U-Haul 2006 Annual Report Download - page 12

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AMERCO AND CONSOLIDATED ENTITIES
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
Description
Series A
Common
Stock, $0.25
Par Value
Common
Stock, $0.25
Par Value
Additional Paid-In
Capital
Accumulated Other
Comprehensive
Income (Loss)(a)
Retained
Earnings(a)
Less:
Treasury
Stock
Less: Unearned
Employee Stock
Ownership Plan
Shares
Total Stockholders'
Equity
Balance as of March 31, 2003 $ 1,416 $ 9,081 $ 239,049 $ (49,716) $ 562,173 $ (421,378) $ (13,177) $ 327,448
Decrease in market value of released ESOP shares - - (311) - - - - (311)
Foreign currency translation - - - 4,936 - - - 4,936
Unrealized gain on investments - - - 27,896 - - - 27,896
Net loss - - - - (2,852) - - (2,852)
Preferred stock dividends: Series A ($2.13 per share for fiscal 2004) - - - - (12,963) - - (12,963)
Contribution from related party - - 110,994 - - - - 110,994
SAC Holding Corporation distribution - - - 1,487 42,774 3,199 - 47,460
Treasury stock transactions - - - - - 87 - 87
Release of unearned ESOP shares - - - - - - 1,151 1,151
Net activity - - 110,683 34,319 26,959 3,286 1,151 176,398
Balance as of March 31, 2004 $ 1,416 $ 9,081 $ 349,732 $ (15,397) $ 589,132 $ (418,092) $ (12,026) $ 503,846
Increase in market value of released ESOP shares - - 612 - - - - 612
Foreign currency translation - - - 1,569 - - - 1,569
Fair market value of cash flow hedge - - - 47 - - - 47
Unrealized loss on investments - - - (10,831) - - - (10,831)
Net earnings - - - - 89,424 - - 89,424
Preferred stock dividends: Series A ($2.13 per share for fiscal 2005) - - - - (12,963) - - (12,963)
Exchange of shares (487) 487 - - - - - -
Release of unearned ESOP shares - - - - - - 1,135 1,135
Net activity (487) 487 612 (9,215) 76,461 - 1,135 68,993
Balance as of March 31, 2005 $ 929 $ 9,568 $ 350,344 $ (24,612) $ 665,593 $ (418,092) $ (10,891) $ 572,839
Increase in market value of released ESOP shares - - 2,955 - - - - 2,955
Foreign currency translation - - - (903) - - - (903)
Fair market value of cash flow hedge - - - 4,581 - - - 4,581
Unrealized loss on investments - - - (7,968) - - - (7,968)
Net earnings - - - - 121,154 - - 121,154
Preferred stock dividends: Series A ($2.13 per share for fiscal 2006) - - - - (12,963) - - (12,963)
Contribution from related party - - 14,356 - - - - 14,356
Release of unearned ESOP shares - - - - - - 1,553 1,553
Net activity - - 17,311 (4,290) 108,191 - 1,553 122,765
Balance as of March 31, 2006 $ 929 $ 9,568 $ 367,655 $ (28,902) $ 773,784 $ (418,092) $ (9,338) $ 695,604
(In thousands)
(a) The opening March 31, 2003 balances for Accumulated Other Comprehensive Income (Loss) and Retained Earnings were adjusted for the correction of an
immaterial error in the amount of $6.0 million.
The accompanying notes are an integral part of these consolidated financial statements
F-5