Accumulated Other Comprehensive Loss

Changes in Accumulated Other Comprehensive Loss By Component



							Total
	Net						Accumulated
	Unrecognized			Net			Other
	Actuarial			Unrecognized			Comprehensive
(In thousands, net of income taxes)	Losses			Hedge Losses			Loss
Balance as of February 28, 2017	$	(55,521	)	$	(1,034	)	$	(56,555	)
Other comprehensive loss before reclassifications	—			(4,813		)	(4,813		)
Amounts reclassified from accumulated other comprehensive loss	549			1,192			1,741
Other comprehensive income (loss)	549			(3,621		)	(3,072		)
Balance as of August 31, 2017	$	(54,972	)	$	(4,655	)	$	(59,627	)

Changes In and Reclassifications Out of Accumulated Other Comprehensive Loss



	Three Months Ended August 31						Six Months Ended August 31
(In thousands)	2017			2016			2017			2016
Retirement Benefit Plans (Note 9):
Actuarial loss amortization reclassifications recognized in net pension expense:
Cost of sales	$	187		$	160		$	372		$	317
CarMax Auto Finance income	11			9			22			18
Selling, general and administrative expenses	255			217			513			438
Total amortization reclassifications recognized in net pension expense	453			386			907			773
Tax expense	(178		)	(138		)	(358		)	(276		)
Amortization reclassifications recognized in net pension expense, net of tax	275			248			549			497
Net change in retirement benefit plan unrecognized actuarial losses, net of tax	275			248			549			497

Cash Flow Hedges (Note 5):
Effective portion of changes in fair value	(3,712		)	(3,129		)	(7,938		)	(798		)
Tax benefit	1,461			1,231			3,125			315
Effective portion of changes in fair value, net of tax	(2,251		)	(1,898		)	(4,813		)	(483		)
Reclassifications to CarMax Auto Finance income	952			3,120			1,965			5,933
Tax expense	(374		)	(1,227		)	(773		)	(2,333		)
Reclassification of hedge losses, net of tax	578			1,893			1,192			3,600
Net change in cash flow hedge unrecognized losses, net of tax	(1,673		)	(5		)	(3,621		)	3,117
Total other comprehensive (loss) income, net of tax	$	(1,398	)	$	243		$	(3,072	)	$	3,614

Changes in the funded status of our retirement plans and the effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges are recognized in accumulated other comprehensive loss. The cumulative balances are net of deferred taxes of $35.8 million as of August 31, 2017, and $33.8 million as of February 28, 2017.