PROPERTY AND EQUIPMENT

12 Months Ended

Feb. 29, 2020

Property Plant And Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 7 – PROPERTY AND EQUIPMENT

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

	Useful	February 29/28,
	Life	2020			2019
Leasehold improvements	5 - 10 years	$	9,425		$	3,522
LoJack system components and law enforcement tracking units	7 to 10 years		17,096			20,326
Leased devices	2 to 5 years		30,646			-
Plant equipment and tooling	2 - 5 years		13,026			13,078
Office equipment, computers and furniture	3 - 5 years		11,598			11,553
Software	3 - 7 years		50,760			31,349
			132,551			79,828
Less accumulated depreciation and amortization			(81,079	)		(58,641	)
			51,472			21,187
Fixed assets not yet in service			4,406			5,836
		$	55,878		$	27,023

Depreciation expense was $19.7 million, $8.6 million, and $8.0 million in fiscal years ended February 29, 2020, February 28, 2019 and 2018, respectively.

A portion of the LoJack 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 29, 2020, we recorded impairment losses aggregating $0.5 million, which represented the net book value of tower equipment in various leases that were terminated or planned to be terminated. This impairment loss is included within the total Impairment loss shown separately in the operating expenses in our consolidated statement of comprehensive income (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.