Segment Information

9 Months Ended

Nov. 30, 2016

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company’s operations are aligned into three business segments: (i) Radio, (ii) Publishing and (iii) Corporate & Emerging Technologies. Emerging Technologies includes our TagStation, NextRadio and Digonex businesses. These business segments are consistent with the Company’s management of these businesses and its financial reporting structure. Corporate expenses are not allocated to reportable segments. The Company’s segments operate exclusively in the United States.

The accounting policies as described in the summary of significant accounting policies included in the Company’s Annual Report filed on Form 10-K, for the year ended February 29, 2016, and in Note 1 to these condensed consolidated financial statements, are applied consistently across segments.

Three Months Ended November 30, 2016	Radio		Publishing			Corporate & Emerging Technologies			Consolidated
Net revenues	$	42,462	$	13,633		$	204		$	56,299
Station operating expenses excluding and depreciation and amortization expense	28,979		13,828			2,619			45,426
Corporate expenses excluding depreciation and amortization expense	—		—			3,397			3,397
Depreciation and amortization	854		59			219			1,132
Gain on sale of publishing assets, net of disposition costs	—		(17,491		)	—			(17,491		)
Operating income (loss)	$	12,629	$	17,237		$	(6,031	)	$	23,835

Three Months Ended November 30, 2015	Radio		Publishing		Corporate & Emerging Technologies			Consolidated
Net revenues	$	42,634	$	16,658	$	322		$	59,614
Station operating expenses excluding LMA fees and depreciation and amortization expense	27,352		14,310		1,992			43,654
Corporate expenses excluding depreciation and amortization expense	—		—		2,810			2,810
Depreciation and amortization	934		68		530			1,532
Operating income (loss)	$	14,348	$	2,280	$	(5,010	)	$	11,618

Nine Months Ended November 30, 2016	Radio		Publishing			Corporate & Emerging Technologies			Consolidated
Net revenues	$	131,133	$	39,344		$	598		$	171,075
Station operating expenses excluding depreciation and amortization expense	87,915		40,265			7,226			135,406
Corporate expenses excluding depreciation and amortization expense	—		—			8,894			8,894
Impairment loss	—		—			2,988			2,988
Depreciation and amortization	2,642		201			903			3,746
Gain on sale of publishing assets, net of disposition costs	—		(17,491		)	—			(17,491		)
Loss on disposal of property and equipment	125		—			—			125
Operating income (loss)	$	40,451	$	16,369		$	(19,413	)	$	37,407

Nine Months Ended November 30, 2015	Radio		Publishing		Corporate & Emerging Technologies			Consolidated
Net revenues	$	132,789	$	46,775	$	985		$	180,549
Station operating expenses excluding depreciation and amortization expense	87,925		43,557		5,449			136,931
Corporate expenses excluding depreciation and amortization expense	—		—		10,116			10,116
Depreciation and amortization	2,528		192		1,665			4,385
Operating income (loss)	$	42,336	$	3,026	$	(16,245	)	$	29,117

Total Assets	Radio		Publishing		Corporate & Emerging Technologies		Consolidated
As of February 29, 2016	$	271,336	$	22,060	$	23,210	$	316,606
As of November 30, 2016	$	273,654	$	10,578	$	17,835	$	302,067