Segment Information

3 Months Ended

May 31, 2012

Segment Information [Abstract]

Segment Information

Note 7. Segment Information

The Company’s operations are aligned into two business segments: (i) Radio and (ii) Publishing. These business segments are consistent with the Company’s management of these businesses and its financial reporting structure. Corporate expenses are not allocated to reportable segments. The results of operations of our Hungary radio operations and the operations related to our Flint Peak Tower Site, both of which had previously been included in the radio segment, have been classified as discontinued operations and have been excluded from the segment disclosures below. See Note 1 for more discussion of our discontinued operations.

The Company’s segments operate primarily in the United States, but we also operate radio stations located in Slovakia and Bulgaria. The following table summarizes the net revenues and long-lived assets of our international properties included in our condensed consolidated financial statements.

	Net Revenues				Long-lived Assets
	Three Months Ended May 31,				As of February 29,		As of May 31,
	2011		2012		2012		2012
Continuing Operations:
Slovakia	$	2,672	$	2,277	$	6,313	$	6,181
Bulgaria		255		234		578		490
Discontinued Operations (see Note 1):
Hungary	$	7	$	—	$	8	$	—

The accounting policies as described in the summary of significant accounting policies included in the Company’s Annual Report filed on Form 10-K, for the year ended February 29, 2012, and in Note 1 to these condensed consolidated financial statements, are applied consistently across segments.

Three Months Ended
May 31, 2012	Radio			Publishing		Corporate			Consolidated
Net revenues	$	40,376		$	16,411	$	—		$	56,787
Station operating expenses, excluding depreciation and amortization		30,600			16,244		—			46,844
Corporate expenses, excluding depreciation and amortization		—			—		4,972			4,972
Depreciation and amortization		1,109			108		461			1,678
Impairment loss		10,971			—		—			10,971
Gain on sale of assets		(10,000	)		—		—			(10,000	)
Operating income (loss)	$	7,696		$	59	$	(5,433	)	$	2,322

Three Months Ended
May 31, 2011	Radio			Publishing			Corporate			Consolidated
Net revenues	$	45,370		$	15,776		$	—		$	61,146
Station operating expenses, excluding depreciation and amortization		32,988			16,346			—			49,334
Corporate expenses, excluding depreciation and amortization		—			—			7,335			7,335
Depreciation and amortization		1,735			112			264			2,111
Gain on sale of fixed assets		(3	)		—			—			(3	)
Operating income (loss)	$	10,650		$	(682	)	$	(7,599	)	$	2,369

	As of February 29, 2012
	Radio		Publishing		Corporate		Consolidated
Assets — continuing operations	$	277,676	$	37,332	$	24,762	$	339,770
Assets — discontinued operations		999		—		—		999
Total assets	$	278,675	$	37,332	$	24,762	$	340,769

	As of May 31, 2012
	Radio		Publishing		Corporate		Consolidated
Assets — continuing operations	$	285,636	$	35,393	$	28,758	$	349,787
Assets — discontinued operations		1,152		—		—		1,152
Total assets	$	286,788	$	35,393	$	28,758	$	350,939