Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Aug. 31, 2021

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 28, 2021	$	(92,662)	$	(26,029)	$	(118,691)
Other comprehensive loss before reclassifications	—		(1,968)		(1,968)
Amounts reclassified from accumulated other comprehensive loss	1,317		6,999		8,316
Other comprehensive income	1,317		5,031		6,348
Balance as of August 31, 2021	$	(91,345)	$	(20,998)	$	(112,343)

Changes In and Reclassifications Out of Accumulated Other Comprehensive Loss


	Three Months Ended August 31				Six Months Ended August 31
(In thousands)	2021		2020		2021		2020
Retirement Benefit Plans:
Actuarial loss amortization reclassifications recognized in net pension expense:
Cost of sales	$	359	$	437	$	716	$	810
CarMax Auto Finance income	21		25		43		56
Selling, general and administrative expenses	488		498		977		1,053
Total amortization reclassifications recognized in net pension expense	868		960		1,736		1,919
Tax expense	(210)		(232)		(419)		(463)
Amortization reclassifications recognized in net pension expense, net of tax	658		728		1,317		1,456
Net change in retirement benefit plan unrecognized actuarial losses, net of tax	658		728		1,317		1,456

Cash Flow Hedges (Note 6):
Changes in fair value	(665)		79		(2,671)		(24,783)
Tax benefit (expense)	175		(21)		703		6,554
Changes in fair value, net of tax	(490)		58		(1,968)		(18,229)
Reclassifications to CarMax Auto Finance income	4,401		5,701		9,499		8,726
Tax expense	(1,158)		(1,508)		(2,500)		(2,308)
Reclassification of hedge losses, net of tax	3,243		4,193		6,999		6,418
Net change in cash flow hedge unrecognized losses, net of tax	2,753		4,251		5,031		(11,811)
Total other comprehensive income (loss), net of tax	$	3,411	$	4,979	$	6,348	$	(10,355)