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PROPERTY AND EQUIPMENT
 12 Months Ended
Feb. 28, 2018
Property Plant And Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 7 – PROPERTY AND EQUIPMENT

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

 

 

 

February 28,

 

 

 

2018

 

 

2017

 

Leasehold improvements

 

$

3,157

 

 

$

3,484

 

LoJack system components and law enforcement

   tracking units

 

 

20,558

 

 

 

22,412

 

Plant equipment and tooling

 

 

16,842

 

 

 

20,420

 

Office equipment, computers and furniture

 

 

14,206

 

 

 

14,123

 

Software

 

 

31,427

 

 

 

28,225

 

 

 

 

86,190

 

 

 

88,664

 

Less accumulated depreciation and amortization

 

 

(69,585

)

 

 

(70,388

)

 

 

 

16,605

 

 

 

18,276

 

Fixed assets not yet in service

 

 

4,657

 

 

 

2,886

 

 

 

$

21,262

 

 

$

21,162

 

 

Depreciation expense was $8.0 million, $8.4 million, and $3.6 million in fiscal years ended February 28, 2018, 2017 and 2016, 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.