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INTANGIBLE ASSETS AND GOODWILL (Tables)
12 Months Ended
Feb. 28, 2014
Intangible Assets And Goodwill [Line Items]  
Additional Interim Impairment Assesment
We will perform additional interim impairment assessments whenever triggering events suggest such testing for the recoverability of these assets is warranted.
 
 
Interim Assessment
 
Annual Assessment
 
 
 
FCC Licenses
 
Goodwill
 
Definite-lived
 
FCC Licenses
 
Goodwill
 
Definite-lived
 
Total
Year Ended February 29, 2012
N/A

 
N/A

 
N/A

 
$

 
$

 
$

 
$

Year Ended February 28, 2013
10,971

 

 

 

 
448

 

 
11,419

Year Ended February 28, 2014
N/A

 
N/A

 
N/A

 

 

 

 

Cluster of Radio Stations in One Geographical Market, Except for Our New York Cluster
The methodology used to value our FCC licenses has not changed in the three-year period ended February 28, 2014.
 
 
December 1, 2011 
 
December 1, 2012
 
December 1, 2013
Discount Rate
11.9% - 12.2%
 
11.9% - 12.3%
 
12.0% - 12.4%
Long-term Revenue Growth Rate
2.5% - 3.3%
 
2.3% - 3.3%
 
2.3% - 3.1%
Mature Market Share
3.2% - 29.4%
 
3.2% - 29.4%
 
3.5% - 30.2%
Operating Profit Margin
26.0% - 37.2%
 
25.1% - 38.3%
 
25.0% - 39.1%
Written Off Goodwill Associated With Austin Cluster Except for Portion of Historical Goodwill that Exists at Austin Partnership Level Attributable to Noncontrolling Interests
We have previously written off all goodwill associated with our Austin cluster except for the portion of historical goodwill that exists at the Austin partnership level attributable to noncontrolling interests.
 
 
Change in Goodwill Carrying Values
Reporting Unit
As of February 29, 2012
 
Impairment
 
Sale of Entity
 
As of February 28, 2013
Continuing Operations
 
 
 
 
 
 
 
Indianapolis Cluster
$
265

 
$

 
$

 
$
265

Austin Cluster
4,338

 

 

 
4,338

Total Radio Segment
4,603

 

 

 
4,603

Indianapolis Monthly
448

 
(448
)
 

 

Texas Monthly
8,036

 

 

 
8,036

Total Publishing Segment
8,484

 
(448
)
 

 
8,036

Total continuing operations
13,087

 
(448
)
 

 
12,639

Discontinued Operations
 
 
 
 
 
 
 
Slovakia
1,703

 

 
(1,703
)
 

Country Sampler
9,385

 

 
(9,385
)
 

Total discontinued operations
11,088

 

 
(11,088
)
 

Grand total
$
24,175

 
$
(448
)
 
$
(11,088
)
 
$
12,639

Weighted-Average Useful Life, Gross Carrying Amount and Accumulated Amortization for Definite-Lived Intangible Assets
The following table presents the weighted-average remaining useful life at February 28, 2014 and gross carrying amount and accumulated amortization for each major class of definite-lived intangible assets at February 28, 2013 and 2014:
 
 
 
 
As of February 28, 2013
 
As of February 28, 2014
 
Weighted 
Average
Remaining Useful Life
(in years)
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Trademarks
11.2
 
$
749

 
$
524

 
$
225

 
$
810

 
$
548

 
$
262

98.7FM
 
Intangible Assets And Goodwill [Line Items]  
Cluster of Radio Stations in One Geographical Market, Except for Our New York Cluster
 
 
 
Change in FCC License Carrying Values
Unit of Accounting
 
As of February 29, 2012
 
Change in Unit of 
Accounting
 
Purchases
 
Impairment
 
Sale of KXOS-FM
 
As of February 28, 2013
 
Purchases
 
As of February 28, 2014
Continuing Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
New York Cluster
 
$
74,093

 
$
(74,093
)
 
$

 
$

 
$

 
$

 
$

 
$

WQHT-FM (New York)
 

 
2,597

 

 

 

 
2,597

 

 
2,597

98.7FM (New York)
 

 
71,496

 

 
(10,971
)
 

 
60,525

 

 
60,525

Austin Cluster
 
39,025

 

 
230

 

 

 
39,255

 

 
39,255

St. Louis Cluster
 
27,692

 

 

 

 

 
27,692

 

 
27,692

Indianapolis Cluster
 
17,274

 

 
380

 

 

 
17,654

 

 
17,654

KPWR-FM (Los Angeles)
 
2,018

 

 

 

 

 
2,018

 

 
2,018

Terre Haute Cluster
 
574

 

 
207

 

 

 
781

 
36

 
817

Total Continuing Operations
 
160,676

 

 
817

 
(10,971
)
 

 
150,522

 
36

 
150,558

Discontinued Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
KXOS-FM (Los Angeles)
 
52,333

 

 

 

 
(52,333
)
 

 

 
 
Grand Total
 
$
213,009

 
$

 
$
817

 
$
(10,971
)
 
$
(52,333
)
 
$
150,522

 
$
36

 
$
150,558