U-Haul 2006 Annual Report Download - page 32

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AMERCO AND CONSOLIDATED ENTITIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
Interest Rates
Interest rates and Company borrowings were as follows:
2006 2005 2004
Weighted average interest rate during the year 5.95% 5.69% 6.75%
Interest rate at year end 6.45% 6.43% 5.50%
Maximum amount outstanding during the yea
r
$ 158,011 $ 164,051 $ 205,000
Average amount outstanding during the year $ 96,710 $ 46,771 $ 174,267
Facility fees $ - $ - $ 1,333
(In thousands, except interest rates)
Revolving Credit Activity
Year Ended March 31,
Note 11: Stockholders’ Equity
The Serial common stock may be issued in such series and on such terms as the Board shall determine. The Serial
preferred stock may be issued with or without par value. The 6,100,000 shares of Series A, no par, non-voting, 8½%
cumulative preferred stock that are issued and outstanding are not convertible into, or exchangeable for, shares of any other
class or classes of stock of AMERCO. Dividends on the Series A preferred stock are payable quarterly in arrears and have
priority as to dividends over the common stock of AMERCO.
Note 12: Comprehensive Income (Loss)
A summary of accumulated comprehensive income (loss) components were as follows:
Foreign
Currency
Translation
Unrealized
Gain (Loss)
on Investments
Fair Market
Value of
Cash Flow
Hedge
Accumulated
Other
Comprehensive
Income (Loss)
Balance at March 31, 2004 $ (34,913) $ 19,516 $ - $ (15,397)
Foreign currency translation - U-Haul 1,569 - - 1,569
Unrealized gain on investments - (10,831) - (10,831)
Change in fair value of cash flow hedge - - 47 47
Balance at March 31, 2005 (33,344) 8,685 47 (24,612)
Foreign currency translation - U-Haul (903) - - (903)
Unrealized gain on investments - (7,968) - (7,968)
Change in fair value of cash flow hedge - - 4,581 4,581
Balance at March 31, 2006 $ (34,247) $ 717 $ 4,628 $ (28,902)
(In thousands)
F-25