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Property and Equipment
12 Months Ended
Feb. 28, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment
Property and Equipment
A summary of property and equipment is as follows:
(in thousands)
Estimated
Useful Lives
(Years)
 
February 28, 2019
 
February 28, 2018
Land
 
 
 
$
12,644

 
$
12,800

Building and improvements
3
40
 
113,820

 
106,870

Computer, furniture and other equipment
3
15
 
84,711

 
79,657

Tools, molds and other production equipment
3
7
 
36,378

 
33,466

Construction in progress
 
 
 
6,529

 
5,912

Property and equipment, gross
 
 
 
 
254,082

 
238,705

Less accumulated depreciation
 
 
 
 
(123,744
)
 
(115,202
)
Property and equipment, net
 
 
 
 
$
130,338

 
$
123,503


We recorded $15.7, $14.9 and $14.2 million of depreciation expense including $4.1, $3.7 and $4.6 million in cost of goods sold and $11.6,  $11.2 and $9.6 million in SG&A in the consolidated statements of income for fiscal 2019, 2018 and 2017, respectively.
We lease certain facilities, equipment, and vehicles under operating leases, which expire at various dates through fiscal 2033.  Certain of the leases contain escalation clauses and renewal or purchase options in addition to rent abatement amounts.  Rent expense related to our operating leases was $7.9, $5.5, and $5.3 million for fiscal 2019, 2018 and 2017, respectively.