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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Nov. 30, 2016
Nov. 30, 2015
Nov. 30, 2016
Nov. 30, 2015
NET REVENUES $ 56,299 $ 59,614 $ 171,075 $ 180,549
OPERATING EXPENSES:        
Station operating expenses excluding depreciation and amortization expense 45,426 43,654 135,406 136,931
Corporate expenses excluding depreciation and amortization expense 3,397 2,810 8,894 10,116
Impairment loss on intangible assets 0 0 2,988 0
Depreciation and amortization 1,132 1,532 3,746 4,385
Gain on sale of publishing assets, net of disposition costs (17,491) 0 (17,491) 0
Loss on disposal of property and equipment   0 (125) 0
Total operating expenses 32,464 47,996 133,668 151,432
Operating income (loss) 23,835 11,618 37,407 29,117
OTHER EXPENSE:        
Interest expense (4,481) (4,768) (13,929) (14,259)
Loss on debt extinguishment (478) 0 (478) 0
Other income, net 10 7 142 845
Total other expense (4,949) (4,761) (14,265) (13,414)
INCOME BEFORE INCOME TAXES 18,886 6,857 23,142 15,703
PROVISION FOR INCOME TAXES 629 889 1,968 2,662
CONSOLIDATED NET INCOME 18,257 5,968 21,174 13,041
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 581 420 477 1,574
NET INCOME ATTRIBUTABLE TO THE COMPANY $ 17,676 $ 5,548 $ 20,697 $ 11,467
NET INCOME PER SHARE - BASIC $ 1.46 $ 0.50 $ 1.73 $ 1.05
NET INCOME PER SHARE - DILUTED $ 1.43 $ 0.47 $ 1.70 $ 0.97
Basic weighted average common shares outstanding 12,114 11,100 11,989 10,961
Diluted weighted average common shares outstanding 12,387 11,876 12,163 11,863