INCOME TAXES (Tables)

12 Months Ended

Feb. 29, 2016

Provision (Benefit) for Income Tax by Geographical Location

United States and foreign income (loss) before income taxes for the years ended February 2014, 2015 and 2016 was as follows:



	2014			2015			2016
United States	$	16,659		$	(58,692	)	$	1,765
Foreign	(2,067		)	(345		)	—
Income (loss) before income taxes	$	14,592		$	(59,037	)	$	1,765

Components of Income Tax Provision (Benefit)

The (benefit) provision for income taxes for the years ended February 2014, 2015, and 2016 consisted of the following:



	2014			2015		2016
Current:
State	$	(900	)	$	229	$	(31	)
Foreign	13			—		—
Total current	(887		)	229		(31		)
Deferred:
Federal	(25,219		)	27,431		1,793
State	(7,957		)	9,288		307
Total deferred	(33,176		)	36,719		2,100
(Benefit) provision for income taxes	$	(34,063	)	$	36,948	$	2,069

Reconciliation of Income Tax Provision (Benefit)

The (benefit) provision for income taxes for the years ended February 2014, 2015 and 2016 differs from that computed at the Federal statutory corporate tax rate as follows:



	2014			2015			2016
Computed income tax (benefit) provision at 35%	$	5,110		$	(20,663	)	$	618
State income tax (benefit) provision	(8,857		)	9,517			276
Foreign taxes	737			120			—
Tax benefit resulting from swap expiration and related OCI reversal	—			5			—
Nondeductible stock compensation	55			122			296
Entertainment disallowance	455			421			366
Change in valuation allowance	(31,059		)	50,250			2,376
Tax attributed to noncontrolling interest	(1,793		)	(1,994		)	(1,932		)
Federal tax credit	—			(173		)	(43		)
Other	1,289			(657		)	112
(Benefit) provision for income taxes	$	(34,063	)	$	36,948		$	2,069

Components of Deferred Tax Assets and Deferred Tax Liabilities

The components of deferred tax assets and deferred tax liabilities at February 28, 2015 and February 29, 2016 are as follows:



	2015			2016
Deferred tax assets:
Net operating loss carryforwards	$	32,627		$	34,341
Intangible assets	30,299			28,737
Compensation relating to stock options	1,438			1,768
Deferred revenue	1,260			840
Accrued rent	2,071			2,275
Tax credits	1,987			3,265
Investments in subsidiaries	2,951			214
Capital loss carryforward	—			2,740
Other	1,875			1,628
Valuation allowance	(62,984		)	(66,674		)
Total deferred tax assets	11,524			9,134
Deferred tax liabilities
Indefinite-lived intangible assets	(41,576		)	(43,673		)
Property and equipment	(751		)	(1,055		)
Cancellation of debt income	(10,772		)	(8,079		)
Other	(39		)	(42		)
Total deferred tax liabilities	(53,138		)	(52,849		)
Net deferred tax liabilities	$	(41,614	)	$	(43,715	)

Reconciliation of Total Amounts of Gross Unrecognized Tax Benefits

The following is a tabular reconciliation of the total amounts of gross unrecognized tax benefits for the years ending February 28, 2015 and February 29, 2016:



	For the year ending February 28 (29),
	2015			2016
Gross unrecognized tax benefit – opening balance	$	(158	)	$	(172	)
Gross increases – tax positions in prior periods	(14		)	(21		)
Gross decreases—settlements with taxing authorities	—			81
Gross decreases – lapse of applicable statute of limitations	—			25
Gross unrecognized tax benefit – ending balance	$	(172	)	$	(87	)