Discontinued Operations

12 Months Ended

Mar. 02, 2013

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

In several transactions in fiscal years 1998 through 2000, the Company completed the sale of its large-scale domestic curtainwall business, the sale of the Company’s detention/security business and its exit from international curtainwall operations. The remaining estimated cash expenditures related to discontinued operations are recorded as liabilities of discontinued operations and cover warranty issues relating to domestic and international construction projects that the Company expects will be resolved over the next five years.

During fiscal 2013, reductions in reserves related to expiration of warranty periods resulted in non-cash, pre-tax income from discontinued operations of $0.5 million. In the fourth quarter of fiscal 2011, the settlement of an outstanding legal claim related to a foreign discontinued operation resulted in a $1.6 million increase in reserves and a pre-tax loss from discontinued operations. In the second quarter of fiscal 2011, the favorable resolution of an outstanding tax exposure related to a foreign operation discontinued in 1998 resulted in the release of $4.9 million of uncertain tax positions and non-cash income from discontinued operations. The settlements of these two items represent the last significant remaining items with respect to our international curtainwall business.

(In thousands)	2013		2012			2011
Condensed Statement of Operations from Discontinued Businesses
Net sales	—		—			—
Loss before income taxes (prior to gain on disposal)	—		—			—
Income tax benefit	—		—			—
Loss from operations, net of income taxes	—		—			—
Gain (loss) on disposal, net of income taxes	333		(52		)	3,825
Net earnings (loss)	$	333	$	(52	)	$	3,825

(In thousands)	March 2, 2013		March 3, 2012
Summary Balance Sheets of Discontinued Businesses
Accounts payable and accrued liabilities	$	177	$	799
Long-term liabilities	482		520