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Accumulated Other Comprehensive Loss (Tables)
12 Months Ended
Feb. 28, 2014
Accumulated Other Comprehensive Loss [Abstract]  
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, 2011

 

$

(17,528)

 

 

$

(7,529)

 

 

$

(25,057)

 

Other comprehensive loss before reclassifications

 

 

(22,591)

 

 

 

(22,723)

 

 

 

(45,314)

 

Amounts reclassified from accumulated other

 

 

 

 

 

 

 

 

 

 

 

 

   comprehensive loss

 

 

345 

 

 

 

7,567 

 

 

 

7,912 

 

Other comprehensive loss

 

 

(22,246)

 

 

 

(15,156)

 

 

 

(37,402)

 

Balance as of February 29, 2012

 

 

(39,774)

 

 

 

(22,685)

 

 

 

(62,459)

 

Other comprehensive (loss) income before reclassifications

 

 

(10,456)

 

 

 

4,485 

 

 

 

(5,971)

 

Amounts reclassified from accumulated other

 

 

 

 

 

 

 

 

 

 

 

 

   comprehensive loss

 

 

751 

 

 

 

7,871 

 

 

 

8,622 

 

Other comprehensive (loss) income

 

 

(9,705)

 

 

 

12,356 

 

 

 

2,651 

 

Balance as of February 28, 2013

 

 

(49,479)

 

 

 

(10,329)

 

 

 

(59,808)

 

Other comprehensive income (loss) before reclassifications

 

 

9,713 

 

 

 

(3,216)

 

 

 

6,497 

 

Amounts reclassified from accumulated other

 

 

 

 

 

 

 

 

 

 

 

 

   comprehensive loss

 

 

1,051 

 

 

 

5,989 

 

 

 

7,040 

 

Other comprehensive income

 

 

10,764 

 

 

 

2,773 

 

 

 

13,537 

 

Balance as of February 28, 2014

 

$

(38,715)

 

 

$

(7,556)

 

 

$

(46,271)

 

 

Changes In And Reclassifications Out Of Accumulated Other Comprehensive Loss

 

 

 

 

 

 

 

 

 

Years Ended February 28 or 29

(In thousands)

 

2014

 

2013

 

2012

 

 

 

 

 

 

 

Retirement Benefit Plans (Note 10):

 

 

 

 

 

 

Actuarial gain (loss) arising during the year

$

15,465 

$

(16,694)

$

(35,786)

Tax (expense) benefit

 

(5,752)

 

6,238 

 

13,195 

Actuarial gain (loss) arising during the year,

 

 

 

 

 

 

     net of tax

 

9,713 

 

(10,456)

 

(22,591)

Actuarial loss amortization reclassifications

 

 

 

 

 

 

in net pension expense:

 

 

 

 

 

 

Cost of sales

 

669 

 

483 

 

182 

CarMax Auto Finance income

 

38 

 

28 

 

12 

Selling, general and administrative expenses

 

967 

 

689 

 

267 

Total amortization reclassifications recognized

 

 

 

 

 

 

in net pension expense

 

1,674 

 

1,200 

 

461 

Tax expense

 

(623)

 

(449)

 

(116)

Amortization reclassifications recognized in net

 

 

 

 

 

 

pension expense, net of tax

 

1,051 

 

751 

 

345 

Net change in retirement benefit plan unrecognized

 

 

 

 

 

 

actuarial losses, net of tax

 

10,764 

 

(9,705)

 

(22,246)

 

 

 

 

 

 

 

Cash Flow Hedges (Note 5):

 

 

 

 

 

 

Effective portion of changes in fair value

 

(5,286)

 

(6,691)

 

(22,968)

Tax benefit (1)

 

2,070 

 

11,176 

 

245 

Effective portion of changes in fair value, net of tax

 

(3,216)

 

4,485 

 

(22,723)

Reclassifications to CarMax Auto Finance income

 

9,872 

 

12,981 

 

7,567 

Tax expense

 

(3,883)

 

(5,110)

 

 -

Reclassification of hedge losses, net of tax

 

5,989 

 

7,871 

 

7,567 

Net change in cash flow hedge unrecognized losses,

 

 

 

 

 

 

net of tax

 

2,773 

 

12,356 

 

(15,156)

Total other comprehensive income (loss), net of tax

$

13,537 

$

2,651 

$

(37,402)