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Stock and Stock-Based Incentive Plans Stock and Stock-Based Incentive Plans (Tables)
 9 Months Ended
Nov. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Composition of Share-Based Compensation Expense
Composition of Share-Based Compensation Expense
 
Three Months Ended
 
Nine Months Ended
 
November 30
 
November 30
(In thousands)
2017
 
2016
 
2017
 
2016
Cost of sales
$
963

 
$
584

 
$
2,266

 
$
2,998

CarMax Auto Finance income
895

 
663

 
2,563

 
2,314

Selling, general and administrative expenses
14,255

 
10,522

 
48,664

 
67,784

Share-based compensation expense, before income taxes
$
16,113

 
$
11,769

 
$
53,493

 
$
73,096
Composition Of Share-Based Compensation Expense - By Grant Type
Composition of Share-Based Compensation Expense – By Grant Type
 
Three Months Ended
 
Nine Months Ended
 
November 30
 
November 30
(In thousands)
2017
 
2016
 
2017
 
2016
Nonqualified stock options
$
5,125

 
$
4,756

 
$
21,411

 
$
32,977

Cash-settled restricted stock units (RSUs)
8,450

 
4,490

 
21,353

 
25,951

Stock-settled market stock units (MSUs)
2,135

 
2,463

 
8,299

 
9,811

Stock-settled performance stock units (PSUs)
59

 
(488
)
 
549

 
1,844

Employee stock purchase plan
335

 
305

 
1,130

 
1,070

Restricted stock awards (RSAs)
9

 
243

 
751

 
1,443

Share-based compensation expense, before income taxes
$
16,113

 
$
11,769

 
$
53,493

 
$
73,096
Schedule of Stock Incentive Plan Information
Share/Unit Activity
 
Nine Months Ended November 30, 2017
 
Equity Classified
 
Liability Classified
(Shares/units in thousands)
Options
MSUs
PSUs
RSAs
 
RSUs
Outstanding as of February 28, 2017
7,753

504

149

50

 
1,406

Granted
1,951

162

74

29

 
628

Exercised or vested and converted
(1,690
)
(228
)
—

(30
)
 
(466
)
Cancelled
(33
)
(7
)
—

—

 
(82
)
Outstanding as of November 30, 2017
7,981

431

223

49

 
1,486

 
 
 
 
 
 
 
Weighted average grant date fair value per share/unit:
 
 
 
 
 
 
 
 
 
 
 
 
 
Granted
$
16.15

$
74.04

$
58.38

$
62.35

 
$
58.39

Ending outstanding
$
15.67

$
74.03

$
60.10

$
58.18

 
$
59.35

 
 
 
 
 
 
 
 
As of November 30, 2017
 
 
Unrecognized compensation (in millions)
$
41.3

$
13.0

$
2.9

$
1.0

 
 
Share Repurchase Program  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Common Stock Repurchases
Common Stock Repurchases
 
Three Months Ended
 
Nine Months Ended
 
November 30
 
November 30
 
2017
 
2016
 
2017
 
2016
Number of shares repurchased (in thousands)
1,488.4

 
3,780.5

 
6,976.2

 
8,715.2

Average cost per share
$
72.02

 
$
52.56

 
$
63.90

 
$
52.38

Available for repurchase, as of end of period (in millions)
$
1,144.6

 
$
1,691.5

 
$
1,144.6

 
$
1,691.5