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Sales | 3 Months Ended
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May 31, 2021
Revenues [Abstract] |
Sales | Sales Disaggregated Sales The following table presents disaggregated sales by customer industry (in thousands):
|  | Three Months Ended May 31, |  |
|  | 2021 |  | 2020 |  |  |  |
Sales: |  |  |  |  |  |  |  |
Industrial |  | $ | 153,983 |  |  | $ | 130,109 |  |  |  |  |
Transmission and distribution |  | 43,667 |  |  | 49,057 |  |  |  |  |
Power generation |  | 32,176 |  |  | 34,127 |  |  |  |  |
Total sales |  | $ | 229,826 |  |  | $ | 213,293 |  |  |  |  |
See Note 4 for sales information by segment. Contract Liabilities The following table shows the changes in contract liabilities for the three months ended May 31, 2021 and 2020, respectively (in thousands):
|  | 2021 |  | 2020
Balance at February 28/29, |  | $ | 16,138 |  |  | $ | 18,418 |
Contract liabilities added during the period |  | 12,375 |  |  | 4,796 |
Sales recognized during the period |  | (11,415) |  |  | (5,849) |
Balance at May 31, |  | $ | 17,098 |  |  | $ | 17,365 |
The Company did not record any sales for the three months ended May 31, 2021 or 2020 related to performance obligations satisfied in prior periods. The increases or decreases in accounts receivable, contract assets, and contract liabilities during the three months ended May 31, 2021 and 2020 were due primarily to normal timing differences between the Company’s performance and customer payments in fiscal 2021. The Company expects to recognize sales, related to the $17.1 million balance of contract liabilities as of May 31, 2021 of approximately $12.1 million, $4.7 million, $0.2 million and $0.1 million in fiscal 2022, 2023, 2024 and 2025, respectively.

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