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Long-term Debt (Tables)
6 Months Ended
Aug. 31, 2015
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
Long-term debt was comprised of the following at February 28, 2015 and August 31, 2015:

 
February 28,
2015
 
August 31,
2015
2014 Credit Agreement debt :
 
 
 
Revolver
$
8,000

 
$
8,000

Term Loan
185,000

 
183,613

Total 2014 Credit Agreement debt
193,000

 
191,613

 
 
 
 
98.7FM non-recourse debt
70,401

 
67,960

Digonex non-recourse debt (1)
3,971

 
4,343

Less: Current maturities
(6,840
)
 
(11,695
)
Less: Unamortized original issue discount of Credit Agreement debt
(6,382
)
 
(6,909
)
Total long-term debt
$
254,150

 
$
245,312

Schedule Of Maximum Leverage Ratio
Our Total Leverage Ratio and Interest Coverage Ratio (each as defined in the 2014 Credit Agreement) requirements and actual amounts as of August 31, 2015 were as follows:
 
As of August 31, 2015
 
Covenant Requirement
 
Actual Results
Maximum Total Leverage Ratio
6.75 : 1.00
 
5.82 : 1.00
Minimum Interest Coverage Ratio
2.00 : 1.00
 
2.56 : 1.00
Schedule of Maturities of Long-term Debt
Based on amounts outstanding at August 31, 2015, mandatory principal payments of long-term debt for the next five
years and thereafter are summarized below:
Year Ended
2014 Credit Agreement
 
 
 
Digonex
 
Total
February 28 (29),
Revolver
 
Term Loan
 
98.7FM Debt
 
Notes payable
 
Payments
2016
$

 
$
1,850

 
$
2,549

 
$

 
$
4,399

2017

 
9,250

 
5,453

 

 
14,703

2018

 
9,250

 
6,039

 
6,199

 
21,488

2019

 
9,250

 
6,587

 

 
15,837

2020
8,000

 
9,250

 
7,150

 

 
24,400

Thereafter

 
144,763

 
40,182

 

 
184,945

Total
$
8,000

 
$
183,613

 
$
67,960

 
$
6,199

 
$
265,772