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Restructuring and Related Activities | 6 Months Ended
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Aug. 28, 2021
Restructuring and Related Activities [Abstract] |
Restructuring and Related Activities Disclosure | On August 11, 2021, we announced plans to realign and simplify our business structure. During the second quarter of fiscal 2022, we incurred $20.8 million of pre-tax costs associated with the execution of these plans, of which $18.5 million is included within cost of sales and $2.3 million is included within selling, general and administrative expenses within our consolidated statements of operations. Costs primarily related to asset impairment charges due to the closure of two facilities within the Architectural Glass segment, in Dallas, Texas and Statesboro, Georgia in order to build focus within this segment on premium, high-performance products. Additionally, employee termination costs were incurred related to these facility closures, realignment of the Architectural Framing Systems segment, and within the Corporate office. We expect future pre-tax costs associated with the ongoing execution of these plans to be approximately $5 million, which will be incurred by the end of our fiscal year 2022.
|  | Three months ended August 28, 2021
(In thousands) |  | Architectural Framing |  | Architectural Glass |  | Corporate and other |  | Total
Asset impairment charges |  | $ | 85 |  |  | $ | 15,318 |  |  | $ | — |  |  | $ | 15,403 |
Termination benefits |  | 1,824 |  |  | 1,577 |  |  | 939 |  |  | 4,340 |
Other restructuring charges |  | 139 |  |  | 496 |  |  | 436 |  |  | 1,071 |
Total restructuring charges |  | $ | 2,048 |  |  | $ | 17,391 |  |  | $ | 1,375 |  |  | $ | 20,814 |
The following table summarizes our restructuring related accrual balances included within accrued payroll and related costs and other current liabilities in the consolidated balance sheets. All balances are expected to be paid within the fiscal year.
(In thousands) |  | Architectural Framing |  | Architectural Glass |  | Corporate and other |  | Total
Balance at March 1, 2020 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Restructuring expense |  | 4,020 |  |  | 325 |  |  | 229 |  |  | 4,574 |
Payments |  | (1,148) |  |  | (95) |  |  | (68) |  |  | (1,311) |
Balance at February 27, 2021 |  | 2,872 |  |  | 230 |  |  | 161 |  |  | 3,263 |
Restructuring expense |  | 1,963 |  |  | 2,073 |  |  | 1,375 |  |  | 5,411 |
Payments |  | (2,384) |  |  | (205) |  |  | (100) |  |  | (2,689) |
Other adjustments |  | (98) |  |  | — |  |  | — |  |  | (98) |
Balance at August 28, 2021 |  | $ | 2,353 |  |  | $ | 2,098 |  |  | $ | 1,436 |  |  | $ | 5,887 |

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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