SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Feb. 29, 2016

Accounting Policies [Abstract]

Allowance for Doubtful Accounts

The activity in the allowance for doubtful accounts for the three years ended February 29, 2016 was as follows:

	Balance At Beginning Of Year		Provision		Write-Offs			Balance At End Of Year
Year ended February 28, 2014	$	523	$	510	$	(459	)	$	574
Year ended February 28, 2015	574		627		(536		)	665
Year ended February 29, 2016	665		626		(357		)	934

Local Programming and Marketing Agreement Fees Recorded as Net Revenues (Except for Discontinued Operations) in Accompanying Condensed Statements of Operations

LMA fees recorded as net revenues in the accompanying consolidated statements of operations were as follows for the years ended February 2014, 2015 and 2016:

	For the years ended February 28 (29),
	2014		2015		2016
98.7FM, New York	$	10,331	$	10,331	$	10,331

Carrying Value of Investments

Emmis has two investments, the carrying values of which are summarized in the following table and discussed below:

	For the years ending February 28 (29),
	2015		2016
Available-for-sale investment	$	500	$	800
Equity method investment	526		337
Total investments	$	1,026	$	1,137

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

The following table sets forth the calculation of basic and diluted net income (loss) per share from continuing operations:

	For the year ended
	February 28, 2014						February 28, 2015							February 29, 2016
	Net Loss			Shares	Net Loss Per Share		Net Income			Shares	Net Income Per Share			Net Loss		Shares	Net Loss Per Share
	(amounts in 000’s, except per share data)
Basic net income (loss) per common share:
Net income (loss) available to common shareholders from continuing operations	$	43,806		40,506	$	1.08	$	(99,259	)	42,537	$	(2.33	)	$	1,952	44,136	$	0.04
Impact of equity awards	—			3,264			—			—				—		1,128
Impact of conversion of preferred stock into common stock	(325		)	2,272			—			—				—		—
Diluted net income (loss) per common share:
Net income (loss) available to common shareholders from continuing operations	$	43,481		46,042	$	0.94	$	(99,259	)	42,537	$	(2.33	)	$	1,952	45,264	$	0.04

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 year ended February 28 (29),
	2014	2015	2016
	(shares in 000’s )
Preferred stock	—	2,266	2,426
Stock options and restricted stock awards	1,995	4,324	5,115
Antidilutive common share equivalents	1,995	6,590	7,541

Noncontrolling Interests

Below is a summary of the noncontrolling interest activity for the years ended February 2015 and 2016:

	Austin radio partnership			Digonex			Other			Total noncontrolling interests
Balance, February 28, 2014	$	47,604		$	—		$	14		$	47,618
Net income (loss)	5,697			(2,419		)	(4		)	3,274
Payments of dividends and distributions to noncontrolling interests	(5,418		)	—			(10		)	(5,428		)
Acquisition of noncontrolling interest	—			1,197			—			1,197
Balance, February 28, 2015	47,883			(1,222		)	$	—		46,661
Net income (loss)	5,519			(7,937		)	—			(2,418		)
Payments of dividends and distributions to noncontrolling interests	(5,846		)	—			—			(5,846		)
Balance, February 29, 2016	$	47,556		$	(9,159	)	$	—		$	38,397

Effect of Early Adoption of Accounting Pronouncement

The following depicts the impact of the adoption of this Accounting Standards Update on our consolidated balance sheets as of February 28, 2015. The adoption of this Accounting Standards Update did not have any effect on our results of operations or cash flows.

	February 28, 2015 (As originally reported)	Impact of Adoption of ASU 2015-03		February 28, 2015 (As adjusted)
ASSETS:
Deferred debt issuance costs, net of accumulated amortization of $868	3,438	(3,438	)	—
Total other assets, net	10,420	(3,438	)	6,982
Total assets	334,732	(3,438	)	331,294
LIABILITIES AND DEFICIT:
Long-term debt, net of current portion	254,150	(3,438	)	250,712
Total liabilities	346,881	(3,438	)	343,443
Total liabilities and deficit	334,732	(3,438	)	331,294