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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Nov. 30, 2014
Nov. 30, 2013
Nov. 30, 2014
Nov. 30, 2013
NET REVENUES $ 62,960us-gaap_SalesRevenueServicesNet $ 52,621us-gaap_SalesRevenueServicesNet $ 184,508us-gaap_SalesRevenueServicesNet $ 158,174us-gaap_SalesRevenueServicesNet
OPERATING EXPENSES:        
Station operating expenses excluding LMA fees of $0, $383, $0 and $4,208, and depreciation and amortization expense of $665, $945, $1,321 and $1,672, respectively 44,940emms_StationOperatingExpensesExcludingDepreciationAndAmortization 38,548emms_StationOperatingExpensesExcludingDepreciationAndAmortization 134,159emms_StationOperatingExpensesExcludingDepreciationAndAmortization 118,198emms_StationOperatingExpensesExcludingDepreciationAndAmortization
Corporate expenses excluding depreciation and amortization expense of $548, $646, $1,068 and $1,272, respectively 3,241emms_CorporateExpensesExcludingDepreciationAndAmortizationExpense 3,653emms_CorporateExpensesExcludingDepreciationAndAmortizationExpense 11,472emms_CorporateExpensesExcludingDepreciationAndAmortizationExpense 13,123emms_CorporateExpensesExcludingDepreciationAndAmortizationExpense
LMA fee expense 0emms_LMAFeeExpense 0emms_LMAFeeExpense 4,208emms_LMAFeeExpense 0emms_LMAFeeExpense
Hungary license litigation and related expenses 188emms_GovernmentLicenseLitigationExpense 500emms_GovernmentLicenseLitigationExpense 472emms_GovernmentLicenseLitigationExpense 1,795emms_GovernmentLicenseLitigationExpense
Depreciation and amortization 1,482us-gaap_DepreciationAndAmortization 1,218us-gaap_DepreciationAndAmortization 4,426us-gaap_DepreciationAndAmortization 3,607us-gaap_DepreciationAndAmortization
Gain recognized on contract settlement 0us-gaap_GainLossOnContractTermination 0us-gaap_GainLossOnContractTermination (2,500)us-gaap_GainLossOnContractTermination 0us-gaap_GainLossOnContractTermination
Gain on sale of assets 3us-gaap_GainLossOnDispositionOfAssets (9)us-gaap_GainLossOnDispositionOfAssets 0us-gaap_GainLossOnDispositionOfAssets (10)us-gaap_GainLossOnDispositionOfAssets
Total operating expenses 49,854us-gaap_CostsAndExpenses 43,910us-gaap_CostsAndExpenses 152,237us-gaap_CostsAndExpenses 136,713us-gaap_CostsAndExpenses
OPERATING INCOME 13,106us-gaap_OperatingIncomeLoss 8,711us-gaap_OperatingIncomeLoss 32,271us-gaap_OperatingIncomeLoss 21,461us-gaap_OperatingIncomeLoss
OTHER EXPENSE:        
Interest expense (5,395)us-gaap_InterestExpense (1,712)us-gaap_InterestExpense (11,873)us-gaap_InterestExpense (5,441)us-gaap_InterestExpense
Loss on termination of credit agreement 0us-gaap_GainsLossesOnExtinguishmentOfDebt (653)us-gaap_GainsLossesOnExtinguishmentOfDebt (1,455)us-gaap_GainsLossesOnExtinguishmentOfDebt (653)us-gaap_GainsLossesOnExtinguishmentOfDebt
Other income, net 51us-gaap_OtherNonoperatingIncomeExpense 54us-gaap_OtherNonoperatingIncomeExpense 230us-gaap_OtherNonoperatingIncomeExpense 94us-gaap_OtherNonoperatingIncomeExpense
Total other expense (5,344)us-gaap_NonoperatingIncomeExpense (2,311)us-gaap_NonoperatingIncomeExpense (13,098)us-gaap_NonoperatingIncomeExpense (6,000)us-gaap_NonoperatingIncomeExpense
(LOSS) INCOME BEFORE INCOME TAXES AND DISCONTINUED OPERATIONS 7,762us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 6,400us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 19,173us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 15,461us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
(BENEFIT) PROVISION FOR INCOME TAXES 4,528us-gaap_IncomeTaxExpenseBenefit 732us-gaap_IncomeTaxExpenseBenefit 9,080us-gaap_IncomeTaxExpenseBenefit 911us-gaap_IncomeTaxExpenseBenefit
CONSOLIDATED NET INCOME 3,234us-gaap_ProfitLoss 5,668us-gaap_ProfitLoss 10,093us-gaap_ProfitLoss 14,550us-gaap_ProfitLoss
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 411us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 1,395us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 3,554us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 4,230us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
NET INCOME ATTRIBUTABLE TO THE COMPANY 2,823us-gaap_NetIncomeLoss 4,273us-gaap_NetIncomeLoss 6,539us-gaap_NetIncomeLoss 10,320us-gaap_NetIncomeLoss
GAIN ON EXTINGUISHMENT OF PREFERRED STOCK 0us-gaap_PreferredStockRedemptionDiscount 0us-gaap_PreferredStockRedemptionDiscount 0us-gaap_PreferredStockRedemptionDiscount 325us-gaap_PreferredStockRedemptionDiscount
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS 2,823us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 4,273us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 6,539us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 10,645us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Amounts attributable to common shareholders for basic and diluted earnings per share:        
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS 2,823us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 4,273us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 6,539us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 10,645us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Amounts attributable to common shareholders for diluted earnings per share:        
Continuing operations $ 2,823emms_NetIncomeLossAvailableToCommonStockholdersDilutedContinuingOperations $ 4,273emms_NetIncomeLossAvailableToCommonStockholdersDilutedContinuingOperations $ 6,539emms_NetIncomeLossAvailableToCommonStockholdersDilutedContinuingOperations $ 10,320emms_NetIncomeLossAvailableToCommonStockholdersDilutedContinuingOperations
Basic net (loss) income per share attributable to common shareholders:        
Continuing operations $ 0.07us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.11us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.15us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.26us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Net income per share attributable to common shareholders $ 0.07us-gaap_EarningsPerShareBasic $ 0.11us-gaap_EarningsPerShareBasic $ 0.15us-gaap_EarningsPerShareBasic $ 0.26us-gaap_EarningsPerShareBasic
Basic weighted average common shares outstanding 42,702us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 40,477us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 42,451us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 40,343us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted net (loss) income per share attributable to common shareholders:        
Continuing operations $ 0.06us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.09us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.14us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.23us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Net income per share attributable to common shareholders $ 0.06us-gaap_EarningsPerShareDiluted $ 0.09us-gaap_EarningsPerShareDiluted $ 0.14us-gaap_EarningsPerShareDiluted $ 0.23us-gaap_EarningsPerShareDiluted
Diluted weighted average common shares outstanding 47,376us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 46,212us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 47,455us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 45,657us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding