XML 16 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Self-moving equipment rentals $ 740,558 $ 711,710 $ 1,410,416 $ 1,358,046
Self-storage revenues 80,472 72,163 157,190 139,885
Self-moving and self-storage products and service sales 73,268 70,330 152,179 147,633
Property management fees 6,831 6,712 13,593 13,316
Life insurance premiums 38,862 40,893 77,953 81,785
Property and casualty insurance premiums 15,026 14,009 26,841 25,264
Net investment and interest income 26,469 25,590 53,686 52,921
Other revenue 61,200 57,278 108,753 103,026
Total revenues 1,042,686 998,685 2,000,611 1,921,876
Costs and expenses:        
Operating expenses 492,482 398,213 909,406 783,295
Commission expenses 83,351 80,462 158,716 154,278
Cost of sales 42,866 40,952 90,461 84,314
Benefits and losses 47,109 46,836 94,829 93,839
Amortization of deferred policy acquisition costs 5,944 5,989 12,265 13,931
Lease expense 8,575 9,349 16,862 20,397
Depreciation, net of (gains) losses on disposals 132,978 109,904 259,660 205,285
Total costs and expenses 813,305 691,705 1,542,199 1,355,339
Earnings from operations 229,381 306,980 458,412 566,537
Interest expense (32,023) (27,989) (62,368) (54,415)
Pretax earnings 197,358 278,991 396,044 512,122
Income tax expense (72,719) (102,516) (145,198) (188,474)
Earnings available to common shareholders $ 124,639 $ 176,475 $ 250,846 $ 323,648
Basic and diluted earnings per common share $ 6.36 $ 9.01 $ 12.81 $ 16.52
Weighted average common shares outstanding: basic and diluted 19,588,571 19,586,411 19,588,231 19,586,240