Long-term Debt (Tables)

3 Months Ended

May 31, 2013

Long-Term Debt

Long-term debt was comprised of the following at February 28, 2013 and May 31, 2013:

	As of February 28,			As of May 31,
	2013			2013
2012 Credit Agreement debt :
Revolver	$	5,000		$	6,000
Term Loan		62,000			60,000
Total 2012 Credit Agreement debt		67,000			66,000
98.7FM nonrecourse debt		79,068			78,085
Current maturities		(12,126	)		(12,228	)
Unamortized original issue discount		(2,448	)		(2,320	)
Total long-term debt	$	131,494		$	129,537

Leverage Ratio Requirements

Our Senior Leverage Ratio, Total Leverage Ratio and Minimum Fixed Charge Coverage Ratio (each as defined in the 2012 Credit Agreement) requirements and actual amounts as of May 31, 2013 were as follows:

	As of May 31, 2013
	Covenant
	Requirement		Actual Results
Maximum Senior Leverage Ratio		4.00 : 1.00		3.21 : 1.00
Maximum Total Leverage Ratio		4.75: 1.00		3.21 : 1.00
Minimum Fixed Charge Coverage Ratio		1.25 : 1.00		1.50 : 1.00

Summary of Long-Term Debt Principal Repayments

Based on amounts outstanding at May 31, 2013, mandatory principal payments of long-term debt for the next five years and thereafter are summarized below:

	2012 Credit Agreement
Year Ended	Revolver		Term Loan		98.7FM Debt		Total
February 28 (29),	Amortization		Amortization		Amortization		Amortization
2014	$	—	$	6,000	$	3,143	$	9,143
2015		—		8,000		4,541		12,541
2016		—		8,000		4,990		12,990
2017		—		8,000		5,453		13,453
2018		6,000		30,000		6,039		42,039
Thereafter		—		—		53,919		53,919
Total	$	6,000	$	60,000	$	78,085	$	144,085