XML 40 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Earnings (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Aug. 31, 2012
Aug. 31, 2011
Aug. 31, 2012
Aug. 31, 2011
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES $ 2,758,004 $ 2,587,819 [1] $ 5,532,424 $ 5,267,236 [1]
Cost of sales 2,390,011 2,233,544 [1] 4,782,516 4,529,866 [1]
GROSS PROFIT 367,993 354,275 [1] 749,908 737,370 [1]
CARMAX AUTO FINANCE INCOME 75,676 63,826 [1] 150,855 133,487 [1]
Selling, general and administrative expenses 254,674 229,887 [1] 508,277 471,542 [1]
Interest expense 8,152 8,464 [1] 16,295 17,004 [1]
Other income 259 110 [1] 544 213 [1]
Earnings before income taxes 181,102 179,860 [1] 376,735 382,524 [1]
Income tax provision 69,466 68,706 [1] 144,353 145,870 [1]
NET EARNINGS 111,636 111,154 [1],[2] 232,382 236,654 [1],[2]
WEIGHTED AVERAGE COMMON SHARES:        
Basic 228,366 226,300 [1],[2] 228,069 225,935 [1],[2]
Diluted 231,696 230,681 [1],[2] 231,749 230,479 [1],[2]
NET EARNINGS PER SHARE:        
Basic $ 0.49 $ 0.49 [1],[2] $ 1.02 $ 1.05 [1],[2]
Diluted $ 0.48 $ 0.48 [1],[2] $ 1.00 $ 1.03 [1],[2]
Used Vehicle Sales [Member]
       
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES 2,191,964 2,014,983 [1] 4,380,871 4,086,523 [1]
Percentage of Sales        
Item as a percent of net sales and operating revenues 79.50% [3] 77.90% [3] 79.20% [3] 77.60% [3]
New Vehicle Sales [Member]
       
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES 61,393 46,853 [1] 116,850 108,739 [1]
Percentage of Sales        
Item as a percent of net sales and operating revenues 2.20% [3] 1.80% [3] 2.10% [3] 2.10% [3]
Wholesale Vehicle Sales [Member]
       
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES 437,050 457,870 [1] 904,845 935,664 [1]
Percentage of Sales        
Item as a percent of net sales and operating revenues 15.80% [3] 17.70% [3] 16.40% [3] 17.80% [3]
Other Sales And Revenues [Member]
       
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES $ 67,597 $ 68,113 [1] $ 129,858 $ 136,310 [1]
Percentage of Sales        
Item as a percent of net sales and operating revenues 2.50% [3] 2.60% [3] 2.30% [3] 2.60% [3]
Net Sales And Operating Revenues [Member]
       
Percentage of Sales        
Item as a percent of net sales and operating revenues 100.00% [3] 100.00% [3] 100.00% [3] 100.00% [3]
Cost Of Sales [Member]
       
Percentage of Sales        
Item as a percent of net sales and operating revenues 86.70% [3] 86.30% [3] 86.40% [3] 86.00% [3]
Gross Profit [Member]
       
Percentage of Sales        
Item as a percent of net sales and operating revenues 13.30% [3] 13.70% [3] 13.60% [3] 14.00% [3]
Net Income From Financing [Member]
       
Percentage of Sales        
Item as a percent of net sales and operating revenues 2.70% [3] 2.50% [3] 2.70% [3] 2.50% [3]
Selling, General And Administrative Expenses [Member]
       
Percentage of Sales        
Item as a percent of net sales and operating revenues 9.20% [3] 8.90% [3] 9.20% [3] 9.00% [3]
Interest Expense [Member]
       
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.30% [3] 0.30% [3] 0.30% [3] 0.30% [3]
Other Income (Expense) [Member]
       
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.00% [3] 0.00% [3] 0.00% [3] 0.00% [3]
Earnings Before Income Taxes [Member]
       
Percentage of Sales        
Item as a percent of net sales and operating revenues 6.60% [3] 7.00% [3] 6.80% [3] 7.30% [3]
Income Tax Provision [Member]
       
Percentage of Sales        
Item as a percent of net sales and operating revenues 2.50% [3] 2.70% [3] 2.60% [3] 2.80% [3]
Net Earnings [Member]
       
Percentage of Sales        
Item as a percent of net sales and operating revenues 4.00% [3] 4.30% [3] 4.20% [3] 4.50% [3]
[1] As discussed in Note 2, fiscal 2012 reflects the revisions to correct our accounting for sale-leaseback transactions.
[2] (1) As discussed in Note 2, fiscal 2012 reflects the revisions to correct our accounting for sale-leaseback transactions.
[3] Percents are calculated as a percentage of net sales and operating revenues and may not equal totals due to rounding.