U-Haul 2007 Annual Report Download - page 70

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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)
Retained
Earnings
Less:
Treasury
Stock
Less: Unearned
Employee Stock
Ownership Plan
Shares
Total Stockholders'
Equity
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 and release of unearned ESOP shares - - 612 - - - 1,135 1,747
Foreign currency translation - - - 1,569 - - - 1,569
Unrealized loss on investments - - - (10,831) - - - (10,831)
Fair market value of cash flow hedge - - - 47 - - - 47
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 - - - - - -
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 and release of unearned ESOP shares - - 2,955 - - - 1,553 4,508
Foreign currency translation - - - (903) - - - (903)
Unrealized loss on investments - - - (7,968) - - - (7,968)
Fair market value of cash flow hedge - - - 4,581 - - - 4,581
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
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
Adoption of SAB 108 - - - - (1,926) - - (1,926)
Adjustment to initially apply FASB Statement No. 158 - - - (153) (148) - - (301)
Increase in market value of released ESOP shares and release of unearned ESOP shares - - 3,265 - - - 1,204 4,469
Foreign currency translation - - - (1,919) - - - (1,919)
Unrealized loss on investments - - - (1,072) - - - (1,072)
Fair market value of cash flow hedge - - - (9,733) - - - (9,733)
Net earnings - - - - 90,553 - - 90,553
Preferred stock dividends: Series A ($2.13 per share for fiscal 2007) - - - - (12,963) - - (12,963)
Exchange of shares (929) 929 - - - - - -
Treasury stock - - - - - (49,106) - (49,106)
Contribution from related party - - 4,492 - - - - 4,492
Net activity (929) 929 7,757 (12,877) 75,516 (49,106) 1,204 22,494
Balance as of March 31, 2007 $ - $ 10,497 $ 375,412 $ (41,779) $ 849,300 $ (467,198) $ (8,134) $ 718,098
(In thousands)
The accompanying notes are an integral part of these consolidated financial statements
F-5