| In millions, except per share items | Feb-29-20 | Feb-28-19 | Feb-28-18 | Feb-28-17 | Feb-29-16 | Feb-28-15 | Feb-28-14 | Feb-28-13 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Radio | 33.5 | 33.8 | 142.9 | 165.1 | 169.2 | 176.3 | 145.3 | 138.6 |
| Publishing | 4.4 | 4.7 | 4.5 | 48.6 | 61.0 | 61.1 | 59.7 | 57.5 |
| All Other | 1.8 | 1.4 | | | | | | |
| Other | | | 1.1 | 0.9 | 1.2 | 0.5 | 0.1 | |
| Total revenues | 39.7 | 39.9 | 148.5 | 214.6 | 231.4 | 237.9 | 205.1 | 196.1 |
| Revenue growth [+] | -0.5% | -73.1% | -30.8% | -7.3% | -2.7% | 16.0% | 4.6% | -3.0% |
| Radio | -0.9% | -76.4% | -13.5% | -2.4% | -4.0% | 21.3% | 4.8% | -4.3% |
| Publishing | -5.8% | 3.5% | -90.7% | -20.4% | -0.2% | 2.3% | 4.0% | 0.1% |
| All Other | 28.3% | | | | | | | |
| Cost of goods sold | 51.8 | 17.4 | 53.9 | 167.9 | 196.4 | 198.2 | 178.1 | 163.4 |
| Gross profit | -12.1 | 22.5 | 94.6 | 46.7 | 35.0 | 39.8 | 27.1 | 32.7 |
| Gross margin | -30.6% | 56.5% | 63.7% | 21.8% | 15.1% | 16.7% | 13.2% | 16.7% |
| Selling, general and administrative | 5.5 | 2.2 | 3.8 | 14.8 | 15.4 | 5.9 | 4.9 | 4.7 |
| Equity in earnings | -0.8 | | | | | | | |
| Other operating expenses | 6.6 | 29.6 | 72.8 | 8.8 | -15.4 | -5.9 | -4.9 | -4.7 |
| EBITDA [+] | -25.0 | -9.3 | 18.0 | 23.1 | 35.0 | 39.8 | 27.1 | 32.7 |
| EBITDA growth | 169.6% | -151.5% | -22.1% | -34.0% | -12.0% | 47.0% | -17.2% | 118.6% |
| EBITDA margin | -63.0% | -23.3% | 12.1% | 10.8% | 15.1% | 16.7% | 13.2% | 16.7% |
| Depreciation | 1.0 | 1.1 | 3.3 | 4.8 | 5.8 | 5.9 | 4.9 | 4.7 |
| EBITA | -26.1 | -10.4 | 14.7 | 18.3 | 29.2 | 33.9 | 22.2 | 28.0 |
| EBITA margin | -65.6% | -26.0% | 9.9% | 8.5% | 12.6% | 14.2% | 10.8% | 14.3% |
| Amortization of intangibles | 0.1 | 0.3 | 0.3 | | | | | |
| EBIT [+] | -26.2 | -10.7 | 14.4 | 18.3 | 29.2 | 33.9 | 22.2 | 28.0 |
| EBIT growth | 145.1% | -174.2% | -21.4% | -37.3% | -13.7% | 52.5% | -20.6% | 173.3% |
| EBIT margin | -65.9% | -26.8% | 9.7% | 8.5% | 12.6% | 14.2% | 10.8% | 14.3% |
| Non-recurring items [+] | -7.8 | -31.0 | -76.4 | -13.6 | 9.6 | 67.9 | | 11.4 |
| Asset impairment | 6.5 | 0.9 | 0.3 | 9.8 | 9.5 | 67.9 | | 11.4 |
| Loss (gain) on sale of assets | 0.0 | 0.0 | -0.1 | 0.1 | 0.1 | | 0.0 | -9.9 |
| Loss (gain) on sale of business | | -31.8 | -76.6 | -23.6 | | | | |
| Unusual expense | -12.1 | | | | | | | |
| Legal settlement | -2.2 | | | | | | | |
| Interest expense, net [+] | 3.1 | 7.0 | 15.1 | 18.0 | 18.9 | 17.0 | 7.0 | 20.8 |
| Interest expense | 3.8 | 7.2 | 15.1 | 18.0 | 19.0 | 17.1 | 7.1 | 20.9 |
| Interest income | 0.7 | 0.1 | 0.1 | 0.0 | 0.0 | 0.1 | 0.0 | 0.1 |
| Other income (expense), net [+] | -12.6 | -0.8 | -2.7 | -0.8 | 1.0 | -8.0 | -0.6 | -4.6 |
| Gain (loss) on sale of assets | | | | | | | 0.0 | -9.9 |
| Gain (loss) on debt retirement | -0.5 | -0.8 | -2.7 | -0.6 | | -2.5 | | |
| Other | 0.7 | 0.1 | 0.0 | -0.2 | 1.1 | -6.4 | 0.1 | 0.0 |
| Pre-tax income | -34.1 | 12.5 | 73.0 | 13.1 | 1.8 | -59.0 | 14.6 | -8.9 |
| Income taxes | -9.1 | 3.6 | -11.7 | -0.1 | 2.1 | 36.9 | -34.1 | -7.0 |
| Tax rate | 26.6% | 28.4% | | | 117.2% | | | 79.4% |
| Minority interest | 1.4 | 2.7 | 2.6 | 0.1 | -2.4 | 3.3 | 5.2 | 4.5 |
| Earnings from continuing ops | -26.5 | 6.2 | 82.1 | 13.1 | 2.0 | -99.3 | 43.5 | -8.1 |
| Earnings from discontinued ops | 77.0 | 17.1 | | | | | | 50.1 |
| Net income | 50.5 | 23.4 | 82.1 | 13.1 | 2.0 | -99.3 | 43.5 | 42.0 |
| Net margin | 127.1% | 58.5% | 55.3% | 6.1% | 0.8% | -41.7% | 21.2% | 21.4% |
| |
| Basic EPS [+] | ($2.05) | $0.49 | $6.65 | $1.09 | $0.18 | ($9.33) | $1.07 | ($0.21) |
| Growth | -515.9% | -92.6% | 510.5% | 515.9% | -101.9% | -969.5% | -616.4% | -125.5% |
| Diluted EPS [+] | ($2.05) | $0.46 | $6.50 | $1.07 | $0.17 | ($9.33) | $0.94 | ($0.21) |
| Growth | -543.7% | -92.9% | 506.3% | 521.9% | -101.8% | -1088.4% | -554.3% | -130.0% |
| |
| Shares outstanding (basic) [+] | 12.9 | 12.6 | 12.3 | 12.0 | 11.0 | 10.6 | 40.5 | 39.0 |
| Growth | 2.3% | 2.1% | 2.5% | 9.1% | 3.8% | -73.7% | 3.8% | 1.9% |
| Shares outstanding (diluted) [+] | 12.9 | 13.4 | 12.6 | 12.2 | 11.3 | 10.6 | 46.0 | 39.0 |
| Growth | -4.1% | 6.5% | 3.2% | 8.1% | 6.4% | -76.9% | 18.0% | -13.2% |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |