Business Segment Data

12 Months Ended

Mar. 03, 2018

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 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 six operating segments into this reporting segment based on their similar products, customers, distribution methods, production processes and economic characteristics.

• 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 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)	2018			2017			2016
Net Sales
Architectural Framing Systems	$	677,198		$	385,978		$	308,593
Architectural Glass	384,137			411,881			377,713
Architectural Services	213,757			270,937			245,935
Large-Scale Optical	88,303			89,710			88,541
Intersegment elimination	(37,222		)	(43,973		)	(39,593		)
Total	$	1,326,173		$	1,114,533		$	981,189
Operating Income (Loss)
Architectural Framing Systems	$	59,031		$	44,768		$	31,911
Architectural Glass	32,764			44,656			35,504
Architectural Services	10,420			18,494			11,687
Large-Scale Optical	22,000			22,467			22,963
Corporate and other	(9,931		)	(8,160		)	(4,672		)
Total	$	114,284		$	122,225		$	97,393
Depreciation and Amortization
Architectural Framing Systems	$	31,764		$	12,404		$	8,019
Architectural Glass	14,525			15,912			14,397
Architectural Services	1,325			1,364			1,274
Large-Scale Optical	4,556			4,785			4,998
Corporate and other	2,673			1,142			2,560
Total	$	54,843		$	35,607		$	31,248
Capital Expenditures
Architectural Framing Systems	$	15,273		$	14,070		$	19,166
Architectural Glass	26,228			44,439			17,701
Architectural Services	2,510			1,981			929
Large-Scale Optical	3,307			1,510			1,962
Corporate and other	5,878			6,061			2,279
Total	$	53,196		$	68,061		$	42,037
Identifiable Assets
Architectural Framing Systems	$	618,455		$	359,633		$	193,823
Architectural Glass	250,407			254,840			215,571
Architectural Services	53,424			70,875			81,574
Large-Scale Optical	58,523			58,198			57,369
Corporate and other	41,511			41,112			109,103
Total	$	1,022,320		$	784,658		$	657,440

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)	2018		2017		2016
Net Sales
United States	$	1,187,922	$	1,031,214	$	923,018
Canada	122,981		65,958		39,324
Brazil	15,270		17,361		18,847
Total	$	1,326,173	$	1,114,533	$	981,189
Long-Lived Assets
United States	$	283,432	$	227,145	$	189,624
Canada	13,384		13,303		7,162
Brazil	7,247		6,300		5,676
Total	$	304,063	$	246,748	$	202,462

Apogee's export net sales from U.S. operations of $49.1 million for fiscal 2018 were approximately 4 percent of consolidated net sales; export net sales of $76.2 million for fiscal 2017 were approximately 7 percent of consolidated net sales; and export sales of $79.5 million for fiscal 2016 were approximately 8 percent of consolidated net sales.