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CarMax Auto Finance (Tables) | 9 Months Ended
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Nov. 30, 2016
CarMax Auto Finance Income [Abstract] |
Components Of CarMax Auto Finance Income | Components of CAF Income
| Three Months Ended November 30 |  | Nine Months Ended November 30
(In millions) | 2016 |  | % (1) |  | 2015 |  | % (1) |  | 2016 |  | % (1) |  | 2015 |  | % (1)
Interest margin: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest and fee income | $ | 192.7 |  |  | 7.5 |  |  | $ | 172.3 |  |  | 7.4 |  |  | $ | 567.0 |  |  | 7.5 |  |  | $ | 507.0 |  |  | 7.5 |
Interest expense | (44.1 | ) |  | (1.7 | ) |  | (33.0 | ) |  | (1.4 | ) |  | (125.3 | ) |  | (1.7 | ) |  | (91.9 | ) |  | (1.4 | )
Total interest margin | 148.6 |  |  | 5.8 |  |  | 139.3 |  |  | 6.0 |  |  | 441.7 |  |  | 5.9 |  |  | 415.1 |  |  | 6.2 |
Provision for loan losses | (41.9 | ) |  | (1.6 | ) |  | (30.9 | ) |  | (1.3 | ) |  | (104.2 | ) |  | (1.4 | ) |  | (70.2 | ) |  | (1.0 | )
Total interest margin after provision for loan losses | 106.7 |  |  | 4.1 |  |  | 108.4 |  |  | 4.7 |  |  | 337.5 |  |  | 4.5 |  |  | 344.9 |  |  | 5.1 |
Total other expense | — |  |  | — |  |  | (0.3 | ) |  | — |  |  | — |  |  | — |  |  | (0.4 | ) |  | — |
Direct expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payroll and fringe benefit expense | (7.5 | ) |  | (0.3 | ) |  | (7.1 | ) |  | (0.3 | ) |  | (22.9 | ) |  | (0.3 | ) |  | (21.0 | ) |  | (0.3 | )
Other direct expenses | (9.8 | ) |  | (0.4 | ) |  | (8.7 | ) |  | (0.4 | ) |  | (28.5 | ) |  | (0.4 | ) |  | (23.8 | ) |  | (0.4 | )
Total direct expenses | (17.3 | ) |  | (0.7 | ) |  | (15.8 | ) |  | (0.7 | ) |  | (51.4 | ) |  | (0.7 | ) |  | (44.8 | ) |  | (0.7 | )
CarMax Auto Finance income | $ | 89.4 |  |  | 3.5 |  |  | $ | 92.3 |  |  | 4.0 |  |  | $ | 286.1 |  |  | 3.8 |  |  | $ | 299.7 |  |  | 4.5 |
Total average managed receivables | $ | 10,297.8 |  |  |  |  |  | $ | 9,261.4 |  |  |  |  |  | $ | 10,030.9 |  |  |  |  | $ | 8,973.3 |  |  |
(1) | Annualized percentage of total average managed receivables.

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- Definition Auto Finance Income [Abstract] + References No definition available. + Details
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- Definition Schedule Of Components Of Net Income Loss From Financing [Table Text Block] + References No definition available. + Details
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