Related Party Costs and Expenses (Table Text Block)

3 Months Ended

Jun. 30, 2013

Related Party Costs and Expenses

		Quarter Ended June 30,
		2013		2012
		(Unaudited)
		(In thousands)
U-Haul lease expenses to SAC Holdings	$	655	$	661
U-Haul commission expenses to SAC Holdings		12,520		10,934
U-Haul commission expenses to Private Mini		795		695
	$	13,970	$	12,290

We lease space for marketing company offices, vehicle repair shops and hitch installation centers from subsidiaries of SAC Holdings, 5 SAC and Galaxy. The terms of the leases are similar to the terms of leases for other properties owned by unrelated parties that are leased to us.

At June 30, 2013, subsidiaries of SAC Holdings, 4 SAC, 5 SAC, Galaxy and Private Mini acted as U-Haul independent dealers. The financial and other terms of the dealership contracts with the aforementioned companies and their subsidiaries are substantially identical to the terms of those with our other independent dealers whereby commissions are paid by the Company based upon equipment rental revenues

These agreements and notes with subsidiaries of SAC Holdings, 4 SAC, 5 SAC, Galaxy and Private Mini, excluding Dealer Agreements, provided revenues of $7.9 million, expenses of $0.7 million and cash flows of $21.7 million during the first quarter of fiscal 2014. Revenues and commission expenses related to the Dealer Agreements were $60.5 million and $13.3 million, respectively during the first quarter of fiscal 2014.