Segment Information

12 Months Ended

Feb. 28, 2015

Segment Reporting [Abstract]

Business Segment Data

Business Segment Data

The Company has four reporting segments: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical (LSO). The Architectural Glass segment fabricates glass used in customized window and wall systems comprising the outside skin of commercial and institutional buildings. The Architectural Services segment designs, engineers, fabricates and installs the walls of glass, and windows and other curtainwall products making up the outside skin of commercial and institutional buildings for new construction and renovation. The Architectural Framing Systems segment designs, engineers, fabricates and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront and entrance systems comprising the outside skin and entrances of commercial and institutional buildings. The Company has aggregated four operating segments into the Architectural Framing Systems reporting segment based upon their similar products, customers, distribution methods, production processes and economic characteristics. The LSO segment manufactures value-added glass and acrylic products for the custom picture framing market.

The following table presents certain data for the Company's four reporting segments, and consolidated data, for fiscal 2015, 2014 and 2013.

(In thousands)	2015			2014			2013
Net Sales
Architectural glass	$	346,471		$	293,810		$	266,456
Architectural services	230,650			203,351			186,570
Architectural framing systems	298,395			216,059			191,137
Large-scale optical	87,693			81,127			79,947
Intersegment elimination	(29,273		)	(22,902		)	(23,886		)
Total	$	933,936		$	771,445		$	700,224
Operating Income (Loss)
Architectural glass	$	16,431		$	3,861		$	(4,391	)
Architectural services	7,442			4,479			(1,008		)
Architectural framing systems	21,808			14,930			14,584
Large-scale optical	21,954			21,252			20,993
Corporate and other	(4,050		)	(4,237		)	(2,759		)
Total	$	63,585		$	40,285		$	27,419
Depreciation and Amortization
Architectural glass	$	12,897		$	11,624		$	12,230
Architectural services	1,375			1,421			844
Architectural framing systems	8,001			6,436			6,477
Large-scale optical	4,817			4,861			4,634
Corporate and other	2,333			2,208			2,344
Total	$	29,423		$	26,550		$	26,529
Capital Expenditures
Architectural glass	$	12,307		$	31,568		$	17,373
Architectural services	595			1,195			3,939
Architectural framing systems	9,238			7,008			8,151
Large-scale optical	3,500			546			2,792
Corporate and other	1,580			1,535			2,409
Total	$	27,220		$	41,852		$	34,664
Identifiable Assets(1)
Architectural glass	$	223,525		$	209,102		$	183,794
Architectural services	68,930			66,567			54,696
Architectural framing systems	190,106			186,520			113,943
Large-scale optical	60,356			58,102			59,348
Corporate and other	69,140			49,704			112,998
Total	$	612,057		$	569,995		$	524,779

(1) During the fourth quarter of fiscal 2015, the Company changed its method of accounting for those inventories which were accounted for under the LIFO method to the FIFO method. See Note 1 for discussion of this accounting change and its related impact.

Due to the varying combinations and integration of individual window, storefront and curtainwall systems, the Company has determined that it is impractical to report product revenues generated by class of product, beyond the segment revenues currently reported.

The following table presents net sales, based on the location in which the sale originated, and long-lived assets, representing property, plant and equipment, net of related depreciation, by geographic region.

(In thousands)	2015		2014		2013
Net Sales
United States	$	847,887	$	718,881	$	668,243
Canada	50,807		15,850		—
Brazil	35,242		36,714		31,981
Total	$	933,936	$	771,445	$	700,224
Long-Lived Assets
United States	$	178,048	$	177,378	$	160,337
Canada	8,214		9,031		—
Brazil	7,278		7,537		8,611
Total	$	193,540	$	193,946	$	168,948

Apogee's export net sales from U.S. operations of $72.7 million for fiscal 2015 were approximately 8 percent of consolidated net sales; export net sales of $52.5 million for fiscal 2014 were approximately 7 percent of consolidated net sales; and export sales of $63.5 million for fiscal 2013 were approximately 9 percent of consolidated net sales. All sales from Canada and Brazil were to customers outside the United States, and are subject to changes in the value of foreign currencies in relation to our reporting currency, the U.S. dollar. No single customer, including government agencies, accounts for 10 percent or more of consolidated net sales.

Segment operating income is equal to net sales less cost of sales and operating expenses. Operating income does not include provision for interest expense or income taxes. Corporate and other includes miscellaneous corporate activity not allocable to business segments.

Included in the identifiable assets for Corporate and other are the short- and long-term available-for-sale securities at Prism of $11.0 million in fiscal 2015 and $11.5 million in fiscal 2014. Also included are short- and long-term restricted investments at corporate of $2.5 million in fiscal 2014.