XML 63 R34.htm IDEA: XBRL DOCUMENT v2.4.0.6
CarMax Auto Finance Income (Components Of CarMax Auto Finance Income) (Details) (USD $)
3 Months Ended 6 Months Ended
Aug. 31, 2012
Aug. 31, 2011
Aug. 31, 2012
Aug. 31, 2011
Auto Finance Income [Line Items]        
Interest and fee income $ 123,500,000 $ 111,800,000 $ 243,800,000 $ 219,700,000
Interest expense (23,900,000) (26,200,000) (49,000,000) (54,700,000)
Total interest margin 99,600,000 85,600,000 194,800,000 165,000,000
Provision for loan losses (12,900,000) (10,800,000) (22,100,000) (9,800,000)
Total interest margin after provision for loan losses 86,700,000 74,800,000 172,700,000 155,200,000
Other (loss) income (200,000) 400,000 (200,000) 1,100,000
Payroll and fringe benefit expense (5,400,000) (5,100,000) (10,700,000) (10,400,000)
Other direct expenses (5,400,000) (6,300,000) (10,900,000) (12,400,000)
Total direct expenses (10,800,000) (11,400,000) (21,600,000) (22,800,000)
CarMax Auto Finance income 75,676,000 63,826,000 [1] 150,855,000 133,487,000 [1]
Total average managed receivables $ 5,245,400,000 $ 4,596,600,000 $ 5,160,300,000 $ 4,492,200,000
Interest And Fee Income [Member]
       
Auto Finance Income [Line Items]        
Item as percent of total average managed receivables 9.40% [2] 9.70% [2] 9.40% [2] 9.80% [2]
Interest Expense [Member]
       
Auto Finance Income [Line Items]        
Item as percent of total average managed receivables (1.80%) [2] (2.30%) [2] (1.90%) [2] (2.40%) [2]
Total Interest Margin [Member]
       
Auto Finance Income [Line Items]        
Item as percent of total average managed receivables 7.60% [2] 7.50% [2] 7.50% [2] 7.30% [2]
Provision For Loan Losses [Member]
       
Auto Finance Income [Line Items]        
Item as percent of total average managed receivables (1.00%) [2] (0.90%) [2] (0.90%) [2] (0.40%) [2]
Total Interest Margin After Provision For Loan Losses [Member]
       
Auto Finance Income [Line Items]        
Item as percent of total average managed receivables 6.60% [2] 6.50% [2] 6.70% [2] 6.90% [2]
Other (Loss) Income [Member]
       
Auto Finance Income [Line Items]        
Item as percent of total average managed receivables 0.00% [2] 0.00% [2] 0.00% [2] 0.00% [2]
Payroll And Fringe Benefit Expense [Member]
       
Auto Finance Income [Line Items]        
Item as percent of total average managed receivables (0.40%) [2] (0.40%) [2] (0.40%) [2] (0.50%) [2]
Other Direct Expenses [Member]
       
Auto Finance Income [Line Items]        
Item as percent of total average managed receivables (0.40%) [2] (0.50%) [2] (0.40%) [2] (0.60%) [2]
Total Direct Expenses [Member]
       
Auto Finance Income [Line Items]        
Item as percent of total average managed receivables (0.80%) [2] (1.00%) [2] (0.80%) [2] (1.00%) [2]
CarMax Auto Finance Income [Member]
       
Auto Finance Income [Line Items]        
Item as percent of total average managed receivables 5.80% [2] 5.60% [2] 5.80% [2] 5.90% [2]
[1] As discussed in Note 2, fiscal 2012 reflects the revisions to correct our accounting for sale-leaseback transactions.
[2] Annualized percent of total average managed receivables.