U-Haul 2007 Annual Report Download - page 34

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During the third quarter of fiscal 2005, the Company settled our litigation against our former auditor and received
a settlement (net of attorneys’ fees and costs) of $51.3 million before taxes. The settlement had the effect of
increasing, on a non-recurring basis, earnings for the yea
28
r ended March 31, 2005 by $2.47 per share before taxes, in
w
ilable to common shareholders were $108.2 million in
fi
common shares outstanding: basic and diluted were 20,857,108 in fiscal 2006 and
20
Basic and diluted earnings per share in fiscal 2006 were $5.19, compared with $3.68 in fiscal 2005.
hich the tax effect was approximately $0.91 per share.
Income tax expense was $79.1 million in fiscal 2006, compared with $55.7 million in fiscal 2005.
Dividends accrued on our Series A preferred stock were $13.0 million in both fiscal 2006 and 2005, respectively.
As a result of the above mentioned items, net earnings ava
scal 2006, compared with $76.5 million in fiscal 2005.
The weighted average
,804,773 in fiscal 2005.