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CarMax Auto Finance (Components Of CarMax Auto Finance Income) (Details) - USD ($) $ in Thousands | 3 Months Ended
--- | ---
May 31, 2021 | May 31, 2020
Auto Finance Income [Line Items] |  |
Interest and fee income | $ 310,300 | $ 282,500
Interest expense | (65,800) | (84,600)
Total interest margin | 244,500 | 197,900
Provision for loan losses | 24,400 | (122,000)
Total interest margin after provision for loan losses | 268,900 | 75,900
Total other expense | 0 | (1,900)
Payroll and fringe benefit expense | (12,600) | (11,200)
Other Depreciation and Amortization | (200) | (200)
Other direct expenses | (14,400) | (11,600)
Total direct expenses | (27,200) | (23,000)
CarMax Auto Finance income | 241,731 | 50,950
Total average managed receivables | $ 14,148,700 | $ 13,408,500
Interest and fee income, percent |  |
Auto Finance Income [Line Items] |  |
Item as percent of total average managed receivables | 8.80% | 8.40%
Interest expense, percent |  |
Auto Finance Income [Line Items] |  |
Item as percent of total average managed receivables | (1.90%) | (2.50%)
Total interest margin, percent |  |
Auto Finance Income [Line Items] |  |
Item as percent of total average managed receivables | 6.90% | 5.90%
Provision for loan losses, percent |  |
Auto Finance Income [Line Items] |  |
Item as percent of total average managed receivables | 0.70% | (3.60%)
Total interest margin after provision for loan losses, percent |  |
Auto Finance Income [Line Items] |  |
Item as percent of total average managed receivables | 7.60% | 2.30%
Total other expense, percent |  |
Auto Finance Income [Line Items] |  |
Item as percent of total average managed receivables | 0.00% | (0.10%)
Payroll and fringe benefit expense, percent |  |
Auto Finance Income [Line Items] |  |
Item as percent of total average managed receivables | (0.40%) | (0.30%)
Other Depreciation and Amortization |  |
Auto Finance Income [Line Items] |  |
Item as percent of total average managed receivables | 0.00% | 0.00%
Other direct expenses, percent |  |
Auto Finance Income [Line Items] |  |
Item as percent of total average managed receivables | (0.40%) | (0.30%)
Total direct expenses, percent |  |
Auto Finance Income [Line Items] |  |
Item as percent of total average managed receivables | (0.80%) | (0.70%)
CarMax Auto Finance income, percent |  |
Auto Finance Income [Line Items] |  |
Item as percent of total average managed receivables | 6.80% | 1.50%

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- Definition The aggregate interest and fee income generated by: (1) loans the Entity has positive intent and ability to hold for the foreseeable future, or until maturity or payoff, including commercial and consumer loans, whether domestic or foreign, which may consist of: (a) industrial and agricultural; (b) real estate; and (c) real estate construction loans; (d) trade financing; (e) lease financing; (f) home equity lines-of-credit; (g) automobile and other vehicle loans; and (h) credit card and other revolving-type loans and (2) loans and leases held-for-sale which may include mortgage loans, direct financing, and sales-type leases. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.1) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 + Details
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