Property and Equipment, Net

9 Months Ended

Nov. 30, 2021

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

7. Property and Equipment, Net

Property and equipment, net consisted of the following:

	Successor
($ in thousands)	November 30, 2021			February 28, 2021
Computer equipment	$	27,619		$	14,707
Software		32,565			21,141
Furniture and fixtures		3,501			1,828
Leasehold improvements		8,972			7,722
Gross property and equipment		72,657			45,398
Less accumulated depreciation and amortization		(16,879	)		(1,200	)
Property and equipment, net	$	55,778		$	44,198

Computer equipment and software include assets held under financing leases. Amortization of assets held under financing leases is included in depreciation expense. See Note 21, Leases for additional information regarding our financing leases.

Depreciation expense was $6.0 million and $3.9 million for the three months ended November 30, 2021 and 2020, respectively. Depreciation expense was $15.8 million and $10.4 million for the nine months ended November 30, 2021 and 2020, respectively.