Summary of Significant Accounting Policies (Tables)

9 Months Ended

Nov. 30, 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
	November 30, 2014					November 30, 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	$	2,823	42,702	$	0.07	$	5,548	44,400	$	0.12
Impact of equity awards	—		2,408			—		990
Impact of conversion of preferred stock into common stock	—		2,266			—		2,114
Diluted net income per common share:
Net income available to common shareholders	$	2,823	47,376	$	0.06	$	5,548	47,504	$	0.12



	For the nine months ended
	November 30, 2014					November 30, 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	$	6,539	42,451	$	0.15	$	11,467	43,844	$	0.26
Impact of equity awards	—		2,738	—		—		1,408	—
Impact of conversion of preferred stock into common stock	—		2,266	—		—		2,199	—
Diluted net income per common share:
Net income available to common shareholders	$	6,539	47,455	$	0.14	$	11,467	47,451	$	0.24

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 nine months ended
	November 30		November 30
	2014	2015	2014	2015
	(shares in 000’s )
Equity awards	2,162	5,383	1,627	3,948
Antidilutive common share equivalents	2,162	5,383	1,627	3,948

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 November 30,				For the nine months ended November 30,
	2014		2015		2014		2015
	(amounts in 000's)
Net revenues	$	2,582	$	2,582	$	7,748	$	7,748
Station operating expenses, excluding LMA Fees and depreciation and amortization expense	270		232		754		748
Interest expense	804		754		2,447		2,302

Schedule Of Assets And Liabilities Of Local Programming and Marketing Agreements

Assets and liabilities of 98.7FM as of February 28, 2015 and November 30, 2015 were as follows:



	As of February 28,		As of November 30,
	2015		2015
	(amounts in 000's)
Current assets:
Restricted cash	$	1,467	$	1,552
Prepaid expenses	603		553
Total current assets	2,070		2,105
Noncurrent assets:
Property and equipment, net	—		259
Indefinite lived intangibles	51,063		51,063
Deferred debt issuance costs, net	2,495		2,295
Deposits and other	4,428		5,215
Total noncurrent assets	57,986		58,832
Total assets	$	60,056	$	60,937
Current liabilities:
Accounts payable and accrued expenses	$	22	$	14
Current maturities of long-term debt	4,990		5,336
Deferred revenue	753		779
Other current liabilities	241		228
Total current liabilities	6,006		6,357
Noncurrent liabilities:
Long-term debt, net of current portion	65,411		61,356
Other noncurrent liabilities	27		—
Total noncurrent liabilities	65,438		61,356
Total liabilities	$	71,444	$	67,713