Earnings Per Share

12 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Our earnings per share for fiscal 2014 and 2013 is calculated by dividing our earnings available to common stockholders by the weighted average common shares outstanding, basic and diluted.

Our earnings available to common stockholders for purposes of computing earnings per common share for fiscal 2012 was net earnings less preferred stock dividends paid, adjusted for the price paid by us for the redemption of our preferred stock less its carrying value on our balance sheet. Preferred stock dividends include accrued dividends of AMERCO. Preferred stock dividends paid to or accrued for entities that are part of the consolidated group are eliminated in consolidation.

The weighted average common shares outstanding exclude post-1992 shares of the employee stock ownership plan that have not been committed to be released. The unreleased shares, net of shares committed to be released, were 33,173; 66,669; and 110,504 as of March 31, 2014, 2013, and 2012, respectively.