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PROPERTY AND EQUIPMENT
12 Months Ended
Feb. 28, 2019
Property Plant And Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 7 – PROPERTY AND EQUIPMENT

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

 

 

 

February 28,

 

 

 

2019

 

 

2018

 

Leasehold improvements

 

$

3,522

 

 

$

3,157

 

LoJack system components and law enforcement

   tracking units

 

 

20,326

 

 

 

20,558

 

Plant equipment and tooling

 

 

13,078

 

 

 

16,842

 

Office equipment, computers and furniture

 

 

11,553

 

 

 

14,206

 

Software

 

 

31,349

 

 

 

31,427

 

 

 

 

79,828

 

 

 

86,190

 

Less accumulated depreciation and amortization

 

 

(58,641

)

 

 

(69,585

)

 

 

 

21,187

 

 

 

16,605

 

Fixed assets not yet in service

 

 

5,836

 

 

 

4,657

 

 

 

$

27,023

 

 

$

21,262

 

 

Depreciation expense was $8.6 million, $8.0 million, and $8.4 million in fiscal years ended February 28, 2019, 2018 and 2017, 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.