Apogee Enterprises (APOG) 10-Q 7 Jan 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Nov. 28, 2015	Jan. 06, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	APOGEE ENTERPRISES, INC.
Entity Central Index Key	6,845
Document Type	10-Q
Document Period End Date	Nov. 28, 2015
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--02-27
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		28,884,251

Consolidated Balance Sheets (un

Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Nov. 28, 2015	Feb. 28, 2015
Current assets
Cash and cash equivalents	$ 30,713	$ 52,185
Short-term available for sale securities	60,653	327
Receivables, net of allowance for doubtful accounts	163,502	171,623
Inventories	64,034	61,408
Refundable income taxes	0	5,115
Deferred tax assets	933	1,359
Other current assets	8,677	6,958
Total current assets	328,512	298,975
Property, plant and equipment, net	194,145	193,540
Available-for-sale Securities, Debt Securities, Noncurrent	11,022	10,655
Goodwill	74,144	75,857
Intangible assets	20,398	23,280
Other assets	12,307	9,750
Total assets	640,528	612,057
Current liabilities
Accounts payable	59,688	56,516
Accrued payroll and related benefits	32,327	36,620
Accrued self-insurance reserves	5,463	8,058
Other current liabilities	27,952	25,557
Billings in excess of costs and earnings on uncompleted contracts	29,624	22,233
Current portion long-term debt	29	44
Accrued income taxes	3,996	0
Total current liabilities	159,079	149,028
Long-term debt	20,793	20,587
Unrecognized tax benefits	4,461	4,477
Long-term self-insurance reserves	7,785	6,185
Deferred tax liabilities	5,018	10,652
Other non-current liabilities	$ 37,282	$ 38,652
Commitments and contingent liabilities (Note 13)
Shareholders' equity
Common stock of $0.33-1/3 par value; authorized 50,000,000 shares; issued and outstanding 28,996,209 and 28,958,119, respectively	$ 9,703	$ 9,683
Additional paid-in capital	146,700	138,575
Retained earnings	281,329	256,538
Common stock held in trust	(828)	(801)
Deferred compensation obligations	828	801
Accumulated other comprehensive loss	(31,622)	(22,320)
Total shareholders’ equity	406,110	382,476
Total liabilities and shareholders' equity	$ 640,528	$ 612,057

Consolidated Balance Sheets (u3

Consolidated Balance Sheets (unaudited) (Parenthetical) - $ / shares	Nov. 28, 2015	Feb. 28, 2015
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.33	$ 0.33
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	29,108,251	29,049,531
Common stock, shares outstanding	29,108,251	29,049,531

Consolidated Results of Operati

Consolidated Results of Operations (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 28, 2015	Nov. 29, 2014	Nov. 28, 2015	Nov. 29, 2014
Income Statement [Abstract]
Net sales	$ 238,324	$ 244,410	$ 719,040	$ 687,238
Cost of sales	175,898	187,757	544,326	539,826
Gross profit	62,426	56,653	174,714	147,412
Selling, general and administrative expenses	34,568	36,028	106,209	103,474
Operating income	27,858	20,625	68,505	43,938
Interest income	258	243	762	706
Interest expense	159	357	477	774
Other income (expense), net	(75)	(16)	(120)	1,461
Earnings before income taxes	27,882	20,495	68,670	45,331
Income tax expense (benefit)	9,361	6,759	23,264	8,703
Net earnings	$ 18,521	$ 13,736	$ 45,406	$ 36,628
Earnings per share - basic
Net earnings	$ 0.64	$ 0.47	$ 1.56	$ 1.27
Earnings per share - diluted
Net earnings	$ 0.63	$ 0.47	$ 1.54	$ 1.25
Weighted average basic shares outstanding	29,181	28,725	29,137	28,759
Weighted average diluted shares outstanding	29,466	29,358	29,479	29,350

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Earnings (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 28, 2015	Nov. 29, 2014	Nov. 28, 2015	Nov. 29, 2014
Statement of Comprehensive Income [Abstract]
Net earnings	$ 18,521	$ 13,736	$ 45,406	$ 36,628
Other comprehensive earnings:
Unrealized gain (loss) on marketable securities, net of $16, $56, $70 and $(95) tax expense (benefit), respectively	18	30	(45)	129
Unrealized gain (loss) on foreign currency hedge, net of $-, $184, $(36) and $264 tax expense (benefit), respectively	0	0	0	(62)
Foreign currency translation adjustments	(4,106)	(4,583)	(9,257)	(2,016)
Other comprehensive earnings (loss)	(4,088)	(4,553)	(9,302)	(1,949)
Total comprehensive earnings	$ 14,433	$ 9,183	$ 36,104	$ 34,679

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Earnings (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Nov. 28, 2015	Nov. 29, 2014
Statement of Comprehensive Income [Abstract]
Tax expense (benefit) on marketable securities	$ 10	$ 16
Tax expense (benefit) on foreign currency hedge	$ 0	$ 0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Nov. 28, 2015	Nov. 29, 2014
Operating Activities
Net earnings	$ 45,406	$ 36,628
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization	23,336	21,558
Stock-based compensation	3,686	3,705
Deferred income taxes	(5,026)	(1,022)
Excess tax benefits from stock-based compensation	(4,990)	(2,524)
Gain on disposal of assets	(67)	(835)
Other, net	562	(6)
Changes in operating assets and liabilities:
Receivables	6,552	(20,697)
Inventories	(3,419)	(7,315)
Accounts payable and accrued expenses	1,296	3,041
Billings in excess of costs and earnings on uncompleted contracts	7,391	2,907
Refundable and accrued income taxes	13,159	3,551
Other, net	(1,719)	(1,911)
Net cash provided by (used in) operating activities	86,167	37,080
Investing Activities
Capital expenditures	(26,757)	(18,659)
Sales/maturities of restricted investments	0	2,067
Purchases of marketable securities	(64,551)	(6,016)
Sales/maturities of marketable securities	3,765	6,821
Investments in corporate-owned life insurance policies	(3,875)	(535)
Net cash provided by (used in) investing activities	(91,418)	(16,322)
Financing Activities
Proceeds from issuance of debt	350	1,904
Shares withheld for taxes, net of stock issued to employees	(3,267)	(3,615)
Excess tax benefits from stock-based compensation	4,990	2,524
Repurchase and retirement of common stock	(7,257)	(6,894)
Dividends paid	(9,632)	(8,875)
Net cash provided by (used in) financing activities	(14,816)	(14,956)
Decrease in cash and cash equivalents	(20,067)	5,802
Effect of exchange rates on cash	(1,405)	(200)
Cash and cash equivalents at beginning of year	52,185	28,465
Cash and cash equivalents at end of period	30,713	34,067
Noncash Activity
Capital expenditures in accounts payable	$ 371	$ 855

Consolidated Statement of Share

Consolidated Statement of Shareholders Equity Statement - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Common Stock Held In Trust [Member]	Deferred Compensation Obligation [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Shares, Outstanding at Mar. 01, 2014		28,958,000
Stockholders' Equity Attributable to Parent at Mar. 01, 2014		$ 9,653	$ 130,570	$ 228,841	$ (791)	$ 791	$ (12,960)
Net earnings	$ 36,628			36,628
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	129						129
Change in Unrealized Gain (Loss) on Foreign Currency Fair Value Hedging Instruments							(62)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	(62)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent						0	(2,016)
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures		302,000
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures		$ 101	(39)		(13)	13
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition			3,705
Adjustment to Additional Paid in Capital, Income Tax Effect from Share-based Compensation, Net			2,569
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period		76,000
Stock Issued During Period, Value, Stock Options Exercised		$ 25	751
Stock Redeemed or Called During Period, Shares		(203,000)
Stock Redeemed or Called During Period, Value		$ (68)	(965)	(5,861)
Stock Repurchased and Retired During Period, Shares		(137,000)
Stock Repurchased and Retired During Period, Value		$ (46)	(176)	(4,231)
Dividends, Common Stock, Cash				(8,875)
Shares, Outstanding at Nov. 29, 2014		28,996,000
Stockholders' Equity Attributable to Parent at Nov. 29, 2014		$ 9,665	136,415	246,502	(804)	804	(14,909)
Shares, Outstanding at Feb. 28, 2015		29,050,000
Stockholders' Equity Attributable to Parent at Feb. 28, 2015	382,476	$ 9,683	138,575	256,538	(801)	801	(22,320)
Net earnings	45,406			45,406
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	(45)						(45)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	$ 0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent						0	(9,257)
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures		101,000
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures		$ 34	124		(27)	27
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition			3,686
Adjustment to Additional Paid in Capital, Income Tax Effect from Share-based Compensation, Net			4,037
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	(220,381)	200,000
Stock Issued During Period, Value, Stock Options Exercised		$ 67	1,539
Stock Redeemed or Called During Period, Shares		150,000
Stock Redeemed or Called During Period, Value		$ 50	784	6,424	0	0	0
Stock Repurchased and Retired During Period, Shares		(93,000)
Stock Repurchased and Retired During Period, Value		$ (31)	(477)	(4,559)
Dividends, Common Stock, Cash				(9,632)
Shares, Outstanding at Nov. 28, 2015		29,108,000
Stockholders' Equity Attributable to Parent at Nov. 28, 2015	$ 406,110	$ 9,703	$ 146,700	$ 281,329	$ (828)	$ 828	$ (31,622)

Basis of Presentation

Basis of Presentation	9 Months Ended
	Nov. 28, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements of Apogee Enterprises, Inc. (we, us, our or the Company) have been prepared in accordance with accounting principles generally accepted in the United States. The information included in this Form 10-Q should be read in conjunction with the Company’s Form 10-K for the year ended February 28, 2015 . We use the same accounting policies in preparing quarterly and annual financial statements. All adjustments necessary for a fair presentation of quarterly operating results are reflected herein and are of a normal, recurring nature. The results of operations for the nine -month period ended November 28, 2015 are not necessarily indicative of the results to be expected for the full year. In connection with preparing the unaudited consolidated financial statements for the nine months ended November 28, 2015 , we have evaluated subsequent events for potential recognition and disclosure through the date of this filing and determined there were no items to recognize or disclose.

New Accounting Standards

New Accounting Standards	9 Months Ended
	Nov. 28, 2015
Accounting Changes and Error Corrections [Abstract]
New Accounting Standards	New Accounting Standards In November 2015, the FASB issued ASU 2015-17, Balance Sheet Classification of Deferred Taxes , which requires that all deferred tax assets and liabilities, along with any related valuation allowance, be classified as noncurrent on the balance sheet. The new standard is effective for fiscal years beginning after December 15, 2016 and may be applied prospectively or retrospectively. Early adoption is permitted. We are currently evaluating the impact that this standard will have on our financial statements. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers , which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance. The core principle of the revenue model is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In July 2015, the effective date for implementation was extended to annual reporting periods beginning after December 15, 2017, our fiscal 2019. We are currently evaluating the impact that this standard will have on our financial statements. We do not expect that any other recently issued accounting pronouncements will have a significant effect on our financial statements.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Nov. 28, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Share-Based Compensation Total share-based compensation expense included in the results of operations was $3.7 million in each of the nine -month periods ended November 28, 2015 and November 29, 2014 , respectively. Stock Options and SARs There were no stock options or SARs issued in the first nine months of either fiscal 2016 or 2015 . The following table summarizes the award transactions for the nine months ended November 28, 2015 : Stock Options/SARs Outstanding Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life Aggregate Intrinsic Value Outstanding at February 28, 2015 624,095 $ 11.92 Awards exercised (220,381 ) 12.10 Awards canceled — — Outstanding and exercisable at November 28, 2015 403,714 $ 11.81 4.8 Years $ 15,908,645 Cash proceeds from the exercise of stock options were $1.6 million and $0.8 million for the nine months ended November 28, 2015 and November 29, 2014 , respectively. The aggregate intrinsic value of securities (the amount by which the stock price on the date of exercise exceeded the stock price of the award on the date of grant) exercised was $7.5 million during the nine months ended November 28, 2015 and $2.1 million during the prior-year period. Nonvested Shares and Share Units The following table summarizes the nonvested share award transactions, including nonvested share units, for the nine months ended November 28, 2015 : Nonvested Shares and Units Number of Shares and Units Weighted Average Grant Date Fair Value Nonvested at February 28, 2015 400,708 $ 23.49 Granted 109,024 53.94 Vested (234,207 ) 21.26 Canceled (4,357 ) 35.69 Nonvested at November 28, 2015 271,168 $ 37.46 At November 28, 2015 , there was $7.2 million of total unrecognized compensation cost related to nonvested share and nonvested share unit awards, which is expected to be recognized over a weighted average period of approximately 22 months. The total fair value of shares vested during the nine months ended November 28, 2015 was $12.1 million .

Earnings per Share

Earnings per Share	9 Months Ended
	Nov. 28, 2015
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table presents a reconciliation of the denominators used in the computation of basic and diluted earnings per share: Three Months Ended Nine Months Ended (In thousands, except per share data) November 28, November 29, November 28, November 29, Basic earnings per share – weighted average common shares outstanding 29,181 28,725 29,137 28,759 Weighted average effect of nonvested share grants and assumed exercise of stock options 285 633 342 591 Diluted earnings per share – weighted average common shares and potential common shares outstanding 29,466 29,358 29,479 29,350 Earnings per share – basic $ 0.64 $ 0.47 $ 1.56 $ 1.27 Earnings per share – diluted 0.63 0.47 1.54 1.25 There were no anti-dilutive stock options excluded from the calculation of earnings per share for any of the periods presented, as the average market price exceeded the exercise price of options outstanding.

Inventories

Inventories	9 Months Ended
	Nov. 28, 2015
Inventory Disclosure [Abstract]
Inventories	Inventories (In thousands) November 28, February 28, Raw materials $ 20,748 $ 19,761 Work-in-process 13,279 14,385 Finished goods 24,663 23,076 Costs and earnings in excess of billings on uncompleted contracts 5,344 4,186 Total inventories $ 64,034 $ 61,408

Marketable Securities

Marketable Securities	9 Months Ended
	Nov. 28, 2015
Marketable Securities [Abstract]
Marketable Securities	Marketable Securities Marketable securities available for sale at November 28, 2015 and February 28, 2015 , were as follows: (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value November 28, 2015 Mutual fund $ 30,107 $ — $ (56 ) $ 30,051 Municipal bonds 11,111 123 (127 ) 11,107 Commercial paper 30,517 — — 30,517 Total marketable securities $ 71,735 $ 123 $ (183 ) $ 71,675 February 28, 2015 Municipal bonds $ 10,973 $ 127 $ (118 ) $ 10,982 Total marketable securities $ 10,973 $ 127 $ (118 ) $ 10,982 As of November 28, 2015 , available for sale securities with a fair value of $1.2 million have been in a continuous unrealized loss position for more than 12 months, with unrea lized losses of $0.1 million . In the current year, the Company invested in commercial paper and a mutual fund holding short-term government securities as a means of deploying excess cash generated from operations while preserving liquidity. The Company’s wholly-owned insurance subsidiary, Prism Assurance, Ltd. (Prism), holds our municipal bonds. Prism insures a portion of the Company’s workers compensation, general liability and automobile liability risks using reinsurance agreements to meet statutory requirements. The reinsurance carrier requires Prism to maintain fixed-maturity investments, which are generally high-quality municipal bonds, for the purpose of providing collateral for Prism’s obligations under the reinsurance agreement. The Company tests for other-than-temporary losses on a quarterly basis and considers the unrealized losses indicated above to be temporary in nature. The Company intends to hold the investments until it can recover the full principal amount, and has the ability to do so based on other sources of liquidity. The Company expects such recoveries to occur prior to the contractual maturities. The amortized cost and estimated fair values of municipal bonds and commercial paper at November 28, 2015 , by contractual maturity, are shown below. Expected maturities may differ from contractual maturities, as borrowers may have the right to call or prepay obligations with or without penalty. (In thousands) Amortized Cost Estimated Fair Value Due within one year $ 30,601 $ 30,602 Due after one year through five years 2,948 2,966 Due after five years through 10 years 6,829 6,922 Due after 10 years through 15 years 1,250 1,134 Total $ 41,628 $ 41,624 Gross realized gains and losses were not significant during the first nine months of fiscal 2016 and were $0.1 million during the first nine months of fiscal 2015 .

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Nov. 28, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Financial assets and liabilities are classified in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement: Level 1 (unadjusted quoted prices in active markets for identical assets or liabilities); Level 2 (observable market inputs, other than quoted prices included in Level 1); and Level 3 (unobservable inputs that cannot be corroborated by observable market data). The Company does not have any Level 3 assets or liabilities. Financial assets measured at fair value on a recurring basis as of November 28, 2015 and February 28, 2015 , are summarized below: (In thousands) Quoted Prices in Active Markets (Level 1) Other Observable Inputs (Level 2) Total Fair Value November 28, 2015 Cash equivalents Money market funds $ 18,393 $ — $ 18,393 Short-term securities Mutual fund $ 30,051 $ — $ 30,051 Commercial paper — 30,517 30,517 Municipal bonds — 85 85 Total short-term securities $ 30,051 $ 30,602 $ 60,653 Long-term securities Municipal bonds $ — $ 11,022 $ 11,022 Total assets at fair value $ 48,444 $ 41,624 $ 90,068 February 28, 2015 Cash equivalents Money market funds $ 34,386 $ — $ 34,386 Short-term securities Municipal bonds — 327 327 Long-term securities Mutual funds 305 — 305 Municipal bonds — 10,655 10,655 Total assets at fair value $ 34,691 $ 10,982 $ 45,673 The following methods were used to estimate the fair value of each class of financial instrument: Cash equivalents Cash equivalents consisted of highly liquid investments with an original maturity of three months or less. Fair value was determined based on quoted prices for identical assets in active markets. Short- and long-term securities Mutual funds were measured at fair value based on quoted prices in active markets. Commercial paper was measured using inputs based on quoted prices for similar instruments in active markets. Municipal bonds were measured at fair value based on market prices from recent trades of similar securities and are classified as short-term or long-term based on maturity date.

Goodwill and Other Identifiable

Goodwill and Other Identifiable Intangible Assets	9 Months Ended
	Nov. 28, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Identifiable Intangible Assets	Goodwill and Other Identifiable Intangible Assets The carrying amount of goodwill attributable to each business segment is below: (In thousands) Architectural Glass Architectural Services Architectural Framing Systems Large-Scale Optical Total Balance at March 1, 2014 $ 26,628 $ 1,120 $ 39,716 $ 10,557 $ 78,021 Foreign currency translation (273 ) — (1,891 ) — (2,164 ) Balance at February 28, 2015 26,355 1,120 37,825 10,557 75,857 Foreign currency translation (716 ) — (997 ) — (1,713 ) Balance at November 28, 2015 $ 25,639 $ 1,120 $ 36,828 $ 10,557 $ 74,144 The following tables provide the gross carrying amount of other intangible assets and related accumulated amortization: November 28, 2015 (In thousands) Gross Carrying Amount Accumulated Amortization Foreign Currency Translation Net Definite-lived intangible assets: Debt issue costs $ 3,677 $ (2,708 ) $ — $ 969 Non-compete agreements 6,673 (6,399 ) (15 ) 259 Customer relationships 24,174 (12,500 ) (1,078 ) 10,596 Trademarks and other intangibles 8,213 (3,168 ) (431 ) 4,614 Total definite-lived intangible assets $ 42,737 $ (24,775 ) $ (1,524 ) $ 16,438 Indefinite-lived intangible assets: Trademarks 4,239 — (279 ) 3,960 Total intangible assets $ 46,976 $ (24,775 ) $ (1,803 ) $ 20,398 February 28, 2015 (In thousands) Gross Carrying Amount Accumulated Amortization Foreign Currency Translation Net Definite-lived intangible assets: Debt issue costs $ 3,668 $ (2,560 ) $ — $ 1,108 Non-compete agreements 6,690 (6,364 ) (10 ) 316 Customer relationships 25,677 (11,932 ) (1,315 ) 12,430 Trademarks and other intangibles 8,275 (2,920 ) (168 ) 5,187 Total definite-lived intangible assets $ 44,310 $ (23,776 ) $ (1,493 ) $ 19,041 Indefinite-lived intangible assets: Trademarks 4,768 — (529 ) 4,239 Total intangible assets $ 49,078 $ (23,776 ) $ (2,022 ) $ 23,280 Amortization expense on the definite-lived intangible assets was $1.1 million and $1.6 million for the nine -month periods ended November 28, 2015 and November 29, 2014 , respectively. The amortization expense associated with the debt issue costs is included in interest expense, while the remainder is in selling, general and administrative expenses in the consolidated results of operations. At November 28, 2015 , the estimated future amortization expense for definite-lived intangible assets is as follows: (In thousands) Remainder of Fiscal 2016 Fiscal 2017 Fiscal 2018 Fiscal 2019 Fiscal 2020 Estimated amortization expense $ 383 $ 1,538 $ 1,523 $ 1,505 $ 1,152

Debt

Debt	9 Months Ended
	Nov. 28, 2015
Debt Disclosure [Abstract]
Debt	Debt Debt at November 28, 2015 consists of $20.4 million of industrial revenue bonds, $0.3 million on a Canadian revolving demand facility and $0.1 million of other debt. The industrial revenue bonds mature in fiscal years 2021 through 2043 and the other debt matures in fiscal years 2016 through 2021. The fair value of the industrial revenue bonds and revolving credit facility borrowings approximates carrying value at November 28, 2015 , due to the variable interest rates on these instruments. The bonds are classified as Level 2 within the fair value hierarchy described in Note 7. We maintain a $4.0 million (CAD) revolving demand facility available to our Canadian operation. Borrowings under this facility are made available at the sole discretion of the lender and are payable on demand, with interest at rates specified in the demand facility. The Company classifies any outstanding balances under this demand facility as long-term debt, as outstanding amounts can be refinanced through our committed revolving credit facility described below. As of November 28, 2015 , $0.3 million was outstanding under the demand facility. No borrowings were outstanding under the demand facility as of February 28, 2015 . We also maintain a $125.0 million committed revolving credit facility that expires in December 2019 . No borrowings were outstanding under this facility as of November 28, 2015 or February 28, 2015 . This committed revolving credit facility requires the Company to maintain a debt-to-EBITDA ratio of not more than 3.00 . This ratio is computed quarterly, with EBITDA computed on a rolling four-quarter basis. The Company’s ratio was 0.17 at November 28, 2015 . The credit facility also requires the Company to maintain a defined minimum level of net worth, based on certain quarterly financial calculations. The minimum required net worth computed in accordance with the credit facility at November 28, 2015 was $347.6 million , whereas the Company’s net worth as defined in the credit facility was $406.1 million . If the Company is not in compliance with either of these covenants, the lenders may terminate the commitment and/or declare any loan then outstanding to be immediately due and payable. At November 28, 2015 , the Company was in compliance with the financial covenants of the committed revolving credit facility. Interest payments were $0.4 million and $0.6 million for the nine months ended November 28, 2015 and November 29, 2014 , respectively, and primarily relate to fees associated with our revolving credit facility.

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Nov. 28, 2015
Compensation and Retirement Disclosure [Abstract]
Employee Benefit Plans	Employee Benefit Plans The Company sponsors an unfunded Officers’ Supplemental Executive Retirement Plan for the benefit of certain current and former executives and a defined-benefit pension plan (the Tubelite, Inc. Hourly Employees’ Pension Plan). Components of net periodic benefit cost are as follows: Three Months Ended Nine Months Ended (In thousands) November 28, November 29, November 28, November 29, Interest cost $ 142 $ 138 $ 426 $ 414 Expected return on assets (34 ) (43 ) (102 ) (129 ) Amortization of unrecognized net loss 62 44 186 132 Net periodic benefit cost $ 170 $ 139 $ 510 $ 417

Income Taxes

Income Taxes	9 Months Ended
	Nov. 28, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company files income tax returns in the U.S. federal jurisdiction, various U.S. state jurisdictions, Canada, Brazil and other international jurisdictions. The Company is no longer subject to U.S. federal tax examinations for years prior to fiscal 2013, or U.S. state and local income tax examinations for years prior to fiscal 2009. The Company is not currently under U.S. federal examination for years subsequent to fiscal year 2012, and there is very limited audit activity of the Company’s income tax returns in U.S. state jurisdictions or international jurisdictions. The total liability for unrecognized tax benefits at both November 28, 2015 and February 28, 2015 was approximately $5.0 million . The Company records the impact of penalties and interest related to unrecognized tax benefits in income tax expense, which is consistent with past practices. The total liability for unrecognized tax benefits is expected to decrease by approximately $0.4 million during the next 12 months due to lapsing of statutes.

Commitments and Contingent Liab

Commitments and Contingent Liabilities	9 Months Ended
	Nov. 28, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	Commitments and Contingent Liabilities Operating lease commitments As of November 28, 2015 , the Company was obligated under non-cancelable operating leases for buildings and equipment. Certain leases provide for increased rentals based upon increases in real estate taxes or operating costs. Future minimum rental payments under non-cancelable operating leases are: (In thousands) Remainder of Fiscal 2016 Fiscal 2017 Fiscal 2018 Fiscal 2019 Fiscal 2020 Thereafter Total Total minimum payments $ 2,214 $ 8,030 $ 7,308 $ 6,554 $ 5,197 $ 4,162 $ 33,465 Bond commitments In the ordinary course of business, predominantly in the Company’s Architectural Services business, the Company is required to provide surety or performance bonds that commit payments to its customers for any non-performance by the Company. At November 28, 2015 , $112.8 million of the Company’s backlog was bonded by performance bonds with a face value of $289.6 million . Performance bonds do not have stated expiration dates, as the Company is released from the bonds upon completion of the contract. The Company has never been required to make any payments related to these performance bonds with respect to any of its current portfolio of businesses. Warranties The Company accrues for warranty and claim costs as a percentage of sales based on historical trends and for specific sales credits as they become known and estimable. Actual warranty and claim costs are deducted from the accrual when paid. Factors that could have an impact on the warranty accrual in any given period include the following: changes in manufacturing quality, shifts in product mix and any significant changes in sales volume. The Company’s accrual activity is provided below. Nine Months Ended (In thousands) November 28, November 29, Balance at beginning of period $ 11,275 $ 11,978 Additional accruals 5,789 3,704 Claims paid (2,460 ) (5,210 ) Balance at end of period $ 14,604 $ 10,472 Letters of credit At November 28, 2015 , the Company had ongoing letters of credit related to its construction contracts and certain industrial revenue bonds. The total value of letters of credit under which the Company was obligated as of November 28, 2015 was approximately $23.5 million , all of which have been issued under the Company's committed revolving credit facility. The Company’s total availability under its $125.0 million committed revolving credit facility is reduced by borrowings and letters of credit issued under this facility. Purchase obligations The Company has purchase obligations for raw materials and capital expenditures. As of November 28, 2015 , these obligations totaled $216.1 million . Litigation The Company is a party to various legal proceedings incidental to its normal operating activities. In particular, like others in the construction supply and services industry, the Company’s construction supply and services businesses are routinely involved in various disputes and claims arising out of construction projects, sometimes involving significant monetary damages or product replacement. The Company is also subject to litigation arising out of employment practices, workers compensation, general liability and automobile claims. Although it is very difficult to accurately predict the outcome of such proceedings, facts currently available indicate that no such claims will result in losses that would have a material adverse effect on the results of operations, cash flows or financial condition of the Company.

Segment Information

Segment Information	9 Months Ended
	Nov. 28, 2015
Segment Reporting [Abstract]
Segment Information	Segment Information The Company has four reporting segments: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical (LSO). • The Architectural Glass segment fabricates coated, high-performance glass used in customized window and wall systems comprising the outside skin of commercial, institutional and high-end multi-family residential buildings. • The Architectural Services segment designs, engineers, fabricates and installs the walls of glass, windows and other curtainwall products making up the outside skin of commercial and institutional buildings. • The Architectural Framing Systems segment consists of four companies that design, engineer, fabricate and finish 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 Company has aggregated four operating segments into the Architectural Framing Systems reporting segment based upon their similar products, customers, distribution methods, production processes and economic characteristics. • The LSO segment manufactures value-added glass and acrylic products for the custom picture framing and fine art markets. Three Months Ended Nine Months Ended (In thousands) November 28, November 29, November 28, November 29, Net sales from operations Architectural Glass $ 85,461 $ 90,268 $ 279,069 $ 254,138 Architectural Services 61,244 56,178 169,093 167,146 Architectural Framing Systems 76,419 80,411 228,990 221,369 Large-Scale Optical 24,211 25,546 66,874 64,969 Intersegment eliminations (9,011 ) (7,993 ) (24,986 ) (20,384 ) Net sales $ 238,324 $ 244,410 $ 719,040 $ 687,238 Operating income (loss) from operations Architectural Glass $ 8,383 $ 5,836 $ 23,405 $ 11,935 Architectural Services 3,702 323 6,063 2,279 Architectural Framing Systems 9,244 7,596 24,197 16,974 Large-Scale Optical 7,621 7,879 18,132 15,990 Corporate and other (1,092 ) (1,009 ) (3,292 ) (3,240 ) Operating income $ 27,858 $ 20,625 $ 68,505 $ 43,938 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.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Nov. 28, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Award transactions on stock options	The following table summarizes the award transactions for the nine months ended November 28, 2015 : Stock Options/SARs Outstanding Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life Aggregate Intrinsic Value Outstanding at February 28, 2015 624,095 $ 11.92 Awards exercised (220,381 ) 12.10 Awards canceled — — Outstanding and exercisable at November 28, 2015 403,714 $ 11.81 4.8 Years $ 15,908,645
Nonvested share award transactions	The following table summarizes the nonvested share award transactions, including nonvested share units, for the nine months ended November 28, 2015 : Nonvested Shares and Units Number of Shares and Units Weighted Average Grant Date Fair Value Nonvested at February 28, 2015 400,708 $ 23.49 Granted 109,024 53.94 Vested (234,207 ) 21.26 Canceled (4,357 ) 35.69 Nonvested at November 28, 2015 271,168 $ 37.46

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Nov. 28, 2015
Earnings Per Share [Abstract]
Reconciliation of basic and diluted earnings per share	The following table presents a reconciliation of the denominators used in the computation of basic and diluted earnings per share: Three Months Ended Nine Months Ended (In thousands, except per share data) November 28, November 29, November 28, November 29, Basic earnings per share – weighted average common shares outstanding 29,181 28,725 29,137 28,759 Weighted average effect of nonvested share grants and assumed exercise of stock options 285 633 342 591 Diluted earnings per share – weighted average common shares and potential common shares outstanding 29,466 29,358 29,479 29,350 Earnings per share – basic $ 0.64 $ 0.47 $ 1.56 $ 1.27 Earnings per share – diluted 0.63 0.47 1.54 1.25

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Nov. 28, 2015
Inventory Disclosure [Abstract]
Components of inventories	(In thousands) November 28, February 28, Raw materials $ 20,748 $ 19,761 Work-in-process 13,279 14,385 Finished goods 24,663 23,076 Costs and earnings in excess of billings on uncompleted contracts 5,344 4,186 Total inventories $ 64,034 $ 61,408

Marketable Securities (Tables)

Marketable Securities (Tables)	9 Months Ended
	Nov. 28, 2015
Marketable Securities [Abstract]
Amortized cost, gross unrealized gains and losses, and estimated fair values of investments available for sale	Marketable securities available for sale at November 28, 2015 and February 28, 2015 , were as follows: (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value November 28, 2015 Mutual fund $ 30,107 $ — $ (56 ) $ 30,051 Municipal bonds 11,111 123 (127 ) 11,107 Commercial paper 30,517 — — 30,517 Total marketable securities $ 71,735 $ 123 $ (183 ) $ 71,675 February 28, 2015 Municipal bonds $ 10,973 $ 127 $ (118 ) $ 10,982 Total marketable securities $ 10,973 $ 127 $ (118 ) $ 10,982
Schedule of amortized cost and estimated fair values of investments by contractual maturity	The amortized cost and estimated fair values of municipal bonds and commercial paper at November 28, 2015 , by contractual maturity, are shown below. Expected maturities may differ from contractual maturities, as borrowers may have the right to call or prepay obligations with or without penalty. (In thousands) Amortized Cost Estimated Fair Value Due within one year $ 30,601 $ 30,602 Due after one year through five years 2,948 2,966 Due after five years through 10 years 6,829 6,922 Due after 10 years through 15 years 1,250 1,134 Total $ 41,628 $ 41,624

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Nov. 28, 2015
Fair Value Disclosures [Abstract]
Financial assets and liabilities measured at fair value	Financial assets measured at fair value on a recurring basis as of November 28, 2015 and February 28, 2015 , are summarized below: (In thousands) Quoted Prices in Active Markets (Level 1) Other Observable Inputs (Level 2) Total Fair Value November 28, 2015 Cash equivalents Money market funds $ 18,393 $ — $ 18,393 Short-term securities Mutual fund $ 30,051 $ — $ 30,051 Commercial paper — 30,517 30,517 Municipal bonds — 85 85 Total short-term securities $ 30,051 $ 30,602 $ 60,653 Long-term securities Municipal bonds $ — $ 11,022 $ 11,022 Total assets at fair value $ 48,444 $ 41,624 $ 90,068 February 28, 2015 Cash equivalents Money market funds $ 34,386 $ — $ 34,386 Short-term securities Municipal bonds — 327 327 Long-term securities Mutual funds 305 — 305 Municipal bonds — 10,655 10,655 Total assets at fair value $ 34,691 $ 10,982 $ 45,673

Goodwill and Other Identifiab27

Goodwill and Other Identifiable Intangible Assets (Tables)	9 Months Ended
	Nov. 28, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill attributable to each business segment	The carrying amount of goodwill attributable to each business segment is below: (In thousands) Architectural Glass Architectural Services Architectural Framing Systems Large-Scale Optical Total Balance at March 1, 2014 $ 26,628 $ 1,120 $ 39,716 $ 10,557 $ 78,021 Foreign currency translation (273 ) — (1,891 ) — (2,164 ) Balance at February 28, 2015 26,355 1,120 37,825 10,557 75,857 Foreign currency translation (716 ) — (997 ) — (1,713 ) Balance at November 28, 2015 $ 25,639 $ 1,120 $ 36,828 $ 10,557 $ 74,144
Schedule of finite lived intangible assets	The following tables provide the gross carrying amount of other intangible assets and related accumulated amortization: November 28, 2015 (In thousands) Gross Carrying Amount Accumulated Amortization Foreign Currency Translation Net Definite-lived intangible assets: Debt issue costs $ 3,677 $ (2,708 ) $ — $ 969 Non-compete agreements 6,673 (6,399 ) (15 ) 259 Customer relationships 24,174 (12,500 ) (1,078 ) 10,596 Trademarks and other intangibles 8,213 (3,168 ) (431 ) 4,614 Total definite-lived intangible assets $ 42,737 $ (24,775 ) $ (1,524 ) $ 16,438 Indefinite-lived intangible assets: Trademarks 4,239 — (279 ) 3,960 Total intangible assets $ 46,976 $ (24,775 ) $ (1,803 ) $ 20,398 February 28, 2015 (In thousands) Gross Carrying Amount Accumulated Amortization Foreign Currency Translation Net Definite-lived intangible assets: Debt issue costs $ 3,668 $ (2,560 ) $ — $ 1,108 Non-compete agreements 6,690 (6,364 ) (10 ) 316 Customer relationships 25,677 (11,932 ) (1,315 ) 12,430 Trademarks and other intangibles 8,275 (2,920 ) (168 ) 5,187 Total definite-lived intangible assets $ 44,310 $ (23,776 ) $ (1,493 ) $ 19,041 Indefinite-lived intangible assets: Trademarks 4,768 — (529 ) 4,239 Total intangible assets $ 49,078 $ (23,776 ) $ (2,022 ) $ 23,280
Schedule of estimated future amortization expense for identifiable intangible assets	At November 28, 2015 , the estimated future amortization expense for definite-lived intangible assets is as follows: (In thousands) Remainder of Fiscal 2016 Fiscal 2017 Fiscal 2018 Fiscal 2019 Fiscal 2020 Estimated amortization expense $ 383 $ 1,538 $ 1,523 $ 1,505 $ 1,152

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Nov. 28, 2015
Compensation and Retirement Disclosure [Abstract]
Components of net periodic benefit cost	Components of net periodic benefit cost are as follows: Three Months Ended Nine Months Ended (In thousands) November 28, November 29, November 28, November 29, Interest cost $ 142 $ 138 $ 426 $ 414 Expected return on assets (34 ) (43 ) (102 ) (129 ) Amortization of unrecognized net loss 62 44 186 132 Net periodic benefit cost $ 170 $ 139 $ 510 $ 417

Commitments and Contingent Li29

Commitments and Contingent Liabilities (Tables)	9 Months Ended
	Nov. 28, 2015
Commitments and Contingencies Disclosure [Abstract]
Future minimum rental payments under noncancelable operating leases	Future minimum rental payments under non-cancelable operating leases are: (In thousands) Remainder of Fiscal 2016 Fiscal 2017 Fiscal 2018 Fiscal 2019 Fiscal 2020 Thereafter Total Total minimum payments $ 2,214 $ 8,030 $ 7,308 $ 6,554 $ 5,197 $ 4,162 $ 33,465
Guarantees and warranties	The Company’s accrual activity is provided below. Nine Months Ended (In thousands) November 28, November 29, Balance at beginning of period $ 11,275 $ 11,978 Additional accruals 5,789 3,704 Claims paid (2,460 ) (5,210 ) Balance at end of period $ 14,604 $ 10,472

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Nov. 28, 2015
Segment Reporting [Abstract]
Sales and operating income data	Three Months Ended Nine Months Ended (In thousands) November 28, November 29, November 28, November 29, Net sales from operations Architectural Glass $ 85,461 $ 90,268 $ 279,069 $ 254,138 Architectural Services 61,244 56,178 169,093 167,146 Architectural Framing Systems 76,419 80,411 228,990 221,369 Large-Scale Optical 24,211 25,546 66,874 64,969 Intersegment eliminations (9,011 ) (7,993 ) (24,986 ) (20,384 ) Net sales $ 238,324 $ 244,410 $ 719,040 $ 687,238 Operating income (loss) from operations Architectural Glass $ 8,383 $ 5,836 $ 23,405 $ 11,935 Architectural Services 3,702 323 6,063 2,279 Architectural Framing Systems 9,244 7,596 24,197 16,974 Large-Scale Optical 7,621 7,879 18,132 15,990 Corporate and other (1,092 ) (1,009 ) (3,292 ) (3,240 ) Operating income $ 27,858 $ 20,625 $ 68,505 $ 43,938

Stock-Based Compensation (Detai

Stock-Based Compensation (Details 1) - USD ($)	3 Months Ended	9 Months Ended
	May. 30, 2015	Nov. 28, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Exercisable Options		403,714
Award transactions on stock options
Outstanding, Beginning	624,095	624,095
Outstanding shares awards exercised		(220,381)
Outstanding shares awards canceled	0
Outstanding, Ending		403,714
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period		(4,357)
Award transactions on stock options, Weighted Average Exercise Price [Roll Forward]
Weighted average exercise price, Beginning	$ 11.92	$ 11.92
Weighted average exercise price, Awards exercised		12.10
Weighted average exercise price, Awards canceled		0
Weighted average exercise price, Ending		$ 11.81
Weighted average remaining contractual life, Outstanding		4 years 9 months
Aggregate intrinsic value, Outstanding		$ 15,908,645

Stock-Based Compensation (Det32

Stock-Based Compensation (Details 2)	9 Months Ended
	Nov. 28, 2015$ / sharesshares
Nonvested share award transactions
Nonvested Number, Beginning | shares	400,708
Number of shares, Granted | shares	109,024
Number of shares, Vested | shares	(234,207)
Number of shares, Canceled | shares	4,357
Nonvested Number, Ending | shares	271,168
Nonvested share award transactions, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted average grant date fair value, Beginning | $ / shares	$ 23.49
Weighted average grant date fair value, Granted | $ / shares	53.94
Weighted average grant date fair value, Vested | $ / shares	21.26
Weighted average grant date fair value, Canceled | $ / shares	35.69
Weighted average grant date fair value, Ending | $ / shares	$ 37.46

Stock-Based Compensation (Det33

Stock-Based Compensation (Details Textual) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	May. 30, 2015	Nov. 28, 2015	Nov. 29, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period		(220,381)
Share-based Compensation		$ 3,686	$ 3,705
Cash proceeds from exercise of stock options		1,600	800
Aggregate intrinsic value of securities		7,500	$ 2,100
Total unrecognized compensation cost related to nonvested share		7,200
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average period, Nonvested	22 months
Total fair value of shares vested		$ 12,100

Earnings per Share (Details)

Earnings per Share (Details) - $ / shares shares in Thousands	3 Months Ended		9 Months Ended
	Nov. 28, 2015	Nov. 29, 2014	Nov. 28, 2015	Nov. 29, 2014
Reconciliation of basic and diluted earnings per share
Basic earnings per share - weighted common shares outstanding	29,181	28,725	29,137	28,759
Incremental Common Shares Attributable to Share-based Payment Arrangements	285	633	342	591
Weighted Average Number of Shares Outstanding, Diluted	29,466	29,358	29,479	29,350
Earnings per share - basic	$ 0.64	$ 0.47	$ 1.56	$ 1.27
Earnings per share - diluted	$ 0.63	$ 0.47	$ 1.54	$ 1.25
Stock options excluded from the calculation of earnings per share because the exercise price was greater than the average market price of the common shares	0	0	0	0

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Nov. 28, 2015	Feb. 28, 2015
Components of inventories
Raw materials	$ 20,748	$ 19,761
Work-in-process	13,279	14,385
Finished goods	24,663	23,076
Costs and earnings in excess of billings on uncompleted contracts	5,344	4,186
Total inventories	$ 64,034	$ 61,408

Marketable Securities (Details)

Marketable Securities (Details) - USD ($) $ in Thousands	Nov. 28, 2015	Feb. 28, 2015
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 41,628
Amortized Cost	71,735	$ 10,973
Gross Unrealized Gains	123	127
Gross Unrealized Losses	183	118
Estimated Market Value, Total	41,624
Available-for-sale Securities	71,675	10,982
Mutual Fund [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Equity Securities	30,107
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax	(56)
Estimated Market Value, Total	30,051
Municipal bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	11,111	10,973
Gross Unrealized Gains	123	127
Gross Unrealized Losses	127	118
Estimated Market Value, Total	11,107	$ 10,982
Commercial Paper [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Market Value, Total	$ 30,517

Marketable Securities (Details

Marketable Securities (Details 2) $ in Thousands	Nov. 28, 2015USD ($)
Marketable Securities [Abstract]
Amortized Cost, Due within one year	$ 30,601
Amortized Cost, Due after one year through five years	2,948
Amortized Cost, Due after five years through 10 years	6,829
Amortized Cost, Due after 10 years through 15 years	1,250
Amortized Cost, Total	41,628
Estimated Market Value, Due within one year	30,602
Estimated Market Value, Due after one year through five years	2,966
Estimated Market Value, Due after five years through 10 years	6,922
Estimated Market Value, Due after 10 years through 15 years	1,134
Estimated Market Value, Total	$ 41,624

Marketable Securities (Detail38

Marketable Securities (Details Textual) - USD ($) $ in Millions	9 Months Ended
	Nov. 29, 2014	Nov. 28, 2015
Marketable Securities [Abstract]
Marketable Securities, Realized Gain (Loss)	$ 0.1
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss		$ 0
Greater Than or Equal to 12 Months, Fair Value		$ 1.2

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Nov. 28, 2015	Feb. 28, 2015
Cash equivalents
Available-for-sale Securities, Current	$ 60,653
Total assets at fair value	90,068	$ 45,673
Money market funds [Member]
Cash equivalents
Total cash equivalents		34,386
Quoted Prices in Active Markets (Level 1) [Member]
Cash equivalents
Available-for-sale Securities, Current	30,051
Total assets at fair value	48,444	34,691
Quoted Prices in Active Markets (Level 1) [Member] | Money market funds [Member]
Cash equivalents
Total cash equivalents		34,386
Other Observable Inputs (Level 2) [Member]
Cash equivalents
Available-for-sale Securities, Current	30,602
Total assets at fair value	41,624	10,982
Other Observable Inputs (Level 2) [Member] | Money market funds [Member]
Cash equivalents
Total cash equivalents		0
Mutual funds [Member]
Cash equivalents
Available-for-sale Securities, Current	30,051
Available-for-sale Securities, Noncurrent		305
Mutual funds [Member] | Quoted Prices in Active Markets (Level 1) [Member]
Cash equivalents
Available-for-sale Securities, Current	30,051
Available-for-sale Securities, Noncurrent		305
Mutual funds [Member] | Other Observable Inputs (Level 2) [Member]
Cash equivalents
Available-for-sale Securities, Current	0
Available-for-sale Securities, Noncurrent		0
Money market funds [Member]
Cash equivalents
Total cash equivalents	18,393
Money market funds [Member] | Quoted Prices in Active Markets (Level 1) [Member]
Cash equivalents
Total cash equivalents	18,393
Money market funds [Member] | Other Observable Inputs (Level 2) [Member]
Cash equivalents
Total cash equivalents	0
Commercial Paper [Member]
Cash equivalents
Available-for-sale Securities, Current	30,517
Commercial Paper [Member] | Quoted Prices in Active Markets (Level 1) [Member]
Cash equivalents
Available-for-sale Securities, Current	0
Commercial Paper [Member] | Other Observable Inputs (Level 2) [Member]
Cash equivalents
Available-for-sale Securities, Current	30,517
Municipal bonds [Member]
Cash equivalents
Available-for-sale Securities, Current	85	327
Available-for-sale Securities, Noncurrent	11,022	10,655
Municipal bonds [Member] | Quoted Prices in Active Markets (Level 1) [Member]
Cash equivalents
Available-for-sale Securities, Current	0	0
Available-for-sale Securities, Noncurrent	0	0
Municipal bonds [Member] | Other Observable Inputs (Level 2) [Member]
Cash equivalents
Available-for-sale Securities, Current	85	327
Available-for-sale Securities, Noncurrent	$ 11,022	$ 10,655

Fair Value Measurements fair va

Fair Value Measurements fair value (Details) $ in Thousands	Nov. 28, 2015USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Current	$ 60,653
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Current	30,051
Equity Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Current	30,051
Equity Funds [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Current	$ 30,051

Goodwill and Other Identifiab41

Goodwill and Other Identifiable Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Nov. 28, 2015	Feb. 28, 2015
Schedule of goodwill attributable to each business segment
Goodwill, Beginning	$ 75,857	$ 78,021
Foreign currency translation	(1,713)	(2,164)
Goodwill, Ending	74,144	75,857
Architectural Glass [Member]
Schedule of goodwill attributable to each business segment
Goodwill, Beginning	26,355	26,628
Foreign currency translation	(716)	(273)
Goodwill, Ending	25,639	26,355
Architectural Services segment [Member]
Schedule of goodwill attributable to each business segment
Goodwill, Beginning	1,120	1,120
Foreign currency translation	0	0
Goodwill, Ending	1,120	1,120
Architectural Framing Systems Segment [Member]
Schedule of goodwill attributable to each business segment
Goodwill, Beginning	37,825	39,716
Foreign currency translation	(997)	(1,891)
Goodwill, Ending	36,828	37,825
Large-Scale Optical [Member]
Schedule of goodwill attributable to each business segment
Goodwill, Beginning	10,557	10,557
Foreign currency translation	0	0
Goodwill, Ending	$ 10,557	$ 10,557

Goodwill and Other Identifiab42

Goodwill and Other Identifiable Intangible Assets (Details 1) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Nov. 28, 2015	Feb. 28, 2015
Schedule of finite lived identifiable intangible assets
Gross Carrying Amount	$ 42,737	$ 44,310
Accumulated Amortization	(24,775)	(23,776)
Foreign Currency Translation	(1,524)	(1,493)
Net	16,438	19,041
Intangible Assets, Gross (Excluding Goodwill)	46,976	49,078
Intangible Assets Accumulated Amortization	(24,775)	(23,776)
Intangible Assets Foreign Currency Translation	(1,803)	(2,022)
Intangible Assets, Net (Excluding Goodwill)	20,398	23,280
Debt issue costs [Member]
Schedule of finite lived identifiable intangible assets
Gross Carrying Amount	3,677	3,668
Accumulated Amortization	(2,708)	(2,560)
Foreign Currency Translation	0	0
Net	969	1,108
Noncompete Agreements [Member]
Schedule of finite lived identifiable intangible assets
Gross Carrying Amount	6,673	6,690
Accumulated Amortization	(6,399)	(6,364)
Foreign Currency Translation	(15)	(10)
Net	259	316
Customer Relationships [Member]
Schedule of finite lived identifiable intangible assets
Gross Carrying Amount	24,174	25,677
Accumulated Amortization	(12,500)	(11,932)
Foreign Currency Translation	(1,078)	(1,315)
Net	10,596	12,430
Trademarks [Member]
Schedule of finite lived identifiable intangible assets
Gross Carrying Amount	8,213	8,275
Accumulated Amortization	(3,168)	(2,920)
Foreign Currency Translation	(431)	(168)
Net	4,614	5,187
Indefinite-Lived Intangible Assets (Excluding Goodwill)	4,239	4,768
Indefinite-lived Intangible Assets, Translation Adjustments	(279)	(529)
Indefinite-lived Intangible Assets (Excluding Goodwill), Net of translation adjustments	$ 3,960	$ 4,239

Goodwill and Other Identifiab43

Goodwill and Other Identifiable Intangible Assets (Details 2) $ in Thousands	Nov. 28, 2015USD ($)
Schedule of estimated future amortization expense for identifiable intangible assets
Estimated amortization expense, Remainder of Fiscal 2015	$ 383
Estimated amortization expense, Fiscal 2016	1,538
Estimated amortization expense, Fiscal 2017	1,523
Estimated amortization expense, Fiscal 2018	1,505
Estimated amortization expense, Fiscal 2019	$ 1,152

Goodwill and Other Identifiab44

Goodwill and Other Identifiable Intangible Assets (Details Textual) - USD ($) $ in Millions	9 Months Ended
	Nov. 28, 2015	Nov. 29, 2014
Goodwill and Other Identifiable Intangible Assets (Textual) [Abstract]
Amortization expense on identifiable intangible assets	$ 1.1	$ 1.6

Debt (Details)

Debt (Details) $ in Thousands, CAD in Millions	9 Months Ended
	Nov. 28, 2015USD ($)	Nov. 29, 2014USD ($)	Nov. 28, 2015CAD	Nov. 28, 2015USD ($)	Feb. 28, 2015USD ($)
Debt (Textual) [Abstract]
Line of Credit Facility, Amount Outstanding				$ 0	$ 0
Debt to Ebitda Ratio	0.17
Minimum net worth required				347,600
Net Worth				406,100
Interest payments	$ 400	$ 600
Maximum [Member]
Debt (Textual) [Abstract]
Debt to Ebitda Ratio	3
Revolving Credit Facility [Member]
Debt (Textual) [Abstract]
Line of Credit Facility, Maximum Borrowing Capacity				125,000
Industrial Revenue Bonds [Member]
Debt (Textual) [Abstract]
Debt				20,400
Notes Payable, Other Payables [Member]
Debt (Textual) [Abstract]
Debt				100
Revolving demand credit facility [Member]
Debt (Textual) [Abstract]
Line of Credit Facility, Maximum Borrowing Capacity | CAD			CAD 4
Debt				$ 300

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 28, 2015	Nov. 29, 2014	Nov. 28, 2015	Nov. 29, 2014
Components of net periodic benefit cost
Interest cost	$ 142	$ 138	$ 426	$ 414
Expected return on assets	(34)	(43)	(102)	(129)
Amortization of unrecognized net loss	62	44	186	132
Net periodic benefit cost	$ 170	$ 139	$ 510	$ 417

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	Nov. 28, 2015	Nov. 29, 2014
Income Tax Disclosure [Abstract]
Liability for uncertain tax positions, current and noncurrent	$ 5	$ 5
UnrecognizedTaxBenefitsReductionsResultingFromSettlementsWithTaxingAuthoritiesAndLapseOfApplicableStatuteOfLimitations	$ 0

Commitments and Contingent Li48

Commitments and Contingent Liabilities (Details) $ in Thousands	Nov. 28, 2015USD ($)
Future minimum rental payments under noncancelable operating leases
Total minimum payments, Remainder of Fiscal 2015	$ 2,214
Total minimum payments, Fiscal 2016	8,030
Total minimum payments, Fiscal 2017	7,308
Total minimum payments, Fiscal 2018	6,554
Total minimum payments, Fiscal 2019	5,197
Total minimum payments, Thereafter	4,162
Total	$ 33,465

Commitments and Contingent Li49

Commitments and Contingent Liabilities (Details 1) - USD ($) $ in Thousands	9 Months Ended
	Nov. 28, 2015	Nov. 29, 2014
Guarantees and warranties
Balance at beginning of period	$ 11,275	$ 11,978
Additional accruals	5,789	3,704
Claims paid	(2,460)	(5,210)
Balance at end of period	$ 14,604	$ 10,472

Commitments and Contingent Li50

Commitments and Contingent Liabilities (Details Textual) $ in Millions	Nov. 28, 2015USD ($)
Commitments and Contingencies Disclosure [Abstract]
Company's backlog bonded by performance bonds	$ 112.8
Face value of performance bonds	289.6
Total value of letter of credit	23.5
Purchase obligations	216.1
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 125

Segment Information Segment Inf

Segment Information Segment Information (Details Textual)	3 Months Ended	9 Months Ended
	May. 30, 2015Segment	Nov. 28, 2015Reportable_Segment
Segment Information [Abstract]
Number of Reportable Segments | Segment	4
Number of Operating Segments | Reportable_Segment		4

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 28, 2015	Nov. 29, 2014	Nov. 28, 2015	Nov. 29, 2014
Sales and operating income data
Net sales	$ 238,324	$ 244,410	$ 719,040	$ 687,238
Operating income (loss)	27,858	20,625	68,505	43,938
Architectural Glass [Member]
Sales and operating income data
Net sales	85,461	90,268	279,069	254,138
Operating income (loss)	8,383	5,836	23,405	11,935
Architectural Services segment [Member]
Sales and operating income data
Net sales	61,244	56,178	169,093	167,146
Operating income (loss)	3,702	323	6,063	2,279
Architectural Framing Systems Segment [Member]
Sales and operating income data
Net sales	76,419	80,411	228,990	221,369
Operating income (loss)	9,244	7,596	24,197	16,974
Large-Scale Optical [Member]
Sales and operating income data
Net sales	24,211	25,546	66,874	64,969
Operating income (loss)	7,621	7,879	18,132	15,990
Intersegment eliminations [Member]
Sales and operating income data
Net sales	(9,011)	(7,993)	(24,986)	(20,384)
Corporate and other [Member]
Sales and operating income data
Operating income (loss)	$ (1,092)	$ (1,009)	$ (3,292)	$ (3,240)