Goodwill and Other Identifiable Intangible Assets

6 Months Ended

Aug. 29, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

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