Property And Equipment

12 Months Ended

Feb. 28, 2023

Property, Plant and Equipment [Abstract]

Property And Equipment

PROPERTY AND EQUIPMENT

	As of February 28
(In thousands)	2023		2022
Land	$	947,734	$	913,577
Land held for development (1)	62,770		73,347
Buildings	2,454,937		2,290,686
Leasehold improvements	356,974		331,002
Furniture, fixtures and equipment	559,927		520,407
Construction in progress	156,925		113,091
Software	314,454		246,616
Finance leases	192,117		157,890
Total property and equipment	5,045,838		4,646,616
Less: accumulated depreciation and amortization	(1,614,924)		(1,437,548)
Property and equipment, net	$	3,430,914	$	3,209,068

 (1)    Land held for development represents land owned for potential store growth.

Depreciation expense was $244.4 million in fiscal 2023, $215.3 million in fiscal 2022 and $195.3 million in fiscal 2021.