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Acquisitions | 12 Months Ended
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Mar. 02, 2019
Business Combinations [Abstract] |
Acquisition | Acquisitions EFCO On June 12, 2017, we acquired 100 percent of the stock of EFCO Corporation, a privately-held U.S. manufacturer of architectural aluminum window, curtainwall, storefront and entrance systems for commercial construction projects, for approximately $190 million. Purchase accounting related to this acquisition was completed during the first quarter of fiscal 2019, with final purchase price allocation as follows:
(In thousands) |  |
Net working capital |  | $ | 1,422 |
Property, plant and equipment |  | 44,641 |
Goodwill |  | 90,429 |
Other intangible assets |  | 71,500 |
Less: Long-term liabilities acquired, net |  | 17,643 |
Net assets acquired |  | $ | 190,349 |
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 |  |  |
Sotawall On December 14, 2016, we acquired substantially all the assets of Sotawall, Inc. ("Sotawall"), for approximately $138 million. Purchase accounting related to this acquisition was completed during the first quarter of fiscal 2018, with final purchase price allocation 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 |
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 |
Unaudited pro forma information has been provided for comparative purposes only and the information does not necessarily reflect what the combined results of operations actually would have been had the acquisitions occurred at the beginning of fiscal year 2017. The information does not reflect the effect of any synergies or integration costs that we expect to result from the acquisitions.

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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