LONG-TERM DEBT (Tables)

12 Months Ended

Feb. 29, 2016

Debt Disclosure [Abstract]

Long-Term Debt

Long-term debt was comprised of the following at February 28 (29), 2015 and 2016:

	As of February 28, 2015			As of February 29, 2016
Revolver	8,000			3,000
Term Loan	185,000			181,762
Total 2014 Credit Agreement debt	193,000			184,762
Digonex nonrecourse debt (1)	3,971			4,714
98.7FM nonrecourse debt	70,401			65,411
Current maturities	(6,840		)	(17,573		)
Unamortized original issue discount	(9,820		)	(9,287		)
Total long-term debt	$	250,712		$	228,027

⁽¹⁾ The face value of Digonex nonrecourse debt is $6.2 million

Leverage Ratio Requirements

We were in compliance with all financial and non-financial covenants as of February 29, 2016. Our Total Leverage Ratio and Minimum Interest Coverage Ratio (each as defined in the 2014 Credit Agreement) requirements and actual amounts as of February 29, 2016 were as follows:

	As of February 29, 2016
	Covenant Requirement	Actual Results
Maximum Total Leverage Ratio	6.75 : 1.00	5.40 : 1.00
Minimum Interest Coverage Ratio	2.00 : 1.00	2.49 : 1.00

Summary of Long-Term Debt Principal Repayments

Based on amounts outstanding at February 29, 2016, mandatory principal payments of long-term debt for the next five years and thereafter are summarized below:

Year Ended	2014 Credit Agreement
February 28 (29),	Revolver		Term Loan		98.7FM Debt		Digonex Debt		Total
2017	$	—	$	12,120	$	5,453	$	—	$	17,573
2018	—		9,250		6,039		6,199		21,488
2019	—		9,250		6,587		—		15,837
2020	3,000		9,250		7,150		—		19,400
2021	—		9,250		7,755		—		17,005
Thereafter	—		132,642		32,427		—		165,069
Total	$	3,000	$	181,762	$	65,411	$	6,199	$	256,372