Business Segment Data

12 Months Ended

Feb. 27, 2021

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)	2022		2021		2020
Net Sales
Architectural Framing Systems	$	596,608	$	570,850	$	686,596
Architectural Glass	309,241		330,256		387,191
Architectural Services	349,386		295,807		269,140
Large-Scale Optical	101,673		70,050		87,911
Intersegment elimination	(42,931)		(36,189)		(43,399)
Total	$	1,313,977	$	1,230,774	$	1,387,439
Operating (Loss) Income
Architectural Framing Systems	$	(16,726)	$	(44,761)	$	36,110
Architectural Glass	1,785		18,678		20,760
Architectural Services	32,743		31,182		23,582
Large-Scale Optical	23,618		31,203		22,642
Corporate and other	(19,375)		(10,775)		(15,246)
Total	$	22,045	$	25,527	$	87,848
Depreciation and Amortization
Architectural Framing Systems	$	26,434	$	27,298	$	25,432
Architectural Glass	14,564		15,102		13,570
Architectural Services	1,422		1,430		1,305
Large-Scale Optical	3,185		3,338		3,256
Corporate and other	4,388		4,272		3,232
Total	$	49,993	$	51,440	$	46,795
Capital Expenditures
Architectural Framing Systems	$	8,101	$	9,907	$	22,744
Architectural Glass	5,865		9,574		19,862
Architectural Services	2,692		1,480		1,749
Large-Scale Optical	2,250		869		3,153
Corporate and other	2,933		4,335		3,920
Total	$	21,841	$	26,165	$	51,428

(In thousands)	2022		2021		2020
Identifiable Assets
Architectural Framing Systems	$	466,141	$	511,608	$	604,870
Architectural Glass	225,362		271,520		291,104
Architectural Services	61,991		79,465		107,538
Large-Scale Optical	56,926		64,474		62,831
Corporate and other	77,443		88,032		62,648
Total	$	887,863	$	1,015,099	$	1,128,991

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. Architectural Framing Systems segment results include $49.5 million and $70.1 million of impairment charges and $1.7 million and $5.3 million of restructuring charges in fiscal 2022 and fiscal 2021, respectively. Architectural Glass segment results include $27.1 million and $0.3 million of restructuring charges in fiscal 2022 and fiscal 2021, respectively. Corporate and other includes miscellaneous corporate activity, including certain legal, consulting and advisory costs and certain employee benefit costs not allocable to our segments, as well as $1.7 million and $0.2 million of restructuring charges in fiscal 2022 and fiscal 2021, respectively. Corporate and other also includes $16.7 million in fiscal 2020, 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)	2022		2021		2020
Net Sales
United States	$	1,194,141	$	1,115,872	$	1,254,311
Canada	102,027		102,721		120,498
Brazil	17,809		12,181		12,630
Total	$	1,313,977	$	1,230,774	$	1,387,439
Long-Lived Assets
United States	$	239,264	$	285,007	$	307,782
Canada	7,742		9,707		11,130
Brazil	2,989		3,729		5,474
Total	$	249,995	$	298,443	$	324,386

Apogee's export net sales from U.S. operations were $59.5 million, $33.1 million, and $54.7 million in fiscal 2022, 2021, and 2020, respectively, representing approximately 5 percent of consolidated net sales in each of these fiscal years.