For the year ended

February 28,

February 28,

February 29,

2010

2011

2012

Net income from continuing operations

$

14,203,637

$

24,375,545

$

24,313,653

Net income/ (loss) from discontinued operations

41,322

(334,395

)

—

Net income

$

14,244,959

$

24,041,150

$

24,313,653

Shares (denominator):

Weighted average shares outstanding Basic

120,000,000

131,911,539

154,000,219

Dilutive effect of preferred shares

5,000,000

3,173,077

—

Dilutive effect of non-vested shares award

—

1,361,019

1,874,162

Diluted

125,000,000

136,445,635

155,874,381

Net income per common share attributable to TAL Education Group shareholders-basic

Basic from continuing operations

$

0.11

$

0.18

$

0.16

Basic from discontinued operations

$

0.00

$

(0.00

)

$

—

Net income per common share attributable to TAL Education Group shareholders-basic(1)

$

0.11

$

0.18

$

0.16

Net income per common share attributable to TAL Education Group shareholders-diluted

Diluted from continuing operations

$

0.11

$

0.18

$

0.16

Diluted from discontinued operations

$

0.00

$

(0.00

)

$

—

Net income per common share attributable to TAL Education Group shareholders-diluted

$

0.11

$

0.18

$

0.16