Rendering

Component: (Network and Table)
Network
2310301 - Disclosure - Benefit Plans (Tables)
(http://www.carmax.com/role/BenefitPlansTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]Period [Axis]
2015-03-01 - 2016-02-29
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]
 
Benefit Plan Information
Benefit Plan Information
 
As of February 29 or 28
 
Pension Plan
 
Restoration Plan
 
Total
(In thousands)
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Plan assets
$
121,746

 
$
135,249

 
$

 
$

 
$
121,746

 
$
135,249

Projected benefit obligation
201,715

 
218,189

 
10,662

 
11,052

 
212,377

 
229,241

Funded status recognized
$
(79,969
)
 
$
(82,940
)
 
$
(10,662
)
 
$
(11,052
)
 
$
(90,631
)
 
$
(93,992
)
 
 
 
 
 
 
 
 
 
 
 
 
Amounts recognized in the
 
 
 
 
 
 
 
 
 
 
 
consolidated balance sheets:
 
 
 
 
 
 
 
 
 
 
 
Current liability
$

 
$

 
$
(459
)
 
$
(462
)
 
$
(459
)
 
$
(462
)
Noncurrent liability
(79,969
)
 
(82,940
)
 
(10,203
)
 
(10,590
)
 
(90,172
)
 
(93,530
)
Net amount recognized
$
(79,969
)
 
$
(82,940
)
 
$
(10,662
)
 
$
(11,052
)
 
$
(90,631
)
 
$
(93,992
)
 
 
Components Of Net Pension Expense
 
Years Ended February 29 or 28
 
Pension Plan
 
Restoration Plan
 
Total
(In thousands)
2016
 
2015
 
2014
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
Total net pension expense
$
847

 
$
363

 
$
1,341

 
$
456

 
$
453

 
$
433

 
$
1,303

 
$
816

 
$
1,774

Total net actuarial (gain) loss (1)
$
(1,786
)
 
$
33,286

 
$
(16,268
)
 
$
(428
)
 
$
840

 
$
803

 
$
(2,214
)
 
$
34,126

 
$
(15,465
)
 
(1)     Changes recognized in Accumulated Other Comprehensive Loss
 
 
Schedule Of Assumptions Used
Assumptions Used to Determine Benefit Obligations
 
As of February 29 or 28
 
Pension Plan
 
Restoration Plan
 
2016
 
2015
 
2016
 
2015
Discount rate (1)
4.50
%
 
4.00
%
 
4.50
%
 
4.00
%
 
(1) 
For the restoration plan, the discount rate presented is applied to the pre-2004 annuity amounts.  A rate of 4.50% is assumed for the post-2004 lump sum amounts paid from the plan for fiscal 2016 and fiscal 2015.

Assumptions Used to Determine Net Pension Expense
 
Years Ended February 29 or 28
 
Pension Plan
 
Restoration Plan
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
Discount rate (1)
4.00
%
 
4.55
%
 
4.30
%
 
4.00
%
 
4.55
%
 
4.30
%
Expected rate of return on plan assets
7.75
%
 
7.75
%
 
7.75
%
 
%
 
%
 
%
 
(1) 
For the restoration plan, the discount rate presented is applied to the pre-2004 annuity amounts.  A rate of 4.50% is assumed for post-2004 lump sum amounts paid from the plan for fiscal 2016, fiscal 2015 and fiscal 2014
 
 
Schedule Of Fair Value Of Plan Assets
Fair Value of Plan Assets And Fair Value Hierarchy
 
As of February 29 or 28
(In thousands)
2016
 
2015
Mutual funds (Level 1):
 
 
 
Equity securities
$
78,951

 
$
84,303

Equity securities – international
15,771

 
17,114

Fixed income securities
25,978

 
32,549

Collective funds (Level 2):
 
 
 
Short-term investments
1,096

 
1,341

Investment payables, net
(50
)
 
(58
)
Total
$
121,746

 
$
135,249