PROPERTY, EQUIPMENT AND IMPROVEMENTS

12 Months Ended

Feb. 29, 2016

PROPERTY, EQUIPMENT AND IMPROVEMENTS [Abstract]

PROPERTY, EQUIPMENT AND IMPROVEMENTS

NOTE 5 – PROPERTY, EQUIPMENT AND IMPROVEMENTS

Property, equipment and improvements consist of the following (in thousands):

	February 28,
	2016			2015
Leasehold improvements	$	1,815		$	1,833
Plant equipment and tooling		12,541			13,355
Office equipment, computers and furniture		6,468			5,753
Software		9,789			7,439
		30,613			28,380
Less accumulated depreciation and amortization		(21,852	)		(20,177	)
		8,761			8,203
Fixed assets not yet in service		2,464			2,322
	$	11,225		$	10,525

Depreciation expense was $3,582,000, $2,796,000 and $1,822,000 in fiscal years 2016, 2015 and 2014, respectively.

Fixed assets not yet in service consist primarily of capitalized internal-use software and certain tooling and other equipment that have not been placed into service.