XML 78 R66.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidating financial information by industry segment (Statements of Operations) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Self-moving equipment rentals $ 931,030 $ 804,325 $ 1,585,315 $ 1,552,921
Self-storage revenues 115,273 104,965 224,228 203,239
Self moving and self-storage products and service sales 98,628 73,121 189,978 153,147
Property management fees 7,840 7,233 15,187 14,389
Life insurance premiums 31,057 32,355 61,965 65,065
Property and casualty insurance premiums 15,869 18,365 29,603 31,789
Net investment and Interest income 33,333 33,098 50,315 68,847
Other revenue 91,878 76,752 155,554 140,066
Total revenues 1,324,908 1,150,214 2,312,145 2,229,463
Costs and expenses:        
Operating expenses 574,083 565,413 1,066,745 1,099,885
Commission expenses 99,365 86,099 168,540 166,998
Cost of sales 60,933 43,930 113,764 92,859
Benefits and losses 45,452 45,825 85,029 94,831
Amortization of deferred policy acquisition costs 5,552 6,515 12,440 12,579
Lease expense 6,870 6,356 13,473 13,392
Depreciation, net of (gains) losses on disposals 137,438 151,553 303,109 292,153
Net (gains) losses on disposal of real estate 3,425 (217) 3,169 (1,839)
Total costs and expenses 933,118 905,474 1,766,269 1,770,858
Earnings (loss) from operations before equity in earnings of subsidiaries 391,790 244,740 545,876 458,605
Equity in earnings of subsidiaries 0 0 0 0
Earnings from operations 391,790 244,740 545,876 458,605
Other components of net periodic benefit costs (246) (264) (493) (527)
Interest expense (40,525) (39,122) (80,046) (78,010)
Pretax earnings 351,019 205,354 465,337 380,068
Income tax expense (84,654) (49,028) (111,246) (91,320)
Earnings available to common stockholders 266,365 156,326 354,091 288,748
Operating Segments [Member] | Moving and Storage Consolidations [Member]        
Revenues:        
Self-moving equipment rentals 931,814 805,659 1,586,727 1,554,795
Self-storage revenues 115,273 104,965 224,228 203,239
Self moving and self-storage products and service sales 98,628 73,121 189,978 153,147
Property management fees 7,840 7,233 15,187 14,389
Life insurance premiums 0 0 0 0
Property and casualty insurance premiums 0 0 0 0
Net investment and Interest income 595 3,031 1,257 6,298
Other revenue 91,168 75,543 154,241 138,082
Total revenues 1,245,318 1,069,552 2,171,618 2,069,950
Costs and expenses:        
Operating expenses 562,798 552,708 1,042,879 1,075,232
Commission expenses 99,365 86,099 168,540 166,998
Cost of sales 60,933 43,930 113,764 92,859
Benefits and losses 0 0 0 0
Amortization of deferred policy acquisition costs 0 0 0 0
Lease expense 7,403 6,492 14,540 13,664
Depreciation, net of (gains) losses on disposals 137,438 151,553 303,109 292,153
Net (gains) losses on disposal of real estate 3,425 (217) 3,169 (1,839)
Total costs and expenses 871,362 840,565 1,646,001 1,639,067
Earnings (loss) from operations before equity in earnings of subsidiaries 373,956 228,987 525,617 430,883
Equity in earnings of subsidiaries 14,338 12,914 16,733 22,745
Earnings from operations 388,294 241,901 542,350 453,628
Other components of net periodic benefit costs (246) (264) (493) (527)
Interest expense (40,800) (39,402) (80,594) (78,568)
Pretax earnings 347,248 202,235 461,263 374,533
Income tax expense (80,883) (45,909) (107,172) (85,785)
Earnings available to common stockholders 266,365 156,326 354,091 288,748
Operating Segments [Member] | Property and Casualty Insurance [Member]        
Revenues:        
Self-moving equipment rentals 0 0 0 0
Self-storage revenues 0 0 0 0
Self moving and self-storage products and service sales 0 0 0 0
Property management fees 0 0 0 0
Life insurance premiums 0 0 0 0
Property and casualty insurance premiums 16,721 19,216 31,228 33,330
Net investment and Interest income 5,952 4,312 5,079 10,503
Other revenue 0 0 0 0
Total revenues 22,673 23,528 36,307 43,833
Costs and expenses:        
Operating expenses 8,166 9,395 16,991 17,476
Commission expenses 0 0 0 0
Cost of sales 0 0 0 0
Benefits and losses 2,438 5,041 6,468 8,799
Amortization of deferred policy acquisition costs 0 0 0 0
Lease expense 0 0 1 0
Depreciation, net of (gains) losses on disposals 0 0 0 0
Net (gains) losses on disposal of real estate 0 0 0 0
Total costs and expenses 10,604 14,436 23,460 26,275
Earnings (loss) from operations before equity in earnings of subsidiaries 12,069 9,092 12,847 17,558
Equity in earnings of subsidiaries 0 0 0 0
Earnings from operations 12,069 9,092 12,847 17,558
Other components of net periodic benefit costs 0 0 0 0
Interest expense 0 0 0 0
Pretax earnings 12,069 9,092 12,847 17,558
Income tax expense (2,554) (1,864) (2,716) (3,642)
Earnings available to common stockholders 9,515 7,228 10,131 13,916
Operating Segments [Member] | Life Insurance [Member]        
Revenues:        
Self-moving equipment rentals 0 0 0 0
Self-storage revenues 0 0 0 0
Self moving and self-storage products and service sales 0 0 0 0
Property management fees 0 0 0 0
Life insurance premiums 31,057 32,355 61,965 65,065
Property and casualty insurance premiums 0 0 0 0
Net investment and Interest income 27,651 26,165 45,657 52,866
Other revenue 852 1,339 1,591 2,249
Total revenues 59,560 59,859 109,213 120,180
Costs and expenses:        
Operating expenses 4,893 5,619 10,181 10,847
Commission expenses 0 0 0 0
Cost of sales 0 0 0 0
Benefits and losses 43,014 40,784 78,561 86,032
Amortization of deferred policy acquisition costs 5,552 6,515 12,440 12,579
Lease expense 61 0 71 0
Depreciation, net of (gains) losses on disposals 0 0 0 0
Net (gains) losses on disposal of real estate 0 0 0 0
Total costs and expenses 53,520 52,918 101,253 109,458
Earnings (loss) from operations before equity in earnings of subsidiaries 6,040 6,941 7,960 10,722
Equity in earnings of subsidiaries 0 0 0 0
Earnings from operations 6,040 6,941 7,960 10,722
Other components of net periodic benefit costs 0 0 0 0
Interest expense 0 0 0 0
Pretax earnings 6,040 6,941 7,960 10,722
Income tax expense (1,217) (1,255) (1,358) (1,893)
Earnings available to common stockholders 4,823 5,686 6,602 8,829
Consolidation, Eliminations [Member]        
Revenues:        
Self-moving equipment rentals (784) (1,334) (1,412) (1,874)
Self-storage revenues 0 0 0 0
Self moving and self-storage products and service sales 0 0 0 0
Property management fees 0 0 0 0
Life insurance premiums 0 0 0 0
Property and casualty insurance premiums (852) (851) (1,625) (1,541)
Net investment and Interest income (865) (410) (1,678) (820)
Other revenue (142) (130) (278) (265)
Total revenues (2,643) (2,725) (4,993) (4,500)
Costs and expenses:        
Operating expenses (1,774) (2,309) (3,306) (3,670)
Commission expenses 0 0 0 0
Cost of sales 0 0 0 0
Benefits and losses 0 0 0 0
Amortization of deferred policy acquisition costs 0 0 0 0
Lease expense (594) (136) (1,139) (272)
Depreciation, net of (gains) losses on disposals 0 0 0 0
Net (gains) losses on disposal of real estate 0 0 0 0
Total costs and expenses (2,368) (2,445) (4,445) (3,942)
Earnings (loss) from operations before equity in earnings of subsidiaries (275) (280) (548) (558)
Equity in earnings of subsidiaries (14,338) (12,914) (16,733) (22,745)
Earnings from operations (14,613) (13,194) (17,281) (23,303)
Other components of net periodic benefit costs 0 0 0 0
Interest expense 275 280 548 558
Pretax earnings (14,338) (12,914) (16,733) (22,745)
Income tax expense 0 0 0 0
Earnings available to common stockholders $ (14,338) $ (12,914) $ (16,733) $ (22,745)