U-Haul 2009 Annual Report Download - page 60

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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, 2006 $ 929 $ 9,568 $ 367,655 $ (28,902) $ 773,784 $ (418,092) $ (9,338) $ 695,604
Adjustment to initially apply SAB 108, net of tax - - - - (1,926) - - (1,926)
Adjustment to initially apply FASB Statement No. 158, net of tax - - - (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, net of tax - - - (1,919) - - - (1,919)
Unrealized loss on investments, net of tax - - - (1,072) - - - (1,072)
Fair market value of cash flow hedges, net of tax - - - (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
Adjustment to initially apply FIN 48 - - - - 6,826 - - 6,826
Increase in market value of released ESOP shares and release of unearned ESOP shares - - 2,379 - - - 1,239 3,618
Foreign currency translation, net of tax - - - 8,583 - - - 8,583
Unrealized gain on investments, net of tax - - - 1,946 - - - 1,946
Fair market value of cash flow hedges, net of tax - - - (25,473) - - - (25,473)
Adjustment to post retirement benefit obligation - - - 1,444 - - - 1,444
Net earnings - - - - 67,784 - - 67,784
Preferred stock dividends: Series A ($2.13 per share for fiscal 2008) - - - - (12,963) - - (12,963)
Treasury stock - - - - - (57,479) - (57,479)
Contribution from related party - - 46,071 - - - - 46,071
SAC Holding II Corporation distribution - - (4,492) - 4,468 - - (24)
Net activity - - 43,958 (13,500) 66,115 (57,479) 1,239 40,333
Balance as of March 31, 2008 $ - $ 10,497 $ 419,370 $ (55,279) $ 915,415 $ (524,677) $ (6,895) $ 758,431
Increase in market value of released ESOP shares and release of unearned ESOP shares - - 1,218 - - - 1,230 2,448
Foreign currency translation, net of tax - - - (16,030) - - - (16,030)
Unrealized loss on investments, net of tax - - - (8,914) - - - (8,914)
Fair market value of cash flow hedges, net of tax - - - (17,833) - - - (17,833)
Adjustment to post retirement benefit obligation - - - 56 - - - 56
Net earnings - - - - 13,410 - - 13,410
Preferred stock dividends: Series A ($2.13 per share for fiscal 2009) - - - - (12,963) - - (12,963)
Treasury stock - - - - - (976) - (976)
Net activity - - 1,218 (42,721) 447 (976) 1,230 (40,802)
Balance as of March 31, 2009 $ - $ 10,497 $ 420,588 $ (98,000) $ 915,862 $ (525,653) $ (5,665) $ 717,629
(In thousands)
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
AMERCO AND CONSOLIDATED ENTITIES
F-5
The accompanying notes are an integral part of these consolidated financial statements.