Goodwill and Other Identifiable Intangible Assets

9 Months Ended

Nov. 29, 2014

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 nine months ended November 29, 2014 is detailed below.



(In thousands)	Architectural Glass			Architectural Services		Architectural Framing Systems			Large-Scale Optical		Total
Balance at March 2, 2013	$	27,002		$	1,120	$	22,663		$	10,557	$	61,342
Goodwill acquired	—			—		18,254			—		18,254
Foreign currency translation	(374		)	—		(1,201		)	—		(1,575		)
Balance at March 1, 2014	26,628			1,120		39,716			10,557		78,021
Foreign currency translation	(90		)	—		(402		)	—		(492		)
Balance at November 29, 2014	$	26,538		$	1,120	$	39,314		$	10,557	$	77,529

The following table provides the gross carrying amount of other intangible assets and related accumulated amortization:



	November 29, 2014
(In thousands)	Gross Carrying Amount		Accumulated Amortization			Foreign Currency Translation			Net
Definite-lived intangible assets:
Debt issue costs	$	3,457	$	(2,512	)	$	—		$	945
Non-compete agreements	6,689		(6,334		)	(2		)	353
Customer relationships	25,677		(11,604		)	(298		)	13,775
Trademarks and other intangibles	8,275		(2,818		)	(54		)	5,403
Total definite-lived intangible assets	$	44,098	$	(23,268	)	$	(354	)	$	20,476
Indefinite-lived intangible assets:
Trademarks	4,768		—			(112		)	4,656
Total intangible assets	$	48,866	$	(23,268	)	$	(466	)	$	25,132



	March 1, 2014
(In thousands)	Gross Carrying Amount		Accumulated Amortization			Foreign Currency Translation			Net
Definite-lived intangible assets:
Debt issue costs	$	3,453	$	(2,370	)	$	—		$	1,083
Non-compete agreements	6,767		(6,266		)	(35		)	466
Customer relationships	26,862		(10,673		)	(1,077		)	15,112
Trademarks and other intangibles	8,566		(2,546		)	(251		)	5,769
Total definite-lived intangible assets	$	45,648	$	(21,855	)	$	(1,363	)	$	22,430
Indefinite-lived intangible assets:
Trademarks	5,104		—			(336		)	4,768
Total intangible assets	$	50,752	$	(21,855	)	$	(1,699	)	$	27,198

Amortization expense on the definite-lived intangible assets was $1.6 million and $1.3 million for the nine-month periods ended November 29, 2014 and November 30, 2013, respectively. 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 November 29, 2014, the estimated future amortization expense for definite-lived intangible assets for the remainder of fiscal 2015 and all of the following four fiscal years is as follows:



(In thousands)	Remainder of Fiscal 2015		Fiscal 2016		Fiscal 2017		Fiscal 2018		Fiscal 2019
Estimated amortization expense	$	470	$	1,732	$	1,648	$	1,617	$	1,526

- 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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