LONG-TERM DEBT (Tables)

12 Months Ended

Feb. 28, 2014

Debt Disclosure [Abstract]

Long-Term Debt

Long-term debt was comprised of the following at February 28, 2013 and 2014:

	As of February 28, 2013			As of February 28, 2014
2012 Credit Agreement debt :
Revolver	$	5,000		$	—
Term Loan	62,000			54,000
Total 2012 Credit Agreement debt	67,000			54,000
98.7FM nonrecourse debt	79,068			74,942
Current maturities	(12,126		)	(12,541		)
Unamortized original issue discount	(2,448		)	(1,475		)
Total long-term debt	$	131,494		$	114,926

Leverage Ratio Requirements

We were in compliance with all financial and non-financial covenants as of February 28, 2014. 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 February 28, 2014 were as follows:

	As of February 28, 2014
	Covenant Requirement	Actual Results
Maximum Senior Leverage Ratio	3.25 : 1.00	2.51 : 1.00
Maximum Total Leverage Ratio	4.00 : 1.00	2.51 : 1.00
Minimum Fixed Charge Coverage Ratio	1.25 : 1.00	1.58 : 1.00

Summary of Long-Term Debt Principal Repayments

Based on amounts outstanding at February 28, 2014, 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
2015	$	—	$	8,000	$	4,541	$	12,541
2016	—		8,000		4,990		12,990
2017	—		8,000		5,453		13,453
2018	—		30,000		6,039		36,039
2019	—		—		6,587		6,587
Thereafter	—		—		47,332		47,332
Total	$	—	$	54,000	$	74,942	$	128,942