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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Nov. 30, 2017
Nov. 30, 2016
Nov. 30, 2017
Nov. 30, 2016
NET REVENUES $ 35,345 $ 56,299 $ 118,357 $ 171,075
OPERATING EXPENSES:        
Station operating expenses excluding depreciation and amortization expense 27,986 45,426 93,120 135,406
Corporate expenses excluding depreciation and amortization expense 2,500 3,397 7,781 8,894
Impairment loss on intangible assets 0 0 0 2,988
Depreciation and amortization 880 1,132 2,739 3,746
Gain on sale of assets, net of disposition costs (46) 17,491 76,660 17,491
Loss on disposal of property and equipment (1) 0 (13) (125)
Total operating expenses 31,413 32,464 26,993 133,668
Operating income (loss) 3,932 23,835 91,364 37,407
OTHER EXPENSE:        
Interest expense (3,000) (4,481) (12,214) (13,929)
Loss on debt extinguishment (139) (478) (2,662) (478)
Other income, net 10 10 24 142
Total other expense (3,129) (4,949) (14,852) (14,265)
INCOME BEFORE INCOME TAXES 803 18,886 76,512 23,142
PROVISION FOR INCOME TAXES 371 629 4,743 1,968
CONSOLIDATED NET INCOME 432 18,257 71,769 21,174
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 711 581 2,358 477
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY $ (279) $ 17,676 $ 69,411 $ 20,697
NET INCOME (LOSS) PER SHARE - BASIC $ (0.02) $ 1.46 $ 5.63 $ 1.73
NET INCOME (LOSS) PER SHARE - DILUTED $ (0.02) $ 1.43 $ 5.53 $ 1.70
Basic weighted average common shares outstanding 12,347 12,114 12,321 11,989
Diluted weighted average common shares outstanding 12,347 12,387 12,554 12,163