349 (19)
Noncash financing transactions -    
Stock issued to employees and directors $ 901 $ 1,393