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Stock And Stock-Based Incentive Plans | 9 Months Ended
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Nov. 30, 2016
Share-based Compensation [Abstract] |
Stock And Stock-Based Incentive Plans | Stock and Stock-Based Incentive Plans (A) Share Repurchase Program As of November 30, 2016, our board of directors has authorized the repurchase of up to $4.55 billion of our common stock. At that date, $1.69 billion was available for repurchase under the board's outstanding authorization, which includes an additional $750 million authorized during fiscal 2017. Also during fiscal 2017, the board removed the expiration date of the outstanding repurchase authorizations. Common Stock Repurchases
| Three Months Ended |  | Nine Months Ended
| November 30 |  | November 30
| 2016 |  | 2015 |  | 2016 |  | 2015
Number of shares repurchased (in thousands) | 3,780.5 |  |  | 7,680.8 |  |  | 8,715.2 |  |  | 13,336.1 |
Average cost per share | $ | 52.56 |  |  | $ | 58.03 |  |  | $ | 52.38 |  |  | $ | 61.14 |
Available for repurchase, as of end of period (in millions) | $ | 1,691.5 |  |  | $ | 1,553.8 |  |  | $ | 1,691.5 |  |  | $ | 1,553.8 |
(B) Share-Based Compensation Composition of Share-Based Compensation Expense
| Three Months Ended |  | Nine Months Ended
| November 30 |  | November 30
(In thousands) | 2016 |  | 2015 |  | 2016 |  | 2015
Cost of sales | $ | 584 |  |  | $ | 394 |  |  | $ | 2,998 |  |  | $ | 1,459 |
CarMax Auto Finance income | 663 |  |  | 502 |  |  | 2,314 |  |  | 1,100 |
Selling, general and administrative expenses | 10,522 |  |  | 11,178 |  |  | 67,784 |  |  | 43,728 |
Share-based compensation expense, before income taxes | $ | 11,769 |  |  | $ | 12,074 |  |  | $ | 73,096 |  |  | $ | 46,287 |
Composition of Share-Based Compensation Expense – By Grant Type
| Three Months Ended |  | Nine Months Ended
| November 30 |  | November 30
(In thousands) | 2016 |  | 2015 |  | 2016 |  | 2015
Nonqualified stock options | $ | 4,756 |  |  | $ | 5,794 |  |  | $ | 32,977 |  |  | $ | 20,064 |
Cash-settled restricted stock units (RSUs) | 4,490 |  |  | 2,960 |  |  | 25,951 |  |  | 14,358 |
Stock-settled market stock units (MSUs) | 2,463 |  |  | 2,586 |  |  | 9,811 |  |  | 8,123 |
Stock-settled performance stock units (PSUs) | (488 | ) |  | 341 |  |  | 1,844 |  |  | 1,579 |
Employee stock purchase plan | 305 |  |  | 296 |  |  | 1,070 |  |  | 1,003 |
Restricted stock awards (RSAs) | 243 |  |  | 97 |  |  | 1,443 |  |  | 1,160 |
Share-based compensation expense, before income taxes | $ | 11,769 |  |  | $ | 12,074 |  |  | $ | 73,096 |  |  | $ | 46,287 |
(C) Stock Incentive Plan Information Share/Unit Activity
| Nine Months Ended November 30, 2016
| Equity Classified |  | Liability Classified
(Shares/units in thousands) | Options | MSUs | PSUs | RSAs |  | RSUs
Outstanding as of February 29, 2016 | 7,322 |  | 543 |  | 66 |  | 17 |  |  | 1,320 |
Granted | 2,310 |  | 171 |  | 83 |  | 49 |  |  | 632 |
Exercised or vested and converted | (1,144 | ) | (210 | ) | — |  | (17 | ) |  | (436 | )
Cancelled | (4 | ) | (1 | ) | — |  | — |  |  | (89 | )
Outstanding as of November 30, 2016 | 8,484 |  | 503 |  | 149 |  | 49 |  |  | 1,427 |
Weighted average grant date fair value per share/unit: |  |  |  |  |  |
Granted | $ | 14.19 |  | $ | 63.96 |  | $ | 51.63 |  | $ | 50.65 |  |  | $ | 51.63 |
Ending outstanding | $ | 14.99 |  | $ | 65.66 |  | $ | 60.94 |  | $ | 50.65 |  |  | $ | 55.04 |
| As of November 30, 2016 |  |
Unrecognized compensation (in mil lions) | $ | 37.4 |  | $ | 13.6 |  | $ | 2.5 |  | $ | 1.2 |  |  |
In the second quarter of fiscal 2017, in connection with the retirement of our former CEO, Thomas J. Folliard, the board of directors modified certain equity awards previously granted to him. This modification effectively provided Mr. Folliard retirement treatment under the terms of the awards, notwithstanding that he was younger than 55 years old. The modification resulted in the recognition of additional share-based compensation expense of $10.9 million. In addition, the awards granted to Mr. Folliard in April 2016 effectively provided him retirement treatment, thus full expense recognition of $3.5 million occurred at the grant date.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=65895303&loc=d3e17540-113929 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68057994&loc=d3e25284-112666 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 + Details
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