Goodwill and Other Identifiable Intangible Assets

3 Months Ended

Jun. 02, 2012

Goodwill And Other Identifiable Intangible Assets [Abstract]

Goodwill And Other Identifiable Intangible Assets

8. Goodwill and Other Identifiable Intangible Assets

The carrying amount of goodwill attributable to each business segment as of the three months ended June 2, 2012 is detailed below.

(In thousands)	Architectural			Large-Scale Optical		Total
Balance at February 26, 2011	$	51,447		$	10,557	$	62,004
Foreign currency translation		(387	)		—		(387	)
Balance at March 3, 2012		51,060			10,557		61,617
Foreign currency translation		77			—		77
Balance at June 2, 2012	$	51,137		$	10,557	$	61,694

The Company’s identifiable intangible assets with finite lives are being amortized over their estimated useful lives and were as follows:

	June 2, 2012
(In thousands)	Gross Carrying Amount		Accumulated Amortization			Foreign Currency Translation			Net
Debt issue costs	$	3,117	$	(1,989	)	$	—		$	1,128
Non-compete agreements		6,809		(5,638	)		14			1,185
Customer relationships		15,627		(8,641	)		81			7,067
Purchased intellectual property		8,210		(1,880	)		57			6,387
Total	$	33,763	$	(18,148	)	$	152		$	15,767
	March 3, 2012
(In thousands)	Gross Carrying Amount		Accumulated Amortization			Foreign Currency Translation			Net
Debt issue costs	$	2,923	$	(1,897	)	$	—		$	1,026
Non-compete agreements		6,889		(5,488	)		(64	)		1,337
Customer relationships		16,069		(8,376	)		(396	)		7,297
Purchased intellectual property		8,517		(1,794	)		(291	)		6,432
Total	$	34,398	$	(17,555	)	$	(751	)	$	16,092

Amortization expense on these identifiable intangible assets was $0.7 million and $0.8 million for the three months ended June 2, 2012 and May 28, 2011, respectively. The amortization expense associated with the debt issue costs is included in interest expense while the remainder is in selling, general and administrative expenses in the consolidated results of operations. At June 2, 2012, the estimated future amortization expense for identifiable intangible assets for the remainder of fiscal 2013 and all of the following four fiscal years is as follows:

(In thousands)	Remainder of Fiscal 2013		Fiscal 2014		Fiscal 2015		Fiscal 2016		Fiscal 2017
Estimated amortization expense	$	2,010	$	1,979	$	1,485	$	1,154	$	985