Warranty Reserves

9 Months Ended

Nov. 30, 2020

Product Warranties Disclosures [Abstract]

Warranty Reserves

Warranty Reserves

A reserve has been established to provide for the estimated future cost of warranties on certain delivered products. The warranty accrual is included in "Other accrued liabilities" on the condensed consolidated balance sheets. Management monitors established reserves and adjusts warranty estimates based upon the progression of resolution activities with the Company's customers. Warranties typically cover non-conformance to specifications and defects in material and workmanship.

The following table shows the changes in the warranty reserves for the nine months ended November 30, 2020 (dollars in thousands):

Balance at February 29, 2020	$	3,702
Warranty costs incurred	(1,251)
Additions charged to income	1,073
Transferred to held for sale	(478)
Balance at November 30, 2020	$	3,046