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v3.23.1

Property, Plant and Equipment (Tables) | 12 Months Ended
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Feb. 28, 2023
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment | Depreciation is computed using the straight-line method over the estimated useful lives of the related assets as follows:
Buildings and structures | 10-27 years
Machinery and equipment | 3-15 years
Furniture and fixtures | 3-15 years
Automotive equipment | 3-5 years
Computers and software | 3-7 years
Property, plant and equipment consisted of the following as of February 28, 2023 and February 28, 2022 (in thousands):
|  | As of February 28,
|  | 2023 |  | 2022
Land |  | $ | 52,322 |  |  | $ | 21,831 |
Building and structures |  | 291,254 |  |  | 154,982 |
Machinery and equipment |  | 391,786 |  |  | 225,824 |
Furniture, fixtures, software and computers |  | 28,906 |  |  | 29,824 |
Automotive equipment |  | 2,757 |  |  | 3,807 |
Construction in progress |  | 24,681 |  |  | 8,545 |
|  | 791,706 |  |  | 444,813 |
Less accumulated depreciation |  | (293,203) |  |  | (251,455) |
Property, plant, and equipment, net |  | $ | 498,503 |  |  | $ | 193,358 |
The following table outlines the classification of depreciation expense from continuing operations in the consolidated statements of income for fiscal 2023, 2022, and 2021 (in thousands):
|  | Year Ended February 28,
|  | 2023 |  | 2022 |  | 2021
Cost of sales |  | $ | 49,413 |  |  | $ | 23,795 |  |  | $ | 23,619 |
Selling, general and administrative |  | 2,564 |  |  | 1,628 |  |  | 1,694 |
Total depreciation expense |  | $ | 51,977 |  |  | $ | 25,423 |  |  | $ | 25,313 |

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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