SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Feb. 28, 2015

Accounting Policies [Abstract]

Allowance for Doubtful Accounts

The activity in the allowance for doubtful accounts for the three years ended February 28, 2015 was as follows:

	Balance At Beginning Of Year		Provision		Write-Offs			Balance At End Of Year
Year ended February 28, 2013	$	1,015	$	86	$	(578	)	$	523
Year ended February 28, 2014	523		510		(459		)	574
Year ended February 28, 2015	574		627		(536		)	665

Local Programming and Marketing Agreement Fees Recorded as Net Revenues (Except for Discontinued Operations) in Accompanying Condensed Statements of Operations

LMA fees recorded as net revenues (except for discontinued operations) in the accompanying consolidated statements of operations were as follows for the years ended February 2013, 2014 and 2015:

	For the years ended February 28,
	2013		2014		2015
Continuing Operations:
98.7FM, New York	$	8,609	$	10,331	$	10,331
Discontinued Operations:
KXOS-FM, Los Angeles	$	3,311	$	—	$	—

Summary of Income from Discontinued Operations

A summary of the income from discontinued operations is presented below:

	Year ended February 28,
	2013			2014		2015
Income (loss) from operations:
KXOS-FM (Radio)	(223		)	—		—
Emmis Interactive Inc. (Radio)	(2,815		)	—		—
Slovakia Radio Network (Radio)	782			—		—
Bulgaria Radio Network (Radio)	(810		)	—		—
Sampler Publications (Publishing)	(171		)	—		—
Total	(3,237		)	—		—
Provision for income taxes	532			—		—
Loss from operations, net of tax	(3,769		)	—		—
Gain (loss) on sale of discontinued operations:
KXOS-FM (Radio)	32,757			—		—
Emmis Interactive Inc. (Radio)	(654		)	—		—
Slovakia Radio Network (Radio)	14,798			—		—
Bulgaria Radio Network (Radio)	(1,254		)	—		—
Sampler Publications (Publishing)	695			—		—
Total	46,342			—		—
Benefit for income taxes	(7,507		)	—		—
Gain on sale of discontinued operations, net of tax	53,849			—		—
Income from discontinued operations, net of tax	$	50,080		$	—	$	—

Carrying Value of Investment

Emmis has various investments, the carrying values of which are summarized in the following table and discussed below:

	For the years ending February 28,
	2014		2015
Available-for-sale investments	$	6,750	$	500
Equity method investment	431		526
Total investments	$	7,181	$	1,026

Foreign Currency Translation Adjustments

The net translation adjustments reflected in shareholders’ (deficit) equity during the respective periods were as follows:

	Functional	For the Years Ended February 28,
	Currency	2013			2014			2015
Foreign currency translation adjustments
Slovakia	Euro	$	23		$	(11	)	$	—
Bulgaria	Leva	(175		)	—			—
Reclassification due to substantial liquidation
Slovakia	Euro	$	3,324		$	—		$	—
Bulgaria	Leva	(1,971		)	—			—
		$	1,201		$	(11	)	$	—

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

The following table sets forth the calculation of basic and diluted net income (loss) per share from continuing operations:

	For the year ended
	February 28, 2013							February 28, 2014						February 28, 2015
	Net Loss			Shares	Net Loss Per Share			Net Income			Shares	Net Income Per Share		Net Loss			Shares	Net Loss Per Share
	(amounts in 000’s, except per share data)
Basic net income (loss) per common share:
Net income (loss) available to common shareholders from continuing operations	$	(8,114	)	39,034	$	(0.21	)	$	43,806		40,506	$	1.08	$	(99,259	)	42,537	$	(2.33	)
Impact of equity awards	—			—				—			3,264			—			—
Impact of conversion of preferred stock into common stock	—			—				(325		)	2,272			—			—
Diluted net income (loss) per common share:
Net income (loss) available to common shareholders from continuing operations	$	(8,114	)	39,034	$	(0.21	)	$	43,481		46,042	$	0.94	$	(99,259	)	42,537	$	(2.33	)

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 year ended February 28,
	2013	2014	2015
	(shares in 000’s )
Preferred stock	2,288	—	2,266
Stock options and restricted stock awards	6,953	1,995	4,324
Antidilutive common share equivalents	9,241	1,995	6,590

Slovakia Radio Network (Radio)

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Operating Results of Discontinued Operations

The following table summarizes certain operating results of our Slovakian radio network for all periods presented:

	For the year ended February 28,
	2013			2014		2015
Net revenues	$	11,375		$	—	$	—
Station operating expenses, excluding depreciation and amortization expense	8,663			—		—
Depreciation and amortization	781			—		—
Gain on sale of assets	244			—		—
Interest expense	1,461			—		—
Other income, net	(68		)	—		—
Gain on sale of business	14,798			—		—
Provision for income taxes	532			—		—

Bulgaria Radio Network (Radio)

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Operating Results of Discontinued Operations

The following table summarizes certain operating results of our Bulgarian radio network for all periods presented:

	For the year ended February 28,
	2013			2014		2015
Net revenues	$	1,152		$	—	$	—
Station operating expenses, excluding depreciation and amortization expense	1,769			—		—
Depreciation and amortization	174			—		—
Other expense, net	19			—		—
Loss on sale of business	(1,254		)	—		—

Emmis Interactive Inc. (Radio)

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Operating Results of Discontinued Operations

The following table summarizes certain operating results of Emmis Interactive Inc. for all periods presented:

	For the year ended February 28,
	2013			2014		2015
Net revenues	$	2,743		$	—	$	—
Station operating expenses, excluding depreciation and amortization expense	4,698			—		—
Depreciation and amortization	257			—		—
Other income, net	(134		)	—		—
Impairment loss	737			—		—
Loss on sale of business	(654		)	—		—

Sampler Publications

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Operating Results of Discontinued Operations

The following table summarizes certain operating results of the Sampler Publications for all periods presented:

	For the year ended February 28,
	2013			2014		2015
Net revenues	$	5,298		$	—	$	—
Station operating expenses, excluding depreciation and amortization expense	4,985			—		—
Depreciation and amortization	44			—		—
Loss on disposal of assets	—			—		—
Interest expense	440			—		—
Gain on sale of business	695			—		—
Benefit for income taxes	(2,764		)	—		—

KXOS-FM (Radio)

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Operating Results of Discontinued Operations

The following table summarizes certain operating results of KXOS-FM for all periods presented:

	For the years ended February 28,
	2013			2014		2015
Net revenues	$	3,331		$	—	$	—
Station operating expenses, excluding depreciation and amortization expense	27			—		—
Depreciation and amortization expense	169			—		—
Gain on sale of assets	—			—		—
Interest expense	3,358			—		—
Gain on sale of station, net of taxes	32,757			—		—
Benefit for income taxes	(4,743		)	—		—