Long-term Debt (Tables)

9 Months Ended

Nov. 30, 2018

Debt Instrument

Schedule of Long-term Debt Instruments

Long-term debt was comprised of the following at February 28, 2018 and November 30, 2018:

	February 28, 2018			November 30, 2018
2014 Credit Agreement debt :
Revolver	$	9,000		$	—
Term Loan	69,451			28,000
Total 2014 Credit Agreement debt	78,451			28,000
98.7FM non-recourse debt	53,919			49,020
Other non-recourse debt (1)	9,992			10,054
Less: Current maturities	(16,037		)	(35,006		)
Less: Unamortized original issue discount	(3,476		)	(1,706		)
Total long-term debt	$	122,849		$	50,362

⁽¹⁾ The face value of other non-recourse debt was $10.2 million at February 28, 2018 and November 30, 2018

Schedule Of Financial Covenants

Our Total Leverage Ratio (as defined in the 2014 Credit Agreement and related amendments) requirement and actual amount as of November 30, 2018 were as follows:

	As of November 30, 2018
	Covenant Requirement	Actual Results
Total Leverage Ratio	4.00 : 1.00	2.37 : 1.00

Schedule of Maturities of Long-term Debt

Based on amounts outstanding at November 30, 2018, mandatory principal payments of long-term debt for the next five years and thereafter are summarized below:

			98.7FM Non-recourse Debt		Other Non-recourse Debt
Year ended February 28 (29),	Term Loan						Total Payments
Remainder of 2019	$	—	$	1,688	$	—	$	1,688
2020	28,000		7,150		—		35,150
2021	—		7,755		6,239		13,994
2022	—		8,394		4,000		12,394
2023	—		9,069		—		9,069
Thereafter	—		14,964		—		14,964
Total	$	28,000	$	49,020	$	10,239	$	87,259