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Accumulated Other Comprehensive Loss | 3 Months Ended
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May 31, 2021
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] |
Accumulated Other Comprehensive Loss | Accumulated Other Comprehensive Loss Changes in Accumulated Other Comprehensive Loss By Component
|  |  |  |  | Total
| Net |  | Net |  | Accumulated
| Unrecognized |  | Unrecognized |  | Other
| Actuarial |  | Hedge |  | Comprehensive
(In thousands, net of income taxes) | Losses |  | Losses |  | Loss
Balance as of February 28, 2021 | $ | (92,662) |  |  | $ | (26,029) |  |  | $ | (118,691) |
Other comprehensive loss before reclassifications | — |  |  | (1,478) |  |  | (1,478) |
Amounts reclassified from accumulated other comprehensive loss | 659 |  |  | 3,756 |  |  | 4,415 |
Other comprehensive income | 659 |  |  | 2,278 |  |  | 2,937 |
Balance as of May 31, 2021 | $ | (92,003) |  |  | $ | (23,751) |  |  | $ | (115,754) |
Changes In and Reclassifications Out of Accumulated Other Comprehensive Loss
| Three Months Ended May 31 |  |
(In thousands) | 2021 |  | 2020 |  |  |  |
Retirement Benefit Plans: |  |  |  |  |  |  |
Actuarial loss amortization reclassifications recognized in net pension expense: |  |  |  |  |  |  |
Cost of sales | $ | 357 |  |  | $ | 373 |  |  |  |  |
CarMax Auto Finance income | 22 |  |  | 31 |  |  |  |  |
Selling, general and administrative expenses | 489 |  |  | 555 |  |  |  |  |
Total amortization reclassifications recognized in net pension expense | 868 |  |  | 959 |  |  |  |  |
Tax expense | (209) |  |  | (231) |  |  |  |  |
Amortization reclassifications recognized in net pension expense, net of tax | 659 |  |  | 728 |  |  |  |  |
Net change in retirement benefit plan unrecognized actuarial losses, net of tax | 659 |  |  | 728 |  |  |  |  |
Cash Flow Hedges (Note 5): |  |  |  |  |  |  |
Changes in fair value | (2,006) |  |  | (24,862) |  |  |  |  |
Tax benefit | 528 |  |  | 6,575 |  |  |  |  |
Changes in fair value, net of tax | (1,478) |  |  | (18,287) |  |  |  |  |
Reclassifications to CarMax Auto Finance income | 5,098 |  |  | 3,025 |  |  |  |  |
Tax expense | (1,342) |  |  | (800) |  |  |  |  |
Reclassification of hedge losses, net of tax | 3,756 |  |  | 2,225 |  |  |  |  |
Net change in cash flow hedge unrecognized losses, net of tax | 2,278 |  |  | (16,062) |  |  |  |  |
Total other comprehensive income (loss), net of tax | $ | 2,937 |  |  | $ | (15,334) |  |  |  |  |
Changes in the funded status of our retirement plans and 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 $37.7 million as of May 31, 2021 and $38.7 million as of February 28, 2021.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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