Summary of Significant Accounting Policies (Tables)

9 Months Ended

Nov. 30, 2014

Calculation of Basic and Diluted Net (loss) Income Per Share from Continuing Operations

The following table sets forth the calculation of basic and diluted net income per share:




	For the three months ended
	November 30, 2013					November 30, 2014
	Net Income		Shares	Net Income Per Share		Net Income		Shares	Net Income Per Share
	(amounts in 000’s, except per share data)
Basic net income per common share:
Net income available to common shareholders from continuing operations	$	4,273	40,477	$	0.11	$	2,823	42,702	$	0.07
Impact of equity awards	—		3,469			—		2,408
Impact of conversion of preferred stock into common stock	—		2,266			—		2,266
Diluted net income per common share:
Net income available to common shareholders from continuing operations	$	4,273	46,212	$	0.09	$	2,823	47,376	$	0.06



	For the nine months ended
	November 30, 2013						November 30, 2014
	Net Income			Shares	Net Income Per Share		Net Income		Shares	Net Income Per Share
	(amounts in 000’s, except per share data)
Basic net income per common share:
Net income available to common shareholders	$	10,645		40,343	$	0.26	$	6,539	42,451	$	0.15
Impact of equity awards	—			3,040	—		—		2,738	—
Impact of conversion of preferred stock into common stock	(325		)	2,274	—		—		2,266	—
Diluted net income per common share:
Net income available to common shareholders	$	10,320		45,657	$	0.23	$	6,539	47,455	$	0.14

Shares Excluded from Calculation as Effect of Conversion into Shares of Common Stock would be Antidilutive

Shares excluded from the calculation as the effect of their conversion into shares of our common stock would be antidilutive were as follows:



	For the three months ended		For the nine months ended
	November 30		November 30
	2013	2014	2013	2014
	(shares in 000’s )
Equity awards	1,996	2,162	2,035	1,627
Antidilutive common share equivalents	1,996	2,162	2,035	1,627

Schedule Of Operating Results From Local Programming and Marketing Agreements

The following table summarizes certain operating results of 98.7FM for all periods presented. Net revenues for 98.7FM are solely related to LMA fees. 98.7FM is a part of our radio segment.



	For the three months ended November 30,				For the nine months ended November 30,
	2013		2014		2013		2014
	(amounts in 000's)
Net revenues	$	2,582	$	2,582	$	7,748	$	7,748
Station operating expenses, excluding depreciation and amortization expense	254		270		761		754
Interest expense	848		804		2,579		2,447

Schedule Of Assets And Liabilities Of Local Programming and Marketing Agreements

Assets and liabilities of 98.7FM as of February 28, 2014 and November 30, 2014 were as follows:



	As of February 28,		As of November 30,
	2014		2014
	(amounts in 000's)
Current assets:
Restricted cash	$	1,407	$	1,458
Prepaid expenses	614		616
Total current assets	2,021		2,074
Noncurrent assets:
Indefinite lived intangibles	60,525		60,525
Deferred debt issuance costs, net	2,759		2,560
Deposits and other	3,082		4,105
Total noncurrent assets	66,366		67,190
Total assets	$	68,387	$	69,264
Current liabilities:
Accounts payable and accrued expenses	$	56	$	37
Current maturities of long-term debt	4,541		4,875
Deferred revenue	728		753
Other current liabilities	256		245
Total current liabilities	5,581		5,910
Noncurrent liabilities:
Long-term debt, net of current portion	70,401		66,692
Other noncurrent liabilities	24		27
Total noncurrent liabilities	70,425		66,719
Total liabilities	$	76,006	$	72,629