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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Nov. 30, 2013
Nov. 30, 2012
Nov. 30, 2013
Nov. 30, 2012
NET REVENUES $ 52,621 $ 50,886 $ 158,174 $ 152,783
OPERATING EXPENSES:        
Station operating expenses excluding depreciation and amortization expense of $722, $674, $2,066 and $1,995, respectively 38,548 37,399 118,198 117,749
Corporate expenses excluding depreciation and amortization expense of $496, $544, $1,446 and $1,612, respectively 3,653 3,717 13,123 12,850
Hungary license litigation and related expenses 500 371 1,795 785
Impairment loss on intangible assets 0 0 0 10,971
Depreciation and amortization 1,218 1,218 3,607 3,512
Gain on sale of assets (9) 23 (10) (9,983)
Total operating expenses 43,910 42,728 136,713 135,884
OPERATING INCOME 8,711 8,158 21,461 16,899
OTHER EXPENSE:        
Interest expense (1,712) (5,361) (5,441) (18,006)
Loss on debt extinguishment (653) (56) (653) (1,141)
Other income, net 54 164 94 147
Total other expense (2,311) (5,253) (6,000) (19,000)
(LOSS) INCOME BEFORE INCOME TAXES AND DISCONTINUED OPERATIONS 6,400 2,905 15,461 (2,101)
(BENEFIT) PROVISION FOR INCOME TAXES 732 976 911 (4,948)
INCOME FROM CONTINUING OPERATIONS 5,668 1,929 14,550 2,847
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX 0 3,707 0 40,124
CONSOLIDATED NET INCOME 5,668 5,636 14,550 42,971
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 1,395 1,036 4,230 3,515
NET INCOME ATTRIBUTABLE TO THE COMPANY 4,273 4,600 10,320 39,456
GAIN ON EXTINGUISHMENT OF PREFERRED STOCK 0 0 325 0
PREFERRED STOCK DIVIDENDS 0 0 0 (1,806)
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS 4,273 4,600 10,645 37,650
Amounts attributable to common shareholders for basic and diluted earnings per share:        
Continuing operations 4,273 893 10,645 (2,474)
Discontinued operations 0 3,707 0 40,124
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS 4,273 4,600 10,645 37,650
Amounts attributable to common shareholders for diluted earnings per share:        
Continuing operations 4,273 893 10,320 (2,474)
Discontinued operations 0 3,707 0 40,124
Net income attributable to common shareholders $ 4,273 $ 4,600 $ 10,320 $ 37,650
Basic net (loss) income per share attributable to common shareholders:        
Continuing operations $ 0.11 $ 0.02 $ 0.26 $ (0.06)
Discontinued operations, net of tax $ 0.00 $ 0.10 $ 0.00 $ 1.03
Net income per share attributable to common shareholders $ 0.11 $ 0.12 $ 0.26 $ 0.97
Basic weighted average common shares outstanding 40,477 38,976 40,343 38,871
Diluted net (loss) income per share attributable to common shareholders:        
Continuing operations $ 0.09 $ 0.02 $ 0.23 $ (0.06)
Discontinued operations, net of tax $ 0.00 $ 0.08 $ 0.00 $ 1.03
Net income per share attributable to common shareholders $ 0.09 $ 0.10 $ 0.23 $ 0.97
Diluted weighted average common shares outstanding 46,212 45,728 45,657 38,871