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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Feb. 29, 2016
Feb. 28, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 4,456 $ 3,669
Restricted cash 1,464 2,740
Accounts receivable, net of allowance for doubtful accounts of $665 and $934, respectively 34,906 37,328
Prepaid expenses 7,413 8,640
Other 3,452 3,514
Total current assets 51,691 55,891
PROPERTY AND EQUIPMENT:    
Land and buildings 27,689 27,592
Leasehold improvements 13,934 13,911
Broadcasting equipment 43,926 42,995
Office equipment and automobiles 31,248 33,153
Construction in progress 544 41
Total property and equipment 117,341 117,692
Less-accumulated depreciation and amortization 83,498 82,898
Total property and equipment, net 33,843 34,794
INTANGIBLE ASSETS:    
Indefinite lived intangibles 205,129 210,057
Goodwill 14,697 15,392
Other intangibles 6,224 9,589
Total intangible assets 226,050 235,038
Less-accumulated amortization 2,925 1,411
Total intangible assets, net 223,125 233,627
OTHER ASSETS:    
Investments 1,137 1,026
Deposits and other 6,810 5,956
Total other assets, net 7,947 6,982
Total assets 316,606 331,294
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 8,127 9,497
Current maturities of long-term debt 17,573 6,840
Accrued salaries and commissions 8,375 8,241
Deferred revenue 11,435 11,568
Other 5,775 6,620
Total current liabilities 51,285 42,766
LONG-TERM DEBT, NET OF CURRENT PORTION 228,027 250,712
OTHER NONCURRENT LIABILITIES 7,728 8,351
DEFERRED INCOME TAXES 43,715 41,614
Total liabilities $ 330,755 $ 343,443
COMMITMENTS AND CONTINGENCIES (NOTE 12)
SHAREHOLDERS’ DEFICIT:    
Additional paid-in capital $ 589,483 $ 585,358
Accumulated deficit (642,500) (644,614)
Total shareholders’ deficit (52,546) (58,810)
NONCONTROLLING INTERESTS 38,397 46,661
Total deficit (14,149) (12,149)
Total liabilities and deficit 316,606 331,294
Class A Common Stock    
SHAREHOLDERS’ DEFICIT:    
Common stock 416 391
Class B Common Stock    
SHAREHOLDERS’ DEFICIT:    
Common stock 46 46
Class C Common Stock    
SHAREHOLDERS’ DEFICIT:    
Common stock 0 0
Series A preferred stock    
SHAREHOLDERS’ DEFICIT:    
Series A convertible preferred stock, $.01 par value; $50.00 liquidation preference per share, aggregate liquidation preference and redemption amount of $46,450 at February 28, 2015 and $43,316 at February 29, 2016; authorized 2,875,000 shares; issued and outstanding 928,991 shares at February 28, 2015, and 866,319 at February 29, 2016 $ 9 $ 9