Business Segment Data

12 Months Ended

Mar. 04, 2017

Segment Reporting [Abstract]

Business Segment Data

Business Segment Data

We have four reporting segments:

• The Architectural Glass segment fabricates coated, high-performance glass used globally in customized window and wall systems comprising the outside skin of commercial, institutional and high-end multi-family residential buildings.

• The Architectural Framing Systems segment designs, engineers, fabricates and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront and entrance systems comprising the outside skin and entrances of commercial, institutional and high-end multi-family residential buildings. We have aggregated five operating segments into this reporting segment based on their similar products, customers, distribution methods, production processes and economic characteristics.

• The Architectural Services segment provides full-service installation of the walls of glass, windows and other curtainwall products making up the outside skin of commercial and institutional buildings.

• The Large-Scale Optical Technologies (LSO) segment manufactures value-added glass and acrylic products for framing and display applications.

(In thousands)	2017			2016			2015
Net Sales
Architectural Glass	$	411,881		$	377,713		$	346,471
Architectural Framing Systems	385,978			308,593			298,395
Architectural Services	270,937			245,935			230,650
Large-Scale Optical	89,710			88,541			87,693
Intersegment elimination	(43,973		)	(39,593		)	(29,273		)
Total	$	1,114,533		$	981,189		$	933,936
Operating Income (Loss)
Architectural Glass	$	44,656		$	35,504		$	16,431
Architectural Framing Systems	44,768			31,911			21,808
Architectural Services	18,494			11,687			7,442
Large-Scale Optical	22,467			22,963			21,954
Corporate and other	(8,160		)	(4,672		)	(4,050		)
Total	$	122,225		$	97,393		$	63,585
Depreciation and Amortization
Architectural Glass	$	15,912		$	14,397		$	12,897
Architectural Framing Systems	12,404			8,019			8,001
Architectural Services	1,364			1,274			1,375
Large-Scale Optical	4,785			4,998			4,817
Corporate and other	1,142			2,560			2,333
Total	$	35,607		$	31,248		$	29,423
Capital Expenditures
Architectural Glass	$	44,439		$	17,701		$	12,307
Architectural Framing Systems	14,070			19,166			9,238
Architectural Services	1,981			929			595
Large-Scale Optical	1,510			1,962			3,500
Corporate and other	6,061			2,279			1,580
Total	$	68,061		$	42,037		$	27,220
Identifiable Assets
Architectural Glass	$	254,840		$	215,571		$	223,525
Architectural Framing Systems	359,633			193,823			190,106
Architectural Services	70,875			81,574			68,930
Large-Scale Optical	58,198			57,369			60,356
Corporate and other	41,112			109,103			69,140
Total	$	784,658		$	657,440		$	612,057

Due to the varying combinations and integration of individual window, storefront and curtainwall systems, the Company has determined that it is impractical to report product revenues generated by class of product beyond the segment revenues currently reported.

Segment operating income is equal to net sales less cost of sales and operating expenses. Operating income does not include interest expense or a provision for income taxes. Corporate and other includes miscellaneous corporate activity not allocable to our segments. Identifiable assets for Corporate and other include all short- and long-term available-for-sale securities.

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)	2017		2016		2015
Net Sales
United States	$	1,031,214	$	923,018	$	847,887
Canada	65,958		39,324		50,807
Brazil	17,361		18,847		35,242
Total	$	1,114,533	$	981,189	$	933,936
Long-Lived Assets
United States	$	227,145	$	189,624	$	178,048
Canada	13,303		7,162		8,214
Brazil	6,300		5,676		7,278
Total	$	246,748	$	202,462	$	193,540

Apogee's export net sales from U.S. operations of $76.2 million for fiscal 2017 were approximately 7 percent of consolidated net sales; export net sales of $79.5 million for fiscal 2016 were approximately 8 percent of consolidated net sales; and export sales of $72.7 million for fiscal 2015 were approximately 8 percent of consolidated net sales.