XML 25 R14.htm IDEA: XBRL DOCUMENT
v3.20.2

Goodwill and Other Identifiable Intangible Assets | 6 Months Ended
--- | ---
Aug. 29, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Identifiable Intangible Assets | Goodwill and Other Identifiable Intangible Assets The carrying amount of goodwill attributable to each reporting segment was:
(In thousands) |  | Architectural Framing Systems |  | Architectural Glass |  | Architectural Services |  | Large-Scale Optical |  | Total
Balance at March 2, 2019 |  | $ | 148,446 |  |  | $ | 25,709 |  |  | $ | 1,120 |  |  | $ | 10,557 |  |  | $ | 185,832 |
Foreign currency translation |  | (263) |  |  | (53) |  |  | — |  |  | — |  |  | (316) |
Balance at February 29, 2020 |  | 148,183 |  |  | 25,656 |  |  | 1,120 |  |  | 10,557 |  |  | 185,516 |
Adjustment (1) |  | 6,315 |  |  | — |  |  | — |  |  | — |  |  | 6,315 |
Foreign currency translation |  | 1,130 |  |  | (395) |  |  | — |  |  | — |  |  | 735 |
Balance at August 29, 2020 |  | $ | 155,628 |  |  | $ | 25,261 |  |  | $ | 1,120 |  |  | $ | 10,557 |  |  | $ | 192,566 |
(1) During the quarter ended May 30, 2020, we recorded a $6.3 million increase to goodwill and corresponding increase to deferred tax liabilities to correct an immaterial error related to prior periods. The error was not material to any previously reported annual or interim consolidated financial statements. |  |  |  |  |  |  |  |  |  |
The gross carrying amount of other intangible assets and related accumulated amortization was:
(In thousands) |  | Gross Carrying Amount |  | Accumulated Amortization |  |  |  | Foreign Currency Translation |  | Net
August 29, 2020 |  |  |  |  |  |  |  |  |  |
Definite-lived intangible assets: |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 119,647 |  |  | $ | (36,543) |  |  |  |  | $ | 1,188 |  |  | $ | 84,292 |
Other intangibles |  | 40,918 |  |  | (33,153) |  |  |  |  | 47 |  |  | 7,812 |
Total definite-lived intangible assets |  | 160,565 |  |  | (69,696) |  |  |  |  | 1,235 |  |  | 92,104 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |
Trademarks |  | 45,300 |  |  | — |  |  |  |  | 368 |  |  | 45,668 |
Total intangible assets |  | $ | 205,865 |  |  | $ | (69,696) |  |  |  |  | $ | 1,603 |  |  | $ | 137,772 |
February 29, 2020 |  |  |  |  |  |  |  |  |  |
Definite-lived intangible assets: |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 120,239 |  |  | $ | (33,121) |  |  |  |  | $ | (592) |  |  | $ | 86,526 |
Other intangibles |  | 41,069 |  |  | (32,516) |  |  |  |  | (189) |  |  | 8,364 |
Total definite-lived intangible assets |  | 161,308 |  |  | (65,637) |  |  |  |  | (781) |  |  | 94,890 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |
Trademarks |  | 45,421 |  |  | — |  |  |  |  | (120) |  |  | 45,301 |
Total intangible assets |  | $ | 206,729 |  |  | $ | (65,637) |  |  |  |  | $ | (901) |  |  | $ | 140,191 |
Amortization expense on definite-lived intangible assets was $3.7 million and $3.8 million for the six-month periods ended August 29, 2020 and August 31, 2019, respectively. Amortization expense of other identifiable intangible assets is included in selling, general and administrative expenses. At August 29, 2020, the estimated future amortization expense for definite-lived intangible assets was:
(In thousands) |  | Remainder of Fiscal 2021 |  | Fiscal 2022 |  | Fiscal 2023 |  | Fiscal 2024 |  | Fiscal 2025
Estimated amortization expense |  | $ | 3,950 |  |  | $ | 7,897 |  |  | $ | 7,806 |  |  | $ | 7,040 |  |  | $ | 7,176 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration