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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
May 31, 2013
May 31, 2012
NET REVENUES $ 50,586 $ 48,968
OPERATING EXPENSES:    
Station operating expenses excluding depreciation and amortization expense of $664 and $656, respectively 37,712 40,572
Corporate expenses excluding depreciation and amortization expense of $461 and $520, respectively 4,400 4,972
Hungary license litigation and related expenses 252 204
Impairment loss on intangible assets   10,971
Depreciation and amortization 1,176 1,125
Gain on sale of assets   (10,000)
Total operating expenses 43,540 47,844
OPERATING INCOME 7,046 1,124
OTHER EXPENSE:    
Interest expense (1,921) (5,767)
Loss on debt extinguishment   (484)
Other income, net 7 198
Total other expense (1,914) (6,053)
(LOSS) INCOME BEFORE INCOME TAXES AND DISCONTINUED OPERATIONS 5,132 (4,929)
(BENEFIT) PROVISION FOR INCOME TAXES 175 (4,415)
(LOSS) INCOME FROM CONTINUING OPERATIONS 4,957 (514)
LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX   (2,359)
CONSOLIDATED NET (LOSS) INCOME 4,957 (2,873)
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 1,481 1,262
NET (LOSS) INCOME ATTRIBUTABLE TO THE COMPANY 3,476 (4,135)
GAIN ON EXTINGUISHMENT OF PREFERRED STOCK 249  
PREFERRED STOCK DIVIDENDS   (896)
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS 3,725 (5,031)
Amounts attributable to common shareholders for basic and diluted earnings per share:    
Continuing operations 3,725 (2,672)
Discontinued operations   (2,359)
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS 3,725 (5,031)
Amounts attributable to common shareholders for diluted earnings per share:    
Continuing operations 3,476 (2,672)
Discontinued operations   (2,359)
Net income attributable to common shareholders $ 3,476 $ (5,031)
Basic net (loss) income per share attributable to common shareholders:    
Continuing operations $ 0.09 $ (0.07)
Discontinued operations, net of tax   $ (0.06)
Net (loss) income per share attributable to common shareholders $ 0.09 $ (0.13)
Basic weighted average common shares outstanding 41,174 38,779
Diluted net (loss) income per share attributable to common shareholders:    
Continuing operations $ 0.08 $ (0.07)
Discontinued operations, net of tax   $ (0.06)
Net (loss) income per share attributable to common shareholders $ 0.08 $ (0.13)
Diluted weighted average common shares outstanding 45,504 38,779