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2310301 - Disclosure - Employee Benefit Plans (Tables)
(http://www.apog.com/role/EmployeeBenefitPlansTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0000006845 (http://www.sec.gov/CIK)
Compensation and Retirement Disclosure [Abstract]Period [Axis]
2015-03-01 - 2016-02-27
Compensation and Retirement Disclosure [Abstract]
 
Schedule of Defined Benefit Plans Disclosures
The following tables present reconciliations of the benefit obligation of the defined-benefit pension plans and the funded status of the defined-benefit pension plans. The Tubelite plan uses a measurement date as of the calendar month-end closest to our fiscal year-end, while the SERP uses a measurement date aligned with our fiscal year-end.
(In thousands)
2016
 
2015
Change in projected benefit obligation
 
 
 
Benefit obligation beginning of period
$
16,253

 
$
14,274

Interest cost
566

 
550

Actuarial (gain) loss
(907
)
 
2,424

Benefits paid
(1,012
)
 
(995
)
Benefit obligation at measurement date
$
14,900

 
$
16,253

Change in plan assets
 
 
 
Fair value of plan assets beginning of period
$
4,419

 
$
4,430

Actual return on plan assets
(62
)
 
134

Company contributions
916

 
850

Benefits paid
(1,012
)
 
(995
)
Fair value of plan assets at measurement date
$
4,261

 
$
4,419

Underfunded status
$
(10,639
)
 
$
(11,834
)
  
Schedule of Amounts Recognized in Balance Sheet
The underfunded status of our plans is recognized in the consolidated balance sheets as:
(In thousands)
2016
 
2015
Current liabilities
$
(647
)
 
$
(648
)
Other non-current liabilities
(9,992
)
 
(11,186
)
Total
$
(10,639
)
 
$
(11,834
)
  
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized as Components of Net Periodic Benefit Cost
The following is included in accumulated other comprehensive loss and has not yet been recognized as a component of net periodic benefit cost:
(In thousands)
2016
 
2015
Net actuarial loss
$
5,899

 
$
6,857

Accumulated other comprehensive loss
$
5,899

 
$
6,857

  
Schedule of Amounts Recognized in Comprehensive Earnings
The amount recognized in comprehensive earnings, net of tax expense, is as follows:
(In thousands)
2016
 
2015
Net actuarial (gain) loss
$
(610
)
 
$
1,458

Total
$
(610
)
 
$
1,458

  
Schedule of Net Benefit Costs
Components of the defined-benefit pension plans' net periodic benefit cost are as follows:
(In thousands)
 
2016
 
2015
 
2014
Interest cost
 
$
566

 
$
550

 
$
538

Expected return on assets
 
(137
)
 
(171
)
 
(183
)
Amortization of unrecognized net loss
 
249

 
172

 
163

Net periodic benefit cost
 
$
678

 
$
551

 
$
518

  
Schedule of Assumptions Used
Benefit Obligation Weighted-Average Assumptions
2016
 
2015
 
2014
Discount rate
3.85
%
 
3.60
%
 
4.00
%
Net Periodic Benefit Expense Weighted-Average Assumptions
2016
 
2015
 
2014
Discount rate
3.60
%
 
4.00
%
 
3.75
%
Expected long-term rate of return on assets
2.00
%
 
4.50
%
 
4.50
%
  
Schedule of Expected Benefit Payments
The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid by the plans:
(In thousands)
 
Fiscal 2017
$
1,017

Fiscal 2018
1,004

Fiscal 2019
1,031

Fiscal 2020
1,016

Fiscal 2021
1,001

Fiscal 2022-2026
4,676