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Selected Quarterly Financial Data (Tables) | 12 Months Ended
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Feb. 28, 2014
Selected Quarterly Financial Data [Abstract] |
Schedule Of Selected Quarterly Financial Data |
|  |  | 1st Quarter |  |  | 2nd Quarter |  |  | 3rd Quarter |  |  | 4th Quarter |  |  | Fiscal Year |
(In thousands, except per share data) |  |  | 2014 |  |  | 2014 |  |  | 2014 |  |  | 2014 (1) |  |  | 2014 (1) |
Net sales and operating revenues |  | $ | 3,311,057 |  | $ | 3,245,552 |  | $ | 2,941,407 |  | $ | 3,076,283 |  | $ | 12,574,299 |
Gross profit |  | $ | 448,096 |  | $ | 434,743 |  | $ | 381,721 |  | $ | 384,141 |  | $ | 1,648,701 |
CarMax Auto Finance income |  | $ | 87,019 |  | $ | 84,422 |  | $ | 83,905 |  | $ | 80,821 |  | $ | 336,167 |
Selling, general and administrative |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
expenses |  | $ | 290,189 |  | $ | 283,206 |  | $ | 284,366 |  | $ | 297,454 |  | $ | 1,155,215 |
Net earnings |  | $ | 146,651 |  | $ | 140,274 |  | $ | 106,452 |  | $ | 99,209 |  | $ | 492,586 |
Net earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.65 |  | $ | 0.63 |  | $ | 0.48 |  | $ | 0.45 |  | $ | 2.20 |
Diluted |  | $ | 0.64 |  | $ | 0.62 |  | $ | 0.47 |  | $ | 0.44 |  | $ | 2.16 |
|  |  | 1st Quarter |  |  | 2nd Quarter |  |  | 3rd Quarter |  |  | 4th Quarter |  |  | Fiscal Year |
(In thousands, except per share data) |  |  | 2013 |  |  | 2013 |  |  | 2013 |  |  | 2013 |  |  | 2013 |
Net sales and operating revenues |  | $ | 2,774,420 |  | $ | 2,758,004 |  | $ | 2,602,446 |  | $ | 2,827,948 |  | $ | 10,962,818 |
Gross profit |  | $ | 381,915 |  | $ | 367,993 |  | $ | 345,219 |  | $ | 369,235 |  | $ | 1,464,362 |
CarMax Auto Finance income |  | $ | 75,179 |  | $ | 75,676 |  | $ | 72,454 |  | $ | 75,958 |  | $ | 299,267 |
Selling, general and administrative |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
expenses |  | $ | 253,603 |  | $ | 254,674 |  | $ | 257,282 |  | $ | 265,475 |  | $ | 1,031,034 |
Net earnings |  | $ | 120,746 |  | $ | 111,636 |  | $ | 94,681 |  | $ | 107,221 |  | $ | 434,284 |
Net earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.53 |  | $ | 0.49 |  | $ | 0.41 |  | $ | 0.47 |  | $ | 1.90 |
Diluted |  | $ | 0.52 |  | $ | 0.48 |  | $ | 0.41 |  | $ | 0.46 |  | $ | 1.87 |
| (1) |  | As disclosed in Note 8, during the fourth quarter of fiscal 2014, we corrected our accounting related to cancellation reserves for our ESP and GAP products. The correction of the out of period error consisted of $0.02 per share pertaining to earlier quarters in fiscal 2014 and $0.05 per share pertaining to fiscal 2013 and fiscal 2012.

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=25249566&loc=d3e1280-108306 + Details
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