Business Segment Data

12 Months Ended

Feb. 29, 2020

Segment Reporting [Abstract]

Business Segment Data

Business Segment Data

We have four reporting segments:

•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, institutional and high-end multi-family residential buildings.

•The Architectural Glass segment fabricates coated, high-performance glass used globally in customized window and wall systems comprising the outside skin of commercial, institutional and high-end multi-family residential buildings.

•The Architectural Services segment provides full-service installation of the walls of glass, windows and other curtainwall products making up the outside skin of commercial and institutional buildings.

•The Large-Scale Optical Technologies (LSO) segment manufactures value-added glass and acrylic products for framing and display applications.

(In thousands)	2021		2020		2019
Net Sales
Architectural Framing Systems	$	570,850	$	686,596	$	720,829
Architectural Glass	330,256		387,191		367,203
Architectural Services	295,807		269,140		286,314
Large-Scale Optical	70,050		87,911		88,493
Intersegment elimination	(36,189)		(43,399)		(60,202)
Total	$	1,230,774	$	1,387,439	$	1,402,637
Operating (Loss) Income
Architectural Framing Systems	$	(44,761)	$	36,110	$	49,660
Architectural Glass	18,678		20,760		16,503
Architectural Services	31,182		23,582		30,509
Large-Scale Optical	31,203		22,642		23,003
Corporate and other	(10,775)		(15,246)		(52,391)
Total	$	25,527	$	87,848	$	67,284
Depreciation and Amortization
Architectural Framing Systems	$	27,298	$	25,432	$	28,937
Architectural Glass	15,102		13,570		13,009
Architectural Services	1,430		1,305		1,234
Large-Scale Optical	3,338		3,256		3,692
Corporate and other	4,272		3,232		2,926
Total	$	51,440	$	46,795	$	49,798

(In thousands)	2021		2020		2019
Capital Expenditures
Architectural Framing Systems	$	9,907	$	22,744	$	19,098
Architectural Glass	9,574		19,862		27,722
Architectural Services	1,480		1,749		1,433
Large-Scale Optical	869		3,153		6,989
Corporate and other	4,335		3,920		5,475
Total	$	26,165	$	51,428	$	60,717
Identifiable Assets
Architectural Framing Systems	$	511,608	$	604,870	$	617,001
Architectural Glass	271,520		291,104		281,817
Architectural Services	79,465		107,538		59,227
Large-Scale Optical	64,474		62,831		61,031
Corporate and other	88,032		62,648		49,092
Total	$	1,015,099	$	1,128,991	$	1,068,168

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.

Segment operating income is equal to net sales less cost of sales and operating expenses. Operating income does not include interest expense or a provision for income taxes. Corporate and other includes miscellaneous corporate activity, including certain legal, consulting and advisory costs not allocable to our segments. Corporate and other also includes $16.7 million in fiscal 2020 and $40.9 million in fiscal 2019, of project-related charges on acquired contracts, as well as $15.0 million of insurance proceeds related to a project matter in fiscal 2020. Identifiable assets for Corporate and other include all short- and long-term available-for-sale securities.

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)	2021		2020		2019
Net Sales
United States	$	1,115,872	$	1,254,311	$	1,259,319
Canada	102,721		120,498		128,735
Brazil	12,181		12,630		14,583
Total	$	1,230,774	$	1,387,439	$	1,402,637
Long-Lived Assets
United States	$	285,007	$	307,782	$	297,072
Canada	9,707		11,130		12,563
Brazil	3,729		5,474		6,188
Total	$	298,443	$	324,386	$	315,823

Apogee's export net sales from U.S. operations were $33.1 million, $54.7 million, and $56.3 million in fiscal 2021, 2020, and 2019, respectively, representing approximately 3 percent of consolidated net sales in each of these fiscal years.