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Business Segments Data
 12 Months Ended
Mar. 03, 2012
Business Segments Data [Abstract]  
Business Segments Data

16 Business Segments Data

The Company's segments are aligned to match the markets they serve. They are Architectural Products and Services (Architectural) and Large-Scale Optical Technologies (LSO). The Architectural segment designs, engineers, fabricates, installs, maintains and renovates the walls of glass and windows comprising the outside skin of commercial and institutional buildings. The LSO segment manufactures value-added glass and acrylic products for the custom picture framing market.

The following table presents certain data for our two segments, and consolidated data, for fiscal 2012, 2011 and 2010.

 

(In thousands)

   2012     2011     2010  

Net Sales from continuing operations

       

Architectural

    $ 583,933      $ 507,392      $ 626,007   

Large-scale optical

      78,532        75,426        70,707   

Intersegment elimination

      (2 )      (41 )      (11 ) 
  

 

 

    

 

 

    

 

 

  

Total

    $ 662,463      $ 582,777      $ 696,703   
  

 

 

    

 

 

    

 

 

  

Operating Income (loss) from continuing operations

       

Architectural

    $ (12,072 )    $ (37,668 )    $ 31,591   

Large-scale optical

      19,605        20,540        16,870   

Corporate and other

      (3,717 )      (3,844 )      (3,031 ) 
  

 

 

    

 

 

    

 

 

  

Total

    $ 3,816      $ (20,972 )    $ 45,430   
  

 

 

    

 

 

    

 

 

  

Depreciation and Amortization from continuing operations

       

Architectural

    $ 20,978      $ 21,791      $ 22,541   

Large-scale optical

      4,607        4,694        4,792   

Corporate and other

      1,661        1,733        2,268   
  

 

 

    

 

 

    

 

 

  

Total

    $ 27,246      $ 28,218      $ 29,601   
  

 

 

    

 

 

    

 

 

  

Capital Expenditures from continuing operations

       

Architectural

    $ 6,925      $ 5,819      $ 5,238   

Large-scale optical

      1,244        652        2,528   

Corporate and other

      1,481        2,655        1,999   
  

 

 

    

 

 

    

 

 

  

Total

    $ 9,650      $ 9,126      $ 9,765   
  

 

 

    

 

 

    

 

 

  

Identifiable Assets

       

Architectural(1)

   $ 321,417      $ 335,776      $ 321,594   

Large-scale optical

      59,824        65,291        67,314   

Corporate and other

      111,863        110,031        137,946   
  

 

 

    

 

 

    

 

 

  

Total

    $ 493,104      $ 511,098      $ 526,854   
  

 

 

    

 

 

    

 

 

  

 

(1) Fiscal 2011 includes a retrospective adjustment of $4.2 million within the Architectural segment as described above in Note 6.

 

The following table presents net sales, based on the location in which the sale originated, and long-lived assets, representing property, plant and equipment, net of related depreciation, by geographic region.

 

(In thousands)

   2012      2011      2010  

Net Sales from continuing operations

         

United States

    $ 628,362       $ 579,127       $ 696,703   

Brazil

      34,101         3,650         —     
  

 

 

     

 

 

     

 

 

  

Total

    $ 662,463       $ 582,777       $ 696,703   
  

 

 

     

 

 

     

 

 

  

Long-Lived Assets

         

United States

    $ 150,875       $ 168,791       $ 185,519   

Brazil

      8,672         10,410         —     
  

 

 

     

 

 

     

 

 

  

Total

    $ 159,547       $ 179,201       $ 185,519   
  

 

 

     

 

 

     

 

 

  

Due to the varying combinations of individual window systems and curtainwall, the Company has determined that it is impractical to report product and service revenues generated by the Architectural segment by class of product, beyond the segment revenues currently reported.

Apogee's export net sales from domestic operations of $75.7 million for fiscal 2012 were approximately 11 percent of consolidated net sales, export net sales of $79.4 million for fiscal 2011 were approximately 14 percent of consolidated net sales, and export sales of $68.3 million for fiscal 2010 were approximately 10 percent of consolidated net sales. All sales from Brazil were to customers outside the United States. No single customer, including government agencies, accounts for 10 percent or more of consolidated net sales.

Segment operating income is equal to net sales less cost of sales and operating expenses. Operating income does not include provision for interest expense or income taxes. Corporate and other includes miscellaneous corporate activity not allocable to business segments.

Included in the identifiable assets for Corporate and other are the short and long-term marketable securities available for sale at corporate and Prism of $19.6 million in fiscal 2012, $26.9 million in fiscal 2011 and $78.1 million in fiscal 2010. Also included are short and long-term restricted investments at corporate of $23.1 million in fiscal 2012 and $35.8 million in fiscal 2011.