XML 37 R25.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Borrowings (Table Text Block) | 6 Months Ended
--- | ---
Sep. 30, 2017
Debt Instruments [Abstract] |
Long-Term Debt | Long term debt was as follows:
|  |  |  |  | September 30, |  | March 31,
| 2018 Rate (a) |  | Maturities |  | 2017 |  | 2017
|  |  |  |  | (Unaudited) |  |
|  |  |  |  | (In thousands)
Real estate loan (amortizing term) | 2.74% - 6.93% |  | 2023 | $ | 140,287 | $ | 169,289
Senior mortgages | 3.72% - 5.50% |  | 2022 - 2038 |  | 1,405,702 |  | 1,292,160
Working capital loans (revolving credit) | 2.74% |  | 2018 |  | 55,000 |  | 85,000
Fleet loans (amortizing term) | 1.95% - 4.76% |  | 2018 - 2024 |  | 319,631 |  | 324,977
Fleet loans (securitization) | 4.90% |  | 2017 |  | 47,183 |  | 52,112
Fleet loans (revolving credit) | 2.39% |  | 2020 - 2021 |  | 446,000 |  | 417,000
Capital leases (rental equipment) | 1.92% - 4.86% |  | 2017 - 2024 |  | 962,140 |  | 876,828
Other obligations | 2.75% - 8.00% |  | 2017 - 2047 |  | 72,005 |  | 69,867
Notes, loans and leases payable |  |  |  |  | 3,447,948 |  | 3,287,233
Less: Debt issuance costs |  |  |  |  | (25,871) |  | (24,353)
Total notes, loans and leases payable |  |  |  | $ | 3,422,077 | $ | 3,262,880
(a) Interest rate as of September 30, 2017, including the effect of applicable hedging instruments. |  |  |  |
Annual Maturities of Notes, Loans and Leases Payable |
|  | Twelve Months Ending September 30,
|  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | Thereafter
|  | (Unaudited)
|  | (In thousands)
Notes, loans and leases payable, secured | $ | 451,564 | $ | 490,060 | $ | 404,931 | $ | 497,718 | $ | 273,441 | $ | 1,330,234
Components of interest expense |
|  | Quarter Ended September 30,
|  | 2017 |  | 2016
|  | (Unaudited)
|  | (In thousands)
Interest expense | $ | 31,863 | $ | 25,879
Capitalized interest |  | (1,929) |  | (985)
Amortization of transaction costs |  | 1,014 |  | 804
Interest expense resulting from derivatives |  | 1,075 |  | 2,291
Total interest expense |  | 32,023 |  | 27,989
|  | Six Months Ended September 30,
|  | 2017 |  | 2016
|  | (Unaudited)
|  | (In thousands)
Interest expense | $ | 61,492 | $ | 49,964
Capitalized interest |  | (3,694) |  | (2,298)
Amortization of transaction costs |  | 1,946 |  | 1,647
Interest expense resulting from derivatives |  | 2,624 |  | 5,102
Total interest expense |  | 62,368 |  | 54,415
Interest rates and company borrowings |
|  | Revolving Credit Activity
|  | Quarter Ended September 30,
|  | 2017 |  | 2016
|  | (Unaudited)
|  | (In thousands, except interest rates)
Weighted average interest rate during the quarter |  | 2.43% |  | 1.73%
Interest rate at the end of the quarter |  | 2.43% |  | 1.73%
Maximum amount outstanding during the quarter | $ | 538,000 | $ | 462,000
Average amount outstanding during the quarter | $ | 516,946 | $ | 431,815
Facility fees | $ | 49 | $ | 49
|  | Revolving Credit Activity
|  | Six Months Ended September 30,
|  | 2017 |  | 2016
|  | (Unaudited)
|  | (In thousands, except interest rates)
Weighted average interest rate during the period |  | 2.34% |  | 1.73%
Interest rate at the end of the period |  | 2.43% |  | 1.73%
Maximum amount outstanding during the period | $ | 538,000 | $ | 462,000
Average amount outstanding during the period | $ | 508,350 | $ | 400,896
Facility fees | $ | 125 | $ | 89

X
- Definition Our disclosure provides for only the interest expense on borrowings. Within the US-GAAP taxonomy, there is an Interest Income and Interest Expense Disclosure [Text Block], but nothing that specifically covers only Interest Expense. + References No definition available. + Details
Name: | uhal_InterestExpenseDisclosureTextBlock
Namespace Prefix: | uhal_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DebtInstrumentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration