Property, Plant and Equipment (Tables)

12 Months Ended

Feb. 28, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Depreciation is computed using the straight-line method over the estimated useful lives of the related assets as follows:

Buildings and structures	10-27 years
Machinery and equipment	3-15 years
Furniture and fixtures	3-15 years
Automotive equipment	3-5 years
Computers and software	3-7 years

Property, plant and equipment consisted of the following as of February 28, 2023 and February 28, 2022 (in thousands):

	As of February 28,
	2023		2022
Land	$	52,322	$	21,831
Building and structures	291,254		154,982
Machinery and equipment	391,786		225,824
Furniture, fixtures, software and computers	28,906		29,824
Automotive equipment	2,757		3,807
Construction in progress	24,681		8,545
	791,706		444,813
Less accumulated depreciation	(293,203)		(251,455)
Property, plant, and equipment, net	$	498,503	$	193,358

The following table outlines the classification of depreciation expense from continuing operations in the consolidated statements of income for fiscal 2023, 2022, and 2021 (in thousands):

	Year Ended February 28,
	2023		2022		2021
Cost of sales	$	49,413	$	23,795	$	23,619
Selling, general and administrative	2,564		1,628		1,694
Total depreciation expense	$	51,977	$	25,423	$	25,313