Changes In Shareholders' Equity And Noncontrolling Interests In Subsidiaries

9 Months Ended

Dec. 31, 2016

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]

Changes In Shareholders' Equity And Noncontrolling Interests In Subsidiaries

CHANGES IN SHAREHOLDERS' EQUITY AND NONCONTROLLING INTERESTS IN SUBSIDIARIES

A reconciliation of the changes in Universal Corporation shareholders’ equity and noncontrolling interests in subsidiaries for the nine months ended December 31, 2016 and 2015 is as follows:

	Nine Months Ended December 31, 2016									Nine Months Ended December 31, 2015
(in thousands of dollars)	Universal Corporation			Non-controlling Interests			Total			Universal Corporation			Non-controlling Interests			Total
Balance at beginning of year	$	1,414,222		$	38,840		$	1,453,062		$	1,362,725		$	34,369		$	1,397,094
Changes in preferred stock
Conversion of Series B 6.75% convertible perpetual preferred stock to common stock	(107,550		)	—			(107,550		)	—			—			—
Changes in common stock
Conversion of Series B 6.75% convertible perpetual preferred stock to common stock	107,550			—			107,550			—			—			—
Accrual of stock-based compensation	4,766			—			4,766			4,157			—			4,157
Withholding of shares from stock-based compensation for grantee income taxes	(2,256		)	—			(2,256		)	(3,737		)	—			(3,737		)
Dividend equivalents on RSUs	503			—			503			519			—			519
Changes in retained earnings
Net income	73,435			2,621			76,056			61,052			4,502			65,554
Cash dividends declared
Series B 6.75% convertible perpetual preferred stock	(11,061		)	—			(11,061		)	(11,061		)	—			(11,061		)
Common stock	(37,787		)	—			(37,787		)	(35,641		)	—			(35,641		)
Dividend equivalents on RSUs	(503		)	—			(503		)	(519		)	—			(519		)
Other comprehensive income (loss)	627			(645		)	(18		)	4,555			(465		)	4,090
Other changes in noncontrolling interests
Dividends paid to noncontrolling shareholders	—			(1,260		)	(1,260		)	—			(1,260		)	(1,260		)
Balance at end of period	$	1,441,946		$	39,556		$	1,481,502		$	1,382,050		$	37,146		$	1,419,196