Property and Equipment

12 Months Ended

Feb. 28, 2021

Property, Plant and Equipment [Abstract]

Note 6 - Property and Equipment

A summary of property and equipment is as follows:


	Estimated Useful Lives (Years)			Fiscal Years Ended Last Day of February,
(in thousands)				2021		2020
Land		—		$	12,644	$	12,644
Building and improvements	3	—	40	116,652		115,592
Computer, furniture and other equipment	3	—	15	97,810		89,257
Tools, molds and other production equipment	3	—	7	42,729		37,652
Construction in progress		—		7,079		9,302
Property and equipment, gross				276,914		264,447
Less: accumulated depreciation				(140,379)		(132,340)
Property and equipment, net				$	136,535	$	132,107

We recorded $20.1 million, $16.1 million and $15.7 million of depreciation expense including $6.8 million, $4.3 million and $4.1 million in cost of goods sold and $13.3 million, $11.8 million and $11.6 million in SG&A in the consolidated statements of income for fiscal 2021, 2020 and 2019, respectively.