CARMAX INC - 10-Q filing on 2014-07-08

Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

May 31, 2014


					Total
	Net				Accumulated
	Unrecognized		Net		Other
	Actuarial		Unrecognized		Comprehensive
(In thousands, net of income taxes)	Losses		Hedge Losses		Loss
Balance as of February 28, 2014	$	(38,715)	$	(7,556)	$	(46,271)
Other comprehensive loss before reclassifications		―		(1,091)		(1,091)
Amounts reclassified from accumulated other comprehensive loss		213		1,373		1,586
Other comprehensive income		213		282		495
Balance as of May 31, 2014	$	(38,502)	$	(7,274)	$	(45,776)


		Three Months Ended May 31
(In thousands)		2014		2013

Retirement Benefit Plans (Note 9):
Actuarial loss amortization reclassifications recognized
in net pension expense:
Cost of sales	$	138	$	162
CarMax Auto Finance income		7		9
Selling, general and administrative expenses		195		237
Total amortization reclassifications recognized
in net pension expense		340		408
Tax expense		(127)		(152)
Amortization reclassifications recognized in net
pension expense, net of tax		213		256
Net change in retirement benefit plan unrecognized
actuarial losses, net of tax		213		256

Cash Flow Hedges (Note 5):
Effective portion of changes in fair value		(1,798)		462
Tax benefit/(expense)		707		(181)
Effective portion of changes in fair value, net of tax		(1,091)		281
Reclassifications to CarMax Auto Finance income		2,263		2,905
Tax expense		(890)		(1,144)
Reclassification of hedge losses, net of tax		1,373		1,761
Net change in cash flow hedge unrecognized losses,
net of tax		282		2,042
Total other comprehensive income, net of tax	$	495	$	2,298