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Sales | 9 Months Ended
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Nov. 30, 2020
Revenues [Abstract] |
Sales | Sales Disaggregated Sales The following table presents disaggregated sales by customer industry (in thousands):
|  | Three Months Ended November 30, |  | Nine Months Ended November 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Sales: |  |  |  |  |  |  |  |
Industrial |  | $ | 138,240 |  |  | $ | 195,063 |  |  | $ | 335,462 |  |  | $ | 499,215 |
Transmission and distribution |  | 56,656 |  |  | 55,316 |  |  | 203,332 |  |  | 184,283 |
Power generation |  | 31,727 |  |  | 40,760 |  |  | 104,493 |  |  | 132,954 |
Total sales |  | $ | 226,623 |  |  | $ | 291,139 |  |  | $ | 643,287 |  |  | $ | 816,452 |
See Note 4 for sales information by segment. Contract Liabilities The following table shows the changes in contract liabilities for the nine months ended November 30, 2020 and 2019, respectively (in thousands):
|  | 2020 |  | 2019
Balance at February 29, |  | $ | 18,418 |  |  | $ | 56,928 |
Contract liabilities added during the period |  | 5,017 |  |  | 22,237 |
Sales recognized during the period |  | (11,914) |  |  | (52,298) |
Balance at November 30, |  | $ | 11,521 |  |  | $ | 26,867 |
The Company did not record any sales for the nine months ended November 30, 2020 or 2019 related to performance obligations satisfied in prior periods. The increases or decreases in accounts receivable, contract assets, and contract liabilities during the nine months ended November 30, 2020 and 2019 were due primarily to normal timing differences between the Company’s performance and customer payments, divestitures, and, to a lesser extent, customer inspection delays and effects of COVID-19 on the Company's customers. The Company expects to recognize sales, related to the $11.5 million balance of contract liabilities as of November 30, 2020 of approximately $2.2 million, $7.0 million and $2.3 million in fiscal 2021, 2022 and 2023, respectively.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
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