PROPERTY AND EQUIPMENT

12 Months Ended

Feb. 28, 2021

Property Plant And Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 8 – PROPERTY AND EQUIPMENT

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

	Useful	February 28/29,
	Life	2021			2020
Leasehold improvements	5 - 10 years	$	7,924		$	9,425
Recovery system components and law enforcement tracking units	7 to 10 years		13,975			17,096
Leased devices	2 to 5 years		31,988			30,646
Plant equipment and tooling	2 - 5 years		9,789			13,026
Office equipment, computers and furniture	3 - 5 years		12,438			11,598
Software	3 - 7 years		49,993			50,760
			126,107			132,551
Less accumulated depreciation and amortization			(88,870	)		(81,079	)
			37,237			51,472
Fixed assets not yet in service			3,844			4,406
		$	41,081		$	55,878

Depreciation expense from continuing operations was $17.2 million, $17.4 million and $5.9 million for the fiscal years ended February 28/29, 2021, 2020 and 2019, 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. 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. Impairment losses of $8.9 million and $0.5 million for the fiscal years ended February 28/29, 2021 and 2020, respectively, are included within the Net loss from discontinued operations shown separately 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.