Segment Information

9 Months Ended

Nov. 30, 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, KXOS-FM, Emmis Interactive Inc., Country Sampler and related magazines, and the operations related to our Flint Peak Tower Site, have been classified as discontinued operations and have been excluded from the segment disclosures below. Country Sampler and related magazines had previously been included in the publishing segment, while all other discontinued operations had previously been included in the radio segment. 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				Net Revenues				Long-lived Assets
	Three Months Ended November 30,				Nine Months Ended November 30,				As of February 29,		As of November 30,
	2011		2012		2011		2012		2012		2012
Continuing Operations:
Slovakia	$	2,976	$	2,260	$	8,895	$	7,709	$	6,313	$	5,752
Bulgaria		341		268		959		826		578		426
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 November 30, 2012	Radio			Publishing		Corporate			Consolidated
Net revenues	$	37,238		$	16,176	$	—		$	53,414
Station operating expenses, excluding depreciation and amortization		25,639			14,335		—			39,974
Corporate expenses, excluding depreciation and amortization		—			—		3,717			3,717
Depreciation and amortization		841			79		496			1,416
(Gain) loss on sale of assets		(244	)		23		—			(221	)
Operating income (loss)	$	11,002		$	1,739	$	(4,213	)	$	8,528
Three Months Ended November 30, 2011	Radio			Publishing		Corporate			Consolidated
Net revenues	$	36,718		$	16,850	$	—		$	53,568
Station operating expenses, excluding depreciation and amortization		28,878			14,748		—			43,626
Corporate expenses, excluding depreciation and amortization		—			—		4,972			4,972
Depreciation and amortization		908			93		409			1,410
Loss on sale of fixed assets		—			—		—			—
Operating income (loss)	$	6,932		$	2,009	$	(5,381	)	$	3,560

Nine Months Ended November 30, 2012	Radio			Publishing		Corporate			Consolidated
Net revenues	$	118,085		$	43,233	$	—		$	161,318
Station operating expenses, excluding depreciation and amortization		82,760			42,377		—			125,137
Corporate expenses, excluding depreciation and amortization		—			—		12,850			12,850
Depreciation and amortization		2,508			247		1,446			4,201
Impairment loss		10,971			—		—			10,971
(Gain) loss on sale of assets		(10,247	)		20		—			(10,227	)
Operating income (loss)	$	32,093		$	589	$	(14,296	)	$	18,386

Nine Months Ended November 30, 2011	Radio		Publishing		Corporate			Consolidated
Net revenues	$	126,292	$	43,422	$	—		$	169,714
Station operating expenses, excluding depreciation and amortization		95,249		42,131					137,380
Corporate expenses, excluding depreciation and amortization		—		—		15,276			15,276
Depreciation and amortization		3,631		285		955			4,871
Loss on sale of fixed assets		791		1		—			792
Operating income (loss)	$	26,621	$	1,005	$	(16,231	)	$	11,395

	As of February 29, 2012
	Radio		Publishing		Corporate		Consolidated
Assets - continuing operations	$	222,727	$	24,288	$	24,762	$	271,777
Assets - discontinued operations		55,948		13,044		—		68,992
Total assets	$	278,675	$	37,332	$	24,762	$	340,769
	As of November 30, 2012
	Radio		Publishing		Corporate		Consolidated
Assets - continuing operations	$	219,762	$	23,459	$	30,526	$	273,747
Assets - discontinued operations		790		990		—		1,780
Total assets	$	220,552	$	24,449	$	30,526	$	275,527