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Consolidated Statements Of Earnings - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended
--- | ---
May 31, 2018 | May 31, 2017
SALES AND OPERATING REVENUES: |  |
NET SALES AND OPERATING REVENUES | $ 4,792,592 | $ 4,542,334
TOTAL COST OF SALES | 4,131,252 | 3,893,396
GROSS PROFIT | 661,340 | 648,938
CARMAX AUTO FINANCE INCOME | 115,593 | 109,363
Selling, general and administrative expenses | 438,234 | 403,503
Interest expense | 18,052 | 16,838
Other expense (income) | 963 | (93)
Earnings before income taxes | 319,684 | 338,053
Income tax provision | 81,028 | 126,351
NET EARNINGS | $ 238,656 | $ 211,702
WEIGHTED AVERAGE COMMON SHARES: |  |
Basic, shares | 178,139 | 185,200
Diluted, shares | 179,421 | 186,859
NET EARNINGS PER SHARE: |  |
Basic (in dollars per share) | $ 1.34 | $ 1.14
Diluted (in dollars per share) | $ 1.33 | $ 1.13
Used vehicle sales |  |
SALES AND OPERATING REVENUES: |  |
NET SALES AND OPERATING REVENUES | $ 4,021,047 | $ 3,843,373
TOTAL COST OF SALES | 3,581,609 | 3,411,446
Wholesale vehicle sales |  |
SALES AND OPERATING REVENUES: |  |
NET SALES AND OPERATING REVENUES | 617,651 | 553,390
TOTAL COST OF SALES | 502,945 | 448,718
Total other sales and revenues |  |
SALES AND OPERATING REVENUES: |  |
NET SALES AND OPERATING REVENUES | 153,894 | 145,571
TOTAL COST OF SALES | $ 46,698 | $ 33,232
NET SALES AND OPERATING REVENUES |  |
Percentage of Sales |  |
Item as a percent of net sales and operating revenues | 100.00% | 100.00%
TOTAL COST OF SALES |  |
Percentage of Sales |  |
Item as a percent of net sales and operating revenues | 86.20% | 85.70%
GROSS PROFIT |  |
Percentage of Sales |  |
Item as a percent of net sales and operating revenues | 13.80% | 14.30%
CARMAX AUTO FINANCE INCOME |  |
Percentage of Sales |  |
Item as a percent of net sales and operating revenues | 2.40% | 2.40%
Selling, general and administrative expenses |  |
Percentage of Sales |  |
Item as a percent of net sales and operating revenues | 9.10% | 8.90%
Interest expense |  |
Percentage of Sales |  |
Item as a percent of net sales and operating revenues | 0.40% | 0.40%
Other expense (income) |  |
Percentage of Sales |  |
Item as a percent of net sales and operating revenues | 0.00% | 0.00%
Earnings before income taxes |  |
Percentage of Sales |  |
Item as a percent of net sales and operating revenues | 6.70% | 7.40%
Income tax provision |  |
Percentage of Sales |  |
Item as a percent of net sales and operating revenues | 1.70% | 2.80%
NET EARNINGS |  |
Percentage of Sales |  |
Item as a percent of net sales and operating revenues | 5.00% | 4.70%
NET SALES AND OPERATING REVENUES | Used vehicle sales |  |
Percentage of Sales |  |
Item as a percent of net sales and operating revenues | 83.90% | 84.60%
NET SALES AND OPERATING REVENUES | Wholesale vehicle sales |  |
Percentage of Sales |  |
Item as a percent of net sales and operating revenues | 12.90% | 12.20%
NET SALES AND OPERATING REVENUES | Total other sales and revenues |  |
Percentage of Sales |  |
Item as a percent of net sales and operating revenues | 3.20% | 3.20%
TOTAL COST OF SALES | Used vehicle sales |  |
Percentage of Sales |  |
Item as a percent of net sales and operating revenues | 74.70% | 75.10%
TOTAL COST OF SALES | Wholesale vehicle sales |  |
Percentage of Sales |  |
Item as a percent of net sales and operating revenues | 10.50% | 9.90%
TOTAL COST OF SALES | Total other sales and revenues |  |
Percentage of Sales |  |
Item as a percent of net sales and operating revenues | 1.00% | 0.70%

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