Accumulated Other Comprehensive Loss

9 Months Ended

Nov. 30, 2020

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

Changes in Accumulated Other Comprehensive Loss By Component

					Total
	Net		Net		Accumulated
	Unrecognized		Unrecognized		Other
	Actuarial		Hedge		Comprehensive
(In thousands, net of income taxes)	Losses		Losses		Loss
Balance as of February 29, 2020	$	(121,302)	$	(28,769)	$	(150,071)
Other comprehensive loss before reclassifications	—		(16,113)		(16,113)
Amounts reclassified from accumulated other comprehensive loss	2,183		11,077		13,260
Other comprehensive income (loss)	2,183		(5,036)		(2,853)
Balance as of November 30, 2020	$	(119,119)	$	(33,805)	$	(152,924)

Changes In and Reclassifications Out of Accumulated Other Comprehensive Loss

	Three Months Ended November 30				Nine Months Ended November 30
(In thousands)	2020		2019		2020		2019
Retirement Benefit Plans:
Actuarial loss amortization reclassifications recognized in net pension expense:
Cost of sales	$	402	$	203	$	1,212	$	601
CarMax Auto Finance income	27		12		83		36
Selling, general and administrative expenses	530		253		1,583		768
Total amortization reclassifications recognized in net pension expense	959		468		2,878		1,405
Tax expense	(232)		(113)		(695)		(339)
Amortization reclassifications recognized in net pension expense, net of tax	727		355		2,183		1,066
Net change in retirement benefit plan unrecognized actuarial losses, net of tax	727		355		2,183		1,066
Cash Flow Hedges (Note 5):
Changes in fair value	2,877		10,529		(21,906)		(22,844)
Tax (expense) benefit	(761)		(2,782)		5,793		6,037
Changes in fair value, net of tax	2,116		7,747		(16,113)		(16,807)
Reclassifications to CarMax Auto Finance income	6,334		2,067		15,060		2,370
Tax expense	(1,675)		(546)		(3,983)		(626)
Reclassification of hedge losses, net of tax	4,659		1,521		11,077		1,744
Net change in cash flow hedge unrecognized losses, net of tax	6,775		9,268		(5,036)		(15,063)
Total other comprehensive income (loss), net of tax	$	7,502	$	9,623	$	(2,853)	$	(13,997)

Changes in the funded status of our retirement plans and 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 $49.9 million as of November 30, 2020 and $48.8 million as of February 29, 2020.