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Acquisitions Acquisition (Tables) | 12 Months Ended
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Mar. 03, 2018
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired |
(In thousands) |  |
Net working capital |  | $ | 7,689 |
Property, plant and equipment |  | 44,641 |
Goodwill |  | 84,162 |
Other intangible assets |  | 71,500 |
Less: Long-term liabilities acquired, net |  | 17,643 |
Net assets acquired |  | $ | 190,349 |
Purchase accounting related to this acquisition was completed during the first quarter of fiscal 2018. Final purchase price allocation was as follows:
(In thousands) |
Net working capital | $ | 10,682 |
Property, plant and equipment | 7,993 |
Goodwill | 21,380 |
Other intangible assets | 94,630 |
Net assets acquired | $ | 134,685 |
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination | Other intangible assets reflect the following:
(In thousands) |  | Estimated fair value |  | Estimated useful life (in years)
Customer relationships |  | $ | 34,800 |  |  | 16
Tradename |  | 32,400 |  |  | Indefinite
Backlog |  | 4,300 |  |  | 1.5
|  | $ | 71,500 |  |  |
Business Acquisition, Pro Forma Information | The following table provides certain unaudited pro forma consolidated information for the combined company for the fourth quarters and fiscal years 2018 and 2017, as if the EFCO and Sotawall acquisitions were consummated pursuant to each of their respective same terms at the beginning of the fiscal year preceding their respective acquisition dates.
|  | Three Months Ended |  | Twelve Months Ended
(In thousands, except per share data) |  | March 3, 2018 | March 4, 2017 |  | March 3, 2018 |  | March 4, 2017
Net sales |  | $ | 353,453 |  | $ | 390,669 |  |  | $ | 1,398,733 |  |  | $ | 1,474,021 |
Net earnings |  | 23,157 |  | 26,624 |  |  | 81,653 |  |  | 98,795 |
Earnings per share |  |  |  |  |  |  |
Basic |  | 0.82 |  | 0.93 |  |  | 2.86 |  |  | 3.44 |
Diluted |  | 0.81 |  | 0.92 |  |  | 2.83 |  |  | 3.43 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
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