Restructuring and Related Activities

3 Months Ended

May 27, 2023

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure

During the second quarter of fiscal 2022, we announced plans to realign and simplify our business structure. The execution of these plans was completed during the first quarter of fiscal 2023, with the sale of the remaining manufacturing assets at our Architectural Glass location, in Dallas, Texas, for $4.1 million. The remaining assets had a carrying value of $3.4 million, and we recognized a gain on the sale of approximately $0.6 million, net of associated transaction costs, which is included as a reduction of cost of sales within our consolidated statements of operations for the prior-year period.

The following table summarizes our restructuring related accrual balances included within accrued payroll and related costs and other current liabilities in the consolidated balance sheets. All balances have been paid as of the end of the first quarter of fiscal 2024.

(In thousands)	Architectural Framing		Architectural Glass		Corporate & Other		Total
Balance at February 26, 2022	$	440	$	737	$	228	$	1,405
Payments	(124)		(378)		(68)		(570)
Other adjustments	(14)		(17)		—		(31)
Balance at May 28, 2022	302		342		160		804
Balance at February 25, 2023	$	62	$	23	$	—	$	85
Payments	(62)		(23)		—		(85)
Balance at May 27, 2023	$	—	$	—	$	—	$	—