Debt	6 Months Ended
Aug. 31, 2012
Debt [Abstract]
Debt	9. Debt Revolving Credit Facility. Our $700 million unsecured revolving credit facility (the “credit facility”) expires in August 2016. The credit facility agreement contains representations and warranties, conditions and covenants. As of August 31, 2012, we were in compliance with the covenants. Borrowings under the credit facility are available for working capital and general corporate purposes. As of August 31, 2012, $1.1 million of short-term debt was outstanding under the credit facility and the remaining capacity was fully available to us. Finance and Capital Lease Obligations. Finance and capital lease obligations relate primarily to superstores subject to sale-leaseback transactions. The leases were structured at varying interest rates with initial lease terms ranging from 15 to 20 years with payments made monthly. Payments on the leases are recognized as interest expense and a reduction of the obligations. Obligations under finance and capital leases as of August 31, 2012, consisted of $15.3 million classified as current portion of finance and capital lease obligations and $345.6 million classified as finance and capital lease obligations, excluding current portion. We must meet financial covenants in conjunction with certain of the sale-leaseback transactions. As of August 31, 2012, we were in compliance with the covenants. We have not entered into any sale-leaseback transactions since fiscal 2009. Non-Recourse Notes Payable. The timing of principal payments on the non-recourse notes payable is based on principal collections, net of losses, on the securitized auto loan receivables. As of August 31, 2012, $5.08 billion of non-recourse notes payable was outstanding. The outstanding balance included $171.3 million classified as current portion of non-recourse notes payable, as this represents principal payments that have been collected, but will be distributed in the following period. The majority of the non-recourse notes payable accrue interest at fixed rates and have scheduled maturities through December 2018, but may mature earlier or later, depending upon the repayment rate of the underlying auto loan receivables. During the second quarter of fiscal 2013, we renewed our $800 million warehouse facility that was scheduled to expire in August 2012 for an additional 364-day term. As of August 31, 2012, the combined warehouse facility limit was $1.6 billion. As of that date, $1.07 billion of auto loan receivables was funded in the warehouse facilities and unused warehouse capacity totaled $534.0 million. Of the combined warehouse facility limit, $800 million will expire in February 2013 and $800 million will expire in August 2013. The return requirements of the warehouse facility investors could fluctuate significantly depending on market conditions. At renewal, the cost, structure and capacity of the facilities could change. These changes could have a significant effect on our funding costs. The securitization agreements related to the warehouse facilities include various financial covenants and performance triggers. As of August 31, 2012, we were in compliance with the financial covenants and the securitized receivables were in compliance with the performance triggers. If these financial covenants and/or thresholds are not met, we could be unable to continue to securitize receivables through the warehouse facilities. In addition, the warehouse facility investors could charge us a higher rate of interest and could have us replaced as servicer. Further, we could be required to deposit collections on the securitized receivables with the warehouse facility agents on a daily basis and deliver executed lockbox agreements to the warehouse facility agents. See Notes 2 and 4 for additional information on the related securitized auto loan receivables.

9. Debt

Revolving Credit Facility. Our $700 million unsecured revolving credit facility (the “credit facility”) expires in August 2016. The credit facility agreement contains representations and warranties, conditions and covenants. As of August 31, 2012, we were in compliance with the covenants. Borrowings under the credit facility are available for working capital and general corporate purposes. As of August 31, 2012, $1.1 million of short-term debt was outstanding under the credit facility and the remaining capacity was fully available to us.

Finance and Capital Lease Obligations. Finance and capital lease obligations relate primarily to superstores subject to sale-leaseback transactions. The leases were structured at varying interest rates with initial lease terms ranging from 15 to 20 years with payments made monthly. Payments on the leases are recognized as interest expense and a reduction of the obligations. Obligations under finance and capital leases as of August 31, 2012, consisted of $15.3 million classified as current portion of finance and capital lease obligations and $345.6 million classified as finance and capital lease obligations, excluding current portion.

We must meet financial covenants in conjunction with certain of the sale-leaseback transactions. As of August 31, 2012, we were in compliance with the covenants. We have not entered into any sale-leaseback transactions since fiscal 2009.

Non-Recourse Notes Payable. The timing of principal payments on the non-recourse notes payable is based on principal collections, net of losses, on the securitized auto loan receivables. As of August 31, 2012, $5.08 billion of non-recourse notes payable was outstanding. The outstanding balance included $171.3 million classified as current portion of non-recourse notes payable, as this represents principal payments that have been collected, but will be distributed in the following period. The majority of the non-recourse notes payable accrue interest at fixed rates and have scheduled maturities through December 2018, but may mature earlier or later, depending upon the repayment rate of the underlying auto loan receivables.

During the second quarter of fiscal 2013, we renewed our $800 million warehouse facility that was scheduled to expire in August 2012 for an additional 364-day term. As of August 31, 2012, the combined warehouse facility limit was $1.6 billion. As of that date, $1.07 billion of auto loan receivables was funded in the warehouse facilities and unused warehouse capacity totaled $534.0 million. Of the combined warehouse facility limit, $800 million will expire in February 2013 and $800 million will expire in August 2013. The return requirements of the warehouse facility investors could fluctuate significantly depending on market conditions. At renewal, the cost, structure and capacity of the facilities could change. These changes could have a significant effect on our funding costs.

The securitization agreements related to the warehouse facilities include various financial covenants and performance triggers. As of August 31, 2012, we were in compliance with the financial covenants and the securitized receivables were in compliance with the performance triggers. If these financial covenants and/or thresholds are not met, we could be unable to continue to securitize receivables through the warehouse facilities. In addition, the warehouse facility investors could charge us a higher rate of interest and could have us replaced as servicer. Further, we could be required to deposit collections on the securitized receivables with the warehouse facility agents on a daily basis and deliver executed lockbox agreements to the warehouse facility agents.

See Notes 2 and 4 for additional information on the related securitized auto loan receivables.