LONG-TERM DEBT (Tables)

12 Months Ended

Feb. 28, 2015

Debt Disclosure [Abstract]

Long-Term Debt

Long-term debt was comprised of the following at February 28, 2014 and 2015:

	As of February 28, 2014			As of February 28, 2015
2012 Credit Agreement debt :
Revolver	$	—		$	—
Term Loan	54,000			—
Total 2012 Credit Agreement debt	54,000			—
2014 Credit Agreement debt :
Revolver	—			8,000
Term Loan	—			185,000
Total 2014 Credit Agreement debt	—			193,000
Digonex nonrecourse debt (1)	—			3,971
98.7FM nonrecourse debt	74,942			70,401
Current maturities	(12,541		)	(6,840		)
Unamortized original issue discount	(1,475		)	(6,382		)
Total long-term debt	$	114,926		$	254,150

⁽¹⁾ The face value of Digonex nonrecourse debt is $6.2 million

Leverage Ratio Requirements

We were in compliance with all financial and non-financial covenants as of February 28, 2015. Our Total Leverage Ratio and Minimum Interest Coverage Ratio (each as defined in the 2014 Credit Agreement) requirements and actual amounts as of February 28, 2015 were as follows:

	As of February 28, 2015
	Covenant Requirement	Actual Results
Maximum Total Leverage Ratio	6.00 : 1.00	5.40 : 1.00
Minimum Fixed Charge Coverage Ratio	2.00 : 1.00	3.08 : 1.00

Summary of Long-Term Debt Principal Repayments

Based on amounts outstanding at February 28, 2015, mandatory principal payments of long-term debt for the next five years and thereafter are summarized below:

Year Ended	2014 Credit Agreement
February 28 (29),	Revolver		Term Loan		98.7FM Debt		Digonex Debt		Total
2016	$	—	$	1,850	$	4,990	$	—	$	6,840
2017	—		1,850		5,453		—		7,303
2018	—		1,850		6,039		6,199		14,088
2019	—		1,850		6,587		—		8,437
2020	8,000		1,850		7,150		—		17,000
Thereafter	—		175,750		40,182		—		215,932
Total	$	8,000	$	185,000	$	70,401	$	6,199	$	269,600