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Restructuring
12 Months Ended
Feb. 28, 2026
Restructuring and Related Activities [Abstract]  
Restructuring Restructuring
During the fourth quarter of fiscal 2024, we announced strategic actions to streamline our business operations, enable a more efficient cost model, and better position the Company for profitable growth (referred to as “Project Fortify”). Project Fortify primarily impacted the Architectural Metals Segment and included:
Eliminating certain lower-margin product and service offerings, enabling consolidation into a single operating entity.
Transferring production operations from the Company’s facility in Walker, Michigan, to the Company’s facilities in Monett, Missouri and Wausau, Wisconsin.
Simplifying the segment’s brand portfolio and commercial model to improve flexibility, better leverage the Company’s capabilities, and enhance customer service.
Additionally, the Company implemented actions to optimize processes and streamline resources in its Architectural Services Segment and Corporate and Other. The Company completed Project Fortify during the fourth quarter of fiscal 2025 and incurred a total of $16.7 million of restructuring charges, of which $4.3 million was recognized in fiscal 2025 and $12.4 million in fiscal 2024. The fiscal 2025 charges consisted of $2.5 million recorded in cost of sales and $1.8 million recorded within SG&A, while the fiscal 2024 charges consisted of $5.5 million recorded in cost of sales and $6.9 million recorded within SG&A.
On April 23, 2025, we announced a second phase of Project Fortify to drive further cost efficiencies, primarily in the Architectural Metals and Architectural Services Segments. Phase 2 focused on further optimizing our operating footprint and aligning resources to enable a more effective operating model.
During fiscal 2026, we incurred $27.4 million of pre-tax costs associated with Phase 2, of which $14.6 million is included in cost of sales and $12.8 million is included within SG&A. Restructuring expenses for fiscal 2026 and fiscal 2024 include non‑cash impairment charges described in Note 1.
(In thousands)Architectural MetalsArchitectural ServicesArchitectural GlassCorporate & OtherTotal
February 28, 2026
Termination benefits $3,617 $5,779 $— $1,365 $10,761 
Contract termination costs2,042 3,782 — — 5,824 
Other restructuring charges913 5,825 — 4,120 10,858 
Total restructuring charges$6,572 $15,386 $— $5,485 $27,443 
March 1, 2025
Termination benefits928 (640)— 788 1,076 
Contract termination costs— — — — — 
Other restructuring charges3,096 151 — — 3,247 
Total restructuring charges$4,024 $(489)$— $788 $4,323 
March 2, 2024
Termination benefits3,348 2,475 — 56 5,879 
Contract termination costs$1,568 $49 $— $— $1,617 
Other restructuring charges$1,054 $$— $3,851 $4,907 
Total restructuring charges$5,970 $2,526 $— $3,907 $12,403 
The following table summarizes our restructuring related accrual balances included within accrued payroll and related benefits and other current liabilities on the Consolidated Balance Sheets. All remaining accrual balances are expected to be paid within fiscal 2027.
(In thousands)Architectural Metals Architectural ServicesArchitectural GlassCorporate and OtherTotal
Balance at March 2, 2024$2,814 $2,067 $— $56 $4,937 
Restructuring expense1,931 (812)— 778 1,897 
Payments(4,256)(605)— (323)(5,184)
Other adjustments797 — — — 797 
Balance at March 1, 2025$1,286 $650 $— $511 $2,447 
Restructuring expense4,920 5,111 — 1,369 11,400 
Payments(2,686)(3,450)— (798)(6,934)
Other adjustments61 — — — 61 
Balance at February 28, 2026$3,581 $2,311 $— $1,082 $6,974 
The amounts presented in the table above do not include items charged directly to expense as incurred, as those items are not reflected in accrued payroll and related benefits and other current liabilities on the Consolidated Balance Sheets.