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Consolidated Statements Of Income And Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement [Abstract]        
Sales and other operating revenues $ 464,116 $ 650,869 $ 735,588 $ 1,084,397
Costs and Expenses        
Cost of goods sold 379,045 531,557 594,977 893,617
Selling, general and administrative expenses 59,809 68,455 123,586 135,074
Other income 0 [1] 0 [1] 0 [1] (81,619) [1]
Restructuring costs 3,350 [2] 1,308 [2] 3,350 [2] 1,308 [2]
Operating income 21,912 49,549 13,675 136,017
Equity in pretax earnings (loss) of unconsolidated affiliates 3,317 [3] (1,563) [3] 3,918 [3] (34) [3]
Interest income 67 143 210 404
Interest expense 4,852 6,160 8,872 11,466
Income before income taxes 20,444 41,969 8,931 124,921
Income taxes 4,960 12,139 (7,078) 41,178
Net income 15,484 29,830 16,009 83,743
Less: net (income) loss attributable to noncontrolling interests in subsidiaries (459) (4,386) (267) 10
Net income attributable to Universal Corporation 15,025 25,444 15,742 83,753
Dividends on Universal Corporation convertible perpetual preferred stock (3,713) (3,713) (7,425) (7,425)
Earnings available to Universal Corporation common shareholders 11,312 21,731 8,317 76,328
Earnings per share attributable to Universal Corporation common shareholders:        
Basic $ 0.49 $ 0.94 $ 0.36 $ 3.28
Diluted $ 0.48 $ 0.90 $ 0.35 $ 2.95
Weighted average common shares outstanding:        
Basic 23,178,082 23,207,043 23,200,589 23,261,604
Diluted 23,508,427 28,336,545 23,521,571 28,400,666
Total comprehensive income:        
Total comprehensive income, net of income taxes 4,954 61,024 6,303 116,441
Less: comprehensive (income) loss attributable to noncontrolling interests, net of income taxes (178) (4,375) (230) 347
Comprehensive income attributable to Universal Corporation, net of income taxes $ 4,776 $ 56,649 $ 6,073 $ 116,788
Dividends declared per common share $ 0.51 $ 0.50 $ 1.02 $ 1.00
[1] Other income represents the gain on the favorable outcome of the IPI tax credit case in Brazil. This item is excluded from segment operating income, but is included in consolidated operating income in the consolidated statements of income and comprehensive income.
[2] Restructuring costs are excluded from segment operating income, but are included in consolidated operating income in the consolidated statements of income and comprehensive income.
[3] Equity in pretax (earnings) loss of unconsolidated affiliates is included in segment operating income (Other Tobacco Operations segment), but is reported below consolidated operating income and excluded from that total in the consolidated statements of income and comprehensive income.