INCOME TAXES (Tables)

12 Months Ended

Feb. 28, 2015

Provision (Benefit) for Income Tax by Geographical Location

United States and foreign income (loss) before income taxes for the years ended February 2013, 2014 and 2015 was as follows:



	2013			2014			2015
United States	$	(7,518	)	$	16,659		$	(58,692	)
Foreign	(1,350		)	(2,067		)	(345		)
Income (loss) before income taxes	$	(8,868	)	$	14,592		$	(59,037	)

Components of Income Tax Provision (Benefit)

The (benefit) provision for income taxes for the years ended February 2013, 2014, and 2015 consisted of the following:



	2013			2014			2015
Current:
Federal	$	(529	)	$	—		$	—
State	(152		)	(900		)	229
Foreign	161			13			—
	(520		)	(887		)	229
Deferred:
Federal	(4,589		)	(25,219		)	27,431
State	(1,930		)	(7,957		)	9,288
Foreign	—			—			—
	(6,519		)	(33,176		)	36,719
(Benefit) provision for income taxes	$	(7,039	)	$	(34,063	)	$	36,948
Other Tax Related Information:
Tax benefit of discontinued operations	(6,975		)	—			—

Reconciliation of Income Tax Provision (Benefit)

The (benefit) provision for income taxes for the years ended February 2013, 2014 and 2015 differs from that computed at the Federal statutory corporate tax rate as follows:



	2013			2014			2015
Computed income tax (benefit) provision at 35%	$	(3,109	)	$	5,110		$	(20,663	)
State income tax (benefit) provision	(2,082		)	(8,857		)	9,517
Foreign taxes	639			737			120
Tax benefit resulting from swap expiration and related OCI reversal	—			—			5
Allocation of tax benefit from discontinued operations	(3,007		)	—			—
Nondeductible stock compensation	127			55			122
Entertainment disallowance	430			455			421
Change in valuation allowance	6,966			(31,059		)	50,250
Tax attributed to noncontrolling interest	(1,561		)	(1,793		)	(1,994		)
Section 165(g) worthless stock deduction	(5,746		)	—			—
Alternative minimum tax	(529		)	—			—
Federal tax credit	—			—			(173		)
Other	833			1,289			(657		)
(Benefit) provision for income taxes	$	(7,039	)	$	(34,063	)	$	36,948

Components of Deferred Tax Assets and Deferred Tax Liabilities

The components of deferred tax assets and deferred tax liabilities at February 28, 2014 and February 28, 2015 are as follows:



	2014			2015
Deferred tax assets:
Net operating loss carryforwards	$	27,963		$	32,627
Intangible assets	12,127			30,299
Compensation relating to stock options	2,199			1,438
Interest rate exchange agreement	38			—
Deferred revenue	1,639			1,260
Accrued rent	1,897			2,071
Tax credits	1,927			1,987
Investments in subsidiaries	352			2,951
Other	2,181			1,875
Valuation allowance	(970		)	(62,984		)
Total deferred tax assets	49,353			11,524
Deferred tax liabilities
Indefinite-lived intangible assets	(40,549		)	(41,576		)
Property and equipment	(569		)	(751		)
Cancellation of debt income	(13,136		)	(10,772		)
Other	—			(39		)
Total deferred tax liabilities	(54,254		)	(53,138		)
Net deferred tax liabilities	$	(4,901	)	$	(41,614	)

Reconciliation of Total Amounts of Gross Unrecognized Tax Benefits

The following is a tabular reconciliation of the total amounts of gross unrecognized tax benefits for the years ending February 28, 2014 and February 28, 2015:



	For the year ending February 28,
	2014			2015
Gross unrecognized tax benefit – opening balance	$	(683	)	$	(158	)
Gross increases – tax positions in prior periods	—			(14		)
Gross decreases—settlements with taxing authorities	525			—
Gross unrecognized tax benefit – ending balance	$	(158	)	$	(172	)