Apogee Enterprises (APOG) 10-K 26 Apr 24 2024 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Mar. 02, 2024	Apr. 22, 2024	Aug. 25, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Mar. 02, 2024
Current Fiscal Year End Date	--03-02
Document Transition Report	false
Entity File Number	0-6365
Entity Registrant Name	APOGEE ENTERPRISES, INC.
Entity Incorporation, State or Country Code	MN
Entity Tax Identification Number	41-0919654
Entity Address, Address Line One	4400 West 78th Street
Entity Address, Address Line Two	Suite 520
Entity Address, City or Town	Minneapolis
Entity Address, State or Province	MN
Entity Address, Postal Zip Code	55435
City Area Code	952
Local Phone Number	835-1874
Title of 12(b) Security	Common Stock, $0.33 1/3 Par Value
Trading Symbol	APOG
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction	false
Entity Shell Company	false
Entity Public Float			$ 1,075,300,000
Entity Common Stock, Shares Outstanding		22,128,308
Entity Central Index Key	0000006845
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE: In accordance with General Instruction G(3) of Form 10-K, certain information required by Part III hereof will either be incorporated into this Annual Report on Form 10-K by reference to our Definitive Proxy Statement for our Annual Meeting of Shareholders filed within 120 days of our fiscal year ended March 2, 2024 or will be included in an amendment to this Annual Report on Form 10-K filed within 120 days of March 2, 2024.

Audit Information

Audit Information	12 Months Ended
	Mar. 02, 2024
Audit Information [Abstract]
Auditor Name	Deloitte & Touche LLP
Auditor Location	Minneapolis, MN
Auditor Firm ID	34

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 02, 2024	Feb. 25, 2023
Current assets
Cash and cash equivalents	$ 37,216	$ 19,924
Restricted cash	0	1,549
Receivables, net	173,557	197,267
Inventories, net	69,240	78,441
Contract assets	49,502	59,403
Other current assets	29,124	26,517
Total current assets	358,639	383,101
Property, plant and equipment, net	244,216	248,867
Operating lease right-of-use assets	40,221	41,354
Goodwill	129,182	129,026
Intangible assets, net	66,114	67,375
Other non-current assets	45,692	45,642
Total assets	884,064	915,365
Current liabilities
Accounts payable	84,755	86,549
Accrued compensation and benefits	53,801	51,651
Contract liabilities	34,755	28,011
Operating lease liabilities	12,286	11,806
Other current liabilities	59,108	64,532
Total current liabilities	244,705	242,549
Long-term debt	62,000	169,837
Non-current operating lease liabilities	31,907	33,072
Non-current self-insurance reserves	30,552	29,316
Other non-current liabilities	43,875	44,183
Commitments and contingent liabilities (Note 10)
Shareholders’ equity
Junior preferred stock of $1.00 par value; authorized 200,000 shares; zero issued and outstanding	0	0
Common stock of $0.33-1/3 par value; authorized 50,000,000 shares; issued and outstanding 22,089,265 and 22,224,299 shares, respectively	7,363	7,408
Additional paid-in capital	152,818	146,816
Retained earnings	340,375	273,740
Accumulated other comprehensive loss	(29,531)	(31,556)
Total shareholders’ equity	471,025	396,408
Total liabilities and shareholders’ equity	$ 884,064	$ 915,365

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 02, 2024	Feb. 25, 2023
Statement of Financial Position [Abstract]
Junior preferred stock par value (usd per share)	$ 1	$ 1
Junior preferred stock authorized (in shares)	200,000	200,000
Junior preferred stock issued (in shares)	0	0
Junior preferred stock outstanding (in shares)	0	0
Common stock, par value (usd per share)	$ 0.33	$ 0.33
Common stock, authorized (in shares)	50,000,000	50,000,000
Common stock, issued (in shares)	22,089,265	22,224,299
Common stock, outstanding (in shares)	22,089,265	22,224,299

CONSOLIDATED RESULTS OF OPERATI

CONSOLIDATED RESULTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Feb. 26, 2022
Income Statement [Abstract]
Net sales	$ 1,416,942	$ 1,440,696	$ 1,313,977
Cost of sales	1,049,814	1,105,423	1,039,816
Gross profit	367,128	335,273	274,161
Selling, general and administrative expenses	233,295	209,485	202,643
Impairment expense on goodwill and intangible assets	0	0	49,473
Operating income	133,833	125,788	22,045
Interest expense, net	6,669	7,660	3,767
Other (income) expense, net	(2,089)	1,507	4,409
Earnings before income taxes	129,253	116,621	13,869
Income tax expense	29,640	12,514	10,383
Net earnings	$ 99,613	$ 104,107	$ 3,486
Earnings per share - basic (USD per share)	$ 4.55	$ 4.73	$ 0.14
Earnings per share - diluted (USD per share)	$ 4.51	$ 4.64	$ 0.14
Weighted average basic shares outstanding (in shares)	21,871	22,007	24,920
Weighted average diluted shares outstanding (in shares)	22,091	22,416	25,292

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS - USD ($) $ in Thousands	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Feb. 26, 2022
Statement of Comprehensive Income [Abstract]
Net earnings	$ 99,613	$ 104,107	$ 3,486
Other comprehensive earnings (loss):
Unrealized gain (loss) on marketable securities, net of $59, $(131) and $(96) of tax expense (benefit), respectively	222	(492)	(360)
Unrealized (loss) gain on derivative instruments, net of $(22), $(672) and $633 of tax (benefit) expense, respectively	(72)	(2,205)	2,074
Unrealized gain on pension obligation, net of $261, $222 and $117 of tax expense, respectively	857	726	382
Foreign currency translation adjustments	1,018	(3,345)	(309)
Other comprehensive earnings (loss)	2,025	(5,316)	1,787
Total comprehensive earnings	$ 101,638	$ 98,791	$ 5,273

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Feb. 26, 2022
Statement of Comprehensive Income [Abstract]
Unrealized (loss) gain on marketable securities, tax	$ 59	$ (131)	$ (96)
Unrealized gain (loss) on foreign currency hedge, tax	(22)	(672)	633
Unrealized gain (loss) on pension obligation, tax	$ 261	$ 222	$ 117

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Feb. 26, 2022
Operating Activities
Net earnings	$ 99,613,000	$ 104,107,000	$ 3,486,000
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	41,588,000	42,403,000	49,993,000
Share-based compensation	9,721,000	8,656,000	6,293,000
Deferred income taxes	(9,748,000)	(7,185,000)	(7,956,000)
Asset impairment charges	6,195,000	0	21,497,000
Loss (gain) on disposal of property, plant and equipment	826,000	(3,815,000)	(20,987,000)
Impairment expense on goodwill and intangible assets	0	0	49,473,000
Proceeds from New Markets Tax Credit transaction, net of deferred costs	0	18,390,000	0
Settlement of New Markets Tax Credit transaction	(4,687,000)	(19,523,000)	0
Non-cash lease expense	11,721,000	11,878,000	12,418,000
Other, net	4,615,000	5,399,000	(1,272,000)
Changes in operating assets and liabilities:
Receivables	23,993,000	(62,304,000)	7,521,000
Inventories	9,366,000	1,731,000	(7,706,000)
Contract assets	9,880,000	(3,380,000)	(897,000)
Accounts payable	(2,655,000)	(5,491,000)	14,738,000
Accrued compensation and benefits	2,102,000	(1,810,000)	912,000
Contract liabilities	6,590,000	20,952,000	(14,288,000)
Operating lease liability	(12,632,000)	(12,149,000)	(12,720,000)
Refundable and accrued income taxes	6,523,000	(6,976,000)	11,017,000
Other current assets and liabilities	1,143,000	11,813,000	(11,051,000)
Net cash provided by operating activities	204,154,000	102,696,000	100,471,000
Investing Activities
Capital expenditures	(43,180,000)	(45,177,000)	(21,841,000)
Proceeds from sales of property, plant and equipment	293,000	7,755,000	30,599,000
Purchases of marketable securities	(2,953,000)	0	(1,038,000)
Sales/maturities of marketable securities	2,165,000	9,712,000	1,563,000
Net cash (used) provided by investing activities	(43,675,000)	(27,710,000)	9,283,000
Financing Activities
Proceeds from revolving credit facilities	196,964,000	485,879,000	0
Repayment on debt	0	(151,000,000)	(2,000,000)
Repayments on revolving credit facilities	(304,817,000)	(327,865,000)	0
Proceeds from exercise of stock options	0	0	4,115,000
Repurchase of common stock	(11,821,000)	(74,312,000)	(100,414,000)
Dividends paid	(21,133,000)	(19,670,000)	(20,266,000)
Other, net	(3,800,000)	(4,055,000)	(2,007,000)
Net cash used by financing activities	(144,607,000)	(91,023,000)	(120,572,000)
Effect of exchange rates on cash	(129,000)	(73,000)	1,124,000
Increase (decrease) in cash, cash equivalents and restricted cash	15,743,000	(16,110,000)	(9,694,000)
Cash, cash equivalents and restricted cash at beginning of year	21,473,000	37,583,000	47,277,000
Cash and cash equivalents at end of year	37,216,000	21,473,000	37,583,000
Non-cash Activity
Capital expenditures in accounts payable	$ 3,588,000	$ 2,909,000	$ 2,326,000

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock at Par Value	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive (Loss) Income
Balance, shares at Feb. 27, 2021		25,714,000
Balance at Feb. 27, 2021	$ 492,745	$ 8,571	$ 154,958	$ 357,243	$ (28,027)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	3,486			3,486
Other comprehensive income (loss), net of tax	1,787				1,787
Issuance of stock, net of cancellations, shares		172,000
Issuance of stock, net of cancellations	88	$ 57	(190)	221
Share-based compensation	6,293		6,293
Exercise of stock options, shares		179,000
Exercise of stock options	4,115	$ 60	4,055
Share repurchases, shares		(2,309,000)
Share repurchases	(100,414)	$ (769)	(15,055)	(84,590)
Other share retirements, shares		(55,000)
Other share retirements	(1,635)	$ (18)	(348)	(1,269)
Cash dividends	(20,266)			(20,266)
Balance, shares at Feb. 26, 2022		23,701,000
Balance at Feb. 26, 2022	386,199	$ 7,901	149,713	254,825	(26,240)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	104,107			104,107
Other comprehensive income (loss), net of tax	(5,316)				(5,316)
Issuance of stock, net of cancellations, shares		113,000
Issuance of stock, net of cancellations	225	$ 37	153	35
Share-based compensation	8,656		8,656
Exercise of stock options, shares		36,000
Exercise of stock options	(942)	$ 12	(954)
Share repurchases, shares		(1,571,000)
Share repurchases	(74,312)	$ (524)	(10,350)	(63,438)
Other share retirements, shares		(55,000)
Other share retirements	(2,539)	$ (18)	(402)	(2,119)
Cash dividends	$ (19,670)			(19,670)
Balance, shares at Feb. 25, 2023	22,224,299	22,224,000
Balance at Feb. 25, 2023	$ 396,408	$ 7,408	146,816	273,740	(31,556)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	99,613			99,613
Other comprehensive income (loss), net of tax	2,025				2,025
Issuance of stock, net of cancellations, shares		171,000
Issuance of stock, net of cancellations	(132)	$ 58	(150)	(40)
Share-based compensation	9,721		9,721
Exercise of stock options, shares		25,000
Exercise of stock options	(832)	$ 8	(840)
Share repurchases, shares		(280,000)
Share repurchases	(11,821)	$ (93)	(1,989)	(9,739)
Other share retirements, shares		(51,000)
Other share retirements	(2,824)	$ (18)	(740)	(2,066)
Cash dividends	$ (21,133)			(21,133)
Balance, shares at Mar. 02, 2024	22,089,265	22,089,000
Balance at Mar. 02, 2024	$ 471,025	$ 7,363	$ 152,818	$ 340,375	$ (29,531)

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Feb. 26, 2022
Statement of Stockholders' Equity [Abstract]
Cash dividends per share (usd per share)	$ 0.9700	$ 0.9000	$ 0.8200

Summary of Significant Accounti

Summary of Significant Accounting Policies and Related Data	12 Months Ended
	Mar. 02, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies and Related Data	Summary of Significant Accounting Policies and Related Data Basis of consolidation The consolidated financial statements include the balances of Apogee Enterprises, Inc. and its subsidiaries (Apogee, we, us, our or the Company) after elimination of intercompany balances and transactions. We consolidate variable interest entities related to our New Markets Tax Credit transactions as it has been determined that the Company is the primary beneficiary of those entities' operations (refer to Note 10 for more information). Fiscal year Our fiscal year ends on the Saturday closest to the last day of February, or as otherwise determined by our Board of Directors. Fiscal 2024 consisted of 53 weeks, while fiscal 2023 and fiscal 2022 each consisted of 52 weeks. Accounting estimates The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts in the consolidated financial statements and accompanying notes. Actual results could differ significantly from those estimates. Reclassifications Certain reclassifications of amounts previously reported have been made to the accompanying consolidated balance sheets, consolidated statements of cash flows and notes to consolidated financial statements to conform to current year presentation of contract assets and liabilities. These reclassifications had no impact on reported cash flows or total assets and liabilities. Cash equivalents Highly liquid investments with an original maturity of three months or less are included in cash equivalents and are stated at cost, which approximates fair value. Restricted Cash Cash held that is specifically dedicated to fund each capital project related to our New Markets Tax Credit transactions. Marketable securities To the extent the amortized cost basis of the available-for-sale securities exceeds the fair value, we assess the debt securities for credit loss. When assessing the risk of credit loss, we consider factors such as the severity and the reason of the decline in value, including any changes to the rating of the security by a rating agency or other adverse conditions specifically related to the security, and management's intended holding period and time horizon for selling. During fiscal 2024, 2023, and 2022, the Company did not recognize any credit losses related to its available-for-sale securities. Further, as of March 2, 2024 and February 25, 2023, the Company did not record an allowance for credit losses related to its available-for-sale securities. Marketable securities are included in other current and non-current assets on the consolidated balance sheets and gross realized gains and losses are included in other (income) expense, net in our consolidated results of operations. Inventories Inventories, which consist primarily of purchased glass and aluminum, are valued at lower of cost or net realizable value using the first-in, first-out (FIFO) method. Property, plant and equipment Property, plant and equipment (PP&E) is recorded at cost. Significant improvements and renewals that extend the useful life of the asset are capitalized. Repairs and maintenance are charged to expense as incurred. When an asset is retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts and any related gains or losses are included in selling, general and administrative expenses. Long-lived assets to be held and used, such as PP&E, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Depreciation is computed on a straight-line basis, based on estimated useful lives of 10 to 25 years for buildings and improvements; 3 to 10 years for machinery and equipment; and 3 to 7 years for computer and office equipment and furniture. Impairment of long-lived assets Long-lived assets or asset groups, including definite-lived intangible assets subject to amortization and property and equipment, are reviewed for impairment whenever events or changes in circumstances such as asset utilization, physical change, legal factors or other matters indicate that the carrying value of those assets may not be recoverable. When this review indicates the carrying value of an asset or asset group exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset or asset group, an asset impairment expense is recognized in earnings in the period such a determination is made. The amount of the impairment expense recorded is the amount by which the carrying value of the impaired asset or asset group exceeds its fair value based on discounted cash flows. As a result of restructuring plans announced during the fourth quarter of fiscal 2024, asset impairments on property, plant and equipment and leases in the amount of $6.2 million were recorded for the year ended March 2, 2024. As a result of restructuring plans announced during the second quarter of fiscal 2022, asset impairments on property, plant and equipment and leases in the amount of $21.5 million were recorded for the year ended February 26, 2022. During the third quarter of fiscal 2022, an impairment of $3.0 million was recognized within other (income) expense within the consolidated results of operations related to a minority equity investment held by the Company. This represents a write-down of the entire investment in the other company. During the fourth quarter of fiscal 2022, based on the finalization of our plans for integrating the Sotawall business into the Architectural Services Segment, which was effective beginning in fiscal 2023, we determined that the related definite-lived intangible assets were impaired as of February 26, 2022. As such, a long-lived asset impairment charge Goodwill and intangible assets Goodwill Goodwill represents the excess of the cost over the net tangible and identified intangible assets of acquired businesses. We evaluate goodwill for impairment annually on the first day in our fiscal fourth quarter, or more frequently if events or changes in circumstances indicate the carrying value of the goodwill may not be recoverable. Evaluating goodwill for impairment involves the determination of the fair value of each reporting unit in which goodwill is recorded using a qualitative or quantitative analysis. A reporting unit is an operating segment or a component of an operating segment for which discrete financial information is available and reviewed by segment management on a regular basis. At the beginning of the first quarter of fiscal 2023, we began management of the Sotawall and Harmon businesses under the Architectural Services Segment in order to create a single, unified offering for larger custom curtainwall projects. In connection with the transition, leadership of our Sotawall and Harmon businesses was combined to form the Architectural Services reporting unit. We evaluated goodwill on a qualitative basis prior to and subsequent to this change for these reporting units and concluded no adjustment to the carrying value of goodwill was necessary as a result of this change. Concurrent with this change in composition of the operating segments effective at the start of our first quarter of fiscal 2023, goodwill was reallocated to the affected reporting units within each operating segment, using a relative fair value approach as outlined in ASC 350, Intangibles - Goodwill and Other . The reporting units for our fiscal 2024 annual impairment test align with reporting segments, with the exception of our Architectural Framing Systems Segment. This segment contains two reporting units, Window and Wall Systems and Storefront and Finishing Solutions, which represent $53.6 million and $35.7 million, of the goodwill balance at March 2, 2024, respectively. During the fourth quarter of fiscal 2024, as a result of an announced restructuring plan, we reassessed our reporting units, which led to a combination of the Window and Wall Systems and Storefront and Finishing Solutions reporting units into one Architectural Framing Systems reporting unit. We evaluated goodwill on a qualitative basis prior to and subsequent to this change and concluded that no adjustment to the carrying value of goodwill was necessary as a result of this change. In addition, no qualitative indicators of impairment were identified during the fourth quarter of fiscal 2024. Following this change, we have four reporting units, which align with our reporting segments. We estimate the fair value of a reporting unit using both the income approach and the market approach. The income approach uses a discounted cash flow methodology that involves significant judgment and projections of future performance. Assumptions about future revenues and future operating expenses, capital expenditures and changes in working capital are based on the annual operating plan and other business plans for each reporting unit. These plans take into consideration numerous factors, including historical experience, current and future operational plans, anticipated future economic conditions and growth expectations for the industries and end markets in which we participate. These projections are discounted using a weighted-average cost of capital, which considers the risk inherent in our projections of future cash flows. We determine the weighted-average cost of capital for this analysis by weighting the required returns on interest bearing debt and common equity capital in proportion to their estimated percentages in an expected capital structure, using published data where possible. We used discount rates that are commensurate with the risks and uncertainties inherent in the respective businesses and in the internally developed forecasts. The market approach uses a multiple of earnings and revenue based on guidelines for publicly traded companies. Intangible assets We have intangible assets for certain acquired trade names and trademarks which are determined to have indefinite useful lives. We test indefinite-lived intangible assets for impairment annually at the same measurement date as goodwill, the first day of our fiscal fourth quarter, or more frequently if events or changes in circumstances indicate that it is more likely than not that the asset is impaired. If the carrying amount of an indefinite-lived intangible asset exceeds its fair value, an impairment expense is recognized in an amount equal to that excess. If an impairment expense is recognized, the adjusted carrying amount becomes the asset's new accounting basis. Fair value of indefinite-lived intangible assets is measured using the relief-from-royalty method. This method assumes the trade name or trademark has value to the extent that the owner is relieved of the obligation to pay royalties for the benefits received from the asset. This method requires estimation of future revenue from the related asset, the appropriate royalty rate, and the weighted average cost of capital. The assessment of fair value involves significant judgment and projections about future performance. Definite-lived intangible assets are amortized based on estimated useful lives ranging from 18 months to 30 years and are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. We use undiscounted cash flows to determine whether impairment exists and measure any impairment loss using discounted cash flows to determine the fair value of long-lived assets. The estimated useful lives of all intangible assets are reviewed annually, and we have determined that the remaining lives were appropriate. Refer to Note 6 for additional information. Leases We have commercially negotiated leases where we recognize a right-of-use asset and lease liability on our consolidated balance sheet at lease commencement for leases with terms greater than twelve months. The initial lease liability is recognized at the present value of remaining lease payments over the lease term. Leases with an initial term of twelve months or less are not recorded on our consolidated balance sheet. We recognize lease expense for operating leases on a straight-line basis over the lease term. We combine lease and non-lease components, such as common area maintenance costs, in calculating the related asset and lease liabilities for all underlying asset groups. Refer to Note 8 for additional information. Self-Insurance We obtain commercial insurance to provide coverage for potential losses in areas such as employment practices, workers' compensation, directors and officers, automobile, architect's and engineer's errors and omissions, product rework and general liability. A substantial portion of this risk is retained on a self-insured basis through our wholly-owned insurance subsidiary. We establish a reserve for estimated ultimate losses on reported claims and those incurred but not yet reported utilizing actuarial projections. Reserves are classified within other current liabilities or non-current self-insurance reserves based on expectations of when the estimated loss will be paid. Additionally, we maintain a self-insurance reserve for health insurance programs offered to eligible employees, included within other current liabilities on the consolidated balance sheets. The reserve includes an estimate for losses on reported claims as well as for amounts incurred but not yet reported, based on historical trends. Warranty and project-related contingencies We are subject to claims associated with our products and services, principally as a result of disputes with our customers involving the performance or aesthetics of our architectural products and services. We reserve estimated exposures on known claims, as well as on a portion of anticipated claims for product warranty and rework costs, based on historical product liability claims as a ratio of sales. We also reserve for estimated backcharge exposures or other claims as they are known and reasonably estimable. Reserves are included in other current and non-current liabilities based on the estimated timing of dispute resolution. Foreign currency Local currencies are considered the functional currencies for our subsidiaries outside of the United States. Assets and liabilities of these subsidiaries are translated at the exchange rates at the balance sheet date. Income and expense items are translated using average monthly exchange rates. Translation adjustments are included in accumulated other comprehensive loss in the consolidated balance sheets. Derivatives and hedging activities We are exposed to, among other risks, the impact of changes in aluminum prices, foreign currency exchange rates, and interest rates in the normal course of business. In order to manage the exposure and volatility arising from these risks, we utilize derivative financial instruments to offset a portion of these risks. We use derivative financial instruments only to hedge identified business risks, and do not hold or issue derivative financial instruments for trading purposes and are not a party to leveraged derivatives. All derivative instruments within the scope of ASC 815, Derivatives and Hedging , are recorded as either assets or liabilities at fair value on the consolidated balance sheets. All hedging instruments that qualify for hedge accounting are designated and effective as hedges with changes recognized in other comprehensive earnings (loss). Instruments that do not qualify for hedge accounting are marked to market with changes recognized directly in earnings. Cash flows from derivative instruments are classified in the statements of cash flows in the same category as the cash flows from the items subject to designated hedge or undesignated (economic) hedge relationships. Refer to Note 4 for additional information. Revenue recognition Our significant accounting policy for revenue recognition follows ASC 606, Revenue from Contracts with Customers . We generate revenue from the design, engineering and fabrication of architectural glass, curtainwall, window, storefront and entrance systems, and from installing those products on non-residential buildings. We also manufacture value-added glass and acrylic products. Due to the diverse nature of our operations and various types of contracts with customers, we have businesses that recognize revenue at a point in time at shipment, businesses that recognize revenue following an over-time input method and businesses that recognize revenue following an over-time output method. Approximately 42% of our fiscal 2024 revenue was recognized at the time products were shipped from our manufacturing facilities, which is when control is transferred to our customer, consistent with past practices. These businesses do not generate contract-related assets or liabilities. Variable consideration associated with these contracts and orders, generally related to early pay discounts or volume rebates, is not considered significant. Approximately 34% of our fiscal 2024 revenue was from long-term, fixed-price contracts, following an over-time input method. The contracts for these businesses have a single, bundled performance obligation, as these businesses generally provide interrelated products and services and integrate these products and services into a combined output specified by the customer. The customer obtains control of this combined output, generally integrated window systems or installed window and curtainwall systems, over time. We measure progress on these contracts following an input method, by comparing total costs incurred to-date to the total estimated costs for the contract, and record that proport ion of the total contract price as revenue in the period. Contract costs include materials, labor and other direct costs related to contract performance. We believe this method of recognizing revenue is consistent with our progress in satisfying our contract obligations. Due to the nature of the work required under these long-term contracts, the estimation of total revenue and costs incurred throughout a project is subject to many variables and requires significant judgment. It is common for these contracts to contain potential bonuses or penalties which are generally awarded or charged upon certain project milestones or cost or timing targets, and these can be based on customer discretion. We estimate variable consideration at the most likely amount to which we expect to be entitled. We include estimated amounts in the transaction price to the extent that it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. Our estimates of variable consideration and determination of whether to include estimated amounts in the transaction price are based largely on our assessments of anticipated performance and all information (historical, current and forecasted) that is reasonably available to us. Long-term contracts are often modified to account for changes in contract specifications and requirements of work to be performed. We consider contract modifications to exist when the modification, generally through a change order, either creates new or changes existing enforceable rights and obligations, and we evaluate these types of modifications to determine whether they may be considered distinct performance obligations. In most cases, these contract modifications are for goods or services that are not distinct from the existing contract, due to the significant integration service provided in the context of the contract. Therefore, these modifications are accounted for as part of the existing contract. The effect of a contract modification on the transaction price and our measure of progress is recognized as an adjustment to revenue, generally on a cumulative catch-up basis. Typically, under these fixed-price contracts, we bill our customers following an agreed-upon schedule based on work performed. Because the progress billings do not generally correspond to our measurement of revenue on a contract, we generate contract assets when we have recognized revenue in excess of the amount billed to the customer. We generate contract liabilities when we have billed the customer in excess of revenue recognized on a contract. A pproximately 24% of our fiscal 2024 revenue was recognized following an over-time output method based upon units produced. The customer is considered to have control over the products at the time of production, as the products are highly customized with no alternative use, and we have an enforceable right to payment for performance completed over the production p eriod. We believe this over-time output method of recognizing revenue reasonably depicts the fulfillment of our performance obligations under our contracts. Billings still occur upon shipment. Therefore, contract assets are generated for the unbilled amounts on contracts when production is complete. Variable consideration associated with these orders, generally related to early pay discounts, is not considered significant. Additionally, we have made the following policy elections associated with revenue recognition: • We account for shipping and handling activities that occur after control of the related goods transfers to the customer as fulfillment activities, instead of assessing such activities as performance obligations. • We exclude from the transaction price all sales taxes related to revenue-producing transactions that are collected from the customer for a government authority. We are considered a pass-through conduit for collecting and remitting sales taxes. • We generally expense incremental costs of obtaining a contract when incurred because the amortization period would be less than one year. These costs primarily relate to sales commissions and are included in selling, general and administrative expenses. • We do not adjust contract price for a significant financing component, as we expect the period between when our goods and services are transferred to the customer and when the customer pays for those goods and services to be less than a year. Shipping and handling Amounts billed to a customer in a sales transaction related to shipping and handling are reported as revenue. Costs we incur for shipping and handling are reported as cost of sales. Restructuring Restructuring charges are recorded as a result of fundamental changes in the manner in which certain business functions are conducted, including initiatives to drive earnings and cash flow growth and to realign and simplify our business structure. These charges primarily consist of employee severance benefits, asset impairments on property, plant and equipment and operating lease assets and termination penalties for facility closures and consolidations. We record restructuring accruals when it is probable that a liability has been incurred and the amount of the liability is reasonably estimable. To the extent our assumptions and estimates differ from our actual costs, subsequent adjustments to restructuring accruals have been and will be required. Restructuring accruals for severance-related costs are included in accrued compensation and related benefits and accruals for remaining obligations and termination penalties are included in other current liabilities in our consolidated balance sheets. Refer to Note 16 for additional information. Research and development Research and development activities include the development of new products, the modification of existing product designs, and research related to process improvements. Our research and development expenses were $30.3 million, $25.5 million and $17.3 million for fiscal 2024, 2023 and 2022, respectively. These costs are expensed as incurred. Advertising Advertising costs are expensed as incurred within selling, general and administrative expenses, and were $1.3 million in fiscal 2024 and $1.2 million in fiscal 2023 and 2022. Income taxes The Company recognizes deferred tax assets and liabilities based upon the future tax consequences of temporary differences between financial statement carrying amounts of assets and liabilities and their respective tax bases. Refer to Note 13 for additional information. Subsequent events We have evaluated subsequent events for potential recognition and disclosure through the date of this filing and determined that there were no subsequent events that required recognition or disclosure in the consolidated financial statements. Adoption of new accounting standards At the beginning of fiscal 2024, we adopted the guidance in ASU 2022-04, Liabilities – Supplier Finance Programs, Disclosure of Supplier Finance Program Obligations. The guidance requires that entities that use supplier finance programs disclose information about the nature and potential magnitude of the programs, activity during the period, and changes from period to period. Beginning in the first quarter, we implemented a supplier financing arrangement with U.S. Bank that enables our suppliers, at their sole discretion, to sell the Company's receivables (i.e., our payment obligations to the suppliers) to U.S. Bank on a non-recourse basis in order to be paid earlier than our payment terms provide. Our suppliers’ voluntary inclusion of invoices in the supplier financing arrangement has no bearing on our payment terms, the amounts we pay, or our liquidity. We have no economic interest in a supplier’s decision to participate in the supplier financing program, and we do not provide any guarantees in connection with it. These balances are reflected in accounts payable in the consolidated balance sheets and are reflected in net cash provided by operating activities in our consolidated statements of cash flows when settled. The following table summarizes the obligation activity and outstanding as of March 2, 2024 that we have confirmed as valid to the administrators of our program with U.S. Bank: (In thousands) 2024 Balance at beginning of period $ — Obligations added to the program 33,133 Obligations settled (26,606) Balance at end of period $ 6,527 At the beginning of fiscal 2022, we adopted the guidance in ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes . The amendments in this ASU removed exceptions on intra-period tax allocations and reporting and provided simplification on accounting for franchise taxes, tax basis goodwill and tax law changes. The adoption of this ASU did not have a significant impact on the consolidated financial statements. At the beginning of fiscal 2022, we adopted the guidance in ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting . The amendments in this ASU apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The adoption of this ASU did not have a significant impact on the consolidated financial statements. Accounting standards not yet adopted In November 2023, the FASB issued ASU 2023-07, Improvements to Reportable Segment Disclosures , which expands the required disclosure for reportable segments. This guidance requires entities to disclose significant segment expenses and other segment items on an annual and interim basis and to provide in interim periods all segment disclosures which are currently required annually. This ASU additionally requires entities to disclose the title and position of the individual or the name of the group or committee identified as its chief operating decision-maker. Such guidance, which is required to be applied retrospectively, is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, although early adoption is permitted. While the adoption of this ASU will not have an impact on our financial position and/or results of operations, we are currently evaluating the impact to our segment disclosures. In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures , intended to enhance the transparency and decision-usefulness of income tax disclosures. Such guidance requires entities to provide additional information within their income tax rate reconciliation, including further disclosure of federal, state, and foreign income taxes and to provide more details about these reconciling items if a quantitative threshold is met. This guidance additionally requires expanded disclosure of income taxes paid, including amounts paid for federal, state, and foreign taxes. This ASU, which is required to be applied prospectively, is effective for fiscal years beginning after December 15, 2024, although early adoption and retrospective application is permitted. While the adoption of this ASU will not have an impact on our financial position and/or results of operations, we are currently evaluating the impact on our income tax disclosures, including the processes and controls around the collection of this information.

Revenue, Receivables and Contra

Revenue, Receivables and Contract Assets and Liabilities	12 Months Ended
	Mar. 02, 2024
Revenue from Contract with Customer [Abstract]
Revenue, Receivables and Contract Assets and Liabilities	Revenue, Receivables and Contract Assets and Liabilities Revenue The following table disaggregates total revenue by timing of recognition (see Note 15 for disclosure of revenue by segment): March 2, 2024 February 25, 2023 February 26, 2022 (In thousands) (53 weeks) (52 weeks) (52 weeks) Recognized at shipment $ 596,270 $ 649,792 $ 551,783 Recognized over time (input method) 483,109 514,826 503,972 Recognized over time (output method) 337,563 276,078 258,222 Total $ 1,416,942 $ 1,440,696 $ 1,313,977 Receivables Receivables reflected in the financial statements represent the net amount expected to be collected. An allowance for credit losses is established based on expected losses. Expected losses are estimated by reviewing individual accounts, considering aging, financial condition of the debtor, recent payment history, current and forecast economic conditions and other relevant factors. Upon billing, aging of receivables is monitored until collection. An account is considered current when it is within agreed upon payment terms. An account is written off when it is determined that the asset is no longer collectible. Retainage on construction contracts represents amounts withheld by our customers on long-term projects until the project reaches a level of completion where amounts are released. (In thousands) 2024 2023 Trade accounts $ 115,061 $ 140,732 Construction contracts 61,879 58,331 Total receivables 176,940 199,063 Less: allowance for credit losses 3,383 1,796 Receivables, net $ 173,557 $ 197,267 The following table summarizes the activity in the allowance for credit losses: (In thousands) 2024 2023 Beginning balance $ 1,796 $ 2,132 Additions charged to costs and expenses 2,473 394 Deductions from allowance, net of recoveries (901) (686) Other deductions 15 (44) Ending balance $ 3,383 $ 1,796 Contract assets and liabilities Contract assets consist of retainage, costs and earnings in excess of billings and other unbilled amounts typically generated when revenue recognized exceeds the amount billed to the customer. Retainage on construction contracts represents amounts withheld by our customers on long-term projects until the project reaches a level of completion where amounts are released to us from the customer. Contract liabilities consist of billings in excess of costs and earnings and other unearned revenue on contracts. The time period between when performance obligations are complete and when payment is due is not significant. In certain of our businesses that recognize revenue over time, progress billings follow an agreed-upon schedule of values. (In thousands) March 2, 2024 February 25, 2023 Contract assets $ 49,502 $ 59,403 Contract liabilities 34,755 28,011 The change in contract assets and contract liabilities was due to timing of project activity from businesses that operate under long-term contracts. Other contract-related disclosures March 2, 2024 February 25, 2023 (In thousands) (53 weeks) (52 weeks) Revenue recognized related to contract liabilities from prior year-end $ 25,342 $ 37,594 Revenue recognized related to prior satisfaction of performance obligations 9,257 16,612 Some of our contracts have an expected duration of longer than a year, with performance obligations extending over that time frame. Generally, these contracts are found in our businesses that typically operate with long-term contracts, which recognize revenue over time. The transaction price associated with unsatisfied performance obligations at March 2, 2024 are expected to be satisfied, and the corresponding revenue to be recognized, over the following estimated time periods: (In thousands) March 2, 2024 Within one year $ 460,881 Within two years 305,704 Beyond two years 119,700 Total $ 886,285

Supplemental Balance Sheet Info

Supplemental Balance Sheet Information	12 Months Ended
	Mar. 02, 2024
Working Capital [Abstract]
Supplemental Balance Sheet Information	Supplemental Balance Sheet Information Inventories (In thousands) 2024 2023 Raw materials $ 31,363 $ 36,869 Work-in-process 12,291 18,024 Finished goods 25,586 23,548 Total inventories, net $ 69,240 $ 78,441 Other current liabilities (In thousands) 2024 2023 Warranties and backcharges $ 18,874 $ 14,872 Accrued self-insurance reserves 17,592 14,447 Income and other taxes 7,202 7,129 Other 15,440 28,084 Total other current liabilities $ 59,108 $ 64,532 Other non-current liabilities (In thousands) 2024 2023 Deferred warranty revenue $ 10,274 $ 10,352 Deferred benefit from New Markets Tax Credit transactions 9,250 9,250 Deferred compensation plan 5,938 5,577 Retirement plan obligations 4,769 5,749 Deferred tax liabilities 1,456 1,417 Other 12,188 11,838 Total other non-current liabilities $ 43,875 $ 44,183

Financial Instruments

Financial Instruments	12 Months Ended
	Mar. 02, 2024
Marketable Securities [Abstract]
Financial Instruments	Financial Instruments Marketable Securities Through our wholly-owned insurance subsidiary, Prism Assurance, Ltd. (Prism), we hold the following available-for-sale marketable securities, made up of municipal and corporate bonds: (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value March 2, 2024 $ 11,327 $ 15 $ 437 $ 10,905 February 25, 2023 10,647 — 702 9,945 Prism insures a portion of our general liability, workers' compensation and automobile liability risks using reinsurance agreements to meet statutory requirements. The reinsurance carrier requires Prism to maintain fixed-maturity investments, for the purpose of providing collateral for Prism's obligations under the reinsurance agreements. The amortized cost and estimated fair values of our municipal and corporate bonds at March 2, 2024, 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. Investments that are due within one year are included in other current assets while those due after one year are included as other non-current assets. Gross realized gains and losses were insignificant for all periods presented. (In thousands) Amortized Cost Estimated Fair Value Due within one year $ 2,820 $ 2,798 Due after one year through five years 8,507 8,107 Total $ 11,327 $ 10,905 Derivative instruments We use interest rate swaps, currency put options, and forward purchase contracts to manage risks generally associated with foreign exchange rate, interest rate and commodity price fluctuations. The information that follows explains the various types of derivatives and financial instruments we use, how such instruments are accounted for, and how such instruments impact our financial position and performance. In fiscal 2020, we entered into an interest rate swap with a notional value of $30 million with an expiration date of February 5, 2026, to hedge a portion of our exposure to variability in cash flows from interest payments on our floating-rate revolving credit facility. We periodically enter into forward purchase contracts to manage the risk associated with fluctuations in foreign currency rates (primarily related to the Canadian dollar and Euro) and aluminum prices, generally with an original maturity date of less than one year. As of March 2, 2024, we held foreign exchange option contracts and aluminum purchase contracts with U.S. dollar notional values of $1.4 million and $9.3 million, respectively. The mark to market adjustments on these derivative instruments are recorded within our consolidated balance sheets within other current assets and other current liabilities. Gains or losses associated with these instruments are recorded as a component of accumulated other comprehensive loss until which time the hedged transaction is settled and gains or losses are reclassified to earnings. 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). We do not have any Level 3 assets or liabilities. Financial assets and liabilities measured at fair value on a recurring basis were: (In thousands) Quoted Prices in Other Observable Inputs (Level 2) Total Fair Value March 2, 2024 Assets: Money market funds $ 26,529 $ — $ 26,529 Municipal and corporate bonds — 10,905 10,905 Foreign currency option contract — 3 3 Interest rate swap contract — 1,292 1,292 Liabilities: Aluminum hedging contract — 529 529 February 25, 2023 Assets: Money market funds $ 8,062 $ — $ 8,062 Municipal and corporate bonds — 9,945 9,945 Interest rate swap contract — 1,817 1,817 Liabilities: Foreign currency option contract — 206 206 Aluminum hedging contract — 1,075 1,075 Money market funds and commercial paper Fair value of money market funds was determined based on quoted prices for identical assets in active markets. Commercial paper was measured at fair value using inputs based on quoted prices for similar securities in active markets. These assets are included within cash and cash equivalents on our consolidated balance sheets. Municipal and corporate bonds Municipal and corporate bonds were measured at fair value based on market prices from recent trades of similar securities and are classified within our consolidated balance sheets as other current or other non-current assets based on maturity date. Derivative instruments The interest rate swap is measured at fair value using other observable market inputs, based off benchmark interest rates. Forward foreign exchange and forward purchase aluminum contracts are measured at fair value using other observable market inputs, such as quotations on forward foreign exchange points, foreign currency exchange rates and forward purchase aluminum prices. Derivative positions are primarily valued using standard calculations and models that use as their basis readily observable market parameters. Industry standard data providers are our primary source for forward and spot rate information for interest and currency rates and aluminum prices. Nonrecurring fair value measurements We measure certain financial instruments at fair value on a nonrecurring basis including goodwill, intangible assets, property and equipment and right-of-use lease assets. These assets were initially measured and recognized at amounts equal to the fair value determined as of the date of acquisition or purchase, subject to changes in value only for foreign currency translation. Periodically, these assets are tested for impairment, by comparing their respective carrying values to the estimated fair value of the reporting unit or asset group in which they reside. In the event any of these assets were to become impaired, we would recognize an impairment expense equal to the amount by which the carrying value of the reporting unit, impaired asset or asset group exceeds its estimated fair value.

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Mar. 02, 2024
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment (In thousands) 2024 2023 Land $ 3,637 $ 3,600 Buildings and improvements 189,675 188,949 Machinery and equipment 391,236 376,721 Computer and office equipment and furniture 62,586 69,465 Construction in progress 42,099 41,842 Total property, plant and equipment 689,233 680,577 Less: accumulated depreciation 445,017 431,710 Net property, plant and equipment $ 244,216 $ 248,867 Depreciation expense was $37.6 million, $38.2 million, and $42.2 million in fiscal 2024, 2023, and 2022, respectively.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Mar. 02, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill Refer to Note 1 to the consolidated financial statements for a description of the Accounting Policy related to Goodwill. Goodwill represents the excess of the cost over the net tangible and identified intangible assets of acquired businesses. We evaluate goodwill for impairment annually as of the first day of our fiscal fourth quarter, or more frequently if events or changes in circumstances indicate the carrying value of goodwill may not be recoverable, as described in Note 1. Based on the impairment analysis performed in the fourth quarter, estimated fair value was in excess of carrying value at all of our reporting units. The carrying amount of goodwill attributable to each reporting segment was: (In thousands) Architectural Framing Systems Architectural Glass Architectural Services Large-Scale Optical Total Balance at February 26, 2022 $ 93,181 $ 25,244 $ 1,120 $ 10,557 $ 130,102 Reallocation among reporting units (1) (2,048) — 2,048 — — Foreign currency translation (996) 57 (137) — (1,076) Balance at February 25, 2023 90,137 25,301 3,031 10,557 129,026 Foreign currency translation 49 100 7 — 156 Balance at March 2, 2024 $ 90,186 $ 25,401 $ 3,038 $ 10,557 $ 129,182 (1) Represents the reallocation of goodwill as a result of transitioning Sotawall from the Architectural Framing Systems Segment to the Architectural Services Segment as of the start of the first quarter of fiscal 2023. Intangible assets Indefinite-lived intangible assets We have intangible assets for certain acquired trade names and trademarks which are determined to have indefinite useful lives. We test indefinite-lived intangible assets for impairment annually at the same measurement date as goodwill, the first day of our fiscal fourth quarter, or more frequently if events or changes in circumstances indicate that it is more likely than not that the asset is impaired as described in Note 1. Based on our annual analysis, the fair value of each of our trade names and trademarks exceeded the carrying amount. During fiscal 2022, as a result of triggering events resulting from the finalization of our plans for integrating the Sotawall business into the Architectural Services Segment, beginning in fiscal 2023, it was determined that the carrying value of the Sotawall trade name exceeded fair value by $12.7 million as it was determined to have an immaterial fair value, resulting in the trade name being fully impaired Definite-lived intangible assets Long-lived assets or asset groups, including intangible assets subject to amortization and property and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of those assets may not be recoverable, as described in Note 1. Due to triggering events as a result of finalization of our plans for integrating the Sotawall business into the Architectural Services Segment, beginning in fiscal 2023, we determined that certain related finite-lived intangible assets were impaired as of February 26, 2022. As such, a long-lived asset impairment charge of $36.7 million in finite-lived intangible assets was recognized in the fourth quarter of fiscal year 2022. The gross carrying amount of our intangible assets and related accumulated amortization was: (In thousands) Gross Carrying Amount Accumulated Foreign Net March 2, 2024 Definite-lived intangible assets: Customer relationships $ 86,798 $ (53,200) $ 246 $ 33,844 Other intangibles 37,505 (32,250) 150 5,405 Total 124,303 (85,450) 396 39,249 Indefinite-lived intangible assets: Trademarks 26,851 — 14 26,865 Total intangible assets $ 151,154 $ (85,450) $ 410 $ 66,114 February 25, 2023 Definite-lived intangible assets: Customer relationships $ 89,495 $ (49,404) $ (2,697) $ 37,394 Other intangibles 39,404 (35,229) (1,045) 3,130 Total 128,899 (84,633) (3,742) 40,524 Indefinite-lived intangible assets: Trademarks 27,129 — (278) 26,851 Total intangible assets $ 156,028 $ (84,633) $ (4,020) $ 67,375 Amortization expense on finite-lived intangible assets was $4.9 million, $4.2 million and $7.8 million in fiscal 2024, 2023 and 2022, respectively. All amortization expense is included within selling, general and administrative expenses. Estimated future amortization expense for finite-lived intangible assets is: (In thousands) 2025 2026 2027 2028 2029 Estimated amortization expense $ 4,824 $ 4,824 $ 4,822 $ 4,801 $ 4,167

Debt

Debt	12 Months Ended
	Mar. 02, 2024
Debt Disclosure [Abstract]
Debt	Debt As of March 2, 2024, we had a committed revolving credit facility with Wells Fargo Bank, N.A. as administrative agent, and other lenders (U.S. credit facility) with maximum borrowings of up to $385 million and a maturity of August 5, 2027. Outstanding borrowings under the revolving credit facility were $50.0 million and $156.0 million as of March 2, 2024 and February 25, 2023, respectively. We also maintain two Canadian committed, revolving credit facilities with the Bank of Montreal totaling $25.0 million USD (Canadian facilities). The Canadian facilities expire annually in February, but can be renewed each year solely at our discretion until August 5, 2027. Therefore, we classify all outstanding amounts under these facilities as long-term debt within our consolidated balance sheets. At March 2, 2024, we had no outstanding borrowings under these Canadian facilities. At February 25, 2023, outstanding borrowings under these Canadian facilities were $1.8 million. Our revolving credit facilities contain two maintenance financial covenants that require us to stay below a maximum debt-to-EBITDA ratio of 3.25 and maintain a minimum ratio of EBITDA-to-interest expense of 3.00. Both ratios are computed quarterly, with EBITDA calculated on a rolling four-quarter basis. At March 2, 2024, we were in compliance with both financial covenants. The revolving credit facilities also contain an acquisition holiday. In the event we make an acquisition for which the purchase price is greater than $75 million, we can elect to increase the maximum debt-to-EBITDA ratio to 3.75 for a period of four consecutive fiscal quarters, commencing with the fiscal quarter in which a qualifying acquisition occurs. No more than two acquisition "holidays" can occur during the term of the facilities, and at least two fiscal quarters must separate qualifying acquisitions. Borrowings under the credit facilities bear floating interest at either the Base Rate or Term Secured Overnight Financing Rate (SOFR), or, in the case of the Canadian facilities, Canadian Overnight Repo Rate Average (CORRA) plus, in each a margin based on the Leverage Ratio (as defined in the Credit Agreements). For Base Rate borrowings, the margin ranges from 0.125% to 0.75%. For Term SOFR and CORRA borrowings, the margin ranges from 1.125% to 1.75%, with an incremental Term SOFR and CORRA adjustment of 0.10% and 0.29547%. The U.S. credit facility also contains an "accordion" provision. Under this provision, we can request that the facility be increased by as much as $200.0 million. Any Lender may elect or decline to participate in the requested increase at the Lender’s sole discretion. At March 2, 2024, we had a total of $15.0 million of ongoing letters of credit related to industrial revenue bonds, construction contracts and insurance collateral that expire in fiscal year 2025 and reduce borrowing capacity under the revolving credit facility. As of March 2, 2024, the amount available for revolving borrowings was $320.0 million and $25.0 million under the U.S. credit facility and Canadian facilities, respectively. At March 2, 2024, debt included $12.0 million of industrial revenue bonds that mature in fiscal years 2036 through 2043. The fair value of our U.S. credit facility, Canadian credit facilities and industrial revenue bonds approximated carrying value at March 2, 2024, and would be classified as Level 2 within the fair value hierarchy described in Note 4, due to the variable interest rates on these instruments. Debt maturities and other selected information follows: (In thousands) 2025 2026 2027 2028 2029 Thereafter Total Maturities $ — $ — $ — $ 50,000 $ — $ 12,000 $ 62,000 (In thousands, except percentages) 2024 2023 Average daily borrowings during the year $ 130,939 $ 225,773 Weighted average interest rate during the year 6.03 % 3.54 % (In thousands) March 2, 2024 February 25, 2023 February 26, 2022 Interest on debt $ 8,704 $ 8,558 $ 3,228 Interest rate swap (income) expense (893) (418) 467 Other interest expense 178 294 866 Interest expense, net $ 7,989 $ 8,434 $ 4,561 Interest payments were $9.3 million in fiscal 2024, $8.2 million in fiscal 2023 and $3.5 million in fiscal 2022.

Leases

Leases	12 Months Ended
	Mar. 02, 2024
Leases [Abstract]
Leases	Leases We have operating leases for certain of the buildings and equipment used in our operations. We determine if an arrangement contains a lease at inception. Under ASU 2016-20, Leases , we have elected the package of practical expedients permitted under the transition guidance in adopting ASC 842, which, among other things, allowed us to carry forward our historical lease classification. Operating lease assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. Lease expense is recognized on a straight-line basis over the lease term. Our leases have remaining lease terms of one We have made an accounting policy election not to record leases with an original term of twelve months or less on our consolidated balance sheet; such leases are expensed on a straight-line basis over the lease term. As of March 2, 2024, we have one additional future operating lease commitment of $13.7 million that is signed but has not yet commenced, for one facility located in Texas within our Architectural Services Segment. In determining lease asset value, we consider fixed or variable payment terms, prepayments, incentives, and options to extend, terminate or purchase. Renewal, termination or purchase options affect the lease term used for determining lease asset value only if the option is reasonably certain to be exercised. We use a discount rate for each lease based upon an estimated incremental borrowing rate over a similar term. We have elected the practical expedient to account for lease and non-lease components (e.g., common-area maintenance costs) as a single lease component. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. The components of lease expense were as follows: (In thousands) March 2, 2024 February 25, 2023 Operating lease cost $ 14,312 $ 12,336 Short-term lease cost 1,349 1,579 Variable lease cost 2,629 3,487 Sublease income (1,479) (671) Total lease cost $ 16,811 $ 16,731 Other supplemental information related to leases are as follows: (In thousands) March 2, 2024 February 25, 2023 Cash paid for amounts included in the measurement of operating lease liabilities $ 14,656 $ 14,086 Lease assets obtained in exchange for new operating lease liabilities $ 11,883 $ 11,359 Weighted-average remaining lease term - operating leases 4.0 years 4.5 years Weighted-average discount rate - operating leases 3.2 % 3.1 % Future maturities of lease liabilities are as follows: (In thousands) 2024 Fiscal 2025 $ 12,498 Fiscal 2026 11,206 Fiscal 2027 10,845 Fiscal 2028 6,421 Fiscal 2029 1,991 Thereafter 1,826 Total lease payments 44,787 Less: Amounts representing interest 594 Present value of lease liabilities $ 44,193

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Mar. 02, 2024
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans 401(k) Retirement Plan We sponsor a single 401(k) retirement plan covering substantially all full-time, non-union employees, as well as union employees at two of our manufacturing facilities. Under the plan, employees are allowed to contribute up to 60% of eligible earnings to the plan, up to statutory limits. On January 1, 2023, we began matching 100% of the first two percent contributed and 50% of the next four percent contributed on eligible compensation that non-union employees contribute. Previously, we matched 100% of the first one percent contributed and 50% of the next five percent contributed on eligible compensation that non-union employees contribute. We contribute to the union plans based on the contractual terms. In total, our matching contributions were $9.6 million in fiscal 2024, $8.6 million in fiscal 2023 and $7.7 million in fiscal 2022. Deferred Compensation Plan We maintain a plan that allows participants to defer compensation. The deferred compensation liability was $5.9 million and $9.5 million at March 2, 2024 and February 25, 2023, respectively. We have investments in corporate-owned life insurance policies (COLI) of $8.5 million and money market funds (classified as cash equivalents) of $0.3 million with the intention of utilizing them as long-term funding sources for this plan. The COLI assets are recorded at their net cash surrender values and are included in other non-current assets in the consolidated balance sheets. Plans under Collective Bargaining Agreements We contribute to a number of multi-employer union retirement plans, which provide retirement benefits to the majority of our union-represented employees; none of the plans is considered significant. However, the risks of participating in these multi-employer plans are different from single-employer plans in the following aspects: • Assets contributed to these plans by one employer may be used to provide benefits to employees of other participating employers • If a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers • If we choose to stop participating in some of these plans, we may be required to pay those plans an amount based on the underfunded status of the plan, referred to as a withdrawal liability Our participation in these plans is outlined in the following table. The most recent Pension Protection Act zone status available in 2024 and 2023 relates to the plan years ending December 31, 2023 and December 31, 2022, respectively. The zone status is based on information that we have received from each plan, certified by an actuary. Among other factors, plans in the red zone are generally less than 65% funded, plans in the yellow zone are between 65% and 80% funded, and plans in the green zone are at least 80% funded. Pension Protection Act Zone Status Contributions (In thousands) Pension Fund EIN/Pension Plan Number 2024 2023 2024 2023 2022 FIP/RP Status Pending/Implemented (2) Minimum Contribution Surcharge Imposed Expiration Date of Collective Bargaining Agreement (1) Iron Workers Local Union No. 5 and Iron Workers Employers Association Employees Pension Trust Fund 521075473 Green Green $ 1,015 $ 1,359 $ 1,454 No No No 5/31/2017 International Painters and Allied Trades Industry Pension Fund 526073909 Red Red 971 869 932 Implemented No No 11/30/2017 Ironworkers Local 580 Pension Fund 136178514 Green Green 883 596 31 Implemented No Yes 6/30/2023 Western Glaziers Retirement Plan (Washington) 916123685 Green Green 423 815 160 No No No 6/30/2017 Iron Workers Mid-America Pension Fund 366488227 Green Green 237 429 431 No No No 5/31/2017 Glazier's Union Local 27 Pension and Retirement Plan 366034076 Green Green 145 174 290 No No No 5/31/2017 Atlanta Ironworkers Local Union 387 Pension Plan 586051152 Green Green 109 125 209 No No No 1/31/2017 Western Glaziers Retirement Fund (Oregon and Southwest Washington) 936074376 Green Green 22 441 — No No No 11/30/2017 Other funds 801 493 530 Total contributions $ 4,606 $ 5,301 $ 4,037 (1) Plans include contributions required by collective bargaining agreements which have expired, but contain provisions automatically renewing their terms in the absence of a subsequent negotiated agreement. (2) FIP is defined as Funding Improvement Plan; RP is defined as Rehabilitation Plan The Company was listed in the plans' Forms 5500 as providing more than 5% of the total contributions for the following plans and plan years: Pension Fund Year contributions to Plan Exceeded More Than 5 Percent of Total Contributions Iron Workers Local Union No. 5 and Iron Workers Employers Association Employees Pension Trust Fund 2024, 2023 and 2022 Western Glaziers Retirement Plan (Washington) 2022 Iron Workers Mid-America Pension Fund 2023 and 2022 Atlanta Ironworkers Local Union 387 Pension Plan 2023 Amounts contributed in fiscal 2024, 2023, and 2022 to defined contribution multiemployer plans were $2.2 million, $2.2 million and $1.6 million, respectively. Obligations and Funded Status of Defined-Benefit Pension Plans We sponsor the Tubelite Inc. Hourly Employees' Pension Plan, a defined-benefit pension plan that was frozen to new entrants in fiscal 2004, with no additional benefits accruing to plan participants after such time. We also sponsor an unfunded SERP, a defined-benefit pension plan that was frozen to new entrants in fiscal 2009, with no additional benefits accruing to plan participants after such time. The following tables present reconciliations of the benefit obligation and the funded status of these plans. The Tubelite plan uses a measurement date as of the calendar month-end closest to our fiscal year-end, while the SERP uses a measurement date aligned with our fiscal year-end. (In thousands) 2024 2023 Change in projected benefit obligation Benefit obligation beginning of period $ 10,260 $ 12,405 Interest cost 497 380 Actuarial gain (973) (1,484) Benefits paid (887) (1,041) Benefit obligation at measurement date 8,897 10,260 Change in plan assets Fair value of plan assets beginning of period $ 3,992 $ 5,044 Actual return on plan assets 53 (706) Company contributions 635 695 Benefits paid (887) (1,041) Fair value of plan assets at measurement date 3,793 3,992 Underfunded status $ (5,104) $ (6,268) The funded status was recognized in the consolidated balance sheets as follows: (In thousands) 2024 2023 Other non-current assets $ 111 $ 161 Current liabilities (446) (680) Other non-current liabilities (4,769) (5,749) Total $ (5,104) $ (6,268) The following was included in accumulated other comprehensive loss and has not yet been recognized as a component of net periodic benefit cost: (In thousands) 2024 2023 Net actuarial loss $ 2,851 $ 3,968 The net actuarial gain recognized in comprehensive earnings, net of tax expense, was $0.9 million in fiscal 2024, and $0.7 million in fiscal 2023. Components of the defined-benefit pension plans' net periodic benefit cost: (In thousands) 2024 2023 2022 Interest cost $ 497 $ 380 $ 339 Expected return on assets (120) (84) (85) Amortization of unrecognized net loss 62 254 270 Net periodic benefit cost $ 439 $ 550 $ 524 Total net periodic pension benefit cost is expected to be approximately $0.5 million in fiscal 2025. The estimated net actuarial gain for the defined-benefit pension plans that will be amortized from accumulated other comprehensive loss into net periodic benefit cost for fiscal 2025 is $0.2 million, net of tax expense. Additional Information Assumptions Benefit Obligation Weighted-Average Assumptions 2024 2023 2022 Discount rate 5.15 % 5.10 % 3.20 % Net Periodic Benefit Expense Weighted-Average Assumptions 2024 2023 2022 Discount rate 5.10 % 3.20 % 2.60 % Expected long-term rate of return on assets 4.50 % 2.75 % 2.50 % Discount rate. The discount rate reflects the current rate at which the defined-benefit plans' pension liabilities could be effectively settled at the end of the year based on the measurement date. The discount rate was determined by matching the expected benefit payments to payments from the Principal Discount Yield Curve. There are no known or anticipated changes in the discount rate assumption that will have a significant impact on pension expense in fiscal 2025. Expected return on assets. The expected long-term rate of return on assets is based on historical long-term rates of return achieved by the plan investments, the plan's investment strategy, and current and projected market conditions. During fiscal 2019, the assets of the Tubelite plan were moved from investment in a short-term bond fund to various duration fixed income funds. The investments are carried at fair value based on prices from recent trades of similar securities, which would be classified as Level 2 in the valuation hierarchy. We do not maintain assets intended for the future use of the SERP. Contributions Company contributions to the plans for fiscal 2024 were $0.6 million and fiscal 2023 were $0.7 million, which equaled or exceeded the minimum funding requirements. Estimated Future Benefit Payments The following benefit payments, which reflect expected future service, are expected to be paid by the plans: (In thousands) 2025 2026 2027 2028 2029 2030-2034 Estimated future benefit payments $ 826 $ 795 $ 793 $ 780 $ 767 $ 3,526

Commitments and Contingent Liab

Commitments and Contingent Liabilities	12 Months Ended
	Mar. 02, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	Commitments and Contingent Liabilities Bond commitments In the ordinary course of business, predominantly in the Architectural Services and Architectural Framing Systems Segments, we are required to provide surety or performance bonds that commit payments to our customers for any non-performance. At March 2, 2024, $1.3 billion of these types of bonds were outstanding, of which, $463.3 million is on our backlog. These bonds have expiration dates that align with completion of the purchase order or contract. We have never been required to make payments under surety or performance bonds with respect to our existing businesses. Warranty and project-related contingencies We reserve estimated exposures on known claims, as well as on a portion of anticipated claims, for product warranty and rework costs, based on historical product liability claims as a ratio of sales. 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, changes in product mix, and any significant changes in sales volume. (In thousands) 2024 2023 Balance at beginning of period $ 17,893 $ 13,923 Additional accruals 15,775 13,621 Claims paid (12,306) (9,651) Balance at end of period $ 21,362 $ 17,893 Additionally, we are subject to project management and installation-related contingencies as a result of our fixed-price material supply and installation service contracts, primarily in our Architectural Services segment and certain of our Architectural Framing Systems businesses. We manage the risk of these exposures through contract negotiations, proactive project management and insurance coverages. Letters of credit At March 2, 2024, we had $15.0 million of ongoing letters of credit, all of which have been issued under our revolving credit facility, as discussed in Note 7. Purchase obligations Purchase obligations for raw material commitments and capital expenditures totaled $41.2 million as of March 2, 2024. Environmental liability In fiscal 2008, we acquired one manufacturing facility which has certain historical environmental conditions. Remediation of these conditions is ongoing without significant disruption to our operations. The estimated remaining liability for these remediation activities New Markets Tax Credit (NMTC) transactions We have two outstanding NMTC arrangements which help to support operational expansion. Proceeds received from investors on these transactions are included within other non-current liabilities on our consolidated balance sheets. The NMTC arrangements are subject to 100% tax credit recapture for a period of seven years from the date of each respective transaction. Upon the termination of each arrangement, these proceeds will be recognized in earnings in exchange for the transfer of tax credits. The direct and incremental costs incurred in structuring these arrangements have been deferred and are included in other non-current assets on our consolidated balance sheets. These costs will be recognized in conjunction with the recognition of the related proceeds on each arrangement. During the construction phase or for working capital purposes for each project, we are required to hold cash dedicated to fund each capital project which is classified as restricted cash on our consolidated balance sheets. Variable-interest entities, which have been included within our consolidated financial statements, have been created as a result of the structure of these transactions, as investors in the programs do not have a material interest in their underlying economics. During the second quarter of fiscal 2024, one NMTC transaction was settled as expected and as a result, a $4.7 million benefit was recorded in other (income) expense, net. The table below provides a summary of our outstanding NMTC transactions (in thousands): Inception date Termination date Proceeds received Deferred costs Net benefit May 2022 (1) August 2025 $ 6,052 $ 1,604 $ 4,448 September 2018 September 2025 3,198 1,031 2,167 Total $ 9,250 $ 2,635 $ 6,615 (1) Continuation of the August 2018 NMTC financing transaction Litigation

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Mar. 02, 2024
Equity [Abstract]
Stockholders' Equity	Shareholders' Equity Share Repurchases During fiscal 2004, the Board of Directors authorized a share repurchase program, with subsequent increases in authorization. We repurchased 279,916 shares under the program during fiscal 2024, for a total cost of $11.8 million. We repurchased 1,571,139 shares under the program, for a total cost of $74.3 million, in fiscal 2023, and repurchased 2,292,846 shares under the program, for a total cost of $100.0 million, in fiscal 2022. We have repurchased a total of 11,276,517 shares, at a total cost of $393.5 million, since the inception of this program. On October 6, 2023, the Board of Directors increased the share repurchase authorization by 2 million shares. We have remaining authority to repurchase 2,973,483 shares under this program, which has no expiration date. In addition to the shares repurchased under this repurchase plan, during fiscal 2024, 2023 and 2022, the Company also withheld $2.5 million, $2.3 million and $2.1 million, respectively, of Company stock from employees in order to satisfy stock-for-stock option exercises or tax obligations related to stock-based compensation, pursuant to terms of Board and shareholder-approved compensation plans. Accumulated Other Comprehensive Loss The following summarizes the accumulated other comprehensive loss, net of tax, at March 2, 2024 and February 25, 2023: (In thousands) 2024 2023 Net unrealized loss on marketable securities $ (328) $ (550) Net unrealized gain on derivative instruments 440 512 Pension liability adjustments (2,187) (3,044) Foreign currency translation adjustments (27,456) (28,474) Total accumulated other comprehensive loss $ (29,531) $ (31,556)

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Mar. 02, 2024
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation We have a 2019 Stock Incentive Plan and a 2019 Non-Employee Director Stock Plan (the Plans) that provide for the issuance of 1,150,000 and 150,000 shares, respectively, for various forms of stock-based compensation to employees and non-employee directors. Awards under these Plans may be in the form of incentive stock options (to employees only), non-statutory options, stock-settled stock appreciation rights (SARs), or nonvested share awards and units, all of which are granted at a price or with an exercise price equal to the fair market value of the Company’s stock at the date of award. We also have 2009 Non-Employee Director Stock Incentive Plan under which deferred restricted stock units were allocated, in addition to deferred restricted stock units acquired pursuant to a dividend equivalent reinvestment feature. As of June 23, 2019, no additional awards can be made under the 2009 Non-Employee Director Stock Incentive Plan. We recorded share-based compensation expense, in which we account for any forfeitures as they occur, as follows: (In thousands) 2024 2023 2022 Restricted stock awards and restricted stock unit awards $ 6,753 $ 5,607 $ 5,345 Performance stock unit awards 2,714 2,389 501 Stock options 254 660 447 Share-based compensation expense 9,721 8,656 6,293 Stock Options Stock option and SAR activity for the current fiscal year is summarized below: Number of Weighted Weighted Average Remaining Contractual Life Aggregate Outstanding at February 25, 2023 158,000 $ 23.04 Awards exercised (86,458) 23.04 Awards canceled (71,542) 23.04 Outstanding at March 2, 2024 — $ — 0.0 years $ — For the fiscal year ended March 2, 2024, there were no cash proceeds from the exercise of stock options as all stock options were exercised on a stock-for-stock basis. The aggregate intrinsic value of securities exercised (the amount by which the stock price on the date of exercise exceeded the stock price of the award on the date of grant) was $1.8 million. For the fiscal year ended February 25, 2023, there were no cash proceeds from the exercise of stock options as all stock options were exercised on a stock-for-stock basis. The aggregate intrinsic value of securities exercised was $2.7 million. Service Condition Awards Nonvested share awards and units generally vest over a two three Number of Shares and Units Weighted Average Grant Date Fair Value February 25, 2023 375,080 $ 35.89 Granted 199,138 43.38 Vested (166,957) 32.54 Canceled (22,800) 42.82 March 2, 2024 384,461 $ 40.28 Performance Condition Awards In fiscal 2022, the Compensation Committee of the Board of Directors implemented an executive compensation program for certain key employees. In each of the first quarters of fiscal 2024, 2023 and fiscal 2022, we issued performance shares in the form of nonvested share unit awards, which give the recipient the right to receive shares earned at the end of the respective three-fiscal-year performance period. The number of share units issued at grant is equal to the target number of performance shares and allows for the right to receive a variable number of shares, ranging from 0% to 200% of target, dependent on achieving a defined performance goal and being employed at the end of the performance period. The following table summarizes nonvested performance share units granted and outstanding for which all plans are at maximum achievement of 200% of target: Number of Shares and Units Weighted Average Grant Date Fair Value February 25, 2023 79,699 $ 40.83 Granted 48,483 43.61 Canceled (13,078) 41.80 March 2, 2024 115,104 $ 41.89 At March 2, 2024, there was $11.2 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 21 months. The total fair value of shares vested during fiscal 2024 was $5.8 million.

Income Taxes

Income Taxes	12 Months Ended
	Mar. 02, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Earnings before income taxes consisted of the following: (In thousands) 2024 2023 2022 United States $ 133,185 $ 126,859 $ 70,039 International (3,932) (10,238) (56,170) Earnings before income taxes $ 129,253 $ 116,621 $ 13,869 The components of income tax expense for each of the last three fiscal years are as follows: (In thousands) 2024 2023 2022 Current Federal $ 32,900 $ 9,621 $ 13,806 State and local 6,172 7,670 4,823 International 286 231 39 Total current 39,358 17,522 18,668 Deferred Federal (8,361) (5,120) (1,528) State and local (1,387) (2,487) (4,270) International — 422 (2,158) Total deferred (9,748) (7,185) (7,956) Total non-current tax (benefit) expense 30 2,177 (329) Total income tax expense $ 29,640 $ 12,514 $ 10,383 Income tax payments, net of refunds, were $33.0 million, $27.4 million and $8.2 million in fiscal 2024, 2023 and 2022, respectively. The following table provides a reconciliation of the statutory federal income tax rate to our consolidated effective tax rates: 2024 2023 2022 Statutory federal income tax rate 21.0 % 21.0 % 21.0 % State and local income taxes, net of federal tax benefit 2.4 3.5 16.4 Foreign tax rate differential (0.2) (0.2) (15.4) Valuation allowance 1.0 (4.7) 63.2 Nontaxable gain (loss) on life insurance policies — 0.2 1.2 Deduction for foreign derived intangible income (0.3) (0.2) (2.6) Research & development tax credit (1.3) (1.5) (9.4) §162(m) Executive Compensation Limitation 0.8 0.8 3.5 Tax benefit of share based awards (0.6) (0.8) (5.2) Worthless stock deduction — (6.0) — Other, net 0.1 (1.4) 2.2 Consolidated effective income tax rate 22.9 % 10.7 % 74.9 % The effective tax rate for fiscal 2024 increased 12.2 percentage points from fiscal 2023, primarily due to the impact of discrete items in fiscal 2023. Deferred tax assets and deferred tax liabilities at March 2, 2024 and February 25, 2023 were: (In thousands) 2024 2023 Deferred tax assets Accrued expenses $ 4,565 $ 1,862 Deferred compensation 11,138 9,666 Section 174 capitalized costs 12,450 12,222 Goodwill and other intangibles 2,342 4,316 Liability for unrecognized tax benefits 2,122 1,884 Unearned income 7,467 11,007 Operating lease liabilities 13,064 13,639 Net operating losses and tax credits 12,332 11,459 Other 4,773 3,656 Total deferred tax assets 70,253 69,711 Less: valuation allowance (10,803) (9,048) Deferred tax assets, net of valuation allowance 59,450 60,663 Deferred tax liabilities Depreciation 20,510 21,965 Operating lease, right-of-use assets 11,955 12,660 Bad debt 8,291 8,262 Prepaid expenses 2,131 2,467 Other 2,520 3,546 Total deferred tax liabilities 45,407 48,900 Net deferred tax assets (liabilities) $ 14,043 $ 11,763 The Company has state and foreign net operating loss carryforwards with a tax effect of $12.3 million. A valuation allowance of $9.0 million has been established for these net operating loss carryforwards due to the uncertainty of the use of the tax benefits in future periods. Management assesses the available positive and negative evidence to estimate whether sufficient future taxable income will be generated to permit use of the existing Deferred Tax Assets. This has resulted in valuation allowances being recorded against Deferred Tax Assets in prior years in Brazil, Canada and various states. 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 or state and local tax examinations for years prior to fiscal 2021. The Company is not currently under U.S. federal examination for years subsequent to fiscal 2020, and there is very limited audit activity of the Company’s income tax returns in U.S. state jurisdictions or international jurisdictions. The Company considers the earnings of its non-U.S. subsidiaries to be indefinitely invested outside of the United States on the basis of estimates that future domestic cash generation will be sufficient to meet future domestic cash needs and specific plans for reinvestment of those subsidiary earnings. Should the Company decide to repatriate the foreign earnings, it would need to adjust the income tax provision in the period it was determined that the earnings will no longer be indefinitely invested outside the U.S. If we were to prevail on all unrecognized tax benefits recorded, $3.3 million, $3.8 million and $1.7 million for fiscal 2024, 2023 and 2022, respectively, would benefit the effective tax rate. Also included in the balance of unrecognized tax benefits for fiscal 2024, 2023 and 2022 are $1.8 million, $1.5 million, and $1.7 million, respectively, of tax benefits that, if recognized, would result in decreases to deferred taxes. Penalties and interest related to unrecognized tax benefits are recorded in income tax expense. For fiscal 2024, 2023 and 2022, we accrued penalties and interest related to unrecognized tax benefits of $0.6 million, $0.4 million, and $0.3 million, respectively. The following table provides a reconciliation of the total amounts of gross unrecognized tax benefits: (In thousands) 2024 2023 2022 Gross unrecognized tax benefits at beginning of year $ 5,312 $ 3,321 $ 3,755 Gross increases in tax positions for prior years 91 2,298 108 Gross decreases in tax positions for prior years (65) (255) (145) Gross increases based on tax positions related to the current year 579 291 420 Gross decreases based on tax positions related to the current year — (27) — Settlements (354) — (147) Statute of limitations expiration (510) (316) (670) Gross unrecognized tax benefits at end of year $ 5,053 $ 5,312 $ 3,321 In December 2021, the OECD issued model rules for a new global minimum tax framework (“Pillar Two”), and various governments around the world have issued, or are in the process of issuing, legislation to implement these rules. The Company is within the scope of the OECD Pillar Two model rules and is assessing the impact thereof. As of March 4, 2024, we believe the implementation of these rules will not have a material impact on our financial results.

Earnings per Share

Earnings per Share	12 Months Ended
	Mar. 02, 2024
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share Basic earnings per share is computed by dividing net earnings by the weighted average number of common shares outstanding. Diluted earnings per share is computed by dividing net earnings by the weighted average number of common shares outstanding, including the dilutive effects of stock options, SARs and nonvested shares. The following table presents a reconciliation of the share amounts used in the computation of basic and diluted earnings per share: (In thousands) 2024 2023 2022 Basic earnings per share - weighted average common shares outstanding 21,871 22,007 24,920 Weighted average effect of nonvested share grants and assumed exercise of stock options 220 409 372 Diluted earnings per share - weighted average common shares and potential common shares outstanding 22,091 22,416 25,292 Stock awards excluded from the calculation of earnings per share because the award price was greater than the average market price of the common shares 31 97 1

Business Segment Data

Business Segment Data	12 Months Ended
	Mar. 02, 2024
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 window, curtainwall, storefront and entrance systems for the exterior of buildings. • The Architectural Glass Segment coats and fabricates high-performance glass used in custom window and wall systems on non-residential buildings. • The Architectural Services Segment integrates technical services, project management, and field installation services to design, engineer, fabricate, and install building glass and curtainwall systems. • The Large-Scale Optical (LSO) Segment manufactures high-performance glazing products for the custom framing, fine art, and engineered optics markets. Segment net sales is defined as net sales for a certain segment and includes revenue related to intersegment transactions. We report net sales intersegment eliminations separately to exclude these sales from our consolidated total. Segment operating income is equal to net sales, less cost of goods sold, SG&A, and any asset impairment charges associated with the segment. Segment operating income includes operating income related to intersegment sales transactions and excludes certain corporate costs that are not allocated at a segment level. We report these unallocated corporate costs separately in Corporate and other. Operating income does not include other income or expense, interest expense or a provision for income taxes. (In thousands) 2024 2023 2022 Net Sales Architectural Framing Systems $ 601,736 $ 649,778 $ 546,557 Architectural Glass 378,449 316,554 309,241 Architectural Services 378,422 410,627 407,421 Large-Scale Optical 99,223 104,215 101,673 Intersegment elimination (40,888) (40,478) (50,915) Total $ 1,416,942 $ 1,440,696 $ 1,313,977 Operating Income (Loss) Architectural Framing Systems $ 64,833 $ 81,875 $ 38,088 Architectural Glass 68,046 28,610 1,785 Architectural Services 11,840 18,140 (22,071) Large-Scale Optical 24,233 25,348 23,618 Corporate and other (35,119) (28,185) (19,375) Total $ 133,833 $ 125,788 $ 22,045 Depreciation and Amortization Architectural Framing Systems $ 19,226 $ 19,386 $ 20,361 Architectural Glass 11,955 11,964 14,564 Architectural Services 4,011 3,953 7,495 Large-Scale Optical 3,040 3,088 3,185 Corporate and other 3,356 4,012 4,388 Total $ 41,588 $ 42,403 $ 49,993 Capital Expenditures Architectural Framing Systems $ 4,733 $ 11,432 $ 7,344 Architectural Glass 12,142 5,613 5,865 Architectural Services 3,166 3,683 3,449 Large-Scale Optical 16,896 13,474 2,250 Corporate and other 6,243 10,975 2,933 Total $ 43,180 $ 45,177 $ 21,841 Identifiable Assets Architectural Framing Systems $ 363,512 $ 426,946 $ 414,012 Architectural Glass 208,651 207,730 225,362 Architectural Services 131,651 141,840 114,120 Large-Scale Optical 83,731 69,035 56,926 Corporate and other 96,519 69,814 77,443 Total $ 884,064 $ 915,365 $ 887,863 Due to the varying combinations and integration of individual window, storefront and curtainwall systems, it is impractical to report product revenues generated by class of product beyond the segment revenues currently reported. 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) 2024 2023 2022 Net Sales United States $ 1,295,436 $ 1,301,168 $ 1,194,141 Canada 101,055 120,565 102,027 Brazil 20,451 18,963 17,809 Total $ 1,416,942 $ 1,440,696 $ 1,313,977 Long-Lived Assets United States $ 235,398 $ 239,847 $ 239,264 Canada 6,345 6,330 7,742 Brazil 2,473 2,690 2,989 Total $ 244,216 $ 248,867 $ 249,995 Our export net sales from U.S. operations were $47.6 million, $56.2 million, and $59.5 million in fiscal 2024, 2023, and 2022, respectively, representing approximately 3%, 4%, and 5% of consolidated net sales in each of these fiscal years, respectively.

Restructuring

Restructuring	12 Months Ended
	Mar. 02, 2024
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring During the fourth quarter of fiscal 2024, we announced strategic actions to further 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 will primarily impact the Architectural Framing Systems Segment and include: • 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 will implement actions to optimize processes and streamline resources in its Architectural Services and Corporate Segments. The Company expects these actions to be substantially complete by the third quarter of fiscal 2025. The Company expects to incur approximately $16 million to $18 million of pre-tax charges in connection with Project Fortify, including: • $7 million to $9 million of severance and employee related costs; • $2 million to $3 million of contract termination costs: and • $6 million to $7 million of other expenses. During the second quarter of fiscal 2022, we announced plans to realign and simplify our business structure, which resulted in the closure of two facilities within the Architectural Glass Segment, in Dallas, Texas and Statesboro, Georgia. These closures were made in order to concentrate this segment on premium, high-performance products. Additionally, employee termination costs were incurred related to these facility closures, realignment of the Architectural Framing Systems Segment, and within the Corporate office. During the fourth quarter of fiscal 2022, as a result of the announced restructuring plan, we sold a building in Statesboro, Georgia within our Architectural Glass Segment for $29.1 million. The carrying value of the building was $9.4 million, and we recognized a gain on this sale of approximately $19.5 million, net of associated transaction costs, which is included as a reduction of cost of sales within our consolidated statements of operations. During the first quarter of fiscal 2023, we completed the execution of these plans 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. During fiscal 2024, we incurred $12.4 million of pre-tax costs associated Project Fortify, of which $5.5 million is included within cost of sales and $6.9 million is included within selling, general and administrative expenses. During fiscal 2023, we incurred $0.1 million of additional pre-tax costs associated with the finalization of the restructuring plans that were announced in fiscal 2022. During fiscal 2022, we incurred $30.5 million of pre-tax costs associated with the execution of the restructuring plans that were announced in fiscal 2022, of which $28.2 million is included within cost of sales and $2.3 million is included within selling, general and administrative expenses, excluding the gain on sale mentioned above, within our consolidated statements of operations. (In thousands) Architectural Framing Architectural Glass Architectural Services Corporate & Other Total March 2, 2024 Asset impairment on property, plant and equipment $ 2,329 $ — $ 49 $ 3,851 $ 6,229 Termination benefits 3,348 — 2,475 56 5,879 Other restructuring charges 293 — 2 — 295 Total restructuring charges $ 5,970 $ — $ 2,526 $ 3,907 $ 12,403 February 25, 2023 Termination benefits — 116 — — 116 Total restructuring charges $ — $ 116 $ — $ — $ 116 February 26, 2022 Asset impairment on property, plant and equipment 54 21,443 — — 21,497 Termination benefits 1,435 3,718 — 1,039 6,192 Other restructuring charges 244 1,935 — 644 2,823 Total restructuring charges $ 1,733 $ 27,096 $ — $ 1,683 $ 30,512 The following table summarizes our restructuring related accrual balances included within accrued payroll and related benefits and other current liabilities in the consolidated balance sheets. All remaining accrual balances are expected to be paid within fiscal 2025. (In thousands) Architectural Framing Architectural Glass Architectural Services Corporate & Other Total Balance at February 26, 2022 $ 440 $ 737 $ — $ 228 $ 1,405 Restructuring expense — 116 — — 116 Payments (227) (813) — (214) (1,254) Other adjustments (151) (17) — (14) (182) Balance at February 25, 2023 $ 62 $ 23 $ — $ — $ 85 Restructuring expense 3,985 — 2,477 56 6,518 Payments (1,233) (23) (410) — (1,666) Balance at March 2, 2024 $ 2,814 $ — $ 2,067 $ 56 $ 4,937

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Feb. 26, 2022
Pay vs Performance Disclosure
Net earnings	$ 99,613	$ 104,107	$ 3,486

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 02, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies and Related Data (Policies)	12 Months Ended
	Mar. 02, 2024
Accounting Policies [Abstract]
Basis of Consolidation	Basis of consolidation
Fiscal Year	Fiscal year
Accounting Estimates	Accounting estimates
Reclassifications	Reclassifications
Cash equivalents and Restricted Cash	Cash equivalents Highly liquid investments with an original maturity of three months or less are included in cash equivalents and are stated at cost, which approximates fair value. Restricted Cash Cash held that is specifically dedicated to fund each capital project related to our New Markets Tax Credit transactions.
Marketable securities	Marketable securities To the extent the amortized cost basis of the available-for-sale securities exceeds the fair value, we assess the debt securities for credit loss. When assessing the risk of credit loss, we consider factors such as the severity and the reason of the decline in value, including any changes to the rating of the security by a rating agency or other adverse conditions specifically related to the security, and management's intended holding period and time horizon for selling. During fiscal 2024, 2023, and 2022, the Company did not recognize any credit losses related to its available-for-sale securities. Further, as of March 2, 2024 and February 25, 2023, the Company did not record an allowance for credit losses related to its available-for-sale securities. Marketable securities are included in other current and non-current assets on the consolidated balance sheets and gross realized gains and losses are included in other (income) expense, net in our consolidated results of operations.
Inventories	Inventories
Property, plant and equipment	Property, plant and equipment Property, plant and equipment (PP&E) is recorded at cost. Significant improvements and renewals that extend the useful life of the asset are capitalized. Repairs and maintenance are charged to expense as incurred. When an asset is retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts and any related gains or losses are included in selling, general and administrative expenses. Long-lived assets to be held and used, such as PP&E, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable.
Impairment of long-lived assets	Impairment of long-lived assets Long-lived assets or asset groups, including definite-lived intangible assets subject to amortization and property and equipment, are reviewed for impairment whenever events or changes in circumstances such as asset utilization, physical change, legal factors or other matters indicate that the carrying value of those assets may not be recoverable. When this review indicates the carrying value of an asset or asset group exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset or asset group, an asset impairment expense is recognized in earnings in the period such a determination is made. The amount of the impairment expense recorded is the amount by which the carrying value of the impaired asset or asset group exceeds its fair value based on discounted cash flows. As a result of restructuring plans announced during the fourth quarter of fiscal 2024, asset impairments on property, plant and equipment and leases in the amount of $6.2 million were recorded for the year ended March 2, 2024. As a result of restructuring plans announced during the second quarter of fiscal 2022, asset impairments on property, plant and equipment and leases in the amount of $21.5 million were recorded for the year ended February 26, 2022. During the third quarter of fiscal 2022, an impairment of $3.0 million was recognized within other (income) expense within the consolidated results of operations related to a minority equity investment held by the Company. This represents a write-down of the entire investment in the other company. During the fourth quarter of fiscal 2022, based on the finalization of our plans for integrating the Sotawall business into the Architectural Services Segment, which was effective beginning in fiscal 2023, we determined that the related definite-lived intangible assets were impaired as of February 26, 2022. As such, a long-lived asset impairment charge
Goodwill and Intangible Assets	Goodwill and intangible assets Goodwill Goodwill represents the excess of the cost over the net tangible and identified intangible assets of acquired businesses. We evaluate goodwill for impairment annually on the first day in our fiscal fourth quarter, or more frequently if events or changes in circumstances indicate the carrying value of the goodwill may not be recoverable. Evaluating goodwill for impairment involves the determination of the fair value of each reporting unit in which goodwill is recorded using a qualitative or quantitative analysis. A reporting unit is an operating segment or a component of an operating segment for which discrete financial information is available and reviewed by segment management on a regular basis. At the beginning of the first quarter of fiscal 2023, we began management of the Sotawall and Harmon businesses under the Architectural Services Segment in order to create a single, unified offering for larger custom curtainwall projects. In connection with the transition, leadership of our Sotawall and Harmon businesses was combined to form the Architectural Services reporting unit. We evaluated goodwill on a qualitative basis prior to and subsequent to this change for these reporting units and concluded no adjustment to the carrying value of goodwill was necessary as a result of this change. Concurrent with this change in composition of the operating segments effective at the start of our first quarter of fiscal 2023, goodwill was reallocated to the affected reporting units within each operating segment, using a relative fair value approach as outlined in ASC 350, Intangibles - Goodwill and Other . The reporting units for our fiscal 2024 annual impairment test align with reporting segments, with the exception of our Architectural Framing Systems Segment. This segment contains two reporting units, Window and Wall Systems and Storefront and Finishing Solutions, which represent $53.6 million and $35.7 million, of the goodwill balance at March 2, 2024, respectively. During the fourth quarter of fiscal 2024, as a result of an announced restructuring plan, we reassessed our reporting units, which led to a combination of the Window and Wall Systems and Storefront and Finishing Solutions reporting units into one Architectural Framing Systems reporting unit. We evaluated goodwill on a qualitative basis prior to and subsequent to this change and concluded that no adjustment to the carrying value of goodwill was necessary as a result of this change. In addition, no qualitative indicators of impairment were identified during the fourth quarter of fiscal 2024. Following this change, we have four reporting units, which align with our reporting segments. We estimate the fair value of a reporting unit using both the income approach and the market approach. The income approach uses a discounted cash flow methodology that involves significant judgment and projections of future performance. Assumptions about future revenues and future operating expenses, capital expenditures and changes in working capital are based on the annual operating plan and other business plans for each reporting unit. These plans take into consideration numerous factors, including historical experience, current and future operational plans, anticipated future economic conditions and growth expectations for the industries and end markets in which we participate. These projections are discounted using a weighted-average cost of capital, which considers the risk inherent in our projections of future cash flows. We determine the weighted-average cost of capital for this analysis by weighting the required returns on interest bearing debt and common equity capital in proportion to their estimated percentages in an expected capital structure, using published data where possible. We used discount rates that are commensurate with the risks and uncertainties inherent in the respective businesses and in the internally developed forecasts. The market approach uses a multiple of earnings and revenue based on guidelines for publicly traded companies. Intangible assets We have intangible assets for certain acquired trade names and trademarks which are determined to have indefinite useful lives. We test indefinite-lived intangible assets for impairment annually at the same measurement date as goodwill, the first day of our fiscal fourth quarter, or more frequently if events or changes in circumstances indicate that it is more likely than not that the asset is impaired. If the carrying amount of an indefinite-lived intangible asset exceeds its fair value, an impairment expense is recognized in an amount equal to that excess. If an impairment expense is recognized, the adjusted carrying amount becomes the asset's new accounting basis. Fair value of indefinite-lived intangible assets is measured using the relief-from-royalty method. This method assumes the trade name or trademark has value to the extent that the owner is relieved of the obligation to pay royalties for the benefits received from the asset. This method requires estimation of future revenue from the related asset, the appropriate royalty rate, and the weighted average cost of capital. The assessment of fair value involves significant judgment and projections about future performance. Definite-lived intangible assets are amortized based on estimated useful lives ranging from 18 months to 30 years and are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. We use undiscounted cash flows to determine whether impairment exists and measure any impairment loss using discounted cash flows to determine the fair value of long-lived assets. The estimated useful lives of all intangible assets are reviewed annually, and we have determined that the remaining lives were appropriate. Refer to Note 6 for additional information.
Leases	Leases We have commercially negotiated leases where we recognize a right-of-use asset and lease liability on our consolidated balance sheet at lease commencement for leases with terms greater than twelve months. The initial lease liability is recognized at the present value of remaining lease payments over the lease term. Leases with an initial term of twelve months or less are not recorded on our consolidated balance sheet. We recognize lease expense for operating leases on a straight-line basis over the lease term. We combine lease and non-lease components, such as common area maintenance costs, in calculating the related asset and lease liabilities for all underlying asset groups. Refer to Note 8 for additional information.
Self-Insurance	Self-Insurance We obtain commercial insurance to provide coverage for potential losses in areas such as employment practices, workers' compensation, directors and officers, automobile, architect's and engineer's errors and omissions, product rework and general liability. A substantial portion of this risk is retained on a self-insured basis through our wholly-owned insurance subsidiary. We establish a reserve for estimated ultimate losses on reported claims and those incurred but not yet reported utilizing actuarial projections. Reserves are classified within other current liabilities or non-current self-insurance reserves based on expectations of when the estimated loss will be paid.
Warranty and project-related contingencies	Warranty and project-related contingencies
Foreign currency	Foreign currency
Derivatives and hedging activities	Derivatives and hedging activities We are exposed to, among other risks, the impact of changes in aluminum prices, foreign currency exchange rates, and interest rates in the normal course of business. In order to manage the exposure and volatility arising from these risks, we utilize derivative financial instruments to offset a portion of these risks. We use derivative financial instruments only to hedge identified business risks, and do not hold or issue derivative financial instruments for trading purposes and are not a party to leveraged derivatives. All derivative instruments within the scope of ASC 815, Derivatives and Hedging , are recorded as either assets or liabilities at fair value on the consolidated balance sheets. All hedging instruments that qualify for hedge accounting are designated and effective as hedges with changes recognized in other comprehensive earnings (loss). Instruments that do not qualify for hedge accounting are marked to market with changes recognized directly in earnings. Cash flows from derivative instruments are classified in the statements of cash flows in the same category as the cash flows from the items subject to designated hedge or undesignated (economic) hedge relationships. Refer to Note 4 for additional information.
Revenue recognition	Revenue recognition Our significant accounting policy for revenue recognition follows ASC 606, Revenue from Contracts with Customers . We generate revenue from the design, engineering and fabrication of architectural glass, curtainwall, window, storefront and entrance systems, and from installing those products on non-residential buildings. We also manufacture value-added glass and acrylic products. Due to the diverse nature of our operations and various types of contracts with customers, we have businesses that recognize revenue at a point in time at shipment, businesses that recognize revenue following an over-time input method and businesses that recognize revenue following an over-time output method. Approximately 42% of our fiscal 2024 revenue was recognized at the time products were shipped from our manufacturing facilities, which is when control is transferred to our customer, consistent with past practices. These businesses do not generate contract-related assets or liabilities. Variable consideration associated with these contracts and orders, generally related to early pay discounts or volume rebates, is not considered significant. Approximately 34% of our fiscal 2024 revenue was from long-term, fixed-price contracts, following an over-time input method. The contracts for these businesses have a single, bundled performance obligation, as these businesses generally provide interrelated products and services and integrate these products and services into a combined output specified by the customer. The customer obtains control of this combined output, generally integrated window systems or installed window and curtainwall systems, over time. We measure progress on these contracts following an input method, by comparing total costs incurred to-date to the total estimated costs for the contract, and record that proport ion of the total contract price as revenue in the period. Contract costs include materials, labor and other direct costs related to contract performance. We believe this method of recognizing revenue is consistent with our progress in satisfying our contract obligations. Due to the nature of the work required under these long-term contracts, the estimation of total revenue and costs incurred throughout a project is subject to many variables and requires significant judgment. It is common for these contracts to contain potential bonuses or penalties which are generally awarded or charged upon certain project milestones or cost or timing targets, and these can be based on customer discretion. We estimate variable consideration at the most likely amount to which we expect to be entitled. We include estimated amounts in the transaction price to the extent that it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. Our estimates of variable consideration and determination of whether to include estimated amounts in the transaction price are based largely on our assessments of anticipated performance and all information (historical, current and forecasted) that is reasonably available to us. Long-term contracts are often modified to account for changes in contract specifications and requirements of work to be performed. We consider contract modifications to exist when the modification, generally through a change order, either creates new or changes existing enforceable rights and obligations, and we evaluate these types of modifications to determine whether they may be considered distinct performance obligations. In most cases, these contract modifications are for goods or services that are not distinct from the existing contract, due to the significant integration service provided in the context of the contract. Therefore, these modifications are accounted for as part of the existing contract. The effect of a contract modification on the transaction price and our measure of progress is recognized as an adjustment to revenue, generally on a cumulative catch-up basis. Typically, under these fixed-price contracts, we bill our customers following an agreed-upon schedule based on work performed. Because the progress billings do not generally correspond to our measurement of revenue on a contract, we generate contract assets when we have recognized revenue in excess of the amount billed to the customer. We generate contract liabilities when we have billed the customer in excess of revenue recognized on a contract. A pproximately 24% of our fiscal 2024 revenue was recognized following an over-time output method based upon units produced. The customer is considered to have control over the products at the time of production, as the products are highly customized with no alternative use, and we have an enforceable right to payment for performance completed over the production p eriod. We believe this over-time output method of recognizing revenue reasonably depicts the fulfillment of our performance obligations under our contracts. Billings still occur upon shipment. Therefore, contract assets are generated for the unbilled amounts on contracts when production is complete. Variable consideration associated with these orders, generally related to early pay discounts, is not considered significant. Additionally, we have made the following policy elections associated with revenue recognition: • We account for shipping and handling activities that occur after control of the related goods transfers to the customer as fulfillment activities, instead of assessing such activities as performance obligations. • We exclude from the transaction price all sales taxes related to revenue-producing transactions that are collected from the customer for a government authority. We are considered a pass-through conduit for collecting and remitting sales taxes. • We generally expense incremental costs of obtaining a contract when incurred because the amortization period would be less than one year. These costs primarily relate to sales commissions and are included in selling, general and administrative expenses. • We do not adjust contract price for a significant financing component, as we expect the period between when our goods and services are transferred to the customer and when the customer pays for those goods and services to be less than a year. Shipping and handling
Restructuring	Restructuring Restructuring charges are recorded as a result of fundamental changes in the manner in which certain business functions are conducted, including initiatives to drive earnings and cash flow growth and to realign and simplify our business structure. These charges primarily consist of employee severance benefits, asset impairments on property, plant and equipment and operating lease assets and termination penalties for facility closures and consolidations. We record restructuring accruals when it is probable that a liability has been incurred and the amount of the liability is reasonably estimable. To the extent our assumptions and estimates differ from our actual costs, subsequent adjustments to restructuring accruals have been and will be required. Restructuring accruals for severance-related costs are included in accrued compensation and related benefits and accruals for remaining obligations and termination penalties are included in other current liabilities in our consolidated balance sheets. Refer to Note 16 for additional information.
Research and development	Research and development
Advertising	Advertising
Income taxes	Income taxes The Company recognizes deferred tax assets and liabilities based upon the future tax consequences of temporary differences between financial statement carrying amounts of assets and liabilities and their respective tax bases. Refer to Note 13 for additional information.
Subsequent events	Subsequent events We have evaluated subsequent events for potential recognition and disclosure through the date of this filing and determined that there were no subsequent events that required recognition or disclosure in the consolidated financial statements.
Adoption of new accounting standards	Adoption of new accounting standards At the beginning of fiscal 2024, we adopted the guidance in ASU 2022-04, Liabilities – Supplier Finance Programs, Disclosure of Supplier Finance Program Obligations. At the beginning of fiscal 2022, we adopted the guidance in ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes . The amendments in this ASU removed exceptions on intra-period tax allocations and reporting and provided simplification on accounting for franchise taxes, tax basis goodwill and tax law changes. The adoption of this ASU did not have a significant impact on the consolidated financial statements. At the beginning of fiscal 2022, we adopted the guidance in ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting . The amendments in this ASU apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The adoption of this ASU did not have a significant impact on the consolidated financial statements. Accounting standards not yet adopted In November 2023, the FASB issued ASU 2023-07, Improvements to Reportable Segment Disclosures , which expands the required disclosure for reportable segments. This guidance requires entities to disclose significant segment expenses and other segment items on an annual and interim basis and to provide in interim periods all segment disclosures which are currently required annually. This ASU additionally requires entities to disclose the title and position of the individual or the name of the group or committee identified as its chief operating decision-maker. Such guidance, which is required to be applied retrospectively, is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, although early adoption is permitted. While the adoption of this ASU will not have an impact on our financial position and/or results of operations, we are currently evaluating the impact to our segment disclosures. In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures , intended to enhance the transparency and decision-usefulness of income tax disclosures. Such guidance requires entities to provide additional information within their income tax rate reconciliation, including further disclosure of federal, state, and foreign income taxes and to provide more details about these reconciling items if a quantitative threshold is met. This guidance additionally requires expanded disclosure of income taxes paid, including amounts paid for federal, state, and foreign taxes. This ASU, which is required to be applied prospectively, is effective for fiscal years beginning after December 15, 2024, although early adoption and retrospective application is permitted. While the adoption of this ASU will not have an impact on our financial position and/or results of operations, we are currently evaluating the impact on our income tax disclosures, including the processes and controls around the collection of this information.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies and Related Data (Tables)	12 Months Ended
	Mar. 02, 2024
Accounting Policies [Abstract]
Supplier finance program	The following table summarizes the obligation activity and outstanding as of March 2, 2024 that we have confirmed as valid to the administrators of our program with U.S. Bank: (In thousands) 2024 Balance at beginning of period $ — Obligations added to the program 33,133 Obligations settled (26,606) Balance at end of period $ 6,527

Revenue, Receivables and Cont_2

Revenue, Receivables and Contract Assets and Liabilities (Tables)	12 Months Ended
	Mar. 02, 2024
Revenue from Contract with Customer [Abstract]
Disaggregated revenue data	The following table disaggregates total revenue by timing of recognition (see Note 15 for disclosure of revenue by segment): March 2, 2024 February 25, 2023 February 26, 2022 (In thousands) (53 weeks) (52 weeks) (52 weeks) Recognized at shipment $ 596,270 $ 649,792 $ 551,783 Recognized over time (input method) 483,109 514,826 503,972 Recognized over time (output method) 337,563 276,078 258,222 Total $ 1,416,942 $ 1,440,696 $ 1,313,977
Net receivables	(In thousands) 2024 2023 Trade accounts $ 115,061 $ 140,732 Construction contracts 61,879 58,331 Total receivables 176,940 199,063 Less: allowance for credit losses 3,383 1,796 Receivables, net $ 173,557 $ 197,267
Allowance for credit losses	The following table summarizes the activity in the allowance for credit losses: (In thousands) 2024 2023 Beginning balance $ 1,796 $ 2,132 Additions charged to costs and expenses 2,473 394 Deductions from allowance, net of recoveries (901) (686) Other deductions 15 (44) Ending balance $ 3,383 $ 1,796
Contract assets and liabilities	(In thousands) March 2, 2024 February 25, 2023 Contract assets $ 49,502 $ 59,403 Contract liabilities 34,755 28,011 March 2, 2024 February 25, 2023 (In thousands) (53 weeks) (52 weeks) Revenue recognized related to contract liabilities from prior year-end $ 25,342 $ 37,594 Revenue recognized related to prior satisfaction of performance obligations 9,257 16,612
Performance obligations expected to be satisfied	The transaction price associated with unsatisfied performance obligations at March 2, 2024 are expected to be satisfied, and the corresponding revenue to be recognized, over the following estimated time periods: (In thousands) March 2, 2024 Within one year $ 460,881 Within two years 305,704 Beyond two years 119,700 Total $ 886,285

Supplemental Balance Sheet In_2

Supplemental Balance Sheet Information (Tables)	12 Months Ended
	Mar. 02, 2024
Working Capital [Abstract]
Inventories	Inventories (In thousands) 2024 2023 Raw materials $ 31,363 $ 36,869 Work-in-process 12,291 18,024 Finished goods 25,586 23,548 Total inventories, net $ 69,240 $ 78,441
Other current liabilities	Other current liabilities (In thousands) 2024 2023 Warranties and backcharges $ 18,874 $ 14,872 Accrued self-insurance reserves 17,592 14,447 Income and other taxes 7,202 7,129 Other 15,440 28,084 Total other current liabilities $ 59,108 $ 64,532
Other non-current liabilities	Other non-current liabilities (In thousands) 2024 2023 Deferred warranty revenue $ 10,274 $ 10,352 Deferred benefit from New Markets Tax Credit transactions 9,250 9,250 Deferred compensation plan 5,938 5,577 Retirement plan obligations 4,769 5,749 Deferred tax liabilities 1,456 1,417 Other 12,188 11,838 Total other non-current liabilities $ 43,875 $ 44,183

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Mar. 02, 2024
Marketable Securities [Abstract]
Amortized cost, gross unrealized gains and losses, and estimated fair values of investments available for sale	Through our wholly-owned insurance subsidiary, Prism Assurance, Ltd. (Prism), we hold the following available-for-sale marketable securities, made up of municipal and corporate bonds: (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value March 2, 2024 $ 11,327 $ 15 $ 437 $ 10,905 February 25, 2023 10,647 — 702 9,945
Schedule of amortized cost and estimated fair values of investments by contractual maturity	The amortized cost and estimated fair values of our municipal and corporate bonds at March 2, 2024, 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. Investments that are due within one year are included in other current assets while those due after one year are included as other non-current assets. Gross realized gains and losses were insignificant for all periods presented. (In thousands) Amortized Cost Estimated Fair Value Due within one year $ 2,820 $ 2,798 Due after one year through five years 8,507 8,107 Total $ 11,327 $ 10,905
Schedule of financial assets and liabilities measured at fair value on a recurring basis	Financial assets and liabilities measured at fair value on a recurring basis were: (In thousands) Quoted Prices in Other Observable Inputs (Level 2) Total Fair Value March 2, 2024 Assets: Money market funds $ 26,529 $ — $ 26,529 Municipal and corporate bonds — 10,905 10,905 Foreign currency option contract — 3 3 Interest rate swap contract — 1,292 1,292 Liabilities: Aluminum hedging contract — 529 529 February 25, 2023 Assets: Money market funds $ 8,062 $ — $ 8,062 Municipal and corporate bonds — 9,945 9,945 Interest rate swap contract — 1,817 1,817 Liabilities: Foreign currency option contract — 206 206 Aluminum hedging contract — 1,075 1,075

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Mar. 02, 2024
Property, Plant and Equipment [Abstract]
Property, plant and equipment	(In thousands) 2024 2023 Land $ 3,637 $ 3,600 Buildings and improvements 189,675 188,949 Machinery and equipment 391,236 376,721 Computer and office equipment and furniture 62,586 69,465 Construction in progress 42,099 41,842 Total property, plant and equipment 689,233 680,577 Less: accumulated depreciation 445,017 431,710 Net property, plant and equipment $ 244,216 $ 248,867

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Mar. 02, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill attributable to each business segment	The carrying amount of goodwill attributable to each reporting segment was: (In thousands) Architectural Framing Systems Architectural Glass Architectural Services Large-Scale Optical Total Balance at February 26, 2022 $ 93,181 $ 25,244 $ 1,120 $ 10,557 $ 130,102 Reallocation among reporting units (1) (2,048) — 2,048 — — Foreign currency translation (996) 57 (137) — (1,076) Balance at February 25, 2023 90,137 25,301 3,031 10,557 129,026 Foreign currency translation 49 100 7 — 156 Balance at March 2, 2024 $ 90,186 $ 25,401 $ 3,038 $ 10,557 $ 129,182 (1) Represents the reallocation of goodwill as a result of transitioning Sotawall from the Architectural Framing Systems Segment to the Architectural Services Segment as of the start of the first quarter of fiscal 2023.
Schedule of indefinite-lived intangible assets	The gross carrying amount of our intangible assets and related accumulated amortization was: (In thousands) Gross Carrying Amount Accumulated Foreign Net March 2, 2024 Definite-lived intangible assets: Customer relationships $ 86,798 $ (53,200) $ 246 $ 33,844 Other intangibles 37,505 (32,250) 150 5,405 Total 124,303 (85,450) 396 39,249 Indefinite-lived intangible assets: Trademarks 26,851 — 14 26,865 Total intangible assets $ 151,154 $ (85,450) $ 410 $ 66,114 February 25, 2023 Definite-lived intangible assets: Customer relationships $ 89,495 $ (49,404) $ (2,697) $ 37,394 Other intangibles 39,404 (35,229) (1,045) 3,130 Total 128,899 (84,633) (3,742) 40,524 Indefinite-lived intangible assets: Trademarks 27,129 — (278) 26,851 Total intangible assets $ 156,028 $ (84,633) $ (4,020) $ 67,375
Schedule of finite-lived intangible assets	The gross carrying amount of our intangible assets and related accumulated amortization was: (In thousands) Gross Carrying Amount Accumulated Foreign Net March 2, 2024 Definite-lived intangible assets: Customer relationships $ 86,798 $ (53,200) $ 246 $ 33,844 Other intangibles 37,505 (32,250) 150 5,405 Total 124,303 (85,450) 396 39,249 Indefinite-lived intangible assets: Trademarks 26,851 — 14 26,865 Total intangible assets $ 151,154 $ (85,450) $ 410 $ 66,114 February 25, 2023 Definite-lived intangible assets: Customer relationships $ 89,495 $ (49,404) $ (2,697) $ 37,394 Other intangibles 39,404 (35,229) (1,045) 3,130 Total 128,899 (84,633) (3,742) 40,524 Indefinite-lived intangible assets: Trademarks 27,129 — (278) 26,851 Total intangible assets $ 156,028 $ (84,633) $ (4,020) $ 67,375
Schedule of estimated future amortization expense for identifiable intangible assets	Estimated future amortization expense for finite-lived intangible assets is: (In thousands) 2025 2026 2027 2028 2029 Estimated amortization expense $ 4,824 $ 4,824 $ 4,822 $ 4,801 $ 4,167

Debt (Tables)

Debt (Tables)	12 Months Ended
	Mar. 02, 2024
Debt Disclosure [Abstract]
Schedule of maturities of long-term debt	Debt maturities and other selected information follows: (In thousands) 2025 2026 2027 2028 2029 Thereafter Total Maturities $ — $ — $ — $ 50,000 $ — $ 12,000 $ 62,000
Selected information related to long-term debt	(In thousands, except percentages) 2024 2023 Average daily borrowings during the year $ 130,939 $ 225,773 Weighted average interest rate during the year 6.03 % 3.54 %
Schedule of interest expense	(In thousands) March 2, 2024 February 25, 2023 February 26, 2022 Interest on debt $ 8,704 $ 8,558 $ 3,228 Interest rate swap (income) expense (893) (418) 467 Other interest expense 178 294 866 Interest expense, net $ 7,989 $ 8,434 $ 4,561

Leases (Tables)

Leases (Tables)	12 Months Ended
	Mar. 02, 2024
Leases [Abstract]
Schedule of components of lease expense	The components of lease expense were as follows: (In thousands) March 2, 2024 February 25, 2023 Operating lease cost $ 14,312 $ 12,336 Short-term lease cost 1,349 1,579 Variable lease cost 2,629 3,487 Sublease income (1,479) (671) Total lease cost $ 16,811 $ 16,731 Other supplemental information related to leases are as follows: (In thousands) March 2, 2024 February 25, 2023 Cash paid for amounts included in the measurement of operating lease liabilities $ 14,656 $ 14,086 Lease assets obtained in exchange for new operating lease liabilities $ 11,883 $ 11,359 Weighted-average remaining lease term - operating leases 4.0 years 4.5 years Weighted-average discount rate - operating leases 3.2 % 3.1 %
Operating lease liability maturity	Future maturities of lease liabilities are as follows: (In thousands) 2024 Fiscal 2025 $ 12,498 Fiscal 2026 11,206 Fiscal 2027 10,845 Fiscal 2028 6,421 Fiscal 2029 1,991 Thereafter 1,826 Total lease payments 44,787 Less: Amounts representing interest 594 Present value of lease liabilities $ 44,193

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Mar. 02, 2024
Retirement Benefits [Abstract]
Multiemployer plan	Our participation in these plans is outlined in the following table. The most recent Pension Protection Act zone status available in 2024 and 2023 relates to the plan years ending December 31, 2023 and December 31, 2022, respectively. The zone status is based on information that we have received from each plan, certified by an actuary. Among other factors, plans in the red zone are generally less than 65% funded, plans in the yellow zone are between 65% and 80% funded, and plans in the green zone are at least 80% funded. Pension Protection Act Zone Status Contributions (In thousands) Pension Fund EIN/Pension Plan Number 2024 2023 2024 2023 2022 FIP/RP Status Pending/Implemented (2) Minimum Contribution Surcharge Imposed Expiration Date of Collective Bargaining Agreement (1) Iron Workers Local Union No. 5 and Iron Workers Employers Association Employees Pension Trust Fund 521075473 Green Green $ 1,015 $ 1,359 $ 1,454 No No No 5/31/2017 International Painters and Allied Trades Industry Pension Fund 526073909 Red Red 971 869 932 Implemented No No 11/30/2017 Ironworkers Local 580 Pension Fund 136178514 Green Green 883 596 31 Implemented No Yes 6/30/2023 Western Glaziers Retirement Plan (Washington) 916123685 Green Green 423 815 160 No No No 6/30/2017 Iron Workers Mid-America Pension Fund 366488227 Green Green 237 429 431 No No No 5/31/2017 Glazier's Union Local 27 Pension and Retirement Plan 366034076 Green Green 145 174 290 No No No 5/31/2017 Atlanta Ironworkers Local Union 387 Pension Plan 586051152 Green Green 109 125 209 No No No 1/31/2017 Western Glaziers Retirement Fund (Oregon and Southwest Washington) 936074376 Green Green 22 441 — No No No 11/30/2017 Other funds 801 493 530 Total contributions $ 4,606 $ 5,301 $ 4,037 (1) Plans include contributions required by collective bargaining agreements which have expired, but contain provisions automatically renewing their terms in the absence of a subsequent negotiated agreement. (2) FIP is defined as Funding Improvement Plan; RP is defined as Rehabilitation Plan The Company was listed in the plans' Forms 5500 as providing more than 5% of the total contributions for the following plans and plan years: Pension Fund Year contributions to Plan Exceeded More Than 5 Percent of Total Contributions Iron Workers Local Union No. 5 and Iron Workers Employers Association Employees Pension Trust Fund 2024, 2023 and 2022 Western Glaziers Retirement Plan (Washington) 2022 Iron Workers Mid-America Pension Fund 2023 and 2022 Atlanta Ironworkers Local Union 387 Pension Plan 2023
Schedule of defined benefit plans disclosures	The following tables present reconciliations of the benefit obligation and the funded status of these plans. The Tubelite plan uses a measurement date as of the calendar month-end closest to our fiscal year-end, while the SERP uses a measurement date aligned with our fiscal year-end. (In thousands) 2024 2023 Change in projected benefit obligation Benefit obligation beginning of period $ 10,260 $ 12,405 Interest cost 497 380 Actuarial gain (973) (1,484) Benefits paid (887) (1,041) Benefit obligation at measurement date 8,897 10,260 Change in plan assets Fair value of plan assets beginning of period $ 3,992 $ 5,044 Actual return on plan assets 53 (706) Company contributions 635 695 Benefits paid (887) (1,041) Fair value of plan assets at measurement date 3,793 3,992 Underfunded status $ (5,104) $ (6,268)
Schedule of amounts recognized in balance sheet	The funded status was recognized in the consolidated balance sheets as follows: (In thousands) 2024 2023 Other non-current assets $ 111 $ 161 Current liabilities (446) (680) Other non-current liabilities (4,769) (5,749) Total $ (5,104) $ (6,268)
Schedule of amounts in accumulated other comprehensive income (loss) to be recognized as components of net periodic benefit cost	The following was included in accumulated other comprehensive loss and has not yet been recognized as a component of net periodic benefit cost: (In thousands) 2024 2023 Net actuarial loss $ 2,851 $ 3,968
Schedule of net benefit costs	Components of the defined-benefit pension plans' net periodic benefit cost: (In thousands) 2024 2023 2022 Interest cost $ 497 $ 380 $ 339 Expected return on assets (120) (84) (85) Amortization of unrecognized net loss 62 254 270 Net periodic benefit cost $ 439 $ 550 $ 524
Schedule of assumptions used	Benefit Obligation Weighted-Average Assumptions 2024 2023 2022 Discount rate 5.15 % 5.10 % 3.20 % Net Periodic Benefit Expense Weighted-Average Assumptions 2024 2023 2022 Discount rate 5.10 % 3.20 % 2.60 % Expected long-term rate of return on assets 4.50 % 2.75 % 2.50 %
Schedule of expected benefit payments	The following benefit payments, which reflect expected future service, are expected to be paid by the plans: (In thousands) 2025 2026 2027 2028 2029 2030-2034 Estimated future benefit payments $ 826 $ 795 $ 793 $ 780 $ 767 $ 3,526

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Tables)	12 Months Ended
	Mar. 02, 2024
Commitments and Contingencies Disclosure [Abstract]
Guarantees and warranties	(In thousands) 2024 2023 Balance at beginning of period $ 17,893 $ 13,923 Additional accruals 15,775 13,621 Claims paid (12,306) (9,651) Balance at end of period $ 21,362 $ 17,893
Outstanding NMTC transactions	The table below provides a summary of our outstanding NMTC transactions (in thousands): Inception date Termination date Proceeds received Deferred costs Net benefit May 2022 (1) August 2025 $ 6,052 $ 1,604 $ 4,448 September 2018 September 2025 3,198 1,031 2,167 Total $ 9,250 $ 2,635 $ 6,615 (1) Continuation of the August 2018 NMTC financing transaction

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Mar. 02, 2024
Equity [Abstract]
Accumulated other comprehensive loss, net of tax	The following summarizes the accumulated other comprehensive loss, net of tax, at March 2, 2024 and February 25, 2023: (In thousands) 2024 2023 Net unrealized loss on marketable securities $ (328) $ (550) Net unrealized gain on derivative instruments 440 512 Pension liability adjustments (2,187) (3,044) Foreign currency translation adjustments (27,456) (28,474) Total accumulated other comprehensive loss $ (29,531) $ (31,556)

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Mar. 02, 2024
Share-Based Payment Arrangement [Abstract]
Share-based compensation expense	We recorded share-based compensation expense, in which we account for any forfeitures as they occur, as follows: (In thousands) 2024 2023 2022 Restricted stock awards and restricted stock unit awards $ 6,753 $ 5,607 $ 5,345 Performance stock unit awards 2,714 2,389 501 Stock options 254 660 447 Share-based compensation expense 9,721 8,656 6,293
Award transactions on stock options	Stock option and SAR activity for the current fiscal year is summarized below: Number of Weighted Weighted Average Remaining Contractual Life Aggregate Outstanding at February 25, 2023 158,000 $ 23.04 Awards exercised (86,458) 23.04 Awards canceled (71,542) 23.04 Outstanding at March 2, 2024 — $ — 0.0 years $ —
Nonvested share award transactions	The following table summarizes nonvested restricted stock awards and restricted stock units activity for fiscal 2024: Number of Shares and Units Weighted Average Grant Date Fair Value February 25, 2023 375,080 $ 35.89 Granted 199,138 43.38 Vested (166,957) 32.54 Canceled (22,800) 42.82 March 2, 2024 384,461 $ 40.28
Performance shares activity	The following table summarizes nonvested performance share units granted and outstanding for which all plans are at maximum achievement of 200% of target: Number of Shares and Units Weighted Average Grant Date Fair Value February 25, 2023 79,699 $ 40.83 Granted 48,483 43.61 Canceled (13,078) 41.80 March 2, 2024 115,104 $ 41.89

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Mar. 02, 2024
Income Tax Disclosure [Abstract]
Earnings before income taxes	Earnings before income taxes consisted of the following: (In thousands) 2024 2023 2022 United States $ 133,185 $ 126,859 $ 70,039 International (3,932) (10,238) (56,170) Earnings before income taxes $ 129,253 $ 116,621 $ 13,869
Components of income tax expense	The components of income tax expense for each of the last three fiscal years are as follows: (In thousands) 2024 2023 2022 Current Federal $ 32,900 $ 9,621 $ 13,806 State and local 6,172 7,670 4,823 International 286 231 39 Total current 39,358 17,522 18,668 Deferred Federal (8,361) (5,120) (1,528) State and local (1,387) (2,487) (4,270) International — 422 (2,158) Total deferred (9,748) (7,185) (7,956) Total non-current tax (benefit) expense 30 2,177 (329) Total income tax expense $ 29,640 $ 12,514 $ 10,383
Schedule of effective income tax rate reconciliation	The following table provides a reconciliation of the statutory federal income tax rate to our consolidated effective tax rates: 2024 2023 2022 Statutory federal income tax rate 21.0 % 21.0 % 21.0 % State and local income taxes, net of federal tax benefit 2.4 3.5 16.4 Foreign tax rate differential (0.2) (0.2) (15.4) Valuation allowance 1.0 (4.7) 63.2 Nontaxable gain (loss) on life insurance policies — 0.2 1.2 Deduction for foreign derived intangible income (0.3) (0.2) (2.6) Research & development tax credit (1.3) (1.5) (9.4) §162(m) Executive Compensation Limitation 0.8 0.8 3.5 Tax benefit of share based awards (0.6) (0.8) (5.2) Worthless stock deduction — (6.0) — Other, net 0.1 (1.4) 2.2 Consolidated effective income tax rate 22.9 % 10.7 % 74.9 %
Deferred tax assets and deferred tax liabilities	Deferred tax assets and deferred tax liabilities at March 2, 2024 and February 25, 2023 were: (In thousands) 2024 2023 Deferred tax assets Accrued expenses $ 4,565 $ 1,862 Deferred compensation 11,138 9,666 Section 174 capitalized costs 12,450 12,222 Goodwill and other intangibles 2,342 4,316 Liability for unrecognized tax benefits 2,122 1,884 Unearned income 7,467 11,007 Operating lease liabilities 13,064 13,639 Net operating losses and tax credits 12,332 11,459 Other 4,773 3,656 Total deferred tax assets 70,253 69,711 Less: valuation allowance (10,803) (9,048) Deferred tax assets, net of valuation allowance 59,450 60,663 Deferred tax liabilities Depreciation 20,510 21,965 Operating lease, right-of-use assets 11,955 12,660 Bad debt 8,291 8,262 Prepaid expenses 2,131 2,467 Other 2,520 3,546 Total deferred tax liabilities 45,407 48,900 Net deferred tax assets (liabilities) $ 14,043 $ 11,763
Unrecognized tax benefits	The following table provides a reconciliation of the total amounts of gross unrecognized tax benefits: (In thousands) 2024 2023 2022 Gross unrecognized tax benefits at beginning of year $ 5,312 $ 3,321 $ 3,755 Gross increases in tax positions for prior years 91 2,298 108 Gross decreases in tax positions for prior years (65) (255) (145) Gross increases based on tax positions related to the current year 579 291 420 Gross decreases based on tax positions related to the current year — (27) — Settlements (354) — (147) Statute of limitations expiration (510) (316) (670) Gross unrecognized tax benefits at end of year $ 5,053 $ 5,312 $ 3,321

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
	Mar. 02, 2024
Earnings Per Share [Abstract]
Reconciliation of basic and diluted earnings per share	The following table presents a reconciliation of the share amounts used in the computation of basic and diluted earnings per share: (In thousands) 2024 2023 2022 Basic earnings per share - weighted average common shares outstanding 21,871 22,007 24,920 Weighted average effect of nonvested share grants and assumed exercise of stock options 220 409 372 Diluted earnings per share - weighted average common shares and potential common shares outstanding 22,091 22,416 25,292 Stock awards excluded from the calculation of earnings per share because the award price was greater than the average market price of the common shares 31 97 1

Business Segment Data (Tables)

Business Segment Data (Tables)	12 Months Ended
	Mar. 02, 2024
Segment Reporting [Abstract]
Schedule of segment reporting information	(In thousands) 2024 2023 2022 Net Sales Architectural Framing Systems $ 601,736 $ 649,778 $ 546,557 Architectural Glass 378,449 316,554 309,241 Architectural Services 378,422 410,627 407,421 Large-Scale Optical 99,223 104,215 101,673 Intersegment elimination (40,888) (40,478) (50,915) Total $ 1,416,942 $ 1,440,696 $ 1,313,977 Operating Income (Loss) Architectural Framing Systems $ 64,833 $ 81,875 $ 38,088 Architectural Glass 68,046 28,610 1,785 Architectural Services 11,840 18,140 (22,071) Large-Scale Optical 24,233 25,348 23,618 Corporate and other (35,119) (28,185) (19,375) Total $ 133,833 $ 125,788 $ 22,045 Depreciation and Amortization Architectural Framing Systems $ 19,226 $ 19,386 $ 20,361 Architectural Glass 11,955 11,964 14,564 Architectural Services 4,011 3,953 7,495 Large-Scale Optical 3,040 3,088 3,185 Corporate and other 3,356 4,012 4,388 Total $ 41,588 $ 42,403 $ 49,993 Capital Expenditures Architectural Framing Systems $ 4,733 $ 11,432 $ 7,344 Architectural Glass 12,142 5,613 5,865 Architectural Services 3,166 3,683 3,449 Large-Scale Optical 16,896 13,474 2,250 Corporate and other 6,243 10,975 2,933 Total $ 43,180 $ 45,177 $ 21,841 Identifiable Assets Architectural Framing Systems $ 363,512 $ 426,946 $ 414,012 Architectural Glass 208,651 207,730 225,362 Architectural Services 131,651 141,840 114,120 Large-Scale Optical 83,731 69,035 56,926 Corporate and other 96,519 69,814 77,443 Total $ 884,064 $ 915,365 $ 887,863
Schedule of revenue from external customers and long-lived assets, by geographical areas	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) 2024 2023 2022 Net Sales United States $ 1,295,436 $ 1,301,168 $ 1,194,141 Canada 101,055 120,565 102,027 Brazil 20,451 18,963 17,809 Total $ 1,416,942 $ 1,440,696 $ 1,313,977 Long-Lived Assets United States $ 235,398 $ 239,847 $ 239,264 Canada 6,345 6,330 7,742 Brazil 2,473 2,690 2,989 Total $ 244,216 $ 248,867 $ 249,995

Restructuring (Tables)

Restructuring (Tables)	12 Months Ended
	Mar. 02, 2024
Restructuring and Related Activities [Abstract]
Restructuring	(In thousands) Architectural Framing Architectural Glass Architectural Services Corporate & Other Total March 2, 2024 Asset impairment on property, plant and equipment $ 2,329 $ — $ 49 $ 3,851 $ 6,229 Termination benefits 3,348 — 2,475 56 5,879 Other restructuring charges 293 — 2 — 295 Total restructuring charges $ 5,970 $ — $ 2,526 $ 3,907 $ 12,403 February 25, 2023 Termination benefits — 116 — — 116 Total restructuring charges $ — $ 116 $ — $ — $ 116 February 26, 2022 Asset impairment on property, plant and equipment 54 21,443 — — 21,497 Termination benefits 1,435 3,718 — 1,039 6,192 Other restructuring charges 244 1,935 — 644 2,823 Total restructuring charges $ 1,733 $ 27,096 $ — $ 1,683 $ 30,512
Restructuring reserve	The following table summarizes our restructuring related accrual balances included within accrued payroll and related benefits and other current liabilities in the consolidated balance sheets. All remaining accrual balances are expected to be paid within fiscal 2025. (In thousands) Architectural Framing Architectural Glass Architectural Services Corporate & Other Total Balance at February 26, 2022 $ 440 $ 737 $ — $ 228 $ 1,405 Restructuring expense — 116 — — 116 Payments (227) (813) — (214) (1,254) Other adjustments (151) (17) — (14) (182) Balance at February 25, 2023 $ 62 $ 23 $ — $ — $ 85 Restructuring expense 3,985 — 2,477 56 6,518 Payments (1,233) (23) (410) — (1,666) Balance at March 2, 2024 $ 2,814 $ — $ 2,067 $ 56 $ 4,937

Summary of Significant Accoun_4

Summary of Significant Accounting Policies and Related Data (Narrative) (Details) $ in Thousands	3 Months Ended				12 Months Ended
	Mar. 02, 2024 USD ($) reportingUnit	Feb. 26, 2022 USD ($)	Nov. 27, 2021 USD ($)	Aug. 28, 2021 facility	Mar. 02, 2024 USD ($) reportingUnit segment	Feb. 25, 2023 USD ($)	Feb. 26, 2022 USD ($)
Accounting Policies [Line Items]
Asset impairment charges					$ 6,195	$ 0	$ 21,497
Impairment losses, investments			$ 3,000
Long-lived asset impairment charge		$ 36,700
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration]							Impairment expense on goodwill and intangible assets
Number of reporting units | reportingUnit					4
Number of reportable segments | segment					4
Goodwill	$ 129,182	130,102			$ 129,182	129,026	$ 130,102
Fixed-price contracts, percentage of total revenue					34%
Percentage of total revenue					24%
Research and development expense					$ 30,300	25,500	17,300
Architectural Glass
Accounting Policies [Line Items]
Goodwill	$ 3,038	1,120			3,038	3,031	1,120
Number of facilities closed | facility				2
Architectural Framing Systems
Accounting Policies [Line Items]
Number of reporting units | reportingUnit	1
Goodwill	$ 90,186	$ 93,181			$ 90,186	90,137	93,181
Window and Wall Systems and Storefront and Finishing Solutions
Accounting Policies [Line Items]
Number of reporting units | reportingUnit					2
Window and Wall Systems
Accounting Policies [Line Items]
Goodwill	53,600				$ 53,600
Storefront and Finishing Solutions
Accounting Policies [Line Items]
Goodwill	$ 35,700				35,700
Selling, general and administrative expenses
Accounting Policies [Line Items]
Advertising expense					$ 1,300	$ 1,200	$ 1,200
Minimum
Accounting Policies [Line Items]
Estimated useful life	18 months				18 months
Minimum | Project Fortify
Accounting Policies [Line Items]
Expected restructuring cost	$ 16,000				$ 16,000
Minimum | Project Fortify | Termination benefits
Accounting Policies [Line Items]
Expected restructuring cost	7,000				7,000
Minimum | Project Fortify | Contract Termination
Accounting Policies [Line Items]
Expected restructuring cost	2,000				2,000
Minimum | Project Fortify | Other restructuring charges
Accounting Policies [Line Items]
Expected restructuring cost	$ 6,000				$ 6,000
Maximum
Accounting Policies [Line Items]
Estimated useful life	30 years				30 years
Maximum | Project Fortify
Accounting Policies [Line Items]
Expected restructuring cost	$ 18,000				$ 18,000
Maximum | Project Fortify | Termination benefits
Accounting Policies [Line Items]
Expected restructuring cost	9,000				9,000
Maximum | Project Fortify | Contract Termination
Accounting Policies [Line Items]
Expected restructuring cost	3,000				3,000
Maximum | Project Fortify | Other restructuring charges
Accounting Policies [Line Items]
Expected restructuring cost	$ 7,000				$ 7,000
Buildings and improvements | Minimum
Accounting Policies [Line Items]
Estimated useful lives	10 years				10 years
Buildings and improvements | Maximum
Accounting Policies [Line Items]
Estimated useful lives	25 years				25 years
Machinery and equipment | Minimum
Accounting Policies [Line Items]
Estimated useful lives	3 years				3 years
Machinery and equipment | Maximum
Accounting Policies [Line Items]
Estimated useful lives	10 years				10 years
Computer and office equipment and furniture | Minimum
Accounting Policies [Line Items]
Estimated useful lives	3 years				3 years
Computer and office equipment and furniture | Maximum
Accounting Policies [Line Items]
Estimated useful lives	7 years				7 years
Recognized at shipment
Accounting Policies [Line Items]
Percentage of total revenue					42%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies and Related Data (Supplier Finance Program) (Details) $ in Thousands	12 Months Ended
	Mar. 02, 2024 USD ($)
Supplier Finance Program, Obligation [Roll Forward]
Supplier Finance Program, Obligation, Statement of Financial Position [Extensible Enumeration]	Accounts Payable, Current
US Bank Supplier Finance Program
Supplier Finance Program, Obligation [Roll Forward]
Balance at beginning of period	$ 0
Obligations added to the program	33,133
Obligations settled	(26,606)
Balance at end of period	$ 6,527

Revenue, Receivables and Cont_3

Revenue, Receivables and Contract Assets and Liabilities (Timing of Recognition) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Feb. 26, 2022
Disaggregation of Revenue [Line Items]
Total	$ 1,416,942	$ 1,440,696	$ 1,313,977
Recognized at shipment
Disaggregation of Revenue [Line Items]
Total	596,270	649,792	551,783
Recognized over time (input method)
Disaggregation of Revenue [Line Items]
Total	483,109	514,826	503,972
Recognized over time (output method)
Disaggregation of Revenue [Line Items]
Total	$ 337,563	$ 276,078	$ 258,222

Revenue, Receivables and Cont_4

Revenue, Receivables and Contract Assets and Liabilities (Receivables) (Details) - USD ($) $ in Thousands	Mar. 02, 2024	Feb. 25, 2023	Feb. 26, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total receivables	$ 176,940	$ 199,063
Less: allowance for credit losses	3,383	1,796	$ 2,132
Receivables, net	173,557	197,267
Trade accounts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total receivables	115,061	140,732
Construction contracts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total receivables	$ 61,879	$ 58,331

Revenue, Receivables and Cont_5

Revenue, Receivables and Contract Assets and Liabilities (Allowance for Credit Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 1,796	$ 2,132
Additions charged to costs and expenses	2,473	394
Deductions from allowance, net of recoveries	(901)	(686)
Other deductions	15	(44)
Ending balance	$ 3,383	$ 1,796

Revenue, Receivables and Cont_6

Revenue, Receivables and Contract Assets and Liabilities (Contract Assets and Liabilities) (Details) - USD ($) $ in Thousands	Mar. 02, 2024	Feb. 25, 2023
Revenue from Contract with Customer [Abstract]
Contract assets	$ 49,502	$ 59,403
Contract liabilities	$ 34,755	$ 28,011

Revenue, Receivables and Cont_7

Revenue, Receivables and Contract Assets and Liabilities (Revenue Recognized) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023
Revenue from Contract with Customer [Abstract]
Revenue recognized related to contract liabilities from prior year-end	$ 25,342	$ 37,594
Revenue recognized related to prior satisfaction of performance obligations	$ 9,257	$ 16,612

Revenue, Receivables and Cont_8

Revenue, Receivables and Contract Assets and Liabilities (Performance Obligations) (Details) $ in Thousands	Mar. 02, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue to be recognized	$ 886,285
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-03-03
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue to be recognized	$ 460,881
Expected timing of satisfaction	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-03-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue to be recognized	$ 305,704
Expected timing of satisfaction	2 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-02-28
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue to be recognized	$ 119,700
Expected timing of satisfaction	2 years

Supplemental Balance Sheet In_3

Supplemental Balance Sheet Information (Schedule of Inventory) (Details) - USD ($) $ in Thousands	Mar. 02, 2024	Feb. 25, 2023
Working Capital [Abstract]
Raw materials	$ 31,363	$ 36,869
Work-in-process	12,291	18,024
Finished goods	25,586	23,548
Total inventories, net	$ 69,240	$ 78,441

Supplemental Balance Sheet In_4

Supplemental Balance Sheet Information (Schedule of Other Current Liabilities) (Details) - USD ($) $ in Thousands	Mar. 02, 2024	Feb. 25, 2023
Working Capital [Abstract]
Warranties and backcharges	$ 18,874	$ 14,872
Accrued self-insurance reserves	17,592	14,447
Income and other taxes	7,202	7,129
Other	15,440	28,084
Total other current liabilities	$ 59,108	$ 64,532

Supplemental Balance Sheet In_5

Supplemental Balance Sheet Information (Schedule of Other Non-current Liabilities) (Details) - USD ($) $ in Thousands	Mar. 02, 2024	Feb. 25, 2023
Working Capital [Abstract]
Deferred warranty revenue	$ 10,274	$ 10,352
Deferred benefit from New Markets Tax Credit transactions	9,250	9,250
Deferred compensation plan	5,938	5,577
Retirement plan obligations	4,769	5,749
Deferred tax liabilities	1,456	1,417
Other	12,188	11,838
Total other non-current liabilities	$ 43,875	$ 44,183

Financial Instruments (Amortize

Financial Instruments (Amortized Cost) (Details) - USD ($) $ in Thousands	Mar. 02, 2024	Feb. 25, 2023
Marketable Securities [Abstract]
Amortized Cost	$ 11,327	$ 10,647
Gross Unrealized Gains	15	0
Gross Unrealized Losses	437	702
Estimated Fair Value	$ 10,905	$ 9,945

Financial Instruments (By Matur

Financial Instruments (By Maturity) (Details) - USD ($) $ in Thousands	Mar. 02, 2024	Feb. 25, 2023
Marketable Securities [Abstract]
Due within one year	$ 2,820
Due after one year through five years	8,507
Amortized Cost	11,327	$ 10,647
Due within one year	2,798
Due after one year through five years	8,107
Estimated Fair Value	$ 10,905	$ 9,945

Financial Instruments (Narrativ

Financial Instruments (Narrative) (Details) - Designated as Hedging Instrument - USD ($) $ in Millions	Mar. 02, 2024	Feb. 29, 2020
Interest rate swap contract
Derivative [Line Items]
Notional value		$ 30
Foreign currency option contract
Derivative [Line Items]
Notional value	$ 1.4
Aluminum hedging contract
Derivative [Line Items]
Notional value	$ 9.3

Financial Instruments Financial

Financial Instruments Financial Instruments (Assets and Liabilities) (Details) - USD ($) $ in Thousands	Mar. 02, 2024	Feb. 25, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	$ 26,529	$ 8,062
Municipal and corporate bonds	10,905	9,945
Quoted Prices in Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	26,529	8,062
Municipal and corporate bonds	0	0
Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	0	0
Municipal and corporate bonds	10,905	9,945
Foreign currency option contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	3
Derivative Liability		206
Foreign currency option contract | Quoted Prices in Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0
Derivative Liability		0
Foreign currency option contract | Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	3
Derivative Liability		206
Interest rate swap contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	1,292	1,817
Interest rate swap contract | Quoted Prices in Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0	0
Interest rate swap contract | Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	1,292	1,817
Aluminum hedging contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	529	1,075
Aluminum hedging contract | Quoted Prices in Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	0	0
Aluminum hedging contract | Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	$ 529	$ 1,075

Property, Plant and Equipment_2

Property, Plant and Equipment (Schedule of Net Property, Plant and Equipment) (Details) - USD ($) $ in Thousands	Mar. 02, 2024	Feb. 25, 2023	Feb. 26, 2022
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 689,233	$ 680,577
Less: accumulated depreciation	445,017	431,710
Net property, plant and equipment	244,216	248,867	$ 249,995
Land
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	3,637	3,600
Buildings and improvements
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	189,675	188,949
Machinery and equipment
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	391,236	376,721
Computer and office equipment and furniture
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	62,586	69,465
Construction in progress
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 42,099	$ 41,842

Property, Plant and Equipment_3

Property, Plant and Equipment (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Feb. 26, 2022
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 37.6	$ 38.2	$ 42.2

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Goodwill) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023
Goodwill [Roll Forward]
Goodwill, Beginning	$ 129,026	$ 130,102
Reallocation among reporting units		0
Foreign currency translation	156	(1,076)
Goodwill, Ending	129,182	129,026
Architectural Framing Systems
Goodwill [Roll Forward]
Goodwill, Beginning	90,137	93,181
Reallocation among reporting units		(2,048)
Foreign currency translation	49	(996)
Goodwill, Ending	90,186	90,137
Architectural Services
Goodwill [Roll Forward]
Goodwill, Beginning	25,301	25,244
Reallocation among reporting units		0
Foreign currency translation	100	57
Goodwill, Ending	25,401	25,301
Architectural Glass
Goodwill [Roll Forward]
Goodwill, Beginning	3,031	1,120
Reallocation among reporting units		2,048
Foreign currency translation	7	(137)
Goodwill, Ending	3,038	3,031
Large-Scale Optical
Goodwill [Roll Forward]
Goodwill, Beginning	10,557	10,557
Reallocation among reporting units		0
Foreign currency translation	0	0
Goodwill, Ending	$ 10,557	$ 10,557

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Intangible Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	$ 124,303	$ 128,899
Accumulated Amortization	(85,450)	(84,633)
Foreign Currency Translation	396	(3,742)
Net	39,249	40,524
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross Carrying Amount	151,154	156,028
Accumulated Amortization	(85,450)	(84,633)
Foreign Currency Translation	410	(4,020)
Net	66,114	67,375
Trademarks
Indefinite-lived Intangible Assets [Line Items]
Gross Carrying Amount	26,851	27,129
Foreign Currency Translation	14	(278)
Net	26,865	26,851
Customer relationships
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	86,798	89,495
Accumulated Amortization	(53,200)	(49,404)
Foreign Currency Translation	246	(2,697)
Net	33,844	37,394
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	(53,200)	(49,404)
Other intangibles
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	37,505	39,404
Accumulated Amortization	(32,250)	(35,229)
Foreign Currency Translation	150	(1,045)
Net	5,405	3,130
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	$ (32,250)	$ (35,229)

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Feb. 26, 2022	Mar. 02, 2024	Feb. 25, 2023	Feb. 26, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense on finite-lived intangible assets		$ 4,900	$ 4,200	$ 7,800
Finite Lived Intangible Assets [Line Items]
Long-lived asset impairment charge	$ 36,700
Indefinite-lived Intangible Assets [Line Items]
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]		Impairment expense on goodwill and intangible assets
Tradename
Indefinite-lived Intangible Assets [Line Items]
Impairment of indefinite-lived asset				12,700
Tradename
Finite Lived Intangible Assets [Line Items]
Long-lived asset impairment charge				$ 36,700

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets (Future Amortization) (Details) $ in Thousands	Mar. 02, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2025	$ 4,824
2026	4,824
2027	4,822
2028	4,801
2029	$ 4,167

Debt (Narrative) (Details)

Debt (Narrative) (Details)	12 Months Ended
	Mar. 02, 2024 USD ($) lineOfCredit acquisitionHoliday quarter	Feb. 25, 2023 USD ($)	Feb. 26, 2022 USD ($)	Jan. 06, 2021 USD ($)
Line of Credit Facility [Line Items]
Maximum number of acquisition holidays | acquisitionHoliday	2
Number of quarters separating acquisition holidays | quarter	2
Letters of credit outstanding, amount	$ 15,000,000
Debt	62,000,000
Interest payments	9,300,000	$ 8,200,000	$ 3,500,000
Line of Credit
Line of Credit Facility [Line Items]
Acquisition holiday	$ 75,000,000
Line of Credit | Base Rate | Minimum
Line of Credit Facility [Line Items]
Basis spread	0.125%
Line of Credit | Base Rate | Maximum
Line of Credit Facility [Line Items]
Basis spread	0.75%
Line of Credit | SOFR | Minimum
Line of Credit Facility [Line Items]
Basis spread	1.125%
Line of Credit | SOFR | Maximum
Line of Credit Facility [Line Items]
Basis spread	1.75%
Line of Credit | Incremental Term SOFR Adjustment | Minimum
Line of Credit Facility [Line Items]
Basis spread	0.10%
Line of Credit | Incremental Term SOFR Adjustment | Maximum
Line of Credit Facility [Line Items]
Basis spread	0.29547%
Line of Credit | Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum debt-to-EBITDA ratio	3.25
Minimum ratio of EBITDA-to-interest expense	3
Accordion feature, increase limit				$ 200,000,000
Amount of available commitment	$ 320,000,000
Line of Credit | Revolving Credit Facility | Acquisition Holiday Condition
Line of Credit Facility [Line Items]
Maximum debt-to-EBITDA ratio	3.75
Line of Credit | Revolving Credit Facility | Wells Fargo Bank, N.A.
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 385,000,000
Amount outstanding	50,000,000	156,000,000
Line of Credit | Revolving Credit Facility | Bank of Montreal
Line of Credit Facility [Line Items]
Maximum borrowing capacity	25,000,000
Amount outstanding	$ 0	$ 1,800,000
Number of lines of credit | lineOfCredit	2
Line of Credit | U.S. credit Facility and Canadian Facilities
Line of Credit Facility [Line Items]
Amount of available commitment	$ 25,000,000
Industrial Revenue Bonds
Line of Credit Facility [Line Items]
Debt	$ 12,000,000

Debt (Schedule of Debt Maturiti

Debt (Schedule of Debt Maturities) (Details) $ in Thousands	Mar. 02, 2024 USD ($)
Debt Disclosure [Abstract]
2025	$ 0
2026	0
2027	0
2028	50,000
2029	0
Thereafter	12,000
Total long-term debt	$ 62,000

Debt (Schedule of Selected Info

Debt (Schedule of Selected Information Related to Long Term Debt) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023
Debt Disclosure [Abstract]
Average daily borrowings during the year	$ 130,939	$ 225,773
Weighted average interest rate during the year	6.03%	3.54%

Debt (Schedule of Interest Expe

Debt (Schedule of Interest Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Feb. 26, 2022
Debt Disclosure [Abstract]
Interest on debt	$ 8,704	$ 8,558	$ 3,228
Interest rate swap (income) expense	(893)	(418)	467
Other interest expense	178	294	866
Interest expense, net	$ 7,989	$ 8,434	$ 4,561

Leases (Narrative) (Details)

Leases (Narrative) (Details) $ in Millions	12 Months Ended
	Mar. 02, 2024 USD ($) leasedFacility lease
Lessee, Lease, Description [Line Items]
Renewal term	10 years
Leases not recorded with lease terms of 12 months or less	12 months
Lease that is signed but has not yet commenced | lease	1
Facility, lease that is signed but has not yet commenced | leasedFacility	1
Lease not yet commenced liability | $	$ 13.7
Minimum
Lessee, Lease, Description [Line Items]
Lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Lease term	10 years

Leases (Cost) (Details)

Leases (Cost) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023
Leases [Abstract]
Operating lease cost	$ 14,312	$ 12,336
Short-term lease cost	1,349	1,579
Variable lease cost	2,629	3,487
Sublease income	(1,479)	(671)
Total lease cost	$ 16,811	$ 16,731

Leases Leases (Supplemental Inf

Leases Leases (Supplemental Information) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023
Leases [Abstract]
Cash paid for amounts included in the measurement of operating lease liabilities	$ 14,656	$ 14,086
Lease assets obtained in exchange for new operating lease liabilities	$ 11,883	$ 11,359
Weighted-average remaining lease term - operating leases	4 years	4 years 6 months
Weighted-average discount rate - operating leases	3.20%	3.10%

Leases (Liability Maturity) (De

Leases (Liability Maturity) (Details) $ in Thousands	Mar. 02, 2024 USD ($)
Leases [Abstract]
Fiscal 2025	$ 12,498
Fiscal 2026	11,206
Fiscal 2027	10,845
Fiscal 2028	6,421
Fiscal 2029	1,991
Thereafter	1,826
Total lease payments	44,787
Less: Amounts representing interest	594
Present value of lease liabilities	$ 44,193

Employee Benefit Plans (Multiem

Employee Benefit Plans (Multiemployer Plans) (Details) - Pension Plan - USD ($) $ in Thousands	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Feb. 26, 2022
Multiemployer Plan [Line Items]
Other funds	$ 801	$ 493	$ 530
Total contributions	4,606	5,301	4,037
Iron Workers Local Union No. 5 and Iron Workers Employers Association Employees Pension Trust Fund
Multiemployer Plan [Line Items]
Contributions	1,015	1,359	1,454
International Painters and Allied Trades Industry Pension Fund
Multiemployer Plan [Line Items]
Contributions	971	869	932
Ironworkers Local 580 Pension Fund
Multiemployer Plan [Line Items]
Contributions	883	596	31
Western Glaziers Retirement Plan (Washington)
Multiemployer Plan [Line Items]
Contributions	423	815	160
Iron Workers Mid-America Pension Fund
Multiemployer Plan [Line Items]
Contributions	237	429	431
Glazier's Union Local 27 Pension and Retirement Plan
Multiemployer Plan [Line Items]
Contributions	145	174	290
Atlanta Ironworkers Local Union 387 Pension Plan
Multiemployer Plan [Line Items]
Contributions	109	125	209
Western Glaziers Retirement Fund (Oregon and Southwest Washington)
Multiemployer Plan [Line Items]
Contributions	$ 22	$ 441	$ 0

Employee Benefit Plans (Narrati

Employee Benefit Plans (Narrative) (Details) $ in Thousands	2 Months Ended	10 Months Ended	12 Months Ended
	Feb. 25, 2023 USD ($)	Dec. 31, 2022	Mar. 01, 2025 USD ($)	Mar. 02, 2024 USD ($) manufacturingFacility	Feb. 25, 2023 USD ($)	Feb. 26, 2022 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Number of manufacturing facilities | manufacturingFacility				2
Percentage employees are allowed to contribute (up to 60 percent)				60%
Annual company match amount				$ 9,600	$ 8,600	$ 7,700
Deferred compensation obligations	$ 9,500			5,900	9,500
Investments in corporate-owned life insurance policies				8,500
Mutual funds				300
Net actuarial gain (loss) in comprehensive earnings				900	700
Net periodic benefit cost				439	550	524
Estimated amortization from accumulated other comprehensive loss into net periodic benefit cost in the next fiscal year				(62)	(254)	(270)
Company contributions				635	695
Multiemployer Plans Defined Contribution
Defined Benefit Plan Disclosure [Line Items]
Total contributions				$ 2,200	$ 2,200	$ 1,600
Scenario, Forecast
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit cost			$ 500
Estimated amortization from accumulated other comprehensive loss into net periodic benefit cost in the next fiscal year			$ 200
First Two Percent
Defined Benefit Plan Disclosure [Line Items]
Company matching contribution percentage	100%
Percentage of eligible compensation contributed	2%
Next Four Percent
Defined Benefit Plan Disclosure [Line Items]
Company matching contribution percentage	50%
Percentage of eligible compensation contributed	4%
First One Percent
Defined Benefit Plan Disclosure [Line Items]
Company matching contribution percentage		100%
Percentage of eligible compensation contributed	1%
Two Through Six Percent
Defined Benefit Plan Disclosure [Line Items]
Company matching contribution percentage		50%
Percentage of eligible compensation contributed	5%

Employee Benefit Plans (Schedul

Employee Benefit Plans (Schedule of Changes in Plan Assets, Changes in Projected Benefit Obligation, and Funded Status) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Feb. 26, 2022
Change in projected benefit obligation
Benefit obligation beginning of period	$ 10,260	$ 12,405
Interest cost	497	380	$ 339
Actuarial gain	(973)	(1,484)
Benefits paid	(887)	(1,041)
Benefit obligation at measurement date	8,897	10,260	12,405
Change in plan assets
Fair value of plan assets beginning of period	3,992	5,044
Actual return on plan assets	53	(706)
Company contributions	635	695
Fair value of plan assets at measurement date	3,793	3,992	$ 5,044
Underfunded status	$ (5,104)	$ (6,268)

Employee Benefit Plans (Amounts

Employee Benefit Plans (Amounts Recognized in Balance Sheet) (Details) - USD ($) $ in Thousands	Mar. 02, 2024	Feb. 25, 2023
Retirement Benefits [Abstract]
Other non-current assets	$ 111	$ 161
Current liabilities	(446)	(680)
Other non-current liabilities	(4,769)	(5,749)
Total	$ (5,104)	$ (6,268)

Employee Benefit Plans (Sched_2

Employee Benefit Plans (Schedule of Accumulated Other Comprehensive Loss That Have Not Yet Been Recognized as Components of Net Periodic Benefit Cost) (Details) - USD ($) $ in Thousands	Mar. 02, 2024	Feb. 25, 2023
Retirement Benefits [Abstract]
Net actuarial loss	$ 2,851	$ 3,968

Employee Benefit Plans (Sched_3

Employee Benefit Plans (Schedule of Components of Defined Benefit Pension Plans Net Periodic Benefit Cost) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Feb. 26, 2022
Components of net periodic benefit cost
Interest cost	$ 497	$ 380	$ 339
Expected return on assets	(120)	(84)	(85)
Amortization of unrecognized net loss	62	254	270
Net periodic benefit cost	$ 439	$ 550	$ 524
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)

Employee Benefit Plans (Sched_4

Employee Benefit Plans (Schedule of Assumptions Used) (Details)	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Feb. 26, 2022
Retirement Benefits [Abstract]
Discount rate	5.15%	5.10%	3.20%
Net periodic pension expense, Discount rate	5.10%	3.20%	2.60%
Net periodic pension expense, Expected return on plan assets	4.50%	2.75%	2.50%

Employee Benefit Plans (Sched_5

Employee Benefit Plans (Schedule of Expected Benefit Payments) (Details) $ in Thousands	Mar. 02, 2024 USD ($)
Retirement Benefits [Abstract]
2025	$ 826
2026	795
2027	793
2028	780
2029	767
2030-2034	$ 3,526

Commitments and Contingent Li_3

Commitments and Contingent Liabilities (Narrative) (Details) $ in Millions	1 Months Ended	3 Months Ended	12 Months Ended
	Dec. 31, 2022 USD ($)	Aug. 26, 2023 USD ($) transaction	Mar. 02, 2024 USD ($) arrangement manufacturingFacility	Feb. 25, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Face value of performance bonds			$ 1,300
Company's backlog bonded by performance bonds			463.3
Total value of letter of credit			15
Purchase obligations			$ 41.2
Number of properties acquired with historical environmental conditions | manufacturingFacility			1
Reserve for environmental liabilities			$ 0.4	$ 0.4
Environmental Loss Contingency, Statement of Financial Position [Extensible Enumeration]			Other current liabilities	Other current liabilities
Number of New Markets Tax Credit agreements | arrangement			2
NMTC transaction settled | transaction		1
New Markets Tax Credit, tax benefit		$ 4.7
Amount awarded to claimant	$ 20

Commitments and Contingent Li_4

Commitments and Contingent Liabilities (Warranty) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023
Guarantees and warranties
Balance at beginning of period	$ 17,893	$ 13,923
Additional accruals	15,775	13,621
Claims paid	(12,306)	(9,651)
Balance at end of period	$ 21,362	$ 17,893

Commitments and Contingent Li_5

Commitments and Contingent Liabilities (Outstanding NMTC transactions) (Details) $ in Thousands	12 Months Ended
	Mar. 02, 2024 USD ($)
Loss Contingencies [Line Items]
Proceeds received	$ 9,250
Deferred costs	2,635
Net benefit	6,615
August 2025
Loss Contingencies [Line Items]
Proceeds received	6,052
Deferred costs	1,604
Net benefit	4,448
September 2025
Loss Contingencies [Line Items]
Proceeds received	3,198
Deferred costs	1,031
Net benefit	$ 2,167

Shareholders' Equity (Narrative

Shareholders' Equity (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended			230 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Feb. 26, 2022	Feb. 25, 2023	Oct. 06, 2023
Class of Stock [Line Items]
Share repurchases, value	$ 11,821	$ 74,312	$ 100,414
Increase to repurchase authorized amounts (in shares)					2,000,000
Stock Based Compensation Plans
Class of Stock [Line Items]
Tax withholding	$ 2,500	$ 2,300	$ 2,100
Share Repurchase Program
Class of Stock [Line Items]
Share repurchases (in shares)	279,916	1,571,139	2,292,846	11,276,517
Share repurchases, value	$ 11,800	$ 74,300	$ 100,000	$ 393,500
Remaining shares authorized to be repurchased (in shares)	2,973,483,000

Shareholders' Equity (Schedule

Shareholders' Equity (Schedule of Accumulated Other Comprehensive Loss Net of Tax) (Details) - USD ($) $ in Thousands	Mar. 02, 2024	Feb. 25, 2023
Equity [Abstract]
Net unrealized loss on marketable securities	$ (328)	$ (550)
Net unrealized gain on derivative instruments	440	512
Pension liability adjustments	(2,187)	(3,044)
Foreign currency translation adjustments	(27,456)	(28,474)
Total accumulated other comprehensive loss	$ (29,531)	$ (31,556)

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details)	12 Months Ended
	Mar. 02, 2024 USD ($) performancePeriod shares	Feb. 25, 2023 USD ($)	Feb. 26, 2022 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Proceeds from exercise of stock options	$ 0	$ 0	$ 4,115,000
Aggregate intrinsic value of securities	$ 1,800,000	$ 2,700,000
Number of performance periods | performancePeriod	3
Total unrecognized compensation cost related to nonvested share	$ 11,200,000
Weighted average period, Nonvested	21 months
Total fair value of shares vested	$ 5,800,000
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Target number of performance shares	0%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Target number of performance shares	200%
Share-Based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	2 years
Share-Based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Share-Based Payment Arrangement, Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	4 years
2019 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for issuance (in shares) | shares	1,150,000
2019 Non-Employee Director Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for issuance (in shares) | shares	150,000

Share-Based Compensation (Compe

Share-Based Compensation (Compensation Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Feb. 26, 2022
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	$ 9,721	$ 8,656	$ 6,293
Restricted stock awards and restricted stock unit awards
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	6,753	5,607	5,345
Performance stock unit awards
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	2,714	2,389	501
Stock options
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	$ 254	$ 660	$ 447

Share-Based Compensation (Stock

Share-Based Compensation (Stock Options) (Details) - Options/SARs Outstanding	12 Months Ended
	Mar. 02, 2024 USD ($) $ / shares shares
Award transactions on stock options
Outstanding, Beginning (in shares) | shares	158,000
Awards exercised (in shares) | shares	(86,458)
Awards canceled (in shares) | shares	(71,542)
Outstanding, Ending (in shares) | shares	0
Award transactions on stock options, Weighted Average Exercise Price
Weighted average exercise price, Beginning (usd per share) | $ / shares	$ 23.04
Weighted average exercise price, Awards exercised (usd per share) | $ / shares	23.04
Weighted average exercise price, awards cancelled (usd per share) | $ / shares	23.04
Weighted average exercise price, Ending (usd per share) | $ / shares	$ 0
Weighted Average Remaining Contractual Life	0 years
Aggregate Intrinsic Value at Year-End | $	$ 0

Share-Based Compensation (Nonve

Share-Based Compensation (Nonvested Share Awards and Units) (Details)	12 Months Ended
	Mar. 02, 2024 $ / shares shares
Restricted stock awards and restricted stock unit awards
Nonvested share award transactions
Beginning balance (in shares) | shares	375,080
Granted (in shares) | shares	199,138
Vested (in shares) | shares	(166,957)
Canceled (in shares) | shares	(22,800)
Ending balance (in shares) | shares	384,461
Nonvested share award transactions, Wieghted Average Grant Date Fair Value
Weighted average grant date fair value, Beginning (usd per share) | $ / shares	$ 35.89
Weighted average grant date fair value, Granted (usd per share) | $ / shares	43.38
Weighted average grant date fair value, Vested (usd per share) | $ / shares	32.54
Weighted average grant date fair value, Canceled (usd per share) | $ / shares	42.82
Weighted average grant date fair value, Ending (usd per share) | $ / shares	$ 40.28
Performance stock unit awards
Nonvested share award transactions
Beginning balance (in shares) | shares	79,699
Granted (in shares) | shares	48,483
Canceled (in shares) | shares	(13,078)
Ending balance (in shares) | shares	115,104
Nonvested share award transactions, Wieghted Average Grant Date Fair Value
Weighted average grant date fair value, Beginning (usd per share) | $ / shares	$ 40.83
Weighted average grant date fair value, Granted (usd per share) | $ / shares	43.61
Weighted average grant date fair value, Canceled (usd per share) | $ / shares	41.80
Weighted average grant date fair value, Ending (usd per share) | $ / shares	$ 41.89

Income Taxes (Schedule of Earni

Income Taxes (Schedule of Earnings (loss) before Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Feb. 26, 2022
Income Tax Disclosure [Abstract]
United States	$ 133,185	$ 126,859	$ 70,039
International	(3,932)	(10,238)	(56,170)
Earnings before income taxes	$ 129,253	$ 116,621	$ 13,869

Income Taxes (Schedule of Compo

Income Taxes (Schedule of Components of Income Tax Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Feb. 26, 2022
Current
Federal	$ 32,900	$ 9,621	$ 13,806
State and local	6,172	7,670	4,823
International	286	231	39
Total current	39,358	17,522	18,668
Deferred
Federal	(8,361)	(5,120)	(1,528)
State and local	(1,387)	(2,487)	(4,270)
International	0	422	(2,158)
Total deferred	(9,748)	(7,185)	(7,956)
Total non-current tax (benefit) expense	30	2,177	(329)
Total income tax expense	$ 29,640	$ 12,514	$ 10,383

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Feb. 26, 2022
Income Tax Disclosure [Abstract]
Income tax payments, net of refunds	$ 33	$ 27.4	$ 8.2
Estimated effective tax rate increase	12.20%
Net operating loss carryforwards	$ 12.3
Valuation allowance of net operating loss carryforwards	9
Tax benefits that if recognized would decrease the effective tax rate	3.3	3.8	1.7
Tax benefits that if recognized would impact deferred taxes	1.8	1.5	1.7
Income tax penalties and interest accrued	$ 0.6	$ 0.4	$ 0.3

Income Taxes (Income Tax Reconc

Income Taxes (Income Tax Reconciliation) (Details)	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Feb. 26, 2022
Income Tax Disclosure [Abstract]
Statutory federal income tax rate	21%	21%	21%
State and local income taxes, net of federal tax benefit	2.40%	3.50%	16.40%
Foreign tax rate differential	(0.20%)	(0.20%)	(15.40%)
Valuation allowance	1%	(4.70%)	63.20%
Nontaxable gain (loss) on life insurance policies	0%	0.20%	1.20%
Deduction for foreign derived intangible income	(0.30%)	(0.20%)	(2.60%)
Research & development tax credit	(1.30%)	(1.50%)	(9.40%)
§162(m) Executive Compensation Limitation	0.80%	0.80%	3.50%
Tax benefit of share based awards	(0.60%)	(0.80%)	(5.20%)
Worthless stock deduction	0%	(6.00%)	0%
Other, net	0.10%	(1.40%)	2.20%
Consolidated effective income tax rate	22.90%	10.70%	74.90%

Income Taxes (Schedule of Defer

Income Taxes (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	Mar. 02, 2024	Feb. 25, 2023
Deferred tax assets
Accrued expenses	$ 4,565	$ 1,862
Deferred compensation	11,138	9,666
Section 174 capitalized costs	12,450	12,222
Goodwill and other intangibles	2,342	4,316
Liability for unrecognized tax benefits	2,122	1,884
Unearned income	7,467	11,007
Operating lease liabilities	13,064	13,639
Net operating losses and tax credits	12,332	11,459
Other	4,773	3,656
Total deferred tax assets	70,253	69,711
Less: valuation allowance	(10,803)	(9,048)
Deferred tax assets, net of valuation allowance	59,450	60,663
Deferred tax liabilities
Depreciation	20,510	21,965
Operating lease, right-of-use assets	11,955	12,660
Bad debt	8,291	8,262
Prepaid expenses	2,131	2,467
Other	2,520	3,546
Total deferred tax liabilities	45,407	48,900
Net deferred tax assets	$ 14,043	$ 11,763

Income Taxes (Schedule of Unrec

Income Taxes (Schedule of Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Feb. 26, 2022
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Gross unrecognized tax benefits at beginning of year	$ 5,312	$ 3,321	$ 3,755
Gross increases in tax positions for prior years	91	2,298	108
Gross decreases in tax positions for prior years	(65)	(255)	(145)
Gross increases based on tax positions related to the current year	579	291	420
Gross decreases based on tax positions related to the current year	0	(27)	0
Settlements	(354)	0	(147)
Statute of limitations expiration	(510)	(316)	(670)
Gross unrecognized tax benefits at end of year	$ 5,053	$ 5,312	$ 3,321

Earnings per Share (Details)

Earnings per Share (Details) - shares shares in Thousands	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Feb. 26, 2022
Earnings Per Share [Abstract]
Basic earnings per share - weighted average common shares outstanding	21,871	22,007	24,920
Weighted average effect of nonvested share grants and assumed exercise of stock options	220	409	372
Diluted earnings per share - weighted average common shares and potential common shares outstanding	22,091	22,416	25,292
Stock awards excluded from the calculation of earnings per share because the award price was greater than the average market price of the common shares	31	97	1

Business Segment Data (Narrativ

Business Segment Data (Narrative) (Details) $ in Thousands	12 Months Ended
	Mar. 02, 2024 USD ($) segment	Feb. 25, 2023 USD ($)	Feb. 26, 2022 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment	4
Net Sales	$ 1,416,942	$ 1,440,696	$ 1,313,977
Geographic Concentration Risk | Revenue Benchmark
Segment Reporting Information [Line Items]
Net Sales	$ 47,600	$ 56,200	$ 59,500
Geographic Concentration Risk | Revenue Benchmark | Non-US
Segment Reporting Information [Line Items]
Export net sales as a percentage of consolidated net sales	3%	4%	5%

Business Segment Data (Schedule

Business Segment Data (Schedule of Certain Segment Data) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Feb. 26, 2022
Segment Reporting Information [Line Items]
Net sales	$ 1,416,942	$ 1,440,696	$ 1,313,977
Operating Income (Loss)	133,833	125,788	22,045
Depreciation and Amortization	41,588	42,403	49,993
Capital Expenditures	43,180	45,177	21,841
Identifiable Assets	884,064	915,365	887,863
Intersegment elimination
Segment Reporting Information [Line Items]
Net sales	(40,888)	(40,478)	(50,915)
Corporate and other
Segment Reporting Information [Line Items]
Operating Income (Loss)	(35,119)	(28,185)	(19,375)
Depreciation and Amortization	3,356	4,012	4,388
Capital Expenditures	6,243	10,975	2,933
Identifiable Assets	96,519	69,814	77,443
Architectural Framing Systems | Operating Segments
Segment Reporting Information [Line Items]
Net sales	601,736	649,778	546,557
Operating Income (Loss)	64,833	81,875	38,088
Depreciation and Amortization	19,226	19,386	20,361
Capital Expenditures	4,733	11,432	7,344
Identifiable Assets	363,512	426,946	414,012
Architectural Glass | Operating Segments
Segment Reporting Information [Line Items]
Net sales	378,422	410,627	407,421
Operating Income (Loss)	11,840	18,140	(22,071)
Depreciation and Amortization	11,955	11,964	14,564
Capital Expenditures	12,142	5,613	5,865
Identifiable Assets	208,651	207,730	225,362
Architectural Services | Operating Segments
Segment Reporting Information [Line Items]
Net sales	378,449	316,554	309,241
Operating Income (Loss)	68,046	28,610	1,785
Depreciation and Amortization	4,011	3,953	7,495
Capital Expenditures	3,166	3,683	3,449
Identifiable Assets	131,651	141,840	114,120
Large-Scale Optical | Operating Segments
Segment Reporting Information [Line Items]
Net sales	99,223	104,215	101,673
Operating Income (Loss)	24,233	25,348	23,618
Depreciation and Amortization	3,040	3,088	3,185
Capital Expenditures	16,896	13,474	2,250
Identifiable Assets	$ 83,731	$ 69,035	$ 56,926

Business Segment Data (Schedu_2

Business Segment Data (Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Feb. 26, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	$ 1,416,942	$ 1,440,696	$ 1,313,977
Long-Lived Assets	244,216	248,867	249,995
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	1,295,436	1,301,168	1,194,141
Long-Lived Assets	235,398	239,847	239,264
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	101,055	120,565	102,027
Long-Lived Assets	6,345	6,330	7,742
Brazil
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	20,451	18,963	17,809
Long-Lived Assets	$ 2,473	$ 2,690	$ 2,989

Restructuring (Narrative) (Deta

Restructuring (Narrative) (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Aug. 28, 2021 facility	Mar. 02, 2024 USD ($)	Feb. 25, 2023 USD ($)	Feb. 26, 2022 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring expense		$ 6,518	$ 116	$ 30,500
Gain on disposition		(826)	3,815	20,987
Proceeds from sale of property		4,100	29,100
Carrying value, property held for sale		3,400	9,400
Project Fortify
Restructuring Cost and Reserve [Line Items]
Restructuring expense		12,400
Project Fortify | Minimum
Restructuring Cost and Reserve [Line Items]
Expected restructuring cost		16,000
Project Fortify | Minimum | Termination benefits
Restructuring Cost and Reserve [Line Items]
Expected restructuring cost		7,000
Project Fortify | Minimum | Contract Termination
Restructuring Cost and Reserve [Line Items]
Expected restructuring cost		2,000
Project Fortify | Minimum | Other restructuring charges
Restructuring Cost and Reserve [Line Items]
Expected restructuring cost		6,000
Project Fortify | Maximum
Restructuring Cost and Reserve [Line Items]
Expected restructuring cost		18,000
Project Fortify | Maximum | Termination benefits
Restructuring Cost and Reserve [Line Items]
Expected restructuring cost		9,000
Project Fortify | Maximum | Contract Termination
Restructuring Cost and Reserve [Line Items]
Expected restructuring cost		3,000
Project Fortify | Maximum | Other restructuring charges
Restructuring Cost and Reserve [Line Items]
Expected restructuring cost		7,000
Architectural Glass
Restructuring Cost and Reserve [Line Items]
Number of facilities closed | facility	2
Restructuring expense		0	116
Buildings and improvements
Restructuring Cost and Reserve [Line Items]
Gain on disposition		600	$ 19,500
Cost of Sales
Restructuring Cost and Reserve [Line Items]
Restructuring expense				28,200
Cost of Sales | Project Fortify
Restructuring Cost and Reserve [Line Items]
Restructuring expense		5,500
Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Restructuring expense				$ 2,300
Selling, general and administrative expenses | Project Fortify
Restructuring Cost and Reserve [Line Items]
Restructuring expense		$ 6,900

Restructuring (Restructuring Co

Restructuring (Restructuring Costs) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Feb. 26, 2022
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	$ 12,403	$ 116	$ 30,512
Asset impairment on property, plant and equipment
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	6,229		21,497
Termination benefits
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	5,879	116	6,192
Other restructuring charges
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	295		2,823
Architectural Framing Systems
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	5,970	0	1,733
Architectural Framing Systems | Asset impairment on property, plant and equipment
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	2,329		54
Architectural Framing Systems | Termination benefits
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	3,348	0	1,435
Architectural Framing Systems | Other restructuring charges
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	293		244
Architectural Glass
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	0	116	27,096
Architectural Glass | Asset impairment on property, plant and equipment
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	0		21,443
Architectural Glass | Termination benefits
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	0	116	3,718
Architectural Glass | Other restructuring charges
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	0		1,935
Architectural Services
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	2,526	0	0
Architectural Services | Asset impairment on property, plant and equipment
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	49		0
Architectural Services | Termination benefits
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	2,475	0	0
Architectural Services | Other restructuring charges
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	2		0
Corporate and other
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	3,907	0	1,683
Corporate and other | Asset impairment on property, plant and equipment
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	3,851		0
Corporate and other | Termination benefits
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	56	$ 0	1,039
Corporate and other | Other restructuring charges
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	$ 0		$ 644

Restructuring (Reserve) (Detail

Restructuring (Reserve) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Feb. 26, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning balance	$ 4,937	$ 85	$ 1,405
Restructuring expense	6,518	116	30,500
Payments	(1,666)	(1,254)
Other adjustments		(182)
Restructuring Reserve, Ending Balance	4,937	85	1,405
Architectural Framing Systems
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning balance	2,814	62	440
Restructuring expense	3,985	0
Payments	(1,233)	(227)
Other adjustments		(151)
Restructuring Reserve, Ending Balance	2,814	62	440
Architectural Glass
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning balance	0	23	737
Restructuring expense	0	116
Payments	(23)	(813)
Other adjustments		(17)
Restructuring Reserve, Ending Balance	0	23	737
Architectural Services
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning balance	2,067	0	0
Restructuring expense	2,477	0
Payments	(410)	0
Other adjustments		0
Restructuring Reserve, Ending Balance	2,067	0	0
Corporate and other
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning balance	56	0	228
Restructuring expense	56	0
Payments	0	(214)
Other adjustments		(14)
Restructuring Reserve, Ending Balance	$ 56	$ 0	$ 228