Goodwill and Other Identifiable Intangible Assets

6 Months Ended

Aug. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Identifiable Intangible Assets

The carrying amount of goodwill attributable to each business segment as of the six months ended August 31, 2013 is detailed below.



(In thousands)	Architectural Glass			Architectural Services		Architectural Framing Systems		Large-Scale Optical		Total
Balance at March 3, 2012	$	27,277		$	1,120	$	22,663	$	10,557	$	61,617
Foreign currency translation	(275		)	—		—		—		(275		)
Balance at March 2, 2013	27,002			1,120		22,663		10,557		61,342
Foreign currency translation	(231		)	—		—		—		(231		)
Balance at August 31, 2013	$	26,771		$	1,120	$	22,663	$	10,557	$	61,111

The Company’s identifiable intangible assets with finite lives are being amortized over their estimated useful lives and were as follows:



	August 31, 2013
(In thousands)	Gross Carrying Amount		Accumulated Amortization			Foreign Currency Translation			Net
Debt issue costs	$	3,361	$	(2,274	)	$	—		$	1,087
Non-compete agreements	6,767		(6,189		)	(23		)	555
Customer relationships	15,314		(9,995		)	(200		)	5,119
Purchased intellectual property	7,996		(2,337		)	(156		)	5,503
Total	$	33,438	$	(20,795	)	$	(379	)	$	12,264



	March 2, 2013
(In thousands)	Gross Carrying Amount		Accumulated Amortization			Foreign Currency Translation			Net
Debt issue costs	$	3,556	$	(2,209	)	$	—		$	1,347
Non-compete agreements	6,824		(6,124		)	(38		)	662
Customer relationships	15,628		(9,541		)	(266		)	5,821
Purchased intellectual property	8,210		(2,169		)	(196		)	5,845
Total	$	34,218	$	(20,043	)	$	(500	)	$	13,675

Amortization expense on these identifiable intangible assets was $0.9 million and $1.3 million for six-month periods ended August 31, 2013 and September 1, 2012, respectively. In addition to the amortization expense noted above, in the first quarter of fiscal 2014, the Company expensed $0.2 million of debt issue costs that had previously been deferred and were being amortized over the term of the debt previously issued for future investment in the Company's Architectural Glass fabrication facility in Utah. The amortization expense associated with the debt issue costs is included in interest expense while the remainder is in selling, general and administrative expenses in the consolidated results of operations. At August 31, 2013, the estimated future amortization expense for identifiable intangible assets for the remainder of fiscal 2014 and all of the following four fiscal years is as follows:



(In thousands)	Remainder of Fiscal 2014		Fiscal 2015		Fiscal 2016		Fiscal 2017		Fiscal 2018
Estimated amortization expense	$	934	$	1,643	$	1,296	$	1,147	$	1,050

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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