XML 60 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Selected Quarterly Financial Data
 12 Months Ended
Feb. 28, 2014
Selected Quarterly Financial Data [Abstract]  
Selected Quarterly Financial Data

17.Selected Quarterly Financial Data (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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.