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Segment Information (Tables)
9 Months Ended
Nov. 30, 2014
Segment Reporting [Abstract]  
Results of Operations of Business Segments
 
 
 
 
 
 
 
 
Three Months Ended November 30, 2014
Radio
 
Publishing
 
Corporate & Emerging Technologies
 
Consolidated
Net revenues
44,905

 
17,906

 
149

 
$
62,960

Station operating expenses excluding and depreciation and amortization expense
28,683

 
15,005

 
1,252

 
44,940

Corporate expenses excluding depreciation and amortization expense

 

 
3,241

 
3,241

Hungary license litigation and related expenses
188

 

 

 
188

Depreciation and amortization
806

 
62

 
614

 
1,482

Gain on contract settlement

 

 

 

Loss on disposal of fixed assets
3

 

 

 
3

Operating income (loss)
$
15,225

 
$
2,839

 
$
(4,958
)
 
$
13,106

 
 
 
 
 
 
 
 
Three Months Ended November 30, 2013
Radio
 
Publishing
 
Corporate & Emerging Technologies
 
Consolidated
Net revenues
34,811

 
17,767

 
43

 
$
52,621

Station operating expenses excluding depreciation and amortization expense
22,540

 
15,031

 
977

 
38,548

Corporate expenses excluding depreciation and amortization expense

 

 
3,653

 
3,653

Hungary license litigation and related expenses
500

 

 

 
500

Depreciation and amortization
618

 
56

 
544

 
1,218

Gain on sale of fixed assets
(9
)
 

 

 
(9
)
Operating income (loss)
$
11,162

 
$
2,680

 
$
(5,131
)
 
$
8,711

Nine Months Ended November 30, 2014
Radio
 
Publishing
 
Corporate & Emerging Technologies
 
Consolidated
Net revenues
137,493

 
46,697

 
318

 
$
184,508

Station operating expenses excluding LMA fees and depreciation and amortization expense
87,213

 
44,458

 
2,488

 
134,159

Corporate expenses excluding depreciation and amortization expense

 

 
11,472

 
11,472

LMA fees
4,208

 

 

 
4,208

Hungary license litigation and related expenses
472

 

 

 
472

Depreciation and amortization
2,315

 
180

 
1,931

 
4,426

Gain on contract settlement
(2,500
)
 

 

 
(2,500
)
Operating income (loss)
$
45,785

 
$
2,059

 
$
(15,573
)
 
$
32,271

Nine Months Ended November 30, 2013
Radio
 
Publishing
 
Corporate & Emerging Technologies
 
Consolidated
Net revenues
112,967

 
45,135

 
72

 
$
158,174

Station operating expenses excluding depreciation and amortization expense
72,733

 
43,770

 
1,695

 
118,198

Corporate expenses excluding depreciation and amortization expense

 

 
13,123

 
13,123

Hungary license litigation and related expenses
1,795

 

 

 
1,795

Depreciation and amortization
1,816

 
179

 
1,612

 
3,607

Gain on sale of fixed assets
(10
)
 

 

 
(10
)
Operating income (loss)
$
36,633

 
$
1,186

 
$
(16,358
)
 
$
21,461


 
As of February 28, 2014
 
Radio
 
Publishing
 
Corporate & Emerging Technologies
 
Consolidated
Total assets
$
210,161

 
$
21,809

 
$
33,378

 
$
265,348

 
 
 
 
 
 
 
 
 
As of November 30, 2014
 
Radio
 
Publishing
 
Corporate & Emerging Technologies
 
Consolidated
Total assets
$
354,498

 
$
23,234

 
$
118,480

 
$
496,212


The increase in Radio segment assets primarily relates to the acquisition of WBLS-FM and WLIB-AM. The increase in Corporate and Emerging Technologies segment assets primarily relates to the restricted cash held for the second closing of our acquisition of WBLS-FM and WLIB-AM. See Note 2 for more discussion of our acquisitions.