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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Aug. 31, 2015
Aug. 31, 2014
Aug. 31, 2015
Aug. 31, 2014
NET REVENUES $ 62,482 $ 61,824 $ 120,935 $ 121,548
OPERATING EXPENSES:        
Station operating expenses excluding LMA fees of $383, $0, $4,208 and $0, and depreciation and amortization expense of $945, $1,132, $1,672 and $2,264, respectively 47,734 46,293 93,277 89,219
Corporate expenses excluding depreciation and amortization expense of $646, $271, $1,272 and $589, respectively 3,487 3,341 7,306 8,231
LMA fee expense 0 383 0 4,208
Hungary license litigation and related expenses 0 192 0 284
Depreciation and amortization 1,403 1,591 2,853 2,944
Gain (Loss) on Contract Termination 0 2,500 0 2,500
Gain on sale of assets   0 0 (3)
Total operating expenses 52,624 49,300 103,436 102,383
OPERATING INCOME 9,858 12,524 17,499 19,165
OTHER EXPENSE:        
Interest expense (4,945) (4,878) (9,491) (6,478)
Gains (Losses) on Extinguishment of Debt 0 (1,455) 0 (1,455)
Other income, net 828 168 838 179
Total other expense (4,117) (6,165) (8,653) (7,754)
(LOSS) INCOME BEFORE INCOME TAXES AND DISCONTINUED OPERATIONS 5,741 6,359 8,846 11,411
(BENEFIT) PROVISION FOR INCOME TAXES 826 2,167 1,773 4,552
CONSOLIDATED NET INCOME 4,915 4,192 7,073 6,859
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 521 1,432 1,154 3,143
NET INCOME ATTRIBUTABLE TO THE COMPANY 4,394 2,760 5,919 3,716
Amounts attributable to common shareholders for diluted earnings per share:        
Continuing operations $ 4,394 $ 2,760 $ 5,919 $ 3,716
Basic net (loss) income per share attributable to common shareholders:        
Continuing operations $ 0.10 $ 0.06 $ 0.14 $ 0.09
Net income per share attributable to common shareholders $ 0.10 $ 0.06 $ 0.14 $ 0.09
Basic weighted average common shares outstanding 43,798 42,525 43,537 42,337
Diluted net (loss) income per share attributable to common shareholders:        
Continuing operations $ 0.09 $ 0.06 $ 0.12 $ 0.08
Net income per share attributable to common shareholders $ 0.09 $ 0.06 $ 0.12 $ 0.08
Diluted weighted average common shares outstanding 47,251 47,544 47,386 47,479