XML 56 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Self-moving equipment rentals $ 698,219 $ 653,534 $ 1,327,505 $ 1,229,009
Self-storage revenues 62,060 52,986 119,251 102,120
Self-moving and self-storage products and service sales 70,703 68,043 147,961 142,522
Property management fees 6,320 5,796 12,431 11,473
Life insurance premiums 40,515 39,041 80,781 76,971
Property and casualty insurance premiums 13,372 12,463 23,928 22,081
Net investment and interest income 22,151 21,856 44,123 42,902
Other revenue 49,563 52,772 91,728 98,368
Total revenues 962,903 906,491 1,847,708 1,725,446
Costs and expenses:        
Operating expenses 406,282 383,970 769,451 747,269
Commission expenses 80,799 76,160 153,857 142,500
Cost of sales 39,881 39,836 81,136 81,464
Benefits and losses 43,428 39,558 86,819 80,342
Amortization of deferred policy acquisition costs 5,643 4,290 10,421 8,474
Lease expense 12,724 19,775 29,788 42,245
Depreciation, net of (gains) losses on disposals 63,078 67,066 114,060 128,117
Total costs and expenses 651,835 630,655 1,245,532 1,230,411
Earnings from operations 311,068 275,836 602,176 495,035
Interest expense $ (23,973) (24,877) $ (46,073) (49,025)
Fees and amortization on early extinguishment of debt (4,081) (4,081)
Pretax earnings $ 287,095 246,878 $ 556,103 441,929
Income tax expense (103,716) (90,631) (201,439) (161,208)
Earnings available to common shareholders $ 183,379 $ 156,247 $ 354,664 $ 280,721
Basic and diluted earnings per common share $ 9.36 $ 7.98 $ 18.10 $ 14.34
Weighted average common shares outstanding: basic and diluted 19,597,717 19,584,194 19,596,921 19,580,997