Property and Equipment

12 Months Ended

Feb. 28, 2022

Property, Plant and Equipment [Abstract]

Note 5 - 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)				2022		2021
Land		—		$	20,632	$	12,644
Building and improvements	3	—	40	126,093		116,652
Computer, furniture and other equipment	3	—	15	102,566		97,810
Tools, molds and other production equipment	3	—	7	55,925		42,729
Construction in progress		—		61,168		7,079
Property and equipment, gross				366,384		276,914
Less: accumulated depreciation				(161,006)		(140,379)
Property and equipment, net				$	205,378	$	136,535

We recorded $23.1 million, $20.1 million and $16.1 million of depreciation expense including $10.0 million, $6.8 million and $4.3 million in cost of goods sold and $13.1 million, $13.3 million and $11.8 million in SG&A in the consolidated statements of income for fiscal 2022, 2021 and 2020, respectively.