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Segment Information (Tables)
9 Months Ended
Nov. 30, 2019
Segment Reporting [Abstract]  
Schedule of Results of Operations of Business Segments

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 28, 2019, and in Note 1 to these condensed consolidated financial statements, are applied consistently across segments.

Three Months Ended November 30, 2019

 

Radio

 

 

Publishing

 

 

All Other

 

 

Consolidated

 

Net revenues

 

$

9,215

 

 

$

1,187

 

 

$

335

 

 

$

10,737

 

Station operating expenses excluding depreciation and amortization expense

 

 

5,941

 

 

 

1,502

 

 

 

756

 

 

 

8,199

 

Corporate expenses excluding depreciation and amortization expense

 

 

 

 

 

 

 

 

10,437

 

 

 

10,437

 

Depreciation and amortization

 

 

87

 

 

 

3

 

 

 

173

 

 

 

263

 

Gain on legal matter

 

 

 

 

 

 

 

 

(2,153

)

 

 

(2,153

)

Operating income (loss)

 

$

3,187

 

 

$

(318

)

 

$

(8,878

)

 

$

(6,009

)

 

Three Months Ended November 30, 2018

 

Radio

 

 

Publishing

 

 

All Other

 

 

Consolidated

 

Net revenues

 

$

9,202

 

 

$

1,177

 

 

$

418

 

 

$

10,797

 

Station operating expenses excluding depreciation and amortization expense

 

 

6,157

 

 

 

1,176

 

 

 

3,476

 

 

 

10,809

 

Corporate expenses excluding depreciation and amortization expense

 

 

 

 

 

 

 

 

2,297

 

 

 

2,297

 

Impairment loss

 

 

 

 

 

 

 

 

304

 

 

 

304

 

Depreciation and amortization

 

 

129

 

 

 

4

 

 

 

212

 

 

 

345

 

Loss on sale of assets, net of disposition costs

 

 

235

 

 

 

 

 

 

 

 

 

235

 

Operating income (loss)

 

$

2,681

 

 

$

(3

)

 

$

(5,871

)

 

$

(3,193

)

 

Nine Months Ended November 30, 2019

 

Radio

 

 

Publishing

 

 

All Other

 

 

Consolidated

 

Net revenues

 

$

25,321

 

 

$

3,083

 

 

$

862

 

 

$

29,266

 

Station operating expenses excluding depreciation and amortization expense

 

 

18,258

 

 

 

3,582

 

 

 

1,827

 

 

 

23,667

 

Corporate expenses excluding depreciation and amortization expense

 

 

 

 

 

 

 

 

15,211

 

 

 

15,211

 

Impairment loss

 

 

4,022

 

 

 

 

 

 

 

 

 

4,022

 

Depreciation and amortization

 

 

288

 

 

 

10

 

 

 

568

 

 

 

866

 

Loss on sale of assets, net of disposition costs

 

 

 

 

 

 

 

 

31

 

 

 

31

 

Gain on legal matter

 

 

 

 

 

 

 

 

(2,153

)

 

 

(2,153

)

Operating income (loss)

 

$

2,753

 

 

$

(509

)

 

$

(14,622

)

 

$

(12,378

)

 

Nine Months Ended November 30, 2018

 

Radio

 

 

Publishing

 

 

All Other

 

 

Consolidated

 

Net revenues

 

$

26,341

 

 

$

3,347

 

 

$

1,195

 

 

$

30,883

 

Station operating expenses excluding depreciation and amortization expense

 

 

18,661

 

 

 

3,384

 

 

 

8,449

 

 

 

30,494

 

Corporate expenses excluding depreciation and amortization expense

 

 

 

 

 

 

 

 

7,607

 

 

 

7,607

 

Impairment loss

 

 

205

 

 

 

 

 

 

304

 

 

 

509

 

Depreciation and amortization

 

 

393

 

 

 

14

 

 

 

661

 

 

 

1,068

 

(Gain) loss on sale of assets, net of disposition costs

 

 

(32,148

)

 

 

331

 

 

 

 

 

 

(31,817

)

Operating income (loss)

 

$

39,230

 

 

$

(382

)

 

$

(15,826

)

 

$

23,022

 

 

Total Assets

 

Radio

 

 

Publishing

 

 

All Other

 

 

Consolidated

 

As of February 28, 2019

 

$

216,473

 

 

$

728

 

 

$

20,545

 

 

$

237,746

 

As of November 30, 2019

 

$

95,387

 

 

$

834

 

 

$

145,286

 

 

$

241,507