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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
May 31, 2012
Feb. 29, 2012
CURRENT ASSETS:    
Cash and cash equivalents $ 10,486 $ 5,619
Accounts receivable, net 34,236 32,880
Prepaid expenses 13,839 12,940
Other current assets 12,133 2,252
Current assets - discontinued operations 1,152 991
Total current assets 71,846 54,682
PROPERTY AND EQUIPMENT, NET 39,763 40,502
INTANGIBLE ASSETS (Note 3):    
Indefinite-lived intangibles 202,038 213,009
Goodwill 24,175 24,175
Other intangibles, net 1,939 1,998
Total intangible assets 228,152 239,182
OTHER ASSETS, NET 11,178 6,395
NONCURRENT ASSETS - DISCONTINUED OPERATIONS 0 8
Total assets 350,939 340,769
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 13,799 11,344
Current maturities of long-term debt (Note 4) 5,501 7,978
Accrued salaries and commissions 5,786 8,136
Accrued interest 2,074 3,038
Deferred revenue 17,220 16,669
Other current liabilities 5,174 6,206
Current liabilities - discontinued operations 455 551
Total current liabilities 50,009 53,922
LONG-TERM DEBT, NET OF CURRENT MATURITIES 251,324 229,725
OTHER NONCURRENT LIABILITIES 9,140 10,988
DEFERRED INCOME TAXES 50,037 52,648
Total liabilities 360,510 347,283
COMMITMENTS AND CONTINGENCIES      
SHAREHOLDERS' DEFICIT:    
Additional paid-in capital 530,203 529,793
Accumulated deficit (636,743) (632,608)
Accumulated other comprehensive income 1,396 1,190
Total shareholders' deficit (104,756) (101,238)
NONCONTROLLING INTERESTS 48,303 47,842
Total deficit (56,453) (53,396)
Total liabilities and deficit 350,939 340,769
Series A Preferred Stock
   
CURRENT LIABILITIES:    
SERIES A CUMULATIVE CONVERTIBLE PREFERRED STOCK, $0.01 PAR VALUE; $50.00 LIQUIDATION PREFERENCE; AUTHORIZED 2,875,000 SHARES; ISSUED AND OUTSTANDING 2,422,320 SHARES AT FEBRUARY 29, 2012 AND 2,822,320 AT MAY 31, 2012. EMMIS HAS OBTAINED RIGHTS IN 1,884,679 OF THE SHARES OUTSTANDING AS OF MAY 31, 2012 (REDEMPTION AMOUNT, INCLUDING UNDECLARED DIVIDENDS IN ARREARS, OF $57,351 AND $58,247, RESPECTIVELY). (Note 2) 46,882 46,882
Class A Common Stock
   
SHAREHOLDERS' DEFICIT:    
Common Stock 341 340
Total deficit 341 340
Class B Common Stock
   
SHAREHOLDERS' DEFICIT:    
Common Stock 47 47
Total deficit $ 47 $ 47