Long-term Debt (Tables)

9 Months Ended

Nov. 30, 2017

Debt Instrument

Schedule of Long-term Debt Instruments

Long-term debt was comprised of the following at February 28, 2017 and November 30, 2017:

	February 28, 2017			November 30, 2017
2014 Credit Agreement debt :
Revolver	$	—		$	9,000
Term Loan	152,245			69,451
Total 2014 Credit Agreement debt	152,245			78,451
98.7FM non-recourse debt	59,958			55,471
Other non-recourse debt (1)	8,807			9,971
Less: Current maturities	(23,600		)	(16,101		)
Less: Unamortized original issue discount	(7,038		)	(4,000		)
Total long-term debt	$	190,372		$	123,792

Schedule Of Financial Covenants

Our Minimum Consolidated EBITDA and Interest Coverage Ratio (each as defined in the 2014 Credit Agreement and related amendments) requirements and actual amounts as of November 30, 2017 were as follows:

	As of November 30, 2017
	Covenant Requirement			Actual Results
Minimum Consolidated EBITDA	$	13.6	million	$	16.4	million
Minimum Interest Coverage Ratio	1.60 : 1.00			2.51 : 1.00

Schedule of Maturities of Long-term Debt

Based on amounts outstanding at November 30, 2017, mandatory principal payments of long-term debt for the next five years and thereafter are summarized below:

	2014 Credit Agreement				98.7FM Non-recourse		Other Non-recourse
Year ended February 28 (29),	Revolver		Term Loan		Debt		Debt		Total Payments
Remainder of 2018	$	—	$	—	$	1,552	$	—	$	1,552
2019	9,000		—		6,587		—		15,587
2020	—		69,451		7,150		—		76,601
2021	—		—		7,755		6,239		13,994
2022	—		—		8,394		4,000		12,394
Thereafter	—		—		24,033		—		24,033
Total	$	9,000	$	69,451	$	55,471	$	10,239	$	144,161