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Sales
 3 Months Ended
May 31, 2022
Revenues [Abstract]  
Sales Sales
Disaggregated Sales
The following table presents disaggregated sales by customer industry (in thousands):
 Three Months Ended May 31,
 20222021
Sales:
Industrial (General industry, Oil & Gas and Construction)$207,502 $153,983 
Transmission and distribution72,312 43,667 
Power generation34,584 32,176 
Total sales$314,398 $229,826 
See Note 5 for sales information by segment.
Contract Liabilities
The timing of sales recognition, billings and cash collections results in accounts receivable, contract assets (unbilled receivables), and contract liabilities (customer advances and deposits) on the consolidated balance sheets, primarily related to the Infrastructure Solutions and Precoat Metals segments. Amounts are billed as work progresses, in accordance with agreed upon contractual terms, either at periodic intervals (e.g., weekly or monthly) or upon the achievement of contractual milestones. Billing can occur subsequent to sales recognition, resulting in contract assets. In addition, the Company sometimes receives advances or deposits from customers, before sales are recognized, resulting in contract liabilities. These assets and liabilities are reported on the consolidated balance sheets on a contract-by-contract basis at the end of each reporting period.
The following table shows the changes in contract liabilities for the three months ended May 31, 2022 and 2021, respectively (in thousands):
20222021
Balance at February 28, $42,465 $16,138 
Contract liabilities added during the period36,674 12,375 
Sales recognized during the period(39,457)(11,415)
Balance at May 31,$39,682 $17,098 

The Company did not record any sales for the three months ended May 31, 2022 or 2021 related to performance obligations satisfied in prior periods. The Company expects to recognize sales, related to the $39.7 million balance of contract liabilities as of May 31, 2022 of approximately $32.1 million, $7.4 million, $0.1 million and $0.1 million in fiscal 2023, 2024, 2025 and 2026, respectively.