XML 140 R112.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidating financial information by industry segment (Statement of Operations) (Details) - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2016
Revenues:      
Self-moving equipment rentals $ 2,479,742 $ 2,362,833 $ 2,297,980
Self-storage revenues 323,903 286,886 247,944
Self-moving and self-storage products and service sales 261,557 253,073 251,541
Property management fees 29,602 29,075 26,533
Life insurance premiums 154,703 163,579 162,662
Property and casualty insurance premiums 57,100 52,334 50,020
Net investment and interest income 110,473 102,276 86,617
Other revenue 184,034 171,711 152,171
Total revenues 3,601,114 3,421,767 3,275,468
Costs and expenses:      
Operating expenses 1,807,983 1,568,083 1,470,047
Commission expenses 276,705 267,230 262,627
Cost of sales 160,489 152,485 144,990
Benefits and losses 185,311 182,710 167,436
Amortization of deferred policy acquisition costs 24,514 26,218 23,272
Lease expense 33,960 37,343 49,780
Depreciation, net of (gains) losses on disposals 543,247 449,025 291,235
Net gains on disposal of real estate (195,414) (3,590) (545)
Total costs and expenses 2,836,795 2,679,504 2,408,842
Earnings from operations before equity in earnings of subsidiaries 764,319 742,263 866,626
Equity in earnings of subsidiaries
Earnings from operations 764,319 742,263 866,626
Interest expense (126,706) (113,406) (97,715)
Fees and amortization on early extinguishment of debt (499)
Pretax earnings 637,613 628,358 768,911
Income tax expense 152,970 (229,934) (279,910)
Earnings available to common shareholders 790,583 398,424 489,001
Operating Segments [Member] | Moving and Storage Consolidations [Member]      
Revenues:      
Self-moving equipment rentals 2,483,956 2,366,526 2,301,586
Self-storage revenues 323,903 286,886 247,944
Self-moving and self-storage products and service sales 261,557 253,073 251,541
Property management fees 29,602 29,075 26,533
Life insurance premiums
Property and casualty insurance premiums
Net investment and interest income 12,232 9,688 8,801
Other revenue 179,417 167,752 148,099
Total revenues 3,290,667 3,113,000 2,984,504
Costs and expenses:      
Operating expenses 1,759,624 1,521,408 1,423,107
Commission expenses 276,705 267,230 262,627
Cost of sales 160,489 152,485 144,990
Benefits and losses
Amortization of deferred policy acquisition costs
Lease expense 34,243 37,529 49,966
Depreciation, net of (gains) losses on disposals 543,247 449,025 291,235
Net gains on disposal of real estate (195,414) (3,590) (545)
Total costs and expenses 2,578,894 2,424,087 2,171,380
Earnings from operations before equity in earnings of subsidiaries 711,773 688,913 813,124
Equity in earnings of subsidiaries 46,990 35,797 35,522
Earnings from operations 758,763 724,710 848,646
Interest expense (127,997) (114,863) (98,533)
Fees and amortization on early extinguishment of debt   (499)  
Pretax earnings 630,766 609,348 750,113
Income tax expense 159,817 (210,924) (261,112)
Earnings available to common shareholders 790,583 398,424 489,001
Operating Segments [Member] | Property and Casualty Insurance [Member]      
Revenues:      
Self-moving equipment rentals [1] [2] [3]
Self-storage revenues [1] [2] [3]
Self-moving and self-storage products and service sales [1] [2] [3]
Property management fees [1] [2] [3]
Life insurance premiums [1] [2] [3]
Property and casualty insurance premiums 58,800 [1] 52,334 [2] 50,020 [3]
Net investment and interest income 15,771 [1] 16,652 [2] 14,783 [3]
Other revenue [1] [2] [3]
Total revenues 74,571 [1] 68,986 [2] 64,803 [3]
Costs and expenses:      
Operating expenses 32,710 [1] 28,421 [2] 27,958 [3]
Commission expenses [1] [2] [3]
Cost of sales [1] [2] [3]
Benefits and losses 15,983 [1] 13,404 [2] 12,298 [3]
Amortization of deferred policy acquisition costs [1] [2] [3]
Lease expense [1] [2] [3]
Depreciation, net of (gains) losses on disposals [1] [2] [3]
Net gains on disposal of real estate
Total costs and expenses 48,693 [1] 41,825 [2] 40,256 [3]
Earnings from operations before equity in earnings of subsidiaries 25,878 [1] 27,161 [2] 24,547 [3]
Equity in earnings of subsidiaries [1] [2] [3]
Earnings from operations 25,878 [1] 27,161 [2] 24,547 [3]
Interest expense [1] [2] [3]
Fees and amortization on early extinguishment of debt    
Pretax earnings 25,878 [1] 27,161 [2] 24,547 [3]
Income tax expense (2,989) [1] (9,346) [2] (8,379) [3]
Earnings available to common shareholders 22,889 [1] 17,815 [2] 16,168 [3]
Operating Segments [Member] | Life Insurance [Member]      
Revenues:      
Self-moving equipment rentals [1] [2] [3]
Self-storage revenues [1] [2] [3]
Self-moving and self-storage products and service sales [1] [2] [3]
Property management fees [1] [2] [3]
Life insurance premiums 154,703 [1] 163,579 [2] 162,662 [3]
Property and casualty insurance premiums [1] [2] [3]
Net investment and interest income 84,158 [1] 77,540 [2] 63,999 [3]
Other revenue 5,001 [1] 4,480 [2] 4,559 [3]
Total revenues 243,862 [1] 245,599 [2] 231,220 [3]
Costs and expenses:      
Operating expenses 22,061 [1] 22,429 [2] 23,037 [3]
Commission expenses [1] [2] [3]
Cost of sales [1] [2] [3]
Benefits and losses 169,328 [1] 169,306 [2] 155,138 [3]
Amortization of deferred policy acquisition costs 24,514 [1] 26,218 [2] 23,272 [3]
Lease expense [1] [2] [3]
Depreciation, net of (gains) losses on disposals [1] [2] [3]
Net gains on disposal of real estate
Total costs and expenses 215,903 [1] 217,953 [2] 201,447 [3]
Earnings from operations before equity in earnings of subsidiaries 27,959 [1] 27,646 [2] 29,773 [3]
Equity in earnings of subsidiaries [1] [2] [3]
Earnings from operations 27,959 [1] 27,646 [2] 29,773 [3]
Interest expense [1] [2] [3]
Fees and amortization on early extinguishment of debt    
Pretax earnings 27,959 [1] 27,646 [2] 29,773 [3]
Income tax expense (3,858) [1] (9,664) [2] (10,419) [3]
Earnings available to common shareholders 24,101 [1] 17,982 [2] 19,354 [3]
Eliminations [Member]      
Revenues:      
Self-moving equipment rentals [4] (4,214) (3,693) (3,606)
Self-storage revenues
Self-moving and self-storage products and service sales
Property management fees
Life insurance premiums
Property and casualty insurance premiums (1,700)
Net investment and interest income [5] (1,688) (1,604) (966)
Other revenue [5] (384) (521) (487)
Total revenues (7,986) (5,818) (5,059)
Costs and expenses:      
Operating expenses [4],[5] (6,412) (4,175) (4,055)
Commission expenses
Cost of sales
Benefits and losses
Amortization of deferred policy acquisition costs
Lease expense [5] (283) (186) (186)
Depreciation, net of (gains) losses on disposals
Net gains on disposal of real estate
Total costs and expenses (6,695) (4,361) (4,241)
Earnings from operations before equity in earnings of subsidiaries (1,291) (1,457) (818)
Equity in earnings of subsidiaries [6] (46,990) (35,797) (35,522)
Earnings from operations (48,281) (37,254) (36,340)
Interest expense [5] 1,291 1,457 818
Fees and amortization on early extinguishment of debt    
Pretax earnings (46,990) (35,797) (35,522)
Income tax expense
Earnings available to common shareholders $ (46,990) $ (35,797) $ (35,522)
[1] Balances for the year ended December 31, 2016
[2] Balances for the year ended December 31, 2015
[3] Balances for the year ended December 31, 2014
[4] Eliminate intercompany premiums
[5] Eliminate intercompany lease / interest income
[6] Eliminate equity in earnings of subsidiaries