Comprehensive Income

9 Months Ended

Nov. 30, 2013

Comprehensive Income [Abstract]

Comprehensive Income

12.Accumulated Other Comprehensive Loss

Changes in Accumulated Other Comprehensive Loss by Component

					Total
	Net				Accumulated
	Unrecognized		Net		Other
	Actuarial		Unrecognized		Comprehensive
(In thousands, net of income taxes)	Losses		Hedge Losses		Loss
Balance as of February 28, 2013	$	(49,479)	$	(10,329)	$	(59,808)
Other comprehensive loss before reclassifications		(287)		(2,467)		(2,754)
Amounts reclassified from accumulated other comprehensive loss		788		4,647		5,435
Other comprehensive income		501		2,180		2,681
Balance as of November 30, 2013	$	(48,978)	$	(8,149)	$	(57,127)

Changes In and Reclassifications Out of Accumulated Other Comprehensive Loss

		Three Months Ended November 30				Nine Months Ended November 30
(In thousands)		2013		2012		2013		2012
Retirement Benefit Plans (Note 8):
Actuarial loss arising during the year	$	(458)	$	-	$	(458)	$	-
Tax benefit		171		-		171		-
Actuarial loss arising during the year, net of tax		(287)		-		(287)		-
Actuarial loss amortization reclassifications recognized
in net pension expense:
Cost of sales		166	$	119		500		356
CarMax Auto Finance income		9		7		28		22
Selling, general and administrative expenses		243		174		727		522
Total amortization reclassifications recognized
in net pension expense		418		300		1,255		900
Tax expense		(156)		(112)		(467)		(263)
Amortization reclassifications recognized in net
pension expense, net of tax		262		188		788		637
Net change in retirement benefit plan unrecognized
actuarial losses, net of tax		(25)		188		501		637
Cash Flow Hedges (Note 5):
Effective portion of changes in fair value		(7,421)		(894)		(4,069)		(7,286)
Tax benefit (1)		2,922		351		1,602		11,377
Effective portion of changes in fair value, net of tax		(4,499)		(543)		(2,467)		4,091
Reclassifications to CarMax Auto Finance income		2,155		3,327		7,665		9,855
Tax expense		(849)		(1,306)		(3,018)		(3,869)
Reclassification of hedge losses, net of tax		1,306		2,021		4,647		5,986
Net change in cash flow hedge unrecognized losses,
net of tax		(3,193)		1,478		2,180		10,077
Total other comprehensive (loss) income, net of tax	$	(3,218)	$	1,666	$	2,681	$	10,714

(1)As disclosed in our third quarter filing on Form 10-Q for fiscal 2013, the nine months ended November 30,2012, included a tax benefit adjustment of $8,518 related to prior years.

Changes in the funded status of our retirement plans and the effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges are recognized in accumulated other comprehensive loss.  The cumulative balances are net of deferred taxes of $34.2million as of November 30, 2013, and $35.9 million as of February 28, 2013.