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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Nov. 30, 2018
Nov. 30, 2017
Nov. 30, 2018
Nov. 30, 2017
NET REVENUES $ 30,323 $ 35,345 $ 90,385 $ 118,357
OPERATING EXPENSES:        
Station operating expenses excluding depreciation and amortization expense 23,971 27,986 71,505 93,120
Corporate expenses excluding depreciation and amortization expense 2,297 2,500 7,607 7,781
Depreciation and amortization 806 880 2,384 2,739
Loss (gain) on sale of assets, net of disposition costs 235 46 (31,817) (76,660)
Loss on disposal of property and equipment 57 1 57 13
Total operating expenses 27,366 31,413 49,736 26,993
Operating income (loss) 2,957 3,932 40,649 91,364
OTHER EXPENSE:        
Interest expense (1,546) (3,000) (5,902) (12,214)
Loss on debt extinguishment 0 (139) (771) (2,662)
Other income, net 40 10 92 24
Total other expense (1,506) (3,129) (6,581) (14,852)
INCOME BEFORE INCOME TAXES 1,451 803 34,068 76,512
PROVISION (BENEFIT) FOR INCOME TAXES (98) 371 7,848 4,743
CONSOLIDATED NET INCOME 1,549 432 26,220 71,769
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 837 711 2,396 2,358
NET (LOSS) INCOME ATTRIBUTABLE TO THE COMPANY $ 712 $ (279) $ 23,824 $ 69,411
NET (LOSS) INCOME PER SHARE - BASIC $ 0.06 $ (0.02) $ 1.90 $ 5.63
NET (LOSS) INCOME PER SHARE - DILUTED $ 0.05 $ (0.02) $ 1.77 $ 5.53
Basic weighted average common shares outstanding 12,609 12,347 12,565 12,321
Diluted weighted average common shares outstanding 13,425 12,347 13,486 12,554