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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Feb. 28, 2013
Feb. 29, 2012
Feb. 28, 2011
Cash flows from operating activities      
Net income from continuing operations $ 33,440,066 $ 24,313,653 $ 24,375,545
Adjustments to reconcile net income to net cash provided by continuing operating activities      
Depreciation of property and equipment 7,023,754 5,203,847 2,786,645
Amortization of intangible assets 343,578 490,883 678,933
Loss on disposal of property and equipment 20,754 70,637  
Share-based compensation 8,283,900 7,901,243 5,306,472
Impairment loss on long-term prepayment 594,162    
Impairment loss on intangible assets and goodwill   139,660  
Impairment loss on long-term investment   235,397  
Gain on extinguishment of liabilities     (133,159)
Changes in operating assets and liabilities      
Inventory (186,556) (105,784) 9,510
Prepaid expenses and other current assets (1,658,720) (4,265,046) (2,639,484)
Deferred income taxes (636,479) (430,239) (673,512)
Rental deposit (633,468) (1,727,479) (667,358)
Accounts payable (1,582,639) 1,582,054 (60,198)
Deferred revenue 16,919,844 34,916,007 21,202,797
Amounts due to related parties     (28,626)
Accrued expenses and other current liabilities 1,340,546 7,313,423 1,516,279
Income tax payable 2,141,003 (2,240,585) 2,359,117
Net cash provided by operating activities-continuing operations 65,409,745 73,397,671 54,032,961
Net cash used in operating activities-discontinued operations     (210,338)
Net cash provided by operating activities 65,409,745 73,397,671 53,822,623
Cash flows from investing activities      
Restricted cash (2,040,497)    
Purchase of term deposits (46,123,942) (64,358,102) (25,870,071)
Proceeds from maturity of term deposits 32,341,342 79,900,057  
Purchase of property and equipment (building comprised of $nil, $(62,474,175) and $(922,713) for years ended February 28, 2011, February 29, 2012 and February 28, 2013) (6,163,284) (72,631,938) (5,164,709)
Proceeds from disposal of property and equipment 89,775 3,224  
Payments for purchase of intangible assets (765,108) (1,891,637)  
Sales of available-for-sale securities     1,470,660
Payment for long-term investment (5,456,991) (117,363)  
Net cash used in investing activities-continuing operation (28,118,705) (59,095,759) (29,564,120)
Net cash used in investing activities-discontinued operations     (3,829)
Net cash used in investing activities (28,118,705) (59,095,759) (29,567,949)
Cash flows from financing activities      
Proceeds from initial public offering     129,433,200
Payment of issuance cost in connection with IPO   (387,000) (2,094,905)
Payment of deferred acquisition consideration     (344,909)
Dividend to shareholders (39,030,038)   (30,000,000)
Class B common shares subscription received     120,000
Payback of convertible loan     (500,000)
Payment for previous acquisition   (83,022)  
Payment for share repurchase (2,435,037)    
Net cash provided by/ (used in) financing activities (41,465,075) (470,022) 96,613,386
Effect of exchange rate changes 674,941 1,582,216 1,545,120
Net increase/(decrease) in cash and cash equivalents (3,499,094) 15,414,106 122,413,180
Cash and cash equivalents at the beginning of year 188,579,767 173,165,661 50,752,481
Cash and cash equivalents at the end of year 185,080,673 188,579,767 173,165,661
Supplement disclosure of cash flow information:      
Income tax paid 2,404,796 6,686,919 2,846,739
Interest expense paid     53,014
Non-cash investing and financing activities:      
Payable for purchase of property and equipment 728,516 370,288 177,932
Payable for investment in Holiday School $ 120,554 $ 119,171