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Earnings Per Share (Computation Of Basic And Diluted Earnings (Loss) Per Share) (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Numerator for basic earnings per share        
Net income attributable to Universal Corporation $ 35,542 $ 58,453 $ 106,648 $ 66,302
Less: Dividends on convertible perpetual preferred stock (3,712) (3,712) (11,137) (11,137)
Earnings available to Universal Corporation common shareholders 31,830 54,741 95,511 55,165
Denominator for basic earnings per share        
Weighted average shares outstanding 23,406 23,238 23,361 23,220
Basic earnings per share $ 1.36 $ 2.36 $ 4.09 $ 2.38
Numerator for diluted earnings per share        
Earnings available to Universal Corporation common shareholders 31,830 54,741 95,511 55,165
Add: Dividends on convertible perpetual preferred stock (if conversion assumed) 3,712 3,712 11,137 11,137
Earnings available to Universal Corporation common shareholders for calculation of diluted earnings per share $ 35,542 $ 58,453 $ 106,648 $ 66,302
Denominator for diluted earnings per share:        
Weighted average shares outstanding 23,406 23,238 23,361 23,220
Effect of dilutive securities (if conversion or exercise assumed):        
Convertible perpetual preferred stock 4,800 4,775 4,794 4,769
Employee share-based awards 311 368 315 320
Denominator for diluted earnings per share 28,517 28,381 28,470 28,309
Diluted earnings per share $ 1.25 $ 2.06 $ 3.75 $ 2.34