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v3.21.4

Segment Reporting (Tables) | 3 Months Ended | 9 Months Ended
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Nov. 30, 2021 | Nov. 30, 2021
Segment Reporting [Abstract] |  |
Schedule of Segment Reporting Information, by Segment |
| Three Months Ended November 30, 2021
(In thousands) | CarMax Sales Operations | Other | Eliminations | Total
Sales and operating revenues | $ | 8,494,437 |  | $ | 33,322 |  | $ | — |  | $ | 8,527,759 |
Intersegment sales and operating revenues | — |  | 7,973 |  | (7,973) |  | — |
Total sales and operating revenues | $ | 8,494,437 |  | $ | 41,295 |  | $ | (7,973) |  | $ | 8,527,759 |
Depreciation and amortization (1) | $ | 226 |  | $ | 2,489 |  | $ | — |  | $ | 2,715 |
Gross profit | $ | 809,998 |  | $ | 28,275 |  | $ | (1,713) |  | $ | 836,560 |
Reconciliation to Consolidated Earnings Before Taxes: |  |  |
CAF Income |  |  |  | 165,968 |
Selling, general and administrative expenses |  |  |  | (575,930) |
Depreciation and amortization (2) |  |  |  | (54,428) |
Interest expense |  |  |  | (24,303) |
Other income (expense) |  |  |  | 8,094 |
Earnings before income taxes |  |  |  | $ | 355,961 |
| Nine Months Ended November 30, 2021
(In thousands) | CarMax Sales Operations | Other | Eliminations | Total
Sales and operating revenues | $ | 24,145,847 |  | $ | 67,870 |  | $ | — |  | $ | 24,213,717 |
Intersegment sales and operating revenues | — |  | 14,981 |  | (14,981) |  | — |
Total sales and operating revenues | $ | 24,145,847 |  | $ | 82,851 |  | $ | (14,981) |  | $ | 24,213,717 |
Depreciation and amortization (1) | $ | 526 |  | $ | 4,698 |  | $ | — |  | $ | 5,224 |
Gross profit | $ | 2,522,595 |  | $ | 57,348 |  | $ | (3,390) |  | $ | 2,576,553 |
Reconciliation to Consolidated Earnings Before Taxes: |  |  |
CAF Income |  |  |  | 607,732 |
Selling, general and administrative expenses |  |  |  | (1,704,285) |
Depreciation and amortization (2) |  |  |  | (157,107) |
Interest expense |  |  |  | (67,247) |
Other income (expense) |  |  |  | 35,453 |
Earnings before income taxes |  |  |  | $ | 1,291,099 |
(1) Represents only the portion of depreciation and amortization recorded within Cost of sales, and thus included in the calculation of Gross profit. (2) Exclusive of depreciation and amortization recorded within Cost of sales.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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