Property and Equipment

12 Months Ended

Jan. 31, 2016

Note 6 — Property and Equipment

Property and equipment consists of the following:

	January 31,			February 1,
	2016			2015
	(In thousands)
Land	$	13,075		$	13,512
Buildings		99,405			86,337
Leasehold improvements		14,064			15,200
Machinery and equipment		73,840			65,596
Computer software		16,334			7,911
Construction and projects in progress		4,703			12,295
		221,421			200,851
Less: accumulated depreciation		(93,712	)		(85,093	)
	$	127,709		$	115,758

Machinery and equipment acquired under capital leases had a net book value of $564,000 and $839,000 at January 31, 2016 and February 1, 2015, respectively. Buildings acquired under capital leases had a net book value of $1.7 million and $1.8 million at January 31, 2016 and February 1, 2015, respectively. Buildings acquired under build-to-suit leasing arrangements had a net book value of $8.1 million at January 31, 2016 and $5.7 million at February 1, 2015, respectively. Depreciation expense was $15.5 million, $12.4 million and $11.0 million in fiscal 2016, 2015, and 2014, respectively.

As a result of the implementation of an enterprise resource planning (“ERP”) software solution that included a new general ledger and accounting system during the first quarter of fiscal 2016, a significant amount of assets included in construction and projects in progress in fiscal 2015 was moved into computer software in fiscal 2016.