Other Significant Transactions (Tables)

12 Months Ended

Feb. 28, 2019

Schedule of Income Statement Disclosures for Subsegment

The following table summarizes Emmis’ operating results of 98.7FM for all periods presented. Emmis programmed 98.7FM until the LMA commenced on April 26, 2012. 98.7FM is a part of our Radio segment. Results of operations of 98.7FM for the years ended February 2017, 2018 and 2019 were as follows:

	For the year ended February 28,
	2017		2018		2019
Net revenues	$	10,331	$	10,331	$	10,331
Station operating expenses, excluding depreciation and amortization expense		1,275		1,169		1,198
Impairment loss on intangible assets (Note 9)		2,907		—		—
Depreciation and amortization		21		21		20
Interest expense		2,827		2,591		2,331

Schedule of Balance Sheet Disclosures for Subsegment

Assets and liabilities of 98.7FM as of February 28, 2018 and 2019 were as follows:

	As of February 28,
	2018		2019
Current assets:
Restricted cash	$	1,358	$	1,504
Prepaid expenses		448		394
Other		31		340
Total current assets		1,837		2,238
Noncurrent assets:
Property and equipment		208		188
Indefinite lived intangibles		46,390		46,390
Deposits and other		6,543		6,255
Total noncurrent assets		53,141		52,833
Total assets	$	54,978	$	55,071
Current liabilities:
Accounts payable and accrued expenses	$	18	$	15
Current maturities of long-term debt		6,587		7,150
Deferred revenue		835		864
Other current liabilities		184		162
Total current liabilities		7,624		8,191
Noncurrent liabilities:
Long-term debt, net of current portion		45,632		38,747
Total noncurrent liabilities		45,632		38,747
Total liabilities	$	53,256	$	46,938