Accumulated Other Comprehensive Loss

Changes in Accumulated Other Comprehensive Loss By Component



							Total
	Net			Net			Accumulated
	Unrecognized			Unrecognized			Other
	Actuarial			Hedge Gains			Comprehensive
(In thousands, net of income taxes)	Losses			(Losses)			Loss
Balance as of February 28, 2018	$	(68,497	)	$	14,185		$	(54,312	)
Other comprehensive loss before reclassifications	—			(285		)	(285		)
Amounts reclassified from accumulated other comprehensive loss	369			(817		)	(448		)
Other comprehensive income (loss)	369			(1,102		)	(733		)
Balance as of May 31, 2018	$	(68,128	)	$	13,083		$	(55,045	)

Changes In and Reclassifications Out of Accumulated Other Comprehensive Loss



	Three Months Ended May 31
(In thousands)	2018			2017
Retirement Benefit Plans:
Actuarial loss amortization reclassifications recognized in net pension expense:
Cost of sales	$	201		$	185
CarMax Auto Finance income	13			11
Selling, general and administrative expenses	273			258
Total amortization reclassifications recognized in net pension expense	487			454
Tax benefit (expense)	(118		)	(180		)
Amortization reclassifications recognized in net pension expense, net of tax	369			274
Net change in retirement benefit plan unrecognized actuarial losses, net of tax	369			274

Cash Flow Hedges (Notes 5 and 6):
Effective portion of changes in fair value	(387		)	(4,226		)
Tax benefit (expense)	102			1,664
Effective portion of changes in fair value, net of tax	(285		)	(2,562		)
Reclassifications to CarMax Auto Finance income	(1,109		)	1,013
Tax benefit (expense)	292			(399		)
Reclassification of hedge (gains) losses, net of tax	(817		)	614
Net change in cash flow hedge unrecognized gains, net of tax	(1,102		)	(1,948		)
Total other comprehensive loss, net of tax	$	(733	)	$	(1,674	)

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 $16.8 million as of May 31, 2018, and $16.6 million as of February 28, 2018.