Summary of Significant Accounting Policies (Tables)

6 Months Ended

Aug. 31, 2015

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

The following table sets forth the calculation of basic and diluted net income per share:




	For the three months ended
	August 31, 2014					August 31, 2015
	Net Income		Shares	Net Income Per Share		Net Income		Shares	Net Income Per Share
	(amounts in 000’s, except per share data)
Basic net income per common share:
Net income available to common shareholders from continuing operations	$	2,760	42,525	$	0.06	$	4,394	43,798	$	0.10
Impact of equity awards	—		2,753			—		1,238
Impact of conversion of preferred stock into common stock	—		2,266			—		2,215
Diluted net income per common share:
Net income available to common shareholders from continuing operations	$	2,760	47,544	$	0.06	$	4,394	47,251	$	0.09



	For the six months ended
	August 31, 2014					August 31, 2015
	Net Income		Shares	Net Income Per Share		Net Income		Shares	Net Income Per Share
	(amounts in 000’s, except per share data)
Basic net income per common share:
Net income available to common shareholders	$	3,716	42,337	$	0.09	$	5,919	43,537	$	0.14
Impact of equity awards	—		2,876	—		—		1,608	—
Impact of conversion of preferred stock into common stock	—		2,266	—		—		2,241	—
Diluted net income per common share:
Net income available to common shareholders	$	3,716	47,479	$	0.08	$	5,919	47,386	$	0.12

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 three months ended		For the six months ended
	August 31		August 31
	2014	2015	2014	2015
	(shares in 000’s )
Equity awards	1,730	3,987	1,385	3,923
Antidilutive common share equivalents	1,730	3,987	1,385	3,923

Schedule Of Operating Results From Local Programming and Marketing Agreements

The following table summarizes certain operating results of 98.7FM for all periods presented. Net revenues for 98.7FM are solely related to LMA fees. 98.7FM is a part of our radio segment.



	For the three months ended August 31,				For the six months ended August 31,
	2014		2015		2014		2015
	(amounts in 000's)
Net revenues	$	2,583	$	2,583	$	5,166	$	5,166
Station operating expenses, excluding depreciation and amortization expense	260		259		484		516
Interest expense	815		768		1,643		1,548

Schedule Of Assets And Liabilities Of Local Programming and Marketing Agreements

Assets and liabilities of 98.7FM as of February 28, 2015 and August 31, 2015 were as follows:



	As of February 28,		As of August 31,
	2015		2015
	(amounts in 000's)
Current assets:
Restricted cash	$	1,467	$	1,413
Prepaid expenses	603		574
Total current assets	2,070		1,987
Noncurrent assets:
Property and equipment, net	—		264
Indefinite lived intangibles	51,063		51,063
Deferred debt issuance costs, net	2,495		2,361
Deposits and other	4,428		4,971
Total noncurrent assets	57,986		58,659
Total assets	$	60,056	$	60,646
Current liabilities:
Accounts payable and accrued expenses	$	22	$	31
Current maturities of long-term debt	4,990		5,220
Deferred revenue	753		779
Other current liabilities	241		235
Total current liabilities	6,006		6,265
Noncurrent liabilities:
Long-term debt, net of current portion	65,411		62,740
Other noncurrent liabilities	27		25
Total noncurrent liabilities	65,438		62,765
Total liabilities	$	71,444	$	69,030