Acquisitions Acquisition (Tables)

12 Months Ended

Mar. 03, 2018

Schedule of Recognized Identified Assets Acquired



(In thousands)
Net working capital	$	7,689
Property, plant and equipment	44,641
Goodwill	84,162
Other intangible assets	71,500
Less: Long-term liabilities acquired, net	17,643
Net assets acquired	$	190,349

Purchase accounting related to this acquisition was completed during the first quarter of fiscal 2018. Final purchase price allocation was as follows:



(In thousands)
Net working capital	$	10,682
Property, plant and equipment	7,993
Goodwill	21,380
Other intangible assets	94,630
Net assets acquired	$	134,685

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

Other intangible assets reflect the following:



(In thousands)	Estimated fair value		Estimated useful life (in years)
Customer relationships	$	34,800	16
Tradename	32,400		Indefinite
Backlog	4,300		1.5
	$	71,500

Business Acquisition, Pro Forma Information

The following table provides certain unaudited pro forma consolidated information for the combined company for the fourth quarters and fiscal years 2018 and 2017, as if the EFCO and Sotawall acquisitions were consummated pursuant to each of their respective same terms at the beginning of the fiscal year preceding their respective acquisition dates.



	Three Months Ended				Twelve Months Ended
(In thousands, except per share data)	March 3, 2018		March 4, 2017		March 3, 2018		March 4, 2017
Net sales	$	353,453	$	390,669	$	1,398,733	$	1,474,021
Net earnings	23,157		26,624		81,653		98,795
Earnings per share
Basic	0.82		0.93		2.86		3.44
Diluted	0.81		0.92		2.83		3.43