Long-term Debt (Tables)

6 Months Ended

Aug. 31, 2019

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term debt was comprised of the following at February 28, 2019 and August 31, 2019:

	February 28, 2019			August 31, 2019
2014 Credit Agreement Term Loan	$	25,000		$	—
Mortgage		—			22,786
Term Loan		—			3,444
98.7FM non-recourse debt		47,332			43,826
Other non-recourse debt (1)		10,074			10,115
Less: Current maturities		(32,150	)		(9,078	)
Less: Unamortized original issue discount		(1,499	)		(1,897	)
Total long-term debt, net of current portion and debt discount	$	48,757		$	69,196

(1) The face value of other non-recourse debt was $10.2 million at February 28, 2019 and August 31, 2019

Schedule of Maturities of Long-term Debt

Based on amounts outstanding at August 31, 2019, mandatory principal payments of long-term debt for the next five years and thereafter are summarized below:

					98.7FM Non-recourse		Other Non-recourse
Year ended February 28 (29),	Mortgage		Term Loan		Debt		Debt			Total Payments
Remainder of 2020	$	181	$	555	$	3,644	$	—		$	4,380
2021		454		1,333		7,755		6,239			15,781
2022		484		1,333		8,394		4,000	(1)		14,211
2023		512		223		9,069		—			9,804
2024		541		—		9,783		—			10,324
Thereafter		20,614		—		5,181		—			25,795
Total	$	22,786	$	3,444	$	43,826	$	10,239		$	80,295

(1) This date represents the contractual maturity date of the notes issued by NextRadio, LLC, but as discussed above, the failure to make payments under these notes results only in the lender’s ability to convert the notes to senior preferred equity of TagStation, LLC.