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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Common Stock
Common Class A
Common Stock
Common Class B
Common Stock
Class A common shares Issuable
Additional paid-in capital
Statutory reserve
Retained earnings
Cumulative adjustment
Retained earnings
Accumulated other comprehensive income / (loss)
Total TAL Education Group shareholders' equity
Cumulative adjustment
Total TAL Education Group shareholders' equity
Noncontrolling Interest
Common Class A
Cumulative adjustment
Total
Balance at Feb. 28, 2019 $ 127 $ 71 $ 1,977 $ 1,485,521 $ 58,690   $ 920,314 $ 17,047   $ 2,483,747 $ 46,730     $ 2,530,477
Balance (in shares) at Feb. 28, 2019 126,501,071 70,556,000                        
Conversion of Class B common shares to Class A common shares $ 4 $ (4)                        
Conversion of Class B common shares to Class A common shares (in shares) 3,614,796 (3,614,796)                        
Net loss             (110,195)     (110,195) (17,456)     (127,651)
Provision for statutory reserve         24,022   (24,022)              
Issuance of common shares in connection with vesting of non-vested shares and settlement of liability-classified awards $ 2     (2)                    
Issuance of common shares in connection with vesting of non-vested shares and settlement of liability-classified awards (in shares) 2,239,239                          
Share-based compensation       116,703           116,703       116,703
Exercise of share options       2,550           2,550       2,550
Exercise of share options (in shares) 114,793                          
Foreign currency translation adjustment               (47,082)   (47,082) (1,865)     (48,947)
Net unrealized gains on available-for-sale investments, net               1,122   1,122       1,122
Conversion of convertible bond to Class A common shares       5,250           5,250       5,250
Conversion of convertible bond to Class A common shares (in shares) 401,074                          
Exercise of capped call option       66,346           66,346       66,346
Acquisition of noncontrolling interests       (672)           (672) (1,755)     (2,427)
Business acquisitions (Note 3)     $ (1,977) 2,741           764       764
Stock consideration (in shares) 24,702                          
Capital injection from noncontrolling interests shareholders       (2,797)           (2,797) 2,807     10
Balance at Feb. 29, 2020 $ 133 $ 67   1,675,640 82,712   786,097 (28,913)   2,515,736 28,461     2,544,197
Balance (in shares) at Feb. 29, 2020 132,895,675 66,941,204                        
Conversion of Class B common shares to Class A common shares (in shares) 2,000 (2,000)                        
Net loss             (115,990)     (115,990) (27,060)     (143,050)
Provision for statutory reserve         38,573   (38,573)              
Issuance of common shares in connection with vesting of non-vested shares and settlement of liability-classified awards $ 2     (2)                    
Issuance of common shares in connection with vesting of non-vested shares and settlement of liability-classified awards (in shares) 2,240,585                          
Share-based compensation       195,000           195,000       195,000
Exercise of share options       8,352           8,352       8,352
Exercise of share options (in shares) 359,178                          
Share repurchases       (9,852)           (9,852)       (9,852)
Share repurchases (in shares) (61,667)                     (61,667)    
Foreign currency translation adjustment               98,065   98,065 1,264     99,329
Net unrealized gains on available-for-sale investments, net               17,169   17,169       17,169
Business acquisitions (Note 3)                     (629)     (629)
Disposal of a subsidiary                     (1,084)     (1,084)
Class A Common shares issued under private placements (Note 18) $ 13     2,499,987           2,500,000       2,500,000
Class A Common shares issued under private placements (Note 18) (in shares) 12,559,807                          
Balance at Feb. 28, 2021 $ 148 $ 67   4,369,125 121,285 $ (6,651) 624,883 86,321 $ (6,651) 5,201,829 952   $ (6,651) 5,202,781
Balance (in shares) at Feb. 28, 2021 147,995,578 66,939,204                        
Conversion of Class B common shares to Class A common shares $ 18 $ (18)                        
Conversion of Class B common shares to Class A common shares (in shares) 17,785,600 (17,785,600)                        
Net loss             (1,136,115)     (1,136,115) (28,220)     (1,164,335)
Provision for statutory reserve         33,077   (33,077)              
Issuance of common shares in connection with vesting of non-vested shares and settlement of liability-classified awards $ 3     9,380           9,383       9,383
Issuance of common shares in connection with vesting of non-vested shares and settlement of liability-classified awards (in shares) 2,455,216                          
Share-based compensation       174,832           174,832       174,832
Exercise of share options       1,203           1,203       1,203
Exercise of share options (in shares) 56,296                          
Share repurchases $ (2)     (196,275)           (196,277)       (196,277)
Share repurchases (in shares) (1,506,667)                     (1,506,667)    
Foreign currency translation adjustment               25,853   25,853 (621)     25,232
Net unrealized gains on available-for-sale investments, net               (50,557)   (50,557)       (50,557)
Balance at Feb. 28, 2022 $ 167 $ 49   $ 4,358,265 $ 154,362   $ (544,309) $ 61,617   $ 4,030,151 $ (27,889)     $ 4,002,262
Balance (in shares) at Feb. 28, 2022 166,786,023 49,153,604