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Segment Information (Tables)
6 Months Ended
Aug. 31, 2019
Segment Reporting [Abstract]  
Schedule of Results of Operations of Business Segments

The accounting policies as described in the summary of significant accounting policies included in the Company’s Annual Report filed on Form 10-K for the year ended February 28, 2019, and in Note 1 to these condensed consolidated financial statements, are applied consistently across segments.

Three Months Ended August 31, 2019

 

Radio

 

 

Publishing

 

 

All Other

 

 

Consolidated

 

Net revenues

 

$

7,846

 

 

$

758

 

 

$

279

 

 

$

8,883

 

Station operating expenses excluding depreciation and amortization expense

 

 

6,277

 

 

 

954

 

 

 

568

 

 

 

7,799

 

Corporate expenses excluding depreciation and amortization expense

 

 

 

 

 

 

 

 

2,216

 

 

 

2,216

 

Impairment loss

 

 

4,022

 

 

 

 

 

 

 

 

 

4,022

 

Depreciation and amortization

 

 

96

 

 

 

4

 

 

 

196

 

 

 

296

 

Loss on sale of assets, net of disposition costs

 

 

 

 

 

 

 

 

31

 

 

 

31

 

Operating loss

 

$

(2,549

)

 

$

(200

)

 

$

(2,732

)

 

$

(5,481

)

 

Three Months Ended August 31, 2018

 

Radio

 

 

Publishing

 

 

All Other

 

 

Consolidated

 

Net revenues

 

$

8,079

 

 

$

897

 

 

$

428

 

 

$

9,404

 

Station operating expenses excluding depreciation and amortization expense

 

 

5,665

 

 

 

1,009

 

 

 

2,334

 

 

 

9,008

 

Corporate expenses excluding depreciation and amortization expense

 

 

 

 

 

 

 

 

2,802

 

 

 

2,802

 

Impairment loss

 

 

205

 

 

 

 

 

 

 

 

 

205

 

Depreciation and amortization

 

 

127

 

 

 

5

 

 

 

225

 

 

 

357

 

Loss on sale of assets, net of disposition costs

 

 

15

 

 

 

 

 

 

 

 

 

15

 

Operating income (loss)

 

$

2,067

 

 

$

(117

)

 

$

(4,933

)

 

$

(2,983

)

 

Six Months Ended August 31, 2019

 

Radio

 

 

Publishing

 

 

All Other

 

 

Consolidated

 

Net revenues

 

$

16,106

 

 

$

1,896

 

 

$

527

 

 

$

18,529

 

Station operating expenses excluding depreciation and amortization expense

 

 

12,317

 

 

 

2,080

 

 

 

1,071

 

 

 

15,468

 

Corporate expenses excluding depreciation and amortization expense

 

 

 

 

 

 

 

 

4,774

 

 

 

4,774

 

Impairment loss

 

 

4,022

 

 

 

 

 

 

 

 

 

4,022

 

Depreciation and amortization

 

 

201

 

 

 

7

 

 

 

395

 

 

 

603

 

Loss on sale of assets, net of disposition costs

 

 

 

 

 

 

 

 

31

 

 

 

31

 

Operating loss

 

$

(434

)

 

$

(191

)

 

$

(5,744

)

 

$

(6,369

)

 

Six Months Ended August 31, 2018

 

Radio

 

 

Publishing

 

 

All Other

 

 

Consolidated

 

Net revenues

 

$

17,139

 

 

$

2,170

 

 

$

777

 

 

$

20,086

 

Station operating expenses excluding depreciation and amortization expense

 

 

12,504

 

 

 

2,208

 

 

 

4,973

 

 

 

19,685

 

Corporate expenses excluding depreciation and amortization expense

 

 

 

 

 

 

 

 

5,310

 

 

 

5,310

 

Impairment loss

 

 

205

 

 

 

 

 

 

 

 

 

205

 

Depreciation and amortization

 

 

264

 

 

 

10

 

 

 

449

 

 

 

723

 

(Gain) loss on sale of assets, net of disposition costs

 

 

(32,383

)

 

 

331

 

 

 

 

 

 

(32,052

)

Operating income (loss)

 

$

36,549

 

 

$

(379

)

 

$

(9,955

)

 

$

26,215

 

 

Total Assets

 

Radio

 

 

Publishing

 

 

All Other

 

 

Consolidated

 

As of February 28, 2019

 

$

216,473

 

 

$

728

 

 

$

20,545

 

 

$

237,746

 

As of August 31, 2019

 

$

239,089

 

 

$

670

 

 

$

16,481

 

 

$

256,240