PROPERTY AND EQUIPMENT

12 Months Ended

Feb. 28, 2022

Property Plant And Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 8 – PROPERTY AND EQUIPMENT

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

	Useful	February 28,
	Life	2022			2021
Leasehold improvements	5 - 10 years	$	6,853		$	7,924
Recovery system components and law enforcement tracking units	7 to 10 years		940			13,975
Leased devices	2 to 5 years		33,632			31,988
Plant equipment and tooling	2 - 5 years		8,960			9,789
Office equipment, computers and furniture	3 - 5 years		8,555			12,438
Software	3 - 7 years		40,885			49,993
			99,825			126,107
Less accumulated depreciation and amortization			(65,615	)		(88,870	)
			34,210			37,237
Fixed assets not yet in service			3,464			3,844
		$	37,674		$	41,081

Depreciation expense from continuing operations was $17.4 million, $17.2 million and $17.4 million for the fiscal years ended February 28/29, 2022, 2021 and 2020, respectively.

A portion of the recovery system components and law enforcement tracking units above represent the software development for and equipment attached to our tower infrastructure. During fiscal year ended February 28, 2021, we recorded impairment losses aggregating $9.0 million, which represented the net book value of property and equipment substantially related to the LoJack U.S. SVR operations. Impairment losses of $8.9 million for the fiscal year ended February 28, 2021 are included within the net loss from discontinued operations shown separately in our consolidated statement of comprehensive loss.

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.