Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Feb. 28, 2019

Accounting Policies [Abstract]

Disaggregation of Revenue

The following table presents the Company’s revenues disaggregated by revenue source:

	For the Year Ended February 28,
	2017		% of Total			2018		% of Total			2019		% of Total
Net revenues:
Advertising	$	145,710		67.9	%	$	98,667		66.4	%	$	74,597		65.4	%
Circulation		4,193		2.0	%		412		0.3	%		384		0.3	%
Non Traditional		22,936		10.7	%		17,280		11.6	%		12,897		11.3	%
LMA Fees		10,331		4.8	%		10,752		7.2	%		11,050		9.7	%
Digital		14,737		6.9	%		10,058		6.8	%		5,500		4.8	%
Other		16,661		7.7	%		11,318		7.7	%		9,703		8.5	%
Total net revenues	$	214,568				$	148,487				$	114,131

Allowance For Doubtful Accounts

The activity in the allowance for doubtful accounts for the three years ended February 28, 2019 was as follows:

	Balance At Beginning Of Year		Provision		Write-Offs			Balance At End Of Year
Year ended February 28, 2017	$	934	$	377	$	(408	)	$	903
Year ended February 28, 2018		903		699		(1,063	)		539
Year ended February 28, 2019		539		816		(960	)		395

Local Programming And Marketing Agreement Fees

LMA fees recorded as net revenues in the accompanying consolidated statements of operations were as follows for the three years ended February 28, 2019:

	For the years ended February 28,
	2017		2018		2019
98.7FM, New York	$	10,331	$	10,331	$	10,331
KPWR-FM, Los Angeles		—		421		—
St. Louis Radio Cluster		—		—		719
Total LMA fees	$	10,331	$	10,752	$	11,050

Summary of Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets to the same amounts shown in the consolidated statements of cash flows:

	As of February 28,
	2018		2019
Cash and cash equivalents	$	4,107	$	5,438
Restricted cash:
98.7FM LMA restricted cash (see Note 8)		1,358		1,504
Cash used to secure the Company's purchasing card and travel and expense programs		—		1,000
Cash held in escrow from magazine sale restricted cash (see Note 7)		650		—
Total cash, cash equivalents and restricted cash	$	6,115	$	7,942

Calculation of Basic and Diluted Net Income Per Share from Continuing Operations

The following table sets forth the calculation of basic and diluted net income per share from continuing operations:

	For the year ended
	February 28, 2017						February 28, 2018						February 28, 2019
	Net Income		Shares		Net Income Per Share		Net Income		Shares		Net Income Per Share		Net Income		Shares		Net Income Per Share
	(amounts in 000’s, except per share data)
Basic net income per common share:
Net income available to common    shareholders from continuing    operations	$	13,119		12,040	$	1.09	$	82,129		12,347	$	6.65	$	23,352		12,606	$	1.85
Impact of equity awards		—		189				—		279				—		842
Diluted net income per common    share:
Net income available to common    shareholders from continuing    operations	$	13,119		12,229	$	1.07	$	82,129		12,626	$	6.50	$	23,352		13,448	$	1.74

Shares Excluded from Calculation as Effect of Conversion into Shares of Common Stock would be Antidilutive

Shares excluded from the calculation as the effect of their conversion into shares of our common stock would be antidilutive were as follows:

	For the year ended February 28,
	2017		2018		2019
	(shares in 000’s )
Stock options and restricted stock awards		1,341		1,951		1,089

Summary of Noncontrolling Interest Activity

Below is a summary of the noncontrolling interest activity for the years ended February 2018 and 2019:

	Austin Radio Partnership			Digonex			Total Noncontrolling Interests
Balance, February 28, 2017	$	46,830		$	(13,909	)	$	32,921
Net income (loss)		5,465			(2,835	)		2,630
Payments of dividends and distributions to noncontrolling interests		(4,871	)		—			(4,871	)
Balance, February 28, 2018		47,424			(16,744	)		30,680
Net income (loss)		4,976			(2,249	)		2,727
Payments of dividends and distributions to noncontrolling interests		(5,254	)		—			(5,254	)
Balance, February 28, 2019	$	47,146		$	(18,993	)	$	28,153